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<br /> not extend or postpone tlie iiue dsie oi thq montlilv instalhnent� rr,ferred t.o in pai.�graphs 1 and 2 hereof or
<br /> change the ainovnt of such installments.
<br /> 10. Borrower Not Released. L:xtensioii of the ti�ne for pay�ue�ii or �nodificflt,ion oi umoi•tization oI the sums
<br /> secured by `this 1�Iortgage granted bV I•ender to anv s;uccessor in interest of Borrower �hall not .operate to release, ' -
<br /> in any i�ianner; tlie ]iability of tLe originiil I3orro�c•er ancl 13ori•o�cer'� succe�sor5 i�i interes 't: I.ender sl�all not be
<br /> rrequired tp comrnence proceedings againsbsuch succe�soi• oi• retuse to extend time for payment or otherwise modify
<br /> � aiuortizatiron of the sums secured by tl�is _lTortgage; i�y reason of uiiy demaud made by the original Borrower and
<br /> • ` Borrower's successors in interest. '
<br /> , ' � 12. Forbearance by Lender Not a Waivea Any forbenrance by I.ender in exercising any right or remedy
<br /> ° : t—i hereunder, oT otherwise afforded` Uy spplic�.ble law, _shall not be a wai✓er of' or greclude tlie exercisc of any right
<br /> Cp or reinedy hereunder. 'I'he Ixi•ocurement of ' insurance or the paymeiit of taxes or other tiens or charges by Lender
<br /> 1d") shall 'ijot bc a' waiver of Lender's right to accelerate the insturity; of the indebtedness securecl by this 1�Iort.gage.
<br /> :� l2: Remedies Cumulative. ::�IP zemedies pl•ovided iii tliis \lortga�e`nre distinct and cumulative to any 'other
<br /> � � right or remedy undet• td�is �Iortguae qr �zfforcied b_y I.i��• or equit,y, an�i maj• be exercised' concurrentily, independ-
<br /> ` ently or successively.
<br /> � ^ 13. ' Successors and Assigns $ound; Joint and Several Liability; Captions. The envenmints and ' agreements
<br /> � 1`� herein contuined shall }�ind,' .�nd the riglits Lereunder ehall inure to, the respective successors �nd assigns of Lender.
<br /> � and Borrower; suUject to the provisions af paragrnl�L 17 hereof. :� 11 covenanEs and agreenients of Borrower shali
<br /> be joint and several. The captions and hcading� ot the paragraphs ot tl�is �Iortgage sre for convenienee only and
<br /> i are notto be used to interpret or define tl�e ��rovisions l�ereof.
<br /> 14. Notice. Any notice ta Borrower pro��ideci f'or in tlii, �Tortg�;gc sl�all Im' gi��en l�y uiailing such notiee U��
<br /> certified inail addressed to 13orrower .at the Yroperty �ddress stated belo�� , except for any not5ce required under
<br /> t � paragraph 18 l�ereof to be given to BorroH•er in tlie ivaiiner � �rescFibed by ;�}r��licable law . Any notice Firovidecl
<br /> For in this '�Sortgugeshall }lc deemed to l���cc becn givcn to F3orrower wlien given in ihc manner desigqatec3 herein:
<br /> ; 15. Uniform Mortgage; Governing Law; Sevezability. 'Pliis forin of uloriguge combines uniform covenants �
<br /> ! for national use and non-uniform covenants witli ] imited variat.ions by jurisdictiwi to constitute a uniform s2cu- �
<br /> ; ' rity instruiY�ent covering real property. This \Iortgage shall bc governed by t6e law of the jurisdiction in avhich
<br /> ; � the Property is located. In the event tt�at :iny provision or clausc of tliis 14ortgage or the Note conflicts witl�
<br /> ; applicable law; such conflict shall not sffecl; other i�rouisions of this \iortigage or the Note �vhich can ue given
<br /> ? effect without the conflicting provision , and to this end tl�e provisions of the Jtortgage and the Note are declared
<br /> f to be severable: �
<br /> 4 16. Borrowei s Co
<br /> ; py. Borrower shall be furnislied a conformed copy oF this A4ortgage at the time of execu- ,
<br /> :i tion or after recordationhereof.
<br /> F 17. Transfer of the Property; Assumption. If nll or any part of the Property or an interest therein is sold z :
<br /> k or transferred by Borrower without Lender's prior �vritten consent, excluding (n ) the creation of a lien or encum-
<br /> + brance subordinate to tl�is Nlortgage, ( t> ) thc creatzon oi a purch�ise money security interest for liousehold appli-
<br /> 3nces, (c) a transfer by devise, descent or by operation of la��• upon t,6e death of n joint t,enant or (d) the grant of
<br /> any lessehold interest of three years or less noi containing tin option to purchssse, Lender may, at Lender's aption;
<br /> % , declare all the sums secured by this 14ortgaee to be iminediatcly riue and pavah]e, T.e.nc3er s}�:�111ia��� �vaived su��r
<br /> ; option to accelerate i;, prior f.o tl�e ' sale or transfer, Lender and thc persun to �vhom the Property is to Ue sold or
<br /> � transferred reaqla agreement in writing tl�at tl�e credit of sucl� person is satisfactory to Lender and thut the intierest
<br /> payable on the sums secured by this 1lortgage shall Le at sucL rate as I,ender sl�all request. If Lender has waived
<br /> ; the opti�n to aceelerate provided in tl�is �ia.ragrapir 17 snd if Borro�ver's succescpr in intei•est has executed ss �vrit-
<br /> � ten assumption agreement accepted in �vriting by I,ender, Lender shnll release Borro�ti�er from sll obligations under
<br /> ; Ehis Mortgage and the Note.
