|
� �
<br /> #_., . ,--��. �
<br /> , ,
<br /> noL eXkend or ��ort,poue tt�e dus ciste of tl�e montLly installments referred tu in paragraphe 1 and 2 hereof or
<br /> obap�e tFae rtnouat o! sueh insksllme�ts.
<br /> 14, Ml�owr�s ;NN F�oMd, k:ztetiion of t6e tin�e for E �avment or uiodification oi uinortisation of the eutns
<br /> raa�uri b�r tLf� Matt�e ;rratad �y Lender to s,nY r•uccessor ii� interest of Sorrower shail nat operate to rel�e,
<br /> in arnx tnsa�, ttre liAbil�ty of tlu� ari;ins►! Borrower and f3orroa•er's euccessors in interest. I.eoder ahaU n�. be
<br /> #� � �riwi tn wn�eawru+� �+noerrrlinaa sqinet sucla suuoeroar or refiirs� tn ex4+ru� f.ima fnr r�aymant nr Mhwneiw+ meuii�v '
<br /> � } auasef�lA�Rd�an ot the wtmr �eaueed by N�is �Sartp►�qe Uy re+�rou of any c#emapd made by the t+rieic+ai Borro+ree and s
<br /> _� "�" �I�q�s wa�. ia ia�teiwt.
<br /> ; � 1L �ar #� IwirlMr �at a Wlriwrr. My forbe+�ra�+oe by Leoder ia ezercieing any ri�#tE ar semedy
<br /> ; � Izeeyunder. or athes�vire a!€vided by applicable lsw, ahall not be a wsiver of or preotuds the exerci�e ot say ri�ht
<br /> ? ,,,,� pe aee��dy here�se►der. The procurement o# incursnee or the payment of taxea or othet liens or chstges by Lasder
<br /> ; '�^ �i wot be r w�iwr of I.eeyder's right to aecelorate Lhe u�sturity ot the indebtednerr aocur�i by thir MortQa�e.
<br /> � {�, �, �. All rea�edia providad in this liort�r�e are distinct and cumuLtive to any pther
<br /> i ^ e�t, pr eamsdy yador tqi� \�Iort,�e or ui�t'wdeci by Isx• or <+quicy , and may be exercised eoncumntly, indtpead-
<br /> ��; J"� asR1y er woaMs�voly ,
<br /> ; 1#. lwoNr�s � ia�i*Is io�uwd: Jaint md Sw�ral LisbilitY: Capeioes. The covenants and a�meob r '
<br /> t�ih �pwttia�d slasLl bind ; and ttfle rights liereunder �hall inurn to. t.lx+ res�at.iv�• auEr.e�rx �ad t►eeigne of I,eQdef
<br /> sr� Horrower, snbjeat to t�e provisiotu of ��ara�ra��li 17 i�eruoi . All covenanta and agrecanentx ot Borrower e6a11
<br /> be jaut aad eeueral. The captione snd headinge oi tiie � �aragraph� of thi� \iortgaqe are for convenience only and
<br /> str aGt to be tYsd Le+ iaterpret or define tlee t+rovisior�� l�ereoi.
<br /> !�. l�efip. Any notice to Bon•ower proti�idcd for in tl�i� 1lortgag� ntial! Ir� �iti�en by u�eiling cueh notice by
<br /> cerGiBad �uaii sddrerieed to Borrower at tl�e Pw{xrty :�ddres� «tatcv{ beloN , exee��t for nny notiee requireii under
<br /> �raph i8 hereof to be given to Borrow•er iu the manner �»•escribed by appl �rabie law . any notice provided
<br /> foe in t6ie '.�4otf,�a�+e ahall t,e deetued to Lat•c I�eru gi�•rn tu Burruwer wlien gi� en iu thr inanner designated hereia.
