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<br /> not extend or post.pone the due <iate of the monthly instntlment � refei•red to in paragraphs 1 1nd 2 hereof or
<br /> : change the atnount of suc1� installtne+�ts.
<br /> 10. Borrower Not Released. Extei�sion of tl�e time for pa,yroent m• �nodircation of :tmortization of the surns
<br /> secured by this 1Sortgage granted 1>y 7.ender to any �ucce�sor iii int,erest of Borrower shall not .operate to release,
<br /> in anyxnanner, the liability ot the original ' F3orrower and I.3orrower's successors in interest. Lender shall not be
<br /> required to commence �iroceedings against sucl� successor or refusc to extend time for payment or otherwise modify
<br /> amortization of the sums secured by this liortgage L�� reason of any- demand made by t,he original Borrotiver and
<br /> � Borrower's successors in interest.
<br /> ' ; 1L ' Forbearance by Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy
<br /> + Ld'j hereunder, or otHerwise afforded Uy apE�licable la��� , shall not be n waiver of or preclude the exercise of any ri,gBt
<br /> ; C`l� or remedy hereunder. The grocuremeni of insurunce or the paywent of t�ses or other liens or chnrges by Lender
<br /> �i shall not be a �vaiver of Lender's right to accelerate the mnturity of tlie indebtedness secured U,y this Mortgage.
<br /> 11`: 12. Remedies Cumulative. All remedies ��rovic3ed in tliis \lortgage are distinct and cumulative to any other
<br /> ? �,+ right or remedy under this \Iortga�e oi• :� fforded by ]a«� or equicy, and mn,y be exercised concurTently, independ-
<br /> .�""'+.. ently or successively.
<br /> � 13. Suecessors and Assigns Bound; Joint �d Several Liability; Captions. The covenants and agreements
<br /> 1�, herein contained shall bind, and t.he rigl�ts hereunder �hall inure to , thc respective successors and �ssigns of Lender
<br /> � and Borrower, subject to i,lie provisions of paragi•:i �ili t7 liei•eof. All covenants and ;�greeiiients of Sorrower sliall
<br /> be joint aud severaL The caption5 and l�eadings of tl�e paragraphs of tliis \iorh�ga�e are For cm�venience only and
<br /> are not to be used to interpret or define the provisions 1Sereof.
<br /> 14. Notice. Any notice to Borro�cer luo�•ided for in tl�i- \Lortgage �I �alf be gi��en by mailing such notice by
<br /> � certified mait addressed to Borrow•er a '[ tl�c Yroperty � ddre�s stateci belo�r , escejrt for any notice. required under
<br /> � � � paragraph � 78 hereof to bc given to Borro�ver in the ruaimier prescribed l.�y etp��ilicable law . Any izotice provided � �
<br /> for in thi� \Iortgage �hall be deetned to 1��L�•c becn gi��en to Borro�ti•ei• ���lieri gicen in the rnanner designatecl hereix�.
<br /> 15. Uniform Moztgage; Goveming Law; Severability. '1'his jorm ot mortgage oombines uniform c,ovenunts
<br /> for national use and non-uniform covenants wikL limited �•e�riations by jurisdiction to constitute a uniform secu-
<br /> rity instrwnent coveriug real property. '1'his �Iortgage shall be governed by the la�v of the jurisdiction in which
<br /> the Property is located . In the event that any provisiou or clause o[ tliis \im�tgage or the I�Tote conflicts with
<br /> applicable law , such conflict shall not affect otlier provisions of this Jlortgage or tlie Note �vhich can be given
<br /> effect without tl�c con8icting pro��ision , and to thi� end the pro��isions of the \1oi•tgage and tlir, Note nre declared
<br /> to be seaerable.
<br /> 16. Bonowei s Copy. I3orrott•er sha,ll be furnishecl :� conformed copy of this '�iortgage at thc time of execu-
<br /> tion or after recordation hereof.
<br /> 17. Transfer of the Property; Assumption. If sll or an,y part of the Property or an interest therein is sold
<br /> ' or transferred by Borrower �vithout Lender's prior written consent , excluding (a ) t.he creation of a lien or encum-
<br /> brance subordinate fo this �Iortgage , ( bl the c. reation of a purchase money security interest for household appli-
<br /> ances, (c) u ti•ansfer by devise, descent oi• by operat�ion of la�c upon thc. de3th of a joint tenant oi• (d ) the_ grant of
<br /> any leasehold interest of three years or less not containing zsn option to purchase , Lender may , at Lender's option,
<br /> declare all the sums secured b}� this i�Iortgage to bc iminedizitely �iue anri p:�ya�le. Lender shall ha�•e tivuived such
<br /> � option to uccelerate if, prior to tl�e ssle or trans(er, I.erider ,ind tl�e person to whom t-l�e Property is to be sold or
<br /> transferred reacl� agreement in �rriting that tl�e credit of such person i, satisf:�etory to Lender and tha,t the interest
<br /> payable on the sums secured by this 14ortgage shall be at such ratc as Lender shall request, If Leuder has waived
<br /> the option to accelerate provided in this parxgr�pl� 17 and if Borrower's successor in interest has executed u writ-
<br /> ten assumption agreement accepted in writing by Lender, Lender shall release Borrower frum all obligations under
<br /> this Mortgage and the Note.
