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<br /> � not exten� or �iost�pone the due t3ate pf ��� Hic ri�o��t.lily �iustalliuei�ts ri'�;ferred to 5i� � partx�rsphs 1 �,ncF 2 hereof or �
<br /> change #f�e atnount of sucli instnllments.
<br /> 10.' Borrower Not Released. Extension of the time for p:s��ment or inodification of araortization of the sums
<br /> secured by this lZortgage grznted t>y I.encier t.o a�rv sucr.c=sor in interest of Fiorro�ver shal] not operate to release;
<br /> in: sny manner, the liabilit}- uf the original 13orro�ver anci 13orro�� er'� ,uccessor� in interest; T,ender shall not be
<br /> � required to commence proceedings agaiust suclr successor or refuse to extend time for payment or other�vise modify
<br /> ` ,; an�ortization oP the suins secured by tl�is _\Iortgage by i�eason of a»y dernsnc9 made b3c the original Borrower and
<br /> ; Borrower's successoTs in interest.
<br /> 11. Forbearance by Lender Not a Waiver. :�ny forbearance l�y Lender in exercisin� any right or remedy
<br /> ITereunder, or otherwise afforded by sspplicaUle lau•, sha11 not be a �vaiver of or preclude tl�e esercise o€ any right
<br /> or remedy hereunder. 'Che i�rocuremen� of insurance or the �iayinent, of taxes or otl�er liens or charges by Lender
<br /> shall not be a �v�iver of Lender's right to accelerate the ii�aturity of tdie iudebtedness secured by this vtortgage.
<br /> � 12. ' Remedies Cumulative. 'All remedies �irovided in tl� is J4ortgage are distinet and cwnulative to any other
<br /> � riglit or remedy under this llortguge or iiffordcii b� la��• or i�quit}*, and �i�ay be exercised concurrently; independ-
<br /> % ently or successively:
<br /> � is. su��e�a�s �a �;� BoLLna; joint and Several Liability; Captions. 'fhe covenants and agreements
<br /> herein contained shall biud ; t�nd ttie rights hereunder sl�all inure to , the respective successois .tiod assigns of Lender
<br /> and Borrower, sul�ject to Clie provisSons ot paragriy�li 17 hereof. � II covenauCs and agreementh of Borrower shail
<br /> !�e joint at3d sever�al : The craptions anc� hesdings ot tl�e ll:iragt:i��li, of ihis \ Iort�;age :are foc• eonvenience onty and
<br /> aie not to be used to interpreC or define tLe provisious hereof.
<br /> � 14. Notice. Any notice to Boi•ro���er pro�•idcd fai• i �r tl�in \lortgage shasll bc: qi�•en by tnailing such notice by
<br /> certified in�il addressed to I3orro�ser xt ihe Yropert�� Address staiiecl lielo�ti• , excepi for aciy notice required under
<br /> � � � � � Jzaragra,�h � ] 8 � hereoP to lie given fo $a�ro���cr in the inanner �rcescribed by app7icable l���e. �ny notice provided �
<br /> for in this \fortgage sh:�ll be deemed to ha�-e becn gi��en to I3orro��•cr �rheu given in the manner designaatcd herein .
<br /> ' 1S ,Unifozm Mortgage; Governing Law; Severability. '1'hi: Sorm oI inortgage co�nbines unifor�n covennnts
<br /> ` for nationnl use and non-uniform covenants witl� limited �•ariations b}� jurisdiction to constitute a uniform secu-
<br /> r rity instrument covering real }>roperty. This \ Iortgage shall be governed by tl�e ]a�v of the jurisdiction in which
<br /> ' the Propertiy is located. In tlie event that :Lny provision or clause of tliis l4ort,gage or the 1Vote c�nflicts �vith
<br /> applicable law, sucl� conflict sfissll not affect other provisions of thia \Iortga�e oi• the Notc which can be given
<br /> � effect without the conflicting provision , and to this end thc provisions oi the \Zortgage and the Note are declared
<br /> to be severable.
<br /> ` 16. Borroweis Copy. I3orrower shnll be iurnisl�ed u confoinied cop�� of this Dlortgage at tlie time of execu-
<br /> ; tion or after recordation liereof.
<br /> 17. Transfar of the Property; Assumption. If all or ariy �,�rt of the Property or au interest therein is sold
<br /> or transferred by }3orrower without Lender's prior written consent , excluding (a ) thc creation of a ]ien or encum-
<br /> brance subordinate to this liortgage, ( b ) the creation of' a purchase moner security interest for liousehold appli-
<br /> ' ances, (c) a transfer by devise; descen 't or by operakion of laa� upon tlie death of a joint t.enant or (d} tlie grant of
<br /> { any leasehold interest of tliree years oi• less not containing au option to pw•cliase , I,ender inay, at Lender's option,
<br /> � declare all the sums secured by tliis Mortgage 'tu bc imi�iedi.ately duc :�nd payable. Leuder shall liave �vaived such
<br /> � optiorr to accelerate if, prior to the sale or transfer, Lender and tt�e person to �aliom the Property is to be sold or
<br /> + transferred reach agreemenc in �vriting tliat tl�e credit oI such person i� satisfuctor�� to Lender and that the inCerest
<br /> payable on the sums secured Uy this '��Iortgage �l�all be at such ratc as Lender sliall request. If Lender has wfli�red
<br /> the option to accelerate provided in ihis paragiaph 17 and iS l3orro�aer's successoi• in interest, has executed a writ-
<br /> ten a,ssumpLion agreement �ccepted in writing by Lender, Lender shall release Borrower from all obli�ations under
<br /> ; this Mortgage and the Note.
