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<br /> G*;: not extend or postpone the due date of tlie monthly instzll�nents referred to in paragraphs 1 and 2 hereof or
<br /> e;" ehange, the amount ot such ' installments.
<br /> `�" 10. Borrower Not' Released. Extension of the #ime for pa,yment or modification of amortization of the sums
<br /> i � i secured by this Mortgage granted by I,ender to sny successor in interest of Borrower shall not .operate to release,
<br /> �- ' iii any manner, the ' liabilit,y of the original Borrower and Borro�ver's succecsors in interest. Lender shall not be
<br /> ` �` required to commence proceedings against such successor or refuse to extend time foz payment or otherwise modify
<br /> � � amortizatiomof the @ums secured l�y tl�is \lortgage hy reasou of sny demand made by the originat Borrower and
<br /> s Borrower s successors in interest.
<br /> a I1. Forliearance by Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy
<br /> � ' i :; hcrevnder; or otherwise afforded by appiicable law, sl�all not' }�e u waiver of or preclude the exercise of any right
<br /> or remedy hereunder. The procurement of insurance or tl�e payment of taxes or other liens or charges by Lender
<br /> shall notbe a' waiyer of Lender's right to accelerate the maturity of the indebtedness secured Uy this Mortgage.
<br /> � ' 12. Remedies Cumulative. All remedies provided in t.his \4ortgage are distinet and cumulative to any other
<br /> rightor remedy under`this Mortga�e or afforded hy I� ��� or equity , and u�ay br, exercised concurrently, independ-
<br /> � "� ently or successively.
<br /> � 13. Suceessors cnd Assigns Bound: 7oint �d Several Liability; Captions. The covenan3,s and agreements:
<br /> 7 herein contained shall bind, and the rights l�ereunder shall inure to, the respective successors and assigns of Lender
<br /> andBorrower, subject to the provisions of paragrap}� 17 I�ereof. All covenan�s and agreements of Borrower shall
<br /> vbe joint nnd seceral. The captions and l�eadings of the puragraphs of this \ Iortgage are for convenience only and
<br /> are notto be used to interpret or define tlie provisions liereof.
<br /> 14. Notice. Any notice to Borrower procided for in t.his \iortgage sltall be given by mailing such notice by
<br /> � certified 3nai1 uddressed to Borrower at the Properiy Address stated below, except for any notice required under
<br /> ; paragraph lS hereof to bc given to Borrower in the manner In•escribed by a,pplicat�le law. Any notice provided
<br /> for in this �fortgage shall be deemed to hacc been given to Borrower when givcn in the manner designated herein.
<br /> j 15. Uniform Mortgage; Governing Law; Severability. This form of mortgage combines Uniform covenants
<br /> for national use and non-uniform covenants with limitect variations b,y jurisdiction to constitute a uniform secu-
<br /> ? rity instrument covering real property. This ilTortgage shall be governed by the la�v of the jurisdiction in whieh
<br /> j the Property is located. In the event t.hat rzny �rovision or elause of tl�is Mortgage or the Note conflicts with
<br /> applicable law, such conflict shull not affecE• other provisions of this l'tortgage or the Note whicl� can be given
<br /> o effect without the conflicting provision, and to this end the provisions of the liortgage and the Note are declared
<br /> ';� � � � to be severable. � �
<br /> � 16. Bonowez's Copy. Borrower shnll be furnisl�ect a confm•med copy of this \Zortgage at the time of execu-
<br /> � tion or after recordation hereof.
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<br /> i 17. Transfer of the Pzoperty; Assumption. If �,Il or any part of ihe Property or an interest therein is aold
<br /> � or transferred by Borrower �vithout Lender's prior written consent, excluding (a) the creation of a lien or encum-
<br /> fbrance suUordinate to this \3ortgnge , ( U) the creation of z purchase naoney security interest for household appli-
<br /> � ances, (c) a transfer by devise, descent or by operation of la«- upon t.he death of a joint tenant or (d) the_ grant of
<br /> any leasehold interest of three years or less not containing nn option to purctiase, Lender may, at Lender's option,
<br /> � deelare all the sums secured by this A4ortgage to Uc inunediately due and payable. Lender shall have �vaived such
<br /> ' option to :�.ccelerate if, prior to the sale or transfer, Lender s:id the person to whom the Property is to be sold or
<br /> � transferred reach agreement in �vriting tUat the credit of sucli person is satisfa�ctory to Lender and that the interest
<br /> � payable on the sums secured by this 3lortgage shttll be at sucl� rate as Lender shall. request.. If Lender has waived
<br /> ( the option to accelerate provided in this paragraph 17 and if �3orrower's successor in interest has executed a writ-
<br /> , ten assumption agreement sccepted in writing by Lender, Lender shall relea,se Borrower from all obligations under
<br /> '�` this Mortgage and the Note.
<br /> hI£Lender exercises such option to accelerate, Lender shall �nnil Borrower notice of acceleration in aceordance
<br /> � �vith paragrapli 14 hereof. Suc6 notice sl�ali pi•ovide a period of not less tdia,n 30 days fron� the date the notice is
<br /> ' : mailed within tivhich Borrower may pay the sumc c�eclured duc. If Borrower fnils to pay such sums prior to the
<br /> ., expiration of such period , Lender may , without further notice or �tem�3nd on B'orrower, invoke any remedies per-
<br /> � cnitted by paragraph 18 hereof.
