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<br /> � . . . .. . . . . , . . . . . . . . „ . . . _... . . .�:. , . . . . .. . . . . . . . . . . . . . . . . . - . . . � ,
<br /> t�'�� �
<br /> �) � _
<br /> noCextend or p�stpone the due dnte of thc monthly ivatnliments referred to in paragraph§ i anc} 2 hereof or
<br /> ; change the amount of such inatsllments.
<br /> � 10rBonower Not Released. ��ctenaion of the time for payment or modificotion of amortization of the aums
<br /> ' ;; secured by t1�ia Mortgage granted Uy Lender to any snecessor in interest of Borrower shall no0 operate to release, "x
<br /> in hny rnanner, the ]ia6ility of the original Borrower and Borro�rer's successors in interest. Lender shall not be , , , r;
<br /> .r i required to commence. proceedings age.insE such succe=eor or refuse to eact.end time for puyment or otherwiae modify , . ' ;� ' > d� �si
<br /> amortization af`the aums secured b Y,his llort a e ' G reason of an demand made b the ori tnalBonower and ` ' - x� ,r � � '�
<br /> < � � Y � B � Y Y Y � �� �
<br /> � � . BOi2'OW0l�86llCCC8SOTBIA lili'.CI08t. : � . .� :� �. . , . : . � � � . �. . � . . � �. .� � . • ' � : . mv� � r`;�'a �K".
<br /> lI: 'Porbaaranee by Lender Not a Waivea Any forbearance by Lender in exercising any right or remedp Ci r' °�+
<br /> _,, , - hereunder, or`othercMise afforded by applicable la�v, shall not be n waiver of or preclude the exercise of any right ; . - � �r��
<br /> '`' � or remedy hereunder. The procuren�ent of insursnce or thc payme�t of taaes or other liens or chargea by Lender '
<br /> w� shall not be a waiver of Lender's right tio accelernte the maturity of the indebtedness secured by this Mortgage. � ` � y
<br /> � !2. Remedies'Cuaxulative: All remeciies provided in this \�ortgage ure distinct and cumulative Co any other
<br /> � right`or remedy underfihis ��Iortgage or ufforded hy la�� or equity, and may bc exercised concurrently, independ- t� '
<br /> � ently'orsuccea�ively. �` ' ,
<br /> - { � 13. Sueeesaors �d Assigas Bouad; Joiat �d Several Liability; Captions. TLe coven�nts and agreements �� � '
<br /> herein contained shall bind , and tlie rights i�ereunder shatl inure to, tl�e respectivc successors and aesigns of Lender �
<br /> ' and Borrower,: subject to the provisions of paragraph 17 hereo[. �11 covenants and agreements of Aorrower shall '
<br /> � be joint and severaL The captions and headings of tlie paragra�ihs of this \iortgage are for convenienr,e only and '
<br /> � are not to be used to interpret or define the provisions I�ereof. � r` :
<br /> �i 14. Notice. Any noticc tu Borrower provided for in thic �lu�tgage shall he given by inailing such notice by ' '
<br /> "� certified maiY addressed to Borrower at tlie Property dddress stated belo�c , except for uny notice required under
<br /> paragraph 1$ hereof to bc given to Borrow•er in the manner prescribed by xp��licable law. Any notice provided � � �' +
<br /> ; forin this \-Iortgage shall be deemed to ]�ace bcen given to Borro�rer when given ixi the manner designated herein. �+ � ` -
<br /> , 1S. Uniform Mortgage; Governitig I.aw; Sevarability. 'Phis form of mortgage comnic�es unifortn covenants ; ' , � ' `'.
<br /> �, for national use and non-uniform covenants �vitli limited vuriations by jurisdiction to constitute a uniform secu- ' � �'
<br /> F rity instrument covering real property. This \Iortgage shall be governed by the law of the jurisdiction in which ° ` �
<br /> i the Property is located. In the event that nny provision or clause of this Mortgsge ar the Note conflicts with � � ` "
<br /> � applicable law, such conflict shall not affect other provisions of this JSortgage or the Note which can be given f„„�'�
<br /> � effect without the conHicting provision, and to this end the provisions o[ tl�e Jlortgage und the Note are declared , , ;;;
<br /> 7 to be severabTe. < r y��
<br /> 16. Boaawer's Copy. Borro�ver shall be furnished a conformed copy of this hiortgage at the time of execu- `��
<br /> �' tion or after recordstion hereof. , � < ;;
<br /> � 17. T:aussier of the Property; Aasumption. If all or any p:irt of the Property or an interest therein ia eald nf
<br /> �. or tranaferred by Bonower �vithout Lender's prior written consent, excludin� (a ) the creaticm of a lien or encum- : ' :' ,�x �w�'
<br /> brance subordinate to this \Zortgage, ( b) the creation of a F�urchnse money security interest for household appli- "'%'�" � �� ��
<br /> ances, (c) a tranrfer by devise, descent or by operation of la�c upon the death of a joint tenant or (d) the. grsnt of ' " ? �'�
<br /> any lessehold interest of three years or less not contsining an option to purchase, Lender may, at Lender's option, ' `�; Y�� �'
<br /> declare all the rums secured by this blortgage to be. immediately due and payable. Lender shal! have waiE�ed snch ' "' , �.;
<br /> � - '' option to accelerate ii, prior to tlie sale or transfer, Letider siid the person to w hom the Propsrty ia to Ue sold or : ` �� � ��'
<br /> transferxed reseh agreement in writin� that the cred 'at of sucl� person is satisfuctory to Lender and that the interest k. �� #y
<br /> payable on the sums �ecured by this VIortgage shalI be at such ratc as Lender shall request. If Lender has waive�l , ' 4r ` s� � �
<br /> the option to accelerate provided in this paragrapli 17 and if Borrower's successor in interest has executed a writ- �'`�, ' , ;. ��t;�x;;.
