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<br /> � uat extend or posLpone tlic due dntc ot tLc mmithh� instnllmenfs rcicrred to in paragraphs 1 nnd 2 hcreot or
<br /> change the utuount of sucl� instnllments.
<br /> 10. Bonower Not Released. �xtension o[ thc f ime for pn��ment or modificntion of umortizntion ot the aums '
<br /> secured by this Afortgnge grnnted b�• Lender to any �ucce�sor in inlerest of Borro«�er shnll not opernte to release,
<br /> � in nny manner, thc linbilitp ot tl�c originnl 13orrowcr nnd Borro�ecr'r successore in intcrest. I,ender ahall not be
<br /> � required to commence proceedings ngninst such auccessor or refusc to extcud timc for pnyment or otherwise modity !
<br /> j�, nmortization o[ thc sums secured by this \Iortgngc by rensou of an}• deronnd mnde by thc original Borrower nnd
<br /> Z�. Borrower's euccessors in interest,
<br /> �; 11. Forbearance by Lender Not a Waivea ��ny forbenrnnce by Lender in exercising any ri�ht or remedy �
<br /> � hereunder, or othenvise aHorded by npplicable Inti�•, sl�nll not be n u•aiver o( or preclude the exercise of nny right
<br /> ,a or remedy hereunder. The procuceme��t of insurnnce or the pnyment of tnxes or other �iens or chnrges by Lender
<br /> shnll not be n �vaiver of Lender's right to acceleratc the mnturity of the indebtedness secured by this \fortgage.
<br /> ^ 12. Remedies Cumulalive. All remedics provided in this \Iortgnge arc distinct nnd cumulative to nny other �
<br /> right or remedy under this �[ortgage or afTordcd b}� In��• or cquit}•, and nuq� bc excrcised concurrnntly, independ- �
<br /> � ently or successively.
<br /> � 13. Succeesors and Assigns Bound; Joint �d Saveral Liability; Captions. The covenauts nnd aRreements �
<br />� -" herein coutnined shall bind, nnd the rights hcreunder shall inurc to, thc respectivc successors and nssigns of Lender
<br /> nnd Borrower, subject to the provisions of parngrnph 17 hereoL �111 cocennnts und agreements o( IIorrower shaU
<br /> be joint and sc�•crnl. The captions and hcadings of thc pnrugr:�phs of thie \[oMguge are for convenience only nnd
<br /> nre not to be usetl to interpret or define thc �uovisious hereoL
<br /> 14. Nolice. :1ny noLice to Borro�ecr proeided (or in thi� \lortgagc slmll be gi�•en by mailing such notice by
<br /> ' certified mail uddressed to Borro��•cr :�t tlic Yroperty :lddrece etate<I Uclot�•, escept fm� uny notice required under
<br /> pnrngr.�ph 18 hereof io bc given to Borroerr in the mnnncr prescrihed by upplicable la�c. �1m• uotice provided
<br /> for in fhis Jiortgnge ehall be dce�ued to ha�•c becn gi�•en to Borro�t•cr �ehen given in tl�c mnnner designatcd l�erein.
<br /> 15. Uniform Mortgage; Goveming Law; SeverabiGty. 'fhis forn� of mortgage comUines uniform covenants
<br /> for national use and non-unitorm coveuants with limited ��nrintions bc jurisdiction to constitute a uniform aeeu-
<br /> ; rity instrument covering real property. This \Iortgagc shall be goverued by the ln�v of ihe jurisdiction in which
<br /> the Property is located. In thc c�•ent tliat nuy provisim� or clausc of this \fortgage or thc Notc conRicts with
<br /> applicable law, such con0ict shall not u(fect otlier �iroeisions of tl�is \lortgnge or thc ATote which cnn be given
<br /> effect without tl�c contlicting pro��ision, and to this end thc pro��isions of thc \Iortgagc and thc Note nre declared
<br /> to be severable.
<br /> 16. Boaower's Copy. Borrotiver shnll bc furnisl�ed a confor�ucd cop}• of this �Iortgage nt the time of execu-
<br /> tion or a[ter recordation I�ereof.
<br /> 17. Tranafer of ihe Propedy; Assumption. If all or any parL ot the Property or nn interest therein is aold
<br /> or trnnsterred by Borrower without Lender's prior �critten consent , excluding (a ) thc r.rention ot a lien or encum-
<br /> brunce subordinate to this \Iortguge, ( b) thc crention ot a purcha�c moncy security interest for household appli-
<br /> • unces, (c) n trnnsfer by devise, descent or by operntion of la�c upon the denth of a joint tenunt or (d) the. grant of
<br /> any lensehold interest o[ tl�ree years or less not containing an option to purchasc, Lender may, at Lender's option,
<br /> declare ull Lhe sums secured by this ��Iortguge to bc imwediatel}� duc ancl pu}�nble. I.cnder sliall lisee «�nived such
<br /> ` option to accelerate if, prior to the snle or trnnsfer, Lender aud thc person to �chom the I'roperty is to be sold or
<br /> ; lrans(erred reacl� ngreement in �vriting thnt thc credit ot such person is sntisfnclory to Lendcr and that the interest
<br /> puyable on the sums eccured by this \fortgage shall be at such rate as Lender shall requesL If Lender has waived
<br /> the option to accelernte provided in tliis parngrnph 17 and if I3orron•er's successor in interest lias executed a writ-
<br /> ten nssumption agreement accepted in �t•riting by Lender, Lender shnll rcleasc Borro�r•er from all obligntions under
<br /> this Mortgage nnd tlic Note.
