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<br /> 1Q Bvzrowcr Not Relea Ec't. i � `! isi� � � . ! : i � i ; G r � i , i , iu i � , x � u , . i � i �� � i i ur, o + � ir � � nt:=
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<br /> � i � ured n� fhia \ loit },a�;� Gt u� , �_�I I � ] �n �l � t �� r � � . =<�� , r. t � i � u � liur nc� t , � nul n � � u�• tu i �1��35 .r .
<br /> �,� �� m :iny � uanner, !ic l � ul� :� u' < <�i � lie. oii �; i � :� .al 13v:ronoi .int l � uiiu •,t �. � i � � � . < < �o�. qi - � r iut � rr�t . Lrn � u�i �n .� l . nof� l'�e
<br /> �,.,
<br /> ,, .: reyuire�i [ocoinmence � �rwudiuc;, i�,�un ,t < < li . uc< < : uiu . � � i� �o ; �� �. �tei ; � iluurior � iil' r � n�ntoio ; herw�scmoditc �
<br />��nb' � srnortization o1 rl�c �mn; �� rured by tl � i : 11 �,� e�,:t�,;� h� ics�u � �i + :int <3cai�in�I iu �� � {r h� rtie ori�,� n � I t3orro ���er �snd �
<br />��' I3orro�ver's succe�sors iii > »tere�t .
<br /> � il . Porbearanco by Lender Not a VJaiver. � uy foz•btarance b�- I,endei• ir� esci <.�ying auc rigtlt or remedy
<br /> liereunder, or ottierwise a �forded b�• applicttblc lx�v , sliaii noc be .i ���niver ot m• �n�eciuue the exercise oi any righi
<br /> � or reinedy hereundei•. The }>i•ocureiuent of insurance oi• tl�e ��:iyrrient of taxes or other liens or ch3rges by Lender
<br /> ,� shall not be a ���aiver of Lender 's right to accelerate the m�turity ot Cl�e indebtedness secured bS- this :VIortgage.
<br /> �,., 12. Ramedies Cumulative. Al] remedies provided in tlus _llortgag� :�re distinct �nd cumutative to any other
<br /> �,.Y right or i�emedy under fhis lloriga;;�� or afforderl hy I;a��� or � quicy, und �uay bu exeruised concurrently, inclepend-
<br /> G ently or successively.
<br /> � 13. Successors and Assigns Bound; Joint and Several Liability; Captions. The co�•enanCs �tnd agreements
<br /> ""' herein cont.sined shall bind , and ttic rights hereunder �halt inum to, thc respecEivc successors snil assigns of Lender
<br /> � �nd Borrocver, eubject to the provision� of paragr:y>h 17 hereof. :111 covenants ssrnl agrecments of Borrower shsll
<br /> 1�'+ be joint and several . The cuptions and laeadings of thc paragra��hs of this ltortgage are for convenience anly and
<br /> � are not to be used ta interpret or define tl�e provi:ions hereoi.
<br /> I4. Nafice. Any �iofic;c fo Iiorro�ver pro�•ided for in ti�is :\tortgage si�ati i�c gi�•en by uiaiiing such notice bc '
<br /> certifieci mail uddressed to I3orro�ser at the Yroj�crt.y A�iclress �tated belu«• , exce��t ior �ny noticc, required under � `
<br /> paragraph 1R tiereof to Ire gi��en to I3oriro��er in the inanner l�i•c:sci•ibe�i b�� a7�plicab]e law. :�ny nutice ��rovided
<br /> for in this lIo=tgsbe �.hall be deemeci to 1�+.���c been gi�•en to Borrowcr �cl�en given in the manne:• designated herein .
<br /> 15. Uniform Moztgage; Goveming Law; 5everability. 'Thi� iorm of morc�age combines uniform covenants
<br /> for national use and non-uniforni covenants wit.li limited �•arimtitions b}� jurisdiction to constitute a uniform secu-
<br /> rity instrurnent covering real property. I'his \Sortgage shall bc governed by the la�c of the jurisdiction in which
<br /> the Property is located. In tl�e event that any procision or elause of this \ Iorcgage or the 1�iote confiicts with
<br /> applivable law , such conflict siiall not affect ot.her provisions of this \Iortgage or tlie I3ote �ahich can be given
<br /> effect without the confliciing provision , and to ihis end the �u•o�•isions af the \lortgage and the Note are declared
<br /> to be severable.
