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<br /> not extend or postpone the due date ol tLe monthly installments referred to in paragraphs l and 2 hereof or
<br /> change tl�e arnount of such installments.
<br /> 10. Borrower Not Released. Lxtension of thc time for �>ayment or modification of amortization of the sums
<br /> secnred Uy this llortgage grunted bv I.ender to nny .�uccessor in int.erest of Borrower shall not operate to release,
<br /> in any manifer, tlre liability of tlie original 13orrower a,nd Borroiver 's successors in interest. Lender shall not be
<br /> required to coinmence- 1.�roceedings:againsE si�cli successor or refuse to extend time for payment or otherwise modify
<br /> amortization of the suii�s secured by this \Iortgage I>y reasou oC .�ny demand made by the original Borrower and
<br /> r Borrower's'successors in interest.
<br /> i1. Forbearance by Lender Not a Waivez. Any forbearance by I;ender in exercising any right or remedy
<br /> hereunder, or otherwise afforded by applicak�le law, sliall not be a �vaiver of or preclude the exercise of any right
<br /> or remedy hereunder. The procureca�ent of insurance or tl�e payment of taxes or other ]iens or charges by Lender
<br /> shall`not 6e a waiver of Lender's right to accelerate tl�e niaturity of the indebtedness secured Uy this AZortgage.
<br /> 12. Remedies Cumulative. :All reinedies �rovided in tliis \lortgage are distinct and cumulative to any other
<br /> right or remedy under this 1lortgage ai• affordc�t hy la��' or equit.,y , ancl �nay }ic exercised concurrently , independ-
<br /> ti ently or successively: `
<br /> r 13. Suceessors and Assigns Sound; Joint and ' Several Liability; Captions. The covenants and a�reements
<br /> ` herein contained shall bind , and tlie righta hereunder �hall inure ko, thc respective successors and assigns of Lender
<br /> and BoTrower, subjectto the provisions of paragr.iY�li 1 : liereof: � 11 covenants anci agreements of Borrow•er shal]
<br /> b� joint and sever:�L The csptions and headings of the paragra��h� of this \Iortgage are for convenience only and
<br /> are not to be used to interpret or define thc provisions Lereof.
<br /> � � 14. � Notice. � An}� notice to Borrower pi•ovided for in tl�is \lort�age shc�l ! be given by �nailing such notic�e by
<br /> � cei•tified mail uddressed to Borrower ;�t tlie Property Address stated betow, except for uny notice required under
<br /> paragral�h 18 hereof to be given to Bm•row•er in ilic manner ��rescritied }�y .� p��licablc law. Any notice y�rovided`
<br /> for in this �Tortgage �hall be deenied to have been given to Borrower �vhen gi��en in the manner designated herein.
<br /> 15. Uniform Mortgage; Governing Law; Severability. This form oS mortgage combines uniforrn covenants
<br /> for national usc: snd non-uniform covenants �vitli limited �•�iriations Uy jurisdiction to constitute a uniform secu-
<br /> rity instrument covering real propert,y. This \Tortgage shull be gove:•ned b}� the la�v of the jurisdiction in which
<br /> the Property is located. In the event that any provisioii oi• clause of ttiis \4ortgage or the Note confiicts with
<br /> applicable law , such coni�ict shall not uffect otl�er provisions of this \Iortgage or the ATote which can be given
<br /> effect without the conflicting provision , and to this end t.l�e provisions of the �Iortguge and the Note are declared
<br /> � to be severable.
<br /> y 16. Borrower's Copy. 13orrower shall be furnished n conformed copy of this A4ortgage at the iime of execu-
<br /> tion or sfter recordation hereof.
<br /> 17. Transfer of the Properfy: Assumption. If all or any part of t,he Property or an interest therein is sold
<br /> `f or transferred by Borro�ver without Lender's prior �vritten consent, excluding (a ) the creation of a lien or encum-
<br /> brance subordinate to this vlortgage, ( b ) tlie creation of a purchase money security interest for household appli-
<br /> ances, (c) a transfer by devise, descent oi• by operation oi la�+� upon the death of a joint tennnt or (d ) the grant of
<br /> ,' �.ny leasehold interest of tkuee years oi• ]ess not containing ari option to ��urcl�ase , Lender ina.y, aC Lender's option,
<br /> declare ail the sums secured by this �Zortgage io be imfnediately due aii<I p:�yuble. Lender shall have waived such
<br /> ' option to accelerate if , prior to the sale or tx•ansfer, Lender :ind tPie person to �vhom the Property is to Ue sold or
<br /> transferred reach agreement in writing tl�at tLe credit of sucli i�erson is satisfnetory to Lender and that the interest
<br /> payable on the sums secured by this D4prtgagc: shall be at sucli r2tc as Lender sl�:�ll request. If Lender has waived
<br /> the option to accelerate provided in this paragrapli 17 and if Borrower's successor in interest has e+cecuted a writ-
<br /> ten assumption agreement accepted in writing by ],ender, I.encier shall release Borrow�er from all obligations under
<br /> thie Mortgage snd the Note.
