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<br /> uob extend or post.poiie: tlze due date oi tlie �nonthly� i �7�t :ill �nent� refci•recl to iri p:�ragraphs 1 ac�d 2 hereof or
<br /> cli�nge the amount of such instnll�nents.
<br /> 10. Borrower Not Released. Iixtension oi t.he tin�c ior �>ayment or modification of amortization of the sums
<br /> secured by this l�lortgage granted bp I.ender to an,y successor iTi intei•est. oY Borro�ver shall iiot .operate to release,
<br /> in :xny inanner, tl�e liability of tlie originul 13orro�ver and I3orro�ccr's ;uccessors in interest. Lender shall not be
<br /> required to commence groceedings against sUcli succe:sor or re(u5c io extend time for pr�yment or otherwise modify
<br /> amartization of the sums secured by tl�is \Iortgage b}• reason ot an�� deinand inade Uy tiie original Borrower and
<br /> r Borrower's successors in interest.
<br /> � 11. Forbearance by Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy
<br /> liereunder, or otherwise afforded by applicat�le lar�� , shull not be a w:�i�er of or preclude tl�e exercise of any right
<br /> or remedy hereunder. The procui•emenG of insurance or the payment of taxes or other liens or charges by Lender
<br /> shall no� Ue a waiver of Lender's riglit to acceler:�te the maturity of the indebtedness secured by this Mortgage.
<br /> , � 12. Remedies Cumuiative. r111 remedies ��rovided in t.lris \iort.gage :�re distinct and cumulative to any other
<br /> right or remedy under this \Iortgage or ufforded bv lu��• nr equii��, anc9 may be exercised concurrently, independ-
<br /> ently- or successively.
<br /> �,j 13. Successors mnd Assigns Bound; 7oint and Several Liability; Captions. The cos•enants and agreements
<br /> ' C�J herein contained shall bind , and tlie rigl�ts hereunder .�hall inure to , thc respectivc successors and assigns of Lender
<br /> �y+ and $orrower, subjeet to the pro��ision� of paragraph 17 hereof. :111 covenauts and agreeinents of Borrower shall
<br /> � be joinG and seversl . The cs���t�ions ;�nd l�eadings oi tl�e paragr� pli� of fliis �Iort�uge are for coirvenience only and � �
<br /> ' � are not to be used to interpret or define tlie provisions l�ereoi.
<br /> �, , . ] 4. Nolice. Any notice to Borron-cr provided for in thi� Alortgagc shaJl la� gi�•en l�y inailing sucl� notice bp �
<br /> � r,ertified �nail .�ddressed to Borro���er at tlie Yropert�� Address stated hclo�+� , e�cept for any notice required under
<br /> � paragraph 18 hereof to be given to I3orroticer in tlie � n.�nner �ire,cribed !;�• a�>�r{ irible la��•. �ny notice provided
<br /> � for in this \Tortgage sha11 be deemed to hace beeu gi�•en to Borro�ver ���hen given in che inanner designatecl herein .
<br /> I5. Uniform Mortgage; Governing Law; Severability. '1'his iorin of mortg.Lge combines uniforin covenants
<br /> for national use and non-ixniforn� covena�ts witl� limited variations by jurisdiciion to constitute a uniform secu-
<br /> rity instruinent covering real property. 'This \Tortgage shall l�e governed by the l�w of the jurisdiction in which
<br /> the Property is located. In the event th;�t any provision oi• cl:�use of this lfortgage or the Note conflicts with
<br /> applicable law, such conqict shall not affect other provisions of this �Iortgage or t,hc \Tote whicl� can he �iven
<br /> effect without the conflicting provision , and to this end the provisions oi the \fortgage and the Note are declared
<br /> , , � to be severable. �
<br /> 16. Borrower's Copy. Borro�ver shall be furnished a conformed copy of t,his \Iortgage at the time of execu-
<br /> tion or after recordation liereof.
<br /> 17. Transfer of the Property; Assumption. If zll or 3ny part nf the Property or an interest therein is sold
<br /> � or transferred by Borrower without Lender's prior written consent , excluding (a ) the creation of a lien or encum-
<br /> brance subordinate to ttiis \Iortgage, ( b } tlie cmation of' u ��urchu�c money security interest for l�ousel�old appli-
<br /> ances , (c ) a transfer by devise, descent or by operation of la��• upon the deatli of a joint tenant or (.d) the, grant of
<br /> any leasehold interest of tl�ree years oi• less not containinn an option to piirchase, Lender mny. at Lender's option,
<br /> declare all the sums secured by tl�is \1ori�agc to be iimnediutcly due aiid p:�yzblc. Lender sliall have waived such
<br /> ; option to � ccelerate if, prior to the sule or transfer, Lender aud tlie person to whom the Yroperty is to be sold or
<br /> transferred rescli ugreemeni in writing t.liat the credit of such person is satisfactory to Lender and tl�at tlie interest
<br /> payable on the sun�s secured by ihis �lortgage sl�all l�e at sur, L rate as Lender shall request. If Lender l�as waived
<br /> the option to accelerate provi3ed in this pai•ag�apli 17 and iF I3orrower's successor iT� inierest• lias ekecuted a �vrit-
<br /> ten assumption a�reement accepted in writing bv Lender, Lender shall release Borro�i•er from ull obligations under
<br /> ;; this Mortgage and the Note.
