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<br /> xiot extend or �>ost.pone the due clate. uf the' montlily in,inllments refcrrecl to in paragrapl�s 1 and 2 hereof or
<br /> change the -amount of such- instaliinents:
<br /> " l0: Boaower Not Released. �xtension of t.he time for p.�,vment oi• modification of amort.ization of the sums
<br /> secvred by this Mortgage giauted Uti� I:ender to anv successor in interest of Borrower sh311 not .operute to release ,
<br /> � in' any nianner, t1�e liability of fl�e original Borro�+•er and I3oriro�ver's successors i�i interest. Lender shall not be
<br /> required to commence i�roceedings against such successor or refuse to extend time forpayment or other�vise modify
<br /> ais�octization of tl�e sun�s secured by tl�is \lortgage bv reason of :� nc demand made by the original Sorrower and
<br /> r ; Borrower's successors in interesf.
<br /> 11. Forbearance by Lender Not a Waiver. Apy forbearance by T.ender in exercising any right or remedy
<br /> hereunder, or otlier�vise afforded , by 2pplicable I�.«�, sl�all not be a w-ni�er of or preclude the exercise of any right
<br /> ' ' a� , or remedy l�ereunder. The procurement of insurance or the �>ayment of taxes or otl�er liens or charges by Lender
<br /> �,a shall `not be a wuiver of Lender's rightto accelerate the maturiiy of the indebtedness secured by this Mortgage.
<br /> t �..� 12. Remedies Cumulative. All remedies provided in t.iiis \fortgage are distinet and cumulative to any other
<br /> �' ; r,,., right 'oi• rernedy under this \Iortgage or affordecl h,y la�v or equity , and ui�y be exercised concurrently, independ-
<br /> �; ently or successively. '
<br /> 13. Suecessors cmd Assigns Bound; Joint and Several Liability; Captions. The coeenants and ssgreements
<br /> "" herein contained shalb bind; and the rigl�ts hereunder shall inUf•e to, thc respecticc successors and assigns of Lender '
<br /> � �nd Borrower, subject to the provisions of pnragi•:ipli ] 7 hereof. :111 covenants and agreements of Borro�i�er stiall
<br /> � ~` be � �oint and severaL The css tions and heeidin � of tl�e �ara ra 'ihs of this \Tort =a e are for com�enience onl and �
<br /> ` . � ��.;, ) P �� 1 6' 1 b � Y � ', °
<br /> i are not to be used to interpret or define tlie provisioris hereoL � `
<br /> : 14r Notice. " Any notice to Bon•o�ver �>rorided fa• in tl�is \Iortgage shall bc gi��en Uy tnuiling such notice by
<br /> ' certified inail addressed to Borrower :� t thc Property Addrea, statecl belo�i�, except for uny notice required under
<br /> � paragr�ph 18 liereot to be given to Borro�ti-er iii the mzmier �irescribed by applical>le la���. Any notice provided
<br /> 5' for in tl�is llortgage chall be deemed to have becn Ri��en to Sorrower �i- hen given in llie manner designated herein .
<br /> ' 15, Unifozm Mortgage; Governing Law; Severability. '1'his foi•m ot rnortgage combines uniform covenants
<br /> 4 for national use and non-uniform covenants �vitli lirvited variations by jurisdiction to constitute a uniform secu-
<br /> ? rity instrument covering real property. Thi; \iortgage shall l�e governed by the la�v of the. jurisdiction in which
<br /> the Property is locntec3. In the event that zny provision ox• clausc of tl�is D4ortgage or the Note conflicts with
<br /> applicuble law, such conflict shall not affect otlier provisions of tl�is _ll:ortgage or the Note whicl� can be given
<br /> j effeet without tl�e conHicting provision , and to this end the provisions of the �lortgage and the Note are declared
<br /> to be severable.
<br /> i ` 16. Bonower's Copy. I3orrower shaR bc Surnisl�ed a conformed copy of this �'Iortgage at the time of execu- � :
<br /> � ; tion or after recordatiou hereof. ' '
<br /> + 17. Traasfer of the Pzoperty; Assumption. If :all or any part, of t6e Property or an interest therein is sold
<br /> � or transferred by J3orrower without Lender's prior written consent., excluding (a ) the creation of a lien or encum-
<br /> i brance subordinate to this �-lortgage, ( b ) the cre3tion of a purcliase money security interest for household appli-
<br /> � ances, (c) a transfer by devise, descent or b,y operation of la��� upon tl�e death of a joint t,enant or (d ) tl�e grant of
<br /> � any leasehold interest of three years or less not containing an option to purchase, Lender may, at Lender's option,
<br /> declare all the sums secured by this Mortgage to be immediately due and payable. Lender shall have waived such
<br /> option to xccelerate if, prior to tl�e sale or trnnsfer, Lender and tl�e person to �vhom the Property is to be sold or '
<br /> transferreci reac$ agreemeni in writing that tl�e credit of sucli person ie satisfactory to I�ender snd tl�at the interest
<br /> payable'on the sums secured by this \'iortgage shall be at such rate �.s I.ender shall request. Ii Lender has waived
<br /> � the option to accelerate provided in this paragrapL 17 :�nd if Fiorrower's �uccessor in interest has executed a writ-
<br /> � .? ten assumption agreement accepted in �vriting U,y I.ender, Lender shall release BorroH•er from all obligations under
<br /> ? this Mortgage and the Note.
