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<br /> noG exteiid or postpone tf�e due dat.e oi t��e inontlily' inst:illme�rt� refei•recl to iii paragraplis ] and 'l hereof or
<br /> cl�ange tlie amount of suc1� instalLnents.
<br /> ` 10. Bozrower Not Released. Extensioi� of the tiiuc± for i�aytne�it or inodification oi amortization of ttie sums
<br /> secured ,i�y this llortigage grsnted by I,ender to any �uccessor in intereet of Borrower sl�all not .oper�te to release ,
<br /> in .�ny maniier, the link»lity oP the origi�ual I3orro��•er and Borro« er'� successors in interest. I..ender shall not be
<br /> '' required to commence proceeciings against �ucli successor or refuse to extend tin}e for payment or otherwise inodify
<br /> ramortization of the sums secured by this \ lortgage lay reason oi uu}• dem;�nd made }�y tlae original Borro�vei• and
<br /> Borxower's suecessors in interest.
<br /> 11. Forbearance by LendeY Not a Waiver. �iiy foibearance by Lender in exercising any right or remedy :
<br /> : 1,i heTeunder, or otiier�vise afforded by al5plicable lu�c; sl�all not be a lyaiver of or ��reclude tlle exercise of any right
<br /> � or remedy hereunder. Tlie I�rocw•ement of insurance or tl�e � »ymenb of taxes or other liens or charges by Lender
<br /> i ,I>- shall not be a waiver of Lender's rigllt to accelerate tlie iYiatui•ity of tl�e indebtedness secured f�y this b�fortgage,
<br /> ci � 12. Remedies Cumulative. Alt reinedies grovided i�� tl� is _llartgsge are distinct and cuxnulativc to sny other
<br /> 7 � right oc re�nedy under tliis llortge;�;e or affm•ded by la��• or equity, :�iid rna,y� bc exereised concucrently, independ-
<br /> „�� ently or successively.
<br /> 13. Suecessors;mid Assigas Bound; Jaint and Several Liability: Captions. Tlie covenxnts and agreements
<br /> _ � herein contsined shall bi�id ; and the rights liei•eunder stiali inure to , tfie respective successors :iud assigns oF Lender
<br /> ? � and Borrou�er, subject to the provisions ot paragrspl� 17 l�ereoi . �.l ] ca��enauts unil sgrecments of 13orrower sha11
<br /> , h be joint and several . The capt.ioiis e�nd Le,�tdinga ot tl�e ��aiagrxiph. of tliis \ Iortga�e are foi� con ��enience only and
<br /> �,re nct t� ba useu tc� interpret �r ciefle�� tf�c �;r•u�•ision� liereoi.
<br /> 14. Notice. tlny notice to Borro�ver pio�•ided 4'or in tl�i. \ lortgage sl�ull bc gi��en 6y� anailing sucl� notic.e hy�
<br /> certified ma.il 3ddressed to Borro�ti�er at the Propert�� Addres5 stated bclon• , excepi for uny notice required under
<br /> paragraph 18 hereof to Ue given to Borro�rcr in tl�e �nanner in•escribecl by :ai���lic.tble l�tw. Any notice provided
<br /> tor3n this :1lprtgage .hu11 bc� deefued to l�avc been given to Borro�•'�i• ���I�e�i given in t.he miinner designitted herein.
<br /> ; 15. Uniform Mortgage; Governing Law; Severability. '1'his form of niortgage combines uniform covenants
<br /> for national usc and non-uniform covenants witli limite<l �•ariations by jurisdiction to constitute a uniform secu-
<br /> rity instrument covering real propert,y-. Thzs \Ioi•tgsge shall be govci•ned by the la��� of the jurisdiction in which
<br /> the Property is located. In the event that any provision or clause of this �.l'Iortgage or the iVotc conflicts with
<br /> applicable law, suclz eonflict shall not af�ect otl�er pro��isions of tliis Jlortgage or the ATote �vhich can be given
<br /> effect without the conflicting F�rovision , and to this end t.he provisions oS the \itirtgage and the T_dote are declared
<br /> to be severabte.
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<br /> 16. Borrowei s Copy. l3orrower shall be furnished a conformed cop,y of this '�Iortgtage at the time of execu-
<br /> tion or after recordation hereof.
<br /> 17. Transfez of the Property; Assumption. If all or any part. of tl�e Property or an iuterest therein is sold
<br /> ortransferred by Borrower �vithout Lender's prior written cunsent, excluding ( a) the ereation of a lien or encum-
<br /> brance suUordinate to this A4ortgage, ( bl thc creation of �i purchase moncy security interest for household appli-
<br /> ances, (c ) a transfer by devise; descent or by ol>eration ot la��� iipun tlie death of a joint t.ennnt or (d ) the, grant of
<br /> any leasehold interest of three yesr� or ]ess not containing an option to purchase, Lender m�y, at. Lender's option ,
<br /> declare all the sums secured by this Mortgage to be iininediately ciue and payable. Lender shall have �vaived such
<br /> option to accelerate af, prior to tl�e sale or ta•� nsfer, I,ender snd the 2>erson to tvho�n tlie Property is to be sold or
<br /> transferred reach agreement in writin�; that t.he credit oi sucP� l�erson is satisfactm�y to Lender snd t.hat the interest
<br /> payable on the sums sei;ured by this Alortgage sliall be at sucl� rate as Lender sl�all request. If I.ender has waived
<br /> t1�e option to acceler�ste provi3ed in this par.xgraph 17 and if Borro�ver 's successor in interest has executed a writ-
<br /> ten assumption agreeinent accepted in �vriting by Lender, Lender shall release Borrower from all obligations under
<br /> this Mortgage and the Note. _
<br /> � If Lender exercises sucli option to accelerzte, Lender shall ±nail Boi•rower notice of acceleration in accordance
<br /> witli �aragraph 14 hereof. Sucli notice shiill provide ia period of not less tl�an 30 days fro�u the date the notice is
<br /> ine�iled �vithin ti�hich Borrower may p�y the sums declared due. If Borrower fails co pay sucl� sums prior to the
<br /> expiration of such period, Lender inay ; «•itliout furchei• notice or cieivand on B'orrocver, ineok� any re�nedies per-
<br /> mitted by paragraph 18 hereof.
