|
� _ . �
<br /> � ��ot extend or � rostpoi�e the due dute ut tLc monthl} ii �-� :� llin�vu . roi��r:�ed tu iu � �aruRrnE�li� 1 und '� hereoT or
<br /> �, cliange the a�nount ut ,ucli installnie��ts .
<br /> ,� 10. Eorrowrr Not R�Lawd. L:xteneion of t6c timc 1��r � �a�• �neut ur modification ol awortization of the sums
<br /> �, secured by this ?14ortgage granted I�}� l .ender to an}• -uccec.m• iu iur�•ra•.� ul' Bon•o�ser sLsll noc operute to relesse,
<br /> � in any tnamier, the liabilit�� oI tl �e origiusl 13orroM��• r an�1 1Sun•u�c��r'� �uc�•e��or. in incem�t . I .ender Hhall not be
<br /> 0 requited to commence proceeciings against such eucceseor or reiuce tu extcud time for payment or otherwise modify
<br /> � � euwrtization of the sunie secured by this \ lortgagr I ,�� rcasuu ui :u�� demau�l madc by t6e origivai Borrower and
<br /> �1 Borrower'e succeaeors in interest .
<br /> 1`r. 11. Forb�armee by L�adss Not a Waiv�r. Any forbearance b,y Lender iu exerciaing �ny right or remedy
<br /> hereunder, oratherwise afforded L�� af��ilicablc lx�� . � lisll noc hc a �� ai�er of ur preclu�ie the czen:iae of any right
<br /> or reniedy hereuuder. 'I'he prorureuieut of msurance or tl �e � �u��� ueui of taxes or other liens ur charges by I,ender
<br /> ahsll not be a w�iver ot Lender 's righi to accelerate the inaturitc of thr mdebtedness secured b�� thie \?ortgage.
<br /> lY. H�m�di�aCumulative. All rru�edie, pro�•ided in tlu� \ fortgage are � listinct und curnulative to any other
<br /> right or remedy under tl� i. \ longug�� or ufTordo� l i ,y� ln�� or �•yui� } . aud ina� I �r ozc•rvi.�ed eoncurrcntty . independ-
<br /> ently or succeseively .
<br /> 19. Sueewors and Aaaigac Bound: Joint and Several Liability; Captionc. '1'} n� �•u� euunt� and agreetnente
<br /> herein contained shsll Lind . :�n�i the right � Lerciu�der ..hall inin-� � o , tl�o res��eotie� • ,iu•ces,or� :u�d xesigns of Ixnder
<br /> xnd Borroµ�er, �ubject to tl�e pru��isiou, uf �,uruK�:i � �h I ; h��rou( . All ru� ��nau � , xn� l ytir�ru��rnts o1' }3orrower sl�iall
<br /> be joint and se��erul . The i•a� rtiun� :in�l lio:tdiu�;.. ui tli � � � �:�rukrtt� �li.. uf rlii� \ lurt �;a��� :in• im i•unvenie�nc�� on !)' and
<br /> are not to t�e used to intrrpret ur � lefiu� • tti �- � iruci.iuu� lier�Y�i .
<br /> 1 {. Notite. Any uutii•� tu liurro�r� r � , ro� i� 1��� { iur in tlu- \ l � �rt �;u�� . hall I �r �; i � i•n fn• niailiu�; ..uvL nuticr !ry
<br /> �•rrtitieci � ueil ttddre...ed to li��rru�� �� r :u tii� I'ru� ��• rt � :1� i� iro.. ,t :at �•� I L� lu�� . � •��•� • � �t iur :u�y uutir� required under
<br /> � �acagr:iph 18lier��of' to be y:ic� n tu }turru�. �•r ii � ili�• iu:uiu� r � �r� ,cril �o� ! l ,y ;t{ ry � li� :{ I , lo I :t�� :� n�� noti�•e � n'ovide�l
<br /> turin this \lort-gage �liall h� � � le�• in��� i iu I�u �� r I �r��n Ri ��rn iu li� n�ru �cer �cl ,��u � ici•n iu i lu iu:su �n• r � i��� i�,nute� l Loreiu.
<br /> 15. Unilorm Morigaqe: Govorniag Law: Severability. ' I'I � i> ioriu �� ( niort �;a �;o ��umbiue, uniforw co�'euants
<br /> for nationa! use aud non-uniform cuvenunt .� �citli ] imite� l ��uri :itiuus I ��� juri�diction to conslitute a unitorm secu-
<br /> rity instrument eovering real � �ropert �� . 'l'hi� AIurtguKc ..I�ull I ��� �;u��ern��� i Ly tlic la��� oi thc jurisdietion in which
<br /> tife Yroperty is located . li � tLe c� em ihut ;u�y � n•u�•isim � or � • lau��� ut tL �. \lort �3gr or ih�• Note conflicts with
<br /> appllCsble law , sucl� conHict shall not nH�ec� otl �er � �ro,�isim�r� oi tlii� A ] ort �s�,e or the :Vote ��hich can be given
<br /> eHect without the conflicting pro��icion . un�i to ihi� rn � i � h�• � �rnaision� ui th�� A1urt�age aud thc Note are declared
<br /> to be eeverable.
<br /> 16. Eerrow+ir Copy. 13orrowrr �hssll Le iuruisl �r� i u �•� �niorwr� i � opr uf thi. \lurc�;a�;e at the time of execu-
<br /> tion or after recordatioii hereol.
<br /> 17. lrm�r o[ ths Prop�rty: Aaeumption. li ;ill or un�� � �art ol the Yrupertti� or su interest therein is sold
<br /> ortranaferred by }3orrower without l.eii�rt• > prior �tiritcru � unsent �•xc�ludiuR iai th�• crratiou of u lien or encum-
<br /> brancesubordinate to tliin Jlortgagc. ibi thc rreutiuu ui :� � �urii3u.c iuuucy securitp interest f'or household appli-
<br /> ances , lcl a transfer by �levi.r. .ieavent ur 1 �� u� ,erutiuu ui l :i��� u� �un ih�• drutl , of a joint tcuuut or � dl the �rant of
<br /> any leasehold int.erest oi tlirrc• }�rars or i�•a• nnt �•uwaiiung :n � u� �t wu i � � � mn•I � u�� . l .�•ndrr mxp . eu l .ender'� option ,
<br /> deelare all the eui�is srcured by thi: 1lortgago tu I �o inuuc� lci< <•lc � iu�� :uul � ,a}'ahl�•. Leu�ler shall havr �cxived such
<br /> uptlon to accrlerste if' , � �riur tu thc axle or tran�Ser . Le•n�l��r au� i tL�� � ��vsou tu �ehon � the Yropert }' is to be sold or
<br /> transferred rracli agreeincrnt in �criting tl� 3t the �•r�•dit ui � u�•I � � �er.�or� i, .,atisl3etorc tu Leuder and tt �nt the interest
<br /> �ayable on the eutnn seeure•� i hy thie �1ortKage �l�xll I�<� ut �u� li r:ato s� Lcnder shssll reyuest . 1f' I .euder hae waived
<br /> the option to uccelerate providrd in thi.� � ,aragrupl, 1 i :iud ii 13urro�� rr '. �u�•crr�or in interest lia� exeeuted a writ-
<br /> Len ax�iutnptiou »greeuient accepted in �crrt �ng b�• l .rn�ler. L�•rn1e�r �lixll rclruse Aurrowrr (row yll obligationc under
<br /> this Mortgage and th�• Aiote .
<br /> If Lender exercises eucl � option tu nrceler.�[ �• . I .endur ,hall u � uil tturrower notiee ol aceeleraciun in accotdanee
<br /> with }�aragra��h 14 }ieruo�. �uch noti� � .:lial ! � �ro� i� i�� :i � �crial ui uut I4••. tl �au 30 � luyn irum thc � 1u2e tl �e �rotice ie
<br /> uutiled u• ithin w}iicli 13oc•rowrr � �i3�� � r+� tlie >u�n� � iccl:u ��d du� . li liurru�cor iail � tu � �:i�� ..ucli suni� prior to the
<br /> expiration of euch perioei , I .endrr n�a�• . �� itiiuin iu �-� hrr uun�•�• or � i��ui:uni uu tiurro�� �•r . invokc� un}- remer9ies per-
<br /> mitted by psragraph 18 hereof.
<br /> !�or - i ' xirunia l 'uvr: Nw � ��n. Kurr� � H��• r ,� � �d l .eu�li• c fiu•tlu� r ��u���� utiiit. .iud u�;re�• ti . !'ollu��� s :
<br /> ! 1. AeqL[atiotf: R�medi�s. t•:�o��i �t .�� � ui �� �� io� l in i �:ua�;r:y � li 17 lioreuf . u� uiu BorroH�or '. hrruch uf an��
<br /> covennnt or agree�uc•ut ui Bonu�v�•r in il � i> 11uny;;i �� . inrliutii � �; � li� ru��onaut .. iu � �ct}� ��• h�•u � iu�� :in� .ums ..ecur�•�i
<br /> by this Alortgage . Leuder � � riur tu :�r��ch� r:. twn � luiil iunil n� �ucc � � � liurru�c.• r u> � u'u�� nio�l in � utira�; ra��li 14 herrol
<br /> npecifyinq : Ili thr brearli '. � 'l � tlu• ; iruc �n r��qwro� l tu riu � • . ui• li Lrox�•L . � 3i a � 1atr . nor Ic.• tli :in thir[ }' daVs
<br /> lrum the� dxUr thi• uotler i� niciil.vl tu liurru.� � r . ii � �� I : irh .u � l � hrravli nni.t i �i• � iuo� l : sn� l � 4 � t lud lailum tu rurc
<br /> .uch hrexrh ou or Lrftirr tLr date .� n��• ilie.l in tlu • � iuu ���� uui�� n•� ult iu scc.� li�rauun � �i tli�� � iuii� >courr�i I,y tl�is
<br /> �Iortgssge and ,nle o1' the Yroperty . lf ili�• f � n�aci : i- nui �� un �� i ui : u �� b��turc tli.� � I:n �• y ,i�� � ifi��� i � n il �r uutia� . I.e�ider
<br /> ut Lcnder'� option uisy � leclar� • ull ut tha• >wu. .��<�umd I �� tiu- \ lort �;u��• tu i �o iiuu �o� list�• I �' �iur an�i �iuyablr
<br /> w� ithout further demand anri ma�• iorc�• lo,�• tlu� A1urt �;a�r I ��� iu� ii�� iul � , rur�•rdin� L�vuica• .h:ill I ,.� ��ntitl�•� i to rollect
<br /> in cucL T �roceeding all cx�,��•ris�•s u1' lumrloauro . inrhuliu� . hut uut lunn ��� 1 to . ru..t� uf � {u�� uu�cnturc r��idencr .
