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<br /> not extend or post.pone the due 'd�te of the mont]ily inst� lhnent � referred to i�i paragraphs 1 and 2 hereof or
<br /> � �- i � change the amount nf sucl� instaliments.
<br /> �� 10. Borrower Not Released. Extensia� o£ tlie time for �rtiy�uent m� �uodificat.ion of atnortization of tl�e aums
<br /> �� secuied by tliis l�fortgage granted by I:ender to any Guccessor in inCerest of Borrower shsll not operate to release,
<br /> -`�+ in any manner, 61�e liability of flye originul Borrowei• und Bori•o��•er'S successors in interest: Lender shal] not be
<br /> ; � �,^ required to oommence 17roceedings against s��ch successor m� refuse to extend time for payment or otherwise modify
<br /> ,- ;: amortization , of the sums seeured by tl�is \lortgage by- rcason of any demancl macie by the original Borrower and �
<br /> r Borrower's successors in interest. ! '
<br /> r 11. Forb'earance by Lendez Not a Waiver. Any forbearanee Uy Lender in exerc9sing any right or remedy �
<br /> ; � � hereunder, or otherwise afforded by applicable ]n�d, shall not I�e a �vaiver of or pi•eclude the exercise of any right ;,
<br /> ; ; or remedy hereundei•. Ttie procurement of insurance or the �>ayinent of taxes or other liens or charges by Lender
<br /> shallhot be a �vaiver of Lender's right to accelerate the maturity of the indebtedness secured by` this Mortgage.
<br /> � 12. Remedies Cumulative: Ali reii�edies provideci in tLis ' 14ortgage are distinct and cumulatiive to any other ` ' "
<br /> ` { rightor remedy under t.his _llortgage or �ffordcri hy latic oi• equity, and m�y ' be ekercised concurrently, independ- `
<br /> ently or succeesively. : '
<br /> 13. Successors and Assigns Bound; Joint and Several Liability; Captions. The covenlnts and agreements
<br /> herein contained shatl bind ; and the rights l�ereunder shall inure to; the" respectivc successors and assigns of Lender
<br /> and Borrower; sul�ject tio the provisions of p� r�grxiph ] 7 l�ereof. AI1 covenants and agreements of Borrower shall
<br /> � be joint and severul . The captions znd headingsbf tlie paralgraphs ot tliiG \ tortgrige are for con��enience only and
<br /> ; ure not to be used to inteTpret or define tGe Provisions hei•eoi.
<br /> , r , 14. Notice. .�ny notic,e to Borrower I�roricied fm• in thi, liortbtzge si»ll be given by mniling sucli notiee by �
<br /> �' certified inail addresseci to Borro�vcr ut the Property Addres; stnted bclo��� , except for any notice required under !. `
<br /> j �ara r� h' 18 hereof to Ue iven t� Borro�i•er in the �nanner nescribed b
<br /> ; ' } � � P 6� 7 y :t�>;�licable law. Any notice provided
<br /> ` for in this 1-Toi�gage shall be deemeii to hacc been gi��en to Borro�ver w}ien given in tlie manner designated herein.
<br /> '_ - 15. ' Uniform Mortgage; Governing Law; Severability. 'Pl�is form of mortgage combines uniform covenants r
<br /> for national use :xnd non-unifonn covenants �vith limited variatious by jurisdiction to constitute a uniform secu- � '
<br /> rity instrwnent covering real property. This �Tortgage shall bc governed by the la�v of the jurisdictioq in which
<br /> ? the Property is located. In tl�e event that any provision m• clause of t.his J�ortgagc or tl�e Note conflicts with
<br /> � applicable law, such confliet shall not affect other pro��isions of tl�is \iortgage or the IQote whicl� can be given
<br /> a effect without t,he conflicting provision, and to this end the provisions of td�e lfortgage and t1�e Note are declared �
<br /> a to be severable. "
<br /> ` ? 16. Borrower's Copy. Borrower shnll be furnished n conformed copy of this Dlortgage at the time of execu-
<br /> tion or after recordation hereof.
<br /> � 17. Transfer of the Property; Assumption. Ii all or any part of the Property or an interest therein is sold
<br /> ; or transferred by Borrower without Lender's prior �vritten consent, excluding (a ) the creation of a lien or encum- �
<br /> brance subordinate to this �Zortgage, ( b ) the creataon of a purchase money security interest for household appli- �.
<br /> ances, (c) a transfer by devise, descent or by operation of la��• upo�i the death of a joint tenant or (d ) the. grant ofy"' � ,
<br /> any leasehold interest of three years or less not containing an optiun to purchase, I,ender may; at Lender's option "
<br /> declare all the sums secured by this Mortgage to be immediately due and payable. I it . ;
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<br /> : If Lender exercises sucli option to accelerate, Lender shall �uaii Borrower notice of acceleration in accordance
<br /> � rvitli p�ragraph 14 hereof. Such noticc s(i�ll pi•ovide a I>eriod of not less th;�n 30 days from tl�e date the notice is
<br /> � mailed within which Borrower may 1>ay the sums declr�red dua If I3orro�ver fsils to pay such sums prior to the
<br /> eapiration of suclYperiod, Lender inay , �vitliout. Sarthei• notic.e. or deivand on Borro�;�er, invoke any remedies per- �
<br /> ] mitted by paragraph 18 liereof.
