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<br />a ct f-.,:,;~.~r u. -!oat,q-i~u-~.- Tat- ;l-€r. .Il~t=r e:4 ~.!!: ~,-srriti.'~.9y rr~,~r i ni, ~l+t~~ ~, Ifrir r.~~~tl . i ~-.:r.~,W~ura,!:lt, ? :,:ry ? .*-errea3~i' got
<br />crhangi. t9'!e arrta~r,tr±t. u:oi sp,tc9t it+sit~a~.i~llza~~r~~ats~-
<br />lt3» 13=rrower ['dot nel€asecl. ixlefit»irtiiu al tll fir€r,~ fa! +G..cen: u" cuuwaiatr -git!an uY a :ar.r.^::i~al rk~!, rr =ilw :~r:xute
<br />secured iy} -..._ M'artgage grart;?d i+s~ Lest<:;rr to suer ~.,t, cros.o.:....aelx re r/i Barrotiv+`r* ~,;a,~l`. nNt alue~atc tv r iwa t^.,
<br />- - - - °,. u„ _ ar T u,:dor 31t .,f l,e
<br />i, ac- - ,iis.;,,r,. tl,~ :abi.,t: .,; t's.c ari~.2.a1 ~rr^ -. :°r ~~ -sure ;•-, ;^•~ _. __. - n_
<br />requt*o,.I ro commence ltrve2edutgs against ~n^it saccc__ar ar .ett~~c to cx;.en:1 tame fvr payment ar e,,,n_rw,sP modify
<br />atnvrtiaation of the. sums secured by this ~Iartgage h}' reason of ar:s demand made by the original Borrower and
<br />Borracver's successors in interest.
<br />11. Fezbearance by Leader Not a Waiver. Any forbearance by Len+ier in exercising any right or remedy
<br />hereunder, or vthenvise afforded by applicable lace-, slaal.i net 6m a waiver of yr preclude ilse exercise of env right
<br />or remed;»• irercurder. Tt;e procurement of insurance or the payment of taxes or other lien:; ar charges by Lender
<br />shall not he a .rawer of I.eader5 right tv accelerate the maturity of the indebtedness secured by this Mortgage.
<br />I2 Remedies Cttm2tiaiive. All remedies provided ir. this Mortgage are distinct and cumulative to am• other
<br />Rgnt-+-r rtinaee.~ :.:;ae; +.,,..:a~.i~a~~ ,. ..,r.,+,cc.+ ,j .a,. ,,, <<!„ _ ..... „ ... .,......,-.~ ............. ... .,y._,.,-
<br />ently ar suece=-ivai:•.
<br />y 13. Successors and Assigns Bound; Joint and Sevezal Liability; Captions. The covenants and agreements
<br />herein contained shall hind, and the rigiafs iereunder shalt inure to, the respective successor and assigns of Lender
<br />and Harrower, subject to the provisions of paragraph I" itereof..Atl co;•ensnt, and agreement= of Borrower shall
<br />be joint atld several. The captions anti iaeadings of the paragraph= of tpi= Mortgage are for cancenience only and
<br />are not to be used to interpret or define the provisions hereof.
<br />14. Notice. Any notice to Borrower provided for in fps \lortgage siaali he gi~•en by mailing such notice by
<br />cr>rtifieri mail addressed to Harrower at the Pronert}• .Address stated brlow. c>xcept for :In}• notice required under
<br />paragraph 18 hereof to i>e given to Borrower in the mannee prescribed by applicable law. Any notice providedi
<br />far in this Mortgage shall be deemed to trove been given to Bon•vwa• ;siren giceu in the manner designated herein.
<br />fvr nationalluse and non-uniform covenants :vith ly~mitecl variations by jurisdiction ±o constitute a uniform secu-
<br />rity instrumF ~t covering real property. This Mortgage shat! be governacl by the law of the jurisdiction in which
<br />the Property is located. In the e~~ent ±hat any provision or e!ause of t{tis \lortgage or the Note conflicts wxt:
<br />applicable few, such conflict shall not affect other provisions of this ]lortgage or the Rtote which can be giver.
<br />effect without the conflicting provision. and to ibis end the provisions of the Mortgage and the Note are declared
<br />to be severable.
<br />io. °a.,-r. ~ -- ° f,;,,- I;a ,~.:.., shall !:e fu. Wished .. ^orformed evpy oS thi„ .TOrtgagp ar the t;r„e of axgr,~-
<br />tivn or after rep er dot-tor hereof.
<br />17. Transfer of the Property; Assump5on. If all or any part of the Fropert}• or an interest therein is sold
<br />or transferrzd by Borrower without Lender's prior written consent, excluding ia} the creation of a lien or eneum-
<br />braree subordinate to this Mortgage. Ih} the creation of a purchase t2toney security interest' for tao-usehold appli-
<br />anecs, ~c} a transfer by devise, descent ar by operation of lacy upon the death of a joint tenant or (d} the grant of
<br />any leasehold iraerest of three years or less not containing an option to purchase, Lender may. at. Lender's option,
<br />declare all the sums secured py this 1lortgage to be inuuedateh- due and payable. Lender shall have waived such
<br />option t~ accelerate if, prior to the sale or fransfer, Lender and the Perron to avhom the Property is to be sold or
<br />transferred reach agreement in writing that t-he credit of such person is satisfaeiory to Lender and that. the interest
<br />payable an the stt!ns secured by flits rtoirgage shalt ue ai sui is rail ac Lrniiee ~i2aii re~.;uest. ii Lender haft is aired
<br />the option. to accelerate provided in this paragraph I i and if Borrower's successor in interest has executed a writ-
<br />ten assumption agreement. accepted in writing by Lender, Lender shall release Harrower from all obligations under
<br />this l+Iortgage and the Note.
