Common use of Successors and Assigns Bound; Joint and Several Liability; Co 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 17. 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 that 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 make any accommodations with regard to the terms of this Security Instrument or the Note without that Borrower’s consent.

Appears in 1 contract

Samples: teamv.org

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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 Xxxxxx and Borrower, subject to the provisions of paragraph 17Xxxxxxxx. 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 that 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 make any accommodations with regard to the terms term of this Security Instrument or the Note without that Borrower’s consent.

Appears in 1 contract

Samples: Document Correction Agreement

Successors and Assigns Bound; Joint and Several Liability; Co. signers. The covenants Covenants and agreements of this Security Instrument shall bind and benefit the successors and assigns of Lender Lenders and BorrowerBorrowers, subject to the provisions of paragraph 17Section 14. 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 that Xxxxxxxx’s 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 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: www.cpahousing.org

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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 Xxxxxx and Borrower, Xxxxxxxx. subject to the provisions of paragraph 17. 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 that Xxxxxxxx’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. modify , forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without that Borrower’s Xxxxxxxx's consent.

Appears in 1 contract

Samples: Paradise Resorts & Rentals Inc

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