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<br /> ;, Noz.--UxiFoaaz CovFrrnrTs. Borrower and Lender furtl�er covenant and ag•ree as fo7lows :
<br /> } 18. Acceleration: Remedies. Eseept as �mo�-idect in parugru ��h 17 hereof , u��on Borrower's breach of any
<br /> j covenant or agreement of Borro�+•cr in ihis _ltortgagc, including tLc coven:ints to pay �vhen duc any sums secured
<br /> ` " by t}iis Slortgage, Lencier l�rior to acceleration �hall m.lil notice to I3ori•o«•er as pi•o��idcd in paragr.ipli 14 l�ereof
<br /> � � � � specifying : � ( 1 ) the breach ; {2 ) tlie �tct�ion required Yo cin•c such f>reacG ; � (3�) � a � date, not less tl�an � tliii•t,y � days
<br /> � frorn the date the notice is niailed to I3o�•ro«�cr, by ���liich euch breatch iuust Uc cw•ed ; and ( 4 ) tliat ft�ilui•c to cure
<br /> ?' such bresch on or before the date specified in tLe notice uray result iii acceleration of tlie suw� secured by this
<br /> �Sortgage and sale of the Yroperty. If the breacl� is not cur�.d w� or taefore the date specified in the notice, Lender
<br /> at Lender's option inay declurc all of thc suu�s secured by t.l�is �1orLgage to iae imu�ediately due and payable
<br /> without furtherdemand and may foreclose this �lortga�e hp judiciai procceding. Lender shall be entitle�9 to collect
<br /> in such proceeding all ex{�enses of Poreciosurc, incluciing, but not lin�ited to, costs of docuiiienturv e��idence,
<br /> � abstracts and title reports.
<br /> 19. Bonoweis Right to Reiastate. 1Votwitl�standing T.ender'� acceleratioci of the sumc secured by this
<br /> Mortgage, Borrower shall have the right to have any proceeding; begun by 7.encler to enforce this ;�iortgage dis-
<br /> , �; continued at any time prior to entry of n judgment. enfokcing this \Iortgttge if : (al Borro��•er pa,vs Lender all
<br /> sums whieh wou2d be then due under this \tort�age , thc \'ote and notes securing Future Advancee, if any, had no
<br /> acceleration occurred ; ( b) Borrower cures ssll bre.icl�e, of an}- other co��enantc o1� };gl•nements of Borrower con-
<br /> tained in this Mortgage ; (cl Borrower ��syG all reasonsblc c���ense. incurrcd 6�• 7_endcr in cnforcing tiic covciian,s
<br /> and'agreements of Borrower contained in this 1lorfgage and in enforcing Lender'� reniedies eis provided in para-
<br /> ! geaph 18 hereof, including, but not limited to, reasonable attorncy'� iees ; ynd td ) I3orrotiver takes such action us
<br /> Lender may resaonably require to useure tF3nt the lien of tLis \Iortgage, I.ender's iiiterest in the Yroperty and �
<br /> Borrower s obligation to pay the sums secured b,y t.his �lortgag� .Ga11 continue unimpuireci . UTpon such pay�ment
<br /> and eure by,Borrower, this :Viortgage and the obli�ation: secured hereby shall recnaiu in full force and effeet i�s if s�� a ;'�,'
<br /> no acceleration had occurred. - . �, � , , , n -�
<br /> ' 20. Assignmeat oi , Reats; Appoiutment of Heceivert Lender in Possession.. , As additional security here- ti �- °
<br /> �. ' ander, Borrower hereby assigms to Lender tl3e rents of tl�e Propert�� ', pro�•ided thai Borrower shall ; prior to acceler= �� p;
<br /> �� ation under paragraph 18 ' hereof or abandonment of the Yroperty, h:ivc the rigl�t to colleet and retain such rents '"•` ''� .
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<br /> as they become due and payab]e. w�`
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<br /> � _ L'pozz aCcetemtian under paragraph IS P�ereof c,r alruudumnen6 u[ che Yruperty, Lender, in p�rno� , by ager�t � 9
<br /> or hy judicially appoanted *eceiver sha21 hc entitled to cnter u��on; takc pos�e�oioi� yf xna ivaudge lhe Property ,� ,,
<br /> and Lp collect the renks af the Property, including those p�st due. A.11 rents collected t>�> Lender or the receiver � :
<br /> � shall bespplied first t,o payment of the coats of mairagement of tl�e Propertti and oollection of rents, including, but
<br /> not Iimited to, receiver's fees, -premiu�nti on mc�iver'� hon�i.c anti r�n�onnhle attorne��'s ie« , and thcn te thc sums
<br /> secured by this Mortgage. I�ender and the reoeiver slxall t�e linble to accoimt. on]y for thoce rents actu:tlly received .
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