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r.i,'~..~e,lktari+ ;. ,,.+~~pL,.i€iY.~ _~:? .,~~, _Vatt .i.; ; ~u~;,• ra I,C,pr,~„;' +Yi .~, ,~.it? ru i~~ir'a'aa~l r ~ ;+_ pr __~uprh.t~ ? au..,9 1 1t.eu~, ayY~
<br />tt, tnig~ii' thi :i,tnau~~* ;;' wi..'t; i,l tatlllisa+,„,r,,;
<br />i'~ll. ;~'~crrr,?~~r Pl'raM~~fGek~erased~. F~±rt~rY~i~~•~ ~:+. -t t s='+t I as „n,hrti lit, a,i. ¢,d~~u~l,,rr,tttar + ,u~,+•~+surtl,+aa~aRla~~e+ of th~t .'„a7r~:'i
<br />secured °~ ~4~ri9 :~'1'< ^tgage g1"in.er~ 'Ire ;,c.+.1f~;• t~ra any <;lv^rt~.~o. i,:~ :. •lr.~t Ui 'Borro-~ro,r -bath rsa"t dspa,rate to rcWeas~e,
<br />.1 J ,.Y rt +:remc~t T set ena,13 ti
<br />in any iiiarinc :E 3.~~+ilit E' L`t ;t Orig;:... i~Grrat"L. ....-. I§arfa?i"f.. a-. _,.«~.. .. ... Rn4 ai 'F5e
<br />reriuire to camT;:€nce ;+raceecirgs again=*.• <ucti successor or refu~€• to ex Cnsi tit;;-~ for ;iaymeni or oh=e: ~i£e rrodtfy
<br />amortisation of ti:e sums secured 2;_,- thi- 3torigage i+v reason of cry dc.-::and l::sde by the original Borrower and
<br />Borrower's sucrr_.svrs in ;rte*est.
<br />i1. Forbearance by Lender Idat a Waives. Am• forbearance tc Lender in exercising snv right or remedy
<br />hereunder. or other•a•ist- afforded t13• a}?nlicaF,le ia?r, s}tali not tle a :vai:`er of or }~ireclude the exercise of any right
<br />o: reared; i+ereu::,ier. `l=*• l:raevreir:e=;t nl insurance oi.:lYn payrlent of taxes or other liens or c:l;arges by Lender
<br />shall oat be a wa=cl of Lender's right to accelerate the maturity of the indebtedness securesi by this Mortgage.
<br />I2. Remedies Cumulative. iii remedies provided in this \lortgage are disiinet and cumuiativeto any other
<br />right or remedy ul:der this lIartgage or aharderi hr late or equt*~. and racy ire exercised concurrently. independ-
<br />enily or s'uccessiveiy.
<br />~' I3. Successors and Assigns )3otutd; Joint and Several Liability; Captions. The cavenalTfs and agreements
<br />~ herein contained shall bind. and tine rights hereunder shall inure to. the respective successoTS cad assigns of IRnder
<br />and Bcrrocvcr, subject to the nrovisians of paragl° ph I; hereof. Atl coveuauEs and agreements of Borrower shall
<br />be joint and severztl. The i~apiione an+i headings of the paragraphs of this lortgage are for convenience only and
<br />are not to be used to interpret or define the provisions hereot.
<br />14. IAa#ice. Any notice to Borrotti~r provided for in thie \lortgage siYali be giten by mailing such notice b}-
<br />certified mail addressed to Borrower at the Propert}~ 3ddress stated below. except for any notice required under
<br />~ paragraph I8 hereof to be given to Bolrotscr ir. the manner prescribed by applicable tats" any notice 1?r~~cided
<br />for in this Mortgage shall be deemed to i:avc been given to Borrower when given in the uaanner designated herein.
<br />I5. Uniform Mortgage; Governing Law; Severability. "fl:is fornl of mortgage combines uniform covens;_*_=_
<br />for national use and nrn-uniform covenants will: ]iriited variations by jurisdiction to constitute a uniform secu-
<br />rity instruc:ei,t covering real property. Tnis Mortgage shag be governed by the law of the jurisdiction in which
<br />the Property is located- In the event that any provision m• clause of this ~lrsri.gage or the Note conflicts with
<br />applicable law-, such conflict shall not affect crt-l:er provisions ai this Alortgage or the Note tvhich can be given
<br />effect without the conflicting provision, and to this end the provisions of the !lortgage and the Note arc declared
<br />to be severable.
<br />I6. Borrower"s Copy. Borrower shall ere furnished a conformed copy of this 3ortgage at the time of execu-
<br />tion ar after recordation. hereof.
<br />17. Transfer of the Property; Assumption. If alt or any part. of the Property or an interest therein is sold
<br />or transferred bg Borrower without Lender's prior written consent. exc:uding (a} the creation of a lien or encnm-
<br />hrance subordinate to this ~torigage, i,b1 the creation of a purchase money security interest for household appli-
<br />ances, (c) a transfer by devise, descent or by operation of law 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 purchase, Lender map. at Lender's option.
