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<br />i_J.}•`~.° r I. ,xi!m~~ao.x.ir.41 at ~,rk.a } -.:.!.r.l.vz
<br />lfl f9gtrrow,ea• Ihlrrl'Sle~llaiased r x ~ ! r~ ~ i ~a ,=a i ii t - -girl ~ i n, 2a r,itr, iwt, m,iN+
<br />~I
<br />II, ~.
<br />~~tw~~urrtS ~~~'"k,,h~~uei 1~'Irrt . -+^ f.-u~.~,i o....,,e _su.t ~,ia ~,.~,,. ,.~ .ii .r_= ~. ~.,.~m • - ...u.. ., 3; :. r,:.saata.~:~~~.
<br />~ iti anS n.ar,I:e'r", Y.he 1:a~:.'rt, a. "glee tr3$sna= BorrtfilS'r•.- :s...,, is.,.. ,.i x~°,- err ;.--'--r7~ ,:-t._rf^-'1.. s, .r3v;• =.Y:axi i:f7t~ ~~e
<br />ret}ujred to cGiui_,._rrCe praceeiiings:rgan:-r : ~-:. :, irre_.=ar ur r; f- _ r x..rr v; - ,e ;rr i;a.mY*; s. °re.,.~~ mod:i.-
<br />;,mar-_iza:ion of the sus,; secured by ti3i> ? largas_=, ' r+:a=rag; r,..a;_- ~Ierr•~en•3 n~a.€~ : - *,a ar~:s3al Brrrvwer and
<br />Borrower`s successvrs iir interest.
<br />11. Forbearance by Lender Not a Waiver. :33.v farirearane~• .;.• i.errier ire exerej~ir:g sine right yr remedc
<br />'_„ hereunder, yr vtherwisa afforded E,p :r;flaiicsble lain. ehali nx 'sh~; a =s:ai:•er of ur ,>rer_lu8e the exercise of an, right
<br />or renierf? here~ande>. The procareenent vi insurance ar *ire payment of taxes ar other liens ur charges by Lender
<br />-f; shall not be is waiver of Lender's t•ignc tv accelertte fire maturicr of ilre inde?itedness secured br this Zlaitgage.
<br />12. Remedies Cuaruiaiive. ~11i remedies I~rotidecl it: ri!is :.iortgage are distinct and cumulative to any other
<br />right. or rerneclp under tj;is lfortgage or at?orded h}- la.r or erlui.r. sn+j n:at E,o exercised cvrrurrently. independ-
<br />ently cr successively.
<br />l3. Successors and Assigns Bound: ;Dint and Several Liability; Capf;orrs. Tire cotenants and agt•eementc
<br />herein contained shall bind, and the rights hrreuntfer sjtali inure ta. the respeetite successors and assigns of Lender
<br />and Borracver, subject to the provisions of paragraph I" ;rer,>oi. _1I1 cotenan*.= a-rd agreements of Borrower shall
<br />~ be jornt a3ad seterai. The capfians anrj Iscadiug- vi the lraraerii,hs o; this llar•tgage are fur canrenience anlp and
<br />are not to be used to interpret ar define the pratisja!i= f3errai.
<br />19. Notice. ant notice to Borrower provided far in this Mortgage -hail be ,~iten by n;aiting cuc;r notice br
<br />certified .nail addre>sed io Borroter at the Property 3ddre~s s*_ated beloic. except for anc° notice required under
<br />paragraph 18 f3ercof to be giten to Borrotc~~r in the tanner prescribed f+}- applicable tau. ant tiatice prodded
<br />for in thi= Mortgage si~sil he demand to hate been giten to Bmror,~c€ ;then ~S:-en in the. manner designated herein.
<br />15. Uniform Mortgage; Governing Law; Severability. 'T'his font! at' ;:rortgage combines uniform cotenants
<br />far aationaj use and non-uniform eorenanfs tvitii limited tariations irv jurisdiction to constitute a uniform see~-
<br />rity instrumem cotering real propertc. This Mortgage shall i,e goterned b}• fhe laic of the jurisriictien in .t>_~c}
<br />the Property is located. In the crept that any prop°isian ar clause of this ~'tortgaae or the ;tiote confljcts with
<br />;g applicable lav:. "rch conflret. shah net affect other pralisions of 'this \lorfgage or the Note which can tae siren
<br />effect n•ithou::: ~• ranf3icting protisien, and to this end the prvtisions of the Mor±gage and-t.he Rafe are declared
<br />to be severable.
<br />16, ~grrgvrer ~ ~gpy. Bnrrnwer shall iir f+irnislte!f :] earlfnrmrrI ^_nn~• of thjc \ipr{.gagr at. fhn t.ima of arar;i-
<br />Lion or after recarrlation. hereof.
<br />17. Transfer of fhe Property; Assumption. IT 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 (a i the ereatior. of a Tien or encum-
<br />I? brance suhardinate to this ~Iartgage, f.hi the creation of a purchase monec security interest for household sppli-
<br />snces, lc) a transfer by devise, iiescent or by operation of taw upar. the death of a joint tenant or td} the grant of
<br />any leas<?I?old interest of three years or less not containing an option to purchase, Ixnder may, at. Lender's option.,
<br />declare all the sums secured by this ~4or'tgage to ue immediately due and payable. Leerier shall hate waived such
<br />option to acce'-..crate if• prior to the sale or transfer, Lender and 'tire person to wean. fhe Propert--}• is to be sold or
<br />transferee+.l reach agreement in writing that the credit of such person is satjsfactor}• to Lender and that the interest
<br />payable an the sums secureri by this ~Iartgage shall be at such rate as Lender shall inquest. If Lender has waived
<br />the option to accelerate provided in ibis paragraph Ii and if Borroivei's successor in interest: has executed a writ-
<br />ten asswnptiori agreement accepted in writing by Lender, Lender shall release Bvrrocver from all obligst•ions under
<br />this ~Sortgage and the tiote.
