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<br /> not extend or ISostpone the due date of tUe inontl�ly instatlments referred to in paragraphs 1 and 2 hereof or
<br /> change the amount oi such installments:
<br /> ` 10. BorrowerNot Released. �xtension of the time for j>a,ynieiit or �nodification of amortization of the sums
<br /> secured by this MoTtgage granted by I.ender to uny siaccessor in interest of Borro�ver shall not .operate to release,
<br /> in any manner, the liat�ility 'of the originul Borro�ver and Borrower's successors in interest. Lender shall not be
<br /> required to commence j�roceedings ngainst sucl} successor or refnse to extend time for payment or otherwise modify , ;.
<br /> � ra amortization of the sums secured t�y tl�is \Tortgage by reason of sny demand made by the priginal` Borrower and
<br /> Borrower's successors in interest. .
<br /> �.,, I1, xorbewrcnce by Lender Not a Waiver. Any forbearunce by Lender in exercising any right or remedy
<br /> ,Ca hereunder, or otherwise afforded by applicable latiu, s6a11 not be a wai�er of or preclude the exercise of any right `"
<br /> � or remedy hereunder. 'Tlie procureinent of insuranee or the payment of taxes or other liens or charges by Lender !`
<br /> � a" shall not be a waiver of Lender's right to accelerate the maturity of the indebtec3ness secured by this Mortgage.
<br /> ` C' ' 12. Remedies Cumulative. All remedies provided in this 1lortgage are distinct and cumulative to any other `
<br /> ' �^ right or remedy under this JIortgage or afforded hy la�v or eryuity, and ma,y be exercised concurrently, independ- j
<br /> � "'�i ently or successively. �
<br /> � 13, Sueceasors and Assigns Bound; Joint and Several Liability; Captions. The covenants and agreements , ;
<br /> ` herein contuined shall bind , and the rights hereunder st�a11 inure to, the respective successors :�nd assigns of Lender :
<br /> � and ,Borrower, subject to the provisions of paragr2iph 17 hereof. Al1 covenants aud agreements of Borrower shall E ,
<br /> 3 be joint and several. The captions and }ieadings of t.he paragraE �hs of this \Iortgage are for convenaenee only and
<br /> +"i : are not to be uaed to interpret or define the provisions l�ereof. � `
<br /> ; q I4, 1�'oficei Any notice to Borrower ��ro��ided for in Etiis \Iortgage chall be given by inailing such notice by
<br /> G certified lnail addressed to Borrozver at the Property ?�ddress stnted belo�c�, except for any notice required under
<br /> � paragraph 18 l�ereof to be given to Borrower in tlie manner �ii•escribed by t�pplicable law. Any notice provided
<br /> ; for in this \Tortgage shali !>e deeined to havc been given to Borrower when given in the manner designnted l�erein.
<br /> ; 15, Unifozm Mortgage; Governing Law; Severability. This form of mortgage combines uniform covenants
<br /> a for national use and non-uniform covenants witl� limited variations by jurisdiction to constitute a uniform seeu- '
<br /> rity instrument covering real property. This \Sortgage shall be governed by the law of the jurisdiction in which ;
<br /> the Property is located. In the event that any provision or clause of this \�Iortgage or the Note conflicts with
<br /> � applicable law,'such conflict shatl not affect other provisions of this �lortgage or the Note which can be given
<br /> effect without the conflicting provision, and to this end the provisions of the Vlortgage and the Note are declared ,
<br /> to be severable.
<br /> .; 16. Borrower's Copy. Borrower shall be furnished �. conformed copy of this �Zortgage at the time of execu-
<br /> tion or after recordation hereof.
<br /> i 17. Trm�sfer of the Property; Assumptioa. If alJ or any part of t.he Property or an interest therein is sold
<br /> � or transferred Uy Borrower without Lender's prior written consent, excluding (a) the creation of a lien or encum-
<br /> brance su}�ordinate to this Dlortgage, ( b ) tl�e creation of a purchase money security interest for household appli- ' '
<br /> � nnces, {c) a transfer by clevise, descent oi• by operation of lazv upon the death of a joint t.enant or (d ) the. grant of
<br /> j any leasehold interest of three years or less not containing �n ontion to purchase, Lender may. at Lender's option,
<br /> deelare alt the sums secured by this Mortgage io bc innnediately due and payable. Lender shall have waived such t " '
<br /> � option to accelerate if, prior to tlie sale ortransfer, I�ender and tlie person to cvhom the Property is to be sold or
<br /> transfetred reach agreement in writing that the credit of such person is sat.isfactory to Lender and that the inteiest
<br /> � payable ox� the sums �ecured by this blortgage slial] be at sucl� rnte as Lender shali request. If Lender has waived
<br /> the option to accelerate F>rovided in t.his paragrapli 17 and if Borrower's successor in interest has executed a writ-
<br /> '� ten assurnption agreement accepted in writing by Lender, Lender shall release Borro�ver from aiL obligations under
<br /> a this Mortgage and the Note.
<br /> ' If Lender exercises sucii option to accelernte, Lender shall mait Borrower notice of acceleration in accordance
<br /> r ,� o�itili paragraph 14 I�ereoF. Such notice sliall provide a period of not less f,l�an 30 days from the date the notice is
<br /> � ' mailed within whicl� Borrower may �iay tlic sums declared due. If Borrower fails to pay such sums prior to the
<br /> + exniration of such period , Lender n�a,y , �vithout furt.hcr notice or demand an B'orrower, invoke any remedies per-
<br /> t " mitted by paragrap$ 18 hereof.
