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<br /> not extend m• 7�ostpone the due date ot tl�e monthl}- instal )ments referred to in paragraplis 1 and '2 hereof or
<br /> ' change the' amount of such instaliments.
<br /> l0. Borrower NofReleased. �xtension of the ti�nc ior pa,yn�ent or mod:'fication of araortizntion of the sums
<br /> secured 6y this Vlortgage granted b�� `I.ender to any successor iu interest of Borrower chall not .operate to release,
<br /> � in any inra,nner; the 1iat�ility af the original Bori•ower and I3on•ower's successors iia interest. I.ender shall not be
<br /> � required to r.ommence proceedings against sucli successor or refuse to extend time for payment or otherwise modify
<br /> � aniortization of the sums secured by tl�is _llort�age by reason of any demand inadc oy zi�e originat Borrowei• ui,�i
<br /> r Borrower's successors in interest. �
<br /> � ; � il: rorbearance by ieudar Not a SxJ :•�:. An� for}�earanoe Uy Lender in exercising any right or remedy
<br /> ; c` liereunder, or other�vise afforded by applicablelaw; sliall not f�e a �vaiver of or preclude the exereise of any right
<br /> ; �'' or remedy hereunder. The procurement of insurance or tl�e payment of taxes or other liens or charges by Lender
<br /> r ' sha11 not be a waiver of Lender's right to accelerate the inaturity of the indebtedness secured by this 3�Zortgage. �
<br /> ' ' � 12. Remedies Cumulctive.' All reniedies provided in i,his :viorigage ar dist:nct ar.0 aumul�tit�e to any other
<br /> : right or remedy under this \Iortgage oi• afforded l�y ]a��� or equiiy; snd may I�e exercised concuri•ently; independ-
<br /> t :; .. :. ently or successively_ '
<br /> 13. Succeasors and Assigas Bound; Ioint and Several Liability; Captions. The covenants and agreements
<br /> herein contained shali bind; and the rights I�ereunder shall inure to, the respectivc successors and asaigns of I.ender
<br /> and $orrower, subject to the provisions nf pzragraph 17 hereof. All covenants and agreements of Borrower shall
<br /> `- be joint and several . The captions and I�eadings of tl�e paragra��hs of tliis \I:ortgage are for convenience on]y and
<br /> ' are not' to be used to interpret or define the provisions Lereof. j
<br /> 34. I�Totica. Any notice to Borror�-et• t�ro��i<!ec! for ii7 t.1�i� Zlorigage st�311 be ;;iven by rnailing cuct� notice by
<br /> certified inail addressed to Borro��•er at the Yropert.y Address stat,ed below , escepi ior any notice required under
<br /> F�aragraph 18 l�ereof to U2 given 20 $orro�rcr in tlie manner prescribed by� a��plicable law. Any notice provided
<br /> for in tl�is �Tortgage shall he deeined to ha��c been givev to Boi•ro�ti�er �chen give�i in the iz�amzer designated lierein .
<br /> 15. Uniform Mortgage; Governing Law; Severability. Tl�is fm•iu of rnortgage cmnbines uniforn� covenants
<br /> for nationai usc rsnd non-uniform covenants �vitL limited ��ariations by jurisdiction to constitute a uniform secu- `
<br /> rity instrmnent covering real property. 1'his \fortgage shal] be governed by the law of the jurisdiction in whieh
<br /> the Property is located . In the eveni that any ��rovision or clause of this Vlort.ga�e or the Note conflicts with
<br /> applicable law, such conflict shall noi affect otl�er ��rovision, of t}ii� \lortgage or the Note �vhich ean be given
<br /> effect withouC tl�e conflicting provision , and to t:his end the pro��isions oS the \lortgage and the Note are declared
<br /> to be severable.
<br /> 16. Bonower's Copy. Borrower shall be furnished .� confoi•med cop,y of tl�is �Zortgage at the time of execu-
<br /> tion or �fter recor�atioii liereof.
<br /> w � �YJ 17. Transfer of the Property; Assumption. If all or any part of ttie Property or an interest therein is sold ,
<br /> � � or transferred by Borrower without Lender's prior writ,ten consent, excluding (a ) the creation of a lien or encum-
<br /> brance suUordinate to this �lortgage, ( b ) the creation ot a purchasc 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 oi• (d ) the, grant of
<br /> " any leasehold interest of three years or less not. conta�ining au option to purchase, Lender may, at Lender's option, ;
<br /> g nit declare all the sums secured by this Mortgage to be innnediately due aud ��ayable.
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<br /> ; If Lender exercises such option to aceelerate, Lender shali ��iaii i'soi•rower noiice oi 2tudeiBIl'Ft�aGii iii liCCvTuoi.Cc � '
<br /> � witli paragraph 14 hereof. auch not�ce sLnll pro�-ide a period of not less tlian 30 daiys from the date the notice is
<br /> ' mailed within whicl� Borrotver may pay tl�e sumc declared due. If I3orrower fails to pay such sums prior to the
<br /> } expiration of such period, Lender may , without furt.lier notice or de�nand on I3orrower, im�oke any remedies per-
<br /> � Tnitted by paragraph 18 hereof.