<br /> � If Lender exercises sucl� option to aceelerate, Lender shall !nail Borrower notice of acceleration in accordance v
<br /> with paragraph 14 hereof. Such notice st�all provide a period of not less than 30 days from the date the notice is
<br /> ,� � � � inailed �witl�iin which Borrower may pay the sums declarei�l duc. Ii Borro�cer fails to �aay such sums prior to the �
<br /> � expiration of such period , Lender may , , �vithout. fu��tl�er notice ur c3e�nand on B'orro«�er, invoke any remedies per-
<br /> } mitted by paragraph 18 liereoC
<br /> y1V'ox-LlriFotaM CovFxn:�Ts. Bori•owe �• and Lendei• furt.lier covenant and ag�i•ee as follo�vs :
<br /> ., o �
<br /> � �� 78. �Acceleration; Remedies. E�:ceCit � us pro�'icicd iu � �artigra� �li 17 hereof , upon Borrower'; breaeh of any
<br /> covenant oe agreement of Borrod•er in tliis �lortgagc, indu�tin� tl �e covenants io � >tty �ti�hen duc unr �uius secured
<br /> � by tl�is \lortgage, Lendcr prior to acceleration shall mail noticc to E3orro���cr as � n�o��idcd in paragral>li l4 I�ereof
<br /> 1 � � speeifyii�g : { 1 ) t}ie breach ; (2 ) tl�e tict,iou rcyuired to.yfrr� --�ttcfii � breaeh;� ' ($ 1 ���� di�te , not less dl�an ihirty days
<br /> 't froa� the date thc noticc is �nailed to I3oi•ro���cr , bv �c6ich ' �iic L !i�•caeli i»ust be cured ; snct 141 tliat failurc to cure
<br /> { �uch breaclt on m• Uefore tl�e date specifieci iu tlie noticc`ivay'S•esult in accelerat.io�i of the swna secured by this
<br /> S4ortgage and sale of the Property. If the brcacli is not ew•ed on or before tLe date specified in t.he notice, Lencler
<br /> � � st Lender's option inay: declare all of the suii��s sccur•ed }»� tGis \lortgage to be im�nediatel,y due ai�d ��ayable
<br /> i without further demand and may forcclose tl� is �Sortgage by judicissl piroceeding. Lender shall be entitled t.o collect
<br /> yin such proceeding all expenses of foreclosurc , including , but not limited to, costs of documentary evidence ,
<br /> abstructs ancl title reports.
<br /> � 19. Borrower's Right to Reiastate. '_�ot�t�itLstanding I,ee�dei '. acceleration uf the sums secured by thi�
<br /> 3 Nlortgage, Borrower shall have the right to hii�•e any ��rticeedings begun bv I,encier to enforce t6i� JSartgage dis-
<br /> 5 continued aEany tiime prior to entry of a judg�tient enfoTcing this \im•tgeige if : ( a ) Barro�cer pays Lender all
<br /> y sums which would be then due under this 1to��tkagc, thc Note :md notes eecuring Fu[ure Adv:inces, if sny, had no
<br /> ' aceeleration occurred; ( b3 Borrowercurec all breuche� of anr other ro� rn:ints or a�reemencs of Iiorrower con-
<br /> tained in this Mortgnge; ( c) 13orrower pays all rea�onaUlc ez > >enseG iricurmd b}• T_ender in enforcing the eo<<enants
<br /> and agrzeii�ent� of Borruvrer oontaineu in tkii, \Iurtguge auu iu euiurciu�; Le��ucr', reu�e�iiec us ��roviuc:u iu ��ai•a-
<br /> a graph 18 hereof, ineluding, but not limited to, iesssonablc sttornec 's fr.e� ; and ( c11 t3orro�rcr takes such aetion �s
<br /> 4 Lender may ' reasonably require to assure that the ]ien of tl�is Jiortgage, I.rnder', interest in the Yroperty and
<br /> „ ; , $orrower's o6ligation to pr�y tiie sums secureci by this \Tort�xge �l�aill contiiiue iinimpaii•ec9 . Upuu sucl� payinent :
<br /> r , ; and cure by Borrower, this A4ortgage and the obli�stions eecurea l�erebj• ehsll recnaiu in full force and effcet us if
<br /> no acceleration had occurred. � . t`�" '
<br /> y, 2�. ARsigs�meat of Rents: Appoiatment of Receiver; Lender in Possession. As additional security here- �� . � �s� "�
<br /> under, Borrower hereby assigns to Lender ttie rents of tlje ProiSe�Kp . ��ro��ided that I3orro«-er shall , Prior to acceler- F"� `
<br /> , �" ation 'under paragraph 18 hereof or absndonment of tlie -Pro;�erty, lia�•e tlie rigtit to colleci and retsin sucla rents ' �' �,
<br /> n as they beeome due and payable: "� �
<br /> Upoa acceleration ui3der Z�aragrapG 18 liei•eof ur tibandonment of t.fie YroE�erty, Lender, in person , by agent
<br /> � � or by judicially appointed receivershalY be entitded to en3er ixpon , txke posse��ion of ;�nd msutige the Yroperty
<br />� and to collect the rents oi the Yroperty , , �ncludin� those, ��ast due. All rencs collected h�• I,ender or the receivei• ,�;, '
<br />� � shal2 be applied first to payment of the costs of management of the Propertp and collection of rents, includin�, but
<br /> not limited to, receiver's fees, premiutns o�3 receiver's bonds and reason�ble uttorney'G fcE� , xnd then to the swns
<br /> secured by this :1lortgaga Lender nnd thc. recci�`cr s2iall bc 1ia:ilc fo uccaui;t �.ilp far' tt�osc. aents uctualiti• �ccci��eci.
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