|
, �s
<br />=�,_
<br /> �.
<br /> ' �:..:� i
<br /> �^ �
<br /> na�, �Letic# ar p�ostEwrse cl�e atue elwtc +�t �1��° rrioa[ P� fr• iii@r :iihnene. c.� ferred to iro psAra�;ru��}s�s t ani, :' tiereot or
<br /> ekis�nga t#ae arr�;ount nn aueh ir�s�siltrnent�,
<br /> 10. Bosrower No! Reloacsed, �:ztensior� ai thr tiKxtir !nr � �:aymrirs or ��uacl�tication o€ :urrurtizaeion nf the sums
<br /> secured by this �furt�mge grante�! Iz�r I,�ndce fu anp si.rcc:�„or .;n irrtcre.st c�f Bo;r�a-cr shal� not o�erate to release,
<br /> ia �tny niannt*n,' thc lisbilit} c�f ti;e flri�inul t3s�rmu•+er nncf }3o�ro<crr'�. �u9�cessr;r. in ic�terest. I.�nder shaEl not be
<br /> re�e�uired ta cornmeuee procaedings �pairest sucl� suce�s�or or :•er �tnc tci r-�Ytend time for �Ayment ar other�vise modify
<br /> � arrsortizatian af whe eums secuxed bq tl�i.y \�cercgage t�y rea.�su1� �'i arry� c3etr�nA uisi.ctc ta�• thc originaf I3otrovaer and �
<br /> � , � Ba3rower's auc�es�oru in iateresC.
<br /> � 11. Forbearaaee by I.ender Not a 'Waiver_ �1.ny f�rbeurance hsti^ i,�nder ii3 exercising a,my ri�ht or rsmedy
<br /> ; � hereutider, or atherwiRg a�fforded by apyalicuble lrs�v, Sha�l Frni lvc a wuiver of or Fareclude the exere.ise of any xight
<br /> or aemedy heretinder. 'Flie �rocurement af insursnce or the F�uvinent oC tz+:xes or other yiens ozr char�es by T�ender
<br /> " '�.� G ' sh�l! not be a *.vaiver ot L4ndc�r's rigtzt, #.4 accelernte the enaturity of the "snde�uedness sr,cucec� by this blortgage.
<br /> ti'� � i�. a�ea,e� e�,u�a�Ve. - Ail reEnedies pruvide�3 irk t?iis llort�age :}re distirxct �n�.t cumuta.tive to any other
<br /> "� � ri�rt or ren�eflgzun�er this tiloxtgage or nffor�9ec1 b�� l,i�v �rt• eqc�iky. 3nd m:�y be exercz�rd concurrc:ntly. independ-
<br /> , v � �nt2y or successively.
<br /> a 13, Succegsazs aad Assiyns, 8ound; Jeiat and 5everal Liability; Captiona. Tire cnvenzants and agreerx�rente %'
<br /> r
<br /> � herein contained Rhall bind� and the ri�hts i�ere�sneler ytiul � innre. to, ihe rc;pe�tivr. suecesaors :tn<i �ssi�us of Lender
<br /> `` ;� .Ynd 13pirawvr, sut�ject tn the �rovisions of �iezra�rap�� 17 4ierf.o, . A!I eovenants i�n�l agrcements of Borrower shall
<br /> f >'�" be 3oint and �+esr�;ral, The r,aptioi�s nn� }acndirigb of tl :c ��aet��rn�i6s of chiw 1(ort�;� �e arc for conveninnce anly and '
<br /> 3rs not to t� tt��ed to interpret or defne t�re ��ravi�ior�. hereaf.
<br /> s, 14. >Ploiice_ : :� ny rifltice to'F3orro�ver provic3ed £or �m cl�is �[artga�� s�zal}; bi� �xcen by irrailiug suelr notice by
<br /> T;� cextified axis�i! nciilr�ssed to 73orroGver :�t. t6e f'ropert� Ac#dress 4t�rt��d helo�c•; ��xce.pt •for nny no�iee rc�uireci under ` '`'
<br /> _� `para�r:i�h 18 Ziereof ta be �;iven - to F3oa-ro�i�er in the miu;ner ���eseribeci liy :1p��licable la��-. An�- notice provideil
<br /> ,� � f+�r 3n tl�is �1ott<�age si�all hc deeuzeci to iaacc been given to .Botrov:er wt•. en given ia tite manner designnted heseita,
<br /> i 15,` UaiforzrrMqrtgage; Governiag Law; Sevorability. 'L`Itis forrn uf niort�;.zge coml�ines uniform coveixants
<br /> , s �. . . . . . . � .
