Laserfiche WebLink
and shall be paid to the Lender, and Borrowers in proportion to each party's share of <br />their interest in the Property. <br />8. Borrowers Not Released; Forbearance By Lender Not a Waiver. <br />Extension of the time for payment or modification or amortization of the sums <br />secured by this Security Instrument granted by Lender to any successor in interest of <br />Borrowers shall not operate to release the liability of the original Borrowers or <br />Borrowers' successors in interest. Lender shall not be required to commence <br />proceedings against any successor in interest or refuse to extend time for payment or <br />otherwise modify amortization of the sums secured by this Security Instrument by <br />reason of any demand made by the original Borrower or Borrowers' successors in <br />interest. Any forbearance by Lender in exercising any right or remedy shall not be a <br />waiver of or preclude the exercise of any right or remedy. <br />9. Successors and Assigns Bound; Joint and Several Liability; Co-signers. <br />The covenants and agreements of this Security Instrument shall bind and benefit the <br />successors and assigns of Lender and Borrowers. Borrowers' covenants and <br />agreements shall be joint and several. Any assignment of Borrowers' obligations, <br />duties, covenants, rights or benefits hereunder shall only occur after written approval <br />of such assignment by Lender. If the Lender approves in writing an assignment of the <br />Security Instrument, then Lender will release Borrowers from the covenants and <br />agreements of this Security Instrument. <br />10. Notices. Any notice to Borrowers provided for in this Security <br />Instrument shall be given by delivering it or by mailing it by first class mail. The <br />notice shall be directed to the Property Address or any other address Borrowers <br />designate by notice to Lender. Any notice to Lender shall be given by first class mail <br />to Lender's address stated herein or any other address Lender designates by notice to <br />Borrowers. Any notice provided for in this Security Instrument shall be deemed to <br />have been given to Borrowers or Lender when given as provided in this paragraph. <br />11. Governing Law; Severability. This Security Instrument shall be <br />governed the laws of the State of California. In the event that any provision or clause <br />of this Security Instrument or the Note conflicts with applicable law, such conflict <br />shall not affect other provisions of this Security Instrument or the Note which can be <br />given effect without the conflicting provision. To this end the provisions. of this <br />Security Instrument and the Note are declared to be severable. <br />825 San Leandro Boulevard <br />Deed of Trust <br />071999 <br />Page 5 of 9 <br />