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<br /> not extend ar postpone the due ��atc ' oi the iuonilil}• in�i : � IlmenC� reierreri io iu p:iragrcipf,s `l ;mud 2 hereof or
<br /> cFiange tlre uniount oi sucli instnllinents:
<br /> 10. Bozrowez Not Heleased. L+'xtens;�n of tlie time for l�a}�rnent or modificnt.ion of :xmortization of the sums
<br /> secured by this �4Tor'tgage grunted l�y I:ender to at�y �iicr. essor in interesL of Borro�i�er shall not operate to release,
<br /> in any inanner, the' liabilit�• of tLe original I3orro«•er uncl 13orro�scr'� successors in inierest. Lender shall not be
<br /> required to cominence proceedings against sucli succe,soi• qr iriuse. to exteiid timc for payinent or otl�er�vise modify
<br /> umortiaation pf td�e suins secured by tl�is \ lortgagc I>y reasai of any de�n:ind macie by the original Borrower and
<br /> r Borrower's successors in interest. �
<br /> ; 11. Fozbearance by I.ender Not a Waiver. Any forbearancc by- Leiidea• in exercising any z•ight or remedy ?
<br /> liereun�ler, or otl�erwise afforded by spplicable la�d, st�ull noi be .i �vui.�er ot or preclude ihe exercise of any right
<br /> � or remedy hereun�ieii The procuremeut of insurance or tl�e pa}�rpent. of taxes or other liens or charges by Lender �
<br /> , �
<br /> ! � �� shall � not be � a tvaiver� of Lender'� righG � to accelerate tl�e iY�aturiCy of tlie indebtedness secured by this Mortgage. ! �
<br /> � 12. Remedies Cumulative: �II remedies pro��ided in t:his \1orLgage nre distinct and cumulut.ive to any other �
<br /> � ; . � ' righE or remedy underthis _llortgage or ;ifTordeii hp� la�v or cquitti� , unci rne��• bi, ex<:rci.sed concurre:�tiv; independ- �
<br /> ently' or succeasively. i
<br /> ' a 13. Successors and Assig:ts Bound; Joint �d Several Liability: Captions. Tl�c co�•c;nants and agreements �
<br /> � herein contained shall bii�d , and tlie rights liereunder �l�all inurc� to, thc respectrve successm•s and assigns of Lender !
<br /> ; and Borrower, subject to tl�e pro��isions oT ��aragraph l7 l�ui, o(. :�11 covensuts anc:t agreeuieuta of F3orrower shall ':
<br /> � � ue joint =1nd eeverat . The captions an<1 lieading> of t6c paragraphis ot t I �is \ [ ortguge nre for con��enience only and '
<br /> aare not to be used to inierpret or define the provic9��1; ]�ereof_ i '
<br /> i4. Notiee. Any uotice to I3ori•on�er pro��ided f'm• i �i t(� is .ltorfg.age ehatf I�e gi�-en by inailing such notice by
<br /> { certified inail itddxessed to 13orrowci• :lc ilic Prapca•t�� :lddress �tnted belo��� , c�cept ior au�� notice required under
<br /> paragr�ph 1 $ hereof to be gi�•eii to E3orro�cer in tlre �n,triner � irc;cri3>ed I>y .tp� >licablc l:�n� . ;�ny notice provided
<br /> ' for 3n this �vlorf � �, e sliall br dec;med to Lii�•e been ��4c u t� Borro���er �cz�en oi ��en in tha m:inner desi �natd herein . '
<br /> i g� � ' � " � 6
<br /> ; 15. Unitorm Mortqage; Governing Law; Severability. 'lhis torrn ot inortgage comUine� uniform covenants
<br /> for national use and non-uniform covenauts �vith limited variations by ,iurisdiction to constitute a uniform secu- ;:
<br /> rity instrument covering real propert,v. 1'his \Iortgage shall be governed by the law of the j urisdiction in which
<br /> ''• the Property is locateci . ln tl�e eveni kl�at �xuy provision or clause of this �7ortgage or the Note con(iicts with
<br /> ' applicable Is�v, such conf3ict. shall not sffect ofher pro��isions oP this liortgase or the Note which cun be given
<br /> � � � � � � effeot rsithout tl�e confticfing provision, and to this end t;he i .�rovisions oi t�he .11ortgage and the Note are declared �'�
<br /> ? to be severable.
