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etr e:~s,l,rix~a ,tt~ p..t~,,•t,tni.~ tP:e~ ,lue dot- trt !IiFra ':i++u~id:hiiv ,ni d1o11ruiarE. Eaa~ret.ri afro :ra, pn~air.tg~,raplain 1 ~axru~i M rt~+.rrw~o6 a~='
<br />eh u~z,rr> tJiz ~rarrto~ t~tk a~Rf t~tar,_ 7.?ntalit~tP+ifis
<br />I€I. B,nrtzawezl^lot,&E'elenwsed. Ex9renisiu~rs,ti~~r ofl ~ki~}.~tr tiro s~ !lo~ir gs~a}attetttl: ~anr m~xlhii~i~~iucal6iown asi' amrt"rrt~tvaation fsf tl}Ie s~,u~utru~s
<br />sec'ipp~rrxl ~°I ih:-li„ ntc~ rtgage ~e;inar.~teid },} I„eti~si,~a~r tar utituy -~r~orulrsa,~~crc' 87~t 6'o-~P~erk:St ItT :Sdirrrimrcmr2 «haihV rrtrt a~T~nerat~e ti,t reiTes~s+:,
<br />in ar,y nantter, zi;e Liability of the original Borrower and Ba7rower'.= successors in interest. Lender shall rat be
<br />re~uir~' t^ co7nn3+tence 1;.*ocew.Iings against =ucit s?accza:or or rEiu=c tr1 extend time for payment or otherwise modify
<br />amortivatien of the sums secured in' this Mortgage l,v reason of anti- demand made EIy the original Borrower and
<br />Bo7•ta:ver's su,ae: so7~ in inierost.
<br />11. Fozlsearance by L,eudez Ptot a Waiver. try forbearance l7y bender in exercising any right or remedy
<br />here+~nder. or otherwise arorded b}• applicable law; shall not be a waiver of or prec}ude the exercise of any right
<br />or retread}• }> :reuncier. The procurement of insurance or the payment of taxes or other liens or charges by Lender
<br />shall not i;t; a waiver of Lender's right. to accelerate the maturity of the indebtedness secured by this ?rortgage.
<br />i2. Aeatedies Ctamulative. :Lll remedies provided in this ~icrtgsge are distinct and cumulative to any aches
<br />right er remedy under this Mortgage or afforderi by lair or squire-. and tnay be exercised co7tcurrenely, independ-
<br />ently ar soccer iveiy.
<br />13. Successors and Assigns Bound; Jainf and Several Liability; Captio7ss. The covenants and agreements
<br />herein contained shall bind, and the rights hereunder shall }Wore to, the respective successors snd assigns of Lender
<br />and Borrower; subject to the precisions of paragraph 17 hereof. all covenants and agreements of Borrower shall
<br />he joint and several. The captions and headings of the paragraphs of this 1ortgage are for concenienee only and
<br />are not to be used to interpret or define the provisions hereof.
<br />14. No4ce, testy notice to Borrower provided for in this Alortgagc sbult be given be mailing such notice by
<br />certified mail addressed to Borrower at the Yropert}• address stated ht•losc, except for a7n- notice required under
<br />paragraph 18 hereof to be given to Borrower in the wanner prescribed b_v applicable law. 9nv notice provided
<br />for in this _sTertgage shall he deemed to hate been given to Borrower when given in the manner designated here-iu.
<br />15. Unifarnz idortgage; Governing Law; Severability. This ferret ui mortgage combines uniform covenants
<br />for national use and non-uniform covenants with limited variations b}• jurisdiction to constitute a uniform secu-
<br />rity instrument eavering real property. This Mortgage shall be governed by the late of the jurisdiction in which
<br />the Property is Located. In the event that. any provision or clause of this Mortgage or the Note conflicts with
<br />applicable law, such conflict shall not affect other provisions of this \lortgagc or the Note which can be given
<br />effect without the conflicting provision, and to this end the provisions of the Mortgage and the Note are deelsred
<br />to be severable.
<br />Iv Ba .owai ~^,.^py. Barra:aer shall l:e furrisi:ed a conformed copy of this Mortgage at the time of exs~u-
<br />tion or after recordation hereof.
<br />I7. Yransfer of the Property; Assumption. If all or any part. of the Property or an interest therein is sold
<br />or transferred by Barrotcer without Lender's prior written consent., excluding (a) the creation of a lien or encttm-
<br />branee subordinate to ibisl4ortgage. (ht the creation of a purchase money security interest for household appli-
<br />ances, (cl a transfer by devise. descent or 6y operation of lase upon the death of a joint tenant or (dl the grant of
<br />any leasehold interest of three years or less not containing an optio^ to purchase, Lender may, at Lender's option,
<br />declare all the sums secured by this iblortgage to be inunediately due and payable. Lender shall have waived such
<br />option to accelerate if, prior to the sale or transfer, Lender autl the person to whom the Property is to be sold or
<br />transferred reach agreement in writing that the credit of such person is satisfacton• to Lender and that the interest
<br />payable on the :;ums secured by this Mortgage shall be at such rate as Lender shall request. if Lender has waived
<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 b}• Lender, Lender shall release Borrower from all obligations under
<br />this RZortgage and the Note.
