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<br /> . .. . � , .`. . , . . . . , . . . �
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<br /> i � , � ^� ;
<br /> � not extend or� posEpone .tUe due data of blie monthIy ' installments referred to in paragraphs l and 2 hereof or n - , "
<br /> ., ;
<br /> �,'� . chsnge `the' amountof such instaqments. , ' � ".�a
<br /> � � . . � ' Y d r. .q
<br /> r10 � Borrowaz Not Releused. ,.Extension of the ti�ne for payment or modification of amortization of the sums 'r ' � � �� w 1 u���
<br /> �� eecured ;by th�s 341ortgage;,granted Uv I.eqder to any successor im interest of Borrower shatl not .operate to release, � � , '"� � ;'-�,��+;�
<br /> �n anj� manner,:�l�a Uability of the originat Borro�ver• and Borro�r•cr's successors in interest. Lender ahall not' be y� � x ' } x� ° � � r ���'�;
<br /> r reqmred ta com�eqce proceedings'against such succesaor or refuse to .extend :time for payment or otherwise modify " ` % "` �r ��` ^�
<br /> .� ` amortisaEion'of"the sums seeured Uy tl�is \4ortgage by reaso�r of any demand �nade by the'origina! Borrower and �` ' ' , '� { '�'����'�
<br /> .. BOlIOWBL�B Bl1CCC880I'S lII 1pt.CSC9�. ". . . '� �. :. �. . � . . . . .. . � . . .. . . � . � y i a r ' i + ��yx ;,,� a �<.
<br /> R " .. . 11. Forbe��ce by Lender Not a W�ver. • Any forbearance by Lender in exercising any right or remedy- � ' s - tti�-"' '
<br /> 't � �" " ` hereunder, or,otherwise affordect by applicable law, .shall not be n waiver of or preclude the eserciae of any, right � 3 '� i7��
<br /> ` � or remedy hereunder. Tl�e procurement of insurance or the payment of taxes or other liens or charges by Lender � � ' �{' f'�
<br /> N* *"t ahaIl not bi� a waiver of Lender's right to accelerute the maturity oF the indebtedness secured by this Mortgage. � ' "h �'� '� � i� �,'
<br /> " � 12 r Remedias Cumulative, -AlI remedies providecl in this vlortgage are distinct and cumulative to any other ,' u �'A,,�� ��r y:
<br /> ` ' � right'or remedy under this �Iortgage oi• affonied by la�r or cquity, nni9 mup be exercised concurrently, independ- ' �'. '" ' �` ' ` ,k""r�^,
<br /> ' � en6Iy or succeeaidely. h> '?µ ;
<br /> ; 13: Succeasors mid Assigns Boundt Joiat �d Several Liability; Captions. The covennnts and agreements � � " '�
<br /> � herein contained ehali bind, and the rights I�ereunder shall inurc to, the respectivc successors and assigas of Lender ; • , ' � � < : �*i
<br /> 0^p nnd Borrower, subject to the provisions of 1>arsgrnph 17 1�ereof. Al1 covenunts 3nc! ngreements of Borrower s}�a1t � ' �� t �:
<br /> i,� � . � ,� P > _
<br /> be joint and several. The captions und headings of tl�e ��nragraphs of this \[ortgage nre for convenience only and � , 7 fY�� �
<br /> 9re not to be used to interpret or definettie provisions I�ezeof. t' ''°: + 1 r,r�
<br /> 14: Notice. Any notice to Barro�ver pro�•ided for in tliis Jtortgagc shnll be given by luailing such notice by � ; ,� s � $ .P
<br /> - certified' mail addressed to Borrower at the Property :�ddress stated belok•, except Sor any notice required under P "'` '' ' �
<br /> � ' paragrsph 18 hereof to be given to Borro«•ei• in the �nanncr pi•eccrihed by applicable law. :1ny notice provided 4 . "r � �.�`�i �
<br /> for in this Vfortgage shall be deemeci, to havc been �iren to BorroH•er �vhen given in thc �nanner designuted herein. i � �`� '�` ;,";;. �
<br /> 15.;;Uniiorm Mortgage; Goveming Law; Severability. This form of mortgage combines uniform:covenants � ^ - � +���� �� `
<br /> ,. fornational use and non-uniform covenants with limited ��ariations by jurisdiction to constitute a uniform secu- f `i +� ; k tir�£;�,��
<br /> � ` rity, instrument covering real property. This \Iortgage shall bc governed by tl�e la�v of the jurisdiction in which "` 7r r , ����
<br /> 'the Property is located. In the event that �ny provision or clause of this llortgage or the Note conflicts with ; ,' �� , � ��r�'r'�
<br /> ,� applicabie law; such conAict shall not affect otlier prorisions of this �7ortgage or the Note which can be given � '" """�� ''�,��"�4
<br /> � �'� � ' a
<br /> i effect without the conflicting provision, und to this end the provisions of the \Iortgnge and the Note are declsred � "' '� '� � " ru= G,'`°""x:; �
<br /> 5 to be severable. , � � '�,z�,.,
<br /> t; � 16. ::Boaowez"s Copy. Borrower shall be furnished a conformed copy of this i�4ortgage ut the time of execu- R � �fi���� **��` Y'"'
<br /> ' tion or after recordation hereof. �, ��' � r 'r ��, � ,
<br /> � _ . . . . 4 � , 1 R Nt "'-y � , . +
<br /> 17. Tr�sfer oE the Properly; Assumption. If aI! or uny part of the Property or an interest therein is eold � � "* ,wr4�a�`
<br /> � or transferred by Bonower without Lender's prior written consent, excluding (s ) the creation of a lien or encum- � �' "� ��j�;+ ' ..