<br /> 1f. t�ife�slfoetyisy�; Go��e�inq Iaw: S�v�rebility. "fhi� forin of �iiortgnge combines uniform covenante `J
<br /> � tos a�ti�ai uee sad non-uniform covenuuts witli liinitcxi �•ariatiune b�• jurisdiction to constitute a unifatm reeu- "
<br /> m
<br /> ri�r iA�taumeat covering nesl property. This \fortgage ehall he governed by the law of the juriediction in whieh t
<br /> t1Mi Pi�qpaeEy ie loested. In the event that any provieion or clause ol this Mortgage or the Note conAiob with ¢"
<br /> aprlie�bbe is�r, ettia#� ooridict shall not affect other provieionk of thia �iortgage or the Note which aan be Qiven
<br /> d[eet w�itlro�it tlie oonflictin.� provicion, and to t.his end the ��rovisions of the \Tortgsge and the Note are deolsced
<br /> t4 � N��+able,
<br /> �
<br /> 1R leqrw�s's Copr. E3orrower shall be furnisl�ed a conformeci copy of this \lottgage at the time ot exeau-
<br /> tiaa oe sitae reoordation hereof. �i �
<br /> 17. Ze�1r4r a! � l+rO�elY: A�aum�lian. If wU or any ��art uf tl�e Property or an interert tberein 'sa wld �
<br /> , a trf�oafest+ed by B�erro�ver without Lender'a prioe written coneent , ezcluding (s ) the creation of a lien or encam- ';
<br /> brpw�s at�w�dinate W this Mortga�+e, Ibl the creation of a }iurchetise uioney aecurity iaterert for hou�ha�id appli- �
<br /> aeeer, (e) s tra�ute� by devire, deeeent or b,y operstion uf Is�r u�wn the death of a joint tet�nt or (d) t!u annt of
<br /> any lewehodd iotee+ert of three year� or lesx not cwntainin� an optiou to purcha�ee, I.endcr may . at Leader's eQtion,
<br /> ; dee�at�s a11 lJ�e wt�ms recured bq tbis Mort�sse to be iin►;�ediately due and �aaysble. I.�et+der shall have waived eueh F
<br /> ; a�ioa G► seoelrrate if, prior to tl�e arle or tranwfer, Lender acmd tl�e �iercon to whom the Property is to be satd or ,�
<br /> 6t�st�lts�ed teaah a�ree�eat ia wrstitfs t6at tl�e credit of ruoli � �ereon is ezstisfaetory to i.ender snd thet the int�etest �
<br /> ptyabie oa the sums �eeured by tlti� 1lart�,a�e shsll be at sucli rate aa I.ender ehall requeet . If Ixader hs� wsived
<br /> tfis aptiqn to �eceleerte provi3ed ir� this ��arugraph 17 and if Borrower'a succe�sor in interest l�ae executed a weit-
<br /> t� awm��iOn a�ent scaepced in writing by ].ender, Lender uhall rele�we Borrower from atl obligatione undar V
<br /> W►is Mo�t�e and the Note. ;
<br /> I( Iw�da ase�ei�es w�cl� oQtion W accelerate , Lender rhal ! !iiail 13otrowee notice oi aexleration in �000idasee
<br /> wri�i {�rnp�rph 14 bereof. tiuct� aoticv� ehr�ll provide a ►�eriod ot uot le� than 30 days irom tlae daLe the notice ir
<br /> misii�d withia vhiolf Bort+oawer may {�ay the sun� declared duc. IP Iiorruwer tails to pay such sutns prior to t6e
<br /> mq�i[at�i� ef a►da perad, Laoder rnry , +vithout furtliei• noticr w� �iemand on Borrower, invoke any retoed'fes per-
<br /> m�tad bg par�+P� 1$ henof.
<br /> Nox-Ux[�ex Covuaa�xxs. Bori•o�uer and I.eudei• furtLer wvet�nt xnd ttgree a� folluws :
<br /> ' 1� ��lirt �a Exoert as �ax��•idcrl in � �araqru� �l � 17 lirreof, uron Borrower'e brenei� of anq
<br /> oowee�nt ct a�ree�oent of Borrnu•ei• in thi� \1ortRxqc, includi�iq tlic covenantA to pa,y wl�en dne any rnn� seeured
<br /> x
<br /> ' bp thu >Sort;a�e, Lendrr � +rior to accelenatiwi �:liall inail notice tu Horrn�� cr a� pro�•icir�i in tiaragraph L4 hereof
<br /> apeeifyia�: ( 1 ) tbe breath ; (2 ) the action requirecl to ��w �• �ucl� hmarlr. � 31 a dutc, aut leru N�an thirty dsye
<br /> Pe�oen th�e dste the ewGue is mailed to Borrou�f•r . 1 ,�• �, Inch �ucl � hrcurl � �uust tx� ew�esi ; and 141 that failum to cure
<br /> �uel� be�e�e�u on or before tl�e dx4e specified in ti �e noticc� ivav re�ult in acceleration of tLc �um� secund by this
<br /> !►1oet�e �ed eile et the Pm{�eriy . If the brracl� ie iivt curctii on �r l�efure tlir datr spiecifieci in tlir notice , Leader
<br /> at I.e�er"� option mry declrre all u! the suwir eecured by c!»� �lort,�sge tv I�e imtnedistefy due und �ayable
<br /> wikie�wtius#1�erdemand aod may toreciwe tliis !1lortgx�e by ltuiicial �iroceeding. Lcnder rhai! tx t•ntitlexi to colleot
<br /> ia sue4s ps�ooeedia� al! expenees of fomcloeum , inrlu� li�g, hut not timited to, costs of doew�ientary evidenee,
<br /> ' abrt� s�fl Litde repoet�.