<br />If Lender exercises such option to accelerate, Lender shall :nail Borrower notice of acceleration iu accordance
<br />tvith paragrapl i4 hereof. Such notice shalt provide a period of not lei t}tar, 30 +lar~ from the date the notice is
<br />Insii+~i within wilicit Borrower way pay the stuns declared due. if Barra;vcr f += is ;~a~ such aunts prier to the
<br />€xpira-tiara of such period, Lender may. without further notice +n• +lenaand on Berroa'er. iuvone any remedies per-
<br />z?:~,cei ~:± Perez up h to hereof.
<br />ai?~-1 *+iF c; '-•I t°C:'£:: ': T4. l~Ort•al!'Pt• 2i 27{1 I.,PIItIi ?' Itt rTl!!".' S'Ol'('Ilallt 11IIfi t},mt'eP a~ fnijagl-c~
<br />~. nceeierr#ion; Femedies. !;zcept • s l,"uvi,lr:i ; . l;aragr.tirl; l i he reaf, ul,i+n Borrower-~ i:rea^. of Y-_~
<br />covenant*. ^_r agreeme.^.* Of r`sarrate'er in ti;is iiortl;xg+~, including the covenants to l+av when ..uf• a;~° s:...:. --rfntc i
<br />Iby this \lortgage, Lctder briar to acceleration shall urlil notice to Borrower as ;arovidcd m paragral+it I~ hereof
<br />specifying: (11 the breach r2i the action revolved to cure such hrearl:: rata +.tatc. not less than thirtc nays
<br />from the date ehe notice is mailed to Barro;cer, by ,epic!! such breaclr Must be cwrd: and tIt that failure to cure
<br />such breach on as before the date specified in the notice array result in acceleration of the sums secured by this
<br />Mortgage and sale of the Property. If tpe breacp is nut curet{ ot; or before tpe date slaecified in the notice. Lender
<br />at Lender's option may declare all of the stuns secured by the: Alvrtgage to be inunediate!v due and payable
<br />without further demand and may foreclose this Mortgage tn• judicial proceeding. I,cnder shall he entitled to collect
<br />in such proceeding all expenses of foreclosure, including, but not limited to, costs of documentae}• evidence,
<br />abstracts and title reports.
<br />iS. Borroweis Right io Reinstate. Notwithstanding Lender:: acceleration of the sums securesf by this
<br />iviortgage, Borrower shalt have rite right to pave an~• proceedings ilegun try i.entier to enforce ihts 3fortgage dis-
<br />continued at any time prior to entry of a juti+mtent et2fo$cing this ilortgage if: ta) Borrower pays Lender all
<br />stems which would be then due under this 13ortgagc. the \ote and notes secttring Future advances, it any, had no
<br />acceleration occurred; (b) Borrower cures all breaches of any other covenants or agreements of Borrower con-
<br />tained in this liortgage; (c) Borrower pays all reasonable expenses incurred by Lender in enforcing the covenants
<br />and uiYii'nti, of Borrv:;er cori+.airied is title ZIa, tgsge and in enfoning Len<lur's remedies as pravidetl in para-
<br />graph I$ hereof, including, but not lirniied to, reasonable attorney's fees: and +d Borrower takes such action as
<br />Lender may reasonably require to assure that the lien of this \lortgage, Lender's interest in the Property and
<br />$orrower's abligaiion to pay fire sums secured by this Mortgage sl-,all continue unimpaired. Upon such payment
<br />and cure by Borrower, this h3artgage and the obligation secured hereby stall remain in full force and effect as if
<br />no acceleration had occurred.
<br />2A. AsteigmneaE o£ Rents; Appo£ntmeat o£ Receiver; Lender is Possession. As additional security here-
<br />under, Borrower hereby assigns to Lender the rents of the Properly. provided that Borroter shall, prior to acceler-
<br />ayion under paragraph 18 hereof or abandonment of the Property, have- the right to collect and retain such rents
<br />as they become due and payable.
<br />Lrpon acceleration under paragrapl• IS hereof yr abandonmen4 of the Property, Lender, in person, by agent
<br />or by judicially appointed receiver shall be entitled to enter upon, take possession of and manage the Property
<br />sal to cri,112.~ the rents of the Property; including those past due. Alt rents collected by Lender ar the receiver
<br />shall lie agplied irrst io payment of the costa of ntanage2nent of fire Property and collection of rent=, including, but
<br />not litni#~ ta, receiver's fees, prarsiums an receiver's bonds anti rea..onahle ;attorney's fees. and then t.o the sums
<br />secured ley this iartgage. Lender and the receiver shall ire Kahle to account only for those rents actually received.
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