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<br /> .'. .�� . . . . . . . . � . . . . . . . ..�. . . . . ... . � . �. i. . . . . . . . i .. . � . ., . . ^ . ` . .
<br /> ; . . �� � . . „ �
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<br /> � not extend or post�one the due date oi, tlie monthly instnilments referred to in puragraphs 1 and 2 hereof or
<br /> ""< ; change the amount of such inatallmen(s. '
<br /> ,,:
<br /> ' tiS. Borzower i33f BsLe�aaad. , �xteneiui� u[ ti�e tiwe for �is,ymeu6 m• madincation oi amortizution oi the suma ;
<br /> e
<br /> � secured by 6his l�tortgage granteci .by I.ender to any successor in interest of Borrower shall not operate to relesse, °,
<br /> � in nny �nanner, "the liability of tl�e original 'Borrower and Borro�ver's successors in interest. Lender shall not be ' ' �
<br /> required to comnience proceeJings against suci� successor or refusc to e�ctend tirne for payment or otherwise modify � i � f :'{���
<br /> .; smorEizatioa of the sums secured by this \Iortgagc by renson of any demand made by the original Borrower and � *' $('�
<br /> Borrower's successars in interest. � F ° "�
<br /> b 11. Forbe��ce by I.eader Not a Waivar. Any forbenrance by Lender in eacercising any r':ght or remedy ' " `` °
<br /> hereunder, or otherwiae afforded by applicable la�v, shall not be a �vsi-rer ot or preclude the exercise of any right � : � �'„�
<br /> *y or remedy hereunder. The procurement of insurance or thc payment of taxes or other liens or charges by Lender " ' + ^:
<br /> � ahsll not ' tae a waiver of I.ender's right to accelerate the maturity of the indebtedness secured by this Mortgage. �+'
<br /> rvft
<br /> �j LrJ 12.: Hemedies Cumulctive. All remeclies provided in this \4ortgage ure distinct and cuaiulative to any other ,; ,;,
<br /> *"'� right or remedy under this \Iortgage or afforded by la��• or eryuity, and may be exercised concurrently, independ- ` ` �'.'>
<br /> �.:
<br /> Q ently or successivelv. r i
<br /> O 13. Suaeessors �td Aasigsis Bound; Joint �d Several Liability; Captions. The covenants and agreement& � .: ` � s
<br /> 9 $ � .
<br /> herein contained shallbind , and the rights hereunder shall inure to, t1�e respectivc sucr.essors and aesigns of I.ender r` � "
<br /> � and Borrower, subjeet to the provisions ot pnragrnph 17 hereoi. 91l covenants and ugreements �f Borsower shall e^. , � r
<br /> W be joint and severat. T6e captions and (ieadin�;s of tLe paragraphs of thi; �Iortgage ure for convenience only and , ,.+
<br /> � are not to be used to interpret or define ttte provisions hereof. ,� ' ffi
<br /> '• � 14. Natiee. Any notice to Borrower Iirovided for in tBis \]ortgage shail be gi��en by inailing auch notiee by x uh'
<br /> certified maiI nddressed to Borrower at the Property Address stated belo«• , except. tur any notice mquired under '
<br /> paragraph 1$ hereof to be given to Borroa�er in tl�e manner prescribed by xpplicable law. Any notice provided 1 ,- � � ,
<br /> "{ � for in this Jlortgage sh$II be dee�ued to hacc been given to Borro�l•er wlien gi��en in the inanner designated herein. k ` ;, ,F„
<br /> 15. Uniforaa Mortgage; Governiag Law; Severability. This form af mortgage combines uniform covenants � � '.:
<br /> for national use and non-uniform covenants �vit6 limited �•ariations by jurisdiction to constitute a uniform aecu- �� ,i �, r ts
<br /> `, # rity instrument covering real property. This \Iortgsge shall be governed by the law of the jurisdiction in which +- ,
<br /> the Property is located. In the event that any provision m� clause of this Mortgage or the Note conflicts with ;`� � a
<br /> f a licuble 7aw such conHict shall not affect other g � gi
<br /> ; � pp , nrovisions of this �fort s e or the Note which can be ven ' :.
<br /> effect withoat t6e conflicting provision, and to thir end the provisions of the �Iortgage snd the Note are declared � ' , M1" ; a
<br /> to be severable. � ' ` xr i::
<br /> 16. Bonower's Copy. Sorro�ver shall be furnished a conformed copy of this A4ortgage at the time of execu- �. ;:� 'r� `;'r
<br /> tion or after recordation hereof. z; r h�Yj
<br /> 19. Tr�sfer of the Property; Assumption. If all or any purt of the Property or an interest therein is sold ;�; ' �•� , a ��Y,
<br /> or transferred by Bonawer without Lender's prior written consent, excluding (a) the creation of a Iien or encum- ` ,;q k; , �,4;
<br /> brance subordinate to this tiIortgrsge, ( b) tl�e crention of a purchas�: money security interest for household appli- ; . E +,y����
<br /> ancea, (c) a transfer by devise, descent or by operation of la��- upon the deatii of a joint tenant or (d) the. grant of G ,M1
<br /> any leas�hold interest of three years or less not containing an optioti to purchase, Lender may, at Lender's option, '
<br /> declere ali the sums seeured by this Nlortgage to Ue iin�nediatcly due and payable. Lender shall have w�ived such � , ' `�-;�^�
<br /> option to accelerate if, prior to tl�e sRle or tiansfer, Lender and the person to whom the Pruperty is to be sold or � ` , ` '� ' 4'��'R�,;
<br /> '° transfened resel� agreement in writing tliat the credit of sucl� person is satisfactory to Lender and that the interest �. " , , .' K � •.;,T,.
