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<br /> ' not extend or postpone the due date of tl�e montlily instnllments referred to in paragraphs 1 and 2 hereof or
<br /> ' change the amount of such instsllments.
<br /> ' ? 30. BonowerNot Released. Extension of the time for pa,yment or modification of amortization of the aums
<br /> t secured ;by this Vlortgage granted by Lender to any successar in inierest of Borrower shall not .operate to relesee, �:
<br /> .:
<br /> in any manner,' the liability of the originul Borrower and Borro�cer's succe�sora in interest. Lender shall not be
<br /> �', required to commence proceedings against such successor or refuse to extend time for payment or otherniae modify k-
<br /> t� amortiaation of the suma secured by tl�is �Iortgage Gy resson of any demand made by the original Borrower and
<br /> Borrower's successors in intereat.
<br /> j 11. �orbe�aace by Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy
<br /> € � hereunder, or otherwise afforded by applicable law, shull not be a �vaiver of or preclude the exerciae of any right
<br /> ' !j �. or remedy hereunder. The procurement of insurance or the payment of taxes or other liens ur charges by Lender
<br /> ; � � shall not be a wuiver of Lender's right to accelerute the inaturity of tlie indebtedness 'secured by this Mortgage.
<br /> � 12. Remedies Cumulative. AII remedies provided in tl�is \fortgage are distinct and cumulative to any other
<br /> cp right or remedy under this Jlortgage m• afforded hy lu«� or eryuity, and may be exercised concurrently, independ-
<br /> � � ently or suceessively.
<br /> � 13. Suceessors mad Assigas Bound; Jeiat �d 5everal Liability; Captions. The covennnts and agreements
<br /> �' herein contained shalt bind, and tl�e rights l�ereunder ahall inure to, the respectivc successors and asaigns of Lender
<br /> � pp und Borrower, subject to the provisions of paragrapfi 17 hereof. 3t1 covennnts and agreements of Borrower ahall
<br /> f1 be joint and several. The captions snd Ireudings of the paragrnph� ot this \Iortgage arc for convenience only and �
<br /> ; sre not to be used to interpret or define the provisions liereof.
<br /> � 14. Notice. �ny notice ta Borrower pro�•ided for in thi� \fortgage siinll bc gi�•en by mailing such notice by
<br /> _ q certified maii addressed to Borrower ut the Property Address �tuted beloK•, except for any notice required under
<br /> � paragraph 18 hereof to be given to Borrow-er in thc manncr prescribed by applicablc la�v. Any notice provided
<br /> ' ? for in this �Iortgage shall be deemed to l�ave been gi�•en to Borrower «•Len given in the manner designated herein.
<br /> � 15. Uaifozm Mortgage; Governing Law; Severability. Thi� fonn of �nortgage combines uniform covenants
<br /> } fornational use and non-uniform covenants witli limited �•ariations by jurisdiction to constitute a uniform secu-
<br /> ; rity instrument covering real property. This \Iortgage shall be governed by the ls�v of the jurisdiction in which
<br /> the Property is located. In the event that any �rovision or clause of this \Zortgage or the Note conflicts with
<br /> � applicable law, such con8ict shall not affect other provisions of this \Iortgagc or the Note which can be given
<br /> � effect without the conflicting provision, and to this end the provisions of the �Iortgage anx3 the Note are declared ' �
<br /> to be severable.
<br /> � 16. Borroavai s Copy. Borrower shall be furnisl�ed a conformed cop�- ot this .1-Iortgage at the time of execu- "
<br /> " tion or after recordation hereof. t '
<br /> , �! 17. Tr�asfar of the Pzoperty; Assumption. If all or any part o( the Property or an interest therein is sold `,<
<br /> or trsnsferred by Borrower without Lender's prior written consent , excluding (a) the creation oC a lien or encum- , �',,�,
<br /> �1 brance subordinate to this Mortgage, ( b) the creat.ion of a purchasc money security interest for houaehold appli- "` � , .�;�
<br /> � ances, (c) a transfer by devise, descent or by operation of la«• upon the desth of a joint tenant or (d) the. grant of :�
<br /> ' ri any leasehold interest of three years or less not contuining an option to purchase, Lender may, at Lender's option, k, "t
<br /> declare all the sums secured b this Mort a e to Ue immediatel � due and { %
<br /> y g g y pnyable. Lender shall have waived such
<br /> uption to accelerate if, prior to tl�e sale or transfer, Lender and the person to whom the Property is to be sold or i `� v
<br /> ;. transferred teach agreement in writing tl�at tlie credit of sucli person is satisiactory to Lender and that the interest , *Yrt,
<br /> k payable on the sums secured by this �iortgage sliall be at sucli rate as I,ender shall request, If Lender has waived '
<br /> ,, � the option to accelerate provi3ed in this paragraph 17 and if Borrower's successor in interest has executed a writ- s�`
<br /> ?• ten assumption sgreement accepted in writing by Lender, Lender shall release Borrower from oll obligations under ; �'
<br /> ,'; this Mortgage and the Note. +�''
<br /> fiIf Lender exercises auch option to accelerate, Lender shall annil Borrower notice of accelerstion in accordance 4i
<br /> �vith paragraph 14 hereof. Such noticc sl�all provide a period of not less than 30 days From the date the notice is `
<br /> k' mailed within which Borrower may puy Uie smi�s declared duc. If Borrow�er fails to pay such sums prior to the
<br /> �P expiration of such period, Zender may, without fuither notice or demand on B'orrower, invoke nny remedies per-
<br /> ( mitted by paragraph 18 hereaf.
