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<br /> not extend or �>6stponc the due ciate oi the montl�h- in,tnll�uenfs reicri•ed t,o in pai•agrapl�s I and 2 lxereof or
<br /> change tl�e amount of such instaltinents.
<br /> 10. Borrovi.er Not Released. �xte�ision of the tin�e for �>ayu�ent or �liodification of amortizatimi of the sums
<br /> secured by thas ZIortgagegranted l�y I.,ender to anv si�ccessor in interest of Borroia�er sha.11 not .operate to release,
<br /> in sny manner, the liability 'of t1�e original Bo�•ro�;�er and I3orro�ver's successors in interest. I,ender shall not be
<br /> required to comn�ence ;�roceeilings aeainst such si�r�,essn�• nr refase to e�:tie:ra time for F;wy,::e:,t �r utl;et�wise modiiy .
<br /> amorti2ation of the sums secured by this \ tortgage b,y reason of �in�• demand mnde by the orlginal Borro�ver and `�
<br /> � 2� Borrower's successors in interest. :
<br /> C� >li. Forbearance hy Lender Not a Waiver.< Any forbearance by Lender in exercising an,y right ox• remedy
<br /> Cr'J hereunder, or otherivise afforded by applieablc l�i�c, sk�all n�i he n waiver of or preclude the exercise of sny right �
<br /> ;� � ' or remedy hereunder. The, procurernent of insurance or the piyment ot taxes or other liens a• chai•ges by Lender �
<br /> f � shall not be 'a waiver of Lender's ri�liti to accelerate ' the maturity of tl�e inc3ebtedness secured by this Mortgage.
<br /> r � 12, Remedies Cumulative. All remedies provided in this J4ortgage are distinct and cumulative to any bther
<br /> � � right or remedy under tl�is Jlartgage or sfforded l�y la«� <�r c�qi�ity; and may be exercised concurrently, independ-
<br /> � � entiy or successively.
<br /> 13. Successots aud Assigns Bound; Joix►t �d Several Liability; Captions: The covenitnts and agreements
<br /> herein contained shall bind , and the rigfits l�ereunder shall inw•e to, thc recpective successors snd assigns of Lender-
<br /> and Borrower, su}�ject to thepro��isiom of paragrsph 17 hereoi. ;111 covenants and � grecments of Borrower shall
<br /> be joint a»d several: The ca��tions and headin�s of t.Le paragrslihs of ihi�: \tortg:a�c nre for convenience only and `
<br /> nre not to be used to interpret or �efine the provisions hereof.
<br /> ' 1Q. Notice. Any notice ta Borro�;�ei� ��covided for in t1�i� 3lortgane ,t�ati bc gi��en i�y maiting such notice by
<br /> ? certified 1nai1 addressed to Borroti��er :�t the E'ropert �- Addre,s .taterl belo��� , except for any notic�. required under
<br /> paragraph 18 hereof to be given to Borro���er in the u7anner prescribed by applicable la�v. Any notice provided
<br /> for in this �4ortgage shall be dee�ixed to havc been gi��en Lo Borro���er wl :en gi��en iu the inanner designnted l�erein:
<br /> 15. Uniform Mortgage; Goveming Law; Severability. 'Pl�is fonii of mortgage cvmbines uniform covenants
<br /> Tor national use and non-uniform covenants witdi limited variutions by jurisdict.ion to constitute a uniform secu-
<br /> , rity instrument covering real property. i'his \Iortgsge shall be governed by the larv of the jurisdiction in which
<br /> the Proflerty is tocated . In t1�e cro•ent that :tiny provision or c]ausc of this �lortgagc or the Note conflicEs with
<br /> �pplicable ]aw, such conflict shall not affect other pro��isions of this \ lortgage or the Note which cun be given
<br /> effect without t.he conflicting provision, and to this end the pro�•isions of the _ltortgage and the Note nre declared
<br /> to be severable.
<br /> ;� 16. Borzower's Copy. Borrower shall be furnished i� confa•med copy of this D-fortgage at the time of execu-
<br /> tion or after recordation hereof.
<br /> E ' 17. Tzansfer of the Property; Assumption. If all or any part of the Property or an interest therein is aold
<br /> R or tranaferred by Borrower without Lender's prior written consent, excluding (s ) thc creation of a lien or encum-
<br /> ' brance subordinate to this �4ortgage, ( b ) the creation of .i purchase money security interest for household appli-
<br /> ! ances, (c) a transfer by devise, descent or b,y operation of la�� u� �on the death of a joint tenant or (d) the_ grant of
<br /> anyleasehold interest of three years or ]ess not containing an option to purchase, Lender may, at Lender's option,
<br /> y declare all tho sums secured by this \Zortgage to be inunediately ciue :anci payable. Lender sl�all have �vaived such
<br /> ; option to accelerate if, prior to the sale or trftnsfer, Lender and tlie person to whom the Property is to be sold or
<br /> i transferred reach agreement ia �uriting that tl�e credit of such person is satisfzictory to Lender and that the interest
<br /> � payable on the sums wecured by this \lortgage shall be �t sucl � rate as I.ender sl�all request. If Lender l�as �vaived
<br /> ` the option to accelerate provided in this paragraph 17 and if Borro�ver's successor in interest h�s executed u writ-
<br /> sten assumption agreeri�ent accepted iii writing by Lender, Lender shal ! release Borrower froin all obli�ations under
<br /> this 1VIortgage and the Note.
