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<br /> � nat' extend or Is�stpone the due date oi the �nontlily instnUmenf.s i�eferred to in parssgraphs 1 and 2 hereof or '+ r
<br /> e
<br /> � change the amount of such instaliments:
<br /> � l0. Honower Not Released. ' Extensiou af the time for pa�nuent or �nodification of amartization of the sums '
<br /> '`r , secured b this;Mort a e rnnted'b Lender to -an successor in interest of Borrower shall not o erate to release ," � � '�: � �
<br /> ' Y S B g Y Y p
<br /> - :� in any manner, 'the^ liability of the origrinal $onower isnd Borrower's successors in interest. Lender shall not be r � x � `r 4 ��,
<br /> required to commenae proceedings against sucl� successor or refuse to extend time for payment or ot6erwise modify , ;' �, � �'� ��
<br /> .� amortizstion' of the aums "secared t�y tliis \Iortgage by reaeoti of any deman�l made by the originsl Borrower and , ` ' ^+ z 4�„' , 3 ,
<br /> '' - � BOTTOWBS�B BIICGP88018 III lIItElCB�. '' ' .. • � . . - . �. . . . . . . . � . - � . . . . _.. i � '�` w c � / . � '�
<br /> �*5 11. Forbear�ce by I.ender Not a Wmver. Any forbearance by Lender in exercising sny right or remedy S �`Y ;,�-�;.� 3
<br /> hereunder or otherwise afforded b � a licable la�v sl�all not be a �vsiver of ar ' �'
<br /> a � , y pp , preclude the exereiae of any right � ; , '�
<br /> ;' � or remedy hereunder. The procurement of inaurance or the payment ot tuxes or other liens or charges by Lender `
<br /> ` � ahall not F�e a waiver of'Lender's right to accelerate the maturity oF the indebtedness secured by this MorE,gage. � ' ; ' �=z,��
<br /> c 12: Remedios Cumuiative. " All remedies provided in tliis \�Iortgage Are distinct and eumutative to any other i s ?- i L�, `, ��
<br /> a �; Q right or remedy under this �Iortgage or afTorded i�y la«• or equity, and inay be exercised concurrently, independ- , , y „,��
<br /> � ea61y or aucceasively_ � • 'y � ✓
<br /> 13: 3uccessors aad Assi �
<br /> gns Bound: Joiat �d Several Liability; Captions. 'The covenants and agreements y � j y :
<br /> r � ' �a ' t r
<br /> � herein eontained shall bind, and the rights hereunder sl�ull inure to, the respective suceessors and assigns of Lender k ` � � ��"-
<br /> pp and Borrower, aubject to the provisions ot paragrnpli l7 IZereof. All covenants and agreements of Borrower �haA t ; � ,'� '� a�.
<br /> 1� be, joint and several. The captions snd headings of tl�c paragraphs of tliis \Iartgage are for convenience only and a r x { ��
<br /> are not to be used to interpret ur define the provi»ions Lereof. �
<br /> 14. Notice. Any tiotice to $orroo�er pro�•ided for in tl�is \lortgage shall be given by mailing such notice by � �i�'s
<br /> certified mail addressed to Borrower at the Property Address stated belo�s- , except for ssny notice required under x " +�,`�w
<br /> paragraph 18 hereof to be given to Borro�rer in the munner prescribed by applicable la�+•. Any notice provided i ? s; `�"�',`�
<br /> for in this \3ortgage shall t�e dee�ned to havc been given to Borrower when given in the manner deaignated herein. ° r �,r �'�`,
<br /> 15. Uaiiorm Mortgage; Goveming Law; Severability. This form of �nortgage combines uniform covenants ; ` ' � 'Mw� e
