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<br /> al.�es. ' _ . . .. . . . . , . . . . . . . , � . . r . � � � � . � �
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<br /> ;,ci axtend or postpone the ciue date et tL�� monthlc instntlments referrecl to in paragraphs ]. and 2 hereof or
<br /> change 6he umount of such in5taltments. �
<br /> 10. Bonower NofReleased. �xtension of the time for pa,yment or modificatiorr of ainort.iaation of the sums
<br /> secured by this D�Iortgage granted by Lender to anv successor in inieres 'c oi Barro�vcr shall noE, .operate Lo release�
<br /> in any manner, tlie liability of, Uie origiiial Borrower and $or�roa�cr'� successors in interesf, Lender shall not' be
<br /> required to caxximence proceedings against such successor or refuse to extend tiine for pay�ment or otherwise modify �
<br /> � smortizstion of the sun�s secured bv tliis \Sortgaae lly reason of nny de�nanii mnde hy the original Borrocver and
<br /> '. Borrower's successors in interest. '
<br /> `31: Fozbearance by Lender No£ a Waiver. Aiiy foTbeai•anee t�y Lender in exercising any right or remedy
<br /> a hereunder, or otherwise �tfforded Uy upplic�,ble la���; sliail not be a waiver of or preclude the' exercise of any` right "
<br /> ; ' � or remedy hereunder. The procw•ement of insurance or c.he payment of taxes or other liens or charges by Lender
<br /> 3 �'� , shall npt be a 'wniver bf Lender's rigl�t to accelerate the ma,turity oF tl�e indebtedness secured by t6is T4ortgage:
<br /> ' �i ; 12. Rexnedies Cumulative. All i•euiedies ��rovideci in tl�i, \lortgage nre distinct and cumulative to any other
<br /> , " �- , right; or remedy undei• f!�is 7Iort:gaige or affordc�l by ]a�r ' or equity, and ma�- be execcised concurrently; independ- `
<br /> � ently oi• successive]y. '
<br /> � . --, 13. su��e�ors �a �;� so,�d Joint cmd Several Liability; Captions. Ttie coventints and agreements
<br /> � � herein'contained shall bind, and the rights l�ereunder shall inw•c to, thc respective successors znd' assigns of Lender
<br /> ` a, � ' und Borrower; subject to the provisions bi paragrapli 17 hereof. �11 covenauts und agrecments of Borrower shrill
<br /> j � be joint and secerr�l . The captions a�nd lieadings of t.l�e ��aragraphs of this .11ortgage are for convenience only and
<br /> ti are not to be used to interpret or define t.l�e r�7•�visi�ns l�ereoF.
<br /> 14. Notice: Any noticc to Borrotver provided for iu this \Iortga�;e �hall be �iven by mailing such notice by
<br /> � � certified mail addressed tu Borro���er at the YroF�erty �lddress �t.�ted helo�e , exc�pt for any ,notice reGuired under ' ' .
<br /> ? paragrnph 18 liereof to 'uc given to Iiorro���er in tlie man�ier jirescribect by .{pplicable luw. ;�ny notice }�rovided
<br /> for in this \�iartguge sh�il be deemed to l�avc hcen gi��on to Borro�rer �sLen given in the niatmer desi�nated herein.
<br /> - ' I5, Uniio:m Mortgage; Goveming Law; Severability. "Phis forxn of iuortgage combines uniform co�-enants
<br /> for national use and non-uniform covenants wit.li limited variations by jurisdiction t.o sonstitute a uniform secu-
<br /> ; rity inatruTnent covering real propert,y. This \lortgage shall be governed I:>y the law of the jurisdiction in which
<br /> the Property is located. In tlie event that any provision oi• clause of tliic ��ortgage or the Nqte co�lflicts with
<br /> applicable law, suci7 conRict shrtll not affect. oti�er pro�risions of this 1lortgage or the Note �vhieh cun be given
<br /> , effecb without tl�e conflicting provision, 3nd to this end the provisions of tl�e _llortgage and the Note are declared
<br /> to be seveiable.
<br /> 16. Borrowei s Copy. Borrowei• shail be furnisl�ed a conformed copy of tl�is Dlortgage at the time of execu-
<br /> ' tion or a#ter recordation hereof:
<br /> 17. Transier of the Property; Assumption. If 311 or any part of the Property or su interest ttterein is sold
<br /> or i,ransferred by Barrower ��•ithout Lender's prior written consent, excluding ( a ) thc creation of a lien or encum-
<br /> } , brance suuordinate to this \lortgage, ( b) the creatSon of a purcliase money security inter�st for l�ousehold appli- , ;
<br /> ances, (c) a transfer by devise, descent or b,v operation oi la�r• upon the death of a joint tensnt or (d ) the: grant of `
<br /> anyleasehold interest of three years or less not con 'taining an option to purchase, Lendei• may, at Lender's option,
<br /> deClare all the sums secured by this �'Iortgage to bc imcnediately due .�nd payaUle. Lender sl�all have waived sueh
<br /> option to aecelerate it, prior to t_he sale or trnnsier, Lender and il�e person to �ehom the Property is to be sald or
<br /> transferred reach agreement in writing tl�at the credit oI such ��erson is satisfactoiy to Lender ssnd that the interest
<br /> i yayable on the sums secured by this 1lortguge sli�ll be at sucl � rate us I.,ender shall request. If Lender has waived
<br /> ` ' the option to accelerate provided in this paragrapl� 17 and if Borrower's successor in interest has executed a writ-
<br /> ten assumption agreement accepted in writing 65� I,endei•, Zender sl�all release Burrower froin all obIigatiocas under
<br /> � this Mortgage and the Note.
