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 herein contained will bind, and the rights hereunder will inure to, the respective successors and assigns of Xxxxxx and Xxxxxxxx. All covenants and agreements of Borrower will be joint and several. Any individual who co-signs this Mortgage, but does not execute the Note, (a) is co-signing this Mortgage only to mortgage, grant and convey that individual's interest in the Property to Lender under the terms of this Mortgage, (b) is not personally liable on the Note or under this Mortgage, and (c) agrees that Lender and any other Borrower hereunder may agree to extend, modify, forbear, or make any other accommodations with regard to the terms of this Mortgage or the Note without that individual's consent and without releasing that Borrower or modifying this Mortgage as to that individual's interest in the Property.

Successors and Assigns Bound; Joint and Several Liability; Co-signers. The covenants and agreements herein contained will shall bind, and the rights hereunder will shall inure to, the respective successors and assigns of Xxxxxx and Xxxxxxxx, subject to the provisions of paragraph 15 hereof. All covenants and agreements of Borrower will shall be joint and several. Any individual who co-signs this Mortgage, but does not execute the Note, (a) is co-signing this Mortgage only to mortgage, grant and convey that individual's interest in the Property to Lender under the terms of this Mortgage, (b) is not personally liable on the Note or under this Mortgage, and (c) agrees that Lender and any other Borrower hereunder may agree to extend, modify, forbear, or make any other accommodations with regard to the terms of this Mortgage or the Note without that individual's consent and without releasing that Borrower or modifying this Mortgage as to that individual's interest in the Property.