Common use of Continuation of XXXXXXXXS Obligations and of Lenders Rights Clause in Contracts

Continuation of XXXXXXXXS Obligations and of Lenders Rights. (a) Xxxxxxxx’s Obligations. Lender may allow me and any Successor in Interest of Borrower to delay or to change the amount of the Periodic Payments of principal and interest due under the Note or under this Security Instrument. Even if Lender does this, however, I and any Successor in Interest of Borrower will both still be fully obligated under the Note and under this Security Instrument. Lender may allow those delays or changes for a Successor in Interest of Borrower even if Lender is requested not to do so. Xxxxxx will not be required to bring a lawsuit against a Successor in Interest of Borrower for not fulfilling obligations under the Note or under this Security Instrument, even if Lender is requested to do so by me or a Successor in Interest of Borrower. Lender may or may not take such actions in its sole discretion.

Appears in 4 contracts

Samples: sf.freddiemac.com, singlefamily.fanniemae.com, singlefamily.fanniemae.com

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Continuation of XXXXXXXXS Obligations and of Lenders Rights. (a) XxxxxxxxBorrower’s Obligations. Lender may allow me me, any Borrower, and any Successor in Interest of Borrower to delay or to change the amount of the Periodic Payments of principal and interest due under the Note or under this Security Instrument. Even if Lender does this, however, that Person and I and any Successor in Interest of Borrower will both still be fully obligated under the Note and under this Security Instrument. Lender may allow those delays or changes for a Successor in Interest of Borrower Borrower, even if Lender is requested not to do so. Xxxxxx will not be required to bring a lawsuit against a Successor in Interest of Borrower for not fulfilling obligations under the Note or under this Security Instrument, even if Lender is requested to do so by me Borrower or a Successor in Interest of Borrower. Lender may or may not take such actions in its sole discretion.

Appears in 1 contract

Samples: singlefamily.fanniemae.com

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