r-~°^
<br />eat extend or Irostpane the due skate of the munth}y instnlhnents referred to in paragraphs l and 2 hcreot or
<br />ehanga the- rimount of suolr installments.
<br />itl. ISorroerer Not Released. Extensson of the tinge for payurent or moddificatiun of amortization of the sums
<br />secured by this Mortgage grantees ksy Lender to arty successor in interest at Borrower shat! eat operate fn release,
<br />in any manner, rho liability of the origins! Borrower and Borrower's successors in interest. bender shall eat be
<br />required to commence trmceedings against suelr successor or refuse to extend time for payment or otherwise modify
<br />amortisation of the sums secured by this llartgage }ry reason of any demand made by the angina! }sarrawer and
<br />,Borrower s successors in 'interest. -
<br />-za- r ~ - -..a.~.,...~e hff r.~,aa. Not ~ 4Yotiver. _Any-forbearance b_y Lender in exercising any right or remedy. -
<br />hereunder; or otherwise afforded by applie~lsla Iaw, shall not k;` a waiver of ar prec}ude the exercise of any right
<br />or remedy hereunder, The procurement of insurance ar the payment of taxes or other liens ar el:arges by Lender
<br />shelf riot be s waiver of Lender's right fo accelerate the msfurity of the indebtedness secured try this Mortgage.
<br />F;„- p'~ Cuisi~tive, All remedies provided in this Sortgage arc distinct and currtulaLive to any ashes,
<br />right or remE:ly undertlris Mortgage or afforded Icy fat+- or equity, and easy b<• exercised coneureentlp, independ-
<br />ently or successively.
<br />13: uttoce~ors ;crsd Assigns Bound: Ioint and Several Liability: Cs~ptions, The eavenants snd agreements
<br />herein contained shall-bins; and the rights hereunder shall inure to, the respective successors and sssfgns of Lender
<br />and Bc~-sower; su'ujee€to th>: proti•isiatis of lraragrstlth i7 hereot.:3}I revenants and agreements of Bazrciuer sktaf!
<br />fro joint grid several. The calrtions and headings of the paragraphs of tYris yfartgage are for convenience only and
<br />.e Mast ~ be ~±a?,f t~ it?t~i~_*?t ar define the provisions hereof.
<br />i$: Notice: Any notice to I3arrower provided for in this ylart~age• shall he given by mailing such notice by
<br />eortified snail addressed to Bnrrotver at fhe Property address stated belocl-, except i'ar any notice required under
<br />paragraph- i$ hereof to be given to Borrower, in the manner prescribed by ap};livable law. Any notice provided
<br />for in this 1ortgage shall be deemed- to have been given to Borrcwer when given in the manner designated herein.
<br />I5, tlnffoaa Mortgage; Goverrsing Law: Severabilify. This form of mortgage combines uniform covenants
<br />for national use gird non-uniform covenants with limited variations by junsdietian to constitute a uniform seeu- s
<br />city instrtmten€ covering neat properti-. This 3ortgage shalt be governed by the law of the junsdietion in which S
<br />the Property is loeatPd. In the event that any provision or clause of this \iartgage m• the Note canfiicts with
<br />applicable law, such conflict shall not affect. other provisions of this Mortgage or the Note which can be given
<br />s#tec+, wi€hout fhe aanflic€ing prnvision, and to this end the provisions of the >lortgage and the Nate are declared
<br />to be severable.
<br />16. Borrowez's Copy, Borrower sliali be furnished a conformed copy of this ;iortgsge at the time of exeau-
<br />tian or after records€ion hereof. ~
<br />I7, Traas#ez of the Property% Assumption, If all or any part of the Property or an interest therein is sold ;
<br />ar transferred-by Borrower without Lender's prior writken consent, excluding {s) the creation of s lien or encum-
<br />brance s~ihordinate to this Mortgage; {b) tl;e oration of- a purchase money securit• interest far household tippli- -
<br />anees, (c) atransfer lry de~dse, decent or by operation of laiv upon, the death of a joint tenant or {d) the: grant of -
<br />any leasehold interest of three years or less not containing an option to pnrchase, LerrdPr may, at Censer's option;
<br />deela.*e all the e1ims ~sured Icy thfs Mortgage to be itnmediafely due and parable. bender shall have waived -'t
<br />aptfan to accelerate if, prar to the sale br transfer, Lender and the person to whom the Property is to be sold br
<br />transferree-reach sgreautent in writing that the credit of such krerson is satisfactory to Lender and float tl,e interest
<br />payable on-the-suers secured by this :tifartgage shall kSe at such rate a; fender shall request. if Leude: iias waivF"''.,
<br />the-option to accelerate provided in this paragraph i7 and if Borrower's successor in interest has executed a writ-
<br />ten assumption agreement accepted in tvriting try Lender, Lander shall release Borrower from all obligations under
<br />this ~i'fortgage sea-the Nate.
