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<br /> uot extet�ci or postpc�ne the due <iatc o:' ihe monthly inahillrnents n:tesred . tc� in p.ara�rapl�s 1 and `2 hereot or
<br /> chaixige tl3e zrnouiii oi siicti installSnents.
<br /> 10. Barrower Not Released. L�tensiori of the tiiiie for p.iy�uent or inodificution of amortization of t6e sums
<br /> secured by tiiis ,.tilort�;ige gr.�nted ��� I..��zder to any =necessor iii interest of 33orron•ei• shall not .operate to release,
<br /> in any man��er, 'the liabilitti of tl�e origival 13orro��•er and 13orro��•er's successor� iii inierest. Lender shail not be
<br /> � required to commence proceeciiiiga against sucl� successor or refuse to excend time for payment or otiierwise niodify
<br /> xmortization of the sums secureci by tl�is \lortga�;e b}� rensai of any� demand macie by the original Borrower and
<br /> Borrower's succeSsors in interest_ '
<br /> 11. Forbearance by Lendez Noi a Waiver. :�ny ,forbearance trr 1.ender in exercising , any Tight or remedy
<br /> hereunder, or othercvise afforded by spplicable ln«•, st�al l not be .i wai;er: of or ��reclude the exercise M" any right
<br /> or remedt� hereunder: The }rrocurement of insurance oi- tlie � �ayment of taxes or other liens or charges by Lender
<br /> / shall not Ue' a �vaiver of Lecider 's rigl�t, to accelerate tlle �u�turity of the indebteilness secured by this Martgage.
<br /> 12. Remedies Cumulative. � 11 remedies provideii in this \iortgage :ire aistinct aiSd cumulative to any ,other
<br /> � right or remeciy under t.lii, :\fortgage or afTorclr.d I �y la��� i�r isquit�; and zn�ay hc ez�?rci�ed coneurrenily; inclepend- '
<br /> ently or successively. ' , '
<br /> 13. Successors and Assigns Boundr Joint cmd Several Liability; C�tptions. Tl�e covenants and agreements
<br /> herein contained shaIl bincl , and the rights I�ereuradcr .=hail iuin•e to , thc respective successois and assigns of I:ender
<br /> anci T3orrower, subject io tl�e proyision : of paragr<ipl� 17 liereof. .111 covenant_ and agreements of Borrow-er- shall
<br /> be joint and sever� l. Thc captions am3 liead� ngs oI the pnragrap6:; of tlii. \lortgage are for convenience only and
<br /> ars not Lo be used to interpreti or define. t.lic pi•ovisio�is l�ereof.
<br /> 14. Notice. Any notice to Boi�rotiver pro�•ided fbr ir, t6i.� \lortgu;;e shail Le given liy ivailing such notice bp
<br /> certified Suail addressed to E3oi•rower at tlic I'i•operty .�iidir: : stute�.l bc1o��� , eXcept i'or u:rv notice required under
<br /> parugra}�ti 78 hereof to t>c gi��en to 13arroH•er in the in3nner pre�cri6ed b�� :;��plical.�lc la��� . Any notice �irovi�led
<br /> � � for in tkiis �lortgage �li�ll l�e dce�ued to liavc bcc�n �i��en to 13orrower � «�hen gi�•en in r�hc �uanner dc,i�nated herein.
<br /> 15. Unifozm Moztgage; GovemingZaw; Severability. 'I'his foi•m of »ioi•tgf�ge coinUines uniform covenants
<br /> for national use and non-uniforni covenants �vith limitecl vetiriations b}� jurisdiction to constitute a uniForm secu-
<br /> rity instrmnent covering real propert�-. 'lhis \Im•tga�e shall be governed by the law of the jurisdietion in �vhich
<br /> the Property is located. In thc event that zny pruvision or clause of this Mort�age or the Note conflict,s �vith ''
<br /> applicable la�v, sucli confiict shall not xf�'ecr. other prorisions of this \iortgagc or the I`Tote which can be given
<br /> effect without, tl�e conflicting ��rovision, and to this end t.he pro��isions of the _'• Iortgage and the Note are declared
<br /> to be severable.
<br /> 16. Boz=ower's Copy. Borrower shall be furnished :L ronformed r.opy af this tZortgage at the time of execu-
<br /> tion or after recordation hereoi.
<br /> � 17. Transfer of the Property; Assumption. If all ar any part of the Property or an interest therein is sold
<br /> ortransferred by Borrower without Lender:� prior written r. onsent, r.xcluding � al the creation of a lien or eneum-
<br /> brance suUordinate to this �lortgagc , tb) tlie creation oF a �iurchusc monc}� security interest for househoId appli-
<br /> ances, (c) a transfer 6y cievise , descent or by- operation ai la��� upon the deatli of a joint t.enanti or (d ) tlie grant of
<br /> any leasehold interest of three years or Icss not containinn un option tn ln�rchase, Lender may, at Lender's option ;
<br /> ' declare all the swns secured b3� tliis blortgage to be immediztely due and payable. Lender shall have wnived such
<br /> option to accelerate if, prior to the sale or transfer, Lender and tl�e person to whom tlie Property is to be sold or
<br /> transferred reacli ugreemen 't in �vriting tl�at ilie credit oi such person is �atisfactory to Lender and that t4e interest
<br /> payable on the sums secw•ed by this _lfortgage sliall be a 't sucli rate as I,ender sl�all request. If Lender I�as waiyed
<br /> the option to accelerate provided in this I�aragrupl� 17 and if 13orroticer's successor in interest has executed n writ-
<br /> ten assun�ption agreement nccepted in �vriting by I�ender, f:ender shall re]ease Borrowei• from all obligations under
<br /> t,his Mortgage and the Note.
