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<br /> � not oxtend or ��ost.pone � the tiue date oi the mmitl� ly iustatflia�ents rePerred to in paragrai,>I�s I und 2 hereof or �
<br /> change tlie aniount of siicl� installments.
<br /> 10. Borrower Not Released. �xtension of the tirne for pa,yiuent or modific�tion of aiuortization of the sums
<br /> secured by this �4ortgage granted by i.euder to i;ny successoi• in interest of Borrower shall not operate to release,
<br /> in any manner, tGe lixUility of the original I3orrocver szrd Bors•o:ve�'s sucees�ors iii iiiierest. Lender shall not be
<br /> required to commence proceedings against such suceessor m• refusc to extend time for psyment or othenvise modify
<br /> ` amortization of the sun�s secured by thi� llortgage b}� a•eason of .iny c3emand �nacle by tlte original Borrower and
<br /> Borrower's auccessors in interest.
<br /> � 1 L Forbearance by Lene�sr �?o! c ::'c:ver. ?rny torbearanee by Lender in exercising any right ur remedy
<br /> hereunder, or othecwise afforded by aiiplicable law, shall nut be a wai✓er of or preclude the exercise of any right
<br /> or remedy hereunder. The pT•ocurement of insurance or the payruent oF taxes or otlier liens or charges by Lender
<br /> ` shall not be a �vaiver of Lender's rigl�t to accelerate the h�aturity o£ the indebtedness secured l�y this Mortgage.
<br /> � 12. Remedies Cumulative. All remedies provided in tl�is \lortgage nre distinct and cumulative to any other
<br /> ? ` � right or remedy under t.his llortgage oi• affordec! bv la«• oi• cqiaity, and mr�y be exercised concurrently, independ-
<br /> � �ya ently or successively.
<br /> `. � 13. Successors and Assigns Bound; Joint and Several Liability; Captions. Tl�e covenante and agreements
<br /> ,� herein contained shall bind, and the rights I�ereunder �hall inti� re to, the respectivc successors ax:d assignS of Lender
<br /> �,� and Borrower, suUject io the provisions of paragraph 17 hereof. All covenants unci agrecments of Borrower shall
<br /> r � , be joint �nd severul . The captions anci headings of t.Lc paragra��hs of this \lortgage are for convenience only and
<br /> ; are not to be used to interpret or define the Iirovisions liereof.
<br /> }; � 14. Nolice. Any notice t� I3orrower provitled for in tltix \Ior•tgage sh:t11 be gi��en by muiting such notice by
<br /> + :� certified mail uddressed to Borrower at thc: Property address stuter.l bclo��� , eYcept 1'or uny notice required under
<br /> �� Paragraph 18 hereof to bc given to Borrow•er iu the manncr prescriber,� l�y � pF�licnble law.� Any notice provided� �
<br /> for in this �Iortgage shall be deemed to ha�•c been given to I3orro�;�er «•hen gicen in ttie manner designated herein.
<br /> 15. Uniform Mortgage; Goveming Law; Severability. 'This form af mortgage combines uniform cor•enants
<br /> for national use and non-uniform covenants with ] imited �•ariltions by jurisd•;ct.ion to constitute a uniform secu-
<br /> rity instrument covering reul pi•operty. Tliis \ Ioi•tgage shall hc governeci by the ]a��� of tl�e jurisdiction in �vhich
<br /> � the Property is located . In the event that any provision m� clause of this \Iortguge or the Note conflicts witlr
<br /> applicable law, such conflict shall not affect otl�er pro��isions of this \ Iortgage or the Note which can be given
<br /> effect without tiie conflicting provision , and to this end tdie provisions of the �fortgage and the Note are declared
<br /> to be severable.
<br /> 16. Bonower's Copy. Borrower shall be furnished a conforined copy of this \lorigage at the time of execu-
<br /> tion or after recordation l�ereof.
<br /> " 17. Transfer of the Property; Assumption. If all or any part of the Property or an interest therein is sold
<br /> or transferred by Borrower without I.ender's prior written consent, excluding (a ) the creation of a lien or encum-
<br /> brance subordinate to this �7ortgage, ( b ) the creation of x purch�se money security interest for household appli-
<br /> u ' uilces, (c) a transfer by devise, descent or by operation of ]a�v upon tlie deat.h of a joint tenant or (d) the, grant of
<br /> any leasehold interest of three years or less not containing an option to I�urchase , Lender may , at Lender's option,
<br /> declare all the sums secured by this �lortgage io bc itnmediatcly due and payable. Lender shatl hnve waived such
<br /> ' option to accelerate if, prior to the s�le or transfer, Lender snd the person to whom the Property is to be sold or }
<br /> � transferred reacl� agreement in writing tl�at the credit of sucli person is satisiactory to Lender and that the interest
<br /> paysble on the sums secured by fhis ��fortgage sl�all be at sucli ratc as Lender shall request_ If Lender has waived
<br /> ; the option to accelerate provided in this parxgrapl� 17 and if Borrower's successor in interest has executed a writ-
<br /> 's ten assumption agreement accepted in tivriting by T.ender, Lender shall release Borrower from all obligations under
<br /> � this Mortgage and the Note.
