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<br /> not extend oi• postpone ilie due da,te of the montl�ly in;i :zllznents refer:ed to in paragraphs 1 and 2 hereof or
<br /> ehange the amounE of sucli i�istallme*�ts
<br /> 10. Bozrower Not Released. Extensiun of tl�e titne for pa���uent or inodificat.ion of arnortizaCion of the sums
<br /> secured by tfiis VTort.gage granted by I.eiicier to zny successm• in intere.st of Borro�ver shall not -operate to reiease,
<br /> in any munner, the liability of tl�e original Borrower and ]3orro�ser's successors in interest. Lender shall not be
<br /> � required to commence i�roceedings against such suceessor or refuse to extend time for payment or otl�erwise modify
<br /> atnortizution of the sunis secured by tl�is \Iortgage l�y reason of uny demand rnade by tlre original Borro>ver and
<br /> + Borrower's successors in interest:
<br /> � 11 . Forbearance by Lender Not a Waivez. ' Any forbear�nce by Lender in ezercising any right or remedy
<br /> ; tiereunder,' or otherwise afforded by applicable la�v , s1�311 not be a �+�ni:�er of ol• preclude the exerc�se of any right
<br /> or`remedy hereunder= The procurement of insur�nce or the payment of faxes or other liens or charges by Lender
<br /> shall not be u w�.iver of Lender's riglib to accelerate tl�e maturit,y of the indebtedness secured by this 1�4ortgage.
<br /> ' } ` 12. Remedies Cumulative. All i•eniedies proaided in tl�is \Sortgage are disCSnet and cumulative to any other
<br /> rightbr remedy under this �Iortgage or <<fforded h�� 1a1�• or c�qnity , and rnuy I�e exercised concurrently, independ-
<br /> ' ently or successively.
<br /> ` '; I�. Successors and rassigns nourid; pair,t mi� Saver.z! Liabili:y; Gcptioas. The covennnts and agreements
<br /> '� herein contained shall bind , aiid the rights liereunder ahalf inure to; thc res��ectivc successors xnd assigns of Lender
<br /> ? and Borrower, subject to t.he provisians of puragr.ipl� ] 7liereof. :11I covenants and 3greements of Iiorrower sliall
<br /> be joint and several. The captions aiid I �eadings of t.lie pat•agr.� phs of this \ (ortgage are fo�• coTr�-enienee only and
<br /> „ are not to be used to interpret or define the provi�ions hereoi.
<br /> ; 14. Notice. Any noticc to Borrower �n•o�•ideci for iu thi� 1[artgsge shalt be gi�•en by- �nailin� such not5ce by
<br /> certified'anaii addressed to 13orrower �,t the Yroperty Addreea sbtite�9 bclo��� , excePt for an,v notiee required under
<br /> � paragraph ] 8 l�ereof to be given to Borron�er in tl�c manncr jn�escribed hy a��plicnl>Ic la�ti�, any notice provided
<br /> for in this _�Iortgage shall be deeuaecl to hi�•c been given to �3orro�cer �vhen �;iven in the manner design�ted herein .
<br /> 15. Unilotm Mortgage; Governing Law; Severability. `I'his forni of mortgage combines uniform covenants
<br /> for national use and non-uniform covenants �vith limited variatia�, by jurisdiction to constitute n uniform secu-
<br /> rity instrunient covering reaI property. This \Iortgage sl�all be governed by the ]a�v of the jurisdiction in �vhich
<br /> 'j the Property is located. In the event that any provision or clnuse of tl� is \Iortgage or the Note conflicts with
<br /> � j applicablelaw, such conflict sh�ll not fiffect otl�er provisions of this llortgage or the ATote which ca,n he given
<br /> 4 effecti without the confiicting provision , anct to this end tl�e provisions of the \Iortgagc und the Note are declared
<br /> i to be severable.
<br /> , 16. Borrowei s Copy. Borrower shall be furnished a conformed copy of this Alortgc�ge at the time of execu-
<br /> ; tion or after recordation hereoL
<br /> ; 17. Trm�sfer of the Property; Assumpti�n. If all or any part of the Property or an interest therein is sold
<br /> '' or transferred by I3orrower �vithout Lender's prior �vritteti consent, excluding (a) the creatio�i of a lien or encum-
<br /> brance subordinate to this \-Iortgnge , ( b ) - the creation of <i purchaise �none,y securit.y interest for household appli-
<br /> ' a„�.Pa r� 1 � r,,•z,z�fer hy devi�e; de�cent nr hv <>peration of la�c upmi tl�e deaf,h of a jqint tenant or (dl the grant of �,.
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<br /> any ]easehold , interest of three years or less not containing an optio�� to purchase, Lender may , at Lender's option,
<br /> '. cieclare rsll the sums secured by this 1�lortgage to Ue innnediately due �nd payuble. Lender shall have waived such
<br /> option to accclernte if, prior to tl�e sale or tr�nsfer, Lender sud tl�e person to whom the Property is to be soid or
<br /> ' transferred reach agreement in writing t3�at the credit of suci� person is satisfactoiy to Lender and that ttie interest
<br /> ' payable on the sums secured by this \4ortgage shalI be at sucl� rate as Lender shall request. If Lender has waived
<br /> ihe optian to accelerate provided in tl�is para�;rapli 17 and if Borro���er's successor in interest lias executed a wcit-
<br /> ; ten assumption agreement accepted in �vriting by I.ender, Lender shall release Borrower from ull obligations under
<br /> this Mortgage and the Note.
