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<br />"�"`�z'�� �,l�ange Ehe a �notmi. oi such ins 'tallmenis . �
<br /> 10. Borrower Noi Released. I:xiension of the i �iu � ior �� i� mei� f rn uiodific �tion ��f :iwnrtiz �t,iun oi the sums
<br /> secured l.�y this l�I�rt�age �ratint:ed 1��� T,ei�der to un� -uc � E � ;<�i iu intci � tit� ��f Bonower �l� all not o��erate to release,
<br /> in any manne��, tlie liabilit-�� 01 tlu, orig� rial liorro�+ e.i :zmi 1Souu�� ei•', su� ce;sor. m intc� � �i�. Leiicicr �liall riot �e
<br /> ` r requirecl to eommence procee�3ing, against �uch succi sor or i �. tu�c To c �ten �l tirne ior psvincr,t or otiierwise modify
<br /> aii� ortization of the suins secured b,y ti � �s \ IoiCgugc by r�ason o( nn} deTnaud mzde by tlie ori�insl 33orrower and
<br /> F3orrower's successors in interest.
<br /> 11. Forbearance by Lender Not a W�iver. Any forbearance by Lender in exercising any right or remedy
<br /> hereunder, or otlierwise afforded t�y applicable la«- , sha11 izot be :� �vai��er of or precludc the eXercise of any right,
<br /> 1 � ur remedy hereunder. The pracurement. of insw•ancc or thE. pa,yrnent of taxea ur othcr liens or charges by Lender
<br /> shalla3ot be a waiver ot Lender's right to acceleiate the �naturity of the indebtedness secured by this ?Vlortgage.
<br /> ` e`% 12. Remedies Cumulative. r�ll remedies procided in t.hi; \4ortgage are distinet snd cumulative to any other
<br /> ` �' right or rernedy urLder this \iortgage ar afforded h� lu�v ur equiiy , and may lx, exerci�ed concurrently , independ-
<br /> � �% ently or successively,
<br /> �:.� 13. Successors and Assigns Bound: Joint and Several Liability; Captions. 'I'f�e ao�'en.tnts and agreements
<br /> 3 `:%� herein containe�l stxall bind , and the rig��ts hereunder shal ! inure to , thc respectivc successors and assigns oi Lender
<br /> ! � and $orrower, sufiject io c.he provision� of ��sragra��h 17 hereot. All covenant.r and agrecments of IIorrower shall
<br /> 11, be joint and several. The capti�iis and l�e:idings of 'clic ��aragr:�ph. of thic \ lortgage are for convenienc� onl}- and
<br /> ' � are not to be used to interpret or deFine the in•ovisions hereoi.
<br /> 14. Notice. riny notice to 13orrower piocided Cor in tliis \Iorlgage �iilill be gi�-en Ly uisiling �uch notice by�
<br /> certified �nail iiddre-saed to t3orro�i•�r :�i tlie Property :lddress �tated belou�, escci�t ior uny notice reyuired under
<br /> , paragraph 187�ereof to be gi�•eii to }3orro«-cr in the mannea• prescribed t.�y ;ipplicable ]a�v. :�n,y notice provided � `
<br /> for in this >Iortgage shsll bc deeiued to ha�-c bceu given to I3urro��•er «-lien gi�•en in the mannc:r designated herein .
<br /> j I5. Uniform Mortgage; Governing I.aw; Severability. '1'his forrn oi mortg�ge combines uniform covenants
<br /> for national use and non-uniform covenants �vith lin�ited �•ariations by jurisciictiou to constitute a uniform secu-
<br /> ritginstrument covering real property. Tliis \iortgagc shall be governed by the la�v of the jurisdiction in which
<br /> the Property is located. In the event tliat :sny provision or clnuse of this Zlortguge or the Note confiicts with
<br /> applicable law, sucl� confiict shall not :iffect otLer prot-isions of this \tortgage or tl�e Note which can be given
<br /> effectwithout the conflicting provision, and to this end the provisions of t:he \Sortgage and the Note are declared
<br /> to be severable.
