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<br /> � ❑ot extend or �iostpone � the due datc ot the inontlily� iiistalhnents referred to iu pars�ra�hs 1 and 2 hereof or �
<br /> change the umount of such installments.
<br /> 10. Borrower Not Released. Lxtension of tJie ti�r�e for pttiy�nent: or inodifictttion of asnortization of ti�e sums
<br /> secured by tliis �Iortgage Sranted by I.ender to i�nv ���ecessor in interest of Borro�ti�er shall not olierate to release,
<br /> in axiy inanner, the liability of tk�e origin:�l I3oi•ro�vcr a�nd Bon•o«•ei 's successors in iriterest. I.ender shali not be
<br /> required to cummence proceedings ugainst sucti successor or i•efuse to extend time for payment or otherwise modify
<br /> amortization of tl�e sums secured �y tliis \Sortga�e I�y reason oi :uip demand mnde by the original Borrmver and
<br /> � Borrower's successors in interest.
<br /> 1L Forb�eazance by Lender Not a Waiver. �1uy forbearance by Lender in exercising any right or remedy
<br /> ; liereunder, or otherwise afforded Uy applicable la�c , shyll not be a waiver of or preclude the exercise of any right
<br /> or remedy hereunder. The procureinent of insurance or tl� e pa,yment of ta.xes or other liens or charges by Lender
<br /> ; C('j shall not be a �v:iiver of Lender's riglit to ssccelerate the ri�aturity of the indebtedness secured by this �lortgage.
<br /> ; � 12. Remedies Cumulative. All remedies provided in this \lorigage are distinet and cumuIative to ssny other
<br /> ! CV right or remedy under this tilortgage or ufforded fry ]u��• or equit�- ; and m:�y bc exerci�ed conr.urrently, independ-
<br /> ; L('„ ently or suecessidely.
<br /> z � 13. Successors and Assigns Bound; loint �d Several Liability; Captions. The covenants and agreements
<br /> 4,,, lierein contained shall Uind, and tdic rights lieremider :ha�ll inure to, tlic respeetive successors and sssigns of Lender
<br /> i R and Borrower, sul.iject t.o the provisions of i�uragraph 1Z hereof. :111 co��enauts and zgi•eeTnents of F3brro�ver ehall
<br /> g t�ejoint si�d sevenal. T3�ie c�ptions t�,nd heatdings of t�lic ��aragi.aphs of this \ [ortgage are for convenience only and
<br /> °� � are not to be used to interpret or 3efine tlie provi�ions liereof.
<br /> � 14. Notiee. Any noticc to I3orro�ver pro�•icicd for in thi; \ lortgagc sl3all bc gi�•en f,�y niailing such notice by
<br /> �
<br /> certified inail addressed to Borro�vcr .it the Yroperty Ad<irc�, ,tssted belo�s , except for uny notice required under
<br /> }�>t�ragr3�1� 181�ereof to be givun to Bor•ro�cei in Yhe insnrier prc�scribed b�� applicalale lrs�ti�. An5- nof,ioe provided � �
<br /> �` for in this �iortgage shall be deemed to have been g�iven to I3orro�+�er «�hen �;iven in tluz manner designtitecl herein.
<br /> 15. Uniform Mortgage; Governing Law; Seve:ability. '1'hi� form of mortgage combines uniform covenunts
<br /> � for national use und non-uniforin covenants witl� ]imited ��ariati�ns by jurisdiction to constitute a uniform secu-
<br /> � rity instrument covering real property. This \ Iortgage sl�all be governed by the la�v of the jurisdiction in which
<br /> the Property is located. In the event: ti2at any provision or clause oi tdiis Jlortgage or the Note conflicts witl�
<br /> applicable law, sucl� conHict shall i.ot affect otl�er provision� of ttiis \1ori.gage a• the Note �vhich cun �e given
<br /> effect without the conflicting provision, and to tliis end the pro��isions of the _l4ortgage and the Note are declared
<br /> to be severable.
<br /> � 16. Borrower's Copy. Borro�ver shall be fur�� isl�ed a confm•med copy of this llorfgage at the f,ime of execu-
<br /> tion or after recordation liereot.
<br /> 17. Transfer of the Property; Assumption. If all or any part of tl�e Property or an interest therein is sold
<br /> or transferred by F3orrower �vithout Lender's prior writ.ten consent . excluding ( a ) the creatio�i of a lien or encum-
<br /> brance subordinate to this \4ortgage, ( b ) thc crcation of a purchase moue�- security interest tor household appli-
<br /> � ances, (c) a transfer by devise, descent m• by operution of la��� upon tl�e deatli of a joint tenant or (d ) tlie. grant of
<br /> any leasehold interest oF 'three years or lese not containing au option to purchase, Lender may, at I.ender's option,
<br /> declare all tl�e sums secured by tl�is llortgage co be iinmediutc+ly due and payable. I.ender sl��ll have waived such
<br /> option to accelerate if, prior to tl�e sale oi• transfer, Lender aud tlie person to �vlioin tlie Yroperty is to be sold or
<br /> transferred reach agreement in writing ttiat ilie credii oti suclr {�erson i, .st.isfactory to Lender and tl�at the interest
<br /> paysble on the sums secured by this \iortgage sl�al ] Ue ;st sucli rate as Lender shall request. If I.ender has waived
<br /> ; the option to uccelerate provided in this paragrapL 17 ana iC I3orro�ver'; successor iii interest has executed a writ-
<br /> ten assumption agreement accepked in �rriting by I.ender. I.ende.r shall release Sorrower from ali obligations under
<br /> ` this Mortgage and the Note.
