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<br /> ', not extend ox• pqst.ponc tl�e due iia�te oi tlac n�onthly in� i :illments refcrred to in p�uagr�phs 1 and 2 hereof or
<br /> change tl�e` t�inount of sucli installments.
<br /> 10. Bozrower Not Released." �xtensiori of tl�e tiiiic far p:t��nienf or modification ot a�nort.izatiun of the suins
<br /> secured by this tilortgage granted b�• I:ender to iLny si�ccessoi• in interest of Borroryer sh211 not .operaie to re2ease,
<br /> in any manner; tlie'?ia�ility of tlie 'origiii:�l :13orrower anc3 13orro�ver ':: successors in interest. Lender shall not be
<br /> required to commence l�roceedings sgaiusE suc12 successor or refuse to eatend time for psyment or other�vise modify `
<br /> " ainoitization of the suiz�s secured b_y tliis 1Iortg,ige 'b}� rcason oi an�- demand inade by the 'oi•iginal Sorrower and
<br /> � Borrower's successors iii interestc
<br /> • i , ' 11. Forbearance by Lender Not a Waiver. Any forbearance by Leiider in exercising any right or remedq
<br /> ; , `C}+ hereunder; or btlierwise afforded by a�i}�licable la�v, st7a11 not be a �vai-rer of or preclude the exercise of any right
<br /> C� or remedy herewider: 'I'h� procurement of insurance or tlie paymei�t of taxes or other liens or charges by Lender
<br /> ; � shall not be 3 waiver of Lender's riglit to accelerate tlie rnaturity of tlie indebtedness secured by this Mortgage. �
<br /> ; . . C�`J 12. Remedies Cumulative. All remeciies l�rovided in tl�is \�Iortgage are distinct and cwnulative to any other
<br /> < ' ` C right oi remedy under this \Iortgage or afforcled by la��� or equii}�; an<3 rrixy be eaercised conciirrently, independ- ; '
<br /> � J ently .or successively.
<br /> � 13. Successors and Assigns Bound; Joint and Several Liability; Captions. The coven�nts and agreements
<br /> � ^ herein contained sha11 Uind , and the rights liereunder �hall inurc to, tl�e respective successoxs nnd assigns of Lender
<br /> � P'� and F3orrower, subject to the provisions of p:u•agraph 17 hereof. :all covenants and agreements of Borroker " stiall
<br /> be joint and several. The captions and headingspf tl�e plragr�Lphs of tl�is \Iortguge are foi• com�enience only and
<br /> '' are not to be used to interpret or define tl�e provisions liereof.
<br /> = 19. Notice. Any hutice to Borro«�er jn•o�•icled for iri tliis � Iortgage �l�all he gi�•en by in.�iling such notice by
<br /> ncertif�ed i�tnil addressed to }3orro�+�er att tiae Pt-opert-p �d<I }•e.h �t�tec! !�elvn•, exeep6 Sor ax�y notiee reqvired un�3er
<br /> � paragraph 18 hereof to be gicen to 13orro«-er in tlie manner preccribed bg• n{�lilicablc la�v. Any iiotice provided
<br /> 4 for in thisJlortguge shall be deemed to have becn gi ��en to Borrower when gi��en in ihe manner designatecl herein.
<br /> � ' 15. Uniform Mortgage; Goveming Law; Severability. '1 his form of n�ortguge combines uniform covenants '
<br /> �, ; for nationai use snd non- uniform covenants �vitli limited variations by jurisdiction to constitute a uniform secu- , .
<br /> rity' instrument covering real pi•operty. This �Iortgage shall hc governed by tlie la�i� of the jurisdiction in �vhicl� '
<br /> tkie Property is located. Li tlie event that any provision oi• clause of this \lortgage or the Note conflicts witl�
<br /> i�pplicabie la�v, sucti conflict shall not iaffect otl�er ��i•ovisions of tliis \Iortgage or tl�e Note wl�icl� can be given
<br /> + ;,� effect without the conflicting provision, and to this end the procisions of the �'Iortgnge and the Note are declared
<br /> a to be severable.
<br /> ' 16. Borrowei s Copy. Borrower shall bc furnished 1 conformed copy of this Mortgage at the time of execu-
<br /> �' tion or after recordation hereof.
<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, e�cluding (a ) the creation of a lien or encum-
<br /> � � brance suUordinate to this Mortgage, ( b) the eseartion of a purchase money security interest tor household appli-
<br /> � ances, (c) a transfer Uy devise, descent or by operation of la�a upon t,he death of a joint tenant m� (d ) the, grant of
<br /> ; any leasehold interest of three years or less not, containi� ig an option to purchsse, Lender may; at Lender's option,
<br /> � ' declare all the sums secured by this 1�Iortgage t.o be imineiii.�lely due and payable. Lender shall l�ave �vaived sucl�
<br /> k option to accelerate if, prior to the sale or transfer, Lender and thr: person to whom the Property is to be sold or
<br /> i transferred reacl� agreeinent in writing tl�at the credit of such person is satisfnctory to Lender and that the interest
<br /> ° payable on the sums secured by this �4ortgage shull be at sucl� rate as Lender shall request, If Lender has waived
<br /> � the option to a,ccelerate provided in tl�is paragruph 17 and if Borrower's successor in interest has executed a cvrit-
<br /> � ten assurnption r�greetnent uccepted in writing by I.ender, Lender shall i•elease Borro��•cr from all obligations under
<br /> � this Mortgage and the Note.
