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<br /> not extend or post.pone the due date oi thc rnontl�ly installrocnts re(erred to in psragrap)is 1 and '2 hereof or
<br /> change the amount of sucli instalitnents .
<br /> 10. Bozrower Not Released. Lxtensiai of the time for pa}•iuent, or modificat.ion of :a�nortization of the sums
<br /> secured by this ��fortgage granted b}r I..ender to any successor iu interesi of Borrower skial ] not operate to release,
<br /> in any manner, the liak�ility oi' the original Borrower und 13vrro�rer'a successors in interest. Lender shall not be
<br /> required to commence proceedings against �uc,h sucr,,essox or r�(use to extend time for payment or otherwise modify
<br /> � aTnortization of the sums secured by this \ Iortgage I�y reason vf nny demand made by the original Borrower and
<br /> Borro�ver's successore in interest.
<br /> 11. ; Forbearance by Lender Not a Waiver. 3ny forbearancc by Lender in exercising i�ny riglit or remedy
<br /> hereunder, or otlierrvise afforcied �y ap��licable lati�� , sl�all not be s waiver of or preelude the exercise of any right
<br /> �;; ur remedy l�ereunder. Tne i;rocuremenc oi insurai�ue or t-l�c I�aymeni oP taxes or other liens or cliarges by Lender
<br /> C.C: shall not be a �i�aiver of Lender's right to accelerate the maturity of tl�e indebtedness secured by this Mortgage.
<br /> �;: 12. Remedies Cumulative. All remedies provided in tlii� \lortgage are distinct ancl cuinulative to any other
<br /> {,r'` right or remedy under this \Iorigage or affm•derl hy Ia�t� m• e�quity�, :and ms�� bc ixercisecl conew•rently ; independ-
<br /> �,; entiy or successively. ,
<br /> ,,r:• 13: Successors aad Assigns Bound; Joint and Several Liability; Captions. The coc�ennnts and agreementE
<br /> herein contained shall bind, and t.he rights l�ereunder �l�all inum to, thc respective successors atnd assigns of Lender
<br /> � nnd I3orrowe;, su�ject to ihe provisions of paragru��h 1 i hu•eot. � Il covenants and sgrecnieuts of Borrower :hall
<br /> � be joint und se��eral . The captions and he,tding� of tlie p•a� sgraph� o' rhis \Iortgage arc ior com�enience only and
<br /> ; are not to be used to inierpret or define the j�rovisions hereoi.
<br /> I4. Nofice. Any nof,icr� to Borrotvcr tyro�•ided f"or iu this �tort�;agc �hali be gi��en by niailing such notice by
<br /> `� certifred inail addressed io I3orro�vez• wt� the Pr���erty .�1�1di•c�c state�i br.lo��� , escept for :ui�• not,ice required under � �
<br /> � paragraph 18 l�ereof to be gi��en io f3orro�s-er in the manner �iresca•ibed by zipplic.iblc la«� . � ny notice provided
<br /> ' for in this \�lortgage Shall l �e cleeined to lu��-o bcen gi��en to I3orro��•er �vLen ;;iven in the manner designated herein.
<br /> 15. Uniform Mortgage; Goveming Law; Sev�rability. 7'I�is torm of iuortgage combines uniform covenants
<br /> for nstional use and non -tmiform covenants �vitli limited variations by jurisdiction to constitute a uniform secu-
<br /> rity instrument covering real property. This \Iortgage shull k�e governed by tl�e la��• of the jurisdiction in which
<br /> the Froperty is tocated . In the event tl�at nny provision or clause of this 31m•tga�e or the Note conflicts witL
<br /> applicable ]aw, such con#lict shall not affect otl�er pro��isions of thi, \lortgage or the IVote which can be given
<br /> ; effect without tLe conRiciing provision, ar�d to tl�is end the provisions of the llortgage and the Note are declared
<br /> to be severable.
<br /> 16. Borrower's Copy. Borrower shall be furnislied .1 conformed copy of this \lortgage at the time of execu-
<br /> � tion or after recordation hereof.
<br /> 5 17. Transfer of the Property; Assumption. Ii all or an� part of the Property or an interest therein is sold
<br /> or transferred by Borrower �vithout Lender's prior �vrittcn consent , excluding (n ) the creation of a lien or encum-
<br /> brance su6ordinate to tl�is �Sortgage , ( 6 ) tkie crention of u puretiusc inoney security interest for I�ousehold appli-
<br /> j ances, (c) a transfer by devise, descent or by operation of la�r upon the death of a joint tenant or ( d ) t,he. grant of
<br /> any leasehold interest of three years or ]ess not containiug Zn option to purcl�ase, Lender �nay, at Lender's option,
<br /> � declare all the sums secured by this \Zortgage to bc immediatel�- due and payabie. Lendcr shall have waiived such
<br /> ; option to :�ccelerate ii, prior to tl�e sale or transfer, Lender and tl�e person to wliom the Property is #o Ue sold or
<br /> ; tr�nsferred reacl� agreement in �vriting tliat the credit of such � �erson i, satisfaictory to Lender und that the interest
<br /> paysble on the sums secured by ihis \Zortgage shall be at sucli rate as Le�ider sliall reciuesi. If I.ender l�as waived
<br /> = the option to acoelerate provided in this paragra�>]i 17 and it E3orro�sei's successor in interest iias executed a �vrit-
<br /> ten assumption agreement sccepted in �vriting b,y Lender, Lender sha11 release Borro���er fro�n all obligations under
<br /> this Mortga�e and the Note.
