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<br /> not extend or pastpon.^. thc duc dntc ul thc montlilc instnllment5 refcrred to iu pnr��;rnphs 1 iuid 2 liarcof or
<br /> � clinnge the nmount of sucL instnllme��ts.
<br /> 10. Horrower Not Released. Lxtension of thc timc ior pa}•inent or modification of :unortiznLion ot the sums
<br /> secured by this llortgage granted b�� Lender to nny �ucceesor in interest o( Borrotcer shuil not operatc to relense,
<br /> J in nny muuner, thc linbility of the original ]3orrowcr nnd 13orro��•cr's successors in inferest. Lender shall not be �
<br /> I � required to commence procecdings against such successor or retusc to extend time for pnyment or ot6erwise modify
<br /> �, umortization o( tBe sums secured Uy this \lortguge 6y ren�ou of uny demand mude by the originut Borro�cer nnd
<br /> � r„ Borrower's successors in interest.
<br /> i �, 11. Forbearance by Lender Not a Waiver. �1ny forbear:�ncc by Lender in exercising uny right or remedy
<br /> �. I�ereunder, or otl�envise affordeci bp npplienble In��•, shall not he n �cni�er oi or preelude tt�e exercise of any right
<br /> —. or remedy herew�der. Thc procuremcut of insurnnce or the payment of faxes or other Ijens or clinrges by Lender
<br /> 1 `"� shnll not be n wuivcr of Lender's right [o acecicn�lc Ure n;nt,zrity of tlic i::det�te��n�ss eecured hy t.hic \inrf.gnge.
<br /> � 12. Remedies Cumulative. all remedies procided in this \Iortgage �re distinet and cumulative lo any other �
<br /> ^ right or remedy under t6is \Iortgnge m• affordcd b�• lau• m� i�quin�, nnd may b� exercised concurrently, independ-
<br /> � ently orsuccessively.
<br /> ; 13. Suecessors and Assigns Bound; Joint and Several Liability; Captions. 'Phe covennnts and agreements
<br /> � herein caitnined shall bind , und thc rights hereundcr shall inwr to, t.hc respectivc successors and assigns of Lender
<br /> ' and Borro�ver, subject to thc pro�•isions ot puragrnph 1 i Lcrcof. :111 co�•en;urt.� ;�nd agrcemcuts of Borro«•cr shnll
<br /> ; be juint nnd se�•ernl. The c:�ptions and 6c;�ding.� of lhe parc�gr,ip6s of thi� \ lort �a�c are for concenienee only nnd ;
<br /> nre not to be used to interpret or defiuc tlic pro��i�ious hcrcof.
<br /> � 19. Notice. Any noticc to IIorro�ccr pro��ided for in thi� \[ortgugc �hall hc gi�•cu by uuiiling ,uch notice b}•
<br /> certificd mnil addressed to I3orro«•cr ;d thc Yroperh• :lddres� �hued hclo�c, cxcept tor uny naticc required under
<br /> i psrngruph 18 l�creof to bc gi�•cu to Iiorrou•cr in thc mnnner �nescxibed b}• applicablc la��•. :1ny notice �iroeided
<br /> ; for in this \lortgage shull be deemed to ha�•e been gi�•en to t3on•o�rer �chen �iceu in the m�umer designnted hereiu.
<br /> 15. Uniform Morlgage; Goveming Law; Severability. 1'his iorni o( mortgagc combines uniform co��enants
<br /> � ! for nntionnl use and non-uniform covenuuts n•ith limited �•arintions b}� jurisdiction ta constitute a unitorm secu-
<br /> ; rity instrument covering rcul property. 7'his \Io�tgage shal ! bc goecrned b}• thc la«� of the jurisdiction in which
<br /> ' the Yropetty is locuted. In tlie e�•ent that :�ny provision or clnusc oi tliis \Iortgage or thc Notc con(licts �vith
<br /> ; applicable In�v, such con(lict shnll no6 ciffecL otLer pro�•isions of this \lortgnge or the Note �chich can Ue given
<br /> effect without thc con(licting pro��ision , and to thi� end the pro��isimis of the \Iortgnge and tlic Note are declnred
<br /> to be severable.
