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4" ' .. .. . . . . . .
<br /> . . . . � rir�r �, �
<br /> ���.�.
<br /> noG extend or ��ust�one the cl.ue d:�te oi che m�nalil�• inst.;ill�u�>iits reierre�l to in ��aragr:���h= i ;�iid •l hereof or
<br /> eLnnge t1�e amount oi siiali i:nstgl7ments.
<br /> ' 10: Bb=rowez No.t Releasad. �'ztenssdn of th¢ tin7e f�ar {�ap�uent �r rstio�lificat'tim of :tmortizat3on oY Lhe ;i�ms
<br /> secured by this Mortg�ge gra.nbed Ly Lender tio 3ny suec�;�5or i�� interest uf Borro�vec sha11 n�t .ofyerate to re:lease,
<br /> in aqy msnuer, the liYtbiliL,y� of tT�e ot�ginal Bortnaver amci 13orro«•er's Su+sc.easors in intier�st. I.ec�der shall mat be
<br /> � required to commence proceedings ngsinst sucli sucaessar .ar refuse t� cxteiid t,imc iur payn�ent or athemise modify
<br /> � amortization of the sums secured bv tiiis 1fi�rtga�c d��• rPasm� nf any dentacid rnadc �y the original Bornower and
<br /> O Borrower's auocessors in intereat.
<br /> ' � 11. Forbaazqcaee bY iana�z Not c W. aiver, :Ax,u forbearRnce hv Lender in exereising any right or remedy
<br /> � hereunder, or otherwise aHorder3 by a�pliaalrle lu�v, shnll zaof, be n a•ai:�er af or preclude the exer�;ise of any righb
<br /> � or reme�fy hereunder. The procul•etnent of insuran�e or the ��ayineut of Laxes or other liens or c'harges hy Lender
<br /> � ahail nqt be a w�.iver of Lender's right to ,accelerutc tLe initturity of the indebkedness secured by this MorC�;uge_
<br /> � 12. Remedies Cumulkxtive. A!1 remedies provicied in tlu� � lortgage are diatinet, and cumulative to any okher
<br /> pp right ot• remeJyr under this �Iortsage or :�ffprdc•r4 J�y lan• oc cryuicy, and maiy I�e ��xercised coneiirrentJy, �ndepr.nd-
<br /> !, � ently or successively,
<br /> 13. Suceessors cad Aasigns Baund; Jninc �d, Several I.iability: Ctiptions. Ti�c rat•r.nants and aqreements
<br /> { herein eontained shall bind, itnd the rigfits l�ereu��cier �hall ioiire to, t.)ic rest�ective sucressors :ind asaigna nf Lender
<br /> ' ; und I3orrower, subject to chc ��rovisiona crt purn�;cerpl� l i l�crcot . :\ II ci'xvcrnant; aRad ;�grecnacnts ��f Borcower sha31
<br /> be jointand sevecal. The cn�t,i�n� snd Il�:sdings cif tlrc ��aragrapti• aC t1�i� 1 [ort�aRe arc for conc�enience orily snd
<br /> 8ne not to f�e used #u interpreG or define ttie ��rowisio�is I��re�f.
