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<br /> nob extend or post�one the due c#ate ut tl�e manthl}� instnllments referred to in paragrap6s 1 and 2 hereof or
<br /> ehange Cl�e umount of such instaIlmenGs. `
<br /> i l0. BorrowerNoY Released. Eztension of the time for pavment oi•'�nodification of amortization of the sums
<br /> secured by tl�is Vfortgage granted by I:ender 6o nny �uccessor iii interest oi Borrower sl�all not operate to release,
<br /> in atiy ' mani�er, the liability of the original Borrower and 13orx•owei's successors in interest. Lender shali not be
<br /> j required to comn�ence l�roceedings against such successor or refus� to extend t.ime for payment or otliercvise modify
<br /> amortization of t1�e suins secured by this :lfort�fige by ��eason of :Zny demand made ' by the' ori�inal Borrower and r
<br /> F; Borrower's suceessors in interest. ' ` �
<br /> ; 71r Forbearance by Lender Aiot a Waiver. Any ,forbearance t>y Lender in exercising any right or remedy : ' �
<br /> � hereunder, or otherwise afforded by applicable ln�c , sl�all not bc a �vaiver of or preclude `the exercise of any right '
<br /> ' or remedy hereunder. :Thc procurement of insurance or' the payment of taxes or otT}er liens or charges by Lender
<br /> ; � shall not be, tti waiver of Lender's right to accelei•ate the xnaturity of tl�e indebtedness secured by t1�Ss Mortgage.
<br /> ; � '12. Remedies CumulaGve. Al] remedies providec� in this \7ortgage are distinct and cumulative to any other
<br /> L.,, right or remedy widcr this \Iortgage or '��ffordc�l by la�e or equit,y; and �nay bc exercised coi�currently, independ-
<br /> � ently or successively.
<br /> r_ 13. Successors �d Assigns Bound: Joint and Several Liability; Captions. The covenants 'r�nd agreerttients
<br /> `'�-' herein contained shalt bind, and the rights liereunder shail inin•e to, t.he resPeetive sticcessors and assigns of Lender
<br /> � � and Borrower, suliject to the provisions of 1>aragraph 17 hereof: .411 covenants and fagrecinents of I3arrower shall
<br /> i � be joSnt und several . The captions 3nd i�cadings ot the ��a�.lgra��hs of tl�is ]Iortgage are for convenience only and
<br /> s are not to be �used �to interpret oi• clefiiae tlze prvvisioa�s l�ereof. � � � � � � � � � � � � �
<br /> , { � 14. Notice. Any noCicc to Borro�ver i�rovidecl for in tliis \[ortgage �l�all bc gi��en t�y lnailing such notice by r
<br /> " certified naail addressed to Borrower at the Property Address stzited belo«• , except. for any n�tice required under
<br /> paragraph 18 hereof to be given to Borrower iii il�c �nannci• prescribed by a�p3�licuble l��v . Any notice provided
<br /> for in this \iortgage shall i>e deemed to h:���c been given to Borro���er wl�en gi�•en in the izianner designated herein. � :
<br /> 15. Uniform Mortqage; Governing Law: Severability. 'Chis form of mortgage combines uniform covenants
<br /> for nationa! use and non-uniform covenants witli limited variations l�y jurisdiction to constitute a uniform secu-
<br /> � rity instrun�ent covering rea,l property. This �Iortgage shall be governed by the law of the jurisdiction in wl�ich
<br /> the Froperty is located. In the event that auy provision or clause of this �Iortga�e or the Note conflicts with
<br /> i applieable law, such conflict shall not affect other provisions of this lIortga�e or the Note which can be given
<br /> ; effect withont ttle conflicting provision , and to this end the provisions of the \�Iort.gage and the Z�Tote are declared
<br /> tobe severable:
<br /> 16. Borrowei s Copy. Borrower shall bc furnished a conformed copy of this �4ortgage at the time of execu-
<br /> tion or after recordation l�ereof.
<br /> 17. Tzansfer of the Property; Assumption. If all or any �aart of the Property or an interest therein is sold
<br /> � or transferred by Borrowcr �vithout Lendei•'s prioi• �vritten consent, excludin� (a) the crention of a lien or encum- :,
<br /> 1 brance suUordinate to this Mortgage, ( b} the creation of a purchase money security interest for household appli- , '
<br /> � ances, (c) a transfer by devise, descenbor b,y operation of la��• upon the death of a joint tenant or (d ) Che, grsnt of ,
<br /> + any leasehold interest of three years or less not containing an option to purchase, Lender tnay, at Lender's option, " '
<br /> � declare all the sums secured by this Mortgage to Ue immediatcly due ancl i�ayable. Lender sl�all have waived such
<br /> option to accelerate if , prior to tl�e sale or transfer, Lender and tl�e person to whom the Property is io Ue sold or
<br /> ; transferred reach agreemeni; in writing tliat tl�e credit of sucl� person is satisf:�etoi•y to Lender and that the interest
<br /> j payable on the sums cecured by tliis 'VIortgage shall be at cucli rate as Lendcr sl�all request. If Lender has waived
<br /> the option to accelerate provided iii this parz�graph 17 .�nd if I3oi•rower's successm• in interest has executed a writ-
<br /> � ten assumption agreement accepted in writing by Lentier, Lender shall release Borrower from all o6ligat,ions under
<br /> ': this Mortgage and the I�Tote.
