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<br /> � not extend or post-ponu tl�e due daYe o1 tt�c. inonihl�• insu� ll �ueni� s rc�lerred t�o iii p�lragraplis ]. �nd 2 hereof or �
<br /> eLtinge tl�e amount of such ivstall�nenis:
<br /> : lU. Borrower Not Released. ]3xtension ot t6e tiine for { r.i��ment or modification oC atnortization of the sums
<br /> secured by tUis �'Iortgase gravted Le I.eiider to any s�iccessoi• iu interest of Borrower shall not operate to release, i
<br /> in any mui�ner, tlie liability- of the original ]3orro�ver and Borron•cr'. ,ur,cessor, in in 'cerest. Lender shall not be
<br /> required to com3nence proceedings against sucii successor or t u + se io extend time for pa}�ment or otlienvise modify
<br /> , � amortization of the sums secured by tdiis \Iortgage Irv rcasu>> of ;iuy �iecnanii made t�y the oribinsl Borrower and
<br /> ' ` O Borro�ver's successors in interest,.
<br /> , ; � 21 . Forbeazance by Lender Not a Waiver. �arq� forbearance by Lender in exercisin� any right or remedy
<br /> C.� hereunder, or otherwise afforded Uy a�>plicasble la«-, slial] nut be a �vaiver of or preclude tl�e exercise of any right
<br /> lt7 or remedy hereunde�•. The ;�i•ocureinent of insurance or tlie I�ayrnent of tn�es or otlier liens or cIiarges by Lender
<br /> CJ shali not be a w�.iver of Le:3der`s right to accelerate the maturitu of t.he indebtedness secured by this Mortgage.
<br /> .�s 12. Remed"xes Cumulative. A11 remedies provided in tl�is \im•tgage arc distinct and cmnulative to any other
<br /> � ' � ri�ht or remedy under this \tortgage. oi� ;tifforcicd Irp la��• or equicy, :ind �nay be exercieed concurrently, independ- -
<br /> � ently oz� successivel,y.
<br /> � 13. Successors and Assigns Bound; Joint and Several Liability; Captions. The covensnts unci agreements
<br /> herein contained shall k�ind , and tlie i•igf�ts l�creunder ahall inure to, tl�c respective successors and. aseigns of Lender
<br /> i ' and Borrower, subject io tiie l�rovisions of p.iragraph I7 hereoi. :�11 covenants and agrcements of Borrower sha11
<br /> � � � � be joint and several . The � ca�itious t�nd Iieadicigs � oC t,lic p� ragr:�sph, of tl�iz \lurtgage :zre for con �•eiiience � onJy and �
<br /> � ure not to be used to interpret or define thei�rovisions her�oC
<br />� �' 14. Notice. riny nor,lec to I3�rro�cer }irot�ided foz• in x1i \Iortg: ;,e -:h<.11 I>c „iven t�y iri;�iling sucl: noti�� 6� �
<br /> � ' certified mail addressed to Borro�ver ui the Yropert � .lddre. t .ited t>� lo��� , except foi an,y notice required under �
<br /> paragraph I8 laereof to be given to I3orro�cer in tiu- manner � �re�cribed by app] Scable la�v . � ny notice provided � y�
<br /> �� for in this A�lortgage s6a11 be deexneci to� I�a��c I�ecu �� acii to I3on•o���er when gi�•er� in ti �e manuer dcsignateci l�erein. � ;
<br /> 15. Uxssform Mortgage; Governing Law; Severability. This farm of morc �;uge combines uniforrn covenants ;
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<br /> for national use and non-uniform covenants �vith limited variations by jurisciiction t,o const.itute a uniform secu- � = ' �
<br /> rity instruuient covering rea2 propert,y. Tl�is \ lortgage shall be governecl by the la�t� of the jurisdiction in which
<br /> � tl�e Property is toc�ted. In t,he e��ent ti�at any provision or clause of tl� is A4ortgage or t,he Arote conRicts with
<br /> applicable law, such conflict shall not affect other provisions of this \tortgage or tl�e Note �vhich can be given
<br /> effect without the conflicting provisian , and to this end the provisions ot the .1lortgage and the Note are declared
<br /> to be severable.
<br /> 16. Borrower's Copy. Borrower sha11 bc 3urnisl�ed a coniormed copy of this Mortqage at the time of execu-
<br /> s tion or after recordation hereoL
<br /> 17. Transfer of the Property; Assumption. If all or any part of tlie Property or an interest therein is sold
<br /> or transferred by Borrower �vitl�out Lender: pr9or written consent, excluding (a ) the creation of a lien or encum-
<br />� 6ranee suUordinate to tt�is \Iortgage , (. bj iiic creacion oi a purchase tnone3• security interest ioi• househoId appli- ;
<br /> ances, (c) a transfer by� devise, descent or by o2�eration of la��• upon the de�th of a joint tenant or (d ) th@ grant of
<br /> any leaseliold interest of tl�ree years or les� not containing an o��tio�i to piirchuse , Lendei• inay, at Lender's option,
<br /> declare afl the suins secured by this D-tortgage io be iuimediately due and payable. Lender shall l�ave �vaived such
<br /> option to accelerate if, prior io the sale or trunsfer, Lender .and tl�e persan to �chom tlie Yroperty is to be sold or
<br /> Gransferred reacIi ngreement in writing that the credit oi sucL person is satisfactory to Lender und that the interest
<br /> „ payable on the sums seeured by ihis \Iortgage sl�all be st sucl� rate as Lei�der shall request. If I.ender has waived
<br /> the option to accelerate provi:led in tl�is paragraph 17 and if 13orrower's successor in interest hss executed a writ-
<br /> i ten assumption agreement accepted in «�ritin� I>y Lender, Lender slrall relet�se Borro«�er from all obligations under
<br /> i fhis Mortgage and the Note.
