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r?i;it~ €rhtt~r,t r~s~ ,.r:..ltone .tt_ ,ittt ~',i.l,. Ko~l6 rho ,rr~aa:~~ ,.i+~.rd'ist: .~ i ~a'rr.... ~:r ir'i a i;,;t,.;IF, ! ,~wn~.~dl ~ ,,a,,.:o? ry,.
<br />of°~u~~~iFg~~s [:,~.. amil~un7, of ~.,,s"~, .+, rt,:r~Ca'~kl4itl,e*,~,~T.~ui~
<br />lflh Bwrtraat•erNctR~eH~~x~d,~ l,Ftr:e~una,i~~t. ,e7 flair ~tiii ~i tai },as} r~.¢.# v'~t;~~ atittalr.urat, tr,. r,,: ;r,irtao. t~r,.ls~,;= ~,t t'hi...ta.a.as
<br />sFeurao nv this ~ofortgage :a.u~te,I ~hI I u'r.~u~c~r tv a :..~- r-~ur,t ~+.tr i . s tx re:.:t ~:; ldcr*_ot ~ ±Gu~~mllt °?wt o~fcr°a*.e to rel~u;~e,
<br />?n any .... %+•e tiattiii± of tk,e anginal Iiorra,r_. a?td Borrower= _,~rr F==ar- ;,_ tntfret_ Sander shall not. be
<br />required~io co~imence Itraceerlings..gatt._~ ;.....:..c~e;s:,r ar rrfu _. _e Lxte......,_ . r pay met.t r,-r other~;sc metiisy
<br />atnortizatian of tine sums secured by this ?Irrt7ase i,y teases; ai any demand made tt;° the anginal Borrower and
<br />BOrrai: era sllCCe5:3r5 Fn cntefest.
<br />1I. Forbearance by Lender Nat a Waiver. Anti- for6eacattce ity Lender in exercising any righi or remedy
<br />hereunder, or athenvise aPiorded b}• apFSlica ,ie lain. <hall not be a ~.a~aiyer of ar preclude the exercise of anq righi
<br />or remedy :-er<-..,r.,ler. The procurement of insurance ar ti:c isayrncnt of ?axes or ether Iiens ar c6tirges h}- Lender
<br />~. shall nutre a .r<ic=er of Lender s right tc accsl?ra[e the n,aiuritz- of rite ;ndebii'dness s~eurflr by r_bi=__ 3iortgage.
<br />'"r l2 Ra:nedies Cumulative, All remedies provided in tHi.. Mortgage are oils±inct and cumulative to anc other
<br />right. ur remedy under this _lortgage or afforded by lac, or rquh}~, end rna}~ I,z• exercised ca=.~3currentIy. independ-
<br />ently yr euccessi°rely.
<br />~ ~ l3. Successors and Assigns Bottnd; Joint and Several Liability; Captions. 'PHe co.'eitarts anc: agreements
<br />herein contained si?all bind, and the rights Hereunder..sltait inFtre to. the resperttvc successors :sstri assigns of Lender
<br />g and Borrower, subject t-0 the provisions of I,a?agraph 1; hereof. All covenauts ann agreemc-t?tom of Borrower :.hall
<br />f ~ be joint and sereeat. The captions and headings of ate paragraphs of this Mortgage are for cc,nvenience only and
<br />~ are notto be used fo interpret or define the proyisiou< He eof.
<br />~ l4. Notice. Any notice to Borrower troyided for s:: this \lurtga isali he loco by tnailin ueh notice by
<br />t g'--'` g gs
<br />rert.ified mail addressed to Bortrow•er ut the Yropert~~ Adcires~ =rated iteloty. <•xcept far env notice required under
<br />paragraph 1$ hereof to be given to Borrower in the manner }ur=trilled l,} applicable law. An}~ notice provided
<br />t"or in this ~fort.gage shall be deemed to have i~een gn'er. to Borrower when given m the manner designated ha~rrin.
<br />l5. uniform Mortgage; Governing Law; Severability. "I'Hi> torch of sunrtgage combine.<, uniform covt•n~enis
<br />for national use and non-uniform covenants with limned variations by ius•isdiction to constitute a uniform secu-
<br />rity instnnneni covering real property. This Mortgage shall he governed by the law ut the jurisdiction in whit..
<br />the Properly is looated. In ti?e event that any provision m• clause of this lfortgsge or the Note conflicts with
<br />applicable la'a~, such conflict shall not affect vt6er previsions of this \Iurtgage or the '_~rote which can be given
<br />effect without rho conflicting provision, and to this end the previsions of the Mortgage and 'the iti`ote are declared
<br />to be severable.
<br />ls. Borrower`s [:opy. Borrower shall be furnished a carfm•med co1e of this Mortgage at tl?e time Of eX¢CU-
<br />tion or after recordation hereof.
