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<br /> �� �zasG +�a[te�t1 c�s pr�oat�H�e c}x� �un c�;�t» �t ti��� urxyra� tl�l1' i :r,e:rf9a�trt-ni � tw-2�•rrct�i t.� ��r� g ��r^aMrs�EaXo� 1 :air� 'd, h�aeaeot ot
<br /> ` c�l�x:s�,e tb� uaxactie�rFt a�' ��Jx iQae�tiu�ens,�.
<br /> 1E1. Bpsro�w�srNot �aed. Isxt+ensiaxm r+3 tt�e tiirie i�rr ��n}�incist car moAi£irativa of a�r�orcizatiur� s�i the eutnx
<br /> c�reut+c�cl by this 3fart�age �zanteJ Uy I.eiedrs� trs nrxy �ua>r�e:�.or irx i�, ter�wc ot I]urroK �-r s6ai ! n�sc operm.te to release.
<br /> %n anv inatancz, t6e le�bilitti� ni tf�� nri�ir:ut liurrower un�9 f3c�rrc�acr w ..txccess,orr �r� intere�t. Leneler shali not be
<br /> r�uit�i tk estmrmae�e� 1�roct4eclings r��r►i:�st r�zx+l� »u�cec�:rr or rr =u.yo tc� �'-act�nd tir�e fc�r i�ayrnent oF utherwise znodiEy
<br /> � a�tuorti2atiac qf tlre atxnx� �cured kry tt�zs \Inrt�a�e l�y remsan oi xr��� riemnnd rnude by the ori�inal fiorrowrer and
<br /> '' � F3osr�uer'e suceesaore in intereat.
<br /> � � � lI. Facb�araocs by L�eadar Not Q Wa'sv�r. Any forbescrance by Lender in exereising any right or remedy
<br /> � - % �' i�erevr�der, or ot�erwitse nffcsrded by rippiicable lu�s, shall no� s.�e a �va.iver oi or precl��de the exercise of any right
<br /> i � or tetnedy ksereua�der. The �rocuremenG of insuranx:e �r tF�e pa.yrnent of taxes or other liens or charge5 by �.,ender '
<br /> ± � shaII tsotbe u waiver ot Leridet's right to nccelera.te the mnturiiy of the 'indebtedness secured :by this Mortguge.
<br /> :; E I2. Ramrdies CumuIative. All reznedies provided in ti�i� tiloct,gage are distinet and eumulative to an�r other
<br /> � � � right or reme�Ly �nder this Zlortgage or ;tffonle�l F�y In�v pr ec; uitp, and x�zity be exercised concunently, independ-
<br /> ? h ently ar succeesively:
<br /> ' , �I"'+� 13. Suceess�ora �d As�igne Bouad; Joiat and Several Laability; Captions. The covenantr and agreements '
<br /> d herein-contained shalt k�ind , anci t11e righatshereunder shall inure to, thc respeafive sur..eessors and assigns of �,ender
<br /> , ' , ' and Borrower, subject to the pruc�ieions crf paragrsph 17 fieriot: :113 sovenants und agreccnents Uf 33orrawer shali
<br /> � be jointand seceral : The crs3�tions �nd t �catlin� of ihe }�ara�r:�pl�s of rtiis \ Iort�age arc foi• eons•enienee �n3y and � ';
<br /> � are no� to be'used tcr iaterpret or define tlie provisians here�f.
<br /> � 24_ Nofice. Any notic� to $orrocver 7�rovicfeci for in this _iioitgage �ha11 hc gi��en by 'rsiuiiing sncii notice by
<br /> ` '. �; certifiet{ znsil udr3ressed to Bozrocver ut Llie Pray�ertv :ldclrc�, stateci }zciotiv, except toc flnv not�ice required under
<br /> �` paragr:�+ph l $ hereaf to be �;ir-en ta Borron•c�: in tdie mannei• ?rrescribc�i E>y� npplic�krle lutis. .�n� . notice provided
<br /> 7 !or in Lhis .lgortgage sha11 he cieernec� to 3i»:vc hcen ,nicen zo Borrou�cr wlzen �iven in t�ie manner c-lesignated herein.
<br /> � 2�: Un�#orm Mortgage: Governiag Law; Sev�erability. 'F'liis iornx of znortga�;e cnmbines uniform covenants
<br /> .` ; ' Cor nutapaal use �nd non-uniform covena«ts cviti� €imited variations hy jnristliction to constitute a unifann secn-
<br /> % ?;" rity instrument covering real property. 'This _ltortgage shall !ac governed by the la�v oi the jurisdiction in `qhich
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<br /> ' -'� ' the Prcipertv is locatecl. In the eti�ent ti�xt nny provisian or ciause of this ,l4ortgage or ihe liote conflicts Evith ' ' � "'
<br /> � ' app!ic�ble lativ, such con!3ic�: shnII not' affect otlier �rrovisions oi this .11ortgage or ihe Note whieh can be given '
<br /> ` ,';, .3 effect:wit�out tlie conRicting provision , 3nd to this encf tt�e provisions oi ilie �fort�age and t2ie 1Tote are declared
<br /> , ��, � to be seuea�able.
