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<br /> not exCend or ��ostpoue tlie due date ' of tl�e montl�ly iustalln�eiits reierzed to in paragraplis 1 snd 2 hereof or
<br /> change the amount' of ' sueh `installme+� ts .'
<br /> 10. Sorrower Not Released. �xtension of the ti �ne for payinent m• modification of amortization of the sums
<br /> secuied by this i4lortgage granted by I:ender to anti� successor iti interest of Borrower shall not .operate to release,
<br /> in any manner, the lisi�ility of t1� e original - Borrower and Borrowei's successors in interest. I.ender shall hot be
<br /> required to commence Z�roceediiigs against such successorbr refuse to extend time for payment or otl�erwise modify'
<br /> amortization of the sums secured by this` \ Sortgage ! �y reason oF sny demand macie by the original Borrower and
<br /> � ' Borrower's successors in interest. s ;
<br /> li . Forbearance by Lender Not a Waiver. ' Any forbearance by Lender in exercising any right or remedy
<br /> T hereunder, or otherwise afforded by applicable la�v , shall not be `a �raiver of or preclude the exeTcise of Any right
<br /> a � or remedy hereunder. The procurement of insurance or the paynlent of taaes or other liens or charges by Lender f '
<br /> ' n ; � u� shall not be a �vaiver of Lender's right'to accelerute tlie �naturity of tl�e indebtedness secured by t.his Mortgage.
<br /> t C, 12. Remedies Cumulative. ' All remedies provided iii tliis \7ortgage are distinct and ciimulative to any other ' . ' ` `
<br /> " � �' ' right or remedy under this _llortgage or afforded I�y 13�ti• or equitiy ; and n5ay be exercised concurrently, independ- ° ' .
<br /> + : �:,� ently or successively. • ;
<br /> j �� l3. Successors cmd Assigns Bound; Joiat �d Several I3ability; Captions. The covenants and. agreements
<br /> ; ; � herein containecl shall 6ind , and tlie rights l�ereu�ider �l�all inure to , the respective successors and assigns oF Lender ` '
<br /> ? and' Borrower, ' subjecb to the provisions of i�aragra�pli 17 liereof. All cuvenants and agreemeiits of Borrower shulI , ' ;
<br /> ' be oint and several . The ca �tions and lieadin s of the �ura ra �1�: of this 11ort =a e are for canvenience onl and
<br /> t ] 1 � ' 1 b ` I 6 � y
<br /> ; are not tobe used to interpret or define tlie provicions hereof. F " ,
<br /> � � � � � � 14. Notice, � .4ny notice t�o Borrower� provided for in Y,l�zs 1lortgage �slisll � he ' given by �mailing such notice by
<br /> f certified ivail uddressed to Borrower at. tlie Pro� �erty <lddress stated belo�i� , excetit for any ilotiee required under
<br /> f�aragraph 18 hereof to be biven to Borrow-er in thc manner �uescrihed }�y applicable law. Any notice provided
<br /> for in t1�is �Tortgage s1� a11 be deemed to havc been �i��en to I3orrower when givcn m tUe manner designated herein .
<br /> 15. Uniform Mortgage: Governing Law; Severability. This foriu of inort{;age canbines uniform covenants
<br /> for national use and non-uniform covenants �vitl� limited variations by jurisdiction Yo constitute a uniform secu-
<br /> � rity .instrunient covering real property. This \ Iortgage shal ! be governed by the la�v of the jurisdiction in which
<br /> ; the ProperCy is located . In the event tl�at atry provision or clause of tl� is �Zortgage or the Note conflicts with `
<br /> applicabie law, such conflict shall not affec [ othei• provisions of this llortgage or the Note wl�ich can be given
<br /> s effect without tl�e conflicting provision , and to this end the provisions of the _l�Iortgage and the Note are declared
<br /> to be severable.
<br /> , � 16. Borrower's Copy. Borrower shall be furnisl� ed .� conformed copy of this Mort6age at tl�e time of execu-
<br /> s tion ' or sfter recordation hereof.
<br /> t 17. Transfer of the Broperty; Assumption. If ull or an,y part of t,he Property or an interest therein is sold
<br /> i1 or transferred by Borrower without Lender 's prior written consent, excluding ( a ) the creation of a lien or encum-
<br /> F brance subordinate to this Mortgage, ( b ) the creation of a purchase money security interest for household appli-
<br /> � ancea, ( c ) a trnnsfer t�y devise , descent or by operation of ] au• upon the death of a joint tenant or ( d ) the, grant of
<br /> i any leasehold interest of three years or less not contiaining an option to purchase , I,ender may , at Lender's option,
<br /> i declare all the sums secured by this Mortgage io be iinmediately due :�nd payable. Lender shall have waived such
<br /> � , option to aecelerate if, prior to the sale or transfer, Lender and tlie person to wl�om the Property is to be sold or
<br /> � ; transferred reach agreeinent in writing tl�at the credit of sucli person is satisf� ctory to Lender and that tlie interest
<br /> payable on the sums secured Uy this �4ortgage shall be at sucl� iate as Lender shall request. IF Lender has waived
<br /> � the option to accelerate provided in ttiis psragra��li 17 anci if Borrocver'; successor in interest has executed a �vrit-
<br /> ten assumption agreement accepted in writing b,y Lencter, Lender shall release Borrower from all obligations under
<br /> 4 t•lais Mortgage and the Note:.
