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<br /> not extend or postpone the due date of the monthly installments referzed to in paragraphs 1 and 2 hereof or
<br /> chsnge the nmount oE such inatallments.
<br /> I, 10. _Borrowez Not Released. Extension of the time for pnyn�ent or inodificntion of amortization of the suma � "
<br /> j secured by .this vIortgage grantect 'by Lender to any successor in interest of Borrower shall not operate to release, � v
<br /> � in any :manaer, tlie liebx`]ity of the original Borrower and Borro«•cr's successors in interest. Lender shall not be ' �
<br /> reqwred to 'aommence proceedings ngainst sucli successor or refuse to extend time for payment or otherwise modify �r=�
<br /> } } 4
<br /> amortization of the sums secured by this \iortgage by reason of any demand mnde by the original Borrower and � � ¢�
<br /> � Bonower's successors in interest.
<br /> � 13: `Forbe�aace by Leader Not a Waiver. Any forbearance by Lender in exercising any right or remedy a
<br /> �.� ; hereunder, or otherwiae afforded by applicable la�v, shall not be a �vai ver of or preclude the exercise of any right = x �'�
<br /> ` ' . ,, �
<br /> � or remedy hereunder_ The procurement of insurance or the pnyment of taxes or other liens or charges by Lender �` ;' ' �',
<br /> shall not"be a waiver of Lender's right to accelerate the maturity of the indebtedness secured by this Mortgage. '•', ' '}
<br /> Q ' ''" 12. Remedies Cumulative. All remedies provided in tl�is J4ortga�e are diatinct and cum�lative to nny other ' , ` , ;
<br /> '� nght or remedy under this Jlortgage oi� afforcled by la��• or e�uity, und may be exercised concurrently, independ- �.. , � a •
<br /> � ently or successively. � , fr
<br /> n 13. '3uecessors �td Assigas Bound; Joint �d Several Liability; Captions. The covennnts and agreements `� '�„
<br /> herein contained ehail �ind, and the rights liereunder shall inure to, thc respective successors and assigns of Lender , ,;
<br /> snd Borrower, subject to the provisions of paragraph 17 hereof. :1t1 covenants und agreements of Borrower shall , ' , :;:
<br /> be joint and several. The captions and headings of the paragrnplic of thic \Iortgage are for convenience only snd , �:
<br /> are not to be used to inEerpret or define tlie provisions liereof. ;'
<br /> 14. Notice. Any notice to Borrower pro�•ided for in tl�is \lortgage ahn❑ be given b,y mniling such notice by ! � '*
<br /> certified �nail addressed to Borrower at tl�c Yroperty �ddress stated belo�v, except for any notice required under F; ' ' ^s
<br /> parsgraph 18 hereof to be given to Bm•rot�•er in the tnanner prescribed b�� apiilicat>Ic luw. Any notice provided � ' `
<br /> , for in this vlortgage shall be deemed to havc been given to Borro«•er �vhen given in tf�e �nanner designated herein. �;,,, " ' f '�'<
<br /> 15. Uniform Mortgage; Govemi:sg Law; Severebility. 'I'l�is forni of mortgage combines uniform covenants 'r� '
<br /> for national use and non-uniform covenants witl� limited varintions by jurisdiction to constitute a uniform secu- . , ' , ,i;�
<br /> - rity instrument covering real property. This \fort�age shall bc governed by the law of the jurisdiction in which �; ��;
<br /> the Property is located. In the event that any provision or clause of this �Iortgage or the Note conflicts with '-" = � ; ,^?;.
<br /> applicable law, such conflict shall not uffect other provisions of this Jlortgage or the Note �vhich can be given ' „�
<br /> effect without the conflicting provision, and to this end the provisions of the �Tortgage and the Note are declared `,� . ' < s �
<br /> to be severable. ;s y$;t
<br /> 16. Borrowez's Copy. Borrower shall be furnisl�ed a conformed copy of this vIortgage at the time of execu- � ` '- �� t�
<br /> tiou or after recordation hereof. �: ' ' � ; " *'
<br /> 17. Tr�sier of the Pzopezty; Asaumption. If all or any part of t.he Property or sn interest therein is sold �z �"�
<br /> or transferred by Borrower �vithout Lender's prior �vritten consent, excluding (a ) the creation of a lien ar encum- ;`, ����
<br /> brance subordinate to this Mortgsge, ( b) the creation of a purchace money security interest for household appli- r` .y, %�,,.z��
<br /> ances, (c) a transfer by devise, descent or by operation of la«- upon the death of n joint tenant or (d) the grant of tt �: �- xr,
<br /> any leasehold interest of three years or less not containing an option to purchase, Lender may, at Lender's option, k: V, , � , ��+>
<br /> declsre all the sums secured by this Mortgage to Uc iunnediately due and payable. Lender shall have wsived 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 � " �'�'r�'�
<br /> transfened reach agreement in writing that the credit of such j>erson is satisfactory to Lender and that the interest � ,�`' '� �
<br /> paysble on the sums secured by this Mortguge sha11 be at sucl� rate as Lender shall request. If Lender has waived „ '' � � ,
<br /> the option to accelerate provi3ed in this paragrnpli 17 and if Borro�ver's successor in interest has executed a writ- • '�+ �'A '��s
<br /> ten sssumption agreement accepted in writing by Lender, Lender shall release Borrower from all obligatians under x � ; '" ���
<br /> thia Mortgage and the Note. � ,,ti
<br /> �` ' ����'
<br /> If Lender exercises such option to aceelerate, Lender shall uiuil Borrower notice of acceleration in accordance # � '
<br /> �vith paragraph 14 hereof. Such notice shall provide a period o[ not less tl�an 30 days from the date the notice is �` '
<br /> mailed within which Borrower may pay the sums declared due. If Borrower fails to pay such sums prior to the r* , ;�
<br /> expiration of such period, Lender muy, witl�out furthei• notice or demand on Bbrrower, invoke any remedies per- "`
<br /> mitted by psragraph 18 hereof. ; ; , � �;
<br /> � � ��rh y b,'.
