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<br /> ��� . . . . . . . .. . . . . . . . ... . . . . . . . _. . . . , . , � . . . . . r- . . . . . . � . .. ..�.
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<br /> not extend or poat.pone the due date of the montFaly instalin�enfs referred to in para�raphs 1 and 2 hereof or
<br /> :, j change the amount oF sucl�' installments.
<br /> j I0. Bonower Not Released. Extension of t,he time for payment or modification of amortization of the sums
<br /> ' secured by this Mortgage granted by I.ender to any successor in interest of Borro�ver shall not operate to release, ,
<br /> in uny msnner,'the lisbility of the origina! Borrower and Borro�vcr's successors in interest. Lender shall not be " '
<br /> t required;,tio commence proceedings sgainst such suecessor or refuse to extend time for payment or otherwise modify � �' ` ' > ,�
<br /> amortization of the sums secured by this \ Iortgage hy reasou of nny demand made by the original Borrower and '�. �:
<br /> � Borrowez's succeasors in intereat. `:
<br /> � 1L Forbe�aaee by Lender Not a Waiver. Any forbearance by Lender in exerciaing uny right or remedy $
<br /> � hereunder, or othenvise afforded by applicable la�v, shnll not be n �vaiver of or preclude the exercise of any right ;F
<br /> � or remedy hereunder. Thc procurement of insurance or the payment of tuxes or other liens or charges by Lender "-
<br /> � � shalf not be a waiver of Lender's right to accelerate tl�e maturity of the indebtedness secured by this Mortgage. , `
<br /> G 12: Remedies Cumula6ve. AII remedies provided in this \lortgage are distinct and cumulative to any other
<br /> ,� r right or remedy under this �Iortgage m• nfforcic�i bv ln�c or equity, and may be exercised concurrently, independ- `
<br /> ently or succeas�vely.
<br /> � 13. Suecessors cmd Rssigns Bound; joint �d Several Liebility; Caplions. The co�•enants and agreements r
<br /> .� herein contained shall bind , and the rights l�ereunder shali inure to, thc respective successors and assigns of Lender �
<br /> � nnd Borrower, subject to the provisions of paragraph 17 hereof_ All covenants and agrecments of Bonower shall �%
<br /> { be joint and several. The captions and headings of tlic paragraphs of this \lortgage nre for com�enience only and , ',,;�
<br /> I are not to be used to interpret or define tlic provisions liereof. �
<br /> ;.� 14. Notice. Any notice to Borroa�er pro�•ided for m tlii� �Iortg�tge shall be gi�•en by mailing cuch notiee by
<br /> � certified mail addressed to fiorrower at thc Propert�� Add� es, stuted belo��•, except for :�ny notice required under ` �
<br /> ,.� paragraph ] 8 hereof to be given to Borro�cer in the manncr �irescribed by� npplicable law. Any notice provided �
<br /> for in this \-Iort a e shall he deeuied to hnvc been i�•en to Bon•o���er �vhen ` " �
<br /> � g 8 K� gi�•en in che manner designated herein.
<br /> ' ' ° °'�;
<br /> ; 15. Uaiform Mortgage; Goveming Law; Sevezability. 'Chie fonu of mortgnge combines uniform covenants � ,
<br /> � for nationa! use and non-uniform covenants with limited ��ariations by jurisdiction to constitute u uniform secu- , + „
<br /> ) rity instrument covering real property. This \Iortgage shall be governed by the law ot the jurisdiction in which � 4 �,
<br /> .� the Property is located. In the event that any provision or clsusc of this \1ort.gagc or the Note conflicts with �'z
<br /> applicable law, such conflict shall not atFect other pro��isions of this \fortgagc or the Note whicli can be given
<br /> ;� effect without the conflicting provision, und to this end t.he provisions of thc \fortgage nnd the Note are declared �
<br /> � to be severable. i:
<br /> 16. Boaower's Copy. Borro�ver sliall be Curnished a conformed copy of this \lortgage at the time of execu- � �,
<br /> tion or sfter recordation hereof. 4
<br /> 17. Tr�siez of the Prope:ty; Assumption. If all or any part of the Property or an interest therein is sold
<br /> or transferred by Borrower without Lender's prior written consent, excluding (a) the creation of a lien or encum- ' ` � �` ?:
<br /> brance subordinate to this \Iortga�e, ( b) the creation of a purchase money security interest for household appli- '"' � �i
<br /> unces, (c) a transfer by devise, descent or by operution of la��• upon the death of a joint tenant or (d) the grant of E '''
<br /> any leasehold interest of three years or less not containiug an option to purchase, Lender may, at Lender's option, j" '� �'
<br /> declare all the sums secured b this Mort a e to be innuediatel duc and ; � Mi
<br /> '� y B g y payable. Lender shall have waived such ` { �
<br /> � option to accelerate if, prior to tl�e sale or transfer, Lender snd tl�e person to whom the Property is to be sold or #'
<br /> �:r
<br /> ttanaferred rnach agreement in writing that the credit ot such person is satisfactory to Lender and that the interest ', F
<br /> payable on the sums secured by this �Iortgage sl�all be at sucl� ratc as Lender sl�all request. If Lender has waived �r�
<br /> the option to acceIerate provi3ed in this paragrnph 17 und if Borrawer's successor in interest has executed s �vrit- • w '
<br /> ten aesumption agreement accepted in writing by Lender, Lender shall release Borrower from sll obligations under k {
<br /> this Mortgage and the Note. '1 �� '.
