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<br /> ¢ not extend or postpone the due , clate ot ti�c �nonthly instmllments referred to in par�graphs 1 clnd 2 hereof or
<br /> ' � chunge the amount o[ such inatallments. y.
<br /> ; ! ' l0. Boaower Not Releused. ractenaion of the time for payment or modification of ainortization of the aums ,� �
<br /> ; secured by this tlortgage granted Gy I.ender to any successor in interest of Borrower shall not operate to release,
<br /> in any manner, .the liability of the original Borro�ver and Borro�cer's, succesaors in interest. Lender shall not be ! � " „ 'F �
<br /> 'F� required:to commence proceedinge against suclr succeasor or refuse fo extead"time fpr payment or othernise modify p e ? , � + � � , , �� ,
<br /> amorEisatiun of'tihe sums secured by this �fortgage by reason oP any �iemand tnade by the originai Borrower and "' 4 a � s f �s
<br /> �� BorroWer's successors in interest. � ,, � � , ;' i ��
<br /> � 1L Forbearanee by. I.eader Not a Wmver. Any forbearance by Lender in exercisin� any right or remedy � '" `F
<br /> ,�x� �' herennder, or otherwise afforded by applicable inw, shall not be u waiver of or preclude the exercise of any right r � ` 'i�:
<br /> '� or remedy hereunder. Tne procurement of insurance or tlie puyment of tfuces or other liens or charges by Leader am , ` � r v�a�;'
<br /> uc
<br /> . � �O sha12 no£ ' be a waiver of Lender's 'right to accelerate the muturity of the indebtedness secured by this l�iortgage. �' ,'_� � '
<br /> , O ' 12. Reaiedies Cnmulativa: All remedies provided in tliis Vlortgage nre distinct nnd cumulative to any other � , j ' v , 'a ' �?�
<br /> - O righL or remedy;. underthis \Iortgage a• dfforcicd I>y ta«• or equity, and may be exercised concurrentty, independ- � • � � ' 'j «�`7
<br /> ,� ,
<br /> ? .� O ently� or sueeessively. , ;� > r � �f�
<br /> 13r Sueeeesors �d Assigns Bound: loint �d Several Liability; CapHons. The covennnts and agreements � '� A '
<br /> ; t � herein contained shall bind, xnd the rights lieremider shall inure to, thc resPectivc successors znd assigns of Lender �'I- ' � x�
<br /> � ^ and Borrower, suhject to the- provisions of paragrupli 17 hereof. :�ll covenants und agrecments of Borrower shal1 ��, i < t , a `;
<br /> � be joint arid several. The cnPtions and headings of the puragrapl�s of this \Iortgage nre for convenience only and a° ; ,i ' �`;
<br /> are aot to be used to interpret or define tfie provisions I�ereof. ;"'�.kE'
<br /> 14. Notica. Any notice to Borrower pro�•ided for in thi� \lortgage s6a11 be gi�•en by inailing such notice by �` � � z�`^ S
<br /> ' � � r ! �.
<br /> certi&ed mail addressed to Borro��er at the Propert}• ?lddress stated belo«•, except far �ny noticc required under � ' s ¢Y �,''s
<br /> psragrnph 18 hereof to be given to BorroK•er in thc inanner prescribed by applicssble law. Any notice provided � , J�'
<br /> , � , for in this �Lortgage shall be deemed to hu�•c been given to Borroe�er �vl�en gi��en in the inanner designuted herein. � r �cM
<br /> ) 15. Uniform Moztgage; Goveming Law: Severability. This forni of mortgage combines �miform covenants �, 3 ,»�w
<br /> y fornational use und non-uniform covenants witL limited variations bg jurisdiction to constitute a uniform secu- � , ir°��
<br /> _k .. . , y'�.
