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<br /> ; not extend or postpone tfte due date oi thc montlily instnll�nents referred to in paragraphs I and 2 � hereof or
<br /> change t6e amount of sucl� installments.
<br /> ' 1Q. Botrower Not Released. �xtension of the tiu�e for payment or �nodification of amortization of the aums
<br /> ' secured by this Mortgage grssnted by i,ender to any successor in interest of Borrower shall not .operate to release, -'
<br /> " � ' in anq: manner, the liability of the- original Borrower and Borrowcr's successors in interest. Lender shall not be i '�:
<br /> ;, � � required to commence proceedings againsG sucli auccessor or refusc to estend time for payment or otherwise modify
<br /> amortizstion ofthe surns- secured by this \iortgage by reason of any demand mssde by tUe originul Bonower and �'
<br /> {� � Borrower's successors in int.erest. . -
<br /> lI_ Forbearance by Lender Not a :Wmver. Any forUearnnce by Lender in exercising any right or remedy t
<br /> ' *""� hereunder, or otherwise afforded by applicable ls�v, shall not be a �vaiver of or preclude the exercise of any right �,�
<br /> � or remedy hereunder. The procurement of insurance or the ��ayment of taxes or other liens or charges by Lender ,
<br /> � � shaIl not be a �vniver of Lender's right to accelerAte the u�aturity of the indebtedne,s secured by this Mortgage. >'•
<br /> � � � 12. Remedies Cumulative. All remedies prooided in tliis \lortgage nre distinet and cumulstive to any bther r !;
<br /> � right or remedy under this �Iortgage or affordc�t hy ln��• or equity, and may be exercised concurrently, independ- '
<br /> ? ently or successively. �
<br /> ^� 13_ Successors aad Rssigns Bound; Joint �d Several Liability; Captions_ The covenants und agreements ��
<br /> t herein contained shall bind, and the rights liereunder shall inure to, thc respective successors nnd assigns of Lender ;;
<br /> .i and Borrawer, subject to the provision� of paragraph 1 i hereof. all covenants and agreements of Borrower sl�all ;
<br /> � be joint uad several. The captions snd liesdings of tLe paragra�ih� of this \ forf.�age are for convenience only and r;
<br /> , { are not to be used to interpret or define the provicions Lereof. ��
<br /> � 14. Notice. Any notice to Borrower pro�•ided for in thi, �lort�a�e shall be gi�•en by mailing such notice by ,S:
<br /> � eertified mail addressed to Borro�cer ut the Yroperty Addres� state� l belo�c , except for any notiee required under
<br /> .,, paragraph 18 hereof to be given to Borrou•er in thc munner prescribed 65� npplicablc lun�. :1ny notice provided r;
<br /> ` ; for in this �Iortgage shali be deemed to ha�-e bcen given to Borro«•er when given in the n�anner designnted herein. �
<br /> ? 15. Unilorm Mortgage; Govemiag Law; Severability. This form of mort.gage combines uniform covenants p,
<br /> 'j for national use and non-uniform covenants �vitl� limited �•ariations by- jurisdiction to constitute a uniform secu- �'
<br /> - rity instrument covering real property. This \Iortgage shull !�e 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 \4ortgnge or the Note conflicts with g
<br /> j upplicable law, sucl� conflict sholl not affect. otlier provisions of thi, \Iortgage or the Note which can be given �
<br /> 1 effecL without the conflicting provision, and to this end the provisions of thc \Iortgage and the Note are declared �
<br /> ; to be severable. j
<br /> ,; ; 16. Bozrower's Copy. Borrower shall be furnisliecl a conformed copy of this Dlortgage at the time of exeeu- �
<br /> � tion or after recordation hereof. �
<br /> 17. Traasfer oi the Property; Assumption. If all or any Imrt of the Property or an interest therein is sold
<br /> or transferred by Borrower without Lender� prior written consent, excluding (u) the creation of a lien or encum- ;
<br /> � brance subordinate to this VIortgage, ( b) the crention of u purchasc money security interest for household appli-
<br /> � ances, (c) a transfer by devise, descent or by operation of la«• upon the death ot a joint tenant or (d) the, grant of �
<br /> ' any leasehold interest of three years or less not. containing an option to purchnse, Lender may, at Lender's option,
<br /> � declare all the sums secured by this Mortgage to Ue iu�mediutely duc and payable. Lender sh1t1 have waived such �
<br /> j option to accelerate if, prior to the sale or transfer, Lender and tl�e person to whom the Property is to be sold or i
<br /> � transferred reacl� agreement in �vriting t6at the credit of sucl� person is satisfactory to Lender and that the intemst �
<br /> payable on the sums secured by this viortgage shall be at sucl� rnte us I.ender shall request. If Lender has waived �
<br /> the option to accelerate provi3ed in this paragrapii 17 anci if Borro«�er's successor in interest has executed u writ- u
<br /> � ten assumption agreement accepted in writing by 7.ender, Lender shall release Borrower from all obligations under
<br /> this Mortgage and the Note. � =
<br /> If Lender exercises such option to sccelerate, Lender shall �nail Borrower notice of acceleration in accordance $ .
