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<br /> not extend or postpoue tl�e due date ui the muntl�ly i ��stall �nents referred to in paragraplis 1 and 2 hereof or
<br /> change the amount of sucli installments .
<br /> lu. norrower i:at Dtlaaa��. z?•xtenaiors of the ti�ne for payment or iuodification of amortization of the sums
<br /> secured by this vlortgage granted Uy I.ender to any successor iu inCerest. of T3orro��•er snall not op2rate to rele��e,
<br /> in any manner, the liability of the originul I3orrosvcr and 33orro�ccr's successors in interest. Lender shall not be �
<br /> required to commence proceedings against suc6 successor or refuse to extend time for payment ur otherwise modify
<br /> amortization of the sums seeured by ii�is \iurgaga by :�ezson c�f any demanci msde by the original liorrower and
<br /> r Borrower's suecessors in interest.
<br /> 11. Forbearance by Lendez Not a Waiver. Any forbearance by Lender in exercising any right or remedy �
<br /> hereunder, or otherwise afforded by applica6le la��; �l�all not be a wai �er of or preclude the exercise of any right
<br /> or rexnedy hereunder. The procurement of insurance or tdie payment of taxes or otl�er liens or charges by Lender
<br /> shall not be a waiver of Lender's right to accelcrate the maturity of the indebtedness secured by this Mortgage.
<br /> 12. Remedies Cumulative. All remedies provided in tliis Mortgage are distinct and cumulative to ang other
<br /> right or remedy under this liortgage or afforded b,y laa�• or eryui���, and may be exercised concurrently, independ-
<br /> ently orsuccessively.
<br /> 13. Successors and Assigas Bound; Joint and Several Liability; Captions. The covenatints and agreements
<br /> herein contained shall bind, and the rigllts ]�ereunder shal] inure to, the respective successors and assigns of Lender '
<br /> und Borrower, subject to tlie provisions ot paragraph 17 hereof. 911 covenant.s and agreements of BorroK-er shall
<br /> Ue joint and several. Tkie captions .�nd hcadings of the paragi•apl�s of tliis 1lortgage sre for convenience only and
<br /> are not to be used to interpret or deHne tlic provisions hereof.
<br /> 24. Notiee. Aity notice to Borrower +�roti•ided for in t1ii� \ Iortgage sh.�ll be given by mailing such notice by
<br /> certified r,�ail addre�sed to Borro«�er at tl�e Property Address stated belo�c , exce��t for any notice required under
<br /> paragraph ] 8 I�ereof to be given to Borro�-er in tlic n�anner �n•escribed by it�>� �licable law. Any notice provided
<br /> for in this \Iortgage shall be deeive<I to I�ave been gi��en to Borro�rer �vl�en giveii in tlie manner designated herein.
<br /> 15. Uniiorm Mortgage; Goveming Law; Severability. '.l'hi� fonu ot mortguge combines unitorm covenants
<br /> for nstional use and non-wiiform covenants �vitli limited variations by jurisdietion to constitute a uniform secu-
<br /> rity instrument covering real property. This \-Iort,gage shall br, governed by the law of the jurisdiction in which
<br /> the Property is located. In the event that any provision or clause of t,his 12ortgage or the Note conflicts with I;
<br /> applicable la�+- , such conflict shall not affect otlier provision� of this \tortgage or the I�Tote which can be given �
<br /> effect without the conflicting provision , and to this end the provisions of the 1lortgage and the Note are declared
<br /> to be severable.
<br /> 16. Bo:rowei s Copy. Borrower shall be furnislied u coniormed copy of this A4ortgage at the time of execu-
<br /> tion or after recordation hereof.
<br /> i7. Transfer of the Property; Assumption. If all or an,y- nart of the Property or an interest therein is sold
<br /> or transferred by Borrower without Lender's prior written consent, excluding (�t ) the creation of a lien or encum-
<br /> brance subordinate to this \-iortgage, ( b ) the creation of a purchase money security interest for household appli- �
<br /> ances, (c) a transfer by devise, descent m• by operation of la��� upon the death of �, joint t.enant or (d) the grant of
<br /> any leasehold interest of three years or less not containing uu opt,ion to purchase, Lende3• may , at Lender's option,
<br /> declare all the sums secured by this 37ortgagc to be immediatelp due and payable. Lender shall hnve waived such
<br /> option to accelerate if , prior to the s�le or tr�nsfer, Lender and the person to whom the Yroperty is to be sold or
<br /> , transferred reacl� agreement in writing tl�at. t.he credit of such person is satisf� ctory to Lender and that the interest
<br /> payable on the sums secured by this _llortgage shall be at sucli rate as Lender shall request. If Lender has waived
<br /> the option to accelerate provi3ed in tl�is paragi•apli 17 and if Borrower's successor in inierest has executed a writ-
<br /> ten assumption agreement �ccepted in �vriting by Lender, Lender sliall release Borro���er fram all nhlieations. _under _._ ;
<br /> this Mortgage and the Note.
