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<br /> uot extend oi• post.}3olie the due dttite of tl�e inonthly installments i•eferred to in parngraphs 1 and 2 hereof or
<br /> cl�ange the amount of siiclr installments.
<br /> 10. Bonower Not Released. I:xtension of the time foa• pa,yinent oranodification of ainortization of the sums
<br /> secured by tliis Yiortgage granted by Lender to an,y sur.cessor in interest of BorroFver shall not :operaie to release,
<br /> in uny �x�anner, the -liability 'of the original E3orro�i�e;• a;nd �3ori•ower:s successors in interest. Lender shall not be
<br /> required to commence proceedings against such successor or refusc to extenci time for payment or otherwise modify
<br /> � umortiz$tion of the sums secured by tl�is \tortgage by reasai of uny demand mude Uy the oizginal Borrower and
<br /> „�„ Borrower's suecessors in interest.
<br /> r 11. Fo;bearm;ce by Lender Not a Waiver. Any forbearance bp Lender in exercising any right or remedy
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<br /> � �.; ° hereunder, or othei-wise afforded by applicable ta�c� shall not be a wai�er of; or preclude the exercise of any right
<br /> � or remedy hereunder: The procurement of insurance or tl� e �>ayn�ent of taxes or oWier liens or charges by Lender
<br /> ,7 -», ehall not be a �vniver of Lender's right to accelerate the �naturity of tiie indebtedness secured i�y this b4ortgage. :� '
<br /> � � ; 12. Remedies Cumulative. All remeclies provi�3ed in this l2ortgage itre distinet and cumulative to any other '
<br /> I\ right or remedy under this llortgage or affordc�i' by ln�r ' or equit,y, and may bc exercised concurrently, independ-
<br /> � 1� ently or successively. ' i'
<br /> ; "13. Successozs aad Assigns Bound; Joint and Several Liability; Captions. The covenants and agreements ';
<br /> t herein contained shall bind , and the ri�hts hereunder shall inure to; the res��ective successoi•s and assigns of Lender
<br /> � and 'Borrower, subject to the provisions of paragr�i�l� l7 hereof. All covenants and agreements of Borrower shal! '
<br /> be joint and several . The captions and headings of the paragraphs of tliis \Iortgage are for convenience only and
<br /> '� are'not to be used to interpret or definc tlieprovisions lieceof. '
<br /> ; 14. Notice. Any notice io Borro�ver' provided Sor in tl�is llortgage slinll }.>c giaen l�y mailing suci� notice by `
<br /> 'j certified inail addressed to $orro�ver at the Property �ddress stated belo�e , eacept for any notice required under � '
<br /> � paragraph' IS hereof to be given to Borrok•er in tl�c manner ��rescribed t>y a�aplicable tair. Any notice provided "
<br /> ; for in this \-Tortgage shall be deemed to have been given to Borrower µ�hen given in the mr�m�er designated herein.
<br /> � 15. UniEorzn Mortgage; Goveming Law; Severability. This form of mortgage combines uniform covenants
<br /> :; for national use and non-uniform covenants with limited variations by jurisdiction to constitute n uniform secu-
<br /> ; rity instrument covering real property. This \ Im•tgage shall be governed by the law of the jurisdiction in which
<br /> ' the Property is located: In the event that any provision or clause of ti�is \4ortgage or the Note conflicts �vith i;
<br /> ; applicable law; 'such conflict shall not affect otlier provisions of this �Iort�age or the Note which can be given
<br /> -s effect without tl�e conflicting provision, and to this end tl�e provisions of the yIortgage nnd the Note are declared
<br /> r to be severable.
<br /> � 16. Borrower's Copy. Borrower shall be furnisl�ed a conformed copy oF this Mortgage at the time of execu-
<br /> tion or after recordation liereof.
<br /> s 17. Transfer of the Pzoperty; Assumption. If all m• any Part of the Property or an interest therein is sold
<br /> `r or transferred by Borrower without Lender's prior written consent, excluding (a) the creation of a lien or encum-
<br /> '� brance suUordinate to this VIortgage, (b ) the cret�tion of a purchase money security interest for household appli-
<br /> € ances, {e) a transfer by devise, descent or b,y operation of lai�� 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 /> ;F, deciare all the sums secured by this Mortgage to be iuunediatel3� due and pnyable. Lender shall have �vaived sucG
<br /> a option t,o uccelerate if, prior to tfie sale or transfer; Lender aud tl�u person to �vliom the Property is to be sold or
<br /> � transferred reacli agreement in writing tl�at the credit of such person is satisfactory to Lender and that the interest
<br /> 4' a able on the sums secure ' 1
<br /> P d b t h�s , 4 o r t a e s h a l l 1
<br /> Y �e at sucl� rate as L
<br /> Y g g ender shall r
<br /> c u e s t. I f L e n d e r h a s w a i v d
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<br /> a t he op tion to acce lera te provi de d in t his paragrap(i 17 and if Borrower'.s successor in interest has executed a writ- `
<br /> � ten assu:nption agreement accepted in writing b,y Lender, Lender stiall release Borrow�er from all obligations under ' '
<br /> ; this Mortgnge and the Note.
