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<br /> not extend or'��ost.pon� the due da,tc �f tkic montl� ly instnllments reierred to in paragraphs l � and 2 hereof or
<br /> ehun�e the amo�at oi such ins�alline��ts:
<br /> 10. Borrower Not Released. . �xtension of thc iime for � �ayn�ent or rnodificatiou of arnortiaation of the sums
<br /> secured by this 'Vlortgmge granted by I.endei• to any sLiccessor in incerest of $orrower shall not operate to release,
<br /> in any manner, tke lia6illty of t.Le original Borrower 3nd Borrower'. 'successors in intereat. Lender shall nob be
<br /> required to commence j�rooeeciings againsbsuclr siiccessor or refuse Eo extend time for payment or otherivise modify
<br /> � amortization of the sums seeured by tLis \Tortgage by reasou of :tiny decnaiid �naade by the original Borrower and
<br /> ? Borrower's suecessors in interest:
<br /> + >12. Forbear�ce by Lender Not a Waiver. `Auy forbearance by Lender in exercising any right or remedy'
<br /> heieunder, or other�vise afforded by applicable la��� , shall nub l�e a waiver of or pi•eclude the exercise of any right
<br /> or remedy tiereunder. The procurement bf insurance m• tl�e paymeni oF iaxes or otiier iiena oc• chr�rges by Lender
<br /> - shall not be a }yaiver of Lender's righE to accelerate tl�e maturity of the indebtedness secured by this Mort�age.
<br /> i 12: Remedies Cumulative. ' All reinedies pcovi�ied in this Mortga�e are ciistiiict and cumulat3ve to any other
<br /> i right or remedy under this �fortgage or afforded b3� la�v or equity, and ma}- be exercised concurrently, independ-
<br /> CCs ently br successively.
<br /> i �,;; 13. Successors and Assigns Bound; Joint and Seyeral Liability; Captions. The covenants and agreements
<br /> : �,: ;: herein contained shall bind, and the rights I�ereunder ahall inui•e to; the respective successors and assigns of Lende�•
<br /> ! �„--a and $orrower; `subject to the provisions of pacagr:�pl� 17 hereof: All covenants and agreetnents of Borrower shall
<br /> � be joint and severaL The cflptions nnd headings of tl�e paTagrapli� of this \ tortg�gc are for convenience only and ' '
<br /> y -� are not'to be used to interpret or define the provisions hereof.
<br /> ? � 14. Notice. Any notice to I3oi•rower provided for in `it�is \lortgagc slialt he given by m:�iling such notice by
<br /> , � certified mt�il addressed to 13orrowcr at tl�e Pro�mrty Addre�s st��ted belw�� , except ior an,y notice required under
<br /> r P�. paragruph' 18 1?ereof to be given to Borro«�er in tl�c manner j�resc�•ibed by app]icaUle lam- . Any notice provided
<br /> for in thi� il4ortgage shall br deemed to have been givicen to Borro�+�er ���t�rn gi ��c:n in ihe manner uesignatec3 hereix;:
<br /> � 15. Uniform Mortgage; Goveming Law; Severability. This forin of mortgage combines uniform covenants !
<br /> for national use and non-uniform covenants �vitl� limited vr�riations by jui•isdiction fo constitute a uniform secu-
<br /> ' rity instrument covering real pro��erty. This \Tortgage shall be governed hy the latij� of the jurisdiction in whieh
<br /> ; tl�e Property is located . In the event tl�at any provision or clause of this lIortgage or t}�c Note confiicts with ;` ,
<br /> applicable law, such conflict shall not affect otlier proeisions of this �lortgage or the Note whicIi can be given
<br /> a effect without tGe conflicting provision, and to this end the ��rovisions of the 1lortgage and thc Note are declared
<br /> to be severable.
<br /> ' 16. Borrower's Copy. Borrower shall be furnisl�ed a caifornied copy of this �4m•tgage at the time of execu-
<br /> g tion orafter recordation hereof.
<br /> 4 17. Tzansfez of the Property; Assumption. If ali or any pai•t of tlie Property or an interest therein is eold
<br /> , i or transferred by 'Borrower without Lender's prior written consent, excluding ( a ) the creation of a lien or encum-
<br /> ; brance suUordinate to tliis \Zortgage, (b ) the cre�tion of s purchsse money security interest for l�ousehold appii-
<br /> ; ances, (c) a transfer by devise, descent oi• by operation of ]a�v upon the death of a joint t,enant or (d ) tlze, grant of
<br /> ' � any Ieasehold interest of three years or less not containing an optiuii to purcl�ase, Lender may, at Lender's option,
<br /> s declase all the sums secured by this 1Viorigage to be inunediaLely due and F�a,ya,ble. Lender sl�all hssve waived such
<br /> j option to accelerate if, pria� to the sale ortranster, Lender aud tl�e person to whom the Property is to be sold or
<br /> � transferred reacl� agreeinent in �vziting tl�at tfie credit of such person is satisfactory to Lender and tl�at the interest
<br /> r payable_on the sums sec:ured Uy this 1lortgage sl�a,ll be at sucli rate �s Lender s2i�t11 request. IF Lender has waived
<br /> the option to accelerate provided in this parugrapli 17 anci if 13orro�vei•'s successor in interest l�as executed a zvrit-
<br /> � ten assumption agreement accepted in �vriting by Lender, Lender shall i•elease Bori•ower froin all obligations under
<br /> � this Mortgage and the Note.
