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<br /> i�ot� �extend or post-pone ti�e due date � oi ihe �nonthly ins 't �illmcnts referred ti� in para�;rapl�s I and 2 hereoS or � � � �� �
<br /> change t:ie amount of such installments .
<br /> 10. Borrower Not Released. tixt.ension of t.he tiiue for pay�ue�it or moclification of a�norti�aCion of tlie sums
<br /> secured by this \�orEgage granteti b�• I.et�der to uny successoi• iii inierest oi Borrower shall not .operate to release,
<br /> in any u�anner, tl�e liabiiity of tl�e original 13orr�wer and 13orro�cer'.: �ucce�soi•s in interest. I,ender shall not be
<br /> required to commeuce ,proceedings against, �uch successor or refusc to extevd tirne for puyment or otherwise modify
<br /> ucnortizntion of the sunis secured by tl�is _liortgage b�� reaswi oF any detnand inade by Che originat Borro�ver and
<br /> f Borrower's successors in interest.
<br /> ` 1L Forbearance by Lender Not a Waivar. �ny forbearaz�ce by Lender in exercisin� an5� right or remedy '
<br /> hereunder, or otlierwise afforded by �pplicable la«• , �hall not be .i �vai:rer of or preclude the exercise of any right
<br /> � or remedy hereunder. Ttie ��rocurement of insurance or the ��aymenc nf taxes or other ]iens or charges by Lender
<br /> shall not be a waiver of Lender's rigl�i to acceler.iie tl�e muim�ity of ttie indebtedness secured by this Mortgage.
<br /> 12. Ramedies Cumulative. �11 reinedies pro��ideci in thi, \lortga�e are distinet and cumulative to any other
<br /> right or remedy under this \Iort.gnge or nffordc�l hy fa�c or equity , and msy be ekercised conr.urrently, independ-
<br /> ' � ently or successively:
<br /> 13. Successors and AssiSins Bound; loust and Several Liability; Captions. The covenamts and agreements
<br /> herein contained shall bind , and tl�e righis Lereunder shall inw•e to, thc respectivc successors aud assigns of Lender
<br /> and $orrower, subject to the provision, ot paragr.tpli 17 hereof: All covenants und agrecti�ents of Borrower shall
<br /> be joint and set-eral . 'I'he ctiption. and 6esdings of tlie paragra� il�s oi this \ Iortguge are for canvenience only and
<br /> �—� are not to be used to interpret or define the �uovisions hereof. � � �
<br /> C;rj 14. Notice. Any notice ta Borro�rer pro��ideci for in t6ic \ lortgage shall he gi�•en by ni:tiling such notice Uy
<br /> f ; `� certified ii�ail addressed to Borro�+•er at the Yropert}� :� ddir �� stateil bclo��• , except for any notice required under
<br /> � paragraph 18 hereof to be �ive�i to Bm•ro���er in � tha � uanner � �rescribed by ap��licable lu�v. Any notice provided
<br /> � for in this �fortgage ::h:�ll bc dee�ned to have been �;i�•en ta Fiorro��•er �� l�en given in thc manner designated herein .
<br /> � � 15. Uniform Mortgage; Governing Law; Severability. '1']iis form of �iiortguge co�nbines uniform covenants
<br /> for national use and non-uniform covenants wiCh limiteci variations by jurisdietion to constitute a uniform secu-
<br /> ; �' rity instrument covering real property. This lTortgage shull bc �overned by the lan� of thc jurisdiction in which
<br /> ` the Property is located. In the event that any provision or clnuse of tl�is �1ort{;age or the ATote conf3icts with
<br /> i � applicable law, such conflict s]�all not tiffect� otl�er provisions oi tliis \Zortgage or tl�e I�Tote �vhich ca�n be given �
<br /> effect without the conAicting provicion, and to this end the pro��isions of khe \lortgage and the Note are declared
<br /> to be severable.
<br /> 16. Borzower's Copy. I3orrower sha,11 be furni,hed a conforn�ed copy of this \lortgnge at thc time of execu-
<br /> tion or after recordatimi l�ereof.
<br /> 17. Transfer of the Property; Assumption. If :� ll or any part of the Properiy or uri interes� ti;e:ei;, i� so2d
<br /> or transferred by Borrower without Lender's prior �vritten consent, excluding (a ) the ci•eation oF a lien or encum-
<br /> ; brance subordinate to this �4ortgage, ( b) the creatio�i of e� purci�ase �none�� security interest for ]�ousehold appli- � � �
<br /> 1 ances, { c) a transfer by devise, descent ur by operation of la��� upon the death of a joint tenan 't or (d ) the, grant of
<br /> any leusehold interest of three years or 1<:ss not containing aii optimi io I�urc3iase , I.ender may, at Lender's option ,
<br /> declare all the sums secured by this lfortgage w bc i�uii�ediatcly due a�ncl p;�yable. Leiider sfiall have waived sucl�
<br /> ' option to accelerate if, prior to the sale or tri�usfer, Lender and tlic person to whom the Property is to be soId or
<br /> � � transferred i-each agreement in writing that� tLe crediU of such � �e�:;on is sr�tisfx�ctory to Lender and t�hat the interest �
<br /> ! payable on the sums secumd by this llortgage sliali be at sucl� ratc as I.ender shall request. If Lender has waived
<br /> :i the pption to �ccelerate provi3ed in this ��aragraph 17 a��rl it Borrower's successor in in 'terest I�as c�ecuted s writ-
<br /> ten assumption agreement nccepted in �vri 't,ing by Lender; I�ender shall rclease Borrower frmn all obligations under
<br /> y ' � this b4ortgage and the Note. � � � �
<br /> � i If Lender exercises such option to accelerate, Lender shall mail Borrower notice of accelerution in accordance
<br /> �vitli paragrsph 14 hereof. �ucl� notice �liall pro�•ide u period of uot lc s tLan 30 days from tlre date the notice is
<br /> mailed within which Borrower �nay pa}� the sums cleclared ciue. ll' Borro���er fails to pay such nums prior to the
<br /> expiration of such period , Lender mt�y , �cithout Surther notice or de�uand on 13'orrower, invoke a�ny remedies per-
<br /> mitted by paragraph 18 liereof.
