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nat,etaertrl ar l,u','~st~irrirre the due dtttc° of ~q~,„Nt. -ua:.nt,'hly :r::~tatilr'ua:at4 itttlfcrreti tr; in loarag~~rat,rh:E~ l and 2 9:~errr,f ar
<br />elian~e t:he ama~ttnt. of Bosch instailtn€:mts:
<br />lfJ'. Borrovi+wr l~'at I?eleased. I~.xegspgtr aj t,I't^. tin@e for i'i•t?~•tttt#;nr,, or ['nmciifieatitbat of wnnartiration of tlue. sotms
<br />str~ctreuiby ttti;,'~Inr4:grt,ge gratrted I>r be:;ic~ttr i,oi ftrxrW ttdacessai^ to trtt~r•c;rt o; Bn~rrrttvep• ;h~{ll~rrat~~o~}'.>erat~e to'~ ~rtaease„
<br />in any manner. the liability of the original Borrower anti Bori•owrr's successors ir: interest. Lender shad not he
<br />required to commence proceedings against such successor or refuee to extend time for payment ar otherwise mariify
<br />amortization of the sums secured by this \Iartgage by reason of any demand made by the original Borrower and
<br />Borrower's successors in interest.
<br />Il. Forbearance by Lender Not a Waiver. any forbearar:ce by Lender in exercising any right or remedy
<br />hereunder, or other•tvise afforded by applicable iaw, shah not be a wai per of or preclude the exercise of any righi
<br />or remedy hereunder. 'Fite proem•ement of insurance or the payment of taxes or other liens or charges by Lender
<br />shall not be a waiver at Lender`s right to accelerate the maturity of the indebtedness secured by this VTortgage.
<br />~*{ i2. Aemedies Cumulative. .111 remedies provided in this Mortgage are distinct and cumulative to any other
<br />right ar remedy tinder this Mortgage or afforded by late or e~tuit}-. and may br exercised concurrently. independ-
<br />early or successivch .
<br />13. Successors and Assigns Botmd; joint and Several Liability; Captions. The covenants and agreements
<br />herein contained shall bind, and the rights hereunder shall inure to, tl.e respective successors and assigns of bender
<br />and Borrower, subject. to the provisions o2 paragrnph li hereof.:111 covenants anti agreements of Borrower shall
<br />be joint and several. The cupt-ions and headings of the paragraph.< of this \lortgage arc frr ronvenienee anly and
<br />~ are not to L-e used to interpret or define the provisimts htreof.
<br />f'~ 19. Notice. Am• notice to Borratver provided for in this Mortgage shall br git•en by mailing such notice `u'v
<br />rert.iticd tnaii addressed to Bort•otver at the Yroperty Adchrss Mated brlow•, except. f<>r any active required under
<br />paragraph 15 hereof m bz• given to Bm'retcer in the manrcr prescribed by applicable lay;, ~1ny notice prayided
<br />far in this ~fartgage shall he deemett to hate been given to Borrower tchen given in tlu• manner designated herein_
<br />15• Uniform Mortgage; Governing Law; Seve:ability. This term of mortgage combines uniform covenants
<br />for national use and non-uniform covenants with Iimitetl variatians 6v jurisdiction to constitute a uniform secu-
<br />rity iust.rument ~ overiug real propert}•_ 'T'his \[c:rtgage shall be governed by "the law of the jurisdiation in which
<br />the Yroperty is located. In the event that any provision or clause of this Mortgage or the Note conflicts with
<br />applicable law, such canflict shall not sheet vtlter provisions ai this Mortgage or the Note which can he given
<br />effect without the conflicting prevision, and to this end the provisions of the Mortgage and the Note are declared
<br />to be severable.
<br />16, $errower's Copy, Barrawer shall be furnished a conformed copy of this _llvrtgage at the time of execu-
<br />tion or after recar~itaion lxereof.
<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 (s) the creation of a lien or encum-
<br />brance suban3inate to this Aortgage, (61 the creation of a purchase money security interest for household appli-
<br />ances, Ic) a transfer by devise, descent or by operation of ];ttv uprnx the death of a joint tenant or (d) the grant of
<br />.any Leasehold interest vi three years or less not containing an alxion io purchase, Lender may, st Lender's option,
<br />declare all the sutras secured by t-his `4ortgsge to be immediately due and payable. Lender shalt have waived such
<br />option to accelerate if, prior to the sale or transfer, Lender and the person tc whom the Property is to he sold or
<br />trarsterred resch agreement in writing tbat. the credit of such person is satisfactory to bender and that the interest
<br />payable an the sums scoured by this ~•Tortgage shat! be at :uch rate as !.ender shall request. It Lender has waived
<br />the option to accelerate provided in this paragraph I7 anti if Borrower's successor in interest lies executed a writ-
<br />ten assumption agreement accepted iii writing by bender, Lender shall release Borrower fran all obligations under
<br />this Iviortgage and the Note.
