Laserfiche WebLink
not extend or postpone the due date of the n:onthl}- instalhnetits raferraad to ida paragraphs 1 and 2 hereof or <br />change the amount of such installments. <br />10. Borrower Not Released. )extension of the. t.inee fm- paymettt or uaot{iticatSon of nanoa~tization oi' ttfe sums <br />secured F>y'tttis- `•lortgage granted t>y Lender to any ut`cessor in intc:rc+sk of Harrower shall Writ operate to release, <br />in any manner, the liabilit}- of the original Borrower and Borrower's successors in interest. Lender shall not be <br />required to commence proceedings against such successor m• trtuse to extend time for payment or otherwise modify <br />amortization of the sums secured by this Mortgage l:.~ reason of any dema:.d made by the original Borrower and <br />Borrower's successors in interest. <br />I1. Forbearaztee by Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy <br />hereunder, or otherwise afforded 6y applicable lacy, shall not be a wai:•er of or preclude the exercise of any right <br />or remedy t:rreunder. 'rlic procurement of insurance w• the payment of taxes or other liens or charges by Lender <br />shall not ba a t~:aicer o1 Lender's right to accelerate the maturity of the indebtedness sacared by this Mortgage. <br />12. Remedies Cumulative. Ali remedies provided in this \Iorugage arc distinct and cumulative to any other <br />® right or remedy under this \[ortgage m- afforded hr late or equity, and utay be exercised concurrently, independ- <br />ently or successively. <br />1.3, Successors and Assigns Bound; Joint and Several Liability: Captions. The covenants and agreements <br />herein contained shall bind, and the rights hercur+.eier shall inure to, the respeckivc successors and assigns of Lender <br />and Borrower, subject to the provisions of pai:agr:,pi: 17 hrreai. Ail cerrnant: and agreements of Borrower shall <br />be joint and scveraE. The captions and headings oC the paragraph. of tells Mortgage are for convenience onh• and <br />are not to be used to interpret or define the prorisious hereof. <br />Q1 14. Notice. .any eiotire to 8orroner l,roctdrd for in tell. Alartgage s{ial; l,e girea !,?• mailinn such notice hg• <br />~' certified quail :addreaed to Ran•mcer at the Prol.ert}~ Addmss >reted beloev. except for :an}• notire rrr{uired under <br />paragraph 18 hereof to 6a given to Borro:cer u, the manner presrribeti by al,ltlicablc late. Sin' notire provtde~_t <br />forin this Mortgage shall hr decnteti to h:it'r been gicrn to Borrauer mht~n [;iceu in the msuuer de-igtt;tte~? 1;,;~in. <br />15. Uaiform Mortgage; Governing Law: Severability. This farm nY u,artgsge rotnl,u:es uniform cot-+~s::,tas <br />for national ttse and non-uniform covenants with limited rartations by jurisdiction to constitute a urifomr secu- <br />rity instrument covering real property. iitis ?loci gage ehaii I ,~ t;overntd ` ,µ. ,,: ::;:: ~ ~~-~aicti^n ;fl wni. t, <br />the Property is !seated. In the event that any provision or clause of this,Alertgagc or tlm •\otc rortflicks with <br />applicable ia~s. such contliet shalt not aR'ect other provisions of this \lortgage i~r the gore which can ire givra <br />effect without the- conflicting