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<br /> not extend or j�ostpone the due ciate of fhe montlily instnll�uents referred to in par:tgraphs 1 and 2 hereof or
<br /> change the amount of such instnllments.
<br /> 10. Borrower Not Released.' Extension of tl�e tiuie for �>a,vment or inodification af atnortization of the sums
<br /> secured hy this 1'Iqrtgage granted bv I.ender to am� successoi• in interest of Borrower shall not operate to relense,
<br /> in any �i�a,nner, tlie liability of tl�e briginal I3orrower and 73orro��•cr's succeesors in interest. I.ender shall not be
<br /> requiredto commence proceedings against such succe,soY• or refu�e to extend time for }�ayment or othernise modify
<br /> amortization of the sums secured by this \Iortgage I�y rcason of any demand insde by the original Borrower and
<br /> Borrower's successors in interect. `
<br /> �; il . Forbearcmce byLeader Not a Waiver. Any forbenrance by Lender in exercising any right or remedy
<br /> � hereunder, or othwrwise afforded by applicable la�v, shall nut, be � waiver pf or preclude the exercise of any right
<br /> � nr 7•emedy 1?ereunder. The grocuremei:t of insursr.ce or ilze payment oi taxes or otf�er liens or charges by Lender
<br /> r,, � shall not be a waiver of Lender's right to accelernte the maturity of tlie indeoiedness secured by this Mortgage.
<br /> 12. Remedies Cumulative. Ali remedies provided in tliis \lortgage are distinct and cumulative to any other �' �
<br /> � ri ht or remed under tl�is' J[ort a �e or afforded by la«• oi• c uit, � and ma � be exercised concurrentl inde end-
<br /> d 6 Y � 6 9 � � 3 Y� A
<br /> � ently or successively. '
<br /> 13. Suecessors �d Assigas Boi:nd; Joint �d Several Liability; Captions. The coventtints and agreements
<br /> y herein contained shall bind , and the rights l�ereunder sl�all inure to , the respective successors and assigns of Lender
<br /> ^. and Borro�ver, suUject to tlie provisions of parsgrnph ] 7 hereof. _� II covenants and agreements of Borrower sl�all
<br /> ^ be joint snd se�•er�l . The captions and 6c�dings of tlie paragra��hs of this lfortgage are for convenience only and
<br /> are not to be used to interpret or define tlie provisious hereof.
<br /> 14. Notice. Any notice to Borrow�er provided for in tl�in \fortgage shall be give❑ by mailing such notice by
<br /> cerf,ified inaif uddressed to Sorrower at tl�e Yroperty address stxted helo�c, except, for uny notice required under
<br /> paragraph 18 hereoi to be given to � orro�cer in the manncr pre;erib�c{ b}� zpplieable laFv. Any notiee �;rovided
<br /> " for in this �lortgage shall be deemeci to have been given to Borro���er when Diven in the manner designated herein .
<br /> ' 15, Uniform Mcrtgage; Goveming Law; Severability. 'i'his form of n�ortgage combines uniform covenants
<br /> � for national use und non-uniform co�enants «-ith limit,ed �•ai•ia.t.ions by jurisdiction to constitute a uniform secu-
<br /> rity instruinent covering real 7�i•operty. This \-lortgagc shall be governed by the law of the jurisdiction in tivhich
<br /> the,Property is located. In the event that any provision or clause of this \4ortgage or the IQote confticts with
<br /> applicable law, such conflict shull not aiffect otl�er provisions of tliis llortguge or the Iv'ote which can be given
<br /> effect without the confiicting provision , und to this end the provisions of the �iort�age and the Note are declared
<br /> to be severable.
<br /> ' 16. Borrower's Copy. Borrower shnll be furnisl�ed a conformed copy of this Mortgaee at the time. o£ exeru-
<br /> , , 'tion or siier recordation hereof.
<br /> � 17. Transfer of the Property; Assumption. If all or any part of the Property or an interest therein is sold
<br /> or transferred by Borrower �vithout Lender's prior written consent, excluding ( a ) tl�e creation of a lien or encum-
<br /> brance subordinate to this D4ortgage, ( b) tl�e crention of a purchase money security interest for liousehold appli-
<br /> ; - � ances, (cr a transfer by �evise, descent a• 6,y operation of la�r upon the death of a joint tenant or (d ) the, g:ant of
<br /> q any ]easehold interest of tl�ree years or less not containing xn option to purchase, Lender may, at Lender's option,
<br /> i declare all the suins secured by this \4ortguge to be iu�u�ediately due and F�uyable . Lec�der sliall liave waived such
<br /> ! option to accelerate if, prior to the sale or trsnsfer, Lender acid the 7>erson to �uhom tl�e Property is Lo be sold or
<br /> ; transferred reael� agreement in writing that the credit of sucl� person is �atisfactory to Lender and thaL tl�e interest
<br /> ' payable on the sums secured by this l�lortgsge sl�all be at sucli rzte as Lender shall rec�uest. If Lender has waived
<br /> the option to accelerate provided in tliis paragi•apli 17 and if Borrower:; .uccessor in interest l�as executed a writ-
<br /> ten assumption agreement �ccepted in �vriting by Lendei•, I.ender sl�all release Borrower from all obligations under �
<br />� this 1�4artgagc and the Note.
