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<br /> not extend or ��ostpone the due dute of thc mont.itly installment� refcrred to in paragraphs 1 and 2 hereof or
<br /> change the nmount of such' installments.
<br /> 10. Boaower Not Released. �xtension of the time for payment m� modification of ctmartization of the sums
<br /> 1 secured by this �Iort�age granted'I�y Lender to anv successor in interest of Borrower shall not operate to release,
<br /> : in uny manner; the liability of the original Borrower und Borroaver's successors in interest. Lender shall not be
<br /> � required to couimenee proceedings sgainst sueli successor or refuse to extend time for payment or otherwise modify '
<br /> amortisation of<the eums secured by this \ [ortgage by reason of any demand made by the original Borrower and r ' , �
<br /> ' r� � Bonower'ssucbeasors�in� interest. �' � � . � � . . . . � � . � � . . .
<br /> ; ; � 11.`'Forbe�aaee by Leadez Not a Waiver. Any forbearancc by Lender in exercising any right or remedy F
<br /> hereunder, or otherwise afforded by npplicable larv, s6s11 not be a waiver of or preclude the exerciae of any rigFit ' ` " .�
<br /> ' P- or remedy hereunder. The procurement of insurance or thc payment of tuxes or otlier liens or charges by Lender
<br /> : , � � shalI not be a waiver of Lender's right to acceterate the maturity of the indebtedness secured by this Mortgage.
<br /> C� 12r; Remedies Cumulative. AlC remedies provided in t!iis \Zortga�e are distinct and cumulative to any other
<br /> � '{ Q right or' remedy under this \Iortgage or affordeti Uy la�c or equit,y, snd may be exercised concurrently, independ- �
<br /> ` 1 C ently, or successively.
<br /> � 13. Suecessors �d Assigns Bound: Joiat �d Several Liability; Captioas. The covennnts and agreemente
<br /> i herein contained shalt bind, and the rights l�ereunder shalI inure to, the respective successors and nsaigns of Lender
<br /> I a0and Borrower, subject to the provisions of paragruph ] 7 hereof. All covenants nnd agrecments of Borrower shall f
<br /> be jointand severul. The captions and headings of the paragraphs of this \ fortgafie are for convenience only and
<br /> ; � are'not to be used to interpret or define the proviseons lfereof. � �
<br /> ( 14. Notiee. Any noticc to Borrower pro�•ided for in this \lortgage shall be gi��en by mailing such notice by '
<br /> certified �nail addressed to Borro�ver nt the Property Address stated bclo«• , except Cor nny notice required under %
<br /> `` paragraph 18 hereof to be given to Borro�cer in thc munner �n•escribed b�� a�pplicnble law. Any notice provided �
<br /> ' for in this �Iortgage ehall t>e deemed to h1�•c becn given to Borro�c�er when gi�•en in the manner desi�nnted herein. `'
<br /> ' 15. Uniform Mortgage; Governiag Law: Sevezability. Thic form of mortga�e combines unitorm covenanta � ?
<br /> for national use and non-uniform covenants �vitl� limited variations by jurisdiction to constitute a uniform secu- �
<br /> y, rity inatrument covering real property. This \Iortgage shall be governed by the la�v of the jurisdiction in which *`'-
<br /> the Property is located. In the event that any provision m• clause of this tiiortgage or the Note conflicts with � ' y
<br /> .E applicable law, such conflict shall not nffect otlier provisions of this �lortgage or the Note which cun be given
<br /> ; effect without the conHicting provision , and to this end the provisions of the l[ortgage and the Note are declared
<br /> � to be severable.
<br /> ' 16. Boaower's Copy. Borrower shall be furnished a conformed copv of this �Iortgage at the time of execu- 1 '
<br /> tion or sfter recordation hereof. , „ '
<br /> ' E 17. Traasfer of the Property; Assumption. If all or any part of the Property or an interest therein is sold �� , , ;;
<br /> ;' or transferred by Borrower �vithout Lender's prior written consent, excluding (al the creution of u lien or encum- x�Y:
<br /> �: branee subordinate to this \lortgage, ( b) the creation of n purchase money security interest for household appli- ti;
<br /> °i ances, (c) a transfer by devise, descent or by operation of ]a«• upon the death of a joint tenant or (d) the grant of ; _�'
<br /> � any leasehold interest of three years or less not containin� an option to purchase, Lender mny, at Lender's option, ' „4T'.
<br /> i declare all the sums secured by this Mortgage to Ue iu��nediately due 3nd payable. Lender shall huve waived such ��;d
<br /> �I option to accelerate if, prior to the sale or transfer, Lender uiid tl�e person to whom the Property is to be sold or ' " �s `:
<br /> ` j; transferred reacl� agreement in writing tliat the credit of such person is satisfactory to Lender and that the interest
<br /> i: paysble on the sums secured by this �fortgage shall be at such rate as I,ender shnl! request. If Lender has waived y"'
<br /> , ;,: the option to accelerate provi3ed in this parugrapli 17 and if Borro�rer's successor in interest has executed a writ- ,� rC
<br /> ; ten assumption sgreement accepted in writing by I.ender, Lender shnll release Borrower from all obligations under `"
<br /> ' f thia Mortgage and the Note. �;
<br /> ' j; If Lender exercises such option to nccelerate, Lender shall u�uil Borrower notice of acceleration in accordance „�.,�x
<br /> witl� paragraph 14 hereof. Such notice shall provide n �ieriod of not less than 30 days from the date the notice is "�
<br /> mailed witl�in which Borrower may pay the sums declured duc. I £ I3orrower fails to pay such sums prior to the � �
<br /> }� expiration of such period, Lender �nny, �vithout fuiKher notice or demand on $'orrower, invoke any remedies per- '�
<br /> ' mitted by paragraph 18 hereof.
