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<br />t crl '~?'I6~, rillrl rr,~ptu~t wPe~rt!II A+~~ it pl'i-. v: Ilhtiar. 1sIw d!IIUCf!'I4 ro4¢I INrhl-~.Ild~~l.i it+a,( r!irwlr, nO~.ltn'p,!r1IIYr'. ,~Vri ]Illllf ri HG;r.'~~:~;aiadi'~ I~nru lwln ~Iam'."+IICir. pGrw,!gnr~!sr,,r-'ass mm c'h•r
<br />rn:o'=-~»: C'==~-iY=^~' u~d~r ; ua;grapz: "ac.>xei'
<br />~s`". ,F^*i t° ~;-xru ~- : t~;~> yam- :~-s==i .'`?:x *agaap~. - -<.srf^_. ,:2~~~. .i:.ai: r...,,,~ adC:::,.
<br />-get - ,c-: ~,:- -Nrr aer- ~~r ,,g: ~ ;fi -~t*~' t-:sr~ of ;~r~~sst =.;ch
<br />L"rn!`..-..?t ...21, a. , µy ably "Sy?;, ..Y .. ~ { .. !,-r.h.,t 4.'} $O.'TrY-' _G ~E'S;inS r3Y'•Y'?^t .f,[rt. d
<br />irate r,f ytiebtarserrrcrs"=_ at th*_ rate r±~€~+>.: -rrn ;.,•--e _. ?.nF x ~tt,.svsar..vi=•: f. a;srs t;ati; hcs. rr•-.~css -rt~r; r_-~c
<br />`• 2 r -. i~a. u~%`s-.r fs* *: hte .an1>F ;s pxvmt~t. v.
<br />iniete~ at s+x_h rate wo;.d~i dx totrizary to a~+!~al'lt lz->{_ in m4i<h z•rc~s sr_rh a.^tz~.mts Jzai, i7tar iar3erar=i at fix higixrsr rate
<br />~rmrssih'e a h~±r Ap,~-ahfc iaw- Ntxhirrg _;:cxttairted i- t3r;; parzgran'+ 7 #sa-.' r!4;rire t_=.tr Yo ir~,:* any cape or `xice
<br />any atti;~r F.-ere+.tnder.
<br />8. inspeciton, Lender may make e? to€a<c t+• r4,c made reasonable cnirits l.~on and .nspcctibzrs of t.~xt Property, prcv:_;^_d
<br />tl;at 1_er+der si-~,tt g;.e Ber*ower ,~,_ , -,. , .-:; a-y senh ins~ir,n spr_:f, .rg .--.ssc+nat5?c ca,nr zF.crefar reiat._d to I.tn~:'x
<br />interest in the P*ogxrty.
<br />9. C.3ndcmtratttsa. T)ir proceed; r-f any a-+ar; nr a`=aim ;or da.+rtazes, air~~* ^ t^nvty:.rntiai. sn connr:ion wi#h a,:y
<br />_v.~m.^.a;irv^ o-.-3hrr iai;in¢ of the !pro~rty. cr Hari !hereof. or for can~.eyantt in ti%v of cnmttrmnation- are i~rthy aasigtvd
<br />and snail ire r,id to Lcndcr.
<br />to the tent cf a tmal taking of the Proper?y. the prtrceds shah he applied to tier sums secured by this Mortgage,
<br />with the excccs. if anv. paid to Borrnwer. in the event bf a partial caking ryf 21?e Property, vr•.les=, 8nrrnwcr and Lesgdtr
<br />otherwise agree in cvriring. there shad he applied to th_ sums sectar•_d by this Mortgage cuc)t proportion of iht proceeds
<br />as i< cy-ua# to That pmpbrtion which the amount of the sums secured fr this Mortgage immediately prior to the date of
<br />taking bears to the fair market value of the Property im:ncdiatch• prior to the doer of taking. with the balance of :he proceeds
<br />pain to 8orrou-er.
<br />It tfie Property is abandoned t,y &1Trbwer. or if. after notice by tinder to Borrower rhat the conderizsor offers to makt
<br />-award br retell a claim far damages, $nrrbwer faits to respond to Lender within 3U days after the date such notice =s
<br />mailed. Linder is authorized to collect and apply the prtxeeds. at Lender's option. either to restoration or repair of the
<br />Propeily nr 24 the 517^15 seeltfed i1V this M4Tlgage.