<br /> If Lender exercises sucl� option to acce]ernte, Lender shall muil E3orrower notice of acceleration in accordance
<br /> � with paragrapi'i 14 hereof. Sueh notiee shall pro�•icic :1 period ot not lesw than 30 c�ays From the datc t.he notice is �
<br /> � � ixzailed witl�in which Borrower inuy pay the sums declared due. If Borro�rer i'ails to pay such sums prior to the -
<br /> expiration of such period , Lender may , �vithout, further noiice m� �iemand on B'orrotii�er, invoke nny remedies per-
<br /> mitted by paragraph 1S hereof.
<br /> \'ox-I.� NIFOItM CovExn:�rs. Bori•o�vc> > • �� nd Leudei• f'iii�tlit�r co��enant and a�'ree as follo�vs :
<br /> 18. Acceleration; Remedies. Exee}�t a� �iro��ideci in � rira�;r:i� �l � 17 hereof, � ��on 13orro���er'ti breacl� of �ny
<br /> covenunt oragreement of Borco�+�er in tl�i.� \iortgaKr. , inclu< 3in� tl �c covenanis to pay �ti�hen duc an� surns �ecured
<br /> by this \lortgage, Lender i�rior to acceleration ,haU �n:iil uotice to Borro�cc r xs � n�o��ided in paragraph 14 hereof
<br /> � specif,ying : ( 1 ) the breach ; ( 2) tLc :iction i•equired to cin•� auch I �r•e;zcli ; 13 ) a ciate, not. less than thirtY days � � �
<br /> from the d�te the notice is mailed to ]3m•ro���cr , b�� �cliicL aucl � brcacli musY bi� c�u•ed ; a��cl ( 4 ) that failure to cure � � � �
<br /> ' such brexcl� on or before tlie dat�9 specified in the notice ivay i•esulL in accelei•ation of the su�ns secured b,y this � � �
<br /> tilartgage and sxile of the Yi•operGy. If the brcach is not cared oi; or befoi•c the c�ate specified in tl�e notice, Lencler � � �
<br /> � at T.ender's option n�ia,y declare xll of thc surus secured by this J�1orC�agc ko be immedimtely due :and payable � �
<br /> without furtiier dc:mand and inay foreclose tl�is \-lortg�ige by jurlicial procceding. Lender sha11 bc entitled to collect
<br /> in such proceeding sll expenses of foreclosurc, inclu� liri� , hut not liiuited to, costs of documeiitary evidence , ' � � �
<br /> abstracts and title i•eports.
<br /> 19. Borroweia Right to Reinstate. Not���ithstanding I.ender'. ucceleration of thc ;ums secured h,y thi�
<br /> Mortgage, Borrower shall have the right to havc any proceedinR� begun b�• Lender to enforcc• this 1Sortgagc dis-
<br /> continued at any time prior to entry ot a ,judgmeni enfoxcing thic �fort�;age if : lal Borro�ti�er pays I.ender sll
<br /> sums which wouid be then due under this Jlor[gaRc, thc: �'ote and notes securin�; Future Advauces , if any , had no
<br /> aeceleration occurred ; ( b ) Borrower cure� all hreachc� of am� otlier co�•rnants or zigrcements of Borrower con-
<br /> tained in tihis Mortgage ; (c) Borrower puys .til reusonabic ex � �enses incurmd h�� Lender in enforc�ing the covenants
<br /> and sgreements of Borrower contained in thi� \1ort �,,���o and i�� ��ni'oreir� I . c�ndcs'� remcdies .s i>ro�:ded in par: -
<br /> grsph 18 hereof, including, but not limited to , ressonable attarnev 's iee. ; and � d ) I�orrower iakes such ssction as
<br /> Lender may reasonably require to sseure ihat the lien of this llortgage, T.endei's interest in tl�c Yropertv and
<br /> Borrower's obligation to F�ay the sums secured by this \lortgage sh :il ! continuc unimpaired . U��on ,uch puyxnent `
<br /> and cure by Borrower, this A4ortgage and the obligation� .ecured l�ereli�� �hxll reinsin in full force und effect. as if -,. { ; � ,� •�
<br /> no acceleration had occurred. - .'`�'� , , ; "
<br /> 20. Aseignment oE Reats; Appoiatment of Aeceiver, Lender in Possession. A�; addiiionzl security here- j,, � t`
<br /> under, Borrower hereby assigns to Lender the rents of ttic: Property . pi•ovided tl�ut Borrocser shall , prior to aeceler- �'w;
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<br /> ation under paragraph 18 hereof or abandonment of the Yroperty , hi;vc thc right ro collect and retain such rents
<br /> se they become due and paysble. � ?� i
<br /> Upon acceieration under Paragraph 78 hereof or atrundon�nen[ of the Yropei•ty , Lender, in i�erson , bp agent
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<br /> er by ju,dicialIy nppointed receicer �hall be ent;tted to eiiter u},�i� , e.�ke � ,o�;�„iun uf au� iiizua�e cLe Prop�rcv
<br />� and to eeflect tf�e rents of the Pr�pert}�, iaeludir.c ihose p�st. due. .111 � cn,: c �llnetc:d 2 ,y L��¢lder ur t)i� re�eiver
<br /> shall be applied first to payment of the costs of inanagement of the Pro�ierty an�l collect5un of rents , induding, but:
<br /> not limited to, receiver'c fees, premiums an rereiver's Gond� and reasonable attorm:p 's fee�, and then to t.hc sum=
<br /> SeCured by this :4Iort�a�e. Lender and the reaeiver shxll t» Iia�hlP t� s�rronnt nnh� S�r th���r r�nt � artit�+ ll}� rcccit•cd .
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