<br /> 14. Notice. Any notic� ta B��rcusw•er �?roc•ide�i for i�i tl�i.� �tortgagc .iitilt br �;i ��en ! �y ni�iling sweh nritiee by
<br /> ' `, eertified mail addresseci to Bcarr�vver e�c tiie Yro��ertc• .lcidre:� �tuteui Ixete��s� , exee��t Cm• :� n�� noiicx. required unde:• ,
<br /> paragcAph 18 hereaf t� I,e gi��en ta riorrc�-�rer iia tl�c �nu�uaer �ir•c:crii�ed hy e����ilicnirlc lu�� . An�• itutice F�rovidezi
<br /> for in thi� Vlortguge �Itall I�e decuied to lixvc been {;i4•ern to Aon•u�e�er ti��hen E;iven in rlrc ananner wteeiFnated herein. '
<br /> 15. Uniform Mor4qage: Gov�miag Law: Severability. Tl� i� foru� ot mort�,:ige cornbin¢n »,r�ifortn covenanhs
<br /> for national use und nom-uniforni cowenants �v1tli linaiteci vnriaLions by jiirisdictioai tu c�nstituEe n unif�rm seau-
<br /> riGy insttuinent covering real ��ra�ert}•. I'fai� \(�TCguge shall 4;c gaverneed by the la«� ��t thc jurisdiction in whicY�
<br /> the Property is located. 3n ihe event that any �>rnvisiori or cluuse �t this \TorCgag.e or tlie �lot� conftictg witH
<br /> upplicable law, such cutifliot shu}1 ,not �tfeet otLer �rro��is:i�ns ot" ilii. \IorC�a�e or tlie A` otc whicli can be �iven
<br /> effect withou4 the aonflicting rrovision , sn3 ta tlii� end the pn �visions ot thc �lort�s�ge and th¢ Notz sre deciared
<br /> to be severable.
<br /> 16. $ozrower's Copy. 13prro�cr.r sfiatl Irc furrii;cloecl a c�nfhi�rned r,op,v cif this \fortgage at the time oE execu-
<br /> tion or siter recordation Fiereof.
<br /> 1T. Tzaasfer Qf the Property; Assumptioa. If ali or uny- part of the Propertp ar ,nn interest there%n is sold
<br /> ar trapsferred by BorraweF �vitihaut Lender's I�rinr wnt�en r.�nsen2 . excludicig (a) t.he creation af s lien ur encum-
<br /> branae subardinat,c to tliis \lortguge, t � 1 Cl�c creation of u �,rurcha,c ir}orre�• security interest tor l�ousehold appli-
<br /> anaes, (c} a Grea_fer by �evise, �fescent or• by opera,tio.n oE la�e uron thh death of ss jaint tenatrt or (dl the grant of
<br /> any leasehold intierest of three yeats ar IesF not cantaiuinE; ain nj�iiorti to t�iirchase, L¢nder rna}•, ut Lender's optiun, I
<br /> declare al.l the suins secured bq this 17ortgsge to I.�e iitinaed'iately �iur cind p,s,vabbe_ L�nder shall have waivect such `
<br /> opLion Lo accelerat.e if, prior ba tl�e sa-1r oc lranafer, Lencler mi�l tlie j�c=i:son to cvliom tlie Pro�erty- is tr� t�e sold or
<br /> , j tranpYerred reach agceement in writ-ing tl�nt tf�e cred'rt of �urli persan is satisfactary to Lend,er and tl�at, the interest �
<br /> s payshle on the surns secured bv thas vIortigsge sl�all �e at �uch rate ns Lender shall rec�aest, If Lender hafc waived
<br /> ,� the option to accelerate provi3ed in this parxgraph 17 and if Borroa•er'� successor in interest has executed a writ-
<br /> r ten assumption agreement accepted in writing by Lender, Lender shall release Borrower from all obligations under '
<br /> t Lhis Mortgage and the Note.
<br /> ' ; If Lender exercises such option to accelerate, Eender shall �nail Borrower notice of acceleration in accordance
<br /> ': 3 �vith paragraph 14 hereof. Such notice shalY pro�•ide u period of not less tlian 30 duys from the date the notice is �
<br /> qmailed within which Borrower may pay the sum. declared due. If Borro�a•er fails to pay such sums prior to the r
<br /> ; expiration of such period, Lender may, �vithout further notice or demand on Borrower, invoke any remedies per-
<br /> ; mitted by parsgraph 18 hereof.