<br /> r If Lender exercises sucl� option to accelerate, Lender shall �nail T3orrower notice of acceleration in accordance
<br /> i with paragraph 14 hereof. Sucli notice shnll pro�•ide a period of not less than 30 d� ys from the date the notice is '
<br /> = mailed �vithin wl�ich Borrower may pt�}- the sum, dc�laced iluc. Ii 13orro�eer fiils co pay such sums prior to the
<br /> expiration of such period , Lender may, �citliout (urtl�cr notice or dem.aud on B'orro�ver, invoke any remedies per-
<br /> Y
<br /> mitted by paragraph 18 liereof.
<br /> �� Nox-LJxiFo�nz CovFxnxTs. Borro��ei• �i�icl Leiidei• f'urt.l�er co��enant and agi•ee as foilo�t�s :
<br /> i 18. Acceleration; Aemedies. I�xcept as pro��i�led in � �aragrn � �h 17 hereof, nl �on Borrower's breacl� of Any
<br /> t covenant or� agreen�ent of Borro«•er in tliis \torlg.igc , including tl �c covenants to pa}� �vhc:n duE: any �ums secured � �
<br /> by this 3fortgage, Lender prior to acce�leration sliall inail notice to 13orro�rer as �n•o�•ided in paragr:3pli 14 hereof
<br /> specifying : ( i ) tl�e brc�ch ; (2 ) tl�e artiou rcquir�� i tu rw�e : uch breuch ; i3i ;i datc , not Ics� t'I�an thirt,y clays � � � �
<br /> from the date the notice is mailed to Sorro�i-er, by ���hirh �ucli brea�cii uwst be ctued ; and ( 4 ) that faihu•e to cure � � � � �
<br /> ' such breach on or before the dxte specified iu thc notice iu;iy result in .tcceleration of the smn.� ;ecured by this
<br /> 1lortgage and sale of the Propertp. If tlie breacl� is not cured on or before the dute specified in tl�e nutice, Lenc�er
<br /> nt Lender's option may decdure ttll of t-he �wns secured liy tlii, A1oe•tgage t � be. imiuecjistely due and payable � � � �
<br /> without further demand and may foreclose this �4ortgage by ,iudicial ��roceeding. Lender sha11 be cntitled to collect
<br /> i' in such proceeding all expenses of foreclosui•e , inclu�ling, hut noc li�uited to, costa of docuu�entsry evidence,
<br /> abstracts and tit]e reports.
<br /> 19. $onower'a $ighi to Reinstate. Notn�ith.tanding I,endcr's :�cceleration of' the sum� secured by 'this
<br /> Mortg�ge, Borrower shall have the right to have �ny ��roceedings hegun bv Lender to enforce thiv �-Iortgage dis-
<br /> continued at any time prior to entry oi a judgment enforcin� this \lortgage if : I .� 1 Borro�rer pays I,ender all
<br /> sums which would be then due under this \Iortga�,e, tLe Note :Ln�l note� securinR I�ucurc Ad�•ancee, if anv, had no
<br /> aeceleration occurred ; ( b) $orrower cures a11 hrenet �c. of an.- uther covcnan2 , or ,a �;recments of Boirowcr con-
<br /> , tained in this Mort�a�e ; � c ) Borrower pflys all re.a�onahle esi�en�e� incnrri�cl hv L��nrler in i�nforring the co��enant �
<br /> and agreements of Borrower contained in this _\lortga�;e :Lnd i �a enforcing I.enc3ca•'s rernedies aLs provic3ed in pars-
<br /> graph 18 hereof, including, but not limited to, reasonah]e :ittorneg 's fee� : and � d ) BorroH�er t:�kes sucli �ciion as
<br /> Lender may reasonably require to a,sure t}aut the licn of thi� \Iortgagc , Lrnder's ir.terest in tlic Property :u�d
<br /> Borrower's obligation to pay tlie sums secured hy t.i�i.= \1ort�;a�e shall continue uninpaired . U��o�� such pati�ment
<br /> and cure by Borrower, this A4ortgage aiid tlie obligdtiom �ecured liei•eb}• �hcil] remai:i in f ull forcc anc{ cffect as if ,.";`�
<br /> no aceeleration had occurred. „
<br /> !A1 �°�"«�.f"
<br /> 20. Assigntn�nt of Rents; Appointment of Receiver; Lender in Possession. .�s .sdditional security here- �'. • } �
<br /> 9n=h
<br /> f under, Borrower hereby assigns to Len�3er tl�e rents of the Yroperty, �5i•o�•ided tfist IIorro�rer chnll , prior to acceler- � ,.,,�
<br /> L ation under paragraph 18 hereof or abandonrnent of the Property, have rhe rigltt to collec.t and retain suoh rents " "
<br /> as they become due and payabie. " �'§'%
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<br /> `� � � LTpon aeceleration vnder �aragrrz7�lz � t8 z}ereof er �i>sndo :icn ; o: :he Y:e�Ert., , :.cndcr, in l��cr�or, , b�� a�;cnL . � '�
<br /> or by audie;ally appoir�i �i re�eivvr Fnali h<� Pntitl�d to enter nn�n , t3ke p��s�e-�ion o � c;nd inanngc the :�'ro��crt5 .�,
<br /> and to collect the rents of the Property, including thosc: past due. .�II rents collected by Lender or the receivcn• ^�
<br /> ehall be spplied firs£ to payment of the costs of �nanx�;ement of ihe Proper6y and colleciian of rcnts, includin�, bui,
<br /> not limited to, receiver's fees, ��remiums on receivEr'� bond,< and reaisonxblc xitornev's fcee. :ind then ro t.he c�un.
<br /> ` secured by this Mortgage. Lender and the recei��er shall l�c liui,lc: to account only for ti� osc rent� :actual3y received .
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