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<br /> ' uot extend or }�osf.pone t.lie due dnte of - tlie inontlily inctalhzients i•eferred to in paragraphs 1 and 2 hereof or
<br /> ehange 'the a�nount of such installments . '
<br /> ; 10. ! Bozrower Not Released. Lxtension of tlte tiine foi' pavment or modificstion of amortizatioa of the sums
<br /> secured ;,by this �Zortgage granted b,y I;ender to tiny euccessor in interest of Borrower shuIl not .operate to release ,
<br /> in uny `,n�anner, the liak�ility of tlie original I3orro�ver :�nd I3orrnwer °� successors in ic�b�rest Lender shall not be
<br /> � required to coxnnience proqeedings ugainst sucli successor or reiusc to extend time for payment or ott�ercvise modify
<br /> � amortization of the sums 'secured F�y tl�is \Tortga �e hy reason of any�? ciemnnc{ made by tlie original Borrower and
<br /> ' Borrower's successors in interest.
<br /> • t 11. 'Forbeazaince ' by Lender Not a Waivea Any forbearanec ; by Lender in exercising any right' or remedy
<br /> � ,� hereunder, or otherwise afforded by applicable Iativ; sl� alI not be a tvaiver of or preclude the exercise of ` any right t` -
<br /> � or reniedy hereunder. The procureinent of insurance or f,lie p�.yment of taxes or other liens or charges �y Lender
<br /> � � shali not be � w.aiver of 'Lender's righ� to accelerate tl�e maturity of tl�e indebtedness secured by this Mortgage.
<br /> 12; Remedias Cumulative. '_�II remedies provided in tdiis \lortgage are distinct and cumulative to any other
<br /> � � �'` rigllt ar' remedylunder tliis \Iurtgage or affordedlaV la��• pr equic,y, snd rnay� bc exercised concurrently ; independ-
<br /> � ; �� enLly or �uceessively.
<br /> � � 33. Successors and Assigns Bound; Ta�t and Several Liability; Captions. The coc-enlnts and agreements
<br /> � � herein contained shall Uind , and the rigl�ts i�ereunder sl� all inure to ; the respective successors aud assigns of Lender
<br /> � � and Borrower, subject to the provisions of paragrapli 17 hereof . Alt covenants and a�ree�nents of Borrower sl�all
<br /> a . � �'1 �e joint �nd several. The captions t�nd lieadings of thc paragra �>hs of tl�is �lortgtsge hre for convenience only and
<br /> � are not to be used to interpret oi• define the provisions liereof.
<br /> ' � I4. Notice.' ` Any notice to Borrower provided foi in fhis llortgage s [init be given �y maiting such notice by
<br /> ' - ' " ' certified mail addressed to Borrower �.t the Yropert.y A �ldress �tated bclow , except for any notice required under
<br /> � paragraph 18 l� ereof to l�e �,iven to I3ori•o�ti�er iu tl �e manner prescribe�i by <applicahlc li��r . Am� notice �rovided .
<br /> c j Sor in this �3ortguge shall be deemed to l�a��c l�een gi��en to Borrower �3� hen given in tlie manner designated lierein . ;
<br /> 15. Unifozm Mortgage; Governing Law; Severability. Tl�is f'orm of mortsage combines uniform covenants
<br /> � � fornatipnal use and non-uniform covenants �e•itl� limiteii variations by jw•isdiction Lo constitute a uniform secu-
<br /> : � rity instrument covering real proyerty: This. \1ort.gage shall bc goverired by the la�v of the jurisdiction in which
<br /> , � the Property is located . In the event that any provision m• clausc of this Viortgage or the Note conAicts with
<br /> applicable law, sucl� conflict shall not affect other �n•ovisions of this \iortgage or tl�e I�Tote which can be given
<br /> � effeet without the con�icting provision , nnd to this end the provisions of t.he �fortgage and the Note are declaTed
<br /> , � to be severable. ;
<br /> 16. Bonowet's Copy. Borrower shall be furnished a conformed copy of this Alortgage at the time of execu- ,
<br /> � � tion or after recordation l�ereof.
<br /> J � . � 17. Transfer of the Property; Assumption. Ii all or any part of the Property or an interest therein is sold �"
<br /> or transferred byBon•ower without Lender's prior �vritten consent, excluding ( a ) the creation of a lien or encum-
<br /> . � brance subordinate Co tY� is \4ortg�,ge ; ika ) tl7e creation of a purchuce anoney security interest for l�ousehold appli-
<br /> ances, (c) a transfer by devise , descent or by operation of la��• upon tl� e deat{i of a joint tenant or ( d ) the grant of
<br /> y any leasehold interest of tl�ree years or less not containing an option to purcl� ase , Lender may , at Lender's option ,
<br /> . � declare all the sums secured by this Mortgage 'to be immedi�tely due and pnyable. T.ender shall hn��e wni�-ed such
<br /> `option to accelerate if, prior to the sale or transfer , Lender aiid Uie �ierson to �ehorri tlie Yroperty is to ue sold or
<br /> transferred reaeh agreement in �vriting that the credit of sucli person is satisfactor}� io Lender and that the iriterest
<br /> payable on the sums secured by this VLortgage shall 11e at sucl� rate as Lender shall request. If Lender l�as waived
<br /> the option to accelerate provided in this paragrapl� 17 and if 13orrower's successor in interest has executed a writ-
<br /> ten assumption agreement accepted in writing by I,ender, Leniier shall release Borrower from all obligations under
<br /> this Moztgage and the Note.