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<br /> � `'ox-Uxrn�onnf CovExexTs. Bori•o�ver and Lendei• fui•tl�er co�•enant and a�t•ee as follo�vs :
<br /> yti
<br /> ' 18. Accelezation; Remedies. Escept ss� providerl in �iuragr.�pl� 17 ]wrcot, upon Borrower's brench of any T
<br /> ;i; covenant or agreement of Borroi�•er in tl�is \tortgngc, including thc covenants to pay �vhen duc any sums secured �'r
<br /> , � , by this \fortgage, Lender lvior to a�cceleration �hal ! mail noticc to Borro�vcr as pro�•idcd in paragraph 74 hereof
<br /> specifying: ( 1 ) the Ureacli ; (21 tl�e aotion rcquired to cure sucli breach ; 131 a dntc, not Icss tlian thirty days
<br /> � � ' from the datc the notice ic muiled to Borro«•cr, i �y ��•hich �uch brench must be cwrd ; snd ( 41 that failurc to cure
<br /> : 3 �uch breach on or before tl�e date specified in the noticc n�uy result in acceleration ot the sums secured by this
<br /> i Mortgage and sale of the Property. If the breacl� is not cured on or before the �ate specified in the notice, Lender
<br /> I at Lender's option way declure alI of thc suuis secured Uy tliis \-Iortgngc to be immediatcly due and payable
<br /> without further demAnd and may foreclose this �lortgnge t�}• judicial proceeding. Lender sl�all bc entitled to collect
<br /> " j' in such proceeding all expenses of foreclosurc, incloding, hut not limited to, cos[s of docuinentary e�•idence ,
<br /> < nbstracts and title reports.
<br /> ` i 19. Borrower's Right to Reiastate. Not«•ithatanding I,ender's accelerntion of the sumc secured by this
<br /> Mortgage, Borrower shall have the right to have any proceedings begun by I.endcr [o enforce this �lortguge dis-
<br /> continued at nny ' time prior to entry of a judgment enfotcing this \Iortgage it : 1u ) Borroµ•er pays I.ender all
<br /> ,- j aums which would be then due under this 1lortga�e, tl�c \Tote nnd notes securing Future Ad�•sucee, if any, had no
<br /> , t, acceleration occurred ; ( b) Borrower cures all brcachen of :xm• other co�•cn:intc or ugrcements of Borrower con-
<br /> ' tained in this Mortgage ; (c) Borrower pays all reusonablc e�penses incurred b}• i.ender in cnforcing the covenants i
<br /> � ; and agreements of Borrower contained in thia J3ortgnge snd in eniorcing 1.ender'. remedies ns provided in par$-
<br /> T' graph 18 hereof, including, but not limited to, renconable . attorne}• '= [ees ; and Idl Borro�ver takes such action as
<br /> ? : Lender may reasonably require to sssure that the lien of this \Iortgagc, 7.ender'� interest in the Property and
<br /> ' Boaower's obli atioa to a the sums secured b thi= �4ort a e shnll continuc ��nim aired. U on such � '
<br /> B P Y Y K S P P Payment
<br /> ' � ; and aure byBorrower, this Mortgage and the obligations �ecured hereb}• shall remain in full force and effcet ns if �; '-
<br /> , ; no acaeleration had occurred. -�-r—.-
<br /> '> ; 2�• Aass4nm•at o! R�ats: Appomtment of Receiver. Lender ia Possession. :1s sdditional security here- , "
<br /> F +s under, Borrower hereby sasigns to Lender the rents of 4he Propert.y. pro�•ideci that Borroe•er shall , prior to acceler- x ;; '�'
<br /> � ; ation under parsgraph 18 'hereof or 'sbandonment of the Property, have tl�c right to collect and retain such rents ='=�
<br /> ` �; as they ,become due and. paysbie. � � � �� � ' � � � � � � ",�
<br /> yy� ' , Llpon',acceleration under paragraph 18 hereof or'abandonment of the Yroperty, Lender, in Person, by agent � " `,� .,�
<br /> $ � ; :or by;+judicislly appointed,receiver shall be entitled to eater upon . take poa¢es5ion of and manage the Property * ` ;���
<br /> •�, : snd to-:collecttherrents. of.:°therProperty, including :those past due. Alt ��ents collected by Lender or the receiver ��� -ti'�
<br /> :"-`� ' ahall be:a�plied firatto'papment of the coats of managemeat of tlie Property and collection of rents, includin�, but
<br /> j not limited to, receiver's ;fees, premiums on receiver's Uoncis and reasonnble uttorney's fees. and then to the sums
<br /> '%� seeured by Lhie Mortgage. I.ender and the receiver sGall he linble to account only for those rents actunlly receiced.
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