<br /> i If Lender exercises such option to accelerate, Lender shall �uail Boi•rower riotice of aceeleration in accordance
<br /> ; �vith paragraph 14 hereof. Such notice sliall provide a period of not less thliri 30 days from the dute. the notice is
<br /> „ mailed within whicli Borrower u�ay pay tlie surns declured due. If Borrower fail: Co pay such sums prior to the
<br /> Y expiration of such period, Lender anay , �vithout. fuit,her notice or ctemana on 13'orrower, invoke any remedies per-
<br /> �
<br /> rnitted'bq paragiaph 18 hereof.
<br /> � i \�ox-lTxFFoxri (7ovFxarxs. Borrower and Leuder i'urtl�er covenant and a�•ree u� follo�vs :
<br /> 18. Accelezation; Remedies. Fxcept :is �n•o�-ieled in partigra��L 17 hcreoF, upon Liorrower 's breach of any
<br /> covenant or agreernent of Borro�ser in this \Iw�tRage , inciudiug tlie oovenants to pay wl�eu due any swns �eeured
<br /> � � by this Alortgage, � Lender ��rior to acceleration shnll mail notice to 73orro���cr ur pro�- ided in parrZgrt�1>h 14 hereof � � ��
<br /> ' � � � � specifying : ( 11 the breacl� ; (2) the .�ction reyuiree! �to cure sucli l�reacl� ; ( 3 ) ii dato, not less tl�un thirty duys � � � � � � �
<br /> from the date the notice is u�ailed to 13orroticer, b}• ���hic6 ,iicli t �re:�cl � niust be cured � Silt� ( � ) 1I13L f&IIU2'C to cure
<br /> ' such breach on or before the datc specified in tfie noticc �iiay result in ncccleration of the sums secured by this
<br /> �? '�lortgage and sale of the Property. If the breuch is not cm•ed on or before the dut:c specified in tl�e notice , Lender
<br /> at Lender's option may declare nll of thc suins secui•ed b�� thi: JZortgag� to be immediately duc xnd payable
<br /> without further deinxnd and �nay foreclose t6is _llort�;a�e by ,iudicial proceeding. Lender shall be entiUed to colleet
<br /> � in such proceeding all expenses of foreclosurc, including, 1>u( not liiuite<1 to , costs of docuu �entary evidence,
<br /> ' sbstracts and title 1•eporta
<br /> 19. Borrowers Right to Reinstate. :�otticithstandic�g ],ender's acceleration of the sums ,ecured by this
<br /> Mortgage, Borrower shall have tl�esight to ha��e any proceedings begun by I,ender ia enforce this 1lortgssge dis-
<br /> eontinued at any time prior to, entry of a jud�ment enfolcing tl�is 1;Iortgage if : iai Borro�rer pays I.ender all
<br /> sums which would be then due under this �iortgage , the tiote :�nd notes securin� Futurc Ad��ance� , if any, had no
<br /> aeeeleratiou oeeuire<l ; ( L} borrower eurec aii l�z•eachen ui s�rv t�tiier co� enanic or ttKreeu�eiu:� oi $orruwer con-
<br /> tained in this Mortgage; (c ) Borrower pays all ressonable e:��ierase� incurred h�- T,cnder in enforciizg the covenants
<br /> ; and agreements of Borrowercontained in this �Iort.ga�;e and in enSorcing T.cnder's remedie, sss provided in psra-
<br /> ; graph 18 hereof, including, t�ut not liinited to, reuso��uble attc�rney 's iee; ; su�i Idl Borrow�r t:� ke. suc6 action as
<br /> LendeT: may reasonably require to assure that the lien of this �lortga�e, Lendei's interest in ,the Proyerty and • �
<br /> Borrower's obligation to pay the sums secured h,y this «ortga�c �hnll continur unimp:iired . LTpon snch payment. - "" ` � " '
<br /> and cure by Borrower, this :�Iortgage and the obliqations secured hereLy slisll reinain in full force and effect as if JV �, '�! �"�
<br /> � no acoeleration hud occurred. � ,^ ^
<br /> 20_ AssignmBnt of Rents; Appointment of Receiver; Lender in Possession. 3s xdditional security here- �_����
<br /> S under; Borrower hereby sssigns to 7.ender the rents of tUe I'ropert}• : prodided that Borro�;•er shall , prior to aeceler- `° `
<br /> . ' ation:under psragraph 18 hereof or $bandonment of thc 1'ro{�ert,y, 1iave the right to collect and retain sucl� rents � �'
<br /> . ; as they become due and payable. , '
<br /> � Upon accelerstion under paragrsph 18 hereoi or Kbandonment of the Yropertv, l.ender, in �>erson; by agent � �:
<br /> ' or by judiciaUg appointed receiver shall he entitled to rnter upon , take possession of and ivanage the I'roperty �
<br /> and ta colleet the rents of the Pronerty, including those rast due: All rents collected by I,endcr or the receiver
<br /> shall bc �pplied first to paymcnt of the casts of mnnagement oi tl�c Propertz� anc; collection of rcnt_, , iucluding. Lut
<br />� not limited to;'receiver's fees, ��remiums on receiver's bonc34 :�nd rensonable attorney's fees . and then to the swns
<br /> � secured by this Mortgage. Lender and the receiver sljall be ]i361e to account onh� for tl�oc�• rents actually recei��ed. �
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