<br /> abstracts and titlr report�;.
<br /> 1�. �Oelow��r'f �i9ht to R�iedat�. \ o[�srtii..tuiidln�; Lou� ier ., ac� �•li• rutinn u1 the .un �. .ecumd I>y thih
<br /> Mort�age, Borrower �,hall have the right to ha�•e xny � �rucerdin�:� h�•y;un tn• l ,�•n� ic•r to . •n(om.• thir �IortKa�e dis-
<br /> ctuttiaued at any time prior to entry of a jud�:u�ent ��nfar�lnk thi, \ lortkaKi� IL � �x � liorruw�• r �iaye Lender all
<br /> �ums whieh woutd be then due under thi� \ Iurt �;aRc . tl �i• Xot �� :ui� i note., .rcurin� }l �nir� :1d��.tnc� • . Sf an�' , had na
<br /> acceleration occurred ; Ib � Borrower �•ure.� :�11 I �n:irh .�� uf unv � �th�•r oo� � •n:tnt < ur u �:r��rin�•nt� of Aorrawcr von-
<br /> tai�d in thfe !�loetgage : Icl l3orrower �,syn ttll rrasuu:tbl� rs � ��•n.c•� uu� urrrd h�� Lcn<1�•r in ��n (orr� n� the �•u�•rnairtn
<br /> aed a�reeened�fs of Borrower contained in ttus \lortKu �c :uid � n �•nturclu�; Lon�i�•r '. n•u �e�d1�•. :ir � �ro��i�1��d in para-
<br /> 6rsph 18 hereof , including, hut not limitrd to , rraronahl�� :itturnr�� '� ic�e� : nn� l irl i Korrow��r takE�s �iirh xrtion a�
<br /> I.endermaq re�wnsbly require to useure thut the Gea oi thit \ lurtKa�;�• . I_<�uder'- ir.terert in thr Pro��erty and
<br /> Bot^ro��er's obl'fption W pay Lhe sums aecured My thi� �lortkaR�• .hail routinuo unimpair��d i ' � wn .urti � �uyment
<br /> aad eure by Borroaer, this _►fortgsge and the obli�atiou• .rcured lu�reb� .hall r�•iusin in full furce an�i rtTcet aa if ' ,'�
<br /> no reeeleestion had oceurre�i . �;";'
<br /> �. ��N! OE ���1�: �elwl�at o1 �e�i��r: I.�ad�r iu Poyerion. A, ad�.litionul security hern- �
<br /> usder, Boeeswwer Ae� Yrig�►s to t.etRder the rent�: of the Pe�cK�ert �• , pro�•idrei fhaf Ht�rro��er �hxll , priur to acceler- I �
<br /> akioa m�er parf�aph IB hereof or abandonment of thc Pro�x•rty . hx��o the ri�;ht to coticv�t and retain nuch rentti �
<br /> as t1re� brese+r dnr and �+ayaF�iv
<br /> i7paw �oaeiewtion ut�Pr ��Y!'�rr4�l� 18 hrn�c+f � �i• nhxndonmrnt � � f thr F' r�it �rrtv i,rn�lrr in � �rr.� �n L�� HKrut
<br /> � �+^9 1���Y iPP'o�nted :�eeeiver ehall he eatiiled t.o enter u�wn . take �wF:�.i.•ion uf xnd ivanaKe thi� YroE�ert ��
<br /> ud te o�l6eet the roeU of the Pt�erty , it�cludin� thode puet due. A11 rent. collecu�i t ��• l.rn.ler or t6e i•eteiver "
<br /> rhili be spplied firrt W payment of the ooW� of tuar��rment of il�e Yro4x�rty au�i �•ollec•t iun of rc nt ... inrludin�, i �ut
<br /> not I�outed to, reee�ver's fees , pertnwnu; on rererver 'r lwndr< �n� l r��asonable ,utornr�• '� lers xrni thrn to the �un�.�
<br /> aseurad by thfs Mortgf6r. I.et�der and the reoeiver shall Ix• liahlr to x000uni onh� for tfio.e ri•nt . �rtuxlh• reoc•i���-ri
<br /> �
<br />
|