<br /> If Lender exercises sucli option to accelerate , Lender shall >>isil Boi•rower notice oi acceleration in accordance
<br /> �vith paragraph 14 hereof. Such notice sl�all }�rovide a period of not less tlian 30 days Srom the date tlie notice is
<br /> mailed witl7in whicl� Borrower m�y p.�y the sums declared due. If Borro«�ec fail� to pay sucli sums prior tp the
<br /> expiration of such period, Lender lnay , �vitiiout furtl�er notice or de�uand on B�orro�ver, invoke any remedies per-
<br /> mitted by paragraph 18 hereof.
<br /> \Torr-LlxiFORrz GavsxnnTs: Borrvwer tind Lendei� furt.her covenant and agree a:; folloa�s :
<br /> , , ,
<br /> 18. Aceeleration; Remedies. 13xccht as pro�•ideit in � �ara�rax� �h 17 hereof, upon 13orro�ver's breacG of any
<br /> covenant or agreement of liorrower in tl�i� �Sort �aRe , incluciing tLc co��enants to pay "�lien i9uc an}• su�ns �ecured
<br /> by. this Dlortgage, Lender ��rior to acccleration si �all uuiii uotice to Borro���cr as l �ro�•idecl iti paragrapli 14 hereof
<br /> ` specifying: ( 1 ) the breacli ; (2 ) tlie nction requircd to cwr :such breacli ; f3 ) a datc , not fess tluan thirty days
<br /> ' from'the date the noticc is intiiled to ]3orron�er, ln� �chicli suc•L brr,}rl� uiust bc cured ; and (41 tliat faihirc to cure
<br /> auch breaeh on or before td�c date specified in tl � c noticc �n�iy result in ucceler.ation oi t.lie sume secured by tnis
<br /> �4orGgage and sale of the Propert}•. Ii the brescli is not cured or or before tt�e date specified in tl�e notice, Lender
<br /> ; at Lender's option may declare all of the sums secured by tt�is \lortgagc to be iminediatelv duc nnd payable
<br /> z ' ' cvithout further dernand and may foreclose tl�is \7artgage tro j ndicial rroceedin�. I en�ier shall be entiCled to collect
<br /> in such proceeding all expenses of fareclosw•c, inclu�ling, hut not limited to, costs of documentarv evidence,
<br /> abstracts and title reports.
<br /> 19. Bonower's Riqht to Reinstate. tiotwiil�standing Lender', ticceleration of the sunxs secured by thi�
<br /> � Mortgage, Borrower shali have the right to have any proceedings begun by Lendc+i• to enforce tlii� i4lortgage dis-
<br /> continued at any time: Fsrior Lo entry of a judgtnent enfokcing this �tortgoge if : (al Aort�on•er pa_ys Lender all
<br /> sums which would be then due under this 11ort�a�e, the Note nnd notes securing Future Adv:�i�r.c�., if any, had no -
<br /> acceleration occurred ; ( b) Borrower cures all breaches of unti• other co��cnants or agrcements of Borrow�er con-
<br /> � r.sined iu thie l�torcgage ; (e) Borrow�er �r�ys sI1 i�.�s�anable ex�>ense� iuourred by I.ender in cniorcing the oo� enanns
<br /> _ and agreements of Borrower contr�ined in tliis :�loi•tgage :ind i �� eu�orcing Lencler'� rei3xedie, ils pi•ovided in }�ara-
<br /> graph 'IS hereof, including, but not li�nited to, reasonal�le attoi•7�e1•'s fee� ; and (d ) Iiorrower takes such ssction as �
<br /> Lender may re�sonably require to assure tliat the lien of tliis �lortgagc, Lender's in� erest in ihe Yroperty �nd
<br /> Borrawer's obligation to pay the sume secured by ihi: �iortga�;e �hali coaitinue uiiinipaired. LT��on such j�ayment .'' j ' ��;
<br /> and eure by Borrower, this Mortgsge and the obligntion. secured hereh�� shalt ren�ain in full for�� and effect as if � -n' �" �,.
<br /> no acceleration had oeeurred. #f; ��n "" �
<br /> 20. Asaigna�eat of ;$ents; Appoiafineat of $eceiver, Lender in Possessioa. ' :�s additionaP security here- �4 � �
<br /> L � �� under, Borrower��hereby asaigns to Lende; £l�e rents of the� Property. }mo�•ided that Borro�ser shall , prior to acceler- � � _ � �z'��` " �
<br /> ation under paragraph 18 hereof or abandonmQnt of thc Pro�>erty, havc khe rigl�t to cotlect and retain such rents ., ,��
<br /> : ' as they become due and payable: ' ""
<br /> , ;��,
<br /> ` LTpon acceleration ,ugder paragrapli 18 l�ereof or ah3ndonment of the Yroperty; Lender, in ��erson, by agent " ` �
<br />� . , �. , . .
<br /> or by juuieixUy ap}wznted reea:z2r shal: ba �r.tit>cd �, a �r.Le:� ,�,�on , tske Possescion oY .�ndlnanage tlie Yropert.y " � . :
<br /> and to eolleet the rents of the E'roperty, inaludxng those ��ast clue. All z•ent. collected by Lender or tl�e receiver
<br /> ` shall be,applied &rst to psyment of the costs of n�anagement of tlie Pro�aerty and collection of rents , including, but
<br /> no$_ 1iu�iLeQ `.n, receiver's fees, ��reti�i4ui�n uu ruce; cai ', Luu1, anil rua��i�:aLl� ul.tori��y 'e fec;� . un�i I,Lc„ Lo Lhe �u��»
<br /> see�rect b� thie tiIoi�,gage. Let�deT aiiri tlre x�eeeicer shall t>c liub3e to �eccupt only far those renta Kctuz;h� receiti•ed . �
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