<br /> �'ox-LJxTFottnz Cov�xnaTS. liocro���er :�nd Lender i'urt,l�cr covenant and ag•ree ati f'oilows :
<br /> � 18. Acceleration; Remedies. Excc��t as proride� l in � ,:iragr:i� �h 17 liereof, upon 13oi•ro�ver's breticli of any
<br /> covenant or agreement oS Bori•ow•ei• in thi,s 11ort�s�c, inclu�ling tLe c�oven.�rits to pa�� ���hen due any sums secured � � � �
<br /> by this :1lortgage, I.endcr �u•ior [ o aiccelerutiou �liall � nail uoticc tu Borro���er a• � n�o��idcd in paragrt�l>h 14 hereof � � �
<br /> specifying : ( I ) the bre�ach ; (2 ) tl�e action rcquircd to ctire �uch l�reacii ; t31 a date, not lcss tlian thirt�� days � � � ��
<br /> from tlie date the notice is �uailed to ]3orro�rer , Ir�� n hicli �ucli bre:�ch iuu�t be curcd ; anci (4 ) thut failw•c Y.o cure � �� � �
<br /> such I�reach on or before the date specified in il�e ncitice may rcwult in :�ecc:lerstion of the sutnr secured by this
<br /> :�Iprtgage and sale of the� Propert,y. If the� breacli is not cured on or before tl�e daie s�eoified in the notice , Lender � � � �
<br /> at Lender's option may declare sll of thc suin� secured b}� thi� 1Tortgxge to be itnmediatcl,y dtie and payable
<br /> ; without further demand and may foreclose. tliis \1ort�;a�;u by judicial proceeding. Lender shal ! be eutitled to collect.
<br /> � in sur,h proceeding all expenses of foreclosurc , including , hut not li�nited to , cost: of �.locumenta�y evidence , � � �
<br /> abstracts and title reports.
<br /> 19. Boaowez's Right to Reinstate. Not«•ith�tanding I.endcr's accclerstion of the swi�s secured by this '
<br /> Mortgage, Borrower shall have tl�e right to have an�• �iroceedinRs hegun bp Lendcr to cnforce this �lortgage dis-
<br /> co.itinued a 't any time prior to entry of a jud�ment cnfo�cing this �lortgage if : iai Borro�+-er F�ays I.ender all
<br /> sums which would be then due under this \Iortgagc , tlic A`ote imi notc � securing �uturc Advancc� , if an� , had �o
<br /> acceleration occurred ; (b ) Borrowcr cui•c: �I] l�reaulu. oi <�u� othcr < o�'enant� or � �;reements of F3orrower con-
<br /> Lained in thia Mort�age : (el Rorrocver n:tiy� all r•easc�n � hle iz�,� n, i < inc,�rred },� T er.�?rr ; n ��nforcii:b thr m< <..:..t� � �
<br /> and agreements of Borrower contained in this \IorthaRe .ind in �nforcin�; Lc�nrlerr'. re�uedie, a. provided in t�s�ra-
<br /> graph 18 hereof, including, but not limited to, reacoriable atturney '� iees ; and � d ) ]3orrower takes ,uch :�ction us
<br /> Lender may reasonablY require to ussure that the lien oC tliis � inrtgage , I.rnder'. inicrest in tl�c Yroperty :xnd
<br /> Borrower's obligation to pay the svms secured b}� this �IortRa�e shall continu� imirn��aiire�l . L7�,on sucli payinent
<br /> and cure by Borrower, this DZortgsge and the obligation. ;ecured hereU�• sl�ull remain in full fmr,c and effect. as if �� ' ' ";,
<br /> no acceleration had occurred. ``%• .
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<br /> � 20. Assigsimeat of Reats; Appoiatment of Receiver; Lender in Possession. .�1s additional security hese- ti • ��'s�'
<br /> nnder, Borrower herebyaseigns to Lender the rents of the Propert�•, procided that t3orro���er shall , p.ior to scceler- "� ?
<br /> ation under para�raph 18 hereof or abandonment of the 1'ropert.y, have the i•ight fo collect aud retain sucli rents ' �
<br /> as they become due and payable. "'"'"
<br /> r?po.^, 3cceleratioa under parsgrapl; I3 hc:co; �r �t;:�i�docici,�ui u; tLe Piu���riy . Leuuer, iii � �er��ri . by a��nt
<br /> �r hy judicialiy �p�oir_ted recei��er sha:l t�c cnY�lcc� to cntcr upon , tal.e {�o�sc�:..ou �f und i,ia�,.iKe tlw I'r��,ai•ty ` , � ' �
<br /> and to. collect the rents of tlle Prpperty, ittcludin�; ihose past due. All rents collected by Lender or the receiver �_ -
<br /> shall be applied first to payinenL of the costs of management of tl�e Yroperty �nd collection of rents, including, but
<br /> not limited to, receiver's fees. premiums on receiver'. hon�l. :3n�i rrRc�n �ihlP srifornNv 'c fr�N� . an�{ }}�f•n t� the sum�
<br /> � seeured by this Mortgage. Lender and the receiver sliall 1>e liable to acc�unt only for those rents actuallc recei��ed .
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