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<br /> not extend or fiostpone the due datc of the montlily iustall�nents referred to in paragraphs 1 and 2 hereof or
<br /> ehange the arriount of sucli installments:
<br /> 10. $orrowez Not Released. Extension of the tiine for ��a,yroent or modification of amortization of the sums
<br /> secured by this itiSortgage granted by l.ender to uny siiccessor in interest of Borrower sUall not .operate to release,
<br /> �j in any manner, the lia6ility oL tl�e original Borrower :�nd 13orro�l•cr 's successor� in interest. Lender shall not be
<br /> [�,i required to commence �iroceedings against, sucli successor or refusc to extend time for payment or other�vise modify
<br /> C�7 aznortization of the sums secured by t6is \iortg�ge la�- reason of any dernand �nade by the original Borrower and
<br /> r ' r,�+ Borrower's successors in interest. � .
<br /> p li, Forbearmice by Lender Not a Waiver. Any forbearance by I,ender in exereising any right or remedy ; : � '
<br /> ,�. hereunder, or otherwise affozded by applicable ]aw, shall not l�e a cvai-rer of or preclude the exercise of any right >
<br /> or remedy hereunder. The procurement of insw•ance or the �>symei�t of taxes or otlier liens or charges by Lender � '-
<br /> �� shali not be a �vaiver of Lender's right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br /> �„y 12. Aemedies Cumulative. Ail remedies provided in tltis \�ortgage are distinct and cumulative to any other
<br /> right or remedy u3�der tliis _llortg�ge oa• �ffordeci by latir or equit.,v, and may be exercised concurrently, independ-
<br /> ently or snceessively. '
<br /> ; 13. Suecessors aad Assigns Bound; Joint and Several Liability; Captions. The coveiiants and agreements
<br /> ;' herein contained shall bind ; and the rights hei•eunder shall inure to, tt�e respective successors :xnd assigns of Lender
<br /> and Borrower; subject to the provisions of paragraph 17 hereof: all covenants and agreements of Borrower shall
<br /> be joint ancl se��eral. The captions a.nd ]�eadings oi the paragraphs of this \Iortgage are for convenience only and
<br /> ` are not tp 6e usecl to interpret or define t.he provisions hereof.
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<br /> � �i4. l�iofice. �� Any notice fo Borro�ver provicied 1'or in this :�Iortgagc slialt be �giren by inxi7ing s�ch �notice by � ��
<br /> certified 2nai1 uddressed to Borro�ver ai the Property Address st,ited below , c:xcept, for anv notice required under
<br /> paragraph 18 liereof to be giveu to Borrotiver in the mannea• prescribed hy xpplicaule law. Any notice �>rovided
<br /> for in tliis \3artgage shall be dee�ned to have been given to 73orro���er �+�Iien given in the manner designated herein.
<br /> 3' 15. Uni4orzn Mortgage; Goveming Law; Severability. 'I'l�is fortn ot mor�gage combines unitorm covenants
<br /> for national use and non-uniform covennnts with limited variations by jurisdiction to constitute a uniform secu-
<br /> S rity instrument covering real property. This �4ortgage shail be governed by tl�e law of the jurisdiction in which
<br /> � the Property is located, In the event fhat any provision or clause of this _l�Iortgage or the Note confliets with
<br /> applicable la�v, sucli conflict shall not affect. otlier provisions of this \Iortgage or the I`Tote which can be given
<br /> ` effect without the conflicting provision , and to this end the provisions of the :\lortgage and the Note are declsred
<br /> to be severable.
<br /> 16. ' Borrower's Copy. Borrower shall be furnisl�ed a conformed copy oF tliis lfortgage at the time of execu-
<br /> tion or after recordation hereof.
<br /> 17r Transfer of ihe Properiy: 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 /> � branee subordinate to tl�is \4ortgage, ( b) the creation of s purchase money security interest for household appli-
<br /> �_; ances, (c ) a transfer by devise, descent oi• by operation of la�a upon the death of a joint tenant or (d) the_ grant of
<br /> r ; any leasehold interest of three years or less not containing xu option to pw•chase , Lender inay, at Lender's option,
<br /> � , declare all the sums secured by this :�4ortgage to be im�nediately due anii payable. Lender shall have �caived sucl�
<br /> option to accelerate iF, prior to the sale or transfer, Lender und tl�e person to wtiom the Property is to be sold or
<br /> � , transferred reach agreement in writing tl�at tlie credit of such person is satisfactory to I.ender und that the interest
<br /> + payable on the sums secured by this D4or 'tgage shall be at such ratc as Lender shall request. If Lender has waived
<br /> 1 ' the option to aecelerate provided in t6is paragraph 17 and if 33orrow�er's successor in interest has executed a. writ-
<br /> ten assumption agreement accepted in writing bv I.ender, Lender shall release Borro�ver from all obligations under
<br /> this Mortgage and the Note.
<br /> � ' If Lender exercises sucl� option to accelerate , Lender shall mail Borrower notice oS acceleration in accordance
<br /> � ' �vith ��aragraph 14 hereof. �uch notice sl�all providc a period of not. less than 30 days from the date the notice is
<br /> inailed within whicl� Borrower inay pay t.tie �uma declared due. If Borinwei• fa,ils to pay such sums prior to the
<br /> ; , expiration of such period, Lender muy , o�ithout furtl�er notice or iiemand on F3'orrower, invoke �ny remedies per-
<br /> , � mitted by paragraph 18 hereof.