<br /> ; If Lender exercises such option to acceler:�te, Lender shall ai�ail Borrower notice of acceleration in accorda:nce �
<br /> � cvitli paragraph i4 hereof. Such notice sl�all pro��ide :� �>eriod of iiot less tl�an 30 days from t}ie date tlie notiice is
<br /> ,% mailed within wP�ich Borrower may pay tlie sum, declured due. If Borro�ver fails to pay such sums prior to the
<br /> ; ` expirsstion of such period, Lender inay, ���ithout further noticc or clemand un f3'orrowcr, iuvoke any remedies per-
<br /> < mitted by paragraph 18 ]iereoL
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<br /> i ��ON- II�*IFUIihL Covr.xa�:Ts. Borro�t�ei• and Lender Purtl�er covenant anc] a�ree as folloiva :
<br /> i� 18. Aeceleration; Remedies. Exccl�t us ��ro�'idect in � iar�era� �li 17 hereof , upon I3orrower's brench of any
<br /> ` covenant or agreement of Borroµ•er in tl �is �Iort���c; includi�ig thc covenant� to ��ay ��-1�en duc any sums secured
<br /> " by this �fortgage, Len�iel• ��riar to accele�af.ion .h11I mail nutice to Ii�i•ro�vcr a� �irovided in jiatira�;rapL 14 hereof
<br /> �pecifying : ( 1) tlie t>reach ; ( 21 tl�c action requireci tq curr. surh IrreacL ; ( 3) a datc, not less ttian thirt,y days
<br /> ? from the ciate the noticc is inailed to 13oi•i•o«-er, 1 >}� �rhicl� �ucli hir.icli iiiust be cured ; and (4 ) that failure to cure
<br /> ` such breach on or before the date specified in tlic noticc �uay i•esult in accelerution of tlie sums secured by il�is '
<br /> � '_tfortgage and sale of the Yroperty. If t.he breach is not r.ured on or beiore tlic date specific:d in tl�e notice, Lender
<br /> at Lender's option lnay declare all of the swns secured 1�y tl�is illortg�gc to be immec�iatcly due ' and' paye.ble
<br /> :` w�ithout further demanci an�i �nay Soreclose this Jlortga�;e bv judiciiil �>roceeding. Lender shall be entitted; to collect
<br /> 3 in sueh proceeding al! expenses bf f�reelost�re; inelucling, hiit ncii li�nited to , cost, of documentury evidence,
<br /> abstracts and titie reports.
<br /> ; 19. Borrowers ffight to R01ItStQL6. 1�OtK'3tI18t111CI11]F., I.encier'; ucceleration of ihc: sums secured l�y this
<br /> Mortgage, Borrower shall have fhe right to have airy proceedings l�egun by Leudcr t.o enforce thi� 1lortgage dis-
<br /> continued nt' any time prior to entry of a judgment enfoxcin� this \lortgi3ge if : ( ai Bm•ro���er pays Lendcr all
<br /> ;� sums wl�ich would be then �ue under this \Ioi�t�age, the 1Vote and notes ::ecuring Future Advanaes; -i{ any; liad no
<br /> ' ` accelerntion occurred ; {b ? Borro«�cr ct;re< a! ! hrear. lsc� of an�• other co�•cnants oi• a;rrcments of Borro�rer con-
<br /> . '• tained in this Martgage ; ( c) Borrowerpays zill �easonable rxpense� incurred by Lendcr in enfnrcing the coven;tnts '
<br /> � and sgreements of I3orrower contained in this \Iortgage snci in enforcing I,ender'. reinedies as provide¢ in para- w
<br /> °� graph 18 hereof, including, but nut, limit•ed to, reaconable att�rne}� '� fee ; anil ( d ) Borrc�ver t�kes auch uction as
<br /> Lender may reasonablv require to assure tiiat the lien of thi� �Tortg�ge, Tendei's intere�t in the Property and - - , � ' rY"� '
<br /> � $orrower's obligation to 4iay the sums secured b,y:thi� _l-Iortfia�e slialL eontinue uninir>aired. Upon suc}i payment �'= ".;�,�` , .., �±,�; ' '
<br /> + and eure by Borrower, this Mortgage and the o63igationa eecured l�ereb�• shall rc:inain in Sull fw•ce anci effect as if �,�� ° ''
<br /> no acceleration had oceurred. ��,z ;,,, '
<br /> �; 20. ' Assigsussent oi Eeats; Appoiatmeat of Receiver, Lender in; Possession. As additional security ' here- �»`
<br /> under, Borrower 1�ereby ussigns to Lender tlie rents of the ProE�erty, provided tl�at BorroK•er shall , prior to acceler- � .
<br /> ' � ation under paragraph 18 hereof or abandonment pf the Pro��erty, hzi�c the right`to collect and retain such rents " ' '
<br /> � s.s they become dwe and prsyab,e. '
<br />'� LTpan acceleration under parug.-:,p2. 18 her<of car abancloninent of thc l'roj>��rtti-, I.cn�3er, in }�erson , bc agent
<br /> or by jndiCiall,y appointed reeeiver; shatl he entitic� to entAr nFjor. , ta' c rc�se�sion of and ��iur�age ihe Property
<br />� � and to colleeL the rents of the I'roperty, ineluding those past due. All i•ents collected 1>y Lender or the receiver
<br /> shall be apfllied first to payment of the cc�s#�: of mar�fx:g�ment of t,lie Proliert.y and coliP�tion of rentc , includin�, }7ut
<br />� � not limited to, receiveY§ fees, premiums on rcceiver's bond� and reason�bie attorney's fees, and then to the sun�s �
<br /> sectxred by this �Viortg�ge. Lender an3 #,he receiver sha11 hr 1i,�hie -to account only for those rents actually received.
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