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<br /> ` � not extend or postpone 'the- due date of Ghe montlily instnllmentis referred to in paragraphs 1 and 2 hereof or ' � s -
<br /> � chsnge 'the amount of such instaliments. y ; r Y x, �f <l �;
<br /> 1Q:; Borrower Not Released. : T�',xEension of tl�e tiine for paytnent or modification of nmortization of the sums �"� ; , „� � 5+���,�< �
<br /> i �, seoured!'by this 1�Ioitgage grantect ,by Lender to any, successor in intereat of Borro�ver ahall not .operate to release, ,t - ,+;, r �s <r e, 1,
<br /> , �t ut any' manrierArthe 7iability of the original Borro�ver und Borrotiver's successors in interest. Lender shall not be �`��� '' h ` `��i � ''�
<br /> � � ' - required to commence pro'ceedings against suclr successor or re£usc to extend time for payment or otherwiae modify �'+� �' � < < < �'�"''� � "
<br /> a smortizaf.ion of ,the sums; secured;Uy this :liortguge' I�y reasorr of any demand made by the original Borrower snd � ;= ' *'� ( : ` �
<br /> �"" � � t � z ' �-�w,
<br /> },r Borrower's sueceseors in interest. - _ �s ': ` � ; ' ,� ?
<br /> ,s;a 11.1' Fozbe�amce by, Leader Not a Wmver. Any forbearancc by Lender in exercising any right or remedy � : „- ur �"��s;
<br /> ," hereunder, or otherwise afforded by appliceble Ia�v, shall not be n wuiver of or preclude the exercise of uny right y ` ' : ;� , ^� `� -t,,
<br /> { i , . or remedy hereunder. The procurement of 9nsurance or tiie ��ayment of taxes or other liens or charges by Lender � ' �, " ; f f ;a�,
<br /> �' � � . ' shall 'not be a waiver of Lender's right to accelerate the maturity of the indebtedness secured by this Mortgage_ � . � ;.; "� , ' ,*� ':
<br /> ;;'� p� , '12.' Remedies Cu�ulative. A]1 remedies provided in this \4ortgage urc distinct und cumuIative to any other `sr � r �� '��
<br /> �-.� nght 'oi" remedy ixnder this \Iortgage or nffordeci by la�� or equity, and map bc exercised concurrently, independ- � '� ' �'�r.� �'�
<br /> � < eTtly or:succeseively. t ;. *4f r ;
<br /> ; � 13. Succeesozs aad Asaigas Bound; Joint �d Seve:al Liability; Captions. The covennnts and agreements ` f ? '
<br /> r. � herein contained shall bind, nnd the rights hereunder shall inure to, the respectivc successors and sasigns of Lender 4 Y � � { r �5 ,
<br /> and Bonower, subject to the provigions of puragraph 17 hereof. All cavennnts and agreements of Borrowershall � ' S'', Y��
<br /> � b e j oin t an d severa l. T he cap tions and hca dings of tlie paragrnp6s of thi� \ Iortgage ure for convenience oniy and p , '�' � `
<br /> : , . ,s�.,A
<br /> � a.ie not to be used to interpret or define the Iirovisions hereof. �; r * � ;
<br /> 14. Notice. An y' notice to Bonower p r o v i d e d f o r i n t h i� \t o r t g a g e s h a l l b e g i�•e n b y m a i l i n g s u c h n o t i c e b y 4 }, - �, r `�n�'
<br /> j ; , certified lnail sddressed to Borrower at thc Propert�• address st�;ted belo«�, except for any notice required under F � '' ` � �*'
<br /> � paragraph 18 hereof to Ue given to Borrower in tl�c manner �irescribed by vpplicablc la«•. Any notice provided G � r `��3±
<br /> for in this vIort a e shall be deemed to ha�•e been � ` s � 1 �1"�;�'3�
<br /> � ` i g g given to Borro�ser when �iven in the tnanner designttted herein. p ; , ��k��t�
<br /> , , 15: Unitorm Mortgage; Goveming Law; Severability. This form of �uortgage combines uniform covenants 5 ' t "" x t �,w��;.
