� �
<br /> .. _ ._ ,..,,
<br /> � �
<br /> not extend or ��ostpone the due �3ate of the �nonthly inst �ill��rent� rt�ferred to iu paragraph� 1 and 2 hereof or
<br /> � ohsage the amount ot eucl� installme�ts.
<br /> � 10. D�oesower Not Rwl�as�d. Extension of the t ime for pa,ynient m� �nodification of amortization oi the sums
<br /> �s aeeured by this ?4tortgage grnnted 6y I.ender to any �uccessor in intereet of Borrower shall not operate to releaee,
<br /> �;: in any manner, the liability of the originel Borrower and Borrowerb euccessors in interest. Ixnder s13a11 not be
<br /> ` required to cammenoe proceedinge against suclt uuccessor or refusc to eYtend time for payment or otherwiee modify
<br /> � ,� amortir�atioe� of the sums eecured by t1iiF lfortgage by reasou ot �ay demand made by the original Borrower and
<br /> � Bortvwer'e sueoeaeore in intenast.
<br /> 11. Poebweme� bY Lwd�z Not a Waivsr. Any forbearance by I,ender in ezercising any right or romody
<br /> hereunder, or othenvise afforded by applicable la�v, slisll not be a wsiver of or preclude the exercise o# any ri`ht
<br /> oz remedy hereunder. The procurement of insurance ar the �isyment of taxes or otlier liens or charges by Lender
<br /> shall not be a waiver of Lender's right to accelerste the maturity of the indebtednesr� sec�red by this Mortgage.
<br /> 12. A�an�di�s Cumulative. All remedies pruvidec9 in tl�iE \Sortgsge are dietinct and cumulstive to any other
<br /> riQltt or remedy under this \Sortgage or afforded bv la�ti� or equity , and may bc• exercised concurrentiy, independ-
<br /> eatly or sucoeeeively.
<br /> 19. Suee�swn m�d Aaoigos Eound; )oiat mid S�vera! Liability; Captions. The covenants and agreemente
<br /> herein contained shal! bind , and the rights Lereunder ehall inure to, thc resriectivc successore and aesigns of L�der
<br /> and Borrower, subject to the provisions of paragruph 17 hereof . � II cocenant.s and agreeYnents of Borrower ehall
<br /> be joint and several. The captions snd hcadings of tLe paragra� �h. of t6ie \ tortgage are for com�enience only �nd
<br /> are not to be used to interpret or define tlie ��rovisions hereof .
<br /> 1 �. Notiu. Any notice to Borrower pro��ided for in tiii.� \lort�age shall hi� gi� en by mailing such notice by
<br /> certi&ed mail addressed to Borro�ver yt thr Yro�xrty Addre�r �tr�trd bclow• , ��xce��t for u ��y nutice required under
<br /> paragraph 18 hereof to be given to Ba•rowrr iu t6e in�uner prrscribed by xpplicable law . Any notice provided
<br /> for ia thie '.4lortgage shall 6e deemed to hacc l�een gi��en to Borrower �vLen Ki��en iu chr uianner designated herein.
<br /> 15, Uai/oem Mort9ags; Gov�sning Law: 3w�rability. '1'{�ih tor�u of iuortgage combinea uniform covensnts
<br /> for nationa! use and non-uniforro covenants �vith limited ��ariations by jurisdiction to constitute a unifoem eceu-
<br /> rity instrument covering real ptoperty. This \fortgage shall be governed by the lea• of the jarisdictioa in whieh
<br /> the Ptoperty ie located . In the eveni that any provision or clause af tliis B4ortgage ar the Note conflicte with
<br /> applicable law, such conflict shall not affect other provisions of thi� Jlortgage or the Note which can be eiven
<br /> eHect without tl�e conHicting proaision , und to t6ie end the � �rovisions oi the �lortgage and the Note are declared
<br /> W be severabie.
<br /> 1& 8oesew�si Copy. Borrower shall be furnished :s conforrr�ed copy of this Mortgage at the time of execu-
<br /> tion or sfter recordation I�ereof.
<br /> 17. Trm�r of ths prop�ety; A�sumption. If all or any ��art of the Property or an interest therein is wld
<br /> or tranaferred by Borrower without Lender's prior written consent , excluding (a ) the creation of a lien or eneum-
<br /> brance subordinste to this �1lortgage, ( 61 the creation of u purchar.e mone,y security intere4t for houeetfold apQli-
<br /> anoes, (c) a transfer by devise, descent or b,y oF�eration of la�r upon the death o[ a joint tenant or (d ) the grrnt of
<br /> any leaeehold intereet of three years or leas not containing au option to purchase, Lender may , st Lender's q�tioa,
<br /> deolare all the sums secured by this Mortgage to be iu�ii�ediately due and payable. I.ender shall tiave waived �uch
<br /> opEioa to accelerate if, prior to tlte sale or transfer, Lender and the {�erson to whom the Property is to be eald or
<br /> tranefotred reaeh agreement in writing tLat the credit of such person is aatisfactory to Leader and that the interest
<br /> psysble on the sums eecured by this Mortgage shall be at such rate as I.ender shall reyuest . If Lender hse waived
<br /> the option to accelerate provided in this paragrspL 17 and if Borrower's eucceseor in intereat has ezeeuted a �vrit-
<br /> ten seaumption agreemeat accepted in writing by I.ender, Ixnder shal! release Borrower from all obliptiqnr undat
<br /> tdtis biortgase and the Note.