<br /> 16. Borrower's Copy. Borrower shall be lurnished a r,onformed copy of this 1lortgage at thc time of execu-
<br /> tion or after reeordation hereof.
<br /> ` 17. Trasisfer of the Property; Assumption. If all or any part of Y.he Propert:y or an interest therein is sold
<br /> or transferred by Borrower without Lender ': prior written consent, excluding ( a ) t.he crec�tion oF a lien or encum- a
<br /> brance subardinate �a tl2is �Iortgage, ( bl tl�e creation ot u E�urcha,e �noney securit,y interest for household appli-
<br /> ances, ( c) a transfer by devise, descent or 63- operation of I :�sv upciii the deatf� of a joint tenaut or (d ) tl�e grant of
<br /> ; any leasehold interest of three years or ]ess not containing sn optioii to purchase , I.endei• �n� �- . at Lender's option ,
<br /> ' declare all the sums secured by this Mortgage to bc imuiediately ciue anrt p;��-able. Lender sliall have �vaived such
<br /> ! option to accelerate if, prior to the s�le or irnnsfer, Lender aiud thc person to �vhom the Property is to be sold or
<br /> F transferred reaeh agreemeni in wri[.in� that tl�e. credit of sucli ��erson is sutisfactory to .Lender and that the interest
<br /> � i payable on the sums secured by this liortgage sliull be at sucli ratc as Lender sl�ali request. If Lender hus waived
<br /> "a the option to accelerate provided in tl�is paragi•aph 17 and if 13orro�aei'� �uccessoi• in interest lias esecuted a writ-
<br /> ten assumption agreement accepted in �vriting by I,ender, Lender shall release Bm�rower irom all obligations under
<br /> this Mortgage and the Note.
<br /> + If Lender exercises such option to accelernte, Lender shall �usil Boz•rower notiee of acceleration in accordance
<br /> �� � � � �vith l�arngraph 14 hereof. Such notice atiall provide a � +eriod of not le;s tl�ian 30 daps from the date the notice is � �
<br /> ' mailed within �vhicti BorroH•ei• muy> �r1y tlie swns declai•ed dua Ii }3oi-ro�vci• fails to pay such sums prior to the
<br /> } expiration of .such period, Lender inay . «'iilrout furtlicr noticc or �iemund on }3'orrower, in��oke any remedies per-
<br /> j mitted by paragraph 18 hereof. .
<br /> t
<br /> � � � V� ox-U *�iFosaz Cov�xaaTs. Borro�ve �• .� ��id Lei�dei• f'urtl�ei• coveiiaiit �nil �bree as follo�cs : �
<br /> ��� � � � 18. Aecelezation; Ramedies. L�cept �� pro��idcit in � ntragru� ih 17 hcreof, upou 13orroF���r's ,breaeh of any �� �
<br /> s
<br /> covenant or agreement of Borro�cer in tl �is \iort�,n�c, including fLc covenants �o pa,y when duc any sunas secured
<br /> ' by ihis 1Iortgage, Lender l�rim• to .tcceleriation s6i� ll u �ail nolice to Bono�� er a� providcd in ��xrx�rxpti 14 hereof
<br /> � � � � � specifying : jl ) the ba•eacti ; ( 2 ) the :xetiou re��ui ��e� f to curi� �uch hr�ach ; 13 ) a datc. not le�s t6un thirt.y days � � � �
<br /> 1'rom the date the notice is mailed to 23a�ro��-cr, b�� �chieh �uch bre:uh uiust be cw•ec1 ; an�� 141 thnt f:�ilw•c to cure
<br /> � such breach on or before tl�e date specified in �tl�e notice rr�.xy z�esult in �ticcelerritioai of t�l�e ,ums a;ecured b�� this � � � � � �
<br /> �Zort.gage :ind sale uf tP�e Property. If tl�e breacl� is not c�ired on or bef'ore tlic ciZte sf�ecificd in the notice , Lender
<br /> ut i.ender's option inay declare all oi the aum, secured by tl�is \lortga�;c to hc inunediatcly due and payable
<br /> � � without further demand and rna,y foreclose tLi, �lortgnge by judir,ial � >roceeding. Lender shall f�e ene�iileci to collect �
<br /> in � such pi•c�ceeding all espenses of foreclosure, including, buL uot liiuited to, costs ot docu�nciitai•�� evidence, �
<br /> abstracts and title reports.
