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<br /> � . . . . . . . . . . . . . .. . . .. . . . . . � � �.
<br /> not extend oi� l�ost,pone tlie due date o{ the monthlp in;tnll �uent � refei•reci to in paragraphs 1 and 2 hereof or
<br /> chssnge the amount o€ sucli installme�� ts . `
<br /> ` 10. BorrowerNot Released. Extension of thc tinie ioi• 1 >ayruent or iuodificnt,ion of smortization of the swns
<br /> secured by tfiis 1lortgage gr�intect by I:e�xder to �ny �uccessor in iuterest of Borrower shall not .operate to release;
<br /> in " any manner, tl�e liabilit,y of the origiiial ]3orro�ti� er anci I3orro�ver's successors in interest. Lender shall not be'
<br /> + required to commence proceeciings against such successor or refuse io extend time for payment or othercvise modify
<br /> amortization of the sums secured by tliis: _llortgage by roason of ang dema�id made ` by the original I3orrower and
<br /> r � ' Borrower's successors in interest. ' ' ° :
<br /> 11. Forbearance by Lendez Not a Waivez. �1ny Sorbearance by Lender in exereising any right or remedy "
<br /> x C+: ' hereunder, or othen�+ise afforded by ap}�licablc l:sd�; shat ] not I�e a �tiaiver of or preclude the ' eserc3se of any right ;
<br /> ; 'c'�'` or ren�edy hereunder. Tlie procurement of insurance or the paynient of taxes or other liens or charges by Lender
<br /> ' ` � '� ' shalt not be a waiver of Lender's right to accelerate t {ie -inaturity bf the "indebtedness secured by this Mortgage.
<br /> a +, 12. Remedies CumulaGve. All reti�edies provided in ' tl� is \-lortgage are distinet and cumulative to any other ` " ;
<br /> ° � ri�ht or remedy under this 3Iortgage or affordecl }iy liicr or cquity- , snd nia}� bc exercised concurrently, iudepend-
<br /> � ^ ently or suecessively .
<br /> a 13. Successors , and Assigas Bound; Joint and Several Liability; Captions. Tl�c covenants and ttgreements
<br /> herein contained shall bind , itnd the rights hereundei� shsll inure to ; thc respective successore and aseigns of LenSei
<br /> 3 and Borrower, suUjectto ihe "provisions of �7sragrupli 1 i hcreol'. All covenunts und agreeruents oi Borrower sl�ali
<br /> be joint and severaL Tl�e captions and lieadings crf tlie pyragra�ihs of this � lortguge are for convenience only and '
<br /> ; arenot to 6e used to interpret or define tlie provisions hereof .
<br /> ; 14. Notice: An,y npticc to Ba•Tower ��rovideci for in tliis \ Tortgage sl� �ll I�c given by �iiailing such notice by
<br /> ? certified mail :�ddressed to Borrower at the Yropert.y Address .�tnted bclow , except, for sny notice required under
<br /> i para�raph 18 hereof to be given to Borro�rcr in tlie manner preacribed by applicable law. An�� notice provided
<br /> � for in thia 1lortgage sliall bc deemed to liavc been given to Borron• er ��•hen given in "the ruauner c9esignated lierein .
<br /> ; 15. Unifotm Mortgage; Governing Law; Severability. '1'his form of mortgage combines uniform covenants
<br /> for nstional use and non- uniform covenants �vith limiteci ��ariations by jurisdiction to constitute a uniform secu-
<br /> i rity instru�nent covering real px•operty. This \ Iortgage sh� ll be governed by tl�e la�+� of the jurisdiction in which
<br /> the Property is locatedr In the event that any provision or clause of this lZortgage or the Note conflicts with
<br /> � applicable law, such conflict shall not affect other provisions of this �Iortgage or t.he 1\Tote 4vhich can be giveti
<br /> effect without tlre conflicting provision , and to t,his end tl�e provisions of the \Tortgage and the Note are deelared
<br /> � to be severable.
<br /> 16. Borrowei s Copy. liorrower shall be furnished a conSormed copy of this �fortgage at the time of execu-
<br /> ` tion or after recordatioi: hereof.
<br /> r 1R Transfer of the 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 consent , excluding ( a) the creation of a lien or encum-
<br /> ' brance subordinate to tl�is 34ortgage , ( k> ) tl� e creation ol a pumhase rnoney security interest foT household p.ppli-
<br /> ? ' ances, ( c ) a transfer by devise , descent or by operation of 1a�c upon tlie detith of a joint tenant or ( d ) tlie, grant of
<br /> ' any leasehold interest of three years oi• less not containing au option to pui•cliuse , Lendei• inay , at Lender's option ,
<br /> ` declare all the sums secured b,v this 1�Tortgage to be inunediately due and payablc. I.ender shall have waived such
<br /> ; option to accelerate if; prior to the sale or transfer, Lender ;and tlic person to whoni thc Progerty ih to be sold or
<br /> transferred reach agreement in writing tl�at the credit of such person is satisfactory to Lenderand that the interest ' '
<br /> � paysble on the sums secured by this A-Tortgage shall be at• sur. li rate as Lender shall request. Tf I,ender fias �vaiveci
<br /> ;� ' the option to accelerats provided in tl� is paragrapL 17 and if 13orrower's auccessor in interest has executed a writ-
<br /> p ten assumption agreement accepted in writing by Lender, Lender sh�ll release Borrower from all obligations under
<br /> � ` this Mortgage r�nd the Note.
