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<br /> not extend or post.pone tl�e due date oi tlre inontlil,y� installi��ents a�eSerred to iii paragra��hs 1 and 2 l�ereof or
<br /> change the ux��ount of such installments:
<br /> ` 1Q. Borrower Not Raleased. �xtension of the f:in�e for paymenL or modifica�tion of amortization ot the sums e
<br /> secured by this' Mortgage granted Ly i.ender to`an,y successor in interest ot Borro�ver shaIl not otier�.te to release, �' ` t ':
<br /> in any munner, tl�e IiabiIity of the original 73orrower and 13orro�vcr's successors in interest. Lender shall not be t ;
<br /> eequired to commence }�roceedings against sucli successor- or refusc to extend time for payment or otherwise modify ,,
<br /> umorti2ation of the sums secured by this _1lortgsge i>y reasoii of :uiy demand made by the original Borro�ver and � ;
<br /> � Borrower's successors iminteresf,.- ' ' �-
<br /> s 11. Forbearance by Lender Not a Waiver. - Any forbearance by Lender in exercising any right or remedy ;� ' , � �
<br /> � hereunder, or otheiwise sfforded by applicable law, shs31 not be a �vaiver oF or preelude the exercisa of ang sight
<br /> ='.� or reniedy hereunder: The procurement of insurance or the payment of taxes or other liens ar oharges by' Lender
<br /> t � shall 'not be a waiver of Lender's rig3it 'tio accelerate the �natizrity of t6e indebtednees secured by this Mortgage. �
<br /> ' C' 32. Remedies Gumulative. All remedies }�rovided in tdais \Zortgage are distinct and cumulative ta any uther 4 ` '
<br /> � ` G% right or remedy under' this JIortgage or ufforded hy la�r or equit.,y, and niay� be e�:ercised coiicurrently, independ- ; . ''
<br /> ' � ently or successively. �
<br /> � 13. Successors aad Assiqns Bound; Jaint csnd Several Liability; Captioxis. The cocenants and agreements '
<br /> }ti, herein contained shall bind , and the riglits hereunder shalf inure to, tl�c respect.ivc successors and assigns of Lender
<br /> 1`'� und Borrower, subject to the provisions rof paragrnph 17 hereof. :�11 covenants and agrecments of Borrower sfiall
<br /> ' Ue joint :ind several. The captions and l�eadings of the paragraphe of this \ Iortgage are for convenience only and �' '
<br /> �. ` are noti to be used to interpret or define tf�e provisions Iiereof. i ':"
<br /> 14. Notice. Any notice t.o Borro���ei� pro�•ided for in il�is \lortgage shall iie �iven by mailing such notice by ;
<br /> � certified mail addressed to Borrower at tlie Yroj>erty Adclress stated belo�v , exce��t foi• :iny notice requixed under ; '
<br /> q paragruph 18 hereof to be given to Borrot�•er in thc manner Prescribed by applicuUle law: _�ny notice proti�ided
<br /> - � for in this �Ioi�tgage ahall be deemed to have Ueen given to I3orro�aer wl�en given in tlae maun�r designated herein. `
<br /> LL ;' 15. Unifozm Mortgage; Goveming Law; Severabifity. This form of mortgage combines uniform covenants ',
<br /> � for natianal use a�nd non-uniform covenunts with limited v� riations by jurisdiction ta constitute a uniform secu-
<br /> : 4 rity :nstrument covering reat l�ro��ert�•. This \Sortgage shall be governed by tl�e law of the jurisdiction in which �
<br /> the Property is located, In the eveni that any provision or clause of this \Zortgage or the Note conflicts �vith � ;
<br /> upplicable law; such conflict shall not affecL otl� ei• �>rovisions of this \fortgage or the I�Tote whicl� can be given
<br /> efFect without the conflicting provision, and to t:his end the pi•ovisions of the \tortgage and the Note are declared �
<br /> bo be severable. '
<br /> 16. $onower's Copy. Borrower sl�all be furnished n conformed copy of this D4ortgage at the time of execu- �
<br /> tion or after recordation hereof: � '
<br /> ; 17. Transier of the Property; Assumption. If all or any part of the Property or an interest therein is sold �
<br /> ' or trausferred by Borrower without Lender's prior writt.en consent, excluding (a) fhe creation of a lien or encum-
<br /> brance subordinate to this l�Iortgage, ( b ) tl�e creation of a purchase money security interest for household appli-
<br /> ances, (c} a transfer by deaise, descent m• hy operation of ls�c upon the death of a joint tenant or {d) the grant of � "'
<br /> any leasehold interest of three years or less not containing an option to purchasc, Lender inay , at Lender's option,
<br /> � declare all the sums secared by this Mortgage xo Ue immediat.ely due ssnd payable. Lender siaall have �vaived such E+
<br /> � option to accelerate if, prior to Lhe sale or transfer, Lender and t6c ��ersmi to whom the Property is to be .so2d or ;
<br /> 3 transferred reacl� agreement in �vriting that the credit of such person is satisfactory to Lender and that the interest i . �
<br /> ipayable on the sums secured by El�is D4ortgage shall be at sucG i•ate as I.ender shall request:. If Lender has waived �
<br /> theoption to accelerate provided in this paragrapli 17 and if Borrorver's successoi• in znterest has executed n writ-
<br /> ' � ten assumption agreeinent accepted in writing by Lender, Lender shall release Borrower from all obli�ations under
<br /> this Mortgage and the Note.
