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<br /> not extend or post.pone tlie iiue date oi cLe monthh- in�t :ilh��ent� referred io in paragr;�pl�s 1 aud `L hereof or
<br /> change thc: :�inount of sucli install�nents.
<br /> 10. Borrower NotReleased. Extension of tlx� time f'or pa�� nient ur modificaf.ion of :amortizatiun of the surns
<br /> secured �y ihis \Zortgage granied bti� I.ender to ssm� successor iu intere�t ot Borro�rer ,hall noc. operate to release,
<br /> in anyinamier, tl�e liability of the ori�inul 13m•ro�cer :�nd }3orrower;� successort in inierest. I:ender shall not be
<br /> � require<1 to co:nmence ��roceedings against st�cli siircessor oi• i•efu,c [o extend time for payment or otherwise modify
<br /> � � amortization of tl�e sums secured by t6is \Iortgage l,y- reasw � oi an}• deinand made by ihc origival Borrower s�nd
<br /> Borrower's suecessors in interest.
<br /> �'� 11. Forbearance by Lender I3ot a Waiver. Any forbearance by Lender in e�:ercising any right or remedy
<br /> �' liereunde3•, or othenvise afforded by a��plicable la«�, sh111 not be a �t•aiver oC oi• pi•eclude tlie exercise of any right
<br /> �:; or reinedy hereunder. Tl�e procureinent ot insura��r,e or the � >a}�meni of taxes or otlier liens oi• charges by Lender
<br /> '—' shall not be a, �vaiver of I.encier:s righE. to accelerat.e t.l�e matm�ity of tiie indebtedness secured by this Mortgrzge.
<br /> � 12. Remedies Cumulative. All remedies proti�ide<t in this \lortgage are distinct an�l cumulative to any other
<br /> ' � ^ right or remedy under this _llortguge or afforde�l by 1�«� or rquic�� , and may be exercised concurretttly , independ-
<br /> ently or successively.
<br /> 13. Successors �d Assigns Bound: Joint and Several Liability; Captions. The covenants and a�reements
<br /> herein contained shall bind , and tlie rights ]�erewider ,f�all inure to, thc respectivo successor, :Lnd assigns of Lender
<br /> ;znd IIorrvwer, subject to tLc provision� ot pa�.��rnpti I i hereof. �111 cavenauts aud agreexnents ol Iiorrower shall
<br /> �J�_'- ) O1T_?t £111fI IQVCI"��. 7'�7C' C2?E1�SOI1?- i?I]{� 17n��r,� in�vc qf k�1C �?3P8�T,I';3�)�1$ Of I' �1.5 � TO:,f.p^�,^.�C 1,l>^C` f6P CCIiVCii7ci7CP. biiij' Ai�iG �
<br /> are not to be used to interpret or define the provision, hereof.
<br /> , 14. Notice. Any noticc to Borrorver ��� ro�•ieled for in t6i, Alortgaec sh;�ll i��c gi��en by maili���g such notice �hy � �
<br /> ' eert,ified mail addressed to I3orro�cei• ut itie I'ropert }• .�cicirc:� stated ticio�c , c•xee�it f'or uri}� notice required under
<br /> paragra��h 18 hereof to bc given to Borro�crr iu thc in�tinncr � n•esm-ibed by :�pZ�lice�iblc la�v. Any notice provided �
<br /> for in this \iortgage shall be deeined to h:i�•r becn gi�-en to Borro��•er ��•lien gi �•en in ihe manner design:�ted hercin.
<br /> 15. Uniforxn Moztgage: Goveming Law: Severability. 'Plii, form of wortgage cwnbines uniforin cocenants
<br /> for national use and non-uniform covenanis with lirniied �•ariations b�� jurisdietion to constitute n uniform seeu-
<br /> rity instrument covering real property. 1'I� is \ Iortgagc shall he gocerne<l b,y the la�r of the jurisdiction in which
<br /> � the Yroperty is located . ln t,he eveni that. any provision m• clausc oi thi, \3ortgage or tl�c Note conflicts with
<br /> applieable law , sucti conflict shall not aftect ot]icr provisions of tl�is \Iortgage or t6e Note �vhich can be given
<br /> ef�ect without the confiicting provision , an�l to this end the ��ro��isions of tl�e �'fortgage and t-he Note are declared
<br /> to be severable.
