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<br /> not extend ar postpone tlie due date of tl�e iuonthly install�nent.s rr.ferred to in paT•agraphs 1 and 2 hereof or , �
<br /> chanse the an�ount of sucli installments.
<br /> 10. Boaower Not Released. Extension of tlie time for ��ayment or modification of umorLization oF the sums
<br /> secured by this yfortgage granted by I.ender to any siicceesm• in interest of Borrower shall not operate to release,
<br /> in any manner, the liability of tlie original I3orrower and Borrower:s successors in interest. Lender shall not be
<br /> required to commence t�roceedi3igs against, such successor or refuse io extend time for F�ayrnent or otlienvise modify
<br /> amortization of the sums secured by tl�is \iortgage by reasou oC any tiemand made by the 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 otherwise afforded by applicable lao�, sl�all not be a wai✓er of or preclude the exercise of sny right -
<br /> ',' or remedy hereundei: The procui•ement of insurance or the payment of taxes or other liens or charges Uy Zender
<br /> � shall not be a wnivei• of Lender's tight to accelerate the maturity of the indebtedness secuTed by tliis Mortgage.
<br /> �. 12. Remedies Cumulative: Ail remedies provided in this lTortguge are distinct and cumuls;tive to any other
<br /> � riglit or remedy under' this �Iortguge or :�fforde�i 1>y la�r or equit,y, and ' may be exercised concw•rently, independ-
<br /> '; �a ently or successively. ' :
<br /> �. 13. Successozs and A.ssigas Bound; Joint mzd SeveraT Liability; Captious. The covenants and agreements
<br /> herein contained shall 1�ind ; and the rights hereunder �hall inure to ; tl'ic respectivc successora and assigns of Lender
<br /> � r and Borrower, subject to the provisions of paragrapl� ] 7 hereof. All covenants and agreements of Borrower shall
<br /> � be. joint and se�•eral. The captions and lieadings of t.l�e paragra��hs of this \iortgage are for convenience only and ,
<br /> (�, are not to be used to interpret or define the provisions I�ereof.
<br /> 24. Notice. Any notice to Borrorver jirovidee{ for in tt�is iiortgagc si�al[ he given by inaiting such notice by
<br /> certified mail addressed to Borro�ver at. the Property Address stated below, except for uny notice required under
<br /> paragraph I8 hereof to be given to Borrower in the manncr prescrihed by applicable law. Any notice provided
<br /> for in this \-Iortgage �hall hc deemed to have been given to Borro«�er when given in the mauner design�ted herein:
<br /> 15. Uniforsn Mortgage; Goveming Law; Sevezability. '1'his form of mortgage canbines uniform covenants
<br /> for national use and non-uniform covenunts �vith limited variations by jurisdiction to constitute n uniform secu-
<br /> ; ` rity inatruinent covering real property. 'I'his 1lortgsge shall be governed by the latis of the jurisdiction in which
<br /> � the Property is ]ocated. In the event t6at any provision m• clause of this Mortgage or the Note conflicts wit6
<br /> '; applicable law, such conflict shall not affect other provisions of tliis \Iortgage or the Note �vhich can be given
<br /> effect without the conHicting provisiori, and to this end the provisions of th�e .l�tortgage and the Note are declared '
<br /> to be severable.
<br /> � 16. $orrower's Copy. Borrower shall be furnished a conformed copy of this �Zortgage at the time of execu-
<br /> � tion or after recordation l�ereof.
<br /> � 17. Transfer of the Property; Assumption. If nll or any part of the Property or an interest therein is sold
<br /> or transferred by Borrower without Lender's prior written consent, excluding (a) the creation of a lien or encum-
<br /> ;; brance subordinate to this Mortgage, ( b) the creation of s purehase money seeurity interert for household appli-
<br /> ; ances, (c) a transfer by devise, descent or by operation of la��• upon the deat,h of a joint tenant or (d ) the grant of
<br /> j any leasehold interest of three years or less not containing au option to jwrchase, Lender may, at Lender's option,
<br /> '� declare all the sums secured by t:his Mortgage to be iu�mediately due snd puyable. Lender shall have waived such
<br /> option to accelerate if, prior to tLe sale or transfer, Lencier and the person to whom the Property is to be sold or
<br /> � transferred reaeh agreement in tvriting that tlie crecfit of sucli person is satisfactoiy to Lender and that the interest '
<br /> payable on the sums secured by this D•Zortgage shall be at sucl� rate as Lender shall request. If Lender hAs waived �
<br /> � the option to aecelerxte provided in this paragrapl� 17 and if Borro�ver's successor in interest has executed a wri£-
<br /> 2 ten assumption agreement accepted in writing bp Lender, Lender shall release Borrower from ali obligations under
<br /> this Mortgage and the N'ote.
