I �
<br /> � _ .--r,
<br /> ,
<br /> uot eYk.ead or �ioslpone the due dste oi ti�e montiily inFts !lments referred w in paragrsphe 1 and 2 hereof or
<br /> ah�o�e the amou�t of euch inrtallments.
<br /> 19. 10eso�/rr lfot R�i�ar�d Eztensiai of the tirne far �iayrnent or modification of sunortization of the eums
<br /> raeu�+ed by t,tu� Atort�wte Rsrated by i.endar to an,v Ev��cessor ii� interest of Borrower ehall not .operate to nle�se,
<br /> � i� a�r su�a�t, t�e lisbility of tlse origa�u►1 Borrowei• and Bors•oM•c.r's successor: in intereSt. I.ender shsll not be
<br /> Faq�tit�ed t�e ompAtaoe ��rooeedis�p e�ainet sucl� xueoessor m• reCuse to e�cLend time for payment or �herwise modify
<br /> s�oetiaaGipo ot t�ie wzs�s �wgd by tLis \tortgagc liy reason oP uny deme►nd mude by the original Borrower and
<br /> Bonewee's �naeorree� in iptereot.
<br /> !l. � bY ;•rd�r lilet a Waiwwr. Any forbearance by LeAder in exerciein� any right or nmedy
<br /> � heseuueier, or at}�erwi�e alforded by applicabie l�w, shall not be a waiver of or preclude the exeruise of say ri�ht
<br /> � or temedy hereunder. The procurement of insurance or tl�e �iayment of tsxes or other Jiens ur chsrges by Lender
<br /> � yhali not be o waiver of Lender's right to accelerate the ruaturity of the indebtedne -r, secured by thie Mortg�e.
<br /> � lf. �rdir Cumuia�v�• Alt remedies provided in ti,iN \lortgage are dietinct and cumulstive to sny other
<br /> � ri�ht or rewedy undee t#ii� \iortgsge or uFforcic�l by Ia+r or cquity, �nd i�is�� be exereised concurrently, independ-
<br /> � entiy or raoaerrivety.
<br /> la. �uoo�ee� md JlMiq�s Douad: lant md S���ral LiabilitY: CayRioas• Tlie coveustintez and a�reemenEe
<br /> ^ lweeio eoa'tsiaed chsll �ind , und the rightx l�ereunder shall inure to, the res��ective succeseore and areigne of I.ender
<br /> ^ and $osrower, subject to the �rovisiona o1 �ixrtxqrupJi 17 l�ereof. .�ll co��enauu. ssn�l agreernent,s of Borrower alul]
<br /> be joint and ueveraL The eaptions anci headinge oi the paragra� �li� of this \lort�age are for con ��enience only and ,
<br /> sl�e uot to be uaed to interpret or define tl�e provisiuua hereol.
<br /> lA. l�folia. Any noticc to Borraw�rr �n•o��ided ior iu thi;: \lortgxge siiall be gi�•en by mailing surh notice by
<br /> ' certified uyail addrebsed to BorroW�er at tl�e Yropert �� .�ddres� .�2 :ued I �rlow , e•xcepc tor uny notice required under
<br /> psrs►graph 18 hereof W bc+ gi�•en to Borrowcr iu the � uxnuer prescrihrd by x� ,� �licabie laµ• . Any uotice provided
<br /> fur in this '�lortgage sl�sll he deemr�i to l�avc bcY-n �;ivrn to Borrower ��� I �en given in the u�unner designated herein.
<br /> 16. (�tifenn Morlqsge: Go��eainq Law: S���rability. '1'hin tonn of mortgage c•ombines uniforcn covenante
<br /> toe mational uee and non-uniforni cuvenants witl � lirnite�i �•ariat.ions by jurisdiction to constitute a unifortt► eeeu-
<br /> rity iostrutnnenL eovering real property. Thir \fortgage shnll Le qoverned by the !sw ot the jurisdiction in wbith
<br /> Gbe Pralxrty ic leeated. ln the event that uny provision or clause of this �4ortgage or the Note confliets �vith
<br /> appliesble lsw, suoli con8ict shall not affect ot6er � �rot�isimis u( this �lortgage or t.he Note w6ich can be Qiven
<br /> eQeet wit�oµt the eoaflieting ��rovieion . and to t }ii. end the ��rovisiona of the \SorGgage and the Note are decltred
<br /> te bs �n►aefbil.
