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<br /> e�oG �xtend or iiest�one tlie due ciar.e n] tlir_ inonthly irictallmentc z•r�iorr?c1 to in pai•s�raph� 1 3aad � hereof or
<br /> change' tfie �mount of suclr installis�ents.
<br /> - l0. Borrower Not Heleased. Extension of tlie time for pa,yment or modification of amortizntion of the sums
<br /> secured by this :l3ortgitge grairte¢ Uy I.endei• to any successol� in interest of Borro�ver sl�all not .operate to release,
<br /> in any inanner, the liability of tl�e origiYaal Borrower and Bocrotiver's successor, iii interest. Lender shall not be
<br /> required to commence proceedings against sucl� successor or refuse to extend time for puyment or otherwise modify
<br /> a2uortitiation of- the sums secuied by tl�is :ltortgage by reason of auy detnand inacle by the originnl Borrower and '
<br /> Borrower's succesrors in interest. '
<br /> � �—•1 11. Forbearance by I.ender Not a Waiver. Any forbearance by Lender in exercising any right or remedy ;.
<br /> � hereunder, or otherwise afforded t�y �pplicsble lativ, st�all not be a wai�er of or greclude the exercise pf any right
<br /> �^ or remedy liereunder. The �arocurement of insur.snce or the payment of taxes or other liens or charges by Lender : ' i
<br /> i r;r ' sha1Y not be 'a waivei� of Lender's right to accelerate the maturity of ti�e indebtedness secured Uy this Mortgage.
<br /> ; �: -, 12. Remedies Cumulalive. ; A11 remedies provide�l in t.l�is �Sortgage are distinct and cumulative to any other `. ,
<br /> ` ^� right or reinedy 'under this JIo1•tgage n�• ufforded h,y� l,��v ar eqtiiiy , �,nd inay be exercised concurrently , independ-
<br /> ` : �� ently or successively. ,
<br /> � � 13. Successors and 'Assigas Bound: Joint and Severa2 Liability: Captions. The covenants and agreements
<br /> y herein contained sha11 bind ; �nd the rights l�ereunder sl�all inure to, t}ic respeetive successors and assigns of Lender
<br /> �, and Borrower, subject to the provisions of paragrapli 17 hereof. All coveni�nts and agreements of Borrower shall
<br /> be joint'and several. The captions r�nd l�exdings of t.he p3ragrri� �6s of this \{ortgagc are for convenience only and
<br /> are not to be used' to interpret or define tlie provicious liereof.
<br /> q 14. Notice. 9ny notice to Borrower pro�-ided for in t6i� 1lortgnge shall bc giveri by mailing such aotice by
<br /> � certifie�3 tnai! r�ddressed to Borro�s•er at tl�e Yroperty Address ntated bclo�c-, exce�t fa• sny notice required under G
<br /> , paragraph 1$ l�ereof to be given to Ba•ro��•er in the mamier ��rescribed by applicable law. Any notice provided ,
<br /> � forin this �4ortgage �hali tje deeined to havc been given to Bm•ro���er when given in tl�e ruanner designated herein:
<br /> � 15. Unifortn Mortgage; Governing Law; Severability. '1'his form of �nortgage combines uniforin cotenants
<br /> � for national use and non-uniForm covenants �vitl� liinited variat.ions by jurisdiction to constitute a uniform secu-
<br /> � � rity instrument covering real property. This 1lortgage shall be governed by the la«� of the jurisdiction in ryhich
<br /> � the Property is located. In tlie event that :iny provision or clause ot this Mortgage or tlie Note conflicts with �
<br /> fapplicable law, sucG conflict shall not affect other provisions of tliis �1m•tgage m� the Note which can be given
<br /> effecb without tl�e conflicting provision, and to t4is end the provisions of the �iortgage and the Note are declared
<br /> to be severable.
<br /> ` 16. Borrower's Copy. Borrower shall be furnished s conformed copy of this r'Iortgage at the time of execu- �
<br /> ; tion or after reeordation hereof.
<br /> `' 17. Transtez of the Property; Assumption. If all or an,y part of tl�e Property or an interest therein is sold
<br /> ' � or transferred by Borrower witl�out Lender's prior written consent, excluding (a ) the creation of a lien or encum-
<br /> , ; brance subordinate to this Mortgage, ( b ) the creation of a j)I31'CI18SC It701lCV security interest for household appli-
<br /> ' # ances, (c) a transfer by devise, descent or by operation of la,tic upon the deatA of a joint tenant or (d) the, grant of
<br /> ' t any leasehold int,erest of three years or less not cont�ini��g an option to purchase, Lender inay, at Lender's option, �
<br /> ' � declare all the sums secured �y this Mortgage to �c iniu�ec3iately <lue and payz�ble. Lender shall have waived such
<br /> ` option to accelerate if, prior to the sale or transfer, Lender aud the person to whom the Property is to be sold or
<br /> '' transferred reacl7 agreement in writing tl�at tlie credit of sucii ��erson is satisfactory to Lender and tliat the interest j
<br /> � paysble on the sums secured by this ;4lortgage shall I�e at sucl� ratc as Lender shall request. If Lender has waived �
<br /> � the option to accelerate provided in this paragrapl� 17 and if Borrower's euccessor in interest lias executed a writ-
<br /> ten assumption agreemeni accepted in writing by Lender, Lender shnll release Borrower from all o�ligations under
<br /> � thie Mortgage and the Note. `
<br /> ' y If Lender exercises sucl� option to accelerate, Lender shx�ll mail Borrower notice of acceleration in accordance �
<br /> i with paragrapl� 14 hereof. Such notice sluall providc a �ieriod of uot less than 30 days from the date the notice is '
<br /> � mailed within which Borrozver �nay pay the sums declared due Ii Borrower fails fo prsy such sun�s prior to the
<br /> � expiration of such period , I�ender may, «�ithout further notice or �iemand on B'orrower, invoke any remedies per-
<br /> ° mitted by paragraph 18 hereof.
