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<br /> � � r�ot exGend � or � 7>ost.pone the d�e date �� of�� tl�e ��mont�hlv� i�istal] ment5 referrecl � to � iri par¢a�raphs� L arrd 2 Piereof or �
<br /> ` change the ainount"of such instullments,
<br /> 10. Borrower Not Released. Extension of'the time for p�yment nr modification of amortization of the sucns
<br /> secured by tliis Ziortgage gt•anted by I endex• to aiip successor in interest`af Borrocti�er shall not operate to relesse,
<br /> in nny man¢�er, the liaUility of the originul I3oriro�ver and F3orro�ver 's successors in interest. I,ender shall not' be
<br /> required to coinn7ence ��roceedings against siicirsuccessor m• refuse to extend time for payment or otlierwise modify
<br /> aruortization of #he sun�s secured by tl� is \ lortgssge i�y reasnn oi ai�y demand inade by the original Borra�ver: and
<br /> T Borrower's successors in interest.
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<br /> 11. Fozbearance by Lender Not a Waiver. - Any focbeurance by Lender in exercising any right or zemedy ` � , ` � :
<br /> , � hereunder, or otl�erwise sfforded by ap}�licaUle la�v, shall not be a �vaiver of ox• preclude the exercise of any right ' � '
<br /> ��,,, or remedy hereunder. The i�rocureinent of insurance or the payruent of taxes or other liens or charges by Lender
<br /> ' � shail not be a waiver of Lender s right to acaeleiate the m�,turity af the indebtedness secured Uy this Mortgage.
<br /> 12. �iemedies CumulaGve_ All remedies providecl in' tl�is _lZortgage nre distinct and cumulative to any otiher
<br /> ' �'"' right or remedy under` this \Iortgnge ox• nffordei� hy ln«• or equitv, and niai- be exercised concurrently; independ-
<br /> '^' ently or successively. ''
<br /> � I3, Suacessors and Assigas Bound; joint �d Several Liability; Captions. Tlie co��enants and- agreements
<br /> � herein contained shall bind; and tlie ri�lits hereunder sha,ll ii�ln•c to; the resl�ective successors and assigns of I.ender '
<br /> and Borrorver� subjeck 'to the 'j�rovisions of para�r:ipli 17 hereoC; All covenants and agreeTnents of Borrower shall
<br /> be joint and several . The captions and l�eadings o( tl�e ��sr:��;raphs of this 3fortgage are for convenience "only and
<br /> ; are not to be used to interpret or define tlie provisions liereof. ; :
<br /> ' 14. Notice. Any noticc to Borrower provided for in this \lortgage sh31i be gi��en 6y mailing such notice by
<br /> certified uisil addressed to $orro�eer ut tiic Yroperty Addi•ess staLteci belo�v , except fui• ang notice required under
<br /> paragraph I8 Lereof to be given to 13orro�ti-er in the manner �urscribed l�y ;�pplicable law. :�nv no�ice provided
<br /> ; for in this 1Tort,gage shali be deemed to haae bcen given to }3orrower �vhen given in ihe manner designated lierein.
<br /> 15. Uniiorm Mortgage; Goveming baw; Severability. Tl� is form of �nortgnge combines unifoim covenants
<br /> for national usc snd non-uniform 'covenants with ]imitec.i �•ariatiais by jurisdiction to constitute a uniform secu-
<br /> � rity instrument eovering real pro��ert,y. This \Iortgage shall be governed by the la�v of the jurisdiction in which
<br /> ' the Property is toeatecl . In the event thut az�y provision or clause o( tl�is 14ortgage or the Note conflicts with
<br /> s applicable law, such conflict shall not affeck. other �iirovisions of this Jlortgage or the Note whicl� can be given �
<br /> ' effect without the conflicting }irovision , and to this end the pi•ovisions of the J4ortgu�e and the Note are declared
<br /> to beseverable:
<br /> 16. Borrower's Co `
<br /> py. Iiorrower shal) Ue furnished a confoi•�ned copy of this \7ortgage at the ticne of execu- : f
<br /> tion or after,recordationliereof.
<br /> 17.' Tzansier of tha Property; Assurnption. If all or an,y part of tl�e Property or an interest therein is sold
<br /> or transferred by Borrower without Lender'e prior written consent, excludin� (a ) the creation of a lien or eneum-
<br /> bTance subordinate to this \Iortgage; ( k� ) the creation of a purchase rnoney security interest for household appli-
<br /> ances, ( c) a transfer by devise, descent m� by oper:ttion of' la��� upon the death of a j oint tenant or (d) th@ grant of
<br /> anyJeasehold interest of three years or less not containing an option to purchase, I.endei• inay, at Lender's option,
<br /> declare all the sums secured by this Mortgage to be i3nmedi;�tely due and payable. Lender shall ha�•e ticaived such `
<br /> option to'acaelerate if, prior to tl�e sale or transfer, I.ender snci il�c person to �3�hom the Yroperiy is to be sold or ;; <
<br /> transferred reacl} agreementin w-riting that,the credit of suci� person is sutisfactory to Lender and that the interest
<br /> payable on the sums secured by ihis Mortgage shall be tit such rate as I.ender shall request . If Lendm• has ��aived
<br /> the option to accelerate provided in this paragrapli 17 and if Borrower's successor in interest l�as executed a writ-
<br /> ten assumption agreement accepted in writing by 1,ender, Lencier shall release Borro�ver from all obligations under `
<br /> thia Mortgage and the Note.