<br /> If Letidsr exercises sucL option to accelerate, Lender shall euail Borrower notice of acceleration ia soeordtoee
<br /> with paragraph 14 hereof. Buch notice ehssll provide a ��erioci of uot less than 30 days from the date the notice is
<br /> ' tusIIed within which Borrower mey pay the su�iie declared due. If Borrower tailt to pay such sums ptior to the
<br /> e�cpirstion of such period, Lender may, without furtl�er notice ur deinand on B"orrower, invoke any remedies per-
<br /> auitted by paragraph 1S hereof.
<br /> I�'OdT-ITNIFONId UOVENANT6. BOPI'OWPI' Rll(� I.ender t'urther covenant and a�ree xa followK :
<br /> lt. A�pbralion; R�aa�diw. Eace��t as fi!•o�•i� le� l in � �urssgr:t� �h 17 hereof , upon Borroa�er'n hreach of rny
<br /> covenant or agreement of Borrower in this �tort�ege, including thc covenante to pay when duc any sums Recureci
<br /> by this \lortgage, I.ender prior to aecelerutiou shttll u�sil notice to Burrower se; � ��a��;�i,Yi in �iarxgraph 14 hereof
<br /> r�eeifying : ( 1 ) the breaeh ; � 21 tl�e uction reyuired to cw•c eucli breach ; i31 a date , not Iee� tlisn thirty cisys
<br /> from the date the notice ie roaile�cl to 13urro�scr, by �� I �ich turli h�rucl � uni.t tx• c�ured ; and 141 that failurc to cure
<br /> nuch breach on or before thr date �prcified in t6e no� ice ii�ay i•esult in ucceleration vf tl�c sum� secured by this
<br /> :blottgage and sale ot the Pro�erty . If the breach is not cureci on or befa•e the date specifieri in the notice, Leoder
<br /> at Lender's option u�ay declare all uf the suuis secured by thih \fortgage tu be immcv3iatel,y due and payable
<br /> �vithout further Jemand and may foreclose this �lortgage Ly judiciul proceeding. I.ender shall be entitk�cl to collect
<br /> in euch proeeeding all ezpenses of fomclosurc , inclu�ling, but not limited to , coste of docwaentary evidence,
<br /> abstraete and title report�.
<br /> 1!. Da�sew�e's 8iqit b R�io�leb. Notwithetanding l.ender't ucce►eration ot the �curn� eiecurrd by this
<br /> Mw'fp�e, Borrower a!u!1 have the tight to haa•e anv procecdinKz hegun by I.ender to enforcc thie �fortgage dis-
<br /> eostinued rt aey time prior to entry of s judgtnent enfa¢ring thi� ttortga�e if : ( a � Borrow•er psye L.eAder aU
<br /> wmt �vhio6 w�ould be tlfen due ur�der this :1iortAaqe, thc Note anci notes securin� Futum Advancee , if any, had ao
<br /> aeeeleration oocurred ; � b � Borrower curea all breacl�re of any other eovrnants or aqrnen�ente of Borrower oon-
<br /> Oaioad in this Mortpg�e ; (e ) Bors�orer psyc all reaeionable rx��rnses inrurrecl bp I .ender in �-nforcing the ewvensnfe
<br /> aed aes'eeese�t� of Boero�ver opntsiaed in thie :4toetRuKe and iu enforcinR i.ender',: retfi�eciie� e�e �irovided in pars-
<br /> �rapb 18 bereof, ioeludia�, but not limited W, reaeonable attomev 's fee� ; s�id � d 1 Borrower talces sueh aetioa� as
<br /> � T.�erwler ms rwo�bl o �
<br /> y q require to aeoue�e that the lieu ot this \lortgage, Lender's intereet in the Pmperty awd
<br /> $oep+ret''� obliption to �ay the st�n� aecared by thieu �'IortRage rhall continur u�+iro��ired . ['�wn aueh �y�neat �
<br /> �ad aY�o by Botf�o�vet� tl�a b[oetsll�e at�d the obligatione e�ecured hereby ehall mmain in full force and e�t'ect ae if • � .
<br /> � ao aoe�iaeation had ooeee:ed.
<br /> � !. ��! oE ��IM�t ��t �t i�erfw�sr Lod�r ia P�wiae. As udditiona! seimrity here- ' +
<br /> u�det. 8aero�ree bereby ari�as to I.eeder the xate of the Prq�erty. prc+�•icleri that So�row�er efiali, prior to �eee{er-
<br /> atiee a�dee prra�yf�h 1S heresf or sbanden� of th� P*n('r+tY� hR•� the righr to �v�iMrt ae+r! ntn3n ee:t4+ xtrts
<br /> �aa t� b�eome due aac! PsYahle. �.- "
<br /> ' Z1DN �OsMt�ati0s 4�det yea��p� li l�sf or slf�andea�ent ot the Yroperty, I.cnder, in }+enQn, by t ' � `
<br /> ' �' � �7 �PP��d sraaiwe driti be ewtitJed to enter u}wn. take �x�rseseion of xad u�n�e the PropettY '" , '„�
<br /> ; +N�d �s p�k1�e6 E�e t�eta ot the Peopet�y, iqaiudi�f� tlrre �aaw. due. A11 rtwte cqlYect�+d hy I.eeder or the reoeiver
<br /> �i�il be �ppii�d 6fs6 be p�arme�t e[ tbe es�fr o► sreypmest esf the Yw4xR,y an�i collect �on of rnntN, including, Fiut
<br /> uo� �uaitad tw+ +'eosivm''a fea, premq�ms on roeeiver'e boodt �►nd masansble attoroey'F feee. and then to the rurrw
<br /> reouffad by Lhis MOs#,�a�e. I.eader aod the reoeiver alutl he lixhle to acow+nt o�ly for tha�eu rent � actually nrei�•�xi .
<br /> �
<br /> L.
<br />
|