<br /> 16. Borrower's Copy. Borrower shall be Surnislied n coni'm•med copy uf this Alortgage at tl�e time of execu-
<br /> tion or after recordation hereof.
<br /> 17. Transfer of the Property; Assumption. If :ill oi• any part of t-he Property or an interest therein is sold
<br /> ' or transferred by I3orrower �vithout Leiider's prioi• �r-riiten consent, excludin� ( a ) the creation of a lien or encum-
<br /> � brance subordinatc to t,l�is blortgage , ( t.�) tlic r. rention of a ptiu�cl�ase �noney security interest for liouseholcl appli- �
<br /> � ances, ( c) a transfer by devise, descent or by operation ut l :rn� upon the death of n joint t.enant or ("d) the grant of
<br /> � any leasehold interest of three years or less not containin� an option to purchasc , Lender may , at Lender's option,
<br /> declare all the sutvs secured by t:l�is 1�Iortgsge Co be iu�2nediatel�� riue .ind payaUle_ I.ender sl�all Lavc tivaived such
<br /> option to �ecelerate ii, priur m tl�e safe or trsnsfer, Lender and tl �e per�on to �vhom tlie Property is to be sold or `��
<br /> transferred reach agreetnent iu �crit,ing tl�at tlie eredii of s�ch � �ersou is satisfactory to Lender snd tl�at tl�e interest "
<br /> payable on the sums secured by this \iortgage �h:�ll be at suc)� racc �ic t.ender ,liall reyuest. If I.ender has waived
<br /> � the option to acceler�te provided in tl�is pai•agra��l� 1 r and iC }3orrowei's �i�ccescor in interest i�as executed a writ-
<br /> � ten assumption agreeinent accepted in �vrititig by Lecider, Lender shall release Borro�vei• froin all obligations under
<br /> i this Mortgage and the ATote.
<br /> a If Lender exercises such option io secelerato , I.ender shzll �uail Boi•rower notice of acceleration in accordance
<br /> < <vith paragraph 14 hercof. :iuch noticu ,hall providc s periocl of r�ot les: th.ui 30 days froin tlie date t}�e notice is
<br /> mailed witl� in wLich Borrower mny p:1y tl�e s�uns cieclared duc. If Borro�ti�er fsils Co � �ay such surnn prior to the
<br /> expiration of such period, Lender inay , nitliout ft�rt]ier notice or �ie�nand on f3'orrower, invoke :any retnedies per-
<br /> tnitted by paragraph 18 hereof.
<br /> i�or-UxxFoxM CovFxn�Ts. Bot� ro�ver :ind Leiidei• fizi•tlier cove>> �int ancl ari•ce ati f'ollows :
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<br /> 18. Aeeeleration; Remedies. I;sce2�t as ��ro�•i� lecl in � �ar:i�;ra� �l � 17 hcreof , upon I3orrower:s breacli of i�ny
<br /> covenant or agreetnent of f3orro�i�er in tl � i, �Iort �a�c , inclu� ling ilic co��en:ants to pa�� �vl�en duc any snms secured
<br /> � by this �Yortgage, Lendcsr prior to arcclen3lion sl �all n � �iii notice to 13orro���rr a� � iro�•ided in paragra��>li 74 hereof �
<br /> specifying: ( 1 ) the brench ; (2j tl�e ac�ion required to cur�� >ucl 'i breach ; 131 � dste . not. less th:in thirtv davs
<br /> � from the date thc notice i� mailed to liorro���cr. L}• ���liicli =ucli brcrirli iuust be ci:red ; and (' 41 that failurc to curc� �
<br /> such breach on or before the date specifieci in tJie notice me�y result in axccele�ation ot tlie sum; secured bv this �
<br /> �Iortgage and sale of the YroF�rriy. If the breach is not cmrd ot; or before the date ,pecified in the notice, Lender
<br /> at Lender's opt�ion may aeclare till of thc sums s��.cured hy tliis 1lortgage to be i�r�mediately d��e mind payable � � �
<br /> witl�out furt�her deruand anii n�iay iareclose this \lort�n�;c b}- judiciai proceeding. Le��der sl�all be enLitleri Lo collect � � � �
<br /> , , in such proceeding all expenses oi forecloswr, inc� ] wling , hut not liinited to , oosts of documentary evidence,
<br /> nbstracts and title reports.
