HomeMy WebLinkAbout0962 secured by this Mortgage granted by Lender to any successor
in interest of Borrower shall not operate to r-elease, in
any manner, the liability of the original Borrower and
Borrower's successors in interest. Lender shall not be
required to commence proceedings against such successor
or refuse to extend time tor payment or otnerwise ,«odify
amortization of the sums secured by this Mortgage by reason
~f any clem~nci made by the original Borrower and Borrower's .
successar5 in interest.
i n_ j.'QRRFARANC'~ Ry ~,ENDER NOT A WAIVER. Any
forbearance by Lender in exercising any right or remedy
hereunder, or otherwise afforded by applicable law, shall
not be a waiver of or preclude the exercise of any such
right or remedy. The procurement of insurance or the payment
of taxes or other liens or charges by Lender shall not
be a waiver of Lender's right to accelerate the maturity
of the indebtedness secured by this Mortgage.
11. REMEDIES CUMULATIVE. All remedies provided in
this Mortgage are distinct and cumulative to any other
right or remedy under this Mortgage or afforded by law
or equity, and may be exercised concurrently, independently
or successively.
12. SUCCESSORS AND ASSIGNS BOUND; CAPTIONS. The
covenants and agreements therein contained shall bind,
and the rights hereunder shall inure to, the respective
~ successors and assigns of Lender and Borrower. The captions
and headings of the paragraphs of this Mortgage are for
convenience onTy and are not to be used to interpret or
define the provisions hereof.
13. NOTICE. Except for any notice required under
applicable law to be given in another manner, (a) any notice
to Borrower provided for in this Mortgage shall be given
by mailing such notice by certified mail, return receipt
requested, addressed to Borrower at the Property Address
or at such other address as Borrower may designate by Notice
to Lender as provided herein, and (b) any notice to Lender
shall be given by certified mail, return receipt requested,
to Lender's address stated herein or to such other address
as Lender may designate by notice to Borrower as provided
herein. Any notice provided for in this Mortgage shall
be deemed to have been given to Borrower or Lender when
given in the mariner designated herein.
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~ 14. GOVERNING LAW; SEVERABILITY. This Mortgage shall
~ be governed by the laws of the State of Florida. In the ~
~ event that any provision or clause of this Mortgage or j
` the Note confli~ts with applicable law, such conflict shall ~
not affect other provisions of this Mortgage or the Note
which can be given effect without the conflicting provision, ,
and to this end the provisions of the Mortgage and the ~
Note are declared to be severable. ~
Borrower and Lender further covenant and agree as ~
follows : ~
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15. ACCELERATION; REMEDIES. UPON BORROWER'S BREACH !
OF ANY COVENANT OR AGREEMENT OF BORROWER IN THIS MORTGAGE, ~
~ ~
INCLUDING THE COVENANTS TO PAY WHEN PUE ANY SUMS SECURED
~ BY THIS MORTGAGE, LENDER PRIOR TO ACCELERATION SHALL MAIL
NOTICE TO BORROWER AS ~ROVIDED IN PARAGRAPH 13 HEREOF
SPECIFYING: (1) THE BREACH; (2) THE ACTION REQUIRED TO
CURE SUCH BREACH; (3) A DATE, NOT LESS THAN 30 DAYS FROM
THE DATE THE NOTICE IS MAILED TO BORROWER, BY WHICH SUCH ~
BREACH MUST BE CURED; AND (4) THAT FAII,URE TO CURE SUCH i
BREACH ON OR BEFORE THE DATE SPECIFIED IN THE NOTICE MAY
~ RESULT IN ACCELERATION OF THE SUMS SECURED BY THIS MORTGAGE,
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4 BO~K P~GE .~U~
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