�
<br />�_�- ,:F.
<br /> Y,�„ $` C
<br />� � � . � . � . � . . .. � . . . . . . .. . . . . . � . . . . . �. � � � �� �� . � .
<br /> w�,_.._._ . . . .� . ,... �
<br /> �,' 4�i
<br /> noC extend or C7ost ;�one� the � due date oi Giie � mont�hly instnllments i�eferred Eo in puragraplzs ] r�nd 2 hereof or
<br /> chftnge the :imount of suc1Y instnllments.
<br /> 10. Borrower NofReleased. Extension of tl:e time for ps,ynient or modification of amortization of the sums
<br /> �ecured by t.his 1'Iortgage granted U,y Lender to anv successor in interest of Borrower sl�all not operate to release,
<br /> in any �naniier, the lialiilit,y of the ori�inal Borro���er anc� Borrower's Successors in int�;rest. 7.ender sha11 not be
<br /> �, required to commence �iroceedings nga�inst sucli successor or refuae to extend time for payment or otherwise modify
<br /> amortization of the sums secured Ly this llortgati�e 1 ��� rcasqn oi a��y demand made bv the original $orrower and
<br /> Borrower's suecessors in interest.
<br /> � I1. Forbearance, by Lender Not a Waiver. Any forbessrance by Lender in exercising any right or remedy
<br /> ' �- hereunder, or otl�ercvise affordecl by applieable la��; sliall �iot be a waiver of or preclude tlie exercise of any right
<br /> 7 C�j or reneedy hereunder. The procurement of insurance or tl�e payment uf taxes or other liens or charges by Lender
<br /> C� snall not be a waiver of Lender's right to accelerate the maturity of the ipdebtedness secured by this Mortgage.
<br /> C�':i Z2. Remedies Cumulative. AIl remedies F�rovidecl in f.his \Sorkgage are distinet and curnulative to any other
<br /> �' right or remedy under this �lortgage or affordecll>y la��• or equity, i�nd may be exercised r.oncurrently, independ-
<br /> .� �.."� ently or successively. -
<br /> 13. Successors and Assigns Bnund; Joint and Several Liability; Captions. The covenxnts and egreements
<br /> tiherein contained shall bind ; and t}ie i•igl�ts I�ereunder �liall inure to, the respeetive successm•s snd assigns of I.ender'
<br /> � und Borrower, subject to the provisions of piiragr:ipl� ] 7 hei•eof. :111 covenants and agrecuients of I3orrow�er shall
<br /> ; �e joint and several . The ca�'�taons and headings of the �aairagra��hs of tl�is \ Iort�;age are fm• eonvenience only snd
<br /> are not to be used to interpret or define tl�e provisiuns liereof.
<br /> ' 14. Notice. Any noticc ro Borro�aer ��ro�•ided f�r in tl�i, \tor[�;age shall bc gi��en by m� iGng such notice by
<br /> � cerf,ified maif addressed to 73orrotver at thc Proi�crfy Add� ese stafed beio«� , excepf for riny nofice requii•ed under
<br /> ��aragraph Io hereof to be given to Barro�ser in clie iu�tinncr pi•escril�ed by �ipplicablc lativ. Any notice procided
<br /> ' ior in this �lortgage sliall be deemed to l�avc h.>ecn gi�•en to I3oi•ro1��er �vhen givan in the inanner deeignated lierein.
<br /> ? I5, Uniform Moztgage; Governing Law; Severability. 'i'l�is fonn of n�origr�ge coinbines uniform covenants
<br /> for national use and non-uniform covensnts wi 'tli liinited vari�ttians by jurisdiction t.o constitute n uniform secu-
<br /> ' rity instrument covering renl property. This \fort.gage sha11 be govei•ned by the law of the jurisdiction in whieh
<br /> i tha Property is located. In tl�e e��ent 'that auy provision or clause of this hIortgage or the 1Vote conflicts with �,
<br /> applicable ]aw, sucli conflict sliall not sf�ect other provisions of tl�is �Iortguge or the Note �vhich can bc given <
<br /> effect without the conflicting provision, and to this end the piovisions of tlie �Iortgage and the Note are declared `
<br /> to be severable.
<br /> � 16. Bonower's Copy. Borrower shal] l.�e furnished �a conformed copv of this Afortgage at the time of execu- ; ,
<br /> , tion or after recordation liereof.
<br /> 17. Tzansfer of the Property; Assumption. Ii all or any parc of the Property or an interest tl�erein is sold
<br /> or transferred by Borrower �vithout Lender's prior written r.onsent, excluding (a ) t,he creation of a lien or encum-
<br /> brance subordinate to this Alor"tgage, � b ) the creution of ct purchase money security interest for l�ousehold appli-
<br /> ances, (c) a transfer by devise, descent or b,y operution ot la�ti• upon t.l�e deatl� of a joint tenairt or (d) the, grant of
<br /> any leasehold interest of tt�ree years or less not containing air option to purcl�ase, Lender mn,y , at Lender's option,
<br /> declare all the sums secured by ihis Mortgage to ue im�nedisstely due and payaUle. I:ender sl�all have waived such
<br /> option to acceleriate if, prior to che sale or transfer; Lender :iud thc per�on to whom the Pro��ert} is to be sold or
<br /> transferred reacli agreement in �ti�rit,in� that the credit of ,uch person is satisfactoiy to Lender and that the interest
<br /> payable on the sums secured by this \fortg3ge shall be at sucli ratc as Lender shall request,. If Lender has w�ived
<br /> y' the option to :accelerate provided in this pardg��ph 17 :�nd if Borrotivei's successor in interest has executed a writ-
<br /> � ten assumption agreement accepted in writing by Lender, Lender slixll release Borro�ser from sll obligations under
<br /> t.his Mortgage and the Note.
