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<br /> not extend or post,pone the due clate oi tlae montl�ly insfallmente referred to in paragraphs 1 and 'l hereof or
<br /> � change the amount' of sucli instalLnents.
<br /> � 10. Borrower NoEReleased. Extensioii of the time for �ia,yn�ent or inodification of ainortization of the sums
<br /> � secured Uy tiliis l7ortgage granted by L:eiider to �ny successor in int:erest of Borrotii�er shall not .operate to release,
<br /> + � in any 3nanner, the Iiabi.ity� of' blze origiixa8 Iiorrower and I3orrowe�'s successors iii interest. I.ender shall not he
<br /> '� �; required to commence ��roceedings aguinst sucl� successor or refuse to extend tiine for payment or otherwise modify
<br /> an�ork•ization of the sums secnred by this \Tortgage by reason of any demand inade by the original, Borrower and- �
<br /> r � Borrower's successors in interest.
<br /> £ 11. Forbeatance by Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy
<br /> ; r"` liereunder, orbtherwise afforded by applicable la�v, shall not t�e a �vai�er of or preclude the exercise of any right
<br /> ? or remedy hereuacler. Tl:e pr�cu:•PTM±?at af inc�arance or tl�e payinent of taxes or otl�er liens or charges by Lender '�
<br /> � � i shall` not be a waiver of Lender's right to acceler3te tfie maturity of the indebtedness secured by this Mortgage.
<br /> " 12. Remedies Cumulative. All i•emedies provided in tliis \4ortgage are distinct and cumulstive to any other
<br /> ;� rightor remedy under this \-Iortgage or ufforded i�y la��� oi• equity, ani9 may be ,exercised concurrently, independ-
<br /> Pentiy ar successivei,y. , .
<br /> � 13. Successors and Assigas Bound; Joint �d Saveral Liability; Captians. The covenants and agreements
<br /> . : herein contained shall bind; and the rights liei�eunder shall iniii•e to, t.he respectivc successore and assigns of Lender `
<br /> E and Borro�ver, suUject to the provisions of psragrapli 17 liereot. _� ll covenants and agreetnents of Borrower sl�all
<br /> ; be joint and several. The captions and headings of t.l�e paragrapl�s of this \Toi•tgage are for convenience onIy and
<br /> ' are not to be used to interpret or definc tl�e provisians liereof_
<br /> ' 14. lYotice. flny notice Lo Borrnwer providecl for in this �Soi•tgage shall be gicen tiy �iiailing such notice by
<br /> � certified mail .iddressed to $orrower at the Property �ddress si:uteci belo�v, except for any notice r�equired under
<br /> � paragraph 18 hereof to be given to Borroa�er in the inanuer �n•escribed by xpplicable la��•. �ny notice provided
<br /> � for in this JTortgage shall t.ie deemed to I�a,vc been biven to Borromer when given in the manner designated herein:
<br /> i - 15. Uxuform Mortgage; Governinq Law; Severability. This Sorm of mortgnge combines uniform coven�nts
<br /> for national use and non-uniform covenants �vith ]imited variations by jurisdiction to constitute a uniform secu-
<br /> rity`instrument covering renl property. 'Chis �lortgage shall bc �overned by the law of the jurisdiction in which
<br /> the Property is located. In the event that any provision ox• clause of this _lZortgage or tlie Notc conflicts with
<br /> applicablelaw, sucli confiict shall not affect otl�er pro��isions of this \'tortgage or tlie I�Tote whicli can be given
<br /> effect without the confiicting provision, and to this end the provisions of the _llortgage and the Note are declared
<br /> to be severable.
<br /> 16. Borrowei s Copy. Borro�ver shall be fui•nislied � confoi•med copy of this �iortgage at the time of execu-
<br /> tion or after recordation hereof.
<br /> 17. Transfer of the Property; Assumption. If all or any part of' the Property or an interest therein is sold
<br /> �; ortransferred by Sorrower �vitliout Lender's prior �vritten consent,, excluding ( a ) the creation of a lien or encum-
<br /> �` brance subordinate to this Mortga�e, (b) the cceation of a purchase money security interest for household appli-
<br /> ' > ances, (c) a transfer by devise, descent or by operation of la�v upon the death of a joint tenant or (d ) the. grant of
<br /> u �` any leasehold interest of three years or ]ess not containing an option to purchase , Lender may ; at Lender's option,
<br /> '• declare a11 the sums secured by this ilZortgage to be inunediately ciue and payable. Lender shall have waived such
<br /> .� . option to accelerate if, prior to the sale or transfer, Lender and tl�e percon to whom the Property is to be sold or
<br /> ; transferred reach agreement in writins that. t.l�e credit of sucl2 person is satisFactory to Lender and tUat tl�e interest
<br /> � puyable on the sums secured by this Mortgage shall be 3t sucl� rate as I.ender shnll request. If Lender has waived
<br /> i the option to accelerate provided in this paragi•apli 17 and if Borro�ver's successor in interest has executed a writ-
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<br /> �. . . oett seauivy�ivia agicc.uc..� �.w..y�.,.. �u :. . . :..b ..�� __ � . SF1AI I PPIPAFp Rr�rmv�vr fr9_11��'�11 obligatiotts under ___ '
<br /> this Mortgage and the Note. ---
<br /> ;v' If Lender exercises sucl� option to nccelerate, Lender shall �nail Borrower notice of acceleration in accordance
<br /> �vith paragraph 14 hereof. Sucli notice sl�all pi•ovide a period of not less than 30 days from the dxte the notice is
<br /> � mailed u•itl�in which Borrower may pay the swus declared due. If Borrower fails to pay such sums prior to the
<br /> + expiration of such period, Lender may, �vithout fw�her notice or demand o❑ I3'orrower, invoke any remedies per-
<br /> � mitted by paragraph 18 hereof. .
