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<br /> not extend or postpone tl�e due date of the monthly instnllrnents reYerred t,o in p:�ragrlphs 1 and 2 hereof or
<br /> clrange the amount of suah instr�llments.
<br /> ` 10. Borrawer Not Released. ;Exteilsimi of tltc time ior payrnent or inodif cation of amortization of the sums
<br /> ` secured by this l7ortgage granted b}r I'.ender to fln,y succe�sor in interest of Borrower �hall not operate to release,
<br /> in a�iy manirer, tlielia6i3ity of the originsl I3orrowei• ni�ci Borrowei•'� successors in interest. I.ender shall not i�e
<br /> required to cominence proceedings against suc:li succe,sor or refuse [o extend time for payment or otherwise madify
<br /> 1-�' ainorti2ation`of the sums secured by #,l�is ,llort�agc I �y reason of :�nv demaud madc by tl�e original Iiorrosver und
<br /> � i Borrower's successors in interest.
<br /> i T1. Forbearance by Lendez Not a Waiver. Any forbearance by Lender in exercising any right or remedy
<br /> Jj hereunder, br oti�erwise afforded by ap}>licable Ia�v, s6a11 not be s waiver of or }n•eclucle t6e exercise of any rig�ht
<br /> � ' or remedy hereunder: The procurement of insurancc or the payment of taxes or other liens or char�es by Lendei „
<br /> � shall not be a wuiver 'of Lender's right to accelerate tlie maturity of the indebtedness secured by this Mortgage.
<br /> � ' �� 12. Remedies Cumulative: All remedies provided iti tli�s J4ortgage are distivct and cumulative ta any other :
<br /> ° � � right'' or remedy under this �Sortgage ur afi�orded I�y lacv oi cquit,y; and ivay be exercised concucrently, independ- ' `
<br /> ` ; �� ently or successively. ± .
<br /> � �,.,� 13. Suecessors and Assigns Bound; Joint and Several Liabi&ty; Captions. Tlre covenants and agreements
<br /> � "—°' lierein contiained shall ' bind, and the ri�l�ls l�ea•eunder �hal1 inure io, t.hc respective successors and assigns of Lender I
<br /> � und Borrowei; subjeet to the provisionsaP �iaragrnph 17 hereof. � ll covenant� and agrecnients of Borrower shall
<br /> � . 1\ be joint and se��eraL The caj>tions and Leadings of the psragrnphs of thi.s lfort.�a�;e are for convenience onl}� and
<br /> � � are not to be used to interpret or define tlie provision; l�ereof.
<br /> ; 14. Notice. Any notice to Iiorrower pro�-ided for in t.his \lortgage sliall be given bv mniling such notice by
<br /> " certified inaii addressed to Borro�vec• ut ttic Yroperty Addres� stxted bclo�c , exc.r.�it for any dotice required under
<br /> � iara iu �h lS liereof fo be ��ieen to Borrow�cr in tl�e manner �rescribed by aa �lic.iblc l��v. An,y notice irovidecl
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<br /> for in this \iortgage shsll Le dee�ned to hzre been given to Borro�ti•er ��•I�en given in iLe inaiiner designated herein.
<br /> ; 15. LTniform Martgage; Govemizig Law; ueverability. 'i'his form of niortgage combines uniform covenants
<br /> for national use und non-wiiform covenants witli limited �•ariatious l�y jurisdiction to constitute a uniform secu- ;
<br /> � rity in,truinent covering real property. Tl� is �fortgage shall he governed by the law of the jurisdiction in which
<br /> the Property is located. In the event tl��t any provision or clause of this �4ort.gage or tl�e Note wnflicts with
<br /> � applicable law , sucl� conflict shall not affec6 other proaisions of this \ lortgage m• t.he I�Tote which ca�i be given
<br /> � e$ect without the conRicting provision, aiid to this end t.he provisions of the _llortgage and the Note are declared
<br /> � to be severable.
<br /> � 16. Borrower's Copy. Borrower shall be furnisl�ed a conformed copy of this Mortgage at the time of execu-
<br /> � tion or after recordation hereof.
<br /> > 17. Transfer of the Property; Assumption. If :�ll or any part, of the Property or an interest therein is sold
<br /> } or transferred by Borrower without Lender's prior �vritten consent, excluding (a ) the creation of a lien or encum-
<br /> " brancesubordinate to this illortgage, ( b ) the creation of a purchsse money security interest for household appli-
<br /> a; ances, (c) a transFer by devise, descent or by operation of ]a��• upon the death of a joint tennnt or (d ) t,he, grant of
<br /> � any leasehold inteiest of three years or less not containing an option to purchase, Lender mny, at Lender's option,
<br /> ` dec]are all the sums secUred by this Mortgage io be i�nmediately d+xe ssnd payable. I,endcr shall have w�ived such
<br /> ``c option to accelerate ii, prior to tl�e sale or tr�nsfer, I.ender and tlic person to �c-liom tlie Pro��erty is to be sold or
<br /> � transferred reacli agreement in writing tliat tlie credit of such person is satisfactory to Lender and that the interest
<br /> : paya,ble on the sums secured by this \lortgage sl�all be ut ,ucl � rate as Lender shall request. If Lender lias waived
<br /> athe option to accelerate provi3ed in tl�is paragrapli 17 snd if Botrower's successor in interest has executed a writ-
<br /> ; ten assumption agreen�ent accepted in writing by Lender, I,ender shall release Borrower from all obligations under
<br /> i : thie Mortgage and the Note.
