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 shall bind, and the rights hereunder shall inure to, the respective successors and assigns of Lender and Borrower, subject to the provisions of paragraph 16 hereof. All covenants and agreements of Borrower shall be joint and several. Any Borrower who co-signs this Deed of Trust, but does not execute the Note, (a) is co-signing this Deed of Trust only to grant and convey that Borrower' s interest in the Property to Trustee under the terms of this Deed of Trust, (b) is not personally liable on the Note or under this Deed of Trust, 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 Deed of Trust or the Note, without that Borrower' s consent and without releasing that Borrower or modifying this Deed of Trust as to that Borrower' s interest in the Property.

Appears in 1 contract

Samples: Deed of Trust

AutoNDA by SimpleDocs

Successors and Assigns Bound; Joint and Several Liability; Co-signers. The covenants and agreements herein contained shall bind, and the rights hereunder shall inure to, the respective successors and assigns of Lender and Borrower, subject to the provisions of paragraph 16 hereof. All covenants and agreements of Borrower shall be joint and several. Any Borrower who co-signs this Deed of Trust, but does not execute the Note, (a) is co-signing this Deed of Trust only to grant and convey that Borrower' s ’s interest in the Property to Trustee under the terms of this Deed of Trust, (b) is not personally liable on the Note or under this Deed of Trust, 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 Deed of Trust or the Note, without that Borrower' s ’s consent and without releasing that Borrower or modifying this Deed of Trust as to that Borrower' s ’s interest in the Property.

Appears in 1 contract

Samples: lender.ihfa.org

Successors and Assigns Bound; Joint and Several Liability; Co-signers. The covenants and agreements herein contained shall bind, and the rights hereunder shall inure to, the respective successors and assigns of the Lender and the Borrower, subject to the provisions of paragraph 16 Paragraph 13 hereof. All covenants If more than one Borrower executes this Mortgage, all covenants, representations, warranties and agreements of Borrower shall be joint and several. Any Borrower who co-signs this Deed of TrustMortgage, but does not execute the Note, ; (a) is co-co- signing this Deed of Trust Mortgage only to mortgage, grant and convey that Borrower' s 's interest in the Property property to Trustee the Lender under the terms of this Deed of TrustMortgage, (b) is not personally liable on the Note or under this Deed of TrustMortgage, 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 Deed of Trust Mortgage or the Note, Note without that Borrower' s 's consent and without releasing that Borrower or modifying this Deed of Trust Mortgage as to that Borrower' s 's interest in the Property.

Appears in 1 contract

Samples: www.flhousing.org

AutoNDA by SimpleDocs

Successors and Assigns Bound; Joint and Several Liability; Co-signers. The covenants and agreements herein contained shall bind, and the rights hereunder shall inure to, the respective successors and assigns of the Lender and the Borrower, subject to the provisions of paragraph 16 Paragraph 13 hereof. All covenants If more than one Borrower executes this Mortgage, all covenants, representations, warranties and agreements of Borrower shall be joint and several. Any Borrower who co-signs this Deed of TrustMortgage, but does not execute the Note, ; (a) is co-co- signing this Deed of Trust Mortgage only to mortgage, grant and convey that Borrower' s Xxxxxxxx's interest in the Property property to Trustee the Lender under the terms of this Deed of TrustMortgage, (b) is not personally liable on the Note or under this Deed of TrustMortgage, and (c) agrees that Lender Xxxxxx and any other Borrower hereunder may agree to extend, modify, forbear, or make any other accommodations with regard to the terms of this Deed of Trust Mortgage or the Note, Note without that Borrower' s Xxxxxxxx's consent and without releasing that Borrower or modifying this Deed of Trust Mortgage as to that Borrower' s Xxxxxxxx's interest in the Property.

Appears in 1 contract

Samples: flhousing.org

Time is Money Join Law Insider Premium to draft better contracts faster.