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Home My WebLink About1713 10. Borrower Nat Rol~ased; Forboarance By Lender Not a W~iver. Exicnsion ot ih~ iime tor payment or modifica~ion ot amortization of thc sums sccurcd by this MortaaEc arantcd Ey L~ndcr ,tC any suc- ceuor in in~eres~ of BorroWer shal! not opcratc tu rclc~se, in anr manncr, ~hc liability ot thc oriainal IIorr~vcr and Borro~vcr's succcssors in imcrc~t. Lcndcr s6ali not hc rcquircd to commcncc procccdinEs aaainst such succcssor or rcfusc ~o extend ~imc (or parmcnt or othetWisc tnodity amot~ization ot Ihe sums secured by this MortEaae by teason o( anr demand made by the oriEinal Borrower and BorroWCr's successors in interesl. Any forbcarance bv Lender in exercisina anr riaht or remedr hereunder, or uiher~vise a(forded by applicable law, shall not be a v+aiver of or pr~clude th~ exercise of anr such riaht or remcdr. 11. Succossors and Assigns Bound; Joint and S~rtral Liability; Co-sisn~r~. The covcnants and agrccmcnts hcrcin coniaincA shall bind, and thc riEh~s hcrcund~r shall inurc lo, thc respcctivc succcssors and :usigns of Lender and I3orr,~wer, subjec~ to the provisions o( p~raaraph 16 h~reot. All covenants and aareements uf ~orrowcr shall bc ~oint and scvcral Anr Borruwct who cu-sians ~hia MurtaaEc, but ds~cs not cxccutc thc Nute, la! is cu-sianinE this MortEase onlr to mortaaEe, arani and convev that BorroWer's intercsi in the Property ta Lender under t~e terms ot tAis Mortsase, (b) is not p~rsonallr liablc on the hote or unA~r this Mortsaa~, and Ic1 asrees that Len~er and any other BorroWCr hereunder may aarec to cxtend, modity, torbear, or mate ::ny othcr accomodations Wiih reSarA Io thc tcrms of ~his MortEaac or the Notc without ~hat Borrower's consent and without rclcasina that Borro~?+er or moditri~E ~his MortEaac as to that Borrowcr's interes~ in ~he Properlr. 12. NotiCt. Exccpt tor anr notice rcquired undcr applicable law to bt aivcn in another mannor, (a1 any notice ro Borrower provided tor in this MortEaae shall be given by deliverina it or by mailina suc6 notice by ccrti(icd mail addresscd to Borrowcr at thc Propcrtr Address or at such other address as Borrower may dcsianate by notice to Lendcr as pcovided herein, and Ibl anr notice to Lender shall be aive~ br ctrtified mail to Lcnder's address siatcd herein or to such othcr address as Lendcr may desisnate by notico to Berro~vcr as providcd hcrcin. Anr nolice providcd (or in this MortEasc shall bc dccmcd to have bccn Siven to Borrowcr or Lender when aivcn in the manner dcsignatcd herein. 13. Governing Law; Severability. The statc and local laws applicable to this Mortsage s6a11 bc the l:,ws of the jurisdiclion in which the Propertr is lorated. T6e foreaoina sentence shall not limit the applicability of Fcdcral law to this Mortaaac. In thc evcnt that anr provision or clause ot this Moctaaae or t6c Note con(licts v+ith applicablc law, such conflict sAall not aftcct othcr provisions ot this MortaaEc or the Notc wAich :an bs aiven e(tect without ~he contlictinE provision, and to ~his end the provisions ot this Mortaa6e and the . ~ote are declarcd to be severablc. As used herein, 'costs", "capenses' and 'attorner•s' tees' includ~ a!I sums to ihc extent not pro6ibised by applicable law or limited hcrein. 14. BOrrower's Copy. Borrower shal! be furnishcd a conformed copy of the Note and of this Mortsaae at the time ot execution or after recordation hcreot. 15. Rthabilitation Loan Agretment. BorroWCr shall tulfill all of Borrower's obliEations under an~ home rchabilitation, improvement, repair, or othcr loan agreemcnt which Borrowcr cntcrs inro with Lender. Lendcr, at Lcndcr's option, may requirc Borrowcr to cxccutc and dclivcr to Lcndcr, in a form acccptable to Lendcr, an a~signment ot any riahts, claims or detenses which Borrower mar have aEainst parues who supply labor, materials or services in connection with ~m~rovements madc to the Property. 