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<br /> not extend or postpone the due date qi the monthly instalhnente referred Lo in paragruphs I �nd 2 hereof or
<br /> chai�ge the �sinount 'of sucli installments.
<br /> l0. Borrowez Not Released. Extension 'of tlte tin�e for pac�7nent or modification of ,unortizat.ion of the sums
<br /> secured by this _l�to;•tgage grnnteci by I.ender to any eiiccessm� iii infei•est of Borrowex• shall not operate to release,
<br /> in any inanner, the 1iaUility oS ' the original }3orrower c.nd 13orro�cci•'s, successors in i��terest. Lender sha,ll not be
<br /> i�equired to commence proceedings aga�insG sucli successor oi� refuse to extend time for payment or otherwise modify
<br /> amortizationbf the sums secured by this; \ Iortgage l�y reason uF any decnanil made by the origin�,I Borrower and
<br /> r $orrorver's successois in interest. ' ;
<br /> s , 11. Forbearance by Lender Not a Waiver. Any forbearancc by Lender in exercising any right or remedy
<br /> hereunder, or othei�tvise afforded by. applicable l�.w, shall not be a �vaiver-of or preclude the exercise of uny right
<br /> , i orremedy ]�ereunder. The procurement of insurance or fl�e payment of i.axes or other liens or charges by Lender ,;
<br /> r ' �.,� sl�all<uot be a �vaiver of Lender's rigl3t, _io aceelerate tl�e maturity of the iiiciebtedness secured by this �4ortgage. '
<br /> � �,,, 12. Remedies Cumulativa. all remedies }�rovided in tli�s .�'Iort�age �re distinct and cumulative to any othec
<br /> ' � right or reznedy under tlfis \Lorf,gage or <tifforded hy lan' oz cquir.}• , and �ni�y be exercised concun•ently, independ-
<br /> � � ently'or successively. - , '
<br /> ' � •13. Successors and Assigns Bound; Joint and Several Liability; Captions. The co��enunts ancl agreements
<br /> � ,..� herein contained shall -bind, :snd the rights laereunder sl�all inure to, the respective successors and assigns of Lender
<br /> F """- � and 13orrower; subject to tlao provisions of paragruph l7 IaereoL All coveuants and agreements of I3orrower shall
<br /> t � be joint ancl several. Tlie captions and headings oi tl�e paragrriphs of thi� \Iortgagc are for convenience only, and
<br /> 9 � : are not to be used to interpret or define the in�ovisions liereoL
<br /> � , 14. Notice. 9ny notiec to Borrower pro�•ided for in tln� \LortFage �6a11 be gi��en by mailing such notice by
<br /> � certified inail addi•e:sed to I3orron-er at tl�e Yroj�erty 3ddre�� st<� 'ted heio�v, �xcept for �Lny notice required under
<br /> , paragruph 18 hereof to �e given to 13orrower in the ni�nncr prescribed b,r' :ipl�licable laa�. r�ny notice provide<1
<br /> 1 for;in this _llortgage shall be deeuied to hnve been given io Borro�rer when given in tl�e manner designuted herein.
<br /> 1 15. Uniform Mortgage: Goveming Law; Severabi&ty. 'I'I�is form of mortgage emnliines unifortn covenants �
<br /> ! for national use and non-uniform covena,uts �vith limitcr.i t�ariations lry j ui•isdiction to constiLute u uniform secu-
<br /> �" rity instrument covering renl property. Thiy \-Iortgage shall be go�•erne<:i by the ]a�v of the jurisdiction in which
<br /> � the Property, is located. I:� tlie event that any provision or clausc of tliis \-1orf-gagc or tl�e \�ote conflicts with �
<br /> upplicabie law, such conflict shall not sffec,t other provisions of titis \iortgage or the iVote which can be given
<br /> � effect without the conflicting �-irovisiun , and to this end the provisions of the _lTortgage and the Note are declared
<br /> '; to be severable.
<br /> � 16. Bonower's Copy. Borrower sh111 be furnished .x conformed copy of this �lorfgage ai: the time ot execu-
<br /> f tion or after recordation hercof.
<br /> $ 17. Tzansier of the Property; Assumption. IF all or any part of the Property or a�i interest therein is sald �
<br /> or trnnsferred by Borrotver without Lender's prior �vritten consent, excluding (a ) the creation o£ :� lien or encum-
<br /> � ` brance subordinate to thi= �4ortgage, ( b ) tt�e ci•eaiion of �� purchase moncy security interest for household appIi-
<br /> ances, (c) a transfer by devise; descent or by operution of la�r upon the death of a joint t.enant or (d) the grant of
<br /> jany leasehold interest of three years or less not containing au opt.ion to purcl�ase, Lender may, at Lender's option,
<br /> � declare all tlie sums secured by this �4ortgage to be iminediately due anci payu6le. Lender shall haec waived such "
<br /> � option to acce3erut.e if, prior to the sale or t.rnnsfer, Lender uiid ilic person to ticliom tlie Property is to be sold or
<br /> transferred reach agreement in �vrit.ing that tl�e credit ot sucl� person is satisfactorp to Lender and that the interest
<br /> payable on the sums secured by this �4ortgage shall lie at sucli i•ste as I.ender sliall request. If Lender l�as wnived
<br /> the option to accelerate �rovided in this paragrapli 17 and if 73urrower's �uccessor in interest. has executed a writ-
<br /> � ` ten assumption agreement accepted in ti��riting by Lender, Lender skrall releaseBorrower from all obligations under ',
<br /> � this Mortgage and the Note.
