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Home My WebLink About0071 10. Borrow~r Not R~leased; Forbearance By Lender Not a Wai~rtt. Extensiun o( ~he >>mc fo? paymcnt or mudific~uon ot amoruz:~uun u( the sums securcd by ihis Mortaaae aranted by Lender tu anY 3uc- reswr in in~crest of Horruwcr shall ~iw upcraic tu rcicasc, in any manncr, thc I~ab~lity of thc ori3~nal Bouowcr and Burrowcr's succcssurs ~n in~crest. Lcndcr shall not bc rcyuircd lo commcncc procccdinas aaainsl such succc~ior or rcfusc iu extcnd ume tur pavment o~ o~herW~sc muditr amoruza~ion of the sums secured br ~his I~9ortaaae bv rcawn u( anr dcmand made b} the ona?nal Borro~er and 8o~rower's successors in interest. Anr torbearance br Lcndcr in exercisina any naht or remedy hercunder, oc otherWist aftorded dr applicable la~v, shall not be a Wa~ver of or preclude the ezercise o( any such riaht or remedr. !1. Successors ~nd Assians Bound; Joint and Several Liability; Co-signers. T6e covenants and agrccmcn~s hcrc?n containcd shall bind, and ~6c nahts hercundcr shali inurc tu, thc respcctive succcuors a~d asss~ns ut Lcnder as~d Bur~owcr, subjcct tu thc provisiuns of paraarap6 16 4crcot. All covcnants and darccmcnts BocroWCr shaU bc ju~nt and scvcral. Anr Borro~+cr who co-sians this Mor~Eaac, but docs not exccutc thc HUIC, (3) 1S CO'SIRIII(14 I~IS Morttarc n~1~v im m~r~~~~~• ir~nl ~.+A rn~;~••~ ~p;------~---•- " _ v.,~.~~ a iui~~~ai ~1~ iuG rIV~)C11) iu Lcndcr undcr thc tcrms ot ihis Mor~aaEc, Ib) is not pcrsonallw liabtc on tht Note or undcr this MurtEaac, :~nd Icl aarccs i6at Lcndcr and any uthcr Borrowcr bcrcundcr may aarcc to extcnd, modity, t~rbcar, or matc any o~hcr ~ccomudauons with rcEzrd ro thc tcrms o( this Mortaagc or thc Notc u+ithout tbat Borrowcr's conscnt rnd w~thout reicasing that BorroWCr or mudifyins this Moriaaac as to thai BorroWCr's interest in t6c Propcrtv l2. Notict. Exccpt (or anv noticc ~cqui~cd undcr applicabtc iaw to bc sivcn in anoider m~nncr, lal any ~~uucc tu Borrowcr provtdcd (ur ~n this Mortaaac shall bc Eivcn by dctivcrinE u ot br maitin; such noticc by ceriilicd mail addressed ~o Borruwer at the PropeUy Address oc at suc6 othet address as Borrorver may dcsignate by nouce tu Lcnder as pruvided 6erein, and lbl any notice to Lender shall be aiven by certititd mail ~o Lcndcr's address s~a~cd hcrcin or to such otbcr address as Lcndcr may dcsiEnatc b~ notice to Borrowcr as piov~dcd hcrcin Anr nuticc providcd for in this Mortsaac shall bc dccmcd to havc bccn Eivcn to Borrowcr or l.cndcr w6cn atvcn in t6c manncr dcsiEnatcd hcrcin. 13. Govtrnina Law; Sev~rability. The siate and locat faws applicable tu this Mor~aage shall be tt,e laws ot thc ~urisdiction in Wbic6 thc Propcrty is locacc~. 'I~hc toresoina scntence shall not l~mit thc appiicabiiity ot Fcdcral law to this Mortaa~c. In thc cvcnt Ihat any provision or clausc o[ this Mortaagc or thc Notc cvntlicts Witb applicablc law, suc6 conflict shall not a((cct uthcr provisions of t6is MortEaae or thc Notc Which can Ac aivcn cttcct withuut tbc contlictins provision, and to t6is cnd thc provisions ot t6is Mortaasc and thc Nute are declared w be severable. As used hcrcin, "costs", "expenses" and 'auotnevs' fees' inciude all sums to thc catcnt nut p:ohibitcd ~y applicablc {a~v or limitcd hcrcin. 14. Borrowtr's Copy. Borrowcr sAatl bc furnishcd a contormcd copy of thc Note and ot this Mort;agc at thc ~imc uf cxccution ur aftcr rccordation hercuf. 15. Rehabilit~tion Loan AgiCement. BorraWCr shall tultill all ot BorroWCr's obligations undcr any humc rchabiliiat~on, ~mprvvcmcnt, rcpair, or othcr loan aarccmcnt W6ic6 Borrowcr cntcrs into with Lcndcr. Lcndcr, at Lender's uption, may require Borrower tu execute and dcl~ver ta Lender, in a torm acceptable ro LerJer, an ass~gnmcnt ut any rights, claims or defenscs Which Borrowcr may have against pariies ~v6o supplv labor, matcrials ur scrvicca in conncctiun with improvcments madc to thc Propcrtr. 