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<br /> � not extend or postpone the� due date oi thc montlrly ins�ullments referred tv ii� pr�ragraphs 1 and '2 hereof or � �
<br /> chunge the amount ot such installuients.
<br /> 1D. Borrower Not Relecssed. Lxtension of tlie tiuie for ��c�.��ruent �r inodifieation of amortizafion of the sums
<br /> , secured qy tl�is Mortgage grantec9 by I.ender to any �ui.cessor in inierest. of 3orrower chall not bperate to release,
<br /> in ai±y matmer, ti�e liability oi tl�e original I3orro�cer and 13orro�rer'; niccessors iu inierest. I,ender shall not be
<br /> � reGuired to coinmence ��roceedii�gs against sucfi succ,essor m• retuse io exkend tin�e for payment or otlierwise modkfy
<br /> aniortization of t,he sums secured by tl�i� \Iortgage by reasou oi :iiiy demand m� de by the original Borrower and
<br /> $orrower's successors in interest.
<br /> ' ii. Forbearance by Lender Not a Waiver. Any forUearance by Lender in exercising any right or remedy
<br /> hereunder, or othertivise afforded by applicable ]a�v, shnll not l�e a �vaiver of or preclude t6e eaercise of any right
<br /> or remedy hereunder. The procuremen 't of insw�ance or the j�ayment of taxes or other liens or charges by Lender
<br /> +� shall not be a waiver of Lender 's right to accelerate tl�e maturity of the indebtedness secured by this Mortgage.
<br /> 'Cl' 12. Remedies Cumulative. AII i•eniedies I�rovidecl in thi, llortgage are distinct niid cumulative to any other
<br /> ' 1'` right or remedy under this \Iort.gage or fifforded lrb la��- cn• �quity; a��d msy be e�ercised r,onctirrently, independ-
<br /> lr: � entlyor successively.
<br /> � `.;• 13. Successors and Assigns Bound; Joint and Several Liability; Captions. ' The covenants and agreements
<br /> „r herein contained sl�all liind, and the rights hereunder �hall inure to , tlie restieetive successors and assigns of Lender
<br />� and Bor:o:aer, s°abjeet tq tlz� pra� �sions of , ;ar:igrapli 1i lieieof. �?1 covenanCs eind �ameiuent,s ef E��ri•ower sl�all �
<br /> � �e ;cint snd se�•e:a1. The captions and l�eaamg� of th� l7aragra��h, of this �Iortgage ares for convenience only ¢nd ` t :
<br /> t � are not to be used to inf,erpref or define t,t�e provisions hereot".
<br /> � 14. Notice. Any notiee to Borro�cer 7�rovided foi• in tlii� \Iortgage sh�ll be gi�•en by mniling �uch notice b,y
<br /> certified muil �tddressed to 33ori•on�er �tt tlie I'roperty :�i9dress stated belo�r , except for any notice required under
<br /> paragraph 18 hereof to be given to Borro�cc:r in tlie ru.annei• pi•escribed by applicable la��-. .4ny notice provided � '
<br /> for in this 14iortgage sliull be deemed to ha�•e becn gi��en to F3orro�+•er ���hen given in the manner desiguateci lierein.
<br /> 15. Uniform Mortgage; Governing Law; Severability. This form of iiiorfgage coinbines uniforrn covenants
<br /> for national use and non-uniform covenants �vith limited ��ariations by jurisdiction to constitute n uniform secu- ;
<br /> rity instrument covering real F>roperty. i'his \Iortgage shall be governed by the la�tiv of the jurisdiction in which � `
<br /> the Property is loca�ted. In thc event t.hat any provision m• clause o2 tt�is lZortgage or tl�e Note conflicts with
<br /> " appiicable law, such conflict shall not affect. otl�er pro�� isions of ttiis �lortgage or the Note which can be given G
<br /> ' effect without the conHicting provision , and to i6is end the provisions ot the Jlortgage anci the Note are declared ; ,
<br /> 1 to be severable.
<br /> ; 16. Bonowez's Copy. Borrower shall be furnisl�ed n conformed copy of this NIortgage at the time of execu- �
<br /> tion or after recordation hereoi.
<br /> i 17. 3'r�sfer oi the Property; l�ssumption. lf all or any t>art of the Property or an interest therein is sold �
<br /> or transferred by Borrower without Lender's prim• written consent, excluding ( a) thc creation of a lien or encum-
<br /> brance subordinate to this Mortgage, ( b) the creation of a purchase money security interest for household appli- '
<br /> ' ances, (c) a transfer by devise, descent or by operation of la��• upon the death of a joint tenant or (d ) the.grant of
<br /> any 2easehold interest of three years or Iess not containing an option to purchase, I.ender may; at Lender's option,
<br /> � declare all the sums secured by this �7ortgage to be iimnediately clue and payablc. Lender shall ha��e waived such i
<br /> option to uccelerate if, prior io tl�e sale oi• transfer; Lender and tl�e person to «•liom the Property is to be sold or
<br /> transferred reach agreement in �vriting tliat tl�e credit of cuch person is satisfactory to Lender 1nd t4at the interest
<br /> payable on the sums secure3 by this :�lortgage shall be a,t sucl� ratc as Lender sl�all request. IF Lender has waived
<br /> the option to accelerate provided in this paragraplx 17 and if 73orrower's successor in interest l�as executed a writ-
<br /> ten assumption agreement accepted in �criting b,y Lendei•, Lender shall release Borro«�er from all obligations under
<br /> this Mortgage and the Note.
