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<br /> not extend or postpoi�e the due date oi tlie monthlv insiallment, referred io in laaragraphs 1 and 2 hereof or
<br /> cl�unge the t�mount of suelr installmenta
<br /> 1�, &osrosver Not Relecxsed. Exteiision of 2he t ��ne loi p����inent or modification of s3nortization of the suir.s
<br /> ,'' � secured by tliis 1Zortgn�;e �ranted bv Tendei to any �ucce�sot m i �rt,ecest of Borrower shall not operaic to release, �
<br />� �i . � .. � a. it] �3pV t7tantjnr.� t}ic+ 1jL� (?l� !k?' Cf� t�� �L�::b33:..1 :8 ..:-:C:. ... u.�� � uvalv:l"�'�i .� oui.l'OJSVin � iii Lii,Bli:Ji.. 1�Clll'1CP � 5�7311 �ROt �3C � � �
<br /> � �°� required to commence 7iroceediiigs .egair�st sucl� successor or refiise to extend time Toz paymeator otherwisemodify
<br /> � amortization of the sums secured b k]�is \lort � c by i•easoi� ot aa� demflnd made b the ori inal ` Borrqwer and
<br /> � � y g g 3 y �
<br /> Borrower's sueoessors in interest.
<br /> i �� 11 . Forbearmnce by I.endBr Not a Waiver. ' Auy forbesrance by Lender in exercising uuy right ar remedy
<br /> � �^ hereunder, or otherwise afforded by npplicuble la�v, shali not be a waiver of or preclude the exercise of any right
<br /> t �"�e ' '. or remedy hereunder. Tlie p3•ocurementbf insurance or tlie payment of taxes or other liens or charges by Lender
<br /> ) � shsll not be is K�siver of Lender's right to accelei•nte the maturity of the indebtedness secured l�y' this Nlortgage:
<br /> $ 12. Remedies Cumulative. ` ?,ll remedies provided in #,his \lortgage are distinct nnd curnulative to any other
<br /> � right or remedy w�der this \Iortgage oi� afforded' I>y la�r or equit.y; und may be exercised concurmntly, independ-
<br /> � . ently or 5uccessively. `
<br /> � , ' 19. Successors and Assigns Bound; Joint and Several Liability: Cttptions. The coc�enants and agreements
<br /> ° lierein 'cuntained shall` bind ; and tlie riglit.s l�ereunder shall inure to, the respective successors and assigns of Lender �
<br /> ' and Borrower; subject to the provisions of paragr�ipl� 77 hereof. All covenanis .ind agreements of Borrower shall
<br /> ? ` be joint and sei�eral : The captions and 6eadings of Clie ��aragraph� of this �Lortgagc are for convenience only and
<br /> i Are not to be used to interpret or define tl�c provisions l�ei•eoi:
<br /> + 14: Notice. 6ny notice tu Borro�rer ��i�ovided for in tl�i; \Iqrtgcige nl� all b�� �;iren Ly 7n�i]ing such notice by
<br /> certified �nail addressed to $oi•rower ac tiie Yropert,y Acidress stated belo«• , except for any notice required under
<br /> �ara ra h 18 liereof to be >ive o • • �c � I
<br /> a � g p 6 n t o I 3 i i o c r i n t h e m a n n e r p m.c r i b e d b y a l 7��l i c a b l e l u+�: A n y n o t i c e p r o v i d e d
<br /> efor in this \Lortgage shall he deemed to ]�a�•c bcen giveti to I3orro�cer �vlien �iven in the manner designated herein.