<br /> $ Nox-Ii� iFoienz GovFxnrxs. Borruwer and Lender furtl�er eovenant and a��ree as follo�v . :
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<br /> 18. Aceeleration; Remedies. Exce��f a� pro�-ided in paragr:i� i] i 77 hereof, upun 13orrower'a hreach of any
<br /> covenant or agreement of Borro«�er in tliis \fortgsige , includiug the covcnants to pay ��•hen duc any sums secured
<br /> by tliis 1lortgage, Lendei• ��rior to aceeleration shull � uail notice to I3oi•ro�� ei• us provided in j�aragrapli 14 liereof
<br /> specifying : ( 1 ) the breach ; (,2 ) tl�c acxion required to cure such I�reacti ; 13 ) a date , not less tlian tliirtY days �
<br /> from the date the notice i� mailed Yo 13orro�� cr, by �rl� ich eucli breacli u�uat be cured ; auct ( 4 ) that failurc to cure
<br /> ` ' such breach on or Uefore tl�e date specified in tlie notice mxy- result in accelerat.ion of t1 �e sum, secured bv this
<br /> DZortgage and sale ot ihe Yroperty . If c }�e breacl� is not cwrd on or laefore tl�e date tipecified in the notice, Lender
<br /> � at Lender's option may declai•c ill of the smiis secured bp tl� is �fortgage to be immediately due ai�d T,�ayable � � � � �
<br /> _ � without further deinand an<i may foreclose rhis \lortga�,e b,y .judicia] � �i•occeding. Lender shall be entitied to collect
<br /> ` � � � in suah proceeding all expenses of foreclosm-e, inclu< ling , but uot limited Yo, costs of docuroentary evidence, � �
<br /> ; abstaacts and title reports.
<br /> " 19. Bonovirer's Right to Reixastate. 1'ot�citlistanding I.ender's .tcceleration of the sums secured b,y� this
<br /> ' 1VIprtg$ge, Borrower shull I�ave t6e right to huve any �iroceedings begun by Lendei• co rnforce tiiis :�Tortgxge dis-
<br /> eontinued at any time prior to entry of a judgment enfqrcing tliis �ior[gage if : ( a ) Borrower pays Lender all
<br /> $ sums which �c�ould be then due under this �1lortgage, thc ?Qote :utd notes securing Future Adv�nces , if anv , had no
<br /> aeceleration occurred ; ( b ) Borrower cw•es all breache� of .an�- other c�o��enants or xgrrement, of $orrowei• con-
<br /> tained in this Mortgage ; (c ) Borrower pays all reasonablc expc n..e� incurred 1�y T,ender in enforain� the c�ovenants �� � � �
<br /> � and a�reeiu2nts of Boi•rower ca�tained in tiiis tilurthuh� anci �n enforcing Lendcr'; i•e�nedies as provided in para-
<br /> graph 18 hereof, including, but not ]imited to, reasonable attm•ne�•': iee, ; anc9 � dl Borro�cer takes such action as
<br /> Lendet may reasonably require to sssure t:hat. the lien of this \Iortgsge, Leuder's iirterest in the Property and
<br /> : , Borrower's obligation to pay the sums secured bv iLi� \fortga�e sh� l ) rontinue uniivpaired . L?pon such payment r
<br /> and cure by Borrower, this DZortgagcand the obligation� secured hereb}• �hall remain in full force and cffect as if � * ;- � �s,,
<br /> no acceleration had occurreci.
<br /> 20. Assigamesat o! Rents: Appointxnant of Receiver, Lender ia possession. As additional security herc- s, � �
<br /> � e under, Borrower hereby assigns to Lender the rents of tl�e Pro}rert�• . �n•orided that Borro«•er sliall ; prior to acceler- ��x
<br /> , � ation under paragraph i8 hereof or abandonment of the Yroperty , hss�•e thc riglrt to colleet �nd retsin such rents � '; ''� ++�
<br /> w as they become due and payable. ; �w ,,
<br /> ' ` Upon accelerati0n under paragraph 18 Lereof or al��ndomnent oi the Yropert��; I,ender, in �.er�on , bd agent
<br />� � ar by � udicisliy appointed receiver shall be entitled to enter u��on, tzke possession u( und maina�e t,he l�ropert.y
<br /> , su3 to cullect t,iie rents o€ the Yrogerty, ineludin� ; those . ��ast due. .�I1 rents collected by Lendcr or the receiver �;.' "
<br /> t shall be applied first to payment of the costs of mxnsgement of the Property anc{ collection of rent,s , indudin�, hut
<br /> ° " not limited to, receiver's fees, premiums on receiver's bonc9� and reasonable �tctorney 's f�ec . aud tlien to the suins
<br /> seCured b3� this '_17ortgage. LendeT and ttie re+Gei«r ,Lali I,x, 1;xsl, ir. iu account oniy ior those rents actuslly received .
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