'1y''k
<br />not extentt ot• postpone the due rtatc of the tnontltly insi.:alimenks referred to in parmtgraphs 1. anr,I 2 hereof or
<br />change ~W'te aznaunt of sur.~Lc installments.
<br />10. Borrower Nat Released. E'xtetrsion ni the Lim<r tar paytneni or rnodificat'ion ref .~lmortizatian of the sums
<br />secured Hy this ~'forigage granted by Lender to any successor in interest of Borrower shall not operate t.o release,
<br />in any manner, the liabiiit}• of the original Borrower and Borrower's successors in interest. Lender shall not be
<br />required to commence proceedings against such successor or refuse to extend time for payment or otherwise modify
<br />amortization of the sums secured by this \lortgage b}• reason of any demand made by the original Borrower and
<br />Borrower's succesors in interest.
<br />11. Forbearance by Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy
<br />hereunder, or otherwise afforded Hy applicable lsn•, shall not be n teaiver of or preclude the exercise of any right
<br />or remedy hereunder. The procurement. of insurance ar the payment of taxes or other Liens or charges by Lender
<br />shall not be a waiter of Lender's right to accelerate t-he maturity of the indebtedness secured by this ~lortgage-
<br />12. Remedies Cumulative. All remedies provided in this \lortgage are distinct and rmnuiative to any other
<br />(~ right m• rrmed}• under this Uort.gage or afforded b}• late or equit}-, and may he exercised concurrently. independ-
<br />entry or sucressiveh•.
<br />t f~ 13. Successors and Assigns Bound; Joint and Several Liability; Captions. Th. covenants and agreements
<br />heroin contained shall bird; and the rights Hereunder shalt inure to, the respective successors and assigns of Lender
<br />~ ~ and Borrower, subject to the provision: of paragraph 17 hereof. ail covenants and agrcromenis of Borrower shalt
<br />© be joint and several. The captions and headings of tho parsgrapHs of this Mortgage are for convenience only and
<br />are not to be used to interpret or define the provisions Hereof.
<br />19. Notice. Any notice to Borrower provided for in this Uortgage shall be given by mailing wch notice by
<br />02 certctied omit addressed to Borrotcer at the Property Address Gated 6elotc. except Tor an}• notice required under
<br />~ paragraph 18 hereof to He given to Borrower in thr manner prescribed h}• spplica6lc law. Any notice provided
<br />far ir. this Afortgsge shall he deemed to I+ayc been given to Borrotwer tchen given in thr manner designated herein.
<br />15, iJsailorm Mortgage: Governing Law; Severability. 'Phi= fanu of mortgage combines uniform covenants
<br />for national use and non-uniform covenants wuiz iimitcti tariaiivua i,~ jt;ts Diction t., ...::etitute s ~±,ifnrm se~u-
<br />rity instruutenc covering real property. 'T'his \Im-tgsge sl+ali he governed by the }etc of die jurisdiction in which
<br />the Property is located. In fire event that am• provision or clause of ibis \lortgage or the Note conflicts with
<br />applicable loll-, such conflict shall not aticct other provisions of this Alortgsge or the dote w•hi~.+ can 6a given
<br />effect without the conflicting provision, and to this end the provisions of thellortgage and the Note are declared
<br />to be severable.
<br />36. Borrower's Copy. Borrower sht.ii be turnu~ed n +•onformed copy of this ~[ortgage at. the 'time of execu-
<br />tion or after recordation hereoi',
<br />17. Transfer of the Property; Assumption. ]f all m• un}• part of the Property or an interest therein is sold
<br />or isansferrr.d by Harrower without Lender's prior teritu•n consent. excluding (ai the creation of a lien or enrum-
<br />hrrurce sabor~iinatn to this Aortgage. t61 the rrr=ttta+ of a purchase n:oraoy security interest for L:ousehotd appli-
<br />ances, ! c: cz trsnster by devise, descent or by operation of lot+~ upon the death of a joiut tenant or (dl the grant. of
<br />any leasehold interest of three }•enrs or loss not contniniut; nu optiou to pttrehusc, Lender may, at L,ender's option,
<br />deelure all the sums secured h}• this \lortgage to be imu+ediatcly due anti }'?aya6le Lender shall Havr tyaived such
<br />option to cu•ccleratc ii. prior to the sale ar transfer, Leader and the }eerson to whom tl+e Property is to be Bald 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 Hy this Aiartgage shall be at such rate »s Lender shall request. Ii Lender has waived
<br />the option to aceelet•ate prodded in ti+is paragraph 1. and if Bm•rower's successor in interest has executed a writ-
<br />ten asausnption agreement accepted in writing b}• Lender, Lender shall release Barrowwer tram all abhgationa under
<br />this Mortgage and the Note.