<br />1T, Transfer of the Property; Assumption. If ati or any part. of the Property or an interest therein is sold
<br />or transferred by Borrower without Lender's prior written consent, excluding (a) the erection of a lien or encum-
<br />brance subordinate to ibis \Sortgage. (bI the creation of a purchase monec security interest for household appli-
<br />ances, (c) a transfer ny devise, descent or icy operation of law upon the death of a joint tenant or (d) the grant. of
<br />any leasehold interest of three years m• less not containing an option [o purchase, Lender may, at Lender's option,
<br />declare all the sums secured by this Mortgage io be iuunediately due and payable. Lender shall have waived such
<br />option to accelerate if; prior to t}te sale or transfer, Lender and the person to wl?um the Propertc is to tx sold or
<br />transferred reach agreement in writing that the credit of suc6 person is satisfactor}- to Lender and That the interest
<br />payable on the sums secured by This Zlortgage shalt be ai sucH rate as Lender shall request. If Lender has waited
<br />the option to accelerate provided in this paragraph 17 and it Borrower's successor in interest Has executed awrit-
<br />ten assumption agreement accepted in •.vriting 6}• bender. Lender shall release Borrower from all obligations under
<br />this Mortgage and the Note.
<br />If Lender exercise; such uptian to accelerate, Lender shall tuail Borrower natfce of aeceierativn is aeevrdsnee
<br />=.i*!t • -grip ;^-- 11 hereof. , ,ci, notice sl;all prvri-.i,~ a period ui not less than 30 da_~s frvn? the date the notice is
<br />mailed within Gvhich Borro;+~er may 1>ay the runts declared due. Ii Borrow•E•r fair to pay such sums urior to the
<br />expiration n{ suc6 period. Lender may. without turther notice or demand on Borrower, invoke any remedies per-
<br />mitted by paragraph 18 Hereof.
<br />~o>v-L°stt`otsnt f'ovFivnsxs. Korrvw'er .end bender further covenant and ag•rce as 1'oilvws:
<br />ls, atF-~iG.afi~n. Qam~~. inixi" ; - „~r„i,l,.yl is: },~,. _ •,tlt }: t;f=rE=of. ;,,inn Bcarrv.~•er'_ ;_,r:,,:ci; vi a .
<br />covenant or agreement of Borrower m tius Murtgago, including the covenants to pa}• when due any sums secured
<br />by 'his Mortgage. Lender prior tv acceleranon shall mail notice to Borrower as proci,hsi in paragraph t4 hereof
<br />soecii}'ing: tlI the !~reacln ±2s the .tc•tion required to care such breach; t3) a date, hat less t6sn thirty data
<br />from the r{arc the norre~ i~ wailed to 13urrowcr. by :vbicis such hratch usust be cured: surd ~4i that faihue to care
<br />.ueh breach on or befuri• ate date specified ;a t!?e notice ;tray result in acceleration of the= stw:= <trur~d by this
<br />titortgage and sale of the Property. ti the breach is not c°ured on or before the bate specified in the notice, Lender
<br />at. Lender's option way declare all 01 the sung secured by this Mortgage re be imntediatciy duۥ and payable
<br />without further demand anti may fot•eelose tots ~lortgagc 6c judicial proceeding. i.ender shxli be entitled to collect
<br />in suc6 proceeding sit rxi,cnses of fonclusurc, including, but not limited te, curls of dw•:unentarc ,~ndrnee,
<br />abstracts and title reports.
<br />19. Boaower's Right to Reinstate. Votwithstanding Lender's ucceleratiou of the soots secured Ito this
<br />>tortgage, Borrower shall have zhe righi to have auy proceedings begun by l,encier to enforce this ~iertgage dis-
<br />continued at env time prior to entry of a judgment enfo)•cing this Mortgage if: tai Borrower pays Lender all
<br />sums which woald lte then due under this Mortgage, the tiote and notes securing Future Ade•arces, if am•, had no
<br />acceleration occurred, (bl Borrower cure.. all breaches of any odser covenants or agreements of Borrower con-
<br />t~i^°_r? in thia'livrtg-ge; ic? Borrower pays ail traaonablc expenses iatcurred by bender in cnfaming the covenants
<br />and agreements of Bvrraseer contained in thin 1Iorti;age and itt enforcing f.endcr's comedies as provided itt para-
<br />grsph 18 hereof, including, but not limited to, reasonable attorney's fee-~: and idi Borrower fakes such action ss
<br />Lender may reasonaltly require to assure that the lien of this Jtortgage. Lender'. interest in the Property and
<br />Borrower's obligation to pay the sums secured by this Mortgage shall continur unimpaired. upon such payment
<br />and cure by Bosower, this ASortgage and the obligatiots secured hereby shad remain in foil force and effect as if
<br />no acceleration had occurred.
<br />20. Assignment of Rents; Appointment of Receiver; Lender in Fossessioa. As additional security here-
<br />under, Borrower hereby assigns to Sn.nder rite rents of the Property. 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 ouch rents
<br />as they become due and payable.
<br />Upon acceleration under {tsragragh 18 hereof or abandonment of the Property, Lender, in person, by agent
<br />or by ;udicially appointed receiver shall he entitled to enter upon, take Itoxses€iun of and manage the Property
<br />and tv collect the rents of the Property, including these past due. All rents eollerteci by Lender or the receiver
<br />shall 1~ applied first to payment of the costs of management of the Property and collcctiou of rears, includutg, but
<br />not limited ±a, receiver's fees, premiums on rceeiver's bonds and reasonable attorney's fees. and 'then to the sums
<br />secured by this i<fortgage. bender and the receiver shah he liatae to account onh• for those rent. acusalh• received.
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