<br />If Leader exercises such option. to accelerate, Lender shall maf} Borrower notice of acceleration in rdaaee
<br />with paragraph i4 herea#. Such notice she!! lrravidc. a period at not Seas than 3fl days from the date the notice is
<br />mailed within which Borrower map pay the sums declared due. if Borrower fails to pay such sums prior to the
<br />~~pi~%an ~ stiel: ,:,,n~*d, Under rn~y, withauf further notice ar demand on Borrower, invoice any remedies per-
<br />witted by paragraph i8 hereof.
<br />Nov-I'xevosat GovtrvAvrs. Borrower and l,nnd~; farther eavenant anti agree a:~ fssllssvvs:
<br />#$. Aaceiezalion: Remedies. Except as pravidcd in paragra}yl~ 17 hereof, upon Borrower's breaelr of any
<br />covenant ar agreement of Borran•er in this ~iar•tgagc, including, slit za.°enants to pay when due any sums secured
<br />try this :liortgsge, Lender Irnar to acceleration s}sell mail notice to Borrower as liravided in pantgraph i4 hereof
<br />specifying: E1) tl;e hreael.; i2i the action required tr; turn sac}e hmuch; t3) a date. net- less than thirty days
<br />from tl=e date tlrc na±ice is mailed to Barro~ter, b}° a•}rick satin breach must. be cured; and (4} that failure to etrrn
<br />such btraeh on or before the gate specified in the notice may result in scceieratian of the sums secured by this-
<br />:4#ortgage and sale of the Property. If the breach is not cumd an or befor•c the date specified in the notice, Fender
<br />st bender's aptron may declare a!i of 'the sums secured br this Mortgage to be irnrnediately due and payatale-
<br />without iurtlier demand snd may force}use this Mortgage Icy judieia} proceeding. Lender shall he entitled La collect
<br />irr such proceeding all expenses of toreclosurc, irrclur}ing, but not }incited to, costs of documentary erfdence,
<br />abstrscfs and title rrpot~s.
<br />l+y, $arrovrrer's right to 8einstate. tiatwithstanding Lender's acceteratian of the sums secured by this i
<br />Mortgage, Borrower shall have the right to here ant proceedings begun by Vender to enforce this 14ortgsge dis• 1
<br />ct+niinnai at-any f-ime prior tp entry- of s judgrrreat eaia;eing-this ilorrgsge if: ta) Borrower pays Lender all
<br />sums which would lie then due under this 0.iortgage, khr: I+,'~ote and notes securing Future Advanees, if any, had no
<br />acceleration aeaurred; (h) Borrower cures all frrearijes of any -outer covenants or agreements of Borrower can- f
<br />€ained in this Mortgage; jc) Harrower pays all ressanable expenses incurred by Ixnder in enforcing the covenants
<br />snd agreements of Borrower contained in this Mortgage and sir enforcing Lender'x remedies as provided.in pars-
<br />grapb i8 hereof, includmg, but not limited to, reasonable atzornov•s fees: and t dl Bo.^rower takes such action as
<br />Lender` Wray raasonabiy requite to assure that Lhe'lien of tltic iartgage, Lender's interesi in the l?ropert3+ and
<br />Ro~+awer'a obligation tar pay th¢--sums secured by this \icirtgsge shall'continue unimpaired, tipan -such payment
<br />_ snd clue by Harrower; this ]viortga{te acid the abligatians secured hereby shall remain in lull force and-effect as if
<br />no acceleratianhad occurred.
<br />a"6. Assaignment ai Aenis: Appal.-rtrreat of Receiver, Lender inn -Posse~o:a, As additional security here-
<br />under, Borrower hereby assigns fo Lender the rents o; the Property, prs?vieieri that-Borrorr'er shall, Briar W-sacreler-
<br />a4ion ender par,gri.ph lA herecf ar abandomnerrt e( the Pro{i2*tti•. hart the right to €allect and retain such-rents
<br />as t}~sy beeri,ra dva ar,ri payahSe.
<br />tpon acteleration under }~aragTaph .S r,ercof or sbundorfraronf of Lire Property, bender, in krersan, by agent
<br />or-bY judirialfy_appaint~ receiver shall be entitled tea eater_up8m ts$e Pros Qresian df and manage the Property
<br />to cotlet~tha rents°ofthe Prope'ty,ineindinc the p~st'due. All reixts+ixrllected-by Under or the receiver
<br />shalt be appl`sed first to payment of Elie-costs of nre.aagcrueut of klro Property and eo}lert.ian of rents, including, but
<br />trot limited ta, receiver's fees, premiums on ree2iver's kionds cud -reasonable attorney"s fees. and then to t-!te sums
<br />secured by tfus Mortgage: Lender and the receiver shn{I lrc 7iablr to aceount -only far those rents actually received.
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