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<br /> not extend or postpone tlie due dite oi thc inonthl�� in>t ;illiuenfs referred to in �>arngraphs 1 and 2 liereof or
<br /> chunge t1�e amount oP such installinents.
<br /> 10. Borrower Not Released. La:tension of the time for p.t�-iuent. or modification of ainortization of the sums
<br /> secured by this 3�tortgsge granted by I,ender to any successor in interest of Borrower shall not operate to release,
<br /> in any manner; the lialzitit,y of tl�e original i3orrower and I3or�•oti�•cr; succcssors in interest. Lender shall not be
<br /> � required to commence j�roceedings againct such successox• or reiu�e to exteiid time for payment oi• otherwise modif,y
<br /> � umortization of tlie sums secured by t,l�is \fortgage by reason of auy deinand uiade by the origina] Borrower and
<br /> Borrower's successors in interest.
<br /> � �� 11 . Forbearance by Leader Not a Waiver. Any forbearance by Lender in exercising any right or remedy
<br /> � h2i�anuar, cr ct;erwise afford -ed b3� applicsble t:x�v , shall not bc a �vai�=er of or preeIude fhe exereise of any right `
<br /> „� or remedy liereunder. The procurement of insuranr,e or the payment of taxes or other liens or charges by Lender
<br /> '—' shall not be a waiver of Lendcr', right to accelerate tl�e mnturity of the indebtedness secured b,y this Mortgage.
<br /> 12. Remedies Cumulative. �Il remedies proaided in this \ Iortgage are distinct anc3 r,umulative to any other
<br /> ! h right or remedy under this llortgage or affordcd hy la�a m i quit.y, unci may bc exercised concurrentl
<br /> � ently or successively. y, independ-
<br /> 13. Suceessors and Assigns Bound: joint and Several Liability; Captions. The covenants and agreements
<br /> herein contained shall bind, and the riglifs her•eunder �l�all inure to, the respective successors and assigns of Lender
<br /> , and Borrower; subject to tl�e pruvisions of paragr:tph 1 i hcreof. �111 covenants und sgreements of Borrower shall
<br /> Ue joint and several. The captiotis and headings ot the paragraplis oi tliis liortgage arc for com�enience only and
<br /> are npt to be used to interpret oi• definc tl�e provisions l �ereoi.
<br /> � I4. I�IoYice. 9ny taotice to Boi•r�overr proc�ir.ted for in tiii; Afortg:tge shat2 I�e �;i��en by �naiiing such notice b�* �
<br /> certified inail addressed to Bori•oiver .ic the Yroperty Addicss stated bclo�v , except. for .iny notice required under
<br /> paragr� ph 1� l�ereof to be given t� Iiorro�rcr in ti�e inannar � � rescribed by applicablc lix�v. _9ny notice providecl � � �
<br /> for in this \lortgage shall be deerned to h.z�-c I�een gi�•en to 13orro�vcr �vl �en giveu in tf �e ivauner designated herein.
<br /> 15. Uniform Mortgage; Governing Law: Severability. 'I'l� is torm of uiortgage combines uniform covenants
<br /> ? for nationul use and non-uniform covenants �vitli limited �•ariations by jui•isdiction to constitute a uniform secu-
<br /> rity instrument covering real property. This \iortgage c}��� � be governed by the law of the jurisdiction in which
<br /> the Property is located. In the e��ent that. any provision or clausc of this �Zortgage or the Note conflicts with
<br /> � applicable law, sucl� conflict sha11 not uffect other provisions of this \lortgage or the Note whicii can be given
<br /> effect without the conflicting provision , and to ihis end t.he provisions ot the �Iort6age �nd the Note are declared
<br /> to be severable.
<br /> 16. Bonowar's Copy. Borrower shall be furnished � confoi•med copy of tl�is �'Iortgage at tfie time of execu-
<br /> tion or after recordstion hereof.
<br /> 17. Transfer oE the Property; Assumption. If ;tll or any part of t: k�e Property or an interest therein is sold
<br /> or transferred by Borrower without Lender's prior writ[en cunsent., excluding (a) the creation of a lien or encum-
<br /> brance subordinate to this �fortgage, ( b) t.he creation ot a purchase mone}� seeurity interest for household appli-
<br /> ' ances, (c) a transfer by devise, descent or by� oirera�tion of ]n�c upon the death of a joint tenant or ( d ) the grant of
<br /> any leasehold interest of three years or less not. containing an option to purchase, Lender may. ai Lender's option,
<br /> declare all the smns secured b}� this Mortgage t.o be innnediately ciue and payable. Lender sl�al ! have waived such
<br /> option to accelerate if, prior to tl�e sale or transfer, Lender and tlie person to �vhom the Yroperty is to be sold or
<br /> trunsferred reach agreeinent in writing tliat the credit oi such person is �atisfactory to Lender and th�t the interest
<br /> paysble on the sums securecl by this \1ort�agc shall be at sucl� rafe as Lender shall request. If Lender has waived
<br /> the option to accelerate provided in tliis paragrapl� 17 and if I3orrower's successor in interest has executed a writ-
<br /> ten assucnption agree�nent accepted in ��•i•iting b,y 7.ender, Lender shail release Borro�ver fro�n all obligations under
<br /> t.his Mortgage and the Note.
