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<br /> not extend or` postpone the due date of the montlily inst�illments referred to in paragraphs 1 and 2 hereof or
<br /> change the amount of such in'ataliments_
<br /> 10 _$orrowez Not ReIeased Extension of the tinte for pzy�ent or modification of amortization of the sums
<br /> secur'ed by tfi�s,Vlortgage granted by T.ender to any successor irr interest ot Borrower shnll not .operate to release,
<br /> �a ' ang matiner, the liability of ;the` original Barrower nnd Borro�ccr's succgssors in interest. Lender shall not be
<br /> required to" eommen`ce -proceeciinge agninst sucti succeasor or refuse fo extend time for payment or otherwiae modify '
<br /> amortization .of"the sums secuied by tliis \Iortgage by ' reason of a,ny demand macle by' the original Borrower snd'
<br /> Soirqwer's euccesaors 4n iaterest. .
<br /> � "11. Forbeiu�ce by I.eader Not d Waiver. Any forbearance by Lender in exerciaing any right or temedy
<br /> hereunder, or otherwise afforded by applicable law, sl�all not be a �vai-rer of or prec2nde tt�e exercise of any right
<br /> or remedy hereunden The procurement of insurance or tlie payment of tases or other liens or charges by Lender
<br /> ahall 'not be a waiver of Lender's right to accelernte the maturity of the indebtedness secured by this Mortgage.
<br /> 12. Remediea Cumulafive, All remecl4Ps provided in this \lortgage are distinct and cumulative to any,other
<br /> right or remedy under tliis 1•Iortgage or afforded J>y ]an� or �quiiy, and may be exercised concurrently, independ-
<br /> enBly or successively.
<br /> 23. Suceessors �d .qssiqas Bouud; Joiat �d Several Liability; Captions. The covenanta und agreements
<br /> herein. contained shalI bind, and the rights leereunder shall inure to, thc respective successors and assigns of Lender i
<br /> and Borrower, subject to the provisions of pnragraph 17 hercof. A!1 covenants snd agrecments of Borrower shall
<br /> be joint and several. The captions and lieadings of tl�c paragruphs of this Jiortgage are for convenience only and
<br /> ure not to be used to interpret or define the provisions l�ereof.
<br /> 14. Notice. Any notice to Borrorver pro�•ided for in tlii. \fortgage sliall be gi�•en by mailing such notice by
<br /> certified �nail addressed to Borrower at the Yroperty 1,ddress stated bclo«•, excet�t far anc notiee required under
<br /> paragraph 18 [iereof to bc given to Borro«•er in the inanner �irescribed b}• apf�licable lu�v. Any notice provided
<br /> for in this �Iortgage shall be deeu�ed to liace becn given to Boc:•ow•er �;-hen given in the inanner designated herein.
<br /> 1$• Uaitozm Mortgege; Governiag I.av�; $everobility. This foren of �nortgage combines tmiforcn covenants
<br /> for national use and non-uniform covenants witli limited variutions Uy jurisdiction to constitute a uniform secu-
<br /> rity instrument covering real property. This �Iortgage shall hc governed by the la�v of the jurisdiction in which
<br /> ` the Property is located, In the event that any provision or clause of this i4lort�age or the Note conAicta with
<br /> ` 'applicable law, such conflict shall not affect other provisions of this \Sortgage or the NoEe which can be given
<br /> effect witfiout the conflicting provision, and to this end the provisions of the �Sortgage and the Note are declared
<br /> to be severable.
<br /> 16. $orrower's Copy, Bonower shall be furnished a conformed copy of this Nlortgage at the time of execu-
<br /> tion or after recordstion hereof.
<br /> 27. Tranaler of the Pzoperty; Assumptiom If all or any part of the Property or an interest therein is sold
<br /> or transferred by Borrower without Lender's prior rvritten consent, exctading (a ) the creation of a lien or encum-
<br /> brance aubordinate to this Mortgage, ( b) thc creation ot a purchase money security intereat for househoId appli-
<br /> anees, (c) a transfer by devise, descent or by operation of la«• upon t2ie death of a joint tenant or (d) the, grant of
<br /> any leasehold interest of three years or ]ess not containing an option to purchase , Lender may, at Lender's option,
<br /> declare all the suma secured by this Mortgnge to be i�mnediately due and payabie. Lender shatl huve waived sueh
<br /> - option 'to accelerate if, prior to the aale or transfer, Lender and the persott Lo whom the Property is to be sold or
<br /> trsnsferred reach agreement in writing that the credit of such person is satisfactory to Lender and that the interest
<br /> payable on the sums secured by this D4ortgage shs1l be at such rate as Lender shall request, If Lender has waiv¢�
<br /> the option to accelerate provided in this psragraph 17 and if Borrower's successor in interest has executed a writ- `
<br /> tea assumption agreement accepted in writing by I,ender, Lender shall release Borrower from all obligations under " �
<br /> thia Mortgage and the IVote. $ ;{
<br /> If LendeT exercises sucL option to uccelerate, Lender shal! mail Borrower notice of acceleration in accordance � s
<br /> �vitl� paragraph 14 hereof. Sucl� notice shall procide a period of not less thnn 30 days from the date the notice is
<br /> tnaited wit6in which Borrower mny pay tl�e sums declared due. If Borrower fails to �ay sucl� sums prior to the
<br /> expitation of such period, Lender may, without further noticc or rlem3nd on Borrower, invoke any remedies per-
<br /> mitted by'paragraph 18 hereo4.
