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<br /> noE extend or postpone the due <late oi" the monthlv inst:� llnirnts rE:ferred to in paragraphs 1 and '2 hereof or
<br /> cliai�ge the'ainount of such `installments.
<br /> ' 10. Borrower Not Released. 1:xtension of tlie time for payntent or modification of amortization of the sums
<br /> sedured by; this -lVIort�age granted Uy Letlder to any sL:ccessor in interest of Borrower sha21 not .oj�ernte to release,
<br /> in any manner, the liability of tlie original 13orro�ser and i3orroticei•; successors iu interest. Lender shall not be
<br /> required to commence proceedings against sucli successor or i•efuse to extend time for payment oratlierwise rnodify '
<br /> amortization of the sutns secured by tl�is \fortgage by a•eason oY an,y demund inade bp the original Borrower and
<br /> � Borrower's successors in interest.
<br /> 4 �„ il. Forbearance by Lender Not a Waivea Any forbearance by Lender in exercising any right or remedy
<br /> ' � hereunder; or other�vise afforded by ap�ilicable la�v, shall not be n �vaiver of or preclude the exereise nf any right
<br /> 3 (� , or Femedy hereunder. The procurement af insuzance or ti�e l�ayment of taxes or other liens or charges by Lender
<br /> � shRll not be u wa,iver of Lender's l•ight to accelerate the maturity of the indebtecinesa secured by this il2ortgage:
<br /> ' ; Q , ' ' 12. R�medies Cumulative. All remedies provided in tl�is \-fortgage are distinct and ctimulative to any other
<br /> � ; � ri�ht or remedy under thi� .lIortgage or afforded by In��• ca• equicy, and in;ay be exercised concurrently, independ-
<br /> � � ` ently' or successively. "
<br /> � �, 13. Successors �d Assigns Bouad; Joint; and Several Liability; Captioas. Tl�e covenants snd agreements
<br /> 11 herein contained shall binci, and the rights hereun�ler shsll inure to, t,lic re,pective successors .tnd assigns of Lender
<br /> � �nd Borrower, suUject to f.he pruvisions of pai•agrupl� 17 l�ereof: All covenai�ts and agreements ot Borrower shull 4
<br /> >j be jolnt and several: The captions and ]�eadin�s oi the paragr3phs of tl�is \Iortqagc are for convenience only and
<br /> , ^ are nobto be used to inierprei or define tlic ��rovisions liereof.
<br /> ti; , 14. Notice. Any notice io I3orro�Yer ��rc�viclec! for iF� thi;. ltortgage sl�all t�e gi�•en by u�ailing sucFz aotiee b}�
<br /> � certified uiaiL addressed to 33orrower eit ihe Properc,y Adciress statect liela«• , excel�t, for any notice required under
<br /> � paragraph 18 liereof to bc �;iven to Borrower in tl�e manner �n•escribed by applicublc law. Any notice provided
<br /> � for in this \Iortgage shall k>c deemed xo I�ave. been given to Borro«•cr when given in the manner designated herein .
<br /> ;� 35. Uniform Mortgage; Governing Law; Severability. This form oP �nortgagc combines uniform covenants
<br /> 1} fornational use and nod-uniform covenants witl� limited variations by jurisdiction to constitute a uniform secu- ;
<br /> rity instrument covering real �iroperty. This �lortgage sh�ll be gpverned by tl�e law of the jurisdiction in which
<br /> � the Property is located. In the event tlint any provision oi• cla,use of tl� is \4ortg�ge or the Note conflicts �vitYi
<br /> applicable la�v, such confiict sliall not affect other provisions of f,liis \Tortgage a• the Note which can be given
<br /> effect without tUe conflicting provision, and to fhis end the �>rovisions of the �lortgage and t.he Note are declared s
<br /> � to be severable.
<br /> �, 16. Borrowei s Copy. Borro�ver sltall !�c furnished a conformed copy of this 14ortgage at tlie time of execu- !
<br /> tion or after recordation hereof. ', ;;.;
<br /> 17. Transfer of the Property; Assumption. If all or any part o[ the Property or an interest therein is sold
<br /> � or transferred by Borrower without Lender's prior written consent , excluding (a) t.he creation of a lien or encum-
<br /> ; brance subordinate to this \Lort�age, ( Uj the creation oF a� purctiase money security interest for household appli-
<br /> j ances, (c) a transfer by devise, descent or b,y operation oi la�c upon the death of a joint tenant or ( d ) the. grant of
<br /> ; any Jeasehold interest of three years or iess not containing an option to purchuse , Lender inay, at Lender's option,
<br /> ; declare all the suins secured by tliis blortgage to Ue im�uedistel}• due anc! payable. Lender sl�all have cvaived such
<br /> a option to accelerate if, �irior to t.l�e sale or transfer, I.ender seid the person to �vhom tlie Property is to be soid or
<br /> i Gransferred reach agreement in writ.ing tl�ntt.he credit of such peison is saiisfactory to Lender and that the interest
<br /> r payable on the sunis secured by this Slortgzge sh�sll bc at sucfi rate as Lender shall request. IF Lender has waived
<br /> � the option to accelerate provi3ed in this i�aragruph 17 and if Borro�ver's successor in interect has executed a �vrit-
<br /> ; ten assumption, agreement accepted in �vriting by I,ender, Lendei• shall release Borrower from all obligations undea•
<br /> } this Mortgage and the �Tote.
