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<br /> uz�t utC�srt! �a: � •k:y;tput�e tPsr +iue �latr fat titc ,ctnr�t 't ;lv sa; ;t ,el : � aa.: ni � .• 'rmrxt to s. , }::�r:sl'rapl�» 1 ;�ekd 2 k;rrrwat o�
<br /> kkauag� the nrr�trcant ai suciw la��tal.nz+�;�c� .
<br /> 10. 8orraw�r Not �lueasad. I°:xtexasiwi c�z ct��c umr iti7r � +.� ti�mei,Y ur ior�dific�c �un �,f a�r�orciz�ci�n ot t►�e su�sns
<br /> aa, ,��ret} by this ''�vlart�age gra.neeJ ixt� I .e� rrder tu un}- su��re.•_-or tx� inte; rcFRz c�i 33oruyu•er Mii�l! not vperate to relea�e,
<br /> iz� any nzanner. xhe liabilit�• of tls<a ori�a:in2 li�rro�c-er a��d Ii<xrrowrr '� ;uccG-xssor� i�i iuteaest. Lei:der shall not k�e
<br /> requireci tn cvmcz�enca �rrneeee3ic�g» uy;utnr,t �ue{c au��c+essor or rr�kssc tu extc�id zime ior payment or �tli+erwise modify
<br /> � �j a�cziartisataon ot ^the sun� szcc.�red i�,y tk�i4 \ f�arcgu�r i,iy- rc*�ou ctii cnn}- demw�sci rnade by tl�e ori�inul Borrower and
<br /> �v Barcvvrer's aueecssors in intenest.
<br /> � I1. Forbwtanca by Lsader Not a Waiv�r. ?,ny forhearmnce Dc Lender in exercising nny right or remedy
<br /> N hexeunder, or otiaerniae afforded by af��IicaFile iau-, shull not tie a �caiver of or preclude the exercise of an,y rigl�t
<br /> �; or remedy hereua�der. The procuremenc o£ insuraiyce or ti7e pu}-ment. oi tuxes or other liens or charges by Lender
<br /> +� stxall not be a w�aiver of Lender's right to acceIerate the maturity oi the indebtedness s�cured by t�is il7ortgage.
<br /> � IZ. l�medi�s Cumulatis+e- 31! remediea �roc��ded in tliis 1lortgage are distinct anc� cumulutive to nrs� atkser
<br /> right or remedy �anrier this \Eortgage or af€orded hk lau� oi ec�isitt-: and may- 1>e exereised eoncUrrently , indepen,d-
<br /> en#dys or sueceasi�ely:
<br /> 13. Sueceas+ors aad Assigas Bouad; Joiist and .Sevaral Liability; Capri.ons. - Z`he covenunts and agreements
<br /> hc-�rein eontained 9ha11 bind , na�d tl�e rights liereunaer shali inure to , tho respective successcirs and assYgns of Lender
<br /> ss�d Bnrrawer, eubject to ttie provisions of paragra�-rh Ii hereof: ?.11 cavenants and agreenaettts ai Borrower shal!
<br /> b� joinG und :;everal: The ca���ians snc! heactings oi the paragrsE�hs of ti� is 1Eortgage are �o: conveniance only and
<br /> �r+eaot°ta be used to interpret or define tSie �rovisioizs hereoi.
<br /> 14. No6ce. An,y natice #o Barrower provicicd sar in this _l:lcrrtgage �i�aPl l�c yiven 1�3� maiting sach natiee by
<br /> � , �- certified mrsil :�cidressad to Boerower at rt�e Prvpert.�� �lddres� �zate�i helo��� . excet�t, fvr sny notice required under ?
<br /> paErugraph -18 heaeof tp be given ta Borro�rer in ihe manner s�rescribeci by applicable l�,u�. :�ny noiice provided
<br /> fo� imthis lfortgageshall l>e cleemed io l�ace been g�ven to Borroti+ a• �elien {.� �en in tLe ibanner designsted here3n. '
<br /> > 15. : Uaiforaa Mortgage; Governiag Law: Sevezability. Tliis iorirl of ia�ortgage cotnbines uniform covenants
<br /> faanntional usc anc3 non-uniform covenants rvith lianiied varia.�ions l�,y jurisdiction to eonstiGute a uniform seeai-
<br /> , rity insLrument covering real property. This 3lortgage shail he gaverned by- the 1aw of the jarisdiGtion in whieh -
<br /> the Property is Iocated. In t�ie event that �ny pra��ision or r,tause of thi� lioi�tgage or the Note confticts with
<br /> a�plicable law, such conflici shall not affecl ot.�er 7�rovisions oi tl�is ltortga�e or tite Notie which can be given
<br /> ; ef'-tect without the conflicting �rovision , and to t.his end the provisions ai the \Iortgage and the ?�'ote are deelared ;
<br /> + to be severable. '
<br /> 36. Bonovicer's Copy. Bozrower anall be furnished a conformed copy o�f this i�tortgage ai� the time of exe�u-
<br /> ° tion or after recozciation ��ereof.
