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<br /> not estend or postpone t:he due date oi tl�e monthh- inst :illment� referred to in paragrapiis 1 and 2 hereof or
<br /> change tl�e amount of sucli installments.
<br /> 10. Borrower Not Released. Extension of thc tiine for p:�yrnent or modificat,ion of smortization of the sums
<br /> secured t�y this Mortgage granted by I..ender to any s�iccessa• iv interesi. of Borrower shall not operate to release,
<br /> in any inani;er, tl�e liability of tl�e origival Borro�ver and 13orro�i-er's successors in inierest. I.ender shall not be
<br /> required to commence proceedings against sucl� successor oi• refuse to extend t.ime for pa,yinent or otherwise modify
<br /> amortizatiou of the sums secured by this \Iortgage by rcasou oS sny demand made by the original Sorrower and
<br /> Borrower's suecessors in interest.
<br /> 11 . Forbearance by Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy
<br /> hereunder, or otl�erwise sfforded by applicable la�v , shal] not be a waiver of or preclude the exercise of any right
<br /> or retnedy hereur.der. Ttie procurement of insurance or the payuient of ta,xes or other liens or charges by Lender
<br /> shall not be a waiver of Lender's right to accelerate t.he maturit,y ot the indebtedness secured by this Mortgage.
<br /> , , � 12. Remedies CumulaGve. All reTnedies provided i�i tl�is \fortgage are distinet and cumulative to any other
<br /> � rigni or remedq under this \Tortgage or nfforded hy la«� or equit.y , anc9 msy bc exercised concurrently; independ-
<br /> ently or suceessively.
<br /> 13. Successors and Fissigns Bound; Joint and ueveral Liability; Captions. The covenants and agreements
<br /> herein contained shall bind , and the rights hereunder �liall inure to , the respective successors and assigns of Lender
<br /> and Borrower, subjectto the provisionsof paragrapli 17 l;ereof. � 11 rovenants and agreements of Borrower shall
<br /> be joint and several. The captions a�nd hcadings of the paragra��hs of this \ Iortgugc are for convenience only and
<br /> are not tobe used to inier�ret oi• define tl�e provisions liert�of.
<br /> 14. Notice. Any nutice to Borro���er pro�•ided fm• in tdii� \lortgage sl�all be �;i��en by inailing such notice by
<br /> certified tuail uddressed to Borrower :st the Protierfy Addresa sfuted bcion• , except. for any nobice required under
<br /> paragrnph 18 l�ereof to Ue given to Borro���er in tlic �nanncr � �rescribed by ;applicable laK� . Any notice provided
<br /> for in this �4ortgage ehall be deeroed to havu been gi��en to I3orron�er �vhen given in thc mssnner designated herein.
<br /> 15. Uniform Mortgage; Governing Law; Sevezability. '1'hi4 Sorm of rnortgage combines uniform covenants
<br /> for national use and non-uniform covenants with liiniteci ��ariaiions by jurisdiction to constitute a uniform secu-
<br /> � rity instrument covering real property. Tl�is \Iortgage shall 1>e governed by t.he la�v of the jurisdiction in which
<br /> the Property is located. In tlie event that any provision or clause of this 1lortgage or the Note conflicts with i
<br /> � applicable lativ, such conflict shall nof, affect other provisions of this �Iortgage or the Note which can Ue given
<br /> effect witl�out the conflicting provision , and to this end the provisions of the \lortgsge and the Note are declared `
<br /> 41 to be severahle.
<br /> O 16. Borrowez's Copy. Borro�ver shall be furnisiied a conformed copy of this Dfortgage at the time of execu-
<br /> � tion or after recordation hereof.
<br /> � i7. Transfer of the Property; Assump�ion. if a:1 or any pa:t ef the Property or an interest therein is sold
<br /> ' � or transferred by Borrower without Lender's prior written conseni , excluding ( a ) the ci•eation of a lien or encum-
<br /> ' � brance subordinate to this 1-1ort�age, ( b ) tl�e creation of a purchasc iizoney securiCy interest for household appli-
<br /> ances, ( c) a transier by devise, descent or by operution of la�c upon the deatdz of a joint tenant or (d ) tl�e. grant of
<br /> any leasehold interest of three years or less not containing �tu option to purcliase , Lender inay, at Lender's option,
<br /> declare all the sums secured Uy this Mortgage to bc immedi:itely due aiid payal�le. Lender shall liave waived such
<br /> option to accelerate if, prior to the sale or transter, Lender nnd tl�e person t,o whom t)ie Yroperty is to be sold or
<br /> transferred reach agreement in �vriting tl�at the credit of such 7�erson is satisfactory to Lender and that the interest
<br /> paysble on the sums sec.ured by this Alortgage sliull be at sucli rate as Lender shall reques 't . If Lender has waived
<br /> ° the option to accelerate provided in this paragrapli 17 and if Borrower's successor in int.erest l�as executed a writ-
<br /> ten assumption agreemeut accepted in �vriting by Lender, I.ender shall release Borrower from ull obligations under
<br /> � this Mortgage and tlie Note.
