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<br /> not extend or postpone the due dste of t.he monthly instalhnents refer:ed to in paragraphs 1 �and 2 hereof or
<br /> change tho amount of sur,h , iustallments_
<br /> I0. Borrower Not Rel@ased. �xten.sion of the ti�ne for �ravment or �nodificatian of amortization of the sums
<br /> seCured by tliis biortsagegrante�! t�y L,ender, to any sucr,essor ' in interest of Borrower shull not .operate to release,
<br /> in any ttianner, tlie iiability oP tl�e original Borro��-er nnd Borrower's successora in interest. Lender shall not be
<br /> required to epmmence ,proceedings sgainr,t such successor or refusc to extend time for payment or othernise modify � -.
<br /> amorti2ation of the sums secured by tl�is �Iortgage hy reason of any demand made by the original Borrower and � ';' .
<br /> � Borrower's successors in interest: i ,
<br /> � 11. . Farbearaace by Leader Not a Waiver. Any forbearance by Lender in exercising any right or remedy Q ;;
<br /> � hereunder, or otherwise afforded by ttpplicable law, shnll not be u waiver of or preclude the exercise of any right y ,,
<br /> � ` or remed,v hereunder. The procurement of insuraiice or the payment of tnxes or ot.her liens or charges by Lender t i
<br /> Q dhall not be 'a waiver of Lender's right tc3 accelernte the msturity of the indebtedness secured by this Mortgsge, �. :
<br /> Q i2. Remec7ies Cumulative. .AI! remedies provided in tliis \iortgage are diatinct a�d cuinulative to uny other �
<br /> right'or remedy under this �Iorfgage or �ffm•ded by ]a�c or c�uiiy-, und may� bc exercised concurrently, independ- :
<br /> r ently or succeasively. � "
<br /> Op 13. 3ueeessors cmd Assigns Bound; Joiat �d Severel Liability; CapGoas. Tl�e co�•enants and agreement� C '
<br /> ^ herein contained ahsll`bind , a.nd the ri�hts hereunder ,hssll inure to, thc respectivc successors und ussigns of Lender � '
<br /> und Borrowcr, subjeet, to the provisions of paragraph ] 7 hereof. �111 co�•enants and agreement� of Borrower shall ,
<br /> be joint und severaL The captions snd headings of tF�e paragrnphs of this \ fort�uge are for convenience only and �
<br /> are not to be used to interpret or define tl�e provicious hereof.
<br /> 14. Notice. Any notice to Borrower pto�•ided for in tl�i� Jlortgugc shal ! bc gi��en by mailing such notiee by
<br /> certified mail addressed to Borro��•er ai the Property :lddress st3ted bclo«• , except Por any notice reyuired under F .
<br /> pmragrsph 18 liereof to be given to Borro�cer in the ina�rner ��i•exi•ibed by applicahlc law. Any notice provided
<br /> for in this Vlortgage shall he deemed to ha�•c hecn given to Borron�er when gi��en in the manner designated herein. '
<br /> 15. Uaifvrm Mortgage; Goverxsing Law; Sevezability. 'fhis for�u of mortgage combines uniform covennnts �
<br /> .�.
<br /> for national use and non-uniform covenants witli limitect variations by jurisdiction to constitute a uniforru secu= i "
<br /> rity instrument covering real property. This \ioi•tgagc sha11 be governed by the law of the jurisdiction in which '- a'-"
<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 shnll not affect other provisions of this �iortgage or the 1Vate which cnn be given j - � ;
<br /> effect without t6e conflicting provision, and to this end the provisions of the \Iortga�e und the Note are declared
<br /> to be severable. t ;
<br /> 16. BoFroweis Copy. Borrower shall be furnislied a contorrned co}�y of this \iortgage at the time of execu- ,'.
<br /> tion or after recordation hereof. + .. ,
<br /> 17. Tr�qfaz of the Property; Assumption. If all or a�y part. of the Property or an interest therein ie sold ` L ;
<br /> or transferred by Borrower without Lender's prior written consent, excluding (a) the creation oF a lien or encum- �,=.
<br /> brance subordinste to this Mortgage, ( b ) the creation of a purchase money security interest for household appli- � �`-
<br /> sncea, (c) a transfer by devise, descent or by operation of la��• upun the death of n joitit tenant or (d ) the. grant of � � i `?.
<br /> any leasehold interest of three years m� less not containing an option to purcha�e, Leuder may, at Lender's option, ' '�,_�;
<br /> cleclare all the sums secured by this Mortgage to be immediately duc and paysblc. Lender shsll have wsived such � , .n=
<br /> option to secelerate if, prior to tl�e sale or transfer, Lender and tlie �rerson to whom the Property is to be sold or � ' ��
<br /> tranaferred reacl� agreement in writing t6at the credit of such �ierson is satisiactory� to Lender and that the interest %
<br /> payable on the sums seeured by this bIortgage shall be at sucL ratc us Lender shall re�uest. If Lender hss waived ?
