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<br /> ' not extend or 7�ost.pone tdie due dat,e ot tlie inont.hly inst:tllments referred to in parngraphs 1 and 2 hereof or
<br />� �l,Ang� tha amoimt of such installments.
<br /> 10, F3o�so�er i�oi � _lecead Exterision of the t � fai ,�a -me�t c�r ±nadificatioi� of iri7oi6icat,ion iii the sums '
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<br /> ' amortization of the sums secured Y>y tliis �fortgage by reuson of any demand 3nade liy the original Borrower and
<br /> , r' $orrower's successors in interest. `
<br /> � 11. Forbearcmce by Lender Not a Waiver. Any forbearance by I.ender in exercising any right or remedy
<br /> � hereunder, or otherwise afforded by a.pplic�ble la�v; sl�all not. be a �vai�er of or preclude the exercise of any right
<br /> L��- ' or remedy hereunder. The procurement of insurauce or tlae ��ayi:neiii ut tnxes or other liens or charges by Lender
<br /> , �, shall` not be a wr�iver of Lender's rigliE to accele;ate the maturity of the inclebtedness secured by this Mortgage.
<br /> ; G'°'r 12. Remedies Cumulative: Ali remedies F�rovided in this \�ortgage are distinet and cumulative to any other
<br /> ;' � right or remedy under this �iortgage or afforded by lan- oi• equity, and iu�y bc exercised concurrently, independ-
<br /> � ently or successively:
<br /> � 13. Suecessors and Assigns Bound; Joint and Several Liability; Captions. The coven.�nts and agreements
<br /> herein contained shall bind ; and the rights liereun�ier sl�al( inure to, the res��ectivc successors und assigns of Lender
<br /> ° anci Boif�uwe,, sutjact tc tha provisi:ne of i>:::s.hrsr�li 1 ? hereof. All coven2nts and egreements of Barrowei• shalI
<br /> be joint and several: The 'captions and l�eadings of the I�aragi•aphs o( this \tortgage are for convenience only and
<br /> 3 are not-to be used to iaterpret or define thc provisions liereof.
<br /> ! 14. Notice. Any notice to 33orro�ser provided for in thi� �Iort��age sliall bc given by iz�ailing sucl� notice by
<br /> certified inail addressed to $orrower at tlie Property �ddress statect bclo�c , except for any notice required under
<br /> :� paragraph 18 hereof to be given to Borro�cer in the manner prescribed bl• applical�le law_ Any uotice provided
<br /> � for in this \lortgage shall be deemed to hace been gi��en to Borrower �rhen given in ihc m2nner designated herein.
<br /> r 15. Uniform Mortgage; Governing Law; Severability. This for�u of mortgage corn�iines uniform covenants
<br />� ' for n»tiona! use and non-uniform covenants witl� limited variations by jurisdiction to constitute a uniform secu-
<br /> rity instruinent covering real property. This 13ortgage sl�ull be governed by the laiv of the jurisdiction in which �
<br /> the Property is located: Ixi the event Lhat any provi�ion or cluuse of this �-Iortgage or tl:e Note confliets with
<br /> uppiicable lsw, such conf3ict shul] not affect. other provisions of tl�is \Iortgage a• the Note which can be given
<br /> � effect without the conflicting provision, and to this end the provisions of the ltortgsge and the Note are declared
<br /> to be severable.
<br /> ' I6. Borrower's Copy. Borrower shall be furnished a conformed copy of this Mortgage at the time of execu-
<br /> tion or aiter recordation hereof.
<br /> y 17. Trcnsfer of the Property; Assumption. If all or any part of the Property or an interest therein is sold
<br /> � or transferred Uy Borrower �vithout Lender:s prior �vritien consent, excluding ( a) the creation of a lien or eneum-
<br /> brance subordinate to tl�is :�foi�tgage, ( b ) tl�e creation of a purchase money security interest for kiousehold appli-
<br /> �^ � � + -� n �a�• hy �ev;�e, �la��e� t m• k�v operation of ]a��� upon the death of a joint tenant or (d ) the, grant of
<br /> LLlllil:v� . \V) w auuv� -_ .
<br /> ' anyleasehold interest of three years or less not containing an option to purchase, Lender may; at Lender's option,
<br /> ' declare all the sums secured by this l�Zortgage ta be iuiinediutely due and payable. Lender shall have tvaived such
<br /> option to accelerate if, prior to the sale• or transfer, Lender au<i the per�on to who�n the Property is to be sold or
<br /> transferred reach agreement in �vriting tl�at tlie credit oi sucl� person is satisfactory to Lender ssnd that the interest
<br /> payable on the sums secured by this ldortgage sliall be at sucli rate as Lender shall request. If Lender has waived
<br /> the option to accelerate provided in this parugraph 17 and if Borrower's successor in interest has executed a writ-
<br /> Een assumption agreeinent accepted in writing by Lender; Lender shall release Borrower from all obligations under
<br /> this Mortgage and the Note.