<br /> � 16. Borrower's Copy. I3orro���er �linll be furnished a conformed copy o[ tl�is \[ortgage at the time of execu-
<br /> ` tion or after recordation hereoL
<br /> ' 17. Transfer of the Property: Assumption. Ii :ill or an�• part of thc Propert}' or an interest therein is sold
<br /> ; or trunsterted by I3orrower without Leuder's prior �critten consent , excluding (a ) the crention of a lien or encum-
<br /> brnnce subordinate to tLis \Iortgage, � b) thc crcation oi a purchu�c moucy security interest for household appli-
<br /> ' nncea, (c) a transter b}� dc�•ise, descent or b�• oper:ition o( In�c upon the denth o[ n joint iennnt a• (d ) the grnnt ot
<br /> any leasehold interest ot three ycars m• les� not. conL•�iuing :m uption to purchase, I.ender ma}•, at Lender's option,
<br /> deelnre all the sums secured by this \Iortguge to be inuuedi;�tel}• due nnd payable. I.ender shalt hace �cai�•ed sueh
<br /> option to accelerute if, priw• to tl�c ralc or trnnsfer, Lcndcr aud thc person to «•hom thc Yroperty is to be sold or
<br /> transferred reach agrcement in «�riting that tlic cmdit ot such per;on is sati�facton- fo Lender :uid that the iuterest
<br /> payable on the sums �ecurcd hc this \Iortgage shall be at �uch rnte as Lender shnll request. If Lender has wni��ed
<br /> the option to :iecelerate provided in thi� pnrugraph 1 i •rnd if 13orro�cei's suceeesor in interest has executed a �vrit-
<br /> ten assumption agreement accepted in �critiug b�• I.cndcr. Lender sL.ill release Borro���cr from alf obligations under
<br /> this Mottgngc and thc Notc.
<br /> Ii Lender exercises such option tu acccleratc, Lender shall �nail Borro«•er notice of acccleratiou in accordance
<br /> wit6 puragmph 14 hcrcoL Such noticc �hall pro�•idc a period oi not Ic:� than 30 du�•s frutu thc datc thc noticc is
<br /> mniled tirithin a�Lic6 I3orro�ccr mn}' pa�� lhc sums dcclnred dor. li Borro���cr fails to pa}� such sums prior to thc
<br /> expirntion of sttch period , Lender may. ��•itho�it fw•ther noticr ur � !emwil ou [3'orroa�er. iu�•oke :un� remedies per-
<br /> mitted by pnrngraph 18 hcrcoi.
<br /> \'o�-tistFo�c�t Co��r::�n�•rs. Rorro�cer :ui�l l.ender furtlier co��euat�t :md ugrce as Sollo�cs :
<br /> 18. Accoleration: Remedies. I:xce�it ns procided in pnr;ig�:i�,li 1 i hi�rcof, upm� I3orro�cer's bre:ich of nm•
<br /> covennnt or agreement of Bon•ower in this \(ortFnRr. inrlu�lin� tlic covcn:uil � to pny a•hcn duc am• sums sccived
<br /> by this \lortgugc. I.cndcr priar to ncccicr;ttion �hull mnil uuticc tu Borro« cr us pro�•idcd in p�u•n�;rnph 14 hcrcof
<br /> �pecif�•ing: ( 1 ) the brcucL : 121 the ;irtion rcquired tu cmr �uch lirc.teh : 131 a dnte, not Iess tluu� thirh• da�'s
<br /> from thc dnte tlic noticc i� mailcd to Burru�ccr. by u liicli <ncli hrcach mu�t bc rwrJ ; nnd 141 that failtu•c to curc
<br /> �uch breach on or before the dntc specificd iu the uutice wu�• result in ncccleration of thr .ums secured b�' this
<br /> �Iortgnge und sale of the Propertt•. If the hrr.�cli i� not cured or, ur be(ore t6c d:de specificd in the notice, Lender
<br /> nt Lender's opiion muy decl�re ull of tlic �tuns �ccured b�- this \[ort�;n�;c tn be inunediatch• duc und paynblc •
<br /> �sithout further demand ancl mn}• (oreclose this \lort �;;�ge h}• judici;�1 pro�eedin�;. Lender sl�nll be entiUcd to wllect
<br /> in sach proceeding ull expen�es of fareclo�ure, includiu�;, hut nut liiuitcd lo, eost� of dorun�entnr}• et�idence,
<br /> nUstructs and titic reports.
