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<br /> .�.r,. .. . . . . . . . . . .. , . . . .. .... .. . .., ., . .,... . . . . . . .. . .. , . � . . . . . . . . . . . � . � . ' ;
<br /> ���p1 � .
<br /> j not extend or poatpone the due date of thc mont[�ly installments referred to in paragraphs 1 and 2 hereof or r'.
<br /> � chtinge the smount of �uch installments: G ':'
<br /> � l0: Hotscwer PTot Released. ' Extension of the t.ime for pnyment or madification of amortization of the eums � '"
<br /> i secured b this 13ort a e anted'bv Lender to an successor in interest of Borrower shall not .o erate to release '
<br /> y s s sr r n , , , 5 , ,
<br /> in uny innnner,:the liabitity of the original Borro�ver und Borrower'» svccessors in interest. Lender shall not be J' .r ` ° aa„Mr#�,
<br /> required to commence proceedings against such suacessor or refnse to extend time ior payrnent or otherwiae modify � 7 ; H i , 5y
<br /> amortization of'the sum§ secured by this' \iortgage by reason of any demand macte by the original $orrower snd ,• �' �;�
<br /> Sorrower'ssnccessors ia interest. , r � ' a,� ,�
<br /> ' ' 11. Forbe��ce by Leader Not a Waivar. Any forbearance by Lender in exercising any right or remedy � ' �
<br /> hereunder, or'otherwise afforded by appiicable IAtiY� SIl&II 710E L)C 8 �VAIVCP OC or preclude the exere'rse of any right K '�
<br /> LrJ orremedy hereunder. The procurement of inaurance or the payme.nt of taxes or other, liens or ch�rges by Lender r a�
<br /> 'C� shall not Be a waiver of Lender's right to accelerate the maturity of the indebtedness ,seeured by this Mortgage. ``�.
<br /> Cfl ' 12: Ramedies'Cumulative. All remedies provi�3ed in tBis VIortgage are elistinct and r.umulative to any ot6er
<br /> r1 right'or remedy under this J3ortgage or afforded by lA��� or eqaity, snd may Ue exercised concurrently, independ- ,', i<,
<br /> Q ently or successively. +
<br /> d 13: Sueeeseors aad Xssigas Bound; Joiat �usd Several Liability; Captioas. Tlie covennnts and agreements t�.
<br /> herein contained shall bind; and ttie rights hereunder sl�all inure to, thc x•espective successors and assigns of Lender �;`;'
<br /> r and Borro�ver, subject to the provisions of' paragrnpli 17 hereof. :111 covenants and ugreements of Borrower ahall '`
<br /> � be joint and seceral. The captions and hcadings of the paragrn�ihs of tl�is \ Iortgage are for convenienoe only and `•;`
<br /> sre not to be used to interpret or define the provisions hereof. ' ' '�i
<br /> 14. Notice. Any notice to Aorzower provided for in tl�is JIorlgage shali bc gieen by mailin� such notice by r '" "^
<br /> certiRed inaiI uddressed to Borrower ut [lfe Property address stnted belo«� , except for uny notice required under ; s �"�,
<br /> psragraph- 18 hereof to be given to Borra«•er in the inanner prescri�ed by applicaUle la�v. Any notice provided �' , ° '>:
<br /> for in this �Iortgage shall be deemed to havc been �iven to Borrower ���hen given in the manner designated herein_ ; - * �'ti
<br /> ^ I5. Uniform Mortgaqe; Governing Law; Seve:abifity. 'I'i�is form of mortgage combines uniforcn covenants s � ' =Z:-
<br /> fornational use and non-uniform covenants witli limitecl variations by jurisdiction to constitute a uniform secu- 4 , � � r;,�;
<br /> � rity instrument covering real property. This �Iortgage shall bc governed by the law of the jurisdiction in which ; < �z
<br /> the Property is located. In the event that any provision or clause of this Mortgage or the Note conflicts with �, _ ' a ` ���
<br /> spplicable Iaw, such conflict shall not affect other provisions of thSs \Iortgsge or Lhe Note whicl� can be given "A;;`,'
<br /> effect without the conflicting provision, and to this end the provisions of the 3lortgage and the Note are declarec� � s� � a�fr
<br /> to be severable. r,:
<br /> 16. Borrower's Copy. Borrower shull be furnished a conformed copy of this A�fortgage at the time of execu- �` ' ' ��2,;.
