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<br /> not extend or post•pone tlre due date of the monthly instslhuenYs referred to in paragraphs S and 2 hereof or
<br /> change: the amount of sucl� installinents: '
<br /> 10: Borrower Not Released. Extension of tl�e time for pa��ment or modification of amortization oi the sums
<br /> ' �«� secured by this Mortgage gr� nted Uy I..ender to any successor iu 9nterest. of Borrower shall not operate to release,
<br /> Cl2' in any 'inanner, tlie liability of fhe original 13m•ro�ver :�iid 13orro�cer's successor, in interest. Lender shall not be
<br /> �`" required to coinmence proceedings agsinst sueli successor oi• refuse to exiend time for p�syment or othercvise modify f ,,
<br /> � ` �7'� umortization of the sums secured by this �lortgage by reasoi� ot any ciemand mude bY the original Borrower a,nd z
<br /> G Borrower's successors in interest.
<br /> � 11: Fozbearance by Lender Not a Waiver. tlny forbearance by Lender in exercising any ri�ht .or remedy `
<br /> � liereunder, or othelr�vise afforded by applicable la�v , shall not i�e a waiver of or preclude the esercise of any right ,
<br /> ; r,. or remedy hereunder. Thc procurament of insursnce or the payment of taxes or other liens or criarges, by Lender
<br /> ; � shall not be a �vaiver of, Lender's right to, accelerate the maturity of tl�e indebtedness secured Uy this Dfortgage. `;
<br /> , ; ' 12. ftemedies Cumulative. ' All remedies provided in tliis \lortgage :�ze distinct and cumulative to any otl�er `
<br /> y righp or remedy under tGiti 1lortgage or affordect i��- la:�� or equit}• , arni may i>e exercised concurrently, ' independ- "
<br /> � ently or suecessively.
<br /> 13. Successors and Assiqns Bound; Joint and 5everal Liability: Captions. The coverutnts and a�reernents
<br /> herein contained shall liind , :snd the rights I�ercundex• sliall inui•e to , t6e respective successors nnd assigns of Lender ;
<br /> � and Borrower, subject ta tl�e provisions of ��sragraph 17 hereof. Ail covenants and agreements of Borrower shall :
<br /> be ;joint und seveeal. The captions anc3 lieadings of the paragraplis oi this �lortgage are for convenience only and
<br /> ; are not to be used to intei�pret or �lefine the �>rovisions l�ereof.
<br /> 14. Notice. Any notice to Borro�ver pro��ided for in tfn� \Iortgage si� all be gi�•en by mailing such notice Uy
<br /> certified mail addressed to I3orro�vcr at tLc Property Adch•e�; �tnted 6elon• , except ior any notice required under
<br /> paragraph 18 l�ereof to be given to Borro�c- er in the inanner �>rescribed l�y ;ip�ilicable 13��•. Any notice provided
<br /> for in this \lortgage sh;�ll be deemed to havc been gi��en to Borro��• er ���lien given in the innnner designated herein.
<br /> 15. Uniform Mortgage; Goveming Law; Sevezability. 'l liie form of uiort.gage comUines uniform covenants
<br /> for national use and non-unifoini covenants �vit.l� limited variations by� jurisdiction to constitute ax uniform secu-
<br /> 3 rity instrument eovering reai property. 7'liis \Iortg�ge sl�all be governed by tlie la«� of the jurisdiction in whieh
<br /> ; the Property is located. In the event that any provision or clause of this \�fortgage or tlie Note conflicts with
<br /> ; applicablelaw, sucti conflict shall not affect. otl�er provisions of tl�is \tortgage or t.he Note which can be given
<br /> j efl'ect without thc conflicting provision , and to this end the provisions of the \lortgage and the Note are declared
<br /> " to be severable.
<br /> � 16. Bonower's Copy. Borroiver shall be furnisl�ed n cmifoi•med copy of this 14oi•tg� ge at the time of execu-
<br /> s tion or after recordation hereof.
<br /> 17. Transfer of the Property; Assumption. If .all or any �iart of t,he Property or an interest therein is sold
<br /> or transferred by I3orrower �vithout Lender's pria• written consent , excluding ( a) the creation of u lien or encum-
<br /> brance subordinate to this �lortgage , ( b } the creition ot s purchase money security interest for household appli-
<br /> ances, (c) a transfer by devise, descent oi• b_v operation of la�c upoii tlie death of a joint t.enant or (d) the, grant of
<br /> any leasehold interest of three years or lese not co�tainin� sn option to purchase, Lender may; at Lender's option,
<br /> declare all the sums secured k�y this Vlortgagc io be immediately due snd payable_ Lender sluill have waived such
<br /> y option to accelerate if, prior to tl�e sale or transfer, Lender .ind td�e person to �vhom the Property is to Ue sold oT
<br /> transferred reach agreement in �vriting tl�at fhe credit oi sucl� person is satisfactory to Lender and that tlie interest
<br /> � payable on the sums secured by this �Sort�age sl�all bc at such rate as I.ender shali request. If Lender has waived
<br /> � the option to accelerate provided in this paragraph 17 and if Borrower's successor in interest has executed u writ-
<br /> ten assumption agreement accepted in writing by Lender, Lender shall release Borrower from ull obligations under
<br /> this Mortgage and the Note.
