79006035 - Laserfiche WebLink

Browse

i not extend or I,tost-pane the due ,!laic of thee rnontdrly- instatl[mr~~nt~s referred to in pnragraprhs I and 2 hereof or change the atrtaunt of such installtmente- ttl. Borrower Not Released,.'. hx~tr,nsio~p of thpC time for f~sa,~^rYtents ar modific~ai[on of arnartizataon of the sums secured by this Mortgage granted by Lender to any successor in interest of Borrower shall not operate to release, Lr, in ary manner; tl:e ]lability of the original Borrower and Borrower's successors in interest. bender s::all not be required to commence proceedings against such successor or'refuse to extend time for payment or othernise modify Q amortizniion of the sums secured by this ~Iartgage by reason of any demand made by the original Borrower and Borrower's successors in interest. ~ I1. Forbeazcmce by Lender IQot a Waiver. Any forbearance by Lender in exercising an}• right or remedy hereunder, or otherwise afforded by applicable law, stall not be a waiver of or preclude the exercise of any right or remedy hereunder. The procurement of insurance or the payment of taxes or other liens or charges by Lender shall not he a tiraicer of Lender's right to accelerate t:he maturity of the indebtedness secured by this iVlortgage. 12. Remedies Cumulative. Ali remedies provided in this \iortgage are distinct and cumulative to any other right m• reriredy under this Mortgage ur afforrlcrl by law• or equnc, and mac be exercised concurrently, independ- ently or suctassively. 13. Successors and Assigas Bound: Joint and Several Liability; Captions. The covenants and agreements herein contained shalt bind; and the rights hereunder shall inure to, the respective auecessors and assigns of Lender and Eorrawer, subject to the provisions of 1>uragruph l7 hereof. All cn•euants unrl agreements of Borrower shall ,- be joint and se:reral. The captions and headings of the paragraphs of this \iortgage are for catrenience only and are not to be used to inttrprei or define the provisious hereof. 14. Notice. .1ny notice to Borrawer provided far in this \iortgage shall be given by mailing such notice b}• certified uuril addressed ra Burrowwr ut. the Property Address stated htlow•. except for un}• not-ice required under paragraph It3 hrreoi to be git-en to Borrower in the manner prescribed h}• al+plicable law. Any noticu proriderl for in this \iortgage sb;tll be deemed to beet been given to Borrowor• when given in the manner designated hers•ht. 15. Uniform Mortgage; Govetzrmg Law: Sevarability. 'Chic fora of nrortgagc cambines uniform eovenart4 for natianal use and non-utriform covenants with limited variations by jurisdiction to constitute a unitotm secu- rity instrument. covering real propert}•. This \iortgage shall ire: governed by the law of the jurisdiction in which the Property i~ located. In the event that. any provision or clause of this \iortgage or the Note canAicts with applicable !ass, -ucl: con[lici shah not affect ether provisions of this \iortgage or the Note which can be given effect. without riu• canfiicting provision, and to this end the provisions of theliortgage and the Note are declared to be severui;le. 16. Bnrrowei s Copy. Borrower shall he furnished a conformed copy of this \iortgage at the iitne of execu- tion or after retardation hereof. 17. Transfer of the Property; Assumption. If all or any part of the Property or an interest therein is sold or irausferred in- Borrower without Lender's prior written consent, excluding tat the creation of a lien or enuunt- brance subordinate to this 3tartgage. tbi the Creation of a purchase money secatrity interest far household appli- ances, tcI a transfer by devise, descent. or b}• operation of low- upon the death of a joint tenant or (dt the grant of any leasehold interest of three years or less not containing :tt: ol,tion to purthsce, Lender tray, at Lender's r}ptian, declare all the sums secured by this kiortgage to tae 7mtmtrliately due and payable- Lender shall }rave waived sur;h option to accelerate. ii, priar to the sale or transfer, Lender and the person to whom the Property is to 6C, aold or transferred reach agreement in writing that t-he crec[it of such persorr is satisfactory to Lender and that the interest payable on t};e sums secured tav this Mortgage shalt be at such rate as Lender ,halt request. If Lender has waived the option to aceeierute provided in this paragraph 17 and ii Borrower's successor in intetest has executed a writ- ten assmnption agreetnenc accepted in writing In> !.ender, Ifrtder steal[ release Barrow•er from ail obligations under this iViortgage and the Note. If Lender exercises such apeic;n to a;`ceter•ate, Larder steal= uati Borrawer notice of acceleration in accordance .vitlr ;-- r--graph i•i he~r.