Common use of Xxxxxxxx’s Obligations Clause in Contracts

Xxxxxxxx’s Obligations. Lender may allow me, or a Person who takes over my rights and obligations, to delay or to change the amount of the Periodic Payments. Even if Xxxxxx does this, however, I will still be fully obligated under the Note and under this Security Instrument unless Xxxxxx agrees to release me, in writing, from my obligations. Lender may allow those delays or changes for me or a Person who takes over my rights and obligations, even if Xxxxxx is requested not to do so. Even if Lender is requested to do so, Lender will not be required to (1) bring a lawsuit against me or such a Person for not fulfilling obligations under the Note or under this Security Instrument, or (2) refuse to extend time for payment or otherwise modify amortization of the Sums Secured.

Xxxxxxxx’s Obligations. Lender may allow me, or a Person who takes over my rights and obligations, to delay or to change the amount of the Periodic Payments. Even if Xxxxxx Lender does this, however, I will still be fully obligated «Initials» under the Note and under this Security Instrument unless Xxxxxx agrees to release me, in writing, from my obligations. Lender may allow those delays or changes for me or a Person who takes over my rights and obligations, even if Xxxxxx is requested not to do so. Even if Lender is requested to do so, Lender will not be required to (1) bring a lawsuit against me or such a Person for not fulfilling obligations under the Note or under this Security Instrument, or (2) refuse to extend time for payment or otherwise modify amortization of the Sums Secured.

Xxxxxxxx’s Obligations. Lender may allow me, or a Person who takes over my rights and obligations, to delay or to change the amount of the Periodic Payments. Even if Xxxxxx does this, however, I will still be fully obligated under the Note Loan Agreement and under this Security Instrument unless Xxxxxx agrees to release me, in writing, from my obligations. Lender may allow those delays or changes for me or a Person who takes over my rights and obligations, even if Xxxxxx is requested not to do so. Even if Lender is requested to do so, Lender will not be required to (1) bring a lawsuit against me or such a Person for not fulfilling obligations under the Note Loan Agreement or under this Security Instrument, or (2) refuse to extend time for payment or otherwise modify amortization of the Sums Secured.