<br /> If Lender exercises such option to accelerate , Lender shall �nail 13orrower notice of acceleration in accordance
<br /> witl� paragraph 14 hereof. Such notice s1ia11 pro�•ide a t�eriod of not Iess than 30 days from thc date the notice is
<br /> inailed �i�itl�in which Borrowei• may pay t,l�e sums declared due. If I3orrower 1:tils to pay such surns prior to the
<br /> expiration of such period, Lender ina}>, without furtl�er notice ar �1ciu:�iid on F3'orrowei•, in�•oke any re�nedies per-
<br /> ` mitted by paragraph 18 hereof.
<br /> \Tox-TT�INox.ni Cov�,xa�Ts. T3oi•ro�ve�• and Lender f'urtl�er c��vc�uant and a�ree a5 follo�ti• 5 :
<br /> 18. Acceleration; Remedies. �;sce�rt as provided in �r.uagrn� ili 17 hereof , upon Borrower's Ureach of uny
<br /> covenant or agreement of Borrou�er in this \ Iort�a�c, inch�dinq tlie covenants to pa}� �i•hen due anv suius secured
<br /> � by this '�Lortgage, I.ender ��rior to �cceler.�ttion sf � ssll in:iit notice to F3orro�ver us � � ro�•ided in 1>:i�•a�r�tpl� 14 I�ereof � � � � � �
<br /> specify�ing : ( 1 ) the breach ; 12 ) the action rcyuired to cwe such breacli ; (3 ) u datc , not ] e�s than thirty days
<br /> from the date the notice is mailcd to 13urro��-cr. I >�- �rhicl� �uch breach u�uct be cured ; and ( 4 ) that f�tilw•e to eure
<br /> such breacl� on or before the date �pecified in ther noticc may result in acceleration of the suins sccured Uy this
<br /> '_4lortgage and sale of the Properfy. If clie breacli i� not cured on or l,�efoi-e thc ciat� � specified in the iiotice, Lender � � � �
<br /> �t Lende�r 's option may declaro a11 of the sums secured by thS� _l3ortgagc to bc imu�eclititclys due nnd payable � � � � � �
<br /> without further demand and may forec]ose this 1lortgagc� b}• judicial proceeding. Lender sLa] ! be entitled to collect
<br /> in sueh proceeding all espenses of foreclosure, incluiling, bnt �iot liuiiteci to , costs of ciocuu�erit�ary evidence, � � � � �
<br /> abstracts and title i•eports.
<br /> 19. Bonower's Right to Reinstate. 1otH•it ]�;tanding 1.ender'. ciccelerxtion of tl�e sums �ecured bY this
<br /> Mortgage, Borrower shall ha��e the right to have any proceedingn be�un by T_ender to enforce t.hi� liortgsge dis- .
<br /> continued at 'any time prior to entry of a jud�ment et�fo7cing tlxis \Iortguge it : Ial Borro«-er pays Lender all
<br /> sums which would be then due under this \Iortgn�*e, the :�'ote and notes securin�; Future � d ��nnce�, if any, had no
<br /> acceleration occurred ; ( b ) Borrower cure� all breaches of an�� other ro�-cnnnt� or agreeinents of Borro�ver con-
<br /> tained in this Mortgage ; (c) Borrower pays all refi,ouable es� �ense. iucurred h�- Lender in �>nforcin�; the covenants
<br /> and agreeiuents of Borrower contained in thi� �-lort�a�;e .and iu eniorrin�; Lenc{cr'. reiiaedies as provided in para-
<br /> graph 18 hereof, including, but not liinited to, reasonable at.tm•ne�� '� fees ; and idi l;orro�cer txkes sucli action as
<br /> Lender may reasonably require to assure that the lien of this \Iortgss�e , I..('7l[IP.P�B intere,t. in the Yroperty and
<br /> BorroweYs obligation to pay the sums secured by thi� \lortgage �l�all co�tinuc unimpaired : Upon auch payment t
<br /> and cure by Borrower, this J�Iortgage and the obligataons secured hereb�• shali remai�i in full foi•ce and effect as if ' ; •
<br /> � ;
<br /> no acceleration had occurred . a •�,�
<br /> 20. Asai r ° , � +� � " .
<br /> gnment of Rents; Appointment of Raeeivar; Lendez in Possession. As addifionnl security here-
<br /> 1 under, BorroR•er hereby assigns to Lender tl�e rcnts of the Prop�rty . �>i•ovided tliat Borro���er shall , prior to acceler-
<br /> ation under paragraph IS hereof or abandonment ut tlie Propert,y, havc the right to collect and retain sueh rents '
<br /> as they beeome due snd payable. �; ��� ~
<br /> Upon acceleration ander paragraph 18 hereof m• ahandonme�nt of thr Yiniiert�� , T e�n�ter, in r,er.or., b•: ��,en+,
<br />� or by judicially xppointed receiver sha11 be entitled to entcr u2,on , take ��os�e..�ion of :inr3 �n� na,e,� the Yroi,rrt�• ...�,;,
<br /> and to collect the rents of the Property, inciuding those past duei All rents rollected b�� Lender or the receiver �;
<br /> shall be applied first to payment of the costE ofinanagement of t1Ye ProE�erty rxnd collection of rents, includin�„ but.
<br /> not limited to, receiver's fees, premiums on rcceiver's bonds snd re:isonuble attorney ', feee . and then to t.he .ums
<br /> s�curec3 by zLie 3ior 'tgage. Le���ler ai:d the. receiver shall be liahle to aecount only for those rents tictuallv receiced.
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