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<br /> � noG extend or ��ost.pone the� due date of tl�e montlil5�� i ��stallu��ents referred � to in pa,ragrapl�s 1 and 2 hereof or
<br /> changci tl�e amount of such insthllinents,
<br /> 10. Borrower Not Released. Extension of tlie tin�e for paymei�t or modification of umortization of t}ie sums
<br /> secured by this'�3ortgage grantec( by Y.ender to an}� successor in interest of Borrower shall not .operate to release;
<br /> in any m2nner, the liaUility of tl�e briginal I3orro�rer and Borro�r•er's siEccessors in interest. T.ender shall not be
<br /> � re�uized to coininence proceeciings againsi sucli.suceessor or refuse to extend ti�ne for gayment or other�vise nxodify
<br /> i „� aniortization of the sums secured by tl�is �fortgage by reason of any demand made by the original Borrower and
<br /> + �y Borrower's successors in interest.
<br /> 31. Forbearance by LersderNot a Waiver. Ai�y forbearance by Lender in exercising any right or remedy :
<br /> � hereunder or otherwise afforded b a hcable ]acv shall not I>e a wai-rer of- or reclude the exercise bf an ri ht �
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<br /> k � or remedy hereunder. The procurement of iusuraTice or the payment 'of tiaxes or other liens or char�es by Lender .
<br /> ' � shall not be a iv�iver of Lender's right to accelerate ttie maturity of the indebtiedness secured bp ,this Mortgage. �
<br /> ' � 12. Remedies Cumulative. ' �11 remedies providecl in tlus \lortgage are distinct and cumulutive to any oth8r �, '
<br /> riglit or remedy' under this .11ortgage oz• ufforded by l�«• or equity . 3n�9 m�5� l�c exercised concurrently, independ- ' ,
<br /> r ' ently or suceessively. ' i
<br /> � ' T3. Suceessors �d Assigns Boussd; Joint amd Several Liability; Captions. The covenants and agreements ;, . ' ! '
<br /> ' � herein oontained shall bind� ;�nd tl�e rights l�ei�eunder sliall inure to, the respectivc successors and assigns of Lender
<br /> ssnd Borrower; sul�ject to the piovisions of p�ragr:y>h T7 hereof. Ail covena,nts and agreements of Borrower shall
<br /> be jointi �nd several. ' The captions and lieadings of the paiagra��hs oS this � Iortgsge ure for convenience only and
<br /> 3 are not to be used to intierpret or define tLe provisions liereof.
<br /> 1 14. Notice. Any notice to Borrower pro��ided for in tt�is ilortgage slialf f>e given i�ylnailing such motice t�y
<br /> certified mail addressed to Borrower ar, tlie Yroperly Address stated below , except for an,y notice required under � '
<br /> ` ' paragrnph ] S liereof to be given to Borro�+�er in the inanue. r �mescribed by- stip��licahle law. An�� notice provided E `
<br /> 'for in this \iortgage shall be deenieci to Lave Leen given to Borx-o�cer ��� hen given in tlre mauner designated herein. , '
<br /> 15. Uniform Moztgage; Governing Law; Severability. '1'l�is fonn of mortgage combines nniforin covenants
<br /> ? for national use and non-uniform covenunts �vith lin�ited variations b�• j urisdiction to constitute a uniform secu-
<br /> � ;, rity instrunient covering real property. This \Iortg�ge sh:ill l�c governed by the lativ of the jurisdiction in which
<br /> ' i the Property is located. In tlie event thaf any provision or clause of this \Zort,gage or the Note conflicts with
<br /> s upplieable lativ, sucli conflict shull not affect otUei• provisions of this \lortgage or the IVote which can be �iven
<br /> ' ; ' effect without the conflicting provision , and to this end the provisions of the �1ort6agc and the Note are dectated
<br /> to be severable.
<br /> F r 16. Borrower's Copy. Borrower shall be furnisl�ed n conforrned copy of this 17ortgage at the time of exeeu-
<br /> tion or after recordation hereof.
<br /> 17. Transfez of the Property; Assumption. If all or any part of' the Property or an interest therein is sold
<br /> ' or transferred by F3orrower �vithout Lender's prior written consent , excluding ( a) the creation of a lien or encum-
<br /> { brance subordinate to this A4orLgage, ( b ) tlic creation of a purchase �noney security interest for household appli-
<br /> ances, (o ) a transfer by devise, c3escent a• by operntion of la��- upou the death of a joint tenant or (d ) the, grant of
<br /> any7easehold interest of three years or less not contaiuin�; ati option to purchase, Lender may, at Lender's option,
<br /> declare all the sums secured by this Mortgage to be imiuediatcl�� due and Payable. Lender sliall have waived such
<br /> option to accelerste 9f, prior to the sale or tran�fer, Lendcr snd the person to whom tl�e I'roperty is to be sold or
<br /> t;ansferred reach, agreeinent in writing that the creditbf sucl� person is satisfactoiy to Lender and that the interest
<br /> paysble on the sums secured by this D-Sortgage s1�aU be at such rate as I.ender sl�all request, If Lender lias waived
<br /> " the option to accelerate provided in this paragrapl� 17 snd if 23orrower's suceessor in interest has executed u writ-
<br /> } ten assumption agreement accepted in writing by I.ender, Leuder shall release Borrower from all obligations under
<br /> � this Mortgage and the Note.
