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<br /> not extend oi• lsostpone the due c�ate o1 the montlil� instnllanents re(erred to in paragraphs 1 and `2 hereof or
<br /> ehange the ainount of suel� installments.
<br /> ' i0. Borrower Not ReLeased. IPxtension of the tiiaie for pa,yii�ent or modification of amortization of the sums
<br /> � secured by .this �iortsage granted by I.ender to any successor in interest, of Borrower shall not operate to release,
<br /> 1 , � in itny manner, the liability of the original I3arrower �,nd F3orro���cr 's suecessors in interest. Lender shaII not be "
<br /> � required to commence proceediugs against suc�i succetisor o� iePi:se to extend time for payment or otherwise modify
<br /> �,� amorti2ation of the sums secured by tl�is \Iortgage by reason oi auy demand made by the ori�inal Borrower and
<br /> � Borrower's successors in interest.
<br /> ; ��s 11. Forhearance by Lender Not a Waiver. Any forbearance by Lender in exercising �ny right or remedy >,
<br /> : � , hereunder, oT otherwise afforded by applicable ]arv, shall not be a maiver of orpi•eclude the exerc�se of any right !' '
<br /> h or iemedy ltereunder. The procurement of insui•ance or the �>ayment of tuxes or other liens or charges by Lender
<br /> � � shall not be a waiver of Lender's right>to acceterate the inaturity of tl�e indebtedness secured by this Mortgage.
<br /> ' 12. Remedies Cumulative: Alt ^remedies provided in tl�is \4a•tgage are distinct und'curnulaiive to any othec'
<br /> rightlor rernedy under this 1Iortgage oi• ttiffoi•ded by la��•' 01• ec7uity, �,n<I may bc exercised concurrently, independ-
<br /> b ently or succeasively. . ; ,
<br /> ; 13. Successors and Assigns Bound: Joint and Several Liability; Captions. Tlie covenants and agreemenf�s " •
<br /> ; l
<br /> +' herein contained shali bind ; and the rights hereunder �hnll inure Eo, the respective successors and assigns of Lender �;
<br /> ; andBorrower, subjeet to the provisions of paragrahh 17 hei•eof. All covenants nnd agreements of Borrower shall
<br /> � be joint and several: The captions :�nd l�eadings of the parngrziphs of this \4ortgage are for convenience only and
<br /> are not to be used to interpret oi• define tl�e provisions liereof.
<br /> i 14. Notice. Any noticc to Borrocver pro��ided for in tGis \lortgage shall be given b,y inailing such notice by
<br /> certified uiail addressed to Borrower at tlu Yroperty� �dciress stiited belo���, except for uny notice required under
<br /> paragraph 18 hereof to be given to I3orro�t•er in tlie manner prescribed by applicable lu�v. Any notice provided
<br /> for imthis 13ortgage shall tx deemed to ha��c been given to Borro�+•er i��hen given in tlre inanner designut�d herein,
<br /> 15. Uniform Mortgage; Govezning Law; SeverabiGty. `fhi� forro of martgage combines uniform covenants
<br /> � for national use and non-uniform covenants �vitli ]imited va�riaLions by jurisdiction to constitute a uniforru secu-
<br /> , ; rity :r.strument covering real property. This \1m�tgage shzlt be governed by tUe la�v of the jurisdiction in which
<br /> � the Property is located. In the event that any provision oi• clause of tl�is \-4ortgage or the Note conAicts wit.h
<br /> z applicable ]ttw, such conflict shall not affect other provisioiis ot tl�is \fortga.ge or the Note �vhich can be given
<br /> ^ effect without the conflicting provision , and to this end the provisions of the lfortgage and the Note are deelared
<br /> G to be severable:
<br /> ? 16. Boziowei s Copy. Borrocver shall be fw•nislied :t confm•med copy of this Mort6age at the time of execu-
<br /> # tion or sfter recordation hereof.
<br /> L :i 17. �'ransEer of the Property; Assumption. IP atl or any part of the Property or an interest therein is sold
<br /> ; or transferred by Borrower without Lendei's prior written consent , excluding (a) the creation of a lien or encum-
<br /> brance suUordinate to this \4ortgage, ( b ) the creation of a purchase rnoney security interest for household appli-
<br /> 1 ances, (c} a transfer by devise, descent or by operation of lai+• upon the death of n joint tenant or (d ) the grant of
<br /> t any leasehold interest of thzee yesrs oi• less not containing an option t:o purchase, Lender �nay _ at Lender's option,
<br /> A deelare all the sums secured bp t,his Mortgage to be in� mediately due and ��ayable. I,ender skrall have tivaived such
<br /> � option to aocelerate if, prior to tlae sale or ta•ansfer, Lender and tl�e person to whom t}ie Property is to be sold or
<br /> "r, transferred reach agreement in �vriting that the credit. of such l �erson is satisfaetory to Lender and that the interest
<br /> � Nayable on the sums secured by this �lortgage shnll be nt sucli rate :�s Lender shall request, If I.ender has waived
<br /> ;( the option to accelerate provided in this paragraph 17 aud if Borrower's successor in interest �ias executed a writ-
<br /> { ten assumpiion agreement acceptecl in tivriting 6y Lender, Lencier shali release Borrower from all obligations under
<br /> this Mortgage and the Note.
