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<br /> � not extend� or post.pone the due date af fl�e �nonihly instnllment� refarred to in �;�ar3graphs 7 and 2 hereof or � � �
<br /> change the atriount af sucli installrnents.
<br /> 10. Borrower Not Released. Lxtension of the time Sor � >:�,yment or modification of amurtization of the sum�
<br /> secured by this Viortgage grantecl by I,ender to :�ny �uccessor in interest oi Borro�ver sha11 not: operate to release,
<br /> in any man�ier, the liabilit.m• of tl�c original ]3on�ower nnd I3orro�ccr's successors in interest. Lender shatl not be
<br /> required to commence proceedings against tiueh successor or refu<e to eatend f,ime for payment or otherwise modify
<br /> ainortization of the sums secured by this \la•tgage I�y rensou oi' any dem�ncl rnade by the original Borro�ver and
<br /> Borrower's successors in interest.
<br /> � I� 1L Forbearance byLender Not a Waiver. Any forUe� r:tuce by Lender in exercising any right or remedy
<br /> � hereunder, or otherwise :�fforded by applicaUle la�v, sliall not be n ���niver of ur preclude the esercise of any right
<br /> : � or remedy hereunder. The procuremeni of insurance or the paytnent of taxes or other liens or charges by Lender
<br /> ' � shall not Ge a �vaieer oF Lender's right. to accelerate the �naturity of the indebf,edness secured b,y this :�Iortgage.
<br /> ; �.:.' 12. Remedies Cumnlative. All remedies provided in thi� \lortgagc are distinct and cumulat.ive to any other ,
<br /> r � right or iemedy under ttiis �Iortgage or :�fforcle<t h� la«• or equit}�; :xnd ma�� .be exercised concurrently, independ-
<br /> � ently or successively.
<br /> � 13. Successors and Assigns Bound; Joint and Several Liability; Captions. The covc:naznts and agreements
<br /> lierein contained shall bind , and the righEs heceunder shsll im�re to , tl�c respective successors and assigns of Lender
<br /> ;�nd Iiorrower, subject to the pro��isions of p:iragr:tpl� ] 7 liereof. :1ll covenanCs anrl agreements oi Bon•orver shall
<br /> Ue joint uud several. The ccaptions and headings oY tlic pssragra � �hs of this \Iortgage are for conveniencc onIy and
<br /> are not to be used to interpret or define tlie ��rovi�ions liereof.
<br /> �. � 14. I4otice. Anti• notice to l3orrower pro��it�ied fm• in t� I�i� A1'ort�age �I� :ill bc b•iccn by �n�.iling sucl� notice by �
<br /> certified uu�il addressed to I3orro�ver .tt thc Yropert�� address state�i bclo�r , crccpc fm• auv nuticc requircd under
<br /> paragr� ph 1�3 hereof to be gi�-en to Borro�cer in the inanricr prescribecl by :ipl��licat�le lats. :�ny r�otice provided �
<br /> for in this �lortgage sl�:�ll be dee�ned to l�a��c bccrn �;iven to 13oi•i•o«�er a�l �en ;i��en in th� cnanner designated herein.
<br /> 15. Uniform Mortgage; Governing Law; Severability. '1'hiv form of uiortguge coinhines uniform covenants
<br /> fornational use and non-uniform covenants witli limitecl �•ariations b}� jurisdiction to constitute a uniform secu-
<br /> rity instrutnent covering real property. '1'his \Iorcgage shall bc govei•ned by the la�v of the jurisdiction in which
<br /> the Property is located . In the e��eni that any provision m• clausc oi this \Iortgage or the Note conflicts �vith
<br /> applicaule law, such co.f3i�t shal: r.ot af?'ect otE:er ; �rovision� ot tLis �Iortgaa� or the Nnte ivhich can be given
<br /> effect without the confiicting }�rovision, and to this end the pro��isions of t:he \lortgage and the Note are declared
<br /> to beseverable.
<br /> 16. Borrowei s Copy. I3orrower shall be furnisl�ed ct confoimed copy of this \lortgage at tl�e time of execu-
<br /> tion or after recordatioi2 liereof.
<br /> 17. Transfer of the Pzoperty; Assumption. If all or any part of the Property or an interest therein is sold
<br /> ; or transferred by Borrower without Lender's prior �vritten consent , eacluding (a ) the creation of a lien or encum-
<br /> brance subordinate to this �7ortgagc, ( b ) the creation ol' a purch� se moi�ey security interest for l�ousehold appli-
<br /> ances, (c) a transfer by devise , descent, or by operation of la��• upon tl�c death of a joint tenanC or (d ) tlie grant of
<br /> " any leasehold interest of tl�ree yeflrs or les� not containitig :in option to purchuse, Lender may, �t Lender's option ,
<br /> � declare all the suins secured by thie 14ortgage to be immediately duc �nd payable. Leuder sliall ha�ve waived suoh
<br /> option to accelerate if, prior fo the sc�le or transfer, Lencier and tl'iu person ta whom the Property is io be sold or
<br /> transferred reacli agreement in �vriting that tlie credit of sucli � �erson is satisfactory to I,ender and thai the interest
<br /> ' payable on the sums secured by this �lortgsge s1�a11 bc at sucli rate as I.ender shall request. If Lender has waived
<br /> j 6he option to accelerate pro��id�d in t.his paiagraph 17 and it' Borron�er's successor in interest l�as executed a �vrit-
<br /> t ten assumption agreement sccepted in �vriting Uy Lendei•, Leuder shull release Borc•ower froin all obligations under
<br /> this Mortgage and the Note.