<br /> If Lender exercises such option to accelerate, Lender shall mail F3or�nwer notice of acceleration in accordance
<br /> witl� paragraph 14 hereoi. Sucl� notice shall provide a ��eriod of not less than 30 days fran ti�c dttte the notice is
<br /> rnailed witl�in whicli Borrower n�ay pay tl�e surns �leclared cluc. If 13orrower f:xils to pav such 7urns prior to the
<br /> expitation of such period, Lender may , ���itliout fu�Kliei• notice oi• �{eniaud on Borrower , invoke sny remedies per-
<br /> mitted by paragrapli 18 hereof.
<br /> :�'ox-L' :.tF6R�z Covrxw� Ts. Borro«-er �� nd Lender furtl�er covenant and 3;;ree as follu���s :
<br /> 18. Acceleratioa; Remedies. Exce��t as pro�'idert in � �aragra� di 17 lierepf, u}7otr F3orrower's tareacl� of uny
<br /> covenant or agreement of Borro�cer in thi; `lort�;age , includiiig iLc covenants to pay �i�l�en duc an)• sums securec.i
<br /> by this \Im�tgage, Lender 7� rior to accel��ration sl � all mait ❑oticc io I3orro���rr :ss pro��idcii in ��arsgrapl� 14 hereof
<br /> sj�ecify�ing : ( 1 ) ihe breaeh ; ( 21 the rtction required to cun sud� hreech ; B ) ti cl�tte, not less tl �sin � thirty c9ays -
<br /> from the date tlro notice is m:tiled to Liorro��'cr, In� �� Licl � ��icl � brr.xch must b� cw•e�i ; anct ( 4 ) that failure to curc
<br /> such bresch on or before tLe date specified in the n<�tic•c �uay i'esuh in acceleration of tlx� su�n� securecl by tliis
<br /> � ?�1orCgage and sale of the Yroperty . If die l��reacl� is not rur�d on or before the ds 't.e specified in tlie nptice, Lender �
<br /> at Lender's option inay declarc till of 2hc sums secured bg this �iortgage to Ue iin�nediately �3ue and payable
<br /> without further demaud and ma� fm•eclose tl�is \lorigage by ,i ��dicial proceecling. Lender shall be entitled to collect
<br /> in such proceeding <tll expenses of foreclosure , inducling, but not li>»ited io, cost� of docuirientary evidence,
<br /> abstracts and titlea•eports.
<br /> 19. Boaowez's Right to Eieinstate. 1ot�citL�tnnding T.eiidei•'s acceleration o( the sums secured by this
<br /> Mortgage, Borrower shall have the right. to have �ny procceding� hegun bg Lender to enforee thi� 3lortga�;e dis-
<br /> continued at any time prior to entry of a judginent exifqTcing this llortgage if : (al Borro�ccr pays Lender all
<br /> sums which would be then due' under tl�is 1lartgagc, the 2Qote and notes securing Future Ad��ance., if nny , had no
<br /> scceleration occurred ; (b) Borrower cure� all bre.iche� of <�ny other coccnoint � or agreements of Borrower con-
<br /> � tained in tnis 1lorf.g�,ge ; (c ) Borro�ver pay� :�li 1'��asonat„c c �:i��uae� iucurrecl 1��- I.cnuer in enforcii�h thc co�•enants � � �
<br /> and agreements of Borrower contained in tliis JSortga�;c and iu enforcin� T,ender:� rcmedies as provided in para-
<br /> graph 18 hereof, inclu�3ing, but not limited to, resssonable utioi7iey '� iee� ; and idl Borroti�•er tiakes such action as
<br /> , Lender naay reasonably require to assure thut the lien uf tl�is \Tortgage, Lender'_ interc�t in thc Yroperty and
<br /> Borrower's obligstion to puy the su�ns secured hy this \1ort�,a5e :liail continuc unimpaired. Upon ,uch payment p � ' '` �
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<br /> and cure by Borrower; this Mortgage itind the obli�atios�s �ecured hereby shatt remain in full force :snd effect as if ' � � n , �, � ��:s,
<br /> no acceleration had accurrecl. '� " �`
<br /> � 20. AssigamestY of Rems; Appoixatment of Receiver; Lender in Possession. As additional ser,urity here- rf����„ :
<br /> under, Borrower hereby assigns to Lender tlte rents of the Propert�•. provide<i t l�at Borro�cer sliall , prior to ucceler- ` "'�'
<br /> , ; ''�4 ,,
<br /> ation under paragraph 18 hereof or �bandonmeni of the Yro�aerty , hsve the right to collect and retx�in such rents ` ' �
<br /> as tLey heeome due and payxble_
<br />�' ' Upon acceleration under Paragraph' 123 hereof or akaandomnent of the Yxopeity , Lender, in persuu , uy ag�nU
<br /> or by )udicially appointed receiver shall be entitled to enter u}�on, takc poe�e.�,iot� oi :snii �usuagr iLe Property " '
<br /> and to collectthe re.nts of the ProperGy, including those;past due. Ail rent� rollectecl by Lender ur the i•eceiver
<br /> , shall be applied first to payment of the costs of management of the Property snd collection of rent�, includin�, but
<br /> notlicniG2d to, ru;eirer'a fees, i�:enziums on recci��er's honrl� anci 'rcasonnblc attorr.e�•'s fecs . :ind then to the �um�
<br /> � secttred by t►xis 1Llortgage: I�ender and tl�e receiver ,i�aii ��e iial:�ie to abcount only for ttiose rents actu.tlly received. �
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