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<br /> not extei�d or 7iost.pone the due date of the monthiy installments referred to in paragrsphs 1 and 2 hereof or
<br /> ' change the amount' of suclr installments.
<br /> 10. Borrower Not Heleasedr Lxtension of tlie time for pa,yment or modificat.ion of arnortization of the sums
<br /> secured by tliis _l2ortgage grunted by Lencier to an,y successor iu interest. of Borrower shall not .operate to 'ielease, '
<br /> in uny manner, the liability of" the original I3arrower and 13orro���cr's suceessors in interest. Lender shall not 'be
<br /> '. C� required to commenee ]�rooeedings against sucli successoi• oa� refuse to extend t,Sme for payment or othercvise modify
<br /> �y r• aniortization of the sums secured bv this \iortgage by reason of any demanci made by the originaI Borrower and
<br /> Cp Borrower's successors in interest. ` '
<br /> � +� il_ Forbecrance by Lender Not a Waivei. Any forbearance by Lender in exercising uny right or remedy ; , .
<br /> ; , � hereunder, or otherwise afforded Uy applicable la}u, shalf not be u waiver of or pi•eclude the exercise;,o£ any Tight
<br /> ; � or remedy hereunder: Tlie procurement of insurance oi• tl�e payment of taxes or other liens or charges by Lender
<br /> ;' shall not be a waiverof Lender's right to a,cceleratie the matuTity of the indebtedness secured by 'ti�is Mortgage.
<br /> � � "�t 12_ Remedies CumuIative. All retnedies provided in this \4ortgage are distinct and cumulative to any other
<br /> ;, � right,or remedy under-this \Iortgage or nffo: decl by la�c or equity; t�nd ma,y l�c exercised concurrently, independ- ;I
<br /> ently or successively.
<br /> 13. Successozs and Assigns Bound; Jo�t �d Several Liab9litq; Captions. The covennnts and agreements
<br /> ' � herein contained shall bind , and the rights l�ereunder shaU inure to , the respective successors and assigns of i.ender
<br /> and $orrocver, su6ject to the provisimys of ��ni•sgi•uph 17 hereof. All covenuuts and ygrecments ot Borrower sl�all
<br /> < bQ joint nnd several. The ca��tions and headings of the ��artigraphs bf ihis \Iortgage are for convenience only and
<br /> 1 are not to be used to interpret or define tlie provisionc liereof.
<br /> ;' 24. Notice. :�ny notice to Sorrower i>rot-ided For in Eltis _llortg�ge s��alI be �iven tJy ntailing such notice ' by �''
<br /> certified uisil addressed to Borro�ti=er �t thr Yroper[y Address at;ited helo�c, eacept for uny notice requSred under
<br /> f�aragrspli IS hereof to be given to Borrower in the inunnci• prescri }ied by a��plicnble Ia�v. Any notice provided �
<br /> 's: tor in this \4octgage shall be deerned to ha�•e been gi ��en to Borro�rer �vhen gic•en in the manner designated herein . "
<br /> 15. Uaiform Mortgage; Goveming Law; Severability. This form of iiiortgsgc combines unifortn covenants !::
<br /> forhational use and non-uniform covenauts �vitli licniied �•ariations }�y, jurisdiction to constitute a uniform secu- �'
<br /> �;� � � rity ins�truia�ent covering real propei`ty. 7'his \ioi•tgage shall be governcd by f,he law of tlie � jurisdiction in �vhich @;�
<br /> ; the'Property is located. In the eveni tiiat ssny provision or clause of tliis �Sortgage or the Note conflicts with
<br /> ° applicable law, sucli conflict shall not �ffect. otl�er pro��isions of this \lortgage or the Notc whicki can be given ;:
<br /> � effect without thc conHicting provision, and to this encl t,he provisions of t.he \Iortgage and the Note are declared
<br /> to be severable.
<br /> y 16. Bonower's Copy. Borro�ver shall Ue furnisl�ed a conformed copy of this blortgage at the time of execu-
<br /> ` tion or after recordation l�ereof.
<br /> ! 17. Transfer of the Property: Assumption. If all or any part of the Property or an interest therein is sold
<br /> ; or transferred by Borrower without Lender's prior written consent, excluding (a) the creation of a lien or encum-
<br /> brance subardinate to this llortgage, ( b ) the creation of :� purchase money security interest for household appli-
<br /> ances, ( c) a transfer by devise, descent oi• by operation of la��• u��on the death ot a joint tenant or (d) the: �rant of
<br /> i axiy leasehold interest of three years or less not containing zii option to purchase, Lender may, ut Lender's option, � -
<br /> � declare all the sutns secured by this Mortgage t,o Le inunedi� tely due and payable. Lender sl�all have �eaived such '
<br /> ' option to accelerate if, prior to tl�e sale or transfer, Lender aild ihe person to whoni the Property is to be sold or ' '
<br /> ; ' trunsferred reaeli agreeinent in �vritin� tlist the credit of sucli person is sntisfuctory to Lender and that, the interest
<br /> G payable on tlie sums secured by this �Iortgage sliall be at suci � i•ate as I,ender sliall request. If Lender has waived
<br /> ' the option to accele;ate provided in this parugra��h 17 and if Borrower's successor in interest l�as executed a writ-
<br /> i ten assumption agreement accepted in writing by Lender, Lender sttali release Borrower from all obligations under
<br /> this Mortgage and the Note.