<br /> tion or after recordation l�ereof_ %; ` ' ' `'
<br /> c�
<br /> 17. Traasier of the Propezty; Aasumptiom If all or any part of the Property or an interest therein is sold �' ` r � 4 F=�'
<br /> or transferred b Borrower withou 't 7.ender's rior written consent, excludin ' ° '`°
<br /> y p g (a) the creation of a lien or encum- �• ; , �7 t
<br /> brsnce snbordinate to this vlortgage, (b ) thc creation of a purchasce cnoney security interest for household appli- � ' ` ` i, ,� +x<. .
<br /> ancea, (c) a tr�nsfer by devise, deseent or by aperntion of la�e upon the death of a joint tenant or (d) the. grant of #', ��; i s rF�,;y,
<br /> sny leasehold interest of three years ar less not containing an option to purchase, Lender msy, at Lender's option, h ' a`. ",
<br /> deelare all the �ums secured by this viortgage to be immediately due and payable. Lender shatl have vcaived auch �' - `r � r ,��
<br /> optiom to accelerate if, prior to t4e sale or transfer, Lender aud tlie person to �vhom the Property is to be sold or r Y ''� �;
<br /> � tranaferred reach agreeinent in writing that the credit of such person is satisfactory to Lender and thst the inter�st �� x ���F'
<br /> payable on the sums secured by this viortgage shall be at such rate as Lender sY�all request_ If Lender has waived � �}t
<br /> the option to secelerate provided in this paragrsph 17 and iE Borrower's successor in interest has executed a writ- r� "' � 7J'<-�`�:
<br /> ten aesumption agreement accepted in �vriting by I.ender, Lender shall release Borrower from a11 obligations under y � '' '
<br /> this Mortgage and the Note. � � ` '� ��` �"'
<br /> �
<br /> . �+ ,
<br /> If Lender exercises sucl� option to uccelerate, Lender shnil moil Borrower notice of acceleration in accordance F ' � a.
<br /> �vith paragraph 14 hereof. Sucli notice shall provide a period of not less than 30 dnys from the dste the notice is �� ' , �
<br /> mailed within which Borrower may pay the sums declared due. If Borrower fails to pay such sums prior to the � � ;�
<br /> : , t . eicpiration of suehperiod, Lender may, without furtl�er notice m• demand on Borrower, in�roke any remedies per- ;{ " ,� e
<br /> ,.;,� mitted by paragraph 18 hereof. �
<br /> 4+ Y +
<br /> jan,
<br /> ,� Nox-Ux�oxM CovExwxTs. Borrower and Lender furtl�er covenant and agree as follows : 8 , '
<br /> � 18. Aceeleration; Re=nedies. Except as provi<led in ��RIA�,[:L��II 17 hereoi, upon Borrower's breach of any � ` ' ;
<br /> ' ;� covenant or agreement of Borrowcr in this �iortgnge, including thc covenants to pay «•hen duc any sums secured .