<br /> 16. Bozroweis Copy. Borro«rer sl�ttll be furnished n conformed copy of this lfortbage at the time of execu-
<br /> tion or after recordution hereof.
<br /> 17. Transfer of the Property; Assumption. If sill or any I�art of the Proper'ty or an interest therein is sold
<br /> or transferred by Borrower �vithout Lender's prior written consent , exctuding (a ) the creation of a lien or encum-
<br /> brance subordinate to this �lortgage, ( b ) the creation of a purchase ruoney security interest for household appli-
<br /> ances, (c) a transfer by devise, descent oi• by operation of ]a��� upon the death of a joint tenanf, or ( d) tl�e, grant of
<br /> any leasehold interest of three years or less not containing an option to purchasc, Lender ma�, at Lender's option,
<br /> c�eclare all the sums secured by this Mortgage t.o Ue imtnediately due and I>ayable. Lender shall have waived sucl�
<br /> option to accelerate if, prior to tl�e sule or transfer, Lender aud the person to whom the Yroperty is to be sold or
<br /> trnnsferred reach agreement in �vriting tl�at the credit of ,uch person i� satisTactor3� to Lender and th�t the inte�•est
<br /> paysble on the sums secured by this \�ortgage sl�all be at sucl� rate as Lender shall request. If Lender has waived
<br /> the option to accelerate provided in tdiis paiagraph 17 and if Eiorrower', successor in interest has executed a writ-
<br /> ten assumption agreement accepted in �vriting by l.endc:z•, Lender shall release Borrower from all obligations under
<br /> this Mortgage and the Note.
<br /> If Lender exercises such option to acceler�te , Lenuer shall :uail }3m•rower notice of acceleration ir� accordance
<br /> � �vith paragraph 14 hercox'. Such �otice sheill pro�-idc u 1 >eriod oi not less el�an 30 days frow the date td�e nokice is � '
<br /> mailed within w�hich I3orrower n�ay pay the sums drelumd duc. If Boiro�+•cr fsil, to pay such suins priorto the
<br /> expiration of such period, I,ender iti�y� , tivitliout further notice or demarid on Bbrx•ower, in�•oke. any remedies per-
<br /> mitted hy paragraph 18 hereoL
<br /> i�Tc�x-LlxiFa�s.nz Cuvr:Na:.Ts. 13orro�ver �ind Lender Yurtlier eovenant anci ag�ree a � fbllo�as :
<br /> 18. Acceleration; Remedies. LxceE�t as pro�'iileci iu � r,u•ugi•:ipli 17 IieiroS, upon F3orro�ver's breach pf anv
<br /> covenant or agreement of I3on•o���er iu tl �is 31m•tgnge, incluriing tllc covenants to p:�y �chen duc .iny smns secured
<br /> by this Alortgage , Lendet- ��rior to acceleratiou .�Lull maiil notice to 13orro��•c!• ss � �ro�'idc�i in parag;iapli i4 hcreoi
<br /> specifying : ( 1 ) tlie brcach ; � ( 21 tl�c action rcyuired to aure sucl� �l ,reacl � ; 131 a date, not less tl� �n thirty d�ys � �
<br /> from the date the notice is mailed to 13orroicer, I ,�• ���hicL :ueh bre:ir�li �imst bc cured ; and ( 4 ) that fziilure to cure
<br /> . . , � _ , � -
<br /> � :�uGtl 'v�tlri[Pi 6Ii UI' DCiVI'"r. bitG (li1iC o}�i.itiii�il ii1 ii �li' LvtiCi- liiitr � c�uii u : emiiLit,T�:i ,i�ii iii �i:c - • :,.,cwt� uy' :t,:� . . . .
