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<br /> oot aR+end +r �wrtpane tHe dnc dst,c af ti�c tnas+thJy in.taliraimt► rrirrrr.i tU in {y►rugrapi;. 1 aa� 7 lxeeo( or
<br /> eLays tFr ssoune ot ruch iartsltmr`ts.
<br /> !�- 1ww�� M�t i�l�a�,. FaR+ea�ion of tA�e tin�e for ��ayeue�t or nwclificatiun �f umurtiration ot th� �ms
<br /> w�uld Ih' t�s �loetpte �na�l bv I.essder to s�y «u�eearo� in iaterext of Borrorer stwll naR qxr�te W rdwe,
<br /> at +wyr snanNr, ehe ii�6�ality � the orisisial Born�wer and liorrowrrr'm euecesws:r in snternt. I,ender sball uot be
<br /> � � � P��s apiw►t ruoh rueceawr or rrfwr to actera3 time tor pryment or ot6er�i�e modify
<br /> � �aoiti�stioa ot the wuse reeueed hy thir �lortppe t,y reawn of an�� detnanci made by the original Beerower aad
<br /> � Beera�r�r'� w�eesw�s � incerart.
<br /> 0 11- Pxl�m�p L� L�r Nat a Wais�r. Any tosbearance by I.ender in e:ercising any ri�h; os rs�dy
<br /> ' � Mn�d.�r, or t+therwiae aRotded by appticabEe Is�r , ahall r►ot he a w,a.iver of or prectude the exerci�e af sny ri�bt.
<br /> : � � at +ea+edy hemander. TE3e pror�saement of insuronce or the �iayment of taxea or other liens or ctaargea by I,endcr
<br /> � a6aU nat be a wrsivet of Lender's right to accelenete the maturity af the indebtedne� aecured by thu Mortpa�.
<br /> ` � 1Z NardiN Cum�alati��. All remedies provide�l in this \tortgage are diatinct snd cumulai,ive to any othes
<br /> ` � ei�6t or iemedr under tlsia �lortqage or affondtvi In• lu�r or rquity. and may iN exercised conrurrently. "sndepend—
<br /> eniky or gucu�sively.
<br /> � � 18- sueowwrs md Asd4es gound: )oiat �d Severat Liability: Caption� 'I'he co�•enants and sgreements
<br /> • � hetein tontained ahall bind, und the rights Lereund�r chall inure to, thc respectivc successors nnd aseigna of I.eader
<br /> snd Boszower, subjeet to the prociaiony of psara�n�ph t ; hereoi. All co��enant, :ind agreementn of IIorrower ahalI
<br /> be joint mnd x+everat. The caption� attd 6eadings ot tlie ��aragr:�f�hs of thi� \ IortKage are for com�enience only and
<br /> are not Lo be ueed to interpret or define tl�e j�rovisions hereol.
<br /> � 14. Notiu. Any noxice to Sorraw•er pro�-ided for in thi� \lort�{age shalt he gi�•en by mailing auch notice by-
<br /> � certi6ed mail adrlressed toBorroH•cr :�t tkie Propercy Addres� �tate�l bdow, except for any notice required under
<br /> paragraph IS hereof to t>c gi�•en to Borro«'er in tlfe manncr prcecribed b}• :applicnble lu�c. An}� notice provided
<br /> forin thi �Iortgsge �hsll be deenicd to liavc t>een �i�•en to Borro��•er ��-hen givrn in the manner deyignsted herein_
<br /> 15. IJnitorm Mortgage; Goveming Law; Sevazability. '[`his forn� of rnortgsge combinea uni(orm covenants
<br /> for natiomsl use snd non—unifortn covenants �vitli limitcri variations b�- jurisdiction to constitute n uniform secu-
<br /> rity inatrument covering real property. 'I'his• `Iortga�e shall bc governed by the law of the jurisdiction in which " '
<br /> the Property is located. In the event that nny provision or clause of this vlorGgu�e or the Note conflicte with
<br /> applicable law, such consict shall not a(fecE other provisionc of this �Iortgsge or the Note which c$n be given
<br /> effect witliout the conflicting provision , nn<1 to this end the provisions of the \Iortgnge and the Note are declared
<br /> to be severable.
<br /> 16. Borrowai s Copy_ Borroti�•er shall be furnished a oonformed copy of this \Iortgage at the time of execu-
<br /> tion or nfter recordation hereof,
<br /> ' 27. gransier of the Pzoperty: Assumptiox:.. If all or any part of the Property or an interest therein is sold
<br /> or traneferred by Borrower without Lender's prior �critten consent, excluding (a) the creation of a lien or encum-
<br /> brance stxbordinate to this �fortgagc, 1 b) the crcation of a purchase money security interest for household appli-
<br /> ances, (c} a tmnsfer by devise, descent or by operation oC la��- upon the death of u joint tenant or ( d) the grant of
<br /> sny leasei�old interest of t�ree years or less not containing an option to purchnse, Lender may, at Lender's option,
<br /> ' declare si•1 the sums secured by this �Iortgage to be immediatrly due and payable_ Lender shall have wnived such
<br /> ' option to accelerate if, prior to tlie sale or trflnsfer, Lender and #hc person to whom the Property is to be sold or
<br /> x transfened reach agreement in �vriting tl�at the credit of such person is satisfactory to Lender and that the interest
<br /> � payable om the sums secured by this \Iortga�e shull be at such ratc as Lender shall request. If Lender has waived
<br /> the option to accelerate provided in �his parugrapli 1 � and if Borrower's succecsor in interest has executed a writ-
<br /> ;`' ten assum�tion agreement accepte3 in writing by I.ender, Lender shall release Borrower from all obligations under $
<br /> j this Mortgage and the Note.
