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<br /> not extend or post.pone the due date of the anonthly instalhnents referred to in paragraphs 1 and 2 hereof or
<br /> � change the amount`of such instaliments,
<br /> � l0. Borrower No( Released. Extension oF thc tiu�e for payment oT• modification of a�no�'tization of the sums
<br /> � secured by this 1�Iortgage granted b,y I:endei• to an,y successor in intei•est of $orrower sl�all not ;ot�erate to release;
<br /> O in any inarnier, the liability oE the original Borro�ver a,nd F3orro�ver's successors in interest. Lender shall not be
<br /> � � required to commence proceedings against suci� successor or refuse to extenci time for payment or otherwise modify
<br /> amortization of the sums secured by tl�is \tortgage by reuson ot ,any detnand made by the original Borrower and
<br /> ` � � ' Borrower's successors in interest. ` <
<br /> f � " 11. Forbearcmce`by Lender Not a Waiver. Any Sorbearance by Lender in exercising any right or remedy ;
<br /> ; hereunder, or otlierwise afforded by applicable law , shall not l�e tt wai:�er of or preelude the exereise of any right �'
<br /> €' or remedy hereunder. The procurement of insurance or tkie payment of taxes or other liens or charges by Lender � �
<br /> shail not be a waiver of' Lender's riglit to accelerate the n�atnrity of the indebtedness secured by this 'Mortgage. `
<br /> 12. Remedies Cumulative. ' All remedies provicied in fGis 14ort�sge are distinct snd cumulative to any other '
<br /> � right or reniedy under this 1Ioitgttge or ' nfforded by Ix��c or equity, and may be exereised concuerently, independ-
<br /> ; ently or successively.
<br /> 13. Successors and Assigns Bound; Joint and Several Liability; Captions. ' The cocenants and agreements
<br /> ;� herein contained shalt bind , and the rights hereundet• sliall inure to, the respective successors and assigns oF Lender ,s
<br /> ; and Borrower, subject to tlie }�rovisions of p� ragrapli 17 hereof. A11 cove��nnts anct agreeznentis of Borrower shall
<br /> r be jointand several. Tlie captions and fieadings of tl�e paragraplis of tl�is \lortgage are for convenience only and " '
<br /> ; ' are not to be used to interpret or define tLe provisions liei•eof. °
<br /> i 19. Norice. Any notiee i4 Borro�ver provided Sor in tJ�is _llortgsge shall be aiti•en by mailing sucl� notice by
<br /> ;, certified m� il addressed to Borrower at tGe Property �lddres, skated belo«� , e�cep�t for any notice required under
<br /> ' ��aragraph 18 liereof to be given to Borro�r-er in tlie inannei• prescribed by applical>le la�v. Any notice provided
<br /> ? for in tl�is J4ortgage shall he deemed to l�avc been given io Borro�ti�er when given in the manner designated herein. � '
<br /> 15. Un.iform Mortgage. Governing Law; Severability. This form of mortgage combines uniform covenants �`
<br /> ' for national use and non-uniforru covenants �vith limited �•ariations b}� jurisdiction to constitute a uniform secu-
<br /> ? rityinstrument covering real property. i'his \Iortgage shall bc govei•ned by the law of the jurisdiction in which �'
<br /> r the Property is loca.tea. In the event that any provision or clause of tl�is Mortgage or tl�e Note conflicts �vith
<br /> ; applicable law, such conflict shall not affect otl�er provisions ot tl�is \lortgage or tl�e Note which can be given
<br /> � j effeet without the conf�icting provision, and to this end the provisions of the �lortgage and the Note are declared
<br /> Y to be severable:
<br /> :9 16. Borzower's Copy. Borrower shall be furnisl�ed a conformed copy of this Ntortgage at the time of execu-
<br /> tion or after recordation hereof.
<br /> F 17. Trmnsfer of the Property; Assumption. If all or any part of the Property or an interest therein is sold
<br /> i or transferred by Borrower ��ithout Lender's prior written consent, excluding (a) the creation of a lien or encum- ' `
<br /> � brance suUordinate to this 1•1ort.gage, ( b ) the creation of a purehase money security interest for househoId appli-
<br /> I ances, (c) a transfer by devise, descent or by operation of 1�«• upon the death of a joint tenant or (d ) the; grant of
<br /> + , any leasehold interest of three years or less not containing an option to purchase, Lender may, at Lender's option,
<br /> declare all the sums secured by this Mortgage io be inunediately due � nd payable. Lender shalt have waived such
<br /> � option to accelerate if, prior to the sale or transfer, Lender :Liid the person to �vhom the Propecty is to be sold or
<br /> ^ transferred reacl� agreement in writing tl�at the credit of sucli person is satisfactory to Lender and that the interest
<br /> � payable on the sums secured by this ' Mortgage sl�all be at sucli rate as Lender shall request. If Lender has waived
<br /> E 1.
<br /> j the option to acceierate provi3ed in this paragraph 17 anct if Borrower's successor in interest has e?cecuted a �vrit- ,:
<br /> ten assumption agreetnent accepted in writing by Lender, Lender shall release Borrower from ail obligations under
<br /> this Mortgage and the Note.
