If Type Into activity is included in Try Catch and the value of the ContinueOnError property is True, no error occurs when the project is executed.
Activities in Finally to be performed after the Try and Catches blocks are executed. This section is executed only when no exceptions are thrown or when an error occurs and is caught in the Catches section. So in this case, Finally block is executed, as the exception was not thrown.
UiPath Documentation
Exam Topic: Identify and describe the use of the error handling activities such as Try Catch, Throw, Rethrow, Retry Scope, and Global Exception Handler.

Settings changed in Project Settings take effect if the corresponding property is left blank in the activity. If in the same project an activity has the Timeout property manually set (even if the value 30000 milliseconds is the same as the default one), then the value set in the property panel overwrites any other value configured in the Activity Project Settings window.
UiPath Documentation
Exam Topic: Describe how to use and configure Activity Project Settings and Libraries