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<br /> not extend br ��ostpone the due elate oi the monthly instnllinents referred to in paragraphs 1 and 2 hereof or
<br /> ' change tl�e amount of such installtnents: ` - ' ' " 1
<br /> ` 10. Bozrowez Not Reledsed. Extension of t,he tinie for ��ti,ymei�t or ntodification of amortization of the sums
<br /> secured by this Vioitgage grnnted by Z,ei�der to- any '_uccessor in i �aterest of Borrower shall not operate to release, „ , ,;
<br /> in any manner; the diability of tf�e original 13oi•rowei• und Bori�o�vci's successors in interest. Lerider shall not be
<br /> required to coanmence proceedings a�ainst suct� successor or refuse to extei�d time for payment or otherwise modify
<br /> amortization of tY�e sums secured by tl� is' \ lortgage bv reasoi� of any demand made ' by the original Borrower a�nd
<br /> � ' Borrower's euccessors in interest:
<br /> �y 11 , Fozbearance by Leadec Not ¢ Waiver. Any forbearance by Lender in exercising any right or remedy
<br /> � u-:, hereunder, or otherwise afforded by applicabie la��• , shall iiot be ` a �vniver of or preclude the exercise of any right
<br /> p �, or remedy hereunder. The procurement of insurance or tl�e payment af taxes or other liens or charges by Lender '
<br /> � Gw shall not be a waiver oflLender's right to accelerate tlSe maturity of ihe indebtedness secured by this Mortgage.
<br /> + �, , 12. Remedies Cumulative. " All remedies pirovided in tl�is \lortgage are clistinct and cumulative to any other
<br /> 7 � right or remedy under this �Iortgage or afforded )n- Ia��• or equiiy ; and "may be exercised concurrently, independ-
<br /> � , entiy orsuccessive]y. '
<br /> � I� 13. Successors and Assigns Bound; Joint and Several Liability; Captions. The cocenants and ' agreements
<br /> � � herein contained shall bind , and the rights hereunder sha,ll inure to , tl�e respective successors and assigns of Lender ; .
<br /> t: and Borrower, ' subject to the provisions of pa�•ugraph 17 hereof: All covenhnts and agreements of Borrower shall : '
<br /> � be joint and severaL The capt.ions ancl l� eadings of the parflgraphs of kl� is \Iortgage are for ' convenience only and
<br /> are not to be used to interpTet or define the provisions hereof .
<br /> � 14. Notice. Any notice to 13orrower � � rovided for in ttiis ltortgage shzll be given by maiting sucli notice by
<br /> certified mail addressed to Borrowei• ut the Property 9ddress st.3ted below , except ta� .�ny notice required under
<br /> F paragraph 18 hereof to be given to Borro�t�er in ihe �nnnner prescribefl by applicaUle ] aw. Any notice provided ` ,
<br /> � for in this \-Tortgage sliall bc deemeci to have been � iven to Borro«�er when gi�•en in thc manner designatecl herein . ) . '
<br /> 15. Uniform Mortgage; Goveming baw; Sevezability. This fortn of mortgage combines uniform covenants
<br /> d for national use and non-uniform covenants �vitli limiteci ��ai•iations Uy jurisdietion to eonstitute a nniform secu-
<br /> � � rity instrument covering real property. This \Sortgage sh� ll be governed by the law of the jurisdiction in which
<br /> ° - the Property is located_ In the event that any provision or clause of this Jlortgage or the Note conflicts with
<br /> � �i applicable law, sucli conflict shall not affect other provisions of this \4ortgage or the Note which can be given
<br /> ? effect without the conflicting provision , and to this end tl�e provisions of the .l2ortga�e an<i the Note are declared
<br /> � to beseverable.
<br /> � + 18. Borrower's Copy. Borrower shall be furnislied n conformed copy of this Mortgage at the time of execu-
<br /> � tion or after recordation hereof .
<br /> � � 17.; Transfe: of the Propezty; Assumption. If sll or any part of the Property or aii interest therein is sold
<br /> or transterred by Borrower without Lender's grior writ.ten consent,, excluding (a ) the creation of a lien or encum-
<br /> � brance suUordinate to this \4ortgage , ( b ) the creat,ion of a purchase inoney security interest fox l�ousehold appli-
<br /> i �nces, (c ) a transfer by devise , descent or by operation of lz��• upon the death of rs joint tenant or (d ) the, grant of
<br /> � any leasehold interest of three years or less not containing an option to purchase, Lender mav , at Lender's option,
<br /> '; declare ull the sums secured by this 1lorigage to Ue immsdiakely d �e .�nd puyable. Lender sl� all have waived such
<br /> p option to accelerate if, prior to tl�e sale or trunsfer, Lender and tl�e person to whom thc Property is to be sold or
<br /> ' transferred reacl� a.greeinent in writing tliat the credit of suc1 � person is satisfuctory to Lender and that the interest
<br /> � payable on the sums secured by this :�Sortgage shall be at such ratc as Lender shall request_ If Lender has �vaived
<br /> x � the option to accelerate provided in this paragrapL 17 and if Borrower's successor in °interest has exeeuted a writ-
<br /> � { ten assumption agreement accepted in writing b,y 7,ender, Lender shall release Borrower from all obligations under
<br /> I this Mortgage and the Note.