<br /> ; Tf Lender exercises such option to accelerate, Lender shall �u�il I3orrower notice of acceleration in accordance
<br /> '- tiu:tl: paragraph 1� nereoi. Such notice ahull provide a period of not les� tl�an 30 daiys from the date the notice is
<br /> ' mailed within which Borrower may pay the sums declared due. lf Borro���er fails to puy sucl� sums prior to the
<br /> + expiration of such period , Lender ma,y, witl�out furt.l�er noticc or �lemstnd on B'orrowcr, invoke any remedies per-
<br /> j mitted by paragraph 18 hereof.
<br /> � �'ox-UxiFox.M CovExnxTs. Iioi•i•o�ve �• aiid Lende�• furt.l�er covenant and ag•i•ee a:; follo�vs :
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<br /> 4 18. Accelezation; Ramedies. I;xcept tis pro��icicd in � �aragruph 17 hereof , upon Borrower's t>reach of any
<br /> jcovenant or' agreement of Borro�ser in ti�is �iort �;.uge. includitag tlic covencxnts to pav wlien duc any smi�s secured
<br /> by this �llortgage, Lender �irior tu .� ccelei•ation shall m�iif notice zo 13ui•ro�ver as �irovided i �i para�i•apli 14 licreof
<br /> � apecifying`. ( 1 ) the breach : C21 tl�e nction rcyuired to cure such breach ; 131 n d.� ie, not: less tl� zm ' thirty days
<br /> (roni the date thc notice is wailecl to 13orro�rer, b}� ��-liicli sucli I ,re;icL mnst Ue em•ed ; and ( 41 that Ysilurc to curc
<br /> s ` such breach on or before the date si.�ecified in the noticc mu,y result in acceleration of the smn; secured by this
<br /> i 14ortgage und sale of the Yroperty. If the breuch is not ctu•ed on or before the date specified in tlie notice, Lender
<br /> at Lender's option ' may declare zll c�f the :u� n, secured b5- this \lortgage io l�c immedistely due and �aynUle
<br /> without further demand and �x�ay forec]ose tiiis \4ortga�e. ln� jUdicial �>i•oceeding. I,cnder shall be entitled to collect
<br /> in kuch proceeding ssll expenses of ioreclosure, inclu� ting, hut not liuiited to, co,ts of flocuiiyentary� evidence,
<br /> + abstracts and title report�.
<br /> 19. Boaoweze ffight to Reinstate. lotw•ithstauding I.ender'e ucceleration of the swvs secured }�y thi,
<br /> Mortgage, Borrower ahall have the right to l�ave any proceedings hegmi b,y Lendcr to enforre this Mortgage dis-
<br /> continued at any timepriorto entry of a judgmeni enfokcing this \1ort �;age if : (a ) Borrower pays Lende�• alt
<br /> sums which would be then due under this liortga�e, the ?\'ote and notes .eeuring Future Advances, if anv, hacl no
<br /> acceleration occurred ; ( b) Borrower cures all bm:ache. of am� other co�•en:in2s oi• agrecments of Borrower eon-
<br /> tained inthis '_12ortgage ; (c ) Borrow-erliays all rexaonabie is� �ense, iucurred b�� T.ender in enforcin�; the covenants
<br /> anci agreements oi Borrower contained in this �lortgage and iu eni'orcin� Lender'. ren�edie� ns provided in para-
<br /> graph 18 hereof, including, Uut not limit.ed to, reusonable sttai•nep '� ieea ; anci � dj Borro;rer t�kes such action as
<br /> ; Lender may reasonably require to assure thst the lien of tliis \Iortgage, Lencier's interest in the Property and
<br /> Borrower's obligation topay the sums secured h,v thi� �lortgsge sl�all continue uniinE�aired . Upun such payment ° "
<br /> � and cuie by Borrower, tliis Mortgage and the obligations ,ecured hereb�r shall remain in full im�ce and effect us if 4 " 'z '��.
<br /> � no acceleration had occurred. - " �
<br /> £ 20. Asaigna�ant of Heats; Appointment of Receiver; Lender in Possession. r1s additional security herz- � � `�`�
<br /> � under $orrower hereb 'assi } � p � �r ° ` .
<br /> , y gns to`Lender tlye rents of the Pro �ert ��: u•o��i<le<� th2t Bocro�rer shall, rior t,o acceler- 4„�;�t �
<br /> �; ation under paragnaph 18 hereof or abandonment of thc Prot�erty, h;xve il�c rigl�t to collect and retsin such rents �; r2,.
<br /> : ` ae they become dneand paysble. ' � ,�
<br /> ; Upqn acceleration uuder paragrapl� 18 hernof or ahandonment of t}ae Yrorivrtv; I.ender, in ,+��r�rm , by sge:�t ' �
<br /> or b udiCi�ll R ' "
<br />� ' , y j y ppointed receiver shail be entitled to cnter upon; Yake posse.sior� ot aud m,� nage the Vrc.i,ert.y �
<br /> and to :colleet the rents of the' Yro rt ' -ineludin those " ' Y �b=- '
<br /> = Pe Y, g past due: .#ll rents collecte<� by Lender or t.he receiver
<br /> shall be spplied first to payment of the costs of n3anagement of tlie Yroperty and collect�on of rents, including, but
<br /> ' '. not limited to, receiver's fees, premiums on receiver's bonda and reasonablc attorney 's fces, and then to the sums
<br /> secured by tliis RSorLgage_ Leudei• n,ud 61�e receiver sliuIi be 1ia61e to account only for those rc;nt� aet�allY received .
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