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<br /> � not extend or poatpone the dne date of the montlily instnil�nents referred to in paragraphs 1 und 2 hereof or
<br /> � change the amount of such installmenta > , .'
<br /> � 10. ' BorrowacNot Released. Extension of the time for pa,yment or �nodification of umortization of the sums � '� �'
<br /> ' secured by thia Mortgnge 'granted by Lender to uny �ucGessor in interest of Borrower shall not :operate to relesse, h - � ., � "`� �-
<br /> „ ; � m any'masiner; the �tiability of the original Borrower and Borrower's succesaors in interest. Lender shall notbe �r� + < ;� p r, ` ,� �*�r"
<br /> � % required to:commence psoceedings ag'ainst such suceessor or refuse to extend time for payment or otherwiae modify �`y F � 'ir ; ,, � � ;��' .��
<br /> '�s 0 smortiaation of the sums7secured ' by this \fortgage by reason of any demand made' by the originsi Borrower snd E�� ^ � af `�'�, � <4 'S5 %
<br /> � Borrower's successors in interest. . �� � �� , �;
<br /> � � � �11. Forbear�ae by Leader Not a Wmver. Any forbearancc by Lender in exerciaing any right or remedy � + � a � ` i ` i � :, , � '
<br /> ; � hereunder, or otherwise afforded by npplicable lai�•, shall not be a wai ver of or preclude the exercise of any right . "'�' , !':, � : , ` ^� '�u�``b•
<br /> � or reriiedy hereunder: The procurement of insurance or the payment of taxes or other liens or charges by Leader �,��, . ': �r:, :+ '+
<br /> =�. shalt not be a w'siverbf' Lender's right to accelerate the maturity of t1�e indebtedness secured by this Mortgage. f� !';; ` �,`�=
<br /> �r x �cx
<br /> :� 12r Remediea Cumulativ8. ` All remedies provided in tliis MoTtgage are distinct and cumulative to any other ' . °
<br /> > ri ht orzemed under this llort a e or ufforcled b la�r or c uit and ma Uc exercised concurrentl ' inde end- �F ' ` �'" t�`
<br /> g ' B Y S g Y 9 Y, Y Y, P
<br /> , eatlg or succeesively. i
<br /> 13. Succeasors �d Assi Bouad; Joint �d Several Liabilit C i '
<br /> 4sis y: aptions. The covennnts and agreements �,Y,
<br /> -:i herein contained shall bind, and the rights l�ereunder shalt inure to, the res pectivc successors and assi g ns of Lender rM . � s � t
<br /> und Borrower, subject to the provisions of paragrnph I7 hereof. All covennnts and agreements of Borrower ahall ° � '' �
<br /> .� : be joint and severn2. The captions and headings af tlie paragmpl�s of this 3fortgage are for convenience oniy and �{ � ' , �
<br /> are not to be used to interpret or define the provisions hereof. ; r �
<br /> , � 14. Notice. An y notice to Borrower pravided for in th is \l o r t g a g e s h n l l b e g i v e n b y m n i l i n g s u c h n o t i c e b y kt - ``' ;Y r'
<br /> certified �nail nddressed to Borro�ver at the Yroperty Address stated beto«•, except for any notice required under ' -` ¢�i
<br /> ' ^� paragraph 18 hereof to be given to Borro��•er in tl�c manner prescribed by applicable law. Any notice provided a � , '��
<br /> for in this tilortgage shall be deemed to l�ave been given to BorroH•er when given in the manner designated herein. � � { , „' ;y,,
<br /> 15. Uaifortn Mortgage; Govemiag Law; Severability. 1'his form of mortga�e combines uniform covenants '� � � , ;
<br /> ! � for nstional use and non-uniform covenants with limited �•ariations by jurisdiction to constitute a uniform secu- � ` �° F '� �
<br /> rity instrument covering real property. This \-fortgage shatl be governed by the la«� of the jurisdiction in which ,� n,s �''`
<br /> the Pmperty is located. In the event that any provision or clsuse of this \rIortgage or the Note conflicts with r : < � ¢
<br /> `_F spplicsble 1aw, such conflict shali not affect other ��rovisions of tl�is �4ortgage or the Note which cun be given �" t
<br /> ' . � effect without tLe conflicting provision, und to this end the provisions of the �fortgage and the Note are declared , �yz ,y �`?