<br /> , � If Lender exercises such option to accelerate , I,ender shall ±nail 13orrower notice of acceleration in accordance
<br /> s, �vith paragraph 14 liereqi. Sucl� noticc shali proridc a period of not Iess than 30 dsys fran ttie dxte the notice is ; '
<br /> mailed within which 13orrower may pay tl�e sums declared due. If ]3orro«•er fails to pay such swns prior to the
<br /> ex�ira,tion of such period , Lendei• inuy , �eitliout f�aiKl�er noticc or deiu�nd on B'orroFcer, invoke any remedies per-
<br /> mitted by Aaragraph 18 hereo£.
<br /> 1�Tox-UxiFoaaz CovF;xn�Ts. Borro�cer aucl Lendei• fui•t.l�ei• co�•enarit and ag�i'ee as follo«•s :
<br /> 18. Rceeleration; Remedies. ExceF�i x� pi•o�•ided in � �:iraigr:i ��6 17 l�ereof , uF�on �3orrower's hreuck� of un}•
<br /> covenanL or agreement of 13orro�i�er in this lfort�;agc , including t6c co�•enants to pay �i�hen duc any sums secured
<br /> by this \lortgage, I.ender l�riur� to accelerati�u J �all mnil notice to 13orro�eer as pro��ided in paragrapl� � 14 Imreof �
<br /> � speaifying; � fl ) the breach ; 1_2 ) tl�e nct�ion rcqiiiird to ciu�e ,ucli hreach ; � ( 3 ) x datc, not less tht�n tliirty dttiys � �
<br /> frprn the date the noGice is mailed to 13orro��•cr. b�� ��'liicl� �ucii Lre:icli iuust be cured ; and ( 4 ) that failure to curc
<br /> such breaeh on or Uefore ihe date specified in tl � e notice may result in acceleration of Lhe sum. secured by this
<br /> ?�7ortgage and sale af the Pro��erty. If the Ure�cli is not cw•ed ar. or before tl�c dute specifica in tl�e nvtice , Lender
<br /> � at Lender's o��tion n�ay dccl� re all of tl�e �uiris secured bp thi� A�1urLgt�ge to be inmiectiutelv due �nd payable � �
<br /> w•ithout further dernand z�nd may foreclose tliis \iortgage l�y� judieial proceeding. 1 ender shali bc entitle<i to collect
<br /> in such �roceeding all expenses of foreclosu:•c . includin�; , bui not limSted to, costs of �9ocumentary evidence,
<br /> abstracts and title re�orts.
<br /> 19. Boaower's Right to Reittstate, tiot.u�ith�tandii�� I.endez's accelc:ration nf the swnc cecured i>y this
<br /> Mortgage; Borrower shall have the right t� have an}• ��roceeding� begun by Lcnder to enforce thi, 34ortgage dis-
<br /> continued at any tune prior to entry of a judgmenk enfo7•cing thi� '�forcgagc iti ( a ) $orro«-er pa,ys Lender all
<br /> sums which would be then due under this 31ort�;xge; tlic Nate 2ind noces securing Futurc Advainces, if anv, had no
<br /> aeeeleration occurred ; (b ) Borrower cures all brcaclic� of unp utl�er covenants ur agreernents of Borrower con-
<br /> t,sined in this Mort.Gage ; ( cl Borrawer nayc :ill reasonahtr r��ni•n:es inrurre��l bv Len<ier in ��nforeing the eovenant,�
<br /> and agreements of Borrower eontained in this �4ortgaRe und in euiorcin� Lender's reinedies as provided in Parn-
<br /> graph 18 hereof, including, but not limited t.o, re�,oni�tiie attorneye fee� ; and id ) I3orrower take, such sciion as
<br /> Lenden may reasonabl,y require to assure that thc tien ot lhis \tortgage , Lender's intcrest in thc I'ropertti• and
<br /> Borrower's obligation to }�a,y the sums secureci bv thi� �lort�;.s,e �l� al1 continue xinimpxircd. LTpon suah payment t '
<br /> and cure bv Borrower, this Mortgage and the obligntione secured hereb�' sh:�ll remain i�n full forcc and effect as if -�,,, '
<br /> no aaceleration had occurred. ' �
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<br /> � � �20. Assigssss�ant ot Reats; � A,ppoiatmeat of Receivar; Lender in Possession. .as additionnl security here- � �" .. :,,y„`
<br /> } und+er, Borrowei herebgassigns to Lender tl�e rents of the Propertq. pro��ided that Borro«-er shall , prior to acceler �r�"e �`
<br /> 3 atian under paragraph 18 hareof or ab3ndonment of the Yroperty, havc the right to coliect and retain such rents "��*+�,�
<br /> : asthey becomedue and }�ayable: ' ' �'
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<br /> L�pc:. accciemt:on undcr ;:arabragh 38 :zcrccf cr •�'iandonz.�ir.n; of tl:c Yropc.-t; , Lcndcr, :r. {icrsor. , b}• agcnt ,� �, ,
<br /> trr �y judicia!!y appointed re4eit�er sha11 h� entixled to ^nier u;±oa, takc 7�oset �siot: ef ;nd m�rage thc Yropert}• _ ie,,,,�,�;;, " , t;,
<br /> and to collect the renta of the Property, including thos+e past duc. All rents callected t7y Lender or the receiver � "
<br /> shall be applied first to psyment of the costs of management. of tl�e Pro}>erty and collection of rent� , including, but �
<br /> not limited to; receiver's fees; ��remiums on receicer's bonrl� and masonable xttorney 's fees. and t.hen to the sums
<br /> � secured by this Mortgage. I.ender and the reeeiver shall I>e 1iu61e to secotmt only for those rents actualty recei��ed .
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