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<br /> not extend or 7rostpone the ciue c�ate of the monthFv irstnllinents rE;ferred to in paragraphs 1 and 2 hereof or
<br /> change ti�e amaunt of sccli installmeots .
<br /> ` 10. Bozrower NotRaleased. Extension of t6c time Foi• ��a,ynient or �nodifioation os" amortization of the sums'
<br /> � secured by tliis \�fortgage grantecl by I.ender to anq siiccessor in inEerest. of B�rrower shsll not .operate to release,
<br /> in-any mannei; the 'liability of tl�e originsl I3orrower nnd Borrower's successozs in interest� Lencier shall - not be
<br /> ` required to commence 7�roceediiigs against such succes�or or reftise to cxtend tinze for payment or othernise modify
<br /> �� a,mortization of tlie sun�s secui•ed by� tliis \Tortgage ���• reason of any det�iand tnacle by the original Borrower and
<br /> Borrower's suecessors in interest.
<br /> ? CN 11. Forbearance by Lender Not a Wai�ea r�ny forbearance by Lender in esercising any right or remedy
<br /> ; ;' :C7� hereunder, oT othervi�ise afforded by a��nlicaUlc Ia��, sha11 not be 1 waiver oF or preclude the exercise of sny right ' '
<br /> l 'C7 or 'retnedy hereunder: The �5rocurement of insurance or the payment af ta�xes or other liens or charges by Lender
<br /> i G�'J sha21 not be a �vaiver of Lender's rigtrt to acceler:�te the maturity o£ the indebtedness secured' by tlzis Mortgage.
<br /> " C7 " 12. Remedies` Cumulative. 311 remedies provideij in tl�is \Zortgage are distinct and cumulatiive to any other'
<br /> � ::;:: rightpr remedy undec this �Iortgage or afforded }�y la�v or equity; and inay be exereised concurrently, independ-
<br /> , ently or successively. ,
<br /> ! ^ ` 13. Suecessors and Assigns Botuid; Joint m�d Several Liability; Captions. The covenants and agreernents � '
<br /> ^ herein contained shall k�ind , and tl�e rights iiereunder sl�all inure to, thc respectivc. successors and assigns of I;ender
<br /> , ; und Borrower; subject to ttie provisions oE parssgrn��l� 17 liereof. :111 covenants snd ;Lgrecinents of Borro�ver sliall
<br /> ;, be joint und se��erul. Thec�piions ancl headings oC thc: psr�grapl�c o£ tl�is \Ioi•tgage are for convenience only and ;
<br /> ' are not to be ased' to interpret or define tlie �irovisions laereof. �
<br /> ,� 74. F�Totice. Arzy xiatice Ev Barrotiver lirovidet� for 'vf titis >fc�rtgage Ekall be gtt=en kr5• tn�iting sz�e1� . aotiQe by ` ;
<br /> certified inail addressed to I3orrower �t tl�e Prupei•ty Address statecl belo�j� , cacept Sor any notice required under z'
<br /> � paragraph 18 hereof to Uc gieen to $orro���er in tlie manner preserihed b�• :ipl�licable law. :Any notice provided a;!
<br /> ' for in this �1ort�age sliall be deemed to l�avc been gi��en to Borro���ez• �chen given iii the, irianner designated herein.
<br /> � 15. Unifoim Mortgage; Governing I.aw; Severabiliiy. This forin oi �uortgage combines unitorm covenants i '
<br /> for national use and non-uiiiform "covenants �vith limiEed ��uriations bv jurisdiction to constitute a uniform secu- }
<br /> 3 rity instrumenti cpveringxeal piro�>erty. This \Im�tgage shall be governed hy tl�e la�r of the jurisdiction in which C ;;
<br /> ` the Proparty is located. In the even 't that any pTovision m• clause ot this DIortgage or the Note conflicts with
<br /> ; npplicable law, sucl� conflict shall not affect other provisions of this \Iortgage or t.he Note whicl� can be given �
<br /> : effectwithout the conflicting provision , and to tliis end t.he provisions of the \lortgage and the Note are deelured �
<br /> J to be severable. : '.
<br /> i 16. Bonower's Copy. Borrower shall be furnished a conformed copy of this Alort�age at the time of execu- ; !
<br /> � tion or after recordation hereof.
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<br /> ? 17. Transfer of the Property; Assumption. If ali or any part of the Property or an interest therein is sold
<br /> N, or transferred by Borrower �vitfiout Lender's prior written consent, excluding (a ) the creation of a lien or encum- �
<br /> s brance subordinate to this Mortgage, (b) the creation of n ��urchase rnoney security interest for household appii-
<br /> ances, (c} a transfer by devise, descent oi• by operation ot ]a�s� upon tlie death of a joint tenani or (d ) the. grant of
<br /> ` any leasehold ini.erest of three years or less not containir�g aii opiion to purch�se, Lender inay , at Lendez's option,
<br /> ' declare alI tlie sums secured by this bZortgage to be imm�s<liately due anct payable. Lender sliall have `vaived such
<br /> option to accelerate if, prior to the sxle or tran5fer, Lenuer atid tl�e ��eison to whoin the Property is to be sold or
<br /> transferred reach agreement iii �vriting tl�at tlie. credit of �uch person is satisfaetoiy to Lender and that the interest
<br /> � paysble on the sums secured by this �Sortgnge shull be at such rate as I,ender shall request . Ii Lender has waived
<br /> j the option to accelerate provided in this paragrapli 17 and if Borrocver"s successor in interest has executed a writ-
<br /> t ten assumption agreement accepted in rvriting by J,ender, Lender sha.11 release B�rrower from �ll obligations under
<br /> ° this Mortgage and the Note.
