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<br /> not extend or post.pone the due date of tlie inonthly instal ]»ients referred to in paragraphs 1 and 2 hereof or
<br /> change the amount of such instaltments.
<br /> - 10. Borrower Not Released. �xtension of the time for payment or inodification of :�mortizatiion of the sums
<br /> secured by this Nfortgage granted by I.ender to any successor in interest of Borrotiver shall not .operate to Telease,
<br /> in any manner, the liaUility of tlie original Borrower and Iiarrower's successors in interesi: i.ender shail no't be �
<br /> � required to commence 7�roceedings against sucii successor or refuse to extend time for payment or otherwise modify
<br /> amo:tizstion of the sunis secured Uy this \lortgage by reason of any demand inade by the original Borrower and
<br /> Borrower's suecessors in interest.
<br /> �.' 11 . Forbeazance by Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy
<br /> hereunder, or otherwise afforded by applicable la�ti; shall not be a waiver of or preclude the esereise of any right
<br /> or remedy hereunder. The procurement oP insurance or t6e payment of taxes or other liens or charges by Lender
<br /> " shall not 'be 'a waiver of Lender's right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br /> 12. Remedies Cumulative. All remedies provided in tliis \Zortgage are distinct and cumulative to any other
<br /> ' right or remedy under this �Iortgage or afforded by la�v or e�uity, and may Ue exercised concurrently, independ-
<br /> ently or successively:
<br /> 33. Successors and Assigns Bound; Joiat and Several LiabiGty; Captions. The coven� nts and agreements
<br /> ; � herein contained shall bind, and the rights hereunder shal! inure to, tl�c respective successors and assigns of Lender
<br /> � andBorrower, subject to t.he �rovisions of paragi•nph 17 hereof. All covenants and agreements of Borrower shall
<br /> � � be joint and several. The captions and headings of tLe paragra��hs oC tliis \Iortgage are for convenience only and �
<br /> 6 � are not to be used to interpret or define the provisions l�ereof.
<br /> 24. Notice. Any notice to BorroLver proi-icied !or in tl�is \lortgage shall be gi�•en by mailing such notice by
<br /> � certified mail addressed to Bon�o�;�er at the Yroperty Address stated belo�+� , except for any notice required wider
<br /> ' � paragraph 18 hereof to Ue given to Borro�'er in the manner I �reseribecl by applicable law. Any notice provided
<br /> ,` for in this 3iortgage shsll be deeined to havc been gi��en to Borro�+�er wl�en given in tlie manner designated herein.
<br /> �1 15. Uniform Mortgage; Goveming Law: Sevezability. This form of mortgage combines uniform covenants
<br /> for national use and non-uniform covenants �vitl� limited variations by jurisdiction to constitute a uniform secu-
<br /> rity instrument covering real property. This \4ortgage shall l.>e governed by the law of the jurisdiction in which
<br /> the Property is located . In the event that any provision or clause of t,liis DSortgage or the Note conflicts with
<br /> applicable law, such conflict shall not affect otlier provisions of this \4ortgage or the Note which can be given
<br /> ; effect without the conflicting provision , and to this end the provisions of the �Iortgage and the Note are declared
<br /> to be severable.
<br /> 16. Bonower's Copy. Borrower shali be furnisl�eci a conformed copy uf this R4ortgage at the time of execu-
<br /> � tion or after recordation hereof.
<br /> Z7. Transfer of the Property; Assumption. If all or any ��srt of the Property or an interest therein is sold
<br /> or transferred by Borrower without Lender's prior written consent, excluding (a ) the creation o£ a lien or encum- _
<br /> brance suUordinate to this �iortgage, ( b ) the crefit.ion of a purcha�e money security interest for household appli-
<br /> ' ances, ( c) 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 tl�ree years or ]ess not containing san option to purchase, Lender may, at Lender's option ,
<br /> declare all the sums secured by this D4ortgage to bc itr»nediately due and payable. T '" " ` "'" "' ""-' �'" -'`
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<br /> ° If Lender exercises such option to accelerate, Lender shall �nail Borrower notice of acceleration in accordance
<br /> with paragraph 14 hereoF. Such notice sliall provide s period oS not less tlix�n 30 days from the date the notice is
<br /> uiailed within whicl� }3orrower �nay pay the swns declared due If Borrower fails to pssy such sums prior to the
<br /> expiration of such period , Lender may , �vithout furtlier notice or clemand on A'orrower, in�•oke any remedies per-
<br /> mitted by paragraph 18 hereof.