<br /> ' If Lender exercises such option to accelerate, Lender shall nnail Borrower notice of acceleration in nccordance
<br /> " witl� paragra�h 14 hereof. Such notice sl�all provide a period oi not less thun 30 duys from the date the notice is
<br /> yinailed within which Borro�ver may pay tlie sun�s declared due. If Borrower fails to pay such sums prior to the
<br /> ' expiration of such period, Lender may, ���ithout further notice or demand on Borro�ver, invoke any remedies per-
<br /> � mitted by paragraph 18 hereof.
<br /> ,f :Vox-17xiFosM CovEr:nrzs. Bori•o�ver• aind Leudei• fuz•tl�er covenant and abree as fo]lows :
<br /> f 18. Aeeeleration; Remedies. Exee t as 7rocided in �ara =r t �L 77 hereof u �on Borrower's breaeh of an
<br /> � P 1 1 ' 6 � 1 � 1 Y
<br /> covenant or agreement of Borro«•er in this �fortgagc, incluciin�; the covenants to 7�ay ���hen duc any sums secured
<br /> � by thie �lortgage, Lender ��rior to iicceleration ahall muil notice to Borro��•cr as ��ro��idCci in paragraph 14 hereof „
<br /> specifying : ( 1 ) the breach ; (2 ) t.he nctio�� rcquired to cure such breacl� ; (3 ) a d�te, ;iiot less tl�an thirtV days
<br /> from the date the notice is mailed to I3orrowea•, by «•liich ;ucl � brcacli must bc cured;, and (4 ) that failm•c to cure
<br /> such breach on or before tlie date specified in the notice may }•esult in acceleiation of tlie sumc secured by this
<br /> Mortgage and sale of the Property. If the breach is not cured or. or before tlie date specified in the notice, Lender
<br /> at Lender's option may declare all of tl�c �u�ns secured ��• tl� is \Zortgagc to be immediately due und payable
<br /> i without further demand and may foreclose this vlortgage Ixy judicial proceedin�. Lender shall be �entitled to coilect �
<br /> � in such proceeding all expenses of foreclosurc, including, but not li�uited to , costs of docwnentary evidence,
<br /> ; abstracts and title i•eports. '
<br /> ;, 19. Boaoweis ffiqht to Reinstate. Not���ithstanding Lender's acceleration of the suius secured b,y this
<br /> ' A4ortgage, BorroweT shull have the rigtit to ha�•e a�iy proceedings begun by Lendcr to enforce this �4ortgage dis-
<br /> ; continued at any time prior to entry of a judnment enfo}�cing this 1Iortgage if : (ssj Borrower F�ays Lender all
<br /> "` sums which would be then due under this \lortgage, tlic Note and notes securing Future Ad��onces, if sny, had no
<br /> acceleration occurred ; (b) $orrower cure� all Ureucl�es of any other co�•enants or a�reen�ents of Borrower con-
<br /> tained in this Mortgage ; (c) Borrower payc all reasonablc et��enses incurred b`• I.ender in enforcing the coti�enants
<br /> ar.d agreements of BorroR•er contained in ttii; _lloit.�;uge auu in euforcin�; I.cc�der:� rr�uedies �s pruvided in {�aru-
<br /> graph 18 hereof, including, bvt not limit:ed to, reasonable attorne��'s fee, : .ind ( d ) 13orrowe�• iakes such action aa
<br /> Lender m$y reasonably require to assure tl�at the lien ot tl�is \Iortgagc, Lender's interest in the Property and �
<br /> Borrower's obligation to pay the sums secured fiy thie 17o�•tgage shall rontinue unitupaired . Upon such payment
<br /> and cure by Borrower, this 113ortgage snd tl�e obligations secured liereU}• eGal! retnain in full force and effect as if tia � " � 'M1,
<br /> no acceleration had occurred. - " n-� •' • u +',��' '
<br /> � 20. Assigximeat o! Reais; Appoiatment of Receiver; Lender in Poasession. As additional security here- fe " ��^��,�
<br /> under, Borrower herebyasaigns to Len�er the rents of the Property: jn•ovided 'thut Borro�ver shall ; prior to accelez- = , N ^
<br /> �, ation under paragraph 1S hereof or sbandonment of tl�e Property; have the right to collect and retain such rents r *' �`�
<br /> , ae they become due and payable. . ' ' > ' �°��
<br /> Upon aeceleration under paragraph 18 hereoE m• ziban�onment of the Yroperty; Lender; in person, bp agent . '_
<br />� �' wr Ly: jndiciaily appointed receiver shall be entitled to enter upon; take possec�ion of' and manage the Yroperty
<br /> r�nd Lci co11�x:L L1ie rents of the Pr�up¢riy„ incluciing those past due. All rents collected by i.ender or the receiver '� A � Y
<br /> shall be applied first topaymentof the eosts of �yianagement of tlie Property �nd collection of rents, including, but
<br /> not limited ta, receiver's fees, premiums on rcceiver's bond� and reasonable attorney's fees. and then to the sums
<br /> secured by thie Mortgage. Lcadcr and thc reccircr s22a11 hc linblc to account anlr for tho:e rent� act.ually recei ��e.L
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