<br /> If Lender exercises such option to accelerate, Lender shnJl �nail I3m•rower notice of acceleration in accordance
<br /> witL paragra�h 14 kiereof. Sucli noticc shall pro��ide a period of not less than 30 days from the ciate the tiotice is
<br /> cuailed within wl�ich Borrower ma,y� puy tl�e suv�, declared due. If Borrower fails to pay such surns prior to the
<br /> � expiration of such peritid , Lender may , «�ithout fuirtl�er noticc or �lemand on I3�orrower, invol:e any remedies per-
<br /> � mitted by paragraph 18 hereof.
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<br /> ' iv'ox-�TxzFOHaz CovFxn:�Ts. 13orro�vei• and Lendci• furtl�er co�•enant and a�i�ee a� Follows :
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<br /> 18: Acceleration; Remedies. L•'xce��t as pro�-itlec{ in � �:iru�ra� rl � 17 hc•reof , upon 13orrower:s breach of any
<br /> covenant or agreement of Borro�ccr in tl�is \�1oi-t�agc, iucluding � tl �c co��enxnts' to �iay �vhen due any suins �seoured �
<br /> � � � by this 1�Iortgage, Lender ��rior to accelerut�ion �linll mriil notice to Borro��•er �;s pro�•idcci in pura�;raph 14 hereof �
<br /> � � � speaifyii�g : � ( 1 ) � the breach ; (2 ) tlie acti��n require<i t � cure sucli breacii ; 131 a dnte , not � less thnn thirty days
<br /> ' froin the date the notice i5 iiiailed to 13orro�ccr, I >�� �cl � icli st�c•li I , reach �uust I�e. curcd ; and ( 41 t6at failure to cure
<br /> �•` � � such hreaeli on or before the dat<� s��ecifieci iu thc notice inay re;ult. in acceleration of t.i�o sums serured by this � � � �
<br /> F blortgage and sale of the Property. If the bresch is not curc,d on or liefore tlie date specified in tlie notice, Lender
<br /> at Lencier's option may declare all of the sums secured by tlii.- \Iortgage to be immediately due .;nd payable
<br /> without further detnand ar.d may Soreclo,r•e this \fortgage by judicial proceedinq. Lender shxll he entiUcd to collect
<br /> ' in such proceeding `all expenses of foreclosurc, inclu� tin�, b�rt not li�nited to , costs of documentar}• evidence ,
<br /> ' abstracts and title reports.
<br /> ; 19. Bonower's Right to Reinstate. Not�aitLstanding Lender's acceler�tion of the smn� secured bv this
<br /> `� Mortgage, Borrower shali have the right to have any proceedings heguh by Lender to enforec this 14ortgage dis-
<br /> continued at any time prior to entry of s judgment. enfoxcing this �iorigage if : ia ) Borrower pays Lender ssll
<br /> sums which would Ge theti due under this .11ortgaRe, tlie N�te :�u�i notes sec�rriu�; Future A<9vttnms , if xny, had no
<br /> aceeleration occurred ; ( b) Borrower cures alt breaches of an�• other co��enantc or agreements of Borrower con-
<br /> ; tained in this Mortga�e ; ( c) Borrower pays all re��onable c �j>ense� incui•red by I ,ender in cnforcing fhe covenants
<br /> ? and agreements of Borrower contained in thi� �lortKaRc and in enfoirin�; I.ender 's remeclies as provicied in para-
<br /> graph 18 hereof, including, but not ]imited to , reasonable atrorne�� '� tee� , ixnd (d 1 Borro���er takes such action as ! `
<br /> ; Lender may reasonably require to assure chat thc lien of tlus \Iortgage , Lender'� interest in the 1'roperty and
<br /> Borrower's obligation to pay the sunis secured hy this \1ort�,:7gr �h.ili continuc uuimpuiA�cd. IIj�on such payinent � ��, � �y, `' '
<br /> and cure by Borrower, this A4ortgage and tl�e obligation. secureci l�crc:b�• ,hall remain in full force and effect as if � � r
<br /> �� no aeceleration hsd occurred. �" � �: €�,� . '
<br /> ' 20. Aasigameat oi Rents: Appointment of Receiver; Lender in Possession. A5 3dd�tionul cecurity here- �%z��,
<br /> > under; Borrower hereby assigns to Lender tl�e rents of the Property ; pro��i<:ieil tliat Borro���er shall , prior to acceler- ��+`'
<br /> ' ation under paaagraph 18 hereof or sbandonment of the Yroperty. l�x�-c thc ri�ht to collect and retain such rent� ' " '
<br /> ' " as Li�ey become due und paynble�
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<br /> Upon seceleration under; ��aragrsph 18 heireof or ahandonment of the Yropert�� , Lender, i� person , bp agent " '�
<br /> or by,judicially aPpointed receiver shall be entitled to enter upon, take po�session of atnd int�nage the Propert,y
<br /> ' and to eollect' the rents of the,Property, includin� those >>aat due. All rents collected by Lender or the receiver
<br /> , eliall kie ap}�lie3 fiiv6 i,o }��y�nenl, uf LI�e uos4a u! inanage.cneaiu uf 4Le Yroperc�� alnd collection oi rent., including, but
<br /> ' not limited to, receiver's fees, ��remiums on receiver'� boncl� iind reasonaUle attorne,y's feea, � nd then to the sucns
<br /> secured by this Mortgage. I.encler and the receiver shall he liable to account. onlp for tt�ose renCs actuall�� recei�•ed . I
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