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<br /> not extend or postpone the due date oY the montl� l�- instal6nent5 referred to in parngraphs 1 and '2 hereof or
<br /> '�' change tl�e umount of such installments.
<br /> �`"� " 10. BorrowerNot Released. I�xtension of the timc for payn�ent or• modification of amortization of the sums
<br /> + �` secured by<th9s 14ortgage grnnEed ' by I.ender to any successor in interest of Borrower shall not :operate to release,
<br /> � im uny manner, the liability of tl�e original Borrower �nd' Borro�ver's successors in interest: Lender shall not be
<br /> � r � required t� commence proceedin�s against sucli successor or refuse to exteiid time for payment or othercvise modify
<br /> 1 ; `"" amortizatiom of the sums secured hy f,liis Jlortgage bg reason of amr demand made by the originnl Borrower and �-;
<br /> � Borrower's successors in interest.
<br /> � � 11. Forbearance by Lender Not a Waiver. Any forbearance by Lender in excrcising a,ny right or remedy
<br /> A hereunder, or -otherwise afforded by applicable law, sl�all not be :a wai��er of or preclude the exeicise of any right � '
<br /> ; orreinedy,hereunder. The proeurement `of insui•ance or thc payment of taxec or other liens or charges by Lender
<br /> � shsll not be a waiver of Lender's right to accelerate the mnturity of the indebtedness secured by this Mortgage.
<br /> ; 12. Remedies Cumulative. All reinedies provicled in tliis \4ortgage are distinct and cumuIative to any other
<br /> right qr remedy under this 1'tortgage or gffordqcl by la�r or equit,y, nncl mal- be exercised coneurrently , independ-
<br /> ently or sucqessively.
<br /> i3_ Successors and Assigas Bound; Joinf cmd Several Liability; Captions. The coven�nts and a�reements
<br /> 1 herein contained sliall bind , and the rights liereunder �}�alf inure to , thc respective successors and assigns of Lender �`
<br /> and Borrower, subject to the F�rodisions of ��aragrapli 17 hereof. All covenants and agreements of Borrower shall ' '
<br /> �: be joint und severaL The et�Iitions and hendings of tl�e ��aragr:ti��h� of this \Iortguge ure for convenience only and - "
<br /> are not to be used to interpret oi• define the provisions l�ereof. ;'
<br /> 14. Notice. Any notice to Borro�s�er pro�•ided foi• in thi� \lortgage shall Le gi��en 6y �nailing such notice by ;
<br /> certified mail addressed to Borrower at the Yroperty Addics, sta.ted below, except for iiny notice required under ;
<br /> paragra,ph 18 hereof to 6e given to Borrower in thc manner prescribed by �� p�iticable la�v. Any uotiice -provided
<br /> for in this tilortgage :hall be deeined to l�nvc been given to Borro«•er wl�en giveii in the inanner designated herein.
<br /> ` 15. Uniform Mortgage; Governing I.awt Severability. This form of rnortgage combines uniform covenants
<br /> j ' for national use and non-uniform covenants �vitli limited variations by jurisdiction to constitute a uniform secu- ;;
<br /> e. � rity instruinent coveTing real pro��erty. This \-lortgage shall be governed by the law oPthc jurisdiction in which
<br /> the Property: is locsted. In the event tliat any provision or clause of tl�is 14ortgage or t15e Note confficts �vith
<br /> ` ' applicable law, sucli contiict shall not a�ffect otlier �irovisions of this \Iortgage or ' the Note which can be given
<br /> � effect without the conflicting provisim� , and to this end the provisions of t.he 1lortgage and the Note are dealared
<br /> ; to be severa6le.' � ;
<br /> � 16. Bonower's Copy. BorroK�er shall be fui�nisl�ed :L confoxn�ed copy of this �1�Iort�nge at the time of execu-
<br /> a tion or after recordation hereof.
<br /> r 17. Transfez o€ the Propezfy; Assumption. If all or any part of the ProF�erty or an interest therein is sold
<br /> ; or transferred by Borrower ivithout Lender's prior written consent, excluding (a ) the creation of a lien or encum- ;
<br /> � � brance subordinate to this �Yortgage, ( b ) the creation of a purchase tnone,v security interest for household appli-
<br /> ances; { c) a transfer by devise, descent or i�y operation of ln��� uiaon the death of a. joint tenant or (d} the, grant of
<br /> anyleasehold interest of three years or less not containiug �tin option to purchase, Lenderrnay, at Lender's option;
<br /> ;: , deelare ail the sums secured b}� this A�Iortgage to be i�nmediately due and pa�ys�le. Lender shall have �caived auch �'
<br /> � option to accelerate if, prior to tlie eati]e or transfei•, Lencler ;aud thc pereon to whom the Yroperty is to be sold or �"'
<br /> ,; tTansterred reach agTee�nent in �r-riting t.l�at the credit of ;ucli ��erson is satisfactoiy to I�ender xnd that the interest
<br /> pay*sble on tl�e sums :er,ured by this 1Tortgage shall be at such r:�te as Lender shall request. If Lender has'waived '
<br /> the option to accelerate provided in this paragrapli 17 and if Borro�ver's sL�ccessor in interest has executed a writ- ,
<br /> ten assumption agreement accepted in �r-riLing by I.endE:r, I.ender shall release Borrower frorn ali o}�ligations under
<br /> this Mortgage and the Note.
<br /> ' If I.ender exercises sucli option to accelerste, Lender shall �uail 73orrower notice oi acceleration iu accordance
<br /> �vitl� paragraph 14 hereof. Suoh not.ice sl�all pro�•ide a I�eriod of not less than 30 days #ro�n ' thc date the notice is
<br /> mailed withiri whicli Borro�+�er inay jiay tl�e suins declared due . If 13orrowei• fails to pay such sums Prior ta the i
<br /> �xpiration of such period; Lender inay, �vithout farther notice or ciemand on B'orrorver, invoke any remedies per-
<br /> mitted by paragraph 18 hereoP.