<br /> ; ,:;
<br /> If Lender exercises sucli option to accelernte, Lender shall ��inil Borrower notice of acceleration in accordance �
<br /> � with paragraph 14 hereof. Such notice sliall pro��idc s period of not les, tlian 30 days from the date the notice is �;'
<br /> mailed within which Borrower �nay pay t6e sums declared due. If Borrower Cails to pay such sums prior to the ,�
<br /> expiration of such period, Lender may, �vithout further notice or de�nand on B'orrower, invoke sny remedies per- ' -�-
<br /> � mitted by paragraph 18 hereof. ' '
<br /> iV0\-UNIFORM COVENANTS. BOCI'O\VBl' RIl(� Lender furtLer covennnt and agree ati follo�vs : j�
<br /> ;� 18. Aeceleration; Remedies. Exeept a: pro�•ided in � >aragrapl � 17 tiereof, upon Borrower's breach of any
<br /> covenant or agreement. ot Borro«�er in tBis �Iortgn�e . including tLc covenants to pa}• a•hcn duc an}• sums secureci
<br /> � by this \lortgage, Lendcr prior to acccleration �hall u�.�ii noticc to Borrower u� pro��ided in parngr�tph 14 hereof
<br /> specifying: ( 1 ) the breach ; (2 ) the action require�l to cure such brench ; 13 ) a date, not less than thirty days
<br /> from the date the notice is mailed to Iiorro«•cr, b}• ��• Lieh �ucl � brcach roust be cturd ; und (4 ) thut fuilure to cure
<br /> such breach on or betore tl�e date specified in tl�e noticc rosy result in acccleration of tl�e suins secured by this
<br /> Mortgage rsnd sale of the Property. If the breach ic not cured on or before the date specificd in td�e notice, Lender
<br /> 1 at Lender's option may declare all of the :ums secured by tliis �iortgage to be immediately due and payable
<br /> without turther demand und may foreclose tliis Jlort��ge bp j udicial proceeding. Lender sLall be entitled to callect
<br /> in sach proceeding ssll expenses of foreclosurc, inclu<ling, hut not limited to, costs of documentary e�•idence,
<br /> nbstracte and title i�eports.
<br /> 19. Soaowors Right to Reiastate. Notwithstanding Lender'ti acceleration of the sums secured by this
<br /> Mortgage, Borrower ehsll have the right to ha�•e nny proceedings begun try T.endcr to enforce thie titortgsge dis-
<br /> continued at any time prior to entry of a judgment enfo7ring this �iortgage if : lu ) Borro�ver pays Lender all
<br /> aucns which would be then due under this \Iortga�e, tlm :�Tote nnd notes securing Puturc Advancea, if any, had no
<br /> acceleration occurred ; (b) Bortower cures ull brenctaes of an�• other co�•cnants pr agr�ements of Borrower con-
<br /> tained in this Mortgage ; (c) Borrower pnys all reasonable ecpenses incurred b�• I,ender in enforrin� the covenants
<br /> and agreements of Borrower contained in this \[ortgagc and in enimring Lencler'.� re�nedies ns provided in para-
<br /> graph 18 hernof, including, but not limited to, reasonable attorney's iees ; nnd � d ) Borrowcr takes such action as �
<br /> 7.ender maq reasonably require to assure that the lien of this 1Iortqa�c. Lender's interest in the Property and
<br /> Borrower's obligation to pay the sums secured by thi. �[ortgage eh:tll continuc unimpaired. Upon such payment, > : ,<
<br /> and cure by Borrower, this VlorEgage and the obligations zecured liereb�• shsll remain in full force and efTect ns if
<br /> no aceeleration had occurred. •
<br /> 20. Assigc�moat of;Roats; Appointmeat . oi Receiver; Leadar in Possassioa. As additional security hern- � �;' ;' �
<br /> under, Borrower herebq assigns to LendeYthe rents of the Pmpert3, provided thnt Borrower shall , prior to ucceler- ,yi',
<br /> atiQn under:parsgraph 18 hereof or abandonment of the Property, have the right to coltect and retain such rents '''�.; n"'
<br /> �i
<br /> se theg become due'and payable. w a�
<br /> Upon ecceleration under paragrapli 18 hereof or sbandonment of the Yroperty, Lender, in person, bv agent r ..:�, �
<br /> or.by.judi4islly sppointed. receiver ahall be entitled to enter-upon, take posec�sion of and mansge the Proporty `` �• ;%M
<br /> " and to, 4qllect the renta of the .Ptoperty, including those past due. All rents eollecteii by Lender or the receiver
<br /> shall be sppiied first to paymeat of the coats of manag�ement of the Property and collection of rents, including, but
<br /> noG limited to, receiver's fees, premiums on receiver's bonda snd masonable xttorney's feee, and then to tha sums
<br /> seoured by f,t�ie Mortgage. Lender and the receiver sliall he linble to accovnt only for tho�e rnntF netnally m��ive�i . �
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