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<br /> not extend or post.pone ,the due date of the lnanihly iristallments refen�ed to in parngraphs 1 and 2 hereof or
<br /> change t6e amount of such installmen�,s:
<br /> 10. B�rrower Not Released. �xtehsion of t}ie time fnr pay>ment or modification of amortization of the sums
<br /> secured by this 'Mortgage granted bv I.ender to any �uccessor iii interest oi Borrower shall not operate to release,
<br /> in any mt��mer, the liability pf the original Boi•ro�ver and Borro�vci•'s successors in interest: Lender, shal! not be '
<br /> required to coinmenee ��roceedings agxinst suc1l successor or x•efuse to extend time for payment or otllerwise modify �
<br /> � atnortization of the sums secured by tl�is :�Iortgage by reason of any demanci m�de bv tUe originai Borrower and
<br /> � Borrower's successors in interest. < � '
<br /> , ; 11_ Forbeascmce by Leader PSot a Waivea Any forbearance by Lender in exereising any right or remedy � ; ' , " ,, ` y,
<br /> t ' hereunder, or otherwise afforded liy ap�licab]e la�v , stiail not be h �vaiver of br preclude the exercise of any right �' • .. ,.'
<br /> 3 - or reinedy hereunder. The procurement of insurance or the payment of taxes or other liens or charges by Lender � " ; • , ' `
<br /> g ; � shall not be a waiver of Lender's riglit to " accelerate tl�e maturit,y of the indebtedness secured by this Mortgege. '
<br /> , ; ' ; CT3 ' , 12_ Remedies Cumulative. >' All remedies proyided in this ^Mortgsge are distinct and cumulative to any other `',�` „
<br /> :' #, �" right or remedy. under this \iorLgagc or nfforded iiv la«� or equity; and m� y� bc exer�ised concurrently, independ- " '
<br /> t C'� ently or successively. ' " � , .
<br /> + K C." 13. Successors and Assigns Bound; Joint aa�d Several Liabi[ity: Captions. Tl�e covenants and agreements
<br /> ' ` `:..� herein contained shall bind ; and the rights l�ereuntier ;>hall inure fo, the respectivc successors and assign�; of Lender
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<br /> y � and Borrower,°subjectto the provisions of pa�•agraph 1T l�creof: All covenants and agreetnents of Borrower shall ;
<br /> s � be joint and several. The eaptions and headings of tl�e paragra�>hs of this \Iortgage are For cam�enience only and `
<br /> �; are not to be used to interpret or define the provision� IiereoL
<br /> # 14: Notice. Any notice to 13orrower pro��ided for in tliis �Sortgage shull be given by mailing such notice by
<br /> k eertified mail addressed to Borrowei• :�t tlie Yroperty Address stated l�elo��- ; except, for any notice required under
<br /> ; paragraph lS l�ereof to be gicen to Sorrox�er in 2.1�e �nanner pi•escribed b_y applicahle la�v. Any notice provided
<br /> g for in this \tortgage shall be deeinecl to hacc been given to Borro��•cr wkie�i given in the mannei• de�ignated herein.
<br /> E15. Ussifoim Mortgage; Goveming Law; Severability. Tliis forrn ot inortgage co�nbines uniform covennnts
<br /> } for national use and non-uniform cobenants witlz limited variations U3� jnrisdiction to constitute a uniform seeu-
<br /> rity instrument covering real property. This _l-Iortgage sh�ll bc governed by the law of the jurisdiction in which ,
<br /> * the Property is located. In the event tliat ai�y provisio�i oi• clause of tliis �4ortgage or the Note conflicts with ;
<br /> applicable law, sucli conflict shall not affect otlier provisions of this \fortgage or the Note which can be given `
<br /> K effect without tl�e conflicting provision, and to this end the provisions of the \Zortgage and the Note are deciared
<br /> to be severable.
<br /> �, 16. Bonower's Copy. Borro�ver shall be furnished a conformed copy of this biortgage at the time of execu-
<br /> tion or after recordation hereof.
<br /> � '' 17. Transfer ofthe Property: Assumption. if all or uny part of the Property or an interest therein is eold '
<br /> °' or transferred by Borrorver �vithout Lender's prior cvrittec� consent, excluding (a) the creation of a lien or encum-
<br /> � brance subordinate to tkiis �4ort�age, ( b ) the creat.ion of' u purchase mone,y security interest For household appli-
<br /> p ances, ( c) a transfer by devise, descent or b,y operation oC ]s��� upon tEie denth of a joint tenant or (d) the, grant of
<br /> y any leasehold interest of three years or less not containing un option to purchase , Lender may, at Lender's . option,
<br /> ? declare all the sums secured by this Morigage to ue iinmedi��tely due and payable. Lender shall huve �vaived such �. `
<br /> ' option to accelerxte if; prior to tlie srsie or transfer, Lender aiid tl�e persyn to �vhoin the Property is to be sold or �
<br /> � transferred reacl� agreement in �vriting that the credit of such person is satisfactoty to Lender and that the interesE
<br /> � paysble on the sums secured by this AZortgage shall be at such rate as Lender shall request. If Lender has waived
<br /> � the option to accelerate provi3ed in this paiagraph 17 and if Borrower's successor in interest has executed a writ-
<br /> y ten assumption agreement accepted in writing by Lender, Lender shall release Borrower froru a21 obligations under, ;;
<br /> � � this Mortgage and the Note.
