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<br /> noG e�ctend or postpone tlie due dste oi tlie montlily inatnll�nents refcrred to in parn�raphs 1 und 2 hereof or
<br /> change the amount ot such installmen�c.
<br /> - ; 10. Borrower Not 'Releas@d. �xtension oF the time for payment or modification of amortization of the aums
<br /> � secured by this _lIortgage granted t�y I.ender to any successor in interest af Borro�ti�er sl�all not operate to relesae,
<br /> � in any manner, the liability o€ the original Borro�ver nnd Borro�vcr's successors in interest. I.ender shall not be
<br /> � required to commence proceedings agsinst such successor or refuse to extend time for payment or othernise modify
<br /> ' ; amorEization of the sums secured by tl�is \Iort�age by reasoii of nny demanci made by the original Borrower and �
<br /> � � Boaower's suacessors in interest.
<br /> O lI. Forbearance by'Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy
<br /> � hereunder, or otherwise afforded by applicnblelu« , shall not be a wai✓er of or preclude the exercise of any right �
<br /> � or remedy hereunder. The procurement of insurance or the payment of taxes or other liens or charges by Lender �_=
<br /> Q shall not be a waiver of Lender's right to uccelernte the �naturity of tkie indebtedness secured by this Mortgage.
<br /> 12. Remedies Cumulative. All retnedies provided in tl�is \tortguge sre distinct and cumulative to any other
<br /> '� � righE or remedy under this \Iortgage or afforded by la��• m• equit��, and ma� bc exercised concurrently, independ-
<br /> r ently or successively.
<br /> � � 13. Successors and Assigas Bound: Joint �d Several Liability; Captions. The co��ennnts and agreements ''
<br /> herein contained shall bind , und the rights I�ereunder shall iniire to, thc respective successors and assigna of Lender �
<br /> � ttind Bortower, subject to the provisions of paragr.iph 17 hereof. :111 covenants nnd agreements of Borrower shall
<br /> be joint and severri.l. The capbions and headinbs of tl�e paragr:iphs oC this \ Iort�a�e are for convenience onlp and
<br /> � are not to be used to interpret or define the ��ro�•isinns hereof. .�
<br /> , 14. Nolice. Any notice to Borrower pro�•ided tor in thie \lortgage .hult he gi�•en by mailing such notice by ;
<br /> ? certified mnil addressed to Borrou�er at thc Property Address atated bclo��•, c�cept ior :iny notice required under
<br /> ipsragrsph 18 hereof to be given to Borro«•er in tl�c inanner prescribed by ;tipplicable la�v. :1ny notice provided ;.
<br /> ; tor in this �Iartgage shall bc deemed to have bccu given to Borro�ccr when �;iven in the inanner designated herein. �;,
<br /> 15. Uniform Mortgage; Governing Law; Sevezabilily. "i'his iorm of inortguge combines uniform covenants �=
<br /> <{ for national use and non-uniform covenants witL limited �•ariations Up jurisdiction to constitute u uniform secu- �
<br /> ,; rity instrument covering real property. This \Iortgage shall bc governed by the la�c of the jurisdiction in which '
<br /> : x the Property is located. In the event that any provision or clause of thic \Iortgage or the Note conflicts with
<br /> ? applicable law, such conflict shull not affect other provisions of this \ lortgage or the Note which cun be given
<br /> � effect without the conflicting provision, and to this end the provisions of the \Iortguge and the Note sre declared '� '
<br /> to be severable.
<br /> , � 16. Bonowei s Copy. Borrower shall be furnished a conformed copy of this \Lortgage at the time of execu-
<br /> tion or sfter recordation liereof.
<br /> ;� 17. Transfer of the Property; Assumption. If nll or an,y ��art. of the Property or an interest therein is sold �
<br /> f or transferred by Borrower without Lender's prior �vritten consent , excluding (a) the creation of a lien or encum- `
<br /> brance subordinate to this �4ortgage, ( b) thc creution of a purchase moncy security interest for househoid appli- �: �f
<br /> snces, (c) a trsnsfer by devise, descent or by operation of la�r upon the death of a joint tenant or (d ) the, grant of ? ;;;.
<br /> any leasehold interest of three years or less not containing aii option to purchase, Lender inay, at Lender's option, ` '"
<br /> declare all the sums secured by this Mongage to be i�ninediatel}• ciue :ind payable. Lender shall have waived such
<br /> option to nccelerate if, prior to the sale or tran�fer, Lender aud tLc person to «•hom the Property is to be sold or ;,
<br /> transferted reacl� agreement in �vriting that tl�e credit of such person is satisfactor}• to Lender and thst the interest ` 'r'
<br /> paysble on the sums secured by this viortgage shall be at such rate us Lender shall request. If Lender has waived '' "�
<br /> the option to accelerate provided in this paragrapli 17 and if Borro«•er's successor in interest has executed a writ- " j;
<br /> , � ten assumption agreement accepted in �vriting by I.ender, I.ender shtsll release Borrower from all obligations under `
<br /> this Mortgage and the Note. �
<br /> If Lender exercises suc2i option to accelerate, Lender shall �nail Borrower notice oi acceleration in accordance �.