<br /> Sf I,ender exercises sucli option to accelerate, Lendei• shall �nail Ba•rower notiee of acceleration in accordanee
<br /> ��- - � � witL paragraph 14 hereof. Such notice shall provide :� periot,� of not lees tlian 30 days from� tlie date �the � notice ��is � i '.
<br /> mailed within which Borrower rnay pay the sums deciared dua If $ orro�eer fails to pay� sueh sums prior to the
<br /> expiration of such period, Lender may , ��•ithout further notice m• �temand on Borrower, invoke any remedies per-
<br /> 3 mitted by paragraph 18 hereof.
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<br /> �< lv'ox-LTxrFoxaz GovEx�+:: Ts. Bori•o�vei� and Lender furtl�er covenant aiid ag•ree as £ollo�+�s :
<br /> '{ 18_ Acceleration; Remedies. Fxcept as pro�-icled in � >arag�:�pli 17 i�ereof, upon F3oerorver's breach of xny
<br /> covenant or agreement of Borrower in this �1m•t�.ige , including thc covenants to pay �ahen du<, urry sums secured
<br /> p by this 1lortgage, Lender prior to zteceleratiuu shall iu.til notiae to Borrower ss �rro�•ided iii paragr� pli 14 l�ereot :
<br /> ; specifying : ( 1 ) the breach ; (2 ) thc astion required to cm•e such hreucl� ; (3 ) a d�te , not ]ess tl�an thirty duys
<br /> � trom the date the notice is mailed to 13on•a���er, bp «-liich �ucL bn:ach must be sm�ed ; and ( 4) that failure to curc
<br /> , such breach on a• before the date specified in thc noticc u�� y result in acceleration of Uie sums secured by this
<br /> A�ork.gage and sale of the Property. If the breach is not cm•ed ot: or before thc date �per,ified in the notice, Lender
<br /> at I,ender's option may declare ull of tl�e sums �ecured by tl�is \lvrtgage to bc i�nincdiaitcly due and payi�ble
<br /> without further demand and �nay foreclose this Jiortg:�ge by ,ii��licial �>roceeding. T.ender shall be entitled to collect
<br /> in sueh proceedin� al1 expenses oi foreclosui•c , inclu�ling, but not limited to, eosts of docu�nentsr�� evidence,
<br /> sbstracis and title 3�eports.
<br /> 19. Boaowei s Right to Fteinstate. '�`otwith,tanding Lender's ncceleration of the sums secured by this
<br /> Mortgage, Borrower shall have the right. to ha�•e any proceedings begwi by T.endci• io enforcc this ylortgage dis-
<br /> contiaued at any time prior to entry of a judgment. enfokcing thia \ Torigxge if : (al $orrower pxys I�ender all
<br /> sums which would be then due under t1�is Jio�tga�e, the :Qote :�nd notes securing Future Ad��ances, if any, ha,d no
<br /> seceleration occurmd ; ( b ) Borrower curee all breache� of :im• other co�•enant� or agreements of Borrower con-
<br /> � tained iz� this Mortgage ; (c ) Borrower pays all reaaonuble espense; incurred by Lender in enfori�in�; the covenants
<br /> and agreements of l3orroKer contained ia this 1lortg.ige and in eni'orcin� I.ender's remedies as provided in para-
<br /> ! , graph 18 hereof, including, but not limited to, reasonable xttorne�� '� iees ; � nct ( d ) Borrower takes such action as
<br /> r' Lender may reasonably require to assure tliat the lien of this \iortgage, Lender's ir.terest in the Property and �
<br /> Borrower's ob2igation to pay the sums secured by thie 1-lortgage ;1ia11 continue unimpaired . Upon such payment
<br /> and cune by Borrower this Mortgage and the obligatious aecured liereby shall remain in fuli force and effect as if ' ` -�' .''�
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<br /> no acceleration had oceurr�.d. �''-' , �' � �`
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<br /> ?A. Aesignmsat oi i..�ate; Appoiatment oi Receiver; Leader ia Possession. As additionnl ser,urity 2iere- � �'"�
<br /> under, Bornower hereby assigns to Lender the rents of tlie I?roperty , px-ovided thaf Borro��•er shall , prior to acceler `,� �'��
<br /> � ation under paragrsph 18 hereof or abandomnentbf tlie ProJ�erty, hsve tlie riglit to collect and retain such rents �
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<br /> as they become due and payable: ' �`�
<br /> ` Ugon scceleration under �ssragrapl� 18 i3ereof ox• abandon�nent of the Yropertr. Lender. ' in person , bp agent ''
<br />�" � ', or by jutlicisll� appointed receiver EhalI be entit.3ed to enter ujion, take ��os�e�sion of and �nana�e the Pro��ertp - � ` ''
<br /> and to collect the rents of the Property, including those past due. All . rents collected F>y Lender or the receiver "�` -
<br /> shs11 be applied first to, payment of the costs of management of t11c Property nnd collection of rents, including, but
<br /> , ; not limited to, receiver's fees, premiuins on receiver's b4nd� and reasonaible atton�ey's fce� , snd then to the sum,
<br /> seeured by thie Mortgage. Lender and the reeeiver �liall hc lixble to xccount onl� ior tho�e rents actually rccei��ed .
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