<br /> �Wil + _
<br /> blortgage and sale of the ProF�erty . If the breacli is not cured on or before the date specified in t.he notiee , Lenc�er
<br /> � � � at Lender's option may dcclare i�ll of zlie sums sccw•e<1 by tl � is �1ort.gage t.o be immediately duc snd pnyable � � �
<br /> � without further de�manci and may foreclose this �'Iortgagc: b}- judiciss3 proceedin�. Lcnder shall be entiWed fo col]ec-t � � � � �
<br /> � in such proaeeding 211 ex}�enses ot forvclo�uir , includin�?, bui iiot ] i�nited to, costs of documex�t�r�� e��idencc, �
<br /> abstraots and title reports.
<br /> 19. Boaowais Right to Reinstate. Not�z�itl�:;tanding 7.endea•:s a�cceleratian of the surus sccured b}� ihis
<br /> Mortgage, Borrower shali liave tl�e righi to have 1ny ��roceeding. 1>egw� by I,ender to enforce ihis \1orEgage dis-
<br /> continued at any time prior to entry of a judgment enfokcing thia \tortgage ii � lal Borro«�er pays Lender all
<br /> suma which would be then due under this Jiortgsge, the :Vote and notes secaring FutLvc Advtlnce� , if any , had no
<br /> r�ecelerstion occurred ; ( b ) F3orrower cures all brcachcs of an�• other cot� enants or agrcements of Borrower con-
<br /> �' tained in this '.�Iortgttge ; tcl $orrower pays xtl reasonable e���ensc:s inct�rr�e�1 h�• Le•nder in enforcin � the covenants
<br /> and agxeements of Borrower contained in t.hi. \Iort�::i}�e and in eniorcinR 7.ender '� re�uedies as provided in para-
<br /> 1 graph 18 liereof, including, but not limited to, re� sonable sttoi•ne}•'.� iee, : and Id ) 13orrower takes such iaction as
<br /> ' Lender may reasonably require to assure that tl�e lien of this \iortgage . Lendes's inierest in ihe Property and �
<br /> Borrower's obligation to pay the sums secured b�� thi� lfortgac;e .�i� sll continue u�impaired. i?pon ;uch payment ,
<br /> snd cure,by Borrower, this Mort,gage and tl�e obligatione secured hc>reb}� shxll i•eniain in ful ] force and effect as if '�� ? '-
<br /> � � , -
<br /> no acceleration had occurred. � � � r '
<br /> � 20. 14ssigament of Rents; Apgozatment of Receiver; Lender in Possessiora. As addikionai securiLy here- {•�
<br /> under, Borrower hereby aseignsto T.ender the renis of the Yropert��, pro��ideci t6at 13orro��•er shall , prior to acceler- '?4„ �
<br /> , ationunderparagraphl8 hereof orsbsndonment of the Propert,y, hs��e t3ie right to colleci and reiain such rents s�'�r"�
<br /> as they become due and payable_ ' `' ,
<br /> .. . �T^OSt F ^Ca'jP 2t:Q.^. �lln�a� »oT.°��'h�i' �R i;p.�s+.nF n „ h��f�nr; . . .n..t p{' tl.n V.n��o.-r`. T �nrlor� 1P. ��o••cOP. � }J': 3e£Slt
<br />� �r hy �i�tii��RiTy a.ppotnteri rPrP�v� c . F h� rntiiipri to vnt�r iij,nn , f�k� Iuie.f �.inn r,i an�i inaoH�� th� PrnrrrtV „A �
<br /> and to collect t,he rents of the Property, including those past c9ue. all � ents collected by Lender or the recei�•cr �
<br /> h�l� � �g�,lid3 �:st ta ps,, n:ent af +::e ��sts ef r_.,::sb ^:: .t af t,}zc Pr �,ert� ar.,: call�:tior cf .-er,ts . ir,clud•.ag, .�ut
<br />� not ]imited to, receiver's fees, premmms �n receiver4 6ond� and reasonable attorney's fee�. and then to t.he sums �
<br />� secured by this Mortgage. Len�er and the mceivc r �hall he Iiable ±a account onld for those rents sctually recei�-ed . � �
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