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.rn~ .. t<.- ' ,.,., :.e +urn~. ;ate ~ , .:,r~, era ~ 1 .[_,' ,-~ r 1 •a =, ~r~rri it . ~ p~,ar .~,r.pFt;.: b ~a,.r, ';; I ~cr,:a' ar
<br />rha_*€g_r ti;,~ ,*nou,> of ~€,s~;= i€rmts:iiurian.N:=~
<br />I0. ~I;~.;ra,verNaflii~l~rased.• Iixt~.Te;+.:: pro: trE• ce,,nr,,e o ;n~ r.1, i,€ siscrdfi'Ic,t,:run a,ot .anrary:sraaarti€)rra a:rf fEr., ss;tnis
<br />~uec~urad t.g• k1Tis 3lort~s,ye g~rsn,t,u rci Int• Lc,ar.Rer i:o anv -t~[pc+n, (.ir r~.t iota om~~eit~, (r_' Irh~+i~rartva~.~• .Piisatl tROt irs~uq,.adP•~t~ti ~~i.o telease~,
<br />in arry-• [nar+ner, ti;e I:ahilitt• of the- original Barra:rer any: I3arran<~r= ~acrr<~aar> i+~ interest. I:enrz-r sha'I nai be
<br />reuu~ed to r_ammenca })roceedings again<*. -.~rh su^cessar or refu4a to exterrel time for payment. ar otherai.<e modif.'
<br />amortization ar tl)e sums secured it}• this `tiartgagn }ty reason ai :iny demarrc't made by the original Borowet and
<br />Barrewer's successors in interest.
<br />11. Forbear(xnce by Lender Not a Waiver. ~tsy farbearanee by Lender in exercising any right or teme(iy
<br />tse_*eunder, er otherwise afforded by applicable lacy. s'trall not i>e a Yvai-rer of or preclude the exercise of any I'Igilt
<br />or remedy hereunder. The procurement of insurance or she pa\•mrmt of taxes or ether liens or .charges by Lender
<br />shalt rot be a wai•.er of Lender's right to accelerate itse maturity of rite indebtedness secured by this liortgage.
<br />i2. Remedies Cumulative. 31i remedies nrovide(i in this. Mortgage are distinct and cumulative to anv other
<br />right ur ren)edy under ibis \Iartgage or anurded by lan~ m equity, and may he exercised roneurrentiy. independ-
<br />enily or st.ecessirely.
<br />is". Successors and Assigns Bound; Joint and Several Liability; Captions. The eo\°enants and agreements
<br />herein con,€atned shah bind, and the rights lereunder >i;ail inure to, the reslrectice successors and assigns of Lender
<br />and Borrower, subject to the proY•isiens of paragr(ph 17 hereof..~ll covenant: and agreements of Borrower shall
<br />~ be joint and severai. The captions and i,c:;dings of rise }raragrsphs at tins tlortgage are for convenience only and
<br />are not to be used to interpret or define the provisions hereof.
<br />i$. Notice. any notice ro Burrower ;srorided for in this \Im•tgage shall be given b;~ ;coiling =uch not-ice by
<br />certified mail addr(ssed to Borrower :ct thc• I roperr~• ~+idress =toted betotc, except for anv notice required Sander
<br />~ paragraph I8 ?sereof to he giver. to I3mrower in rise manner prescribed by applicable Iss..~ny notice provided
<br />~ for in thin 3lortgage shall bs• (termed to have been gice^ to Borrower wf)en given in the mammy designated herein.
<br />25, Uniform Mortgage; Governing Law; Savezability. 1'Itis form of mortgage comi>ines unifarrn covenants
<br />for national use and nor,-uniform covenants with limited variations by jurisdiction to constitute a unifcrrn secu-
<br />rity iTlstrument covering real property. This tlortgage shall he governed b}• the law of the jurisdiction in watch
<br />the Property is located. In the event that any provision or clause of this liortgage or the Note con8iets t<~itl,
<br />applicable law, such conflict shalt not affee± other prac•isions of this Mortgage m• the \ote which can be given
<br />effect without the conflicting provision. and to this end the provisiona of the Mortgage sod the Nots are declared
<br />to be severat~le,
<br />Iv. Bviia~w"~cr'3 vvyy. B(ir r~i~cr' - -,-, `
<br />nltalt l;c turmisiied ei corsfornsed cop}- of i = :cio*.'tgage at itte time of execu-
<br />tion or after recordation. hereof.
<br />I7. Transfer of the Property; Assumptioa. If all or any part of the Property or an interest therein is sold
<br />or transferred by Borrower without Lender's prior written consent, uxeluding fat the creation of a lien or encum-
<br />brance sultordinate io this Mortgage, f,hl the creation of a purchase money security interest for household appli-
<br />ances, lc} a transfer by devise, descent or by operation of law upon the death of a joint tenant or (d j the, grant of
<br />any leasehold interest of three years or less not containing aTt option to purchase, Lender may, ai Lender's option,
<br />declare alt the sums -secured by this 11oPtgage to be iumrediately due and payable. Lender shall have waived such
<br />option to aceeterat~ if, prior to the sale or transfer, Lender and 'the person to \vhom the Property is to be sold or
<br />transferred reach agreement in writing that the credit of such persat is satisfactory to Lender and that the interest
<br />payabie on the sums secured by this .tlortgage shall be at such rate as Lender shall request. It Lender bas waived
<br />the option to accelerate provided in this })aragraplt I7 and if Borrower's successor in interest has executed a writ-
<br />ten assumption agreement. accepted in writing by bender. Lender shall release Borrower from all obligations under
<br />this Mortgage and rha Note.