<br /> � ten assumption agreement accepted in �vriting by Lender, Lender shall release Borrower from all obligations under ,, „4 :
<br /> i thia Mortgage und the Note. u ��^ •
<br /> � If I.ender exercises such option to accelerute, Lender shall enoil Borrower notice of neceleration in accordaace � . "��:.
<br /> with parsgraph 14 hereof. Such notice shAll provide a period of not less than 30 days trom the date the notice is ' ` � �'`' ,
<br /> inailed within which Borrower inay pay the sutns declared due. If Borro�ver fails to pay such sums prior to tha �+
<br /> °� ' � ,�
<br /> ; i; • expiration of such period, Lender may, without further notice or demand on Bbrrower, invoke any remedies per- `� "`�'
<br /> •' mitted by parsgraph 18 hereof. �i ' ` �
<br /> �; � � js
<br /> � .�; � ; �y ,
<br /> i �NON-UNIFORM COVENANTS. BOCI'O\V@1' TRCl L@ll(�Cl' PU1't�1C1' COVCi1flIIt and agree as follows : � ; .
<br /> � t 18. Acceleratioa: Remedies. Except as pro�•icled in pamgra��h 17 hereof, upon Borrower's breach of any �,';
<br /> 9 covenanti or agreement of Borro«•er in this �fortgngc, including thc covenants to pay wlien duc any cums secured � ;
<br /> ' . �, by this \lortgage, Lender ��rior to acceteration shall mail notice to Borro��•cr as provided in �arsgrupl� 14 hereof ,,f
<br /> , i'; specifying: ( 1 ) the bieach ; (2 ) the action required to curc �ucli breach ; ( 3 ) a datc, not less than thirty days
<br /> � from the date thc noticc is mailed to I3orro�vcr, I��� �rliicl� sucl� bre.�ch uiust bc ctu•ed ; and ( 41 that failure to cure t ;'
<br /> ! : such breach on or before the date speciSed in tlie notice may result in accelerstion of tlic 9U11]a secured by this *;�:
<br /> � Mortgage and sale af the Property. If the breach is not cared on or before tlie date specified in the notice, Lender
<br /> at Lender's option may declare all ot the sums secured by this �tortgagc to be iminediately due and payable
<br /> �� without further demand snd may foreclose this ��Iortgage bp judicinl proceeding. Lender shxll be entitlecl to collect
<br /> `�� . in such proceeding all expenses of foreclosurc, including, but not li�nited to, costs of docutnentary evidence,
<br /> i` abstracts and title rnports. ' .'
<br /> `s 19. Boaower a Aight to Reiastata. Notwithstanding I.ender'� acceleration of the sumc secured by this �
<br /> �' Mortgage, Borrower shail have tl�e right to have any proceedings begun by Lendcr to enforce this Mortgage dis-
<br /> '' continued at any time prior to entry of a judgment enfoFcing this \fortgage if : ( a ) Borrower pays Lender all �
<br /> _ �' sums which would be then due under this \Iortguge. thc lvote and notea securing FutUre Ad�•ances, if any, hsd no
<br /> seceleration occurred ; ( b) Borrower cures nll breaches of nny otlier covenants or agreements of Borrower con- �
<br /> � tained in this Mortgage; (c) Bonower pays ull reasonaUlc erpensec incurred M� Lender in enforcing the covenants r$
<br /> , ]: , and agreemeats of Borrower contained in this \tortga�e and in entorcing Lender'. remedies as provided in para- _
<br /> a grapN 18 hereof, including, but not limited to, reavronable attorne�'� ;ee� : Znd Idl Borrower takes =uch action as
<br /> Lender may reasonably require to assure that the tien ot this �tortgage, Lender'c interest in the Pmperty and
<br /> �.�� Borrower's obligation to pay the sums. secured by thiF VIortgage =hai1 continuc unimpaired. Upon such payment �
<br /> ,,�< srid cure'by Borrower, this Mortgage and the obligations secured Uereby shall remain in full force snd effect ns if "' "
<br /> � "
<br /> � no acceleration had occurred. -- _ ,. ' fi �
<br /> � � 2Q. Asaigamont of Re�s: Appoiatment of Reeeiver; Leader in Possesaion. As additional security here- " F '
<br /> -�; i under, 8orrowei fiereby aseigns to Lender tke rents of tfie Propem•: ��rocided that Borroe•er shall, prior to acceler- ti
<br /> atioa under paragrsph 18 hereof or: sbandonment of the Property, havc thc right to collect and retain auch rents 'fi -
<br /> ; $athey,become due and payable_ �'# �:
<br /> }" IIpon accclerstion under paragrnph . l8` hereof or, shandonment of the Yroperty; Lender, in person, by agent � j ; �n
<br /> or by��j,udicially appointed receiver ahall be entiCled to enter upon, take poasession of und manage thc Property �"` < " '
<br /> ��} . . snd to;colleat -the,_rents of;.the_Property, ..including those,past : due. All rents coilected hy Lender or the receiver ��'� ��'� , *
<br /> �.. shnU be spplied�firstto paymenUof the coste of management of the Property and coltection of rents, includin�, but
<br /> � -�; noti lunited to� receiver's fees, premiums on receiver's bonds nnd reasonable attorney's fees, nnd then to the sums
<br /> �'� " secured by thie Mortgage_ Lender and the receiver sltall be liable to account only for those rents actually received .
<br /> ` £a._ .... .,. ...., . .. � . ,_ . . . <.. „, .. �. . . .��.,, ... ._„M, ,... �,w. � �
<br /> . ... . ....... .. . . . . . , `_ .
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