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<br /> not extend or ��ostpone the due date oi tl�e �nontlil}� iostnllments referred to in paragraphs 1 and 2 hereof or
<br /> change the amount of such installments:
<br /> 10.' Borrower Not Aeleased. - �xtension of tlte time fur payment or modification of amortization of the sums
<br /> secured by this '•MorGgage granted'Uy I .ender to an� �i�coessor �n interest, of Borrower shall not operate to release,
<br /> in any manner, the liability of tlie ori�inal Borro�cer and Borro�ver's successo�s in interest. Lender shall not be
<br /> required to eoinmence proceedings against sucli`successor or refuse to extend time for payment or otl�envise modify
<br /> amortization of the sums secured by tl�is �lortgage hy i•easotz of nny demand made by the original Borrower and ,
<br /> ; Borrower's successors in' interest. : ` ` "
<br /> : " 11.'- Forbeurance by Lender Not a Waiver. Any for6earance Uy Lender in exercising any right or remedy " ' � �,;
<br /> hereunder, or otherwisesfforded by applicable larv, shall not be a waiver c�f`or preclude the exercise oC any right
<br /> or remedy liereunder. The procurement of insurance or the payment of taxes or other liens br charges by Lender � '< ,
<br /> ahall not be a waiver of Lender'sright t,o accelerate tlie maturity of tl�e indebtedness secured kay this D4ortgage.
<br /> 12. Remedies Cumulative. - Ail iemedies provided in this 14ortgage are distinct and cumulative to any other
<br /> right or remedy� under tliis �'Iortgage ox• 'afforded i>y lacc �r ec{uity , and n7�y bc exercised concurrently, independ-
<br /> ently or suceessively_
<br /> 13. Successors �d'Assigns Bouad; 7oint �d Several Liability; Captions. The covennnts and agreements
<br /> herein containeci shall 4ind , and' the rights i�creunder sliull innre to; thc resper,tive suceessors �nd assigns of Lender
<br /> and Borrower, subject to the provisions of paragr.ipli 17 liereof . �111 covenants and �.greements of Borrower shall
<br /> be joint and Eeveral. The captions and l�eadings ot the paragrn��6s oC this \iortgage are for convenience only-and
<br /> are not to be useci to interpret or define tlie provisions hereof:
<br /> 24. Notiee. .4ny noticc to Borro�vei• ;n•oti-ided for in thi� �Im•tgage sl� all be given by mailing such notice by
<br /> certified mail addressed to 'Borrower at tlae Yropert,v �ddress stnted helow , except for any notice required under
<br /> paragraph 18 l�ereof to be given to Boi•row•er in tlie �nannci• presci•ibecl by� applicable laiv. Any notice Y�rovided
<br /> for in this �Iortg�ge shall be deemed to Lati�c bcen gii•en to Borro«•er when given in tiie manner designtlted herein.
<br /> 15. Uniform Mortgage; Governing Law; Severability. '1'his form of mortgage combines uniform covenants
<br /> for national use and non-miiform covenants �vith limit.ed v��riations by jurisdiction to constitute a uniform secu-
<br /> j rity instrument covering real }�i•operty. This \Iortgage shnll be governecl by the la«- ot the jurisdietion in which
<br /> x the Property is located. In the event that any provision or clause of tliis \-1ort.gage or tl�e Note conflicts with
<br /> applicable law; such conflict shall not ztffect ot.lier provisions of this \lortgage or the Note �ti�hieh can be given
<br /> effect without the conflicting provision , and to t:his end the provisions of the �1ort�age and the IQote are declared
<br /> to be severable.
<br /> 16. Borrower's Copy. Borro�ver shall be furnished a conformed copy o£ this Nfortgage at the time of execu- -
<br /> ° tion or after recordation l�ereof.
<br /> 17. Transfer of ihe Property; Assumption. If all or any part, of the Property or an interest therein is sold
<br /> or transferred by Borrower without Lender's prior written conseut, excluding (a) the creation of a lien or encum-
<br /> brance subordinate to t.his �4ortgage, ( b) the creat:ion of a purchase money security interest for household appli-
<br /> w ances, (c) a transfer by devise, descent or b,y operation of ]a��• upon tlie death of a joint tenant or (d) the grant of
<br /> any leasehold interest of three years or less not contaiuing an option to purchzse, I.ender tnay; at Lender's option,
<br /> declare ail the sums secured by ttiis \4ortgage to be immediatcly duc an<1 paynble. Lender shall have waived such
<br /> A option to accelerate if, prior to the sale or t.ransfer, Lender ancl the person to whorn the Property is tq be sold or
<br /> '; transferred reacli agi•eement in writing that tlxe credit of sucli persmi is s3tisfactory to Lender and tliat the interest
<br /> ','' payable on the sums secured by this Mortgage shall be nt such rate as Lender shall request. If Lender has waived
<br /> ai the option to accelerute provided irrtl�is paragrapli 17 und if 13orrower's successoi• in interest has executed a writ-
<br /> ten assumpf,ionagreement accepted in �vriiing by Lender, Lender shall release Borrower from all obligations under
<br /> this NTortgage and the Note.
