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<br /> ..� extenci o.' t>ost.por.e tf;e due da,te ot Lhe monthlV insiali�nents reier:eci to in �7aragraphs 1 and 2 hereof or
<br /> cliange tl�e amount of sucli installmen ts ;
<br /> 10. Borr4wer Not Iiel�ased. I�xtension of tlie time foi� pa,y�i�ent or modification of amortization of the sums
<br /> secured by tliis A4ort�age �ra�ited U,y Lender to any siiccessor in ititerest of Borrower shall not .operate to release,
<br /> ' in any' mannQr,' the liability of the original F3orrower and Bori•o�cer's suceessors in interest:. 7�ender shalI not be
<br /> r required to compience l�roceedings' againsti si[ch successor o�• refuse to extend time far payment or otherwise rnodify
<br /> ( a:iiortization of the sun�s secured uy tI�is \Iortgage by reasou of any clemand made by the original Borro�ver and
<br /> � Borrower's successors in interest. "
<br /> � lI: Fozbearaace by Lendor Not a Waiver. ' Any forUearunce by Lender in exercising any righti or remedy
<br /> � hereunder, or otherwise afforded by ngplieable law; shzll not be u �vai✓er ofl or preciude the exercise of any right
<br /> � or remedy hereundei•. The proctireineut of insurance or the; payinent 'of taxes or ot}ier ]iens or charges by Z:ender
<br /> � , Q shall not be a waiver of Lender's riglit to' accelerate the �t�aturity of tl�e indebtedness secured u,y this Mortgage.
<br /> ; � 12. 8emedies Cumulative. All i�ecnedies provided in th�s Jim•tgage are distinct and cumutative to`any other
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<br /> right or remecly under this �Iortgage or i�ffqrded l�� la�v or < quity, and �nsy be exercised concurrently; independ-
<br /> � entiy or successively. .
<br /> � 13. Successors and Assigns Boundrdoint and Sevezal Liability; Captions. Tl�e co�•enants and ' a�reements
<br /> , herein contained shall bind , and the riglifs I�ereunder �hall inure fo, thc respective suecessors txnd assi�ns of Lender
<br /> �nd Borrower, subject to the }�rovisions of paragriiph 17 bereof. :111 `covenants and iagreetnents of Borrower shaU"
<br /> be joint and severaL The eaptions anci 6etidings of tt�c paragrn�>hs of tl�is \tortgage are for convenience only and
<br /> are not to be used to interpref pr define the j>rovisions l�ereof.
<br /> d4. Notice_ Any noticc to Eon•oci-er l�rovidcd for in tlii, �l�rtgage �hall I>c �i��en I�y �nailing such notice by
<br /> certified fnail addressed to I3orrotiver .� L the Yroperty Addre�s stated beloxv, exce{�t Sor any notice required under
<br /> paragr:Lph 18 hereof to f�e given to Bori•o�cer in the manner prescribed bv ap��licahle la«�. Any notice provided
<br /> ' for in this J3ortgage sliall l�e deemed to ha�•c been given to 13orron�er �v}�en �gi�•cn in tlie ruanner desi�nated herein.
<br /> 15. Uniforsn'Mortgage; Governing Law; Severability. This form of mortguge combines uniform covenants
<br /> '' for national use and non-uniform covenants ivitli li�nited variations b}• jurisdiction to constitute a uniform seeu-
<br /> ,' rity instrument covering real ��roperty. i'his \Ioi:igage shal! be governed by the la«- of the jurisdietion in which
<br /> + the Property is located . In the event tliat any provision or cia,use of t}ric �4ortgage or the Note conflicts with
<br /> ; applicable law, such conflict sha11 not affect otl�er provisions of this Jlortgage or the Note which can be given
<br /> effect without tlie conHicting provision , �nd to t:liis end the provisions of the \•iortgage and the Note are declared
<br /> ; to be severable.
<br /> 16. Bonower's Copy. Borrower shull Ue furnisl�ed a conformeil copy of this �Iortgage at the time of exeeu-
<br /> tion or after reeordation l�ereof.
<br /> 17. Transfer ot the Property; Assc�mption. If all or any part of t.he Property or an interest therein is sold
<br /> � or transferred by $orrower without Lender's prior written consent, excluding (a) the creatior. of a lien or encum-
<br /> f brance subordinate to this �4ortgage, ( b j thc creation ot a E�nrcl�ase tnoney security interest Sor househotd appli-
<br /> g ances, ( c) a transfer by devise, descent or by operation of la��• upon tl�e death of �, joint t:enant or (d ) the, grant of
<br /> ; any leasehold interest of three years or less not containiug an option to purchasc, Lendcr may, ab Lender's option,
<br /> fi declare all the sums secured by this Vlorigage to bc inunediately duc and payable. Lender shall have ���si��eci such
<br /> opt:on to acaelerate i., priar to tl�e �ale cr tran�fer, Letiiter finil Uie �,arson to whoxn tl�e Property is to be sotd or
<br /> transferred reacl� agreement in writing Lliat the credii of such peiaon is satisfactory to Lender nnd that ti�e interest
<br /> i payable on the sums securect by this Aiortgage shall l�e at sucl� rate as Lender shall request. If Lender has waived
<br /> the option to accelerate provided in t.his paragrapli 17 and if Borrower's successor in interest has executed a writ-
<br /> ` ten assumption agreeinent accepted in �vriting by Lender, Le�ider shall release Borrower fro�n a�ll obligt�tions under
<br /> this 141ortgage and the ZVote.
