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<br /> isot extend or ��ost,ponc the -due date of the - montlil�- installments ' referred to in paragraphs 1 and 2 hereof or
<br /> change the amount of sucl� instsllments.
<br /> ;' 10. Boirrower Not Releasad. �xtensiov of the tiine for ��a�,ynient or modificat,ion of umartization of the sums ; I ' , ,.
<br /> seaured by tl�is _llprtgage grsnted bv I.ender to any successor in intere:st of Borro�ver s��all not operate to release,
<br /> in any ma.nner, tl�e lia �ility of tl�e originai 33orro�ver und -I3orrowei's successors in interest: Lender shall not be � � '
<br /> required to commenee proceedings against surh successor or refuse to extend time for payment or otherwise modify ,
<br /> amoTtizatian of the sun�s secured by this _liortgage b�- rea�o�i of a�iy demand macie by the original Borrower and
<br /> � Borrower's successors in interest. ? k -.
<br /> ' 11 . Fozbearance by Lender Not a Waiver. Auy forbearancc by Lender in exercising any right or remedy � :
<br /> ; herevnder, or otherwise afforded by npplicable Ia��� , shall not l�c a �vaiver of 'or preclude the exercise of any right
<br /> ' ! ' or remedy hereunder. The iirocurement of insurance m• the ��ay�neiit of taxes or other liens or charges by Lender ' -"
<br /> a shali not be a waiver of Lender's right tb accelerate the mai,urity of tl�e indebtedness secured by t1�is Mortgage.
<br /> � 12. RBmedies Cueaulative. ; All retnedies provided in t.l�i� \?ortgage are distinct and cuniulative to any other �
<br /> s right ox remedy under this 14ortguge or afforded hy lati�• or equity , 'and may be exercised concurrently;' independ- : ' :
<br /> i � entiy or successively. > ' �
<br /> 13. Successors aad Assigns Bound; Joint and Several Liability; Captions. Tl�e covennnts and +agreements �
<br /> �' herein'contoined shall bind , and tl�e rigl�ts hereunder shall inure to; tl�c respective successors and assigns of Lender
<br /> ? �9 und Borrower, subject to the provisions of paranrciph 17 liereoL all coventints and agrecments of Borrower sliall }• ;
<br /> �--'� be joint and several . The captions and iieadings nf tl�e paragrap6s of thi� 1Tortgage are for convenience only ' and �
<br /> � . a ` = nre not to kie used to interpret or define tlie provisions hei•eof. Y ' ' " '
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<br /> � 19. Nofice. A�zy notice #o Borrosaei• f�rovideci foi- in tltis _ll �ctgage sl�nll be ' gii�e�i Ly� iz��iling sucli natice b3�
<br /> � ; � certified mail addressed to Borrower at tt �c Property ?,ddress 5tated belo�c ; except for uny notice required under , : .
<br /> � paragrttiph 18 liereof to be given to Borrok-er in the rnanner prescribed by applicublc law : Any notice provided i, 1 '
<br /> for in this 1lortgage shall he deemed to liave bcen gioen to Borro«•cr �ti•l� en gir�en in ihe mannei• designxted herein.
<br /> 15. Unitorm Moxtgage; Goveming Law; Severability. This form of mortgage comk�ines uniform covenants 4- ' !
<br /> forpational Use and non -uniform covenants �vitl� limited variaCions by� jurisdiction to constitute a uniform secu- "
<br /> rity instrurnent covering real property. This \iortgage shall t>e governed by the law of the jurisdiction in which ' �
<br /> the Propez-ty is located . In the event that any provision or clause ot tGis �Zortgage or the I`Tote conflicts Evith E . -
<br /> applicable Iaw, sucl� conflict shall not affect other provisions of this iiortgage or the Note which can be given
<br /> � ' effect without the confticting provision , and to this end tlie provisions of t.he .17ortga�e and the Note are declared {" '
<br /> = to be severable: � '
<br /> � 16. Borrower's Copy. Borrower shall bc furnisl�ed .� conformed copy of this �4ortgage at the time of' execu-
<br /> < tion or aftez recordatior_ hereof.
<br /> = 17. Transfez of the Property: Assumption. If s1I or any part of tlie Property or an interest therein is sold
<br /> � or transferred by Borrower without Lender's prior written consent , excluding ( a ) the creation of n lien or encum-
<br /> i
<br /> � ;: ; brance subordinate to this biortgage , ( b } the creation of a purchase money security interest for household appli- ;
<br /> � ances, ( c) a transfer by devise, descent or by o��eration of In��� upon the death of a joint tenant or ( d ) thegrant of
<br /> � any leasehold interest of tl�ree yesrs or less not containing fin option to purchase , Lender may , at Lender's option,
<br /> ; declare all Llie sums secured by th9s DSortgage to be i�umediate3y duc and }�ayable. Lender shall have waived sucb
<br /> " i aption to aacelerate if, prior to tlie eale or transfer, Lender and the person to wliom the Property is to be sold or
<br /> x Lransferred rench agreement in �vriting that the credit of sucl � person is satisfactoty to Lender and that the interest
<br /> ' # ' payable on the sums secured by this :blortg�;ge shall be at such r� te as Lender shall request: If I,ender has wnived
<br /> � the option to accelerate provi3ed in tt�is paragraph 17 and ii Borro�vei's successor in interest l�as executed a �vrit-
<br /> �' ten assumption agreement accepted ia writing by I..ender, Lendershall release Borrower iroin sll obligations under
<br /> 3 tliis Mortgage and the Note.
