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<br /> not extend or postpone the due date of the montLl�� installmente referred to in paragraphs 1 :�nd 2 hereof or
<br /> chunge the amount of such instaliments.
<br /> 10. BorrowerNot fteleased. Extension of the timc fm• ��a�anent or modification of nmortization of the sums
<br /> secureii Gy this Vlortgagegx•anied Uy I.ender to any �necessor in interest. of Borrower shall not operate to release,
<br /> in any lnanner, the liaUiliGy of tl�e original T3orrowei• and 73ori•o�cer's successors iii interest. Lender shall not be
<br /> requireci to coinmence 15roceedings a�ainst• sucli successor or reSuse ,to extend time for payment or other�vise modify
<br /> � amortiaation of the sums secured i3y t1�is ,Zlorigage hy reason of ;tny ciemand macle by tlie original Borrower and
<br /> Borrower's successors in interest.
<br /> 11. Forbearance by Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy
<br /> hereunder, or otheinvise afforded by applicable la�a , shall not be a �vai�er of or preclude tfie exercise of any right
<br /> � , or reinedy I�ereunder. Tlie procw•einent of insurance oi• tl�e payment of taxes or other liens or chacges by Lender
<br /> � shall not be 'a wui��er of Lender's right to acceler3te the maturity of the indebtedness secured by this Mortgage:
<br /> U, 12: Remedies Cumulative. .All rem2dies provided in tl�is 12ortgage are distinct and cumulative to any other
<br /> right or remedy under this _llortgagc or afta�dccl t�y la��� or equity, and m:��- be esercised concurrently, independ-
<br /> C ently or suocessively. ,
<br /> �"' 13. Successors cmd Assigns Bound; Joint and Several Liability; Captions. The covenants and agreements
<br /> ' `" � herein containe& shalL Uind , pnd'thc rights Lereunder sliall inure to, the respectivc successors und assigns uf Lender
<br /> � j ^ x�nd Borrower, subject to the provisions of paragrnph 17 l�ereof. _1Il coven3nts and agreements of Borrower shall
<br /> �„� bejoint and several. The captions and headin�s of tl�e paragr:aphs o( tl�is \Toz•tgage are for convenience only and
<br /> are not to be used to interpret or define the provisions liereof.
<br /> � � � � I4. Notice. Any notice to Borro�ver procicled for in � this � Ivi•t�age sf�alt ��e gi��en by rnrsiling � suc�h notiee by �
<br /> certified anail ad¢ressed to F3orro�ver st the Propert.y �<idres� st;ited helo��• , except for uny notice , required under
<br /> paragraph 18 hereof to be given to Barro�i�ei• in the �nanner prescri6ed bp ;ip�>lic�ble la�v: Any notice provided
<br /> forin this �Iortgase s}xall be deemed to h:�ve been kiven to I3oi•ro�+�er whei3 given in the in,tinner designated herein.
<br /> , 15. iJniform Mortgage: Governing Law; Severability. 'This f orm of mortgage combines w�ifarm covenants
<br /> for national use �nd non-uniform covenants witl� limite<t variai.ions bp jurisdiction to constitute a uniform secu-
<br /> ? rity instrun�ent covering real property. This \iortgage shull be governed by the ]a�a of the jurisdiction in which
<br /> the Property is located. In the event that :iny provision or clause of t.liis il�Iortgage or the Note conflicts witli
<br /> ; applicable law, such conflict shall not affect otl�er provisions of this .11ortgage or the Note which can be given
<br /> effect without the conflicting provision, and to this end t.he provisions of the iblortgage and the I3ote are declared
<br /> � to be severable.
<br /> i6. $onowei s Copy. Borrower shall be furnished a con2ormed copy of this 1lortgage 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 is sold >'
<br /> or transferred by Borrowcr lvithout Lender's prior written cunsent, excluding (a) the creution of a lien or encum-
<br /> ' � brnnce bubordinate to this VIortga�e, ( b) the creution of a purchuse money security interest for household sppli-
<br /> ances, (c) a transfer by devise, descent or by operation of la��� upon the death of a joint tenant or (d) the, grant of
<br /> any leasehold interest of three yeurs or less not containing an op#•ion to purchase, Lender may , at Lender's option,
<br /> declare all the sums secured by this 14ortgage to bc iimnediately due and payable. I.ender shall have waived such
<br /> option to accelerate if, ��rior to tlie sale or transfer, Lender uud tl�e 7�erson to wliom thc Property is to be sold or
<br /> transferred reach agreement in tivriting that ttie credit oi sucl� person is �atisfactory to Lendcr and tltat the interest
<br /> i payable on the sums secured by this l4ortgage shall be at sucL ratc a; I,ender sliall request. If Lender has waived
<br /> ' the option to acceterate provided in tl�is parugi•apli 17 and if Bon•ower's successor in interest has executed a writ-
<br /> : ten assumption agreement accepted ii� writing by Lender, Lender sl�all release Borrower from all obligations under +.
<br /> ` this Mortgage and the Note.
