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<br /> not extend or postpone fhe due date o1 thc monthly instnlhnents referred to in paragraphs 1 snd 2 hereof or
<br /> change the amount of such installmenta
<br /> 10. Borrower Not Released. Extension of thc time for payment or modification of amortization of the sums
<br /> � , secured by this Mortgage granted by Lender to an� succecsor in inGerest of Borrower shall not operate to release,
<br /> in any manner; the liability of tl�e original Borrower and Borrower's successors in interest. Lender shall not be
<br /> , required to commence ��roceedings ugainst sucli successor or refusc to extend t.ime for payment or othernise modify � •;
<br /> ' amortization of �the aums aecured by this 1lortgagc by reason of any demond mude by the original Borrower and '
<br /> � Bonower's succeasors in interest:
<br /> `� 11. Forbear�ce by Leadar Not a Waiver. Any forbearance by Lender in exercising nny right or remedy
<br /> � hereunder, or otherwise sfforded by applicable law, shall not be a waiver of or preclude the exercise of any right
<br /> � or remedy hereunder. The procurement of insurance or t.he payment of tnxes or other liens or charges by Lender
<br /> t shall not be a waiver of Lender's right to acceler:�te the maturity of tUe indebtedness secured by this Mortgage.
<br /> ; O� 12. Ramedies Cumulative. All remedies provided in tl�is vlortga�e nre distinct an8 cumulative to any other
<br /> ri right oYremedy under this \Iortgage or nfforded by la��• m• equity, and muy bc exercised concurrently, independ-
<br /> r� ently or succesaively. -
<br /> r.-{ 13. Suceessors aad Assigns Bouad; Joint �d Several Liability; Captions. The co�•ennnts and agreements
<br /> p herein contuined shall bind , and the rights hereunder shull inure to , t.hc respective successors and nasigns of Lender
<br /> � and Borrower, subject to the provisions of paragranh 17 hereof. A ❑ covenunts und agreements of Bonower shall
<br /> e be joint and se�-erul. The captions and hcadings of the paragrn��hs of this \ [ortgnge are for convenience only and
<br /> are not to be used to interpret or define the provision; liereof.
<br /> � 14. Notice. Any notice to Borro�ver pro�•idecl for in tl�i� �lortgage sh:�ll be gicen by mailing such notice by
<br /> certified mail addressed to Borrowcr nt tlie Yroperty :lddress .txted belo«• , cxeept for any noticc required under
<br /> parsgraph 1H hereof to be given to BorroH•er in die manner prescribed bv tlpplicablc Inw. :1n�� notice providec! -
<br /> for in this �fortgage shall be deemed to l�zn•e been gi�•en to Borro�cer �chen gi�-en in the manner designuted herein.
<br /> 15. Uniform Mortgage; Goveming Law; Sevezability. 'Chic fonn of mortgage combines uniform covenants
<br /> for nstionts! use and non-uniform covenants witli limited �•arintions by jurisdiction to constitute tt uniEorm secu-
<br /> rity instrument covering real property. This \Iortgsge shall bc governed by the la�v of the jurisdiction in which
<br /> `; the Property is located. In the event that nny provision or clsuse of this \�Iortgage or the Nate conflicts with
<br /> upplicable Iaw, such conflict shall not affect other provisions of this \Iortgnge or the Note which can be given
<br /> effect without the conflicting provision, and to this end the provisions oS the �'Iortgage and the Note are declared
<br /> to be severable.
<br /> 16. Borrower's Copy. Borro�ver shall be furnisl�ed a conformed copy ot this �Iortgnge at the time of execu-
<br /> ;. tion or after recordation hereof.
<br /> i' 17. Traasfer of the Propedy; Asgumptioa. IC all or any part of t,he Property or an interest therein is sold
<br /> ' or transferred by Borrower without Lenders prior written consent, excluding (a ) the creation of a lien or encum-
<br /> �; brance subordinste to this Vlortgage, ( b) the creation of a purchase rnonep security interest for household appli- .
<br /> unces, (c) n transfer by devise, descent or by operation oi la��• upon the death of a joint tenant or (d) the grant of
<br /> ; any leasehold inLerest of three years or less not containing un option to purchnse, Lender inay, at Lender's option,
<br /> � declare all the sums secured by this Morigage to Ue i�umediatcly duc and puyable. Lender shsll have waived such
<br /> � option to accelerate if, prior to Llze sale or transfer, Lender and tl�e pereon to whom the Property is to be sold or
<br /> transferred reach agreement in �vriting that the credit of such person is satisfnctory to Lender und that the interest
<br /> i payable on the sums secured by this Vlortgage sl�all be at such ratc as I,ender shall request.. If Lender has waived
<br /> i! the option to accelerate provi3ed in this para�raph I7 and if Borrower's �uccessor in interest has executed a writ-
<br /> ten assumption agreement accepted in �vriting Uy Lender, Lender shall release Borrow�er from all obligations under
<br /> thie Mortgage and thc Note. �
<br /> If Lender exercises such option to accelerute, Lender shnll :nail Borrower notice of acceleration in accordance
<br /> J` with paragraph 14 hereof. Such notice sl�all pro��idc a ��eriod o[ not le�s tlian 30 days from the date the notice is
<br /> } mailed within which Borrower �nay pay the sums dcclared duc. If Borro�cer fails to pay such sums prior to the
<br /> '� expiration o[ such period, Lender may. �vithout furtl�er notice or demand on Borro�ver, invoke any remedies per-
<br /> ;
<br /> mitted by paragraph 18 hereof.