<br /> ? 16. Borrowei s Copy. Borrower shall be furnished a conformefl copy of this �lortgage at the time of execn-
<br /> { i tion or after recordation hereof.
<br /> 17. Tzansfer oi the Property; Assumption. If all or any part of tf�e Yroperty or an interest, therein is sold
<br /> ' or traneferred by Borrower without Lender's prioi• �vritten consent , excluding (a) the creation of a lien or encum-
<br /> j brance subordinate to tliis �fort.gage, ( b ) the creation of a purcha:;e �noney security interest for liousehold appli-
<br /> ances, (c) a ta�nnsfer Uy devise , descent or by upeiation oY lan upon t,he deatdi of a ,joini tenant ar (d ) the grant of
<br /> any leasehold interest of thi•ee years or les, not containing an option to purchsse , Lendea• may, at Lender's option,
<br /> declare all "the sums secured by this \4ort,gage io be iim�iediaitcly due .ind p:�yable. Lender sl�all have �caived such
<br /> option to accelerate if, prior to tlie sule or transfer, Lender aud tl�e person to �rlioiri the Property is to Ue sold or
<br /> , transferred reacl� agreement• in tivriting iliat ihe credit oi sucli person is satisfactory to Lender and t}rat t.he interest
<br /> payable on the sun�s secured by this 1lortgage sl�ali bc at sucl� rat.e ac I.ender shall request. If Lender l�as waived
<br /> the option to sccelerate provided in this p�ragrap}i 17 and if Borrowei's successox- in inieresk has eKecuted a writ-
<br /> ; ten assumption agreement accepted in writing by I.ender, Lender sh:xll release Borrowei• from :�11 obligations under
<br /> this Mortgage nnd "the Note.
<br /> If Lender exercises sucl� option to accelerate; Lender shall anail l3oi•rower notice of acceleration in accordauce
<br /> with paragraph 14 hereof. Such noiice sl �all pro�•ide a ��eriod of noi less tiian 30 days Srom the date tlie notice is
<br /> + mailed �s�ithin which Borrower way pati� the �ums cieclared duc. IP 13orro�ver f��ils t.o yxiy such sums prior to the
<br /> expiratiqn of such period , Lender muy, �vithout. Curther noiice or ciemand on Borrocrer, invoke any remedies per-
<br /> ; mitted hy paragraph 18 hereof. ;
<br /> � No:.-UxiFot� ar C;ovExn�. •rs. Borro«•ex• and Lendei• furtlier eoti� enazni aiic3 �g•rc:e a5 follu�as :
<br /> 1� 18. Acceleration; Remedies. Except �s �rro��ided in ��urilgru��h 17 hereof ; ur7on Borro�uer's breach of an,y
<br /> covenant or agreement of Borra�ver in tLis \4ort {;agc ; including thc cavenant� fo pc�y �a�hen due .iny swns secured
<br /> by Lhis 1Sortgage; I.entler prior io aicceterat.iou shall m:iil 3�ot, ice to 33orro�ccr ns 7�rovided in paragrapL t4 hereof
<br /> specifying : { 1 ) the breach ; (2 ) the action required to cure such hmncli ; 131 oa diate , not less than khiriy days
<br /> fron� the date thc raotice is mailecl to I3orro���cr, by �cl�ich � iicli hrraicl� �uust, bc cus•ed ; anrl (4 ) thr�t. ft�ihn•c to curc�
<br /> � ;uch breach on or before tl�e date s�ecified in the notice tnuy resuit in acceleration oT tl�e sum� secured b,y thia
<br /> :�lortgage and sale of the Yroperty. If the breach is not. cured on or be{ore tlie dat.e specilied in the notice, Len�3er
<br /> ' at I.ender's option uiay declarc �zll of thc sums secw•ed i�y Chis \lortgage to }�e iinmedi.iLcly due and payable
<br /> � � � without furt�her dernand �and inay foreclose t.l�ia Aiortguge b�s judicisl proceeding. I.ender shall be ent�i6led to collect � � �
<br /> in such proceeding all expenses of toreclosure; including, but not liiuited to, cost� of docuinentarv evidence,
<br /> abstcacts e�nd title seport,s.
