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<br /> Q� not extend or 7iost.pone the due date of 'the inontlily- installments referred to in p�ragraphs 1 and 2 hereof or
<br /> Q'� change the smount of sucl� installments. .
<br /> pCj l0. Bonowez Not Released. �xtension of the time for �>aytnent oi• �nodification of ainortization of the sums
<br /> � secured by this _l�Iortgage �ranteci by Lender to a�ny si�ccessor in interest ot Borro�ver shall not .operate to Telease,
<br /> �.""�., in any 5i3annerf ti#�e liabilitp of the ori�inal Borrosver and Borrowei's successors in interest. Lender shall not be
<br /> Y � ' requixed to coinmence proceedings 'against such successor or refusc fa extend time for payment or otherwise modify ' _ � `.
<br /> ' amortization of the sunrs secured by tl�is �lortgage i>y reason of any demand macie by the original Borrower and
<br /> ; h Borrower's successors in interest. ' ` f; ; r
<br /> � � 11. £ozbearaace by Lender Not a Wciver. Any forbearance by Lender in exercising any right or remedy
<br /> # - hereunder, or otherwise afforded by applicable la�v; shall not be a �saiver of or preclude the exercise of any right ! . ,.
<br /> g ' or remedy hereunder. Ttie procurenient of insurance or tl�e payrnent of taxes or other Iiens or charges by Lender
<br /> � � shall not be a waiver of I.ender's right to accelerate the ixiaf,urity of the indebtedness secured by this Mortgage. �,
<br /> „ 12. Remedies Cumulative. All remedies provided in tl�is \Qortgage are' distinct and cumulative to any other , ;
<br /> � right or'remedy 'under ttYis :�Iortgage ox• afforded hy lan� or equity, ' and may� be exereised concurrently, independ- ; , r ^ :
<br /> ; ently or suecessively.
<br /> ; 13. 'Successors and Assigas Bound: Joint �d Several Liability; Captions. T}ie covenants and agreements ' '
<br /> R herein contained shalT bind , and the Tiglits l�ereunder �hall inure to, t}yc respeetivc successors ;�nd assigns,of Lender
<br /> � and Borro�ver, suUject to the provisions of paragraj�li 17 her�of. All covenants and agrecn'�ents of Borrower shall
<br /> be jointi and several . The cap6ions and hendings of t.6e �riragra��hs of this \tortgage are for convenience pnly and , ,
<br /> j ure not to ba used to interpret or de&ne tl�e provisions I�ereoL 1'
<br /> � 14. Notice. Any notice to Borro�ver provided for in tl�is \lortgcage st�all be gi��en by mailing such notice by
<br /> jcertified inail addressedto Borrower attl�e Property Addi•ess stated bclo�v, exeept for :�ny notice required under , '
<br /> � paragruph i8liereof to be given to Borro«�er in thc niannec prescribed bti� ap��licr�blc ].nv. Any notice provided � ,
<br /> , ,� for in tl�is �llortgage shall be deenied to havc be�n given to Borro�+•er �t-hen given in t{ie manner designated herein:
<br /> 15.' Unifozm Mortgage; Goveming Law: Severability. '1'his form of mortgage combines uniform covenants
<br /> � for national use and non-uniform covenants �vith limited variations by jurisdiction to constitute a uniform secu- ;
<br /> .'� rity instrument covering real property. This \Iortg�ge shall be governed by the law of thc jurisdiction in which [
<br /> � the Property is ]ocated. In the ever�t that any provision or clause of tl� is D4ortgage or the Notc conflicts with �`
<br /> � ` applicable law, such confiict shall not ��ffect otl�er provisions of this \Sortgage or the I�Tote whieh can be given
<br /> + F effect withouGtlte conflicting provision, and to lhis end the provisions of the llortgage and the Note are deciared
<br /> �, � tobeseverable. = � :
<br /> 16. . Borrowei s Copy. Borrower shall be furnished a conformeci copy of this 14ortgage at the time of execu- `
<br /> � tion or after recordation hereof.
<br /> � 17. Traasfer of the Properiy: Assumption. If all or any part of tl�e Property or an interest therein is sold '
<br /> or transferred by Fiorrower without Lender's prior writtes� consent, excluding (a ) thc creation of :� lien or encum- .,a
<br /> � branee suUordinate to this Mortgage, ( b ) the creation of u purchase money security interest for liousehold appli- ;
<br /> ances, (c) a 'transfer by devise, descent or by operation of lan� upon the death oF a joint tenant or (d ) the grant af �
<br /> � any leasehold interest of three years or less not containing un option to purchase, Lender may, at Lender's option, �
<br /> ideclare all tl�e suins secured by this Mortgege to Ue iminediately due atid payable. Lender shall have �vaived such
<br /> + option to accelerate if, prior to the sale or transfer, Lender itiid the person to whom t }ie Property is to be sold or
<br /> ` ? transferred reach agreement in writing tl�at the credit of such person is satisfactory to Lender and that tlie interest
<br /> } payable on the sums secured by this Dlortgage shnll be at sucii rate as Lender shali request. If Lender has waived ;
<br /> � the option f.o accelerate provided in this paragrapl� 17 and if Borrower's successor in interest lias executed a writ-
<br /> , � ten assumption agreement accepted in �vriting by I.endei•, Lender shall release Burrower froin sli obligations under
<br /> , `s" this Mortgage and the Nate.
