Common use of Borrower Not Released; Forbearance By Lender Not a Waiver Clause in Contracts

Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or modification of amortization of the sums secured by this Deed of Trust granted by Lender to any successor in interest of Borrower shall not operate to release, in any manner, the liability of the original Borrower and Borrower’s successors in interest. Lender shall not be required to commence proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the sums secured by this Deed of Trust by reason of any demand made by the original Borrower and Borrower’s successors in interest. Any forbearance by Lender in exercising any right or remedy hereunder, or otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy.

Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or modification of amortization the conditions of the terms for payment of the sums secured by this Deed of Trust Mortgage granted by Lender to any successor in interest of Borrower shall not operate to release, in any manner, the liability of the original Borrower and Borrower’s 's successors in interest. Lender shall not be required to commence proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the sums secured by this Deed of Trust Mortgage by reason of any demand made by the original Borrower and Borrower’s 's successors in interest. Any forbearance by Lender in exercising any right or remedy hereunder, or otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy.

Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or modification of amortization of the sums secured by this Deed of Trust Mortgage granted by Lender to any successor in interest of Borrower shall not operate to release, in any manner, the liability of the original Borrower and Borrower’s 's successors in interest. Lender shall not be required to commence proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the sums secured by this Deed of Trust Mortgage by reason of any demand made by the original Borrower and Borrower’s 's successors in interest. Any forbearance by Lender in exercising any right or remedy hereunder, or otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy.

Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or modification of amortization the conditions of the terms for payment of the sums secured by this Deed of Trust Mortgage granted by Lender Xxxxxx to any successor in interest of Borrower shall not operate to release, in any manner, the liability of the original Borrower and Borrower’s Xxxxxxxx's successors in interest. Lender shall not be required to commence proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the sums secured by this Deed of Trust Mortgage by reason of any demand made by the original Borrower and Borrower’s Xxxxxxxx's successors in interest. Any forbearance by Lender Xxxxxx in exercising any right or remedy hereunder, or otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy.