|
� .
<br /> � �
<br /> not extend or postpone the due e�aLe ol thi• munthl�� in�t :� llrni• nt � r�• lerred w in � �ara�;raph, 1 and 'L hereof or
<br /> change the amount of sucli install�nents.
<br /> � 10. BOssowor Not A�ara�d. Extension of tl�e• time for � �ii}-ment or in«iitication of a�nortization of the autns
<br /> pp secured by this !�iortgage granted by I,ender to an}� �w�cessm• i�r interest of BorroN•er rhall not operate to release,
<br /> � � in any manner, the liabilitp of t6e origival Bon•o�aer ssnd Burro�c��r'r �ucces�orr in interest . I.ender sha►! not be
<br /> �. required to commence proceedings against ,ucli eurcessor or rrfu.e to extend tiine for payment or otherwise modify
<br /> � amortisation of the sums seeured Uy this \ lortgage hy reasuu oi �ny de�uand m3de by the originat Aorrower and
<br /> C+ Borrow�er's succeacors in intereat.
<br /> � 11 . Farb�arraace by I.�ad�: Not a Waivoa Auy forbeurance by Lender in exercising Qny right or remedy
<br /> � hereunder, or otherwise afforded b}� upplicable ISN' , sI13II not I ,e a �caiver of ar preclude the exerciee of any right
<br /> or remedy hereunder. The procurernent af insurance or the � �ayinem oi taxen or other liens yr charges by Lender
<br /> shall not be a waiver of Lender's right to acceler:tte the �naturity oi t he indebtedne., secured by this '�Iortgage.
<br /> 1Z R�m�d'us Cumulative. All remecliee provided in tiii� \ iortgage arc �listinct and cumulative to �ny uther
<br /> right or remedy under this \lortgago or :ifford��1 h}� la�� ur ryuir �� , an� i u �a�� Lo rxrrci.ed canrurrently, independ-
<br /> ently or euccessively .
<br /> 19. $ueeosson md lls�iqos Bound; Joint �d S�veral Liability; Captiona. 'I'h�• co��<�nxntn and agreements
<br /> herein contained shall bind , and the. rights Lereunder �hall inurr� � u . thc rre� �ec�ti� � � .uccessors xnd assigns of I.ender
<br /> and Borrower, subject to the prueisiun� ot � �;iru�r,� � ,h 1 ; I �rrt•uf . All ro�•�•nant .. an� i :�grecm.�nts ot Aorrow�er nhall
<br /> be joint and rr��ernl . The ca��tionn :snd li.�sding� ol th�• � iar:sKrn� , li. oi ihi.• \ lurt �a��� am for rou ��enic�uce onl�� and
<br /> are not to be used to intrrpret or definr tlir � �ru�•i.�;un . hereoi .
<br /> 1 �. Notieo. Any notici� to lioi•ro�+�er � ,ro�� ided iur in t6i� AIortR,i�;� � . i �.� ll h�• �;i ���•u h�� iuuiling . ueli uotice b��
<br /> certified mail xddre,�ed to Borro���er eu rlu • Yru� u•rt � Ad� In�... .r.,t �•� I h.rlo�� . � � �r�q �t iur :� n� nuuce rryuired under
<br /> �aragra��h 18 hereof to be Ki�•�•u to Borru�� �� r iu tl �c ivanucr � � n •.vrib�•� 1 I ��� :� � q � lu�ahi�� la ��� 9n�� uotirr ��rovided
<br /> forin this \longag� �hall 1 ��� dee�ueii tu lia� �• I �oru �;ici•u tu liurru �� �a �cLon �;i � eu �u th�� � uanuer dc�si�ussted herein .
<br /> 15. Unitora► Mortgaqe; Govanaiag Law; Seve:ability. "I'lii � funn uf n�urt �;:igc � uinbine�� unifor�n co�•enai�te
<br /> for national use �nd non-uniform covenant . �citl � liiuitc�i �� sr�ati.m- h�� juri,diction to ruustitute a uniform secu-
<br /> rity instrwnent covering real propert �� . 1'his \ lurtgaqe .hull lu• k;u� rrur� t }>�• tlic Iac� ol the jurisdiction in which
<br /> the Property is located . ln the c��ent ihut :ui�� pro � ision ur � lause ui tl � i.> � lortg:s�e or thr Note conflicts with
<br /> applicable law , such conflict �hall not 3fi'ect i�tlier � �ro� ision, uf ti� i. \ lurtgage or t6c !`ote which can be given
<br /> effect without tLe conNicting pro��isiou , :ind to thi� end thi� � n�ovi�;ionr oi tlie AIort�aKe nnd the Note are declared
<br /> to be eeverable.
<br /> 16. Dortow�ra Copy. Borrower shall bi� furnislied u oonim•�ued �•opv uf this \ lor[g�Ke at t.he time of execu-
<br /> tioa or after recordation liereof.
<br /> 17, hmfsi�s o! the Prop�rfy; Jlrsumption. II all ur a�iy � �art uf fhe Yroperty or su interest therein is eold
<br /> or transferred by Borrower without. I�ender '� ��c•ior �critteu ��unse�� t , ��xcludir�g � a � the creation of a lien or encum-
<br /> brance subordinate ta thie �lortgage , ibi th.� creatiou oi ;a }�urchu��� �uui,e}� securit }� interest tor lioue3ehold appli-
<br /> anaes, ( c ) s iransfer by devise, de�crnt or h�� v� ,rrntiun ui 1 .���� u � �on thr d��ath uf a ,joint tenant ur � dl the grant of
<br /> any leasehold iuterest uf tl �rce yeare ur 1<•st not �•untainiuR :ii � u� �nuu � u � �un•hasc , Lender may , at Lender'e option ,
<br /> declare all the suins �ecured b�� this '�Sortgagr w br iw�i�ediuti�h� . iuc ;iu� i Eiayable. I ,ruder shall havr µ�ai�•ed such
<br /> option t,o uccelerate if , prior to the sale or vttnafer, Lcndcr :in� ! t lu� � �er.on to wlio�u tlie Yropert }� is Co be sold or
<br /> transferred reacL agreement in ��•riting tl! at tlu� rrodit ui su��li � ,i�i:�on i. .atirfa<•tmy to I.cnde:- and thnt the interee�t
<br /> psyable on the sum� seoured by this \lortgage shall b�• at . u�•li iat�� a.. L��nder ,hall request . If I.ender has waived
<br /> the option to arcelernte provided in this �iaragrxpli 1 i and ii liorroHer',- nucrensor in interest l�as executed a writ -
<br /> ten aru�umption agreertient accepted in µ�riting by Lcndrr, Lendrr �hxll rrlesee Borrow•i r Cron� xll obligatiune under
<br /> this Moztgage and the Note .
<br /> It Lender eYereises surli option tu accelerutr , Lender sL:ill �uail }iorrower nouce oi acceleration in accordence
<br /> witli paragraph 14 hercui. �uch uuticc �liull � uu��id. u � xv�u� l ui i �ut le.- thun 3U � lu�•t frau the date the notice ie
<br /> mailed w•ithin which Borrower ivat� � �ay th�� suni. �icclurrd �lu��. li 13urrowrr iail > tu � �u�• �uol� .uuis prior to the
<br /> expirrstion of such peri«I , Lender n�ay . �cithuut f�irtLi•r notirc• ur �irm;ui� i uu tii�rroHer , iu� okr xny remedies per-
<br /> mitted by paragraph 18 Lereof.
<br /> NON -PNIF08M (. 'ovt: xns �r�;. liurrotirr .iuci l.endi� r 1'urt�lior ���.������ � aut an�l a�;� r�•�• .i. 1'ulloH• . :
<br /> 18. ACC�L[ati�: R�medi�a. l�a���q �c u. ��� ro�� �� lt•� I in � �;u;i� rn� �h 17 IiorruL u � ��.�u Rurr� �w�c�r '� hrrai• li of anv
<br /> covenant or agreement of Bon�o�cer iu � lu. �furt };n �;� • . iu � lu� lin�; t } u� ��o��a•nunt . iu � �u�� �shon �jIIC NIl \' .UII1� .+PCW'f/�
<br /> by tliis Jlortgage. Lender � � riur to ttc��rlr�;�tiou . Iial � w:ul nuui�r to liurni�� ��r u� � u•o� uir� 1 in � utra�; r� ��li 14 I�ereof
<br /> apecifying : ( 11 the brexch : i2i thr :i�•uo� i re� �uirrii tu iurc .ui• li brrarl � �. i3 � ;i � {utr . nut Ic�s tl�uu tturri• daV�
<br /> from the date tho notice� i, n �uilr�l tu H� �rrui. or . L�• icl ;i� l � . u � I � l � r� � :irli u � u�t L� run � i . :in� t ; 4 � tic�t failwo tu i urc
<br /> �uoh breach on ur brfore tl �e dxte .Eieritir� i in Ilir nou��o u �u� rr..ult m a�•r��lrrauun u� th, � �uui. .e��•uri•d hv this
<br /> 1lortgage and axle of the M•operty . ! t the tirea��l � �, nut curc•�i u�: ur befum tLe d;u �� .Eti�citi�•�l m � h�• nutice , Lender
<br /> at Lender's option u�aY dec• Iar�� all u( thc• .�uiu. ,r�• ure�l I ,y tlii > \lortp;age tu 6c• in �uu�� iiatrly dur :3n�i payable
<br /> without further demxnd and �na�� tbrerluec tl � i, AIurt �;uK�� I !�� � u� 11ou� 1 �nvicee•dm�; l,endrr �hall bi� ,•ntiUc�1 to collc+ct
<br /> in cuch prceeeding all rxEx<n�e. uf Inreeloaur�• . inolwlin�; , hut rnn liiuito�i t �i , cu�t � ui � 1cN•mu�•utarv r��id��nce .
<br /> abetracte and title reportn. �
<br /> lY. EO�sew�r's �iqht !o $�iastat�. VotH' itli,tau� imE; Lru�icr '� uo�•rl��ratiuu of tl�.� .uin� ,:ecuriki by this
<br /> Mo1'teage, Borrower shall hat�e the right to ha�'e xny ��rcuerdm{;• b.��;un b�• Lrnd�•r tu �•nfor�.� thi� �tortgagr dis-
<br /> eoatinued at any tiQ►e prior to entry of a � udp;menr �•�iC��inR tiii� \1un �;a�r if ica � Hurruw � r payn I .rnder all
<br /> aurna which would be then due under ti�is \lurtKxRi• , thi• \otr und notrn �e�� ur� u� 1^' �rtum Ada�anci�� , if' anv , hatl no
<br /> acceleration occurred � i l, l Aorrow•c•r rt:r�.. ci ! ! 1 ,r�•a� ! :� � ; ;i .u:� .;: L. : , ., , : :.,i: ; : .� r ..�;n � nn t, t., „( t3J17'UN ci , un -
<br /> tslDed in this !4Sortg6ge : Icl Borrower C�aVv ali reuron.� hl�� �•�� �rt�.c.• u��urnYi h� L��nde�r in onforrin�; the rovenuntr
<br /> and agl�eemeata of Bot'rower cont8ined in thi� \tort �x�e and in c�nforoinK L�•nii��r'. rrn �edier as provicled in pars-
<br /> grsph 18 hercwf, ineluding, hut not limited to , reawt� able atturnc} '- ic��.- . uwl � di Borrowir takcr .ucti action ur
<br /> I.ender ensy reawnably require to aeeum that the lien of thi• \ lort �,s{;c . Londer'� ir:terest in thc Yropertt• and ;
<br /> Bosrow�er'e obli�ation to psy the sums aecumd by thir lfortKxq�� .he� ll �•untinu�� uniuipaired C'pou .•uch � ia}•ment '"
<br /> aad euTe by Borrow�er , this Mortgage und the obly;atiun� :ecumd hrmh�� .I�ull remain in iull furre and rflect as if � � ' �`
<br /> no aooeberation had oocurred.
<br /> �: ::
<br /> �. Afi��et aE SMM�t Appail��l at Wdiar: Lad�r in Pow�ioe. At rdditional securit,y here-
<br /> under, Sorro�ver hereby arsitns to Ixnder the mnts of the Propen �- . � n•o��ided thst Bormw•er rhall , �irior to ucceler-
<br /> atien ander par�rsph 18 hereof or abandonment of the Proi>erty . ha��c thc ri�ht to c•ollect snd retain �uch rents
<br /> ac they Leoome due wnd �ryaLlr.
<br /> L'pon aeceleratian under �wra�rre�l. 18 l�w <wf ur alrnixluru��ru� uf ii �r ! 'r.ry �rrn . I,eu�irr , in � kr�un , by agrnt ,,,,,
<br /> or by judieinlly sppointed receiver ahall he entiticv� to enter u}�on , take ��o�:e}c ��ion u! and � ��anaKe thi• YmFic-rt��
<br /> and W ddleet tht t+enb oI the PTo�eitY. intluding those past dae . All rents i•ollrcteil h�� Lrnder or ihe n•ceiver
<br /> 6�1L�� bQ iFlil�iE/{ �1� � PYV'1�1l11t OF f�1P 1'Allt�dt ll( IIlfIR1�E�'AiPI1f 11f 1 ��r Ytv���vrY �' `1I�• { rn� lnn� ����. i�l r.r�1 - . ! t• rl � . r� : .lti I ���r
<br /> n�, limited to. reoeiver's fees. premiums on mceiver'e: Iwnd� snd r.�xsonxhle attornrv '� f�•�•� an� { thrn tu tl �e .wn.�
<br /> seCu!^Cd by this Mortgage. I.ender and the receiver Fhall !n� liable tc� Hc�•uunt only for thu��� re•nt , ;i�•tu :� llc n•o�� i ���•� i �
<br />�-
<br />
|