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<br /> not extend or po;t��one the due date oi the monthly in:tallments referred io in p:�ragrap6s 1 and 2 l�ereof or
<br /> ehange the uinount of such installments.
<br /> 10. Borrower Not Re2eased.- Lxtension of thc time for pa��inent or inod�flcaLion ot amortization oF the suma
<br /> secured by this Mortgage granted by I.ender to am� �uccessor in interest of Borrower sl�all not operate to release,
<br /> in uny lnanne�; tl�e liability of tlie oiiginal 13orrower �,nd F3orro�ce2•'s successors in interest. I.ender shall not be
<br /> required to commenee proceedings against sucl� succeeaor or r�tuse to extend t.ime for payment or othernise modify
<br /> amortiztttion of tl�e sums secured by this- \lortgage by reason oi any demanc9 made by the original Borrower and
<br /> r Borrower's successors in interest.
<br /> 7 d . Fozbearance by I.ender Not u Waiver. Any farbearance by Lender in exercising any right or remedy
<br /> hereunder, or other�vise afforded by applicable law, shall not be a �vaiver of or preclude tl�e exercise of any right
<br /> or remedy hereunder. 'I'he procureinent of insurance or the payment of taxes or other liens or charges by Lender
<br /> shall not be a waiver of Lender's right to accelerate the maturit,y of the indebtedness secured by this Mortg�ge.
<br /> 12. Remedies Cumulative. A�t remedies provided iii t.l�is \-lortgage are distinct and cumulative to any other
<br /> + rigkit or remedy under tl�is \Iortgage o�• afforded I>y ]a��� or equicy , and �n:iy be exercised concurrently; independ-
<br /> ently or successively.
<br /> 13. Successors and Assigns Bound; Joint and Several Liability; Captions. The cot•ent�nts and agreements
<br /> � herein contained shail bind , �nd tlie rights liereunder shall inure to , tl�c respective successors nnd assigns of I.ender
<br /> and Borrower; subject to tlie provisions ot paragi:i��l� 17 hereof. _� ll covenants and sgreements of Borrower shall
<br /> ' be joint and se��eral. The captions and lieadings ot tlie paragrzphs of tltis \iortgage are for canvenience only and
<br /> " �{ are not to be used to interpret or define the provisions hereof.
<br /> 14. Notice. Any notice to Borro�vc:r ��ro�•ided for in this \lart�;age slial ! bc gi�•en 6y mailing sucli notice by
<br /> certified maii �3ddressed to $orro�ti-er at the Yroperh� Address stated l�elow, except for any notice required under
<br /> paragr3ph 18 hereof to be given to Borro�ser in the mannea� prescribed by .� pplicabfe la�c. An,y notice provided
<br /> for in this �dortgage shall be deemed to have been given to 33orro«•er �vhen given in the manner desiguated lterein.
<br /> I5. Uniform Mortgage; Goveming Law; Severability. 'I'liis form of inortgage coinbines unifortn covenants
<br /> for national use and non-uniform covenants witl� ]imited variations Uy jui•isdiction to constitute a uniform secu-
<br /> ; rity instrument covering i•eal propert��. i'his \ Iortgage shall f,e governed by the ]a�i� of the jurisdiction in which
<br /> the Property is located. In the event that � ny provision or clause of tliis \lortgage or the Note confficts with
<br /> ' applicable law, such conflict shall not affect. otl�er �7ro�•isions of t.hi, \lortgage a• the \Tote which can be given
<br /> effect without the conflicting provision , :�nd to this end the provisions of t.l�e \Iortgage and the Note are declared
<br /> to be severable.
<br /> 16. Bonower's Copy. Borro�ver sliall be furnisl�ecl a conformed copy of this 17ort.gage at the time of execu-
<br /> tion or sfter recordation liereof.
<br /> 17. Transfer of the Propezty; Assumption. If all or any �iart of the Property or an interest ttterein is sold
<br /> ; or tran�ferred by Borrower without Lender's prior written consent, excluding ( a ) the creation oi a lien or encum-
<br /> brance subordinate to this \4ortguge, ( b ) the cre:�tion of u purchs,e �noncy security interest for tiousehold appli-
<br /> ances, (c ) a transfer by devise, descent ur by oz�eration of ]a��� upon t.he death of a joint tenant or ( d) the grant of
<br /> any leasehold interest of three years or less not coi7taining an option to purchase, Lender inay, at Lender's option,
<br /> declare all the sums secured by t.l�is Morcgage io be immedi:�tely duc :�nd p�yable. Lender shall liave waived such
<br /> option to accelerate if, prior to tl�e sale or transfer, Lender and tl�c j>erson to whom the Property is to be sold or
<br /> transferred reach agreement in writing that the credit of sucl� person is satisPactory to Lender and that the interest
<br /> ; payable on the sums secured by this \-Sortguge shall be a 't such rate as I.ender sl�all request.. If Lender l�as �vaived
<br /> the option to accelerate provided in this paragraph 17 and if 73orro�ver's successor in interest has executed a writ-
<br /> ten assumption agreement accepted in �vriting by I,ender, l�ender shall rclease Borrower from all obligations under
<br /> this Mortgage and the Note.
