|
i ., �`�
<br /> ,w,:;,�,
<br /> • •.��'- . . ..µ . +::r� .. �
<br /> z�oti exten3 or �so�tpone the 3ue �ate crr the mant liit in�t ;xll»>r�rt� referrerl to in px�r3graphs 1 :md `2 heseoi or
<br /> chan�e the an�oarttt af sueh inatnllments.
<br /> I0. Honawrer -Not Relec,sed. �xt�nsinn of th� timr. for �};�yn�ent c�r xnodification oi .�mortiaatiun of Ghe aums
<br /> ! seeux� by this liortgage granteet by Lender t4 an�v �u�ceasar in. interest-rat t3orrau�er shnli nc�t .bperste to releusea
<br /> � z , ie� ztny' �tran�7ex, #1�e listl�ilit?� of tl7e originnl $orrouv¢r und Be�rron�er':�: �u+ccessors in interest. T.ender xhnii. �ot 6e
<br /> , , j required fa� c�rt�mence �srae,rxcling� agai��sst suclY �uccea-sur ns re£u�4 t� ext�Xad Cime far pnyme»t os otherwisc rnadifyu. ,':
<br /> r„�, .. � antvrttzrstion uf �he aums secuzed k�y Glxi� \Iortgage- .by reas4n x�f ian� demand rnncie t3y the c�ri�inal $orrawer and
<br /> t'1 ' H � Borrn�veT's su+ecessoza�iri inr.�resE. , � � � � � �
<br /> k � � ,r;,,� � 1:, Fozbe+ss�r.�� . bg I.�rer :rrt m Waivwr. , .Aiiy inrbexs�nce ha t�r,�iPr, in �x�r�s;�g any right or remed�*
<br /> � ` � hereEz3rder, ar att�erwisa affvrcied by s��licabla law_ shnl ! not F�e w �vaivcr - of or �arecicade the exerciae af un�r right
<br /> ` � � `vx fer�edy hereu:�dea 'fhe �a�ocure:nent af Snsuranr.e caz• tlie f�:eyment oi ta,xes or otiier Iiens or chsrges b�r Lender
<br /> � i , sha�F stat he fl w�,iver of T.endor's righu ' to uccelerntc the maturity of the indebtedzres.�s secured b�•' this Mortgage. ` ,
<br /> `�
<br /> � '� " =12. Remadi�s �umuiatioe. Ait rernediea pirav3ded in tlirs. \3ortgage are distiirct �nd �;�smufstzve to anv oEher
<br /> ' r� � �f ztigh� vr reraecly andei this �Iortga�e ai- affordrel lac� l:�rr or anx3ic,y, anei �azap be ei�er<r3sed cot�cu�rently, indepena-
<br /> � ' � eritly'rrr suc+cessively. '
<br /> ' ; T3. : Successettrs and Xssigns Souad; Joiat aad 5everal L"aability: Captions. Th§e r.o�-enan�s nnd agree.ments
<br /> a herein canEained shall :Uinti, and the rigliLs hereunder sht�31 inrlrc to, t.lr� respeotive successors and nssigns of Lender �
<br /> t " ; �nd .Bqrrower; Stsbject;to the provisionit ot p�ra�ra{ah li hereof: :�li co��enuutG 3nd a�recnxents qf Barrower �laatI �
<br /> o� 's' k�e jciant etnd several. `Plie oaptions anc3 t:aitdin�s -rzf �lic �t�ra�ru��ls, oi ti�is l4ortgage �.re for- canveni0ne� crn}y' and
<br /> „ a are nat t.a bc useci to ii�ter�reL or defincr `the provisioias hereof. r
<br /> ` '"` � i 1tI. NoYiee. Any notiee to $orroH�er proi�idi ci ior in tkii, 11ort�a�e slYnll he gi�•en by n�nili�g such notice by �
<br /> , : '
<br /> �', � = certifieii anail ; e�ddreseeci to Borro�i�ar at tDe Pr�{�erG�• rlcidiesa stnted hcloc� , exce�at fos• ;any' notiec requiretl under . . '
<br /> , ,:� paragraph 28 hereoi tio be gi��en to i3orronrr in tlrc m:snner � ,arescribed t�y apr>lic�;bla� Inw:: :Anti� notice pri�vided
