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<br /> not extend or postpone the due date af flie uiontl�ly inst:tllinents referred to in paragraphs 1 und 2 hereof or
<br /> change the umount of :sucli installnients.
<br /> '10. Bor;ower Not Released. �xtension of the time for pa,yrnent, or inodification of amortization of the sums
<br /> secured by this 1YTort�age gra�ited bv I,ender to an,y �uccessor iu ' ititerest ot Borro���er shall not operate to release,
<br /> in any manner, the liability of tlje originnl ]3orro�ver and 13orro�vcr :s successors in interest. I.ender shall not be
<br /> required to commence j?roceedings agaii7st suclf successor or refuse to extenii time for payivent or otherwise modify
<br /> ainortization of the sunis secured I�y tl�is llortgage b�� reasa� vf ainy demand made �y the original Borrower and
<br /> � Barrower's suecessors in interest. '
<br /> 11 . . Forbearance by Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy
<br /> hereunder, or otherwise afforded by a�plicable la�t�; shall not iae a ryai-✓er of or preclude the exercise of any right
<br /> : or remedy I�ereunder. The procui•ement ; of insurt�nce or tl�e �ia,vment of taxes or other liens or charges by Lender ; ' ' . ..
<br /> � - shall not be a �vaiver of Lender's right'to acceler;�te tSie maturity of tl�e indebtedness secuTed by this Mortgage.
<br /> r j � 12. Remedies Cumulative. All rernedies provided in this \4ortgage are distinct and cumulative to any other
<br /> �..� right ar remedy under this \Iortgage or aftor�led bv la��• or equiiy , and may be exercised concurrently, in�epend-
<br /> # s ; �,,� entIy 'or successivei,y. , ;
<br /> � 13. Successors and Pissigns Bound; joint cmd Sevezal Liability; Captions. Ti�e covenant� and agreements ! '
<br /> ' � herein contained shall bind , and the rights hereunder st�all inure to, thc respective successors and assigns of Lender'
<br /> • � and Borrower; subjecL to tlie pirovisions of paragraph 17 hereof. :'�ll covenants and agree�uents of Borrower shall ;
<br /> ; ; '�' be joint e�ud several: Thc ca7�tions snd lieadings of the l�aragrai�hs of this \4ortgage are tor convenience only and
<br /> ^ sre not to be used to interpretor define the pr�visions liereof.
<br /> ` 14. Notice: Any notice to Borroc�•ei� providecl for icr tlns �lortg:�ge shatt be gio�en t�y maiting suct� notice �iy
<br /> i ^ certified mail addressed ' to Borrower at t6c Pro�iert,y �cidres: siaied belo���, except for any notice required under
<br /> paragraph 18 liereof to be given t.o Borro�rer in the mttinner pirscribed by rt�a��lical,le law. An�• notice provided
<br /> 7 for in this �Sortgage shall be deen�ed to havc been gi��en to I3orro�+•er �vhen given in tIie matnner designated herein :
<br /> 15. tJnifotm Mortgage; Governing Law; Severability. Thi� torru of mortguge combines uniform covenants
<br /> � for national use and non-uniform covenants rvith limited vuriations by jurisdiction to cor�stitute :� uniform secu-
<br /> ± rity instrun�ent covering real property. This \Iortgage shall be governed by the law of the jurisdiction in which
<br /> i the Property is located: In the eveni that any provision or clluse of this �lortgage or the Note conflicts with
<br /> f � applicable law, sucli conHict shall not affect other provisions o( tliis \Iortgage or the I�Tote which can be given
<br /> effect without tlie confticting provision , and to Lhis end the provisions of t.l�e �Iortgage and the Note are declared
<br /> ' ' :{ , to be severable.
<br /> ` ? 16. Bonowei s Copy. Borrower shnll be furnished :� conforn�ed co v of this �lfort �
<br /> p„ �,age at the time of execu=
<br /> � tion or after recordation liereof.
<br /> 17. Transfez of the Pzoperty; Assumption. If all or any part of the Property or an interest tlterein is sold
<br /> s or transferred by Borrower without Lender's prior written consent , excluding (a ) the creation of a lien or encum-
<br /> p brance subordinate to this \4ortgage, (b ) thr. crention of a ��urehase money security interest for household appli-
<br /> ?; nnces, (c) a transfer by devise, descent or by or�eration of Izi�r upon t,6e death of a joint tenant or (d ) the. grsnt of
<br /> q ' a:�y leasehold interest of three years or less not containing an opt.ion to purchase , Lender may , at Lender's option,
<br /> ;� declare all the sunis secured by this �Sortgage to Ue iminediately due and pu,yabie. Lender sl�all have waived such
<br /> f optioir to acaelerate if, prior to the sale or transfer, Lender aud tl�e person to whom rhe Property is to be sold or
<br /> � transferred reach agreemenL in wTiting tiiat the credit of sucl� person is satisfuctory to Lender and that tlie interest
<br /> .t pay�ble on the sums secureci by this \lortgage shali be at sucl� rate as Lender shall request. If Lender has wnived
<br /> � the option to accelerate provided in this paragrupli 17 and if Borrower's successor in interest l�as executed a writ-
<br /> ten assumption agreement x�ccepted in �vriting by Lendei•, Lencier sUall release Borro��•er fr�m all obligations under
<br /> c this Mortgage and the ATote.