<br /> �: If Lender exercises suclr option to accelerate, Lender shall :uail Borrower notice of acceleration in accordance :
<br /> , � �vith paragraph 14 hercof. Suc}� noiice slialt pro��idc a period of no6 less tliaii 30 d:�ys irom tl�e date the notice is '
<br /> i mailed within wl�ich I3orrower may pay tl�e sunzs declared due. If Borrower Sails to psy such sums prior to the
<br /> '; expiration of such period , Lender may, without furtlier noticc or dernand on Borrower, invoke any remedies per-
<br /> ; mitted by paragraph 18 hereof.
<br /> � i��ox-UxrFoa.ri CovF, xnrTs. Borrower and Lender furtl� er covenxnt and ag•ree as follo�vs : '
<br /> �' 18. Acceleration; Remedies. Except ue pro�•ided in . � >aragruph T7 licreof , us�on Borro�ver's breacU of any L
<br /> , covenant or �greement of Borrower in Yhis 1lortgr�ge , including tlic covenants to I�ay �i�hen due any sums secured
<br /> e by this �lortgage, Lender prior to acceleration sliall muil uoticc to I3orro«�er ns � >rovided in pnr,agrapl� ] 4 liereof
<br /> { speeifying : ( 1 ) the breach ; ( 2 ) tlie fiction rcquired to cure such breach ; j3 ) a datc, not less thnn thiity days
<br /> � � froni the date the noGice �is mailed to Bon•o�vcr, I ,y �r ]iicL such t �rcacPi umst be cw•ed ; and� (4 ) tl�� at failwb to� cure
<br /> such breach on or befom tl�e date �pecified in tl�e notice may result in ucccleration of tl�c suine secured by this
<br /> 1VIortgage and sale of the Property, If the Ureach is not cured or: or Uefom thc dat.e specified in ilie notice, Lender
<br /> ° at Lender's option may declarc all of tlic su � ns seeured by t6is \fortguge to i>e immediatcly due 3nc1 payable
<br /> � without further demand anci �Yiay foreclose tLis liortgnge b�� judicial proceedii�g. Lender shall tre entitled to collect
<br /> ' � : in sucli proceedin� all expenses of foreclosurc, including , hut not limited to , cost.s of docuinentary evidence ,
<br /> � - abstracts and tit,le reports.
<br /> 19. Borrower's Right to Reinstate. 1'otw•ith.tanding I ender ': acceleration of the sumc secured by this �
<br /> � Mortgage, Borrower shall have the right to hnve aiYy I�roceedm �s hegun by l.ender Yo enforcc this Mortgage dis- �
<br /> continued at any time prior to entry of a judgment enfoTcing tliis �lortgage if : ( a ) Borro�rer pays Lender sll
<br /> �, sums which would be then due under this ltort.gage , t1�e I�'ote and notes seeuring I'uture Ad�•ances , if any , tiad no
<br /> j acceleration occurred ; ( b ) Borrower cuTe; all }zrr.achea of any otl �er r. ocen,�nts ur a�rcements of Borrower con- i
<br /> t tained in this Mortgage ; � c ) Borrower pays all reasonahl� e� i�cnce� incurm�i hv T ,�ndrr in enforcing the co�•enants ;
<br /> und agreements of Borrower contained in this �Sortga�;e snd in enfbi•aing 7,cnder'� remedies ztis i�rovided in �iara-
<br /> � . i graph 18 hereof, including, but not ]imited to, reasonable :�ttorney's Pee� ; and ( d ) Borro�ver takes such action as
<br /> ' t Lendei 'may reasonabiy iequire to assure that the lien ' of thi. \lortguge, Lender 's intemst. in the Property and
<br /> • s ' Borrower's obligstion to pay the sums secured b,y t.his 11ort�sge �hall coniinue unimpnired : LTpon such payment
<br /> and cure by Borrower, this Mortgage and tlie ohligntions .ecured hereb}• s1�a11 remain in full foree and effect as if M ,,� � `� : '.
<br /> ' no acceleration hsd oceurred.
<br /> 20. Assi �'<
<br /> �, gnment ot Reats; Appoiutmeat of Raceiver; Lender in posseasion. �s additional security l�ere- i � � .
<br /> under, Bor;ower hereby assigns to Lender tGe rents of the Property, p!•ovided t}iat Borroii�er sliall ; priorto acceler- i `s�,
<br /> ation under paragraph 18 hereof or' abanc3oranent of tl�e Property, huvr. the right to collect ancl retain such rents � a
<br /> ' as they, 6eeome due and payable. t ,,,, .
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<br /> Ujion accelpration uascter t�aragra�i!* I8 I;ereo: or ahandanir_ent a. thc l'ropErty� , Len<ter , in } �er�un., Lv ageui
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<br /> '• or Uy judicislly a���ointe�i rnceivpr shall he entiHec� to enter uron , twlce pnsscssion of nnd managc tLe Property .
<br /> and to collect the rents of the Property , including ,t,hose nast. daae, All a•ents collecteci by Lender or the receiver '�
<br /> shsli be appiied' first to payment of the costs of managementof t3ie Property and collection of rents , including, but
<br /> not limited tp, receivez's fees, premiurns on scceiver's bond� and rensonable af.tornev '. fe�s: . an�i th�n t � th? Fnm �
<br /> secured by this Mor#.gage. Lender and tlie receiver shall be liahle to account only for thoce i•ents z� ctuxlly received .
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