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<br /> not extend or postpone the due date oi the monthlv installment� referred t.o in parsgraphs 1 and 2 hereof or
<br /> change the amount; of sucli installments. _
<br /> 10. Borzo+rver Not Released. Fxtension of -tl�e ti�»e for payment or niodification pf amortization of the sums
<br /> secured by this Mortgage` granted bv Lender to any sucr,essor in interest of Borrotver shall not .operate to release,
<br /> in sny a��anner, ttre lia6ility of tl�e original 33orrower and I3orrower:5 suecessors in interest. Lender shull ' not be
<br /> required to commenee proceedings against siicli sncce,sor or refuse to extend time for payment or otlrerwise modify
<br /> � amortization of tl�e sums secuY•ed by tliis \ lortgage by reason of anv demand made by the original Borrower and
<br /> Borrower's successors in interest. �
<br /> 11. Forbeazance by Lender Not a Waiver: Any forbearance by Lender in exercising any right or remedy
<br /> hereunder, or othel•wise afforded Uy applieable law, shail not Ue a �;�ai:�er of or preclude the exercise of any right �
<br /> or remedy hereunder. The procurement of insurance or the y�a5=ment of taxes or other liens or charges by Lender
<br /> ' � shail not be a waiver of Lender's right to accelerate the maturity of ' the indebtedness secured by this Mo;tgsge. `
<br /> � � 12. Remedies Cucnulative. All remedies provided iii t1�is l2ortgage are distinct and cumulutive to any other
<br /> , � ttight or remedy undei� this _lIortgage or flfforded by ]n�+• m ei�uity; and niay� l�c exercised concurrently, independ-
<br /> � ently or suceessively. '
<br /> Q 13. Successors and Assigns Bound: Joint and Several Liability; Captions. The covenants and agreements
<br /> � herein contained shall ' bind ; and the rights liereunder ehall inure to, tl�c respective successors and nssigns ofLender
<br /> and Borrower, subject to the 'provisions of pars{;raph 12 hereof. All covc�nant.;, and agrecments of Boreower shall
<br /> c � be joint and severaL The capt5ons und headings of the paragr.a�>lis of tlris 1lortgage are for convenience only and 'i
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<br /> ; � �re not to be used to interpret or define tl�e provisions 1lereof.
<br /> 24. Notice. Any notice to Borrower proridect for in this \Iortgage si�alt he gi��en by maiting such notice by
<br /> certified inail addressed to Borro�yer at the Yroperty Address ststed below , except for any notice required under "
<br /> psragraph 18 lfereoF to be gi��en to Borro�rer in the mam�cr I�rescribect hy applicable law. .� ny notice provided
<br /> for in this \lortgage �halt be deeined to liave becn gi��en to I3ori•owei• �ahen given in thc manner designated herein.
<br /> ` 15. Uniform Mortgage; Goveming Law; Severability. This form of mortgage comUines uniform covenants
<br /> i for nationnl use and non-uniform covenants witli li�nited variations by jurisdiction to constitute a uniform secu- ;
<br /> rity instruiuent covering real pro}>erty. Tfiis \fortgage shall bc �;overned by the ]aw of the jurisdiction in which . '
<br /> the Property is located. In the event that any provisim� or clause of this Jlortgage or the Note conflicts with r
<br /> � applicable law, sucl� conflict shail not affect otlier pror•isions of thi� \lortgage or the Notc which can be given "
<br /> effeet without tl�e confticting provision, and to this end the provisions of the \fortgnge and the Note are declared
<br /> ' to be severable.
<br /> ; ' 16. Borrowei s Copy. Borro«�er shall be furnisl�ed a conformed cop�� of this nlortgage at the time of execu- �'.
<br /> tion or after recordation hereof.
<br /> { 17. Transfer of the Property; Assumption. If all or any part of the Property or an interest therein ia sold
<br /> ; or transferred by Borrower wit,hout Lender's prior written consent, excluding (a) the crea,tion of a lien or encum-
<br /> i brance subordinate to this �iortgage, � b ) thc creation of a purchase tnoney security interest for household appli-
<br /> x ances, (e) a transfer by devise, descent or by operation of I;���� upon the deatli of a joint tenant or (d ) the, grant of
<br /> � any leasehold interest ot tliree years or less not containing an option io purchase, Lender may, at Lender's option,
<br /> declare ail the sncns secured by tlais Mortgage to be inunediately due arid payable. Lender shall huve �vaived svcli
<br /> option to accelerate if, prior to t6e sale or transfer, Lender and the person to w�hom the Property is to be sold or
<br /> transferred reach agreement in �vriting that the credit- of such person is satisfnctory to Lender and thati the interest
<br /> ' payable bn the sums secured by this 1�iortgage shall be ai such rate as Lender shall request. If Lender has waived
<br /> ? the option to accelerate provided in this paragrapl� 17 and if i3orrower's successor in interest l�as executed a writ-
<br /> 7 ten assumption agreement accepted in writing by I,ender, I,ender shall release Borrower from all obligations under
<br /> � tihis Mortgage and the Note.