<br /> If Lender exercises sucli option to acceleraite, Lender shall �nail Borrower notice of ucceleration in uceordance
<br /> witlr paragraph 14 hereof. Such notice shall provide u period oC not les. than 30 tlays from � tl�e date the notice i5 � _
<br /> mailed witliin whicl� Borrow�r may pa}- fl�e sums declared due. If 13orrower fflil. to pay such sums prior to the � �
<br /> expiration of such period , Lender inay . �vitl�out fw-tl�er notice or �teivand on I3'oi•ro�r•er, invoke any recnedies per-
<br /> mitted by paragraph 18 hereof.
<br /> i�'ox-LTxiFoa�az CovExn:�rs. Bori•owez• and Lender fui•tl�ca• �uce�iant and abi•ee as i'ollo���s :
<br /> 18. Acceleration; Remedies. Isxcept .is pro�� iftc� l in ii.iragr:i � �h 17 lic�i•cof , iipon Borro�ver's !'ireticli of � ny
<br /> covenant or agreement. of Borrower iu Uii� \Ioi•tR:i�;i� . includin�; thc covenax� ts to pay t+�hen ciue any satns secured
<br /> by this \lortgage, Lender i�rior to acceliraYion �hall muil uoticc to I3m•r�>���er a= �irovided in para�rapli 14 l�ereof � � �
<br /> specifying : ( I ) tl�e breach ; ( 2 ) tt» ncciun rcquired W cwr such hre�rli ; 13 ) u d�Li , not less [litin � thirty days � � �
<br /> from the d�te tlie notice is inaileci io 13orro�� cr, irti� �� i � icli =ncli hre,ticl� niust i.ie cured ; and ( 4 ) that faiiw•c to cure
<br /> such breach on or before the dute specified in thc noticc �uay re,ult in �scceleration of t.lie sum� secured by this
<br /> � �lortgage and sale of the Propert,y. If tlie breacl� is nut curad on m• before t] ie date specified in tl'�e notice, Lender � � � �
<br /> at Lender's option inay declai•e all of thc suiri� secm�ed by this �lortga�;c to bc iminediatcly due :�nd payable
<br /> without further demand and may £oreclose this Jlortga�c by ,judici;xl procceding. Lencler shall bc entitled to coilect
<br /> in suck� proceeding � Il espenses o{ fonclosure, inclu� ling, but not liroited to, costs of docwnentary evidence,
<br /> abstracts and title reports.
<br /> 19. Bonowezs Riqht to Reivastate. \ot�rithstanding Le��der's ::ecelc�ation of ihe sun�� secured by this
<br /> Mortgage, Borrower sh� ll have tl�e right to have uny procecdin�, l>egun bti• Leuder i.o enfome this 1Sortgage dis-
<br /> continued at any time prior to entry of a ,judgroent enfozcing t ]�is �iortga�;e if : ( al Borro�ccr I>uys Lender ali
<br /> sums which would be the� due under this \f ongaRc , tLe I�ote and notes securing Future Ad�•ances , if any , had no
<br /> accelerat,ion occurred ; ( b ) Borrower curc� all hreachc� of am• other co��ena.�ts or agreements of Borrower con-
<br /> tained in this '_�'Iortgage � �C ) �OTrp}arnT p::�s sll rca�onut� le ex ��rnses ir:curre:+ b}- ],ender in enforcing the coz�enant �
<br />°`0' � � Kn�1 x�reeuients of Aorrower contain�.d iu tliis _llurl �;:i��� an�l in �ufurcrir.�, Lvu�i�r', rc�uedi�s �a pro��ii1�1 in pura- �
<br /> grsph 18 hereof, including, but not limited Lo, re,i�on;iblr atturne}� '< t"cc. ; arnl id ) Borroicer takes such uction as
<br /> Lender may reasonably require to as,ure that tl�e l�en of tlus �Iort�;agc , Luide� 's interest in the Property and
<br /> I3orrower'sobligation to pay tl�e sums secured by thi� \Im�tga„c, shaill continuc uvinipaired. Upon such �ru}•ment �
<br /> and cure by Borroa�er, this blortgage and the obligsiaon, �ecured herc 1��- �hatl rem.un in full force and effect as if , � ;; �
<br /> no acceleration had occurred .
<br /> 20. Assi ��"t '
<br /> gssnient ot Rents; Appointment of Receiver, Lender in Possession. As additionai security l�ere- i ;fw
<br /> � under, Borrower hereby aseigns to Lender the rents of tlie Property�, proaidect that Borro�rer shall, prior to acceler- ;
<br /> ation under paragraph 18 hereof or abandonment of t.he Yroperty, l�ave ihc riglit to collc�t, and retain sucl� rents
<br /> as they become due and �ayable. ,» " ` '�
<br /> Upon acceleration under paragra}�li, 18 hereof or abandonment of the 1'ro��erty , I.ender, in ��erson , b�- ageni
<br /> or by ,judicially appointed reeeiver shall be entit.led to enter ii��on ; take T�ossi>scfo❑ of' aind inanage the Yroperty
<br /> and to collset the rents of the Yroperty, including chosr � �ast due. Afl rencs coileeced bp Lender or cl�e i•ecciaer �+:
<br /> shall be applied first to payment of the costs of management of the Property and collection of rents , includinR, but
<br /> not liznited to, receiver's fees, pren3iums on receiver c bond� and reasonable attorney 's fu � . :and theu to the Sums
<br /> ;ecured by this :�'Iortgage . Lendcr and Lhc rcceirer sl�,.11 !ac : :ablc .a accoimt only for thosc :ents actualic rc� ci:•ed.
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