<br /> lf. Mtf�ew�s'a Cepy. Borrower shall be furnislied a conformec! copv of this 1'lortgage at the time of exeeu-
<br /> tioa oe attar taeatdation hereof.
<br /> 19. TkmYbt a( t1M FropKty: Aasumptfoe. If all or any > >art of tl�e Property or an intereat therein ir told
<br /> � oe traosleesed by Bosro�ver without Lenderb prior written consent , ezcluding ( a ) the creation of a liea or eneum-
<br /> branoe subordinate to this liottQage, I bi tlic crestion of' u ��urchasc mouey security iatetest for Louaehold sppli- "
<br /> anoea, (e) a transfer by devise, desoent or by o��erat 'ton of la�+ upon the death of a joint tenant or (d) the grsnt of
<br /> any lea�e6old interert of tl�ree years or lese not containing an o��tion to I�urrhase, Lender may, at Let�der'r aptietn,
<br /> � dee4re sll tbe wta+� aecured by this Mortge�e to be iuuuediately due and payable. I.ender stwll have w�ived ouch
<br /> ; optim t� aeoelsrste if, prior tcf tlie snle or transfer, Lender sud t6e �x�rson to who�n the ProQerty ia to be eold or
<br /> ; trao�fetsed t^eaoh a�t+eement in writiag that the ct�edit of �ucli person ie c�atisfactory to Lender and that the interest
<br /> puyalf{6 on the ruau secured by this :�tortga�e sl�all lie nt aucL i•ate xe I.ender ehall reyuest. If Lender haa waived
<br /> t6s opti� to seoelerate provi.ied in this parugrapl� 17 and if Borrower'a succeseor in interee�t fias eYecuted a writ-
<br /> as
<br /> ten wumptinn ap�eemet►t sooepted ii� writinQ bp I.endei•, I.ender ehall releabe Borrowei• fron� atl obligaLianc under
<br /> ; this d�e aad the Note.
<br /> I� L�eadafr eseroires suc►i option to accelerate , Lender shall � uail 23ormwer notice of accelerrtion in acoordanoe
<br /> � witL prsaSrsQh 14 hereo3. Dueh notice shxll pro�•idc a ��eriocf ot not less tl+sn 30 da,ye fran the date the notiee iR
<br /> mai�ed withia wttieh l3orrower may ��ay the sura� declared �iu. . If }3urrower fail,; to ��uy aucii eums prior to the
<br /> expisa�iea of auc6 period , L�eflder may . w'ithout furchrr notice c�r �leniand on 13orrower, involce any remedies per-
<br /> mitted by psea�e+aph 18 hee�eaf.
<br /> :�'ox-L? xcroa.x Cov� xwrrs. Buerow•ei• and l�ender Yurtlu r ruti•enant and agree aa followb :
<br /> li�. �oO�IM'�at A�a�di�s. 1�'atcept an � �a^o+• idr�i in � �nc•xgru��li 17 liercof , u�wa Burrower's hreac}i oi any
<br /> e0venant or asreement of Sorrower in tl� is lfort�aac� , inclu� ing tii�� covenant �; to � �ay K'6en due any cuinr eecured
<br /> by thlr �lortgiee, Lender ��rior to nccelerution .Jisll uit�il nutice to Borru�� cr :is � iro�•ided in �rarxgrapl� 14 liereof
<br /> cpecityis� : ( 1 ) the bre[►ch ; 121 the ui�t►o�i reyuirc�i to �•wr �:uch breucl� ; � 3i a �1rtr , u�t less tlian thirty dayc
<br /> trom tfie dste the twtice is nisaileci to BorroH'er . I ��� ��-hiel� �url � I�renc�h u �ust be rurc� ; and i41 that failure to eum
<br /> such breach on or before tlie date s��ified in the notici• wa�� result in ac�elrratian of the �uu�r �cumd by this
<br /> 1[ort��e snd �le of the Pro�erty. lf the breach is not rurecl on or 6efore the date s�ified in the notice, I.ender
<br /> at Lmder'r o�tion way deelarc rll u[ tiae swue �evreci by th �r 1lortgaqe to lie i�nmediately due and paysble
<br /> vitb[wt fuether demand and tnav foreelosr t1iiF :ltongaR� hy lu�iieisl �a���dinq. I.ender shall i�e entitic�ci W collect
<br /> in sueh proeeeding all expensea of foreelomure• . inclu4ing, hut not li�uitcxl to , cwt � of dcxuuicntary evidence ,
<br /> ; s6�tract� and title e�epuete.