<br /> for national use and non-uniforni covensnts witL limited variations by jurisdiction to constitute a uniform seeu- , " ':" �P *�;
<br /> l �'�y i
<br /> rity instrument covering real �>roperty. This \iortgage sh�sl! be governed by the ]aw• of the jurisdiction in which r '
<br /> the Property is located. In the event that any provisimi or clausc of this D�ortgage or the Note conflicts with � � < tY���;
<br /> applicable law, such conflict sha11 not atFect other provisions of this \Iortgsge or the Note which can be given � ,'= �4f'"'�
<br /> r. effect witfiout the conflicting provision, and to this end the 7�rovisions of the 3lortgage snd the Note are declsred � '•< ^ ' ���
<br /> to be severable. � 't- �r %�`
<br /> 16. Bonawer's Copy. Borrower Shall be furnished a conformed copy of this Vlortgage at the time of execu- ' ` ' ; �; ,
<br /> tion or after reeordation hereof. � w�`�'� �
<br /> 17. Tr�sfer o! the Pzoperty; Assumption. If ail or any part of the I'roperty or an interest therein is sold � +� .«.�'�"�
<br /> or transferred by Borrower without Lender's Prior written consent, excluding (a) the creation of a lien ar encum- �.�r � "� : x� �' '
<br /> brance subordinate to this Mortgage, (b ) the creation of a purchase money security interest for household appli- � ,"'��`�k �'
<br /> ances, (e) a transfer by devise, descent or by operution ot la��• upon the death of a joint tenant or (d) th@ grant of ` k ^n���:'
<br /> any leasehold interest of t.hree years or less not containing an option to purchase, Lender may, at I.ender's option, �,i ' : - .,; ���'
<br /> declare all the sums secured by this Mortgage to be i�nmediately due and psyuble. Lerider shall have waived such , F w � '?
<br /> option to sccelerste if, prior to tl�e sale or transfer, I.ender a�id t.he person to who�n the Property is to be sold or � '�t"�''�' '
<br /> � �" ' ' » + � � >'�i �.�'f,
<br /> transferred reach agreement in writing tl�at the credit, of sucL person is sutisfactory to Lender and that the interest Y ;���e��`
<br /> ` payable on the sums secured by this Mortgage al�all Ue at such rate as Lender shull request. If Lender has waived � � ;� ,
<br /> the option to accelerate provi3ed in this paragrapl� 17 and if Borrower's successor in interest has executed a writ- �
<br /> ten seaumption agreement sccepted in writing by Lender, Lender shall rclease Borrower from all obligations under � ' ' ' " �`'���. .
<br /> this Mortgage and the Note. � � �' ` � ' � a= ' �
<br /> If Lender exercises such option to accelerate, Lender shall mail Borrower notice of acceleration in accordsnce � � � `�`�'
<br /> �vith parsgraph 14 hereof. Sucl� notice shal! provide a period of not less than 30 days from the date the notice is ,� - �"�-��'�
<br /> mailed within which Borrower may pay ti�e sums declared due. If Borro��•er fails to pay such snms prior to the ' ` ' ,#.
<br /> expiration of suck period, Lender muy, witliout further notice or demand on B'orrower, invoke any remedies per- '^� � ��
<br /> mitted by paragraph 18 hereof. �' 'f;,
<br /> � .. , . . � � "� k
<br /> � � � � ��rON-UNIFOR�M COVENAI�T6. BOl'TOWQl' �riCI L817C�C1' tUl'tI101' COVC'ilIIT1L and agree as follo�vs : ' -'3 � � '`E
<br /> ' t r,,;.
