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<br /> not extend or 17ost.pone the due date oi the monthl}� instalhuenfs referred to in paragraphs 1 and 2 hereof or
<br /> change the amount of such insEallments .
<br /> 10. Borzower Not Released. �xtensioar of tt�e time for pa,yruent or modification of a�nortization of the sums
<br /> secured by this l�Iortgage granted by I.ea�der to an,y sucr,essor in interest. of Borrower sliall not operate to release,
<br /> in any manner, ,the Jinbility ot'- the original l3orrower anii I3orrox•er's successors in interest. - Lender shall not be '
<br /> required to commence proeeedings agAinst suc6 successor or refuse to exten� t.iine for payment or other�vise modify
<br /> ainortization of the sums seeured by tliis \Sortgage by reason of any demanci snacle Uy the originni 1�3orrower and ,
<br /> iBorrawer's successors in interest. �, '
<br /> t 11: Forbec:ance by Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy
<br /> i � hereunder, or 4thertivise afforded by apf�licable la�r; stiall not l�e a wai�er oS or preclude 'the exercise of any right
<br /> T,,,� or reniedy hereunder. The ` procurement of insurance oc the paymcnt of taxes or other liens or charges by Lender
<br /> , � Q shall not be a ivaivei� of Lender's right' to accelel•.ate the m� turiL,y of tl�e indebtedness secured Uy this Mortgage.
<br /> i � 12; Remediea CumulaHve. ' :111 renzedies provided in th�s \Tortgage are distinct and cumulative to ttny other
<br /> ;
<br /> �, right or remedy under this \ tortgage or afforded hy 1x��� ur tquicy, snd �iiay be exercised concuirenily, independ-
<br /> _„ ently or successively. " ,`
<br /> `--° 13. Successors and Assigns Bound; loint �d Several Liabi&ty; Captions. The covenants and agreements � '
<br /> ` R herein contained shall bind, and the rigl�ts l�ereunder shall inurc to , thc respective successors and ussigns of Lender
<br /> ^ � �nd Borrower, suUjeet to the provisions of lrir:xgraipli 17 hereof. All cavensnts and agreeauents uf F3orrower shall
<br /> ` ' be joint and se��eral: The captions and 1�eadings of tLe paragrsphs of tl�is _llortgage arc for convenience only and
<br /> i are not to :be used to inteipret or define the ��rovisions liereoi. '
<br /> ;� 14. P7otice. Any nof;ice to Borrotives• 1>i•oi•idect for iii rlri • llor•t�agc� st,ait lic gi �•en t�y ii�� iling sucli notice by
<br /> certified �naiI riddressed to I3orroiver at t}�e .Yro�>erty �ddre�n atuted belo�n-, except for any� notice required ' un3�r �
<br /> ; paragraph 18 l�ereof to bc gicen to Borro�cei• i �i the inanner � �re,cribed by ;i����licable ]aw. Any notiee provided
<br /> ; for in this �lortgage sha11 be deerneci to ha��c Gcen �;iveii to Ba•rowei• ���Len �iven in the inanner designated herein.
<br /> ` 15. Uxufozm Mortgage; Governing Law; Severability. '1'his foriu of mortga6e combines uniforrn covenants
<br /> � for nationai use and non-uniform covennnts witl� ]imiteci variaiions by jurisdietion to constitute a uniform secu-
<br /> : j rity instrument covering real jiroperty. This \fortgage shall be governed b,y the la�r of the jurisdiction in which
<br /> � the Property is located. In the event ti�st :nny provision or clause of this �4ortgage or the Note conflicts cvitG
<br /> 1 applicable law, such conHict shall not affect otLer pro��isions of tliis \iortgage or t.he Note which ean be given
<br /> � effect without tl�e conflicting pro��ision , and to td�is end the pro��isions of the Jiortgage and tl�e I``ote ure declared '
<br /> to be severabie:
<br /> I6. Botrower's Copy. Borrower shall be furnisl�ed a conSormed copy of this lfortgage at the time of execu-
<br /> ` tion or after recordation hereof. ` :
<br /> . 17. Transfer of the Property; Assumption. If all or any part of the Property or an interest therein is sold
<br /> ; or transferred by Borrotieer witl�out Lender's prior �vritten consent, excluding (a ) t,he crestion of a ]ien or encum-
<br /> r brance su}�ordinate to tiiis �lortgage, ( b ) the creafion of a purchase money security interest, for liousehold appli-
<br /> ances, (c) a transfer by devise, desceni or b,y operation of la«- upoti t3ie deatli of a joint. tenant or (d) the, grant of ; '
<br /> any leasehold interest of three years or less not containing an ol.�tion to purchase, Lender may, at Lender's option, ,' `
<br /> declare all the sums secured by this ;1�Iortgage to be iirunediately due .�nd payable. LPnder shall liave ��•aived such
<br /> option to accelerate if, prior to tlie sale or transFer, Lender and the person to whom tlie Property is to be sold or
<br /> transferred reach agreemeni in writing tl�at t,he credit oi such person is satisfactory to Lender and tliat the interest �
<br /> payA,ble on the sutns secui•ed by this l�ortgitge shall be :st such ratc as Lcader shall rec�uest. If Lender has waived
<br /> ; the option to accelerate provided in this paragraph 17 and if Borrower's successor in interest has executed a writ- � '
<br /> ten assumption agreement accepted in writing Uy Lendei•, Lender sh� ll release 13orro�ver fro�n all obligations under '
<br /> this Mortgage and the Note.