<br />If L end?r exorci~s ouch option to accelerate, Lender shall :nail Borrower notice of scceleration in acoardanee
<br />n'it1T para~rar:h I4 _taerenf. 4uc}t notice shall provide a period of not less than. 30 days from the date the ttotiee is
<br />.mailed Ytithi.^. wisich l3orrowr=r may pay the sums declared clue. If Borrower fails to pad" such sums prior to the
<br />expiration of such period, Lender may. without further notice or demand en Borrower, invoke any remedies per-
<br />Iriitte(I 1;}' paragraph 1$ Is(~T•eof.
<br />.ti al:-i.'ti7FUtibt I~UVENA\TS. BQI'ra\vet' Rod Lende. l' IllrthCi' (`(1yeIlnnt anti aP're(t as tollau's:
<br />I9, Acceleratiosa; IiQmedies: Excepr ;~ 1.l~oYirird in lsnr~•:-~t}r!: 1? ltt-r:~of, a}ten Sorrow°er' bona€h of any
<br />covenant or agreement of Borrower in Nsis \iortgagc, including the royensnts to pay a hen due any sums secured
<br />by this \[ortgage, Leader prior £o acceleration .,hall wail notice to Borrower as }nroviiied in paragraph i4 hereof
<br />specifying: ill the brea(•h: f2i the action required to cure ouch hreaclu t31 a date, not iev than thirty day,
<br />from the date tlur notice is mailed to 13orroa~er, h}• crhicb sorb breach must be cured: and (41 that failure to cure
<br />suctt ln•each on oa• before the date specitied in thy- nut ice urxy result in acrelcrstian of the sums secured by this
<br />Mortgage and sale of the Property. If the breach is not cured on or before the date specified in the notice, Lender
<br />at Lender's option mac dcetare all of the sinus secured by this iortgagc to I?e im!nediateh• due and payable
<br />without further dentau(i and may iorerlose this Stortgage by judicial proceeding. Lender shall be entitled to eailect
<br />in such proceeding all expenses of forrclosurr, in(•huling, but not limited to, costa of ducuumntary e\•idence,
<br />abstracts and title reports.
<br />18. Borrowaia I6ight to Bsinetato. \otu•ithstanding bender; acceleration of the sums secumd by this
<br />;vloTrtAage, Borrower shall have the right. to have any proceeding. begun by bender to enforce this ~Inrtgagc (iis-
<br />continucd :t aay time prior to entry of a ju(igment enforcing this Mortgage if: tai Botta\cer pad°s Lender sll
<br />sums which would be then due under this ylortgage, the tiote an(1 motes securing Future ddyances, if any, had no
<br />aeeeleraiion occurred; fhi Borrower cures all breaches of aur• ether covenants or agreements of Borrower con-
<br />ta;^°~ in t=^=ia'4~o;a.r•°~~: (.s1 Bar?'ow°r pays aII ressona..+Ie axpense_. ine_urr~i by I:er:drr h= (°ttfurring thr ec-.fr:and
<br />sad agt•~,menta ::f Borro r2r contained in this Marfg,(c„e and in enfarcnTK Lender's remedies as urovi(ied in para-
<br />graph 18 hereof, including, but not limited to, reasonable attorney's fees; and (dl Borrower takes such action as
<br />.Lender may reasonably require to aasure that the Lien of this Mortgage, Lender's interest in the Property and
<br />Borrower's obligation to pap the sums secured by this \•Iartgage shall continue unimpaired. Upon such payment
<br />.and cure by Borrower, this R~Iortgage and the obligations secured hereby sha[1 remain in full farce and effect as if
<br />no accelexation had occurred.
<br />2iI. cytsm~snt of 8®nta: Appointtneat of &ocevsr; Lender in Fosseasioa. ~s additional security here-
<br />under, ;3arrawer hereby assigns to Lender rite rents of the Property. provided that Borro\\-er shall, prior to acceler-
<br />aiion under paragraph 1$ hereof or abandonment of the Fmperty, have the right to coiled and retain such rents
<br />as they became due and payable:
<br />Upon aeceleratiop under pa;agraph 1~ hereof. or abandonment of the Property. Lender, in person, by agent
<br />ar by ;'adiciatty appaiatett r2cev2r obeli be rrntitied to enter upon, take i)ossession of and manage the Prnperiy
<br />and to eaitect the rents of toe Froperty,inetuding those past due. X11 rents collected by Lender or the receiver
<br />shat! ~ applied ftr-t to pr~yrnent of the casts of ra>anagement of the Property and collcefian at' rcrts, inciuding, but
<br />not limited to, receiver's fees, premiums on receiver's bonds and reasonable attorney's ices. and then to the sums
<br />secured by this Mortgage. Leader and the receiver shall he tiahie to account only for those rents actually received.
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