<br /> �'� i`TON-UNIFORM COVENANTS. F301'1'OR'CI' fii1C� LCIIC�@1' fUl't�1CT COVC'113T1t and agree as fo]lo���s : . . � � � -
<br /> � 18. Aeeeleration; Remedies. Except us pro�•i�le�1 in � �uragru� �h 17 licreof, upon Borrower'� breach of any
<br /> covenant or agreement of Borro�cer in t6is tlort�agc, including cLc covenantc to �iay «•hen duc nny �ums secured
<br /> 3 ; by this ;�iortgage, Lender prior to ucccieratim� shull mail noticc to 73orro�ecr as pro��idcd in par:tgraph 14 hereof
<br /> i . specifying : ( 1 ) the breach ; (2) the action required to cure �uch Ureuch ; 131 :3 date, not less t6sn thirty days
<br /> from the date the notice is u��tiled to 13orro�rcr, hy �cliicli �ucli bre:�cl� n�ust be cured ; and 141 thut failurc to cure
<br /> tsuch breach on or beCore the date specified in the notice uiuy result in acceleration of the sum� secured by this
<br /> Mortgage and ssle of the Property. If the breuch is nat cured or: or bcforc tlu date .pecificd in the notice, Lender
<br /> i ' at Lender's option msy declarc all ot the suros secured by this �fortgsgc to be immcdiately due nnd paysble
<br /> without further demand snd may foreclose this �4ortgaqc by judiciul proceeding. Lendcr shall be entitled to collect
<br /> in such proceeding all expenses of foreclosure, incluQing, but not limited to. costs of documentary evidence,
<br /> •, abatraets and title reports.
<br /> � 19. Boaow�rs Right to Reiastate. \Totn•ithstanding Lender's uccelerntion of thc sume. secured by this
<br /> = Mortgage, Borrower shall have the right to have any proceedings begun by T.endcr to entorcc tl�is �4ortgage dis-
<br /> ; continued at any time prior to entry of a judgment enfo7rin� thi� \Iortgage if : lal Borro�•cr pays I.ender all
<br /> l aums which would be then due under tLis \Iortgagc, the Note nnd notec securing Future Advances, if any, had no
<br /> acceleration occurred ; (b) Borrower cures all breaehe, of an}• other cocennnts or ssgreenrente of Borrower con-
<br /> � tained in this Mortgage ; (cl Borrower paye all reasonable es��ense� incurrc�i h�• Lendrr in enforcing the co��enants
<br /> J : and agreements of Borrower contained in this \Iort�a�e and in enforcing I.endcr's remedies as provided in parn-
<br /> i` graph 18 hemof, including, but not limited to, reasonable attorney's fee� : nnd ( d ) Borrower takes such action as
<br /> 1 ` Lendermay reasonably require to sssure that the lien of this \Iortgagc . Lender� interest in the Propert.y and 4
<br /> Borrower's obligation to pay the sums secured by thi:� \Iortgaqe ;liatl continuc unirnpaired . Upon such payment
<br /> and cure by Borrower, thie Mottgage and the obligations ;ecured herebp shall remain in full force and effect as if �,, '
<br /> no acceleration had occurred. " �'� >
<br /> 20. Assignmeat of Roats; Appoiatmeat of Heeeiver; Lendez in Possession. As additional security here- �,'_: � -_
<br /> under, Borrowerhereby asaigns to Lender the rents of the Propertp, pro�•ided that Borro�ver shsll , prior to acceler- J t%`' "
<br /> � ation under paragraph 18 hLreof or abandonment of the Property, havc the right to collect and retain such rents �z� ::
<br /> ae they become due and payable. '' ` '
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<br /> Upon acceleration under parsgrapli 18 hereof or nbandomnent ot the Yroperty, Lender, in person, by sgent '` , .c<
<br /> or by judicislly sppointed receivershall bc entitled so enter upon , take posseasion of nnd �nxnuge thc Property '~. • ��'�"`
<br /> and Lo. collect the rents of the- Property, including those psst due. Al! rents collectecl Fiy I.ender or the receiver y
<br /> � shall be applied firat to payment of the costs of management of the Property and collection of rents, including, hut
<br /> not limited to, receiver's fees, premiums on receiver's bond� and reasonable uttorney's fees. and then to the �ums
<br /> securedby this Mortgage. T.ender and the reoeiver ahcsll h� linhle to account only for thoac rents nctunlly recci�-ed.
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