~."'"
<br />-- ,,,~-
<br />not extend or postpone the due date ai the nronfldy irstnlhucnts referred to in paragraphs I and 2 hereof or
<br />change else amount of suohrnsiallme~ts.
<br />1t1. ;Xartorrar Not Released.- Extension of the time for payment or modification of amortization of the sums
<br />" secured by-this ~Iartgage granted l;y bender to any sireecssor in interest of Borrower shall not operate to release;
<br />ip cry manner, tt`re liability of the anginal .Burrower-and Borrower's sueeessors in interest. Lender shall eat be
<br />required tti tmnrmence proceedings against.suclt-successor or refuse to extend time for payment or atharwise modify
<br />smartizaiian of tho sums-secured by this llartgage by ieasou of any demand made by the original Harrower and
<br />Borrawer`c sueeessarasn srterest.
<br />:•f. P~;~a Isy~r :~rrt a ~dtssver. Any forbearanea by Lender in exorcising any right ar remedy
<br />hereunder, or otherwise afforded by applicable lat<°, shall eat be a waiver of or preclude the exercise pf any right
<br />or remedy hereunder. The procurement of insurance or t}ts payment of taxev or other liens ar charges- by Lender
<br />shall oat be a waiver of Lender's right- to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />12, >iss ~ul~¢tive. All remedies providedtn this _llartgaga are die-tinet and cumulative to any ether
<br />right or remedy under this Mortgage or afforded try Ian• or equity, and may be exercised concurrently, independ-
<br />ent}y rnsuccersively.
<br />1.3. Successors turd, Assigns Bouad: Xoint oxrd Several Liobility; Captions. The covenants and agreements
<br />~ herein contained shall bind, and the rights hereunder shall inure to, the respective sucecssars and assign of Lender
<br />~ and $orrawer, subject to the provisions of paragtap}r } i hereof. AH covenants and agreements of Borrower steal;
<br />;`„ 1>e faint and Severn}. The captions and headings of the l;sragralrhs of ibis Mortgage are for convenience only and
<br />ate net to be used to interpret or define the provisions irereat.
<br />~ I4. Notice. Any notice to Bonawer provided for in this `.iortgage she}! be given by mailing such natiee by
<br />eertified mail addressed to Borrower at. fire Property Address stated below, except tar any notice required under
<br />paragraph IS }tercet to 6e given to Harrower in the manner prescribed by aplrlicxble law. Any notice provided
<br />~ for in tP~is'..r,,.guse she}i he deemed to have been gn•en to Borran-cr when siren in else manner designated herein.
<br />~ lb. Unifoun Mors
<br />gorge; Gnvemuag &tivrr; Sevartrbility. This forni of mortgage comb=~es uniform covenants
<br />far nations] use and non-turiform covenants with ]invited variations by jurisdiction to constitute a uniform secu-
<br />rity instrument covering real property. This Mortgage steal} he governed by the law of the jurisdiction in wliieh
<br />the Property is located. In the event that any provision or clause of this 1lartgagc ar the Nate eonfls'ets with
<br />applicable taw, such conflict shall not affect other provisions of this \Sortgage or the ItiTOte which can be given
<br />effect without the conflicting provision, and to this end the provisions of the llortgsge and the Nate are declared
<br />to be severable.
<br />Z& I3osrowei s Copy. Borrower shall be furnished a conformed copy of this ltfartgage at the time of execu-
<br />tiara ar after recordatior. hereaf.
<br />i?. ?rtzaefer of tIte Property; Rsstuaptioa If all or sny part of the Property ar an interest therein is sold
<br />or transferred by Boriower without Lender's prior written consent, excluding (a) the creation of s lien or enatmi-
<br />brattce subordinate to this. Mortgage, (}>) the creation of a purchase money security interest-for household apgli-
<br />ances, {c) ~ trans#er by devise, dc: rent or by operation of lan- neon the death of a joint tenant or (d) the grant of
<br />any Iea~hold interest of thr»e years or less not containing ar, apf.ian to purchase, Linder may. at Lender's option,
<br />declare all the sums. secured by this Mortgage to be }nimediateIy due and payable. Lender shall Irate waived a.._..
<br />option to accelerate if, ^°~r to the sale ar transfer, Lender and the person to wham the Property is to be said ax
<br />transferred reach agreement in writing that +_he credit of such 1>ersou is satisfactory to Lender and that the interest
<br />payable an the servos secured by this ~+iartgage shall be at such ra%e as Lender shaii request. If Lender Isar waived
<br />the option to accelerate provided in this paragraph I7 and if Borrower's successor in interest has executed a writ
<br />ten assumgtian agreement acceptrxt in xvriting by Lender, Lender shall release Barmwer frorri alt obligations under •
<br />this Mortgageand thes~7ate:
<br />Lf :Under exercises such option to acct}crate, Linder shall .nail Borrower notice of acceleration fn accordance
<br />wiGlr paragraph I4 hereof. $uch natiee shall provide a period of not less than 34 days from the date the notice -is
<br />mailed ;ritliin which Borrower may pay the sums declared due. Ii Harrower fails to I;ay such sums prior to the
<br />expiration of sneli pentid, t-ender rnay, without further notice oe demand an Harrower, invoke env remedies per- --
<br />muted. by paragraph I8 hereof.
