'rltul: w.Kt,w~V:di G:~ ,,~.~..I',}~n'rtaa,~, slue ~~:e ~: '.. i.-+:-7a, ..., . ,-. -°~r..~.; .- .~-. „r:,w~,i'.- t a.._ 1 G~~i3._r~ui: a:r
<br />~."~~ht~6lNga 'Fs' ~~....._.,~.nt t7.9 s,+aci,v i7 r~ial!...e~~.t.-
<br />iU, Bu!rr~Ca~«°ie•;Wgo; ECeitras~rzi• €xi.~rt..rtir.. a: ,t raL; ,u. „-g u..ri,f~. ;: r7~n....:rcai: r,, ~,..iu. er..zactaW rri ~i~:,lFic rsrszs
<br />~i~~,9~r+ r.6 ~~ ~lir~~ ~ii«~,rt} atf;e ~r,~r~d.erl lk:- Ler.3<a tr, anl~ .~, ~~~~-:or , ,.:hnrPSS a~G ~rr_ -µ_ r,3al~l~ +.~~ ar,ersx~ :ra re~'f~s,=.
<br />in Tiny t:ianner, the- Iiabilify of the arigiral I3vrra~•es anti Ban•v:vEr'= -~cce=Bars .. interest.. i.ander shal'1 no; be
<br />required fa commence g>rvicee<iings again=+ suc•l+ su=_•tc~s+ur yr refus._ to extrr:d tithe ,r payment. or atfierwi::e modify
<br />amortization of the runts secureei by this .Mortgage .,}- reasrse as am ciesnsnd ;r,auc= by t'rc arigina? Borrower and
<br />Bomar, er's successors rn interest.
<br />Ii. Forbearance by Lender IVot a Waiver. arty ;orbearsrtce by Lender in ex=_reising any nigh.*, ar remedy
<br />fereunder, or athenrise afforded by applicable law, =ital. eat nc a tvairar of yr preclude the exercise of any right
<br />or rcn:edv } ereunder. ';'ite procurement of insurance or the payment ai trios ar ether liens or charges by Lender
<br />yy~~ shall :sot be „ waiver of Lender's riche to accelerate the maturti~,~ of the irdebtedrseas secured by this \fartgage.
<br />~" I2. Reme3ies Cumulative. 911 remedies provided in this Mortgage see *?istinet and e-.rmniativo to any other
<br />right ,r reme<it_ ande.• this Mortgage yr afforded by lalt• ur egaity. and may be exercised concurrently. independ-
<br />ently t;r =uceesrvel.
<br />Q'! I's. 5u~cessors and Assigns f3auad; Ioint and Several Liability; Captiana. The ea~•enants and agreements
<br />~' i~erein tor.*_ained shall bind, and *.he rights hereunder :hail inure to. the respective success+,rs and assigns ai Lender
<br />and Borrower. subject tv the provisions of paragraph F7 hereof- 911 corenants and agreements of Borrower -hall
<br />` be joint and ,rt era .The cap*_.ions and headings of t?++~ paragrap}ts of this \Iorgagv are for r_onvenience only and
<br />are not to be used to interpret or define lire provisions herevi.
<br />14. Notice. 9ny noticE tv Borrower provided fm~ ir. this llartgage <irall be given by mailing such notice by
<br />certified roof? addressed to Harrower atthc Pronert~• 9eidress stated below . except for any nor-ice required under
<br />paiugrsph lg hereof to be given ro Borrower in the ;Wanner prescribed by aphlieal;lc lrty. 9ny notice protiided
<br />for in this AIvrt~sge snail he deemed to have been given 20 Borrower when giretr in the :canner desigrstetl Hc•;*~in.
<br />I5. Uniform Mortgage: Governing Law; SeverabiL+ty. This farm of mortgage combines uniform gave::ants
<br />for national :.'e and non-uniform covenants with limiicd variations by iurisdietion to corstitute a uniform seou-
<br />rity instruntc;~t covering real property. This 1Iortgage shall i>e garerrieti by the ?air of the jurisdiction in which
<br />the Property i; located. In the event that. any provision or clause of thisliortgage or 'the Note conflicts with
<br />applicable Is~,v, such conflict shall not sffect ether pinrisions of this _livrtgage or 'the dote which can be given
<br />effect without *.he conflicting provision, and to this end the urorisions of the Mortgage and the Note are declared
<br />to be severable.
<br />I&. Borro:ssr'a Copy Borrower shall be f+.:rnished a conformed copy of this ~iertgage at tho tiros of exet;::-
<br />rion or after recvrdatior: hereof.