provision, and to thi, end the l~rovisiors of the ~l,~rtgage and the tiate are declared <br />to be severable. <br />ib. zsorrowers Copy. 3orrower shah be furnished a coniermer: rotay of 'This 'Mortgage at ihe. tirne of esean- <br />tion or slier reconiatiot: hereof. <br />17. ?raaafer of the Property; Assumption. if all ar nnc hart at the Propert}~ ar an interest therein is sold <br />or trsnsferred by Barrawcr without L,ender'- prior te-ritten ran=errs, cxcludiug la's thi= ~ re, lion of a i-set, or encum- <br />brance sul,iifthritite to il,is ilortgagc, rbr the ere=itian of a purei;ase ntorev seaurtt} ;niece-t ar tsousettotrl apph- <br />anees, tej a transSer by devise, descent nr 6r aperatiou of I:nc ul,on the death of a iatm tcnart or :d, the ¢rant of <br />any tc.kehold interest of three years or lea not rontainiug au ol,tiaa to purchase, Lendrv uia~ . at I,~uder~ option. <br />declare al! th€: rums ~cureu try this .lortgage to be iuuuediatrlti- due an~3 l,xyabh= .-cn~i<<r -Ball hat t• aai~-eel such <br />optton to ac:eeierate if, prior to the sale or transfer, Lender soul the person to a i.. n: liar i'ran.~rty i to lx sold or <br />tram;•i'errcd rcaria sgmeruent in writing that the credit of such person is _.ari~iactorc to Lrndcr .,nd zest the inteeest <br />payable or, the rums ~erured b}- this Alortgage shall be at such rats as L,•rdrr ..i;ai( erque>t If l,end;~r has waived <br />theoptiora to accelerate provided in this liaragraph 17 and ii l3arron~rr's surt•essor :n ttserest bar exrruted at ,vrit- <br />tese ss-un:pttos agrt~roent :~rcepted lit wrstiug by Lender. L,•n,-3er -haft rr!ets>e B,ur„a-,~r fra:u ai? t~1+_hgatfrons under <br />this Jlorigagc slid the dote. <br />-. -..-!tes a xr . -F ~ - --t.F~v......,. .~...... ! ~__3~ tS 4 - k.:s`rrr~r. .: "s£:.. ., a:rg:eZ;s.s€:n ,., ~.~ri~ <br />, <br />:;.:.: ~ ...~~. ~,.-:- .. ..~ ....:.. .. .: ...: -.si'. i.r f, tE:t to ~ isle--.! ;?. r~, ._ .r.-~ ~ ~) ; _ ~- __ ..~:_ t} ~ *;cat2e~ ~= <br />.:sfit:;s :t„i,. f . aj!•, .,.A ~-~ t.r.Y- ,--.l ,nt .t,.ti'~ Stec ;,i. tit ,f:tr- 1. Batralit-~: .. ,. ~._v '. .. ,..,: lsri£_)r ti5 tn,` <br />ranirat:esx. ,i .,u f, tt_;_,:. !-ender mav.~tivitlauttt fut7h,~r notir,• nr ,!r=m.uat ., Kt,rtt~ + ~. ttt,,,h• ;tr_ti• retnttdtes uer- <br />nt+tt~ !sy E,xrxi~r~t~i, it }.erYU - - - <br />'t,f>,-1~y1}'ii}<~+ t'„th-»~r- liort•uwtat• _tttd Lender fuethct• u,ttn.ait stsii a~ref~ tt~ iftllow.k_ <br />l8. Atic+ai€ratic:.: R~-rr~iss. I:zrv:+t a,_ t.:<.a: a. - _ - - '. ! r=si. - .. ;fii:rr~u•vs = .,rr+€trt: <rf z;tc <br />rov"euant ar rt;;r, r,..t ra o; li; t vs-,~. ;,~ - „_ \lni~*t;,,t;r. ,m ,s,.i,r,~, t. n' ~rai-rrt:ws~ _., 1 r,t r. :. -,> .rue= ,,,;}' ~-rum -rrurr,l <br />1sF' Filly tle,rt ga~,e. I,t°^ster t,?-tar to arrrsa•r:[t :rs,r -1;;t t; t!i:Ui i?c,t n~• lei Borrsnte r s sfl eri'it3ril ,n t,;ii ~~r;ttfl, }~ I:ercat <br />specifvtuN: t1~ for i:rrarh ~.°~ tiw~ as~hun rryuitos, to etas save, br+t~tlrk-tTsl~u d;,t+~ .,,,; it-.~ ib:,ri thirty- day-, <br />iron thr,iatr the a:,ts~+ := nctts•:} :,~ Itorau.nrr, kn~ tehirh <urii lu•enc{i u,ttst t,r etui.i- _,:;.I : i~ tt,:a l:ulurr to cure <br />:such bee=zt•h on ,ar i,ri;~rr t't~f slats -t,a,~itit~; m tiu- uutie,~ ,nac_v result in :trcnlrratits,i ,~t ti,~ -iui=- -,-,=:;rte: },v thta <br />~lortgagc 8nd nalt• ai ihr k'renu•rty- 11 the 6maric :~ rut r,:rrii i,,: „r he7orr ~ he iiat.