Borrower Not Released. Extension of the time for payment, or modification or amortization of the sums secured by this Mortgage granted by the Lender to any successor in interest of the Borrower, shall not operate to release in any manner the liability of the original Borrower and the Borrower's successor in interest. Lender shall not be required to commence proceedings against such successor, or refuse to extend time for payment or otherwise modify or amortize of the sums secured by this Mortgage, by reason of any demand made by the original Borrower and the Borrower's successors in interest.
Appears in 2 contracts
Sources: Funding Agreement, Funding Agreement