<br /> A If Lender exercises suc6 option to accelerate, Lender shall �nuil Boi•rower notice of acceleration in accordance
<br /> F - �vitti �raragrap}� 14 hereof. Sucl� noticc sl�ull E�rovide ri perioct of not less thain 30 days from the date the notice is
<br /> '� mailec] wif,hin �vhicli Borrower inay pa�- il�e sunis declured duc. Ii }3orrower fails ko pay sucli �ums prior to tlie
<br /> expir:ition of sueh perioc3 , Lender may , ��'ithout further notice or c3emand on S'orro�ser, invol:e x�ny remedies per-
<br /> � mitted by paragrapli 18 hereof:
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<br /> " f i�ox-ZJxzFuxrz CovExnrxs. Bui•i•o�ver a�id Lendei• fui•tlier covenant and ag•ree as folloiti�s ;
<br /> � `. 18: Accelera6on; Remedies. Lacept as l�ro��irled in � �arn�rryih i7 licreof, u�ion Bbrro�cer's breach of any
<br /> s covenant or ;tgreement of 73orro�ver in tl� is \iurt�;agc , inrluding tLc covenunts to pny �rhen duc' any suins secured
<br /> � by this .11ortgage, Lender �n'ior ta :icceleration sh�ll �uuil notice to F3orrowcr as pro�•ided in par.igru��l � t4 l�ereof
<br /> specifying : ( 1 ) , tt�e breart� ; 1:2 ) t.he nction requircd to cuic sucl� breac3 � ; 131 a date, not l�ss thun thirty days
<br /> ? � � �� from � the dste tl�e not�icc is matilecl to I3orrowcr, 1 >}• �rhirli ; iici � brcrticl � iuu,t be cured ; and (4) that failurc � to curs �
<br /> such bceach on or before the. date specified in tl�e notice inuy �•esult in ncccleraiivn of the sum� secure<3 Uy� this
<br /> �Tortgage and sale oT the Property. If the breacli is not cured on ot• before tlie <izie specificd in tl�e notioc, Lender
<br /> � ut Lendei'spption may declarc �II of the sum� secured }�y this \7ortgage to hc immediately due znd payable
<br /> w� ithout furtlYer deinaud and mav foreclose tl�is \7ort�;age b_y judicial proceeding. Lender shalt be entitled to collect
<br /> � in such proceedin�; all expenses of ioreclosure , inducling, but uot liaiited to, costs ot docmiientary evidence,
<br /> rabstractx and title reporte:
<br /> ;ti 19. Baaower s RigS! to Reinstate. �otn•itl�standing I,endei : uccele:ration of the suiu� secured by tlyis
<br /> g , Mortgage, Borrower siiali have the rigk�t- to l�a�•e ai�y proceec9ings begwi by Len<9ar to eistarce t.lsis \Sortgage dis-
<br /> continued at any time prior to: entr}+ of a judgment enfo�cing thi, 1lortgage if : (a ) BqrrowE.r pa,vs I.ender all
<br /> ? sums which would be then due under this �Iortgu;;e , thc i��ote aud notea securing Future Ad�•ances, if any, had no
<br /> accelerataon occurred ; (bj Borrower cures ull brcaches ot uny �tlier ro�-ennnts or a�;reements of Borrower con-
<br /> s tained in this Mortgage ; {c) Borrnwer payc all renconable eapi�nse� i�icurred hy LendFr in enCorcing tl�e covenanis
<br /> nnd a;greements of I3orro«�er cor.tained ;n ttii� \1ort,gagc a::d in �iiio.•.::�, L�n�ler', r�;i.ec:ies as t�ro��:ded i7 F�a,n-
<br /> P graph' 18 hereof; including, but not limited to, reasonstile attorney 's ieee ; and fci 1 13orrosser takes such action as
<br /> � Lender may reasonably require to ussure that the lien of tl�is 17ortgage ; Lender's inGere,t in the Property and
<br /> Borrower's obligation to pay the sums secured 1>y thi� _liortg�ge shs11 continuc uuimpaired. Upon such pr�pment
<br /> � snd cure by Borrower, this Mortgage and the obligxtions �ecured herebp shn11 rexY3�in in full force and efiect as if t - • -,^ '
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<br /> � no acceleration had occurred, .;
<br /> ` 20. Asaignmeat of Reaffi; Appointmeat of Heceivez: Lendez in Possessioa. :�s a�dditional security here- � �'',R .`T"""
<br /> under, Borrower hereby>asai�ns to Lender t13e rents of the Propertv . provicled th�t �orro�ver shall , prior to acceler �'� >
<br /> � atian under paragraph 18 hereof or abandonment af the Property, ha�-c thc ri�ht to collect and retain sucl� rents `'� ;��
<br /> : as they become due nnd }�ayable: ' "�
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<br /> ' , ' . Upon acceleraLion under psragra�h ;18 hereof or abandonment ui thc Yro��erty�, Lender, in ;�ergon , Uv sgent � '� ;
<br />� a or by judicialIy appointe3 receiver shai3 be entitled to enLer u��on. take possessi�ii oi and �nasiage the Propercy
<br /> and bo colleat 't-hn A•enta of tl�e - Property,, iriz�latl 'uig thos� �aast tlue. All r�iits c�ll�vte3 i,�y I,ender a tlir raceiv��r :,, _
<br /> ; ; shall be applied, first to payment of the costs of nzanagement of tlie Property and collection of rents , including, but
<br /> not limited to, receiver's fees, l�remiums �n receiver's boncit und re:ssonable attorney'� fee�, xnd iben to #he sums
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<br /> ' secured by this Mortguse. Le+:der and th'e recei��er siiall he ! itih3e to accotrnt onl�� for those rent� 3ctun111� receired .
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