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<br /> :�. �: .. . . . . . .. . . . . . . . . . .. . . . . .' . � . . . . . , . . . . . � �� . . . . � .
<br /> ^--; r'+� . � . . ...
<br /> �• ,
<br /> not extend or 7�ostpone the due date of the montlily inst:tlhnents referred to in paragraphs I and 2 hereof or
<br /> change the amount of such installments.
<br /> 10. Botrower Not Released. �xtension of the time for pa,ynient or �nodificntion of 3mortization of the sums
<br /> secured by this Vlortgage grsnted by I.ender to uny successor in interest of Borrower shull not operate to release, ,�
<br /> in any manner, the liability of the original Borrower und Borro�ver's suceessors in interest. Lender shall not be ^'` "
<br /> required to commence nroceedings against such successor or refuse to extend time for payment or otherniae modify � ; rtl
<br /> Qy smortisation of the aums secured by tliis \Iortguge by reason of any demand made by the original Borrower and , + `
<br /> � Bonower's succeseors in interest. " '
<br /> Q 11. Forbe��ce by Leader Not e Waiver. Any forbenrance by Lender in exercising nny right or remedy ,;
<br /> �{ hereunder, or othenvise afforded by applicable law, shall not be �, wai-rer of or preclude the exercise of eny right
<br /> p or remedy hereunder. The procurement of insurance or the payment of taxes or other liens or charges by Lender
<br /> � §hall not be a waiver of Lender's right to uccelerate the maturity of the indebtedness secured by thia Mortgage.
<br /> ' 12. Remedies Cumulative. �111 remedies provided in tl�is \lortgage are distinet and 'cumulative to any other
<br /> � right or remedy under this 1Iortga�e or :tfforded by lae• m• equity, snd inay bc exercised concurrently, independ-
<br /> � ently or successively:
<br /> 13. Successors �d Assigas Bound; Joint �d Several Liability; Captions_ The coveniints and agreements
<br /> herein conteined ahall bind, nnd the rights hereunder shall inure to, thc respective successors nnd assigna of Lender
<br /> und Borrower, subject io the provisions of para�rnph 17 hereof. All covena.nts and agreements of Borrower shall
<br /> be joint nnd several. The captions and headings oC tl�e paragrn�ihs of this \Iortgage arc for convenience only and
<br /> are not to be vsed to interpret or define tlie provicions hereof.
<br /> 14. No4ce. Any notice to Borro�ver pro�•ided for in tl». �lortgage �hall be gi�-en by mailing such notice by , ;
<br /> certified mail addressed to Borrower at thc Yroperty Addies� stiited bclo�v , exce�t for uny notice required under
<br /> psragraph 18 l�ereof to be given to Borrot�•er in the manner prescribed bv .tp��licable In�v_ Am• notice provided
<br /> forin this �Iortgage shall be deemed to l�nve been given to Borro�ti•er �rlicn gi�•en in the manner designnted herein. i �;
<br /> 15. Uailo� Mortgage; Goveming Law; Severability. 'fhis ionn of morigage combines uniform covenants � : , :�
<br /> for national use nnd non-uniform covenants witli limited �•ariations by jurisdiction to constitute a uniform secu- ` a`
<br /> rity instruinent covering real property. This \Iortgage shnll bc governed by the la�v of the jurisdiction in whieh f ' '.�
<br /> the Property is located. In the event thnt any provision or clause of this �fortgage or the \•ote conAicts with ;;
<br /> applicable lat�, such conflict shsll not affcet other provisionc of this \iortgage or the Note which enn be given � F� !
<br /> effect without the conflicting provision, and to this end the provisions of the \tortgage and tl�e Note are declared � �, ,5�,r';
<br /> to be severable. � �
<br /> 'f Y �(
<br /> i6. Borrower's Copy. Borroticer shall be furnished a coniormed copy of this 1-iortgage ut the time of execu- � � �;�
<br /> tion or after recordation l�ereof. �r " '
<br /> 17. Traasiez of the Property; Assumption. If all or any part o[ the Property or an interest therein is sold ' *k-,��
<br /> ' a :'up"
<br /> or transferred by Borrower without Lender's prior written consent, excluding (a) the creation of a lien or encum- - �an
<br /> a
<br /> brance subordinste to this �Iortgage, ( b ) the crention of u purchase money security interest for household appii- .; ,��
<br /> ances, (c) a transfer by devise, descent or by operation of lao- upon the death of a joint tenant or (d) the_ grant of a � ";'�.: <
<br /> an ]easehold interest of three ' � �`-" - -
<br /> y years or leas not containing an option to purchase, Lender may, at Lender's option, � .,,c� '-
<br /> declare slt the sums secured by this 1�Iortgage to be iinmediutely dae und E�ayable. Lender shall have waived such �>
<br /> ;��,
<br /> option to nccelerate if, prior to tl�e sale or transfer, Lender and the person to whom the Property is to be sold or � ; ��,�}•
<br /> transferred reach agreement in writing tl�at the credit of such ��erson is satisfactory to Lender and that the interest � ��'
<br /> psyable on the sums secured by this vIortgage shall be at sucl� rate as I.ender shall request_ If Lender has waived ;i ' y`4�'
<br /> the option to accelerate provided in this paragrapli 17 and if Borro�ver's successor in interest has executed a writ- ` '''
<br /> ten assumption agreement accepted in writing by I.ender, Lender shall rclease Borrower from all obligations under '"
<br /> thia Mortgage and the Note. '� � ''^
<br /> If I.ender exercises such option to accelerate, Lender shall :uail Borrower notice of acceleration in uccordance ``�'�
<br /> �vith paragraph 14 hereof. Such notice shall pro��ide a period of not le;s than 30 days from the date the notice is
<br /> mailed within which Borro�ver may puy the sums declared due. If Borro«er fails t.o �a � such sums j'
<br /> � } prior to the 4� �
<br /> expiration of such period, Lender msy, �vithout furtl�er notice or �lemand on B'orrower, im•oke any remedies per- , ,�
<br /> mitted by paragrsph 18 hereof. �• ,
<br /> , < s�;� .