<br />iT. Transfer of the Property; Assumpfion. If all or any part of the Property or an interest therein is sold
<br />or transferred by Harrower without Lender's prior written consent, excluding (.ai the creation of a lien or encum-
<br />brance subordinate to this \iortgage, th) the creation of a pirechasc money security interest far househcld appli-
<br />ances. tcj a transfer b}~ devise, descent or by operation of fan- upon the death of a faint tenant or id i the, grant of
<br />any leasehold interest of three years or less not contaiairg an optier. to purchase, Lender may..tt Lender's option,
<br />declare all the runts secured by this Vior`tgage to by itnmedistely duc and payable. Lender shall have waived such
<br />option to accelerate if, prior to the sale or transfer, Lender and tltc l;erson to whom the Property is to be said ar
<br />transferred reach agreement in writing That the credit of such person is satisfactory- to Lender and that the interest
<br />payable on the Burris secured by this 1lortgage shall be ai 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 s wrii-
<br />ten assumption agreement accepted in writing by Lender; Lender shall release Borrower froth al[ obligations under
<br />this iviortgage and 'the Noie.
<br />If Lender exercises such option to accelerate, Lender shall utail Borrower notice of acceleration in aocordance
<br />with paragraph I4 hPreoi. ~ue!i notice s?tali provide a period of rot leas than 3Q clays front the data the notice is
<br />mailed within which Borrower inay pay the sums declared due. If $orrower fails to pay such sums prior to the
<br />expiration of such period. Lender may, without funkier notice or demand ou Borrower. invoke any remedies per-
<br />mitted by paragraph Ib hereof.
<br />\'o:~-L~trou~t C'ovexnams. Borrower and Lender further covenant. and agree as follows:
<br />i$. Accel$zation; ilsmed}es, Pxccpt~s l;rot~id+-<l in l,,srasr;tl>h I: h<~rr•vf~ upon Borroct•~r's hrear~h of arty
<br />cvyenani or agreement of Bvn•awer in this Mortgage, including tl+c covenants to pay ~t9ten duc any sums secured
<br />by this \Iaetgage, Len er Itrior to acceleration shall mail notice tv .Borrower as provided in paragraph 19 hereof
<br />specifying: f1~I the breach: i2r the acUOn required to cure such breach; tar a date. not less than thirty days
<br />from the date the notice is mailed iv Borro•,cer. I,y which such Irrenclr must be cured; and i~tl that failure to cure
<br />such breach on or before the date specified In die notice airy result in acceleration of th+: Burns secured by this
<br />~Sortgage and care of the Yroperty. if the. breach is not cured vr. or before tl+c dace specified in the native, Lender
<br />at Lender's optiar, may declare all of the Burn. secured by this Mortgage to he immediately due and payable
<br />without fart-her deinaad and may foreclose this \iortgage by judicial proceeding- Lender :hail be entitie+i to collect
<br />in such proceeding al] expenses of foreclosure, including, fiat not limited to. cost; of +.iocuntentan• evidence,
<br />abstracts and title reports.
<br />19. Borrower"s Right to Reinstate. \vtwithstanding L.ender's acceleration of the runts :ecured by this
<br />~•Iortgage, Borrower shall have the right to have env proceeding: begun by I.endcr to enforce this liortgage dis-
<br />canBnued ai shy time prior to entry of a judgment enforcing t-hie Mortgage if: car Barrotver pays Lender all
<br />sums which would be then due wilder this Slongage, the Note and notes securing Future :ldrances, if env, had no
<br />acceleration occurred; (b} Borrower cures a?i breaches of any other corenants or agreements o! Borrower con-
<br />~irt~ in t~.~ir "#ia.*tgage; (ul Barracver psys all. reasonable expenses incurred by Lender in en€arcing the ;*ayenant~
<br />and agrc~ments of Borrower contained in this Mortgage and in enforcing I.cnder ~ routed}es as provided in pars-
<br />- graph i$ hereof, including, but not limited to. reasonable sttorney's fee: ; and +dI Borrower takes such action as
<br />Lender may reasonably require to assure that the lien of this 3lort-gage. Lender's interest in the Property and
<br />$Drtower's obligation to pay the sums secured by -'this iiortgage shall continue tmimpaired. Upon such payment
<br />and cure by Borrower, this :4iortgage and- the obligations secured hereby shsil remain in full force and effect as if
<br />no act~Ieration hail occurred.
<br />Zti. F~asignmsnt of Raa+ts; Appointmsat of Receiver; Lender in Possession 9s additional security here-
<br />-- under, Borrower lteirby assigns to Lender the rertis of the Property: prom}ded that Borrotti°er shall,-prior to acceler-
<br />ation under paragraph IS hereof ar abandonment of the Property, have the right to collect and retain such rents
<br />as they become due and payable:
<br />- Upon acceleration-under paragraph -IB-hetenf or abandbnriient of the Property, Lender. in person, by agent
<br />or by judicial}y appointed receiver.. steal? I+o- entitled to°ezrter upon. take possession of and manage the Property
<br />and to collect the rents of the Property, }neltsdiiig-those Bast due. 91l rents collected by Lender or the receiver
<br />shall be appii~f prat to payment of the-costs of. management of the Property anti eollectivn of tents, including, but
<br />not limited to, receiver's fees, premiums on receiver's bonds and reasonable attorne•; s fees. and then to the sums
<br />secured by this :vfortgage. Lender and the rece}ter shall Ile liable to account only for those rents actually received.
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