<br /> i ' 19. Bonower's Right to Reinstate. Not«�ithstanding Lender s acrele7•ation of the .urns secured by 'this
<br /> Mortgage, Borrower shall have the rigl�t to ha��e any I�roceedings begun by I,ender to cnforcc• thie lfortgage dis-
<br /> continned 'st any time prior to entry of � judgment enforcin�; thi.� \lortgage Sf : �_ u ) $on•ow•er pays Lender all
<br /> sums which would be then due under this \Iortga�;e , the Noie nnd note, securing F'uturc Ad�•ance�, if a.ny, had no
<br /> acceleration occurred ; ( b ) Borrower cures all hreache� of ;in}- other co� enants or :igrcement5 oi BorroK-cr eon-
<br /> � tained in this Mtirt�age ; (ej Borrower pays all reasonable ex��etn,c� incun�e.d b}� Lenc9�r in enforcinK fhe coven�ntr� � � � �
<br /> and agreements of Borrower cont�ined in tiiis lfort �;age and in enforcing Lendex's remedie� �i� provided in para-
<br /> graph 18 hereof, including, but not limited to, reasonable attornep '.� iEe.= ; :ind � d1 I3orro�i�er t �3kes sucl� action as
<br /> Lender may reasonably require to assure ihsst the lien of thi� \tort �a�e, Lender's interest in thc Yropertv and
<br /> Borrower's abligation to pay the sums secured by tl�i� �7ortg�z�c sl�all contiuue wiimpaired . L'i�on such payment
<br /> f and cure byBorrower, this Mortgage and the obligatious �ecw•ed I�ereby shrtll n:maiu in full fGrce :ind effect as if """ ' �'
<br /> no acceleration had occurred. , � �F R
<br /> 20. Assignmeat oi $ents; Appointment of Receiver; Lender in Possession. As nddition�tl security I�ere- � ' �; ,
<br /> � ; under, Borrower hereby assigns to Lender the rents of the Yro��erty: provided that Borro��-er shall , prior to scceler- `h r„
<br /> L ation under paragraph 18 hereof or abandonment of the Pro�>erty , ha�•e tl�e right to collect und retain such rents ,,
<br /> ' ` as they become'dve and payable: �� •
<br /> � Upon acceleration under paragra}�Is 18 hFrenf rn� a#,ar.�l�sn*n�nt of + ;7� Yr„�,s>rt;- , r er.�er, i-� ,e,�en , t>`: �gent ` ` ;
<br /> or b;Y judicislly sppointed i•eceiver shz�li Lc entit.led lo eriter u±�nn , irtk� ��o.�rc.i<,n �P ;an�i inann �r { Iio pro�,crtv .
<br /> snd to collecf, the rente `of the Property; including those pust due. All rents collected I>�• Lender or the receiver "°`'
<br /> shnll be spplied first topayrnent of the costs of inanngemrnt, of the Propert,y and colIection of renis, iurluding, but
<br /> not iSmiteti tv, receiver's fees, l�reniiums on receiver's bond� 2ud reasonnbie ciiornev 's iees . und then to the sum:;
<br /> secured by this Mortgage_ Lender and the receiver sliali be liab�e to xccounc only for tl �ore riant_s rictualh• recei�•ed.
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