<br /> � If Lender exercises sucl� option to accelerate, Lender shnll �iiail Boi•rower notice of acceleration in aecordance
<br /> H � � � with � paragraph 14 hereof. Sueli nof,ice shall }�rovide a period of ���t. le,; t,hun 30 � days firom t�he date the notice is
<br /> .i mailed within whicli Barrower may p� y the sun�s declared duc. lf I3orro���er fails t,o psy such swns prior to the
<br /> `,f „ expiration of such period, Lender may, �vitliout further noticc or ricciiand on E3orro�ver, invoke �ny remedies per-
<br /> � mitted by paragraph 1S hereof.
<br /> " � \'ax-LJxiFoa.na CovFxnrTs. Bori•o�ver and Lender furtl�er coveilant and ag•ree a� folla��-s :
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<br /> , IB. Accelezation; Remedies. Except as pro�' idec{ in �,�u-x�gra� ilr 17 h�,reof , upon 13orro�i�er's 6reach bf uny
<br /> " � ` � � � � covenant or agreeinent��'of Borro���er � in ftiis '�ioi•igagc, iucludiu� the cove��ar�Cs� to pay ���6e❑ duc �ny suins sectiireci
<br /> � by this �Iortgage, Lender ��rior to :acceler.ation �l�ul ! muil notice to Borro��•cr sc proaiiied iti paragrapli 14 liereof
<br /> � speci{y�ing: ( 1 ) the breacli ; (2 ) t-lie nction required to cure such breiirli ; �3 ) a da�e, l�ot ]es, tlian thirt.}e days '
<br /> F Srom the date tlic noticc is �nxiled to 13urro�ver, I >�� ���hich �uch tarcach must be surecl ; �iid ( 4 ) that f�iilurc io cure
<br /> ;w such hreach on or before i2ie date specified in the ziotice uiay result in ucceleration ot tl�e swns secured by tl�is
<br /> = biortgage and sale ot the Pro�>erty. IF the breacli is not. cure<i on or before the dste s�ecified in t,1ic notice, T.encler
<br /> at Lender's option �i�ay <leclarc all of the sums secured by this \lortguge to be immediatcl}• �3ue ;ind ��3yablc
<br /> � without further demand anci ma foreciose tliis .11ort z c bti� udicial �roceedin Lcnder sl�nll bc entitled t.o col]ect
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<br /> i in sach proceeding all expenses of foreclo;ui•c , iiicluding, btnt �iot li�uited to, co;ts of docuuientarv evidence,
<br /> $ abstracts �nd title i•eports.
<br /> ' 19. Bosowei s Right to Reinstate. 1'otw•itl�standing Lendei'ri accelerution o{ tl�e sun�s secured by this
<br /> ` Mortgage, Borrower shall have tlie right to ha�•e any proceedings k�egun by Lcmder to enforce this \fortgage dis-
<br /> ? continued at any time prior to entry' of u judgrsient enfoxcing tliis 11ort�age if : Ia3 fiorrower pays I,ender all
<br /> � sumswhich would Ge then due under this �lortgage ; thn �'oie zmd notes securing I�'utw•e Advances , if any, lrad no
<br /> � acceleration occurred ; ( i�) Borroa•er cures all breaches of :�r»� other cocenants or anrcements of Borrower con-
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<br /> tained . in this Mortgage ; ,(e ) Borrower pays all rensonal�le espense� incurred tn• I_ende�r in enimrin�; the covenanis
<br /> a and sgreements of Borrower contained in t.his :��iortguge and in enforcin�; I.en�ler's remedies as provided in para-
<br /> graph 1$ hereof, including, but not limited to; rcasonable atiorney 's iee, ; and Id ) Borro�ver tskes such action us
<br /> ; Lender may reasonably ' requireto assure that the lien of this llortgage , ].ender', interest in the Propert�� and
<br /> i Borrower's obligation to pay the sums secure<I by this �Iortg� e;e �l�ull continuc unicu7�aired . lipon such paymeni, '
<br /> and cure by Borrower, this Morfgage and the obligation� .ecured hereby .�h:�ll remain in futi force and effect as if . z.�
<br /> ' no acceleration had occurred. � .,, , ,
<br /> w 20. Assiyameat of Reat�; Appointment of Receiver; Lender in Possession. 3� additional seeurity }tere- �`� �! y �-
<br /> " ; ' under, Borrower i�ereby assigns to" Lender' tl�e rents of the Yropert�•, pro��ideci diat Borro��•er shall ; prior to acceler- wt
<br /> , .� atioa under paragraph 18 hereof or abandonment of the Property, havc tlie right to croliect and retain such rents ";, �� '
<br /> " - > ", ss they become'due and Payable. ' , -,��
<br /> p Upon acceleration under paragraplY 18 hereof or alian�lonment bf the Yrorea�r}• , T.enrder ; in I�nr�vn , hp agvnt " ' `
<br /> ` ' or by judicasll,y sppointed receiver shall=be entitled tu enter upou , (ake possesviun of xnd �uanxr�e t,hr Proz�erty
<br /> ? ' and to,.collect 3�he rents of the Property, including those 7>ast due: �li �•ents collected by I.ender or the receiver `� .
<br /> shall be spplied!first to payment of the oosts of anans�ement ot t:he Propert_y ancl collection of rents, including, but
<br /> not limited tq receiver's fees, premiums on mcei��er's bonds snd ressonable attorner's fee�, and then to the smns
<br /> secured by ihis Nlortgage. Lender and the receiver shall �e liabte to account only for tt�ose rents actuall� received .
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