<br /> � 17. liansfer of ike Iyraperty; Assump�ion. Ii all or any �nrt of the Property or an interest thereia is sold _ �
<br /> �, , or trsnsferred 6y Iiorrower �v3thout Lender's prior �c ritten consent , excluding (a) the cre.atiou oi a lien or encum-
<br /> " brance subordinste tu this tiior4.gage, ( h ;i the ereatinn of c purchase :noney security ir.t�rz�t :or fiouseho4d �pp�i- �
<br /> an.ces; ( c) a tran�fer by de��ise, desceni or by operation of laic upon the der�t.Y� of a joint tenanc or {d J the grant of : ,'
<br /> any 3easehoM 3�rierest oi ffiree venrs or less not coniainiiia au opation io piirc�zse, Lender inay, ni Lender's optiarn, .
<br /> doclare sll the suaiLs se4ured by tliis Vlortgage io i3e imiuediatelc• due and Rayable. I_ender shail have veaived'. such
<br /> � ' o�tion to accelerate if, prior to thc st�le or iransier, LendeT aud the r>er�on to whom the 1'ropertv is to be sold or
<br /> transferred reaclx agreenzent i� zvriting tli:tt the credat af such �>erson ts satisi3ciory to Lender and thst the intzrest
<br /> ps.yable on the sums secured by this �Iorigage si�alk be aC cuci! rate as Lendar shall request,. Ii Lender has waived . �
<br /> ' ' th+eoption to accelerate provi�ed in ihis para�raph 37 and ii Borro���er's successor in interesthas executed a writ- '
<br /> ten assumption agreemeni aceeptea in �vriiing by I:es�der, Lencier shnii relesss� T3orrotiver izom rall obligations unr�+er
<br /> i thas ;viortgage anzi ihe ZvTote.
<br /> � If I.ender exercises sucli option to uccelerate, I.�nder shall :nai] Borrower notice of acceleration in nccordaace
<br /> . ; tivith j�aragraph I4 hereoi: Sucic no'ticc sEza13 provide a period of not ies� tl�a�i 30 da.ys from the date tihe not•ice is ` ;
<br /> ' maiied ;��itliin ,�v�ioh Borron�er anav p+sy ibc sums declared due. Ii T3orro��•c r fui1� io na�� such swns prior to tBe
<br /> ex�iirntion of �ur.li peciod, Lez3der tnay , �c-+ihout furcl�t:r notice or cle�nand oz= B'orro«•er, in�•oke any remedies per-
<br /> � ' angtted by puragr�phl8 hereoi:
<br /> � ; �'or-I1r.iFc�sac C'o� r.xa ��s. Borrowei• anc,� Leuder furtlier covenant znd acgree a: f'ollows :
<br /> � IB_ Acceleration. Remedies. �xcept iis {n•o1- ided in parszgi:qi3i 17 3tereof, upon Borro�� er's i�reacl� oi any
<br /> ' covenani or agreement of Borro�cer in tl� is �lori�;a�c, including tl�c covenanzs to pa,y �rJxeii dut; :any sums secured
<br /> � by tfiis �'Iortgage; Lencier Pri+or to ucce3ea•atio�r �l� al l ii�;iil nocicc Y.o Borro�ver as F�rovidce{ in tyara�r�pi� 14 laereof
<br /> ` s�.�ciiyin� _ il ) ihe brearh ; €2 ) the tict "son required to currsucl� brracli ; � 3i a datc , not less tl�an tl�irty� days
<br /> � frona tl�e date t}ze nolice is 3nailed to I3�i-c�o��•er . 1,}• �+��hich such i� re:teli ruiist t �c cuz�ed ; unc_3 (41 khat faiiure to curr.