<br /> If Lender exercises such option to accelerate, Lender sha�ll :nail I3orrower notice of scceleration in accordsnce
<br /> ���ith paragraph 14 hereof. Sucl� notice sh:�ll providc a period oS not less tl�un 30 days from the date the notice is
<br /> mailed within w�hicli Borrower �nay pay the smn� derlared dui. If L� orro�ver fails to pssy �ucti sums prior to the
<br /> � expiration of such period, Lender may , without further notic�� or c�emand on 33orrower, invoke any remedies per-
<br /> mitted by paragraph 18 hereof.
<br /> ' ?�'ox-Z? xirox.az CovExnrTs. I3oi•i•o�ve �• �iid I.ender fui�tLer covenaiit aud a;�ree as follo���s :
<br /> 18. Aceeleration; Remedies. Eacept as pro�• ide� l in p�ir� grupL 17 l �ereof , U��on Borrower's breach oi t�m�
<br /> covenant or agreement of Borro�i•er in tliis �1oi•tgrtgc , induding tl �c covenants to � iiy �+�hen dur. �tny sutns secured
<br /> by tl�is 1lortgage, Lender prior to acccler.ition sLall n�nil notice ta Borro�cer us ��ro�'ided in ��aragrupli 14 hereoS
<br /> specifying : ( 1 ) the breach ; ( 2) t6e action requiretl to cura �ucli breach ; 13 ) a date, not less tl�an tl7irt.y duys
<br /> from the date the notice ie mniled to 13orro�ccr , b�� ���l � ich �ucii brec�rh nnist I.�c curecl ; �and 14 ) tl�at tailuse to cure � � �
<br /> auch breach on or Uefore tl�e date specified in the notice may result in acceleration ot t6e sums securec9 by this
<br /> Mortgage and sale of Ct�2 Pi•operty. IT the brc•ach is not ciu•r�{ oi: or before. tl�c date specified in tlie notice, Lender
<br /> � at Lender's option ma�� declare all of tl�e sums securcd by � hi. �4ortgagc to be immediately due and payable
<br /> � without further demai�d and ma,v foreclose tl� is \lortgn�e by judicial procecding. Lci��er shaill bc entitled to collect � �
<br /> in such proceeding :�ll e�penscs of forecle�urc , incluitin�, but not ] imited to, costs ot docwnentary evidence,
<br /> abstracts and title reports.
<br /> 19. Bonoweis Right to Reinstate. 1ot«•ithstanding T.endei'� acceleration of the smns secured by this
<br /> Mortgage, Borrower shall have the right to hsve an}� ��roceedings begun bv l.endcr to enforce this �fortgage dis-
<br /> continued at �sny time prior to entry of a judgment cnfo�-cin�; thia �Iortga�e if : ( .al Borro�ccr �>ays Lender all
<br /> sums which would be then due under this \ lortgage, thc Note and notes securing F'uture Advances, ii any, had no
<br /> � acceleration occurred ; ( b ) Borrower cur� : all brcache; of a�i�• othei- covcn �nt� or a�,rceinents of Borrower con-
<br /> tained in this ,".Sortgage ; (c) Borrower pavs all reasonable c�pen�e� uicurred ht i en�ler m cniorcing the cai�enantv �
<br /> , ° and s�reements of Borrower contained in this \Iortg:i�;e snd � n enfm•cin� Lcn� i� r � ruuedies x� ��rovideu :n prira-
<br /> graph 18 hereof, including, bUt not limited to , reaic�nable at,tm•ne�• 's iee� ; ai�d + dl Borrower takes such action as
<br /> Lender may reasonably require to assure that the lien of thi� \lortgage . Lendcr5 interesr in che Properiy and
<br /> Borrower'e ob3igation to pay t,he snms secured hy this :�4oitgage �l�all continue imirripaired . l�pon auch px��ment '
<br /> and cureby Borrower, this Vlort.gage and the obli�stione _eoured hereby shsll remain in full forcc and efl'ect as if „�� ,,, , � . ,
<br /> no acceleration had occurred. '
<br /> 20. Assignment of Reats; Appeintment o! Receiver; Lender in Possession. .�s udditianal securit�• here- � +� � `"
<br /> � under, Borrower hereby assign5to Lender t.lie rents of the Propert �• , provided that Borro«•er shalt , prior to acceler- "
<br /> ationunder paragraph 18 hereof or abnndonment of the Property , ]iavc tl�e right to collect and retai�i such rents � . ;
<br /> as they become due and Payable. �'`
<br /> Upon acceleration under paragraph 18 hereof or sbssndontnent of ttie Yropert�- , Lender . in iier�on , by agent
<br /> � Q' �Y Jt:diciallY RPpointe!i recoive� <hxl) hr entiUF� to ��nter u��on . zake xio� �e��ion oi :ind xnanaee the Yroncrt.y
<br />� � ancl t.� eollrrt �t�}ie rent� of the Pr�nert.y, � inr,luc9i:ig those �r,�st due. �111 rent� aollected hy T,ender or t�he i•ecei��er „-
<br /> shall be applied first to payment ot the costs of management of the Property and collection of rents, including, hut
<br /> not limited to, receiver's fees, ��remiums on receiver's bonds and retisonable xttarney � fees . and then to the sutns
<br /> � seeured by this :�'lortgage: Lender and the receiver rhali l�r linhle to account onl}� for thosc i•ents actually recei�•ed .
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