<br /> i If Lender exercises such option to accelerste, Lender shall :nail Borro�ver notice of acceleration in aceordance
<br /> � witli paragraph 14 hereof. Such noticc sliall providc u �ieriod of not less th:zn 30 days from the dnte the notice is
<br /> ," mailed �vitl�in w}iicl� Borrower inay pay the suir�s declamd �lue. If 13orrower fails to pay sucli smns prior to the
<br /> expiration of such period , Lender may, �i•ithout furtl�er notice or deivand on Borrower, invoke any remedies per-
<br /> � mitted by paragraph 18 hereof .
<br /> P. �
<br /> y � � �i�TON-UNIFORTI� ��iOVF,NANTS.� H017'ONBP RI7C� LCIl(�C1' fUl't.I1C1' COVC'I121I1t SIICl a�''PCQ 215 t0��0\VS : � . ' �'
<br /> : 18. Acceleration; Remedies. Lhce��t u� i�rci�'ided in pua•agrupli 17 hereof , uE�on Borro�+�er's breacli of any
<br /> covenant, or agree�nent of Borro�i�cr in this �Sortg.tgc, including thc coven:anta to pay when due any sums secured
<br /> by this \Iortgage, I,ender ��rior to xccele3-ati�n �hyll �uail notioc to Borro�+�cr as �n•o��ided in ��ai•agra��lt 14 liereof M
<br /> specifying :� � ( 1 ) tl�e breach ; ( 2) the action required � to ctiu�c sucl� liret�cli ; (3) a d'atc , � not less thxn ttiirt,v days
<br /> from the date thc notice is muiled to 13orro�� cr, � >�' «'hic1� sucl � brcac6 wust be curea ; and ( 4 ) that faiturc to curc
<br /> such breach on or before tiie date specified in tl�e noticc way result izi acceleriition of the suru� �ecured by this
<br /> , lfortgage and sale of the Properiy. If the breacl� is not cured un or befoir tlie date specified in the notice , Lender
<br /> ; ai Lendei's optimi inay declare all of the sums secured by this �1ort�;agc to be immediately due and payaUle
<br /> without further demand and tnay foreclose this �Iortgage by iudicial proeeeding. I:ender sh�ll be cntitled to collect
<br /> in such proceeding all expenses of foreclosurc, including , 1>ut not liiuited to , costs of docuu�entairy evidence,
<br /> abstracts and title reports.
<br /> 19. Boaower's Right to Reiastate. \ot�rithatanding I,ender':; acceleration of tlie �um� secured by this
<br /> Mortgage, Borrower shall liave the rigl�t to ha��e any proceedin�;� begun by T,ender to enforce this _llortgagc dis-
<br /> continued at sny time prior to entry of a judgment cufurcinK tl�i. \'Iortgnge if : la ) Borro«-er pr�ys Lender all
<br /> sums which would be then due under this \Io�tgage. tl�e �ote :anci notes securing Futurc Ad�•Hnces, if any > had no
<br /> acceleration occurred ; ( bl Borrower cures all breaehcs of au�• other covenantc or agreements of Borrower con-
<br /> , tained in this Mortgage ; (c ) Borrower pati-s all reaaonctble e��>�nse� incurred bt I,ender in rnforcing the covenant,
<br /> and agreements of $orrower contained iu tiii� \Iottg.+gr :iu�� i �i c�ufui . inF I,en�lir's :�medies as pro�'ided in para-
<br /> graph 18 hereof, including, but not lin�ited to, rez�sonabl� atfoi•nep 's fecs ; and ( cl) Borrower i. �kes such aictiion as
<br /> Lender may i�easonably 'require to assure that the lien of thi� �Iortgage , Lender's interest in the Propert,y and
<br /> Borrower's obligation to I�ay ihe sams secured bV this liortga�;e sliaU continuc umippaired . L?potx such payrnent
<br /> and oure by Borrower, this Mortgage aud tlie obligations secured hereb�• sl�all remain in full fnrec and effecf aas if
<br /> no scceleration had occurred. < , ` : h * �.
<br /> Z0. Asaigament of Reats; Appointaient o! Receiver: I.ender in Possession. As additional securit,y here- � , iF��
<br /> ' ,�+ under, Borrower hereby assigns to Lender the rents of tUe Pro�ert}• : pro�'ided thsst Borro�ver shall , prior to acceler- ��r� ,
<br /> ; ' ation under paragraph I8 hereof or abandomnent of t.lie Property, huve thc right to collect and retain such rents �s� -j; '
<br /> as t3�eg becnxne due'and�payable. �� � �� � � � � � � � '��'�
<br /> ITpon acceleration under paragrapl� 18 ]�ereof or atiandonment oF t:lie Yioperty, Lenaer, in per�on, bg agent : r
<br />�, or by :judiezally appointed reeeiver shali be entitle�i to enter uron , take po�se�siwi o1 and w� unge the Prup�rty �
<br /> snd, to collect the rents of the Yroperty, ancluding those ��ast due. Ail rents collectei:l im Lenil�r or l.lie reoeiti•er �,� "
<br /> shall be applied Srst to payment of the costs of management o: the Property and collection of rents, including, but
<br /> not limited to, receiver's fees, premiums on receiver s bond� snd reasoniible attarncy's fee� , tind then to the swns �
<br />� � secured by tnis it�loxtgabe. Leudei aiil 61�e ieueivca� '.3,all l+c :iat�tc to account oniti- for tltosc rent� actunlly r��rive�i .
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