<br /> � If Lender exercises sucli option to accelerate, Lender shall �nail 13orrower riotice oi acceleration in accordance
<br /> � �vith paragraph 14 hereof. 5ucli notice sl� all pro��ide a ��eriod of not less ilian 30 days from the aate t,l�e notice is
<br /> ' mailed �vithin which 13orro�vei• mssy pay tl�e sums declared due. Ii ]3m•rower fails t.o pay such sums prior to the
<br /> � expirstion of sueh periody Lender inay , «�ithout fui�tliei• notiee or c3emund on B'orrower, � involce any remedies' per-
<br /> , mitted by paragrs�ph 18 l�ereof.
<br /> � Nox-U *riFoiaM CovF: xn�zs 13orrowei• anc] I�euder furt]� er c<>venant tind ag•ree a � follo«� 5 :
<br /> : 18. Acceleraiion: Remedies. P;�cept :is pro�- ideil in par��ru� � li 17 hereof , u�'ion 13orro�+ ci '� brt;ach of any � -' '
<br /> i covenant oe agreement of Borrower in this 1lortga�;c, inchuting t6c co��enant, to pay �+� hen due zn}� sunts secured
<br /> � by t1� is �Iortgage, Lender }� rior to acccleration shall inrlil nofice to I3orro«�er as l � roti' ided in �� aragrapli 14 liereof e
<br /> + � specifying : ( 1 ) the� breach ; (21 < tl�e action reyuirect � to cwb sucli breach ; ( 3 } � x datc , j�ot less t �han thirty elays
<br /> S froiii the d �te the notice is �nailed' to 13a•ron•cr , 1 >�• �cLich sircL brc:icl� �i� ust be cw•ed ; and ( 4 ) thut f:tilurc to cure `
<br /> `j such breach on or befoee t.lie date specified in tl�e noticc �nuy resutt ' in acceleration oi the suii�;� secumci by fhis
<br /> Mort.gage and sale oF tt�e Property. If the breacL is nol cured or. or beCore the dtite specified in tlie notice , Lender
<br /> . :j at Lender's option xuay decl:�rc till of the smvs secured by� this _llortgagc to be itninediatcly due ctind payable
<br /> without iurther demsnd ancl inay foreclose t. his \lortgagc Gy j udicial proceedin�. Lender shall be cntitlei� to collect
<br /> in such proceeding nll expenses of foreclusura , incliuling , but �iot limitec3 to , cqsts of docu�uentary evidencc ,
<br /> abstracts and title reports.
<br /> i 19. Borroweis Right to Reinstate. lotwitli�ianding Lender's accelei•ation of thc sums secured u}* this
<br /> Mo;Ggage, Borrower sl�all have tl�e righE to havc any procecdinge }yegun by I.ender to enforec this \4ortgage dis-
<br /> continued at any time prior to entry of a judgment enf�xeing thi, 1lortgagc if : la ) Borrower pays I.ender all
<br /> ° sums which would be then due under this lioriga �;t�, tlic Vote nnd riotes seciiring Futurc Ad��ianec� , if any, had no
<br /> € acceleration occurred ; ( b ) Borrower cure� all breache� of any other coven .inte or agreements of Borrower con-
<br /> t�ined ia this :1Zortgage ; ( c ) Barro�ver pays all reasonablc e��icnse- iiuurred h�- I , rnder in enforcir. ��; thc ce�•en � nts
<br /> ' and agreemente of $orrow�er containec� 9n this \ Iortga};� 'and in enfoi•cin� Lcndcr's rernedies a� s provided in para-
<br /> graph 18 hereof, inciuding, but not limited to, reasonuUle attor�rey "e fee: ; and ' i' ii ) Borrower takes snch uction as
<br /> ^ ., Lender may reasonably require to assure that thc lien of tl� ie \ lortgfige, Lender's interest it1 the Yropert� and
<br /> ` Borrower's obligation to pay ttie eums secured by t3� ia \ Iort �;age .� hall continuc• unimpaired : i7pon �uch payment '
<br /> and cure by Borrower, this AZortgage and the obligations secured-lzerebi� shsll rem:ain in Sull force and effecC ae " if �� '
<br /> no acceleration had occurred. ' ��� , ,�y
<br /> 20. Xsaigs�ment of Rentsr Appoiat=pent of Receiver; Lender in Possession. :Xs additioval security here- . ��, . . . � '
<br /> � under, Borrower hereby assigns to Lender the rents of the Propert }-. �iro�•ided ` that BoTroc�•er sfialt ; prior to aceeler- �„� .
<br /> ation under paragraph 18 hereof or abandonment of the Propprty , Iiavr. the right to collect and retain such rents �"��
<br /> as they become ,due and payable: "'� �•
<br />� Upotz acceleraiion uuder pxragt•a�h Ifi hereoi ur ai >aa�duniu�tit uI ti,e �'iu�,� rty , L�.ii�ler, iiz percoci , Ly agent „ . rt
<br />� ., �t• by judieially apYoiiil,ed reccivur sLnl1 Le entitlda to cntea upou . taka postic.riun oC a�zd maua�e tl�e1'roperty' �_ .
<br /> and Lo collect the renta of the Property , including those ; ;iast due. AII rents collected hp Lender or tUe receiver �* �
<br />� ahall be applied first to payment of the costs of managemr. nt of tlie Property and collection oS renLs , including , but
<br /> npt3imited to; � receSver's � fees ; premi�ims � on r�c�iver '� h�n ��< nnd r�flsonnhle :� ttorney'G f��>� , an �i th��n ' to the �mn�
<br /> ` secured by this iyIortgage: Lender and the ieceiver shall f1c littible to xrcount onl�� for thosc rents actually recei�•ed .
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