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<br /> not extend or postpone the due date of fhe monthly iustalhnents referred to in paragrrsp}is 1 and 2 hereof or
<br /> change the amount of such installments.
<br /> ZA. Borrower Nof Rgleased. �xtension o€ the tinie for payn�ent or modification of amortization of the sums
<br /> secured by this i�Iortgage granted �,y Lender to unr successor in interest of Borrower shall not operate to release,
<br /> in any manner, the liabiIity of tl�e originsl I3orro�r•er and Borroecer's successor� in interest. Lender shall not be
<br /> required to commence l�roceedings against suclt successor or refuse to exte��d timc for payment or otherwise modify
<br /> amortization of the sums secured by tl�is \fortgage l�y reason of any deinand made by the originsi Borrower and
<br /> r Borrower's successors in interest:
<br /> � 13. Forbeazance by Lender Not a Waiver. riny forbearance by Lender in exercising any right or remedy
<br /> C� ' heTeundei; or 'othenvise afforded by 3pplicaUle la�r•, shall not i�e a waiver of orpreclude the exercise of any right
<br /> ; O? or reinedy hereunder. The procurement of insurance or the payment of taxes or other liens or charges by Lender
<br /> �a � shall` not be a K�aiti�ei' of Lender's right to - accelerate tl�e inaturity of the indebtedness secured by tfiis UIortgage.
<br /> k C'�.; I2: Remedies Cumulative. Al1 reinedies 1�rovicled in this 11orEgage are distinet and cumulative to uny other
<br /> v' right' or remedy under thie _llortgage or afforded tiy la�c or equity, and may be exercised concurrently, independ-
<br /> : �� ently or suecessively. '
<br /> S 13. Successo:s and Assigns Bound; 7oint m�d Several Liability: Captions. The covenants and agreements
<br /> s ^ herein contained shall k�ind , and the rights I�ereunder sha11 inure to, thc respectivc successors and assigns of Lender
<br /> 3 ' � „ nnd Borrower;subject to tlie r5rovisions of part�graph 77 l�ereof: All covenants und agreenients of Borrower shall
<br /> r be joint and severaL The captious and lieadings of tl�e � �uragrapla.,- uP tliis '� fortgage are fa• convenience only and
<br /> are not to be used to interpeet or define the provisiocis liei•eof.
<br /> " 14. Notice. Any notice to Borro�vei• rirovicied for in thi� \Iortgage shull be �iven by inailing sucl� uotice Uy
<br /> ` certified iriail addressed to Borroryer ai ihe Propert.y Adch•ess stated below , �xcept for any notice required under
<br /> ` paragraph 1S hereof to be biven to Borro«•er in tlic inannei• preseribed by applic:�Ule law. Any iiotice provided
<br /> for in this �Tortguge shall he deemed to have been given i,o Borro�acr wl�en given in il�e munner designated hereiu.
<br /> 15. Uni4orm Mortgage; Governing Law: Severability. 'I'his form �f mortg�be combines uniform covenants `
<br /> for national use and non-uniform covenants witli liYnit.ed variations Uy jnrisdiction to constitute a uniform secu-
<br /> � rity instrument covering real property. 7'his \'Iortgage shal] be governed by the la«• of tl�e jurisdiction in which
<br /> the Property is tocated. In the event that any provision or clausc oF this 1Tortgage or tl�e Note conflicts witU ,
<br /> a,pplicable ' law; such conflict shall not affect otl�er ��roaisions of this \Tortgage or tl�e 1\Tote which can b� given
<br /> effect without the conflicting provision , and to this end the �n�ovisions of the 1lortgage and the Note are declared
<br /> � � to be severable.
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<br /> 16. Borrowei s Copy. ' Borrower shall be furnisl�ed n conformed copy of this �'tortgage at the time of exeeu-
<br /> tion or after recordation 7iereof.
<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, excluding (a) the creation of a lien or encum-
<br /> # brance subordinate to this �4ortgnge, ( U ) the creation of ri purchase tnone,y security interest for household, appli-
<br /> � � . ances, (c) a transfer by devise, descent or by operatiai o( la �r upou the death of n joint tenant or (d ) the grant of
<br /> �r� any leasehold interest of three years or less not containing an option to purchase, I.�endei• may, at Lender's option,
<br /> declare all the swns secured {�y this !�4ortgage io be i�tunediately due and payable. Lender shnll have waived such
<br /> option to acceleraf,e if, prior to tl�e sale or t.ransfer, Lender and thc person to who�n the Property is to be sold or
<br /> ' transferred reacl� agreement in writ9ng tliat the credit of sucli person is satisf�ctory to Lender and that the interest
<br /> ' ? payable on the sums secUred by tl»s Mortgage shall be at such rate as I.ender shall request. If I.ender has waived
<br /> J the option to accelerate provided in this para�rapli 17 and if Borrower'a successor in interest lias executed a writ-
<br /> i ' ten assumption agreetnent accepted in �vriting b,y Lender, I.ender shall retease Borrower from all oUligations under
<br /> this Moztgage and the Note.
<br /> ' If Lender exercises sucl� option to accelerate, Lender shall mail Borrower notice of acceleration in accordance
<br /> ` ,' ;' witl� paragraph 14 hereof. 5ucli noiice shall provide a ��eriod of iiot less tl�au 3p days from tlie date ttie notice is
<br /> � inaited within wl�icli Borrower may pay thc suins declared due. If 13orrower fails to pay sucli sums prior to the
<br /> ' expira.tion of such period, Lender may , witPiout furt.liei• notice or demand on B'onrower, invoke any rernedies per-
<br /> ; mitted by paragraph 18 hereof.