<br /> 19. Bonower°a Right to Reinstate. \Tot�eitlistanding i.ender's :icccleratian of the ,wn� secured by this
<br /> Mortgage, Borrower shall have tt�e right to ha�•e .cny proceedings begun by I,ender to entorcc this \lortgagc dis-
<br /> corftinued at any time prior to entry ot a judgment enfoxcing thi; \lortnage if _ ia ) Borro�rcr pays I.ender all
<br /> 4 sums whic& would be then due under this :�Iattigai�e , tLe �ate xu<9 notee secm•ing Futuru Advunces , if sny . l�ad xno
<br /> � � :f . . � � 3CCC�CS3t?OII �OCCllT2'CC� ; � k>� BQ'.'TOWfT CL'!'CS :i�� }iPC^�•�� �c n£ 3P.)' O± �:f!' MPVll:lt?f� OL 37, TPCttlPnt � O� �OPfO�a�P]' rOtl- . . . .
<br /> ' tained in th9s Martgage; (c ) Borrower pays all rea�onablc es��E°nses inciirrc:� 1',v I :ender in enforeing the cuvensnts
<br /> and agreements of Borrower contsined in this \Iortg�ge and in en {orcin� I.encle�r'> ren�edies as provided in para-
<br /> �taph 18 hereof, including, Gut not limiteii to, reasou:il>le attm•�ieti• '� fee� ; and Ic3 ) I3orro�var takes suc. i� tiction as °
<br /> ' Lender may reasonabiy require to acsure that t1�e 1ien of tliis 1'tortga�;e . Lender's ir.terenb izi the Property a�nd ! ,
<br /> i ` Borrower's obli atzon to s the snms secured b this �Soi•t �ss e al�all cont.inuc unim aired . U �ori such �ayment . _ ° �W " �`
<br /> 6 P Y Y €� B P' I i
<br /> and cure by Bonower, this '�lortgage and bhe obligation� secured herc+b}� = lisll rc�nain in iull iorce and el2ecc as if � � *
<br /> � no scceleration had occurreci. R �+"
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<br /> L 20. Assigamea�t ot Rants; Ap�oiatment of, Raceiver. Lender in Possession. As additional security here- ,; �'u
<br /> under, Borrower he�eby assigns tio Lender tAe renfs of the PcoKiei•ty. prarided tli�t BorroH�er shall , prior to acceler- "��' '
<br /> ation under paragra�h 18 hereof or abandanment of the Property;. )iave tlie right to c�llect .ind retain such rents
<br />� aei tiiey becon�e du� und paysl�ie.
<br /> + � i• � _ c+ � r i t i � � ♦
<br /> L�on 8w�'.�OISelOI1 iluu�I j�aT&S7':r})Z} lo �l�Iu'ua Ja wu:1�1(�ivil�L::I;i v t .0 12'Jj7.; � , 1 Lri�Ci. ;R � � C:sOII , ��Z' a�CII. y� '
<br /> or by judicially uppointed receiver shall fie entitled to enier upon, txke possesc�on oF and 3nanage the Pro�erty �
<br />� andto 'collect' the rents of the Lroperty, including those Past tiue. AIi reai 'ts coiiected b�� i.enner oi' tii� r.-�ei . er �
<br /> ahnli he r+PniiefifirFt t.o l�avment oi t,he cofitc op managem��nt ot the Propertl� ancl �ollection of rent� , includin�, hut
<br /> not limitetl to; receiver's fees, premiums oii receiver's bonrls a:�d reuson.ab2e attorney's iees. anc! then to the sums
<br /> N ' secared by this Mortgage. T.ender and the receiver �hall hc linble to arcounr only iar those rent� sc•tunlly received . �
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