|
9 y,
<br /> � �
<br /> not extend ur postpone the �ue date oi tlir mo�rthl�• iu� + ;� llnirnt . r�•ferred to in p�ragraph� I tsnd 2 hereof or
<br /> change the amount of sucli installme��t� .
<br /> 10. Borrower Not Ral�awd. Extension of tlic tin �e ior � r,tyroent or �noditication uf smortization of the sume
<br /> eecured by this 3lortgage granted by I .euder tu uuy .�w•c���sm• iu intem.t of I3orroKer ,hall not operate to relesse,
<br /> in any manner, the liability of the origival BorroH•er ami }3orro�cer '.. �u�•�•essar: in interest . I .ender shall not be �
<br /> requireci to eomtnence proceeciings against �ucl� sw•ceasor or refusc to exteud time for pa,vment or otherwise modify
<br /> amortization of the sums secured by thi. \ lortgage I �p reasuu oi any� demand made by tl�e oriqinal Borrower and
<br /> Borrow�er's succeasors in intereat .
<br /> � 11. Forb�ar�ee by L�stdsr Not a Waiv�r. An,y Sorbear�nce hy I,ender iu exercising uny right or remedy
<br /> � hereunder, or otherwise afforded by uEiplicable la�� , shall not Le a �sai:�er of or preclu�le the exerciee of any right
<br /> � or remedy hereunder. The procure�neut of insurance or tlie � ia���nrnt uf taxe� or other liens or charges by Lender
<br /> � ehall not be a �a•niver of Lender 's right to accelerate the uiaturity of tlie indebtedness secured I>y this b4ortgage.
<br /> C 12. R�m�di�s Cumulativ�. All remedies provided in tlii� \ lortgage ure distinct and cucnulative to any other
<br /> � right or remedy under thia \ IonKagr or afiordi•�i hp lu �� nr r�� uir �• . an� ! uus}� lu� exerci,ed concurrently , independ-
<br /> � eatly or successively .
<br /> 13. Suee�ssors �d J1�rigns Bound: Joint mnd Several Liability; Captioas. Thi• c•o�•euxnt.s and agreements
<br /> ^ herein contained shall bind , and ttie rights hereuuder �I� sll inin•�• tu , thc re.� �e��ti���• .uccessors nnd aseigns of Lender
<br /> and Borrower, �ubject to the provision, ui � ,araR�;,� �li 1 ; hrreuf . All ro� rusut., an� i agreemeuts ot I3orrower s6all
<br /> be joint and se��er�l . Thc �•a� �ciun� and Iic:xdinR, of tlu• � �ai•a};r;�� �h. ol thi� Alurt �;sqe ur�� lor eon �•cnicnec onlv and
<br /> are not to be used to int:erpret m• defin�• tl �c � n•ovi�iuu.. Lrrroi. �
<br /> 1 �. Notie�. Auy notice tu Borrok� e� r pro�� i� l��� i for in cl �i� Alurtgago .liull b�• �; i � ��� i b}� u�ailinq nuc• h notice bY
<br /> certified mail addreased to Borro�rer- at nc� 1�'ru� ��•ri }� .A � idrt�,. �.t : ite� i h,� lu�c . ��s�•�•��t iur ;iip� notier rtryuire�i under
<br /> paragraph IS hereof to b�• �!icru � u liorro�cr•r � n rlu� iu:Aun��r � �ro.cril ���� { I � �� :�� ,� � li �• :iblo In�n� _ :� n�' notiec• �.�rot�ide�1
<br /> forin this A4ortge�ge �l �all h�• deetnr� i to lua�'e bo��u g� ��cu tu liurru�c ��r ��� h�•n Fi����n iu th�� inanner d��.iKnated herein .
<br /> 15. Uoifosm Morlgage; Govarning L¢w; Sevorebility. 'I'lii � tur�u ui uiortRaRr � umbines uniform co� enants
<br /> for national use and non -uniform i�uve�,ant. �� itL limite� i �ariatiun� hp juri �diction to ��onstitute a uniform secu-
<br /> rity inatrument eovering real � n•operty . '1'hi. \ lortgage shuli I ��� �;uverne, i bt• th�� la�c u{ the jurisdiction in which
<br /> the Property is located . In the e�•ent that :Luy provision or <�lause oi th �s \1ort6xge or the Note conflicta with
<br /> applicable latc, such conHict shall not afiect other � >ru � i,ion., ui thi. \ lortgage or the Note which can be given
<br /> etYect without tlie conHicting provisiou , and to this end the pro�•ision. o ! thr \lortgaKe snd the Note are declared
<br /> to be severable.
<br /> li. Bortow�r's Copy. Borro�a•er shall he iurnishecl u c•onf'm�tned �•opy u ( this \Iortgage at the time of execn-
<br /> tion or sfter recardation hereof .
