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<br /> � � . . . � .. - . � . � � � � �. �.
<br /> .-' . ,.'. . , ,.. . . . _ . . . . .. ...,. .. . . .. . . . . . . . . .. . . , . . . . . . . . . . . '
<br /> #' . • .�.,� . . . . . . . � � . � � . . . . . . .
<br /> j not eittend or. postpone the due date oi - the monthly instaliments referred to in paragraphs 1 nsid 2 hereof or � �-
<br /> i change;the amount of suclr installmente. ; , . � ;
<br /> . i . . . . . . . . � � 3 �, S
<br /> �. � l0. Bo=rower Not Released. - Extension of the time for pnyn�ent or inodification of amortization of the eums r ; % , * �`+
<br /> seaured :b� this Ntortgage granted Uy 'I.ender to uny successor in interest of Borrower shall not .operate to release, ,�. , ; ;, ; , � �' �' � v ;�'�
<br /> in any msnner, the lia6itity of fhe original Borro�ver and Borro�ver'r> suecessors in interest. Lender shall not. be � . �, s:'
<br /> required to, eommence proceedings against sucL successor orrefuse to extend time for payment or otherwise modify ` ' ` � • A ��''�
<br /> � amortizetion of' the' sums� secured�� by El�is �\tortgage Iry� resson of any �demand rnade by �the original - Borrower and � � ` �� ° + �� �t��
<br /> Borrower's suecessors :in intereet.
<br /> f r
<br /> _, '# CC 11. , Forbe��ee b'y Leader Not a Waiver. Any forbearance by Lender in exercising any right or remedy � - ; r r '�,
<br /> � hereunder, or otherwise afforded by npplicnble law, shall not be u waiver of or preclude the exercise of any right � ' ` " `�;
<br /> � : ra
<br /> ,.. � � or remedy hereunder. The procurement of insurance or tlte puyment of taxes or other iiens or charges by Lender �n . � ` � `f�;
<br /> i O shall not be a waiver of Lender's right to accelerate the maturity of the indebtedness secured by this Mortgage. ;,S' " F =`
<br /> ° O 12:' Remedias Cumulafive. All remedies provided in this \4ortgnge are distinct and cumulative to any other �; ' �
<br /> �; � ..;
<br /> O right or zemedy under this llortgage or afforded by l�«• or equicy. and may bc exercised concurrently, independ- �' s .
<br /> � entiy orsuccessively. x'' r y.
<br /> 13. Successors �d Aasi y; p ' �. ✓ y
<br /> � gas Bouad; Joiat �d Severat Liabilit Ca taons. The covennnts and a eements � ' < , �
<br /> � herein contained shalI bind, nnd the rights l�ereunder shall inure to, L.}�c respectivc successora nnc! asaigns of Leader " ` „t
<br /> ! and Bonower, subject to the prov�sions of paragr:iph 17 liereof. :111 covenants und agreementa of Borrower ahall � ' ;; � �
<br /> � be joint and several. The captions and headings of t.iw iiaragraphs of this \Iortgnge are for convenience only and i '' , �.
<br /> a are not to be used to interpret or define t6e provision� Lereof , � � .
<br /> � 14. Notice. Any notice to Borrower provided for �n tlu� \Iortgxge .hall be gi�•en by inniling such notice by �t A E `✓z
<br /> . 7 certificd mail uddressed to Borrowcr at the Propertv adcirc,s etuted helo�c, exeept for nny notice required under � � �;,� ,•
<br /> ; ;�aragruph IS liereof to bc given to Borro�t•er in thc u�anner prescribed by applicnble fa�v. Any notice provided ;� rf ,r ;,.
