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<br />� not extend or post,pone t2�e due date o1 the montl � ly inst:ill�nents referred to iti pai•agrapl�s 1 xnd 2 hereof or �
<br /> change the amount of sueli installments.
<br /> l0. Bozrower :+Tot Releczsed, l�xtension of the time for ��e�vment or modification of amortization of the sums
<br /> secured k�y this Mortgage �ranted bv I..ender to �.nr- successor in interest ot Borrower shall not operate to release,
<br /> in any manner, the lia6ility of the �original Borrower and I3orro�vcr's successors in inf,erest. Lender shall not be
<br /> req>>±*ed to commence i�x•oceedings �gainst such successor m• reiuse tc, extend time for payn�ent or otherrvise modify
<br /> un�ortization of the sums secured �y this :�iorL���ge. ;�y rcnson of .iny demanci mssde Uy the original Borrower and
<br /> � r-.s Borrower's successors in interest. . �
<br /> �; 11. Forbearance by Lender Not a Waiver, Any forbearanec by 'Lender in exercising any right or remedy
<br /> �_. liereunder, or otherwise afforded by applica�le law; sliall not be a waiver of or preclude the esercise of any right
<br /> - ��._±�P�., hareunder. Tlie proeurement oi insurance or xl�e payment oi taxes or otiier ;iens �r �herees ny Lender
<br /> �„ shall notJbe a, waiver of Lender's right to accelerate tne ma�ui•icy ci LLi :r.a „btadre�s secitred by this Mortgage: •
<br /> � 12. Remedies Cumuiative. All remedies provided in tl�is �iortgage are distiiict and cumulative to any other �
<br /> r right or remedy under tl� is liortgage or affordc<l by la��� or equit,y, and map be exercised concurrently, independ- �
<br /> � ently or successively.> '
<br /> ^ 23. Successors and Assigns Baund; loint �d Several Liability; Captions. The covenants and agreements
<br /> herein contnined s}iall bind ; and the rigl�ts I�eremider siiall ini.tre to, the respective successors 1nd assigns of Lender
<br /> and Forrower, suUject to :he provisions of paragri�pli 17 hereof. All covenants and agreements of Borrower sl�all
<br /> �e joint and severul . The caE�tions and headings of Lhe paragrc���hs of thi� \ [ ortgage are for convenience only and
<br /> t�re r,at tb be t:sed t� iat.e:prct or �efine th� provisions Lereof.
<br />� 14. Notice. :Any notice. to Borrower pro�•ided for in thi, \iortgagc :hall be gi�-en �y m;iii;r,g such notice bv
<br /> 1 certified inaii addressed io Fsori•o�aer :�t tl�c :':operty �<+di �. � �rated below , except for any notice required under �
<br /> paragrnph 18 hcreof to be given to Borro�; er in Nie munnet prescr�6ed by applicablc lti�v. Any notice praviueu
<br /> for in this \-Iortgage shall be deemed to l�ave been gi��en io Sa•ro���cr when given in tl�e manner designated herein.
<br /> 15. Uniform Mortgage; Governing Law; Severability. 'I'his form of mortg�xge combines uniform covenants
<br /> for national use and non-Lmiform covenants �vith limited ��ai•iations by jtii•isdiction to constitute a uniform secu-
<br /> ; rity instrucnent covering real property. This \fort�age sh111 be governed by the la:v of the jurisdiction in which
<br /> the Property is located. In the event that uny provision or clause of tl�is llortgage or the Note conflict,s with
<br /> applicable law, such conflict shall not uffect otlier provisions of this JIortgage or the Note which can be given
<br /> eti`ect witl�out the conRicting provision, nnd Co this encl 'the provisions ot the \Iortgage and the Note are declared
<br /> to be severable. �
<br />�, io. :ar. �aa:'s Co��• B^rr��vr,r sltall be furnished a conformed copy of thie ]� Tort�4L�P. �Y. { I1C tITT1P.. of exectt-
<br /> tion or after recordation hereof.
<br />� 17. Transier of the Property; Assumption. If all or any j�art of the Property or an interest therein is sold
<br /> or transferred by Borrowei• withuut Lznder's ,rio:• �ti�ritteii consent, excluding (a ) the creation of a lien or encum-
<br /> brance subordinate to this \lortgage, (. b) thc cremxtion of a purchase money seeurity interest for household appli-
<br /> ances, (e) a transfer by devise, descent or by operation of la��• upon the death of a joint tenant or (d) the, grant of
<br /> ; any leasehold interest of three years or les, not containing au option to purchase, Lendcr may, at Lender's option,
<br /> declare all tlie sums secured by this Mortgage i.o Ue iimnediately due and payatble. Lender s6a11 huve �vaived such
<br /> option to accelerate if, prior to thc sule or t.ransfer, Lender uud tl�e person to whonx tlie Property is to be sold or
<br /> transferred reacl� agreement in writing tl�at ttie credii of sucli person is satisfactory to I,ender and that the interest
<br /> paysble on the sums secured by this J4ortgage sl�all be ttt such rate sss I,ender shall request . If Lender has waived
<br /> the option to accelerate provided in tl�is paragrupL 17 and if Borrowei's successor in interest has executed a writ-
<br /> ten aseumption agreement accepted in �vritirig by Lender, Lender shall release Borrow•er from all oUligatione under
<br /> this Mortgage and thc Note.