<br /> 19. Bozrower's Right to Reinstate. No[�•itl�standing Lendei'� accelerution ot the suuis secured Uy this
<br /> � Mortgage, Borrower shall l�ave tl�e right to ha��e any� t�roceedings begun by T.endc�r to enforcc this �fortgage dis-
<br /> continued at a�ny time 7uior to entry of a jud�ment enfoTcing thi� �Sortgage if : ( ai Borro�ti�er pa,ys Lender all
<br /> sums which would be then due under this \Iortgage, the 'Vote and notes securing Future Adv:inces , if any, hsd no
<br /> accelerstion occurred ; ( b ) Borrower cures all breachc� of au��� other co��enant � or :i�;reements of Borrower con-
<br /> tained in this bZortgage ; (c ) Borrower pays all reasonablc ex��enses incurrc�i b�• I.ender in cnforcing the co��ensnts
<br /> and agreernents of Borrower contained in tl�i; \ Iort�ci�;e and in enim•�inK Len�ler', remedie: a� Irrovi�led iri j�ar:i-
<br /> graph 18 hereof , including, but not limited tu , re�sonab]e attoi•ne�� '< iee� ; avd id 1 13orro«�er takes �uch rtetion a�
<br /> Lender may reasonably require to assure that the tien of tl�i� \Iort�;age . Lender': intere,t in the Property and
<br /> Borrower's obligation to pay the sums secured by th�s lloct �;a!�e �hall contii�ue unimpaired . t7i�on sucl� payment ,{
<br /> and cure by Borrower, this Mortgage and tl�e obligat �ou, secured hc� cb}• �hall rein:tin in full forcc and effect as if �f " ;�,,
<br /> no acceleration hadoecurred. " -= ,,� �� '
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<br /> 20. Assigament of Renls; Appaintment of Receiver: Lendez in Possession. ,�, additiona] securily here- � r
<br /> under, Borrower hereby assigns to Lender the rents of the Properr�� , provided thac 13orrn�+�er sliall , prior to ucceler- � , , �;
<br /> � ation under paragraph 18 hereof ar abandonment of the Pro��erty, hsve tt�c ri�ht to collect and retain such rents � "
<br /> as they become due and payable. : ' �'""'
<br /> Upon acceleration under parsgrapL 78 hereo{ or abandomne�t ot the Yirope3•t �• , I.ender, in person , by a�ent
<br /> or bv judicially apgointed receiver chall fir entit ��.�{ to �ntor ;;j��r , + � L;e �1���.e �io:: oi ctnd ;nar.:ige ', hc Properi_,-
<br />� and to collect the rents of the Pro��erty , includii�y� tho.e nast �iuP � 11 a�rnrc rollerr��i b�� I:i•ecler or thc recci��er •w
<br /> shall be applied first to payment of the costs of �uanagement of the Yroperty� � ucl collection of rent� , including , but
<br /> not limited tq receiver's fees, premiums on receiver'� bond� and reasonable ziicoi•ne,y '� fees . ancl then to the sum� �
<br /> secured by this ��ortgage. Lender and the receirer ,hall Lm liahle to account only ior tho�;c rents actu.illc received.
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