<br /> ; If Lender exercises sucli option to accelerate, Lender shall �uail Borrower notice of acceleration in accordance
<br /> witl� paragraph 14 hereof. �ucl� noticc shall provide a period of not. les� tkian 30 days from thc da�te the notice is
<br /> mailed within which Borrower may ��ay the ,u�vs declared duc. If Borro��•er fails to l�ay such sums prior to the
<br /> expiration o£ such period, Lendei• rnay, ���ithout furt:lier noticc or deinand on Borrower, invoke 3ny remedies per-
<br /> mitted by paragraph 18 hereof.
<br /> Nox-UrriFoc;az Covrxar��s. Bori•o�ver and Lender fui•tl�er coveiiant and a�i•ee as follo�c•s :
<br /> " 18. Acceleration; Remedies. Exce�it sis procidecl in � �uragrn�i6 17 hcreof, upon Borrower's breach of any
<br /> ` covenant or agreement. of Borrower in tltis �tort�;aige , including tlic covensnts to � riy �vLen duc any� sums secured
<br /> by this .l'Iortgage, Lender ��rior to acceleration shall inuit noticc to F3orrower as � �rovided iti paragr:�pl� 14 I�ereoS
<br /> specifying : ( 1 ) the brcach ; ( 21 the sction myUired to cure sucli bre3cL ; ( 3 ) a date , not less than thi2�t,y days
<br /> from the date the notiec is mailed to I3orro�rer, 1 ��- �cliich .ucli brench �nust be cured ; and (4 ) that failure to cure
<br /> such breach on or before tl�e date specified in t.he notice �uay result in accelerstion of tl�e sum� secured by this
<br /> Mortgage and sale of the Property. If the breach is not ctired on or before the date specified in tl�c notice, Lender
<br /> ' at Lender's oPtion inay declare all of ihc sums secui•ed by this \4orCgage to be i�r�u�ediately due and payable
<br /> � µ•ithout further demand and inay foreclose this _llortgage by� judicial proceeding. Le�tder s1iH11 be entitled tu collect
<br /> in such proceeding sll expenses ot foreclosurc, including, but not liinited to, cocGs of docu�nentary evidence,
<br /> � abstracts and title reports.
<br /> 19. Borroweis Right to Reinstata. �lottr•ithstsnding I,ender's acceleration of the sums secured by this
<br /> Mortgage, Borrower shall have the right to have any �n•oceedin�� begun by Leneler io enforce this Mortgage dis-
<br /> continued at any time prior to entry of a jiidgment enforcin�; this 1lortgage if : lal Borrox•er pays I.ender all
<br /> sums which would be then due under t.his :1'Iortgage, the Note and notes securing Future Advances , if any , had no
<br /> acceleration occurred; (b) Borrower cures ull 1>reaches of r�.riv oiher covcrsnts or ugreements of Borrower con-
<br /> tained in this Mortgage ; ( c ) Borrower pays all reasonabie ex�iense� incurred by T .ender in cnforcing the covenants
<br /> and agreements of Borrower contained in this \1ort�;aFe nnd in enforcin� t,ender'� remedies .is �irovided in par:�-
<br /> graph 18 hereof, including, but not limited to, reasonaUle atxornep 's fecs ; and td ) 13orrower rakes such action as
<br /> Lender may reasonably require to assure that the lien of this �Iortgage, Lender's i�iterest in the Property and
<br /> Borrower's obligation to pay the sums secured b,y this \1ort �aGe .hall continue unimp:�ired . L?pon such Tiuyment
<br /> and cure by Borrower, this ATortgage ancl the obligation� secured hereb�• sl�all reruain in tull foi•ce and eflect sss if , . ' . ,
<br /> ; ; no acceleration had occurred. , ° � „ '�
<br /> 2Q Assigameat of Iients; Appoiatmeat of Receiver: Lender in Possession. As addit.ional securiiy here- } „� ,;�- '
<br /> under,$onower herebyassigns to Lenc3er the rents of the Properry , pro��ided that Borro�rer sltall , prior to scceler- `,�� ,
<br /> � ation under paragraph 18 hereof or abandonment of thc Yroperty , liave the right to coliect and retain such rents -t u
<br /> as they become due and payable. ': � , "
<br /> Upon accelerstion under Paragrapt� 18 Bereof or abandonroent of the Yroperty, Lender, in person, by agent
<br /> or by judicially appointed receiver �hall be entitle�l to �n+,�r apon, tskP j�OSCCSSiOII of �.:r.d :na:.a�;c tI: c Yropert.
<br /> and to .co]]ecL the rents of the Rroperty, iucludi�ig tho�.e I�a.t d�ie. rVl rc�nt� coilec•ted hy Lender or rhe re^ei��cr , ,�;
<br /> ahall be applied, first to payment of the costs of management of th� Property and collcctaon of renis, i ��cluding, but
<br /> not liroited to, receiver's fees, ��remiums on receiver's bond� snd reasonsb]e attorney's f� es. .ind then to the sums
<br /> secured by this Mortgagc. Lender and the receiver sl�all tie lisbte io account only for tho,c rents actuali�� received .
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