<br /> kIf Lender exercises such option to accelerate, Lender shall :nail I3orrower notice oi acceleration iu accordance
<br /> �vith paragraph 14 hereof. Suc�h irotic. e shall pro�•ide x period of not less tl�i�u 30 days from the datc the notice ie
<br /> t mailed within which 13orro�+•er may p�y t:he suu�s dcclared due. lf ]3a•ro«�er fails io psy �ucli suins prior to the
<br /> expiration of such period , Lender may, ���itliout further noticc or demand on B'm�rower, invoke any remedies per-
<br /> ;
<br /> mitted by paragraph 18 hereof.
<br /> \'ox-I'xisotcnz CovLxnxTs. }3oi• i•o�vei• :tiid Letider fui•tlu�i• coc-en�tint and an�'ee as follow� :
<br /> 18. Acceleration; Remedies. F,scept us j �ro��idc�i in � inragrn� ili ] i he�reof , upon 13orrower ', bm:tch of ;�ny
<br /> coven�nt or agreeinent of Borrower in tl�ii� �SorC�nRc , includinR tLe covenanfs to pay �vliexi dua any suins secured �
<br /> by this :�4ortgage, I.ender � � rior to .ici�elerntiou .hall �n:�il notice to 13orro���er ss � n•o��ided in ��3ragraph 14 hereof —
<br /> !� specifying : � ( 1 ) the bi•each ; ( 2 ) � t,he nction requiird to cure �ucli breach ; 131 a riute , not lcss than thirty daye
<br /> trom the date thr noiice is niailed to t3orro�cer. 1 ��� �cl�ich :iich hrcacli niust Im curcd : and 141 that failure to cure
<br /> ,uch breacli on or before tlie date spceified iii the nvtice � nay re;ult in ac+celt�ration ot the surn� secured by tliis
<br /> �4ortgage and sale of the Yroperty. If the breacli Ss not cm�erl a; or beforc the date specified in the notice, Lender
<br /> at Lender's o}��tion u�ay dcciare ull o[ che swns seciu•ed by tl� is \lortg�ge to be immediatcly due snc� payable � �
<br /> without further demand and may Soreclose tl�is \loriga�;e hy ,iudicial proceedin�. Lender sliall bc entitled to collect
<br /> in such proceeding all espenses of (oreclosurc , inclu< ling, hut not IimSted to , costs oS documentary evidence,
<br /> abstracts and titie reporis.
<br /> � 19. Bonower"s ffight ta� Reinstate. A'otk�ithstanfliug I.endci's acceleration of the sum� secured by this � � � � �
<br /> Mortgage, Borrower shall have the right to ha��e Zny ��roceeding� begim by Lender to enforcc this Jlortgage dis-
<br /> continued at any time prior to entry of a judgment enfoxrin� this \Imtgsge if : 1a ) Borro�rer puys Lender all
<br /> sums whieh would be then due under this \iortgage , tlre Note :u�d notes securing Future Ad�•ances , if any , hxd no
<br /> acceleration occurred ; ( b ) $orrower cure, ail breucl�e> of rin�• uther co�•en;tnts m� a�ree�nents of I3orrower con-
<br /> tained in this Mortgage ; ( c ) Berrower {>a}•s all !•easonab! e i��,•cr.sc� in�!irred I ��• I .ender in cnforr•ing the coi�enants
<br /> and sgreements of Bormwer contained in tlii� .\lort �agc :ind iu enlor�inR Lendcr's rcmedie, as I�rovided in pnr2-
<br /> gtaph 18 hereof , including, but not timited to, reusonsUle ,tttm•net� 's iee� ; and ( cil Borrou�er takec such aetion as
<br /> Lender may reasonablv require to as5ure tluat the lien of iliis \Iortg:��;r , Lender'� i»terest in the YroC>ert,y a�n�9
<br /> Borrower's obligstion f,o pay the sums secured by t-hi� \'loi•tgo-i�e �halt continue nnimt�aired . LTF�on sucli payrnent �
<br /> and cure by Borrower, this '_VIortgage and the obligations �ecured I�emti}� shal! reinain in full fome and effect as if , '4 ,� t",
<br /> no seceleration had occurred. ,f � ?� ��
<br /> 20. Assignment of lienfs; Appointment of Receiver; Lender in Possesssion. :�s additional security here- a Lq .
<br /> � under, Borrower hereby assigns to Lender the rents of the ProE�eiTy . ��ro��ide<3 thst Borrozcer shall , prior to acceler- ; r ,-:
<br /> ation under paragraph 18 hereof or abandonment of the Property , lui�-c the right to collect �nd retain such rents ` ;,x '
<br /> as they become due and Payable.
<br /> y�p. � � � � , Ti7pcn .ncc�ieration ut�der � paragFaph IS L�reuf ur wuau�iunu;ent ut iLe i'iuE>r,rty , i.rnuer, in ��eroon , i5y xgent, �
<br />�"� or b;, jntkicim.11y� appointed rzcei�er shaY7 be ontit�lcd to � c�ntar upozi, take ��os,�,sioii oE � a:nd munage tl,c Pro��erty �
<br /> � nnd to collecEthe rents ��of the �Property, including those � past <iue. All rents collected by Lender or t.he receiver � � � `� �
<br /> ahall be applied first to payment of the coets of management of the Property and collection of rents , includin�, but
<br /> � not, li��it,ed tn, rnceiver'a 9PP< , � prPmirirnr on ro��iv�r'� hnrnl= � rin�l r�•ri�nne� hle� ,ittor+iPv', i�r�� . ;� n�4 then t� the �iun�
<br /> � ' secured by this ?Vlortgage. Lender nnd the receiver sliall be liable to accoimt onl}• for tho�e rents :ictu.�lh� received .
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