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<br /> � , ^'� ,'"`".,� .
<br /> not extend or postpone the due date of thc monthly instalLnents referred to in paragraphs 1 and 2 hereof or
<br /> change the amount of such instaHmenta:
<br /> 30. Borzower Not 'Released. �xtension of Ehe time for payment• or tnodificution of amortizstion of the sums �
<br /> ,= secured by Ehis l2ortgage granted Uy Lender to any successor in interest of Borrower shull not .operate to relesee,
<br /> ; in uay manner,` the liability of Ehe original Borrower and Borro�ver's successors in interest. Lender shall not be ` "
<br /> required to commence proceedings ngainst such successor m• refuse to extend time for payment or otherwise modify 1
<br /> � amortization of the sums secured by tl�is \Iortgage by reason of nny demand made by the original Borrower and � � , *
<br /> ; F � Borrower's successors in interest. r • =
<br /> Il: ' Forbear�ce by Leader Not a Waiver. Any Forbearance by Lender in exercising uny right or remedy ° � ' ' %
<br /> � hereunder, or otherwise afforded by applicaUle ]a�v, sliall not be n «�aiver of or preclude the exercise of any right , � �
<br /> � � orremedy hereunder. The procurement of insurance or the payment of tnxes or other ]iens or charges by Lender i : .
<br /> , shali not be ' a waiver of Lender's right to accelernte the maturity of the indebtedness secured by this Mortgsge. "
<br /> � .
<br /> :' a � 12. Remedies Cumulative. .�Il remedies provided in this \Zortgage are distinct and cvmulative to any other +
<br /> � right or remedy under thie �Iortgage or afforded b� la«• oi• equity, snd may be exercised concurrently, independ- f `
<br /> � � ently or succeseively. "
<br /> � ! 13. Suecessozs �d Assigns Bound: Jaist �d Several Liability; Captions. The covennnts and agreements c-.
<br /> 3 � herein contained shall bind, und the rights hereunder shnll inure to, thc respectivc successors and assigns of Lender �; `
<br /> 1`� and Borrower, subject to the provisions of ��sragrapli 17 hereof. all covenant,s and agreements of Borrower shall S� , .;
<br /> � be joint and several. The captions and I�cadings of the paragraphs of this \Iortgage are for convenience only snd '
<br /> ; are not to be used to interpret or define Llie tirovisions I�ereof. �:
<br /> ' { 14. NoGce. Any noticc to Borrower procided for in tl�is \Iortgagc shall bc gi�•en by mniling such notice by �
<br /> ¢ certified inai3 addressed to Borro�ver ut the Property Address staited below, except im• any notice required under � '
<br /> paragraph 18 hereof to be given to BorroK�er in tlie manner pcexribed by applicablc Issw_ any notice provided �
<br /> ` s for in this llortgage shall hc deemed to lia�•c been given to Borro«•er ��hen given in tl�c �nanner designated herein. 'a
<br /> � 15. Uniform Mortgage; Governing Law; Severability. T'his forn� of iuort�age combines uniform covenants f'
<br /> ' ! for national use and non-uniform covenants �vit.ii limited �•ariations by jurisdiction to constitute a unifortn secu- [ .
<br /> i rity inatrument covering real property. This \tortgage shall be governed by the ]aw• of the jurisdiction in which �'
<br /> the Property ie located. In tlie event that any provision or clause of this �4ortgage or the Note conflicts with ��;
<br /> � applicable ]sw, such conflict shall not affect other provisions of this \Iortgagc or tlie Note which can be given 4;� ,
<br /> � effect without the conflicting provision, and to this end the provisions of t6e 1lortgnge and the Note are declared ;;
<br /> to be aeverabie. �. ;
<br /> 3 16. Borzowez's Copy. Borrower shall be furnished a conformed copy of this \4ortgage at the time of execu- � '
<br /> - x tion or sfter recordation hereof. �
<br /> 4 17. Traasfer of tha Property; Assumption. If all or any part. of the Property or an interest therein is sold �
<br /> rv, a
<br /> � or transferred by Borrower �vithout Lender's prior written consent, exduding (n) the creation of s lien or encum- � : , '
<br /> j brance subordinate to this viortgage, ( b) the creation of a purchase money security interest for household appli- �. � � � ,�
<br /> F Ya �� �i:
<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 , y.
<br /> I any leasehold interest of three years or less not containing an option to purchnse, Lender may, at Lender's option, 3 �
<br /> * declare all the sums secured by this Mortgage to Ue iinmediatcly due and puyable. Lender shull have �vaived such �� %
<br /> option to accelerate if, prior to the sale or trnnsfer, Lender and tlie person to whom the Property is to be sold or � ' �;
<br /> transferred reach agreement in �vriting tBat tlie credit of sucli person is satisfactory to Lender and that the interest �' 3 , f'
<br /> payable'on the sums secured by this Vfortgage shall be at sucti rate as Lender shall request. If Lender hss waived �,k ��
<br /> the option to uccelerate provi�ied in this paragraph 17 nnd if Borrower's successor in interest has executed a writ- {' ` P ` '
<br /> g ten asaumption agreement uccepted in writing by I.ender, Lender shall release Borrower from all obligations under � '��'
<br /> this Mortgage and the Note. � :a'
<br /> If I,ender exercises sucli option to accelerste, Lender shall �nnil Borrower notice oF acceleration in accordance f } "
<br /> �vith paragraph 14 hereof. Such noticc shull provide a period of not les� thnn 30 duys from the date the notice is x ,;'
<br /> mailed within which Borrower may pay the sums declared duc. If Borrower fails to pay such sums prior to the F ;c:s
<br /> expiration of such period, Lender may, �vithout furtl�er notice or demand un B'orrower, invoke any remediea per- � ��".