<br /> brance aubordinate to this vFortgage, ( b) the creation of a purchase money security interest for household appli- k < r � „�
<br /> � ances, (e) a transfer by devise, descent or by operation of la«• upon thc death of a joint tenant or (d) the; grant of Y -�' ti7'+�#� s=" '
<br /> ' any teasehold interest oE three-years or less not containing an option to purchase, Lender msy, at Lender's option, . � r ;`� ,z�� w;. .
<br /> � ' declare �sll the sums secured by this Mortgage to be immediately due and payabie. Lender shull have waived such k : , � r ��' " "
<br /> option to accelerste if, prior to t1�c saZe 'or transfer, Lender und tlie person to whom tlie Property is to be sold or � .<; ° ' `''`� �
<br /> r : tranaferred resoh agreement in �vriting that ttie credit of sucli person is satisfactory to Lender und that the interest ��r ��5`� �; �" .
<br /> payable on the sums secured by this Mortgage shall t�e at sucl� ratc as I.ender shall request. If Lender has waived � ' 4 � ��a�"w� �
<br /> m the option.to accelerate provided in this paragraph 17 and if Borrower's successor in interest I�as executed a writ- � r r ' � � ' ���`v'p.
<br /> ten aseumption agreement accepted in �vriting by Lender, Lender shall mlease Borrower from sil obligations under � �. ' ` 1 � *�:�
<br /> thia Mortgage and the Note. � , , M tfi,�
<br /> ` If Lender exercises suclr option to accelerate, Lender shall �nail Borrower notice of acceleration in accordance � � h i� ,�y,.�
<br /> �vith paragraph 14 hereof. Sueh notice shnll pro�•ide a period of not less thsn 30 days from the date the notice iis �� , .� , �, d � ��a3
<br /> mailed within which Bonower may pay tl�e sums declared due. If Borron-er fails to �a such sums " ' � ^
<br /> :• . � y prior to the , ,,, � � � ,
<br /> , qcpiration of such period, Lender may, �eithout furtl�er notice or demnnd on Borrower, invoke any remedies per- � ' a �
<br /> ; � rii�tted by''paragraph 18 hereof. , ` ' +�r���,
<br /> " :. � _ ..;. � . . . � . . . . . . . . - * 's ,ux � � r V � �+`�
<br /> ;: . Nox-UxiFosns CovsxwxTs. Boi�ro�vei• and Lender furtlier covenant and agree as, follows : 1 � ; � ; �" � 'k .:
<br /> „�, , { st �o
<br /> 18. Accelesdtion;• Remedies. Except as procided in parugru��L Y7 12ereof, upon Borrower's breach of any �- ' � � ,; ,� �
<br /> ^ 7r
<br /> covenant'or agreement of'Borrad•er in t1�is �Iortgaqe, including tl�c covenants to j�ay �vhen duc uny sums seeured � z '}r' i -�:�
<br /> �� by this A4ortgage, Lender. prior to ncceleration shall cnrii! notice to Borro�ver as pro��ided in parsgrnpl� " 14 l�ereof + ' 't, �,k<�
<br /> specifying: ,( lj ,the, breach ; (2) the action required to cure sucl� breach ; (3 ) a datc, not less tl�an thirty days : ;f i�z�
<br /> �',• from the date the notice is mailed to Borro�ver, b�� ��•hich sucti brenclr uiust �e cured ; and ( 4 ) thut failurc to cure ' ' ?,'';�,�
<br /> ' �uch breach on or before t}ie datc specified in tLe noticc' muy l•esult in acceleration of the sums secured by this � , ' FfF;�,�z;
<br /> s, . Mortgage snd sale oLthe Property. If the breach is not cc�red on or beforc tiie date specified in tlie notice, Lender � ,,'���„:4
<br /> st Lender's option ' may 'deelarc all of the sums secured by this il4ortgage to he immediatcly due and payable +t t` :� '�
