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<br /> not extend or j�ostpone the due tiate- of tl�e monthly inst� llrrients referred to in paragrapl�s 7 and 'L hereof or
<br /> cliange the amount of such instaliinents:
<br /> � 10. Bonower Not Released. �xtension of the time ior pa,Yment or modi& cation of atnortization of the sums
<br /> � seCured by this Mortguge grunted by I .ender to a�ny successor iu interest of Borrorver chssll not .operate to release,
<br /> ' � in ttny manner,' the liability of the original Borro�eer and 73orro�eer's successors in iirterest. Lender shali not be , ',
<br /> � required ta eommence i�roceedingsagainst, suelt successor or refuse to extenc3 tiine Tor payment or otlierwise raodify
<br /> { u acnortization of ,the sums;secured by tliis 1lortgage by reasan of nny demnnci tnnde by the original Borrower and
<br /> I Borrower's successors in 'interest. `
<br /> � � = li :' Forbearance by Lender Not a Waiver. �1ny forbearaiice by I.ender in exercising any right, or remedy ' �
<br /> r,; liereunder, or otl�erwise afforded by a��iilicable la�v, shall not be a wxi✓er `of or preclude the exercise of any right;
<br /> jp� or remedy hereunder. Tlie procurement of insurance oi• tlie r�ayment of taxes or other liens or charges by Lender
<br /> sl�all not be a �vaiver of Lender's right ' to accelerate the inaturity of tl�e indebtedness secured Uy this Mortgage.
<br /> 1 12. ' Remedies Cumulative. ` �11 remedies pro��ideci in this 14ortgage are distinct and cumulative to` any other �
<br /> ° ` right or remedy undsr this \Iortgage ar nffordcd hy lu�e o�• equity�; and tnay be exercised concuc•rently; independ- �
<br /> ; ently or successively. , -
<br /> , r 13. Successors and Assigns Bound; Joint and Several Liability: Captions. The covenants and agreemen#s �
<br /> u hereiri contained sha11 Gind , and the rights hereunder shall inwe to, thc respeetive successors �nd assigns of Lender �
<br /> ; andBorrower, subject 'to the provisions af paragrapli 17 hereof: �1ll cove��:�nts and agreements of Borrower sliall
<br /> ^ be joint and several. The captions and lieadings of tlie �>aragi•a�>hs of f.l�is \Iortgage are for convenience only and ;
<br /> ', are not to be used to interpret ordefine the provisions I�ereof.
<br /> ,�
<br /> � 14. Notice. .Any notice to Borro�ver j�rovided for in this \Iortgage shal ! he �iven by rnailing sucli notice by r'
<br /> '� certified mail addressed co Borro>ver at the Property Address 5teitecf belo«•, cxrept for any notice required under
<br /> paragraph 18 liereof to }�c given to I3orrow�er in t.he tnunner ��reccrihed by xpplic�ble law . Any notice provided ` ;
<br /> ' For in this �Iort,gage shall be deemed to l�ave bcen given to Borrower �vl�en given in tl�e manner designated lierein.
<br /> � 15. Uniform Mortgage; Goveming Law; Severability. This form of inortgage combines uniform covenants ! `
<br /> � ` for national use and non-unitorm covenants �vith limited �•arist.ions bv jurisdiction t.o constitute a uniform secu-
<br /> � rity; instruinent covering real property. Tliis ltortgage shafl be go��erned by the la�i� of the jurisdiction in which
<br /> � the Property as located. In tl�e event that :�ny provision oi• clause of this _lZortgage or the Note confiicts with
<br /> y applicable 1$w, such conflict shnll not uffect other provision, of this \Iortgage or tl�e Note which can be given
<br /> � effect without the conflicting provision , and to this end the provisions of tshe �Tortgage r�nd the Note are declared
<br /> t to be severable. ?
<br /> + 16: Borrower's Copy. Borrower shall be furnislied n conformed co��y of this Rlortgage at tlie time of execu- �
<br /> ; tion:or after recordation hereof.
<br /> ; 17J Transfez of the Property; Assumption. If all or any pnrt of the Property or an interest therein is soId
<br /> x or transferred by Borrower without Lender's prior written consent, excluding (a ) the creation of a lien or encum-
<br /> � � brance subordinate to this 14ortgage, ( b) the creation of' a purr.hasc money: security interest for household appli-
<br /> +? ances, (c) a transfer by devise, descent oi• by operation of lu�r upon the death of a joint tenant or (d ) the. grant of � '
<br /> � any leasehold interest of three years orlesa not containing an option to pw•chase, Lender may, at Lender's option,
<br /> � declare a11 the sums secured by tliis ylort�age to be i�uisiediately duc and payable. I,ender shall have waived such
<br /> � option to accelerate if, prior to the sale or transfer, Lender and thc person to whoin the Property is to be sold or e
<br /> � transferrec� reacl� agreement in writing tl�at the credit of such person is satisfactm•y to Lender and that the interest ;
<br /> "; � paysble pn tlie sums secured by this 14ortgage elS�ll be at sucli �ats as Lender shall request. If Lender has waived
<br /> � the option to accelerate provided in this paragrapli 17 and iS Borrower's successor in interest lias executed n tivriL-
<br /> � ten assumption agreement accepted in writing by Lendei•, Lender shall release Boiro�ver froin all obligationa under
<br /> j this I�fartgage and the Note.
