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<br /> not extend or ��ost.pone the due ilate of tlie montlih� instalhuentc �•�ferred to in paragraphs 7 and 2 hereof or
<br /> change the amount of such inst�llinents.
<br /> 10. Bonower Not Released. Extension of the time for payinent or modificat.ion of amortizr�tion of the sums
<br /> secured by ' t6is J�Iortgage granted by i.e�ider to unv :>i�ccessor in interestof Borro�+��er sl�all not operate to release,
<br /> 'in any manner, tlie liability bf the original I3orrower and Burrou�ci's successors in interest. Lender shall not be
<br /> required to eommence' proceedings 'against such successor or refuse to extend time for payment or otherwise modify
<br /> ^ � arnortization of the surns secured b,y this \Iortgage by� reasmi of any demand inade by ,the original Borro�ver and
<br /> �' Borrower's suecessors in interest.
<br /> G� I1. Fo:bearance by Lender Not a Waiver. Any forbeurance by Lender in exercising any right or remedy � .
<br /> �U' hereunder, or otherwise afforded by :�pplicab3e' lat4; shall npt be' a tivaiver of or preclude the esercise of any right
<br /> � or remedy hereunder. The procuremenc of insurance or tlie pay�nent of taxes or other liens or charges by Lender c ,
<br /> � ; O shall not ' be a waicei• of Zendei's right to aceelernte thc maturity of the indebtedness secured by this iVIortgage. �
<br /> , ^`J� 12. Remedies Curnulative. All remedies i�rovided in this 14ort.gage are distinct and cumulative to sny other
<br /> � right or remedy under this \Ioitgage or afforded by la��� or ecjuity , :�n(9 rnay be exercised concurrently, independ- `
<br /> :� ►� ently or successively. i
<br /> ^ 13. Successors and Assigns Bound; Joint and Several Liability; Captions. The covent�nts and agreements `
<br /> herein contained shall biiid , and the'rights hereunder �1�n31 inure to, thc resPective successors and assigns of Lender
<br /> and $orrower, subject to the provisions of paragruph IZ hereof. :All covenants and sgreements of Borrower shall
<br /> Ue joSnt and several. The captions and l�eadings of the paiagr.cphs ot this \Iortgagc are for corivenience only and
<br /> are not to be used to interpret or define the provisions liereof.
<br /> 14. Notice. ' Any notice to Borrower pro�•idcci ior in this �Yortgage sl�all be gi��en by inailing such notice by �.
<br /> certified mail addressed to Borro�cer at the Property Address stxtecl below , except for any notiee required under
<br /> paragrapli 18 hereof to be giveu to BorroH�er in ilie manner prescribed by appliczble law. Any notice provided
<br /> for in this �lortgage sh�l1 be deemed to 6avc becn given io 33orro�ver when given in the �uanner designssted herein.
<br /> 15. Unaform Mortgage; Goveming Law; Severability. Tl� is form of mortgage combines uniform covenants i
<br /> for national use and non-uniform covenants �vith limitecl variations by jurisdiction to constitute a uniform secu- ?
<br /> rity instrument covering re�l property>. This llortgage shall bc �overned by the law� of the jurisdietion in which !
<br /> the 'Property is located. In the event that any provision or clause of tdiis :lZortgage or the Note conflicts with `
<br /> ; applicable law, such conflict shall not affect other �>rovisions oi this \lortgage or t,he Note wl�ich r,an be given
<br /> effect withaut the confiicting provision , and to this end the provisions of the \Zortgage and the Note are declared
<br /> to be severable. `
<br /> 16. Bozrower's Copy. Borrower shall be furnisl�ecl n conformed copy of this P4ortgage at the time of execu- f
<br /> tion or after recorda,tion hereof. I
<br /> ' 17. Transfer of the Property; Assumption. If all or any parC. of the Property or an interest therein is sold
<br /> r ortransferred by Borrower without Lender's prior written consent, excluding ( a) the creation of a lien or eneum-
<br /> z brance subordinate to tl�is \-lortgage, ( 6 ) tl�e m�ention of a purchasc mone}* security interest for household appli-
<br /> ances, ( c) a transfer by devise, descent or by operation uf la��� ul�on tl�e denth of a joint tenant or (dl tl�e, grant of
<br /> � any leasehold interest of tliree years oz• less noi contaiuiiib u�i option to purcl�ase, Lender may, at Lender's option,
<br /> ' declare all the sums secured by 'this Mortgage to be iminediately flue unrl payable. Lender shull have waived such
<br /> option to r�ecelerate if, prior to the sale m• transfer, Lender and tl�e person to �vhoin the Property is to be sold or
<br /> , transferred reacli agreement in writing [l�at the credit of sucl� person is satisfactorp to Lender and that the interest
<br /> payable on the sums secured by this �'ioi�tgage sl�all be at sucli ratc us Lender shall request. If Lender has waived
<br /> the option to accelernte provided in ti�is paragraph 17 and if Borrower's successor in interest has executed a writ-
<br /> '; ten assumption agreement accepted in �vriting by Lender, Lender shall release Borrower from all obligations undez•
<br /> ' thie Mortga.ge and the Note.
