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<br /> � not extend or postpone the due date of the monthly instalhnents referred to in paragraphs 1 and 2 hereof or
<br /> ' ' change the amount of such instullments.
<br /> '! 30. Bonower Not Released. Excension bf the time for puyment or modification oP a�nortization of the eums
<br /> � . secured by this Mortgage grunted by Lender to nny suacessor in interest of Borrower shall not .operate to release,
<br /> ,� in any mnnner; tlie lisbility o[ the original Borrower und Borrowcr's successors in interest_ Lender shall not be
<br /> required to commence proceedings against such auccessor or refuse to extend time for payment or othernise modify � - ; ` y
<br /> � amortiaation of the aums secured by tl�is \tortgage by reason of anc demand made by the original Bonower and
<br /> } Borrower's auccessors isinterest. �-
<br /> { 1L Forbearamce bgLeader Not a Waiver. Any forbearance by Lender in exercising any right or remedy
<br /> 'i hereunder, or otherwise afforded by applicable la�v, shall not be a wsiver of or preclude the exercise of anp right
<br /> p or remedy hereunder. The procurement of insurance or the puyment of taxes or other liens or charges by Lender
<br /> � ` s6all not be s wniver of Lender's right to accelernte the maturity of the indebtedness secured by this Mortgage.
<br /> ,� 12. Remedies Cumulative. All remedies provided in tl:is \�ortgage are distinct and cumulative to any other
<br /> ,� right or remedy under this 1lortgage or afforded by la��� or equic,y, snd may be exercised concurrently, independ-
<br /> , j ently or succeasively.
<br /> y13. Sueeessors �d Assigns Bound: Joint �d Several Liability: Captions. The covennnts and agreements
<br /> { herein contt►ined shall bind, and the rights hereunder shall inure to, the respectivc successors and Assigns of Lender
<br /> snd Borrower, subject to the provisions of psragrnph 17 hereof. all covenants and agreements of Borrower ehail
<br /> be joint and seversl. The captions ond headings of tLe paragr3ph� of this �Lortgage are for com•enience onIy and `
<br /> ' are not to be used to interpret or define the provisions liereof.
<br /> � 14. Notice. Any notice to Borrower pro�-ided for in this \fortgagc shatl be gi�•en by msiling such notice by
<br /> certified �nail addressed to Borro«•er at thc Property Address st:�ted belo�c . except for uny ootice required under
<br /> ': 1 paragraph 18 hereof to be given to Borrow-er in tlie inunnec �n•escribed by applicable lau•. Any notice provided
<br /> ; for in this �Iortgage shall he deemed to havc bcen given to Borro��•er ��•hen given in the manner designated herein, f,
<br /> 15. Uniform Mortgage; Goveming Law; Severability. 'Chis fonn of mortgage combines uniform covenants
<br /> ' #or national use and non-uniform covenants with limited ��ariations by jurisdiction to constitute a uniform secu-
<br /> rity instrument covering real property. This \Iortga�e shalt be governed by the la�v of the jurisdiction in which
<br /> the Property is locuted. In thc event that• any provision or clause of this 14ortgage or the Note conAicts with
<br /> " �pplicable Iaw, such conflict shall not affect. other provisions of this \Iortgsge or the Note which cun be given
<br /> effect without tl�e con8icting provision , and to this end the provisions of the �lortgage and the Note are declared i . '
<br /> s' to be severable_ :;'� ;_�
<br /> ! 16. Borrower's Copy. Borro�ver shall be furnished a conformed copy of this �lortgage at the time of execu- ,J �;;
<br /> ' tion or after recordation hereof. t �
<br /> '; 17, Traasfer of the Property; Assumption. If ull or any �art of the Property or an interest therein is eold ,,;� ��
<br /> ! or transferred by Borrower �vithout Lender's prior �vritten consent, excluding (a ) the creation oE a lien or encum- � i�"
<br /> brance subordinate to this Vlortga�e , ( b) the crention of a purchase money security interest tor household appli- �"{
<br /> �' ances (c) a transfer b devise descent or b o eration of la��- u �on the death of a ' oint tenant or (d) the nt of `"^"
<br /> , Y � Y P I ! � �,� . .
<br /> j sny 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 �Iortgage to bc immediately due nnd payuble. Lender shall hnve waived such � �'`
<br /> � option to accelerate if, prior to the sale or transfer, Lender and the person to whom the Property is to be sold or : rn
<br /> 3 transferred reach agreement in writing tl�at tlie credit of sucl� person is sutisfactory to Lender and that the interest ' r,`.
<br /> payabie on the aums secured by this DIortgage shall be at such rate as I.ender shall request. If Lender has waived t �Mz
<br /> the option to accelerate provi3ed in this pnragrapli 17 and if Borro�ver's successor in interest lias executed r� writ- � �° <;
<br /> :; ten assumption agreement accepted in �vriting by 1.ender, Lender shall release Borrower from all obligations under '
<br /> : ;: this Mortgage and the Note. ;;-,.