<br /> ti'qx-TT:ciFoitnz Covr:xw*. Ts. Bqi•i•o�ce �� a�id Lendei• f'ui•tlier co��enant and ahi'ee a � follo��-s :
<br /> i > 18. Aeceleration; Remedies. Lwcept �i� �sru�-ided in � �uragra� �h 17 hereol', upon 13orrowei• "s breueh of any
<br /> covenant or ttgreement of Borro�ser in ihis �lla•t�;a�;c , including tlre covenants to Iiny jrhen <9uc :xny sums secured
<br /> K � by �this,�i�fortgage, Lender I7rior to accelerution �fi�tll iriail notice t.o I3oi•ro�vci• �a� proti•idcd iu �aar•:�greil�l� 14 � liereof � �
<br /> ' specif3�ing : ( 1 ) the breuch ; ( 2 ) the nction rcyuirect to cure auch brcaxcli ; � 3 ) n date , not Iess zLan t6iz•ty days
<br /> Prom the daLe tlie notice isauiiiled to I3orroiscr. by ��-liich �ucl � I�i•c:i�l � ii�usti ba curc:d ; �nd (4 ) that, failure to cure
<br /> such k�resch on or before tl�e date specified in the noticc ruay result in riccelt:ration of tlse suin� ,ecured by tliis
<br /> :�Iortgage und sale of ihe Profzerty. IS thc breflcl� is not cuA•ed on or befoi•c tlie d�ic spceificd in the notice, Lender
<br /> at Lendei•'s option inay deelare ull of the snms securec� by thi� \lortgage to bc: inuner3iatcly due anci payable
<br /> w ithout further delnand and inay foreclo,c t 6i, \Iortga�;c b,y j udici :zl �>roceeding. Lender ;hall be entitled to collect
<br /> in such proceeding a,I] expenses of forcclosurc , inclu�ling, 1�ut, not li�iiiled to, co,ts of docmiientar}' evidence,
<br /> E abstracts and title reports.
<br /> fy. $onoweis R9ght to Reinstate. 1`otu•iilistandin�; Lendcr'a :�ccelerstion of the sums secured by this
<br /> Mortgage, Borrower shall have tl�c right to ha��e any proceedin�;s begun by Lender to enforce, this �fortgage dis
<br /> continued at any time prioz to entry of a jud�meni enforcin� thi; �Iorcgage if : �al Borroti�•er pxys Lender sll
<br /> sums which would bethen due under this �Iortgage , tlic tiote and notes securin; FLiture Ad��ance., if any, liad no
<br /> uccelerution occurred ; (b ) Burrower cures all breache� of anp ather co�•enants or a�reements of 13orrower con-
<br /> tained in thislYfortgage ; (c ) Borrower pssys all reusunable e�penscw incurred k>y ],ei�der in enfori•iiig the covenants
<br /> � and;agreements of Borrower coniained in this \-Jort�age and in et; forcing Lencler'; re�uedies as provided in para-
<br /> graph 18 hereof; ineluding, but not limited io, rea;onable uttorney '� iee� ; a�nd id ) I3orrower takes rucl� ssction as
<br /> L.ender may ,reasonably, ' require to sssure tY�at the lien -oS tdiis �I �rtguge, Lender'� interest in the Propert�� and z `
<br /> Borrower's obligation, to pay the sums secured by thi. 1lortga�e �hall continue unimpaired. Ilpon such payment � �.,,
<br /> ' and .cure byBorrower, this '��Iortguge 3nd ttze ouh�stions :ecured hereb�� :li.i11 reuiain in full fome and effeet as if ._ ` "c„ w
<br /> no aceeleration had occuned. `p" � ��I, �"
<br /> � , tk ' 20. Xsaignment of Rents; Appointment of Receiver; Lendez ia Possessiott. A, additional securit,y here- � ��w, .
<br /> „ ' under, Borrower hereby aseigns to Lender tl�e rents of the Pro��ert�� . provided tl�at Borro�i�er shall , prior to acceler- �,��`;��
<br /> sLion under parag;aph 18 hereof or xbandontnent of tfie Yroperty, Ycati•e the right to colleci and retain such rents E�,��""'
<br /> as t,hev become due snd pavable. "�
<br /> Upon acceleration under }>arsgTa}�l� 18 6ereoi or al�sndcinme�nt of the Yrofier6y . Lender, in t �e�xon , by agent
<br /> or 'by judicially appointed receiver sht�ll be ent'atled to enter upon , iake �ios�ession of snd msnage the Property y;�
<br /> and to collec£ the rents of the Property, includin� thoee past due: ,ali re�its colleet��ei hy Lender or ti�e receiver
<br /> ; shallbe applied firs£ to payment of the cnsts of management of t.l�e Yropert�� and collcction of rents, including , but -
<br /> nat limiteci to, m�eaver'E feee, ;?remiums on =ece:ver's bqa<i4 sr.d :easonabie attorney 's fees, ar.c! then to the .;ums
<br /> seeured by this Mortgage: Lender and the recei�•er shali be liublc to aceount onh� for ihosc rents actually received.
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