<br /> � \Tox-LJxiaotcnr CovFvnxTs. Bori•ower aiid l�endei• furtl�er covenant and ag•ree as follo�vs :
<br /> i 18. Acceleration: Remedies. I�xcept as pi•ovided iri � �at•anra��h 17 l�ercof, u��on Borroa-er's breach of ssny
<br /> a covenant oT agreement of Borrower i�i tliis \lortgage , including tLc covenants to pay wlicn due any sums secured
<br /> � by this �Iortgage, Lender ��riur to acceleratio�i sl � all nu�il noticc to Borro���er ns � »•ocided in pai:tgraph ] 4 hereof
<br /> � specifying: �( 1 ) tl�e breach ; f21 tl�e nction rcquired t� c,w•c suclt hressch ; ( 31 x �iatc, not less tl�an thirt,y days
<br /> � from the date tl�c noticc is irinileci to 13orron•cr, l�y ���I�icl� �urL lirc:ich iuust, be cured ; :�nd (41 that tailarc to cure
<br /> k such Ure�ch on or before tl�e date specified in thc notice �i�ay i•esult in ncceleration of tl�e sums secured by this
<br /> � 17ortgage and sale of the Property. If the brencli is not cured on or before tl�e d�te specified in the notice, Lender
<br /> ` at Lender's option ma� dectai•c, zil of thc swns secured by tlii� Jlortgage to be immediately �lue anci pa,yable
<br /> 3 without further demand and �na�• fo:eclose tliis �Iortgnge by ,iudicial proceeding. Lender shalt be entitled to collect
<br /> � in such proceedin� till eapenses of foreclosure , incltuling, l �ut not li�nited to , costs of d.ocwnent.ary evidence,
<br /> abstracts and title reports.
<br /> � 19. Bonower`a Right to Reinstate. ti'ot�cith:tandin� I.ender'� accelerntion of thc sums secured by this
<br /> } Mortgage, $orrower ahall have the right to l�save any proceedinge hegun by I,ender t,o enforce t,his ;tfortgage dis-
<br /> � continued at any time prior to entry of a judgment enforcing this \Ior#gage if : ( al Borro�ser �isys Lender all
<br /> isums which would be then due under this \Iort�uge, the Note ans.1 notes �ecin•ing Fuiure Adrance., if any, had na
<br /> , acceleration occurred ; (b ) Borrower cure. <ill t.�renct�e, of un�� otl�er coti-enwit, or xRreeinents of Borrower con-
<br /> r` tained in this Vlortgage ; ( cl Borrower �i�ys all reasonahl� �x�x•n�e� incurrc�ci In• T:cnder in cnforoing the covensnts
<br /> ? and agreements of Borrower contained in this �1ort �a�;e .inc1 in enfoi•cing I.rnder'. remedies a�s ��rovided in para-
<br /> , � graph 18 hereof, including, but not limited' to, reasonable attorne�� 's fecs : nn�l Id ) Bon•ower takes such action as
<br /> 2 Lender may reasonably require to sssure tl�at the lien of ttc�� \Iortrage , Lender'c interest in the Property anci ,
<br /> ; Borrower's obligation to pay the sums secured h,y this .1Tortg�i�e �h:i ❑ cantinuc uniinpnirecL Up�n szach payment, �
<br /> , . .. , . , .
<br /> ? and cure by Borrower,; tl�is «ortgage and the obligations secured lierebd �hall re�nain in full force and effect as if , . . ,'.. � , .+�"`� `
<br /> : � no acceleration had occurred. � h w
<br /> 'S 2Q. ;Assigament oi Hents; Appointmeat af Receiverr Lender in Possession. As xdditional securitv here= � � ` `�w
<br /> ". � under, Borrower here6y assignS to Lender Lhe rents of the Propert} , �?roride<i tliat B�rron•er chall ; prior to' acceler- �w��
<br /> ation uflder parsgraph 18 :hereof or abandonment of-the Pro��erty, I�aa-c tl�e right to collect and retssin such rents ` �
<br /> ,�� �
<br /> „ ; as they become due and �ayable. ��r
<br /> ; # LT�?on �,ceeiPration undez naragrap�a 2g IiCreof qr :�b;� ndantnent bf thc Yropert }-, Len�3er, in F>er,�n, Ly ageut ; "�
<br /> � �r by j +xiiicially npPo�nted receiver shall be entitled; to entcY upor. ,.takc possessiota of ;ind mana;;c the Propertc
<br /> _ � 'snd to eolleat the rents of the Pro�erEy, includin� those past due: :All rents collected by Lender or the receiver '� " '
<br />� shall be appiied first to payment of the costs of rnana�ement of the Property ancl collection of rents, including, but
<br /> not limited to, receiver's fees, premiums on:receir-er's bond� s,nd reasonttl,le attornev '� fee� . an�l then to the �nm.
<br /> y g g ceiver shall bc� liah7e to account only for those rents nctu:sllv recei�•ed_
<br /> �..� _ � " �� �
<br /> secured b this :Lfort a e. i.ender and the re
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