16. Transfcr ot the Property or a Bcneticial Interest in Boriowor. If al1 or any pari of ihc Propcrtv or any ~ntcrest in it is sold or transtcrrcd lor if a bcncticial intcrest in Borrower is sold or trans- fcrrcd and Borrowcr u not a naturai person) without Lcnder's prior written consent, Lender may, at its option, rcquuc immcdiatc paymcnt in full ot all sums securcd by this MortaaEe. However, this option s6all not bc ~xc~cucd by Lcndcr if cacrcisc is prohibiicd br fcdcrat !aw as of ~hc datc ot this MortEaac. ; Lcndcr cxcrciscs t6is option, Lcndcr s6all aivc Borrowcr noticc ot accclcration. Thc notice shell prov~dc i a pcriod o( not Icss than 30 days from thc datc the nuticc is dclivcred or mailcd within which Borrowcr must t pay all sums sccurcd dy this Mortaagc. If BorroWCr fails to pay thcse surns prior to t6e expiration of th~s pcriod ° Lcndcr may invotc any rcmcdics crmiticd by t6is Mort a c without turthcr noticc or dcmand on Borrowcr. ; P SE ! NON-UNIFORM COVENANTS. Borrowcr and Lcndcr turthc~ covcnant and agrcc as follows: ~ 11. Acccieration; Remcdics. E:ecpt provided in pu~~r~ph 16 6ereot~ upon Borro~ve['t bre~c6 ot ~n~ ; covcn~nt or ,{tecment of Botcoo~et in t6it Mort~a{e, includinj the eoven~nts to p~~ ~hen due an~ sums securcd ? b~ this Mort{aie, Lcndcc prior to accefcrition sh~ll `ivc noiice to Borro~vor ptovided in patajraph 12 hereot ; specifJin~: lllthe brcach; (2)the action cequired to cure suc~ brac6; (l)• date, not lesi tL~n 10 d~~s lrom t6c datc Ihc noticc is m~ilcd to Borro~+cr, b~ ~rhich sucb bre~cL mest be cured; and (4)lhat t~ilure to cure such brcach oa or before thc d~tt tpecified in t6e noticc m~~ tesult in accelecation ot t6e soms secuced b) t6i: t Mort`a~e, toteclosutc b~ judici~l ptoceedin` and s~le ot the Propert~. The notice ~6~I) futtber intorm Bortovrct ~ of thc ri~Lt to rcinstate aftcr accetcration and the ti~ht to a~sctt in t5e totcclosutc proceedint the noncxi:tcncc ~ of a dcfault or ~n~ othcr d:~cnse ot Bocr;,vrcr to orccLration and (oteclosure. I( the btuch i~ not cured on ~ oc bctors lhc ditc ~pccitied ia t6e aoticc, Lcnder, ~l Lsndcr't option ma~ declace all of the ~ums ucurcd b~ ~ this Mort`~~c to bc immediitd' due snd p~~~~{e without tuithsr demaud and m.. Inr«I~.~ ~ti~. u~.~...~ , ~ ~u6ici~l procccCina. Lcndcr :6all be entitled to ca(lecl in snch pcaccediu~ all oipensw o! foreclaote, includin`, ; but not limitcd to, rasouablc ~ttornc~s' fccs, court cost~, ~nd co~ts of docueientat~ eridence, abttr~cts ~nd ` title reports. ~ ]8. Botrower's Right t0 Rtinstate. No~wi~hstandin~ Lcnder's accclcration of the sums sccurcd by this ~ ~ Mortgagc duc to Borrowcr's brcach, Borrowcr shall havc thc risht to havc any procccdings bcgun by Lcndcr ro & cnforcc this Mortgagc discontinued at any time prior to cntry of a judsmcnt entorcing this MortEagc if: !al ~ Borrower pays Lender all sams which would be t6en due under this Mortgage and the Nate had no acceleration occurrcd: Ib1 Burrowcr cures all brcachcs of any ott~cr covcnants or aa~ccmcnts of l3arro~vcr contairtcd ~n this tilc~rtgagc; and (c1 Burrowcr pars all rcasonable cxpcnscs incurrcd b~• Lcndcr in cntorcina t6e covcnants and agreemcnts ut Buriuwer conta~ned ~n ~his hicr~gage and en(orctnE Lender's remedies as provided in pacagraph 17 hcrco(, ~nciud~ng but not lim~tcd to, rcasonablc attorncys' fccs and court costs; and Id) Borruwcr tates such actwn as Lcnder mar reasonably require to assure that thc licn of this Mortga~e, Lender's interest in the Propcrty aod Borrovcr's obliEation to pay thc sums sccurcd by this MortSaE~ shall continuc unimpaircd. lJpon such paymcnl and cure by Borrowcr, this Mortgagc and tfic obiiaations sccurcd hcrcby shall rcmain in tull furcc and cf(cct as if no accclcratifln had atcurrcd. 19. Assianment of Rents; Appointmont ot Receiver. ns additional sccuri~v heccunder, Sorrowcr hereby a.signs to Lcndcr thc rcnts af thc Propcrty, ~rovidcd that Borrowcr shall, prior [o accelecation undcr parasraph ;7 hereui or abandunment of the Property, have the nght to collect and reiain su~h renis as theq becomc due and payable s E0~1t6~5 ~AGE O7~ - _ ~i~. _ ; ~ - ~ A. ~ ~ ~rkr~ ~