<br /> If Lender exercises such option to accelerzte, Lender shall enail Borrower iiotice of acceleration in accordsnce
<br /> tivith paragraph 14 hereof. Such notice sl�ali provide a period oi not less tl� an 30 days froiu the date tlie notice is
<br /> , � mailed �vithin �vhich Borrowei• niay ��ay the sums declaired due. If 33orrower fails io pay sucli sums prior to the
<br /> expiration of such period, Lender m:�y , «�itliout furtlier notice or �{emand on I3"orrower , im•oke any remedies pei�-
<br /> ?.; mitted��by� paragraph 18 hereof. � � � � � � � � � �y
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<br /> Nox-UxiFosM Cov$xaxTs . Borro�ver and Lendei• fui•tl�er cn �•euant and ag•i•ee as follo�vs :
<br /> ! I8. Aeceleration; Remedies. ExceF�t, as provi�te<t iq � �:11'fl�l'il� 1� l 17 liereof ; upon 73orrower's bre.tch of any
<br /> covenant or agreenient of Borro�i� er in tl � is 3lortgzgc ; inr]�ding tiic covenants to ��ay when due any sums �ecured
<br /> :by this �lortgage , Lenc�er prior to ncceleration a6ull uiaiii noticc to Borro�ver as procidcd in paragrapli l � hereof
<br /> �, speeifying : ( 1 ) the brexch ; (2 ) the ni•tion required to curc �ucl � I�reseL ; { 3 ) n d �to, not less U�a�? thirt,y days
<br /> i: : from the date the notice is maileci to 13orro�rer, b�- ichicli �uc1i isrcach uiust t�e cured ; und (4 ) lh �ib failuiro to curn
<br /> 4 ' such Ureact� on or beFore ihe date specifie<I in tLe noticc may result in acceleration ot tl�e su�n� secured by this
<br /> 34ortgage snd sale of tkie Property . If tl�e breuch is not, ccu•ed on or befw•c thc date specificd in t.lie not.ice, Lender
<br /> � at Lender's option inay declarc all of the �uuis secured 6y this �tortgage to be i�Y� metliately due isnd payaGle
<br /> + without furLher demand and may foreclose this \ Sort,gage by juc� �cial �iroceed 'an�. Lendtr shall be entitled to eollect
<br /> � ; in such proceeding all expenses ot foreclosure, including, but not liinited to , costs of docuinentary ev5dence,
<br /> aUetracts and title reports .
<br /> ` 19. Banowes's Right to Reinstate. \ot�cithstu=xling Lender; acceleration of the su�ns secured by this
<br /> 3�fortgage, Borrower shall have the right to have any jjroceeding� begun by T�ender to enforce this 1toTtgage dis-
<br /> " continued �t any time prior to en#,ry of a judgmenti enfoxcing thi, \lortgage if : Is ) Borrower pays T.ender all
<br /> ? suma which would be then due undeT this 14ortguge; the Note and notes securirGg Future Ad��3�ices, if nny, had no
<br /> acoeleration occurred ; (: U ) Borrower cures all breache. of arn• other co�•en:ints oT• agree�uents of Borrower con-
<br /> tained in this D4ortgage ; ( c). Borrotiver pays al ( reasonuble espc:nses i �icu3•red by Lecider iai eniorcing the covenants
<br /> ssnd agreeinents oi Borrower contained in ci� is \-lortgage and � n cniwring J,endcr's remedies as provided in par3-
<br /> � graph 18 hereof; including, but not limited tu, i�easonat�le attw•ne�-'� fee� ; nnd ( d } gorrower takes sueh act,ion as ;
<br /> : i Lender' may reasonably require to assure that the lien of this �lortgagc , Lender's interest in the Property and }
<br /> Bormwer's oblig�tion to pay Lhe svms secured hy thi� \Iortga�e �i�all continue unirnpaired . Upon such payment
<br /> snd eure by Borcower, tl�is Mortgage and the obligations secured l�ereb}- shal] remain in full force and effect as if �'4;
<br /> no acceleration had occurred. ..
<br /> 20. As�sigameat of Reats; Appointment of Receiver; Leader in Possessioa. as additional secnrity here- �F '� �
<br /> ��x � ,
<br /> under, $orrowerhereby assigns to ' �ender the rents of t13e Property , pi•ovidec� that Borro�i�er shall , r�rior to acceler- e ,N �
<br /> � t :F��
<br /> ation under paragraph 18 3�ereof or abandonrnent o€ the P�ro�>erty , hacc the riglit to collect and retain sueh rents z�
<br /> ' � r as thep,beeome due s�d � �payable. � '� � � � � � � `'� ��
<br /> , Upon acceleration under �iaragrapli 18 I�ereof or sl�andonment of the YroRrertv , Lender, in person . bv agent '� G
<br /> � -:; r ��;
<br /> or, by judicially appointed receiver shall he eiititled to `enter u�on; 'tal�e j�ossession of ` snd inana�e the Propert.p , - - . .
<br /> and to :eollect the rents of the tYroparty, including; those; past due : All rents collecteci , by Lender or tl�e receiver ' " ' �
<br /> shall be app3ied first to payment of the costs of managernent of the Propert,y and collection of rents , including , but
<br /> not limited to, receiver's fees, premiums on recci�•er's hond� and reasonsble attorney 's fees , and then to the sums
<br /> securui by Ll�is SSoitgage. In;sxd�r a.ud I,Lt iCueiver sLall Le liui ,lr tu accuunl onlp ior ihose rents actually received .
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