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<br /> not extend oi• ��osf.pone the due clate of the montl� l,y ii�rtallments referred to in �aaragraphs 1 and 2 hereof or
<br /> change the amount ot such znstallments,
<br /> 10. Bozrower Not Released. �xtension ' of tl�e tinie for �ia,ynient or modification of amortization of the sums
<br /> secured by this Moitgage granted by I.ender to any �uccessor in int,erest of Borrower shall not .operate to release,
<br /> ' in any inanner, the liability� of t.l�e originaf I3orrower and 13orrotver's successors in interest. I.ender shall not' be '
<br /> required to commencej�roceediiigs against'such succe�sor or i•efuse to eztend time for payment or otherwise modify
<br /> �;1 amortization of the sums secured by this \ Iortgage hy rensox� oi :uiy- demanci m�tde by the original Borrower and
<br /> � Borrower's successors in interest:
<br /> lY. Forbearance by Leader Not a Waiver. , Any forbearance by Lender in exercising any right or remedy
<br /> { �� hereunder, or other�vise affor�led by applic� ble la�v , shall not be a cvsiver of or preclude the exercise of any right + '
<br /> � or remedy hereunder: Tlie grocui•ement' of insurance or tl�e payment of taxes or other liens or charges by Lender
<br /> ? � shali not be a waiver of Lender's right to accelerate the matnrity of the indebtedness secured by tlais Mortgage.
<br /> ± " �" 12. Remedies Cumulative:` All remedies }�rovided in this il�ortgage are distinct and cumulative to any other
<br /> .—,
<br /> ' ; '-' right or remedy undei' tl�is .l'Iortgage or tifforded I>y lan� m� equiiy, and may bc exercised concurrently; independ-
<br /> j � ently or successively. ,
<br /> � ' 13. Successors and Assigns Bound; Joint and Several Liability; Captioas. Thc covenants and' agreements '
<br /> � hr,rein contained shail bind , and the rights }�ereunder shall inure tq the respective successors and assigns of Lender
<br /> iand Borrower; subject to tl�e provisions of �isragrapt� 17 1�ereoS: :�111 covenants snd agreements o2 Borrower shall
<br /> � be joint and se��era1. Tlie captions and headings of tLe �iaragrnplis of this �4ortgage are for convenience only and
<br /> x are not to be used to interpret or define tlie provisions hereof.
<br /> 14. Notice. Any notice to Borrawex• pro��ided for in tl�i� \1ort.bag� shxll be gicen by �nailing such notice by
<br /> certified inaif addressed to Borrower at the Yroperty �ddrec� stated bcloa• , except; foi• any notice required under
<br /> paragraph 18 hereof to be given to Borro�rer in tlie manc�er prescribed 6y applicable law. Any notice provided
<br /> ' for in tliis �3ortgage shall be deemed to have beeti given to Borro���er wkien gi�•en in the �nanner designated lierein .
<br /> ' 25. ilniform Mortgage; Goveming Law; Severability. '1'his form of inortgr�ge combine� uniform covenants
<br /> r for national use and non-unifortn covenants �vit(� limited variations by jurisdiation to constitute a uniform secu-
<br /> •; rity instrument coverin� real property. This \Iortgage shnll bc governed by the law of the jurisdiction in whieh
<br /> � the Property is located . In the event that any provision or clause of this �4ortgage or the Note conflicts with
<br /> �pplicable law, such conflict shall not affect. other provisions oP tliis \Iortgage or the Note which can be given
<br /> F eflect without tl�e conflicting provision, and to this end the provisions of the 1Sortgage and the Note are declared
<br /> ; to be severable.
<br /> 16. Bonower's Copy. Borrower shall be furnisiied a confoi•med copy of this \lortgage at the time oF execu-
<br /> tion or after recordation liereof.
<br /> 17. Trcrosfer of the Property; Assumption. If all or any part of the Property or an interest therein ie sold
<br /> k' or transferred by Borrower �vithout Lender's prior written consent, excluding (a ) the creation of a lien or encum- , ,
<br /> � branee suUordinate to tl�is �4ortgage, ( b ) the creation ot � F>urchase money security interest for household appli-
<br /> ,
<br /> _ � ances, (c) a transfer by devise, descent oi• by operation of ]s«- upon the death of a joint tenant or (d) the_ grant of
<br /> i any leasehold interest of three years or less not containing an option to pw•chase, Lender may, at Lender's option,
<br /> � i declare aU the sums secured by this Mortgage to be iiiunediately ciue xnd payable. Lender shall have waived such
<br /> � option to accelerate ii, prior to the sale or t.ransfer, Lender and tihe person to whom t•he I'roperty is to be sold or
<br /> ? transferred reach agreement in writing tl�at the credit of such }�erson is satisfactory to Lender and tliat the interest
<br /> � payable on the sums secured by this D4ortgage sliall be at sucl� rate as I,ender shall request. If Lender has waived
<br /> ; the option to accelerate provided in this paragrapl� 17 and if Borrower's successor in interest has executed a writ-
<br /> ' ten assumption agreement accepted in writing 6,y I,ender, Ler.der shall releaseBorrower from all obligations under
<br /> . ; this Mortgage and the Note.