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<br /> � , iti�ox-IJuiFoxrr Covr:xw:: Ts. Box•ro�cer and Lendei• furtl�er r.ovet3ant and a;�ree as follo�v5 :
<br /> � 18. Accelerationt Remedies. Exce� >t :�s pi•o�-ideci in puragra� �h 17 hereof, upou I3orro«�er's tn•ei� d� of any
<br /> ,' � covenant or agreement of Borro�ver in t7�is \lortgii�q induding thc covenants to p3y when duc sny sunis secured
<br /> a � � bytl7is i�4ortgage, I.ender priur to accelrration �hall ni;lil nuticc to � I3ori•o�vcr ue pro�� ided iii p�ragrapl� 14 l�ereof �
<br /> ; specifying : ( 1 ) the breac. li ; ( 2 ) the aciion requii•ed to ciu•c such brcacii ; (3 ) a daic , riot less llian thirty days
<br /> j ' from tl�e date the notice is mailed to ]3orro�ver, l ,y �chiclr �ucL in•cach iuust be curec9 ; and (4 ) that failw�c to cure
<br /> s such' breach on m• before ilie datc specified iu tl �c notice uiay rtsult in aeccleration of tl�e sucus securea by this
<br /> i '�lortgage and sale o£ the Property. If the t�mach is not cured on or before tl�c date apecified in tlre notice, Lender
<br /> •i at Lender's option niay declare all oS ihc �wns secw•ed by this �4ortgagc to be inunedinttiv due and payatzle
<br /> without further deinand nnd m�y foreclose tliis �Rortgage by ju<iicial ��roceeding. I,ender shall }�e entiWed to collect -
<br /> in such proceeding a1P expenses of foreclosure, inclu�ling, I>ut not lin�ited to , costs oi docwnentarp evidence,
<br /> ubstracts and title reports.
<br /> I9. Bozrower's Right to Reinstate. Not�ti•itlt�tanding I�ender's acceleration n{ the suui� seeured hy this
<br /> Mortgage, Borrower shall have tl�e right to have aiiy �>roceeding� 1>egwi b�• T.ender to erifurcc ttiis : 1lortgage dis-
<br /> continued at any time prior to entry of a judgment enforcing tliis 1Tortgage if : ( al Borro��•er psys Lender all
<br /> sums which would be then due under this 1Iortgagc , tl�e Note :�nd notes securing F'uture Adeances, if any, had no
<br /> ticceleration occurred ; ( b) Borrower cure� ull breacl�c� of a�3y other co���nanta or agreements �f Borrower con-
<br /> tained in this Mortgage ; (e) Borrower pays all rea�onai�le e�jx>nse� incurre�l b�� Lenr9er in enforcing the cavenants
<br /> and agrcemei�ts of Borrocrer coatained •,n t.iie llort�.i�o ac�d iu rr �ominF Lend��r'> mme.3ie, a� �rravilad iu paru-
<br /> graph 18 hereof, ineluding, 6ut not limited to, reasonable attorne�� 's fee_ ; anci fd ) }3orroii•c+r txkes sueh netion as
<br /> - ; ; Lender may reasonably require to assure that the lie❑ of thie \Iorkga�c , Lendcr's ir.terest in the Yroperty and ,
<br /> . ; Borrower's obligation to pssy the sums secured h�� tl� is \Iort� i�e �l�all continur unisupaired. Upan �ucli pas�ment �
<br /> and cure by Borrower; tfiis Mortgage snd tl�e obligat�ons secured hereby shall rcrosin in full fo:�ce and effect i�s if .� '" a^,,
<br /> no acceleration had oceurred. � �� � +Yk g „
<br /> 20. Assignaiant oi Reats; Appoiatmeat of Receix�er; Lender in Possession. As additional security here- �; ,�� ,
<br /> � under, Borrower hereby asaigns to Lenderthe renls of tt3e Property . providecl -t �iat Barrower shall, prior to ncceler- ��"�
<br /> u„s .sd .
<br /> ation under paragraph 18 l�ereof or sbandonment of the Propertp, liave the rigl�t to coilect and retain such rents `"x}
<br /> as they becnme due and payable: �'�; ;
<br /> ° Upon sceeleration under .paragrapt� i8 hereof' or al�undomnent of the Yropei•ty , Leader, in person, br agent
<br /> or by judiciaily appointeci receiver shai} t�e enticled Lo enter upon , take �os�es�ion ot snci nzanage the Ympercy ' •. _ +
<br /> a��i to callec4 tl�e renter �f i,Fxe rt''ropet•�y; iucluding those pasc due. �111 rentti collected i�y Lender ox the receiver
<br /> shall be applied firsL to pspment oS the costs of uianagernent of tl�e Property anii colleetion of rents, including, t�ut
<br /> not ]imited to, receiver's fees, liremiums on mceiver's bond� s�rd reasonable attorney� 's fees. and then to the sums
<br /> � seeured by this '.VIortgn�e. I.ender snd thcrecei��er et�all hc liab3c to accour.i or. h� for thosc rents setuall�• rccci�-ed.
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