~at, ~~••[; :ot; ~ -~li t -c.,=1e a t~ri«x[ r=f t,at !€_s drat: o'ff clays it+atu tlye data Cite ncptiee is mailed within x•hich ttorrow.y ma}° par the -ant- det•isrrd due li Iiorruwer fails to p:ay strr•h sums lirior tP the axpirntiun of such period. Lender :uav, uiti.vut iut•th+•e notice nr +itrnaue,l an $orrower, in«°oke any rentedj'~hs°~ peo- rtsitted by paragru}rte 1K hCnY.f \rrx-i•titrru+st i'+++-t:xes~rs;. }3ur•ruwr•r trod Lr•nrict IttrLhet• ttn•t*iutnt :nid ugr«~e us t'ullraiv~ 18. Acceieratiaa; ~Ismedi~s- ~,~~>s .+- _,_ ,tom'.- _ ~r~r-q.', 1{ l:•.r~~, it,~n 13ortr,«v~r°',y c.rt:retz ir' a„~, tavemrnt or agreetnc,nt uS florn).ere err t[,;, ]lu, „ag+. ux-ludiug the trovrnanta tcz.puy,.U;lit;u rltte any stuns seCturd by this ~lortga~.« It i+r attar to ace warn .[+3H n.~€i notirx to'Berm t~~~ an pnt`esgrap6 13 itcreoi specifrrt,g: :11 ter i,+::, ~: r1~ she .,+~hon ,u~urrr~! ru +urc each l+r~cL, f~~"-tt~iatr. rtatL~lr-~s~tban it,irtv dav.4 ircuu the date Cho nithc+~ ;- i,~~a,l+••I tr, livnoacr. Cn v Inch ~u+~i, hnwCh tuns[ be cil~rlii•`hnti~, t~)-that ;:xiim~o to ,•ure such breach an or briorc ti:€~ duty sper•-tint ru th._• not:re nrsy s€~ult m acreif ration~uf the• sums ~e~esrro[ by this ilurtgagc and sale of tilt }':oprrt}'- Ii the breaeii r~ eat cure+l rn ar ha(urr• th•• dart spetilicd iw the not,c+~, !.under at Lcnder'r: optic+n o,ay dec[aec ail of the ~uut, .rrttrcul by truce 'vlortySage to be imme,liatei}° due azid payable without f„rtber demand and ma}- ioreciost this SI+.,rtgt.gr i,y i_u+i:etal _nr~er•diu€:- Lender-:hall i>c etttxtl,v[ tq s^«zl}crt in such I,r+n•a•<vtiny, ail osprnses ai inrzclo,irr. ,ncio~irug. Cwt not Inutte~i to rvx*-;ts at +locutncrntsrr :~, uicnr,•, ubserncts and tiih• reporec. 18. Borroweia flight to Reittrtate, kotwrthstaudtng Lender's accelerauon of the saute sceumd b}• this ;liardgage, Barrttwa•r shall ha:°e th{; right r,o hart= any I;roer~itnt~s tnt;nn b}° I .•ndcrr to r-nfirt•tc this lioztgngr dis= ernntiriued at any time pr[ar to entry of a judgment cnio7v;ink this liertgaFe tf; tat Borrower pays Fender all summa which would be Chen due under this \iortgage, the kale and notes seCUriug F=nture a<d+anee-, iI any, had no acceleration occurred; the Burrower cures all breaches of auy ether tmenants ar arrn~ntents of harrower con- tained iu this :lfortgage; tc) Harrower pays ail rrasonat>ic extk•t+~es inrtrrr«41 by !.cult«•r in ~stiorcinR the covenants and agreements of Barnrwer contained in thin Slortgage and an eniarerng I~~re€trr's rent«=firs ss pravideti m pare- grap[, IEi hereof, including, bat not limited to, nasonata[e attorney lee:: -eta t ? el E Burrower take;. such nctiott as I.endrsr may reasonably require to assure that the lien ai this ~furtgagc I+=ndtr's ir+.terest in the Property and Bortower's obligation to pay the sums st~rured by thisliartgagr +lutll tontnrue unitnpainvi. lrtarm such pnyntent and sure by Borrower, this Mortgage and the obligations secured hereby shall rvamain in ful! force and effect as if no acceleration had occurred. Z0. Artargara~nt of 1~rwda: Appelntm+~t of H~csiver: Loader in Poeaelaiaa. As additional securit,v here- under, Borrower hereby assigns to Lender the rents of the Property, provided that Borrower s}talt. prior to aceeler- 'at3on under paragraph IS hereof or abandonment of the Property, have the right to collect and retain such rants as they become due and payable. i7pon acceleration under paragrarplt 28 hereof or abandonment of the Property, Lender, in ixrson, h}• agent. or by judicially appointed receiver-shall he dntiited to enter upon, take possessiat of and manage the Property and to colleot the rents of the Properi), including these past. due. All rent? callerted i,c Lender or the receiver shall be applied first to payment of the rrosts of management of the Property and collection of rents, includriing, but not 1[mited to, receiver's feet; premiutras on receiver's bends anti rcasonabte aitorney•s teas, and thin to the sums secured by this Mortgage. Lender and the receiver shall he liable to accamt Dolt tar '::ose rents achtally received.