<br /> ' without further demund and �nay foreclose tl�is \4ortgagc by judicial .t�roceeding. Lender shall bc entitlec! to collect ` ,;, f}'£r��'
<br /> in such proceeding all expenses of foreclosurc, incluiling, but not li�uited to, costs of docuuientary evidence, , � �^,� :j
<br /> abstrsets and title reports. , � r°�r = z
<br /> ;; 19., Hoaowoz's Bight to Aeiastate. M1*otwitli�tanding Lende�'s acceleration of the svms secured by this ~ r A� � �:z���
<br /> `3Glortgage,`Bormwei ehsll have the right to' have any proceedingc begun by Lenclei• to enforcc thia Mortgage die- � , } � ;:y,,
<br /> cpntinued at any time prior to entry of u judgment enfoTcing this \iortgage if: (al Borro���ec pays Lender all �� � '-! i�
<br /> -sume which woald be thea due under' this YIortgage; thc Note nnd notes securing Futurc Advances, if. any, had no , . ,�, „,�:��'
<br /> Seceleration' occurrEd ; (b) Borrower cures aU Greuches of any other cocensnts or agreements of Borrower con- , '¢ • � x
<br /> i p ur ti,
<br /> �ained in'£his Mortgage ; (c) Borrower pays ull reasonable espenees incurml bp i.endcr in cnforcing the co��ensnts � �„�
<br /> snd agreemeats ofiBorrower contained in this 1IortgaRe and i�i enfm•cing T:ender's remedies as provided in psra- ` ' "'� '
<br /> gi'ap�lShereof, 3ncluding, but not limited to; reusonable attornev's fee� ; and fd ) Boirower takes such aotion as `�' �`�� ` ;`t�c"`�
<br /> ,
<br /> x ° iT±ender:�iaY ieeboiri'sbly reqn�re to s�re .f,hat the lien of this \Iortgagc, Lender's interest in the Property and ' � '' �"�' '�"�^'
<br /> x , BorFoWerB obh�aLiori Eo pay, the sums secureii by' thia viortgsge c1�nI1 continue unimpaireil. Uron such payment
<br /> �, f. , � aad;cure bj. $o�er� tlue Mortgage and the obUgations secured hereby shall re�nsin in Yull fa•ce and effect as if
<br /> �, a s� so�eterstioa tiad occurred: ; ; . �
<br /> °`sz" ' "� ^ `; � �"�3�4 �,R� Appomtmeat '�ot Receivar. Leader in Possassion. As additionu! security hern- � �
<br /> , •"`r " ^� "" ��`'•�-`��-�,er�t��$t� �`b"r.�t'1��t`the� Y�erifs ot"llie �ro er`t ` '�
<br /> � F��; . tix ,�„ .�* ;,,�.� �.,, j , p S prov'ideci �hat: Borrower s�all, Prior fo acceler- 1
<br /> x
<br /> `�,r , ,,t � � �uu '�d'e�",�psrsgra�y�3 78 �terLwf'orabsndoifinent of the Projierty; hai•c thc right ' to collect and retain auch rents �,
<br /> Sw� �' ' ��elvo�„����"�`�1'e=8{�d psqSbTe ` `` = , e , ,. :. . , .
<br /> i T . �� �� i } ,� � � �e�San,Rv"nd'erpara `gr'a'ph , 18'heteofior�sFisiidonment .of the Yropert-y. Lender_ in person, � by� �agent � � � �- ` '� m :,,;,. .,` ��,
<br /> r , � , M1�
<br /> M ��Y�7���IY 8PF?o�� �+'�ca}ve,r��aha�l be eztt�tl�d ,CY�' e�er. upoa, take poesession of and inuna�e thc Propert,y
<br /> . + , ; a�itla EaksdC�l�e��Ehe�saents of��l�er.1`'n'oPerty, iacluding�-those:,past, due. AIi rents collect�ed ,by Lender or the receiver
<br /> � 'eiisll �dapphed fiisCto psy�ienL of theYcoats„of ansnageimenE of the Property and coltection of rents, including, Lut
<br /> � noE lurnEed to, reoeaver's ,fees, precniums on receiver's bonr� and mssonable attorney's fees, and then to the sums •
<br /> 1 eenuredbp;'th�aMortgxge; 7.en8e'r `srid`t�Sei'e'coivei'ahall` b�' ]3nblr.' to accouni only for CBose rents xutu�lh• receivud. _j
<br /> � +
<br /> r fi9 4 +YA. `. t '^eMaM%�'MKx.in 'S��� ✓5V �14'YrT^`A�Wi� . .. . . , �
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