<br /> :S . . . � . . � . . .
<br /> � � � � � � :��ON-tJNTFOR�I4T (iOVF.NANTSI �Ol'1'Ot�'(: ]' ilIICl T�P.11C�Ci' t�l:il't.I1C1' G'O�"C71311{l i�il(� `d�'1'@C 'c1S t�O�lOW4 : � �
<br /> '' 1 $. Acceleration; Remedies. L�cept as pro��ided in � �arugra � �h 17 hereof , npon Iiorrotver's bre� ch of any
<br /> covenant oragreement of Borro��•er in t6is �iort�;agc, including thc covenai�ts to ��sy �ti�hen duc any sun�s secured
<br /> by this Alortgage, Lender 1>rior tu acceleration �I � sll mail notice to }3orro�rer as provided in paragraph 14 hereof „
<br /> y' cpecifying : ( 1 ) thebreach ; ( 2) tl�e sction required to cure �uch breach ; 13 ) a date, not less than thirty days
<br /> < ' from the datc tlie notice is mailed to ]3orrower, ln- nhirh :uch breacl� iuust be cui�ed ; and ( 41 tGat faiture to cure
<br /> ? such brea.ch on or befare the date specified in t {ie noticc inay result in :acceleration of Cl�e sums secured Uy this
<br /> ' �4ortgage and sale of the Yropei•ty. If the brcach is not cured on or befoi•e the dste specificd in il�e notice, Lender
<br /> ut I.ender's option may declarc all of the ,ums securcd hy this 3lorigagc to be immediately duc nnd payable
<br /> without further demand ancl may foreclose tl�is \'IorLga�;e by judicial proceeding. Lender sl�all he entitdec� to collect
<br /> ? � in such proce�eding all expense5 � of fore�cloeurc , including, but n�t ]in� ited to , custs of clocmnentary evidence, ��
<br /> abstracts and titie reports:
<br /> 19. Borrowaz's Right to Reinstate. \'otwithstnnding Lender's acccleration of the swns secured b,y ihis
<br /> Mortgage, Borrower shall ha��e the right to ha��e �n,y proceeding� begun b}� Lendcr to enforce this htortgage dis-
<br /> continued at any time prior to entry of a judg�nent enfoxcing thi� �tortgage if : ( ei ) Borro�cer pssys Lender all
<br /> sums which would be then due under this 1lortgage, tLe \Tote zwd notes securing Future Advauce�, if any, had no
<br /> acceleration oecurred ; (b ) Borrower cures all bre��ches of an�• other co�-enants or agreements of I3orrower con-
<br /> tained in this Mortgage ; (c ) Borro�ver pay� all reasonable es��ense� incurmd hy 'Lender in enforcinq the covenants
<br /> and agreements of. Borrower contained in ti�i� \Iort.�age and in enfurcin�; Lender:, reanedies as provided in para-
<br /> graph 18 hereof, including, but not litnited to, reasonable attorney'� iees : lnci Id ) Borrower takes such action as
<br /> �- ' Lender msy reasonably require to assure t.hai the lien of this �[ortgage , T.ender's interest in the Property and
<br /> Borrower's obligation to pay the sums secured hy this t2ortg3ge chall contiimc unicnpaired . Upon such payment
<br /> and cure by Borrower, this Mortgage and ttie obligations secure�� hereb}• �hail rernain in full force and eY3ect as if �"^,, :
<br /> ' no naceleration had occurred. " " � ,,,
<br /> 20. Aesigiunent of Rents; Appointmeat of Heceiver; Lender in Possession. As additional security here- m� � `�"
<br /> under, $orrower hezeby assigns to Lender#he rents of the Propert}: pro�-ic3ed that Aorrower shall , prior t.o acceler- � t
<br /> � � ation under paragraph 18 hereoCor abandomnent of the Property; havc thc right to collect and retain such rents ���.
<br /> as they become due and payabie., _•� _
<br /> ' I?�r� accPtPrntion aint�Pr Parag*ap9i 11� hnrcv�f nr si�a»�1�ntn�nt �F th� Yroj�ertv , 7.enriQr. in I»rc�n , b� agent �A ' f `, :
<br />�' � � or by iudicially appoint.ad reeeivPr shall �}�e entit;led to �ent.er u��on . � txke� pos.�s�iou oi iind �natia�e i.he � P�•opert.y � �'
<br /> � and to `eo2lect the rents of the Pro}xerty, includin� fhose Past� dne. All � rents soileet.ed bv I,ender or the receiver ��� `'
<br /> shail be applied firat to paymen£ of the costs of management: of tl(e Property uncl colleetion of rents, including, 6ut.
<br /> not 1imiLed to, receiver's fees, ��remiums on receiver's lionds and reasonaUle attorney '� tees. aud then to the sums
<br /> secured by this Mortgage. Lender and the r+eceiver stjall be list�le to account onh* for those rents actuallc received.
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