<br /> If Lender exercises suci� uption io accelerate, Lender shall enail }3urrower notice of acceleration in accordauce
<br /> ; witli paragraph 14 hereof. Sucli notice sl�all pro��idc: :� ��ei•iod of aut less t,lian 30 day� froin the date tlre notice is
<br /> mailed within which 13orrower ivay pay the sums declared due. If Borroi��er fails to pay sucl� �ums prior to the
<br /> expiration of such period , Lender may , �eithout furtl�er nokice or demtinci an I3'orromer, invol:e �ny remedies per-
<br /> mitted by paragraph 181iereof.
<br /> + �;ox-lTxiFoi3Nr (:ovr:xn:� xs. Borro�vei• ancl Lendei• furtl �er co��e�tant and a�rec> a � Yollo�vs :
<br /> ` 1$. Acceleration; Remedies. Except a� pro�•idcii in � uu•arr:i� �h 17 hercof , upon I3orro�der's breacli of :�ny
<br /> covenant or agreeinent of Borron�ci• in tl� i.� �ioi•t �;age , including tLc covenants io puy �ti�hen <lue any sums secureci
<br /> by tliis 1lortgage, Lendcr �vior to acceleration shatl uiuil notice tu I3orro�cer us ��rovided in paragrap6 14 liereof
<br /> s};ecifying : f. l ) the Ureac:i ; ( 2 ) the :tction required to cure such breach ; 13 ) u date , not less than thirty days
<br /> fm�n tl�e date the notice i� mailed to 13orron•cr, V �y �cliich :ucli I � rench � nust be cured ; and i41 that fail�re to cure
<br /> such breach on or before tl�e date specified iu thc notice �uay result in acceleiatian of tLe su�u� sccured by this -
<br /> \lortgage and sale af the Property. If the brexch is not cured or: or before. tl�e date s�?ecified in i.he notice , Lender
<br /> at Lender's option lnay declare xll of the sums secured by� thi� \Zortgagc to be immediately due and payable
<br /> without furthar demand and may� foreclose this \iortgnge i��� judicial �arocecdin�;. Lender shall be entitled to collect
<br /> in such proceedin� all expenses of foreclosw•c, incluilin�, hut not liinited to , costs of docuuient.ary evidence,
<br /> abstracts and title reports.
<br /> t9. Boaower's Right to Heinstate. \otw•itl»tanding Lender's accele.ra[ion of the suine �ecured b}� this
<br /> 9 Mortgage, Borrower shall have tlie right to hare sn,y ��ruceeding� hegun bv Lender io enforce this lfartgage dis-
<br /> r continued at any time prior to entry of a judgment enfoxcinF ; hi� \Ioriguge if : ( .x ) Bori•o�a•er pays Lender alf
<br /> + sums which would be then due under this ti4ortgngr, the I�'ote nnd nofes securing F'utin•e Ad��anccs, if any , had no
<br /> acceleration occurred ; ( b ) Borrower cures ull bre�ches of anp other co�•enants or a�reements of Borrower con-
<br /> tained in this Mortgage ; ( c ) Borrower payo all r•ensonuble ex��enses iucurred hp Len�ler in cnforcing tl�e co��enunts
<br /> snd a�reements of Borrower contained in thi, �IortRa�;e and in enforrin�; Lender'. re�nedie; .� � ��rovided in p2ra-
<br /> graph 18 hereof, including, but not ]imited to, reasonublc a�ttorney 's tee� : and id ) Borrower 2ak�s such actior, as
<br /> Lender may reasonably require to assure t6at tl�e lien of this \lortgage . I.endei'� inierest in the Property and
<br /> Bormwer's obligation to q�ay the sums secured b,y this \Tortgctgf� ���:�ll continuc unim�aired . Iipon ,uch pxyinent
<br /> and cure by Borrower, this A4ortgage and tl�e obligatio�is .ecured hcreby �ha]] retusin in full force and effect us ii x,�� . '' K �.� _
<br /> no acceleration had occurred.
<br /> 20. lisaignmeat of Rents; Appointment of Receiver; Lende: ia Possession. a, additionsl security here- � ✓ � �. � � '""
<br /> under, Borrower hereby asei�s to Lender tne rente oi 'tile Fropert ��, pro�•ided that 23oTro�rer shall , prior to acceler- "'�'
<br /> � ation under paragraph 18 hereof or abandonment of the Property , hace thc right to collect and retain such rents � �{t�
<br /> as they become due and paysole. ���� ',
<br /> Upo:: 'ecceleration underparagraph 18 hereof or sbandomnent of the Yro�iertp , I.ender, in ��erson, by agent '
<br /> or k�y judicislly appointed recei��er <hall }w enti#1�1 to ��nter �a;�on , take ;�o�se,�inn nf :�nri �n3nage thF Prnrerts - �
<br /> and t,o colleet [he rentE of the Pro��erty , includin� tlione paet due � 11 rent. colleeted hv Lender or the receiver
<br /> shall be applied first to payment of the costs of inanagemetit of the Property and collcction of rent;, including, but
<br /> not limlted to, receiver's fees, i�remiums on receiver's Uond� und reasonable :3ttorneys fees . and then to the sums
<br /> secured by this Mortgage. I.ender and the receiver sl�all bc liable to acr,ount only for those rent.s actuully received.
<br />$ �.;..��, � �
<br />�: � � � � � � � �
<br />, ' '
<br />��
<br />
|