<br /> If Lender exercises such option to accelerste , Lender shall :nail I3orrower notice of acceleration in accordance
<br /> '' �vitl� paragraph 14 hercof. Such notice shall pro��ide a period of uot less tl�un 30 days from ihe date the notice is
<br /> mailed within wLich Borrower may pay the sums declared duc. If I3a•ro���er fails to pay such swns prior to the
<br /> zexpiration of sucti period, Lender �na,y , �vitliout furtliei• notice or de�n:�nd on Borro«�ei•, invoke t�ny remedies per-
<br /> ; mitted by paragraplz 18 hereof.
<br /> Nox-IixzFoxnz Cov�. xnnTs. Bori•ou�e �• and Lender i'urt,lier co��enant. and a�ree a5 fo]] o�vs :
<br /> 18. Acceleration; Rernedies. Except �is �7ro�•i�lc� l in � �xr=tgra�ih 17 ]iereof , upon Sorrower 's brezicl� of any
<br /> ` ` covenant or agreement of Borrower in this \fort�age , inc!uding tlic co��enant, to I�ay wlien duc any swns secured
<br /> by this :1lortgage, Lencier � �rior to cicceleration shall iu�iil notice to I3oi•ro���cr as �� ro�'ided iri par:�gr:�pl� 14 hereof n
<br /> specifying : ( 11 tl�e breach ; (2 ) the action rcyuired to cure sucli bm;aeh ; 13 ) a datc, not less thnn thirty days
<br /> � fran the date the notiee is mailed to I3orro�cer, by �cl�ict� sueli brr,udi must bc; cured ; and ( 41 thnt failure to eure
<br /> such breach on a• before tlie date �pecified in tlie noticr may result in sscccleratiun of the sum� secured by this
<br /> �1ort�age and sale of the ProperCy. If the brcacli is not cured on or be[oi•e tt�e dat.e .pecificd in tl�e notice, Lender
<br /> at Lender's option may declare all oi the sums secw�ed 1>y tl�i� \iortgsge to be immediately due and, pay� ble
<br /> w•ithout farther detnand and msy foreclose tl�is \fortgage by judicial pi•occe<lic�g. Lender sk�xll be entitlecl to collect
<br /> in such proceeding all expenses of toreclosiire . inclu�ting , tnit not liruited to, costs of documentary evidence,
<br /> abstracts and title reports.
<br /> ' 19. Boaower's Right to Reinstate. Not�cithsta��ding Lender', accelei���tion of the �wus secured by this
<br /> ' Mortgage, Borrower shall have tl�e right to hati•e aup proceeding� begun b�• I,endci• io enforce this biortgage dis-
<br /> continued at any time prior tio entry� of a judg�nent cr�fpxcing this \lortgage if : lul Bori•o�cer pays I.ender all
<br /> svms which woaid be then due under this �Iortgsgc, the ?�'ote and note� �eciiring 3�'iiture _ldvauce� , ii any , hrzd ro
<br /> � accelaratiou oeiurred ; ( b ) Burrotivac• cure; all br��rl �o5 of :;ii�- otliei� corenanls �, :; �rcements of Borrotcer� eon-
<br /> tained in this 1Vlortgage ; (c ) Borrower psti�s sll reasonaUle c���enses in<vrmd b�• Lender in enforcing the covenants
<br /> and agreetnents of Borrower contained in this �tartga�;e und in enfoi•cing Lender', remedies ats provided in para-
<br /> graph 18 hereof, including, but not limited tu, re:3.sonabie euiorney' . Sces : and Id1 }3o7•rotiver takes such action as
<br /> I�ender may reasonAbly require to sssure ttiat the lien of this \Iortgagc. Lender's interest in the Propertv and
<br /> $orrower's oUligation to pay the sums secured }>y thi� _llortKa�<� .�6i�11 continiu� uniinpaired. t'��on such payment
<br /> and cure by Bormwer, this Alortgege and the obligatioia� .ecnred hereU}� �l�all rernain in flill force and cffect as if "' �;
<br /> ha acceleration had occurrecl. 4 A '���
<br /> ` 20. Aasignenent of Renffi; Appoiatmeni ot Receiver; Lender in Possessian. As additional securitV I�ere- ` �� ' � i�g�,* ,
<br /> L under, Borrower hereby assigns to Lender the rents of the Property, ��ro�-ided th�t Borro�eer shali, i�rior to acceler- ,,: � ';$t� ,',
<br /> ation under pa=agraph 18 hereof or abandonment of t6e Yroperty, have the right to collect 3nd retain such rents � �`' '
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<br /> � as they become due and paya6le. : , a ^i
<br /> iTpon aaceleration uncier paragraph 1$ lierec3i or afixndonment o[ ui�e Yroperiy . Lender, in ��ersuu, Ly agenL
<br /> ox by judacially appointed receiver shall he entitled to enter upon, take poC�es�ion of and inanage the Propert.y , . ' ;
<br /> and tp co]lect the ren£s of the Property; including those �>sst. due. All rent� collecteci lrv Lender or t.he recciver ""
<br /> shall bc applicd first tQ ps5-ment of thc costs of rirananemcnt o±' tlic Propert�� and coliection of rents , including, hut
<br /> not limited to, receiver's fees, prenziums pn rcceiver'� t>onds and reaeonable :ittorney '� fees . and t.hen to the xums
<br /> secured by this Mortgage. Lender and the receirer shalt bc li:ible to xccoimt only for ihose rents actuatl,y receiced .
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