<br /> F df Lender exercises such option to ssccelera te, Lender shi�l2 �nail Ba•rower notice of acceleration in accordance
<br /> � �vitL r�aragraph 14 hereof. Such notice shall provide a period o( not less than 30 days from the date the notice is
<br /> q mailed within which Borro�ver may pay �he sums decluird duc. If Borrotiver fsils to pay such sunzs prior to the
<br /> ' expiration of such period, Lender may, �vitliout fui�tliei• nocice or dem:�nd on I3'on•o�ver, invoke any remedies per-
<br /> mitted by paragraph 18 hereof.
<br /> ;
<br /> ?�'ox-UxiFoart CovExwx�rs. Borrowei• and Lendei• furthe�� covenant and ag•ree as follou-s :
<br /> ; 16. Acceleration: Remedies. Except as pro��ided in � �arssgra� �L 17 hereot, u��on Borroci�er's t�reacl � oi anti�
<br /> ; covenant or agreement of Borro�aer in this 3lortgage, including thc covenants to p:�y �shen due any sums secured
<br /> � by this �lortgage, Lendcr prior to acceler:�tioi� shall n�ail notice to Borro�ver as provided in �aragraph 14 hereof
<br /> i specifying : ' { 1 ) the breach ; ( 2 ) tl�e action required to cw•c _udr hreacli ; (3 ) x date; not less tlian thirty daqs
<br /> � ' from Uie date the notice is mailed to 13orro«-er, by �cliich :ucli I»•cach �nust be ew•ed ; $nd ( 4 ) that failurc to cure
<br /> such brench �on or before the �ate specified in tlie noticc muy result in �ccelerntio❑ o( tl�e swus secured by this � � � � �
<br /> '�Zort.gage and sale of the Psroperty . If the breacl� is not cureci on or befm•e tl�e daLe specified in the notice, Lender
<br /> at Lender's option may declare all of the sums secured by this \Iortgage to be imrnediately due and payable
<br /> without further demand and may foreclose this ibiortgage by jtidiciul p=oceeding. Lender sl�all be entitled to collect
<br /> in such proceeding u11 expenses of foreclosurc, inelu� ting, but nut limited io, costs of document.ary evidence ,
<br /> �bstracts and title reports. '
<br /> : 19. Boaower's Right to Reiastate. NotWithstanding I.ender's atcceleration of the sucns secured by this
<br /> = Mortgage, Borrower shall have the right to hac-e anp ��rocee�iing: hegun by Lruder t.o entorce U�is 4iortgsge dis-
<br /> ? continued at any time priorto entry of a judgment enfoxcing thi, �Sortgage if : (at ) Borrow-er ��s�s I.ender a13
<br /> � sums which would be then due under this 1lortgage, the I�Tote and notes seciiring Future Adv:ince:, if any, had no
<br /> acceletation occurred ; ( b ) Borrower cures all breuche; of anc other covenants m� agrcements of Borrower con-
<br /> tained in this Mortgage ; (c) Borrower pays a' I reasonsY�le eapenses inc•urred b�.- t.ender in enforcing the coven�tnts
<br /> ' and aereements of $orroirez contained in thi, �Iortga„;c ar.d i.� er. forc:n�; T.en.ler'� irniedie, :�s prucided in para-
<br /> graphl8 hereof, including, l�ut not limited to-; re�,sonable zitto:-ner- 's fees ; and Id ) Borrocver takes such sction as
<br /> � Lender may reasona.bly require tv :�ssure thaG the lieia of thi5 \Iortgagc, 7.ender's interest ir; the Property and a
<br /> Borrower's obligation to pay the sums secured by thi: \IorYgagc sl�ufl continuc uniaipaired . L?pon such payment
<br /> ; and cure by Bormwer; this 314ortgage and the oblig�tioue secured l�ereby slrall remsin ,in fu11 force and eHect sss if ;^� � � '' ,';;:
<br /> . . , : .. ,
<br /> no aaceleration had occurred. r �,:,
<br /> 20. Assiqameat of Reats; Appoimtment af Receiver; Lendez in Possession. As additionnl security here- r � ,', �
<br /> under, Borrower hereby assS.gns to Lendee tlie rents of the Proj�ert��. ��rovided th:it Borrower shall , prior to acceler- ;�yw
<br /> � ation under paragraph 18 hereof or abandonment of the Proj�ert,y, l�yc•e tlie rigl�t to collect and retain such rents � °�
<br /> � � �:
<br /> _ as they beeome due and payable, .. ,t ,,
<br /> ; 'Upon acceleration under paragrapl� 18 hcreof or a.t�andonment of the Yroperty , Lender, ir� person , Uy agent
<br /> or by judieislly appointed receiver siiall be -entiCled to enter Upon , taice possession oi und ina.nage the Yroperty
<br /> and tq eo]le�t the rents of the I'roperty, iueiudiiig Uiusa pas6. due. � lI ients eolleeteci by I.enc3er or the reeeiver �^�
<br /> shallbe applied first to payrnent of the costs of i3ianagement of the Property and collection of rents , ineluding, but
<br /> not limited to, receiver's fees, premiums on mceiver's bond� a��d rr:ason�6le attorney's fee� . and then to the euins
<br /> � secured by thiF MortgngP. T.Pnder Rnd t:he TPCPIVPP PI�AII ��l' li:tble to a�eottnt onjy for tho�e rents nctually recci�-cd.
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