<br /> � x. If Lender exercises such option to accelertite, Lender shali :uail Borrower notice of acceleration in accordanec
<br /> j tivltli paragraph 14 hereof. Sucli notice sli� ll provic9e a � �eriod of notless tl�nn 30 �isys from the date the notice is
<br /> y inailed within whicl� Borrower may pay the swns declared due. If 13orro�ver fxils to pay such sums prior to the
<br /> 1 expiration of such period; Lender may , without fui�tl�er notice or ctemnnd on $'orrower, invoke sny remedies per-
<br /> y rnitted byparagraph 18liereof. '
<br /> � hox-17xiFosar Cov�xnxTS. Iiorrowe �� and Lendei• f'urtl�er c�vena �it and ag•ree a� follov+�s : '
<br /> , � 1$I Aceeleration; Reznedies. Lxcerrt as provictecl in � �ar.xgrupli 17 liereof, upon F3orron�er 's hrese3i of anq
<br /> � covenant or sgreement of Borrowei• in this �Tortgagc; includin� tlic covensnta to p:�y u�hen due any sunzs secured
<br /> ' by this Diortgage, Lender ��rior ko acceleration shssll inilil noticc ko I3oi•ro�ver as � �rovideci i7i paragraph ] 4 liereot ,
<br /> ,` �`, specifying : ( 1 ) the breach ; (2 ) � he :iction rc<�uired tq cure such In•cacl� ; 13 ) h date, not ]ess tlian thirty� days
<br /> '.+ Yroni the dAte the notice is �nniled t� 13orro��•er, li�� n�l�icli �ucli hrench must be cured ; ancl ( 4 ) that. failure. to cure
<br /> � �uch ' breach on or before the date specified in tlie notice m<iy result in acceleration of the swn� secured by- this `
<br /> ' Mortgage and sale of the Property . If the breacli is not cared on or 6efore tl�c dat.e s}�ecified in tl3e notice, Lencier
<br /> ,
<br /> ; at T.ender's option uiay declnre all of the sums secui•ed by this \lortgage to be iinmedi�tcly due :�nd payable
<br /> � � � wit}�out �further, demancl anci may� foreclose tl�is Mortgage by judicial pi•oceeding. Lencier s6a11 be entitled� to� collect �
<br /> 7 in such proceeding all expenses of foreciosure , includiug, hut not limited to, costs of docwnentary evidence,
<br /> ' � abstracts and title reports.
<br /> + 19. Boaoweis Right to Reinstate. \*otwitl�stnnding 7,ender's scceleration of the sums secured by this
<br /> � Ivlortgage, Borrower shall have tlie right to havc 4n,V proceed�ngs begun by I.ender to enforce tk�is i�lortgage dis-
<br /> continued at any time prior to `entry of a �udgment enfoYcing this \Iortgage if : 1zl Borrower pays Lender all
<br /> sums which would be then dve under this � Iortgage, Yhe ;vTote and notes �ecuring Fiiture �dcances, if any, had no
<br /> � aceeleration oecurred ; ( b ) Borrower cure.: nll hreaches of anti• oiher co�•c:nants oi• x�mements of Bm•ro;ver con-
<br /> ' '" tuiaed in tfiis '�Zortgage ; (c ) Borrowe: pays s �� 1 e
<br /> w Il reasonat, .c �:� �cr es ir.curred h}• i.c.^.der :n enfo:ri^� t},c covensr.ts
<br /> � and agreements of Borrower contained in thie \Iartgage and in enf��ring Lencier's remedies ns provided in Para-
<br /> ; � graph 18 hereoi; ineluding, bnt not limited to, reasonable attorneti•'.� feea : and id1 Borro�ver takes such action as
<br /> Lender may reasonably , require to assure fhat the liexa ' of th �s �Iortgage . Lender's interc;si in the Ptoperty :�trid
<br /> ' Borrower's obligation to pay the sumc secured }ay thi� �lortgage Ghall continue iuiimpaired : LT7ion such ��ayment �
<br /> £ and eure by Borrower,' this Mort,gage and the obligations secured hereb�• sl�xll remain in full foi•ce and effect as if � , •. �,
<br /> : 3 no acceleration had occurred. , ` � - �,, h ,, �
<br /> i 2Q: Assigna��at of Renta; Appoiatmeat of l�eceiver, Leadez in Possession. As additional secursty l�ere- x` "'"a
<br /> � under, Borrower'hereby assigns to Zender the rents of the Property: `providecl tl�at Borro�i�er shall , prior to acceler- ^'x
<br /> ation undei paragraph 1$'hereof or abandonment of tl�e P�b��erty , l�sve the rigl�t to collect and retain such rents ' ^«'��
<br /> ;� ' ; ss,they ;hecome due and payable. �`� �
<br /> . . . ��
<br />� � lipon aeceleraf,ion under paragra�I� I $ Lei•eui or auanuuti�ueni oi tilie Yio� �er�y , i.eu�ier, in F�erear, i�y x�;eni �
<br /> �: ,.� .
<br /> ; � ur by } utiic:ixlly a�yoiutc�i x'�ceivea• al�,ull I,:s cntiW�tl lu �ntcc i.puu . take },a�e.>,iai,- �I au� �uai�nge tLc SroperLr- . .� :. .
<br /> and to collect the rents of the Property, including those past due. 9l1 rents- callected by� Le�ider or tl�e receiver a„;:'
<br /> shalI be applied first to payment of the costs of managernenC of the Property and colleciion of rents, including , but, �
<br /> � � � �� npt 3imited to, rereiver's feea, ��mmi��ms pn � reeeiver'Q hnn�i< ;�n�i r�aFonr,ihle vtt �rnrv'< irP�, nn�i ihPn t� rh� �inn�:
<br /> � securedby this Mortgage: Lender �nd the receiver shaU be liable to account onl� for those rents uctually received .
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