<br /> � If Lender exercises such option to accelerate, Lender slinll � uail 13orrower notice of acceleration in accordance
<br /> ' ; � witlrparagraph 14 hereof. Such notice stiall provide � period of not less than 30 days from the date t,ha notice is
<br /> inailed within �vliich i3urrower �uay 7>ay the sums declured due. If l3orrowei• fails to pt�y sucli sums prior to the
<br /> � expiration of suchperiod , Lender niay; �vithout fiu�tl�er noticc or dehiand on Borro«•cr, invoke any remedies per-
<br /> mitted by paragraph78 hereoL
<br /> , No�.-U*riFox.M CovFxexTs. Bori•o �c•ei• and Lendei• f'urtlier covenant and a�ree as fo3Iows :
<br /> q ' 1 $. Acceleration; Remedies. Except xs �iro�• ided �n p ii a�;ra � �h 17 hereof , upon I3orrower's ' breacfi of any
<br /> � co�eriant or agreement oS $arro�cer in tl � isJlo�•tg�ege , incluiimg tlic covenants to pa}� �vhen due any sums secured
<br /> ' § by this 1lortgage, Lendcr prior to acccleration shatl mail notice to I3orro��-ei� �s ��ro��ided i �i pziragra��li 14 l�ereof
<br /> y' specifying : ( 1 ) the breacl� ; (2 ) t.lie :zctio❑ rcyuired to cwr auch hreuch ; 13 ) :L diatc , not less than thirt}• days L
<br /> ; from the date thc notice is maiied to I3orro�rer, by �r1 � icL �ucli I > rcarli must be cured ; ancL ; 1: 4 ) that fsilurc to cure t ,
<br /> rsuch breach on or before tl�e date specified in tLe notice may resutt in accelei atiun of the sume secured by this
<br /> ;��ortgage and sale of the Prqperty , If the bre� ch is not cm•ed on or before the date specified in tl�e notice, Lender
<br /> ? at Lender's option uiay declare all of tlic sums secured b�� thi ;: � Sortgage to be 1Tilill((� I ;iLI'ly due and p�yaiale
<br /> � � wiLhout � further �9emand � and ��nay foreclosetliis \7ort.gage t�p ,judicial proceedin � . � L.endershalf !�e entit�led � to � collect � �
<br /> ^ : in such proceeding a71 expenses of foreclosure , iiicluilin�; , bui not li�uited to , costs of docuinentar�• evidenee,
<br /> x abstracts and title reports.
<br /> 19. $orrower's Right to Reiastate. ;\ otk� ithsianding I.endei• 's ;�ccelcration of t:l� e s�nus secured by this
<br /> Mortgage , Borrower atiall have tl�e right to hai'e siiy proceedings begun by Lender to eniorce tl�is tilortgage 3is-
<br /> continued at any time prior to entry of a judgment enfo7cing tliis \lortga�e if : ( a ) Borrow-er pays Lender all
<br /> sums which would be then due under this :�lortgage, thc Note �iind notee securing Futui•e Advnnces , if any; had no
<br /> acceleration occurred ; ( b ) Borrower cures all 1>reuch �� of an�� other co�-enrints or agrrements of $ orrower con-
<br /> taiaed in this Mortgage ; ( c ) Borrower pays ail reasona6lc espcnses incurr�A b}- Lender iu enfm•cing the covenants
<br /> a:d ag;eemen`,,s of Borrow�r wutained in [.Lis \Iortgu�;e 3nci iu eniurcing Lender 's remedies ss provided, in para-
<br /> graph 18 hereof, including, but not limited to, reasonsl�le attorney ': tees ; anci ( d1 ]3orroiver takes such xction as
<br /> Lender may reasonably require to assure that the lien of this 1lortga�e , Lender's interest in the Property �nd �
<br /> Borrower's obligation to puy the sums secured by thi \ Iortgage sliall contitruc unimpu -�d . Ul�on �uch puyment
<br /> attd cure by Borrorver, this :14ortgage and tl�e ubligutions .ecured liereby shxll remain in iLli '��•ce and effect as if "� �' ' ,�'a,D
<br /> � no aceeleration hsd occurred . � - = � , , � ..
<br /> ' 20. ,Aasi :1s �dditiona. securitv here- �er � � ' '
<br /> ; giameat of Reals; Appoiatxaent of Raceivar, Lender in Possession. ,
<br /> under, Borrower hereby assigns to 'Lender tlie rents of Yl�e Propert}� . Ciro�•ideii that Borroc��er shall , piior to acceler- ��� r
<br /> x ation under paragraph 18 :hereof qr aba»donment of tlie Property; have the right to collect and reta.+n such rents ��,�,��:
<br /> � .as they become due and payable. : _ ;;,� �!
<br /> Upon acceleration under paragrspl� 18 l�ereof tir sbandoa�;�ent of the Yroperty . Lender: in ner�oA . by a�+en# � - "'
<br /> , , �
<br /> � or v,y judiciaily . appomted receiver �hall k� entitleci to entcr upon , take 1�ossession of and myna�e thc Property
<br /> , asuci Lo w�Jlect i�ie rents of the Propeny, inclu�ng those pasi dne. r111 i•ents collecte,d h,y Lender oi• t.l�e ' receiver � - '
<br /> sha11 be applied &tstto payment o€ the cocts of s3�anagema:nt of ti�e Propert:y nnci collection of rents , including , bui
<br /> not iimited to, reeeiver's fees, ��remiums on receiver'e; boniis and r�asonable uttorne,y 's fees , �nd then t,o the sums
<br /> seraared by thi` :�3ortgs�c. Lendc: and thc reccic-cr aLa71 Lr lial,l� to n.•c�uui unl �� for Gi�ose renLh sct.ually receiveci .
<br /> � ''w`w . . . , ,. _ . > . . . . , .,. . . . . . . :a,� . . � . . . . J .
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