<br /> If Lender exercises sucl� option to accelerate, Lender shnll �nail I3orrower notice oP accelerntion iu accordance '
<br /> ' E with paragraph 14 hercof. Suclr notice sliall pro��ide a period of not le�s tl�an 30 days frmn fhe date the notice is
<br /> - �; mailed within which Borrower may pay the sums declared clue. If Borrower tail� to psy such sums prior to f.he
<br /> *� e�iration of such period, Lender may, �vithout further notice or r{emand on B'orrower, invoke any remedies per-
<br /> y X ` mitted by paragraph 18 hereof. -
<br /> ° � �'ox-LJxiFos_ar CovErraxT�. Borro���er .�nd Le�idei• fui•tl�er coti�enant and ag�ree as follom�5 :
<br /> � 18. Aceeleratioa; Ramedies. Exce��t .is � �ro��ided in paragr:i� �h 17 hereof, u�ion Borrower'� 6reacL of any
<br /> : covenant or agreement of Borro�cer in this llort fi;i�c, inclu<ling tLc covenanks to �iay «�heti due sn,y su�ns secured
<br /> � � by tl�is �lortgage, Lender �� rior to xccelcrafion �hxl! melif notice tu Borro�ti�cr as provSded in paragrunl� 14 t�ereof �
<br /> , +� � � apecifying : ( 1 ) � tihe � breucl� ; (2 ) t.he .totion reynired to cui•c sucl� breach�; { 3) � � r{�te ; not less tlian � Y.hirty days �� � �
<br /> i froni the date tlic notice is mailed to 13ori•oti+ u•, Ly �chi< h e:ucG brcacl� iuust t>c rw•ed; xnd (4 ) that iailm•c to cure
<br /> ` � such breach on or before the date specified in the aoticc �nx,y result in ticceleration of ttie sums aecured by fhis
<br /> � Alortgage and sale of the Yroperty. If the breach is not curcd oi: or befa•c the date specified in the notice, Lender
<br /> ; . ' � � st Lendec's optibn anay declare all of tlre �wn5 �ecured by chia ylortgage to be irnmcdiatety duc and payable�
<br /> ywithout further deinatid ancl may foc•eclose tl�is :�4ortgagc b�- j uciirial pi•oceeding. Lender stiall Le entitled to collect
<br /> � in sucl� proceeding al ] expenses of foreclosure , incluiting, ht�t not ] imited to , costs of cloc:u�iientar.- evidence,
<br /> abstracta and title reports.
<br /> , � 19. Borrower's Right to Reiastate. A'otat•itl�standing I.endei's ucceleration of the sums secured by this
<br /> � Mortgage, Borrower shali have the right to have nny proceeding� begun by Lernler t.o enforce tl�i� �lortgage dis-
<br /> � continued at any time ��rior to entry of a jue9gment enfotcing tliis 1Lortgage if : lal BorroK•er pays I,ender all
<br /> , ;� suma which would be thea due under this 1Iortga�c, the Note anfl notes securin� Future Aci�•xnces, if any, had- no
<br /> � scceleration oecurred ; (b ) Borrower curet all breaclx�s of an�• other corenants or xgreenients of Borrower con-
<br /> tsined in this Mortgage ; (c) Borrowec pxyti a11 reuso�al�le exp<,nses incurrcd bp I,ende,r in enforcin� the covenxnta
<br /> and t�greeinents oi Borrower contained in tt�is �lortg:��;e and in enforcin�; Lendcr', remedies as provided in para-
<br /> graph Y8 hereof, including, but not limited to, reasonable :utorney 'e feea ; wnd � d ) Borruwer takes ;uch action as
<br /> '. Lender may reasonabiy` require to assure that the lien of this \Iort �age, Lender's intere,t in the Propert,y and .�
<br /> , - � Borrower's obligatian tq pay the sums secured hy thie ��lortga�e shall cont.inuc unimpaired. Upon such �7ayment
<br /> ; , snd c�'e Uy Borrower, this i�Iortgage nnd the obligutions secured hereby shall remain in full force and effect as if "• ° ;�.,
<br /> � � np acceleration had occurred . " ' " "
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<br /> ; 20. : A�saigt�meat at Rents; Appoiatmeat o! lteceiver; Lender in Possession. As additional securit.y here- � " �
<br /> under, Borrower hereby ttasigns to Lender tlie rents oT the Propei•tp . ��roti•ided tl3at Borrou�er shait , prior to acceler- ( ; 'r �, �
<br /> `atipn under paragraph 18 hereof or aUandonment of the Property , have the right to collect and retain such rents � ` '�
<br /> ; �'�' `;
<br /> .-
<br /> � ; as they become due and payable,
<br /> Upon acceleration under para�rapl� 18 hereof or abandonment' of th� Y*ol,PrtF� , T,en�ier, in ;+vrson ; Nv age^t `
<br /> or by judicislly :appointed receivcr shmll bc entitled to enter upon . take iiu..c�.cion of an�i mxnanP the }'roreriy , ., ,
<br /> and to colIect ,the rents of tf�e, Property, includin� ;those isast due. .All renis collected by I,ender or the receiver •�" `
<br />� ; ahadl be spplied first to payment of the costs of management of tlie Pro��erty und collectiun of rents, ii�cluding, Init �
<br /> not limited to, receiver's fees, preraiums on receiver's 6ond� and reasoiia};le xt,t.orne��'s fce�. and then to t,he suins
<br /> secure.I Ly L7�ie ii3ux•�gagr. Lender aYid tLe receiver st�ail �>e liuk�ie to xccount onlv for those rents actuallv received .
<br /> _.,,;:...g. _ _ . � J
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