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� gg- s�so�9 <br /> 3. If all or any partent determinedtin�accordance with paragraph�2fsha1l <br /> by Mortgagor� paym <br /> be immediately due and payable� excludingi <br /> a. The creation of a lien or encumbrance subordinata to thia <br /> mortgage. <br /> b. The creation of a purchase money security intnrest in <br /> houaehold appliancea. <br /> c. A transfer Uy deviee. descent or Uy operation of law upon <br /> the death of a joint tenant. <br /> d. A tranafer by assumption. This mortgage may be traneferred <br /> by aseumption if� <br /> i. The Mortgagor(e) has obtained consent in writing <br /> from tha Mortgagee prior to t'ranstart <br /> ii. The as4umption purcheser has approval of the <br /> first mortgage holder or a neK firat mortgage ia <br /> obtained by the purchasars and <br /> iii. The assumption purchaser or new mortgagor vrill <br /> occupy the property covered by thia second . <br /> mortgage. ' <br /> 4. Should the Mortgagor enter into an agreemeat to reat or lease the <br /> property deacribed above, tha Mortgagee ahall declare all sums <br /> secured by this mortgage to be immediately due and payable. The <br /> amount of sum due shall be the amount as determiaed in accordance <br /> �+ith paragraph 2. , <br /> S. Upon Mortgagor's breach of any covenant or agreement of Mortgagor in <br /> this mortgage. Mortgagee prior to acceleratioa� shall mail notice to <br /> Mortgagor specifying: (1) the breach; (2) the action required to cure <br /> auch breach; (3) a date� not less than 30 day� from the date the <br /> notice i• mailed Mortgagor� by which such breach must be cured= and <br /> (4) the failure to cure such breach on or before the date specified <br /> in the notice shall reault in accaleration of the sums secured by <br /> this mortgage. foreclosure by judicial proceeding� aad sale of the <br /> property. The notice shall further inform Mortgagor of the right to <br /> reinstate after acceleration and the right to assert in the <br /> forecloaura proceeding the non-exiatence of a ¢efault or any other <br /> defense of Mortgagor to acceleration and forecloeura. If the breach <br /> is not cured on or bafore the date epecified in the notice� Mortgagee <br /> shall declare all of the sums secured by thia mortgage to be <br /> immediately due and payable without further demand and may foreclose <br /> this mortgage. Mortgagee shall be entitled to collect in such <br /> proceeding all expenses of •foreclosure including but not limited to, <br /> coats of documentary evidence. aUstracts and title reports. <br /> 2 <br /> I <br />