<br /> 19. Bonoweis Right to Reinstate. \'ot�cithshtndiu� l.cndcr's ucccicration of thc sunu sccurcd by this
<br /> Mortgnge, Borrower shnll haec thc right, to hn��c auc proccedin�;� hcgun b}• Lendcr to enforce thi� \lortgagc dis-
<br /> continucd nt nny time prior to entry ot a jud�ment enforcin�; thi� \lortgngc if : � :u I3orro�ccr pay� Lendcr all
<br /> sums n•hich would be then due under this \lort�n�c, the \'otc nnd notes securin{� 1�uhirc Ad�•a�ice�, if nny, had no
<br /> uccelerntion occurred ; (h) IIorrower curc� all Irmaches of any other co�•cnants or u�rccments of 13orro«�cr con-
<br /> tained in this 14ortgage ; (c) Borrower pays nll rca:onnblc �•sp�rosrs incurred by l.endi�r in ��nforein� thc �ovcnnnts
<br /> and ngreements of Borro«•er contnined in fhi� \Iort�n�c and iu en (orcin� l,cndcr'< rc�ucdics as pro��ided in parn-
<br /> grnph 18 hereof, including, but not IimiteJ to, rctson:tblc :ittorne}•'� fcc.� : aml Idl 13orro���cr tnkes .ucl� acfion as ;
<br /> Lendcr may reasonnbly requirc to assurc thut tlic licn of thi� \Iortgngc, l.endcr'� iutcrcet in thc Yroperh• nnd � - � • ..r -•�
<br /> Borrawer s oUli ation to �a the sums secured h}� tl�i� \lort � u,i �h.�ll continuc unim � �ircd. t' �on sucli � « ment �%' � '
<br /> ; B 1 3' b� ." 1 � I 1 + .' �;
<br /> and cure Uy Borrower, this Afortgage nnd the obliqations secured hrrcbc �hal] rcmuiu in full toree and effect ac if ," ' N " ��
<br /> no acceleretion had occurred. � � ' ' i
<br /> 20. Assignmeat oi Rents; Appointment of Receiver; Lender in Possession. Ac additionnl �ccurity hcrc- ` �
<br /> under, IIorrowcr hereby nssigns to Lender t6e rente of the 1'ropert �•. �,ro�•ided that ]3orro��•cr �hall , prior to acccicr- 'P�4" :�' "
<br /> ation under pnrngrnph 18 hereof or abnndonment of thc Yropertp, h:ire thc right to collect and retain euch rents � '
<br /> na they become due and pnynblc.
<br /> Upon acceleration under pnrngrapli 18 hcrcof or abnndomnrnt o( the Yropert}•, I.cndcr, in person, b}� nFent � �
<br /> or by judicinlly nppoinfed receit�cr ehnll be entitled to entcr iqim�, tnkc �iosse��ion of und wana�;e thc Yropertc
<br /> ond to wllect the rents of the Property, includin�; thosc pnst due. :VI rcnt� collertcd bt• Lenr!cr or thc reccicer ,
<br /> �hall be applied flrst to pat�ment of the costx ot mnnagement of the Yroperty nnd collection of rcnts, includin{�, but
<br /> not limited to, receiver's fecs, prcmiwns on recciti•er'c bund� nnd rensonahk :�ttornc�•'< (i��.�. :ind then to the �ums
<br />� sccured by this �fortgnge. I.ender nnd thc recei��cr �hull bc Iia61e to nccoimt onh• for tho�e rent� nctunlly rccci��ed. I
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