<br /> 1� �wrr's 1i�Yt N �Aw Notwritfjoct,u�d�ng I.euder's aeceleration of the dumE xeeured by thir
<br /> 1�1�1«, Ee�e�a� is11 l�are tl�e ri�ht te hsve any Pev�cet+dieg+s hegun by Lender to eafome thia Aiottgage dis-
<br /> aeM�wd a�l aty tioe peier Eo mtry ef s jt�d�ment estfqpcing t19i� \Sortgs�e if : � a1 Borrower p�,ye I.ender sll
<br /> P �
<br /> � wurrwhiel� �lii brti�n dne m�derthie �iortgage, the Note iand noten eceuring Futurc Advsace� , if �ny, hsd no
<br /> fee�kei�e�1"eeearred ; (b) aerf�ewe* eutre a!I brrachre of an�� other covenamts or a�memente of Bocrower con-
<br /> �d r tiM llol�e ; tt) 9eKts�rer psye afl resuonable rz��+uec� uicurmi by I.ender in enforcing the coveaant�
<br /> a� a�e�rll�b ef i�e�aw�r eaat�i�ed ia thi� NoRg�ype xod i:i en{oreing I.c ncler'e re��edie� ae provided iA psrs-
<br /> re
<br /> �yi lilMli�s[, i�e�di�, M�t not �i�ed to. reaeae�a6le atiornev 's feac ; an+i idl t3orrow�er ts�es euc}� eatioa ar
<br /> ; i�1�M� M� �1w�llly �wias !s awre t�st tie lien of ti�io \lcxtgar{e. Leader's intt�t in the Froperty snd
<br /> , ' 8�'ht �i�a bs �sy �ie �s re�tird hr�r thu� Jtortg�e �l�atl continue ueim�aired. Upon wteh payment
<br /> ., , a� eY� � �, � Maeek�e atid xLe ob�atio�ns eecw+ed hembp rhall mmain in lull foroe and effect as if "�`� � :; ,
<br /> t r arMl�lll�s W +we�t�i. r
<br /> � �. i��MM1� 1ilr4M1 �MM �i �reii�7 L�irr is Alw��iaa A► r►dditional ee�urity het+e� w� `.
<br /> � _: � � �N1i� �1111%�1t YMw�t +�r aM��iMl�re�t af tYe E'4os�eetyp ha� riRl+t to� asd� retrin nro6 roab � '. �';,
<br /> �� �,� r�11�rw��+�irl� a� �aW�� ,
<br /> " nYfiil�e� Llla/t' �E�}i� li k�w+eiaf ar rt�radornwot, d tt�e Yro�e�tr . I..e�+der. ui #ae�ti:on. bv agent �" . n�
<br /> � M � ��� iMili� #II� bR � M +arber �ee . t:ioe pareeeRion oi and ���snage the P'erpeety ""�'" ' . 5"�
<br /> " :; MI� '�+�1��1� MYt 111111i� d 'llMlt.�r jilrAMf� tl1q�� NML due. At1 restr oollected hy I.ender or the receiver
<br /> , j t�il� � �1� M � d i�! eorir ef � et the Ptvperty sncl collection oi e�enta, including, but
<br /> � ii�l1A� M w�eN�r's 6w, �w�wr �a tveasrree'� b�als aad rniaeasble scxa�rsey's lAee. aM then to t,t�e sums
<br /> ' � sM�1i � +1�i� �M��1. L��r aii fis reeeirer a4�11 L+e liabic ta aeem�nt on�y for t6ore mnts QMuslly received . �
<br /> i �
<br />
|