<br /> ` If Lender exeTcises sucli option to aceelerate, Lender shull mail T3oi•rower notice of acceleration in accordance
<br /> rvitli paragraph 14 hercof. Such notico sliiill provide a period oi not less than 3U days from the datc the notice is
<br /> muiled witl�in which Borrower u�ay pay tlic sum, declared due. If Bnrro«�er Sails to pay sueh smns prior to the
<br /> f� expiration of such period, Lender m;�y , ���itLoui. furtLcr notice or demand oc� B'arrower, invokc any remedies per-
<br /> mitted by paragraph 18 hereoi.
<br /> tiox-L?:viFot�a1 Covr:xn:azs. F3ot•ro�re �• xnd Lender f'urt}�er co��enaiit and ag•ree as f'ollo�rs : �
<br /> ? 18. Acceleration; Remedies. I;xbe��t i pro�- i�led in �r.iragr:r��li 77 here.of, u��on Borrower's breucll of an�•
<br /> � covenant or agreement oF Borro���et in �tt�is \tortgag�, iucluding tLc co��enants to pay ���hen due. any smns secured �
<br /> by this :�lortgage, Lender �n•ior to acceleration s6alI muil noticc to I3orro���er a� ��ru��ided iii pnrsgrapl� 14 l�ereof
<br /> � specifying : ( 1 ) tlie breach ; �2 ) fhe act�ion required ko cura such lare�cli ;� l '3 ) a datc , not less than thirty days � � �
<br /> � �from the ciate ti�c notice is mailed Co 73orro���er, 6y �+�Lich: surli l.u•cacli wust� be c iurd �' anGl (4 ) tliat faiture to cure � �
<br /> �� � � � such bresch on or before tdie d�te specifled iiz t.l�e notice �ns�� resulc in aeceleration of the ;un�, securecl by this � � � �
<br /> � Mortgage and sale of � the Property. If the breacl� is not ����red on or befm•e tl�e dat.e specified in tiie notice , Lender � � �
<br /> j � ab Lender's optio❑ may declai•c all of the sums� secured �b_y tl� is \4ortgage to be im�nediately duc and � ��ayable � �
<br /> without further demand and �nay foreclose this 1lortg;i,ge bp judieial proceeding. Lender sl�ttll be entiUed io collect
<br /> in sueh proceeding all expenses of forectosure, including, l�ut not limited to , custs of dor.u�uentarv evidencc,
<br /> aUstracts and title reports.
<br /> 4 19. Bonower's Right to Reinstate. Not�s•itlistaniiing Lender's :tccelei•ation of the swns secured by this
<br /> Mortgage; Borrower sha2b have ttie right to have any proceeding� begun by Lender io enforcc thia �lortgage dis
<br /> � continued at any time prior to entry of n ju<3gmei�t enfokcinK tl�i. llartgnge if : ( u ) Borrower pays Lender all
<br /> sums which would be then due under this JTortgraqe , tlic \'oie and aiotes securin�; Future Ad ��ances, if sny, had no
<br /> , acceleration occurrad ; ( b) Borrower cure, all breac• 1ie� oi an�• other �occn;�nts or agr<�emenis of 13orro�ver con-
<br /> ' tained ir. this Mqrt.gaSe � ( c) $orro�ver psys a� ! .^casor.ablr c�pc ise.< incurred :��' L�rnier in ��uf.»rinti tL� r�vuuanls
<br /> and agreements of Borrower contained in thi, \lortga�;c eincl in enforcing Lender:s ren�eclie; �; pro��ided in parn-
<br /> f graph 18 hereof, including, but not limited to, reasonable izt.tqrne� '� fee� ; and Id ) 13orrower takes �uch �ction as
<br /> Lender may reasonably require to iissure fhat the lien of tlu, \Iart�;age. Lender's i2rterest iii the Property and
<br /> ` Borrower's obligation to pay the sums secured h,y thi� �Toctg l�;e el�zll continue uniinpuircd. L�pon such puyment n�•,
<br /> ' Y , ' g g e obligations secured hei•eln sha �l remain in fiill foi•ce and effc;et as it '�'* �' x�=+�
<br /> , f and cure b Borrower this Mort a e and th
<br /> no acceleration had occurred. � �, r
<br /> � 2Q., Aseignment o! Reat� Appointment of Receiver; Lender in Possession. A: additional security here- 'p�� �
<br /> under, Borrower'hereby s,9signs to I:ender t}ie ren#s of the YrqF�erty, -pi�ovide<i t}ist $orro�r•er shall , prior to acceler- '-��'^`'
<br /> ation under paragraph 18 hereof oz abandoninent of Ll�e Property, ha��e ti�e right to colleci and ret�in such rents � �*'�;�
<br /> as they become due and payable:
<br />� . L'gcsn ncceieration under para,gra}rL 18-Leraui ur i.i�unum�ii3um oi che Yropert�� , l.ender. in E�erson, bL agent ,
<br /> or by ju�ieiall3• sppointcd receirer shall bc: ent; tle+2 Cu cuter u},ui� , ixl.r pus:e�sian oi and �nui�age the Yroperty "
<br /> and to collect the rents of, the Property, ineluding those past due. All rent� col3erted hv Lender or the receiver �
<br />� shall be applied first to payment of tYae casts of management of t}ie Yropert�- ancl collection of rents , including, but
<br /> not limited to, receiver'fi fees, nramiumF �n rv��niver'� brnxi� nn�l rensnnablc �ttornc}•'s fccs . and tkicn to thc ;um,
<br />� � secured by this Mnrtgage. Lender and the receiver .liali brliuhlr to account only for those rents aMuull� rE�eived . �
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