<br /> bythis :�lortgage, Lender prior to acceleration sl�ull mail notice to Borro��•cr a� pro��ided in paragrapli 14 l�ereof
<br /> � specifying: (1 ) tl�e breach ; (2 ) the netion required to cure sucl� brcach ; ( 3 ) n date, not less than thirty days z ,
<br /> from the date thc noticc is mailed to Borro��-cr. by ���liicli �ucli breach iuust bc ciired ; and ( 4 ) that failurc to cure
<br /> , such breach on or before tlie dste specified in U�e noticc muy result in acceleration ot thc sums secured by this
<br /> �Iortga�e and sale of the Property. If the breach is not cured on or befm•c the date specified in the notice, Lender
<br /> at Lender's option may declare nll of the sums secured by this �Iortgagc to be immediately due and payable
<br /> � without further demand snd may foreclose tliis �7ortgage by judiciul proceeding. Lender shall bc entitleci to collect
<br /> f in such proeeeding all expenses of foreclosurc, incluiling, but not liinited to, costs of documentary evidence,
<br /> abstracts and title reports.
<br /> 7 �� 19. Borrowsis Rigl�t to Reiastate. Not��ithstanding Lender's• acceleration of the sums secured by this {
<br /> '�' � Mortgage, Borrower shall have the right to have any proceedings hegun by Lendcr to enforcc this ;b1ort�age dis- � -
<br /> ' :� continued at sny time prior to entry of a judgment enfoTcing this \tortgage if : ( al Borroµer pays Lender all
<br /> �'� aume which would be then due under this �iortgagc, thc Note and notes securing Future Adti•ances, if any, had no ,�;y
<br /> ;�.� � accelerstion occurred ; (b) Borrower cures all brenches of an�• other covennnts or agrcements of Borrower con- z`�"
<br /> l `F tained in this Mortgage ; (c) Borrower pays all reasonnble expenses incurred b�• I.ender in enforcing the covenants "`
<br /> "; =� and agreeme�ta of Borrower contained in this vlortgn�e and in enforcin� I.endcr'a remedies as provided in parn- Y`
<br /> �;,;� graph 18 hereof,.incivding, but not limited to, masonable attorne}•'� iees ; and Id } Borrower tnkes such action as ,,:
<br /> r� ,� : Lender may reasonably require to assure that the lien of this \Iortgage, Lender's interest in the Property rsnd ;
<br /> „,;" , Borrower's obligation to pay the sums secured by thi= \Zortgage shail continue unimpaired . Upon such payment ' •�'v s , ,;`,
<br /> �x;� -andcure„by Borrower, this Mortgage. and the obligatious secured l�ereby shall re�nain in full force and effect as if -� �"
<br /> ., �
<br /> -'� no acoeleration had occucsed. '
<br /> 20: Asaignm�nY oE Ra�s: A ` ' ,{
<br /> ,�� ppoiatrneat of Receiver: Leader ia Possesaioa. As additional security here- ;` "
<br /> undei, Boirower hereby' sseigns to'I:ender' the renta of the Property . pro��ided that Borrower ahall; prior to acceler- � "r
<br /> a�- tion under ra h 18 hereof or sbandonment of the Pzo ert havc thc n ht to collect and retain auch rents �" " '
<br /> . 6� . „ . . Pa . St'8P P Y, �S
<br /> � ss they:become 3ue and payable. � w « 7�
<br /> ,, Tlpoa aixeleratioa .under �aragraph IS! hereot or abandonment- of the Yroperty, Lender, in person, bv agent * �, ' `
<br /> f�� or by ^judicially sppointed' receiver<shall be. entitled to enter upon , takc posaession of and �nanaRe the Property �,,,_ - _,'`
<br /> tif , : _;
<br /> . and to,. co2lect..the rente of. the �Property,,including -those past due. All rents collected by Lender or the receiver
<br /> ' � ahall bespplied first to :paqmetrt,:of the eosts_of management of tlie Property and collection of renls, iucluding, buL
<br /> � g� � . _ ,
<br /> �T.Y not limited to, receiver's-fees, premiums on receiver's bonda and reasonable attorney's feee, und then to the sums
<br /> �'r segared by this Mortgsge. I:ender' and the receiver shall be linh(e to account only for thaQe rents actunlly rceeived . "
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