<br /> � ' If Lender exercises such option to accelerate, Lender shall �uail Borrower notice of accelerution in nccordance
<br /> ` . � tivitli parsgraph 14 hereof. 5ucli notice shall provide � period of not less tlian 30 days from the date tlie notice is
<br /> , t xnailed within wl�icli Borrower may pay the sums declured due. If Borroil•er fails to pay sucl� sun�s prior to the
<br /> j expiration of such period, Lendex� �nay , wi 'xtiout furtlier noiice or demand ou Borrower, invoke �ny remedies per- `
<br /> 3 znitted by parsgraph 18 hereof. ? ,
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<br /> ' q Nox-UxiFoxrz CocErrnxTs. Borirowe �� and Lender furtl�er covenant and agree as foilo�vs :
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<br /> i 18. Acceleration; Remedies. Except as pi•ovided in �r� ragra�il � 17 l�ereof, upon 13orrower's hreach of at�y ' '
<br /> covenantor agreement of Borrowei• in t6is tiiort�;a�c; inclucling tl�c covenants to i�ay tivlien c9ue any sums secured
<br /> _ � by this �lortgage, Lender ��rior to accelerntion shull mo-iil ijoticc to I3orro�vcr as p�rovided in paragru��h 14 l�ereof
<br /> � specifying : { 1 ) the breacli ; (2 ) tl�e �xction recruired to cw•c sucli bi•cac6 ; 131 a dute , not less tliun U�irty days
<br /> fran the date thc notice is mailed t,o I3orro«-er, 1,�• ���hich sucG brcach inust � 6e � cured ; � and � {4 ) th�t faihn•c to curc �� � � _ ��
<br /> such breach on or betore the date speciFied iu tlie notice �uay result in acceleration of the su���s secured by this
<br /> J �1lortgage and sale of the Yroperty . If the breach i, not cured on oi• befoir. t6c dr�te speeified in tlie uotice, Lender
<br /> �� at Lencler's option nisy <3eclare all of the sums secured by tf�is \Iortgage to he imtnec3ia[ely due 3nd pnyable
<br /> j without further demand and �nay foreclose tl�is \iort,gage by judiciiil �iroceeding. Lender shall be entitleci to coilect
<br /> , a in such proeeeding al] expenses of foreclosure, inefucling, htrt not. limited to, costs of documenLary evidence,
<br /> ; j ; abstraets and title reports.
<br /> &- t 19. Borrowei s Right to Reinstate. NoLr��itlistanding 1.ender's acceleratio�3 of the sums secured by this
<br /> Mortgage; Bonower shall have the right to have any proceedings liegun uy Lendcr to enforcc tl�is ��Iortgage dis-
<br /> 1 continued a£ any time prior to entry of a judgment enfq�cing tl�is �fortgage if : (al Borro�cer pays Lender nll
<br /> svms whi¢h wonld be then due under this 3iortguge, the ti`ote ,�nd notes securing Fiiture Ad�•ances, if any, had no
<br /> , ; acceleration occurred ; ( b ) E3orrower curec afl tireaiche, ot anv othei• c•o�•enants or �iereement:� of 13orrower con-
<br /> 1 - tained in this Mortgage ; (c) Borrower pays ail reasonable eapenses inciirred by Lender in enforcing the covenxnts
<br /> ; ; and agreements of Borrower contained in t}iis \ iortga�;e itnd iii enim�cing Lencicr's reinedies as ��rovided in para-
<br /> graph 18 hereot, including, but notlimited to, reasonablc attoi�iey's fee� ; and Id ) ]3orrower takes such action as
<br /> i Lender may reasonably 'require to assure t,hat the lien of thi� .11ortgage. L�nder's interest in the Property and F
<br /> Borrower's obligation to pay the sums securecl by thi� Alortgagc sl�nll continue unirnpaired: Upon suoh payment '
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<br /> and cure t�y Bormwer, thi�; Mortgage and the oUligations secured herel.��- �hal1 re�iiuiu in fuli force snd effect as if _ „ �, . , �"' ' " '"K �.
<br /> � no acceleration had occurred. • n � ,��'
<br /> ; � 20. Aesignment of Rents; Appoiatment oi Receiver; Leader in Possession. As additiqnal security here- . �
<br /> under, Borrower hereby assigns to:Lender the rents of ttne Propert.y. p:•ovided that Borrower shall , prior to acceler- ?.�*"�r
<br /> - ,, ; ..� .e
<br /> ; ation under paiagtaph 18 hereof or abandonment of the Pro�)ert,y: hlve the rigl�t to collect and retuin such rents � „ �� ;
<br /> ° ' s.R they i�er.ome d�te snd pay�b?e. ; ,° ' -
<br /> � ' ., � , :
<br />�` i7pon ac�eieratinn vndPr rAr���a�h iR liem�? qr rthanc�enrnent qf the Yropertl�, 1'_ender, in 1�erson; b}� aoent '
<br /> or by judicially appointed receiver shall be entitled to enter upoi� , take possersion of and �nant�ge the Property � � " '�
<br /> aud to eollect the rents of the Prpperty, includin�- those past due: All rents collecYed hy Lender' or t.l�e receiver "�"' '
<br /> sl�all be applied,first Lo �ayment of the costs of insnagement of the Propert,y snd coliection of rents, includin�, but
<br /> not limited to, receiver's fees, �zremiums nn receiver's 'bond� and reasonak�le �ttorney'F fee�, and then to the sums
<br /> secured by this Mortgage. Lender and the receiver shall be liuble to account only for those rents actualty received .
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