79005511 - Laserfiche WebLink

Browse

~Ftt ;r:~:ctl, t.a ~ta° ; o~,.poate r.rie rhn: date ia~ tiktr,~ t-font itlPv - ,~ii;: ~.?s tre .:•,ft~rrr~rrA ~trp r Eara~grca}rbs .+:;r:N J~ iaereof ar r'lRi~sttiger the arruCnare of stomt instal~4rrre~ruts. [fli. 'Borrowu~~er Nat Reieas+ed. I xte~~ns~ioss of t}.ve ttin-wt foa• ll~,usn•tr~reiat rt>r~ rnocltt'ieat!ion r?i ~;ut~utort~t a~tiort c~~~~f chic stumps m cu y~di ~~v tlurs ~Ia rtgage granted :u•a• T~,c•aa~aet Ito aa~r^y =ut~ctssor nn to crt'Hr,~t ri¢ I~iorro;her s;tnaJl ~~not opsra~tu tr; reVeasc, n . _ .._rrcr, the iiabrhty of t}te origtna} Borro:t•er and Borro.er - successor= in tnierest. T,encler shall not be required to comtnence proceedings against such successor or refuse io extend time for payment or otherwise modify amortization of the sums secured by this \iortgage i?i•`reasou of ary rletnand mane by the original Borrower and Borrower's successors in interest. 11. Forbearance by i.ender Not a Waives. any forbearance by bender in exercising any right or remedy hereunder, or othertt•ise afforded }rv applicab}e laic, shad not he a cvaiaer of or preclude the exercise of any right or rem~~h• hereunder. The procurement of insuraree or the payment of taxes or other liens er charges by Lender shah not be a waiver of Leucier's right to accelerate ehc maturity of the indebtedness secured by this Mortgage. ~ 12. Remedies Cumulative. all remedies providers in this \iortgage are distinct and cumulative to any other rigf,t or reined}- under this 1Iongage or afforricd b}• late or oquity. and nta}• be exercised concurrently, independ- ently or successive}y. ~7 13. Successors and Assigns Bormd; Joint and Several Liability; Captions. The covenants sad sgreements herein contained shall bind, and the right, hereunder shall inure ro. the respective successors and assigns of Lender and Borrower. =abject to the provisions or paragraph l7 hernof. all cotenants and agreemetus of Borrower shat} be joint and several. The captions and headings of the psragraphs of this Mortgage arc for convenience only and are not to be used to interpret or define the provisions hereof. ~ 14. Novice. env notice to Borrower }u-ovideri for in this Mortgage ;stall he given by mailing such notice by ~ certified mail addressed to Borrower at the Prcpertc address suuetl below, except for an}• notice required under patagrap}r I8 itcreof to be given to Borrnecer in the u:anner prescribed h_c applicable lau•. au}- notice provided for in thin \iortgage shall be deemed to have born given to Bot•rotec•r when given in the mariner designated herein. Z5. Uniform Mortgage; Governing Law; Sevezability. "['sits, form of mortgage combines uniform covenants for national use and non-unttorm covenants frith hlnitE31 v -..,,,,.,: tz•r ••^__~+~^:;~„ +„ rnPStit.nte a uniform secu- riiy instrument covering real property. This \Iortgagc shall be governed by the law of the jurisdiction in which the Property is located. In the etent that any provision or clause of this \iortgage or the \rotE conflicts with app}icable law, such conflict shall pat affect other provisions of this 1[ortgsge or the Note which can be given effect without the conflicting provision, and to ibis end the provisions of the \iortgage and the Note are deelsred to be severable. 1&. Borrowea'a Copy. Borrower s}ra11 fte furnisi±ed a conformed copy of this \iortgage at t};e time of exe~u- tion or after recordation hereof. 27. Transfer of the Property; Assumption. If alt or any part of the Property or an interest therein is sold or transferred b}- Borrower without Lender's prior written consent, excluding (a the creation of a lien or encum- brance subordinate to this \iortgage. lb1 the creation of a purchase money security interest for household app}i- ances, tc) a transfer by de ire, descent- or by operation of law upon t-he death of a joint. tenant or (d) t-he grant of any leasehnlc? interest of three years or less not containing an option to purchase. Lender may, at Lender's option, declare all the. sums secured by this A~Iortgage to be inunediateh• due anti paysblc•_ Leerier shalt hsce waived such option to accelerate ii, prior to the sale or transfer. Lender and the person to whom the Property is to be sold or transferred reach agreement in ;criting that the credit of such person is satisfaciot•}• to Lender and that the interest payable on the sums secured by this \Iortgagc shall be at such rate as Lender shall request. 