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<br /> not extend or j�ostpone the due date of fi�e mont6ly ir�st :ilhnents referred to in I�aragraphc I and 2 hereof or
<br /> chan�e the ainount <ot sucl� installments:
<br /> i0. Bor;ower Not Released. Extension o£ tlie time foi• ��a�mer�t or modification of a�nortization of the sums
<br /> secured by tl�is l�lortgage granted by Le�tder to .�nv siiccessa• in inEerest of Borrower shall not operate to release;
<br /> in any manner, tlie liability of ' the origiiial I3orl•ower and 13orrower's successoTs in interest. Lender sha,ll not be
<br /> required to commence �>roceedings against cucl� successor or refuse to extend time for payment or otherwise modify'
<br /> umortization of the sums secured by tliis .11ortgage b�� reasois of nny clemsnd in.ide by the original Borrower and , ;,
<br /> Borrower's suceessors in inteiest. +
<br /> � 11, Forbear�ce by Lender Not a Waiver. Any forbearance by I;ender in exercising any right or remedy' ` '
<br /> � tiereunder, or`otlierwise afforded Uy applicable la�ti� , shall not be a �vaiver of or preclude the exercise oF any right '
<br /> �-� or remedy hereunder. The procurement of insurance or tf�e payment of taxes or other liens or chflrges bv Lender
<br /> �,-. sha3Tnc�t bc a a�•aiver of I�ender's rig}�t t.o accelerate the inatuTity of the indebtedness secured Uy this Mortgagei � .;
<br /> �:; 12. Remedies Cucx�ulative. All i•emedies �irovided in tl�is \ZorEgage sre distinet and cumulative to any other �
<br /> �; right 'or remedy under t.his 1lortgage or nfforc9ei� I�y la��- 'oi• equiiy; `sn<9 �ii� y be exercised concurrently, independ-
<br /> ` ,_.. ently or successively. ', : i
<br /> `'` 13. Successors and Assigns Bound; Joint �d Several Liability; Captions. The covenants nnd ugreements
<br /> � herein contained sha31 bind , and the rights hereunder shall inui•c to, tlic i•ecpectivc successors 3nd assigns of Lender
<br /> � and Borrower, suUject to the provisions of pai•ngrapl� 1. 7 3fereof. :111 covenanks and agreements of Borrow•er sliall
<br /> be joint �nd several. The captions and J�eadings of tlie paragra�>hs of tl�is \lort,guge are for convenience only and
<br /> ��; 4 . are not to be used to interpret or define ttie provisions liereof.
<br /> 74. 11Tatice, Any notice to Boi•roiNer prot•ided for in tl�i5 \ Ioi•t��ge slzall be gic•en by tnniting sttch notice by
<br /> certified �nail addressed to Borrower :it the Pi•operty .�ddress stated belo��� , ci:cefit fa• auy iiotice required under
<br /> paragr�ph 1 $ hereot to f�e given to Borro�cer in � the m�nner prnscri}aed t,�y xpplic� ble l��v . � Any � iiotice provided �
<br /> for in tl�is \fortgage shall }>e deeined to h�n�c beei� given to I3oci•o���ei• �vhen gi��en in tlie, maimer desi�nated herein :
<br /> 15. Uniform Mortgage; Govetning Law; Severability. 'Phi� Portn of mortgage canbines uniform covenants
<br /> for national use and non-uniform covenants witli limited variat,im�c Uy jurisdiction to constitute a uniform secu-
<br /> rity instru3nent covering real property. This \Ia•t6agc shalt be governed by the law of the jurisdiction in which
<br /> the Property is located. In the event that any provision or clause of this \4ortgage or the Note conflicts with � '
<br /> Y applicable la�,v, such conflict shall not .iffect. other provisions of this \iortgage or tlic Note which can be given
<br /> � effect without the contlicting provision, and to this end the provisions of the lIortgage �nd the Note are declared
<br /> ; to be severable.
<br /> ' 16. Borrower's Copy. Borrower shall be furnislied .n conformed copy of this D1ort�age at the time of execu-
<br /> tion or after recordation liereof.
<br /> 17. Transfer of the Property; Assumption. If all or sny parC of the Property or an interest therein is sold
<br /> or transferred by Borrower �vithout Lender's prior written consent ; excluding (x ) the m•eation of a ]ien or encum-
<br /> " brance suUordinate to this vfortgage, { t� ) the cretltion oC a purchase money security interest for househoid appli-
<br /> S ances, (c) a t.ransfer by devise, descent or by operation oi ] au� upon the death of a joint t.enant or (d ) the, grant of
<br /> any leasehold interest of t}iree years or less not containii�g �tn oiztiou to purchase, Lendei� may, a.t Lender's option,
<br /> declare all the sums secured by ktiis \Zortgage to be iu�mediatcly due atid payal�le. Lender sl�all have �vaived such
<br /> � option to accelerate if, prior to the sale or t.ransfer, Lender and thc ��erson to wliom thc Property is to be sold or
<br /> ; transferred reael� agreement in writing tl�at the credit of sucli person is �utisfactory to Lender and that the interest
<br /> �; payable on the sums secured by this Mortgage sl�all Le at �uch ratc as I.ender shall request. If Lender has waived
<br /> the option to aoceleraie ��rovided in this paragrapl� 17 and if I3orrower's successor in interest has executed a writ-
<br /> ten assumption agreeinent xccepted in �vriting b,y Lender, I.ender shall release Borrower Trotn all obligations under
<br /> this Mortgage and the I�Tote.