<br /> If Lender exercises such option to accelerate, Lender shall !usiil Sorrower notice oY acceleration in accordance
<br /> �vit6 paragraph 14 hereof. Such notice shall providc u period of noC le�ss tl�an 3U days frorn the dnte the notice is
<br /> ivailed witl�in �vLicl� Borrower inay psy tlie aums declared due. If Borro�ver fuils to pay such suti�s prior to the
<br /> expiration of such period, Lender inay, �cithout further notice or deinand on I3orro�ver, invoke any i•emedies per-
<br /> mitted by paragraph 18 l�ereof.
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<br /> , \'ox-LixisoRn2 Cocsxw�.zs. Bori•o�v�� r and Lender fui•tl�er covenant and a:;�ree a ;: follo�vs :
<br /> 18. Aceeleration; Remedies. Lxce�it a� pro��i<ied in � iaragru� ili ] 7 hereof, upon Borrower's bmacl� of any
<br /> covenant or agreetnent of Borro�vci• in tl�is \Iortg:�gc , incluclir�g tl �c co��enants to pay n•]ien duc any suins secured
<br /> by t6is �lortgage, Lencier l�rior to .tcceler:tition sl �:ill �nriil noticc t.o I3orro��•cr as � vo��idcd in paragraph 14 l�ereof � � � � �
<br /> speeifying : ( 1 ) the brescli ; ( 2) tl�e action i•equired to cure wch breaeL ; (31 n � , not. Ics�. tli:�n thirty d=ys � �
<br /> from the dnte thc noticc is mailed to 13orro�� cr, b}� �� l� icli �ucL I>re:icl � uiust be cui•ed ; ;�vd (4 ) thnt fuilure to cure
<br /> such breach on or before tl�e date specified in tl �c notice �uay result in acceleration of thc ;u�n� secured by tl�is
<br /> 1lortgage and sale of the 1'roperty. If t}ie breach is not cured on or befa•e thc ciat.c specified in tlie natice, Lender
<br /> at Lendei's option �nay declare eill ot tl�e sums secured b�� this \lortgage to he immecliately due and payable
<br /> " without furt�her deinand and may foi•eclose tl� is \4ort�age b,v ,ji�dicial ��rocceding. Lencfer slial] be eneit]ed to colleot �
<br /> in such proceeding e�ll expenses of foreclosure , includi ��g, hut not limitcd to, costs of documentary evidence, -
<br /> abstracts and title reports.
<br /> 19. Bonower's Right to Reinstate. tiotwithstanding Ler�der's accelcration of 4he sum. secured by this
<br /> Mortgage, Borrower shall have the right to ha�•e any �iroceedings bcgun h�• Lender to enforcc tl�i, �Ioi•tgage @is-
<br /> continued at any time prior to entry of a judgment enfoTcing this �Iortgnge if : la ) Borro��-er pays Lender all
<br /> sums which would be then due under this \Iortguge, the :�Tate anci notes securing Futurc Adv:inces, if any, had no
<br /> accelerstion occurred ; ( b ) Borrower cures all bre2che� of an}• other co��enanis m• :igrecments of Borrower con-
<br /> tained in this Mortgage ; (c ) Borruwer pays � 11 reusonablc e1��ense. in<•�n•�r�i b�� I.�nder in entoroing tlie covenants
<br /> � and agreements of Borrower cont .�ined in tlii� Alortn:i;c and in cnforcnh Lender'� rrn:edies as j�ro�•:c3etf in para- �� �
<br /> graph 18 hereof, including, but not limited to, re:i,onsble attm•ney '� fees ; .tud Idl }3orro�+•er trikes such action as
<br /> Lender may reasonably require to assure that the lien of this \lortgagc. I.ender's interest in the Yroperty and
<br /> Borrower's obligation to pay the sums secured h,y tlii \lortgige ;hull contiuuc unirnpaired. tipon such payment �
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<br /> and cure by Borrower, this Mortgage and the obligations eecin•ed h�reb�� shall remain in tull force and effeet as if ,, , " ��
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<br /> no acceleration had occurred. � N �,4;,,
<br /> 20. Assignmeat of Raats; AppointmenS of Raceiver, Lender in Possession. �s additional security here- 6 ' � ,
<br /> � under, Borrower hereby assigns to Lender the rents of the Propertp , pro�•idee9 tiiat iiorro�cer shall , prior t.o acceler- � * �,�
<br /> ation under paragraph 18 hereof or abandonment of'tl�e Pro��erty, I1.ZVC U]C I7�TIlt LO collect and retain such rents °- ,
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<br /> as they become due snd payable.
<br /> Upon acceleration under paragrapl� 18 hereof or ab�ndonment uf the 1'ropert��, Lenciei•, in person , b�• agent
<br /> or by }udiciaity apgointeS zeceiver shall be �ntit]ed iu enter u��un . txk.s pusses.iuii oI anci ivauage the I'roperc��
<br /> and tp co!lect the rcnts of thc Property , inaluding those ��a�:;t aue. � all reuta collecLea b� Ireuder o.r tlie receiv�r � �
<br /> shall be applied first to payment of the costs of rnanugemet3t of tl�c Propert.y and collect �on of rents, including, bi�t
<br /> not limited to, receiver's fees, premiums on recciver', bonds ssnd reasonaible attorne�� 's f�.c.� , aind then to the sums
<br /> secured bv thiF Mortgage. Lender an.l t.he rrrPiver chall ho li ;� hi� t �� ac��otv�t onl }� ior thosc rent� actualh� ircci�•c�3 .
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