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<br /> °; nat extend or poatpone the due date of the monthly inst:� llments referred to in pnrngrsphs 1 and 2 hereof or ;`
<br /> � change 'the smount of such instailments. I =;
<br /> l0. Borrower NoiRaleased. ` �xtension of the time for payment or modification of umortization of the aums ��
<br /> � secured by,tI�is Mortgage granted by Lender to any successor in interest of Borrower shall not operate to release, , ,�' � '
<br /> y : in any -nnantYer,. tlie liability of tlie` original $orro�ver and Borrower's successors in interest. Lender shall not be e . �r�£
<br /> required to'commenca proceedings sgainst 'such auccesaor or refuse to extend time for payment or otherwiae modify * � ?,a�
<br /> amortization of the sums secured Uy this \tortgage' Isy reason of any demand made by the origina( Borrower and �` , , 4 YE " ��
<br /> Borrower'e sucoeaeors in interest_ � 'x �
<br /> "11. `Forbear�ace b� Lender Not a: Waiver. Any forbearance by I.ender in exercising any right or remedq � � ' �”
<br /> 6ereunder, or otherwise afforded by applicable law, shull not be a �vaiver of or preclude the exercise of any right 5 " � �;. ', :z
<br /> � or remedy hereunder. The procurement of insurance or the payment of taxes ar other liens or chargea by Lender i °
<br /> � 9hs11 not be a wsiver of Lender's right to accelerate the maturity of the indebtedness secured by this Mortgage. � u"
<br /> Qj 12. Re�dies Cumulative. Allsemedies provided in thisJ4ortgage are distinct and cumulative to any other �.� � , ;
<br /> p right orremedy under this �fortgage or uftorded by la«• or equity, and may be exercised concurrently, independ-
<br /> � ently or succesaively. k %�
<br /> � d3. Suceessors m�d Assigas Bound; Joint cmd Several Liability; Captions. The covennnts and agreements
<br /> herein 'contained shall bind, and the rights hereunder shall inure to, thc respectivc successors and osaigns of I,ender , L.
<br /> r and Borrower, aubject to the provisions af paragrnph 17 hereof. :111 covenants and agreements of Borrower shall
<br /> � be joint and severet. The captions und hendings of the paragraphs of this tIortgage are for convenience only and
<br /> n are not to be nsed to interpret or define tlie provisions liereof. t` + '
<br /> 14. Notiea. Any notice to Borrower pror•ideci for in this \lortgage shall be gi�-en by mailing such notice by
<br /> ;� certified mail addressed to Borro�ver at the Property Address stated hclow , except for uny notice required under ` �
<br /> i paragraph 18 hereof to be given to Borron�er in the manner �n•escribed by xpplicsble law. Any notice provided } + '
<br /> ,� for in this �fortgage shall be deemed to have becn gi��en to Borro«�er «�hen given in che manner designated herein.
<br /> , 15. Unifozm Mortgage; Governiag Law; Severability. 'Chis form of mortgage combines uniform covenants j ` ' � s
<br /> '� for nstional use and non-uniform covenants with limited varintions by j urisdiction to constitute a uniform secu- �
<br /> � rity instrument covering real property. This �iortga�e shail be governed by the Ia�v of the jurisdiction in which z�::
<br /> fthe Property is located. In the event that any provision or clnuse of this Mortgage or the Note conflicts with � �,;,
<br /> ,'; applicable law, such conflict shall not nffect. oti�er provisions o[ this \Iortgage or the Note which can be given '
<br /> � effect without t6e conflicting provision , und to this end the provisions of the J3orEgage and the Note are declared
<br /> �
<br /> ; to 6e severable. y
<br /> ,� 16. Bonower's Copy. Bonower shall be furnisl�ed a conformed copy oF this Mort�age at the time of execu- '`x '.
<br /> � ` tion or after recordation hereof. � � ?�_
<br /> � �.
<br /> 17. Tzaasler of the Property; Assumption. If all or any pssrt of the Property or an interest therein ia sold Y ���:r�
<br /> or transferred by Borrower �vithout Lender's prior written consent, excluding (s ) the creation of u lien or encum-
<br /> brsnce subordinate to this Mortgage, ( b) the creation of a purchase money security interest for household appli- � �,.�i
<br /> ancea, (c) a transfer by devise, descent or by operation oi la��• upon the death of ss joint tensnt or (d) the grant of ' �
<br /> any leasehold interest of three years or less not containing an option to purchase, Lender may, at Lender's option, � ' ` " :
<br /> declare all the sums secured by this DQortgage to be iminediately due anci payable. Lender sliall have waived aueh ' r'
<br /> optiomto accelerate if, prior to the sale or transFer, Lender and the �>erson to �vhom the Property is to be sold or " ;�
<br /> tranafesred reseh agreement in writin� tl�at the credit of sucli person is sntisfactory to I.ender and that the interest t 5
<br /> } payable on the sums secured by this Mortgage shall be at sucl� rate as Lender shall request. If Lender has waived � ` ti
<br /> ,� the option to accelerate provided in this pnragrapl� 17 and if Borrower's successor in interest has executed s writ- � ` � � Y
<br /> ten assumption agreement sccepted in �vriting by I.ender, Lender shatl release Borrower from all obli ations under �` � *�
<br /> � g n ��. ��
<br /> thie Mortgage snd the Note. � , r,,,
<br /> Sf I.ender exercises such option to accelerate, Lender shall �nnil Borrower notice of acceleration in accordance € �� '
<br /> tivith paragraph 14 hereof. Such notice shall pro��ide a period of not less than 30 days from the date the notice is �°�
<br /> mailed within which Borrower may pay the sums declared duc. If Borrower fails to pay such sums priar to the ' `"
<br /> ee�cpiration of such period, Lender inay, ��•ithout furtlier notice or de�nand on B"orrower, invoke any remediea per- �
<br /> mitted by paragraph 18 hereof.