<br /> If Lender exercises sucl� option to accelerate , Lender shall :naii Borrower notice oT acceleration in accordance
<br /> =# wiLl� paragrapl� 14 hereof. Such notice sl�all provide a periocl of not less than 30 days from the datc the notice is
<br /> � mailed within which 13orrower may puy Lhe sums declared dur. lf Borro�t- er fails to pay �uch swns prior to the
<br /> t ex�iration of such period, I.ender ma�� . �cithout furtlicr notice or clemand on 13'orro«�er, invoke any remedies per-
<br /> mitted by paragraph 18 hereof. �
<br /> ` , \'ox-Iixiaoxnz G�vr:xnxTs. Bori•owe�• zuid Leuder Y'ui•tl�cr co�� e�iazit :�iid a�ree a� follows :
<br /> ; 18. Aceeleration: Remedies. Exce��t :i� pi•o�•idc�i in p:iragi•n� il � 17 liereof , u��oii 13orro�t�er's breacli of any
<br /> covenant or agreement of i3orrowcr in i6is �Iorty;age , includiug tlic covenar�ts to �iuy n�i�en duc any �ums secured
<br /> by this �Lortgttge, Lender ��rior to accclerution , lissll inail notice to 13orro�vci• a: �iro��ided iri �iairxgraph 14 I�ereof
<br /> � specifying : ( 1 ) tl�e bre�ach ; ( 2) t�he aci�ion requii•ed to � cure sucl�� l�rcacli ; 13) .i date, nof� Je.s than tl�irk-y clays � �
<br /> ` from tl�e date the notice is mailect to 13arro�rer, 1 ��� �chicl� .�ucli Inrr�i•li iuust bc curecd ; xnei ( 41 that failw•e to cure
<br /> such breach on ur before the daCe specified in the notiae muy result in sscceleration oC the suui� secured by this
<br /> ?�lortgage and� sale, of the Property. If the bread� i� not curci9 on or before the da�te spccifi�d in the notace, Lender � � � �
<br /> nt Lendcr's option may declarc all of the sumy �ecured by thi� \lortga�c to be immediately due and payable
<br /> without further demand and may foreclose tl� is Jtort�;t�e lav ,ludiciul proceeding. Lender shnlf be cntitIcd to collect
<br /> in such proceeding all expen�es ot foreclosure , inchulirig, hut not limited to , costs of documentary evidence,
<br /> abstracts and title reports.
<br /> 19. Boaower's Right io Reinstate. tiot�rithstunding I.ender's ucceleration of the sums securcd by this
<br /> Mortgage, Borrower shall have tl�e right to h�i��e aiiy proceedings }�egun Ly ].endei• to enforcc this �Iortgage di�-
<br /> continued at any t,ime prior to entry of a judgment enfo�cing thi. ltortgx3ge if : ( ss ) Borro�aer �iay� I,ender all
<br /> sums which would be then due under tliis �iortgx�;e, thc Note :uid notes ser, uring b'uture Ad�•ances, if any, had no
<br /> acceleration occurred ; ( b) Borrower cures al] breaches of any other covr. nar�ts or s�reements of Iioi•rower con-
<br /> tained in this Mortgage ; (c) Borrower pnys sll reaconiiblc� es��enses incurre� h}• Len�.9er in enforcing the covenxnts '
<br /> and a�recmenLs of Borroiccr cont;�ined in thi_ \ Ior.ga�;c ai�d iu cu ;orcin� Leu�Icc's r�•uir.lie. as � iruvi�ie�! iu p�r:i-
<br /> graph 18 hereof, including, but not limited to, mason:nUle aittornc}- 's fee� : and td ) T3orrocver takes such action ss
<br /> Lender may reasoiiably require to assure that the lien of this .11ortg;ige, Z.ende!'; inierest in ihe Yroperty 3nd ;
<br /> Borrower's obligation to puy the sums securec! b�� th �� \fort�ago �hall continue unirnpaired . Upou �uch payment
<br /> and cuTe by Borrower; this :�4ortgsge and the obligstions srcured hereb}� sh;ill reYnain in iull force and effeet as if ^�`r " ' ""�..
<br /> no acceleratiion had occurred. � � :� u'�;
<br /> 20. Assigaa�eat of Reats: Appointment ot Receiver, Lender in Possession. as additional securit.y here- �"= � Y' „
<br /> �� under,Borrower, hereby sseigns to Lender the rent� of the Property . �rro��ideci Yhat I3orro«�er shall , prior to acceler � '� •
<br /> ation under paragraph 18 hereof or abandonznent of the Property , l�avc tlic right to collect and retssin such rents $' r�"E
<br /> ,�.
<br /> i as tl�ey become due and }�ayab2e. ; � ,
<br /> Upon aceeleration under pnTagrapir 18 hercof tir abandonment of the Yropert�� , Lender. in �ier�on, by agent
<br />� or vy juuivia3ly appdinted receivez sh�il l�e entitled to enter upon , tske ��osscssion of and �nianage the Yrcpert.v
<br /> bnsi to colleuL tlie renLe ot tiie Pro��eri,y ; including; tiwse Iia:;i due. :�ll rents coilected by I.ender or the re,ceiver "-- -
<br /> shall be applied first to payment of the costs of u2anagement of tl�e Property and collection of rents , induding, but
<br /> not limifi,ed tu, receiver's feec, premiums oc� receiver'c bonds anc3 rcasunable attorney 's fc�s , and then to the sums
<br /> aeetired by thiq Martgagp. Lenc?cr and thc recei��cr sliall hc liahlc to ac�ount onlc for those rents :xet.un. ly- 7�occi��ed .
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