<br /> Nox-Uxcros.M CovExwxTs. Borro�vei• and Lendei• furtl�er covenant and a�ree as follo�vs : ;' � s ,
<br /> 18: Aceeleratioat Remedies. ExcepY u� pro�•icled in � �ssragrnph 17 hereof, ppon Borrower:s brench of any ' "
<br /> eovenant or agreement of Borro«•er in this �fortFngc. inrluding thc covenants to pay «�hen duc any cums secured
<br /> by this Slartgage, Lender ��rior to acceleration s6a❑ ma�il notice to Borro�ver as pro�•ided in pnruqrapli 14 I�ereof
<br /> specifyingc `jl) the breacli ; (2) the netion rcyuired to cure �uch breacli ; 13 ) a datc, not less tl�un thirty days
<br /> from the date thc notictis mailed to Borro�ccr, bp ��•hich euc•li hrcacli n�ust bc cured ; and (41 that failure to cure
<br /> such breach on or before tl�e date specified in the notice may result in ucceleration ot tl�c sums secured by this
<br /> Mortgage and sale of the Property_ If the brescl� is not cured on or before the datc specificd in thc notice, Lender
<br /> . at I.ender's option may declare all of thc suros secured Uy thi� \fortgage to he immediately due and pnyeUle
<br /> without further demand and �nay foreclose this 3fortgage by judicial proceeding. Lender shall be enfitled to collect
<br /> in such proceeding ull expenses of foteclosurc, inchiding, but not liinited to, costs of documentary evidence, ` ;
<br /> abstrscte and title reports.
<br /> 19. . Borrower's Right to Reiastate. Notwithstanding Lender's acceleration of the sums secured Uy this
<br /> Mortgage, Borrower ahsll have the right to have nny proceeding. begun by Lendcr to enforce this �fortgage dis-
<br /> continued at any time prior to entry of a judgment enforcing this \lortgage if : (u ) Borrower pays Lender ull
<br /> aums which would 6e then due under this �Iortgage, tl�c 1Vote and notes cecurin� Future Advsnces, if any, hsd no
<br /> acceleration occurred ; (b) - Borrower cures ail breaches of unv other co�•enantc or ugrcements of Borrower con-
<br /> tained in this Mortgage ; (c) Bonower pays all reaconablc e�penses incurreci hy T.ender in enforcing the covenants
<br /> snd agteemente of Borrower contained in this \fortgaFe �md in enforcin� T.cnder'c remedica ac pro��idec! in para-
<br /> graph 18, hereof, including, but not limited to, reasonuble attorne}�'s fees : and i d ) I3orrower tukes such action as '
<br /> Lender may reasonably require to assure that the lien of this \Iortgagc, Lender's interest in the Property and
<br /> Borrower's; obligatioa 'to pay the. snms secured by thL viortgage shall continue unimpaired. Upon such payment
<br /> • and cure by,Borrower, this .Mortgage; and the obligations �ecured hereb�• chall remain in full force and effect as if "_" ;_
<br /> no acceleration had occurred. �-^ . :w; �+
<br /> �0 Aaa9+�oa!' of R�nts: Appointmeat of R�ceiver; Leader ia Possessioa As additional security here- �.
<br /> und'er,Borrowei liereby sesigns to Le"nder the rents of the Propeny�, prot•ideri that B'orrower shall , prior to acceler-
<br /> afaon underparagraph �8-heseof,or abandoam�nt of the Property, havc thc rigl�t to collect and retain such rents � `� z '��r
<br /> as,t3iey�beaome due snd paystile . - y ;
<br /> r , �Tpdn,soceleration vnder`paragrapl�i 1S hereof or shandonment oi the Yroperty, ' Lender, in person, by agent +sr � '�`
<br /> ar;by�7UdaoxslIy appointed recerver"shsl! bc entitled to enter upon, take posse�sion of and �nanaRe the Property '�,, � "`
<br /> s n d,t a.c o ll e c t,.t h e r e n t s o f t h e. �r o p e r ty; in e l u ding� t hose. pest � due. A l l rents collected hy Lender or the receiner °'"'`` �"' � a"�' �
<br /> sh�Yl be'appli�ed fixst Lo paymenL of,tlie.coats o[.::ipanagement of t6e Property and collection of rents, includin but
<br /> K,
<br /> not luaited to, receiver'a fees, ,premiume on receiver's Uond� aud masonable attorney's fees, and then to the sums
<br /> seevred by this Mortgsge. Lender and. the receiver sBall bo liuble Eo account only for those rents actu311y rnceived .
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