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<br />}dang~~t I~r .~::as3ltr , f ~•zseli tstr,uil,irnrrEt,a,
<br />1,~. ~rSY;riYSWdhF: ~"f~C"t R~rt1)d&aSMd. .~ kti~.-,i~'liC,7~a1' rkl Yi'9s'I` t~IlyD1~E S'~P• ~~!'kC4~M1"ll'7,~;8}g. S9u 9'Nbf~tSgeB ~~~Lt1,44311 VN,' ~~G~l]I'ddlgll'tl"dd~t~-E71~n (J'f' ~'9k>;I~lAICI1711?S
<br />'L°'~'n4-'EY~I IlL' L}::F X1'1 ~Nt~L"~~L ~ra S1Yf!°Y'~ 1?;L' I.l'V1d~N~!' to atl-'!U• ;~O,n!_t: ',. tidy G` 1V4 7987_i'2"~e5t [YY BU'r.~3A~i.'P' °5ha11 4T~€'}t a'pk', PN1 tl' t!f3 rCfl4.°a~S4!,
<br />.n any spanner, t}se iiahiiity of •izc, arigirza': Borross-cr and Borrasvcr's :.. cars is: interest. Lender shall not be
<br />required tv camnsence praceeciingS against-=nch 5zscressor or refu=c to exterl~time for payment or aGhcrwisa modif;
<br />~.. smcrtization of the su:us secured by !Isis ?Ior•,gage by reason of anc dertanrl made by the original Borrosc•er and
<br />~" $orrower's successors in inferest-
<br />11. Porbearcmce by Lender Nat a Waiver. Any forbearance by Lender in exercising ant right or remedy
<br />hereunder. nr ofhersrise afforded by appiicab}e Ian. s}call nut be a waiver of or preclude the exercise of any right
<br />or remeri}- hereunder. 7'he procuremPns, of insurance or the 1>zy°tnznt of faxes or other liens or enarges by Lender
<br />shall sot be a sect->er of Lender's right to acce:erate the maturity of the indebtedness secured by this Mortgage.
<br />12. Remedies Cumulative. A1I remedies provided in fists Mortgage are distinct and cumulative to anc other
<br />' right or• remedy under this Mortgage ar afforded by lass- m- equity, sari may be exercised concurrently. independ-
<br />~1 ently or successis-=h~.
<br />!1 _13. Successors and Assigns Bound: Ioint and Several Liability; Captions. The covenants and agreements
<br />herein coniainerl shalt bind, and the rights hereunder shall inure io. the respective successors :md assigns of Lender
<br />and Borrawer. subject to the provisions of paragraph 1; hereof. All covens:.r and agreements of Harrower shall
<br />be joint and several. The cap!-ions and izeadings oC the paragraphs of this Mortgage are for consenience only and
<br />are not to be used to interpret or• define the provisions hereof.
<br />14. Tfotice. An-y notice to Borrower p3nvirled for in this \Iartgage shall be given by mailing such nonce by
<br />certified nsa~! addressed to Borrower at the Property Address stater! hr_losc. except for sn}• notice required under
<br />paragraph .8 hereof to 6e given to Borrower in the manner prescribed by aly;licablc lase. Am• notice provided
<br />for in this Mortgage shall he deemed to have been given to Borrower when given in the manner designated herein.
<br />15. Uniform Mortgage; Governing Law; Sevezability. This fern of mortgage combines aniform covenants
<br />Ior national use and non-uniform covenants with limited cariatians by jurisdiction to constitute a uniform secu-
<br />rii instrwueui caveriu= rest ,ru,crt-.. ",..s .`.f:,rt°. - -hall '.;. ^. ~ a !,; tl;e la;c of Ute ~ ;~,{;,.t;,,n ;n which
<br />Y b I i sug, g.,...... ~. - - -
<br />the Property is iocat.ed- In the even that any provision m• clause of this Mortgage or the VNote conflicts with
<br />applicable Iasv, such conflict shall not affect other provisions of this Mortgage or the No.e :which can be given
<br />effect without the conflicting provision, and to this er-d therrovisions oI the Mortgage and the Note are declared
<br />to be severable.
<br />16. Barrowar's !ropy. Borrower shall 6e furnished a conformed copy of this Mortgage at the time of execu-
<br />tion or after recordstion hereof.