<br /> to be severable. �
<br /> , � I6. Borzower's Copy. Borrower shall be furnislied n conformed copy of this \3ortgage at the time of execu- � , � �
<br /> r . 1 �vr�
<br /> tion orsfter recordation hereof. f�, � rW `
<br /> 17. Traaeier of the Property; Assumption. If all or any pnrt of the Property or an interest therein is sold � �'r
<br /> or ttanaferred by Borrower �vithout Lender's prior written consent, excluding (a) the creation of a lien or encum- � ` � �� ��
<br /> brance subordinate to this Viortgage, ( b) the creation of a purchase money security interest for household appli- � - ' `� Tw ;;�;
<br /> ances, (c) a transfer by devise, descent or by operation of la«• upon tl�e death of a joint tenant or (d) the grant of i. t.-;: �z,:�,*�;�,„�
<br /> anylessehold interest of three years or less not containing an option to purchase, Lender may, ut Lender's option, '" �
<br /> declare sll the sums secured by this vIortgage to Ue iinmediately due and paysble. Lender ahall have waived such '� � y � ��'?
<br /> o tion to accelerate if p 3, � � ` ti.�r,F�;�;
<br /> p , prior to Llie sale or transfer, Lender and the person to whom the Pro ert is to be sold or ,, u � ,�
<br /> tranaferred reaeh agreement in writing that the credit of such person is satisfactory to Lender and that the interest � ��}�
<br /> payable on the sums secured by this Mortgage shsll Ue at such rate as Lender shall request. If Lender has waived �S�,:a �,s�
<br /> the option to accelerate provi3ed in `his paragrapL 17 and if Borrower's successor in interest has executed s writ- ' ;; ;�w„�
<br /> ten sasumpt.ion agreement accepted in �vriting by 7.ender, Lender shall release Borrower from sll obligations under � � * � y ��,
<br /> ; thia 1Vlortgage and the Note. �'�
<br /> If Lender exercises such option to accelerate, Lender shall =nai1 Borrower notice of acceleration in accordance ' ' fi.,", ?�
<br /> � wi t h paragrap h 1 4 hereo f. Suc h notice s hall provide a period of not less tl�ssn 30 days from the dste the notice is a '' , ^
<br /> �� mailed within wLich Borrower may pay the sums declared due. If Borrower fails to pay such sums prior to the � • ° � ' � ,
<br /> expiration of .such period; Lender inay, �vitl�out furtl�er naticc or demand on B'orro�ver, invoke any remedies per- � � ` `�at „r�
<br /> mitted by psragcaph 18 hereof. � s:
<br /> � � J
<br /> Nox-UxiFoxM Covsxw�Ts. Borrower and Lender furtl�er coventint and agree as follows : <:`� �r
<br /> „ 18.` Aeeeleratioa; Eemedies. Except us provided in �iarugra��h 17 hereof, upon Borro�ver's breach of "uny �+ ` �
<br /> covenant or agreement of Borroa•er in t6is �Iortgagc. including tLc covenants to pay when due any sums securec( r.
