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<br /> not extend or post.pone tlie due date ui t3�e montl� ly in�tallmentti refermd to in paragraphs 1 and 2 hereof or
<br /> chnnge tl�e amount of such installments
<br /> 10. Borrower Nof Released. l:xtension of thc time for pn}nneiTt or modification of amortizat.ion af the sums
<br /> secured by this ��ort�age grantecl b�� I.endeP to any successor in inieirst of Bon•o�ver shail not opertite to release,
<br /> in �ny inanneT; the liabiii#y of the original I3orro�i�er and 13orro�rer:s successors in interest. Lender shali not be
<br /> required to commence �iroceedings aguinst such successor �r i•efuse ia extend time fol• payment or otheTwise modify
<br /> arnortization of the surus secured Uy tlii� � Iortgage l�y ret�sou of any demand made by the original }3orrower and `
<br /> Borrower's successors in interest. �
<br /> 3 11. Forbearance by Lender,Not a Waiver. Any forbearance Uy J.ender in exercising any right or remedy
<br /> hereunder, or otherwise afforded by applicablc la«�, cliall riot be a waiver ot or preclude the exercise of any righti
<br /> ' or remedy hereunder. Tl�e procurement of insurance or the payment of taxes or other liens or charges by Lender
<br /> j ` shall not be a waiver of Lender's right. to accelerate the maturity of tlie indebtedness secured by this iVIortgage.
<br /> � � 12., Hemedies Cumulative. ?. 11 remediesprovided in this \ fortgage z�re distinct and cumulative to any other
<br /> � �� righti or remedyunder bhis llortgage or afforded 1>y la��� oi• equity, and inay be eaercised concurrently, independ-
<br /> � i �:'" ently or successively:
<br /> ; � 13r Successors and Assigns Bound; Ta�t and Sev¢ral I.iabiGty: Captions. Tkie covenants and agreements
<br /> ,l� �:,: herein eontained shall bind , and the rights I �ereunder sl�nll int� re to , thc respective successors and assigns of Lender
<br /> ; ,,;, ' and Borrower, subject to tlie provisions ot paragraph 17 hereof. _111 cov�nants nnd :Lgreements oT Borrower shall
<br /> i be; joint anci se�-eral , The captions and lieadings of t.lie �iaragraphs o( 'thic \lortgage arc for convenience only and
<br /> � are not to be used to interp:•et or define tlie provisions liereof.
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<br /> y � J�, 14. ` Notice. Any notice to Borrower provided for in thic \lortgage ch.ill be given by inailing such notice by
<br /> � certified ai�ail addressed to Borrower ut tl�e Yroperty Address st�iked below , except for uny notice required under
<br /> � paragraph 18 hereof to bc given to Borroc�'er in the ro:�nncr prescribed by np� �lic:�ble Iuw. Any notice provided
<br /> • � forin this �Iortgageshall be deemed to have been given to Borron�er when gi�•en in the manner designuted l�eiein.
<br /> " 15. Uniform Mortgage; Governing Law; Severability. '['l�is form of mortgage ewnbines uniform covenants '
<br /> � for national use and non-uniform covenants witl� limited variations by jurisdiction to constitute a uniform secu-
<br /> , ± rity instrument covering renl property. This \fortgagc shall be governed by the law of the jurisdiction in which
<br /> � the Property is ]ocated . In the eve��t tliat nny provision or clause of this \Zort.gage or tl�e Note conflicts with
<br /> j applicable law, such conflict shall not t�ffect otl�er provisions of this \lortgage or t.he Note which crsn be given
<br /> ; effect without the conflicting pro��ision, snd to this end tl�e provisions of tUe �Iortgabe and the Note are declared
<br /> � to be severable.
<br /> ! 16. Bozrower"s Copy. I3orrower sha,ll be furnished a conformed copy of this �4ortgagc at the time of execu-
<br /> a tion or after recordation hereoL
<br /> ; 17. Transfer of the Property; Assumption. If all or any part of the Property or an interesb therein is sold
<br /> or transferred by Borrower �vithout Lender 's prior �vritten consent , excluding (a ) the creation of a lien or encum-
<br /> � brance subordinate to this 14ortgage, ( b) thc creation of a purchase :noney security interest for liousehold app]i-
<br /> � ances, (c) a transfer by devise, descent or by oper:�tion of ].1\C U[1071 the death of a joint tenant or (d ) the grant of
<br /> '? any leasehold interest of three years or less not cont:�ining an option to purcliase, Lender may; at Lender's option ,
<br /> ¢ declare all the swns secured by this A4ortgage to bc iiuu�ediately ciuc and payable. Lender sl�atl have waived such
<br /> � option to accelerate if, prior to the sale or t.ransier, Lender snd the person to whom the Property is to be sold or
<br /> transferred reach agreement in «�riting t.hat the credit of sucl� lierson is satisfactory to Lender and that the interest
<br /> ' payable on the sums seeured by this �lortgage st�sll Ue at such rate as Lender shall request. If Lender has waived
<br /> � the option to accelerate provided in this paragruph 17 and if �orrower's- �uccessor in interest has executed a writ-
<br /> � ten assumption agreement accepted in �vriting by Lender, Lender shall release Borro�vei from all obligations under
<br /> k this Mortgage and the Note.