<br /> 17. Tsawl�r o! !he Prop�rly; Arsumption. If :ill or• any psrt �,1 the• Propertti• or an interest therein ie aold
<br /> or transferred by Borrower without Leuder's � �rim• �crittcn r�unseut . rxeluding is ) tt �c �•reaiion of a lien or encum-
<br /> brauce subordinate to thi� Alortgage , � h � thi� �• restion oi u pur��hu.�� �uonev ,ecurity interest for household appli-
<br /> bncee . lol a transfer hy �levise . �1���cP�t or by oEiF�rxtiun uf Iso� u� w�i etu� deatli of a joiut tenent or id ) the grant of
<br /> any leasehold interest ol' three yeur� or lee. not cuntainwg �su uptiun to � �urchase, Lruder may , at Lender's option ,
<br /> declare al! the sunie �ecured by thin '�lortgagc to I�r iwuiediatel� c1u�• an� i payxblc� . Lender ehull Lx��c u'ai��ed sueh
<br /> option to accelerate i( , prior to the enle or tranaier, L��nder aud tL.� � ,rr�un tu « Iwn � thc Yroperty is to be sold or
<br /> tranaferreci reacL agreement in wricing tLnt tLe rredit ui sucli � rcr�on �s s�t �,tnctur�� to Lender and tliat the intere�t
<br /> payable on the sums sr�• urr�l by thi� 1lortgagr :>hall br at ��i�l � rat �• a.� Li•ndc� r nliull reyuest . It l .rnder hne waived
<br /> the option to accelerxte pruvided in tliie puragrapli I i an� i i i 13urro�ver'. �uri�rs,ur iu i��terr,t I�ur executed a writ -
<br /> ten aesuntption agreetnent accepted in a�ntiug I�p I.endci•, Lrnder rhall r�leaet: Burrowrr lrotn dll obligatione under
<br /> thio Mortgage and the Note.
<br /> If Lender exereiees sucL optivu co accelerste , Lender stiall �uail lim•rower notic�• oi acceleration in aeeordenee
<br /> witL Naragraph 14 hereul. �ucL nouce �liall pru � id�• u � ,rriixl uf uut l��s, tLun 30 � ia}�� fro�n thr datr the notice iw
<br /> mailed within whicl� Burrowi•r ma} � �a�• tl��• �unis dc�• Ixr��d duc. li liurru�c�• r fa� l, tu � �st� �uch suu�s }�rior to the
<br /> expiration of surh period , Lrnder ina}• , �� ithout funlirr nuur�• ur � { r� u:iu,l un liurruwer, in �•ok�� dm• remedieE per-
<br /> mitted by parsgraph 181iereof ,
<br /> \ c,x- [ ' xitoxM l 'uet: xn :cTn. tiurruw��� r � u�] L�+nde• r Yin• tlu• r �•n � �• urutt aud tiK'ree � s follo�� � :
<br /> lY. AeC�bratioa: R�msdi�e. I:ae�� � q a� � � roci� l �•� I m � �;uu� r;� � � l � 17 I �rr��u1 , ulwu Rorrow�• r :. bre3i�Ii o( am•
<br /> covenant or agrc�n�rnt of Rorruu�<�r in il � i, A1urt �;a �;� . iu� � lu� iiu�; � I ��� ro���•uuu � . tu � �a � H� Li�u � iu�• un�• .uin. ..erurrd
<br /> by this \] ortgage , I..endi• r � � rwr tu sci•c (rruUou > liali nuul uu� ic•o tu };urru��� i� r s� � �rnvui.•il in ��aru�;ra� � li 14 hrreof
<br /> speci(yinq : 111 tlie bra•aeh : i2 � thr• ai�nun royuinai tu �• iu . • ,ucli lir��urli . i3i u � iatr . not li�.• tlian thiitc dnYr
<br /> froiu the �1ntc thi• notii�i� i� uixilt�� l tu li� � . ruu� �r . ! � c » ! , i � i , - ii . l � I �n ;ii li inu.t Lr �� ur�•� i . au�l i4 i � Lat issiiun� � o cun•
<br /> nuch breach on or brfon• tLr dnti� . � rrriYied w tlir uuu �•� ivae i�•� ult m s�•e�• l��rauun � �( th� .un �• ,r� urrd l ��� this
<br /> �lortguge and aale uf t!u- YroE�erh� 11 t }u� bri•acL i. uut �• ur,�. i � u; � � r I ,i•iuro th. �lat �• �pr�• ifi�•� i � u th�• noti.•a•. I.en�lrr