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<br /> ; i�Tox-UxiFox,M CovFxn:aTs. Bori•o�rc�r and Lendei• fui•tiier coveiiant and agree as follows :
<br /> ?i � � : �. . � . . . � .
<br /> a 18. Acceleration; Remedies. Except � �n•o��ided in � r.�rssgra� �h 17 6ereof, u� �o❑ 13orrower's breach of any
<br /> `' � covenant or agree:nent of Borro�ver in this tiTortgagc, including tlic co��enants to ��a,y when due any sun5s secured
<br /> � � by this Atortgage, Lendei• prior to accclel•stion ,hall muil noiice to � I3orro�vcr as providcrl in p:iragraph 14 l�ereof
<br /> M s�ecifying : (11 tho breach ; (2) tlia action rec�� uired to cui•e sucl� I>i•each ; (8 ) s d�t�e , not � less tlrin thix•ty t9ays
<br /> ' � fron� tlie date tlie notice is rriailed to I3orro�� cr, by ���liich �uch breacli �i3ust be cui•ed ; and (4 ) that failure to cure �
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<br /> such breach on or before tlie date specifieci in the ❑otice ruaiy i•esult in acc.eleration of thc sums secured by this
<br /> , � 1Vlortgage and sale of the Property. lf the breacl� is not cured oi: or before thc datc: specificd in thc notice, Lender
<br /> ; at Lender's option may declare all c�f the su�us sec+w•ed b�- 21iis VIortgage to be irmnediately due and pnyubie
<br /> � with'csut Fuit-her demand Rnd may fo3•eclose tl�i� A4ortg:l�c by judicial proceeding. Lender shall be et�titled to collect
<br /> - ; in such proceeding sll expenses of foreclosure, including, hut iiot li �nited io, costs of documentary evidence,
<br /> ; abstracts and title reports.
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<br /> ' � _ 19. 8orrowefs Right to Reinstate. Notk�ith,tanding I.ender's iiccelerz�tion of the sums secured by this
<br /> � ' Mortgage, Borrower shall have tl�e rigUt to have any Proceedin�;s begun by I.ender to enforec this \�iortgage dis-
<br /> continued at any time prior to entry of a jud�ment enfoXcing this �ltortgage if : ( a ) Borrower pays Lender all
<br /> f sums which would be then due under this .�Iortg�gc, thc ATote and notes securing Futurc Ad��ances, if any; had no
<br /> ; acceleration occurred ; (b ) Borrower cures all breaches of am� other covenants or agreements of Borrower con-
<br /> � # tained in this Mortgage; ('c ) Borrower pays al] reasonable expense� incurred bp Lender in enforcing the covenants
<br /> � and agreenients of Aorrower contained iu this 14urt�,is�;c �tnii in en (urcin�; I.cndcr':: remedies as providei3 in para -
<br /> ; graph 18 hereof, inctuding, but not iimited to, reasonable �ttornep 's iee� ; and Id ) 13orrow-er tnkes such action as
<br /> Lender may reasonably require to assure thxL the lien of tl�is 3foriga�c, I,ender's interest in the Property and
<br /> � ' Borrower's obligation to pay t6e sums secured by thi� \�ort�age shstt continue unimpaired. LTpo�l such payment �
<br /> and cure by Borrower, this A4ortgage snd the obligations secured trereby shsll remain in full fw•ce and effect as if
<br /> � no scceleration h8d occurred. "" � ' ;�'�,
<br /> ` 20. Aesignmentof Rents; Appointmeni of Aeceiver, Lender in Poasession. �1s additionsl security hcre- A` ,;,�;;'
<br /> ` under, Borrower hereby assigns to Lender the rents of tlie Pro}ierty . {frovided that Bormw er shxll ; prior to acceler- �� ' ��
<br /> � `ation under parttigraph 18 hereof or sUandonrnent of the Property, have tl�c ri�ht to collect and retain such rents I TM�;��,= �
<br /> � as they become due and paysble. '�; ��
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<br /> � LTpon acceleration under paragrapl� i$ l�ereo£ o�• abandonmcnt of the Yroperty� , Lender, in person , bv agent ;; , "
<br /> z or by judioiall,y appoiated receiver shsll be-entif.led to cnter upon . take posse�s9on of and �uanage the ProPerty ` � `'
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<br /> ', and to coilect the rents of the ProperLy, includin� those pttist due. All rents collectecl b�� Lencier or the i•eceiver -
<br /> ' shall be applied first to"payment nf the costs of management of the Pro��erty and collection of rents, including, but " � "
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<br /> not lirnited tq zeceiver's fees, ��remiums on receiver's boncis and reasonahle �tt.orney 's fecs, and then to the sums
<br /> secured by this Mortgage: I.ender and the receiver sl�nll t�e liabte to arcount only for Lhose rents actually received .
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