<br /> � forinthis Jiortgage shall bc deemed to lia�•c bcen given to Borro«•er n•hen gi�•en in ilie msnner designnted herein. r ` +"
<br /> 15. Uniform Mortgage; Goveming Law; Severability. This fonn of mortgage cmnbines uniform cot enunts � , ' ` ' ��
<br /> � � for nationsl use and non-uniform covenants witl� limited �•nrintions by jurisdiction to constitute a uniform secn- " �' � ` w�,
<br /> � nty instrument covering real property. This \lortgage shull be governed by the law of the jurisdiction in which � ' ` "`+
<br /> the Property is located. In the event thut any provision m• cluuse of tl�is �Iortgage or the Note conflicts with '�
<br /> npplicable law, such conflict shall not affect other provisions of this \Iortgage or the \Tote which cnn be given � e , �`��
<br /> � effeet without the conflicting provision, and to this end the provisions oC the Jforc�ssge and the Note are declared r � ,� §� ''r
<br /> � to be severable. � ' ' v,,ir'�,:
<br /> � 16. Bonower's Copy. Borrower shall be furnished a contormed copy of this �4ortgage at the time of exeeu- S ; � ,���
<br /> tion or after recordation hereof. s jf ,'�`��
<br /> 17. Tr�sfer of the Property; Assumptioa. If all or any part of the Property or an interest therein is soId : , ' ? `��-fs:
<br /> or transferred by Borrower without Lender's prior written consent, excluding (a) the creation of a lien or encum- ; �;; � ,;x:g;�
<br /> . brsnce subordinate to this �Iortgage, ( b ) thc creution of u purchase inoney security interest for household appli- � °: e n���
<br /> ances, (c) s transFerby devise, descent or by operation oi lau• upon the death of u joint tenant or (d } the. grant of r' � ' ` �,�b�,�^W�`i�
<br /> any lessehold interest of three years or less not containing an option to purchasc, Lender may, at Lender's option, �r ,` , • " � , '���'
<br /> declare all the sums secured by this Mort�age to be iininedintcly due nnd paynbla Lender sliall huve waived such � ' �'� "*�����`:�s
<br /> " option to accelerate if, prior to tl�e sale or transfer, Lender und the person to �vhom the Property is to be sold or x; ' �' ' r�'
<br /> tranaferred reach agreement in writing that the credit of such person is satisfactory to Lender nnd that the interest � . ` � 'y"`er;fr`r� :
<br /> payable on the sums secured by this vlortgage shall be ut sucl� rate as I,ender shall request. If Lender has waived � `h"
<br /> , , ', , � �
<br /> the option to accelerate provi3ed in this paragraph 17 and if Borrower's successor in interest has esecuted a writ- � jA£„�,�
<br /> ten assumption agreement accepted in writing by Lender, Lender shssil release Borrower from all obligations under � , �� .�
<br /> this Mortgage snd the Note. , � ,
<br /> If Lender exercises sucl� option to accelerate, Lender shall euail Borrower notice of acceleration in accordance ' " i ' '
<br /> wit11 paragrsph 14 hereof. Sucl� notice shall pro��ide a tieriod of �iot less tl�an 30 days from the date the notice , is �� � 3 � ;
<br /> mailed within which Borrower may pay the sums declared due. If ]3orro�ver fail� to pay sucli sums prior to the :. ' °; '� F,��`^`
<br /> expiration of suck period, Lender may, without furtlicr noticc or demund on Borrocver, invoke any remedies per- �,.; � �` ;�
<br /> mitted by paragraph 18 hereof. ; � 4 �
<br /> . � � ' � NON-LINIFOFLM� COVF.:TAPTTS. BOCCOWC'1' NI7(1 L@I1CI@3' t�lll't}]@1' COVC17A71t and agree as foilows : i
<br /> 1B. Aeeeleration; Remedies. Except us pro�•ided in ��nragraph 17 hereof, upon Borrower's breach of sny ' �
<br /> covenant or agreement of Borron�er in tlus \-tort�ngr. , including thc covenants to pay when duc nny sums securecl �.,�.
