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<br /> �' not extend or pnst.ponc the due date oT tlw mm� 't ]71y iuscnllment � referred to in p;iragraZ�hs 1 and 2 hereof or I
<br /> chan�e the ucnoiani of such instnilments. ;
<br /> 10. Borrower Not Released. Extensiou otthe time ior pa}�ment or modific�fion of amort.ization of the sums
<br /> secured by ttiis Mort,g.�ge gr:.nted liy I.encler to any �uccessor in interest, of Borro�r-er sliall not operaie to release, j,
<br /> in uny ninnner, the7iabilit�� of tl� e original Borrowei• aud 13ura�o�cer', succe�sors ii� interest. Lerider shall not be
<br /> required to cominence proeeedings against sucla successor or refuse to extend time for•,payment or ot.herwise modify
<br /> � amortization of the suius seeured by ti}is \fortgage Gy reason of ciiiy denianci mude by the original F3orrower rsnd
<br /> � Borrower's euccessocs in intei•est:
<br /> 11: Forbear�ce by LEnder Not a Waiver. �ny forbearance by Lender in exercisin� any right or remedy
<br /> hereunder, or otl��r�vise afforded by applicable la�b, shall not 1>e n waiver o� or preclude the exercise of any right
<br /> " or remedy l�ereunder: Tlie procurement af insurance or the Xxayn�eni of ta,xes or other liens or charges by Lender
<br /> shnll `not be a waiver 'of Lendei's ri�ht to accelerate the maturity of the indebtedness secured by this A�Iortgage.
<br /> ' 12. Remedies Cumulcitive. . AIt remedies provided in il�is \lortgage are �listinct snd cumulative �o any other
<br /> � right or remedy under this \Iorfgage or .xf'fm•cicil hc l:s�v or equi�}• , anij may be exercised concurrently , independ-
<br /> � ently or successively.
<br /> � 13: Successors mid Assigns Bound: Joint and Several Liabili+ty; Capfions. The co��enants and agreements
<br /> � herein contained shall bind , nnd the rights hereunder �hall inure to , thc respective successors and assigns of I:ender
<br /> � a.nd Borcower, suk>jeot to the provisions ot ��:aragrapl� 17 hereof. All covenants ancl agreements of Borrower shall
<br /> � be joint and severaL The csptions and headings oi t.lre �>arsgrapii, oi iiii;= :� i�rtgage are ior com•enience oniy and
<br /> � are not to i�e useci to interpret or definc: Clic provisions hereof.
<br /> � 14. Notice. Any noticc to 33orro�ver procidcd for in this tlortgage shall be gi��en by mailing such notice Ly ,
<br /> ° ; Z`�. certified msil addressed to I3orro�c�cr at thc I'roperty �drlress ,tated belo��•, except fm• any notice required under '
<br /> �aragr� ph 18 I�ereof to be given to Bm•ro���er in. tl�e manner prescribed by applicalalc la�ti�. Anp notice provided
<br /> for in this hlortgage shall bc deemed to ha�•c becn �i��en t.o Borro�cer wheu given in ihe �nanner designated lierein.
<br /> 15. UniEorm Mortgage; Goveming Law; Severability. This toru� oC 7nort�ssgc cornbines uni#onn �iovenants
<br /> for national use and non-uniform coven� nfs �vitli limiteci �•ariations by� jurisdiction to constitute ,> unifar*n secu-
<br /> � rity instrument covering real property. This liortgage shall be governed by the law ot the jurisdicLion in wl:ich
<br /> the Property is located. In the event that any provision or clause of this �4ortgage or t.l�e Iv�ote conflicts with ;
<br /> ; applicable lttw, sucli conflict shall not uffect atl�er provisions of this \lortgnge or the Note which can be given 1
<br /> � effect without the con[iicting provision ; nnd to thi� end the � n•ovisions of the \Iortg�ge und the Note are declared
<br /> ; to be severable.
<br /> y 16. Boaower's Copy. Borrower shall be furnisheci a conformed cop,y of this 14ortgage at the ti:ne of execu-
<br /> i tion or after recordation hereof.
<br /> 17. Transfer of the Property; Assumption. If ail or uny pssrt of t.he Property or a�i interest therein is sold �
<br /> or transferred by $orrower without Lender's prior written consent, excluding (a ) the creation of n lien or encu�z,- ;
<br /> Urance subordinate to t{iis ASortgage, ( b ) the creation of a purcl�asc money security interest for househoid appli -
<br /> a�nces, ( c) u transfer by devise, descent or t,y operatioii of la��� upon tl�c. death of u joint tenant ar ( d) the. grant of
<br /> any leasehold interest of tirree years oi• less n�t. containing su option to purchase, Lender may, at• Lender's option,
<br /> � declare all ttie sums securedby this Mort,gagc to be iuiu�ediately due and payable. Lender shall have waived such
<br /> ,� option ta accelerate if, prior ta tl�e sasle or transfer, Lencier 2nd the person to �+•hom the Property is to be sold or
<br /> s tranafened reach agreement• in wTiting that the credit ot such per,on is aatisf:�ctory to Lender and that the interest
<br /> � payable on the sums secured by this Mortgagc sliall l�e at sucL rstc as Lender shall request. If Lender has waived �
<br /> i t2ie option to accelerate provided in this parugrapli 17 snd if }3orrou�er'S successor in interest has executed a writ-
<br /> ten assumption agreement z�ccepted in writing b,y I.ender, I.ender shall release Borro�ver from all obligations under �
<br /> � this Mortgage and the Note.