<br /> ; If Lender exercises sucli option to accelerste, I,endei• shall !i�ail 23oi•rower notice of acceleration in accordance
<br /> r �vith paragraph 14 hereof. Such notice 56a11 providc a period of not less t,han 30 clays from tlic date tGe notice is
<br /> � inailed within rvl�ich Borrower u�ay pny the suins declared due. If I3orrowei• fails to �>1y such sums prior to the
<br /> - i expiration of such period, Lender m�y, �vitl�out fui�ther noiicc or de.inand on Borrower, invoke dny remedies per-
<br /> '� mitted by paragraph 18 liereof.
<br /> Nox-LTxiFoani CovE:vnxxs. I3oi•rowei• a�icl I�eiidei• f'urt.t�er �ovenant and a�ree as follo�vs :
<br /> 18. Acceleration: Remedies. �acept as pro�' ided in ��aragr:i� ili 17 hcreof, u��un I3orrowe�'s breuch of any
<br /> oovenanL or �greement of Borro�ver in tl�is \iortgxge , includiug ti�c covenan 'ts ko pay �vlien duc uny sums secured
<br /> ; k�y Lhis \Iortgage, I,ender prior to aceclerntion nl�ull mail notice to Borro�ver us � �ro��idcel iii paragrapli 14 hereof
<br /> ; speciiying : ( 1 ) the t>reach ; ( 2 ) the action mc� uired to cure such breacl� ; 13 ) a date, not Iess tl�an thirty days
<br /> � from tl�e date tl�e nofice is mailed to 13orro��•cr; 6y ��•hicli .ueG brcach u�ust k�e cured ; :�nci (41 thut f�ilurc to cure
<br /> � such Ureach on or before the date specified in tl�e notice ni�t,y result in acceleiation of the sums secw•ed by this
<br /> , n tilortgage and sale of the Yroperty. I( the bre+icl� is not curr.d or or before the date specified in the notice, Lenc�er
<br /> � at Lender's option may declare a11 of the swns secw•ed by tl�is �Sortgage to he immediatcly due and payable
<br /> ' �P� � � without further demand ani{ may foreclose this �1orLglge i.>y judicial nroceeding. I.ender sliall be entitled to collect � � �
<br /> ; in such Proceeding :ill expenses of forcclosurc, iiiclucli�ig, hut not li�uited to , costs of documentary evidence,
<br /> i abstracts and title reports
<br /> 19. Borrower's Right to Reinstate. 'Votwithstanding I.ender's acceleration of the sums secured by ihis
<br /> � Mortgage, Borrower shall have the right to hure any i�roceeding; begun b,r• T.encter tu enforce t.his �iortgage dis-
<br /> continued at any time prior to entry of a judgment enfoTcing this �iortguge if : ( a ) Bon•o�cer pays Lender all
<br /> sums which would be then due under thic �-Iatgagc, tLe 1Tote ��nd notessecuring Future Advunces, if any, had no
<br /> acceleration occnrred ; (b ) Borrower cures sll brezclie�s of :�np other co��ci�:�nts or agrceinent5 of 13orrower con-
<br /> tained in this Mortgage ; (a) Borrower pays all reasonal>Ie e�penses incurred b�� Lender in �nforcing the covenxnts -
<br /> and agreements of Borrower contained in this �llortgage and in enforcin;; Lender's remedies as pro�•ided in psra -
<br /> ,. � � graph 1S �l�ereof, inu]uding, but not limited to, reasunaLle acturnec '; ieer ; �iu�i � dl Borruwer i ��kes sucL actioii as � �
<br /> � Lender may reasanably require to assure that. the lien of this \Iortgage , Lender'� izitere�t in the Pro�ierty and
<br /> Borrower's obligation to psy 'the sums secured }�y thi. tiloi•tgage shall continue uniinpaired . iJpon sucli payinent �
<br /> � and cure byBorrower, this '_�Iortgage and the obligatioiis secureci l�erc:by shal] remaiei in full furce �nd effect as if � � � ,R
<br /> . no acceleration had occurred. � � � , .
<br /> ' ' 20. Assiyameat of aeats: A '" � � � `
<br /> ppointment of Receiverr Lender in Possession. As iidditional securit,y here- � v �
<br /> , under; Borrower herebyasaigns to Lender the rents of the Property, pro��idecl thaf Borrower shall , prior to acceler- `' � �b �
<br /> � . ation under paragraph 18 hereof or abandonment' o£ the Property, havc the rigl�t to collect and retain sueh rents %� �'
<br /> � as they become due and payable. %�. `
<br /> Upon acceleration under paragrapli 18 hereof or abandonn�ent of the YroF�ert,y , Lender, in person , uy a�ent � • "
<br /> or by judicial:y appointed receiver shar} be entitled to ente�• u�>an , take posse�sion of and mxna�e the Property
<br /> ; and to-eollect t.he renta of t.he Yrop�rty,' ineluding those Taast clue. Ail rent�: collected h�� I,ender or the receiver � -
<br /> : shali be. ayplied first to psyment ,of the costs of ananagement of tl�e Yroperty and collection oi rencs, including, but
<br /> not limited tu, receiver's fees, premiums on receiver'c hands and reasonable attorne}'s fees , xnd t3ien to the sums
<br /> secured by this 14Tortgage. Lender and theseceiver shall krc liable to accaunt onh- for those rents actur�ilti mcei��ed.
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