<br />17. Transfer of the Property; Assumption.- 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, excluding (aj the creation of a lien or encum-
<br />brance subordinate to this Mortgage, (b} the creation ot- <[ purchase money security interest for household appli-
<br />ances, (ej a transfer by devise, descent or by operation of law upon the death of a joint tenant or (d) the grant of
<br />cry leasehold interest. of three years m• less not containiug an option to purchase, Lender ,uay, at Lender's option,
<br />declare all the sums secured b}• this Mortgage to be iuunediately due and payable. Lender shall have waived such
<br />option to secciarate if, prior to the sale or transfer, Lender and the person to whom the Property is to be sold or
<br />transferred re-aeh agreement in writing that the credit of such person is satisfactor} to Lender and that the interest
<br />payable on rite sums secured by this \lortgage shall be at such rate as Lender shall request. If Lender has waived
<br />the option to accelerate provided in this paragraph 17 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 the Noie. '
<br />~; Le ;air ~~,. ,,,, „.n!; .~ _ _ rs.lar~,tr> Len;ler .ch;al mat! Borrower native of acceleration in acCOrdance
<br />sills paragraph l4 hereo;~auch~notirs..hall provide a period ai oat Less than 3Cr days from the date the noti>`.e is
<br />mailed within which Borrawer may pay- the scans rieclsred due. If Borroorr fair to t?ay such suns prior to the
<br />exnir::tiort of such period, Lender may. without further notice or demand on Btrrrosccr. incakc any remrttfie~ per-
<br />mit*_ed by paragraph 18 hereof.
<br />\tr~-T'yrgpt:>tr ('()yF,t.7,;~•r- Ijn!•rn\4Cr' iintl Ieen{1£t' tllr'I.llr'i' l'f!ti'et:iint .:',:{1 :kr~rt'u ~4 Tgilf.tk's:
<br />19. ccalerKian: Re;ttedies. h:xeept ;: );rovi;lri ir; paragrapis }" hc•_af, upon Borross°er'= firra~ls of =.,}-
<br />covenant or agreement of $arrowcr in this Martgat;e, iuchuling thr covenants to pay when due any suuss sccurerl
<br />by this ilortgage, Lender prior to acceleration shall snail notice to Barroscer as provided in ptrragrap}i ld lsereof
<br />slsecifying: (.I} the breach: ~2t the action revolved to cure such-breach; tai a date, not less than ttsirri• days
<br />trans the date the natsce is mailed to Kurroscer. by which such breach nmst be ewcd; and tot tlsza faihur to curd
<br />such breach on or befan the dace sl,ecsfied in the notice rosy restdt in succlm•ation of thv ,cans ~ecuresi by this
<br />tilortgage and Bale of the Property. If the breach ss nut cure8 or, ar before' the datr specified in the notice. Lender
<br />at Lender's option usy declare al( of the suns secured by [Isis 4lartgagc w he imnxnli:ueh- due snd payable
<br />without furt}urr demand and may iorcclom this Mortgago by }udicial pruceeding~. Lender shall he cctitlcd to collect
<br />ir, suc6 proceeding nll expenses of iorrclosum, iuclurlin~, but not limited to. costs of ducun;cnsa,*_s~ evidence,
<br />abstracts sutd titlo report>.
<br />19. Boaoweis flight to Reinstate. Xohs•ithsusndin}; Lender's ;u•ceh•ration of the sums secured t»• this
<br />Mortgage, Borrower shall have the right- to have any procredings begun by Lender to enforce thi, \Iartgage dis-
<br />continued at any time prior to entry of a judgment enforcing this \lortgage if: tar Borruscer pays Lender all
<br />sums which would be then due under this \Iartgage, the late and notes securing Future Advances, it any, had no
<br />acceleration occurred; fbl Borrower cures all breaches of anc• other cocrnaats ar agreenents of Narrower ron-
<br />t;=ineir in thss A~lartgage; i:..l Borrawer pays .lit rcasanablc expenses hsetsrred by benfier in rnfan~in}t thr e-aversants
<br />and agreements of Borrower contained in this \lortgage and m enforcing Lender's remedies tts proyxle+rI in 1>ars-
<br />graph 18 hereof, including, but not limited to, reasomable attorncv's fee:: and u1t Borrower takt~s uels action as
<br />Under may reasonably require to assure that the lien of tlsis Mortgage, Lender's interest in the Property ands
<br />Borrower's obligation to pay the sums secured by this \lortgage shall continue unimpaired. I"pop such payment
<br />snd cure by Harrower, this Mortgage and the obligations secured hereby shall renraiu in full force and rffect as if
<br />no acceleration had aceurred.
<br />213, Assigntneat of Rants; Appointment of Receiver; Lender in Possession. As additional security here-
<br />under, $orrower hereby assigtrs to Lender the rents of the Propem•. provided that Borrower shalt, prior to acceler-
<br />ation under paragraph l8 hereof or abandonment of the Property. have the right to collect and retain such rents
<br />as they became due and payable.
<br />t?pan aecaleratiun under paragraph 18 hereof or ahandonn;ent of the Property, Lender, in person, by agent
<br />or by judicially appointed receiver shall be entitled to enter upon, take possession of and manage the Property
<br />and to collect the rents of the Property, including those past due. all rent. collected by Lender or the receiver
<br />shall be applied nrst io payment of the costs of management. of tlse Property and eollcction of rents. including, but
<br />oat limited to, receiver's fees, premiums on receiver's hmuL and reasonable attorncv's fees. and then to the sums
<br />secured by this Mortgage. Lender and the receiver shall be liable to account onh• for those rents actually receis•ed.
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