<br /> Nux-�CTxrFonnz CovExwxms. Borrower and Lender Yurtlter covenant and agree as foilows:
<br /> 18. Accelezatioa: $emedies. Escept as pro��idect in paragriipL 17 hereof, upon Borrower's breach of any
<br /> covenant or agreement of Borrower in this \fortgagc, inctuding tDc covenants to pay �vhen due uny sums secured
<br /> by this 1lortgage, Lender ��rior to accelerution �hssll mai! no4cc to Borro�ver as pro��ided in paragrapli 14 hereof
<br /> specifying: ( 1 } the breach; (2) the nction required to cure sucl� breacl� ; 13 ) a date, not less than thirty days
<br /> from the dste the notice is mailed to 13orron•er, bc� �i•hicl� .t�cii brr.�cfi must be cw•ed ; and (4) that failure to cure
<br /> such breach on or before t8e date specifiecl in the noticc inay result in acccleraGion of the swns secured by this
<br /> e
<br /> Mortgage and sale of the Property. If the breach is not cured on or beforc thc dste speci&ed in the notice, Lender
<br /> at Lender's option u�ay declurc ull oi Lhe sums secured by this �iortgage to be immediatcly due and payable
<br /> w-ithout further demand and may foreclose ihis \4ortgnge by judicial proceeding. Lender s6all be entitled to collect
<br /> in such proceeding ull expenses of foreclosure, inelu�ling, htrt aot lin�ited to , costs of documentary evidence,
<br /> abatracts and title reports.
<br /> 18- Bonowos's 8sght to Reinstete. Nottti�ithstanding I,ender's acceleration of the sunis secured Uy this
<br /> Mortgage, Borrower ehall hsve the right to have any proceedings begun by Lender to enforce this Vlortgage dis- `
<br /> continued at any time prior to entry of a judgment enfqtcing tl�ie liortgage if: (ai Borrower pays Lender all
<br /> aums which would be tben due under this �iortgage, thc 1\'ote nnd notes securing Futurc Advances, if any, had no
<br /> acceterstion oocurred ; (b) Borrower cures atl breaciies of anv other covennnts or agreements of Borrower con-
<br /> tained in this Mortgage ; (c) Borrower pays all reasonablc e�pensee incsirre�t hy I.ender in enforcing the covenants l�
<br /> gand agreements of Borrower contained in this _l�Iortgnge and in enfarcing Lender's remedies as provided in para- '*�
<br /> raph 18, hereof, incIuding; but nat7imited to, rerzsonAble ssttorney'� fees : nnd id } gorrower tskes such action as ��
<br /> I.endei may reaeoasbly reqnire fo assure that the ]ien of this ltortgage. Lender's intereat in the Property and
<br /> $orrower.'s obligation to pay the sums secured by this vIortge�e ��ia�� continue unimpsired. Upon such paymeat `'
<br /> and cure by Borrower,sthie Mortgage and the obligations secured hereby chall remain in fu11 force and effect as if
<br /> no acceleration had occnise�_ ,
<br /> ��' �'9�?sa� ot'Reab% Apposntment of Receiver; Lender in Posseasion, ps additionnl security here- �
<br /> tnider, Botrower heieby sasigins to I:ender E,he mnts of tl�e Property, prorided that Borro�rer sha[I, prior to acceter x_�
<br /> " afaon under paragraph lg bereof or abandonment of the Property, havc the right to collect and retain such rents `^ ;;;
<br /> � as €heq� beeome due;aad payable � ., % . �
<br /> Upon=accelerstion uader psragrsp6 2g hereof oi abandonment of the Yroperty, �n�er, in person, bv agent �`;'
<br /> or b�ru3ipbllq' appointed reoeiver"she,ll be entitled. to ent�r upon, .tske passecsion of and luana�;e thc Property t's�
<br /> and to >collc�cG the .rents of° the�Property,- including thosc pasL-due. . Al1 rents coilected by Lender or the receiver �Su� �;,
<br /> 81�51� be aPPlied firet to�Pay*iuenG of.4he coste of mauagement of;Ei�c Property and colleetion of rents, including, but
<br /> not ]imite8 to, receiver's fees, prem9ums on receiver's bonds and reasonable attorney's fees, i�nd then to the sums �
<br /> sCG�tirei} by't£i4s Mortgs.ge. I:ender an3 thc reCciti•cr sl�utl bc liuBlc to hccount onl}- for thosc rents nctunll3• recci�•ed.
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