<br /> If Lender exercises such option to accelerate, Lender shall �nail Borrower notice of acceleration in accordance
<br /> � �vith paragraph 14 hereof. Such notice shall provide a period of not less tlian 30 duys from the date the notice is
<br /> mailed witl�in which Borrower may puy the sums declared due. If Borrower Sails to pay sucl� sums prior to the
<br /> expiration of such period , Lender may, �vitliout furthcr notice. or demand on B'orrower, invoke any remedies per-
<br /> miitac uy pax°ag�ap;� :� .�reof.
<br /> ?v�ox-iTxiBociaf Cov� xn:.Ts. Boi•i•ower a �id Leiidei� furtl�er covenant and a�ree a5 follows :
<br /> I8. Aceeleration, Remedias. F_acept as piovidecl m l �a� a�� a� il � 17 lieteof, upon Borrower's b� each of any
<br /> covenant or agreca�ent of Borrow•er in tlii; \tort�;;zgc, including tl �c covenanta to pay when duc any sums secui•ed
<br /> by this llortgage, I.ender prior to acceieration sliall m.iil notice to I3orroiver as �n•ovided in paragraph 74 hereof
<br /> specifying : ( 1 ) tlie breach ; ( 2 ) the action required to ctu•c such breacli ; (3 ) e� datc, not less th�n thirty days �
<br /> from tl�e date the noticc is mailed to I3oi•ro«�cr , by �cliicli �ucL ln•cacli must Uc cur<rci ; and ( 4 ) tl�at failurc to cure
<br /> such breach on or Uefore the date specified in the notice may result in acceleration of t3ie suma secured by this
<br /> 3lortgage and sale of the Property. If the breach is not cured on or before thc d�te specified in tl�e notice, Lender
<br /> at Lender's option may declare sll of the sums secured by tl�i. \4ortgage to be immediatel,y due and payable
<br /> without further demand �nd may foreclose, this �lortgage b,y judicial proceeding. Lender shall be entitled to collect
<br /> in such proceeding ull expenses of foreclosure , incluc3ing, hut not liii�ited to, costs of docuinentary evidence,
<br /> nbstracts and title reports.
<br /> 19. Bonowei s Right to Reinstate. Nota�itl�stancling I.endei'o acceleration of the sums secured by this
<br /> Mortgage, Borrower shal] have the right to have any proceedings hegwi by Lender io enforec ihis iVlortgage dis-
<br /> continued at' any time prior to entry of a judgment enfokcing thi, �lortgsge if : lal Borrower pays Lender all
<br /> sums which would be then due under this liortga�e, the Note �incl notes securing Future Adv�ncec, if any, had no
<br /> accelerstion occurred ; (t� ) Borrower eures ali breaches of snc other corenants or agrcements of Borrower con-
<br /> tained in this Mortgage ; (c ) Borrower pays all reasonable c:�pense� iuc�rred b�� i,ender in enforcing the covenants
<br /> and agreements of Borrower confained in this \Iortn.��;e and in cnforring T:cndcr'� rerocdies as ���ovided in para-
<br /> graph 18 hereof, including, but not limited to, reasonahle tit.tornep's fees : anci 1'd ) Borrower takes such action as
<br /> Lender may reasonably require to assure that the lien ot this 1lortgage, Lender's interest in the Pcoperty and
<br /> BoTrawer's obligation to p�y the sums secured by th �s 1-lortgnge �liall continuc unirnptiired. Upon sucli paymenC �
<br /> and eure by Borrower, this D�origage and the ohligat�ons �ecurec9 herebv shall r�tnain in ftill force and �ffeet as if ��,
<br /> no acceleration had occurred. ' "
<br /> 20. Assignment o! Rents; Appoitstmeni of Receiv6r; Lender in Possession. As additional security here- ? � � ,�
<br /> under Borrower hereb assi s
<br /> > y gns to Lender the rentis of tl�e Property , j �ro��ided that Borro�cer ,hall, prior to acceler- z
<br /> � ation nader paragraph 18 hereof br absndomnent of the Pro1�erty, have the rigl�t to collect and retain such rents � ^
<br /> Wv^ .
<br /> as they become due snd payable. ' �
<br /> ' Upon acceleration under paragraph 18 hereof or abandonmer�t of tl�e Yruperty, Lender , in ��erson, bv agent ; _ • �
<br /> or by judicia33y ap�ointed receicer st,all bc cntiLled tu enter upuv , take � ius.e�,iun oL und ; i�aua�e il,e I?roperip .
<br /> and to cplleet the rents o: the Proper�y, including' thosc past c1uc. Al1 ��cnts c�llected b}- Lender or thc receiver
<br /> shall be applied first to paymentof the costs of management of tlie Pro�icrty unci collection of rents , including, hut.
<br /> notlimited to, receiver's fees, premiumi on rcceiver's bon�l� and reasomable attorne,y's fees. and then to t.he sums
<br /> secured by this MortRaRe. I,ender and t,he receiver chalt he lixhl� to ar�otint nnlv fnr tho�� rAnts ;yot � ially r�v�it���i .
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