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<br /> not extend 'or postponethe due dute oi tLe monthly iustalhnentc reterred to in paragraphs 1 und 2 hereof or
<br /> change the amount of such ix�stallments: '
<br /> � 10. Bonower Not Released. �xtension of the time for payu�ent or modificntion of amortization of the eume
<br /> ` secured 6y this Mortgage granted by I.ender to nnv successor in interest of Borrower shall not operate to relesse,
<br /> � � in any-msnner; the lisbility oF .Elie original I3orrotver and Borron•cr's successors in interest. Lender ahall not be ' ' "
<br /> � requi;ed`to commence proceedings againat such successor or refuse to eutend time for payment or otherwise modify �� ' f
<br /> ' xmortitiation of the sums secured by tl�is \Iortgage by reason of any demand made by the original Borrower and i = ° T
<br /> � Bonower's euccessors in interest. . ! ;
<br /> � � ' 11. : Forbe�ance by Leader Not a Wmver. Any forbearance by Lender in exercising any right or remedy �," „
<br /> , � � hereunder, or otherwiae afforded �y applicable ' la�v, shall not be n waiver of or preclude the exerciae of any right � a -;;
<br /> 0 or remedy hereunder. The procurement of insurance or the payment of taxes or other liens or charges by Lender S,,' �>
<br /> ` � shall not be a waiver of Lender's right to acceler�te the maturity oF the indebtedness secured by this Mortgsge. r. ;
<br /> t � 12. Remedies Cumularive. All remedies provided in this \fortgage are distinct und cumulative to sny other � r,�
<br /> # � right or remedy under this lIort�age or nfforded 1>� ln��• or eqi�ity, and �na�• bc exercised concurrently, independ- ,,- , '
<br /> ently or succeesively. � ': "
<br /> ; � 13. Sueeeasors �d Aseigas Bound; Jomt �d Several Liability: Captions. The covenants and agreemente
<br /> ^ herein contnined shall bind, and the rights hereunder �hall inure to, thc respective successora nnd assigns of Lender •`
<br /> and Borro�der, subject to tlie provisions of ��aragrnph 17 l�ereof. All covenants and agreements of Borrower ehall f `. 2
<br /> i be joint nnd seceral. Thc captions unci headings ot tl�e puragrnpl�c of this \ lortgage are for com•enience only and "
<br /> ;, are not to be used to interpret or define ti�e provision. I�ereof. ;,;
<br /> � 14. Notiee. Any notice to Borrowcr pro�•ided for in tl�is \lortgage �hsll be gi�•en by mailing such notice by t .
<br /> � certified muil addressed to Borrower ut tLc Propert �- Address etateit hclo�c , except for uny notice required under ='_ }::
<br /> j paragraph 18 hereof to be given ro Borro�cer in ihe m:tm�er prescribed by applicablc law. Any notice provided f;
<br /> � for in this �fortgage shsll bc decmed to l�avc becu gi�•en to Bon•o�cer �vLen givcn in the �nanner designated herein. �:. �,.
<br /> i 15. Uniform Mortgage: Goveming Law; Sevezability. 'fhis form of znort.gage combines uniform covenants n ,;
<br /> ; for national use and non-uniform covenants ivitl� limited �•ariations by jurisdiction to constitute a uniform secu- ��'
<br /> ' rity inatruruent covering real property. This \tortgage shnll be governed Uy the law of the jurisdiction in which '
<br /> � the Property is locssted. In the event that any provision or clause of this \-iortgage or the Note conflicts with k. ,
<br /> 1 upplicuble law, such conHict shall not affcet other provisions of this �tortguge or the Note which can be given . «
<br /> effect without the conflicting provision , and to this end the provisions of the JIortguge and the Note are declared �
<br /> ito be severable. t_ ,
<br /> 16. Borrower's Copy. Borrower shal( be furnished a conformed copy of this �4ortgage at the time of execu- +
<br /> ` I tion or after recordation hereof. +"-
<br /> { 17. Tr�sfer of the Pzopazty; Assumption. If all or any part of the Property or an interest therein is sold � Y ;
<br /> i or transferred by Borrower �vithout Lender's prior written consent , excluding (a) the creation of u lien or encum- ,, ;
<br /> r brance subordinate to this Mortgage, ( bl th¢ creation of a purchuse money security interest for household appli- , +;
<br /> } ancea, (c) a transfer by devise, descent or by operation of la«- upon tfie death of a joint tenant or (d) the. grant of `
<br /> � any leasehold interest of three years or less not containing un option to purchasc, Lender may, at Lender's option, `
<br /> + declare all the sums secured by this Vlortgage to be immediatcly due :ind payable. Lender shnll have waived such
<br /> � option to accelerate if, prior to the sale or transfer, Lender and tl�e person to whom the Property is to be sold or ? , '
<br /> y transferred reach agreement in writing that tlie credit oi such �ierson is satisfactory to Lender and that the interest � ?