<br /> If Lender exercises such option to uccelerate, Lender sliall �nail Borrower notice of acceleration in accordance
<br /> '.� with paragraph 14 hereof. Suc]i notice shall provide a ��eriod of not less than 30 days from tdie date the notice is
<br /> mailed within which Borrower muy pay thc sum� declared due. If F3a•ro�ti•er fsils to pay such sume prior to the
<br /> expiration of such period , Lender may , «'ithout furCher notice m• demaud an 13'orrower, invoke any remedies per-
<br /> mitted by paragruph 18 hereof. '
<br /> i��ox-T�xiFo� M C`,ovFxw�. zs. Bori•on•ei• and I�endei• furtl�ei• covensnt and a�ree as follo �ts :
<br /> 18. Aceeleration: Remedies. Exccpt as pro�'idecl in � ��u•ssgru� �l � 17 hereof, upon Borrowei's brei� ch of any
<br /> covenant or agreement of Bon•o�rer in this �1ort�age , including tLc covensnts to pay �+'heu duc any sutns secured
<br /> by this 1lortgsge, Lender prior to xecele.r.ttion shall inaiil notice to Bm•i•o���er sis �iro�•ided iii paragrapl� 14 l�ereof
<br /> specifying : ( 1 ) the bmacli ; f2 ) the aiction requii•ed to crure sucli l�rcaeh ; 131 a dsste , not. less than thirty days
<br /> from the date thc notice i, ruailed to ]3m•ro�cer, b}� �� liich �ucl � I >rcach must be cui•ed ; and (41 that failure to caire
<br /> � such breach on or before tlie date specified in the nocicn �nay resnit in acceleration of tlic sums secured by this � � �
<br /> :�lortgage and sale of the Yroperty. If the bre:tich is not cumd ar, or Uefore tlie date specified in the notice, Lender
<br /> �it Lender's option may declare all of thc sums secured by this �Iortgage to be immediately due �nd payable
<br /> without further demand and rnay foreclose tl�is Dlortgagc by j udicial � �roceeding. Lender shall he entitled to collect
<br /> in such proceeding all expenses of foreclosw•c , incluiling, hut itot limited to , costs of docuu�entarv evidence,
<br /> abstracts and title reports.
<br /> 19. Bonower's Right to Reinstate. �`ot�ti�iiLatanding Lender's aceeleration of the sum� secured by this
<br /> Mortgage, Borrower shall have tl�e ri�ht to ha��e an,y proceedings begim by Lender to enforcc this �4ortgage dis
<br /> continued at any time prior to entry of a judgment. enfoTcing tl�is '�4ortgage if : (.i ) Borrow•er pays Lender all
<br /> sums which would be then due under this \lorigagc, the Note aind notes securing b'uture Advances, if any , had no
<br /> acceleration occurred ; ( b) Borrower cures ull breache, of any other co��ensnts or xgrcements of Borrower con-
<br /> tained in this '_'vlort�age ; (c) Borrower pays all reasonablc expenses incurred h�� t ,ender in enforcing the covenants
<br /> �� and agreenients uf $on•ower uoiit�ained in tl�is \tortgagc and in eu :o:cin� Len�ici•'� i•ezi: edies :z� l�ro��ided in para- � � � � �
<br /> graph 18 hereof, including, but not limited to, ressousUle attorney's iec� ; and idl Borrower takes such action as
<br /> Lender may reasonabl,y require to assure that the lien of tl� is \Zortg�gc , T.endei•'� interest in the Propert.y and
<br /> Borrower's oUligation to pay the sums secured by tl�is �4ortga�;e shull COIICII]llE' unirnpuired. LTF?on such payrnent "
<br /> and cure by Sorrower, this Mortgage and the obligations secured l�ereby sl�all remain in full force and effect as if ,.�. 1 . ; � �
<br /> no acceleration had occurred. � - . 1=<�
<br /> 20. Assignaseat o[ Rents; Appointment oi Raceiver; Lender in Possession. as additional security here- �x '� ,;;�
<br /> � under, Borrower hereby assigns to I.ender tlie rents of the Property , pro��ided that Borro��•er sliall , prior to ucceler- `
<br /> ' ation under paragraph 18 hereof or abandonment ot t.he Property, hs��c the right to collect and retain such rents ' '�" ` � '
<br /> as they become due and payable. ' ''x` y
<br /> Upon acr,eleration under {�aragraph 18 hereof or ahandonment of the Yropert�• , Lender, in person , b�� agent
<br /> or by judieiaily appointed reeeiver shall be entitleci z.o enter upon , c:iice pus,e�sion ui ans inuiiaRe Lt�e Properiy
<br /> and to coilect the rents of the Yroperty , ineludit3g ei�vse y�atit due. �i] ieu�� culleute.l l,y L�nder or thc reciicer , „„
<br /> shall be applied first to payment of the costs of management of tUe Property and collectiun of rent�, including , but
<br /> not limited to, receiver's fees, premiums on mceiver'� bonds ssnd rerasonsble xtt.ornc� 's fecs. anc� then to the sums
<br /> eecurul by Lh;s \Sortgage. Lendcr and thc rccci`�cr sl�a! ! bc liable to accoun± onl�� for th��� rent � artnalh* rrr�ive� .
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