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<br /> riot extend or postpone tlse due date oi the �nonthly install �nents refei•red to in paragraphs 1 and 2 hereof or
<br /> change tl�e umount ` of sucli installments.
<br /> : 10. Borrower I3otReleased. Extension of the fime for pa,yment or rriodification of amortization of the sums
<br /> secured by this 3'Iortgage granted by l.ender to any succecsor iminterest oi Borrower shall no4,operate to release;
<br /> in any tnanner, tl�e lia6ility of tl�e original 13orrowei• nnc� I3ori•owcr's successors in interest: I.ender shall not be .
<br /> required tio commence proceedings against such successol• m• refuse to extend time for payment or otherwise modify
<br /> amortization of the sums secured uy this liortgsgc l�y reasm� of :�ny demand macie Uy the original Borrower and
<br /> �, Borrower's successora in interest.
<br /> 11. Fosbearance by Lender Not a Waiven Any forbearance by Lender in exercising uny right or remedy
<br /> hereuiider, ar otherwise afforded by applicable ]a��• , shall not be � wai:•er of or preclude the esercise of any right
<br /> � or rennedy hereundeT. The procurement of insurance or the payment of taxes or other liens or charges by Lender
<br /> �'„yj shall not be a waiven of Lender's iight to flecelerate `tl�e maturity of the indebtedness secured by this Mortga�e.
<br /> ; Ci+ 12. Remedies 'Cumulative. 911 'Temedies provided in this 17ortgage are distinct and cumulutive to any other
<br /> ►,(y 'right or remedy under this \Iortgage or ssffohded hy la��� o�� equit,,y; and inay i>e exereised concurrently, independ-
<br /> •C*+ ently or successively.
<br /> C: 13. Successors aad Assigas Bound; Joint and Several Liability; Captions. The covenants and agreements
<br /> „� herein contained shall bind ; and the rights hereunder shall iiiure to, t.l�e respectivc successors and asaigns of Lender ( `,
<br /> � and Borrower, subject to tl�e pr�visions of pucagraph 17 hei•eof. All covenautc �nd agreements oF lioerower sliall
<br /> J � be joint and several : The cartions and Leadings of the paragrai�hs of this �iortgage a,re for convenience only, and
<br /> are not to be used 'to interpret or define tLe provisions liereof.
<br /> 14. Notice. Any notice to Borrower pro�•ided for in tluh \lortgcige shnll be given Uy mailin� such notice by
<br /> cectified mail addressed to Borro«�er sst the Yroi�erty Addre �s .tated belo�v, excei>t for any notice required under
<br /> paragraph 18 liereof to begi��en to Borrok�er in tl�e inanner presoribed by :�pplicable la�,d•. Any notice provided
<br /> for in this \4ortgage shall he deeined to ha��e beeii gi��en to Borro�cer �+�l�en 6iven in tlie aianner designated lierein.
<br /> 15, Unifosm Mortgage; Goveming Law: Severability. This fortn oS mortgage combines uniform covenants
<br /> for national use and non-uniform covenants �vitL limited ��ariations by jurisdiction to constitute a uniform secu-
<br /> rity instrument covering real property. This \-Tortgage shalt bc governed by the law of the jurisdiction in which
<br /> the Property is located. In the event tliat uny provision or clause of tliis Viortgnge or tlie I�'ote conflicts with
<br /> applicable law, such conflict shall not affect other provisions of this \Iortgage m� the Note which can be given
<br /> effect without tl�e conflicting provision, and to this end the provisions of the \-iortgage ancl the Note are declared
<br /> to be severaUle.
<br /> 16. Bozrower's Copy. Borrower shall be furnisl�ed a confoi•med copy of this biortgage at the time of execu-
<br /> tion or after recordation hereof.
<br /> 17. Tzansfer of theBroperty; Assumption. If all or any part of tl�e Property or an interest therein is sold
<br /> � or transferred by Borrower without Lender's prior written consent, excluding (a) the creation of a lien or encum-
<br /> = brance subordinate to this blortgsxge, ( b ) the crent.ion of a purchase money security interest for l�ousehold appli- � '
<br /> ances, (c) a transfer by devise, descent or b,y operation of ls��• ui�on the deatli of a joint tenant or (d ) thegrant of
<br /> i any leasehold interest of three years or less not containing an option to purchase , Lender mny, at Lender's option,
<br /> ' declare al] the sums secured by tl�is A4ortgago to �e immediately due snd p�yable. I.ender shall ha��e waived such
<br /> option to accelerate if, prior to the sale or trinsfer, Lender atid th� person to wliom the Property is to be sold or
<br /> transferred i•eacla agreement in �vriting tl�at tLe credit of sucl� person is satisfactory to Lender and that the interest
<br /> ? ' payable on the sums secured by this Mortgage shall be at sucl� rate as Lender shall request. If Lender has waived
<br /> the option to accelerate provided in this paragraph 17 aud if Borrower's successor in interest lias executed a writ- , ;
<br /> ten assumption agreement accepted in �vribing by I.ender, I.ender sl�all release Borrower from all obligations under
<br /> � this Mortgage and the Note.
