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<br /> not extei�d m• �;��stpoi�e t.he due date o1: the :nonthl}• instnllments re(erred ta in paragraphs , l and 2 hereof or
<br /> ehange'the amount of sucii installments.
<br /> ` ' 10. Borrower Not Released. I:xtension of tl�e ti�nc Por �1s��iuent or rnodification of amortization of the sums
<br /> secured by this 14ortgnge 'gr�,cxted by Lender to any �nccessor in iuterest of Borro��•er sl�all not operate to release,
<br /> in any manner, tkie ]iability of the original Borrower a�zd I3orro�cer'� successors in interest. I.ender shall not be
<br /> r required to commence jnoceedings against suc}i successor or refuse to extevd tiine for paynient or otherwise modify
<br /> ' ! amortization of the sums secured hy this �fortgage b�� ,i•easou of im,v �iemanci made by the original Borrotiver and
<br /> Borrower's successors in interest.
<br /> � � 11. Forbear�ce` by Lender Not a -Waiver. Any forbearaiice Uy Lender in exercising any right or' remedy
<br /> y � hereunder, or ptherwise afforded by applicable law, sl�all not be a wai-rer of or preclude tl�e exercise of any right
<br /> t.� oT remedy l�ereunde;•: The procurement of insurance or t.l�e I��ytnent of taxes or other liens or charges by Lender
<br /> ; 4,� shall not be a waiver'of Lende;'s riglit to accelerate the maturity of the indebtedness secured by this Mortgage. -
<br /> ; : 12. Remedies Cumulative. All remedies ��rovided in tliis \Zortgage are distinct and cumt�lative to any other
<br /> ` f `� right or remedy under this \Ioi�tgage or afforded by la«� or ei�uic,y; and may be exercised concurrently, independ-
<br /> ; ently or successively:
<br /> i � 13. Successors and Assigns Bound; Joint and Sevezal Liability; Captions. T6e covenztnts a»d agreements
<br /> ; herein contained shaitbind, �ind the i-ights l�erew�der sl�all inurc to, t,he res��ective successors and assigns of Lender
<br /> P1 and I3orro�ver;'su6ject #o tl�e provisions of paragraph 17 l�ereof. eUl covenants ancl agreements of I3orrower shall
<br /> be joint und severul. The caritions and lieadings of the paragrnphs of this 1lortgage are for com�enience only and
<br /> ure not to be used to interpret ot• define the provisions liei•eof.
<br /> � i 14. Notiee. Any notic,e, to Borro�ver liro��ided foi� in tliis �Iortgage shall be given bV tnailing sucl� notice by
<br /> certified-mail addressed to Burron•er st the Yropert:y Address stated bclo�a , e�ce��t. [or any notice required under
<br /> ; paragraph 18 liereof to bc given to Borro���er in tlic manncr prescribed by ap�ilica6le la�r. Any notice pro��ided
<br /> � forin this �3ortgage whall be deemed to have been gi��en to l3orrower �a•hen given in the �nanner designated herein.
<br /> 15. Uaifozm Moztgage; Governing Law; Severability. 'I'l�is form of mortgage combines uniform covenants
<br /> � for national use and non-uniform covenants �vith limitect vari�tions by jurisdiction to constitute a uniform secu-
<br /> ; rity instruinent covering real property. This \Tortgage sha�ll bc governeci by the larv of the jurisdietion in �vhich
<br /> the Property is located. In the event tl�at :a,ny provision or clausc of this J3ortgage or the Notc conflicts with
<br /> applicable law, such conflict shall not affect other provisions of this �Iortgage or the Note which can be given
<br /> effect without the conflicting provision, and to this end tl�e provisions of the lZortgage and the Note are declared
<br /> � to be severable.
<br /> 16. Borrower"s Copy. Borrower shall be furnished n conformed copy of tl�is �4ortgage at the time of execu-
<br /> ; tion or after recordation hereof.
<br /> 17. Transfer of the Property; Assumption. If all or any part of the Property or an interest therein is aold
<br /> or transferred by Borrower witliout Lender's prior written cunsent, excluding ( a ) the creation of a lien or encum-
<br /> ' brance subordinate to this l�fortgage, ( b ) the crcation ot a purchase money security interest forJiousehold appli-
<br /> ances, {c) a transfer by devise, descent or b,y operation of l :��c upon the death of a joint tenant or (d) the. grant of
<br /> any leasehold interest of three years or less not containing an option io ��urchase, Lender may; at Lender's option,
<br /> declare all the smns secured by this Mortgage to bc iimuediiit�ly due and payable. Lender sliall have waiqed such
<br /> option to accelerate if, prior to the sale or transfer, Lender and the person to �vhom the Proper<.y is to be sold or
<br /> transferred rescl� agreeinent in tivriting tl�at the credit of such person is satisFactory to Lender �,nd that t.he interest
<br /> � payable on the sums secured by this il4ortgage sl�all be at sucl� rate as Lender sl�ali request. If I.ender has wsived
<br /> a i the option to accelerate provided in t.his paragra}zh ] 7 and if Borro�ver's successor in interest has executed a writ-
<br /> ; ten assumption agreement �ccepted in writing by Lendei•, Lender ehnli release Borrower from sll obligations under
<br /> this Mortgage and the 1�Tote.
