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not, extend r,rr postpone the slue rRate of rice: EmattAhl}• irisutihnspr-~ ce'errer,$ Ca tar paragraphs 1 and `~ he~reaf or
<br />enangc t}ae aamota,atC. of surf in~•ta]Iments.
<br />fq, Bozrower IVaI Released. Ii;;xtensitnr +~if I:~Nou+ ti~~mr~r tar pavrnerst ar araa'ucli6ir,.+atiara oaf aatnortizatiorr ttf ti~a~r~t s~~ums
<br />~ secured by t;lti "~~la.rtgiage~, granted b}• Lr:rrdet x~ut au~~ay s cs~tsscnr in interest ox 13orron•e r shall not operate to ~,re,Eease,
<br />,~ in ary manner, the liabiiit}- of tl:e original Borrower and Borrowrr's successors in interest. i.ender shall not be
<br />p~t required to commence proceedings against such sort essor ar refuse to extend time for payment or other* -ise modify
<br />amortization of the sums secured b}• this \[ongagr• h}- reason of ;tn}- demand made by the original Borrower and
<br />Borrower's successcrs in interest.
<br />® 11. Forbearance by Lender NoI a Vlraiver. .au}- ferbe.rrance h}• Lender in exerr.ising any right or remedy
<br />i hereunder. ur othensise afforded b}- applicable lei:-, -hail nor be- a waiver of or preclude the exercise of any= right
<br />or retnedv hereunder. Tire procurement of insurance or the pavmm~t of [axes or other ]tens or charges by Lender
<br />e7; shall not 6e a waiver of Lender's riglr*. to accelerate flee naaturit}- ai the indebtedness secured by this liorfgage.
<br />T`° IZ. Remedies Cumulative. :111 retnecties provide+l in this \Iartgage sre distinct and cumulative to env other
<br />right; or rentirdy under this \lortgate nr atiordest In- law nr eq;un•. and mat- be exercised concurrentl}•. independ-
<br />ently or successively.
<br />13. Successors and Assigns Bound; Ioinf and Several liability; Captions. The corcu:rnts and agreements
<br />herein contained shall hind; and the rights hercundex• shalt inura~ to, the respective successors :uad assigns of Lender
<br />and Burrower. >uhicet- to the provisions of p.aragrals{s 17 hereoi.:~ll covenants and srgrE>emeuts a? Borrower sktaH
<br />' he joint and several. •phe captions and headings of the paragraph. of this \lortga:ge arc tut' convenience only and
<br />sre not to be used to interpret or define t hr nruvisione ircreof. •
<br />14. Notice. .-ln}• r;otice to Burnmcr procidrd for m this Alarti;age Shull be given b}- mailing -ach nonce br
<br />certified mail :rdr9r.•sed *o Borrae~er ut the Propert}• -lddrocs aate~( hcloec. except for an}• notice required under
<br />paragraph IR iaercaf to be given us Bon-oacer iu thc• msuncr Inrscrihcsl In- applicable Ian. _~u~~ roticr pro~9ded
<br />for in this \lortgagc shalt he decuu•d to have heat; ;;nrn to Burrower a~iren given in tiu• maaa;rr designated hereto.
<br />15. Uniform Mortgage; Governing Law; Severability. '1'l:i- form of uortgage rombvres unifm•nt cra~,rr::nts
<br />for national use and non-uniform covenants wit la limited ~:criarious by iurisdmtion to constikuie a uniform secu-
<br />rity instrument covering real property. •t'!ais Matig,tge si:all l~s; ga=,-crned h}• the law ~?t the jurisdiction in whici~
<br />the Property is heated In the event that :ua}• provision ~.r claus> of this \Iartgage or the foie confiiets with
<br />applicable law, ;etch cunflic•t shall no: affes-t other prs~~isicuts of this \Iartgage or the \atc which <an be given
<br />effect without ttte contiicting provision, and to this emi the provisions ui the- ~[ort4age anti the ~otc are declared
<br />to be severable.