<br /> � 16:. Borrower'c Copy. $orrozver s�al! be f�rr_ ishec? 3 cen=o:med cop;� a; th:s 1lartgage at �he time of execu-
<br /> � tian or afEer reeordation hereof.
<br /> y, i !7_ Traasfsz of the FropeziyrAssux�nption. If a.11 or any part oi the Properiy ar an interest therein is sold '
<br /> + or tiransferred by Borrower �;rithout Lender's prior �vritten consent, excluding (aj the creation of a lien or encum-
<br /> -g .
<br /> F � 3 : brance suuordinaio io if�is VSortg� ge, ( b ) tlie crention of a rsurchuse iuoney security inierest for }iouseliold sppli- ' ri
<br /> d ;' aaces, �c) n iraasier by detiise, descent or by opera#ion of la«- upon the c3eath oi a ioint tensnt oF (d) the grant of i , , „
<br /> �� any leasehold interest of ;three years or less iiat cont�yining an aption to purohuse, Lender �nay, a� Lender's aption,
<br /> �s declsre all the sunis secured "s?y this l4origage to ba innnedixte2y ciue sud ��aynble: Lender shali haz�e. �vaived such ' ` ,
<br /> � option ao accelera.te ifF pr:ar io tlic sale eir t.rs:�s£er, Lender 'atic3 t iie person to ivhom the ProperLv is to be �oldl or ' "'
<br /> � transfe�•ed reaeli agreenient sn )vriting t17at ttte creriit oP such �icrson is satasfactaiy to Lender ' and tliat the interesi
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<br /> ' ; '€ payable an Ghe stunssecured Uy this llortgage shail lse at suc)i rntc as Lentler shall request: If Lender has w3ived `
<br /> , � the opE�un to aeeelerate �irouaded in tl�is ?�aragraph 17 and if BUrrower's successor in interest lias executed a writ-
<br /> , -; � ! ten assumption-agreement accepted in writin� Uy I.�nder; Lender shail releaseBorrower Srom alI obligaf.ions under `
<br /> � this Martgage anci the :*Iote.
<br /> � If .Lender exercises suclz option to accelerate; Lender shu31 �nuil Borrower notice of accelera,Gaon in uccordance , ' ;�
<br />� ,,, tirith p�ragrspti , l4herecf. Se:ch notice sF�all providc a pesiod u2 not icss tEian 30 da}•s irov� the ci�te tl�e notice is
<br /> � m�iled: within whialx 13orro�c� er tnay pay thc sunis declaxed due. If 33orro;i•er fails t.o pay �uch surns prior so the
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<br /> , , expirr�tzon of sucis period „ Lc-nderrria,y, c�-ithout iurtl7er nqtice or dexnand oa l3orro���e� , in�•oi:e any remedie.s per-
<br /> � initted i�Y Auragrer.ph I$ ]iereof. ;
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<br /> � � ' �'ov-U�rrao�nz GovE:��.�:•rs. B� ra•ower aind I�exider turtilrcr coi�enant anc3 ag•ree a� fo37o�ss :
<br /> ` ? 18_ Acceler�ztionrRemedies. Lxcz��t as �� s�o�'irled in -p:�raigr;t�ih 17 liereo2, u{ioi� 13orrq�cer's l�reael� af' any
<br /> a ; covenant ar agreenient ot Borrat-�r in tlais \Iort�a�e, inclutlin� tiie covenants to ��ay w}�en dae an�• sUms secured
<br /> = by tt:is ,llortgage, Lendcr pnor to xecel�;5•neion s3�ui1 uuiil-nucicc tu Borraci'rr us provideii in paragra��h 14 -I�ereof
<br /> �7 � s��ec3�3'�ng � � ( la � ti�e Ureach ; � 2 )�, t}ie :�ct�'son reqnSrc.-cl to cus�c nuch brea�c6 ; ' 1' 3i a � date, noi � �less �than fhirty � �days � � �
<br /> ' frani £hednte thc notice"is usailcii to I3orrolvcr, b1� �.�•hieli :ucli � �rci�i•h n�ust be c� red ; and f41 tha[ f'ailure io cure
<br /> � ' suah ,brxuch on or before Llre date: speci�ed in tire a�otiee roai• re�ult in accelei•atinn nf tiie ;;uru=. secm•ed bs this
<br /> � lfortga�e nnd sal� ot' t.he Pro+perty. If the brexclz i� not cureri or or k�eios•c thc dace sFreciiicd in t.t �c noiice, Lender
<br /> � „ , nt Lenc3er's optioa �i�u�� c�eclsce a11 caf the sums secured by cl�is \Lortgage to tie imxnediatcriv due and paya�le
<br /> _ � �sitho=�E- furttaer lemanii und anay f�reclose tl�i� Siorz�age t:ry � uc?ieiul proceeding: Lendet slia]( bc entiGled z.o e�lleci
<br /> , �j m Sttclt prooeedir:� alf expenses oi for� eslosure; inciuiling; }�ut nur hmited to , costs ot docunaenLan� evicicnce,
<br /> : - � nbstra.e�s and title regorts.