<br /> payable on the sums secured by this Mortgage shall be at suct� rnte as Lender sh�tll request. If Lender has waived r � "'
<br /> the option to accelerate provided in this paragraph 17 and if Borrower's successor in interest has executed a writ- } °. 3 >s ` `
<br /> ten assumption agreement accepted in writing by Lender, Lender shall release Borrower from all obligations under � ,j�c4�
<br /> this Mortgage and the Note. ` "�+, ' � � u,
<br /> If Lender e�cercisea such option to nccelerate, Lender shall mail Borrower notice of acceleration in accardance �r '" �:
<br /> with paragraph 14 hereof. Sucli notice shall provide a period of not less than 30 days from the date the notice is „ ' ; f � r�``
<br /> msiled within �vhich Borrower may pay the sums declared due. If Borrower fails to pay such sums prior to the : { ;�
<br /> expiration of such period, Lender �nay, �vitl�out further notice or demand on Borrower, invoke any remedies per- a`'
<br /> mitted by parsgraph 18 hereof. s x.
<br /> z , ry i;
<br /> . . NON-UNIFOR�M COVENANT6. BOCTONQT c'lI1CI L071C�C1' FUl't�1CT COV@riBSlt and agree as fo]lo�vs : � , _ �.
<br /> � �:
<br /> 18. Aeealeration; Remedies. Except as provided in parngra�i6 17 hereof, upon Borrower's breach of any � ,_1
<br /> covenant or agreement of Borro«•er in tl�is �fartgage, including t6c coven�nts to ��ay �vhen due any sums secumd
<br /> by this \lortgage, Lender ��rior to accelerution shall mail notice to Borro�vcr as procidrd in paragraph 74 l�ereof
<br /> specifying: ( 1 } the breach ; ! 2j the action requimd to cmr sucir breucL ; (3 ) a datc, not less than thirty days `
<br /> from the date the notice is n�ailed to I3orro�cer, by ��-hicl� �url � breach �nust Ue ew•ed ; and (4 ) thut failure to cure
<br /> such breach on or before the date specihed in the no[ice inay result in acceleration of tlic sums secured by this
<br /> Mortgage and sale of the Property. If the breach is not cured on or beforc the dute specified in the notice, Lender
<br /> at Lender's option may declarc all oi thc swns secvred by thi. �fortgage to he iminediutely due and payable
<br /> without furtherdemand and may foreclose ti�is vlortgn�e by judicial proceeding. Lender shall be entitled to collect
<br /> in such proceeding all expenses of foreclosurc, incluQing, but not limitecl to, costs of documentary evidence, 7;�.
<br /> abstracts and title reports. ` ti.;;
<br /> 19. Boaoweis ffight to Reiastate. Notµ•ithstanding 7.ender'r, ucceleration of the sums secured by this "='
<br /> Mortgage, Borrower shsll have the right to have any proceedinga begun by i.ender to enforcc this Mortgage dis-
<br /> continued at sny time prior to entry of a judgment enfaqroing this \iortgage if : (a) Borro�cer pays Lender all
<br /> suma whieh would be. then due under this �Iortguge, thc Note nnd notes securing Future Advances, if any, had no �'�
<br /> acceleration occurred ; (b} Borrower cures al! breuchcw of anv other covenants or agmements of Borrower con-
<br /> �i� tained 'in this Mortgage ; (c) Borrower pays all reasonablc ex�ienses incurred by i.endcr in enforcing the covenants .
<br /> ,, and agreemente oi Borrower contained in thie Vlortgage and in enforcing Lender'. remedies as provided in pars-
<br /> : grsph 18' hereof, including, but not timited to, rnasonaUle attorney"s fee, ; and !d ) Bonower takes such action ss �
<br /> Lender may reaeonably require to assure that the lien ot this \lortgsge, Lender� interest in the Property and 1 �`
<br /> $Orrower's obligation to pay the sums secured by thi� \lortgage shall continue unimpaimd. Upon such payment .. , :;, }3
<br /> and cure by Borrbwer, this Mortgage and the obligstions secured liereby <hall remsin in full force and effect as if ..,,��
<br /> nv acceleration had`occurred. _ :;;,
<br /> 20 Asagamsat ol,Esats; Appoia4aeat of Reeeiver, Leader in. Posseasion. As additional security here- r , `.Yi
<br /> uader, Borrower hei�eby sesigns to Lender the 'rents of the Propert,r•. pro�•ided -that Borrower shall, prior to acceler- J : `k°,: , � �
<br /> ation undei psragraph ' 18 he;eof 'or 'absndoninerit of the Property, hovc the riglit to collect and retain auch rents �" �:�
<br /> a`s�they`beoome due and pepa7�le. , .
<br /> 1x; i, cr
<br /> ' ' Upon 'Secelemtion undei paragrapli 18' hereof- or 'abandonment of the Yroperty, Lender, in person; by agent �`F � > � >
<br /> �+ �,,
<br /> ar by �udipaliy aprpouited receiver ,ahall be enfitled io enier .upon, take possession of and ivanaRe the Property :;;;�.¢
<br /> :-
<br /> an� to collecL the rente of ti�e ProPeiGy, including those past due. 311 rcnts collected by Lender or the receiver
<br /> _ ;.�� '
<br /> ehsil<be applied firnE to payment,of the costs.of msasgement of the Property snd collection of rents, includinq, but
<br /> nbt litriited to, receiyer's :fees, premiums on receiver's UondF and reasonable attorney's fees. :ind then to the sums
<br /> � � `; aecured' &y this Mortgage: Le�der and the reeeiver sltall' be liuble to account only for those rents actually received. `
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<br /> . . . . u ::.:M s ,, ., �,. . . .... ,.. � .._.,.. . . ... .:..... . . � - . .. ,� . . �
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