<br /> S payable on the sums secured by this viortgage shall be at sucl� rate :is I.ender shssll request. If Lender has waived b. ,�,;
<br /> A the option to accelerate provi3ed in this paragraph 17 and if Borrower's successor in interest l�as executed a writ- h _ ' '�
<br /> � ten aesumption agreement accepted i`n �vriting by Lender, I.ender shall release Borrower from all obligations under � , „
<br /> t this Mortgage and the Note. � �
<br /> � If Lender exercises sucl� option to uccelerate, Lender shall ±uail Borrower notice of acceleration in accordance ,� '
<br /> �vith paragraph 14 hereof. Sucl� notice shnll pro�•ide a period of not less tlian 30 days from the date the notice is : ' '::
<br /> mailed within whicl� Borrower may pay- tl�e swns declnred due. It Borrower fails to puy such sums prior to the ` '
<br /> � � I expiration of such period, Lender may, witliout further notice m• deinand on B'orrower, in�•oke any remedies per- i +r
<br /> j `
<br /> mitted by psragraph 18 hereof.
<br /> � ��Tox-Uxisoe.ni Covsxw�xs. Borro�cei• Nnd Lendei- furtl�er covenant aiid agree as follo�vs : ;
<br /> 18. Aeeelaration; Remedies. Except as pro�•ided in � �aragr.ipL 77 hereof, upon Borrawer's fireacli of any {
<br /> � covenant or agreement o[ Borrower in this \Iort�agc. inclading thc covenants to pny �vhen due any sums secured ` =:
<br /> - � by this \lortgage, Lender prior to ucccleration �h�ll m:�il nocicc to Borro�ver as provided in paragrapl� 74 Lereof � '
<br /> j specifying: ( 1 ) the breach ; (2) tl�e nction required to curc �ucli hreacl� ; (3 ) a date, not less thnn thirty days �
<br /> J from the date thc noticc is mailed to Borro�cer, I�p ��9iicl� sucF � brench �nust be cured ; and (41 that fuilurc to cure -'
<br /> � such breach on or before tl�e date specified in tlie notice mssy result in scceleration of tl�e smns secured by this ;
<br /> `i Mortgage and sale of the Yroperty. If the breuch is not cured on or beforc the date specified in tlie notice, Lender
<br /> � ;E at Lender's option inay declarc nli of the sums secuird by this Viortgagc to be im�nediatelv due and payable
<br /> � withaut further demrsnd and may foreclose this �Iort�age by yudicial proceeding. Lender shall be entitled 10 collect
<br /> f in such proceeding ssll expenses of foreclosure, including, but not liroited to, costs of docuinentary evidence,
<br /> abstracts snd title reports. •, � :'
<br /> j 19. Borroweis Hight to Reiastate. NotH•itl�standing Lender's ucceleration ot the sum� secured by this
<br /> , � Mortgage, .Borrower shall have the right to have any proceeciings begun by Lendcr to enforcc this �tortgage dis-
<br /> . f continued at say time ptior to entty of u judgment. enfoTcing this �Iortgage if : ( ul Botro�rer pays Lender all
<br /> sums which, would be then due under this \Iort�age, tl�c Note nnd notes securing Future Advances, if any, had no
<br /> 1 acceleration occurred ; (b) Borrower cures all breaches of any other cocensnts or ugrcement�a of Borrower con-
<br /> - , � tained in thia Mortgage ; (c) Borrower pays ull reasonable e���enses incurced hv i.ender in enforcing the covenants
<br /> , , � sad agreements' of Borrower contained in this \-Iortgn�;c and iu enforcing Lendcr's remedies as provided in para.-
<br /> graph 18hereof, including, but not limited to, rnss,onuble uttorney '_ tee; : und � d ) Borruwer takes sueh action x�
<br /> I.endeC may reaeonably require to assnre that thc lien of this \iortgage, Lender's interest in the Property and
<br /> t Borrower's'obligatioa to pay the sums secured hy thie \?ortgaGe shall continuc unimpaired. Upon such payment
<br /> �
<br /> ' `� andmaute. liy Borrower, bhis Mortgage and tl�e obligations eecured hereby shsIl mmain in full force nnd effect as if n,
<br /> � no sooeleration had occurred. ��'" � '
<br /> tw ,� 2Q. Aasigament ot Rsats: Appoiatment of Receiver; Lender in Possession. As additional security here- ;
<br /> underi Borrowethereby saeigcis to Lender the' rents of the Propert.y. pro��ideci that Borrower shall , prior to acceler , 'N'`
<br /> ;; ation under paragrsph I8 hereof or abandonment of the Property; havc the right to collect and retain such rents ��
<br /> �, :' es they' become iipe and payable. ' � -
<br /> w �4, .' �Jpon acceTerltion "under paragraph 18 hereof or' abandomnent of the Yroperty, Lender, in person, bg agent � x ' �
<br /> � ' or "bq .judicially" appointed 'receivertshatl be entitled to enter upon, take possession of and �nanaRe the Property �"' �
<br /> _�7 sad to coAept the`tents "of the Property, inclvding thqse Past due. All renta collectecl by 7.ender or the recciver " '""h ' ' !
<br /> "`, � shalT be'.spplied- Srst to payment of the coats o£ inanage�nent of the Property snd coile�tion of rnnts, inrluding, but
<br /> :"y ' not�limited to; reeeiver's fees, premiuma on receiver's bond� and reasonable attorney'R fees, and then to the sums
<br /> • ;' "� : eecured'bq thie Mortgage. Lenderand the receiver alisll be liable to account only for those rents actually recci�•ed .
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