<br />lg Borrow`z's Copy. I?orrer:.. slaa!! !>~ ,....,.sl;s..± ., vo.,..,...,ed cep}- of this \lortgagc a, the. ,,.,..: of execu-
<br />flea or after recordation hereof.
<br />17. Transfer of the Property; Assumption. I; oil ar auk 1-.art of the Property- or an interest therein is sold
<br />or transferred by Borrower without I_en,I~~r ~ }srioz• writtt;c~ cc,nsent, excluding tal the creatima ot• a lien ur eneum-
<br />bx'ance subordinate to this Mortgage. lift the rre:r;iun ui a purt~hnsa~ mone}• securii.}~ interest tar household appli-
<br />ances, tcj a transfer by devise, descent ar !,}- ul>eratn~n ui lea- upon the death of a ioim tenant ur td1 the grant- of
<br />nay leasehold interest of three yr:,r~s or !e'_•> not eur;taxrr=;g ao option ro purchase, Lender mac. at. Lentlar's option,
<br />declare all the sums secured ity this ~lortgagt': w Im ruvnediatelc due and payable. Lender shall have cvaivc><i sac-h
<br />option to scceleratc if. prior to the ale ar tr3t:sfer, Lencie•r and the person to whom the P;•opert-y is to he sole ar
<br />trarstarre~i reach agrecu,ent- in writing that ti:._' c:•cait of suclr person is sutisfactor;- to Lendee urrl that the interest
<br />payalsle an the sums serttreci by this iiortgagu u:ii isc st such rare as l,euder shall request. it l.r>ndcr has n`eti>,-cd
<br />the option: to accelerate lrovided in this paragrspit 1 i ar;d if Borrower's >:;rcessnr in inr>rest has executed :n writ-
<br />ten. assuwptior. agreement accepted in a-raiing b}- Lender, Lender shall release Bcn•roa'em frurn alt obhgativeas z;ndcr
<br />this Mortgage anri t!;c tiotc,.
<br />is Lender exereiss such option te: acc~•icrate, Lender slurp aaaal Borrower ueticc of acceleration iri accordance
<br />tvrth Iaua~.apla 1§ hereof, ~tult trati r .±ueli pru~idc a Ire-vied of not Ics than 3t? ~i-t} -:err: the date the; not-ivr is
<br />mailed within ~rhich Lfun'ua-cr uts}- pay tlic• sums r_lt•cl;ircei due_ If Borroncr fads to x~~r .rtcix srtan~ }..tor to tltc
<br />expirutiou of ?ui~lr pcritki, i.ender trsa}° :,tthout tur+ht•r nutirt or >tc•m,uad on H,.rrr~~~,z~r. ins-=ak>> at:}- remedies per-
<br />mitted by pa,ragraplr is isereof.