<br /> � If Lender exercises such option to accelerate Lender shall mail Borrower notice of acceleration in accardance
<br /> �vit}a paragraph 14 hereof. Such notice shall proride a period of not le,.s t6an 30 days from t,he date the notice is
<br /> � iYiailed within which Borrower inay �>ay the sums decl�red due. If Borrowcr faiis to pay .uch sums pnor to the
<br /> a expiration of such peciod, Lender may , without fwther notice or demand mr Borrower, invoke any remedies per :
<br /> i 4 mitted byparagraph 18 hereof.
<br /> � � iv�ox-LTxiFoans CovExnrTs. Borrower � nd Lendei• further coeenant and agree as follo�vs :
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<br /> g 18. Aceeleratioa: Remedies. Except !s ps•o�•ided in � �aragra� �h 17 ]�ereot , upon 13orrower's breacii of any
<br /> � � covenant or agreement of Borro��•er in thi, _liort �n�;c, including tlic covenants to psiy �vhen duc any sun�s secured
<br /> � by this Alortgage, I.ender prior to accelerution s3iall mail notice toBorru�� cr 2s �n•ovided in tiaragrnpl� 74 l�ereof .
<br /> specifying: ( 1 ) the breacl� ; j2 ) tl�e actSon recauired to cu�r such hrearli ; 131 a dutc , not less tl�an thirt�• days
<br /> � from the date the noticc is iusile<t to 13orro«•cr, f�y �� l�icl� ;act � I�rcach u�ust lie cured ; and (41 thst fxifw•c to cure
<br /> ' � such breach on or before tl�e date specified in ihe notice mzay resuit, in acceleration of the sums secured by this
<br /> : � blortgage and sale of the Propc•rt,y . If tlie brE�ach is not cured on or hefarc the date speaificd in tl�c notice, Lender
<br /> - � at Lender's o�tiiom may declare all of fhe swns secured by Yhis J�Iortgage to be imia�ediatcly ciue and payaUlQ
<br /> = � with�ut further demand anci may foreclose tl�is �lortgaige by� .judicial ��rooeeding. Lender shall be cntitled to collect
<br /> in such �roeeedin�; all expenses of foreclosurr, incluciing, hut not li�uiteci to, costs ot documentnry evidence,
<br /> i abstracts and title reports.
<br /> � 19. Sonowei s Right to Aeinetate. 1`oiµ-ith;ta��ding I.evder's ac�celeration of tl�e suxus secured by tUis
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<br /> ' a Mortgage, Borrower shall have the right to have nny proceedings l�egun t>y Lendei• to enforce tliis lZortgage dis-
<br /> , � continued at any time prior to entry of a judg�nent enfopcing tl�is �Iortgage if : ( al Borro�cer pays I.ender a11 �
<br /> sums which would be then due under this DlmKgage, tlie �V'ote an�l notes securing F'iuure Advxinces ; if any, had no
<br /> : r ' acceleration occurred ; (b ) Borroa�er cure, aii breaclies of any othc:r co�-enants or a�rcenaents of Borrower con-
<br /> � � tau;ed in this 2vtortgage; te j Borrower pays sil reasonal>ir ea� >cnse� inrurred b� Ler�der in eniorciug �he covenanis
<br /> x and agreements o[ Borrower contained in tliis \LortRuge and � n entorcing La�a� z•:� recnedies as praiided in para,- I
<br /> ' � , graph l$ hereof, ineluding, but not ]imiked io, reasonable attorne��'s iees ; anct ( d ) 13orrower takes such action a,s
<br /> :. � Lender may reasonably,require to assure t,hat the liecr of this Jfortgage, Lender's ii�terest in the Property and p
<br /> _ r Borrower's obligation to }�ay the suxns secured by tt,�� 1-lortgage al�ail cua�titluc uuiin}>air�,�c3 . LJp�n sucl� pttyinent
<br /> � � and cure by Borrower; this Mortgage snd the obligKhom �ecured herebr ::iznll remain in Sull force �nd effect 3s if '"""�S t�"P�, '
<br /> �` no acceieration had necurred. `� j v^
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<br /> 20. 11s,sigamaat oi Eents; Appointaient of Receivar: Lender in Possession. As additional securitv here- �� ��,
<br /> . � under, Borrower hereby sssigns f.o Lender tlze rents of tlae Propert��: E�roricied tl�at Borroc+�er shall , prior to acceler- �,�
<br /> ;, g ation under paragraph 18 hereof or abundonment of tl�e Property, have fhe right to collect and retain such rents �" �'
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<br /> , ., � : : as tbey become due and psyable. - ; s,,:„� .: -.
<br /> Upon acceleration` under ara raph I8 hereof<or st>anciomnent of the Yro iert Lender, in erson , bv a ent '' ' ="^
<br />� �,`� . p� � I )' , P � � �
<br /> � �or by judicially ��appointed receiver shall �be entitleci to enter u�xon, tuke po,seccion of� and inanage the Yroperty � ��
<br /> '� and to collect th'e sents of the Property, inc3uding those Past due: .911 rents collected hy Lender or the receiver '"� � ' �
<br /> ahall be appl9ed first to payment of the costs oC managecnent of t]ie 2'roperty and collection of rents, including, hut
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<br /> � nof� li�uii� Lu� reeniver'e iee�, ��rauiiuui� uu i �ti�ivur'e Luiiu. xxii] 3en�uiusliie aiLvrxiey 'S I�a�e, aii.l tLuii Lu t,lia: ��u.a
<br /> socured by this :�'Iortgage_ Lender and the recei��er Ehall k�e liable to account onh� for tl�ose rents actunlly receiced.
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