<br /> ti'orr-L?xiFoi¢ at Covt:xn� Ts. Borro�ver and I:ender i'urtl�c:r covenant and ag�ree as follow�:
<br /> { 18. Accelezation; Remedies. Exce��t xs pri���idcci in � �iu•flgr:t� �}� 17 hereof, u�io❑ I3tirrower's lirr�.zcli of any
<br /> ; covenHn 't or' agrcement ot Borro�ver in this `lortgaga, induding Clic covenants to aias- «�licn cluc any sums secw•ed
<br /> by this \lortgage; Lendc�r �irior to :icecleration shull uutil noticc to f3orro«�cr a� � ii•o��idecl in paragi•:�ph 74 i�ereof
<br /> � specifyiP�: ( 1 ) the breach ; (21 il�e actioii rec'auired to cure � �uch � brca�l� ; ( 3) n� datc , not� less ' tl�an t6irt,y � days� �
<br /> r irom the datc tl�c uoticr, i= mailed to ]3orro�ccr, b}• ���l�ich sucli bm�icli niust be ctu•ec3 ; an<1 (-� ) that. failurc fo curc S
<br /> such }n•eack on` or befm•e the dat.e cpecifiecl in the notice in�iy result in accelerntion oC the siiins secured by this
<br /> ��� &tortgage� and salc of the� Property. If the l�rettcl� is not cured on � or� before tiie ci.�te �specified in tS�e notice, �Lender
<br /> at I:ender's option ursY declare all af thc e;uuas secured 1>}� t.his \4ortgHge to be immedistelv due ��,nd payz�ble
<br /> �i•ithout ' further deinanci and rnay forcelose this ltortgagc by ,iudicial pi•oceedin�,. T.enc9er sli:till be entitled to collect
<br /> in such proceeding all expenses oS' (oreclo:sui•e , inclueling, but not li �uited to; cost� of d.ocunientarv evic�ence,
<br /> abstract,s and title reports.
<br /> r� � � �19. Bonowei8 Right to Reinstate.. ;Vot�vit�h�tan<9ing Lendei':. accelera�tion of zhe sume secured . �by. � this
<br /> ' Mortgage, Borrower shall have tlie right: to hnc�c Fuiy ��roceedinge hegun by Lender to enfomr ttiis �Yortgage dis-
<br /> � continued at any time' prior to entry of a jud��uent entoY•cin�; tlii: JLort�aqe if : i <til BorroL�•er p�ys I.ender all
<br /> ;,
<br /> sumc w�ich wouid be #hen due under tliis \ lort �:i;;c , the \ote :tnd notes securirih I'utiirc Adti�ances, if ar.y , fi�cl no
<br /> � ace2;2ration occurred ; ('L ) Borroccti,r ��ur�-.� ui� Ine:ui �e� uf een�• �,tiiei� c�con:�nt � w� a�reemruts of Borrower uon- � � �
<br /> ;' tained in this 1Glortgage : (c) Borrower pa��s all reasonablc ccpei�.c� inrurred b�• i,cnder iu cnforcin�; the coven:ints
<br /> 3 and agreements of Borrower contained in this ltort�;a<�e ancl in enfoi•cin�; Lendcr'� remedies a, � >ro��i<ied in para- :
<br /> �, grz�ph �18 hereof, including, � but irot limited to, res�onz�blc .�tlarney ': tee.� : anii + dl 13orro�ver ttikes such action as f� � p
<br /> ^ Lendei rnuy reasonably require to :issure that. the lien of this 3lort�;age; Lender'� in 'terest, in thc Property and '
<br /> 3, }3orrower's obligation to ��sy the sirme sect�red by thi� \tortga�;e �liall cmitinuc nnimpairc�l . iTpon such �iayment . , „ �.'4 �,
<br /> ; and aure by Borrower, this ��ortgage and the obligstion, secureci hereby �luill reroain in fi�IL force and effeet as if t "' "s�i*
<br /> ,- � �
<br /> no aceeleratian had occurred. *� ���a '
<br /> � 20. Assignment of Renis: Appointment of Reeeiver, Lender in Possession. A, 3dditi�naf secur�ty here- �'�n,� -
<br /> „ wider,'Borrower hereby assig�s to Lender the �rnts of tlle I'?rotaert}•, pra�•icled lliat Borro«•er sh�ll , l�rior t,o acceler- ��"'��'
<br /> "� - Ation underparagrnph :18 hereof or absndonment bf t11e Pro�ierty, ha�•c the right to collect an<9 retain sacli rents � �r "`
<br />�I�` ae they become due and ��ayable: �
<br /> - lipc3� acceiera6ion under �a�rsgra�>lt 1$ fiereot oi• abunc9onTnent oi the Yropert�- . Lender, in l�erson , bv agent
<br /> or b,v,,�udieially appointed receiver sk�all he ent:itled to enter u�>on . take possession o( and mana�e tlie Property �`
<br /> and to collect the rents of the Property, including thoce I�act due: :�1] � ents collceted bj� Lenrler or the receiver
<br /> �ha13 be �rplied fir=t to ps�nnent of thc casts of znann��+*�^r± cf tl:c i' o, crtti- s :c', co2. cction of rcnt.>. inc; uding. but
<br /> n 'vt iii��iteii i�, mceiver's iees, �iremium� on rrceiver . bpn�14 an<i resc�nxhle attorney 's fc.ct. :and then to the swns �
<br /> � secured by this �lortgage. Lender and the receiver �I�all t�c ti:tble to account only for tho�e rents actunlh recei�•ed . �
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