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<br /> not extend or post,pox�e tlie due date ot' the monthl� instnllments referred to in pyragruphs 1 and 2 hereof or
<br /> change the ' amount of siicli installn�ents.
<br /> 1D. Borrower Not Released. I:xtensioi� bf tlie ti�ue for pi�,}��uent. or modification of arnortization of the sums
<br /> secured by. this A�lortgage �r�,nted bV I.ender to, any successor in interest of Borrower sl�all not operate to Telease;
<br /> in any n�anner, the liability of tl�c origina] 13orro3ver :u�a I3orro�cer ', successors in interest. I,ender shall not be
<br /> required to commence pi•oceedings against sucli successor; oi• refuse to extend time for payment or otherwise modify
<br /> � ainortization of the sums secured Uy tl�is \Iortgage l7y reasoTi of any demand in:ide by tlie original Borrower' and '
<br /> `: Borrower's successors i�i interest. '
<br /> -31. Forbearance by' LenderNot a Waiverr Any forbearance by Lender in exercising any right or remedy
<br /> � liereunder, or otheitivise afforded by spplicable 7a�v , sl�all not be a waiver of or ��reclude the exercise of any righE
<br /> � ar,reniedy hereundeiti The procui•ement of insurance or the paytnent of taxes or other liens or charges Uy Lender
<br /> � shall not be a waiver of Lender's right to acceIerate the maturity of the inde!>tedness secured t�yy this l�tortgage.
<br /> � 12. Remedies Cumulative. All reti�edies liro��ideci in this _l7ortgssge are distinct and cumulative to any` other
<br /> L, right or remedy under this \lortguge or t�ffordc<i 1�y la�c c�i ec�liii.y , ancl may� i�e exercised concurrently , independ-
<br /> ently or successively.
<br /> =—d 13. Successors and Assigas Bound: 7oint m�d Several Liability; Captions. The coventtnts and a�reennents
<br /> � herein contained shall bind , and tlie rights l�ereunder �tial] inui•c to ; tlic respectivc successors mind assigns of Lender
<br /> r"� and I3orrower, subject to the provisions of paragrapli 17 hereof. �,ll covenants and agreernents of 13orrowei shatl
<br /> � be �oin fli�d severaL The ca �tions and lieadin s of tl�e iara r.� �lis of tliis 1lort =a =e are tor convenience onl and
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<br /> are not to be used fo interpret or define tl�e provisions hereof.
<br /> 14. Notice. Any iiotice to Borro�vei• pin�•ided foi• in thi, Jloi•tga;;e �hall be given by mailing sueh notiee b��
<br /> ? certified uisil addressed to Ba•rower at the Yrorierty ?:ddres� .tated bclo�v , except for a��v notice required under
<br /> paragraph 18 hereof to be givcn to Borrouer in tl�e inanncr � �rescri6ed I�3� ap��licable luw. �ny notice provided '
<br /> for in this lSortgage shall be deemed to ]ia�-c becu �;iven to ]3oi•rower ��•lien given in the manner designated k�erein.
<br /> 15. Unilorm Mortgage; Goveming Law; Severability. 1'hiu form of mort.gage caubines uniform cot'enants
<br /> for national use and non-unifarm covenants with limiied �•ariations by jurisdiction to constitute a uniform seou-
<br /> rity instrun�ent covering real property. Tttis \Iortgage shall be governed uy the law of the jurisdiction in which
<br /> tl�e Property is located. Irr tl�e event that any provision or clause of this Mortgage m• the ATote conflicts with
<br /> applicable law, such conflict shail not affect otl�er provisions of this �Iortgage or the Note which can be given
<br /> effect without ti�e conflicting provision , and to this end tlie pi•ovisions of the �lortgage and the Note are declared
<br /> tobe severable.
<br /> 16. Borrower's Copp. ' Borrower shall be furnished a contormed co}.iy of this D4ortgage at the time of execu-
<br /> tion or after recordation hereof.
<br /> 'r 17. Tr<msfer af the Property; Assumption. If all or any r�art of the Property or an interest therein is sold
<br /> br transferred by Borrower without Lender's prior �vritten consent , excluding (a ) the creation of a lien or encum-
<br /> f brance subordinate to this l4ortgage, ( b ) thc creation of a ��urchase moncy security interest for household appli-
<br /> ances, ( e) a transfer by devise, descent or by operat.ion of l :��v upon the death of a joint tenant or (d ) the grant of
<br /> any leasel�old interest of three years or less not containing au oj.�tiai to purcl�ase, Lender may , at Lender's option,
<br /> declare all the sums secured by this Mortgage to be i�mnediately duc und paqable. Lender sl�all have �c�sived such
<br /> option to accelerate if, prior to tlie sale or transfer, Lender and tl�e ��erson YO �V�10117 the Property is to be sold or
<br /> Uransferred reacl� agreement in �vrit.ing tl�at tlie credit of sucL i�exson is satisSactory to Lender and that the interest
<br /> payable on the sums secured by this D4ortgage shal] be a 't sucli ratc as I.ender shall request. Ii Lender has waived
<br /> the option to accelerateprovided in this paragiap3i 17 and if Borrower's successor in interest has executed a writ-
<br /> ten assumption agreement accepted in �vriting by Lender, Lender shall release Boa•rower irom all obligations under
<br /> this Mortgage and the Note.