<br /> at Ixndrr'� option may declar�� all u( thc .wu• srcw�ed h�� thi, A1nrtKagi � tu I �e nunu•diat �� ic �fur ;sn� l pa}'able
<br /> without further drmnnd an� i may foreclu,�� tlii.. � lurt �uR�� h�� Iw1ii• iul � �ruc•��rdin�; Li•n� irr ..6 :t11 ho � ntitl��� l tu rollect
<br /> in nuch proecedin�; all rx��rur.•. oi Iur�•clo,,iuo . in�• lu� lin�; . hut nut Iniirt ��ii tu �•u,t � �N' � iu� uni�•m �u'} ���• idrnce,
<br /> abstracta and titlr �rport �
<br /> 1S. SO�TOw�['s Iliqht to S�itutct�. \ otwitl �.tun�iu�k Lrudrr . :tr�•�d��rxtion u( th�• aunir .ecunv� b�' thie
<br /> Mort�age, Borrower shall have the right to i�a��c ain• � u�ocee�fin�;., hr�;un b�• f ,rudi•r iu �•nfurr�• th �. �fortgage din-
<br /> eontinued at uny timr priur to entry of a ,jud�u �rnt �•uiuq��� in�; ihi.� \ Iurty�aKa• i � : � ai liorruwer � �a��r Lrnder all
<br /> run� which would be then due under � h �� \lurt�;a��� . � h�• \ote nud nut �•r neeunu� F'u� urr Ad � iinc��t , if anp , had no
<br /> &CCPIPI'8t70l7 OCCUI'fP/"� : ! {• 1 BUf7'ON'CS' � u:c:� ,� : � � � iw� � ;� -� i � i ; ali \ ullia' 1 ru � t' il.tl �l . UI' :i�',f�•r111V11Cr ul }.SUI'I'ON'C7 C-0!]-
<br /> tYined in thie !�fortgage ; Ic ) Borrower pal's all rra�unablr ��� � n�n,�•. u,c• urr�•� ! I � c L�•rnl�•r tu �•nfurcin�; tlir �•oveuxntn
<br /> aDd s6e+eements of Borro�ver contained in thi� \lort �a�:c snd iu ��nfurc•mK Lrndcr'. rrn�edirr a� � �rocide�i in pssrtt-
<br /> graph IS hereof, including, but not limited to. ress.otial, lo �ttorn�•y - ire, . :. u� I � �ii liorruw �•r txker .uch action an
<br /> I.eeder may rearpnably require to sssure that thc licn of tlii� \IurtKaKc , L�- uder'. iutrr��st in thr Yro{,erty 3nd
<br /> Barro�ver'r obliestion to pay the sums esecureci by thi� \lortkuCr - hxl ) euntinui uniny�xir���i 1 '� +un .uoh pu}'ntent •
<br /> aod cure by BOtrover, this 1�ortgrge and thr obliRatiou� �c•currd lirrrb� ..Lall rr�uain in lull Smrr and effect as if �" �' ,
<br /> uo aox3era4ioa had occurred. � + .
<br /> �' ���� � �'�% �PP�r�d d Moa�K: i.s►d�r in Po�ion. A� additional �;ecurity here- J ""k'�
<br /> under, BMro�ve� hereby weisns tp Lettder the rents of thr Pro��eny . � �rovid��{ t I�at Rormw•er ehall , prior to acceler- '!�'
<br /> ati�in uader para�raph IS hereof or absndonment of tlur Yro� �c+rty , l�x � c ct�e• riKl�� to eullrc•t and retain nuch rrnts
<br /> ar tluy beoou�a dw� wrl �►ryrblr.
<br /> L'�on acccleraticx� uirier �Hueyµ��yi� 18 l�rre�i ur ni.un�i�nn��•nt of tl�r k'ro�iriv �� , l,rndei•. in � H•mun . t��• t�gent
<br /> or by judieially apQoiated reoeiver ehall he enUtled to ente� uEan . txkc � w�;i:c�.riuii �f nnd ii�anx�;r the YroEx•rt �� M
<br /> and to oolleet the renb of tht• Prppe�ty, includin�; tha:e ��t due . All rents rollcettri ! ��' Lrndt•r ur the rr����iver
<br /> shall be sp}+lieel fi*wf f� T+wynw�c �f tfip �e�p of manngem�nt of ! �1C f�70j 'Cl't \' :1 ::� � , �ii : i � i :.:L v � � r � � � . . iu� iu�l � f�p, . � rul
<br /> not limited to, t�eoeiver's fers . premium�: on r��ri�iver'. IK�nd.. :snd r��a.onahlr :stturne�� ' � fi•�•� . si,d th�•n tu th�• .um..
<br /> secured bythia !bSortgage. Ixnder snd thr rerei�•c-r .hall fw• IiaF�lr to xrrount unh for tho...� n •nt . :t � �tiuill�� n•roi � o� i �
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