<br /> x 15. Uniform Mortgage; Govamiiag Law: Severability. 'L'his forin of n�ortgage combines uniform covenants
<br /> ' for national use and non-uniform covenants lviti� limiiert ��:iriationa by jurisdiction to constitute a uniform secu-
<br /> ; rity instrun�ent covering real property. 'i'his \Iortgage sha] l be governed hy the lan� of the jurisdiction in which � ,
<br /> � the Property is located. In the eveni that an,y provision oi• clause of this �1m•t.gage or the Note conflicts with
<br /> � applicable law, such conflie.t shall not affecC other provisionc of this \lortgage or thc Note which can be given
<br /> 4: effect without the conflicting provision , and Co this end the pro��isions of the \lortgage and the Note are declared `
<br /> � �� � � � to be severable. � � ' ��
<br /> a16. Borrower's Copy. Borrower shall be furnished n contormed copy of this 1lortgage at tlie time of execu- •
<br /> tion or after recordation hereof. ; `
<br /> f 17. Transfer of the Pzoperty; Assumption. If all or any part of tl�e Property or an interest therein is sold
<br /> { or transferred by Borrower without Lender's prior written consent , excluding (a ) t,he creation of n lien or encum-
<br /> � brance suUordinate to this \-fortgage, ( b) the creation oS a purchase money security interest for household appli- �
<br /> � ances, (c) n transfer by devise, descent or by operat�m� of la�c upon the death of a joint tenant or (d) the, grant of �
<br /> any leasehold interest of three years oi• less not conta�ning an optioii to purcliase, Lender may , at Lender's option,
<br /> 1'- declare all the sums secured by this B4ortgage to be nmilediutel�- due .nncl pa}•able. l,ender sl�all have �raived such
<br /> t N option to accelerate iS, prior to the s:sle or transfer, Lender and the pei•son to �ti�lioin flie Yroperty is to be sold or
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<br /> ; transferrecl reacl�. agreement �n �uritine t:hat t1�e_rreriit. nf s��ch uarFnn_i, �,,ti�f� ��rn�•.� + n T P.,� P. �;;L t�;�� tti� _..+.,...,�. _ _ � _ __ _ _�
<br /> ? payable on the sums secured by this l�Iortgage shal] be at such i.3tc as I.ender sha11 reryuest. Ii Lender has waived
<br /> ' the option to accelerate pmvided in t.his pnrxgrsph 17 and if Borrower's successor in interest has executed a writ-
<br /> � ten assumption agreement accepted in rvriting by Lender, I,ender �hall release Borro��er froin all obiigations under
<br /> � this Mortgage and the Note.
<br /> � If Lender exercises such option to accelerate, Lender shall mail 23orrower notice of acceleration in accordance
<br /> �vith p:�ragr�ph 14 hereof. Such notice slisll pro��ide a � �eriod of not less th:�n 30 day� frmn the dnte the notice is
<br /> inailed �i•itl�in whicn 13orrower �nay pa�� tlic sums declared due. If Borrow•eT- fails to pay sucl� sui7is prior to the
<br /> expiration of such period, Lender may , �vithout furtlier notice or �iemand on B'orrower, in��oke any remedies per-
<br /> mitted by paragraph 18 hereof.
<br /> ` :v'ox-UxrFo�taz Covtxarxs. Borrowei• and Lende�� inrtlier covent�nt and �g•re� as folio���, :
<br /> ;' � �
<br /> � � � 18. Acceleratioa; Remedies, Fxccpt as pro��idrd in para�;ra� �L 17 hereof , upon I3a•rower's brexcli of � any� �
<br /> = covenant or agreement of Borro«�cr in tl�i� 9lortga�;c, including tlic covensnts to �ia}� ���hen duc any sums secured
<br /> � ' by this \Iortgage, Lender prior to acci�lerutian ,I �all iiuiil notice to I3orro�vcr as ��rovided in �.tragrapli 14 l�ereof .