<br />fox-LT~rt=axr Cavx~ra~~. $arrawer and Lender further covenant and agree- as fa3lmvnc
<br />i@. Aceel~-eriitra: Remedies. Except as provided in .paragraph I7 hereaf, upon Borrower's hreach:of say
<br />covenant or agreement of $arrower in t}cis ;liortgagr. inctutlsng else eovensns to liay when due any sums secured
<br />by this \iorigage, bender Irrior to acceleration ,halt mail notice to Borrower as pmrided in parxgraplr 24 hereaf
<br />specifying: {1) the breach: f.~) ttie action required to cure such l;reaelr; i3l a date, not less than thirty--days
<br />from the date the naiice is mailed to Horromcr, hp whit}r stash }}rexeh inust }i~ cured: and t41 that failure to cure
<br />such breach an or before the data specified in the notice ntay reuli in acceleration of the sums secured. by this-
<br />Yfortgage and sale of the Property. If the breach is not cured os. or before the date specified in the- notice, Lender
<br />at Z•ender`s opQian may dee}am all of the sums secured by this ~3artgage to be immediately due and payable
<br />without further demand and may fareclase this Mortgage 6y judieial proceeding. Lender she}f be eiititt8cl to ea2leat
<br />in such proceeding all expt;nses of fomclosum, including; htri not limited to, oasis of documentary evidegee,
<br />abstracts and title'reports.
<br />19. Roaovrea?s Right to RaSastate. ~'atwitlratantiing Lender's aeceieratian of the sums secured by this'
<br />Mortgage, Bvrrut4er shall haae the right to have any proeeet}ings begun by Lender to enforce this Vfortgage die- -
<br />ctaiinuttrt at any-%igre prier io miry of a judgment. enticing this Mortgage if: fat Harrower pays I:efrtier iii
<br />semis-wlriclr irsjuld be then dtte under:this 3°tartgage, she ;iote anel notes securing Future Advariet~, if snyr had no
<br />accel~rationoceurred; {b) Borrrower cures-alt brearltes of any. other covenants or agreements of Borrower con-
<br />taint}d:inthis mortgage; {£} Btiirower pays all reasanahle e>f~rensas irtcuried by I:ender in t:rforcing-,the covenants
<br />and ~'afBorrower contained in this ~fartgage and-in enforving Lemler's remedies s~ provided in Para-
<br />- graph T8 hereof; iiichrding, but not Eiriited to, reasonable attorney's lees; -anti fdi- Borrower talsea such-action as
<br />Leender-;nay r'ensvaably teatrire to nesr,xP that else lien of -this lfartgage, Leridera interest: iii the Property a:rd -
<br />Botr~wer's ohligstipn to pay the sums secured Iiy phis 3itirtgage shall c+zritinae rcrtimpaired. Iljian-such pa}•nrent
<br />atu} our© 6p $orrmxer, this ?4ipittgsge and the otiligaii~sa~cured_ hereby: shall-remain-iii full_fnrce and effect as if
<br />no aeeeieration had occurred.
<br />2ft: 1s~gnmmt of RaaYS; ;rita3aas of Rxaivas; le~},Gr in Pvsaea~n. t~s additional security here-
<br />under, ~orrewer hereby ar~igns fc Lender the mute of tl:e Prupeny, jrintided chef Borrower sh~tP; prier to acceler-
<br />ation underparirgraph 18 hereof'or abandonment of the Property, here the rihhi to collect and retain such rents
<br />ab they bzcome <Gre and payable.
<br />U}roe aecelerauote unrier tr&ragraph f8 herco; or~ttariatdnment of the i'rotierty. Lender, in-petsari, by agent
<br />or by judicially appointedrececcrahall he entitled ter enter upon. take passrssinl7 of and manage fhe Property
<br />-scat to caiitici, 'the renis of the Property, inciudirtg rhasojsast;hate- :i}I irnic caiscetc!1 by 3:ender or the raeeiver
<br />shall be appliFd f rat to payrnenf of the eruts of management of the Yrnperty' and collection of rents, including, but
<br />not lirait~l to receiver's feev, premiums an receiver's basscis anti reasanab}e attorney's fees, -and then to ttie aurae
<br />scoured }sythis litartgage. Lander end-th~rae~vershaft be Hable to tsceount anlc for those rents actually received.
<br />
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