<br /> ; If Lender exercises such option to accelerate, Lender sha11 mai! Borrower notice of acceleration in accordance
<br /> witii paragraph 14 hereoS. Sucli notice sliall provide a period of not less tliun 30 duys from the date. the notice is
<br /> mailed �sitl�in which Borro�ver may pay tl�e sums declared due. Ii 13orrower fails to pay such sums prior to the
<br /> expiration of such period , Lender may , �vitl�out fnrther notice or clemand on B'orrower, invoke uny remedies per-
<br /> mitted by paragraph 18 hereof.
<br /> Nox-LixiFoa.M Cov�xnrTs. Borrowe �� and L�ndci• furtl�er covenant aud ag•ree ati follows :
<br /> 18. Acceleration; Remedies. Except as pro�•ided in � �aragr;i��6 17 hereof, upon Borrower's breach of any
<br /> covenant or sgreement of Borro«•er in tl�is �lortg.age , iucludiiig tl �c covenants to pay ��•hen due any swns secured
<br /> by this �lortgage, Lender ��rior to acceleration sl�all mail notice to I3orro�vcr as �n•ovideci in paragra��l� 14 hereof
<br /> specifying : ( 1 ) ilie breacl� ; (2) tl�e xction mquired to cw�c � .,ucli breach ; ( 3 ) a date, not less tl�an thirty days �
<br /> fran the date the notice i, mailed to I3orro��-cr, by� ��� l� icl� such bre:ieh � uust bc i•ured ; and ( 41 that Failw�c to cw•e
<br /> such breach on oi• before tl�e date specified iii tlie notice inxy i•esult in acceleration of tlre suu�s secured by this
<br /> '�lortga�e and sale of the Property. Zf the breacli is not cm•rd ot: or before the date specified in tl�e noti�e, Lender
<br /> at Lender's option may declare ull of the smns secured by this Jlortgage to ht: immediatel,v ��ue anct payable
<br /> without further detnand and �nay foreclose tliis \'forkg:age by .judiciul proceeding. Lender sl�all he entitled to collect
<br /> in such proceedin� all expenses of foreclosui•e , incluQing, biit not li�nited to , costs of docuinentary evidence,
<br /> abstracts and title reports.
<br /> 19. Boaowat's Riqht to Reinstate. Notwith;tanding I,endei's acceleration of the sutns secured by this
<br /> Mortgage, Borrower shall have tlie right to ha��e any Proceedings begun b�• ] ,ender to eiiforce this �Iortgage dis-
<br /> continued at any time yrior to entry of a jud�ment enfqxcing tliis 1lortga�e if : ftti Borro�ver pays Lender all
<br /> sums which would be then due under this ltortgii�;e, the ?Vote and notes securing F'uturc Ad��ances, if any, had no
<br /> acceleration occurred ; (b ) Borrower cures all bressche. of am- other covenants or a�ree�nents of Borrower con-
<br /> tained in this Mortgage ; (c) Borrower pays all reasonablc expenses incurred by Lender in �niorciug the covenants
<br /> ar.d agracments of Borrok-er caitained i ❑ this \{m�tg:�ge anci in enrorcink I ,endcr ', remedies ns provi<{ed in p� ra-
<br /> graph 18 hereof, including, but not ]imited to, reasonable attornev '; [ee� : and ( d ) Borrower takes such action as
<br /> Lender may reasonably require to assure that the lien of this 1lortgage, Lender's interest iu the Property and
<br /> Borrower's obligation to pay the sums secured by t:t� i: \Im•tgage �hall continue unimp�ired . Upon such payment
<br /> and cure by Borrower, this DZortgage and the obligst.ion, ,ecured ]�ereby sl�all remain in fuil force and effect as if ;*,
<br /> no aceeleration had occurred.
<br /> 20. Xesi �y .:� "
<br /> gaasent of Rents; Appointment of Raceiver; Lender in Possession. As 3dditional security here- R '
<br /> under,Borrower hereby assignsto Lender tlie rents of thc Propert}•,`pro�-ic3ed tl»,t Borrower shall , prior to acceler- � x`.
<br /> � ation under paragraph 1S hereof br abandoninent of the Pro�>erty, havc the rigl�t to collect ancl retain such rents �, -
<br /> as they become due and payable. •, ,��,`°
<br /> Upon acceleration under paragrapl� 18 hereof or shandonmenk of the Yroperty: Lender: in nerson . Uy agent '
<br /> ur uy jud9cisUy appointed receiver shali be entitled to enter upon , take possession ot ancl �nunaKe the ProF�ert}�
<br /> , aud t,o uUllect itie rents of tlie Properiy; including those tiast due. A11 rents colleoted bv Lender or tlic receiver ��-
<br /> shall be applied first to payment of the costs of management of the Pioperty� and collection of rents, including, but
<br /> not limited to, receiver's fees, premium, on receiver's bond� snd reasonable attorne� 's fees . x�nd then to t.he sums
<br /> secumd by this Agortgagc. I_cnder and the rec,ciG•cr sl�u] 1 ],e IiuLt� lu nccuwit a,l,v ior ihose rents actually recei�•eci .
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