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<br /> . . . � . . . . � yS � � .
<br /> . . . . . . .. .. . . . . . . . . . .. . . - . . . . . . . . . . . . . 'rtM+� . .
<br /> � {�� �� . ' .3bd.. � � �
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<br /> not extend �r post.pane the due date oi tlie �nonthly in,talLnents referred to in p;�ragraphs 7 3nd 2 hereof or
<br /> change tlie atnounE'of, suclx installments.
<br /> 10. Bor;ower Not Released. Extension of the time for pa,yn�ent or inodification of amortization of the sums
<br /> secured by this lZortgage granted by ,l.ender to any siiccessor in interest of' Borroc3-er shail voi .operate to release,
<br /> � in any manner, the liability of-ti�e original Boi•rower arid F3orS'olver's successors in interest. I.ende; shall not be
<br /> = required to commence proeeedings against siicli' successor or i•efuse to extenii time for paymeut or otherwise modify
<br /> umortization of the sums secured by tl�is �Ios•t�uge by reason of any deinand tnade by tlie original Borrower and
<br /> � �� Bor;ower's successors in interesti.
<br /> j 11. Forbearance by Lendez Not a Waiver. Any forbearance by Lender in exercising any right or remedy
<br /> � �% hereunder, or otherwise afforded by applicable Ia�v, shall not be n waiver of or preelude the exercise of any right
<br /> ` ' �'�� or remedy hereunder. `The procurement of insurance or the payment of taxes or other liens or charges by Lender � }
<br /> �-` shall°'not be a �vaiver of Lender's rightto accelerate the maturity oF the indebtedness secured by this Mortgage.
<br /> ; �-. - 12, Remedies Cumulative. All remedies provided in tl�is l4ortgage are distinct and cumulative to any' other r
<br /> , ? > -�� � right or remedy under this �Iortgage oi• affordecl i�y 1� ��� or equiiy, and rnay be exercised ' concurrently, independ- ; .
<br /> ently or successively. `
<br /> � 33, Successors and Assigns Soundr Joint and Several Liability; Captions. The cocennnts and agreements
<br /> �„� herein contained shall bind, and the rights hereunder shall inure to, tl�c respective successors .ind assigns of Lender
<br /> � and Borrower; suUject to the provisions oi paragra��h 17 hereof. All covenants und agrecments of Borrocver shall
<br /> . � be joint and severalifihe captions and lieadings of tlie paragraphs of tGis \{ortgage are for con��enicnce only and
<br /> , , are not to be used to interpret or define tl�e provisioiis l�ereof.
<br /> � ' 14. Nofice. Any notice to Borrower t>rovi�9ec� for in this 3Turtgage stutll be given by maiIing sucli noEice by
<br /> certified inail addressed to Borrowei• at the Property �ddirss stuted belo��•, except for any notice required under
<br /> � paragruph 18 liereof to be given to Borro�cer in t.l�e ruanner prescribed b,y ;�pplicable la�v: Any notice provided
<br /> for in this :llortgage shall be deemed to havc been given to F3orrower when given in the inanner designated herein.
<br /> ; 15. Uniform Mortgage; Goveming Law; Severability. This form of �nortgnge cotnbines uniform covenants
<br /> for national use and non-uniform covenants �vitl� limited variations by j urisdiction to constitute a uniform secu-
<br /> {, rity instrmnent coveringseal property. This \Iortgage shall be governed by the law of the jurisdiction in which
<br /> i , the Property is Iocoted. In the event that 1ny provision or clause of this 14ortgage or the Note conflicts with �� '
<br /> - �, :tpp2icab'.a izi�v; sucl� conflict stiall not affecL otl�er provisions of this Afortgage or the Note �vhich can be given
<br /> � effect without the confiicting provision, and to this end tl�e provisions of t,l�e \lortgage and the I\Tote are declared
<br /> to be severable:
<br /> ; 16. Borrower's Copy. Borrower shatl be furnished a conformed copy oF this RZortgage at the time of execu-
<br /> tion or after recordation hereof.
<br /> ' 17.- Tzansfer of the Property; Assumption. If all or �,ny part of tfze Property or an interest therein is sold '
<br /> f' ' or transferred by Borrower xvithout Lender's prior written consent, excluding (n ) the creation of a ]ien or encum- ; ; `
<br /> ; A brance subordinate to this \-Tortgage, ( b ) thc creation of a purchase money security interest for household appli-
<br /> ` � ances, (c) a transfer by devise, descent or by operation of la�c upon the death of a joint tenant or (d ) the, grant of
<br /> any leasehold interest of three years or less not containin6 an o�>tion to purchase , Lender may, at Lender's option,
<br /> ' declare ali the sums secured by this Mortgagz io be im3nediately due and payable. Lender shall have rvaived such �
<br /> s option to accelerate if, prior to Lhe sale or transier, Lendcr aud the person to whom the Property is to be sold or �
<br /> ;' transferred reacli agreement in �vriting tliat tlie erediEof such person is satisfactory to Lender and that the interest
<br /> � z paysble on #,he sums securea by this ��Iortgage shali be at sucl� rate ac Lender shall request. If Lender has waived
<br /> � the option to accelernte provided in this parugraph 17 and if Borrower's successor in interest has executed a writ-
<br /> �- ten assumption agreement accepted in writing by Lendel•, Lender shaU release Borrower frmn all obligations under
<br /> ' this Mortgage and the Note.