<br /> � If Lender exercises sucl� option to accelerate, Lender shall �nail Borrower notice of acceleration in accordance
<br /> � rvithparagraph 14 hereof. Sucli notice shall provide a period ot" not 7css thaii 30 days from the date the notice is �
<br /> mailed witl�in which Borrower may pay the sutua declared due. If Borrower fails to p:�y such sums prior to the
<br /> aexpiration of such period, Lender �nay ; without fuither notice or deivand on B�orrower, invoke any reinedies per-
<br /> # mitted by paragraph 18 hereof.
<br /> � I��ox-iTxisoenz CovExwxTs. Borrowei� and Lender fui•tlier covenant and ag�ree as follo�cs :
<br /> 18. Accelerationr Remedies. Except .is provicicct in p�iragrupl� 17 l�ereof, upon Bo�rower's breacl� of ' any
<br /> � covenant or agreement of Borrower in tliis Vlort�agc , inclucling tl�e covenants to pay ��•hen due any sums secured
<br /> � - k�y this �lortgage, Lender 2�rior to acceleraGion shall nr.iil notice to Borro���ci• as ��rovided i�i paragrapli 14 l�ereof
<br /> �' specifying ; ( 1 } the breacli ; (2 ) the a�ction required to cure sucli breacli ; ( 3 ) s datc , not less tlian thirty days �
<br /> � from fhe date the notice is mailed to I3orrowcr, 1>�� �chicli such Is�r.tich u�ust be cured ; and 1:4 ) that failure to cure
<br /> f sucl� breach on or before the date sPecifie<i i❑ t.he notice �nxy result in accelei•ation of tl�e swn� secured by this
<br /> y - ;�Iortgage and sale of the Property. If the breach is not cured or. or before the date specified in the notice, Lender
<br /> 3 at Lender's option inay �leclare a,ll of the swns secured by tlii� \Zortgage to be ' immediutely due and payable
<br /> u•ithout further demand and may foreclose this \4ortgaige by judicial proceeding. Lender shall be entitled to collect
<br /> S � in such proceeding all expenses of foreclosurc, including, but not liinited to , costs of docwnentary evidence,
<br /> ". r�bstracts and title reports.
<br /> - 19. Boaower's ffight to Reinstate. Notw•itl�standing I.ender's iicceleration of the sums secured by this
<br /> j Mortgage, Bormwer shall ha�•e the right to hn�>e any proceedings begun by Lender to enforce this DZortgage dis-
<br /> ; continued at t�ny time prior to entry of a judgment enfoTeing thi� Jlortgage if : (n ) Borrower pays Lender all
<br /> £: ' sums whieh would Ue then due under this �lortgage, thc Note and notes securing Future Advances, if any, had no
<br /> � acceleration occurred ; (b) Borrower cures xll breaches of am� other col�enant� or ssgrrements of I3orrower con-
<br /> � tsined in this Mortgage ; (c) Borrower pays all reasonaUle expense� incurred by Lendei• in enforcing the covenants
<br /> and sgreements of Borrower contained in this 14ortgnge and in enforcing i.endcr's remedics as pro�•idcd in p.�ra-
<br /> ; graph 1S hereof, including, but not limited to, reasonuble attm�nev's fee� ; and (dl Borrower takes Euch action as
<br /> a Lender may reasonably require to assure that the lien of this \lortg�ge, T,ender's inierest in the Property and
<br /> ' Borrower's obligation to pay the sums secured h,y this �'[ortgage shatl eontinuc uhim��aired. Ur�on such pa,ytnent '
<br /> •- ; ', and, cure by Borrower, this Mortgage and the obli�ations secured hereb�� shall remain in full fome anc� effect as iF -�;. - - ^�
<br /> , . -� _. . r.: ..�m . p
<br /> ; no acCeleration had occurred.
<br /> ` 20. Assigssment af Reuts; Appoiatment of Raceiver: Lender in Possessioa. As .tdditional securitY here- t" � +" �
<br /> �r under, Borrower hereby assigns to Lende; the rents of thc t'roperty; pro��icled thnt. Borro�ti�er shall, prior to acceler X �:,��
<br /> ation txnder paragraph 18 hereof or abandomuent of the Pioperty , have the right to collect and retain such rents ""Y"�
<br /> ae they become due and payable. !'�`"
<br /> Ugon acceleration;under paragrap}i 18 hereof or at�aindonment of tt�e Yroperty, Lender, in person, bv agent � �Y
<br /> or by judicialiy appointecl receiver sh.tll lie entitled to enie<— uppn, takc; � io;se,siui� uf an1 iiiv,ua�e tIie Pru�.>erty �-
<br /> and #,o colleet t.he rents of t.hP Prorett;;, includinc those past due. 11 ;1 i•en.s callected h}� Len:ler ur the receivCr �..
<br /> shali be spplied first to payment oF the oosts of inanagement of the Property 'and collection of rerrts , ii�cluding, but,
<br /> not limited to, receiver's7ees, ��remiums an receiver's bond� and reasonsble attorne}�'s fees; and then to t.he sum,
<br /> a�cured by this Mortgage. Lender and the receiver s1�a11 hc li�.ble to arcount onlv for th�ce rentc ��tnxllv recei��ed .
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