<br /> Ii i.ender exercises such opiion to accelerate, Lender shall mail Borrower not,ice of acceleration iu accordssnce
<br /> with paragraph 14 hereoF. Sucl� notice shalt provide a i>eriod of not less than 30 days from the date the notice is
<br /> mailed witl�in which Borrower may pay the smus declared due. If I3orra���er fails to pay such sums prior to the
<br /> t exPiration of such period , Lender mt�y , without further notice or demand on B'orrower, invoke any remedies per-
<br />� mitted by paragraph 18 hereof.
<br /> �*�,., rr.:7rr�s ,.i ('oYF*ra�.�r�, Rnrrn�r�: r and Lendei• fui•tl� er cove�iant and a�;ree as follo ��•s : ,
<br /> ' —
<br /> 18. Acceleration; Remedies. Pxcept a� pru�•ictect in � �aragraj >li ] 7 hereof; upou Borro�ver's breacl� of any
<br /> covenant or agreement of Borro�rer in this \tort��ge, ineluding tlu covenantc lo pa�� �+-hen ciue sny sums secured
<br /> by tkais Jlortgage, Lendes- ��rior to accelerat.ion a1�alI matil iiotice to Borc•o�vcr us �>roaided in puragr:iph 14 hereof
<br /> ' cpecifying : ( 1 ) the breacli ; (2 ) tlie action required to cm•e such breach ; ( 3 ) a datc, not less than thirty days
<br /> '� � fronz the dste the noticc is mailed to I3orro�ccr, I ��� �+•hicl� �ttcl � l�rench inust be cured ; itnd ( 4 ) Yh�C feilure to cure � �
<br /> ; such Greach on or before tl�e d�te specified in the notice m:�y result in scceleration of the sum, secured by this
<br /> '_VIoTtgage and sale of the Property. If the breach z, not cured or. or before tl�c date specified in tl�e notice , Lender
<br /> ab I,ender's option may declare �11 of tl�e sun'�s .acured by chic Mortgage to be immediately due anci payable � �
<br /> ' without further demand and may foreclose tl�is 14ortg:a�c by ,it�dicial ju•oceeding. Lender shall be entitled to collect
<br /> in such proceeding all expenses of foreclosure , including, ht�t not ]iu�ited to , costs of docu�nentary evidence,
<br /> abstracts and title reports .
<br /> 19. Boaoweis Riglat to Reinstate. 1'ot�aithstanding I.ender', acceleration of the suroc �ecured Uy this
<br /> Mortgage, Borrower shall have the right to have any proceedings hegun by Lender io enfome ihis Mortgage dis- `
<br /> continued at any time prior to entry of a judgmeni enforcing this �iortgxge if : ( a ) Borrower pays I.ender all
<br /> sums whieh would be then due under this �Iortgage, thc IVote an<i notes securing Futurc Advancee, if' an,y, had no
<br /> acceleration occurred ; (b ) Borrower cures all breache. of uny other co�-enants or a�reemenis of Borrower con-
<br /> ' tSlile[3 � ]� � t.hia �Tnrt.oaov • !�l R�r�.....p, . ,..., .. ii _:"-r. . . .. .. � . � „ . �. � � . —
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<br /> �;�' : . ' -- � �.�� .. 0.� . : �,uuvu�i:Ji� � .�� iludcY ia 'l\i�iii ri� i C4vw •tl V�llVll'.fll� Ll/C I.VVCp23114D .
<br /> and agreements oi Borro���er contained in this �Sortra;;c and in enforcin� I.rn�tct'� remedie� ai� j�ro��ided in I�nra-
<br /> graph 18 hereof, ineluding, but not Iimited to , rcasonable :�ttarney'G fecs ; .iud ( d ) Bm•rocver trikes such action as
<br /> Lender may reasonably require to assure that the lien of tdiis \Iorfgage. Lender', interest in the Property and
<br /> Borrower's obligation to pay the sums secured by thi� ��fortga�� ehall continuc unimp3ircd . Upon such payment 5
<br /> and cure byBorrower, this Mortgage �nd the obligations �ecured hereb}� shr�il remain in fulf force tind effect as if � ; , -
<br /> ; no acceleration had occurred. � ' �"'
<br /> 20. Aasigssment of Reats; Appointment of Aeeeiver; Lender in Possession. �s additional security here- �, � � �
<br /> � under, Borrower hereby assigns to Lender the renta of tt�e Propert.y, pro��ided thut Borroti�•er ehall ; prior to acceler- � 'v",
<br /> ation under paragraph IS hereof or sbandonment of the Yroperty, have the riglit to collect and ret�in such rents
<br /> as they beeome due ' and payable: ' ��" V`
<br /> IJpon acceleration under ��aiagraph IS hereof or sb�,ndonment of tlie Yroperty� , Lencler, in person , Uy agent
<br />� . or by ju�licially appoinfed receiver shali � Y�e enLitle3 to sui,er�� ul�on, iuke � po��,essiuu ut :�rid ivariage tt�t Prop�rt•y � .,.,� ��
<br /> ; und to colleet the rents o; t.he Proper'.,y , izicluding ihosc l>asi due. :�ll renta oolIeeted ta1� Lender or tl,a rccei�cr ,,,_
<br /> shall be aPplied first to payment of the costs of inanagement of the Property and coticct�on of rents , including, but
<br /> not limited to, receiver's fees, premiums on receiver's Laids 3nd reusonxble attorney� fee� . and then to t.he sums
<br /> a, �
<br /> aecnrrd by t.hiF Mort.gag�. T,en�ier nnd the rerp9ver chKli h� lioihl� tn Rro�nnt nnly i�r t.hncP ���ntc �rtiizll�• re�Pi��«��i .
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