<br /> :.. �.a . �. � . . .
<br /> " ti'nx-UxiFoxnz CovFxarrs. Boi•ro ���er aiid Lenclei• f'iii•tl�er covetia�tt t�2id ag•ree as follo�vs :
<br /> 18. Aeceleralion; Remedies. Lseept. nti pi•o�•ided in � �aragrnph 17 hereof, upon Bm�ro�;°er's breach of �tny
<br /> ; covenant or agrcement of Borro���er in kl�is �Tort�;:jge , including thc covenants to �r.sy ���hen duc an,v sums secured
<br /> i by this �Iortgage, Lender prior to acccleratiou sl�ull niail noticc to Borro���er as � iro�• ided in paragraph 14 1�ereoS
<br /> � � � specifying : ( 1 ) the bret�ol� ; (21 tl�e :tction required to cure such bre�rlr, 137 n d�tc, not luss than t�hirt,y days
<br /> � � from the dato thc notice is m�ite�d to I3orro�acr, lap ���hic6 �ucL b�•c;tcli �nust be cured ;� and ( 4 ) that fsilum to curc � �
<br /> '` such breach on or before tl�e date specified in the notice may result in acceleration of tl�e suins secured by this
<br /> � � � :�Iortgnge r3nd sale of the Property. If the breach is not cured on or before the cinte �cpecified in t3ic notice , Lender ��� � �
<br /> y at I.ender's option inay declare nll of thc sums secw•ed by this il4ortgage to be immediately due and payable
<br /> without further demund and may f�reclose this \4ortgage by juc9icinl t�roceedin�;. Lender shall be entitled to collect
<br /> �k in such proceeding all expenses of foreclosure , includin�, hut not limited to, costs of ci.ocumentary evidence ,
<br /> � abstrnots and title reports. '
<br /> ;i 19. Bonoweis Right to Reinstate. �v' otwithstandin� I,ei�der's acceleration of the sum� cecured by this
<br /> 4 Mortgage, Borrower shall have tlie right to lisve unp proceeding. begiu� hy I euder t.o enforce ttzi, \fortgage dis-
<br /> r continued at any time prior to entry of a judgment enforcin�; thi� \Iortgnge if : l �� � I3orrower psys Lender all
<br /> j' sums which would be tlien due under tliis \ Los-tKaKe, tlie \'ote and note� securin�; Ftrttu•c Ad��ances, if an� , had no
<br /> �cceleration occurred ; ( b) Borrorver cures .itl breaclres of sn�- other co��enants or ahreement� of Borrower con -
<br /> � � � tained in L}1is �Zortgage ; (c ) I3o1'rowe.r pays uSl roa;unal ,lc� cc � �ens�. incarr«�i I,y- I,euder iu �nfurciag tLe coveuant,s � � �
<br /> , , ; t�nd agreements of Borrow•er oontnined in ttiis :1lortgnRe :ind iii enforcin�; I.cmc3cr'S �•c:iiedies :,s 2 �rovided in pxra-
<br /> = graph' 18 hereof, including, but not limited to . rcasonsble attorne}�'� fees : an<i Idl Sorrower takes such action as
<br /> Lender may reusonably require, to xssurc tl�at tl�e lien uf this \Ioitga�;c, L� n�er: intcrest in the YroperCy �ind i
<br /> Bonower's obligation to pay the sums securec3 hy this 11o�tg.ine �I,nll continue uni�np �� red . L'i�ori suc11 paytnent ,a ' ,� � . ��,
<br /> and ctire by Borrower; this il7ortgage and �he obli�x;tions �ecure<l herebc sh:ill rcivain in fiill foi•ce and effect o-is if " ,� -
<br /> no acceleration had ocourred. a.,
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<br /> + 20. Asaignment of Rents; Appointment o# Receiver; Lender in Possession. A; ndditional sccuritY here- t � '
<br /> si �
<br /> under;Borrower hereby, assigns ,to Lender the rentis of the Yro��ei•t}�. r �ro��icic�i that Borro��•cr shxll , prior to acceler- ` �F` •�^
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<br /> , , ation :under paragraph 18 hereof 'or aUandonment of the Froperty , tiarc the rigi�t to callect snd retain sucli rents ' ; �`""'
<br /> as they become,due'and pnpab]e. ,
<br /> Llpon acceleration nnder 'paragraph ] t3 tzereof or al�tindonrnent nf the Yro�iert� . Lender, in Z�erson , b�� qgent
<br /> % or by jadic3ally appointed receiver ahall be entitled to cnter u��on , takei�ossession of and �nanage the Yroperc�• ,a ,
<br /> and to collect the rents` of the Property, including those Iia:�t due: Al] rentc collected Uy Lender or the receiver
<br /> chall be applied first to payment of the costs o1 manaKement of tl7e Property and collection of reni., includin�, but
<br /> � not limitcd to, rccci��cr's fces, prcm?ums on rccci�•cr's t�ond: anc: rcnsanahlc atiorn�.r ': fcc.�, au�3 . I�cn to thc aum:
<br /> secured by this Mortgage. T,.ender and the receiver sha11 hi liahle to account on3 �� for tl�o�e rents aictuall�� rec.ei�•ed . �
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