<br /> If Lender exercises sucl� option to accelerste, Lender shall �nail Borrower notice of acceleration in accordance
<br /> witl� paragraph 14 hereof. Sucl� notice shall pro�•ide a ��eriod oi not Iess tl�an 30 ciays irom the date the notice is : '��
<br /> mailed within �vhich Borrower may pay the su�ns declnred due. If Borrower fsils to puy such sums prior to the
<br /> ;I expiration of such period, Lender may , n•ithout furtl�er notice or demand on B'orrower, involce any remedies per- ;,k
<br /> : �; ri�itted by paragraph 18 hereof. �,� =
<br /> i ' 1�TON-UNLFORDf COVF.NAITS. BOl'1'OWQ1' P1tCl LCI1fIC1' tUl't�l@1' COVC]lAllt and agree ns follo�vs : � r ,
<br /> ' { 18. Aeeeleration; Remedies. Except. a� pi•o�•ided in � �a�rugrati� �li 17 hercof, uj�on Borrower's breaeh of any `�y�:
<br /> covenant or agreement of Borro�eer in tliis \Iort�ngc, including thc covenants to pay ��•hen duc any sums secured �-�
<br /> p'- by this i�lortgage, Lendcr ��rior to ucceleration �lisl] mail noticc to Borro��•er as pro��ided in paragraph 14 I�ereof ,�
<br /> i �pecifying: ( 1 ) the breach ; ( 2) tLe nction rcquirecl to cure such brexch ; ( 3 ) :i datc, not iess tl�an thirty- days �?
<br /> from the date the notice is mailed to I3orro��•cr, b}• ���hich sucl � brench umst tx cw�ed ; and ( 4 ) thut failure to curc ��'�
<br /> such breach on or before the dnte specified in the notice �uny resutt in acceleration o[ tl�e sums secured by this ;„. ,
<br /> �Iortgage and sale of the Property. If the breacl� is not cured on or before the dute specified in the notice, Lender ` _
<br /> st Lender's option may declarn all of the suius secured by thi, \Zortgage to be im�nediatel� due and payable
<br /> withont further demand and may foreclosc tl�is \fortgage by j udicial procceding. Lender shall bc entitled to collect :'
<br /> in such proceeding all expenses of foreclosurc, inclu�ling, but not limited to , cocts of documentary evidence, '`'
<br /> sbstracts and t4tle reports.
<br /> 19. Bonowai s Right to Aaiastate. Notwithstanding I.ender's uccelerntion of the sums secured by this
<br /> ` Mortgage, Borrower shsll have tl�e right to ha�•e any proceedings begun by I.ender to cnforce this 1lortguge dis-
<br /> k continued at an time
<br /> y prior to entry of a judgment enfoTcing this �tortgage if : Ial Borrower pays I.ender all
<br /> � ; ' sums which would be then due under this JLortgage, thc Note :ind notes securing Futurc Ad��ances, if any, had no
<br /> , scceleration occurred ; (b ) Borrower curea all brcaches of 3nt• other co�•enants or agrcements of Borrower con- °-
<br /> tained in this Mortgage ; (c) Borrower pays all reasonablc e�pense� incurred b}• Lender in enforcing the covenants
<br /> snd agreements of Bonower containeci in thie \Iortgnic and in rnforrinG T.onder'� remedies n� ��rovided in para-
<br /> �•s : graph 18 hereo#, including, but notlimited to, reusonable attornep's fee� : und idl Borrower takes such action as
<br /> ° � Lender may, reseonably require to ussure that the lien of this �Iortgagc. Lender's interest in the Property and
<br /> " , Bonower's obligation to pay the sums secured by thi� �'tortgaqe shall continue unimpuired . Upon such payment
<br /> 'F� � and cureby Borrower, this Mortgage and the obligation, secured hereby �hal ] remain in fvll force and effect as if
<br /> f� � no acceleration had occurred_ `"`�'��
<br /> 20_ Assigs�m�at of Rent� Appaintmeat oE Receiver; 7.ender in Possasaion. As udditional security hcre- t '; t
<br /> '�� � under, Borrower hereby aseigns to Lender the rents of the Propert}. provided that Borro�ver shall, prior to acceler ''
<br /> � " stion under paragraph 18 hereot or abandonment of thc Pro�xrty, l�svc thc right to collect and retain such rents � �� +
<br /> se they becocae due; and payable. �"
<br /> ��� Upon.acceleratioa under paragraph 18 hereof or s6andonment ot the Yroperty . Lender, in person, by agent , ,'.+v:
<br /> , or by j.udioislly appointed receiver shall be. entiEled to enter upon . take posseesion of and �nanage thc Property - "- -.,*
<br /> snd to collect the renta of the Property, including those rast due. All rents collected hy I.ender or the receiver " ''�=�' �
<br /> , �, - ahall be,applied: firat to payment of the costs ,of management of the Property and collection of rents, including, but
<br /> not liinited to, zeceiver's fees, ptemiums on receiver's Uond� and reasonable atforney's fces. snd then to the sums
<br /> ` ' secured by thie Mortgage: Lender and the 7eceiver slinll 6e liublc to xccount only for those rents actuAlly received .
<br /> _ .. _ .. ., �. ._. ._. ,r .. _ . ,. � . , -. . ... _,. _ ,. . ... . . . . . . .... . .� ,� - .. .. �
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