<br /> > fornational use And non-uniform covennnts �vith limited �•ariations bp jurisdiction to constitute a uniform aecu- �f � ` i ' �`�'��'`T�'
<br /> , rity inatrument covering resl property. This \Iortgagc shul ! be governed by the la�v of the jurisdiction in which t ' �a�; y'�ra�%��
<br /> , i the Property is located. In the event that any provision m• clause of this Mortgssge or the Note conflicts with � - "�� #� �^ ' ���•
<br /> . spplicable7aw, such conflict shall not uffect otlier provisions of this \Iortgage or the Note which csn be given � e�, � ' � ;�"� ��*�'u'�,
<br /> ,, effect without the conRicting nrovision, and to tliis end the provisions af the �4ortgage and the Note are declsred ':' � "'` �'s�a�i "�
<br /> t tobeseverable. ` ,{4 ,�'�F`� = .
<br /> : 16. Bozzowei s Copy. Borrower shall be furnisl�ed n conformed copy of this �4ortgage at the time of execu- ' ' ` � , eK�;�^'� 'p
<br /> �r . ` tIOII OP 8�'.QT ICCOYC18El0II IIBI'BOP. � ' ;, �� �-e�3�# �
<br /> _ 17. Trm�sier of the Property; Assumptioa. If all or any part of the Property or an interest therein is sold � ��' 'T
<br /> or trsasferred b Borrower �vithout Lender's rior written consent excludin � �,a+�" '�'"�F�'�'?
<br /> 3' A , g (u) the creation of a lien or encum-
<br /> brance subordSnate to this �4ortgage, ( b) the creation of a purchase money security interest for houaehold appli- ` � ^{� "
<br /> :` ance§, (c) a transfer by devise, descent or by operation of la�v upon the death of n joint tenant or (d) the, grant of ` t � 4'� �� •
<br /> xvldG ,,.KY� �'
<br /> any leasehold interest of three years or leas not containing an option to purchase, Lender may, at Lender's option, � ����t �fF� ��� =
<br /> � declare at2 the sums secured by thie Mortgage to Uc iminediately due and payabte. Lender ahalLhave waived such M '. 2� �'�,° "
<br /> � . `option Eo accelerate if, pnor to tl�e sale or transfer, Lender and tlic person to �vhom the Property is to be sold or. r �t y4;�` �s�
<br /> }� traneferred reacl� agreement in �vriting thnt the credit of such person is sntisfactory to Lender and that the interest ' ` � "�'
<br /> � � `� `tr"�` �
<br /> : payable on the sums secured by this Vlortgage shall Ge at sucli ratc as Lender shall request. If Lender has waived ♦ ' ` ,� �: , �r
<br /> � the option Eo accelerate provided in this paragrspl� 17 and it Borrower's successor in interest l�as executed a writ- a �' ,�r`S:`
<br /> � : tea sssumption agreement accepted in �vriting by 7,ender, Lender shali release Borrower from all obligations under . � � �
<br /> . :-. , : ' a �,•t 1�r �:
<br /> � bhis Mortgage and the Note. ` ✓ e
<br /> = If Lender exercises such option to accelerate, Lender shall anail Borrower notice of acceleration in accordsnce "., ' � � r u �5{ :
<br /> `i, �vitl� paragraph 24 hereof. Subh notice sl�nll provide s period of not less than 30 days from the date tl�e notice is ,-�: t r ;
<br /> mailed' within which Bonower may pay the sums declared due. If Borrower fails to pay such sums prior to the � +F
<br /> ' ���b n a=auc�h period, Lender may; Nithout furtlier noticc or ciemanct on I3'orrower, invoke any remedies per- � ' � l�„���;�
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<br /> ', Y P B Ph 18 hereoC
<br /> . . . . . . � . . . � SL.. `rF
<br /> ,,, . . . . . . . � . ; . � ' a� 't ra rY�ii
<br /> '`� NON—US7IFORM CovExerTs.�. �. Borrotiver and Lendei• furtLer covensnt and agree as follo�vs : . � � � � � " "�� :,w�,�
<br /> � � � `y. � ' � �, a
<br /> 19. Acceleration; Remedies. Except as pro�•idect in (�arugrn��h 17 hereof, upon Borrower's breach of any - p'�
<br /> ��. cavenanE or agreement of Borro�ver in' tk�is �fortgatge, including thc covenants to ��ay ���hen duc any sums secured 1 ' �� `� ��
<br /> �.. ry r .,�
<br /> y; bg this ,Alortgage;'Lender ��rior to accelerntion shal! �unil notiec to Borro«�cr tis pro�•ided in paragrapl� 14 hereof ! � � Pi�
<br /> specifying: ( 1 ) the bresch ; (2) the netion required to ewr sucl� breach ; 13 ) a datc, not less than thirt,V days ( � � :xry,
<br /> „: ' from the dste the noticc is mailed to 13orro«•er, by a•I�ich sucl� brcncfi inust bc cm•ed ; and (4 ) that failurc to cure ` �:'. �;
<br /> „> such breach on or before the date specified in . Uie noticc rnuy result in accelerat.ion of tlie suins secured by this t '
<br /> 9y� Mortgage snd sale of the ProperLy. If ihe Ureacl� is not cured on or before tl�c date specified in tl�e notice, Lender f ` " �' "'
<br /> � . , 1 t _ �
<br /> '�, . at Lender's option znay declare' all of tfie sums secured by this 14ortgage to he immediutely due and payable j - ' , ' :
<br /> i without furtherdetnand snd may foreclose tliis vlortgnge by judicial proceeding. Lender shall be entitled to collect � '`` '
<br /> in such proceeding all expenses of foreclosure, including, but no[ limited to, costs of documentary evidence, € � x,� �;'
<br /> � abstracte and title reports. � a, ;
<br /> Y ; 19. Bcrrowoz's Right. to Raiastate. 1�Tot�vitl�standing Lender's uceeleration of the sums secured by this �°� '-' '
<br /> Mor�gage;Borrower ehall'have the right to hsye any proceedings begun Uy Lender to enforcc this vtortgage dis- � � �
<br /> centinued gt a�. :time prior to entry of a judgment enfoxcing this \�ortgage if: (s ) Borrower pays Lender sll ;� ` }
<br /> aumswhichwouid be their' due under this �lortgage, thc \Tate nnci notes decuring Futurc Advances, if sny, had no '� f : .�
<br /> ,z} , acceleratioa occnrred ; (6} ga�wer curee all breaclies of anv other co�•cnants or sgrcements of Borrou�er con-
<br /> tamed in this Mortgsge; (c) Bortower pays all reasonable expenses incurred by i.ender in enforcing the covenants °
<br /> and sgreeaients of„Bortower con�ained in this 1-iortguge and in enforcing T.ender'.Y remedies as provided in paru- � > � { ;; "�;
<br /> giaph IS hereof;,inc2�idiag;biit not' limited to, reasonuble attorney's fee: : and ' td ) 'Borrowcr tnkes such setion ns " "" ' = '�"-�
<br /> ,� Leaader ;may reasonsbly reguire to,assure that the ' lien of t11is �lortgage, Lender's interest in the Property and � .�--�-' •
<br /> � ��`� $osrowera obUgatiiozi:�to pay the sums securecl by ,thi,v VIortgage shall continue unimpaired. Upon such payment �
<br /> r � ��gnd ctire by Borrower, thia Mortgsge and the obligations secured hereby shall remain in full force and effect as if '
<br /> Gy � no accelersi�on had�accurred: r ;
<br /> � Nf ' �!'� � I er��ti��� ����trents of he P pertq p p d�at Bonower shall al rior t tS he;e- � ` ' . �
<br /> f tl ' p�Mf �Y�A
<br /> rT� 3 t� ,r 4C' 2A-x�1'9W s'h—e!g 1WF -L 1`.i4d rt � o � F
<br /> , � , P cceler- , �
<br /> � , , a�Yon li��r �"agta, y p�i 18 hereof� or abandoamlen� of,tKe -Proparty, have the rigtit to collect and retain such reuts
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<br /> as;#�ey�'beo�lmq,�uesudpsyable ,�,;. .:� .�:. , �� `
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<br /> y�,, ,.,.�Tpon<scceterataon under parsgraph 18 hereof or�absndonment of the Yroperty, Lender, in person, by agent
<br /> , , �a� 3sy Judiq�ll� appa�mted;rece�ver„,ahail i>e,eatatled to. :enteF upon, take poesessio� of and manage the PropecGy �
<br /> , ' . "sn�ttl'collectthe%i'a�te ,of t1ie:P�opeirty, .Snotudittg ;�hoee. pa�tidue. Ali rents co�lected by Lender or the receiver
<br /> ' ' 'ahs� fie'spp�e�1'firet'to psymentof the ooate, o£ m9nagement of the Property and collection of rents, includinq, but
<br /> ` not jimitied' to, receiver'e tees,- prem�umR cin rr.ceiver'e Fionda and masonable ,�ttorncy's fces, and then to tIie sun�s � '
<br />�� sep�sred by tjnb Mortgage. I;ender snd the receiver slisll he linble to account oniv for Lhose rents actually received.
<br />��f+h� nW 4t 4 . . � . . . � .
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