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<br /> riot extend or ��ost.pone tl�e due date of tl�e inonthly instnllinents refcrred to in paragraphs 1 and 2 hereof or
<br /> chnnge the � mount'of sucl� installments.
<br /> 10. Bozrower Not Released. LJxtiensiou of tlze time for pa,yment m• modification of amortization of the sums
<br /> � secured by tF�is Mort�age grante�l by I:ender to any successor iu intem.st of Borrower shall not .operate to release,
<br /> �'j in any n3anner, tl�e 9iabilit,y' of the original Boi•rower and I3orro�ti-cr's successors in interest. I:ender shall not be �
<br /> � � requiTed to commence proceedings agai�st sucli successor or refuae to extencl time Sor payment or otherwise modify
<br /> �v'� amortization of the sums secured by tliis llortgage by reason ot an}� demau<i made by the original Borrower and
<br /> Cj Borrower's successors in interest: , ;
<br /> � � ; 11. Forbearmace by 7.ender Not a Waiver. Any, forbeurance by Lender in exercising any right or remedy
<br /> ' hereundei, or otherwise 'affo;ded by applicable la�c; sl�all not Ise � x•aiver of or preclude the exercise of anv right
<br /> � � � or ren�edy hereunder. The isrocurement of insurAnce or the ��ayment of taxes or other liens or charges by Lender
<br /> s ' �, shall not be a waiver of Lender's i•ight to accelerate tlae maturity of the indebtedness secured by this h4ortgage:
<br /> � 12. Remedies Cumulative. All remedies provi�ed in tl�is \Zortgage are distinct and cumula£ive to uny other' : • ;.
<br /> :� t right or remedy under this �Iortgagc or` affordeci by lase or ec�uiiy; snd inay bc exercised concurrently, independ-
<br /> ' j ently or suc�esaively. ' '
<br /> , .; 13. Suecessors and Assigns Bouad: 7oint and Several Liability; Captions. The covenants and agreements
<br /> ; herein eontained shoU bind, and the rights l�ereunder �hall inore to, the respectivc successors aud assigns ofZender
<br /> � and BorroweT, suGject to tlie provisions of paragrz�pli 17 I�ereoi: all covenands and agTecinents of Borro�ver shall
<br /> `' � be joint and severaL The captions and. headings of the paragraphs of this \Iortgnge sre for convenience only and
<br /> ; are not to be used to interpret or define tlre provisioiis liereof.
<br /> � 14: Notice. Any notice to Borrower provided tor in this \Iortgagc shall 1 >e given 6y inailing such notice by
<br /> certifted �nai( addressed to Borro�ver at the Yroper6y Address �tmited betow• , except for a�iy notice required under >
<br /> � paragraph 18 hereof to be given to Borroc�•cr in t (�e manner prescribed i�y applicable law. Any notice provided
<br /> for in t•his �lortgage shal l I�e deemed to l�ave been given to Borro�ver �etien given in tlre manner desigi�ated herein.
<br /> � 15. Uni4orm Mortgage; Goveming Law; Severability. This form of mortgage combines uniform covenants
<br /> j for national use and non-uniform covenants �vitli limited vnriations by j ux•isdiction to cons 'titute a uniform secu-
<br /> � rity instrument covering real F�roperty. This �fort�age shali be governed by the ]aw of the jurisdiction in which
<br /> ,{ the Property is locuted. In the event that any provision m• clause of tl� is ASortgage or the Note conflicts with
<br /> i applicable ]aw, such conflict shall not affect other provisions of this \Iorigage or t1�e Note cvhich can be given
<br /> j efiect without tlie conflicting provision, and to this end the provisions of the llortg� ge and the Note are declared
<br /> 5 to be severable.
<br /> � 16. Bozrower's Copy. Borrozver shall be furnished a conformed copy of tl�is ltortgage at the time of execu-
<br /> tion or after recordation hereof.
<br /> 17. Trcnsfer ofthe Property; Assumption. If all or any part of the Property or an interest therein is sold
<br /> { or traneferred by Borrower without Lender's prior written consent, excluding (a) the creation of a lien or encum-
<br /> .,.
<br /> � brance subordinate to this 1Sortgage, ( b ) tlie creai,ion of a purcl�ase moticy security interest for liousehold appli-
<br /> k ances, (c) a transfer by devise, descent or b,y operation of la��� upon the death of a joint tenant or ( d ) the, grant of
<br /> + uny leasehold interest of three years or less not contuining an option to purchase, I�ender may, :�t Lender's option,
<br /> � , declare all the surns secured by tl�is Mortgage to Ue iminediately due nnd pay�,ble. Lender shall have w•aived such
<br /> � option to accelerate if, prior to tlie sale or transfer, Lender and tlie peraon to whotn tke Property is to be sold or
<br /> � traneferred reac}i agree�nent in �vriting tl�st the c;edit of sucl� person is satisfactory to Lender and that the interest ; ,
<br /> payable on tl�e sums secured by this A4ortgage sliall lie nt sucl� rate as I.ender shail request. If Lender has waived
<br /> � the option to accelerate provided in this paragrapl3 17 and ii Borrower's successor in interest has executed a writ-
<br /> � ten assumption agreement accepted in writing b}� Lender, Lender shall release Borrower from all obligations under
<br /> � thie Mortgage and the Note.
