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<br /> uot extend or j�ost-pone the due clatc o2 ttie �nontl�ty insfnlliuents reSerred to in paragraphs I and '2 hereof or
<br /> chnnge the " aniount of such installments:
<br /> 10. Borrower Not Released: �xtension of the time for pa,yinent or modificat.ion of smortization ofthe sums
<br /> secured by tl�is Viortgage granted by I.ender tq 'a�rv si�ccessor im interest of Borrower shall not .operate to release,
<br /> in any manner, the liubility of the original I3mro�yer a�id l3orrowcr's successors iu interest, Lender shall not be
<br /> � required to conimence Proceedings agninst si�cli successor or7efuse #o extend time £or payment or otherwise modify
<br /> � amorEization of the sums secured by tl�is 1lortgnge I�y reasoz� of any c3emancl made by tiie original Borrower �.nd
<br /> �f Borrovuer's sflecessors in interest. '
<br /> � ` 11. Forbear�ce by Lender Not a Waiver. Any foTbearance by Lender in exercising any right or remedy
<br /> c . j � hereunder, orotherwise' afforded by applicable la�v, sl�all not be a ivaiver of or preclude the ' exercise of any right
<br /> � � or remedy hereunder. The procurement of insurunce or tlte payrnent of taxes or other liens or charges by Lender .
<br /> �, shali not be a waiver of Lender s right to accelerate the maturity of tlie indebtedness secured by this Mortgage: � .� .
<br /> , " � 12. Remedies Cumulative. All remedies provided in t.liis \4ortgage are distinct and cumulative to anp other
<br /> 3 �� right or remedy under this _llortgage oi• affordeci bv ln��� oi� equity, and inay l7e exercised coi5currently, independ-
<br /> �F � ` ently or succeesively. "
<br /> ^ 13. Successors cmd Assigns Bound; Joint and Several Liability; Captions. The covenants and agreements �
<br /> • • � ^ herein`contuined shull k�ind, and the rights l�ereunder shall inure to; the respectivc successors and assigns of Lender '
<br /> ; _ and 13orrower, 'subject to tl�e provisions of paragr<ipl� 17 'l�ereof. A11 covenants and agreemetits of Borrower shall
<br /> ' be joint and several ; The calrtions and headings of tl�e parugraphs of tliis 1(ortgage arc for convenience only and
<br /> i arenot to be used to interpret or define,the provisions 1�ereoL
<br /> i 14. Noiice. Any notice: to BQrrower pro ��ided for irr this .11ortgaae slial ! be giuen by nii�iling sach notice by�
<br /> certified mail addressed to $orro�ver at the Property Address stated below , except for an,y notice required under
<br /> � puragcapl� ] S hereof to t>e gi�•en tu Borro�ae:• in the manner prescribe<l V�y ap� �licuble law. Any notice provided
<br /> for in this 3Iortgage �hall be deenzed to liavc been giti�en to Borroti�-er �ahen given in tlic inanner designsted herein .
<br /> '� 15. Uni(orm Mortgage; Goveming Law; Severability. 'This forin of n�ortguge combines uniform covenants
<br /> ;j for national use and non-uniforin covenants �vitli ]imiteci ��tiriations by jurisdiction to constitute a uniform secu-
<br /> rity instrutnent covering real ��roperty. Tl;is \4ortgage shall bc governed by the la�v of the jurisdiction in which
<br /> s the Pmperty is located. In the event thaf, ar.y ��rovision or clause of this Mortgagc or the Note conflicts with
<br /> ti applicable law, suci� confiict shall not affect otl�er provisions of this \Iortgage or the Note �vhich can be given
<br /> � effectwithout the conflicting provision, and to tl�is end the provisions of the 1Zortgage and the Note are declared
<br /> � ?° to be severable.
<br /> � 16. Boaower's Copy. Borrower shall be furnished a conformed copy of this �4ortgage at the time of execu-
<br /> # tion or after recordation liereof.
<br /> 17. Transfer of the Property; Assumption. If all or any part of the Property or an interest therein is aold
<br /> � or traneferred by Borrower without Lender's prior written consent, excluding ( a) the creation of a lien or encum-
<br /> ibrance suUordinate to this Mortgage, ( b ) the creation of a purchase money security interest for household appli-
<br /> `, � ances; (c} a transfer by devise, descent or by operation of la��� upon the deatli oS u joint tenant or (d ? the. grant of
<br /> � ; any leasehold interest of three years or less not containing uu option to purchase, Lender may; at Lender's option,
<br /> declare sll the sums secured by thi� Mortgage to bc inm�ediately duc and payable. Lender shalI have �vaived such
<br /> �; option to accelerate if, prior to the sale or transfer, Lender :�nd thc: person to whom the Property is to be sold or , ,,
<br /> ` transferred reaclragreemenC iii writing thst the credit of such person is satisfactory to Lender and that the interest
<br /> � paysble on the sums secured by this :VIortgage sliall be ut such rate as Lender shall request. If Lender has waived
<br /> ' y the option to accelerate provided in this par:�graph 17 and if Borrower's suecessor in interest l�as executed a writ-
<br /> `; ` ten assumption agreement accepted in writing by 7,ender, Lender shall retease Borrower from all obligations under
<br /> , � this Mortgage and the Note.