16. Transfer ot the Property or a Beneticial Interest in Borrower. li all or anr part o( chc Propertr or any intcrest in it is sold or ~ransferrcd Ior it a beneticial interest in Borrower is sold or ~rans- fcrreA and Borrowcr is not a natural pcrson? without Lcndcr's prior wriucn conscnt, Lender mar, at its option, rcyuirc immcdiatc paymcnt in full of all sums sccured hv this MortEaac. Ilowcvcr, ihis option shall not fic ~~crciscd br Lc~?dcr if cxcrc~sc is prohibitcd br [cdcral law as o! thc datc of this MottEaac. I! Lcndcr cxcrciscs !his uptiun, Lcndcr shall Eivc Bvrrowcr noticc o( accclcration. "T6c noticc shall providc i a period of not less than 30 days from the date ~he notice ~s delivered or mailed within which Borrover must F ~a}• all sums sccured by this Mos~gagc. If Borrower tails to pav thcse sums prior ~o the eapiration of this pcriad Lcnder may invotc any rcmcdies permitted by t6is MortEaae without turther noticc or demand on Barrou~cr. NON-UNIFORM COVENANTS. Borrowcr and Lender further covenant and asrcc as iollows~ ; 17. Accclcration; Remed~es. E:cept aa provided in paraataph 16 hereof, upon Borrov~er's bruc6 ot an~ ~ covenant or aateemcnt of Horrower in tDig Mottja=e, inclndint t~e covemnt~ to pa~ ~hen due an~ ~um~ ~ecnred ; b~ this Morta~ae, Leuder prior to acceler~tioa ahall Sire notice to Borro~+er as provided in pua=caph 12 hereof ' spccit~in6: Q)thc brcac6; (2)thc action rcquircd to cure snch brcach; (7)a datc, not las th~n 10 da~s from thc date t6e notice is m~iled to Botrov+er, b~ ~hich ~uch breach must be cured; ~nd (4)tha! tailure to cure such ~ breach on or betorc the dite specificd in t6e notice mi~ resuit in acceleration ot the sumi secared b~ this Hort~ase, foreclosure b~ jndicial proceedint and salc ot the Propert~. The notice ah~ll further intorm Borro~+cr ~ of the riaht to reiuitate ~tter ~cceleration ~nd thc ti`6t to assert in the foreclo~urc proceedina the noneiistence € of a dctaull or ~n~ ot6cc dcfense ot Bortower to accelcration and toroclosute. It the bteac6 is not cuted on ¢ or before the date sFeciticd in the nolice. Lender, at Lender'a option ma~ d~clue all of thc eums secured b~ F :his Mottaa6c to bo immcdiatd~ duc end pa~able ~+ithout (utthct dcmand aud m~~ forectou thi~ Mort~aae b~ . judisial procccdina. Lcndcr sh~ll bc entitled to collcct in such procadinj all ezpcnscs ot [orcclosure, includiu~, ~ ~ut not limitcd to, rcASOn~ble attornc~s' fca, court costs, ind costs of documentarT evidence, absUscts ~nd titie reports. ~ 18. Borrower'S Right [o Reinstate. Notwilhstanding Lcnder's accclcration of thc s~ms secured bv this ~ ` '~t~zrtgagc duc to Borrower's brcach, Bcrrowcr shall havc thc right to 6ave any procecdings bcEen by Lender to ~ ~nf~~rce this ~lortgage discontinucd at any timc prior to entry of a judEment enforcinE this MortEaEe iL ia) F' ° fiurruwcr pays Lendcr all sums which would bc then duc under this MortEaEc and the Note had no acceleration ` uccurred: Ib1 Borrower curcz all breaches of any other covenants or aareements of Borrower contained, ~n this ~tortgagc, and (c) Borrowcr gays all rcasonablc cxpcnscs incurrcd bY Lcndcr in cntorcinE the • covcnanls and agrecments of Borrower containcd in this MortgaEe and enforcinE Lender's rcmedies as provided in paraaraph 17 hereof, including but not limitsd to, reasonable attornevs' (ees and court costs; and Idl Borrower tatcs such :+ction as Lendcr mar rcasonably rcquire to assurc that thc lien of this MortgaEe, Lender's interest in the nroperty and Borrower's obli~tation to par the sums secured bv this Mort~a~e shall continue unimpaired. Upon <uch paymcnt and curc by BorroWer, this MortEaEc and thc oblisations sccurcd hcrcby shall rcmain in tull forcc :,nd cflcct as if no accclcration haA ~~ccurrcd. 19. Assignment ot Rents; Appointment of ReCeiver. As additional sec~nty hercundcr, Borrowen c~rcby _ assigns to Lcndcr thc rcnts o[ thc Propcrtr, ~rovidcd that BorroWCr shall, prior to accclcration und~r paraEraph i~ hereo( or abandonment of the Prupertr, have :6e riEht to collect and retain such rents as t6er become due j _ ~3(i(I payablc. a I ' ~ i + , ~ . ~ 675 F~r~~~ 1713 n~~~ _ , , ~ ~ ~x • 4-,f n