<br /> �- ., g forin xhis \Inrt�;ange sha31 be �ieemed to L*a��e been gz��cn 'to Borsrower tivhen' given iii tf�e manner c3esignsted Iicrein. � � ' '
<br /> ; € I5. Unifozm Mortgage; Governing Zaw; Severability: Tl�is iornz of uiortgage cornbines uniform covenants
<br /> t , for riational use �,ud nou-uniform covenants tviGh iirnited �'8F74T,I011S b� } urisdiction to r.onst,itute u iiniforrrs seou- � v `
<br /> � ,. i ; rity iastrument covering reai 'property: �`his \Ior:gage shatt 13e , governec3 �iy the tan^ �F the juri�diction in rrhich , �<
<br /> + � the P'�^+operty 'is lr�cated. ln �lie event i3zat any provision or ciac:se oi this 1lort,gage or the Note conflicts i�ith
<br /> ' � �; applicahle law, sc�ch 'conflici stinl] not af1'ect atF2er g�rovisions oi ihis liortgsge or the \'ote which cnn be given % , . ; ,,; , , , , `
<br /> � effect v�•ithout`the conHicting provision , and to tl�is �nd tl�e pro�%isions o2 ttae 1Tort�ag� and the 2Vote are declared +
<br /> ` � to be severable. ;
<br /> � v k . , � . � . �. . . . .. . . � . � . �. . � > �
<br /> I6: Bonowers Copy. Borrower chall be furnisheci a r.onEormed copy of this \iostgnge at t��e time of execu- ' '
<br /> Y � ' tion or after recordution hereof.
<br /> ' � 17. Tsaasfer of the Pro}�erty; Assumption. I3 all ur any ;iart of t.he Property or an interest therein is sold ,
<br /> r � or trsnsferredby 33orrocver �c ithout Lender's prior iY xiGfen consent, excluding ja ) the creation of a lien or enattm- o :
<br /> " a- � , branee suborctin�� fo this \�oitgage, (b) tha creation oi a #�urchase rnonev securit,y interest for }faasehold� 'appli- ' `
<br /> anees; {c) a transier by devise, descent or by operxiti+on ot ln�i• unon the dea�ii of a join� tenant or (d ) the �rai.nt of "
<br /> ti � � any lessehold intesest of three years ar lesa not conta.ining an option to pi� rchase, I:ender mrsy, at Lender's pption, r
<br /> �" dectare sll the.sutns seeureci bv this. :l�tortgage tti be aiiiii�ec4isstelY due tincl p:sya6le, Lezi�ier sha11 FYxtve fvaiued suc1� •, „•�. <
<br /> � , .� option to aceeleraze ii, prior r,o ;tl�e sale or transPer, �encler aeid flie person to w}ion� ttze Propert�- is to be sold or
<br /> �, ;
<br /> trnn�f�rred reuch .agreeinenc in writing tl�at the credic of sucli paerson is satis9actory to Lender and 115at the interest " . :
<br /> w . payst�3c on the susns seeured bp this \-ior�guge skialt i�e ai sucli r�te us I.ender s}iall request: If I:ender has ��aived
<br /> � ,^ � the option to scceFerate grovi�ed in this Faarxgrapia 1 �7 and if Borroa•er's suecessor in ir�:ieresb has execnf.ed a writ- "
<br /> � ten assa�mption ag�eem�nt a�ce};�ed in ticriting b,y- Lerader; I,encier shnll relea.se Borroa+�er fronz al1 obfigstions under , '
<br /> r this Maztgage and thc N'ote.