<br /> � If Lender exercisea sucli option to uccelerate, Lender sh�.11 anuil I3orirower notice oi sscceleration iu accordance
<br /> ' �vith paragraph 14 hereof. Such notice sl�:�ll pro��ide a period of not less tliau 30 �ays from the date the notice is
<br /> mailed �vitl�in which Boriower inay pay tlie sums declared duc . If Borro�c•er fails to pay sucl� sums prior to the
<br /> expiration of such period , Lender may, �vitlwut Surthei• potice or detussnd on I3�orro�ver, invoke any remedies per-
<br /> mitted by paragraph 1811ereoF.
<br /> \Tox-LTxiFofins CovFNn*:Ts. Bori�o�cei• and I.endei• furti�er coveiiant and a�;ree as follo�vs :
<br /> 18. Acceleratian; Remedies. L�cri�t a� pro�•ided in � �ui•ssgra� ih 17 hereof, ulyon F3orrawer'a breacl� of any -
<br /> covenant or agreemenfi, of BorroH•er iti tl�i� \foi•t�;tige , inrluding tLc covenante to ��ay «�lien duc: zny su�ns :.ecured
<br /> by' tl�is 1lortgage, Lender �vior io scccleration shall mail nUticc t.o F3orrosrcr �� �n•u�-ided in paragraph 14 hereof
<br /> speeifying : ( 1 ) the breach ; (21 thc action required to cure �uch brcsscl� ; 131 :3 date , not. less tl�an t.hirt�• days
<br /> 1'rorn the date the noticc i� waile<j to I3vrron•cr, br �chich =ur1 � hrc�i•1i uiust be c�nrd ; and 141 that fziilwr ta cure
<br /> such breach on or Uefore the date s�.�ecified in tlic notice inuy result in ssccelera[ io❑ of the sums secured by this
<br /> :�fort�;age and sale of the Yropert,y. If the breaich is not caired on or before the date specified in t6c notice, Lender
<br /> at Lender's option may declarc flll of the swns secui•ed by this �fort.gage to be imcnediately clue nnd payable
<br /> s without further deniand snd may foreclose this �lortgagc by ) u<iicia] pi•occeding. Le�der sliall be entitled to collect
<br /> in such proceeding all expenses oi foreclnsui•c, inrl �ding, b�ii not liu�ited to , costs of docu�iientar,y evidence,
<br /> abstracts and title reports.
<br /> ;; 19. Borrower'g Right to Reinstate. Not«�itl»tanding Lender'� eicceleration ot the sume secured Uy this `
<br /> Mortgage, Borrower shall have the right to ]Tave sny ��roceedings begun by J,endcr to enSorce thi� \1ort�;age dis-
<br /> continued at any time prior to entry of a juiiginent enfoTcin�; tl�i. '�Iortgage if : ( a1 I3orro�+-er ��ays I.ender sll
<br /> sumt� which would Ue theii due under this 11uri.�;�i�e, tLc Note and not.es secui•in� Future Acivssnces , if any, had i�o
<br /> accelerstion occurred ; ( b? Borrewer cure� ail l,reacl� o= of sm• other co��enants or anreen�ent � �,f Borrower con-
<br /> tained in thie Mortgage; ( eJ Borrower pa�s all reason� ble ex��enses incurred ny T,ender in enforcing the covenants
<br /> and agreements oi Borrower contained in this \Qortgage and iu enforcing I.ender's re�nedies as provided in para-
<br /> gtaph 18 hereof, inclu�ing, but not limited to, rea�onsble attorne��'� fce� ; and tdl I3orrower tnkes such 3etion ns w
<br /> Lender may'reasonably require to assure that the lien of th�� \Iortgsge, Lendei's inierest in the Property and
<br /> . Borrower's obligation to pay the sums secured My this \4ortga�;u �hall continue unimpxired. Upon such 'paynient _., -• {,� , �-
<br /> ;' and: cure by Borrower, this Mortgage and the obligations securec9 hereby- sli�il re,3zain ir: lull £v.•ce anil effect ae if ,� « . " �;:-
<br /> no aceeIeration had oecurred. y' �. �`��.
<br /> 20. Assigs�neat of Reats; Appointxueat of . Heceiver; Lender in Possession. As additional security here- r;��`°, '
<br /> � under, B�orrow•erhereby assigns to Lender t3ae rents of the ProF�ert �� , prov�ded that Borrotver sliall , pi•ior to acceler- 5� � '
<br /> ation under paragraph I8 hereof or abandonment ot' t,he Property; have the right to collect and retain such rent,s '�' ��'
<br />� as bfaey oesome ciue and payable. _
<br /> Upon acceleration un3er I�aragrapli 18 hcrooi or ahandonment of thc Yropert�• , Lcndcr, in 3� crson , b}� wscnt , "
<br /> ar by juriicislly appointed receiver shall be entitled to enter upon , takc possession of and manage ttie Propert.y �'�'
<br /> and to collect the renis of the Fro�,erty; ;noiadin� tr.osc rast due. AIi ren?� r�llected by Lender or the receiver
<br /> - FhalCbe -applierl first to Payment of the costr> of mana�ement of the Propertv and collection of rents , includin�. but
<br /> not limited tn, receiver's fees, premiums on receiver's bonds and reasonat.�le attorney's fees . atind ttzen to the sums
<br /> � - secured by this Mortgage. I:ender and the recei��er st�a31 he 7fahie to accoimt onh- for those rents actunlh� reccived. �
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