<br /> ' If Lender exercises sucl� option to aceelerate , Lender shall �nail Borrower notice of acceleration in aceordance
<br /> P �vitli paragraph 14 hereof. Sucli noticc shall providc a �>eriod oi not less tlian 30 days from the date the notice is
<br /> t rnailed within which Borro��er may pay tl�e sums declared due. If Borro�ver fails to pc�y sucl� sums prior to the
<br /> expiration of such period,' Lender may , u•ithout furtl�er notice or demand on F3'orrower, invoke any rernedies per-
<br /> ;� mitted by paragraph 18 hereof.
<br /> ; i�'ox-LTvcFoa_rz CovFrTn_rzs. 13ori•ower an�l Lendei� fui•tlier covenant ancl agY•ec as follows :
<br /> 18:" Aceeleration; Remedies. F.xcept xs pro�•ided i�i � �ri�:agraj �li 17 l�ercof , upon Borrower's breach of an,y
<br /> covenant or agreement of I3orrowcr in this ,Iortg'age, including #lie covensnt� to pxy ���hen duc any sums ' secured
<br /> by this �Yortgage, Lender l�rior to accclerat.iou shall maiil notice to Borro�z•er �s pro��ided ii� par��raph 14 hereof
<br /> specifying : ( 1 ) the breacl� ; (2 ) the �tction rcquired to cure sucl� breflel� ; ( 31 .i datc, tiot less than thirty days
<br /> � from the date tl�c noticc is �nailed to I3orro�vcr, by ��' 6icl� .ticli breacli mnst be cin•ed ; nnd (41 thut failtire to cure
<br /> such breacli on or before tlie date specified in the notiec ivaiy i•esuR in sscceleration of tlie suins secured by this
<br /> :�lortgage and sr�le of tl�e Property. If the breach is not cured or. or before thc date specified in tl�e tiotice , T.ender
<br /> " at Lender's option nxay cieclarc all of thc sums secured by tl�is \4ortgagc to be immediately due rand payaUle
<br /> without further demand �nd may ioreclose tl�is ,l�ortgagc by ,illdicial proceeding. Lender shall be entitded to collect
<br /> in such proceeding all eKpenses of forcclo,Ure , inciu<ling, but iiot liinited to , costs of documentarv evidence,
<br /> abstracts and title reports.
<br /> 19. Borroweis Right to Reinstate. 1'otn�ithstanding I.ender's ucceleration of t,l�e suins secaired by this
<br /> �Sortgage, Borrower shall have the right to have i�ny proceedings begun U,y Lender to enfor�c this :�'Iortgage clis-
<br /> continued at any time prior to entry of a judgment eiiforcing thi� \iortgage if : ( al Borro��•er pays Lender all
<br /> sums which would be then due under this �Iortguge , the l�ote and notes securing Future Advance., if any, ]�ad no
<br /> acceleration occurred ; { b ) Borrower cures al! brcac6es of an�� other coti�en:ints or xgrcetiients of 23orrowcr con-
<br /> tained in this Mortgage ; �e ) Burrower pays all reasoi�aule e���enses iucurred by L�:u�lcr iti cnforciug clie co�'enants
<br /> : and agreements of BoTrower contained in this \Iortgage ancl in enforcing 7.cnder's remedies as provided in para-
<br /> graph 18 hereof, including, f�ut not limited t.o, reason.rble attornev s feea ; and (d ) 13orrower teikes such action as
<br /> Lendez may reasonably require to assure that the lien ot tLis �fortgv,ge, Lender's interest in the Property� and
<br /> Borrower's obligation to pay the sums secured 1>v thi� JSw•tgage �h.ilCcontitiue unimpsired. LTpon such psyinenC �
<br /> und cure by Borrower, this A4ortgsge and the ofiligat.ions secumd hereb�� shnll remain in full Corce and effect as if �;� •, « ,��•^t '
<br /> � " no acneleration had occurred. ' ; . ` " r- ' ,
<br /> '; Z0. 1Sssigtiment of Rents; Appoiatment oi Receiver; Lendez in Possession: As additional securrty here.- J •i " €
<br /> under, Borrower hereby assigns to Lender the rents of the Property� . pro�•ided fhat ' Borro��•es sl�all , prior to acceler- ��`'
<br /> �, ation under paragraph 18 hereof or abandonment of tlje Pro>>erty, hsti�e thc right to collect anci retain such rents "�^�% '
<br /> < ss they become due and paysble. ' k�" :k . `
<br />�, - Upon ncceleration undez psragraplx 18 hereof or ahandonment of t he Yropert� , Lender, in ��erson, bp agent ; -
<br /> +or by judicially appainted receiver shall be entitled to snGer upqrr, ta ke possession of an c l iusnage ti hc Yr�pur Ly
<br /> ` and to collecL the renLs oY the Property, including those past due. All rents collected by Lender or the receiver ' � .�
<br /> - shsll be applied first to payment of the r.ost� of inenagement oS thc Property ancl cotki•tiun of rent� , including, but.
<br /> not limited W, receiver'S fees, ,pr+emiuii+s uu meeiv�r', Luiid, aucl r��.enonn.rlc :it2orncy s feer. and thcr. to tl:c scros
<br /> , � secured by this Mqrtgage. Lender and Lhe recei� er sLail be ti:�hte to account onlv for those mnts actually recc i�-ed.
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