<br /> , � 19: Bomower's Right to Seinstate. lotx•itizstanding 7.ender's acc.eler:ttion �f ehe simis �ecured t�y this
<br /> � � ;�Iortgage, Borroa�er shall have the ri�fit to I�ave ara }� ' proceedinrs Iregun b�� i.encler tv enfarcc i}ii� ` \-iortgage dis-
<br /> z � `� cantinued �tt any time grior xo entry of a iudgment euforcing thi, _lIorigage if : (ai Borrower ��ays I�ender a13
<br /> 3 - aura� wi�icl� tvnuld be then dwe,under tliis 3iorcgnge_ Uu Diote :��d notes securin�; ,Futnre Ailvancee�, it anv ; kasd no
<br /> accelera:tionciecursed ; ( b '} B=orrow,er cur�s all t�rxa<•lre; oi an}- ochcr coti�r.n;ints or ugrec:nients of Borrower con-
<br /> t � i txined im t�is 31Lor�gage ;. (c � Borrower<pa,vs nl l rcra�onaUle Erxpersse: inc�urreai i�v l .ender in entorc•iare the <�ovE.nant�
<br /> , " undsgr�ecmet�ts of Bortower cont�;ineti ica tius \;orcr�a�;e anti ri� enforan� I.e.ider's rer_iecJies xs �srovided in ,�ara-
<br /> , grsph 18ttereaf; fcictuding, but nat limitcd to, rexasoai�iUlc attoanc�'e icc; : anc� isil Sorrorver tal;es such acGion as
<br /> ' Lendsr, anay Teaso�abl,v , requireto assur� t.hat tlne lieh oi thi:� \Iort�r��c , I,E:�ider's ir_cerest in it3e Propert,y anci
<br /> k � ; � Barroq•er'� ob3igatioa to }�ay the sums s��curnd by t.l»= liartga�e shail cot3tinue unin3paircd. i:?pon such j>avment
<br /> ;� � ' anc� cur� by Bqrro�wes, Lhis 1�ortgage and the obYi�sa.�ons .ecured ��rreby rhalf reanain in tu11 foree and effect as if � - �a '
<br /> „ ° "� no accsleta3ion #�d aecurced. „x „
<br /> = 2Q. Aseignmoat, oE .I�aals: Appoiurtxrseat of Raceiver: Lendez in Pos�essiarn. .�� sd�itional security 'nere- " . � �4
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<br /> ` � ,b "•• ' ander, $ormRcer here�y assigcss tq I.ender ilae rentw c�f tlie 1'ro{>ert�- , provideci thax Borroi+-er shx13, prior to acceter- � �" .
<br /> �e
<br /> T �� . ' stic3n uz�derp�srsgcapi� LS i�areo# or sbsctc�onment off the Pror�eray _ Lace c3i� rigltt to collect and retain such rents ,� �
<br /> se thep=t�eeome due ar�d pavable. � '.
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<br /> �� U n srrcelaez�stion nnder �ars h 18 h�srv�n# r?r afiyte��rTrrete+�nt nf thP 1'ronw�t • . � ,••ra*le. , i�i ;�r�,� , bti• "� "
<br /> c,, ,, � �° i �t' , } . m �er,t .
<br /> : .�,
<br /> oP i7� ;uadleiul�v x�+poin[�d re�ceiver s2isli �isa erzt�k.lrr� tc� rnter xee�ror� iake �rs+ti4Nc�:ioiv ot` and Snrir� HPe thY Pmr+rriv .� .
<br /> sx', , ° rind #.c.cy:+volNeGt �hue zents of �he �'mpesty, an,el�tdin� Ehose �si;T tiue. .4I1 ren:.s <•ol3ected I�v I,eixder or tt�c maeiver :��, -
<br /> shall be :�,pplied �i'�tto p�aysn�nt of the eosts of ananagement ot t]�e Psui�c�rtyand colleet,ic�n of renx �. ii�c;udiug. Uut
<br /> ° not limiteci to rece�iver's fees, premiums csn receiyer'� l,oixcis anci reaeonable atiorney '� ir,ee, xrid i`saen to xiie r>ua�Lti
<br /> nect�reti €�y th�e iulo�tgage, i�eraWder and the recciver :ak�s11 t�e liable to xccount oni�� ior ilaosc rentti artunllv recei��� d.
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