<br /> !!. Mw��s /i�f !s 4iYlslw Notw�nl�s-Landing Ixnder'n: acceleration of the eume eecured by this
<br /> liiot'tp�o, Bor�w+ar rkall haw the right to have aaoy �irtuee�dinK� IaeQun by ).e�ider to enfotKv> thid �loA:gage dis-
<br /> o�IMlfd ait aay t�e piio� to eatrq of a jud�rient eniqtcinq tMis \lortgsge if : 1 u � Borrowec prye I.ender aU
<br /> 3ua�e �v6ici� W+wki !ae tlww d� uwier tl�is \lurysa� , tiir \exK ais�i uutre e�uriiig k uiurr Advaworn, il any , ��rd tao
<br /> ie�oeliDeitiou oocurlr+d ; ( b) $onqver curee all breYcl�re uf an� wthrr c�� rnxnta ur agtv�rniex�tr of Burrower con-
<br /> fYMd i� t�s , (e ) Son+ewror psye sll rearonable ex��enees incurred b�� I,rnder in enfominq tFx covenants
<br /> a�d yM�lel�s��o[�e�aer euNt�l�ed ia t#�iec \[t�aKr rnd iu rn(u�rin� I.ciuier'� ren�edies � ��rovided ita pnzr- p
<br /> �1i1 lf 1wsoQ, itpoludi�, but aot li�ed to, rc�wuuLle aWurvury '� fer. : a�ad � d 1 Boe�rowrr takes rueh actiern su
<br /> � I�Mr f� e�sYslr�bl� feQ�re bo arwuae th�! the liet� of this \Sortge�e, Ixnder's interee�t in the Propetty and �_ _
<br /> ,�. �� �aMw�'r a�Mir� 6s pyr t6e �� sre�eed b�r t�ir Mort�ag�e shall awntinae uoimpsired . Uron euch }�qixieot :z
<br /> $ 1�! e�M� b� lellrwa', I�it �s af� t�e ablititiaes recunod bereby sha11 remain ixi full fome and et�feet as if
<br /> � a M �i�a W �ae�wi.
<br /> �, �. �MI�rR �! iM�t �1�! �t io�iwrs I.Mi�e i� l�ie�. A. addit"sonal seeueity hee�e-
<br /> ��:� s �" MI�� �� � LYM�f E�l� O/�� OE f�E P�M�!lkV. i�IMQYidld t� BO!'POMCT 6I11II. (N7W' CO YiEOCIE!'-
<br /> ' Mil/r rrlliw' pM� !�i MwMt Ar t�basAq�aeeat wt t�fr Pre�ty� have tf�c risht to eolket ead retsia suel� rents � .. .,
<br /> � as��r�rt+irs a�i #r�rM. � *� . .
<br /> M�M�MiN �ire }� N I�Mw�t ee a�wtwire�t of t!k i'ro�serty , Lender, u+ �+ersoes, bv sgeut '
<br /> ' , ,
<br /> " a' ;'! 1M�!' �M�l�d t�i� iMN � enti�i b awbe� u�ep, talae �eeeneion of and n�anage 4he Pe�eperty
<br /> Yl1d LO Ci1�Led LLe !tltit3 OS 13iC Yt'qpetLy, iuclYid'4ti1� tIuru �,wri 1a�r. a11 irui. awIls�Larl Iry Lctulec vr elie �+ea�eivrr
<br /> � M ap�ird All� is pa� ot #�r1 srk� ot �eat of tl�e Pnq�erty aod coilection ot rent� , includinq� , but
<br /> Mt 1isiW b�, �e+iwr's twr, � �an rodei*er�s i�ewwir aad reasonabk attorney'R fe�ee . unA then to the sums �
<br /> Meilr�i � tli 1f�+��e. iwriier vi llie esoeiver ri�ll he lisbk ta account only for thoee rents: aetually received.
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