<br /> �a � ' I# Lender exexcises sucl� option to aaeelerate, Le�der,shail ±3�ai1 Borrower notice o€ acceiernt€un in accordauce s`" '
<br /> � + o �; � , �uv: t
<br /> t. tivi h ;,^.._r..g:s�.. 1 � her�. _ ., i not.icc si:sll provi�c � s;¢ziod ci ciot le�. ,1i.z�n 30 cla�es tratn thc caie.tt�e tto'tice is
<br /> 'x2 � niailed w-ithin u•hich Borrocvei• msy pny �he snins decl�i•ed duc�_ If 13arro�ver fzils to F�ay such �aiu�s< prior t,o Lhe
<br /> �' ,�� ; e�irA.tion o£ such period, Lender may; «-ithout furt}scr notice or rleuis�l8 on $'orroticer, invoke any remedies per-
<br /> � , , " mi$ted 3ay paragra�h 18 he:-eog. ;; ; ''
<br /> .
<br /> .y , e . : , ,
<br /> ' y ; ,.:;�
<br /> , a ' irTo:.-Z7NrmoArL CavExr,_:�n, Boi•ro��•er and Lenc3er f'ui•tlier cot-enunt and � gree as follat�=s :
<br /> i 1$_ Acceleration; Remedies. Exceg�t ;a� pro�•ided in pars�grapii i7 hareof. uixon 13urroti; er 'Y hre:ach of ' any
<br /> � , cavenax�t, or agTeer�ient af Borra:�•ex• in tla"s� \1�rt�;tagc , including xLe cov�narai�s to pt�y t�hen +;iiic an}� sums ,erured
<br /> z bq this \iortg�ge, Lender prior to ;sr.cele:-:�tiou sFiall mail npticc ta Sorro�ver :ts {�rovic:ed in ' ps�•r3qrttp2z 14 l�ereof
<br /> ` = ��>ecifying : {' 1) th� brexch : t2i the ncLion rcc�uired to cwr .uch brescL ; i31 a dnic, not 3es� tli�q thirG�� 'days
<br /> � r frona tEie date i}:e notice i� �x»iled to Bori•a�1�cr, lry- ���i �icl� gucit tirc:tch iiaust iw rured ; az�ci (4 i that failurc to cure
<br /> � � such bre�ch on' or before tlie +date s�ecified iiz the noticc inay result itt aceelersiitiTi of t.t�e �u1ns secured bv this
<br /> s� �4artgage and sale ot3he PxoF�erty. Ii the )�reacli is n�nt curec! on or before tl�c date ���acifi��i- in ihe notice, 'Lender
<br /> : nL Lendei•'s nption niay ciecla:rc al1 of tt�� sums sec�red 1ay tl�is 1lortgrsge to be iini22edintelS d�e ,tnri payablc
<br /> � , withaut furtherder�anci and raay foseetose tl�is �ir�rtgn�e k��• ji��iisial proceedns�:. Lender st3i�11 i�c esatitled ta 'co-llect
<br /> , � , : in such pmceeding all eaperases of iorecJosurc; inctuelin�; lzui not lirxyitcd tv; co�t� oi dacueueatary a��idenee;
<br /> , . : : abstracts snd title �•eports.
<br /> � 19. Borrowar`� Aight to Reinstate, ,`'e±u�ifli�t�ndinn L��ders :viceleration a; the su�u� �ecured by this
<br /> •' 3 ?Kortgage, Borrower sliail liave ilie rig1�G tv ha��e sny proceedin�: .be�un t>y Ler.cter io enforec t hi� 1lortgage dis-
<br /> � caritiuued at any time,priar to entry of fs judgmea�ti enfo�cin� this \iorfgage if : ( a ) �3orrou�er �nvs Lender all
<br /> ` � ' '`-`��T�?� -'�-''�"^�' `�^L'�i.'� ��'C '�}��'�1 vuc � '1u�cz iaiia. ��:aju1'�.(,�ti�*,� 1 �IC :l'OtC' .:illl_-7� 110GE3� SE�QifIIA� 1''LILilI'4', t'�pl'9UCf.�' �� 1I SIty �:.hSt1. II0
