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<br /> not extend or �>ostpone the due date oi the monthly iusinllments referred to in paragraphs 1 and 2 t�ereof or
<br /> r,hange the amount of sucl� install�nents.
<br /> l0. Borrower Not Released. �xtension of the time ior ��a��iuent or modification of amorti�ation of the sums
<br /> secured by this ylortgage gi•anied - b,y I.ender to any successor in interest uf Borrower sliall not .operate to release;
<br /> in any inunner, the lial�ility of the original I3orrower �iid 73orrower's successors in interest. Lender shnll not be
<br /> r; required to cominence proceedings :�gainst sucii successor or i•efu�e to extend time for payment or otherwise modify
<br /> amortization of the sums secured Uy tl�is \iortgage hy reasou of any demand macle by the originai Borrower and
<br /> Borrower's successors in interest:
<br /> 1L Forbeazanee by Lender Not a Waiver. Any Sorbearance by Lender in exercising any right or remedy
<br /> hereunc3er, or otherwise affordzd by applicaUle 1aw, 4ha11 not be a waiver of or preciude the exercise of any right
<br /> or remedy hereunder. The procurement o£ insurance or tlre paynient oS taxes or other liens or charges Uy Lender
<br /> shall not be a waiver of Lender's right to acceler�te the ix�aturity of the inde�tedness secured by this Mortgage.
<br /> 12. Remedies Cumulative_ All semedies provided in tl�is \4ortgage are distinct and cumulative to any other
<br /> right or remedy under tUis lIortgage or nffordeci by la��• en• ec�uit,y, and ma}� be exercised coneurrentiy ; independ-
<br /> ently or suceessively . ;
<br /> 13. Successors mid Assig=ts Bound; Joint �d Several Liability: Captions. The eovennnts and agreements
<br /> herein contained shall bind , and the rights hereunder �hall inure to, tlie respective successoTs and assigns of I:ender
<br /> ; and Borrower, subject to the provisions of paragrapl� 17 hereof. :111 co�•enants arid agreernents of Iiorrower shall
<br /> be joint and seaeral . The c� ptions and headii�gs of tiie parugraphs of thi� \ Im•tgage are for r,onvenience only and
<br /> are hot to be used to inte2•pret oi• de&ne the t�rovisions Jiereof,
<br /> 14. Notice. Any notice to I3oTro�ver pro�'idcd for in tliis _llortgage :hall be niven by �uailing such notice by
<br /> certified xnsil addressed to I3orro�vcr at tl �e Yroperty Ad�9re�s stssted bclo��- , exce�it ior auy notice required under
<br /> paragragli 18 hereof to be give�i to I3m•ro�ti-ei• in thc n�anner ��rescribed by ap�ilicable law . :�i�y notice provided
<br /> for in fhis \fortgage shall be dee�ned to lia�•c becn gi��en to T3orro���er «•lien given in the rnannur designated herein .
<br /> 15. Uaiforan Mortgage; Governing Law; Severability. 't'l� is forrn of mort.guge coinbines uriiform covenants �
<br /> for national use and non-uniform covenunts �vitL limited variations by jurisdiction to constitute a uniform secu-
<br /> rity instrurnent covering real }�roperty. This \Iortgage sliall bc governed by tlie la�v of the jurisdiction in which
<br /> the Property is located . Tn the event that any provision or clause of this \4ortgage or tl�e Note conflicts with
<br /> a}�plicable law, such conftict shall not affect otlrer provisions of this �Iort.gage or tl�e 1Vote which can be given
<br /> effect without the conHicting provision , and to this end the provisions of the \Iortgage and the Note are declared
<br /> to be severable.
<br /> 16. Bonowei s Copy. Borrower shall be furnisl�ed a conformed copy oF this D'Iortgage at the time of execu-
<br /> tion or after recordation hereof.
<br /> 17. Transfer of the Properiy: Assumption. If yli or any part of the Property or an interest therein is sold
<br /> or transferred by Borro�ver without Lender'� prior written consent , excluding (a) the creation of a lien or encum-
<br /> brance su6ordinate io this \lortgage, i � ) tl�c creation of a purchc�sc �uoney security interest for household sppli-
<br /> ances , (c ) a transfer by devise, descent or b,y opei•iation of l.i«� upon the death of a joint tenant or (d) the. grant of
<br /> any leasehold interest of tl�ree yenrs or less not containit�g au o�>tioti to purchase, Lender may , at Lender's option,
<br /> declare a3] the sums secured by this Mortgage to be innnediuiely due and p�yable. Lender shall l�ave waived such
<br /> option to accelerate if, prior to tlie sale or transfer, Lender aud tl�c person to whom the Property is to be sold or
<br /> Cransferred reach agreement in writing thaC the credit of sucl� person is satisfactory to Lender and that the interest
<br /> payable on the sums secured by this :�iortgage sliull t>e at sucl� i•ate as Lender shx�ll request. If Lender has waived
<br /> the option to accelerate provi3ed in this paragrapli 17 and if Borro�ti�er's successor in int.erest has executed a writ-
<br /> ten assumption agreement accepted in writing I�y I.ender, Lender shnll release Borrower from all obligations nnder
<br /> this Mortgage and the Note.