<br /> b this �1ort = � �
<br /> y gage, Lender prior to aceeleration �huli mail notice to Borro«•cr as ��rovided in paragraph 14 hereof
<br /> apecifying: ( 1) the breach ; (2) the action rcquired to cure sucli breael� ; 13 ) n date, not Icss thnn thirty days ': ' ' ' ;'_
<br /> ;; from the datc the noticc is mailed to Borro«•cr, b�• ��•liich �urii l�rc:ecli �nust bc cured ; and (4 ) that tailure to cure '� ' '`
<br /> such breach on or before the date specified in the noticc may result in neceleration af the sumc secured by this " '' �
<br /> Mortgage ssnd sale of the Property. IF the brescl� is not cured on or before tl�c date specified in the notice, Lender ' r � >?
<br /> at Lender's option may declare all of the smns secured by tl�is �fortguge to bc immedintely due and payable
<br /> without further demand and may foreclose tliis �-Sortgage b}� judicial proceeding. Lender shsll he entitled to collect �
<br /> in such proceeding all expenses of foreclosurc, including, but not limited to, costs of docuuientary evidence,
<br /> abstrsets and title reports: �;>
<br /> ;;, . , 19. Borrow�r's Right to Reiastata. �1'otw�ithstunding 7.ender's ucceleration of the sutns secured by this
<br /> MorEgage, Borrower shall hsve the right to have any Proceedings hegun by J,endcr to enforcc this Mortgage dis-
<br /> continued at any time prior to 'entry of s judgment enfo)rcing this \Iortgage if: (a ) Borrower pays Lender all
<br /> �; euma which would be then due under this ilIortgage, thc Note nnd notes securing Futurc Advances, if any, had no ':
<br /> ,� , acceleration occurred ; (b) $orrower cures nll brenches of a�y other covenanta or agmements of Bonower con- �-Y
<br /> � teined ia this Mottgage ; (c) Borrower pays stl reasonabie expenses incuneci by- T.ender in enforcing the covenants
<br /> ;� and �greement,� of Borrower contained in this \fortE!cige and in enfurcing I.endcr� remedies as provided in para- , ; , �;
<br /> graph 18 hereof, inclnding; but not limited to, rensonable attorney'e fees ; and !d ) Borrower takes such action as , , ,
<br /> ` .Lender ms resaonabl - ; W�
<br /> y y reqture to ,aeaure that the lien bf t6is \tortgage. Lender's interest in the Property and . �yr�� .: �� y,
<br /> , Borrower's obligation to pay the sums secured hy thic VIortgnge eliull continue unim�aired. Upon such payment ,
<br /> :sMi`mu�e by. Borrower, this 1Vlortg"age and the'obligations aecured hereby shnll recnain in full force and effect as if ' '"'�"� -
<br /> no acceleration had occurred: '
<br /> 20- 1Sssi9nwutt of �nts. Appo3aUment of Receivar; Leadsr. in Poaseasiom As additional security here- � '
<br /> niider� Bo ;riower hereby, aseigna to T.ender the ients of tl�e Property, pro�ided tha4 Borrower shall, prior to acceler-
<br /> sEion un'�ar Qaragraph 1S hereof or absndonment of the Property, have the rig}it to collect and retain auch rents :�
<br /> ae:they,+become dUe-sad psqable ' ' - �. <
<br /> , . ;,,
<br /> ; ,�'L�oaZaaceleration;i�der Paragraph ' 18' hereat or ahandonment oi the Yroperty, Lender, in person; by agent �'�
<br /> av
<br /> � �or bpc�adiraslly 'appoiated 'receiver�BhSli be� entikieil to 'enter "u�on, take noas�sion af and manage thc Property � �'
<br /> � �:. �-
<br /> � ' ; snd Lo?.bolleet the 'rente of:the Propesty, including those psat- due. All renfe collecteci by I.ende� or the receiver
<br /> ; shaiL be;apphed firatrto payment ofthe costa of management of the Property and collection of rents. including, hut
<br /> not aimited to, reCelxec's fees, premiums on mceiver's Uonds and rnasonable attorney's fees, nnd then to the sums
<br /> �� ' secure[3 bytfns MoiEgage. "Lender and' the receiver shall be liable to accounf only for those rents actunlly received .
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