Common use of Successors and Assigns Bound; Joint and Several Liability; Co-signers Clause in Contracts

Successors and Assigns Bound; Joint and Several Liability; Co-signers. The covenants and agreements of this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of paragraph 13. Borrower’s covenants and agreements shall be joint and several. Any Borrower who co-signs this Security Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to mortgage, grant and convey the Borrower’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 may agree to extend, modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without that Borrower’s consent; provided, however, that such modification or accommodation shall not be made without the prior written consent of the Senior Lien Holder.

Appears in 2 contracts

Samples: Deed of Trust and Security Agreement (Electropure Inc), Deed of Trust and Security Agreement (Electropure Inc)

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Successors and Assigns Bound; Joint and Several Liability; Co-signers. The covenants and agreements of this Security Instrument instrument shall bind and benefit the successors and assigns of Lender Xxxxxx and BorrowerXxxxxxxx, subject to the provisions of paragraph 1317. Borrower’s covenants and agreements shall be joint and several. Any Borrower who co-signs this Security Instrument but does not execute the Note: ; (a) is co-signing this Security Instrument only to mortgage, grant and convey the Borrowerthat Xxxxxxxx’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 may agree to extend, modify, forbear or of make any accommodations with regard to the terms of this Security Instrument or the Note without that Borrower’s consent; provided, however, that such modification or accommodation shall not be made without the prior written consent of the Senior Lien Holder.

Appears in 2 contracts

Samples: Shepherd's Finance, LLC, Shepherd's Finance, LLC

Successors and Assigns Bound; Joint and Several Liability; Co-signers. The covenants and agreements of this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of paragraph 13. Borrower’s 's covenants and agreements shall be joint and several. Any Borrower who co-signs this Security Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to mortgage, grant and convey the Borrower’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 may agree to extend, modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without that Borrower’s 's consent; provided, however, that such modification or accommodation shall not be made without the prior written consent of the Senior Lien Holder.

Appears in 1 contract

Samples: Trust and Security Agreement (Electropure Inc)

Successors and Assigns Bound; Joint and Several Liability; Co-signers. The covenants and agreements of this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of paragraph 13. Borrower’s 's covenants and agreements shall be joint and several. Any Borrower who co-signs this Security Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to mortgage, grant and convey the that Borrower’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 may agree to extend, modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without that Borrower’s 's consent; provided, however, that such modification or accommodation shall not be made without the prior written consent of the Senior Lien Holder.

Appears in 1 contract

Samples: Secured Promissory Note and Loan Agreement (Magnetek Inc)

Successors and Assigns Bound; Joint and Several Liability; Co-signers. The covenants and agreements of this Security Instrument shall bind and benefit the successors and assigns of Lender Lxxxxx and Borrower, subject to the provisions of paragraph 139(b). Borrower’s covenants and agreements shall be joint and several. Any Borrower who co-signs this Security Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to mortgage, grant and convey the Borrowerthat Bxxxxxxx’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 may agree to extend, modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without that Borrower’s consent; provided, however, that such modification or accommodation shall not be made without the prior written consent of the Senior Lien Holder.

Appears in 1 contract

Samples: Assisted 4 Living, Inc.

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Successors and Assigns Bound; Joint and Several Liability; Co-signers. The covenants and agreements of this Security Instrument shall bind and benefit the successors and assigns of Lender Bank and Borrower, subject to the provisions of paragraph 1317. Borrower’s covenants and agreements shall be joint and several. Any Borrower who co-signs this Security Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to mortgage, grant and convey the Borrowerthat Xxxxxxxx’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 Bank and any other Borrower may agree to extend, modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without that Borrower’s consent; provided, however, that such modification or accommodation shall not be made without the prior written consent of the Senior Lien Holder.

Appears in 1 contract

Samples: www.truist.com

Successors and Assigns Bound; Joint and Several Liability; Co-signers. The covenants and agreements of this Security Instrument shall bind and benefit the successors and assigns of assignsof Lender and Borrower, subject to the provisions of paragraph 1317. Borrower’s 's covenants and agreements shall be joint and several. Any Borrower who co-signs this Security Instrument but does not execute the NoteDebenture: (a) is co-signing this Security Instrument only to mortgage, grant and convey the Borrower’s that Xxxxxxxx's interest in the Property under the terms of this Security 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 may agree to extend, modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note Debenture without that Borrower’s Xxxxxxxx's consent; provided, however, that such modification or accommodation shall not be made without the prior written consent of the Senior Lien Holder.

Appears in 1 contract

Samples: Mortgage (Imaging Diagnostic Systems Inc /Fl/)

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