<br /> y If Lender exercises such option to sccelerate, Lender shall �i�aii ]3orrower notice of acceleration in accordance
<br /> ; tivith paragraph 14 hereof. Such notice s6a11 providc ss period of not less than 30 cl.�ys from the date the notice is
<br /> i ' mailed within which Borrower may ptty the surns declured due. Ii I3orro�cer fails to pay such sums prior to the
<br /> r �� �
<br /> 9 expiration of such period, Lender m.�y, �vithout further notice or ciemancl on B'orrower, invoke anr remedies per-
<br /> mitted by paragraph 18 l�ereof.
<br /> " i
<br /> �, � � . , i�rON-tTP7iFOR�114 �iOVFNA:dT5. HOl'7'O\YC1' 2171(� LP.II(�Cl' ��il ]'tI1C1' COVCIliATlt BIIC� iit'1'CC 23.8 f01�0\Vti : �.
<br /> r 18. Acceleration; Remedies. Except ats pro��iclecl in ��sarugrn � >h 17 hereoi, upon I3orro�ver's breach of any
<br /> r ` covenant or: agreement of Borro�vei m tl�is _lfm•t�a�c, including tlic covenants to p.ay �rhen due an�� sums �ecured
<br /> ; by tl�is JTortgage; Lender � �rior to acceler.ition sliall in:iil no[ ice to Boiro��•cr a� �n•ovic9ed in paragrapl� 14 I�ereof �
<br /> specifying : ( 11 the breach ; f2 ) the art.ion rcc�uucd to ctnr. ;uch 6reacl� ; �3 ) a dztc , no� Icss than thirty days
<br /> �P � from the date the not�iee is mailecl to 13orro�a�r,r, l �y t��hich <�icl � breiuli urust be cured ; � and ( 41 that faifw•c to cure � � � � �
<br /> . "�i such breach on or before the date specified in tl�e notice �uuy result in ucceleration of tl�e surns secured by this
<br /> �Iort,gage and sale of the Property. IF the breach is not cured or: or I.�efore the date specified in tlie notice, Lender
<br /> r ; � at T,ender's option may declare all of tk�c smn� secured by this 34ortgage to be immEdiately due and payable � � �
<br /> °, without further demand anci mny foreclosc this \iortgaige by judiciul proceei9ing. Lender shall be entitied to collect
<br /> in such proceeding all espenses of forectosure , including , hut not. limitcd to , costs of documentary evidence,
<br /> abstracts and titJe reports.
<br /> ` 19. Soaowei s Right to Reinstate. lotwithstandi��g I.endei's iteceleration of the ,ums secured by this
<br /> j Mortgage, Borrower shall have the right to have any proceedin�;. 1>egun t>y Lender to enforce this �lortgage dis-
<br /> continued at any time prior to entry of a judgment enforcing this �iortgnge if : ( u ) Borrower pays I.ender all
<br /> } sums which would be then due under this \ioitguge, thc �Tote and not.es securing Future Ad�•nnces, if any , hud no
<br /> acceleration occurred ; ( b ) Borrower cures all breacl�e� of an�� oi}�er co�•rnants or agree�nentn of Borrower con-
<br /> tained in this Mortgage ; (cl Borrower pssys all reason.�ble ex�x n es incurred h�� 1 endcr in enforcing the covenants
<br /> and aareeznents of Borro���cr cor.taincd in tt:is \Iortratic and i .i c :tfcrcin�; I.ruci,, r's remedie; s; !�,-oc:ded in para-
<br /> z graph 18 hereof, inciuding, hut not limited to, rea�onable .ittoincy 's tee� : .�nd id ) Iiorrower tukes such action as
<br /> Lender may reasonably require to assure that t.he lien oS thi� 1lortgage, Lender"s irterest in the Property nnd
<br /> Borrower's obligation tio ��ay the sums securecl by this \Iortgaqe ,>lrall continu<� iminipuired . L7f��n such payment i
<br /> and cure by Borrower, this Mortgsge and the oblifiation: secured heri�b}- �hall reniain in fnll forre snd e.ffect us if ;��- � :� '
<br /> - � no acceleration had occurred. . - _
<br /> � 20. Assignmeat of Rents; ' Appointmeat of Receiver, Lender in Possession. As additional security here- � °"` �
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<br /> under, Borrower hereby assigne to Lender the renbc of the Property; nnovided t13nv Borroc�•er shall , ��rior to acceler- I � r
<br /> ,
<br /> ation under paragraph 18 hereof or abnndonment of the Property, have the right to collect and retain such rents J " �i
<br /> ', as they become due and paysble. ; � . „
<br /> ' Upon acceleration under paragrapl� 1$ hereaf or abssndomnent of thc Yroperty, Lender, in person , by agent
<br />,�w ur by juaieially appuinied. reeeiver si�all be eutitieci to enter upon ; uiice posses�ion ot und managc the Yropert,y
<br />�� am3 to callect {,he rentc of- Lhe I�rciE>arty,: ineludiii�,, t]iu�e pasi due. �111 rents cc�lt�rt:ed by Lcncl�r or ilae rec�:i��ec �= ��
<br /> sia;i u� ng��,iieci nrfs 'v io payment oi ine costs ot management of the Property and collection of rent" includin�, but �
<br /> not limited to, receiver's fees, premiums on receiver's bonds and reasonnble attorney's fc e� . �nd then to the swnc
<br /> �e�nred hy fhiR M�rtgage: Lander and the receiver shnll f.e linh?c io ner. o�int oniti� for tho�c rents; a�tuall}- rneci�-cd . �
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