<br />:tins-t's,tast:.~t t'nvtvn•rs, t;ryrrctwrr ;ants l,eutix>r t•nt•thcn• c•ors•uara ,unl s~tc~c~ a .>-liuq•s
<br />18. Acceleration; Remedies. lixcc!st i,s pruvulesl in p:rragr,r!,i l7 Jn•ree~i. u;,.us Purrna-crs breach of :m.•
<br />cavcuzint-araa;recrittart of 13urrua°crtn f{n., ~Ir-itga,r•. inr•Iu_iin~ tiro rotcnam• to : is ~rat~n iuv am sums erur.d
<br />b}' this \Iartgage, ht•tt~1~•r prior tv as•rrl~•ratiun Khali ucril ttutice,.tt?>~ut'{'~tHi~r=rc_. pra~'tdrsi m pa!ssgraldr I4 Itereui
<br />specifyina,: ill tltr breach; t2! ths::>etion rcyu:rosl to e•ttre: sUei)~h:vtaeh~. ~ikJ; a ihttr, nor Ir,: than thin}' days
<br />irony the date ths• nsiticc i. rnailvd to hsa~rvoe+.. h}~ n-hic6 sorb 1»•c:u•h must-Y:b~uy~.i; :ru~~ ~.1~ tl;at fsihur to cure
<br />,nch 6reuclr aaa or before tln• ds~te .prritrrsl in the ruuco may result iu areclcratiun ui fhr sums :ocurcd he this
<br />\fortgugt•:and sole a; the Yrupert_;_ Li the broach ie net cured ua: or 6eforr fire ~t:uk~ ..picitiesi in ths• notice, Gensler
<br />aG Lenders option may dachrro alt of tFe ~unr, =ecered h}' this Martt;age to be inxmi~.li:itolt' d:t.- :ur+i ptrvabli•
<br />wifdu'sut ~strther tb•rnand sad :na}' farecluac tf:is \lurtgaf;c b}• ;r,>licnzl proeeedtn~ Lender shall be enttth~st to s;ollert
<br />iu such pntceedin,; ail expenses of fe+reclustarr, nu•IaQtng_ huf trot lituitrc', to. matt ai doc,vtmrmarv vvidcnee,
<br />ahFiraets and TiYIe rcparts. -
<br />19. Borrower's Right to Reinstate. SutwNh~.anding Lender's acesderatiun of tlu~ soars secured by this
<br />4fortgage, Borrower shall have the rrglrt to ha~.•e ottay proceedings ht~tur by Lender to enforce this Morty;age dis-
<br />contitsucd at any time prier to entry of zt Indpasenr c•nfo]rcing this Murtr;age ii: ins Hut•rower pays Gender all
<br />soars which would t~ then due under thrs 1lartgago. tlm :Vnu• suasl tmtrs securing Flrturc Advances, if any. had nu
<br />acceleration occw•red; rlrl i3orrawer cures all 6rraclm.~ of any tuber cmrn:urts cn• aa;reementa of ftorruwer cwr
<br />rained in this itlartgale; la1 I#orrower pays a!1 rnazawrahic rxpeuxes iucorred hp Leude°r in t~nfurcittst the z>avt~nauts
<br />and agreements of Burrower rantained in this \lortgagc and iu t>norcing Lrnrlr~r`_. r>~m~slir_, z~~ proGiflcY! in I?az•.4-
<br />graph 18 hereof, ftreluding, but not limited to, reasonable atturuey`s (ees~ sad ids Barrawrr takes such zset-tan a.
<br />Lender may reasonably require to assure that the lien of this ,Mortgage. Lender'. interest in the Prolrtrrtr anti
<br />Borrowers obligation to pay the sums secured by thu \Iurt-gene elsall contiuur unimisairpsl- C?lwn ,uch Ira}•rncnt
<br />and cure by Borrower, this 3lortgage and tlxr obligations secured hereby shall remain in full farce and ~ ffect as if
<br />no acceleration had occurred.
<br />Zit. Assignment of Rents: Appointment of Receiver: Lender in Possession. As udditiamd security here-
<br />under, Borrower hereby assigns to I.ez.der the rents of the Properr}•, provided that Borrower shall, prior to acceler-
<br />ation under paragraph 18 hereof or abandomttent of the Property. Nava the right to collect and retain such rents
<br />as they berotne due and payable.
<br />iJpon acceleration under paragraph 18 hereof ur uhanciomnent OI the }'roperty, Lender, in person, by agent
<br />or by judicially appointed receiver shall be entitled to ~>nter upon, take posse=lion of and manvgo the Yrnperty
<br />and to collect. the rents of the Property, including those past due. all rents collected isr Lender or the receiver
<br />shall be appUed firer to payment of the rats of management of the Prupert}• aril eollcctiun of rents, including, but
<br />pat lir.:ited to, receiver's fees, premiums an receiver's baml. anti reasonable attorrt=}-'~ t~,-...end then to the :urns
<br />scoured by this Mortgage. Lender and the receiver shall he li=t6le to account onl}• roc thoso`rcnts actually received.
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