<br /> I`Tox-Uxiaotzrz Cov�xaxxs. Boi•i•o�ver .�nd Lenclei• furtl�er eovenant and ag•i•ee as follo�vs :
<br /> 18. Acceleration: Remedies. Except :�s pro�-icle�'. in � iurtxgr.��ili 17 hereof , upon I3orrower's breach oC ��ny
<br /> covenant or agreement of Borrower in this \lortgnge , incluiling the covenants to �iay �vhen duc sn,y smns secured
<br /> 6y tliis \lortgage , Lender ��rior to acceleration shall muil �iotice to I3orro�3-er as ��ro��ided in parssgrapli 74 hereof
<br /> epecifying: ( 1 ) the breac�h ; 1, 2 ) the aotimi reyuii•ed to cin'c �uch hi•cach ; 13 ) a c9��tc , not less tl�an thirty dt�ys , �
<br /> frum the date the notice i� �nailed to 13ai•ro�cei•, hy ��'liicli such hre�tiel � iuust be cin•ed ; and ( 4 ) that failure to cure
<br /> such breach on or before the date specified in tLe noticc inxy result. in mcceleration ot tlie sums secured by this
<br /> '_�Sortg�ge and sale of the I'roperty. If tl�c breacli is not cw•ed c>r or befoi•c the date specified in the notice, Lender � �
<br /> at Lendei's opt.ion may <:leclare all of the sums secured by thi. \Sortgage to be immediately due and payable
<br /> witl�out further de�nand and may forectose tliis \fortgage by judici3l pi•oceeding. I.ender s1i311 be entitled to collect
<br /> in such proceeding all e�penses of foreclosurc , including, t�ut not liiuit.ed to , cost5 of docuuieniary evidence,
<br /> abstraets and t3tle reports .
<br /> 19. Bonoweis Right to Reinstate. tiotw•ith�tanding Levder's acceleration oC the sums ,ecured by this
<br /> Mortgage, Borrower shall have tlie right t.o ha��e aiiy ��i•oceedings begun by T..endec• io cnforce thi: lfortgsge dis-
<br /> continued at any time prior to entry of a judgment enSorcin � this \Sortgage if : ( ai Borro�cer pays Lender all
<br /> sums which would be then due under thy5 9'fortgage , the :Qote :u�d notei securing F'uture Advancc„ if any, liad no
<br /> acceleration oe.curred ; f: b ) Borrower cures all breuche� uf sn�• other cocenant � or agrecments of Borrower con-
<br /> �` tained in this Mortgage ; (c ) Borro«•er 2�o} s all rensonable � t��c�usr� in�ttrrcd b� Lend� r in enforcing the covenanis
<br /> �� and agreements oi Borrower ooni�ined in tLi, �fur[ g:,gr .� u�i in ��� tw � in�; 7 � n.i�i :, � cr ociies as ��ro��idvcl in ��ara_
<br /> i � graph 18 hereof, including, but not liinitccl to, rc•zsonal�lc attoi•nc�� 1c �_ ; :in �l i �li I3orio�ser t :tkes such action as
<br /> Lender may reasonably require to assure thst the lien oi thi, \Iort�; 3Re, Lender� �nterest in the Property and
<br /> � s � Borrower's obligstion to pay the sutns secured hV tl'ii_: Alo� tgaqe �hall continuu unirnpuired. i?pi�n such payment
<br /> � and cure by Borrower, ihis Mortgage a��d the obligation. :r.cured I�ereb�• shall remain in full force nnd effect �is if
<br /> no ucceleration had accurred. - . �� . � �" `
<br /> 20. Assiyntaea4 of Eients; Appoiatment of Receiver; Lender in Possession. Aw .idditional security here- y^ � �
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<br /> ' under, Borrowerhereby assigns to Lenderthe rents of tl�e Yroperty- . {�ro��ided that E3orro«�er st�all , prior to acceler- k
<br /> ation under paragraph IS hereof or abandonn�ent of ttie Property, ha�-c tt�e right to collect. and retain such rents � ` ,';
<br /> L as they become due and payable.
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<br /> Upon acceleration under paragra��h 18 here�f or :abandomncnt of the Yropertv . I_ender . in j�erson , bv agent
<br /> or by jndicially appointed receiver shall tie E:ntitled to nnter ujaon , take ��os�e��ioi� oi anu ivaun�;e ti�cr I'rup�riV
<br /> ` ; and to collectthe rents of the Yroperty, includirzg those past. due. Aii r�nis cullecte�9 by L�u�i�r ur tLe reoeic`er
<br /> shs13 be spplied first to payment of the eosts of managen�ent of the Property and collcction of rents , including, laut
<br /> not ]imited to, receiver'� fees, premiums on receiver'� bond� and reason�ble attorne� s fee� . xnd then to the sut:�s
<br /> - secured by this �Iortgagn. I.en�ler an� Cl�c iecei��er s;�all bc liut�le to accoun± onl�� fer those rent� actually r�r�iv�ri .
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