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F
<br />85-. - 001803
<br />[tot extend of postpone tilt' clue date of the monthly nlstallurgnts referred to in paragraphs I and 2 hereof or
<br />change the amount, of suelt installments
<br />10. Bathes M Not Mortgage Extender, o the lime for pavntent or Inodification of amortization of the $urns
<br />scoured by this Mortgage granted by Lender to any successor in interest of Borrower ,hall not operate to release,
<br />in any manner, the liability of the original Borrower anti Borrow, I , successors in interest. Lender shall not be
<br />required to commence proceedings against such ncce,S01' or refuse to extend time for payment or otherwise modify
<br />Borrow anon of the sums secured by this Mortgage I,% reason of :tin dernand made by the original Borrower and
<br />Borrower's successors in interest.
<br />11. Forbearance by Lender Not a Waiver. Arty forbearance by Lender in exercising right or remedy
<br />hereunder, or otherwise afforded by applicable law, shall g any ri hall not be a waiver of or preclude the exercise of any right
<br />or remedy hereunder. The procurement of insurance or tic payment of taxes or other liens or charges by Lender
<br />shall not be a waiver of Lender's right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />12. Remedies Cumulative. All remedies providedl in this \Iorrgagc are distinct and cumulative to any other
<br />right or remedy under this Mortgage or afforded by law or gcluity, and ,nay h'. exereksed coneurrentiv, independ-
<br />ently or successively,
<br />13. Successors and Assigns Bound; Joint and Several Liability; Captions. The cot•etr:,nts and agreements
<br />herein contained shall hind, and the rights hereunder shall inure to, the respective successors and assigns of Lender
<br />and Borrower,,ubjert to the provisions of paragraph 1; hereof. all covenants :urd ;agreements of Borrower shall
<br />be joint and serer.'[!. The c:aphon, and Lcadi ngs of the paragraphs of this \lortgage ;tie for convenience only and
<br />are not to be used to interpret or define line provisions hereof_
<br />14. Notice. Any notie,• m Borrower In•ovvied for In this %lortgage shall he gn en h� mailing such notice b}
<br />certified trail ad,:ressed to Borrowct• ;it III` Property Address stated below. '.xeept for any noting required ender
<br />paragraph 18 ilrmof to be gn<n n, Borrotccl' m the ul:nuu r Incscrillctk bt' . applicable ! r !;
<br />for in this Mortgage shall hr degnu"I to hayo been will to Borrower wloetl 1 I atv.:1n)' notice provided
<br />15. Uniform Mortgage; Governing given In tilt• manne
<br />for national use and nor designated herein.
<br />g LaW; Severability. '[his form of ;wore uge oomhincs [deform cotenants
<br />n- uniform'.oyenu,Its with limited •;:matrons In• f f nlort a (' constitute i uniform covenants
<br />rity instrument covering real property. This \lortgage shall log gut•,,I�ned by the law of the jurisdiction ill which
<br />the Property is located. li rile event that any l,rovisron or (1'jl ni this \Iottgage or the Note conflicts with
<br />applicable law, ,tear conflict shall not affect other I,rovisicros of rill, `,lortgage or the rote which can he given
<br />o be without tilt' conflicting prorl,ion.:dd to this end tilt' ln•ovrsions of the Mortgage au,i the Note are declared
<br />to be severable.
<br />I.S. Borrowers Copy. Borrower shall lie furnished :t ronforrned copy of this Mortgage at file time of execu-
<br />tion or after recordation hereof.
<br />17• Transfer of the Property; Assumption. If all or any hart of ;lit property or :tit interest therein is sold
<br />or ncesubor by Borrower without ],cocker's prior writrcn rinser[ cxchlrimt IaI the creation of a lien or encum-
<br />brance subordinate to chi, %lortgage, ,b, the creano❑ of a t,urcl,asc moral.[ - ecurit}� interest for household appli-
<br />ances, tc/ a transfer by devise. descent or by operation of Law upon the death of a imnt tenant or Ida the d ap of
<br />any leasehold tntgrest of three years ur less not rontainrn :uI option to pun irtsg. Lender may. at Lender', option,
<br />declare all the sums secured by this Mortgage to be unufc,hatclt' rut, :aml I,;avald". Lrndcr shall hate waited such
<br />Option to accelerate if, error to the sale or transfer, Lender :md :file l,rl:,un fo wlouul tit f'rupcnc I> u, be soled or
<br />transferred reach agreement in writing that rile credit of sllce I,crvon Is s;ansfactol'c ro Cornier and that rile interest
<br />payable on the sums secured by this ]lortgage shall br su, li rare as L'.ndt r snail To
<br />t. If Lender has waited
<br />the option to accelerate provided in tills paragraph 17 :and If lio:•rotecr'..•,:cce.,or :u u,terest Tuts executed a writ-
<br />tell a ortga a agreement at lit writing by Len,ier. Lender small release liorrow ter front ell obligations under
<br />this Mortgage and the Note.