<br /> ��:,,
<br /> ,,;
<br /> � : ��TON-UNIFOR�M COVENANTS. BOt'COWQP RIIC� LCII(�Cl' FU1'tI]@T covenant and agree as follo�vs : 5 r'�:��
<br /> 18: Acceleratioa; Reaiedies. Except as pro�•ided in � �aragrn��l � ] 7 hereof, uron Borrou•er's breacli of any
<br /> covenant or agreementofBorro�ver in tliis �IoM�ngc, including tl�c covenants to pay a•hen due any sums secumd
<br /> by this �lortgsge,Zender Prior to acceleration sl�all �uail notice to Borro�ecr �� �iro��ided in paragrnph 14 hereof
<br /> apecifying: (1 ) the breacli ; (2) the nction required to cure �uch breacli ; i3 ) a dutc, not less than thirty days
<br /> from the datc the notice is maileci to Borrowcr. by ��•hich �ucl � brcauh �uust bc cured ; and ( 41 that fnilurc to cure
<br /> auch bresch on or before tlie dnte specified in the noticc �nay result in acceleration of tLc smns secured by this
<br /> '� • Mortgage and sale of the Property. If the breach is not cured on or before thc date specified in tl�e notice, Lender
<br /> ut Lender's option �nay declare ull of the swns secured by this �Iortgagc to be immediatcly due und psyable
<br /> without further demand und may foreclose t6is vlortgage by judicial proceeding. Lender shall bc entitled to collect ?.
<br /> ;; in such proceeding all expenses of foreclasurq incluiiing, but not limited to , cost� of documentary evidence,
<br /> 's abstrscts and title reporta
<br /> � 19. Boaowoia Right to Reinatate. A`otwithstunding I.ender's acceleration of the sums secured by Lhis
<br /> Mortgage, Borrower shall have the right to hs�•e any proceedings begun by Lendcr to enforcc this Viortgage dis-
<br /> pontinued at any time prior ta entry of a judgcnent enfotcing this ]Iortgage if : la ) Borroµ•er pays Lender all "
<br /> suma which would be then due under this �Iortgage, the �ote nnd notes securing Future Advanecw, if any, had no
<br /> ' acceleration. occurred ; (b) Borrower cures ull bresche� of anp other covenctnts or agrcements ot Borrower con-
<br /> '' tained in this Mortgage ; (c) Borrower pays all reasonable ex�ienses incurrecl by T,ender in enforcing the covenants
<br /> � and agreements of Borrotcer contsined in this �Iortguge and iu eniorcing Lender's remedies as provided in pam- ;:
<br /> graph 18'&ereof; including; but not limited to, reasonaUlc attornec'� fee: ; nnd Idl Borrower takes such action as
<br /> I:ender ma reseoaabl �":
<br /> y y require fo assure that the lien - of tl�is \Iortgsgc. Lender's interest in the Property and , ,
<br /> Borroa%er's obligation to pay the sums secured by thi� \3ortgsge shalt continue unimpuired. Upon such payment y �,_,,,ry
<br /> and cure by Borrower, this Mortgage and the obligations Qecured hereb�• shnll retnain in full force and effect ns ii '.
<br /> ao seceleration had occurred. . ' ,� �
<br /> 20. Xasigam�at of. R�ts; Appoinlment ol .Roceiyer. Lender in Posseasioa. As additionnl security here- `jmy'�
<br /> uader; Borivwer heiebj* assigns to I:ender the renf,s of 4he Property, pro��idetl that BorroHer shall , pcior to acceler- � � > :
<br /> stion under paiagraph 1$ h,ereof or abandonment of the Property, have thc right to collect and retain such rents ,'� ;: ,;`
<br /> ' se they become due snd paysble. ^� �;
<br /> ' ZFpon 'Boceleration under parsgi�spTi 18 hereof or ahandonment of the Yroperty, Lender, in person , by agent ��� �"�
<br /> , or 'by ��udicisily appointed seceiver shail be entiklecl to enter upon . 4ake nossession of and managc thc Property L
<br /> � ' and to tlollect the rente of the. Property, including those ,pant , due. All rents collected by Lender or the reccivcr
<br /> •, shaIl be applied first to payment of the costs of;management of tlie Property and collection of rents, including, hut.
<br /> '� not Iimited to, zeceiver's fees; premiums on rc�ceiver's bonda und masonable attorney's fees. snd #hen to the sums
<br /> ,� ' secured by this Mortgage. Lender and the receiver shall be liuble to account only for those rents actually received . t
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