<br />if Lender rxercises sac}c option to acicier:tte, Lender shall =nail Barrawer notice of acceleration in accordance
<br />with }:<trah,;.rtl+ L~ here.tf .,e_i+ uoti - -t.al'. } ,ut+d c= ;; tceriatt cif +a, lr=:-. ;ban 3Q da}°s Franz the elate tIt€• Holier is
<br />mailed within which f;orrawt=r u+zy psy the suns declared dec. if 13orra~tver jails to pay such stuns prior to the
<br />exp+ratiat+ of such period, Lcndcr uza}•. e~itHout turtHer nmicc ar deu+aud an LHrront•r. iny~+ke any rfn.g~i~ ~-
<br />mitted try paragraph Ls hereaf_
<br />\nr-[?stsc_c+t~t ('~+yE_~xtrs- Kca+•r~cw•~•r turn I-,Louisa' t•urtlter ctn•euant .utd tt'„~'!'vc• ate tullv~y~;
<br />18. Acceleration; Remedios. l~:x+•ept :cs to=•t t.Ir•d u+ para};raitH }": he-real, upon Itarrawe+•', t:rre~1= ?f an}~
<br />cavonant nr agn~emcm of I~Torrotcer in rhV. Atortgakr, inrhnlin}; ticv covrnants to pay ;chcn der uu} sums serurrd
<br />by tills \lurtgagr, Leudcr prier iu u~ rr!or:+r+on ~lialt u:zul uutice to ltorrnwce us practctccl :n pcu~ay;raph 14 hereof
<br />speeityiut;- it) the hrrsrh; t2t t6c acuua rrquirecl to rureueh breach', Cii zt dcth•. nut Ices tluu+ ihirl}• duyx
<br />from tHr,iatethe notice i~ mailed to lion~otter. he "hit4c sucH brruc•H must br cured', arnl cic tiro isdm~e to cure
<br />such In•rs+ch ou or brGtrc [hc date :.prc+tied n+ the notce mar msul in aceelcrution of thr sums ,ect+rcvl by this
<br />\lortgage and sale of the Property- If rile breach cs not rurrd or, or hetore rho ,late npecttied uc the noticr•, Lender
<br />czt Lender's otrtion msy declare all of the s+uus secured icy thrs \Iartgapc to tcc muur~iiatcly due and puyahit.
<br />without further demand and may forerHrse this ~lertgagc by judicial proeeedin};- Lender she!! he enhtlcd to collect
<br />iu such proceeding nil ripen=es ai iorccH+~um. inchuPmg, tent not Inurtrd tn, rose of dorumentar}• a-yidenre,
<br />absta•act,~~ and tiUc reports.
<br />18. Borroweis Right to Reinstate. \ottettHatsuding !,ender'- nceeleration ot- the sums securr~i by this
<br />R~tarigage, Han•awer steal! have thcs right to have any proceeding-s begun tn• L,cudcr to enforce this \lortgage rtis-
<br />continued at any tune prior to entry of a judgn+ent enforcing, this Aiartgage if: lay Borrower pa}•s lxnder alt
<br />sums which wcmld :~ then clue under this \lortgage, the tote and notes securing t••uture Ariyances, if any, had no
<br />acceleration vecurred; (hl Barrawer cosec alt breaches of :utv other coccusnts or agreements of Harrower con-
<br />tained iu this &Iartoa;;e tcI Harrower pay, all reasonable expr_nxt~> iatrurred 1,}° I~•+.der iu entarsntg tl:e sovenante
<br />and ag_e_ment= of uarrawer catatain.ei .t. tt.:- 1!<trtF:eF, i.,,3 =„ ec.,csreing i.r-udr-€' €entedie .. +rrtsoscleei in }rara-
<br />graph 18 hereof, including, Hut Hat littrited to, reasanuble crttcrney's lee€.; anui rd: harrower tykes such action as
<br />Lender may reasonably require to assure that d+c lien of tl+is \(ortgage, Lender's inccrest irz the 1'rapet•ty and
<br />$arrower's obligation t-0 pay the sums secured by this Alartgage -she!! eantinue ur+h++paireti. Ttlxa+ sucl+ payment
<br />and sure by Borrower, this !•lortgage and the abiigatious secured hereby shall rcurain in full tome and et~eet as if
<br />no acceleration had occurred.
<br />28. Asffigameat of Beats; Appoiatmeat of Receiver, Leader in possession. As additional securit.v hen:-
<br />under, Barrow ar hereby assigns to Lender the rents of the Property. provided that ITorrotwer shall, prior to aceeler-
<br />atian under paragraph 18 hereof or abandonment of the Properly, have the right to collect and retain such Hots
<br />as they became due and payable.
<br />Upon anceleration under paragraph T8 hereof or caHandomnent of the }'roperh•, Lender, in person, by »gent
<br />or by judicially appointed receiver shalt he entitled to enter upon, take possession of Gnu manage the Property
<br />and to collect the rents of the Property, including those }rant due. Alt rents collected by Lender or the receiver
<br />shall be applied first to payment of the costs of management of the Property :uxi callcrtion of rents, including, but
<br />not limited to, receiver's fees, prstniams on receiver's bonds and reasonyble attorney's fees. and then to the sum.
<br />_,~~,•,~,~ t.y r1.;o Mnrtgnnn T.ander and the receiver shall be iiablr to account onh• tm• those rents actuelly received.
<br />
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