1f Lender has waived the option to accelerate provided in this paragraph 17 and if Borrower's successor in interest has executed a writ- ten assumption agreement accepted in writing by Lender, bender shall release Borrower from all obligations under this iviorigage and sift- ~:vic. If Lender exercises ouch option to accelerate, Lender shat( rush Borrower notice of acceleration in aeeordance with paragraph 14 hereof. Such notice shall provide a I:eriori of not lea, than 3U days from the date the notice is mailed within which Borrower may pay the stuns declared due. If Borrower sails to pay such sums prior to the expiration of such period, Lender may without further notice or deutund on Borrower, irn•oke an}• remedies per- mitted by paragr-apti i8 hereof. tiox-L=xnFOxnt C'-ovt•:vns`rs. Borro:rer and 3,euder farther covenant anti agree a follows: T8. Acceleration; Remedies. Except as procirled in paragraph 17 hereof, upon Borrower= }+reaclr o env covenant or agreemene of Borrower in this Slartgagc, including the eocentutts w ps:• .+-hen due :any sums seeumd by this Jortgage, Lender prior to screlcration shall nail puttee to Burrower as luvvuied in paragraph 1~ hereof specifying: Ill the breach: t2t the action required to ewr such breach: 131 a~date. not lees that; thirty days trap [}te date the notice ie tuailed to Borrower, 6}• tahic•h such 6reaeh must be curcti}, and 14 ~ that failure to cure such breach on or before the date specified in the notice nury result is acceleration of rite runts _-ecured by this \Iortgagc: and sale of the Property. If the breach is not cured nu or before the data sprcified in the notice, bender at Lender's option urc}• declaur all of thc• sane seeurc•d by this Mortgage n, hr ttmnediatel}• due gad payable without further demand and ma}• foreclose this Mortgage by judicial proceeding- Lender shall he entitled to eotleet in such proceeding all expenses of htreclosure. including. but not limitr~i h., torts of doruutcntary evidence, abstracts and title reports. 13. Borrowers Right to Reinstate. \ohtithstuuchng Lender's ae•eclenuion ai the swne secumd h}• this ?vorgage, Borrower shall have the right to 6a:•i• gay lroceedings Ix gun 6}• I.endcr to enforce this Mortgage dis- continued at. any time prior to entry of a judgment enfo7•eing tlci~ \(ortgage if: sat [3orrower i?ays Lender all sums which would be then due under this Mortgage, the Note and notes scenting Future advances, ii any, had no acceleration occurred; ih) Borrower cures all breaches of nut other rovenunts or agreements of Borrower con- tained in this'.vIortgage; (c1 Borrower pays all reasonable cxpe•nses htcnrrecl ht Lender in enforcing the covenants and agreements of Borrower contained in this Mortgaage anti ut cv+foi•eing Lenricr's remedies as }a~tvideri in para- graph 18 hereof, including, bus not limited to, reusmrable attornr}~'> fees: and tdi Borrower takes such action as Lender may reasonably require to assure that the }ten of this \iortgage, Lender's interest in the Property and Borrower's obligation to pay the sums secured by this aortgagc shall eontinu{• unimpaired. Ltlwn such payment and cure 6y Borrower, this A3ortgage and the obligations secured hereby shall remain in full fmre and effect as if no acceleratinn had occurred. 2t1. As~gament of Rents; Appointment of Receiver; Lender in Possession. as additional security here- under, Borrower hereby assigns to Lender the rents of the Property. provided that Borrower shall, prior to acceler- ation under paragraph 1$ hernof or abandonment of the Property. have the right to collect and retain such rents as they become due and payable. Upon acceleration under paragraph 18 hereof or abandomnent of the Yro1?erh•, Lender. in person, by agent or by judicially appointed receiver shall be entitled to enter u}wit, take possessinn of and msnage the Property and to collect the rents of the Prnpet•ty, including those Asst doe. al} rc-pis col}ected by Lender or the reccivev shall be applied first to payment of the costs of management of the Propetty and collection of rents, including, but not limited to, receiver's fees, premiums on receiver; bonds and reasonable attorne}•'s fees.:urri then to the sums <ernred by this Martsage. Lender Hnd the receiver shall be liab{c to account onh• for those rents actually received.