<br />liaiess Lender and Derrbwer otherwise agree in writing, any sorb appiicatibn of proceeds to principal shaft not extend
<br />or postpone the dt~ '-,see bf th-^_ rnnnthiy instaiimcnts referred to in paragraphs I and ?hereof or changt the amolmt bf
<br />arch instaiirnents.
<br />I0. Borrower Nat Released. F.ztension bf the time for payment or modification of amortization of tree sum, sec-;-_
<br />by this Mortgage granted i+y Lender to any successor in interest of Borrower shall nos operate to release, in any manner.
<br />the tiabi{iiy of the originat Borrower and Borrower's succcsson in interest. Lender shall not he reyltired tb commend
<br />proceedings against such ntrces;or or refuse ib extend time fbr payment or otherwise modify amortization of the sl,ms
<br />secured by fhis =~-ortgagc ~~, reason of any demand made by the original Borrower and Borrower's sncccssbrs in interest.
<br />71. Fnrh«rance b} :.ender Nnt a N%aiver. Anv fonc~arance fry 1.cnder in c~creising any right or remedy heretmder, or
<br />other-wise a(forded by appiieahie law, shalt nbl Fx a waiver of or preclude the exercise of any such right or remedy.
<br />',~ prircurement of insurance or the payment bf tares or other liens or chargcc by Lender shalt not be a waiver of Lender's
<br />right to aceeicratc the maturity bf the indehtednecs scoured by chic'sforfgage.
<br />12. Remedies Cumulative. Ail remedies provided in this Mortgage arc distinct and cumuiativc ro any other right ar
<br />remedy under this 3forigage br a(fordcd by iaw or equity, and may F+e extreiced concurrently. independently or snccttsiveiy.
<br />13. Successors and Asswns Bound; Joint aril Several i.irb$ity; Captions. Thc covenants and agreements herein
<br />containcti shah bind, and titc rights hereunder shall inure to. the rCSpCChVC SllCCCSSbrK and assigns of Lender and Borrower,
<br />subjrt to the provisions of paragraph 17 hereof. A11 covenants and agreements of Bnrmwer shalt be joint and uveraf.
<br />T!:c cap.#ions a-d h~aai^.gc ^f the iaragr:+.phs of et,ie Mnrtgag,~ arc for cnnvSnicnce Holy and ale raft to he used to
<br />interprM or define the prnvisibnc hereof. - -
<br />74. Malice. Ezccpt for any notice rcynired under applicable iaw In he given in another manner, {a) any notice to
<br />Borrower provided for in this Mortgage shah Flo given by mailing axh nniicc by ceriiCted mail addressed to Borrower ai
<br />the Property Addresc nr az such other address as 8ormwer may decignate by notice ro Lender ax prbvidett herein, and
<br />(hj any notice to !.ender shah he given by certified mail, return receipt requested, to Lender's address slatcef fxrein or to
<br />such Mbcr address as Lcndcr may dccignatc by notice to 84rntwcr ax provided hcrcin. Any notice provided for in this
<br />Mortgage shall Ire deemed to have been given to Bnrrawcr or i.ender when given in the manner dcc(gnafed hcrcin.
<br />13. iieifarm 145nrfgage: Gnvernitrg i,aw: Sevenbility. This form of mortgage combines emiform covenants ftrr nafiiclnat
<br />use and not?-=_nifbrtn c ~•cnants with iimitccl varia:inns by jurisdictic.n to cnnstitutc a nniForm ssesriiy incirttrtsrf ct, sv2ring
<br />Tsai properly. This 114rtgagc shai} be gove:ncd by the iaw elf the ju.*i;dictinn 'rn which the Property is Srr€ated. 1r, the
<br />~• any 3,rbvision r,r eiattcc bf this Mott gage nr the N;+te mritias with appiicahie law, such conflict shall nett affect
<br />other provisions of this Mortcage or she iVbtc which can > r, given clfcct withnt:i the can^icting ,.rovisiot#, and #., ti:ix
<br />sod the provisions b( the Wlortgacc and the Nbtc arc dcelarcd to be severable.