<br /> � If Lender exercises sucli option to accelerate, Lender shall �nail I3orrower notice of acceleration in accordance
<br /> � with paragraph 14 hereof. Such noticc sha]l providc a perioci of not less than 30 days from the date tl�e notice is
<br /> mailed within which Borrower muy pay the sums declared due. If Bon•o�ver fails to psy sucli sun�s prior to the
<br /> expiration of such period , Iaender may; �vitl�out furt.iier notice. or demand on $'orrower, invoke any remedies per-
<br /> mitted by paragraph 18 hereof,
<br /> �Tox-LlxiFORrz CovFxerzs. Boi•ro�ve�• and Lendei• furtl�ei• covenunt axid a�;ree as follows ;
<br /> 18. Acceleration; Remedies. ExceF�t xs pro�•ided in p.iragr:i�il� 17 lureof, upon Borrower's breach of any
<br /> covenant or agreenient of Borro��•er in this \lortgagc , including t6c covenants to I>uy w�hen due any sums secured
<br /> by this �tiortgage, Lende.r ��rior to �cceleration shall �nnil notice to Bm•rower as � n•ovided iii paragraph 14 hereof
<br /> � specifying : ( 1 ) the breach ; (2 ) tl�e nction required to cm•e sucl� breacli ; 13 ) n clatc, not less thnn tl�irty- days .
<br /> from the date ti�c notice is mailed to 13orro�ecr, b�� �chich such brc:�cli �uust be cua•cil ; and (41 thut failure to cure
<br /> such breach on or before tl�e date apecified in the noticc wuy resuR in accelerat,ion of thc sums secured Uy this
<br /> �lortgage and sale of ttie Property. If the brcaci� is not cured ox: or betore tlie date specified in tlie notice, Lender
<br /> at Lender's option may declare all of the swns secured t>y tl�irs \4ortgage to be immediately due and payable
<br /> without further demand and tnay foreclose this �Iortgage by judiciail proceeding. Lender shall be entitied to collect
<br /> in suc2� proceeding uil expenses of toreclosure , inclu�ling, but not liiuited to, costs of docwnentary evidence,
<br /> abstracts and title reports.
<br /> 19. Borrower's Right to Reutstate. 1'otwitl�stttincling I.endei'� acceleration of the sume secured by this
<br /> Mortgage, Borrower shnli have ihe right to have any proceeding� begun by Lendcr ro enforcc this Mortgage die-
<br /> continued atany time prior to entry of a judgment enforcing this \lortgage if : ( ul Borrotvcr paVs Lender all
<br /> sums whieh would be then due under this 1foi�tgage, tlie Note :�nd notes securing Future .�,dvances, if any, had nu
<br /> acceleration occurred ; ( b) Borrower cure. aill breaches of .im� otlier co�•enznts or agrcements of Bo�rower con-
<br /> '� tained in this Mortgage ; ( c) Borrower paus ull i•ea�onablc expenses incurred b�� I,ender in enforcing the co��enunts
<br /> and sgreemen*,.s of Borre�vcr conta,ined in tliis �1c>rtg�i;;c a::d iu er:forcing Lcndc:'s rcinedics as pro��idcd 'zi: para-
<br /> grsph 18 hereof, includin�, hut notlicnited to, renconable ;xttorne��'� fee� ; and ' ( dl Borrower tnkes such act.ion as
<br /> Lender may reasonably require to assure that t]}e lien bf tliis �toMgage : Lender's interest in the Pro�>erty and
<br /> ' Borrower's obligation to pay the suins seeured l�,v tl� i� \7pi•tg� �c sliall rontitiue uninipaired . L)pon suc}� i�ayxnent �
<br /> and cure by Borrower, this Mort.gttge and the obligations secured hereby �hall recnain in full force and effect as if
<br /> . : no aceeleration had occurred.' i •_ ,. `- •x"�+.
<br /> ^ 20. Aeaigs�ment of Renta; Appaivatment of Receiver; Leader in Possessiou. .�s :�dditional security here- A'z °?�;
<br /> . + uncier,' Borrower hereby assigns to Lender the rents of tl�e Propercy, pro��ided that Borrower shall; prior to acceler- : "' : ,� '
<br /> � , � ation under paragraph 1$ hereof or abandonment of the Property, }iave thc righf to collect and retnin suchrents ;„;�,�� ��.
<br /> aa they beoome due and payable: �, x"„�
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<br /> Upan acceleration under �aragrapli i8 hereof or abandonn�ent of tlie Yroperty , Lender, in person, by xgent aY4 '�'
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<br /> r1°`'' . and to ca lectiLhe iEnitstof the�PtU r�t�1 i�tcluai���thoa� ��,acl 1ue.� �ll�r�ili.i; 4�ullrot ul Ly T,�l�l���e the P!•operty ... .
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<br /> " shall be agplied first to payment of the, costs of inanagement of tlie Property and collection of rents, including, Suf ° "" �'
<br /> ' not limited to, receiver's fees, prernimns on receiver's bond� 3nd reasonablc :ittorney 's fees, and then ta t.he sums
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