<br /> ,� for nationa.I use nnd nc�n-uniform cotienants �vdtlt lnnited c•ari:ciio.is b�� jurisciiction to coustitute � uniforrn secu-
<br /> , ;� ritg instiument covering reu3 property. �'his llortgage sh� ll bc governed 'ny the !a�c of tl�c, juri�diction in wl�ieh
<br /> = zhe Property is ,focnted. Tn the c�ent it�at uny pru�-ision or uiause ot this �lortgage or the �'ot,e eonflicts ' with
<br /> {" applicnble Yaw, ,suc}t conflict shatl hot .► fl'ect otlitr �r.�ovisia*�s of this _1Sortgage or the Nate �chic� r,nn E�e given
<br /> ;� effect without tlie confIictin6 provision, aiid to this end ti�e }aarovisions �f t.he �Iortgage nnci the IvTate are declared , `
<br /> ,"r�� , - to be severabie. '
<br /> R 16. Bozrovirer's Copy. Bnrrower slnnlLbe iurnis�ied a cnnt'ormed c�i�y nf th 'ss :�iK�rtgs�ge at the time of execu-
<br /> � tion. or after secordation hereof.
<br /> � 17. Tz�sfAr �f ti±e ?-o�rly; .4�su�ptian. Ii �:ii oi• any ,�nrt oi the Property or a.n intezest tlierein is sold '
<br />��' or tznnsferred by Boi�rower �z*ithout Len�er's prior written consent, excluding ta) t,f;e creation of z lien er aneum-
<br /> � brance suborciinate to thisl �'Iortgage, ( b � the r,reatinzi of ts ��urchase monev . security interesi, for household sppli-
<br /> ;�' ances, (c) z� tranefer by devise, deseent �a� uy orieration �f ia�ti• rt3�mi ihe desj.tti uf �, joint tenniit or (<t) the grantcaP
<br /> any leasehold interest oi three yenrs or lesa not rontaiining un option io nurchase, Lender may. at Lender's opbion, ` �
<br /> ' � decLare all the saams seauied i�y this Morc�age t� Lr. iF�nitaediuteis• ,due sencl payrcble_ T,�ncier slaali have �vaived such
<br /> , - .
<br /> opti.on to aceelerate it, pr��r to the s.�le or tr:� nsfer; Lender and thc person to wla�nY tlxc Property is � .e sold or
<br /> y� trausferred rettali agree�rierit in writing tlnut ihe credit of sucl� i�er�on is sut,isiactoey ta Lencier anci thnU .ee interest
<br /> �� ` paysble on the svms secure<l l�v this 1�Iorfgnge sta�ll l�c st sucfi �•atc as Lender sha11 request. If Ze.nder has �c aived
<br /> the c�pLion to ueeelerate provzded in tt�is g�arugrapl� 17 and if �ioi•rower'� successor in interest 133,s executed a �vrit-
<br /> '� ten assmnption agreement:accepted in rvriting b}r 7,encier, Leiide� hha11 relea.se Borrower from all ok��igations under ;
<br /> this ]Yfortgage and-the Note. , .
<br /> Tf Lender exercises sual� option io ucceler:ite, ;Lender shail-=_z�ailBUrrocver noiice oi acceleratiora izi necordauce
<br /> �vit,�a,puragraph -14 hereof:: �uctr iiotiee staali provic':c a period oi not le�s tktxiu 30 c�s,ys from the'- daie the notice ,is
<br /> inui3ed within w-i�iclr;Borrowei• �iiay �>ay the sums declru•ed duc:. It Borrots=er fails �o pay suc}: surs�s ,prior ' to the
<br /> expixation oi such period� Lender ' msy; �i�itl�out. furtl3er notic� or tlemalnd on ]3'orrower, invoke zny- remedies per-
<br /> ' ` initf.ed by paragzaph 18 hereof. ' ' , '
<br /> }- �ox-t;xt�orsai - C'ovr:rr�rTs. $ars��wei• axid ���ndei• i'urthei• c�rc-enxnt ancl ahree � s �'ollo�vc :
<br /> ;�i � � � � �
<br /> ��� 18. Accelezation; Remedies. ' ' L?.cepL ns � ai•o�'icied in ��arr, gr:y�6 17 dicrenf, uF�qti 13ormcvc:� 's bretich af ai�,y
<br /> �' cbvenantlor r��reenaent of $orra�+ er in this \fat�age . �ncicuiin� thr covc na��t� to Ixiy �rl�c:n duc any su�ns secvred
<br /> by tl�is 1lvrtga�e; Lci�cder In•iur lu accele��ntion slrall snail natice to Borro�rer u. procic�cri m �is�ra�xai�ly d4 I�escof
<br /> ;� specif,yin�;_ ( 1 ) the brez<.eh ; ( 'l ) tlse actioii irquireii ro cw�c aucl� fireacL ; 131' t datc, not Iess kl��n 4liirty da,ys
<br /> , fronzt.he dute thenotice i5 inailed Yo I36r��owci; fn• « lzich �acl , I� rc;lch iiiust bc cuicu ; .irni 14 ) t :utt liilin•c to eure
<br /> suckn breach on or b�fore ttie datc specilied in ilie nat.ir,e nray result in aseceleration oi Lliu .sum, sccured Uy xhis
<br /> :�lortga�;e ancl sz�le af the Property: If thc brcacli isuot cured or� or before Ehe date specihed in thc notice, Lender
<br /> � , cat I�eneler's opti�n msy deelarc n7I of tl�e suln, seeurecl l»� thss .�4ortKxge 'to be im�iaerliz�tetv ciu�e i�nci Crays.ble
<br /> y avitksout £urther, demanci ant9 anuy foreclo�e tlii� 11'nr��_igG f�y ji�dscial praceeding, Lender al�a]l k�e entiWeei to ooJiecC
<br /> in saich pzoceeding a!L esFaenses pf for� cl<>sure, inclu�liu�;, }�nt uot ]i �i�it �rd to; costs af documeiititrv evidence,
<br /> absiracts'and title report�:
<br /> ,a` 19. , :Borrow�r's RigEz: , to Reiaatate. .�atwit3ist�ndin� T�ezader's �,cce2eration at zlie suiYis �ecured b,y t1ai�
<br /> iVIor�gage, Borrow�er shall iiave the right �u huve any proceedin�s begun b,y- T.endcr co �its"orce L3iis \iortguge c�is-
<br /> h�; cont.3nued. at angr time prior to entry of n-jiidgu3ent entoXcin�; chis \1oi3gage i ( : 1al �3orrower prsys I.ender a!1
<br /> - � svms which vcou€tl be then due under this \lort��gt, t �zc Note an<.i iiotes seczarin�; Fiiture :�d�•anees, �i �ny, had no "
<br /> ,., .