<br /> ' cpecifying : ( 1 ) the breach ; ( 2 ) tlie :iction rcquircd to cure such breach ; 13 ) a date, not, less tlian thii•ty days
<br /> � � from the date tlie notice is mailed to 13oi•ro�ecr, I >�� ���6ich sucli bre:lci � �i�ust- be mu•ed ; and ( 4 ) tha6 failui•e to curc� � � �
<br /> such breach on or before tlre date specified in 1I�e notice muy result in accelerstioii of the sums securecl by tliis
<br /> 1lortgage and sale of the Propertq. If the breacli is not em�ed on or before t6c date ,pecified in the notice , Lender
<br /> at Lender's option ulsy declare alt of the sums secured by this \lortgage to be iinmediately due and puyable
<br /> withoutfurther dei'nand and may foreclose this \4ortg��ge by judicial proceeding. Lencler s6a11 t>e entitled to collect
<br /> in such proceeding all expenses of foreclosure , inclu�ling, but not limited to , costs of docwnent.ary evidence ,
<br /> ! $bstracts and title reports.
<br /> 19. Boaower's Right to Reinstate. Notwithstanding I.endei's acceler�tion of the suxns secured bV this
<br /> Mortgage, Borrower sh�sll have the right to ha��e any� proceeding� begun b�- Lender io etifom�. this S9ortgage dis-
<br /> continued at any time prior to entry of a judgment enfoTcing this \Iortgage if : ( u ) Borro�+-er pays Lender all
<br /> sume whicli would be then due under this \lortguge, the \ote .tind notes securing Future Advances, if any, hsd no
<br /> acceleration occurred ; ( b ) Borrower cures aill breiiche� of am� other covenants or agreements of Borrower con-
<br /> tained in this Mortgage ; (c) Borrower pa,ys ull rea�onablc� expen�e� in��nrre�l I,y I.ender in enSorcing the co�•enants
<br /> and agreements of Berron�er contained ia tf:i� \:ui•t�,ari :iiid iu cn :"or� in �; Le;iaer'; r�madie.; u; piu��i�.l.ia iii F>�i�a-
<br /> ` graphl8 hereof, including, but not limited to , reasonxlile atloine��'� iee� : aiid � dl Borrol��er tskes such action as
<br /> Lender may reasonably require to assure that the lien of this \fortgagc. Lender's i��terest in the Yroperty and �
<br /> Borrower's obligation t.o pay the swns secured b�• th�. �1oi•tgugc �hall continuc unimpaired . L'pon such payment . � � ;
<br /> � ' and cure by Borrower, this A2ortgage and the obligation� secured hereb�� shall remain in full forcc and effect as if , ,„ .. ,. .' . � . '
<br /> no acceleration had occurred. � � •�-
<br /> � x � *�� �.
<br /> 20. Plasignmeat of Rents; Appoiatiaeat of Receiver, Lender in Possession. As sdditionnl secuTity here- �- " ��
<br /> under, Borrower hereby assigns to Lender the Tents of the Properiy, provided thati 13orrower shall , prior to acceler- �" �`
<br /> ation under paragraph 18 hereof or absndonment of t6e Property, l�ave the right to collect and retain such rents `k �� '
<br /> � as they become due and I,aysbie♦ �" ;�
<br /> i Upon aoceleration under ��aragrspi� 18 l�ereof or ai�yndonmcnt of the Yroperty , Lender, in person, Ly agent
<br /> , or by :jud.iciAlly uppointed receiver �;naIi i�e eaiilleii t� r.istr.r uE�on , tsske posse�sion oi and maua�e the YroPerty
<br /> ` and ta calect the rer.ts of tl�e Pro��erGy , iuclucling tkw�e � �asL due. :� il mnc� cotlected b�� Lea<ies ur the receiver
<br /> shsll be applied first to payment of the costs of manugement of t1�e Propert�> an�i colleetion of ren2s , includin�, btrt
<br /> � not limited to, reeeiver's fees, premiums on r�ceiver'c bpnds and rexsonable attorney 's fce s, xnd then to the sums
<br /> seeured bv thia Mort,gap,v: T.Pnrivr xnd thP rP��ivPr �{istf 1.� �inhle to secoimt er. ly for t!� oGc rcnts ac±ua! tc rceci�•ed.
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