Common use of Successors and Assigns Bound Clause in Contracts

Successors and Assigns Bound. Borrower covenants and agrees that Xxxxxxxx’s obligations and liability shall be joint and several. However, any Borrower who co-signs this Security Instrument but does not execute the Note (a “co-signer”): (a) is co-signing this Security Instrument only to mortgage, grant and convey the co-signer’s interest in the Property under the terms of this Security Instrument; (b) is not personally obligated to pay the sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower can agree to extend, modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without the co-signer’s consent. Subject to the provisions of Section 15, any Successor in Interest of Borrower who assumes Xxxxxxxx’s obligations under this Security Instrument in writing, and is approved by Xxxxxx, shall obtain all of Borrower’s rights and benefits under this Security Instrument. Borrower shall not be released from Borrower’s obligations and liability under this Security Instrument unless Xxxxxx agrees to such release in writing. The covenants and agreements of this Security Instrument shall bind (except as provided in Section 17) and benefit the successors and assigns of Lender.

Successors and Assigns Bound. Borrower covenants and agrees that Xxxxxxxx’s obligations and liability shall be joint and several. However, any Borrower who co-signs this Security Instrument but does not execute the Note (a “co-signer”): (a) is co-signing this Security Instrument only to mortgage, grant and convey the co-signer’s interest in the Property under the terms of this Security Instrument; (b) is not personally obligated to pay the sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower can agree to extend, modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without the co-signer’s consent. Subject to the provisions of Section 1518, any Successor in Interest of Borrower who assumes Xxxxxxxx’s obligations under this Security Instrument in writing, and is approved by Xxxxxx, shall obtain all of Borrower’s rights and benefits under this Security Instrument. Borrower shall not be released from Borrower’s obligations and liability under this Security Instrument unless Xxxxxx agrees to such release in writing. The covenants and agreements of this Security Instrument shall bind (except as provided in Section 1720) and benefit the successors and assigns of Lender.

Successors and Assigns Bound. Borrower covenants and agrees that Xxxxxxxx’s 's obligations and liability shall be joint and several. However, any Borrower who co-signs this Security Instrument but does not execute the Note (a “"co-signer”"): (a) is co-signing this Security Instrument only to mortgage, grant and convey the co-signer’s 's interest in the Property under the terms of this Security Instrument; (b) is not personally obligated to pay the sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower can agree to extend, modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without the co-signer’s 's consent. Subject to the provisions of Section 15, any Successor in Interest of Borrower who assumes Xxxxxxxx’s 's obligations under this Security Instrument in writing, and is approved by Xxxxxx, shall obtain all of Borrower’s 's rights and benefits under this Security Instrument. Borrower shall shalt not be released from Borrower’s 's obligations and liability under this Security Instrument unless Xxxxxx agrees to such release in writing. The covenants and agreements of this Security Instrument shall bind (except as provided in Section 17) and benefit the successors and assigns of Lender.

Successors and Assigns Bound. Borrower covenants and agrees that Xxxxxxxx’s obligations and liability shall be joint and several. However, any Borrower who co-signs this Security Instrument but does not execute the Note (a “co-signer”): (a) is co-signing this Security Instrument only to mortgage, grant and convey the co-signer’s interest in the Property under the terms of this Security Instrument; (b) is not personally obligated to pay the sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower can agree to extend, modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without the co-signer’s consent. Subject to the provisions of Section 1518, any Successor in Interest of Borrower who assumes XxxxxxxxBor- rower’s obligations under this Security Instrument in writing, and is approved by XxxxxxLender, shall obtain all of Borrower’s rights and benefits under this Security Instrument. Borrower shall not be released from Borrower’s obligations and liability under this Security Instrument unless Xxxxxx agrees to such release in writing. The covenants and agreements of this Security Instrument shall bind (except as provided in Section 1720) and benefit the successors and assigns of Lender.

Successors and Assigns Bound. Borrower Mortgagor covenants and agrees that XxxxxxxxMxxxxxxxx’s obligations and liability shall be joint and several. However, any Borrower Mortgagor who co-signs this Security Instrument but does not execute the Note Homeowner Documents (a “co-signer”): (a) is co-signing this Security Instrument only to mortgage, grant and convey the co-signer’s interest in the Property under the terms of this Security Instrument; (b) is not personally obligated to pay the sums secured by this Security Instrument; and (c) agrees that Lender Mortgagee and any other Borrower Mortgagor can agree to extend, modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note Homeowner Documents without the co-signer’s consent. Subject to the provisions of Section 1517, any Successor in Interest of Borrower Mxxxxxxxx who assumes XxxxxxxxMxxxxxxxx’s obligations under this Security Instrument in writing, and is approved by XxxxxxMortgagee, shall obtain all of BorrowerMortgagor’s rights and benefits under this Security Instrument. Borrower Mortgagor shall not be released from BorrowerMxxxxxxxx’s obligations and liability under this Security Instrument unless Xxxxxx Mortgagee agrees to such release in writing. The covenants and agreements of this Security Instrument shall bind (except as provided in Section 1719) and benefit the successors and assigns of LenderMortgagee.

Successors and Assigns Bound. Borrower covenants and agrees that Xxxxxxxx’s 's obligations and liability shall be joint and several. However, any Borrower who co-signs this Security Instrument but does not execute the Note (a “"co-signer”"): (a) is co-signing this Security Instrument only to mortgage, grant and convey the co-signer’s 's interest in the Property under the terms of this Security Instrument; (b) is not personally obligated to pay the sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower can agree to extend, modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without the co-signer’s 's consent. Subject to the provisions of Section 15, any Successor in Interest of Borrower who assumes Xxxxxxxx’s 's obligations under this Security Instrument in writing, and is approved by Xxxxxx, shall obtain all of Borrower’s 's rights and benefits under this Security Instrument. Borrower shall not be released from Borrower’s 's obligations and liability under this Security Instrument unless Xxxxxx agrees to such release in writing. The covenants and agreements of this Security Instrument shall bind (except as provided in Section 17) and benefit the successors and assigns of Lender.

Successors and Assigns Bound. Borrower covenants and agrees that Xxxxxxxx’s 's obligations and liability shall be joint and several. However, any Borrower who co-signs this Security Instrument but does not execute the Note (a “"co-signer”"): (a) is co-signing this Security Instrument only to mortgage, grant and convey the co-signer’s 's interest in the Property under the terms of this Security Instrument; (b) is not personally obligated to pay the sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower can agree to extend, modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without the co-signer’s 's consent. Subject to the provisions of Section 1518, any Successor in Interest of Borrower who assumes Xxxxxxxx’s 's obligations under this Security Instrument in writing, and is approved by Xxxxxx, shall obtain all of Borrower’s 's rights and benefits under this Security Instrument. Borrower shall not be released from Borrower’s 's obligations and liability under this Security Instrument unless Xxxxxx agrees to such release in writing. The covenants and agreements of this Security Instrument shall bind (except as provided in Section 1720) and benefit the successors and assigns of Lender.