<br /> ` If Lender exercises such option to accelerate, Lender sha11 snail Borrower notice of acceleration in accordance
<br /> , witli paragraph 14 hereof. Such notice ehall provide a �>eriod of r�ot less than 30 days from the date the notice is
<br /> ; inailed within which I3orrower mav pay the �ums declared due. If Borrorver fails to pay such sums prior to the
<br /> » expiration of such period, Lender rnay, ��•iUiout fiirt.lier notice or deinand on Borrower, invoke any remedies per-
<br /> ' a mitted by paragraph 18 l�ereof.
<br /> ;
<br /> E Nox-UxiFoarr CovFxAxTs. Borro�e•e �• ancl I:,ender Purt.lxer covenant and a�;ree as follo�vs :
<br /> ' 18. Acceleratioa; Remedies. Escept as �rro�•ideQ in � >iiragr,y, L 17 hcreof, upon Borrower's breach of aay
<br /> covenant or agreement of $orro�cer in thi� �1ort�agc , including the covenants to pay when duc any sums secured
<br /> by this �lortgage, Lendcr prior to uccelerution elissli mui ! noticc to Borrower .�s �� rovided in paragraph 14 hereof
<br /> specifying : ( 1 ) the breact� ; f21 t6e action rcyuired to cwr suc6 breacl� ; 13 ) a dnte, not les� thnn thiity days `
<br /> c from the date the noticc is muited to ]3orro�vcr, b}� ��- t � icli surL brcacli must be curcd ; antl (�1 ) th�t faiiurc to cure
<br /> ; such breact� on or before tl�e date specifieci in tlie noticc may result in acceleration of tlic sums secured by this
<br /> Mortgage and sale of ihe Pro��erty. If the breach is not currd or. or betorc the date specified in the notice, Lender
<br /> : at I.ender's option inay deel�,re � all of the sutns secured I,�y this \iortgage t�o be immediaEei� due anci payable� �
<br /> ' withaut further demand and may ioreclose tliis 1lortgage b,y ,judicial I�roceeding. Lender shall be entitled to collect
<br /> � in such proceeding a11 expenses of fomclo�urc , ivcluiling, but not liroited to, costs of documentaiy evidence,
<br /> abstractsand title reports.
<br /> s 19. Boaower's Right to Reinstate. Notw�itl�;tanding Lenclei'� acceleration of the smn� secured by this
<br /> Mort.gage, Bormwer shali ha��e the ri�ht to huti•e any proceedings begun b�> T.eilder to enforce this A'Iortgage dis-
<br /> continued at any time prior to entry of a judgment enfo�cing tliis 'liortgage if : (a ) Bon•ower pays Lender all
<br /> sums which would be then due under this ltort�age, the ;\ote and note: securing Futurc Advsnces; if any, liad no
<br /> aeeeleration oceuned ; ( h) Borrower cures all breaclles aS an�� other cocenaints or a�rc:einent�s of Bo3•rower eon-
<br /> tained in ttiis Mortguge ; (c ) Borrower paps all reason;� hle eenen.es incurre�9 hy T.end��r in cnforcing the co��ennnts
<br /> and agreements of Borrower contained in this _11ort�a�;c and in eniorcing I,endcr's remedies as provided in para-
<br /> grsph 1$ hereof, including, but not limited to, reasonable attornev 's fee: ; and id1 13arrow=er takes such action as
<br /> Lender may reasonabiy require to aFsure that the lien oI tl�i� \1ort €a�c, Lender's intcrest in the Property and
<br /> Borrower's obligation to pay the sums secured hy this Alortga�;e shall contitme imimpairec9. U�on such pa_yment �
<br /> and cure by Borrower, this Mortgsge and the obligations secure�3 I�erc:by �httli ren�sin in tull foree and effect as if
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<br /> no acceleration had occurred. _ Y. , ,
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<br /> _ 20. Asaignment of Rents; Appaimtmeat of Receiver: Lender ia Possession. As udditional security here- ' � _�
<br /> � under, Borrower hereby aseigns to Lender the rents of tLe Property�, pro�*idr:d that Borrower shall, pcior to acceler- � x t,��
<br /> ation under paragraph 18 hereof or abandonmeni of the ' Property, havc the right to collect and retain such rents ` '3���,-
<br /> ' as they bec�ome:due and pa yable: a'�,'`�5�
<br /> Upon scceleration under ;iaragrai�h' � 8 he�eof er ahq-�¢Qnirer.; cf thc Yropert3•, Lender, in per,pn , L,v ageni, ; �,.
<br /> � or b,y judieialiv appointed receiver shal] ijP nntitlP�i t� ent�r upon, t�ke pos.essin^ of and inanage t5c Property � � "
<br /> sud to aollect the rents of �.he Property, ;ncluding those ISast due: Ail renis collec#ed hy lender or t.he receiver ��' ' '
<br /> .� �_ .
<br /> shall be applied first to payment of the costs of management of the Pro}>erty and collection of rents, ineluding, but,
<br /> not ]imited to, receiver's fees, ;�remiums on receiver's Uonds uud reasonnble attornev's fee� . and then to the snms
<br /> secure3 by this ivYortgage. Lender and the receiver shall he lishle to accoimt onlv for those rents actunllv received .
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