<br /> � If Lender exercises sucli option to accelerate, Lender sfiall �nail 13urrower uotice of acceleration in accordance �
<br /> • �vitli paragrapfi 14 hereof. Such notice sHall providc a period of not less tLan 30 ciays from tlic datc tl�e notice is `
<br /> i mailed within which Borrower may pay the sums declured due. li Borrower fails to pay sucl� sums prior to the i
<br /> � expiration of suc�i period, Lender iva,y, ���itiiout fuither noticc or demand on B�orromer, invoke any remedies per- f
<br /> S mitted by paragraph 18 hereof.
<br /> §
<br /> j \T�x-UxiFotaM Cov�; xn:. Ts. Barro�ver and Lender furtlier covenaut und ar;ree as follo�cs :
<br /> R18. Aeceleration: Remedies. Eacept as provided in � �arugr:�I�h 17 hereof, upon l3orrower'� breach of any
<br /> ' covenant or agreement of Borro«•er in t1�is tiim•tgagc, inclndi �g tLc co��enants to pay ���hen due any sur.�s secUrecl
<br /> i tiy tttis 1lortgage, Lendcr I�rior to �cccleration sl� sl ] �neiif notice tq I3a•ro���ci• ac pi•ovided in ��ai•agruph 14 l�ereof
<br /> f specifying : ( 1 ) the breach ; ( 21 the action reciuired to cure sucll 1 >reach ; 13 ) a �iatc, not less than thirt.v days
<br /> � � � �
<br /> ; froui the date tlie notice is mt�iled to 13orro�cer, I�}� « hicli ,�iicli I)3'N,LCII must be cured ; tind (41 that failure to cure
<br /> '' such breach on or Uefore the datc specified iu the noticc � ua�y result in sseccleration o5 thc sum� secured by this
<br /> � 'blortgage a.nd sale of �,he Property. If tl�e breacli is not cured or or before thc dnte ,pecified in the notice, Lencier
<br /> at Lender's option �nay declarc all of the �ums secured b�- this �ZorLgagc to i>e iinmediately due :ind payaUle
<br /> without further demand and may foreclose this 1-Iortgagr l>y judicial proceeding. Lender shall he entitled to collect
<br /> ; in such proceeding all expenses of foreclosurc , inclucliug, but not limited to , costs of documentary evidence ,
<br /> abstracts and title rc�orts.
<br /> A 19. Boaower's Right to Reinstate. \ot�citlistanding T,e��dei's uccelei•ation of tlie sums secured by this
<br /> Mortgage, BorroweT shall have the ziglit to have any proceedin�;: begun by 7.eridcr to e�iforcc this \forCgage dis-
<br /> �' continued at any time prior to entry of a judgment enfoYcing this \1ort �uge iS : ( t� l Borrower pays Lender ali
<br /> sums which would be then due under this �lortgagc, the Note i�nd notes securing Futum Advances, if any, had no
<br /> � acceleration occurred ; ( b) Borrower cures all breacl�es of nnv other coernants or �gr�ement, of I3orrower con-
<br /> `' tained in this :�70rtgage ; (c ) Borrower pays alla•easonable es��ensea incurred i�c Lender in �nforcing tkie co��enants
<br /> $ and agreemenis oi Borrower contained in this �lortguge and iu enforcin�; Lender:s re�uedies as provided in p�ra-
<br /> � graph 18 hereof, including, but not limited to, reasonabie attorne��'� fec� ; aud � d ) I3orro�ver t:xkes sucL action a�
<br /> S Lender may reasonably require to assure t.liat thc lien of this �iortgage , I.ender's interest in the Property and ,
<br /> f Borrower's obligation to pay the sums secured hy this �3ortgsge �l�ull continue unimpuimd. Upon such paymeni_
<br /> and cure by Borrower, this tiiortgage and the oUligatioi3s ;ecured hereb�� shall resnain in full foi•ce snd efiect as if , � �"k,,
<br /> + no ucceleration had occurred. ' F � ' � ;��`:'
<br /> y 20. Aasigitmeat o! Reats; Appoiafinen! of Receiver; Lender in ' Possession. A, additional security here- �.ry � ��
<br /> under, Borrower hereby assigns to Lender tlie rents of t}ie Propei•t.>'. p�•o��ided tliat Borro�cer shall, prior to acceler- , �r � .
<br /> L ` ation under paragraph 18 hereof or abandonrnent of the Property ; have the right to colleci and retain euch rents ���
<br /> as they become dne and payable_ �°�``;;
<br /> Upon scaeleration under ��aragrapir 18 i�ereof or xf>andonment oi ti�e Yro��erty , Lender, in t�eraon , bg ageni_ .
<br /> � , � , -
<br /> ; ozby ' judicially 'nppointed receiver shalI' be entStled iq enter u�aon , t31ce ' �ossession of snd manage the Propertti* ' '
<br /> and to collect the rents of the >Property; incTuding those past due. Al1 rents collectecl by I,ender or the receiver �-
<br /> shall be applied first to payment of the costs ot inanagement of the Psoperty and collcction of rents , including, but
<br /> not limited to, receiver's fees, premium� on receiver's bondc .ind rensonuble attorney': fees . ssnd then t.o the ,ums
<br /> �aeurel l�y thie bIurlga6e. L�n<ler �snd I.l�e reucivei� ,I�ssII Lt� lixble io rsecoun6 oiily iw' tLo�e 3'ei�La acCtutliy recr.ived .
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