<br /> 18. Acceleratioa; Remedies. Except us pro��ided in parngra�iL 17 l�ereof, upon Borrower's breach of any ,� �
<br /> covenant or sgreement of Borro�ver in tliis Jlortgagc, including tlic covenunts to pay n•hen dae any sums secured � =
<br /> by this :�.lortgage, Lender I�rior to acceleration shall �mtil noticc to Borro�ver as ��rovided in paragraph 14 I�ereof ; ~ '�
<br /> specifying: ( 1 ) the breacli ; (2) tlie action requireci to curc �ucl� breach ; /3 ) s datc, not ]ess than thirty days } £
<br /> from the datc the notice is mailed to 13orro���cr, b}� ��•Lich �uch i�rench must be cured ; �nd (4 ) that failurc to cure
<br /> such breach on or before tl�e date specified in the notice �nuy result in accelerntion of tLe sunis secured by this " �;
<br /> � = Mortgage and sale of the Property. If the breach is not cured on or before the date specified in tl�e notice, Lender
<br /> at Lender's option �nay declurc a❑ of the sums secured by tliis Mortgagc to he immediately due and payable
<br /> without fLrther demand and may foreclose t6is \Iortgage by judicial proceeding. Lender sltall be entitled to colIect
<br /> in such proceeding all expenses of foreclosurc, including, hut not limited to, costs of documentary evidence, � ;-,:,
<br /> abstracts and title reports.
<br /> " 19. Soaowor s Right to Reinalate. Nota�ithstanding Lender's ucccleration of the sums secured by this ' �
<br /> +� , Mortgage, Borrower shall have the right to ha��e uny proceedings hegun by 7,ender to enforce this Mortgage dis- !
<br /> .. continued at any time prior tia entry of a judguient enforcing this �Lortguge if : (a ) Borrower pays Lender all 3 '
<br /> '{' sums which would be then due under this JIortgagc, the Note nnd notes securing Future Advances, if sny, had no ;9.
<br /> ;; , acceleration occurred ; (b) Borrower cures all breachea of anp other co�•enants or agreements of Borrower con- , � +�.
<br /> ,� tained in this Mortgage; (c) Borrower pays ull reasonable e�penses incurred by Lender in enforcing the covenanta
<br /> ;1 and agreements' of Borrower contained in this Vlortgage and in enforcing i.ender's remedies as provided in para- a"�'��:
<br /> �'^ grapb lS hereof, including; but not limited to, reuconablc nttornec'� fec= : and fd ) Borro«•cr takes sucl� sction as
<br /> ��; Lender: may reaeonably reyuire to assure ihat the lien of thic \iortgage, Lender's interest in the Property and `
<br /> � Borrower's obli ation to a the sums aecurecl b this 1�Iort a e shnll continuc unim aired. U on such r "�
<br /> ,� . 8 P Y Y g B p P payment , ,� <
<br /> '�E� and cure by Boirower, this Mortgage and the obligationa secured l�ereby shall remnin in full force and effect as if ' ` `='
<br /> .,��..4.,, vx..;;
<br /> . no acceleration had occurred. , . , ,:,;;
<br /> Z0. lSsdgamoat oi Roats; 'Appoiatment of Receiver; Leader in Posseasioa. As additionaC security here- '
<br /> `' uader, Boirowei Hereby assigns to Leader the 'rents of the Propert.y, provideii thnt Borrower shall; prior to acceler- 1 ` .r��'
<br /> ' ataoa under parsgraph 18 hereof or atiandonment .of 'the Property, hnve the right to collect and retain such rents 1 ,,y,,�
<br /> es theq 6eoame due: and'paysble. ., � : . :: �;. �
<br /> � '; Upori aoceleration uader paragrapH ISshernof or:;ahandonment .of the Yroperty. Lender, in person, by agent �'� '�� x
<br /> or, by jpd"iCialiy appointed receivershali be .entitled to, enter upon, take possession of and insnage the Property ^"�'�'>` ' ' `, "'
<br /> ' . snd� toicalleotthe 'rentsof..the PaoperGy; .including -those past< due. All rents collected by Lender or the receiver '�'c'��" ' � "'�`
<br /> :� s6sll 6e sppliet! firat to payment of' the costa;of;�nanagement of the Property and collection of rents, includinQ, but -
<br /> :� not limited to, iecei�er's fees, premiums on mceiver's boncls snd reasonable ssttorney's fee=, and then to the sums
<br /> �i� secured by thie Mortgage. Lender and the receiver alisll bc liuble to account onlv for those rents actunlly received.
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