<br />declare all the sums secured by this Mortgage to be immediately due aTid payable. Lender shall have waived such
<br />option to accelerate if, prior to the sale or transfer, Lender and the person to whom the Propert.; is to be sold or
<br />transferred reach agreement in writing that the credit of such person is satisfactory- to Lender and that the interest
<br />payable on the sums secured by this :1lortgage shall be at such rate as Lender shall request. If Lender has waived
<br />the option to accelerate provided in this paragraph 17 and it Borrower's successor in interest leas executed awrit-
<br />ten aasuinption agreement accepted in writing by Lender, I:ender shall release Borrower frmn all obligations under
<br />this Mortgage and the Note.
<br />if Lender exerciser such option to accelerate, Lender shat; mail Borrower notice of acceleration in accardanee
<br />t~-itli hatsgraph 1~ petrel. ?uch nonce shall {>rovide a lleriad of oat less than 30 =_!a}=s from the date th€ notice is
<br />mailed within tvhich Borrower may pay the sums declared due. If Borrower fails to pay such sums prior to the
<br />eXplratiaP. of SU.:17 per26d, Lender may. tt'lthOUt further IlOt1Ce Ol' denlalld an Borrower, iutroke any remedies per-
<br />mitted by naraeraph IS hereaf.
<br />\rY._-_i"s tcnuu !_`nt•x;vax•i•s. I;nrrnwer _ttid I1enr1P1' ful•tller r_:ncen,knt ttrirl a~ri~e as follows:
<br />I$. Aezeleratiaa; 3ze,:tedias. Excelu as pYVt;dret in paragr:i{+!+ 1~ hereaf, upon Borrawer'> hre~h oft --
<br />covenant or agreement of Borrower in this ~[ort{*age. including the covenants to pay when due any snots secured
<br />by this Mortgage, lender prior to aceclerixion ,bat] mail notice tq_Borrolv~r as provided in paragraph 14 hereaf
<br />specifying: (11 the hresch; i2) ti+e action reyuired to cure aurMt breas^h; t~ a date, not less than thirty days
<br />from the dste the norec i= mailed to Borro?cer, be tvhich such breach nttLCt'bo r•Tnrd: and t~1) that failure to cum
<br />such t3reaC}i on ar before the date :specified in il+e notice may result in accelerttion of the suuls =ecureti by this
<br />Mortgage and sale of the Property. If the breach is not. cared on or before thr date specified in the notice, Lender
<br />at Lr.ndar's option ulay declare all of the stuns secm•ed by this \lortgage to I+e inuoediateh• due and payable
<br />uithaut turt}ier demand and may foreclose this ;vlort.gage by judicial proceedin>;. Lender shalt be entitie+I to collect
<br />in such proceeding all expenses of foreclosure, including, but not limited to. costs of documentary evidence,
<br />abstracts and title reports.
<br />18. I3orroweia Righi to Reinstate. \otµ•ithstsnding Lender'. acccleratio^ of the sums secured by this
<br />ortgage, Bormwer shat! have the right to have any proceedings begun 1+y Lender to colorer this !lortgage dis-
<br />continued at any time prior to miry of a judgment enfoTeing this Mortgage if: ta+ Borreu-er pays Lender all
<br />sums which would be then due under this Mortgage, the \ote anti notes securing Future Advances, if any, had no
<br />acceleration occurred; !t>j Borrower cures all breaches of anv other covenants or agmealents of Borrower con-
<br />taineb in = h=•s'Iv:tgage; t.c-} t3orrv :°er ,.ayW all reasonable exl}ense> incurred by I ender in en€arcing the covenant
<br />and agreertiettts of Borrower contained in this 3lartgalre and in enforcing I.rndcr' remrYiii-s as provided in para-
<br />graph 1$ hereof, including, but not limited to, reasonable attot•ney's fees: and td1 Borrower takes such action as
<br />Letuler may reasonably require to assure that the lien of this \lortgage. Lender's interest in the Property and
<br />Borrower's obligation to pay the sums secured by this 3iartgage shall continue unimpaired. Upon such payment
<br />and cure by Borrower, this :Mortgage and the obligations secured hereby shall remain in full force and effect as if
<br />no >iccileration had occurred.
<br />Zl1. Asaiynment of Rents: Appoiatwaat of Hsceivar, Lender in Fosseitaion .4s additional security here-
<br />under, Borrower hereby assigns to bender the rents of the Property. provider! that Borrower shall, prior to acceler-
<br />ation under paragraph 1$ 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 paragraph l$ hereaf ar abandonment of the Property, Lender, in person, by agent
<br />or by judicially appointed >teeiver shall tn: errtitleci to enter upon. take possession, of and manage the Property
<br />and to collect the rents of the-Property, including those pasi due. 321 rents eoiiecteci be Lender or the receiver
<br />shall :~ applisd first to payment of the e~is'ts of management of the Property alld collection of rents, including, but
<br />not limited to, receiver`s fees, premiums on receiver's bonds and reasonable eTttorne- s fee-. and then to the sums
<br />secured by this Mortgage. Lender and the receiver shall be liable to account onh• for those rents actually received.
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