<br /> � If Lender exercises sucli option to accelerate, I.ender shall �nait 13m•rower notice of acceleration in accordance
<br /> �vith paragraph 14 l�ercof. Sucl� notice shall pro��id� u period oi not less tlian 30 days from the date the notice is
<br /> mailed within which Borrower �nay pay the su�ns declared due. If Borro�ver fails to pay such sun�s prior to the
<br /> expiration uf suclz period , Lender inuy , without furtl�er notice or demand on I3orrotiver, invoke any remedies per-
<br /> s
<br /> mitted by paragraph 18 ]zereof.
<br /> ' \'ax-UxiFoaat CovExnxTs_ Iiorrowe �• and Lendei• furtl�er covenant and a�;rec as fo]] ows :
<br /> 18. Acceleration; Remedies, Exce��t a� pro��icled in � icu•ugr.i � �li 17 liereof, upon Borrower's breach of any
<br /> covenant or agreement of Borro�ti•er in tliis \iort �a�;c, iiicluding tlic co��en3nts to pa�� «�hen due :an�� ,umg secured
<br /> by tiiis �fortgage, I:ender In•ior to aceclei•ation �liall uu�il notice to Borro��-er as 7�rovi�led in paragrapL 14 l�ereof
<br /> �pecifying : (1 ) the Ureuch ; (2) the action rcquired to cure .uch hreacli ; 131 a datc , not less tluin thirt,y days
<br /> from the date the noticc is ma�led to I3orro���cr, I�p �chicl � �ucli lire.ich u�u�t. be c�n�ed ; �nd f4) thai Isilurc to cure
<br /> such breaeh on or t�eFore the date specified in the not.ice iiuiy result in accelcration of the ,uui� secured by this
<br /> Mort.gage t�nd sale ofthe Property. if the brcacl� is not curect oi: or before ihe date sgccifir. d in tl�e natice , Lender
<br /> 3i I.ender's optiom may declai•c nll of the sutn� secured 1>y tlii; �lortgxge to be iii�inediate]y due .and pa,yable
<br /> without further demsnci and inuv foreclose. tLis \lortgc�ge b�� ju�9icial proceediiig. I.endcr shall be entiCled to collect
<br /> in such proceeding all expeuses ot foreclosw•c, includin�, huf uoi li�nitecl to , costs of documentary evidenec,
<br /> at�straCts snd title i•eports.
<br /> ; 19. Hoaower's Right to Reinstate. Notµ�itl�standing Lendei's ucceleration ot the sunis secured by this
<br /> Mortgage, Bormwer shall have the right to ha��e sny proceeding� begun 6y Lenc9er to enforec this \iortgage dis-
<br /> continued xt any time ��rior to entry of a jndgnient. enfbScing this tiiortgage if : tnl Borro�ccr pays Lender all
<br /> svms whioh would be then due under this \Iortgagc , thc \'ote and nofes securing Futtme Ad�•ances , if any, hnd no
<br /> acceleration occurred ; Ibl Borrower cure� ull hreache� of any other co�•enants or x�reen�ents of Horrower con-
<br /> i+�ined in this Norta?ge ; (c ) Borrower pa,ys all reasonablc es�aen�es incurred by I,ender in enforcing tl�e eoti•enants
<br /> and agreemenr ; of $orrovc�er contained in this tlortgage and in enforcing T.ender '.� remedies as provided in parn-
<br /> � � � graph`18 l�erF �f, �ineiuding, buf not limited T,o, reflsona�ble attorne�• '� fee� ; and (ei ) I3orrower takes such aetion as � � � �
<br /> � Lender may ceasonably requiTe ta assure khat the lien of this �Iori�agc, I:ender's interest in the Propert,y and �
<br /> Borrower's obliga*ion to pay the sum5 secured hy # his \Sortgac;e shall rontinue imim�»ired , L?pon such �3yrnent „ �� " ` �,
<br /> ... � . .
<br /> and cure by Borrower, tliis 34ortgage and tl�e vbligations secured 1�creU�• shall re�naiu i�i full foi•ce and cf�ect as if '' ` �,u .'
<br /> ' no acceleration had occuned. `� � �w:
<br /> 20. Assiqnmeut of Rents; Appoiatmeat of Receiver; Lender in Possession. As additional security l�ere- �" �,
<br /> � under; Borrower hereby assigns to I.ender the rents oi the ProperK ,r'. j�ro�'ided tl�az Borro�-er sha11 , prior to acceler- =; ;� s
<br /> � ation under paragraph 18 heceof or abandonment of the Property, hs��c the right to colteM. and retain such rents ` ' �5�� �.
<br /> � �.s they became �3ue and rs}sble,
<br />� 'fTpc�n acceleration ttnAPr j�nra�ra�h i8 hereo{ ar �sba,ndonment uf the 1'to��r�rh�� . Lender . in � nera�m , L�> agr.nt �
<br /> � or by'judicially appointed receiver shall hc entitled to enter upon, take pos�e��ion of und ivanage t�hc Propert.y �� "" ��
<br /> and to collect t.he rents' of the Property; including those 1��st due. .111 re��ts collected t�y Lendcr or the receiver �
<br /> shall be applied first to payment of the costa of tiian�gement of tl�e Property= and collection of mnt., , including, but
<br />� �ioC ii�iiiGeu i�, receiver's iees, premiums on rcceiver's iaonci� and mz+.sm»i�ie aitorney's t< es . .in�i tnen to i:iie sums
<br /> � '
<br /> secured by this Mortgage. Lender and the receiti�er �hall be liable to iccaunt only for those rents actuall}� recei��ed . �
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