<br /> i If Lender exercises sucli option to accelcrate, Lender sha11 �nail }3oi•rower notice of acceleration in accordance
<br /> �vith paragraph 14 hereof. Sucl� not,ice shall pro��idc a i�erioci of not. less than 30 days from the date the notice is
<br /> mailed within which Borrower may pziy tl�e sum: declared due. If Borro�cer iails to pa,y such sums prior to the
<br /> expiration of such period; Lender inay, ��•itl�out fw�ther not.ice or demand on F3'orrower, invoke any remedies per-
<br /> ' ; mitted by paragTaph 18 1�ereoL
<br /> Nox-U:� iaciRni CovF xnxTs. Borcower and Lendei• further covenant and a�;ree as follows :
<br /> 18. Aeceleration; Remedies. Exce��t as pro�• ided in � >aragr:t� �h 17 licreof , u��on Borro�ver 's breuch of any
<br /> ? covenant or a:greement of Barroiver iu tl�is \fa•t�;age , incluciin� thc co��enants to �zn,y «�heu elue suy sums secured
<br /> ; by ihis 3lortgage, Lender prior to aceeierstion shall iu.�il notice to 13orro�ver :�s ��rovidcd i�i par,.agrupli 14 liereof
<br /> specifying : � ( 1 ) the breach ; (2 ) tl�e ziction required to cur� �ucli f >rexcL ; (3 } H �{atc, not less than thirLp days �
<br /> ' } from the date the notice is inxilecl to I3orro« er, b}• �chicli tticl � hre;LcL uttist be curcd ; r�nd (4 ) tl�ut failure to cure
<br /> ?, such Lreach on or before the dute specified in the notiec inay result in ucceleration of tl�c sums secured by this
<br /> Mortgage s�nd sale oP the Property . If the brcach is not cured or. or Uefoi•e tl�c �l�te specified iz� thc notice, Lender
<br /> at Lender's option �nay declarc ail of thc sums secured G}• this \iortg3ge to br iminediate3y� due and ruyable
<br /> x�ithout further deniand and may foreclose this Jlortgage b,y j udicial proceeding. Lender ahall be cntitled to coliect
<br /> in such prcceeding all expenses of [oreelosure , incluiling, but not liniited to, costs of docw�ie��tary evi�9ence,
<br /> ; abatracts nnd title re�orts.
<br /> 19. Borrower's ffiqht to Reiastata. Nottvitl�standing Lender's acceleration of the suni� secured Uy this
<br /> � Mortgage, Borrower shaii have tdie right to huve any proceedings begun bp I,endcr to enforcr. this \Zortgage dis-
<br /> j continued at any time prior to entry of a judgment. enfcixeing this \1'ortgage if : (a ) Borro�ver pays Lender all
<br /> sums which would be then due under this '�lortqa�*c, the Note aud notes securing Future Advances, if any, had no
<br /> acceleration occurred ; (b } $ormwer cure� all �reaclic4 of any other co��enant � or sgreemenYs of Borroµer con-
<br />� tained in this Mortgage ; (c } Borrower p�ys utl reusonsble espenses incurred hy i.ender in eniorcinR ihe covenanis
<br /> and agreements of Borrower contained in this �fort�;u�;e and in en[orcing Lendcr 's reinedies z�s ��rovided in para-
<br /> graph 18 hereof; inciuding, but not limited to, reasonabie nttm�ney'� tee.� : �ncl ( d ) Borrower takes such action as
<br /> Lender may reasonably require to assure tLat. thc lien of this liortgage, 3.ender's interest in the Property and
<br /> $orrower's obiigation to pay the sums seeured !�v this \Iortgage �l�sll continue unimpaired. Upon such payment
<br /> and cure by Borrower, this Mortgage and the obligations .ecured lierebJ• shall rernain in full force and effect as iF ,y��
<br /> no aeceleration hud occuTred_
<br /> ? 20J Assignment of Renta; Appointment of Receiver. Lender in Possession. As additionfll security 6ere- €� � Y "'�
<br /> under,:Borrower hereby assigns to Lender the mnts of ttie Pro�ert}�; pro�•ided tl�at I3oxro��•er shall , prior to acceler- `�
<br /> ' � ation under paragraph 18 hereof or abandonment of the Property; tiave tlre right to coltect and retain such rents "' s'"«
<br /> as they. become due $nd paysbie. �"��"
<br />�r � � � � or bv � udiciaiiv�u �i �o nted��r paragraph 18 h�rPnf or ahr�,ndonmPnt of t}zn � YroP�,•ty , I.nnder, in j,Pr�ot,� , h� ngen± " ' �
<br /> 1 , � � } - receiver xhafl lii� enfitle<9 to rnt.er upon , take nos�e�:�ion of tintl »ianKge t.h� Px•o��ert.y
<br /> and to collect the rents of the �roperty, including those past due. �11 rents collected bv I.endcr or t.lie receiver �
<br /> �chall be applied first topayment of the costs of �uanagernent of tl�e Prol>erty and collection of rent:, including, l�ut �
<br /> not limited to, receiver's fees, premiums on receiver's Uond. snd reaspnnble at.torney's fees, and tl�en to the suins
<br /> secured by this Mortgage. l.ender and the receiver slsall be liable to account only for thvse rents actuslly received.
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