<br /> ; If Lender exercises such option to 3ccelerate; Lender shaIl .nail Sorrower notice of acceleration in accordance
<br /> � tivitki paragraph 14 hereof. Sueh notice sl�all provide r� period ot not less tl�an 30 days from the dats tlie notioe is
<br /> mailed within which Borrower may p�y thc: aums declared due. IS }3orrow�er fails to puy such sums prior to the
<br /> '? expiration of such period, Lender inay , witliout. furilier notice m• dernand on B'orrower, invoke any reinedies per-
<br /> g
<br /> y mitted by paragraph 18 hereof. ,
<br /> ' \ox-LTrrsas.as Covr;x.i:�Ts. Borro�ver and Lender furtht•r covenant ar,d agree as follo�as :
<br /> �
<br /> a 18. Acceleration; Remedies. E�cept us provided in � aaragra� � ii 17 liereof, upon Borro�ver:s bre:�ch of any
<br /> 4, covenant or agreement of Borrower in tl�is tlort�:ti�c , including tLe covenants to ps,y �+�lien duc any sums secured
<br /> by ti�is 1lortgage, Lender prior to accelerution a6;�i1 m:iil noticc to Ba�ro«�cr as pro��ided in parttgraph 14 I�ereof
<br /> ; specifying : ( 1 ) the breacl� ; ! 2) tl�e action requii•ecl to cu�r aucli Isi•ench ; 13 ) a ciatc , not less tl�an tt�irty days
<br /> � trom the date tl�e noticc is u�ailect to I3orrotiver, I,�� �+•hicli eucL brcacli uiust be cureci ; and ( 4 } that :ailurc to cure
<br /> � sueh breach on or before ihe date specified in tl�e notice u2ay result in accele�ation ot tl�e sums secured by this
<br /> ' Diortgage and sale of the Property. If the breach is not cured on or betm�e tl�e daCe specified in the notice, Lender
<br /> at Lender's option may cieclarc a11 of the swns secm•ed by this \Zortg� ge to be immedistely due. and payable
<br /> S without further demAnd and inay foreclose tl�is �Sortgage hy judicial proceeding. Lender shaU be entitled to coliect
<br /> in such proceeding all espenses of fomclosurc, including, hut not limited to, costs of docuu�entary evidence,
<br /> rabstracts and title reports.
<br /> 19. Sorrowere Right to Reiastate. \`otwitl�standing Lendei's .iccclerntion of the swns secured by ihis
<br /> Mortgage, Borrower shall haye the right to ha��e auy proceedings begun by Lender io enforce this �4ortguge dis-
<br /> continued at anytime prior to entry of a judgment enforcing this \lortgage if : ( u ) Borrwcer pays Lender all
<br /> sums which would be then due under t2tis 1lortgage, t }ie Note and notes securing Future Ad��anccs, if any, had no
<br /> ` acceleration occurred ; (l�) Borrower cures all breuches of an�• other co�•rniinte or ugreements of 13orrower con-
<br /> tained in this �lortgage ; (c ) Borrower pays c�ll rea.onabic ex��enses incurred h� I,ender in cnforcin� tt�e r.o��enants
<br /> ` and �Sreemcnts of Bo:rou-er c�onta�ined in thi� \fort�sgc and ii� iufurcin�; I,cnuer's remedie, as provicie�i in para-
<br /> " graph 18 hereof, including, but not limited to , reasonable attoiroe}• 's Sees ; and � d ) Borrou•er takes such action us
<br /> Lender may reasonably require to assure thai 4he lien of this Jlorigage , Lendc�'s interest in the Yroperty and
<br /> , Borrower's obligation to pay the sums securec! by thL� Dlortgage �halt cantinu� uvimpaired . Ilpun such F�a,yment �
<br /> _ ' and cure Uy Bormwer, this Mortgage and the obligations securecl i�creby shali remuin in full force and effect xs if . -- n
<br /> �y
<br /> : �
<br /> ? no aaeeleration had occurred. � � � � ,
<br /> « 20. Assigument oi ,Runts: Appoiatment o! Raceiver, Lender in Possession, As additional security here- � '�. ;k `�
<br /> under, �3orrow�er hereby sssigns to Lender tlte rents of the Propertp: j�rovicied tliat Borrower shall , prior to acceler- °';� '
<br /> � ' ation under paragraph 1$ hereof or abatidonment of t1�e Property, have t}re right to collect and retain such rents '� "�F
<br /> as they become due and payabie. ' "'�'
<br /> ZTpon aceelerstion under paragraph 18 hereof or ahandonai�ent of the Property , I,ender, in person, by agent "' �
<br /> . or by 9udicialZy appointed receiver shall he ent�tleci to enter npon , take posee��ion o1 and manage thc Propert,y ' ,
<br /> and to ,eolle�;t tLe renta;ot the Proyer#,y, includir�g ,those past due. All rents collected by i,ender er th� receiver ,, ??
<br /> shall be ,applied first to payment of the costs of management of tUe Property ancl co!lection of rents . including, but
<br /> not limited tu, receiver's fees, premiums on receiver's bonds and resssonuhle attornep's fees , and then to khe sums
<br /> �ecured by t?�is Mortgage; Lender nnd thc recci��cr sliall t�c lishie to account oniti• for those rcnts actually received .
<br />� �.�._. _ _ � + �
<br /> Y. . ' . . . . . . . . .
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