<br /> by this Mortgage, Lender prior to aeccleration sl�ull muil noticc to Borro«•cr as pro�•ided in paragraph 14 hereof
<br /> -specifying: . ( 1 ) the breach ; ( 2) the nction required to cure such breitch ; 131 ai datc. not less than thirt,y days i
<br /> from the date the notiee is mailed to 13orroticer, by �chicl� sucli breaich must be eturd ; ssnct (4) ihut failure to eure ,-s;;
<br /> such breach on or before tl�e date specified in tl�c noticc iuuy result in acceleration of the smns secured by this
<br /> Mortgage and sale of the Property. If the Ureacli is not cured on or bePore the date specified in tlie notice, Lender �� :
<br /> at Lenders option mag declam uli ot the su�ns secured by this Mortp,age to Ue immedistely due and paya�Ie ' '.
<br /> without further demand und may foreclose this �Zortgagc b� judicial rroceeding. I,ender shsll be entitled to collect
<br /> in such proceeding all expenses of foreclosurc, inclu�ling, but not limited to. costs of documentary evidence, ' �
<br /> abatracts snd title reports.
<br /> 19. Bo=rower's Right to Reiastate. Notwitlistanding i,endei's acceleration of the sum� secured by this „'
<br /> Mortgage,Borrower shsll have the right to have any proceedingc begun by Lendcr to enforce this Mortgage dis- ;�;
<br /> aontinugd at any time prior to entry of a judgment enfoYcing this �Iortgage if : (al Borrower pays Lender sli � �_;,:.
<br /> sums whioh would `be f,hen due under this �Iongage, thc Note �nd notes securing Future Advances, if any, had no ` �;
<br /> scceleration occurred ; (b) Borrower cures all t�maches of an�• other co�-enants or ugrceu3ents of Borrower con- C ;
<br /> � tained in'thia Mortgage ; (c) Borrower pays all reasonable expense� incurred b,y I.ender in rnforcing the covensnts
<br /> snd agreemeats of Bortowercontained in'this '�Iortga�e and in enforcing Lender's remedies ns provided in psrn-
<br /> � gi�sph �18�7iereof, including,���but not7imited �to, reasonable uttorney's iee� ; and fdl � Borrower takes such nction as� ;l " "'� ti,��.
<br /> , . 7:ead`er may reasonsbly require to asaure that the lien of Yhis �Iortgage, Lender'� interest in the Property and -a.� s '
<br /> � ' Borrower's;obligstion to pay the suma secured by thi�: vIorEgage c��$�; continue unimpaired. Upon such payment �;e'
<br /> andxcure by Botzo�ver, this Mortgsge and the obligations secured hereb�• ehal! rexnain in full force and effect as if � ,:, r �`
<br /> ao socelera�ion had occnrred; .
<br /> r Z0. Aaszgam�at of; Hsafs Appomtment, :of. Receiver, I.ender ia Poeseasion. As additional security here- �" �',
<br /> .,;
<br /> , iitider,Bor�ower �liei+eby 9�aigit 's to'Lender tfie`i�exits'of the Propectp, iirovided that Borrower shall, prior to acceler- ' j
<br /> ; ation un'd'er paragraph 28 .Hereof or abandonment of the Property, have the right to collect and retain auch renta t�Y `'
<br /> ' � sa�6ey�Hecome di►e<snd payabl� � , g:�� :
<br /> . Upda-a�velerstion uader �ara " ' _ ` Y "'"
<br /> P S�ph 1$ hereof or shandomnent of the Yropertv. Lender, in perAon, bv agent
<br /> pr.. �y?�judicYslly, appointedsreceiver: "shal] be entiEled ' to; enter u��on, take poasession of and munage the Property
<br /> snd Yo;collect the rents of:t}ie =Prbperty; including thoee -past due. All rents, collected by Lender or tlie receiver
<br /> ahsll be:applied firat to paytnea�, of Ehe coate of management of the Property and collection of rents, inrludin�, but
<br /> � not hmited' to, rcceiyer's fees, premiirms on rcceiver's bondr x�xi rcasoi�nble attorney's feee. und then to the bums �
<br /> secure3 by t1�is Mortgage. Lender snd the ceceiver shall bc liuble to account onlp for those rents nctunity received .
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