<br /> If Lender exercises sucli option to accelerate , Lender shsll rnail Boi•rower notice of acceleration in occordance
<br /> rvitli paragraph 14 hereof. Such notice shall provide a period of noi less than 30 days from the date the notice is
<br /> r� inailed within which .l3orrower may pay the swns declared due. If I3orro�aer isils to pay such sums prior to the
<br /> expiration of such period , Lender may, �vithout further notice or �iemiind on I3'orro�ver, invoke any remedies per- ,
<br /> � mitted by paragraph 181iereof.
<br /> • y i�tox-LTxzFoxnt (,ovExw:.� Ts. Bcsrro ��-e �• and 1.e�ider Yurt.lier coveizant an�3 agree as follon•s :
<br /> : � 18. Aceeleration; Remedies. Eseept as ��rovided in � �aragraph 1 i here.of , upon Borrower's Bresch of any
<br /> ; j covenant or ag�eeu�enG of Borro�ti�er in tl� i� \lortgagc , including thc covenants to pay ���hen due any sums securefi
<br /> ; by this ;�lortgage, Lender �� rioi• to acceleratimi �ha31 miiil nol. icc to BorT•o�ver .xs provirted in ��aragrupli 14 l�ereof ,
<br /> specifying : ( 1 )` the breach ; (2 ) the nction icquired to ew•c sucl� hreacli ; 131 .� date , not lcss than Yhirty days
<br /> � �roxn the date thc notice is nrailed ' to I3orro�� c,r, bti' ��'hic6 �ucli bre;ich n� ust br cwrd ; and ( 4 ) tl� ut fuilw•e to cure
<br /> such breach on or before tl�e date s��ecified in tLe notic� �nay resiilt in � cceleration of tl� e sinns secured by this
<br /> � �iortgage and sale of the Property . If tl�e breach is not cured on or befoz•e the date specified in tlie notice , Lenc�er
<br /> '" � at Lender 's opLioi� n��y declssrc r�il ot tl�e nuuis aecw�ed Uy tl � is �lortgagc t.o be iimnedi � tEly due and payable
<br /> ; � vcitl�out further iiemand and may foreclose tl� i: JIort�nge lfy ,judicial proceeding: Lender shxll be entitled to collect
<br /> , in such proceeding all expenses of foreclosui•c ; inclucting , but nut liiiiited to , cosLs of dc�cumentai�� evidence ,
<br /> abstracts and title reports.
<br /> ' , � ' 18.' Boaowais Right to Reinstate. 1otK�ith.tanding T.ender's ucceleration of the ,um� hecurc:d by this
<br /> Mortgage, Borrower shatl have tl�e- right to have ssny proceeding� begun by I..enciM• to enforce this :14ortgage dis-
<br /> ' � continued at any time prior to entry of a judgment enfoz•cing this \Iortg�ge if : ( a ) Borro��-er pays i:ender all
<br /> sums which would be then due under tl� i� AIortgage , the Note and not.es ceci�rin� ruture Ad�•xnces, if an�; had no
<br /> � _ acceleration occurred ; " ( b ) Borrower cures yll breaclic.. of any other covenant , a• :�gree�nents of Borrower con-
<br /> p tained in this Mortgage ; (c ) Borrower pitys �ill rea.�onnlil� es�x n�es inctirred h�� i .ender in enfnrcin� the covetiant,s
<br /> , � -and agieements of <Borrower contained in this \ lortguke and � n enforcin� Lencler 's remedies as �>rovided in para-
<br /> ,� a graph 18 hereoT, ineluding, but not limited fo, reusonable attornevs iec� : und Id ) Borrower takes ,uch action as
<br /> ' 3 Lender may reasonably require Eo . assure that the ' lien of th�� \Iartgage , Lender's interest in the Property �nd
<br /> ' Borrower's obligation to pay the sums secuTed t�y thi� \ Iort�a�e �heill c�ntinuc unin�paired . iipon such psyment
<br /> , . q and care }�y $orrower, this 1\4oitgage and the obli�*ations secured l�ereb�• ;�hall remain in full force and effect as if ' . � �;
<br /> no acceleration had occurred. ry - �4yw,
<br /> i 20, Aesigament of Reats; Appoinfineat of Receivez; Leader in Possession. As additional security here- �� -
<br /> , � under, Borroryer hereby ass3gns to Lender tt�e rents of the Prope� t �• , }n•ovicled fhat }3orrower shall ; prior to aeceler- �'�
<br /> ation under paragraph 1S ' hereof or abandonment of the Pma�erty, h�,z c the right ta collect and retain such rents � '� �r
<br /> ? as they biacome dve and payable. ` � ;�
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<br /> _ , � Upp� acCeleratio:z u�ile: ITarabrrap?� l8' liereof or ahandbnm�nf o � tl:e Yro�zenl• , Lcrder, :r. j�crso^ , G�,• a�cr,t �" "
<br /> or by ju�acifflly appointed receiver ahall he entitlec? to entr. r upon , ta4e Posses�ion of anci manY�e thc Yropert�*
<br /> ! and to cullect the ren#,� ofr the Propert� , including those past due. All i•ent.s collect,ed l�y Lenc�er or t,3ie receiver ^� V
<br /> , , ; shall be applied fiist to payment of the costs of naana�ement of the Property and collecti �n of re�rts , including, hut
<br /> notdimited toj receiver's fees , premiumson rceeiver's uond:: and x•casonable attorney 's fees . and tt�en to the sums
<br /> secured by this Mortgage: Lender and the receiver siiall be liul>ln to account onh� for tlio�e rentc actunlly received .
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