<br />1S. Ifarrowcr'.c Cop}. Bnrm:ver shai! he funlichcd a conformed copy 4f the Note anti bf this Mortgage at the trmc
<br />bf excattian rn a(ICr rcrnrdation hereof.
<br />17. Transfer of the Prnpcrfv; Assnnlptian. )(ail or any part n(thc Pmpcrty nr an inicrest !hcrcin is sold or lranstcrrcd
<br />t+y Borrower without Lcndcr s prior :vrittcn consent. excluding h4 the enaiibn of a lieu or cncumhranec suhttrzlinatc to
<br />this Ivfortgage. (h) the creation bf a perch;cee ntoncy security interest for hbucehuid appliances. (c) a trarrefer by devise,
<br />dcsccM or by operation bf law upon the death of a jc+int tcttart or (tp the grant n( any icaschold interest of ihrec years nr foss
<br />not rnntaining an option zb purchase. Lcndcr may, at Lender's option. declare ail the sums secured by this Mortgage to he
<br />immediately d~:¢ and payable. !.ender shai! have waived acch option in aceeicratc if, prior to the laic or transfer. Lender
<br />and the person to whom ihr Pmperty is to he sold or transferred reach agreement in writing that the credit bf such person
<br />IS Satl5faC24fy fb t.COtli'r alld that the interest payable nn the sum. secured by this Mnrigage shalt be at such rote as Lcndcr
<br />shall rcuucst. If Lender has waived the option to accclcratc provided in this paagraph 17, and if Brnrowcr's successor in
<br />interest has executed a written assumption agreement accepted in writing by f.cncler, Lcndcr shat! release Borrower from all
<br />obligations under this Mortgage and zhc Nntc.
<br />)f t.cnder exercises such option tb accclcratc, }.ender shat) mail Borrower notice of aecetention in acrnrel_==-nee with
<br />paragraph i4 hereof. Such nntice shall provide a pcrintl of not less than ;tD dayc (rum the date the notice is mai'cd within
<br />which Bnrrawcr may pay the sums declared due. tf Borrower fills to pay such come prior to the expiration of such period,
<br />Lcndcr may, without further notice br demand on Borrower, invoke any remedies pcrmined by paragraph f A hereof.
<br />_ , _.-.-,,_-=,+-c~;t ;:'ovr,.'~raa;. ilorrbwcr and !.coder ft7rzher covenant one! agree: as foitnws-
<br />l$. e4eeeieralioa; Remedies. Fxcrpt as provided in paragraph 1? Fcreof, apon &.rreweis breach of anv €nrenan! ar
<br />- agreement of Borrower in chic biodgrge, including the ats'enantc to pay when due any mtm ceenred by fhis plnrfga>;e,
<br />-Le7ader prior fo aecekraliam shall mast mtticc to Harrower as provided is paragraph 14 hereof specifying: (I) the breach;
<br />-- (2) Ehe adioa required !o cure such breach; (3) a dale. met ices than 30 ;lays from cite dafe ibe notice is mailed to Borrower,
<br />- by xvhieh such breach must be ctmd: and (4) That failure to cure such breach nn or Aefore the dale specified in the notice
<br />-- tray rt#saft in aceelrrst#an of Ehe sums secured Icy this X3artga$e, foreclosure by jtrdirial proceedirt¢ and sale of the Property.
<br />- The noiitt shai{ further inform Borrower of Ibc ritiM to reinstate after aceekration and the right to assert in the foreclosure
<br />pr(tceediog fire non-exLstcnee of a default or any other defense of Harrower to accekratian and foreclosure. If the breach
<br />js'not cured on or before fife date specified in the ttntice, Lender at Lender's option may declare a8 of the sums secured by
<br />fhis ;41artRagt !n tee immcdialety dtte am9 payable w•ithoul further demand and may torectaSC by judicial proceeding. Lender
<br />shaA !re mtilied In nAlert in such prnceediuq all expenses at Enrechssure, inchtding, but not limited in, costs of doeumenlary
<br />evidetace, aMfraets am! lids reptrrts,
<br />14. °~ x:,e~s R#ght to Reigate. ivoiwiihsiandiag i-endcr's aceeteration of the arms secured by this ivibrtgage,
<br />Borrower shall have the right fa fiavc any prncecdiagx began fiy t.endsr to enforce this Mortgage discortinucd at any time
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