<br /> ,,� ccith paragraph 14 hereof. Sueh notice shall pro�•ide u period oi not tes: than 30 clays from the date the notiee is '�;
<br /> ' i mailed within which Borrower may pay thc sums declared due. If Borro��•er fails to puy such sums prior to the 'i`
<br /> `.� expiration of such period, Lender may. �vithoid turther noticc or Qemand on B'orro�rer, invoke any remedies per- •f
<br /> mitted by paragraph 18 hereof. ��
<br /> i
<br /> :� NON-U�7IFORDI COVENA .\'TS. BOl'I'OWEP RIlC� LC'I1CICl' t�Ul'L�1Cl' COV@Il}3llt i111C1 agree as follows : � �
<br /> � 18. Acceleratioa; Remedies. Escert as ��ro�•idr�! in � >aragra��h 17 hcreof, upon Borrower� breach of any `
<br /> ; � covenant or sgreement of Borrower in this \Iort�;a�c. including thc covenants to pay «�licn due any cums secured '
<br /> � by this �fortgage, Lendcr �� rior to accelerution �hull inuil noticc to Borro��•cr a� pro�•ided in pnragra��li 14 l�ereof
<br /> specifying: ( 1 ) the breach : (2 ) the nction requircd to cwr �ucl� brcacli : i3 ) u datc, not less tLnn thirty days
<br /> Srom the datc the noticc is niuiled to Borro�ccr, b�• ���hicl� sucli hrcach uwst bc cw•ed ; dnd i41 that fsil�rc to cure
<br /> }� such breach on or before tl�e datc specified in tlie noticc rosy result in acceleration ot the ,uui� securnd by this
<br /> ,� biortgage and sale of the Yroperty. If the breach is noi cured on m• before tfie date specificd in the notice, Lender
<br /> at Lendere option may declnre nll of the aumc secured by this \fortgage to be immediatel,y duc and payable
<br /> .� without further demand and may Coreclose tl�is J4ortgage b�• judicial procceding. Lender shall be entitled to co]Ieet
<br /> � in such proceeding all expenses of foredosurc, includiug, but not limited to, costs of documentary e�•idence,
<br /> ssbstracts and title reports.
<br /> 19. Boaowor's Riglat to Reiastate. Notu•ithtstanding 7.ender's ucceleration of the sum� .ecured by this
<br /> i Mortgage,Borrower shall have the right to ha�'e uny proceedings begun by Lendcr to cnforce this �tortgage dis-
<br /> � continued at uny time prior to entry of a judgment enfoXcing thi; �Iortgnge if : la ) Borro�ver pays I.ender all
<br /> � sums which would be then due under this JIortguge, the Note nnd notes securing Futurc Ad�•a�ce.a, if any, had no
<br /> � acceleration occurred ; (b ) Borrower curec all breache� of any otl�er co�•enants or agrcements of Bonower con-
<br /> , } tained in this Mortgage ; (cJ Borrower pays all rensonablc espenses incurred b,y T.ender in enforcing the covenants
<br /> 9 and agreements of Borrower contained in thic �fort �en�e nnd in enforein� Lendcr'� rnmedies as provided in rarn-
<br /> graphl8 hereof, including, but not limited to, rensonnUle uttorney'� fee_ : zin�l fdl $orrowcr takes such aetion as
<br /> Lender may rnasonably require to assure that the lien ot this �lortgage, Lender's interest in the Property and
<br /> Borrower's obligation to pay the sums secured by thia \Iortgaqe �hall continue unimpaired. i?pon cuch payment
<br /> and cure by Borrower, this Mortgege and the obligation, zecured l�ereb�• �hnll remain in full force and effect ns if
<br /> �. no acceleration had oecurred. - ; .- c-s� :.
<br /> .j 20. Aasigatmeat ot Rents; Appoi:stmept o! Raceiver; Lender ia Possessioa. As ttdditional security here- ; ,� ,;`
<br /> under, Botrower bereby assigns to Lender the rents of the Property, pro�•ided thaE Bomo�ver shslt, prior to acceler- f ;' � =
<br /> ation uiider psragraph 18`hereof or abandonment of thc Property, I�avc thc right to collect and retain such rents J f`
<br /> as.they becori�b due snd payabie. �' u ' j;'
<br /> Upon, acceleration under psragrapli 18 hcreof or abandonment of the Yroperty, Lender, in person, by agent �` � � , ,
<br /> s� or by. jwdioially appointed receivershall be entitled to enter upon, tiake posse�sion ot and mana�e the Property ,a£ :, �
<br /> snd to collect the rents oi the Prope;ty; including those pnst duc. All rents collectc-�i by Lender or the receiver ����• � 'w ."-�
<br /> �`� shsll be applied ,first to payment of;the coats oi management of the Property snd collection of mnts, including, bui
<br /> not limited to, receiver's fees, premiums on receiver's 4onds and reasonable xttorney's fces. and then to the sums
<br /> :;� secured by this Mortgage. Lender and the receiver shatl he liable to account only for those rent_s actuullp received.
<br /> A �
<br /> �r.rv_ v.,t-ne • . . . . , .. ....Au ...q . . ..
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