<br /> `' If Lender exereises sucli option to sccelerate; Lender shn11 :nsil 13orro�ver notice of acceleratioil in accordance
<br /> rvitl� F�aragraph 14 hemof. Sucli notice sha11 provide a period of not lecs tlian 30 da,ys from the date the notice is
<br /> mailed �vithin which Borro�ver inay pay the sucns declared duc. If }3ori•ower iails to psy such sums prior to the `
<br /> expiration of such period , Lende�• m�y, wit,hout furt.her notice or ftemund on B'orrower, invoke �ny remedies per-.
<br /> mitted by paragraph 18 hereof:
<br /> i�Tox-LJxrFoicM CovExn�.Ts. Borrowei� and Lender furtl�er caveiiant and anree as follows :
<br /> 18. Acceleration; Remedies. �xcept as �n�o�' icted in � �aragra� di 17 l �ereoi, u��ou Borrower', bre�ch of any�
<br /> covenant or agreement of Borrow•er in tliis �3ort�xge, inc:luciing ihc covenants to pay �chen due an,y sums secured
<br /> by this \lortgage, Lencicr l�rior to accele�ation �liall � n.til noticc to I3orro���ei• as � �ro�•ided iii paragraph 14 l�ereof �
<br /> specifying: � (1 ) the breseh ; �( 2 ) the action requia•ed t� curc �such hreacli ; � 3) a dat�*; � not� less tlian thirty days � � � � � �
<br /> Irom the date thc notice is u�ailed to I3orro�rer, b�• ��� 6ich siicl � b�racl� iiiust be cured ; and i41 that faituro to cure
<br /> such breach on or betore tLe date specified in thc noticc roay result in acceleration af tl�e sums secured by this
<br /> '�lortgage and sale of the Properiy. If thc kare2d� is not cured or oi• before tlie daCe �pecificcl in the notice, Lencler
<br /> nt Lender's option uzay declare t�ll of ihe Suins secured by this �-Sortgagc to be irninediately due and puyable
<br /> without further demand and may foreclosc tliis \tortgage by � udicial proceeding. Lender sliall bc entitled to collect
<br /> in such �roceeding all expenses of forcclosure , inclu�ling, but not liiiiited to, costs of clocuu7entary evidence,
<br /> abstracts and title reports.
<br /> 19. Boaower's Right to Reinstate. i�Tot�+�it.hstanding I.endei'� acceleration ot the ,umc secured Uy this
<br /> Mortgage, Borrower shall have the right to have any �iroceedings begun tiy I,ender io eaforcc this i�Sortga�e dis-
<br /> continued at any time prior to entry of a judgment enfo�cing thi� Jiortgage if : 1a ) Borrower r�ays I,ender all -
<br /> sums which would be then clue under this �Icrtgai�;e, Uic '_Vote anci notes sectiring I�uture rldvsnces, if any, ht�d no
<br /> acceleraiion occurred ; ( b ) Borrower r,ure� alt breache� �f any otller co�-enants or a�reements of i3orrower con-
<br /> tained in this Mortga�e ; (c) Borrower pays ull rensonable ex��enses incurred by T.ender iii enforcing ti�e covenants
<br /> and agreements of Borro�aer contained in this _llortguge �ind in enfo� cing I,endr.r:5 remedies as provided in para-
<br /> graph 18 hereof, inoluding, but not limited to, reason:sble attorney'= teea ; and tcll Borrowcr takes such action as }
<br /> Lender may reasonably require to assure that the Iien of tl�is 1lortgage. Lender's interest in fhe Property and � ..
<br /> Borrower's obligation to pay the sums secure<i b,y th�s �Iortgage ;l� xll continue unimpaired. iJpon such payment �� 's;j , , „ �� �° "
<br /> and cuTe by Borrower, this '�4ortgage and tl�e obligat�on. sesured lierebp shsll re�nain in full force snd e.ffect as if p�, '� � ,
<br /> no acceleration had occurred. u �,���, '
<br /> L Z0. Asaignment o! Reats, Appointment of Receavar; Lender in Possession. ' As additional security Itere- , �� ��
<br /> under, Bormwer hereby assigns to I,ender titie rent.s of the Property. ��rovided tlxat Borro«•er shall , prior to acceler- '�;-,
<br /> ation under paragraph i8 hereof or absndonment of the Property, huve the t•ight to collect and retain such rents '`' ' �"
<br /> sa they becrnne due and Paqable:
<br />� Upon acceleration under pxrngrapfi 18 her�of r�r al7andontnent of the YroF�ert�� , ),ender, in ? +error. , bti� ager_t
<br /> or by judicialty appointed receiver shall t�e entitled to enter upon, take poSsession of und man�ge the Property
<br />� and to collect tlie rents of f,he Property, including those ��ast due: All rent: collecte�j by T,ender or t.he receiver
<br /> aha31 be applied first to payment of the costs of manaKement of the Property ancl collection of renCs, includin�, but
<br /> not limited to, receiver's fees , premium� on receiver's Uon�3s and reasonable attorney's fee" and then to the swns
<br /> � . secured by this Mortgage. Lender and the receiver shull Ue tiable to accotmt onlv for tho�c mnts actuall�� rccei�-ed . I
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