<br /> ; If Lender exercises such option to accelernte, Lender sh311 :nail Borrow•er notice of accelerntion in acc�rdance
<br /> " ; cvith paragraph 14 hereof. Sucli notice sl�all provide a period o £ not less than 30 days from the date tlie notice is
<br /> � mailed within whicli Borrower may pay the sums declared due. If Borro«�er fails to pay such sums prior to the
<br /> � expiration of such period, Lender may, without fuither notice or dematid on B'orro�ver, invokc any remedies per-
<br /> mitted by paragraph 18 hereof.
<br /> Nox-T.f*rzFox.nr CovExn�Ts. 13orrower and Lender furtlier covenant and a�ree as follo�es :
<br /> 18, Aceeleratioa; Remedies: I:xcepC as �>ro�-ided in paraigrnjili 17 liereof , u��on Borrower;s hrettch of any
<br /> ` covenant or agreement of Borro�ver in this 1-iortgtige, inclu<ling tlic covensnts to pay when iie�e any sums secured
<br /> ,' by this A1ort�age, I;ender l�rior to acceler:xtion ahall �n.Lil notice to E3orro��'er as � �rovide�9 in par.tgrapl� 14 I�emof
<br /> : specifying; ( 1 ) the breach ; (2 ) the action requir�d to cure sucli breacli ; f3 ) a datc, not less than thii�ty davs
<br /> ? from the date the noticc is u�ailed to 13on•o«�cr, b�• �chirL �uch breach must be cured ; and i41 that failurc ta cure
<br /> such breach on or before the date specified in thc notice in.iy resuit irr acceleraCion of the siun, secured by this
<br /> � Mortgage and sale of the Property. IS the breach is not cvred on or befoi•e thc date specifiec in tl�e notice, Lender
<br /> ' at Lender's option inay declare �ll uf the suuis secured b,y- tliis �'tortgagc to bc immcc4iatciy du:: ::nd pay3U:e
<br /> without further demand and inay foreclose this 3lortgage tr}• iudieial proceeding. I,ender sha31 be entitled to collect
<br /> { in such proceeding a11 expenses of foreclosure, including, but not limited to, costs of c4ocuinentary evidence ,
<br /> % absf,racts and title reports.
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<br /> 19. Bosower's Right to Reinstate. 1`ot�ritlistandirig Lendei•'s acceleration of tl�e �wus secured by this
<br /> � 1Vlortgage, Borrower shall hnve tl�e riglit to htt��e uhy proceedings begun I�y L��idei• to enforce Chis �4ortgage clis-
<br /> � continued at any time prior to entry of a judgment enfoxeing this \lortgage if : (tt ,l Borro�vcr �>as>s Lender all
<br /> , , sums which would be #hen due under this �Iortguge; the 'Qote and notc: securing I'ut.ure Adcances, if any, liad no
<br /> acceleration occurred ; ( b ) Borrower cure� all brenches of am- other co��rnants or agreements of Borron�er con-
<br /> tslne� in this !�lortgagC ; (C ) BOri'ower psys aL' �ca;unsblo etipen,es itii•u1're�i L� Lcu�ler in �tifurci�ig tLc co��eua�its
<br /> ' and agTeements of Bortower contained in this �Iortga;;c and in enforcing Lcndcr'ti remedies as pravidec! in paru-
<br /> ti " graph 18 hereof, including, but not limited to, reasonuble attornep 's fees : and fd ) Borrok�er takes such action as � `
<br /> �.ender znay reasonabiy requirc to assure that the lien of th�� \Iortgage, Lcuder's interest in the Property a�id
<br /> ; Sorrower's obligation to jiay the sums secured hythi; \1ort�; i�c sl�all continuc ucrirnpuii•ed. Upon such paymeiit 4 ; � ,�
<br /> `i and cure by Borrower, this Mortgage and the obli€atio�is .ecured hereb�� �hatill remain in full force and effect as if �� „�^
<br /> � no acceleration had occurred. : "'" Y�'�� '
<br /> 20. 'Asaigumeat ot Rents; Appointment of Receiver; Lender in Possessioa. As additional security here- � �'n�r�,
<br /> ' , � under, Borrower hereby assigns to`Lender tlie rents of the Pro}�erty , pro��ided that Borro«-er sliall , prior to scceler- d ` "
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<br /> 'ation under paragraph 18 hereof or abandonment of the Property; havi the right to collect and retain sucl� rents � � ;>
<br /> ; as they :become due nnd payable. `
<br /> � Upon aeceleration under paragraph 18 hereof m• nhandomnenr oi tlie Yroperty , Lender; in ��erson , by age.nt
<br /> � -:� �
<br /> ' ' or Ly jucliciaily uppuiuted receiver shall be entitled to enie2^ upon, tske �tosse�sion oi and si�anage the Yroperty V
<br /> ; and to coIleot the rents of tl�e Pro�aerty, inclu3ing ;those past due. All rents collected 1.�y Lender or the receieer
<br /> shall be applied first to payment of the costs of mansgement af the ProperL,y and collect�on o? rents, including, but.
<br /> nat limifed t�, nceiver's fees, premiums on mccit�c;'s bonds and reasonablc st,o:ncy's fecs, :iud thcn to tlie sum�
<br /> ' secured bq this Mortgage, Lender nnd the Teceiver c1is�! be tiahle to account only forthose rents actually recei�•ed . i
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