<br /> iIf Lender exercises such option to :tccelerate, Lender shall :nai! Boi•rower notice of acceleration in accardance
<br /> : witli paragrapl� 24 hereof. Sucli noticc shall pro��ide a period of not less t6an 30 days from the date ttie notice is
<br /> � mailed witliin ,which Borrower muy p�y the sums decl:�red duc. If }3orroa•er fails to �S;�,y sucl� sums prior to the
<br /> 3 expiration of such period ; Lender may, �vithout furt,her notice or <lemanci on B'orrower, in��oke any remedies per-
<br /> � mitt.ed by paragrxph 18 hereof.
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<br /> � Nox-UxiFo»ai Cov�xnrTs. Borro�+�er and I.,euder furtl� er uoveuant and aaree as follo�v� _
<br /> ;� 18. Acceleration; Remedies. Eacept �.s �iro�•ided in �uu�zgr:il ,L ll Gereof , ui�on Borrower's firesch of any
<br /> � � � covenant or agreemen6 of Borro�ver in t6is � A-iort�;aige . ineluding the covenant� to p.iy ��•hon duc anv sums secured
<br /> by� this �Sortgage ; Lender prior to xcceleration al�all �uai1 iiotice to Borro�ccr .i� �u•ovided iti p.irssgraph 14 hcreof
<br /> � specifyin� : (, 1 ) the brexch ; { 2 ) the nction required to cure ' �ucli lnracL ; f3 ) a dr�tc, not tess tl�nn thirt�� dayr
<br /> ironi the date the notice i5 mailed to i3orro�cer, by �+-hich �ucli hreach must be etn•�c3 ; and (4 ) tl�nt fuilw•c La curc
<br /> t such breach on orbefore the date specified in tl�e notice muy a•esulY in accelerxtion of tLe swns secured k�,y t3�is
<br /> :�Sortgage aiid sale of the Property. If the brescli is not ccared ors or #>efore thc date specificd in tlic notice, Lender
<br /> � at Lendei's olition u��y � declam, aR of the �ums ��eciired by thie \4ortgagc to he iminediacvly due �nci psyxb3e � � � � � �
<br /> without furtl�er demand sncl may foreclose tl�i, \lortg:age irv judicial ��roceeding. Lender shnll be evtitle�i to eollect
<br /> in such proceeding all expenses of forecloew�e, inchiding, but not liiuited io , costs of d�cumentary evidence,
<br /> abstracts and title reports.
<br /> '. 19. Boaower's Righf to Reinstate. Iv`ote•itliatunding Lcnder; ncceleration of thc: ;uni� secured I>y this
<br /> Mortgage, Boirower shall have tl�e right to have any praceeding. l�egtm by I.ender to enforce this 1Tortgage dis-
<br /> continued at any time prior to 'entry of a judg�»ent. enfqtcing this Vortgage i £ : ( a! $orro�ver pays Lender all
<br /> sums whieh would be then due under this �fortgage. theNote n�ici notes seeiiring Future :Aci��anees, if any, kiad no
<br /> acceleration occuzred ; ( b )- Borrower cures `all breachr:s of nm• otlier eo�-ensnts or agr.�ements of Borrower con-
<br /> tained in this Mortgage; (c) Borrower �>ays ull reasonable � y�rn: cr� inciu�red h}� Lenr.lrr in anforcing ihe covenani.s
<br /> and agreements oi Borrower contained in ihis \lortgagc snd im eniorcing l.ender 's remediea as procided in psru-
<br /> i graph 18 hereof, ineluding, but not. limited to. reuEonaUle attornep 's fees : and id ? I3orrower tskes euch action as
<br /> Lender may, reasonably require to assure that the ] ien oi this � Iortgage, Lender'e interest in the Property and t
<br /> $orrncver's obligation to pay the sums secured by thi� \lortgage �liall continue unimpuired. I?pan such pa_yment
<br /> and cure by Borrower; this Mortgage and the obligations �ecured iiereb�- cf�all retnain in full iorcc and effect as if �'� " * ,'�,
<br /> no acceleration had occurred . ^'
<br /> 20. FissSgssmeat o# Reats; Appointment oE Beceiver, Leader in Possassion. A. additional security here- �r � �"�`
<br /> under,: Borrower hereby `assigns to Lender the rents of thc I'roperzy. j�i•ovid��i t1�at Boi•ro�cer shall ; prior to seceler- '��� '` '
<br /> �j ation under paragraph 1S hereof or abandonment of the Property, ha��e tlie rigi�t to collect and retain such rents f �
<br /> �� � : , , �
<br /> ss they become;dve and payable.' ,� � �`
<br /> = IJpon neceleration under paragraplr 18 heceof or sbandonment of the Yropertv, Lender. in person , bv a�ent � '
<br /> ` ; . ar by: ,judio3slly appointed receiver shali be entitled to entcr uj>on, tske poscesaion of and mana�e t.he Property `
<br /> and to cullect the rents of the Property, including those F�ast due. Al! rents coIlect.ed t>y Lender or the receiver "�
<br /> shall be applied first to payment 'of the costs o#' maz�agement of tl�e Froperty and collection of rents, including, but
<br /> i , ° not Iimited to, receiver's feec, premiums on receiver'c bonds and reasonnble sttorney ', feer , xnd then to the sums
<br /> � �ecur�l Uy 6Lie �Liortguge. Leixler an3 i.l�e receiver sl�u3l be liuble io aceouni oniy ior th�se reni; actunllv receiaed .
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