<br /> � �vith paragraph 14 hereof. Such notice sh:ilt provide a period of not les: tl�nn 30 dnys from the date the notice is �
<br /> mailed within which Borrower may psy the sums declared due. If Borro��•er fails to pay such sums prior to the •
<br /> � � expiration of such period , Lender may, ���ithout furtlier notice or demand on B'orrower, invoke any remedies per- �
<br /> mitted by paragraph 18 hereof. �-
<br /> s.
<br /> t � \Tox-UxiFoxnc COVENAICTS. I30C1'OWCP .md Lender furtl�er covennnt and agree as follows : -
<br />� , 18. Aeeeleration; Remedies. Except as pro�•ided in � �arn.gru��li 17 Lereof, npon Borrower:s breach of any
<br /> i ; covenant or agreement of Borro�cer in this �Iort�ngc, includin� tlic covenants to �>ny �vhen due any sums secumd �
<br /> ttl by this 1lortgage, Lender prior to ncceteration ,hall m.iil noticc to Borro�vcr as �>ro��ided in paragrapl� 14 I�ereof
<br />�; specifying: { 1 ) the breacl ; ( 2) the nction required to cwr .uch breacL ; 13 ) i► datc, not less than thirty days
<br />' from the datc thc notice is mailed to I3orro�cer, b�• ���hicl� �ucl� brr.uh iuust bc �•urnd ; and (41 that failurc to cure
<br />':� such bresch on or before tlie date specified in tl�e noticc �uuy result in acccleration ot tlic swus secured by this
<br />°,� • Mortgage and sale of the Property. If the breach is not cured on or beforc the date specified in tl�e notice, Lender
<br /> ,� , at Lender's option may declare ull of the sums secured by this \Iortgagc to be immediately Jue and payable
<br /> � without further demand and may foreclose this viortgage by judiciul �iroceeding. Lender shall he entitled to collect
<br /> in such proceeding all expenses of foreclosurc, including, but not 1i�nited to, costs of documentary evidence,
<br />'; J abstrscts and title reports.
<br />" � 19. Bozrower's ffight to Aeinstate. 1\'otwithstanding I.ender's ucceleration ot the sum� secured by this
<br /> `i Mortgage, Borrower shall have the right to ha�•e any proceedings begun by Lender to enforcc thie �'tortgage die-
<br /> � continuedst any time prior to entry of a judgment enforcing thia \Iortga�;e if : (n ) Borro�cer psys Lender all
<br /> sums which would be then due under this \Iortgsge, thc Note and notes securing Future Advances, if any, had no
<br />, � acceleration occurred ; (b) Borrower cures all Ureuches of any other co�-eni�ntc or agreements of Rorrower con-
<br /> 4 tsined in this Mortgage ; (c) Borrower pays all reasonable espenses incurred b}� I,ender in enforcing the covenants
<br />' j and agreements of Bnrrower contained in this 1Iort�age and iu euforcing Lendcr'� remediea sss provided in }>era-
<br /> graph 18 hereof; including, butaot limited to, rensonuble attorne}•'s See, ; and fd ) Borrower takes such action as
<br />% Lender may reaeonably` require to assure that the lien of this �[ortgage, Lender's interest in the Property and
<br />� Borrower'a obligation to paythe sums securecl by this �'Iortgnge �I�nll continue unimpnired. Gpon such papment ,�� �,
<br /> and cute by'Borrower, Ehis Mortgage snd the obligations secured liereby �hall remain in full torce an8 effect as if
<br /> t no acceleration had occurred.
<br />_ < 40. Aseignmqat..of 8aats; Appomtmeat of Receiver; Leader in Possesaioa. As additional security here- �
<br />� under, Borrowerher8by aegigiis to L'ender tfie renf,s of tlie Property. pro�•idecl thati Bonow•ec shall, prior to acceler-
<br />� s6non und"er;�paragrsph 18 hereof� or a6andonment of the Property, have thr ri�ht to collect and retain yuch rents
<br />� ; as they,liecome due and payable.
<br /> E . U'poa=,ac6eleration under;paragraph 18 hereof or abandonment of the Yro��erty, Lender, in pereon, bv agent
<br />. orby:jndicisllq appointed receiver' ahall be entitted to enter upon , tAke pasaession of nnd manuge the Propetty
<br />,�' and to. collect .the rents of. the Property, incYudin� those past due. .�11 rents collected hy 7.endcr or the rPceivcr
<br />�;� ahall be spplied firat to payment of the costsbf;management of tl�e Property and collection of rents, including, hut
<br />.� not,limited'to, receiver'e fees, premiums on receiver's bonde and reasonnble xttorney's feea. and then to the eum,
<br /> 3 secured by this Mortgage. T:ender and the receider shall be liuble ta account only for those rents actualh• received.
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