<br /> � , If Lenc3er exercises suel� option to accelerate, Lender shall enail Bo!•rower notice of scceleration in aceordanee
<br /> � cvitl� ��,ragraph 14 hereot. Sueh notice shall provide a period oS not less tl�un 3U days from the date the notice is
<br /> inailed within �a•liich Borrower u�uy pny tl�e sums declu:•ed duc. If I3orro«�er fails to pay sucli sums prior to the
<br /> j expiration of such period; Lender may , �vitl�out further noticc or dernand on B'orro�ver, invoke any remedies per-
<br /> � initted by paragraph 18 hereof,
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<br /> � , � ::v'ax-UxiFoaaz Cova:xn�•rs. Borrowe �� and Lendei• fui•tl�er covei�ant aiid ag•ree a5 follou�s :
<br /> ; 16. Aeeeleration; Remedies: Except as jiro�•icte<I in pai•agra� �li 17 liereof, upon Borrower's breach of any
<br /> � covenant or agreement of Borro�vei� jn l:his 1lortgz�gq inciudin� thc co��enanis io pay ivl�cn duc any sums secured
<br /> � � bgthis �lortgage, �Lender prior to acceleration ,hall n�uil � noticc to Borro«�cr :�� provicicd ni pai�agr�a>i� 14 hereof
<br /> z specifying : (1 ) the breaeh ; (2 ) the action rcyuired tu curc ,ucli i�reacl� ; 13 ) a datc , not ]ess t6an fhirty days
<br /> "- � from the date tlYc notice is mailecl to I3or•ro�+•cr , I �y �cLich ;ucli Lrer�cli inust be cw•ed ; anci ( 4 ) that failurc to cure
<br /> � such Ureach on orbefore t?�e daie specified in tl�e notice muy resuit in accclr.rai.ion of tl�c sucns secured t>y this
<br /> � � 14ortgage and sale of the Property . If the brea.cli is not cured on or before thc dAte specified im tl�e notice, Lencier
<br /> at Lender's option ma,y declare all oF the surns secured by tliis \-Toi•tg:age ko be itnmediately due. xnd ��ayable
<br /> without further demand and inay foreclose tl�is �lortgage l�y ji�dicial ��roceeding. I.ender shn]! 1>e entit.led to collect
<br /> � in such procecding all expenses of ioreclosure , incluiling, but not li�nitcd to , rosts of documeatar�• evidence,
<br /> abstracts and title reports.
<br /> � ` 19. Boaowei s Right to 8eiastate. 1'ot«�itLstunciing 1.ender', accelerat.ion of the sums eecured by this
<br /> Mortgage, Borrower shall have the riglit to ha��e an,y ���roceeding, tiegun by ).ender t.o enforce tliis 1lortgage dis-
<br /> � continued at any time prior to entry of a judgment enfoxcing this 14ortgage it : { al Borro�c•er pays I.ender sll
<br /> -. � sums whicf} would be then due under t.his �lortgage, the �ote :tin�i notes securing Future Advances, if an,y, had no
<br /> il aeceleration occurred; ( b ) Borrower cures all Urcache� of nm� other cuvei�:ints or xgr<�ements nf Borrower con-
<br /> � tained in this Mortgage ; {c ) Borrower ��ays utl rea�onable expenses incurred bc Lendi:r in enforcing tt�e covenssnts
<br /> und agreements of Borrowtr cuntained in t,i�is \Iortga�;c anci iu eniorcink 7.ender's remedies as provided in para-
<br /> ` graph 18 hereof, including, but not limited to, ret�sonak�le attorneyb fees : �nd td ) Borrower takes such action as
<br /> ° Lemder may reasonably require to assure that tlie 7ien of tl�ie \lortgage, Lender's interest in the Property and
<br /> � Borrower's obligation to pay the sums secured b,y thi� .11ortgage shall cantinuc unirnpaired . Upon such paysnei�t �
<br /> and cure; by Borrower, this T�ortgage and ttie obligatioiis secured l�ereb�� shall re»iuiii in iull force and effect as ii � `
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<br /> � no acceleration had occurred. �
<br /> 20,� � Assi � � �h , i� .
<br /> gnm�ent o! Rents; Appoiatxaeat o4 Receiver, Leader in Possession. .as additional� security lrere- � '�+ r �
<br /> � under, Barrower hereby assigns to F.ender tl�e rents of the Property . pro��ided ' that I3orrower shall ; prior to acceler- ���:
<br /> � ation under paragraph 18 hereof or abandoninent of "the t'ro��erty, ha�•e thc right to colleet ancl retain such rents ;����#
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<br /> . as they beeome due and �ayable. , � ,
<br /> ` Upom acceleration under parsgrapi� 18 hereof ' or abnndontnent of tl�e Yro}�ert.y; Lender, in ��erson , by a�ent �
<br /> � or by judicially appointed receiver ghal! he' entitlec! to enter upon , take �iossession of and manage the Property " ` "
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<br /> � �nd to.coilect the, rents of the Progerty, inctudang Those �s&t due. All ren#s collected t>y Lender or the receiver �
<br /> ? shall be applied fiTst to payment of the eosts pf n�anagement`of the Property �n<� collection of rents, including, but
<br /> not limited to, receiver's fees, premaums on raceiver', bond� and reasonuble xttorney's fees, and then to the sums
<br /> ' secured bg this II3ortgage. Lendcr and the recei�•et' slialt L� liaLl� lu •accoui�l �nlv fur CLo�e reuts actu:�Ilv recei��ed .
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