<br /> $ If Lender exercises sucli option to accelerate; Lender shali ±nail Boi•rower notice of acceleration in accordance
<br /> �vith paragraph 14 hereof. Such notice sh�ill pro��ide a period of not less than 30 days from the date the notice is
<br /> �; mailed within which Borrower rnay pa}• the sun�e declared due. Ii 13orrower fails to pay such sums prior to the
<br /> ' expiration of such period, Lender may , ���ithout furt,l�er notice or demand on F3'orrower, invoke any remedies per-
<br /> j; mitted by paragraph 18 hereof.
<br /> i Nox-UxiFORnz CovExnxTs. Borrower and Lender furtl�er coveuant and agree as follo;rs :
<br /> �' 1B. Acceleration; Remedies, Exce�it u� pro�� i<led in purugrn�>li 17 hereof, upon Borrower's breach of any
<br /> � covenant or agreement of I3orrower in this 3tortgagc, including tlic covenants to �>ay ��•hen duc any �uins secured
<br /> 4y t,his \iortgage, Lender ��rior to acceleration sliall mnil notice t.o I3orro�r-ei• as ��rovided in paragraph 14 l�ereof
<br /> specifyingc ( 1 ) the breach ; (21 tl�e action required to cuir sucli breticl� ; (3 ) a datc; not, less tl�an fhirtV days
<br /> � froni the date tlienotice is n�ailed to I3orron�er, by 1+�hicL suc6 b�•cacl� wust bc �cw•i:d ; and (4 ) � that tailure to cure
<br /> such breach on or betore the date specified in the notice �7iay i•esult in accelerativn of tl�e suinc secured by this
<br /> Nlortgage and sale of the Property. If the breach is not cured on or before tl�e date specified in tl�e notice; Lender
<br /> at Lendcr's option inay declarc all of thc sums secw•ed by tl�is liortgage to he innneaiiitel,y due nnd paya�ile
<br /> without further demand and may foreclose tl�is \fortgage by judicial proceeding. I.ender shi;ll he entitled to �ollect
<br /> in sueh proceeding all expenses ot foreclosure , including, biit not linyited to, eosts of docuinentary evidence,
<br /> abstracts and title reports.
<br /> ; 19. Borrowere Right to Reinstate. Notwithstanding l,endei', acceleration of the sumG secured by this
<br /> Mortgage, Borrower s6a11 have the right. to huve uny proceedings begim U,y I,undcr t,o enforcc this �4ortgage dis-
<br /> continued st any time prior to entry af a judgment enfo�cing tl� is \lortgage if : ( a ) Bon�ower pays Lender all
<br /> sums which would be then due under t.his 1Iortgage, thc Note ancl notes securing F'uture Advance�, if sny, had no
<br /> acceleration occurred ; ( b ) Borrower cures nit 6reuches of an�� ot}ier co��cnsnts or agreecnenis of Borrower con-
<br /> tainecl in this IvSortgage ; �c ) Borrower pays all reasonable esa�ens�s in�urre�i hv Lend�r in �•nforcing thc covE�n:�nts
<br /> and agreements of Borrower contained in this \fortgaRe and in eniorcin� i.ender's m�nedies eis provided in par�,-
<br /> graph I8 hereo£, including, but not limited to, reasona�ble attorney 's fees ; anc9 ( d ) Borrower tnkes such action as
<br /> Lender may reasonably requiTe to assure that the lien of tliis \tortgagc , Lr.nder's interest in ihe Property nnd
<br /> Borrower's obligation to pay the sums secuTed b,y this �lortga�e shall continue unimpaired . Upon such pa��ment , 4
<br /> and cure �y Borrower, this Mortgage and the o}�li�xtion: .ecured hereb}• shall re�t�ain in full force and effect as if �., ` � -, r
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<br /> no acceleration had occurred. ;
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<br /> 20. Assigament oi Reats; Appointment of :Receiver, Lender in Possession. As additional security here- �° . �
<br /> � , under; Borrower hereby assigns to Lender the rents of tt�c �'ropert.y, 7arovidc¢ that Borro�ver shali , prior to acceler- � �ra;
<br /> ation under paragraph 18 hereof or abandonment of the Pro�erty, have the right to collect and retain such rents , ,r���;'
<br /> as they become due and payable. .� , �, • ,
<br /> Upon acceleration unArr �aragranl� 18 1ie:rof or ;;harclon:t:en: o. thc Yroper.i-, Lender, in Per,on, trv agenE ` �
<br />� or bv judicially aauoinGed receiver Rha11 Fie entitleri to enter ul�or. , ta?ce nos�cs�ion of and �nana�c the �'ropert-y , � .
<br /> and to coliect the renta of the Property, including ,those past, due. All rents collected by I,ender or tLe receiver � �
<br /> ` shali Ue nppiied firat to payment of the costs of management of the Propert,y and collection of rents, including, but
<br /> not limited to, receiver's fees, premiums on receiver'c bonds and reasonxble attorney's fees . and then to Y,hN samc
<br /> � secured by this Mortgage. Lender and the receiver sliall be I�:ible to account only for those rents actu�lly received . �
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