<br /> , rity inatrument cov,ering real property. This \Ioctgagc shull bc governed by the la�v of the jurisdiction in which „�
<br /> - � the Property is located. In the event that any provision or clause of this �Iortgage or the Note conflicis with � , � " ,?` �,
<br /> applicabte law, such conflict shail not affect. other provisions of this �Iortgage or the Note which can be given + ��;�
<br /> � � effect without the conflicting �rovision, nn�i to this end the provisions of tl�e \Iortgnge and the Note are deolared ; ' w �h
<br /> tobe severable.
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<br /> 16. Bortower a Copy. Borrower shall be furnislied n conformed copy of this tiiortgage at the time of execu- ' '. ' ��>
<br /> tion or after recordation hereof. ; ' <��$�
<br /> 17. Transfer of the Pzoperty; Assumption. If all or any part of the Property or an interest therein ia sold �� '
<br /> z� � � �
<br /> ' ; or tranaferred by Borrower �vithout Lenders prior written consent , excluding (a ) the crestion of a lien or encum- � � , ;�„ �` +:�,+,.
<br /> - ( brance subordinate to this VIort�age, ( b) the creation of a purchase rnoney security interest for household appli- "` , Y ' �r�} ,.
<br /> � < sa g.
<br /> ances, (c) s transfer by devise, descent or by aperation of 1aw upon the death of a joint tenant or (d) the. grant of , ; t,�„ ��'�
<br /> any leasehold interest of three years or less not containing an option to purchase , Lender may, at Lender's option, t '; �r�� 4
<br /> declare a11 the sums secured by this 14ortgage to bc immediately due und p�yoblc. Lender shall have waived sucb � ' F� �
<br /> option to accelerate if, prior to the sale or transfer, Lender anci thc person to whom the Property is to be sold or � ' � + ° "��.M�
<br /> transferred reacl� agreement in �ariting that the credit of such person is sstisfactory• to Lender and that the interest ` � �,," .�;���
<br /> �: payable on the sums secured by this tifortgage shall be at sucL rate as Lender chull request. If Lender hss waived � < ax�?
<br /> the option to accelerate provided in this paragraph 17 and if Borrower's successor in interest hns executed a wri� t '' s ` � '� ��.
<br /> , ten asaumption sgreement accepted in �vriting by 7,ender, Lender shalt release Borrower from sll obligatione under �: =s '�`;.���,:
<br /> this Mortgage and the. Note. r ;��:
<br /> If Lender exercises such option to accelerate, Lender shall xnail Borrower notice of acceleration in accordance � � �'��� ��
<br /> witU paragraph 14 hereof. Such notice shall pro�•ide a period of not Icss thnn 30 days from the date the notice is �-
<br /> mailed within which Borrower msy pay the sums declared ciue. If I3arro«•er fails to pay such sums prior to the ,� ,��;>
<br /> expiration of' such period, Lender tnay, �vithout further notice or demand on Borrower, in�•oke any remeciies per- ' ' '+'
<br /> mitted by paragraph 18 hereof. ' � ; ' ` � ?;�'
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<br /> 11ox-Uxiaoxni CovExenTs. Borrower �nd Lender furtiier covenant and agree as follows : � >'
<br /> 18. 'Aeceleration; Remedies. Except as pro�•ide�t in paragr.ti��h 17 hereof, upon Borro«•er's breach of sny � �
<br /> covenant" or agreementi of Borro�eer in tliis \Iartgagc, incle+eling•tlie_coveq�pts„to pay ���hen due stny sums secureci � ' -
<br /> by this Jlortgage, Lender ��rior to acceleration ,hall nuiil` notice to Borrmver ,uri ��rovide�i in paragrapl� 14 hereof P , . , ,, ;_ �, r
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<br /> specifying: ( 1 ) the breuch ; (2) tUc nction required to curc ':uelr }�reaeli;:`131 x dnte, not less than thirty days ; r
<br /> from the date the notice is mailed to Borro«•er, 1» «•huh sucli I�rencl�"inust"bc cured ; nnd 14 ) thnt failure to cure � ,`i;
<br /> such breach on or before Ll�e dnte specified in tlie noticc �uuy result in sseccleration oE thc �ums secured by this ° ''''
<br /> } � ' tiIortgage and sale of the Property. If the bmac}i is not cured on or beforc the date apecified in the notice, Lender ' � � �'
<br /> . �. " at Lender's ' option may declare all of the sums secured by this Vlortgage to be immediately due tind payable � "::
<br /> i without further demand and �nayforeclose this �lortgage bp judicinl iiroceeding. Lender shall be entitled to colleet
<br /> ' in such proceeding all expenses of foreclosure, incluiling, but not limited to. costs of docwnentary evidence, ' `
<br /> r' �T abstrscts and title reports. a
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<br /> '. ! 19. Bozrowsis Right to Reinstate. 1\'otwithstanding I.ender's acceleration of the sums secumd by this = , �;.