<br /> � NON-U�IFORM COVENANTS. BOl'3'O\i'Ql' A71C1 L011[ICl' }�111'tI1C'1' COVBl1flIIt and agree as fol]o�cs : �'
<br /> � 18. Aeeeleratioa: Remedies. Except as pro��ided in � �uragrui �h 17 hereof, upon Borrower's breiich of ang at��
<br /> covenant or agreement of Borron•er in tlzis �for[�age. including the co�•enants to pay �cLen due an}- sums secured : r,�='
<br /> by this �lortgage, Lender prior to nccclerntion ,hall m:iil notice to Borro�ver as � �ro�•ided in paragraph 14 hereof , �:�v'
<br /> specifying: ( 1 ) the breach ; ( 2) the action requircd to cw•o .uch brencii ; 13 ) n dnic, not less than thirty days Y �' �
<br /> from the date the notice is �nailecl to I3orrowcr. b�� ��•hicli �ucli bre;ich must be cured ; :tnd � 41 that fuilurc to cure ' '�� }�',;
<br /> such breach on or before tl�e dnte specified in the noticc mdy result in accelerution of tlic swn, secured by this , ';'
<br /> J�Iortgage and sale of the Ptoperty. If the hreucl� is not cured on or befa•c the dnte specified in the notice, Lender
<br /> � at Lender's option may declare nll of the sums secured by tl�i� \lortgage to be immedintely due and paysble
<br /> without further demand and msy foreclosc this \lortgagc b�• judiciul proceeding. Lender shatl be entit2ed to collect
<br /> in such proceeding all expenses ot foreclosure, including, hut not limited to, costs of docwnentary evidence,
<br /> abatracts and title reports.
<br /> 19. Boaowoia Right to Reiastate. Notwitl�atanding Lcudei's acceleration of the sum� secured by this
<br /> Mortgage, Borrower shall have the right to have �ny Proceeding. begw� by Lender to enforcc chi, �lortgage dis-
<br /> continued at any time prior to entry of a judgment entoxcin� this �Iortgnge if : ( ul Borro�•er pays Lender sll
<br /> suma which would be then due under this \lortgage, the Note and notes cecuring Futurc Advances, if sny, had no
<br /> acceleration occurred ; (b) Borrower cures nll breuches of any other co�•cnants or �grcemente of Borrower con-
<br /> tained in thia Mortgage ; (c) Borrower pays all reasonablc espenses incurred bc• i.ender in enforcing the covenants
<br /> and sgreements of Borrower containecl in thie <iortKa�e and in cnfarcin�; i_cndcr'� remedie� ns pro��ided in Para-
<br /> graph 18 hereof, including, but not ]imited to, reasonable attornep'e ieec : nnd fdl Borrower takec 4uch ssetion ns
<br /> Lender may ressonably =equire to assure that the lien of this 1Iortgage, LenJer 5 interest in the Property and
<br /> Borrower's obligatioa to pay the sums secured hy thi� �tort�agc shall eontinuc unimpaired . Upon euch payment
<br /> snd cure by Borrower, this Mortgage and tlie obligations secured I�creby �hall remain in full force and effect as if -> t--� � ' `
<br /> no seceleration had occurred.
<br /> 20. Aosignmaat of Iisats; Appoiatment of ,Heceiver; Lender ia Possession. �, udditionnl security here- 7� `� �` » f
<br /> tinder, Borrower hereby'aBeigns:to Lender the rents otthe Property, providecl fhat Borrower shall , prior to acceler- � '' ' �^
<br /> ation under paragraph ' 18 'hereof or abundonment of the Property, I�avc the r9ght to collect and retain auch rents ��, : y `
<br /> as they become due and psyable. : t`�
<br /> �,.,. � :.
<br /> Ugon .acceleration under Psragrapli 18 l�ereof or �hsndonment of the Yroperty. Lender, in person, by agent r+� `
<br /> or by. judicially o.ppointed receiver.:�hsll. be entitled to entec upon, tske poa�ecsion of and inana�e the Yroperty >r5'• '� �
<br /> �.
<br /> - and;to, coIleoE the rents of the -Property; including those past due. All rents collected hy Lender or thc receiver
<br /> shall be applied first to pe�yment of the costs of �nanagement of t6e Property and collection of rents, including, but
<br /> not limited to, receiver's fees, premiums on mceiver's bondG nnd rcasonnble attorney's fees, and then to the cwns
<br /> seCtind bg this Mortgage. Lender and the receiver shall bc liabte to account onh� for thoce rents actunlly rcceived .
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