<br /> , }:
<br /> . � - NON-LTNIFORM COVENANTS. � BOI'1'OWQI' ARC� LCTlC�01' FUI't�ilEfl' COVCRATIt and agree as follows = . � �.
<br /> } 18. Aeeelazation; Remedies. Except as pro�•ided in paragrn� �h 17 hereof, ❑pon Borrower's breach of any
<br /> '�; covenant or agreement of Borrower in tliis �Sort�ngc, including thc covenants to pay �vhen due any sums secured
<br /> '? by this \tortgage, Lender l�rior to ncceleration �hu❑ mail notice to Borro�s•cr ae ��rovided in para ra li 14 l�ereof
<br /> '? specifying: ( 1 ) the breacli ; (2) the nction required to cure sucli breach ; 131 a datc, not ]ess t�anPthirty days
<br /> � ' from the date thc noticc is mailed to I3orro��•cr, b}• «•hicli cii�•� � hmach inust be cured ; and f41 that fnilure to cure
<br /> �; such bresch on or before tl�e date specified in tl�e noticc muy result in acceleration of tlic sum� secured by this
<br /> 'l �Iortgage und sale of the Property. If the breach is not cured on or betorc thc date specified in the notice, Lender
<br /> at Lender's option �nay declarc alI of the smns secured U�� this VIortgagc to be immediatcly due and psyable :
<br /> �; without further demand and rauy foreclose this \Iortgnge by judioial proceedin�. Lender shall be entitled to collect
<br /> in such proceeding all expenses of forcclosurc, inciucting, but not limited to, costs of documentury evidence,
<br /> �� abstracts and title reporta
<br /> 19. Boaoweis Bight to Reinstate. Notwitl�standing I.ender'r ncceleration of the yumc secured by this
<br /> �� Mortgage; Borrower shall have the right to ha��e any proceeciings begun by Lender to enforcc this �lortgage dis-
<br /> ' t� continued at' any time prior to ent of a ud ent enfotci� this llort a e if : ( a ) Borro�ver
<br /> , ,�� i'Y J K+n A • S K Pays Lender all _
<br /> ,, .5; suma which would be then due under this Jlortgage. the Note nnd notes securing Fuhire Advances, if any, hsd no
<br /> ,,�< acceleration oceurred ; (b) Borrower cures all breachea of uny other co�•enants or agrcements of Borrower con-
<br /> tained in this Mortgage ; (e) Borrower pays ssll ressonuble rxpense: incurre�i by Lender in entorcing the covenunte
<br /> `� and agreemente ofBorrower contained in this \Iortgage and iu enforeing I,ender:s remedies as provided in para-
<br /> `� ` gi'sph 18 hereof, inoluding, but not limited to, rensonable sttorney 's fee� ; and Idl Borrower takes such action as
<br /> �� I:etide� inay reaeonably reguire to usaure thut the tien of this �Iortgugc, Lender's intcrest in the Property and
<br /> �*�� Bori�ower's obligation to pay the, sums secured by thie 1'IOT[�+,fl�,@ �hall continuc unimpsired. Upon such payment -�" ` `'
<br /> ..� �"'c.. + ,c.��
<br /> '; aad cure;by Bortower, this Mortgsge and the obligations secured hereUy shnll remain in full force and effcet as if
<br /> no acceleration had occnrred. � ^ �a
<br /> � 20." 'l�wgnm�at of R�nfs; Appointmeat of Receiver. Leadar ia Fossession. �s additionul security here- jla,
<br /> under, Borrower'hereby aseigns to Lender the rents of'tfie Propei�ty. Tiro�•ideci tHat Borrower shall , prior to ucceler- � - �
<br /> � ; aWon dnder par�graph 1$. hereof or sbondonment of the Property, have the right to collect and retain such rents �' •
<br /> � as they become due and paysble. . ' �3.�.
<br /> '' IIpon abceTerat�oa' uuder paragraph ]8 hereof or afiandonment of the Yro�ierty, LenBer, in person, by agent '�,.# ;r �.
<br /> r� or by jndimallq appointed receivea+siasll be entitled to enter npon , take posae�sion oP �ind inannge thc Pronert-y �
<br /> ,� � und to,, collect tlae renta, of: Lh& Propesty,, including thosc Past .due. All rents collected by Lender or the receiver
<br /> `� ; ehall be applied Srat to pay,ment of the'coets of management of tl�e Property and collcetion of rents, including, but
<br /> ;� , not ]imited to, receiver's fees, premiuma on receiver's boncis 3nd ;casonnble attorney's fees. nnd then to the sums
<br /> , ,� . . secured by, f,lue iGlottgage.`Lender snd the receiver shall be linble to account only for those rents actually received.
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