<br /> If Lender exercises sucl� option to accelerate, Lender shall �naii 13orrower notice of acceleration in accordsnee
<br /> �vith para�raph 14 hereof. Such notice sliall provide s period of not lcss tlian 30 dayc from t.he date the notice is
<br /> mniled within �vhich 33orrower may pay the sums declared due. lf 13orro�rer fails to p;�y such suu3s prior to the
<br /> expiration of such period, Lender may , ivithout turtl�er notice or dem� nd on B'orro�ver, invoko :Lny remedies per
<br /> _ mitted by para�graph 18 hereof.
<br /> \'ox-LJxiFoiinz Covrxn�Ts. }3orro�ce �• ancl Lendei• furtl�er covenant and anree as fo]lo�vs :
<br /> 18. Acceleration: Remedies: Except as �iro�•ided in � �.ir�i�;r,i� ih 77 hereof, upon Borro«�e�'s bre;ich of any
<br /> covenant or ugreement of Borro«�er iu this �1ort�;age , including thr co�•enants to pa5 when due any sums secured
<br /> by this \'Iortgage, I,ender luior to :tccelerutioe� .lisll m:iil uotice to I3orru���cr aas � n�o��ideci in pzu�agrapL 14 hereof
<br /> specifying : � � ( 1�) Lhe � bre�cG ; (2 ) tl�e nc�tion reqt�ired to c•,ure sucl � 1�rcacl� ; ( 3 ) a d�tc , not less tl�an thii•t} days � �� � � �
<br /> from the date thc notiee is mailed to I3orro�� er, h�• �rhicfi �ucl � breach must be cm•ed ; snd 14 ) that fxilurc to curc
<br /> � such breach on or before tl7e date specified in the not.ice m:sy i•esult in uccelei•ution of tlie suins secured by this
<br /> :�lortgsge and sale of the Pro��ertp . If t6c l.�reach is not cured or. or before the date specified in the notice, Lender
<br /> at Lender's option may declarc all of the sums secin�ed by thi� 14urtgage to he immediately due anrl Payable
<br /> without further demand nnd may foreclose tl�is �Iortgage 1>y judicial procceding. Lender sh�ll I�e entitled to collect
<br /> in such propeeding ali expenses of foreclosui•e; including, bui not liiuited to, costs of docurrientarv evidence,
<br /> abstr$cts and title reporis.
<br /> 19. Bonower's Right to Reinstate. Notw•itl�standing I.ender: accc:leration of the sums seeured by this
<br /> Mortgage,Borrower shall have the right to have anp proceedings begun by Leud<�r tu enforre thi, lfortgttge dis-
<br /> continued at any time prior to entry of a judgment. eufoYcing this 1lortg�ge it : ( al Borro�ver pays I.ender all
<br /> sums which would be then due under this 1'Iortgugc, tlie �'ofe nn�i notes securinK Future Adeances, if any, had no
<br /> acceleration oeeurred ; ( Rt} Borrower cure� all brencl�es of am• other co��c,nuni� or xgrcement, of Borrower coi�-
<br /> tained in this Mortgage ; (c ) Borrower pays ail reasonable ex��ense� incurred bv I.ender in enSorcing il�e covenant.s
<br /> and agreem�nts of Boz.-o�ver contained in thi� llorigage and iu en ;orcin�; I.cuc3�r's r�uiedic, a� i�roc:ded in pura-
<br /> graph181�ereof, including, but not limited to , re2�onable sttoriie}� � tcs� : and id ) Borroti��cr t.akes such action as
<br /> , " Lender may ressonably require to assure t.hat the lien of tl� is \Iortgage, Lende�'s icierest in the Property and
<br /> Borrower's obligation to pay the sums secured h,y tLis \ 1m�tgiiqe st� all continuc unim��fiired , L'}�on such payment '
<br /> and cure byBorrower, this !�Zortgage and the obligatSons secui•ed l�ereb�� slisll remsin in full force and effect as if ' � ° �';;;,
<br /> no acceleration had occurred. + � " �
<br /> 20. Assignaaeat' of Reats: F�ppoiatment of Receivet: Lender in Posseasion. As additional security here- � ' �" �
<br /> l � under, Borrower hereby assignsto �.ender the rents of tl�e Propertc , pro�•ided that'Bqrro«�er shall ; prior to acceler- °�`
<br /> 4,� ation' under paragraph 18 hereof or abandonment of the Property; hurc tiie right to collect and retain such rents � � M ;", fi
<br /> us they beciame due and payable. �
<br /> Upon acceleration under naragraUlr 18 hereof oc ah�ndonment of the Yroperty„ Lendcr, in person , by agent
<br /> or by judicaslly appoinied receivershall be ent.iGled io enter upon , tuke ��ossessiun oi zirid inanu�;e the Yropercp
<br /> snd to �ollect the reiits of the Pro}>erty, icxciuciiiig ihose past due. �11 i•ents coilecied i�y Leiider vr the receiver � �-'
<br /> shallbe applied first to payment of the costs of inanagement of tl�e Property und collection o[ rents, includin�, but
<br /> „ . .
<br /> not limited to, receiver's fees, premiums on receiver's bonds a�id reasonable Nttorney 's fees. and then to t.he sums
<br /> . � secured by this '�4ortga�e. Lendcr and thc rccei��ci shall !>c liahlc to account onl�� for thosc rent� actualty mcei�•ed .
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