<br /> �CCCICIS.'�18J3 flEGII 3'.Cl � �. (:},)} .�(y7'fON2T C11i'f� d�� ��)1'P.tlC�lf'h' UI R11t' (7tI1Pl CUv'E`Tt3TitC qT 41�T]'PCiI]C[]t� t1f 13(?I'POWPT L'OI7- � � � �
<br /> ' � .. � � t83IICt� �::113 tjtt6 'S�02'tQ8Q0 � .. (C � ��91`7'(1tL'PT �R1�z �{� � TC81C�R _IEJ�(` C'�('`P!1i.f� ]PCll. :'L`f��' i11 J.l`i1c�C2" �71 a'/IiDI'illl� i.�1C �i7�'CTS.iil]f.J �
<br /> and s�reemen�s of �orrowes aontnined in �his '� Iortk� ge nnrl ii� Pnimcio �, Lenticr'x renx�edies .is �aroti�ided �m u3ra-
<br /> ,. .. _ --
<br /> > , . _...._,� . .,o � _,.<� < . . -
<br /> - - 6...ayaa.a.ca uoaciva� iii�.;itlult3}a*r iJUL RUL �IST1l1LCC2 IU� �7'e&3ti119.b1e $Tt01't1L�\'.�S 1CFS : ��[3f� fl'{ ) 1301'i'�C1WCI' tfl}C.P,S ..SL]ffl 8CL20I1 ��8S �
<br />�' Lender may reas,orasbly �
<br /> " , 'requare ta as.5um that the lien of tltis �Iortg;��;e, Lendcr's ir.i�eirst an the Property and s
<br /> i $orruw�r'a obliga#.i+ott ta pay i�e sums secured by zhi� 19c�rtg��e sliall ra�ztzs�ue unirn�asirecl; L'Pon such ps}�ment
<br /> r ' anc! cu�e by Borm�cerer, this ��orEgage and tlie ob3i�stious recured liereb�� �ha�l rern:ain in fu11 force and effeet aas if �ra� �.� ' ' ,, ��,,
<br /> ' no accel�eratioa had occurred_ ;;;� � ; � �. .
<br /> ; ?.t�. Asaignm�e�l ef Heats: A "
<br /> P��+�t oi Hac�ivec; :Lead�r ia Pcssessieu. �.s addiiionai �ecuritg� here- � �, �,� . .
<br /> � under,.$aortower �eaeby assi�nsto Lender t�e rents of �tl�e Froperr�,•. ��rocided tliat BorrosRer shali, }�sTior to aceeier-
<br /> , �
<br /> ?4 �� atitm uadezpsragzsph 18 }ae.re�f or abandcsnment o3 t��c Propertg-, hs�•e tlje rigt3t to col�ect und x�exain such rents � , v
<br /> �� as t3�ey;.Iaecome;due ,and Favabbe. ; ,<;
<br /> , � � � 'nr� :�
<br /> � : ���m accekez�.'�iva ;�zd� �r3gza��h 2�3 I�,creaz. s}s al,xiaduau��i�L; ui tiwr I?ru}�erty. I.ei�der, i�x }�erson; b1 a�enz r+ . ,
<br /> , M or �,v jcsr�ic�ally a��ointed mc�it^er sha13 'b: rnZit3r„� t� .,ea�..�.: z:;�c:n; ,ta.l.-� �.��.i�:�, :uf m.i�4 ir:mun��e �l�c 1'tvgn-riy : ;- ,<.,.
<br /> and tn..aao]te�et the r�ente ot #�ae .Property, :i�clufling, t��e�se lasat dwe. .all rents �,ollecter3 i>-�� 7.ender �or i.he receiver _�- 3 '- ,
<br /> � sfia21 b�e sp�iied :fi� to pa,y;nerrt of the cost� ef n�az+agemen# of the Ym�erty and coilection oi rent� _ includin�, ��ui
<br /> , , , noL IimiLecl t,o. r,ecei�ver's iees, t��aniums on recriver'� kan��il. arcri r�n<n�ahih wttnrne��'= {�•�e nn<! ?jien to !hc s�::n=
<br /> seeured 3�ry this A�ox��tgage Len�,et and the recei�er �1sa13 t�e ]iat�le t>o aceount rrnlr for 'tl;o,� rents z�et uail� recei ��ed .
<br />� � �_ , �
<br />�
<br /> E
<br /> C
<br /> F,
<br /> W i\
<br />
|