<br /> " sucli bresch on t3r betore ttie d�te speciiaed in ti�e .sotice ivay z'esult in accelerntion of chcr suu�s seaured by t}ais
<br /> `"'' ? ' :�forLga�e xnd sale of the Yro��erty- If the I�rr,uch is ��ot cured on ar Irefore t}=c d��tc s{aecificd in tiie r.otice, Lender
<br /> ` at l,ender''s option aua�� deciare ult uf tho sun3s secured In this \lortK�ge to be. im�uc�c3iately due and pay�hle
<br /> � " r wi-t}sout further c�emsnd and xri�.y toreclo� tliis \Iortgage b� � ud ieial n.oceeding. Lender �lisll t�e entstled to collect
<br /> in such proceedsng _ull espersea of ioreclosurr. , includin�;. I�tx# not li �nited to, coets rsf docUmenC.ary r:vidence,
<br /> z Ab�traets and tit�e reports
<br /> ` 19. Bonowais Right to fieiusiate. :\`catwiih�tandivg T:ender's acceleration ot itae sun�� secured by this
<br /> ivlortgage, Bormwer shaii ltave #he riglit to have anti Proceedin�s i�egun by I.endei• to ezxforce this '�fortgage dis-
<br /> co,tinued at any tune prior �,o entry of a j �dgment enfvYring thi; �lartgagc if : � si Fiorrower pa,��s Lender all
<br /> ` sums which woulc3 be then due under ti�is �Iortga�;e, tlie ?vote <ind note� scci�ing Future �dvance,; ii any , had no
<br /> ac.ealer�#ion occurred ; (� j B€�rrow�er cure� ull breac:lie, uf auy� otlaer c�� eu:snas or• s�;ret..nenv� of Lo�ro4ver ccn-
<br /> � ta�ned� i±�� this blartesge ; ' (c ) � Borro�ver ��gys �ll re;�sc+niiblv e���en�r� inr�srre�� h�• l ��nc3c�r ire cn(orcing rl�e covenaisl� � � �
<br /> am� sgceentients of $orrower conlained in ttii� 11ort#;asge and iii ei3ioi•rinK L�nrlcr' : remecdies as ��rovided in E�sra-
<br /> � grsph 18 hereaf, including; but not liniitad t,o; reasos�a�le xttor:3e�* b iee_ ; z��*cl idl I3on-oaver iskes saich aciion as
<br /> LendeC rnay reasanably require to assuretiiat the lien of tiii� :�iartgnge , Lcrnder's interesi in the Properf,v and
<br /> � B�rrower's obligstion to }�ay the sums secured by t3ii= �1ort€a�_e �lia? 1 CUIItl31I3(' lFi]1I11�)A1T8(�. L�pon sucl� t�syment �p
<br /> an+d cure b_y Bomnwer, this ?1�or#gage anc3 thc aUli���ion: secureei l3ereb�• �h�sl re�risin in ;ull force and eRect as �f ; 3 � ,:�
<br /> no aeceFeracion hsd occurred. �ti-
<br /> 2U_ ' A.saigaanaai of Heats: Appoialment of Aeaceiver: Leader in Possessioa. .�� :sdditional stcnrity here- «., yr�
<br /> � umdez, Boraon�er �ereDysssigns ,to Lender tiie e-ent� csf tLe }'ro}�erc>• . ��rot°i<ie<i ttaat. Borro��- er shalt, prior to seceie3- ��g � . '
<br /> at�vn under paragraph 18 hex*eof or ai�aridonment; of the Propez-try, ha��e ihe right to eolle�ct and mts.in such rents n�hn�e'
<br /> � � �Y
<br /> , ; as they bevome d+ue snd pavable_ �
<br /> . . _ ^ s�..{ fr .y :::'j r 'i
<br /> L;Ernry acc:ei�xaLion zander jraru,graph 28 he,-eo; r�r al;undcinr.er.z c: :he Yrc;:c�t_ . L� ._,i_. , _ : , <,;.=o,; � b•• :�ge••t
<br /> ' az li;: jz:rl'acinll� ap;�. oiatcd re�ai��cr shs'..' he cr.zif2e� t� cr.tcr ;;;_,on . ts1:� pa_ se �ion e� ca-�d �uanane ci,r yr�i,t�rc�� •
<br /> anwd to cal3ect #lsae rents of t�e Propertv, ir,cludi.^.� �liose }>.asz c�ue_ .43! rcr.t� r,�lie<•cti:i h:- I,�a::ier or t}�e receiv�r µ :
<br /> slxalt be a��lied fsrstto psYxneut of the coa'ts of mxnagemens ai t-1�e Yroa�eny �nd cUl3retivai ot nnc. , incluc�ing. l�ut
<br /> nrsmt, lamit� #a,; rr�eiver's feeE;. premiurns on receiver'� �o�ul� ssnri reasonahle attornev 's irt�. x��d tfier3 to t.ize rvms
<br /> � secux�d by* this iV�lortgage. Lentiersnd ihe mceiti=er si;sail trc 1itt61Y Ic> aceouni c�nl�� ior tlio�e rencs actii�l}}� recei�-e�i .
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