~ ., rritir~; u, i ~a ;~nUre, hctti{t•r <br />;a I,~•n,ler's i:ption !uay rircla!-r• all r.. tlse >tu,a~ o-.rrurta try t[,;. Afu,•iga;;,~ t_, 7,.- ,,;i,;ir,.G;u,1y ,li.,- ar1 payable <br />without further dc-tuaud air . tuav to,t „~.e thi. \1,artg,i;,- t y ;taf.,,;at ptve,reltny;_ I e t Sf°r -•i:g' ', ~ ..•rt! ~l to collect <br />iu stu•h prorerding nll rxpru.,~ ui t,~rcriuurc. iurlu~iu,g. Ltrt rent huntr,l t,,. ro,t. ui .iu.~uauf;,.nr, ,~r~,l.~nrc, <br />abstracts and title reports. <br />19. Boerovrerr Right to Reutstate. Aotevirhxtandinl; Lcudcr_. urcelrrahon of the sums scrua.I li}• this <br />Mortgage, Harrower shall have the right to have ,uty prercerviins hi•eun by l.rndrr to enfare.• this Aortgage dis- <br />cont-inued at any titnc prior en entry of a judgutE°nt cnft>?'rin~, t'stis Atart4age if: iaa BarroNer pave Linder ail <br />sunms which would be then due under this \lortgage, the tiotr :end nota•s secunnt; r~utun~ Advances, tf and°, had no <br />arcelerati~n oecurretl; ihl Borrower cures all breaches of any other covenants or af;menu;nts .:f Barrowex,con- <br />ta'--a ' ":lo;# r} YiorrowFr _ -all ~=ar;.nal;:. ...... -... _-=. t - .t_ _. _ :... F <br />tS+Lii. ua ua ry=u~, i p.i C=at*i'ii. i"~ .. _ - • I_t"it=ski iii 4 isifa`i';ia'h the 4'` 1~it-jant <br />and ag~.~rnentuvf Br,rrvwzr contained in fhi:+ E'Izirtg:tgr~ and tit <<nitsrc'int;£I,i=ntit•r'- r,-snr~zii~r is prfn ieitre in ttt~Ya- <br />graph 18 hereof, including, but not limited ta, masonablr attorney's ice..:tn,l rdr Berrotvcr takes such action as <br />Lender may reaaonalrly require to assure that the lien of tell. \lartgage, Lnndar's interest in the Property and <br />Bormwera ahtigation to pay the solos secured by thi iicrtaae,e shaft cont'nxte unnupaircd. Itpon .uch payment <br />and cure by Bprrower, this ~9ortgage and the obligations secun~d hereby .hall rcuutht in lull force ttud effect as if <br />no acceleration Wad occurred. <br />20. Aesigameat of Reaia: AT:poiatmeat of Receiver: Candor is Poasercion. As additional security here- <br />under, Borrower hereby assigns to Letrder the rents of the Property, provided that Borroxer shall, prior to acceler- <br />ation tinder paragraph 1S hereof or abandonment of the Property, have the riglu to collect and retain such rents <br />as they become due and payable. <br />Upon acceleration under paragraph 1$ hereof or abandonment of the 1'rol,erh•, Lender, in person, by agent <br />or by judicially appointed receiver shall be entit}ed to enter upon, take iiossessiou ot• and manage the Property <br />and to ooileet the rents of the Property, including those past due. AN rents collected 6v hander or the receiver <br />shall be applied first to payment of tlrc costs of management of the Prolierty aril rollectiun of rears. including, but <br />not limited tc, receiver's f =s, premiums an receiver's 6nnds alts r~asanabhr atta;itev' fees. t,ml then to the sun. <br />seeurt=d by this Mortgage. Tender and fete receiver shall be liable to account only P- those rents actually scot ivied. <br />