<br /> If Lender exercises sucli option to uccelerate, Lender shall :nail I3oi•rower notice o[ acceleration in accordance
<br /> � �vith paragraph 14 hereof: Such notice shall provide a periocl of not less thz�n 30 days from the date the notice is
<br /> mailed witlain wl�ic}i Borrower iz�ay pf�y the Suriis declared duc. If Borrower fsils to pny sucli sarns prior to the
<br /> < exparation of euch I�eriod , Lendermay, �vitliout fuitl�er notice or demand mz B'orrower, invoke auy ren�edies per-
<br /> � mitted by paragraph 18 hereof. '.
<br /> \?ox-lTxiFoxM CovExw*. �rs. Bori•o�ee �• and Lendei• fartl�er covenant and agree as follo�v5 :
<br /> 18. Acceleration; Remedies. F;xcerit. .�s ��rovideiC in paragrai��h 17liereof, upon Borro�ti�er's l�reach of any
<br /> covenant or ugreesnent of Borrovc�er in this lfort�;.�gc , includ 'n�{; tLc covenants to pap �ti�hen due any suins secured
<br /> � by this Alortgage, Lendei• prior to ,icceler;ikian �i�all �uail notice t.o F3oi•ro�rer as ��rovided in paragrapl� 14 l�ereof
<br /> � � Gpecafyii�g : �� ( 1 ) � ttie breucli ; (2)� tho���aotion � requii•ed � tu � cuic cucli breaci� ; ( 3 ) s ciutc, not -1ens tl�an� tliirty days � �
<br /> � from �the date tl�c notice is �mailed� to ]3orro�ti� cr, b�- ���l� ich �uc•h brcnch iuust I>e oured ; anct ! 4 ) � that failu�re to�'cure �
<br /> c,uch breach on or before tl�e dnte specified in tlie uoiice muy re�ult in acceleration of tlie �ume secured by ihis
<br /> Mortgage and sale of the I'roperty; If the breacl� is not cured or, or beforc the clate specified in tiie notice, Lender
<br /> at Lender's option may declai•e all of the suins secui•ed by thia \lortgage to be immedaatcly due and pa,,yable
<br /> $ without further demand un,ci inay foreelose this A4ortg<igc b,y ,judicit�l pF•oceeding: Lender shall be �nt,itic�i to eollect
<br /> in such proceeding all expenses oi foreclosurc , includinb; hilt not limitcd to, costs of docuinentatv ecidence,
<br /> � nbstracts and title reports. '
<br /> 19. Boaower e Right to Rainstate. NotH�ithstanding 7,endei'a :icccleration of the �uni. secured by this
<br /> Mortgage, Borrower shall have the right to havc :�ay proceedin6� begun by Leudei• to enforcc this �lortgage dis-
<br /> continued at any tin�e prior to 'entry oi a. judgment enfoXcing this 11ori�nge ifc � a ) $orron�cr �iays I.ender all
<br /> sums which would be then' due un�ier this _1lortgagc, tlic Notc nnd notea securin� F'uture Advances; if any, }iad no
<br /> acceleration occurred ; ( fi3 Borrower curea nll breacheti of a�n�• uther co��enants or a�rcements oS Borrower con-
<br /> tained in this Mortgage ; (c) Borrower pa_ys all reason�blc• �xpen�es in��urred )�y I,ender in enforcing the co��enants
<br /> � �and �graement;s��of �Rorrower �•ontained i�^ �his _l�Iort�;a;;c :ziid izi �c,�forcing I.cn�lti•'> r�ivacii�s u. t7ruvided �i�i pa;a-
<br /> grap� 18 hereof; including; but not limited to, reason.ible attorne}•'� ieee ; and Ic9 ) Borrower tul:es such action as
<br /> Lender, may reaso�ably require to assure that the lien + oi t6ie \Iortga�c, Lendei's intcrest in thc Property and 4
<br /> ' `Borrpwer's obligation to pay the sums secured by thi� \Iortgure shall continuc uuimpuired . Upon �uch payment <�
<br /> ' and cure by Borrower, this A7ortgage and tlie oUligations :ecured i�ereb�� .tiaII rcmain in full foi•ce and e:ffect as if ,��,,, m �• *`a,
<br /> � no scceleration had occurred. � •.- y:,, ,,., ,, , -� .
<br /> ; 20. Assigaman► o! Rants; Appoint:aeat of Receiver, Lender ia Possesaioa. As additional seeurity here- �; ' * " '
<br /> ; under, Borrawer hereby assigns to Lender tl�e rents of the Pro��erty . pa•o�•ided t l�at B�rro�rer shall prior to acceler- ��
<br /> E stion under paragraph 1$ hereof or abandomneYit of t.he Pro�ierty�, have the riglit to collect and �retain' such rents �` �M�
<br /> ��` :
<br /> ae they become due and payab]e. �� i�
<br /> � Upon accelerstion under l�ars�raplt i8 l�ereof or shandonment of #he Yroperty ,' Lender, in i�erson, by agent. � -
<br /> " or tsr judiaial3y uppointed receiver s3�a11 I3e enLitled to errteru��on , take pos�ess�on of- anc3 mnnage thc Yropert.y " "
<br />� rand to calle�t. thc rents of: the Pr�periy, . ieicJuuii��; ,tiivse }�u�6 due: i1ll rents coilected hy , Lender or the receiver �n°• :-
<br /> :shall be appiied first to payment o�' the costs of �uanagement of the Prof�erty aud collection of rents, including, birt.
<br /> not limited to, receiver's fees, preu�iums on rcceiver's' bonds i�nd reasonable attorne,y 's fee. . sud then to t.he sum,
<br /> secured bV this 11�Iortga�e: T.ender r�nd the recPivrr si�all bc liablc to account onl}- for thosc rents ��ciuully i �cei �•e�i .
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