<br /> the option to accelerste provided in this para�raph 17 and if Borro�ver's successor in interest has executed u wri� �
<br /> ten sssumption agreement accepted in �vriting by I,ender, Lender shall release Borrower from all obligations under q
<br /> thia Mortgage and the Note. { '
<br /> If Lender exercises such option to accelerate, Lender shull :nail Borrower notice of acceleration in accordance � ry '
<br /> ryitli parsgraph 14 hereof. Such noticc shall pro�•ide a period of not less than 30 days from the dntc the notice is �
<br /> mailed within which Borrower may puy the sums declared due. If 13orrower fsils to pay such sums prior to the a, ;; r -`
<br /> ezpiration of such period, Lender msy, without furt.l�er notice or �iemand on Bbrrower, invoke any remedies per- � ., .
<br /> mitted by paragraph 18 hereof. , .
<br /> Nox-Uxisoxu CovEx�►rTs. Borrower Nnd Lender furtl�er covenant and agree as folloivs : �
<br /> 18. Aeeeleration; Remedies. ExcepL as �n•o��ided in � �aragra��6 17 hereof, upon Borrower's breach of any `
<br /> covenant or sgreement of Borrower in this �iorE�nge, including tlic covennnts to pay �rhen duc rsny sums secured ?
<br /> by this �3ortgage, Lender prior to acceleration .liull inuil notice to Borro«•cr as n•o�•ided in `
<br /> I paragrnph 14 I�ereof
<br /> specifying: ( 1 ) the breach ; ( 2) the nction rcquimd to cw•c sucli I>rcach ; 13 ) u dutc, not Icss tl�an thirty days j
<br /> from the date the notice is �nailed to I3orro��•er, by �chich eucli brench must be cured ; und (4 ) that failurn to cure
<br /> euch bresch on or before the dnte specified in thc noticc u�uy result in acceleration oC tLe sume secured by this
<br /> Vlortgage snd sale of the Property. If the breach is not cnred on or before tl�e dste specified in tl�e notice, Lender
<br /> at Lender's option may declsre all of the sums secured by thi� liortgagc to be immediately due and payable
<br /> without further demand and may foreclose tl�is �4ort�age by j udicial proceeding. I,ender shall bc entitled to collect
<br /> in such proceeding all expenses of foreclosurc, including, but not li�nited to, costs of documentary evidence,
<br /> abstracts and title reports.
<br /> 19. Borrowar's ffigl�t to Reinatate. 1\'otwitl�standing 7.ender'a sscceleration of the sumc secured by this
<br /> Mortgage, Borrower shall have the right to have any proceeciings begun by I.ender to enforce this Mortgage dis-
<br /> continued at any time prior to entry of a judgment enfoY�cing this \fortgnge if : (al Borrow�er pays Lender all
<br /> sums which would be then due under this �iortgage, t2�e Note and notes securing Future Advances, if any, hnd no
<br /> acceleration occuired ; (b) Borrower cures ull breaches of any other covennnts or agreements of Borrower con-
<br /> tained 'in this MarEgage ; (c) Borrower pays ull reasonable ex��enses incurrecl by I.ender in enforcing the covenants
<br /> and sgreeme�s af Borrower coatained in this VIortgage and in enforcin� I.endcr s remedies aE ��rovided in Paru-
<br /> graph 18 hereof,;including, but not limited io, reasonable sttorne� 's iees ; and td ) Borrower takes such action as
<br /> Lender; may reasonablq require to assure that the lien of thia \Iortgage, Lender's interest in the Property and
<br /> Borrower's obligation to pay the sums secured hy this \Zort�age shall continue unimpaireci. Upon such payment r . , 'r . ,, _,� • '
<br /> sad eurc .by Borrower, this Mo�tgage and t6e obligations eecured hereby shall remain in full force and effect as if
<br /> no acceleration hsd occurred. V" �-""'"�
<br /> �%;
<br /> 20. A+d�nt oi Rs�s,- Appoiatmsat of Receiver, Lender in Possesaioa As additional security here- R , -.
<br /> under, Borrower liei�eby'asaigas' to Lender the rents of the Property. provided thst Borrower shall, prior to acceler- I ` " *z =
<br /> ataon under patsgreph 18 hereof or abandonment of the Property, havc thc right ta collect and retain such reats ' "�'
<br /> se they- tiecom�dne and psyable. , ' �i� f , t
<br /> '' Upon $ceeleiation uader- paragrspli iS`hereof or abandonment. of the Yroperty, Lender, in person, by agent , trY
<br /> or bq yn�cisliy appointed receivershall be- entiWed to enter upon, take possession of and �nanage the Property �� ,.�, ; „;'�,
<br /> and to �Colleg�,the .rents of the,P.topertg, .ineluding those Past due. All re�ts evllected hy Lender or the receiver `
<br /> ahall be applied fiatibto pay,ment of the costs oF inana.gement of the Property and cullectiun of reuts, including, but
<br /> not ]imited to, ieoeiver's "fees, premiums on recciver's bonds and masonable uttorney's feea, and then to the sums
<br /> aeeured' by this Mbrtgage. Lender and the receiver sGall he liubie to sccount only for tf�ose rents actually received.
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