<br /> a
<br /> ( \'ON-LJZJTFORM COVENA\TS. BOl1'O�CCI' t1I1(� LCRdCI' L�Ul't�1C1' CO�'CtlIIllt and anree ns follows :
<br /> ' ; 18. Accele:ation; Rernedies. F.xcept as pro�•irled in pnrngra��L 17 hereof, u�ion Borrower's breach of any
<br /> scovenanGor agreement of Borro«•er in this Jiort �ngc, inch�ding tlic covensnts to puy �chen duc any sunu secured
<br /> � by this Dlortgage, Lender ��rior to acccicration shall mail nuticc to Borro«•er u� ��ro��icled in pnragrnph 14 hereof
<br /> specifyingc ( 1 ) fhe breach ; (2) the nMion rcquired to cw•c ,uch breucl� ; � 3 } a datc, not less tl�an thirty days
<br /> ; � from the date the noticc is mniled to Borro�vcr, b�• �cliich auch hrencli uiust be cured ; and 14 ) that failurc to cure
<br /> ", such breach on or before the date specified in the noticc nusy resuit in ucceferntion of the sums secured by this
<br /> j :�3ortgage and sale of the Property. If the breach is not cured on or before tlie date specified in the notice, Lender
<br /> : �' at Lender's option may declare all of the sw��s secured by tliis \-Iortgage to be immediately due nnd payable
<br /> % without further demand and may foreclose this �{ortgnge by judicial proceeding. I.ender shsll be entitled to collect
<br /> '4 in such proceeding all expenses of foreclosurc, inclu�ling, but not limited to, cos[s of documentary evidence,
<br /> , 1 sUstracts and title reports.
<br /> " ; 19. Boaowu'a Right to Reinstate. Not�cithstunding Lender's acceleration of the sums secured by this .
<br /> ! Mortgage, Borrower ahall have the right to ha�•e any proceedings begun by Lendcr to enforcc this Viortgage dis-
<br /> � , � continued at any time prior to entry of a judgment enfo7-cin�; this \Iortgage if : � u ) Borrower pays I.ender all
<br /> - j suma which would be then due under this �Iortguge, the Note nnd notes securing Futurc Advunces, if any, had no
<br /> ! acceleration occurred ; (b) Borrower cures all breuehes of am• other cocenants or agrcements of Borrower con- '
<br /> '+ tained in this Mortgage ; (c ) Borrower pays all reasonable c:�pences incurred by Lender in ��nforcing the covenants
<br /> � and agreements of Borrower contained in this �lortgu�;e and in eniorcing I.endcr:ti remedies as provided in para-
<br /> graph 18 hereof, including, but not limited to, reasonuble attorney '� fees : and � d i 13orrower taikes such action as
<br /> tLender may reaeonably require to assure that the lien of this \Iortgage. I.ender's interest in the Property and �
<br /> ,,}.. Bortower's obligation to psy the sums secured by thi� \Iorttiage shull continuc uniiupaired. Upon r�uch payment
<br /> � and cure by Borrower, this Mortgage and the obligations secured herebp shall remsin in full force snd effect as if „_ .,�...- " '�
<br /> no acoeleration had occurred.
<br /> 20. Assigam�nt of R�nts: Appoiatmaat of Rsceiver, Lendar in Posseesion. As additional security here- � •.
<br /> �� under, Borrower.hereby aes�gne to Z.ender the rents of the Propert.y: provided that Borrower shall , prior to scceler- ; � _
<br /> � stion under paragraph 18 fiereof or abanc�pnment of the Property, have the right to collect and retain euch rents �
<br /> � ae they become due and papable. �'
<br /> ` ;� IIpon -aeceleration under paragraph 18, hereof or ahanclonment of the Yroperty, Lender, in nerson, by agent ;E ,x�, s
<br /> ,.F, or by jndicially appointed receiver shsll be. entitlgd to enter upon , tuke posses�ion of und manage the Property ,,.x , „ :,,, �
<br /> ,`� and t0 collect the rents of ;the Property, including those Fmst duc. :11! rcnts collectcd by Lendcr or thc reccivcr "
<br /> , � shall be'spplied first to payment of the coats of man"sgeinent of the Property and collection of rents , including, but
<br /> ; -� notlimited to; receiver's fees, premiums on rcceiver's boncL� and mssonuble attorney's fees_ nnd then to the sums
<br /> ; securec� by thie Mortgage. Lender and the receiver shsll he liable to account onlv for those rents actunlly receiced_
<br /> < ' I �
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