<br /> mitted by paragrsph 18 hereof. �
<br /> �
<br /> Nox-Uxisosat CovExevTs. Borrower and Lender furtl�er covenant and agree as follotivs :
<br /> 18. Aeeeleration; Remedies. Except u. prociried in � nu•agra��h 17 hereof, upon Borro«•er's breaeh of any '
<br /> covenant or agreement of Borrow•er in tl�is �Iort�a�c, inclucling the covenants to pay when duc any sums secured `
<br /> ` � by this :�lortgage, Lender ��rior to ncccleration �liall mail noticc to Borro�vcr as provided in paragrapli 14 hereof
<br /> specifying: ( i) the breach ; (21 the action required to etu•c euch I�reucL ; 13 ) u datc, not less tLan thirt,y days
<br /> from the date the notice is mailed to ]3orro«�cr. I ��� ���6icli sucli bre:tch uiust be cured ; and (. 4) that failure to cure
<br /> such breach on or before tl�e date specified in tLe noticc �uuy result in acceleration of the suins secured by thia
<br /> � Mortgage and sale of the Property. If the breach is not cured on or before the dute specified in the notice, Lender �
<br /> at Lender's option may declare all of the suuis secumd by this �Iortgagc to be immediatcly due and prtyable
<br /> without further demand and muy foreclose this �Iort�agc by j udicial proceeding. Lender ahatl be entitled to collect
<br /> in such proceeding all expenses of foreclosurc, including, but not li�nited to, costs of documentary evidenee,
<br /> abstracts and title reports.
<br /> 19. Bosrowoz's Right to Reiastate. Notw•itl�standing Lender'. acceleration of the suros secured by this -
<br /> Mortgage, Borrower shall have the right to hace nny proceeding, hegun by Lendcr to enforec this �iortgage die-
<br /> �- , continued at sny time prior to entry of a judgment enfoq�cing this \tortgage if : (al Borrower pays Lender all
<br /> auma which vrould be then due under this JIortgaFe, the Note nnd notes securin� Future Advances, if any, had no
<br /> acceleration occurred ; (b) Borrower curec 8�� bresschex of any other co�enants or agrcements of Borrower con-
<br /> tained in this=Mortgage; .(c) Borrower pays all reasonable ex�iensec �ncurred by T.ender in enforcing the covenants
<br /> and agreements ofBorrower contained in this �Iortguge and in enforcin� I,ender's remedies as provided in parn-
<br /> ' i: graph 18 hereof, inclnding; buE not limited to, rnasonable attorney's tee_ : snd � d ) Borrower tawes such action as
<br /> p ` Lender map reasonably require to ssssure that the lien of tl�i� \tortgage, Lender's interest in the Property snd
<br /> , , Borrower's,obligation ,to pay the sums secured by thic �lortgnge shull continue uni�npuired. Upon such payment �. .:- � •„
<br /> ;': and cure' by $orrower, this Mortgage und the obligations secured hereb�• sliall remain in fuli force and effect as if •� �':
<br /> w" � � �� no accelera�iom had ooeeiried. :'
<br /> -*- 20. Asa9t�m+nt of' H�ats: A ;` '
<br /> ppoin�nent of Reeaiver, Leadar ia Possessioa As additionul security here- �.
<br /> � pnder, Bormwer,Yiereby aseigna to Lender the rents of Lhe Property.' rY•ovide�i that Borrower shall, prior to acceler- I �?. �
<br /> � ataon underpsrageaph 38 hereof or abandonment 6f the Property, have the right to collect snd retain auch renta y+R�,,; .=
<br /> , 'a"s they becarca�e dria snd pay'able: � � ,: ''
<br /> �„ ' , Upon aocelcist�on uader parageaph 18 'liereof or sbandonment of the Yroperty, Lender, irs person, bv agent *-'�" �
<br /> , °, 41' �y'1??,'.�?�Y..;sPP9�� ��=�er.,sha11 he,,:antitled to enter upon, fukc possedsion of nnd snanage thc Property •.�»� ,.��.�� �:.
<br /> and to,coilee� t�e rents of the Property, imluding those Past due. all mnts collected Wy Lender or thc reccircr
<br /> "�',��- . ekall be applied first to payment. of Lhe costs of .ma�nagement of the Property and collection of rents, including, but
<br /> ! not limi4ed to, receiver's fees, premiums on receiver's bonds and reasonable attorney's fee,=, und then to the sums
<br /> �, � secured by thie Mostgage.'Lender and the receiver sliail He liable to necount only for those rents actuully receicecl. �
<br /> � :.:.... . .... . . . .... . , .. , ,,.: , . � _ .. ... .
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