<br /> If Lender exercises such option tu accelerate, Lender shall �nail Borrower notice of acceleration in accordance
<br /> with puragraph 14 hereof. Snch notice sl�all pro��ide a perioct of noL less tli:�n 30 days from the datc the notice is
<br /> mailed witl�in which Borrower may ps� y the sums dedared due. lf Borro�aer fails to �tay such sums prior to the
<br /> expiration of such period, Lender may , ���itl�out furtlicr notice or demsLnd on 13brro�ver, in�roke any remedies per-
<br /> mitted by paragraph78 hereof.
<br /> Nox-ITxiFoxM Covr:xw�.Ts. Boi•ro�ser and Le�idei• f'urtlier covenai�t and a�ree a5 follo��•s :
<br /> ,,
<br /> I6. Aecelezation; Remedies. I:xcept a< pro�-ided in � �:u•�,�rai� ili 17 hcrcof , upon I3orrower's breach of any
<br /> covenant or agreement oT Borro���er in tliis \1ort�;'a�'c , inc] uding tlic covenanf» to pa,y ���lici� duc an,y' sums secured ,
<br /> by this �'Iortgage, Lendcr ��rior to ucccleration e6uli muil notice ta E3m•rn��•cr a� pro��ided iii p��ragraph 14 hereof
<br /> specifying : ( 1 } the �reacU ; f2 ) the action rcquired to cure sueh breacli ; � 3 ) a dat.c, not less tl�an thirty days
<br /> from t.he date tlie noticc is mailcd to 13oi•i•o�+•cr, b�• ��� I �icli �itcli lire.icli u �ust bc cure� ; and ( 41 that fuiluc•c to cure
<br /> such breach on or Ucfore tl�e date specified in tl�e notice mxy result in acceleration of the sums secured by tl�is
<br /> \lortgage and s�.le of the Yroperty. If the breaidi is noc curec{ on or before the date specified in tl�e notice, Lender
<br /> at Lender's option inay declax•e all of the .ums securcd b� this \lortga6e to be. iinmediately due and payable
<br /> without further demand �nd may foreclose this \lortgR�;e bp judicial proceeding. LendE:r shall be entitled to collect
<br /> in such proceeding all expenses of foreclosure , inclu�ling, but not ] i�nited to , costs oS docmnentary evidence,
<br /> abstracts and titie reports.
<br /> 19. Borrower'a Right to Reinstate. lotn•itlistanding I.ender's accelcration of il�e sums secured by tl�is
<br /> Mortgage, Borrower ehall have tl�e right to ha��e any proceeding� begun bti• l.endm• t.o enforce this �lortgage dis-
<br /> continued at any time prior to entry of a judginent enfoYcing this \lortgaige if : la ) Borro�cer pays Lender all
<br /> sums which would be then due under this JIortgu�;c, tl�c lote and notes securing Future Ad�•ances, if any, hxd no
<br /> acceleration occurred ; ( b ) Bozrower cures all breaches of an�• other co�-enants or agreements of Borrower ron-
<br /> tained in 'this VIorigage ; (c ) B�rruwer pays :+ii rea�ui�nble aa�,ci„e: iucurn.l Ly i.ru.ler in �rr. faein�; tl�e cocenanLs
<br /> and agreements of Borrow�er contained in this �Iortgagc and iu eniorcing 1.encler'.s remedies as provided in para-
<br /> , graph 18 hereof, ineluding, l�ut not limited to, reasonable :xttorney's iee� ; ai�cl fdl Borrower tskes such action as
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<br /> �� Lender may reasonably require to aseure t�liat the � lien ol this \Ioitgage, Lencier's interest in the Property and � � �
<br /> Borrower's obligatiion to pay the sums seeured by this \Io� tgz�c sh ill �ontiiruc iinimpaired. LTpon such payment � '� � �
<br /> and cure by Borrower, this Mortgage and the obligation� secured hercli}• shall remain in full force and effect as if , ' « �-�� . �. .
<br /> no acceleration had occurred. t '� '�"
<br /> � � 20. Ausiyameat of Rants: Appointazent of Reeeivez; Lender in Possession. As aidditianal secUrity here- "��" '
<br /> under; Borrower hereby assigns to Lender the rents of the Prope:•ty , pro�•ideii thatBorro«•er shall , prior to aeceler- �� y��.��
<br /> ation under paragraph 18 hereof or abandon�nent of t6e Propert,y, ha��e ilic riglit to eollect and retain such rents ' �;"', ;
<br /> as they become due and payable:
<br /> Upon acceleration under paragraplx 18 hereof or �.handonxnent oi the Yropert�� , Lender, in person , b�� ugeni
<br /> � or 'by judicially appointed receiver shall be entitled to enter upon , take po�se�sion oi and inunxKe ciic Properiy � ��. '
<br /> and to collect the rents of the Property, includin� thosc pasi dne. All rents collected hy Lcnder or the receiver
<br /> shall be applied Srst to payment of the costs o£ u�anagement of the Property� anci collection of rents , including, but
<br /> ' uuL Iiiuii.e�I tu, r�ceil'ai''� fees, j�r�inium� on recci��er's bon<ls und reasonahle :ittorner's fees , and then tp thc swns
<br /> secured by this Mortgage. Lender n,nd the receicer sl��ll be liable tn xccount onlp for those rents actunliy received . �
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