78007855 - Laserfiche WebLink

Browse

t not extend or postnona the-due date of tlw monthly iristailments referred to in paragraphs i and 2 hereof ar eh~nge the amount of sttclt installments.. I0; Hflrrowar Nat Reienaed. Extcasion o€ tlse tune for payment or modification of amortisation of the sums seautEd by this Mortgage gt'stnted Iry Lettder to any sueeessor in interest of Borrower shall tint .operate to release, in any manner; the liability of the original*Sorrower and Borrower's successors in interest. Lender shall not be required to txirntjicnee lTrsiceedings against sttele.suceessor-orrefuse to extend time far payment ar otherwise modify j~amartirstion ai the sums secured by this _lfrsrtgage.. by reasatz of any demand made by the original Harrower and . ~~Harrawez'ssuaaessarsininterest.. , ~ Il.-ForLear~cat by Leader Not a W+xtstar. .Any.fotl~rance by Lender in exercising any right or remedy. ~„ hereunder, or ot%~er~vise arzorded by applicaitle ran, shalt not be a waiaer of or preclude the exercise a€-any -right Q ar remedy hereunder. The procurement of insurance or the payment of taxes or other liens or charges by Lender ~ shall-trot be a uaiverof Lender's t~ght.ta accelera+~ the rnaturity of the-tndebtcdness secuzed- by-this- Mortgage. . ~ I~ Hemedi®s ~umttl+ative. .,Rill- remedies provided in t'ns ~iortgago are distinct and eirmtilative to any other- ~ right or remedy, itnderthis ~to?~+,gage or siforded by law ar t ~uity, snd nisy 6e exercised concurrently, idc~nd- ~ entry or suncessively. 13. Sneseffiors enact Rseigne Bowed; joint std Severod :.lability; Ccptions. The covenants and agreetnents herein contained shall bind, and the rights hereunder shall inure to, the respective successors and _assigns of Lender and Borrower, subject to the pmvisions:af paragrsplt 17 hereof: all covenan#s and agreeurents of Borrower shall'- be joint-and seteral. The captions and Headings of tlis jlarAgralihs of this '13ortgAge are-far convedience only aiid are not to be trs8d to irderpret or define the-provisions hereof. i#. Natiee. Any.aatice to Borrower pravidesl for in this tortgage shall be given by reciting such native by aerti$ed mail addressed La Borrower at tlse Property ~Lddress states( hclow, except for any notice required under paragraph I$ hereaf to ire given to Borrower in the manner lirescribed by apltiicahle law. Any notice- }rrotided -for in-this ~fort~gage shall be deemedto base been given io-Borrower when green in the manner designated hei!ein. 15. Uniform Nfortgage; Governing Law: Severtrbility. 'Cltis farm of mortgage combines uniform-covenants -:for nationAl use and non-unifortn covenants with limited variaiions by jurisdiction to constitute a uniform.sectt- rity instzvment covering rest property,-This \iortgage shalt be governed by the la~v of the jurisdiction in which the Fmperty is located.`In the.eveni that any provision. or clause of this ~iartgage or the Note eotxflicts' with. Applicable law, sualr canfliat shall-not affect other provisions of thee Mortgage or the Note which can be given - effect without the conflicting provision, and to this end the provisions of the 1ortgage and the DTote are devlsr~l to be severable. 36. P~rowers Copp. Borrower shall be furnished a conformed copy of thi ~Iartgage at the tithe of execn- lion or after recordation hereof. " 17. Trortsfer sf the Fragerty; Assumption. if all or any part of the Property or an interest therein is-sold . or transferred by Borrower without Lender's prior written consent, excluding (a) the creation of a lien or ?nai3na-- brance subordinate to this Mortgage, (b} the creation of s purchase money security interest far household AppIi- antes; fc) s transfer bydevise, descent ar by operation of law upon t}te death of a joint tenant-or (d) the grant of any leasehold interest of three yee~•s or less not containing an option to purchase, Lender may,. at Lender's option, declare all the sums secured by Lhia Vlortgsge to be inunediately due and payable. Lender sltsll have waived such option to accelerate if, prior to the sale 8r transfer; Lender and the person to whom- the i~rgperty js to be sate. transferred resell agree-~ .::t in writing That the credit of such person is sat-isfactory to Lender and that-the interest payable an the sums secured by this ~3ortgage shalt be at such rate as Lender shall request. If 7;eteder has :~aived