<br /> �' If Lender exercises sucl� pp�ion to accelerate, Lender shall �nai] Boirower notice of acceleration in accordance
<br /> witti paragraph 14 hereof. Such notioe si�all pro��ide a period of not less tlian 30 d�ys from tl�e dx�te the notice is
<br /> ;, mailed within whicl� Borrower may puy t.h� sums declared due. Tf Borro�ver fails to puy such sums prior to the
<br /> expiration of such period , Lender may, witl�out furtl�er notice oi• demand on I3'm•rower, im•oke any reniedies per- �
<br /> mitted by paragraph 18 hereoL `
<br /> Nox-UxiBox.az CovExnrz�s. $oi•i•owex• and Lendei• i'ui•tl�er covenant arid ag•ree us follotivs : '
<br /> 18. Acceleration; Remedies. Lxcept xs pro�•icled in } �:irt�gr;i�>li 17 hereof, u�ion I3orrower's breacli of any
<br /> ; covenant or agreement of Borrow�er in thi, Sim•t�age, incltiding tl�r co�renants to pay �vhen due any sums secured
<br /> ,, by this 1lortgage, I.ender prior to :aceelerution sl �all moiil noticc to E3orro��-cr as !n-ovided in j»ragraph 14 hereof
<br /> �� � � � � specifying : ( 1�) the breach ; (2 ) t-l�e actior� rcquired to cw�c 5ucl� t�i•eacl� ; (31 a datc; not. Icss fhxn thirty dnys
<br /> f fron� the date the noticc i� mailed to I3on•o��•cr, b�� ��•liich sucl� breacli n�ust bc cured ; an�l (41 that failure to cure
<br /> ^ such breach on or before i��e date specified in tlie noticc iuuy result in acccici•:�tion of tlie suins secured by this
<br /> '�4ortgage and sale of the Property. If the brcucli is not. oured or or before thc date specified in tlie notice, Lender
<br /> at Lender's option may declarc nll of the �miis secw•ed by thi � JZortgage to be iminediatcly due ssnd payable
<br /> w�ithout further demand and may foreclose tl�i� \iortgage l�r� judici:il proceeding. Lender shall be entitled to collect
<br /> in such proceeding all expenses of foreclosure , including, but not liinited to, cost.s of documentarv evidence,
<br /> abstracts and title reports.
<br /> 19_ Boaowei s Right to Reiastate. �otµ�ithstandiug Lender's acceleration of the swvs secured 1>y this
<br /> ` Mortgsge, BoTrower shall have the right to lia��c anF- �iroceeding� begun by T,ender to enforcc. thi. �fortgage dis-
<br /> � continued at any time prior to entry of a judgment. enfoxcing thi, �lortgage if : ( a ) Borrower pays Lender all
<br /> suma which would be t}�en due under, tl�is �Iortgug� , the Note .ind notes seciiring Futurc Advances, if any, had no
<br /> F � acceleration oecurred ; ( b ) Borrower cure� all breaches of � ny other co� en:ints or tigmements of Borrower con-
<br /> tained in this Mortgage ; (e ) Borrower pays all reasonable espen�es incurmd b�� Lender in enforcing t.he covenssnts
<br /> and agrecmeats of Borro«'cr cor.taincd in tliis �Iortga,•;c anc: in cr�fazcing Lcndc:'� rei..ectics a� proti�ide�l in i�sra-
<br /> f ' graph 18 hereof; ineluding, but not limited to, reasonable attoi•ney 's See� ; ani9 (d ) F3orrowcr tsskes such action as
<br /> � T,ender may reasonably require to assure that t.he lien of this \lortgage , Zender's ieterest in the Property and
<br /> Borrower's oUligatiorrto p3y the sums secured b,y thi_ 1Toi•t,gafie el�iill continuc unimpaired. L?pmi such psyment °
<br /> and cure Uy Borrower, this Mortgage and the obligation: secured hereb�� chall remain in full forcc and effect gs if
<br /> , no acceleration had oecuTred. . : � .� *,, �"`•
<br /> ^ � 20. Asai9ameat of .Rsats: Appointment of Receiver; Lender in Possession. A� additional security here- �w � �N� � .
<br /> � under, Borrower herebyassigns to Lendec tl�e rents of tlie Properr }•, pi•ovideci that Borro��er shall, prior to acceler- ��" � ;
<br /> ' atian under paragrsph 18 hereof br abandonment of t��e Yro��erty, l�a�•e the right to colleet and retain such retits ';;� �}
<br /> � ' aa the �ecome due and " a able.
<br /> ? Upon acceleration under paragrapl� 18 hcreaf or ahrinclonmeut of tl3e Yroperty, Lender, in person , bv agent "� �`
<br /> a , .
<br /> or by :jt33icisldy a�ointed receiver stissli ix entitieci r,o ei�teT• upc�u, take ���s,es�iv» uf axn�3 u�ai�aKe 6he Property
<br /> and to �ollect the rents of ilae_ Pi•u�,erty , iucludi�cg llic+,� , �r9bi Que. All rents uolleutf;�l i�y :,e>>der ui• tLe i•eceivvr � 1,�
<br /> shall be applied'first to payment of the costs of manageroent of the Yropert�� and colicction of rents, including, but
<br /> not limited to, receiver's fees, �uemiums on rcceiver's bonels and reasonat�le uttorney's fees . and t.hen to the sums
<br /> cecxirec� by thia Mortgnge. Lend?r and the tPceiv�r ���ail h� liNhlP to nocoitnt only fnr th��e reotc �i�ttiallp rnceive�l ,
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