<br /> If Lender exercises sucL option to acceleratc, Lendcr shall mnil Borrower notice of acceleration in accordance
<br /> with ps�agraph 14 hereof. Sueh notiee simll provicie s period oi nut less thnn 30 day-s from the ciate the notiee is
<br /> ; mailed u�ithin whicl� Borro�ver may pay tl�e sums decl��red due. If 13orro�ver fails to pay such sun�s prioc to the
<br /> expiration of such period, Lender may , �t�itlrout furthci• notice oi• iteuiaud on $brroti�•er, im�oke any remedies per-
<br /> mitted by paragraph 18 Lereof.
<br /> ' \'ox-I?xi�oanz CovFxnxTs. T3orrower and Lendei• Purtl�er co��enaiit tznd flg�i•ec as follows .
<br /> 18. Aaceleration; Remedies. �acept a� �iroridecl in p.iragr:ipli 17 liereof , u��on 23orro�ver's breacli of any
<br /> co�•enanf, or agreement of Borro�ti�er in this \lort��ngc. including ilic covenants t.o pn,y �+�hen duc any sums �ecumd
<br /> by this �Iortgage, Lencier s?rior to acceler:itio�i al�ull �uuil notice to I3ort•uu•cr as � �ros°ided iii �iar�agra�:i]i 14 IiereoS
<br /> ' specifying ; ( 1 ) the 6reacli ; (2 ) t}ie i�ction required to cucc :ucl� brcacli ; 13 ) ci datc, not li�ss tlian thirty duys
<br /> from the date the notice is mailed to 13orro�vci•, 1>p �cliich �urli brc:icli u�ust be ctnrd ; anii ( 4 ) that failurc to cure
<br /> il such breach on or before tlie date specified in tlie noticc m:�y resuh in sseceleration of tl�c swu� secured by this
<br /> ' i 1�tortghge and sale of the Property. If zhe breach is not cured on or before tlic datc specified in the notice, Lender
<br /> at I.endex's option may cieclarc all of the smi�s secured I�y� this \Iortga,gc to be imrnediatcly clue and payable
<br /> � without further deint�nd and may forec �ose ti�is �Iortg:ige by judicial proceeding. I.ender shall be entit,led to collect
<br /> F in such proceeding s�ll expenses of foreclosure , iud0�ling, but not li�nited to, costs of docuii�entary evidence,
<br /> aUstractssnd title reports.
<br /> 19. Bonoweis Right to Reit�staYe. Notzvitl�siunding I.ender's uccelerution of the sums secured uy this
<br /> � Mortgage, Borrower shall have tlie right to have any proceedinga 6egun by Lender to enforcc ihis �Iortgsge dis-
<br /> � continued at any time prior to entry of a judgn7ent enfq}�cing this �iortgage if : I,al Borro«•er ��uys I,ender all
<br /> sums which would be then due urder this �Iortgagc, thc ;Qote anil notes securing Futurc ad �•ances, if any, had no
<br /> acceleration occurred ; (b) Borro�i�er c�arc� all breuches of an}• otlier co�•c•nnnts or :agrcements of Borrower con-
<br /> taiued in tiiis vYortgnge ; ic ) Borrowet pays ull re��onaUk e�� �ei�sea i�uurred I�y T.ender in uniorcing the cuveuhut,a
<br /> and agreements of Bormwercontained in this :�Sortguge .tnd in enforcin� ?,enacr:s retnedie, :is provided in para-
<br /> graph 18 hereof, including, but not limited to, reasonuble aftorney'� iee:; and fd ) Borrowcr takes such uction as ;
<br /> Lender may resaonably, r�uire to assure that tl�e lien of tl�is \Iortg�ge, Lenders interest in the Property and
<br /> Borrower's obligation to pay the stuns secured fiy thi� �Stirtgage �hall emitinue uniiiipuired . Upon sucl� payment _... � t. �} '�`�+,
<br /> ^ and cure by Bormwer; this Mortgage and the obligntion� eecured hereli�- shall reinain in full force and effect as if »'$^ " - '"*�' '
<br /> nn aceeleration had occuired. �� �b�
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<br /> 20: Assigument of Reats; Appointmeat of Receiver: Lender in Possession. .�s additional security here- '��
<br /> � under Borrowei hereb aesi s to Lender tlie rents of the Pro �ert.�•. �rovided tt�at Borro��•er shall �`�`�
<br /> , y gn � } , prior to acceler- �, �,
<br /> ation under paragraph 18 hereof or abandonment'of thc Property, have the right to collect ancl retain sucli rents =.�
<br /> � as ttiey :become due' and payable. "
<br /> ' Upon aGceleration under paragraplr 18 hereof or abancionment of tt�e Yroperty, Lender; in per�on ; t»� agent " ' " �
<br /> or bq jud�cially ,appointed receiver shall be entitled to enter upon , take posse�sion oS and manaee the Yroperty "r'
<br />� . . • . . . � _ , �Le. 3 . s �nts ealleetet! }�y r
<br /> � iav Lti : uvii'v-t.0 i:Yle 1'Ciius � u5 btlr. 1sTC�jJCI'F}'� �� ]IICNC1S17��T,.', t�1090 J'39+ i-i � 17 u.^..^.L�C`� vi t})E PC�C7Y^cf . �
<br />� ahall be applied first to payment of the costs of ntanagement of the Proi�erty and collect�on of rents, including, but �
<br /> iiuC liwited to,' receiver`o Te�s, l�rei�iiuui.; ou � �.c.r."i���i '. L�u�l, ui�.t icsssun�iLle .itlurnr.y '� feea , . <in�l tLun 6u LLe smn�
<br /> � secured by this Mortgage, Lenderand tfie receiver shsll be liable to :xccount only for those rents actuall}• recei��ed . �
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