<br /> I; Lender exercises sucli option to accelerate, Lender shtill enail Borrower notice of acceieration in accordance
<br /> o avitti paragraph 14 l�ereof. 6uclt notice sh.tll pro��idr. a ��erioci of not. less tha�i 30 days frorn the date tlle notice is
<br /> ' mailed within whicti Borrowei• inay pa}� the sums declared ciuc_ If I3ori•owei• fails to pay such sums prior to the
<br /> ; expiration of suchperiod, Lender may, withuut fuil.her notice m• rfemauct on I3orrower, invoke any remedies per-
<br /> � mitted by parugraph 18 hereof.
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<br /> '' \Tox-UxtFoiear C;ovExnrTs. F3orrower and Lei�dei f'urtl�er co�enant and ag�ree as follo�cs :
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<br /> 18. Aceeleration; Aemedies. Except as �>ro�•ided in � i�srtigrn� iti 77 hereoi , upon Borrower's breaciy oF any
<br /> = covenant or agreement of Borro�ver in this �lort�age, inclucling tLe covena�cs to pay «•i�c�n duc any sums seeured
<br /> ` by this .ltortgxge, Lender ��rior to �aceeleration sliall inail notice to Borro�vec us pro�•ided in peirsagra�ili 14 l�ereof
<br /> specifyingc ( 1 ) the breach ; (2) tl�e action required to ctu•c ,uch breach ; i3 ) ts date, not les, Uyan thirty days
<br /> from the dFite tl�e notice is mailed to I3orroi�-cr, I>y �rliich ,uri � lirencli wu,t bc cw•ec.i ; and (4 ) that failiu�e to cure
<br /> � � such bret�ch on or before the� date specified in tlie noY,icc may result in accelerat,ion of the� sum� secured by this
<br /> ' �1ort�age and sale of the Property. If tLe breuc]i is not cui•ed on or befoir thc date specified in t;l�e notice , Lender
<br /> ; at Lender's opiion may declai•c all of the ;uins seciu�ed by- tliis \lortgage to be immediately due and payable
<br /> without further demand and maZ� foreclose tl�is :�fortgssge bp ,iurlieial pruccedii�g. Leix3er shxll be entitled tq collect
<br /> r i in such proceeding all expenses of foreclosui•e, including, but nat liu�iteci to , costs of <locmnentar,y evidence,
<br /> � abstraets and title reports.
<br /> �, 19. Borrowet's Right to Reinstate. 1ot�vitLstanding I,endei's acceleration of the sums secured by this
<br /> Mortgage, Borrower sl�all have the right to haee ai�y ��roceedin�;, hegun by Lenciei• to enforce this \iortgage dis-
<br /> ; continued at any time prior to entry of a judgment miforcing this 1Zortgage if : ( al Borrower pays Lender all
<br /> sums which would be then due under this 3Io�K,gage, the \Tote and notes securing Future Adaances, if nny, had no
<br /> ; ` aceeleration occarred ; ( b) Borrower curec �II breache; of an}• other co�•ensnts or agreements of Borrower con-
<br /> � tained in this ?�Sortgage ; (c ) Borrower pays all reasonable es�ienses incurred by Lendt:r ii� ci�forcing the covenants
<br /> snd agreements of $orrower contained in this \-lortgiiRe anci in enfcnrint� Lc�ncler's r�mP.iie. ;�c ��rovi�led in para-
<br /> graph 18 hereof, ineluding, buti noc limited to, ressonable �ittarne��:s iee� ; �nd Id ) gorroK�c r iakes such aetion un
<br /> � Lender mey reasonably require to assure thaf the lien of this \iortgage, I:ender', intrrest in the ProPerty and
<br /> Florrower's obligation to pay the sums secured by thi� 9lortga�;e �hnll cvntinuc unirupaired. Upon such Pnyment �
<br /> and cure by Borrower„ this Mortgage and the obligataon� ,eciired herebp shrslt rcin2in in full force and eftect as if ��.� • ^�`�
<br /> no acceleration had occurred. �„l, �
<br /> ZG. Asaignsnent of Rants; Appointment of Receiver; Lender in Possession. :�s aclditi�nal security here- � -� ;K�
<br /> under,'Bormwer hereby assigns to Lencier the rents of tl�e PropeiK�-: �>roi�ided that Borron�er shall, prior to acceler- �,, ,„
<br /> ation under paragraph 18 hereof or abandoninent of the Yroperty, have the ri�lit to collect and retain such re�t.s f`�^
<br /> �, ` as they become due and payable. '�` :; A
<br /> ; TJpon acceleration un3er paragrapli 18 hereof m• abandonment of the Yroperty, Lender, in I�erson, by agent
<br /> � or by judicially appointed receiver Fhsil F>e entitic�i3 to enter upon , take possessiac: cf aad ivanage the Propert}• � ,
<br /> and to collect Lhe rente of the Pco4�erty : inrluding thoF� I,a�t dcte. A11 rents c�ollectec? t>�- Lendcr or the reccir: r
<br /> " shall be applied first to payment of the co&ts oF inanagement of the Yropert.y and collection of rents , including, but +
<br /> not limited to, receiver's fees, i�remiums mt receiver'� Gand� snd reasonable attorney '� fees. wnd then to the sums
<br /> ' secured by this Mortgage. Lender �nd the receir�er shttll be liable to account onl�� for thoce rents actuallv recei��ed.
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