<br /> � ; Iv'ox-Uxiaos.ri CovExnxTs. Borro�vei• and Lendei• further coven:tnt and ag•ree as follo�vs :
<br /> � 18. Aceeleratian; Remedies. �xce��t as j�ro�•ided in � �artigr�i� >h 17 hereof , upon I30PI'OK'P,C�S t�re�cli of any
<br /> eovenant br agreement of Borro�3�er in t6is �Sorf�age, including the covenants to pay wl�en due any swns secw•ed
<br /> ' by this �lortgage, Lender prior to accelerution sl�all uitiil notice to Borro�vcr as provided in paragrapli 14 l�ereof
<br /> : specifying; ( 1 ) the �reach ; ( 2 ) khe nction required to cure such breuch ; (3) a date, not less tl�an thirty days �
<br /> � from the date the noticc is mailed to I3orro�ccr, b�� «•I�icl� auch hrcach wust be cu�r.d ; and (4 ) that failure to cure
<br /> " such breach on or before ilie date specified in the not.ice �nay result in uccele�a[ion ot tlie sume secured by this
<br /> `` 12ortgage and sale of the Property. If tlie breach is not cured on or beforc tLe date specified in ti�e notice, Lender
<br /> ;� at Lenc3er's o�tion may declare nll of the swns secured L>y this \Iortgagc to be immediately due und payable
<br /> without further demand and �nay foreclose tt�is Alortgage by i udiciul proceeding. Lender shall be entitled to collect
<br /> jin sueh proceeding all expenses of foreclosurq including, but not limited to , costs of (jOCU111EI1t81'V evidence,
<br /> � abstracts and title report�.
<br /> : 19. Boaowei s Right to Reiastate. Notwithstanding I,endei's ucecleration of the sumc yecured by this
<br /> * Mortgage, Borrower shall have the ri�ht to have any proceedings i>egun bv Lenc9a• to enforce t6is �iortgage dis-
<br /> �' continued atany time prior to entry of a judgment enfo�rcing this �4ortgage if : ( al Borrower pays Lender all
<br /> : sums which would be then due under this �Iortg�ge; thc iQote nnd note� securing Future Advances, if any; had no
<br /> ' acceleration occurred ; ( b) Borrower cures all breaches of any other covcn:�nts or agreements of Borrower con-
<br /> � tained in this ivIortgage ; {r. ) Bormwer pays all rea�onable e�t�enses incurred b}� T.ender in i�nforcing the covenants
<br /> � and agzeements of Borrower containe3 in ttii: Jl�rcga�;c xi�u in eniurcing Lencier's reuiedies as provided in para-
<br /> � " graph 18 hereof, inclnding, Uut not ]imited to, rensonable attorneti-'s fee. ; eand ( ci ) Borrower takes suci� action as
<br /> � Lender may reasonably require to assure tl�at the ]ien of tilis \iortgage, Lendei's inierest in the Property and k
<br /> { Borrower's obligation to pay the sums secure�l by this :11ort�age sl�all continue �niinpai:•ed . Upon such payinent
<br /> "' and cure by Borrowe;, this T4ortgage and tl�e bbligations ,ecured 1�ereU�• �I�all reiiiaiit in full force and effect as if ?��` �,,
<br /> s no acceleration had occunecl: . � .,. ;;�
<br /> 20. Rssigcuaeat oE Reats;, Appointment o( Receiver, Lettder ia Possessioa. As additional security here- "t ;�
<br /> � � under, Borrower hereby assigns to I.ender ti�e rents of tl�c Propen.�•. pi•ovided that Borro�ver shall , prior to acceler- '';"`�. '
<br /> ' t,� ation under paragraph 18 hereof or abandonment of the Pioperty, l�at•c the right to collect and retain such rents �X;,� °�
<br /> � as they become due and payable. -. �;�
<br /> Upon acceleration under paragrapl� 18 hereof or ahandonroent of the Yropertv, Lender, in person, by agent .
<br /> � or by-judicially appointed receiver shall be entit:led to enter upon, take ��osse�sion of nnd manage the Property �" , '
<br /> snd to co'tlect- the renGs of the ;Property, including those , past due. 411 rents cotlected by I.ender or the receiver �"°-
<br /> i shall be applied first to payment of the costs of management ot the Propert}• and collection of rents, including, but
<br /> ` " not limited to, receiver's fees, premiums on receiver's bonds and reasonnble attorney's fces, and then to the sums
<br /> ' secured bS thia '��ortgagc. Lender' nnd thc reccirer sha21 he liablo to ac.count on:� ;ur LLus� reut� r�clus� lly rcuCav�d.
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