<br /> If Lender exercises such option to accclerate, Lender shnll u�ail Borrower noticc of accelerution in uccordancc
<br /> �vith paragrnph 14 t�ereof. Such notice sliull pro�•ide a period of not Icss th;�n 30 dacs from the dnte the notice is
<br /> mailed e•ithin which Borrox�er muy pn�� the sums declm•ed due. It Uorroticcr iails to p;n• such sums prior to thc
<br /> ex�irntion of such period, Lendcr may, u•ithout farthcr noticc m• dcm:ind ou 13'orro�ccr, invokc :iny remedies per-
<br /> mitted by pnrngrnph 18 hcreoL
<br /> No�-Uviro�i �c Covr::vn �Ts. Borro«�cn• aind Lender furthei• covenant aud agree n� follo�es :
<br /> 18. Accelemtion; Remedies. I;xee�il as prot•ided in p:u•nEruph I i licrcof. upon 13orrotcer's hreach ot nny
<br /> cocenant or ngreement of I3orro�cer in this �Iortg;igc, including thc co�•cuant� to pn}• «•hcu duc nm• �ums secumd
<br /> by .his \lottgnge, Lencler prior to uccclerntion shull nuiil noticc to I3orro�� cr ns pro�•idcd in parnFraph 14 hereof
<br /> specify�ing: ( 1 ) tlie breach ; f21 tl�c nction required to cure �ucl� brench ; 131 a dulc, not Ic« Uutn thirty dnys
<br /> from the date the notice ic uiniled to Borro�cer, b}• �ehich �ueli brench must be cured ; nnd 14 ) that fuilurc to cure
<br /> such Urench on or betorc tl�c dntc specified in the noticc nu�y result in accelen�tion ot the sums �rcured by this �
<br /> \lortgage and eule ot thc Yropert}�. If the brencli is not cured ou or be(ore thc datc specificd in the noticc, Lender
<br /> at Lendcr's optiom m�y declure nll of the swns secured 6y this \[ortgagc to bc immediateh� duc i�n<I payuble .
<br /> ' � uithout (urther demttnd nnd may foreclose this Jlortgt�gc bt• judiciul proceediug. I.endcr shnll bc entit.led to collect
<br /> in such proceeding all expcuses of foreclo�ure, including, but not limited to, coets of docwnentary c�•idence,
<br /> nbstructs and titic reporlc.
<br /> 19. Horroweis Right to Reinstate. \otn�ithstunding Lender: .icccicrntion ot thc sums secured by fhis
<br /> ' Mortgage, Borrower shnll have the right to hn�•c nn}• procecding� heFwi b�• I.ender to en(orec this \lorlgngc dis-
<br /> � continued at nny time prior to entry o( n judgment cufo7�ing this \lortgage if : Iul Borron•cr paps I.ender nll
<br /> sums which would be then due under this Vort�n�;c, thc Notc nnd notes �ecuring Futurc Ad�•nnce�, it am•, hnd no
<br /> acceleration occurred ; (b) Borro�cer curea nll hrenches of nn}• other co��enantc or agreements o( IIorrow•er con-
<br /> tained in thie `4ortgsge ; (c) Borrower pnys all reasonnhle ex���n�c� incurrcd h}• Lcnder in enforcing the co�•ennnts
<br /> and sgreements of IIorrowcr contained in this \[ort�;:��c nnd iu enforcin� Lrnilcr's rcmedics as pro��ided in pnrn-
<br /> graph 18 hereot, including, but not limited to, ren�on:�blc nttornc}• '� fec, : nnd Idl 13orro«•cr tnkes �uch nction as '.
<br /> Lender may maeonnbly requirc to nssurc that the lien of thi� \fortgngc, Lender's intcrc�t in thc Property and ,.�
<br /> Borrower's obligetion to pay the sums secured by lhi� \Iorig,iqc �liall continue animpnired. Upun such papment = - *z-�' ,
<br /> nnd cure by Borrower, this 14ortgnge and thc obligntione �ecured hereb}• shnl! remain in (ull (orcc and elTect ris if f ' N " ` i
<br /> no acceleration hnd occurred. � /
<br /> 20. Aasignmeal o! Reate; Appoinlmeat oi Reeeivar, Lender in Possession. :1s additionnl security liere- J •�° 1
<br /> under, Borron•er hereby ussigns to Lender the rent� of thc PropeNy. pro�•idcd thst Borro�ccr shull, prior to ncceler- ri'. j"' .
<br /> ntion under pnrngrnph 18 hereof or nbnndonment o( the Property, ha�•c thc riglit to collect and retnin auch rents
<br /> as they become due nnd paynble.
<br /> Upon acceleration under pnmgrapl� 18 hcrco( or abundomncnt of thc Yroperty, Lender, in per�on , by ngent .,
<br /> or by judicinlly nppointed receiver shall bc entitled to enter upon, takc pos�c�siou of and mann�e thc Property
<br />- nnd to collect the rente oi the Property, including thosc pust duc. :VI rents collected by I.endcr or the recci�•er �
<br /> . shall be npplied fitst to pnyment of the wsts of ntnnngetnent of thc Propert}• nnd collection o( rents, including, hut
<br />=,,.y not limited to, receiver's fees, prcmiums on rcceiecr'� bond� and ren�ouablc �tttorncy'� fces. :iud then to thc sums �
<br />� secured by thie \lortgage. Lender and the :eceiver �liall bc linble to :iccotmt onh• for thosc rents iICLUfIII\' (QCCICC(I . !
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