<br /> s, siceeii�rataott cx;curred ; i1� j Borrower cure: a1C bre�acl � es of x�n�• mther co�•oraamtc ��i. parne��ient� af �areower - r,c,n-
<br />�.,� taine� in ihis blaarGgage ; (e) Sosroaver f�ays all ieasmz:361e ex}7a »�e� ii�curr�c# b}• i ender �n entnrcai�R ttie coveci3nts
<br />�f and a reements of $orroK•er eontained iee thi� \lori >:x � �
<br /> & }, �,e s�ari in �cnfui•rin� I.enil< r'� remect�es ras providerl in }3arit-
<br /> �� gra}a� i$ hereof, ineIuding, bux ,not limited t.o n .�sor,rxble aictr�3ue��'s tee a�xi � rl ) 13orroti+ er tr�kc � -ueh action as
<br /> v,�: Lenc�er may reasonably requise to ussure thst tije lien of fhi� �lort�a��;e, i.end�r � in�e� esi in tlie Yropea•ty a.nd
<br /> $ortwwet's obligation to pay Lhe sutns aecumii by thi� �Iort�;a�,r_ cli.sil continui° tniirn�aaircd. t'7�on �uch xiuyrnenL
<br /> � � snd eureby Borrower, t�is ,l7ortgnge xnd tlu oblig�tiau� ,ei� ure�i Iwreb�� .�lisll reuisiii ir full forco a.nd effucc a� if � ;.�i .
<br /> `� no a�ce3eratis�n had occurred. � ,�
<br /> �� ' �Q. Ase"sgasaneat ot Reat�; AppoiaLa3ent o4 �tec�iver; Lemc�,er in Passession. .as additionai �ecurity nese- K"
<br /> " ;; undu-3, $ort'ower �erehy sssigns Lo Lcnder tl�e rent�; uf � #ie Yrot>erry, �it•as-SricK3 thai �3arrotiv�»r �lixlt , rraor tc� ar.celer- i �
<br /> , �
<br /> «�� , �#Spcc uuder paragraph ,t8 :liereof or aba�donment af Ukte k'tr�pe3•Iy, i�ati�c tLs right to coilecx. nnci ret�in such rents J • �"�, �
<br /> ,� ss th�ey bect�ss�e d+ue sud pavsb�e. ` � '
<br /> � 'Upoti ti.c��elePaLiott uxadel• 9�aragrr���ii 181�e�Y�f ur slrun��ca��tu.eu�, oi thr� ,3'ro�w�Yti• : Lrn�9er, in ��ercnn; l�y xgeni � *•
<br /> ;c tir byn^ judici�ly a}ipoiuted reeeiver: sh�il ��r;entitied Go �;nter uf�on, take {x�seesioca ot �nd ma;u;�e t6r Property "
<br /> �€; arn� �a coll� tbye rents n£ -Lhe Property, �ncluda[�g tfiose ;aast dus: AI� x•e�zt� collect<-�d }ay I.cnder os tlie recei4=<a +� '
<br /> shsll he:applied �istto payxne�t pt t:he c:�si� of :na.nngament af tiaqk'ro�3erty and coItc�<•ti<m oI rc iau, , anrludinQ , l,�it
<br /> . ',;
<br /> nob 9i�mteti to, recetver"s iees, $�retnzuczas tran rece�ver's t�an�lr snd reusonxble xttorn�3- '� iees, iinci tdieri to t,he suu�s
<br /> �nr4sd,b3 tlais S�iorLgsg�e. Lenderand 't�ze rceeikea� sha4l Ix: lialrIe #u �xccouni a7nly for those rcnts ae# uallp nrceit•ed.
<br /> r
<br /> ' �'Mw1,�'. ._ . . . . , . . . . � � . � . 1��.. . . . . . . � � :
<br />� � � . . . . � . �
<br />
|