<br />If Lender exercises sucb option to accelerate, Lender shall stall Borrower notice of aeceleratian ir. accordance
<br />with paragraph I~f hereof. Such native shalt provide. a period of not less than 30 days froth the hate the native. is
<br />mailed within which Borrower may pay the runts declared due. It" Borrower fails to pay such sums prior to the
<br />exltirstion of such p€riad, Lender toay, wit-haul further native or de[nami o^ B'arron•er. invoke say remealies per-
<br />ntit*r•d by ptragraph IS hereof.
<br />`gas-i?~trtatt.nt (`uvr;x~,~~rs, I3orrstvc~•r :tnt3 Lemier fartht~t• envetxant tied >r~'rte a fellarvN
<br />lB. Accele:afion; Aemedies. Exr€}5t as ln~ovidcd in pnrngr;rl7it I" hereof, upon Barrawcr's hrrarh of any
<br />cot•enanE or agnxment v! Borrower in tilts \Tcii•tg:i[d. iudh:ding the ctiver.:irts fo liay wiion :)its atit• ~tirms accr:rcd
<br />by this Mortgage, Lentlrr prior to acceleration shall tuail native to Borrower us prvvidetl in paragraph 14 hereof
<br />specifying: t11 the breach: i2t the notion required h; cure .uch breach: tat a dah•, not less ths^ thin-y days
<br />from the dote the notice is nutiletl to Iiorraw~or, by w~ltich Bras!: breach nntst be cured; and ~4l that failure to cure
<br />aucit breach au m- hrfore the date spt-cified in the rmticc uuty result in ;u•reierutivn of the swiss seeureti by this
<br />:vlartgsge and sale of the I'rapert}•. If the breach is hat cw•ed or, or befare the date sp€eified in th€ txoti€e. Lender
<br />at Lender's aption msy dertarc all of thr sums secw•ed by this Alartga~c to be immediately dtte and payable
<br />without htrther demand and may fareclose this Mnrtgagc 6y ju+iiriul proceeding. Lrnd€r shall 6c entitled to eallect
<br />in such hr,..aeeding all expenses of fmrelasurr, including, kart not limited to. rtl~~ts of ~iocununtur}~ evidence,
<br />abet--sets and t d,lr reparts.
<br />Ifs. Bonawer's Right to Aeinatat®. Notwithstamiing Lender's :u•celeration of the sums secured by this
<br />~9ortgage, Borrower vital! hove the right to have any proceedings 6ee;ttn txv Leudrr to €nftsrt•r this \lortgage dis=
<br />continued at, env time prier to entry t>f a judgmeue enfayx=ing this \lortgage if; tat Barrawer pay:; ].ender all
<br />sutras which wauld be then due under this \lartgagr, thr Note stud noi~ seeurin}; T•lrturt• :ldvetnces, if an5•, had nv
<br />acceleration accurreti; (h) Burrower cures all breaclurs of any other rovenunts yr agrrentents of Borrower con-
<br />tained in this hCurtgage, (c) Borrower pays ul! reasvnuble expenses uxcurrtYi by i.rnder in enforcing the covenants
<br />and agreements of Barrower €nntain€d in this ~Iartgttgc urui in r?nforeing bender's remedies as providai in para-
<br />graph TA beast, including, bt:t not limited ta, reasanablc attonney`s fee>: and idi Barrawer takes hush aetian as
<br />Lender may treasonably require to assure that the lien of this \fortgagc. I.:snder's interest in rite Prapcrty and
<br />Borrower's obligation to pas the sums secut•ed hp this }tortgattc shall continue uninxpairtrl, upon such payment
<br />and cure by Borrower, this ;vortgage and the otaiigatiotts securexci hereby shall tr+main in full fvrce and erffect as if
<br />no acasleratian had occurred.
<br />Z0. Asaignmont of Hinttt: Appointment o4 R~ivar: Lender in Fossessioa :1s additiottal serurit~° here-
<br />under, Borrower hereby assigns to Lender the rents of the Propert>•. provided that Barrawer shall, prior to acceler-
<br />anon under paragraph 18 hereof or abandonment of the Property, have the right to collect and retain snob rents
<br />as they 6eeome due and payable.
<br />IIpon aeceieration under paragraph IS itet•eoi ar al:andomnent of the Yroperty, Lender, in persat, by agent
<br />or by judicially appointed receiver shall tx entitled to enter upon, take Itossession of and manage the Yroperty
<br />and to collect the rents of the Property, ineludmg those-past due. All rents ea!lect€d hr Lender or the receiver
<br />shall be applied first to payment of the costs of management of the Property anti collection of rents, including, but
<br />not limiicd to, receiver's fees, premiums sit receiver's bands anei rcasanable attorney`s fees. and then to the sums
<br />secured by this Mortgage. Tender and the receiver shall b€ liable to account only for these rents actually received.
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