<br /> If Lender exercises such option to accelerate, Lender shull enail Iiorrower noticc of a.cceleration in accordanee
<br /> with paragraph 14 hereof. Such no 'tice sliali pro�•ide a period of not lesti than 30 days from the date the notice is
<br /> mailed within wliich I3orrower inay �auy the sunis declared dur. If Borrotiver faii � to psy such sums prior to the
<br /> ' expiration of such period, Lender may, �� itl�out furtlier noticc or rieivand on I3orrower, iii��oke any remedies per-
<br /> mitted by paragraph 18 hereof.
<br /> � r � � � � �
<br /> � � � � Nox-t?xiFoa�ni Covr:xsxTs. �3orro�ver �iud �Lender furtLer co��enant and ag�ree as £ollou�s : � � � �
<br /> i18. Acceleration; Remedies. Lxcept as pro��ide�l in parngra� , i � 17 l�ereof , upou Borro�aer's breach of any
<br /> covenant or agreement of Borrower iu tliis _llort�a �c , inctu�] iug tlic covenants to pay w�hen duc any sums secured
<br /> by tl�is :�lortgage, Lender ��rim• to :acceleration sliall m�iil notice to Bori•o���cr aa I>rovided in paragrapl� 14 l�ereof �
<br /> specifying : ( 1 ) the brer�cli ; (21 tlie :ictior� required ta cucr, :ucl� breach ; 13 ) a date, not less flian t,hii•ty dxys
<br /> from the date thc noticc is inailed to l3orro�� cr , h�• ��'hicli �ucL hreacli n�ust be cured ; and (41 that failurc to cur�
<br /> such breach on or before tlie datie spccihe� in the noticc ivay result in accelerntion of zlic sums secured by this
<br /> t '��ortgage and sale of the Protierty. If tlie t�reiid� i� not cured on or befoi•e the dat<: specifiecl in tl�e not,ice, Lender
<br /> at Lender's option muy declure all of the sums secured by tl�is �fortgage tu be immediatcl,y due- t�nd paysU]e
<br /> without further demand and may foreclose tliis �4ortga�e 1>y judicial proceeding. I,ender sl�nll be entitlyd to coilect
<br /> ' in such proceeding all expenses of foreciosm•c , incluiling hut not liiuited to, costs of docun�entary evidence,
<br /> abstracts and title reports.
<br /> 19. Borrower's Right to Reinstate. 1'oi��•itl�ritundin� Lander's ucceler�tion of the ,uin� �ecured by this
<br /> Mortgage, Borrower shall have the right. to linve sny ��roceedings !>egun by Lender to enforce this ;\lortgage dis-
<br /> continued at any time prior to entry of a judgment enCo�cing this 1lortgage if : Ial Borro�vcr pays Lender all
<br /> sums which would be then due under tl�is �Zortguge, thc �'ote nnd notes securing Future Ad�•ancee, if any, had no
<br /> acCeleration occurred ; ( t� l F3orrower curer all hreaehe. uf anv ather covenants ur agreemeuts of Borrower con-
<br /> � � tnina3 iu Zltis 1ltortgaga ; (e) Borrocti-er pay's alk :ea�oaablc c��x : se: i:: r;irreri by� F_t�ncler in enfercino thc� co��enr�nt � � � � � �
<br /> and agreements of Borrower contained in t his \lortgage and m enforcing Lrnder's remeciies a� l�rovided in para-
<br /> graph 18 hereof, including, but not limited to, reasonzble attorne� 's fee� : and id ) Borrotiver tnkes such action as
<br /> Lender msy reasonably require to assure t.Lut thc licn of tLis \Iortgage , Lender's interest iv che Propexty and
<br /> Borrower's obligution to pati* the sums secured by thi� Jl�rtga�*c shall continuc imircipaired . L?pon such payinent
<br /> and cure by Borrower; this ?>4ortgage and t�e obligatians �ecured hereb�� slinll reinain in full force and effect as if ..� � - _ � •�,
<br /> no aceeleration had occurred . ' � � � ,,�'�•<<
<br /> ; $0. Assigs�meat of Reate: Appointm0at of Receiver; Lender in Possession. .�s sdditionai sec�urity here- ; ». ;�
<br /> iunder,Borrower hereby assigns to Lender the rents of tlie Propertti� , �>ro�•ided that Borro�rer shall ; prior to acceier- �' ' `� `
<br /> �± ation under Paragraph 18 hereof or aband�nment of the Property, havc the riglit to collect and retain such rents w ' i,�
<br /> as they become due and payable_ ' ��f'
<br />� Upon acceleration under paragrapi� ib liereoi or si,an�io�iiu�i�t ui �i�e Yru}�exiy , Lrr�der , iii � >ernor; , bp ageni '�` '
<br /> or by judiciaily appointed receiver 5h�1T l,�e r.i�LiLled lv �yiZei u�,un, take ; �os,�,.ian oF t�nd mar:agc illc :'ropert�� `
<br /> and to ootlect the rents of the Froperty; including those pust due. All rents coileeted hy Lender or thc receiver �,:'' �
<br /> shall be applied first to paymentrof the costs of management of the Propert,y and collection of rents, including, but
<br /> a:;t lir.:ited tc, rcecirer's fces, premiums oc rcceiver'= i,on�1� �nd rrn�onahtv attm•nPv'� iPeu. and then t.o the �um5
<br /> � secuced by this :�fortgage. Lender and the ceceiver �liall tie ]iahle to accoun# only ior thosc rents setu311y receieed .
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