<br /> , a' If Lender exercises such option to accelerate, Lender shall �nail Borrower notice of acceleration in accordance
<br /> �vitll paragraph 14 hereof. Such notice styall provide a period of not less than 30 duys from the date the notice is
<br /> � mailed within which Borro�ver may pay ihe sums declared due. Ii ]3orroxver fails to pay such sums prior to the
<br /> ` expiration of;such period, Lender may, �vithout further notice or demand on B'orrower, invoke any remedies per-
<br /> �a mitted by paragraph 18 hereof.
<br /> �` I`Tox-UxiFORM CovExaxTs. Iioi•ro�vei• a�id Lendei• fui•tl�er cove�iant and a;�i•ee as follo�vs :
<br /> 18. Acceleration; Remedies. Except as auo��icled in p,u•ugraph 17 hcreof , upon I3orrower', breacl� of any
<br /> � covenant or agreement ot Borro�eer in tl�is �Iort�agc, including tLe coven�nts to pay n�hen duc any sums secured
<br /> ` � by this �lortgage, Lender ��rior to accelerution shall muil notice to Borro�i�cr as provided in par�grnpli 14 l�ereof
<br /> � � specifying : ( 1 ) the �resel3 ; (2 ) tl�e letion required to cure sucli breacl� ; ( 3 ) a date, not less ti�an thii�Gy days
<br /> i from the date the noticc i� mailed to Borro���cr, b�• c��hicli such i�rcacli iuust bc curcd ; and (4 ) that failm•c to cw•e
<br /> , ' such breach on or before tl�e date specified iii tlie rioticc ivay result in acceleration ot tlic sums secured by this
<br /> � :�SorEgage and sale of the Progerty. If the breucl� is not cureci on or before the date specified in tl�e notice, Lender
<br /> ; at Lendei's option may declarc nll of thc sums secured by thi� \4ortg� ge to tre imrnediately duc and payable
<br /> '', w�tl�out further demand and may foreclose tl�is 3forign�e by ) udicial proceeding: Lender shali be entitled to collect
<br /> Is in such proceeding all expenses of foreciosurq including, hut noi limited to, costs of documentary evidence,
<br /> , � I ' abstracts ttnd title reports. "
<br /> ` i 19. Boaower's Right to Reinstate. \'otwiUistanciing Lender's acceleration of the sums secured by this
<br /> � Mortgage, Borrower ahall have the right to l�ave any proceedings begun by 7,ender to enforce tl� is Mortguge dis-
<br /> continued at uny time prior to entry ;of a judgment enfokcing thi, \Iortgage if : � n ) Borrower pays Lender all
<br /> : ' sums which would 6e Ehen dueunder this \Sortgage, tLc IVote nnd nof.es secui•ing Future Adeances, if any, had no
<br /> acceleration occurred ; (b) Borrower curec all bressche, of ain}� other co��<�nants or agrcen�ents of Borrower con- '
<br /> + ` tained in this Mortgage ; '(e) Borrorver pays all reasonuble espenae: iucurred }ay Lender in enforcin� the covenants
<br /> ? 4 and agreenienis of Borrower con 'eained in this .�Iort�age ��nd in enforcing I,ender', remedies .as provided in para-
<br /> y graph 18 hereof, including, but not limited to, reasonable nttornev '� fee� ; and � d i .Borro�ver takes such action as
<br /> &, .1. Lender may reasonabiy require tu assure-that tfic iien a: this \?ort�a�c, Lender's interest in t.he Yroperty and �
<br /> Borrower's obligation to pay the sums secured hy this �iortga�e shaU continue i2nimpaired: Upon such �zayment
<br /> . w and cure by Bonower, this Mortgage and the obligation, secured hereb�� �}�afl re�ussin in full force and effect as if _ - . , "'° � �"
<br /> = � no aceeieration had occurred. "`� •. _ � ,�: t
<br /> i 20. `Assignmant of, Reats; Appointment ol Reeeiver; Lender iu Possession. �" ' "� �
<br /> c As additional security here-
<br /> under Eorrower hereb ' � �
<br /> �' , y assigns to Lender tlie rents of the Property. ��i•o��ided tliat Barro���er sliall , prior to acceler- =�,��
<br /> �, atipn under paragraph 18 hereof or abandoninent of` tlie Pro�ierty, havc the right to coAect and ret-ain such rents `�M �'�
<br /> as they �ecome due and payabie. � � ",
<br />� ti Upoa acceleration under parugraph lS l�ereof or ahandonment of the Yroi�ert�� . I�nde�, in tu>±�on ; bp agent ' '"
<br /> or by judicislly appointed receiver shA�l be entitled to enter upon. take posses.ion of an�i mxnage the YroP��rty
<br />� ', �, • and to eollect the rents of ti�e Property, including those. past due. All rents collected hy Lender or the reeeiver « " - *` '
<br /> shall be applied first to payment of the costs; of management of tl�e Property ant� collection of rents, including, but
<br /> � not ]imited to, rece•v�r's fees, premiums on recciver's bond= and reasontible attorney's fees, and then to the sums
<br /> ;
<br /> secured bp this :�lortgage. Lenler uiii] Llie receiver sliail k>e liuble to xecount onlv for tl�ose rents actually recei��ed .
<br /> ' ti"'"'"""� �
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