<br />- If Lender exercises such opiion to accelerate, Lender shall mail Borrower rosice of aceeleratiou in accordance
<br />wjili ;paragraph 1§ hereof. Such notice elrall proticle a period of not less than 30 days from the date the notice is
<br />mailed within which Borrau~e-r inay i>at the sums dcclarerl due, If Borrower fiiils to pay such ruins prior to the
<br />expiration of surir period, Lender rosy, without tut-thee Hurler r;r demand on Borrower, im•okc app remedies pee-
<br />r milted by Paragraph I$ hereof.
<br />bras-I'titkax~t L"'urr;~ssrs. Borrawer• and Lander furtiu~i• cocetiar!t acrd agree a:a taifOtrs:
<br />18. Accsieratian: Remedies. Exeetri as n=•ati,i;~d in s,.:raer::=,Et ?; hrr.,c,;. ,,.=n Barra}i~e_r'< hrzaeh of env
<br />carensni or agreement of Harrower in tl3is Mortgage, inclndhng tir•roteaants to psi- when due ant sums secured
<br />by this Mortgage, Lender prior to acreler:riion shah mail notice tv Avrrvisr~e,:~ 1>rvriiicd in parrigral,h I•I Hereof
<br />speejft•ing: ;li the breach; !li the sctjon required tv cut•c sui`iY hre3ic13_ +3. a tiatc.:Sot les.~ than thirti- days
<br />fratn the date die- notice i~ cuiiled to Borrower, by wirirh suet! hre;uli roust 6c cut•r~'..; an+{ ~4 i that faihrrc to cut'c
<br />_~uch breach o^ ar before the date suerified iu the nutlet nrav result in arccl~•!~ativn r,f Yhc ~uiri, -ecurcd by thi,.
<br />`.Iortgage and Hale of the Froperti•. If the breach is not cured ot: or beia3r ti;e dsa• specified !n the notice, Lender
<br />st Lender's sprier, :nay +-leeiare all of the sums secureet by this \Iartgrge to ire immedisteh• due and payable
<br />withaur-further drt.rand snd mar iareclnae thjshlorigage by judicial prareedin~;_ Lender shall t.c ertiric•+i to tolleet
<br />jn suY'h peace^edtrri ail expenses of foreclosure. including, bai nut tir!!itc+i to, rests of :iocuunrntar< e~'i=-iente,
<br />ahstraeta and Ytle !Ynarts.
<br />19. $orrowsis Right to Reinstate. Notwithstanding Lenders acceleration of the sY3tus secured by thjs
<br />lfartgage, $orrower s=hall have the right to pace any proceedings 6egYm by fender ra enforce this 3lartgage dis-
<br />cantinued at any time prior to entry of a judgment enfolrcing this 1lortgagc if: !ai Borrower pays Lender ail
<br />corns which would lee then due under this Jlortgagc, the. \aie and notes securjnt; }titure :~drance:, if an}•, had no
<br />acceleration occurred: Ibi Bonawer cores ail breaches of any other rvrenant. or agmements of Borrower con-
<br />. tsin~ in *_hi*~':fort~g?' +c 1 3arrower pays all rr•asonahfc ~=xpcnscs incurred ':~• f.enrler in enfvecirg the cotenants
<br />and agreements afiBarrosrer contained in this llortgage• and in enfarcins, I c~n~le~r~ retnediea as provided in para-
<br />graph 18 hereof, includjng, but not ijmited ta, reasonable stlar•ncy'= trams: and !di Borrower takes such action as
<br />,Lender may reasonably require to assure that the lien of this Martgagc, Lender's interest in the Property and
<br />Borrower's obligation to pay the sums secured by this ~furtgage =hall cominue unimpaired. upon such payment
<br />- and sure by Borrower, this lfortgage and the obligations secured hereby steal? remain in full fm~ce and effect as if
<br />no acceleration had occurred.
<br />20. Astsx~tm~i of Rsats; Appoiniment of Receiver; Leader in Possession. .~s additional security here-
<br />-- under, Borrower hereby assigns to Ler.deF the-rents of the Property, provided drat Borrower shall, prior to aeceler-
<br />ation under paragraph 1$ hereof or abandonment of the Property, hate the riglx to eolleci and retain such rents
<br />as they become due and payable.
<br />Upon acceleration tinder paragraph IS hereof or shandonme-nt of the YraperFy. Lender, in pecan. by agent
<br />ar by judicially appoin ed rneeiEer shall he entitled to enter upon, takF possession of and manage rise Property
<br />and to calleet the rents of 'the Praperiy, including those-bast due.:~fi rents eofiecter( by Lender ar the receiver
<br />shall h!; applied first to prxgrnent of the-casts of nianagrYmert of the Property and coiiection of rents. jncluding, but
<br />not limited to, receiver`s fees. premiums or3 receiver s bond= and reasonable attorney's fees. and then to the sums
<br />secured by this :Mortgage. Lender and the receiver strati be liable to account and}• for those rents actualh• mceic•ed.
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