the option to accelerate provided in This paragraph i and if Borrower's sucees<<or in interest has:execuiec a writ- ten assumption agreement accepted in writing by Lender, Lender shall release Barrnwer from':all a}rligations under this Mortgage snd the Mate. I€ Lender exe-~ia~es suela option to accelerate, Lender shall mail Borrower notice of acceleration in secordancz with paragraph P4 hereof. Such notice shaft prav°ide a perm of eat less than 30 days -from the-date the notice is mailed within which Borrower may pay the stints declared dne. If Borrower fails to pay sash sums prior tri the , expiration of such period, Lender may, without further notice or demand an $orrower, invoke any- retnedie~ per miffed by paragraph 38 hereaf. i~o*~-LixtFOt;-~ Cov>-rx~ars. Borrower- and Lender further zovenant and agree as follows: 18. Aeeeieratioss; AarQedies. Except as provided in psragralah 2 i hereof, upon Borrower's breach of 8ng-- eovenant ar agreement of $arrower in #ltis 34artgage, including the covenants to pray alien due-env sutns`secsrrecl by tti~ .lfertgage, lwnder briar to acceleration shit! tusil notice ±e Borrower ag =,troi•idod is paragraph 24 hereof specifying: (i) the breech; {2) the sedan re.,uirecl to sere such breach; t3) a data: eat less than thirty days imm the date the native 'ss mar}ed a Borrower. by which such breach must be cured: and z4) that failum to cure such breach on or before the date specified in the notice may result in acceleration of the sunv secured 6y this :4fortgage and sale of the Property. If the breach is rot cured an or before the date specified in the notice, L ender at Lerdet's option rrtay tleciarc all of the sutrte secured by this ~Tortgage to be immediately due and payable wi+,haut ft;rEhor derrtand and ma3 frtroE•lase this ~ lartgage by judicial nrtrseodiag. Lender steal! be entiLlect tc~ collet in sacFt proceeding s13 expenses ~yf tercels un , inclut#ing, but. net 3'nnited to, casts of documen#ary evidence, abstracts snd title reports. 19. Borroavsr's !fight to fieiasteta. 1'atwithstnnding bender's acceleration of -the sums seeut~ hp this 14large; Bornccrer strati }save the right to have any I;roeeedingi Begun by Tender to enforce this ~fottgage-die-- contirtued at any time prior to entry of a judgment enfoTting this ~£artgage if: ta? Borrower pave Censer- all shins-which would be then due-under this Jiartgage, the ;dote and notes securing Future Advhtrces; if say, had-no acueletatian occurred; fb) Borrower pores sII lireaehes of any othercaveatants or sgreements`ef Harrower cones ' taiaterl itt thib ~ortgsge; (c} Sotrower pays alt reasonslrle expenses incurred by Lender in cn€arcirtg the eovensnts - ancY sgiief,memt~ of Harrower ruata'raed is tills Mortgage sled is en:`arcing I:¢nder a remedies as pm_vided_ in pars> ' g~ph 28 hereaf, iireludarg; but n~ iii t~ iw ws..,.»bl; „er's fr-~, slid idl aorrover.ts'ses such action s§, - Lender msy re9sonstly require tc dssute that. the lien-:a€ this 3fartgage, Lender's inter+twt in the Property aitd Ts~ri~aa•e_r'< eL+ligat~an io ,»y rtes a_ ~ --cured bg this ~fartg~~ ale-+ll zontxmx ttnimftaired_ (.Tpon uah pttyttient and ,lure Iry Borrower, this ~+lartgage snd toe obligations-secured hereby shalt remain, in £ull -force :+rid effect ss if no a:,celerataon read xcurreit. ?ts; itmdv_w.e,+.x~t s~ t?~+?:'1-s•+,~!•dt et H~+v~. ~e± ~ F;rn. ~S arl~;t:ens~! *~Lr*_~* hete~ _ uncle*, Horrower-Hereby asaigris to 7Fnder the reatsof She Proptrt~ . {irovided tlsat Burrewer shall, priorta $~eeler== _ anon under paragraph 28 h'areof_orahandonrtiert of the Property, tent`s the right to;aoll~t and retairf aue6 rertts_ ' as they ba:a;no due snd-nayabk. T'pon a+;caleratia:3 under paragraph 2$ :ner~of ur abandonment of the Ymp€r~#y, Lender, in pereoti, by agent or by.judicinlly sppoitited receiver shat! heentitled. to enterupon, take tx>s_vessian of:;anil manage-tF.e.I'taperty. snd to collect the rents ai 4fie Property, including tl4ase past date, Vii! rerte rollacidd:_tty Tender or the receiver char! bt appli4~ci first to payment of the casts of tnanagetrs^nt of the >'rslto'ty aunt colleetian of rents, including, teat eat rimited tn, receiver's feev. nrenii,~rn ,n r~r~c ~ a,.,,,.+ ? hl „ ~,;,~,'~ fe.~. sea then to the sums secured byafiis iyfortgsge. Ixnsier snd the receiver t;nalllie litt6ie to areaun"t--'only iar those rents actually receired.