<br /> Mortgsge, Borrower shall hQve:the right to ha�•e any proceedings begun by T.ender to enforcc this vlortgage dis- ; ' "
<br /> continued` at any time prior tolentry of a judgment enfoYcing this \fort�age if : (a) Borrower pays I.ender all #
<br /> � �� suma which would be then due under th�a JIortguge, thc Note and notes securing Futurc Advances, if anv, had no { �
<br /> seceleretion occurred; (b) Borrower cures al1 brenclies of �ny other co�•enants or agrcements of Borrower con- i '���<s
<br /> � tained in t6ia Mortgage ; (c) Borrower pays all reasonablc expense� incurred b}• I.ender in cnforcing the covensnts ! '•
<br /> °„� snd agreementa oR Borrower contained in thia >�Iortgu�e nnd in enforcinR T.endcr's remedies as pmvided in para- � r i '
<br /> rx �aph i8 hereof, including, but not limited to, reasonnble attorncy's iee_ : and � d i Borrower takes such action as ; a�
<br /> I.ender msy, reasonably require to asaure that the lien of this �Iortgage, Lender's- interes4 in the Property snd
<br /> p : BorroweT's obligstion to psy the sums aecured by thi: \lortgage shall continue unimpaired. LSpon such 'payment �, �; � r,'rt'
<br /> ` and gxtre by Borrower, this Mortgage and t2�e obligations secured hereby slinll reinain in full foree tsnd effect as if ��
<br /> � :' . _
<br /> � no acceleration had occuned. -' r` z;
<br /> 20� A'sig�meat oi R�ats; Appaintment of Reeeivar; Lender in Possesaioa Ae additionnl security here- t
<br /> si
<br /> undeF, BorrowerHefeby sseigns to 7:endertl�e zents of the Property. Provide�i that Borroaer shall, prior to-acceler- " : „ ,�
<br /> s
<br /> 't staon under psragtaph - 18 hereof or abandonment of the Property, have thc right to collect and retain such rents } x 5. ��
<br /> as4,hey become due�and payable. ��:�` , :� . � . � � � ���,. ��
<br /> t " tfpon scc�teration .under paragrapl� 18 :hereoi ori:nbandonment of tl�e Yroperty, Lender, in person, by agent � " ;
<br /> � oiRbg �nd�o�alijf'appomted lreceiv,er�phal}, be entitleci xo enter upon, take posaession oi and mana�e the Property Y�:� � �
<br /> 's�.. ' `
<br /> ' .. srid, to:colleet. the:,i'eitts of,the �'rpperty, .iqoIvtting ,thoae.past :due. All rcnts :collectecl, by Lender ar the receiver =... „ x„ - .
<br /> ' sha1111e agplied:first to payment of the costa of manngement of tUe Property and collection of rents, including, but
<br /> �r not �uuited to, mceiver's fees, premiurna on receiver's bond� und rnasonsble attorney's fees, and then to the sums
<br /> „ secured by.this Mo`rtgage. Lender and the receiver aGall be tiu6le to accoant only for those rents actunlly received .
<br /> -��' .
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