<br /> If Lesder exercises swch option to acceleratq Lender shull uinil Borrower notice of acceleration in accordsnce �
<br /> �� _ �vith paragraph 14 hereof. Such notice shal ! provide a period of not less tl�an 30 days from the daLe the notice is ".
<br /> mailed within which Borrower may pny the sums declareu duc. If Borrowcr fsils to pay such surns prior to the
<br /> � expiratiou of such period, Zender rnay, �cithout turtlier notice or demsncl on B'orrower, invoke any remedies per-
<br /> � mitted by paragra.ph 18 hereoL
<br /> .i �'ON-L� NIFORM COVENARTS. BO1'1'O\�'CI' }�I1C1 L071C�C1' Ylll'tIIC'1' COVC17SZlt and agrec as follo�vs _
<br /> ,? 18. Piaeeleration; Reaiedies_ Except as F�ro�•ided in paragra��h ] 7 hereof, upon Borro�ver's hreach of any
<br /> j covenant oragreement of Borra�•er in this ]Iortguge , inclucting tlie covenunts to psy when due any smns seeured
<br /> ,� by this :1Iortgage, Lender yirior to �tcceleration ahall nuiil noticc to Borro��•cr a� �iroeided in para�rnph 14 I�ereof
<br /> ¢ specifying : (1 ) the breaclz ; (2) tf�e nction required to ciur sucli breach ; 13 ) a datc, not less tlian thirty days
<br /> � from the date the notice is mailed to I3orro��•cr, iiy ��•tiic6 �ucl � Mreneh wust bc cured ; and ( 4 ) that failurc to cure
<br /> , such brea�h on or before tiic dnte specified in t hc notice may result in acccleration of tLc smn� secured by this
<br /> � Mortgage $nd sale of the Property. If tl�e breach is not cured on or befm•c thc date specified in the notice, Lender
<br /> ; . at Lender's option may declare all oi t1�e swus secured by this �lortgagc to be immediatcly due iind payable
<br /> , = without further demnnd and may foreclose tl�is �Iortga�e by judicial proceedinR. I.ender shall be entitled to collect
<br /> z in such proceeding all expenses of foreclosurc, inclucting, but not li�nited to, costs of docuu�entary evidence,
<br /> t abstracts �.-id tit;a :eports.
<br /> � 19. Borrowar's Right ta Reiastate. \ot�cithatanding Lender'. ucceleration ot the sum� eecured by this
<br /> Mortgsge, �orrower shall have tlie right to ha�•e anp nroceedin�s begun by Lender to enforce this 1lort s e dis-
<br /> F cdntinued st any fime prioa to entry of a ud g g
<br /> j grnent erf���ng thi. \fortgflgc if : tal Borro�cer pays Lender all
<br /> _� : suma whic!= would be then due under this \iortgagc, thc I�'ote and notes securin� Future Ad�•einces, if any, had no
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<br /> acceleration occurred ; (b ) �orrowez cures a13 brenche� of any oEher covennnt� or agrcements of Sorrower con-
<br /> � ta.ined in th�is Mortgage ; (c} Borrower pnys al] reasonsble expense� iucurmd bp Lender in vnforcin� the covennnt,e
<br /> ' s"•i agreernents of Borrotrer contaiaed in tiii. �Lortg:ige and iti eniorcin� Lencier's remediea as ��rovided in pnra-
<br /> ' graph 18 h�reof, including, t�ut nat Iimited to, ressonsble attorney's fe� : snd Id1 Borrower takes such nction as
<br /> yLender ma� rnasonably reguire to sssure that t�c lien bf this \iortgage, Lender'c intemst in the Property and
<br /> Borrowers abli ation to +
<br /> B pay the surns secured b_y this \Iortgage �Imll continue unin�paired . U��on sUch payment
<br /> �� and cure by Borrower, thie Mortgage and tl�e obl�gations secured 2�creby �hall remain in full force and effect as if
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<br /> ' no sccelera�ion had occurre�_ .• �.-., ,,' ,
<br /> � 20. Aasignmont of $os►ts; Aplaoiatmeat oi Raceiver: Leadez ia Posseaeion. As additional security here- � -� `
<br /> under, Borron•er hereby aesigns to Lender tl�e rents o[ ti�e Propert� , pmvicied that Borrower ehall, prior to ttcceler- �? r: '
<br /> ation nnder paragrsph 18 hereof or abandonment of the Property, havc the right to collect and retain such rents � �; ;`
<br /> as tlsey become due and paysble. �:': :
<br /> ' Upoa acceleratioo- uader paragraph 18 hereof or sbandonmeat of t}ie Yroperty , I.ender, in pet�on, 6p agent � `+ . ;;i
<br /> _� or 'by judicimlly apQointed r.e¢eiver s�a11 be entitled to enter �poa, tuke nosseaFion of und �nana�e thc Yroperty � Y • -�mw
<br /> a� to colle+cE the rents of t�e Property, inr7uding thosc Past due_ :Vl rcnt? collected b�- Lender or lhe rcceiver � "�"� -
<br /> � ahsll be sppiied firat'to psyment of tSe coets of nianagement of the Property and colIection of rents, including, hut
<br /> not limited to, receiver's fees, premi�sans an receiver's b,onds and reasonable attorney's fe� . and then to the sums
<br /> ,.} . se�ured by L7�ie Morfgage. L�nder and the receiver ahall t�e liable to account only for tliose rnnt.s a�tusllv rrc�iv��l .
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