<br /> If Lender exercises sucli option to accelerate, Lender shull mail Ba•rower notice of acceleration in accordance
<br /> witl� paragraph 14 hereof. SUch notice sliall provide a period oi noG less thun 30 days from the date the notice is
<br /> inailed tir•it}�in wliich Borrower may ��ay tl�e sums declared due. If' Borrower fails to ptLy such sums prior to the
<br /> '� expiration of suoh period; Lender tnay, withou+ furt.her notice or demand on I3orrower, invoke any remedies per-
<br /> mitted by paragraph 18 hereof.
<br /> Nox-Uxieoa.ni CovExnxTs. Boi•i•uwer und I.endei• furtlier covenant and ag•i•ee as follo���s :
<br /> 18. Acceleration; Remedies. Exce��t as pro�•ided in � >aragriq �l � 17 Lcreof, upon ]3orrower's breach of any
<br /> covenant or agreement oP Borron�er in this �Iort�i�ge, including tlic covenants to pay ti�hen due any sums secured
<br /> by this 1lortgage, Lender ��rior to aeceleration �I�all �nnil notiae to Borro`rer as �uovidcd in paragraph 14 hereof
<br /> ; specifying : ( 1 ) the Ureach ; (2 ) ti�e nction required tq cure suci� breach ; 13) ci datc, not less tlian thirt,y days
<br /> ( fronrthe date the notice is mailed to 13orro�ver, by- �cliicL sucli breadi wust be eured ; and ( �! 1 that failure to cure
<br /> ' such breach on or before tl�e date specified in t. he notice inay result in acceleratioii of thc suuis secured by this
<br /> Mortg�gc and ssle of the Property . If the breacl� is not cur«,� �Il or befoix the dute specified in tlic notice, Lender
<br /> at Lender's option inay declare all of thc sums seciu•ed by this \Zortgage to be immediately due and pnyable
<br /> without further demand and may foreclose this �lortgage by ,iudicial proceecling, Lender shall be eniitled to collect
<br /> in such proceeding all expenses of (oreclosure, inclu� ling, but not limited to, costs of documentary evidence,
<br /> abstracts and title reports.
<br /> ; 19. Borrowers Right to Reinstate. .1`otwithstanding I,ender'a acceleration of the swns secured by this
<br /> Mortgage, Borrower shall have the right to have an,y proceedings begwi by Lender to enfome this Mortgage dis-
<br /> continued at any time prior to entry of a judgment enfokcing this �Sortgage it : ( a ) Borrower pays Lender all
<br /> sums which would be then due under thic �Iort�agc, t }m Note nnd notes securing F'uturc Advxnce�, if any, had no
<br /> a acceleration occurred ; ( i�') Borrower curer zxll breuches of aiiv other co�•cn;�nts or a�;ree�nents of Borrower con- .
<br /> tained in this -vlortgage ; (c) Borrower pays ull reas�na�le e�penses incurred b�• I,ender in enforcing the covenants
<br /> and agreements of Borrower contained in t.his liortg.ige und iu enfoi•cin� Lender's retnedies :is provided in para-
<br /> graph 18 hereof; including, but not lirnited to, reasonxUle uftorney 's fee. ; and Id ) I3orrower takes such actioci as e
<br /> � Lender may reasonably require to assure that the lien of th�a \lortgage, Lender's inierest in tlie Property und � ,w�
<br /> i Borrower's obligation to pay the sums secured by this �4ortga�e shall continue uninrpaired. Upon sucti r>ayment + '.
<br /> f and cure by Burrower, this Mortgage and t2�c obligutiai� secured liereby shafl rcrnain in fuil So�•ce and effect as if �r�� �,'�"�` '
<br /> ' " no acceleration had occurred. ,� ,
<br /> 1t 20. Asaigament of Rents; Appointment of Receiver; Lender in Possession. As �,dditionnl security liere- ���ru�'�;r
<br /> ? under, Sorrower hereby assigns to Lender thesents of tlie PiopeiTp ; pro��ided that. Borro��•er shall, �rior to acceler ��
<br /> ` ation under paragraph '18 hereof or absndonment of the Property ; ha��c thc right to collect and retain such rents � � � "_"
<br /> ` ; as they become due and payable: � ! � �
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<br />� ' ` Upon acceleration 'under para�ra�iB "18 Lereof or ahandonment of the Yro4�ertp , Lender. in �ierhota, by agent - : ,
<br /> ; or by judicially appoiuted reeeiver slzall be entitled to enter upon , tnke Possessioii o5 und �uana�e the Yroperty -
<br /> x snd to collect the rents pf the Property, icjcluding those psst due. All rents collected by I.ender or t.he receiver �
<br /> shall be applied first to payment of tl�e costs of inana�e�nent of the Property and collection of rents , including, but
<br /> not lim3ted to, receiver's tees, premiurnc �n rcceiver's bonci� and reasonnble attorney'c fees . f�nd theu to the sums
<br />�� � secured by this hiortgage. Lender and t.he receiver stinll he ) iz�hte to ;�ecount onl� for Chose rents actunlly received . f
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