<br />If Lender exercises such option to accelerate, Lender shall tuail Borrower notice of acceleration in accordance
<br />with oaragraph 14 hereof. 3uclt notice :hall provide a period of not. leers than 30 days from the date the notice is
<br />mailed within whieta Borrower may pay the sums declared due. Jf Borrower fail= to pay such sums prior to the
<br />expiration of suc}t period. Lander rnay, without further notice or detttand oat Bortower, invoke any remedies per-
<br />mitted by paragraph Ifs hereof.
<br />.~t7I3-iT ^i7FOtt Ai t,itt'£. tr'Ati 7`ti. I30r1'aw'i'7' And J.e71dt•1' tl7 rtlie2' i`OVrniint a77d at; i't F' a~ ti711aw2;:
<br />I@. AcaeTeratioa; Re7raedies. Except as provided is paragraph 1? 6creof, upon Bortosver's hreaeh of any
<br />covenant or agreement of Borrower in ibis ttartgae;c, including tint: covenants to pay when dale any aunts secure:i
<br />by this Mortgage. Lender prior to acceleration sh.711 retail notict to Bon-owrr :ta procidc,l in paragraph 14 hereof
<br />specifying: I11 the breach; c"li the action required tci cur'c uch larcacG; t:3t`~a date. not less than thirty days
<br />from the date the notice i~ uaailed to Borrower, hr schich such bt'cuL u7ust l~. cda:;t~l: and !lt that failurr to cure
<br />such breach nn or before the dale sprrifteu in thc• notice may result in :iccclerstion of the scuts secured by this
<br />Aloregage and sale of the Property. if the breach is not cured ntt or before the date specified in the notice, Lender
<br />at Lender's o}>tinn may declare all of the sums secured hr this Mortgage to he inuuediately due and payable
<br />svithaut further demand and may foreclose this \fortg:Ige by judicial procvedin=. Lender shah be tniitlec} to eoilect
<br />in such proceeding all expenses of fomclosurc, including. teat not Limited to. costs of docmnetttary rvidence,
<br />abstracts and fide reports.
<br />1A. Borrowers Right to Reinstate. Xotwithstanding Lrnderb acceleration of tL. sums secured by this
<br />Mortgage, Borrower shalt have the rig}tt to have any proceedings Ilegut7 It}• Lender to enforce this \lortgagc dis-
<br />continued at any time prior to entry of a judgtaent enforcing this \lortgagc if: tai Borrower pays Lender all
<br />sums which would he then due under this Jortgage, doe Note and notes securing 1<•uture Advances, if any, had no
<br />acceleration occurred; tb) Borrower cures all brearhes of an}• other revenants or agreements of Borrower eon-
<br />tsined in this Mortgage; (cl Harrower pays all teasonable expenses inrurrivi by Lender in enforcing the covenants
<br />and a)~reements of Borrower contained in this \lorteage and in enforcing Lender'. remedies as provided in para-
<br />graph 1H hereof, including, Uu# not limited #o, reasonable attorney's fee; :and ;clt Borrawix takes aueh action as
<br />bender may reasanabIy require to assure that the lien o: this \lortgagc. Lender's interest in the Yroperty and
<br />Bormwer`s obligation to pay the st77ns secured hp-this ~:Iortgtage shall continue unimpaired. L?pen such payment
<br />and sure by Borrower, this \Tortgage and 6he obligations secured hereby shall remain in full farce and effect as if
<br />no st•~Ieration had occurred.
<br />2t1. Assignmeat of Rert#s; A~vw~tment at Receiver; Leader in Posaeasiaa ~s additional security here-
<br />under, Harrower hereby assigns to Lender the rents of the Pmpet•t}•. provided that Borrower shall, prior to acceler-
<br />ation under paragraph 18 hereof or abandonment of the Property, have the right to collect and retain such rents
<br />as they t7ecome due and payable.
<br />Ivpon acceleration under paragraph 18 hereot" or abandonment of the Property, Lender, in person, by agent
<br />or by judicialtp appointed- receiver shall be e7ititled to enter upon, take possession of and manage the Property
<br />and to eol}ect the rents of #TIe Pmpetty,.inetuding those nest due. All rents coltected by Lender or the receiver
<br />shall he applied first to payment of the costs of management of fhe PI»pertp and collection of renis. including, teat
<br />not limited ta, receiver's fees, l3remiums an receiver's bonds and reasonable attorney's fee::. snd then to the sums
<br />secured by this Mortgage. Lender and the receiver shall Fx liable to account only it nose rents actualh' revel ~ ed.
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