<br />If Lender exercises such option to accelerate, Lender shall Hal: Borrower not nee of acceleration in accordance
<br />with paragraph 14 hereof. much totu'e slutll Protplr a p,vro,i of rvn !,•,., tluul 30 dads iron; the data the notice is
<br />e
<br />mailed within which Borrower ulay l,a} the stuns declared ,!tic. If Borro,tcr (all- to ;.;t} well >uuas prior to rite
<br />expiration of such period, Lender nu,y without further none'. or �?enlaad ,n, lion »,act. m'okc any remedies per_
<br />twitted by paragraph 1S hereof
<br />NnN -j NrYn;t.y t'uvr:NANrs. (iorruw','I' ;nu! In•ntlrr furingr <ntrrurut an,l :ag1',•t• n, iullnas:
<br />1B. Acceleration; Remedies. Gxe'.pt as pruvnlc,l m l,:uagraph 17 i. upon 13nrrower v breach of any
<br />covenant or agreerucrlt of Ronowcr Io 1111' Mortgal(, . IncIlidmt; fin cuvenaut' to pa} seen ,iuc arc sums secured
<br />by this \lortgage. Lori,ler p1'wr to :urcicr:ttlon >enll notice io Borruwrr its procrdgd m I,;tragr;apll 1 f hereof
<br />specifying: i Is life breach; i'.1 tilt :action regUII'Cd to cure tlti, hrearh. ,;i1
<br />from the date the notice i., 111111 led c liorroacr. 1,% „lucn ,If, i I Itnah nnt,t u, , :1 N tc, fill, ,ali "1hthallilthl tau cum
<br />-urn breach on or before the dal, . pecttied tit iloa flow",' uuay result in ac(olcranoo of 1h'. ,,inns ecurcd by this
<br />Mortgage and ,alt• Il the Property If the h Uo), Is not curcti oI; 01 before the dab• specifie,i in the nuhec'. Lender
<br />at Lender's option may declare all ui tilt' $tiny seeurc,i by rhI> \lortgage fn be inun'.diatcly ,lug and payable
<br />without further demand and mac fOfdt'Io�H' fills Alortp;agc by iududal prucncdtrlg. L'.ndcr shall he due all to collect
<br />tit such proeecding all expcn.x•s of forcclo,urc. inchr,lina. lout not Inner "i to, rusts ul duruuu at:u_v ccu
<br />ab8traets acid title report's ltvuv•.
<br />18• Bic- ower's Right to Re'
<br />MOrtg g 9 testate. rutwntilotalldloe L'.udcr.. arrcleratr„" „f file ,tune vccured loy Ilex
<br />continued atoanvwtutu priori to entrygof arllu lgmrnt •ufoTcing tills \Iortgagt tiff, t;n 'Burruwer,lpaMoLrnderdtikl
<br />urns which could be then due untker flu: %lortgage, III(- Note ;trrd notes securing 1'uurrc Adyuur'cs• if any, had no
<br />acceleration occurred: 1h1 Borrower cur,•, :all brcaci.os ,
<br />twined in this Mo ,I :uly tither co,cnoms or agreerngm•, of Ilorro'Wcr don -
<br />�KBKe; fcl Borrower pays all I.Vasonahb• ,•xprnsc, nu ur'rc,l by Lrndcr m ,•nfurnnH the• rnrt o:urt,
<br />and agreements of Borrower contairml in tills .Alortq:,go ;uul III ,�nforclm. Lrndcr ccnlcdie, :,s I,nn�Idrd nn para-
<br />Lraph IS hereof, including
<br />rC but not. limited to, era .,00al,ig nnorucv, itorrow'.r lakes vide :u•uon :as
<br />Lender may reasonably reyuirc to ns,ure that tilt' Iles of flu• AIorlca {;'.. Lcn,igr. ;nfer,•,t III the Properly and
<br />Borrower's obligation to pay the •;urns securul runtlnn'. ,urun ,;u r, •,I I' on -uch l.,
<br />and core by Borrower, this Llortkage and tit 01,11g;0 loo., 'r'.un 1 lo, l n
<br />nn acceleration halt ucc•urrcrl. cnuu't
<br />■�;�_� �I;•tii rrin;,•n ni ill,, furs and rllnrt ,y,; Ij
<br />20• A"'SnIn"i of Rents; Appointment of Receiver: Lender in Possession 1,
<br />angle r, Borrower hereby asstgu:. to L. ndrr the n1, , f J Clonal
<br />anon under ptsragraph lk ht roof or ah:tn fonulra,t of Ir h, Pro a tit nil n rr-
<br />{ � InoPI I •,I tlwl Burrnw,'I >h.til l,noi to arrglgr.
<br />ata they heennne,lue find payal,l, h'. I'rul„rtc.
<br />rrt:un �urh rdnl,,
<br />['Iron accc!cratrot, ut,da I I,ara rte,
<br />or f,y 1r,dtraallY t , n r e I, 19 I„ ,i ui ,,,.0 •Iurul , nI II„ 1
<br />1 i' m ed re r •n.v .hall L• I {'� I I t L, rnl, r n ! t nt;col
<br />of to •olhct fit(- r fs ,f ru ;Irv. ,It I 4
<br />t
<br />ul I I n,pty Irn:u pre; Ih, ,a.t ,In- ,'I , �.i•I � �, I ;,q•rtl�
<br />-hall Is, eI r,lard fir ,t t ,,t�.,, ,
<br />' 1 .I ,ht ,I.
<br />, r n, a ., nrnl , I . „
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