<br /> r Il Lender exereises such option to accelerate, Lendei• shall maii 73orrower notice oY acceleration in secordanee
<br /> � Fvitl� puragraph 14 hereof. Sueli notice sl�all provide a period oi not Icss tl� an 3U c�ays frotn tlie date the notice is
<br /> w msiled K�ithin which Borrower may pay the sums declarecl due. If I3orro�ver fails to pay such sums prior to the
<br /> :� expiration of such period , Lender inay, �vithout furt6er notice or �temand on B'orrower; invoke any remedies per-
<br /> a mitted by paragraph 18 hereof.
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<br /> � �'ox-iTxiFoxar C,ovExwrTs. Boi•roieei• and Lender fui•tl�ei• co��en�nt and ag•ree a;; follo�vs :
<br /> g
<br /> IS. Aeeeleration; Remedies. Exce�t .is pro �•ided in pai•agraL��h 77 l�ereof, upon 13orrower', k�i•eacfi af any
<br /> + covenant or agreementi of Bori•ower in tl�is tiiortge�ge, including the covenant, to ��ay «�l�en duc anv eu�i�s secured
<br /> ; by this �iortgage, Lender prior to neceleration siiall maii notice to f3urro�ver as ��rovided iti paragrapli 14 hereof
<br /> r s�ecifying: (1 ) the breacl� ; ( 21 the nction required to cure sucl� hreaci � ; � 3 ) a datc , not less tl�an thirty days
<br /> ; irom the date the noticc is mailed to 13on•o�+�er; b�� �� I�ich �uch brc.�.ch �uust bc cw�ed ; a.nd ( 4 ) that failurc to cure
<br /> 'i such breach on or before ihe date specified in the notice ivay result in acceleration of tlie sunis secured by this
<br /> ' Mortgage and sale of the Property . It ihe breacl� is not cured on or before tlie date speeified in the notice, Lender
<br /> at Lender's option may declare all of the smns secured l�y ti�is \tor'cgage to be immediately due and payable
<br /> � � w9thou4 further deinand and mxy foreclose tl�is �fortgage by jiuticial proceeding. Lender sl�all bc entiUed to collect
<br /> ; in such proceeding all expenses of fo�eclosui•c , inclucting, laut �ioC li�uited to , costs of documentary evidence,
<br /> 'd abstracts and title reports.
<br /> � 19. Boaower's Right to Reinstate, Notwithstanding Lender:s aicceleration of the sutns secured Uy this
<br /> ; Mortgage, Bormwer shall t.ave the right to have any proceedings begun by T,ender to enfome this �SO!$�,8gC (�1S-
<br /> ' continued ut any time prior to entty of a judgment enfo�rcing this ltortgage if : ( a ) Borro�t•er pays Lender all
<br /> � sums which would be then due under this \1ort�agc , tlie Note and notes seci�ring Future Adi�ances, if any, had no
<br /> � acceleration occurred ; (b ) Borrower cures nll breache.s of an�� other coven3nr� or a�mements of Borrower con-
<br /> , tained in this Mortgage ; (c ) Borrower pays all reason:�ble e�penses incurred b}� T.ender i�Y cnforcing the cot•enants
<br /> % and agreements of Borrower contained in Yhis '�Iort�;aKe and in enforcin� I .ender'� re�itedies as �irovided in para-
<br /> graph 18 hereof, including, but not limited io; reasonnble sttoi•ne}%s tee� ; and idl Borrower t� kes such action us
<br /> '; Lender msy reasonably require to asrure tlaat the lien of this �Iortgage , Lender'� interest in the Property and
<br /> j Borrower's obligation to pay the sums secured by fhi� \iortgtige shall continue unicnpz�ired. iJpon such pa��nent �
<br /> z ' and cure by Borrower, this Mortgage, and the oblig�tions secured I�ereby c1ia11 re�nuin in full force and eflect as if
<br /> i no acceleration had occurred. . " y ' ¢ " '` r'"�
<br /> , v, a �.;
<br /> 20. Assigssaient oE� Hents; Appointaigat of Receivez: Lender in Possession. As� additionul �ecurity here-� � � � � a. �4 � un.
<br /> � under, Borrower hereby assigns to Lender the rents of tl�c'Property: }�rorided that Borro��•er shall, prior to acceler- ` `�'d
<br /> � ,. � atipn under paragraph 1$ hereof or abandonment of the Property , havc the right to coIlect and reta,in such rents ' � �,
<br /> � as they become due and payable. ' s �?" .
<br /> Upon aceeleration under paragrapt7 18 hereaf or ahandontnent of the Yroperty , L�nder; in person , bv agent
<br /> ` or by jvdiciakly �gpoinfed receiver shw'll be eiztitle<1 ta er,tQr upon, take posses�ior. of and m3nage thc Praperty
<br /> and tc� c.ollert. the rents of the Pro#�rrt.y; inrluAing th�ce ;�a�t due. All rentc colleeted hy I.encier or the receiver
<br /> shall be applied &rst to payment of the costs of irranngement of tiie Property and coliection of rents , including, but.
<br /> not ]imited to, receiver's fees, preiniums �n receiver's bonc�� �snd rez3.sonn�le xttorney's feee. xnd then to the sums
<br /> secured by this Mortgage. LendeT and the receiver s1iall 6e link>le to account only for those rents actually received.
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