<br /> . ; If Lender exercises such option to accelerzite, Lender shall :nail Boriower notice of acceleration in accordance
<br /> F ' with paragrapli 14 hereof. Sucl� notice ali<il ! provide :i period oi not, less th� n 30 days from the date tlre notice is
<br /> � mailed within whicl� Borrower may pay tlie smns declared due. If Borro�ver fail; to pay suoli surns prior to the
<br /> � �� expiration of euch period, Lender may , ���itliout furt�her notic�e ordemand on B'orrower invoke any remedies per-
<br /> � mitted by paragraph 18 hereof. '
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<br /> iVor-Uxiaoa.rz CovFxnr -rs. Bori•ower and Lender further coven:xnt and a:;ree :� s follows :
<br /> t ; 18. Acceleration: Remedies. Exce�it xs �ii•o�•idc�d in � �aragr•;tpli 17 Lei•cof, uF�on Borrowei•'s 6reuch of a�iy�
<br /> ' covenant or agreement of Borro��•er in [ his \Iort�agc , including tl �c covenaints to psy ��•Len duc any sums securec9
<br /> by this \lortgage, Lender �u•ior to accelerntion shall mnii notice to I3orrower as � n•ovided in paragraph 14 ]�ereof
<br /> specifying : ( 1 ) the breach ; ( 2) tl�e :iction rec�t�ired t.o c�w•c �uch bre�eli ; 13 ) :i <iate, not less thsn thirty days �
<br /> from the date the notice is inailed to 13orro�cer, I ��� �� hicli sucli hreach must bc cured ; and j41 tl � at failurc to curc
<br /> ' ;, such breach on or beiore the date specified in t.Lc notice may result in ucceleration of tLe suuis secured Uy this
<br /> ' ' Alortgage and sale of the Yroperty . If the 6reael� is not cured on m• before the date specified in the notice, Lender
<br /> at Lender's option �naY �eclare sll of the sums secured by� thi. \ [ortgage to be immediately due and payable
<br /> without further demanci and may foreclose tliis Jlortgagc k.i�� judicial proceeding. Lender shaA be entitled to collect
<br /> in such proceeding all expenses of foreclosure, inclu� ling, I��ut not Ji�uited to,, cosis of docuinentary evidei�ce, �
<br /> abstracts and title i•eports.
<br /> 19. Bonower's Riqht to Reinstate. �'ot�vithstanding 7.endei•', nccelerxtion uI the sums secured l�y this
<br /> Mortgage, Borrower shall }�ave tl�e right to ha��e any proceedmgs hegun by Lendci• to enforcc ilii, JSortguge dis-
<br /> ' cor_tinued at any time prior to entry of a jud�ment enf'oFcin�; tl�is \lortgage if : ( a ) Borrower ��ays Lender all
<br /> 1 sume which would be tl�en due under tliis \] ortgngc, tLc Note nnd notes securing Future adv�ncu�, if any, had no
<br /> ` ` acceleration ocCurred ; ( b ) Borrow�er cures all brcachea of tin}� other caren:ant � or agmcn�ents of Borrower con-
<br /> tained in this Mortgage ; (e ) Borrower pnys ull reasonahfc expen,es incurred b�• i.ender in unfmring ilie co��enants
<br /> a.^.d sgrcements of Borrower �ouiitained in t6i. AIortgage aincl in enioreing I.eniler:� ren'iedies as i�rovided in para- �
<br /> graph 18 hereof, ineiuding, but not limited to, reasonablc at.torne�� 's iees ; and fci i I3orrower takes such netion as
<br /> Lender may reasonably require to ussure thut ihe lien of this �Iortgage, I.ender'< interesi in the Property and
<br /> Borrower's ol�ligation to pay the sums secured b,y tl� is \lortgxge shaii continu�� uninxpaired . L'p�ii such pay�nent
<br /> and eure by Borroa•er, this :14ortgage and tt�e obligatioys secured hemk�r shfill remain in full force and effect �s if «,�
<br /> no acceleration had occLrred . � � . �` �:
<br /> 20. Assigameat o! Rents; Appoiatxaent of Receiver; Lender in Possession. , As additional security here- '� � i�,
<br /> under;Borroa•eT hereby assigrts to Lenderthe rents of the Properl �•. prol�ideii thut BorroH•er shall , Prior to ncceler- , `' �'
<br /> stion under paragraph i8 hereof or aUandonment of the Pro�>erty, lisve tlic ri gl�t to collect and retuin such mnts I , ;M�"' '
<br /> as they ,become due and payable: ` , ,w ,
<br /> ` Upon scceleration under ��aragrapl� 18 hireuf m• al�andUmnent oi the Yroperty . Lender, in i�er<on . by a�ent `' �
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<br /> or uy �u3icislly appo�nted receiver ahali be enLitletl to enter u�>on , tske possession of an<i inanu#:e the Property - �
<br /> aud Lu -cuilect tl�e- renis oi the Property;. includin� those past due. A ❑ rents rollected hy Lender or the receiver ^W''
<br /> shall be;applied first to payment of the costs of raanagement of the Propercy an�i collection of rent�, induding, but
<br /> not limited to, receiver's tees, premium. on receiver's bonde and reasonahle xttorncy ', fees, and tlieti t,o the suins
<br /> �ee�tred b}- this D�ortgsge. Lender �ad thc receiver sLa11 I ,c lil�Lle tu accouut only ior Lhose rcnt.� actualh• receiveci .
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