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<br /> not extend or postpone the �lue date oi the �nontlily instsilhnents refer:•ed to in paragraphs ] und 2 hereof or
<br /> change the amount o[ such installments.
<br /> ? 10. Borrower Diot Released. Extension of the tiine for paymei�t or inodification of amortization of the sumA
<br /> securedby this vlortgage granted by I.ender to nny successor in interest of Borrower shull not .operate to release,
<br /> ' in any manner, the liability of tlie original Iiorrower and $orro�ver's successors in interest. Lender shall not be
<br /> ; required to coYnmence proceec�ings sgainst �ucli successor ar refuse to extend time for payment or otherwise modify ��., ' "
<br /> _ (� amortization of the sums secured by this �tortgage Gy reuson of any demand mude by thr. original Borrower and 4 j:
<br /> (a Borrower's succeasors in interest. A
<br /> ; � 11. Forbear�re by Leader Not a Wcriver. Any forbearance by Lender in exercising uny right or remedy • ' S�
<br /> a . hereunder, or otherwise affordeci by npplicable la«•, shall not Ue a. wni-rer of or preclude the exercise of any right y'" ` '
<br /> � or remedy hereunder. The procurement of insurance or thn payinent of taxes or other liens or charges by Lender
<br /> � � shsll not be a wuiver of I.ender's right to accelerate the maturity of the indebtedness secured by thia Mortgage. �:
<br /> : � 12. Remedies Cumulative_ �111 remedies provided in tliis \4ortsage are distinct and cumulative to any other �=
<br /> `' right or remedy under this \Iortgage oc afforcicKl by la��• or equicy, and ma�• be exercised concunently, independ- 4
<br /> � � enWy or succeasively. �;
<br /> � � 13. 3ucceasors cmd Assiyas Bound; Joiat <md Several Liability; Captions. The co��ennnts and agreements '
<br /> 3 � herein contained shaIl bind, and the rights i�ereunder shap inure to, the respectivc successors and assigns of Lender �
<br /> � and Borrower, subjeet to the provisions of paragrupli 17 l�ereof. :111 covena�its und agreements of Borrower shaIl `
<br /> '' be joint and aeveral. The csptions aud Leadings of ti�e puragrnphs of this \ lortgage are for convenience only and t
<br /> � � are noE to be used ta interpret or define tlie provisions hereof.
<br /> � ^ 14. Notice. Any notice to Borrower pro�•ided for in this �lortgage shu11 be gi�•en by mailing such notice by �
<br /> certified inail addressed to Borro�cer at the Property :�ddress sta[ed beto«•, except for uny notice required under �
<br /> � paragrnph 18 hereof to be given to Borrou•er in the manncr prescribed hy app� 9cable la�v. Am• notice provided #
<br /> ` � for in this _�Iortgage shall bc deemed to 6a�•c bcen given to Borro«•er «•hen given in thc manner designnted herein.
<br /> - _ � 15. Utsiform Mortgage; Govemiag Law; Sevasability. This form of ruort�age combines uniform covenants
<br /> � for national use and non-uniform covenants wikL limited ��aristiotis by jurisdiction to constitute a uniforrn secu-
<br /> rity instrument covering real property. Tl�is \Iortgagc shall be governecl by the laa• of the jurisdiction in �vhich ' '
<br /> � the Property is located. In the event that miy provision m• clause of this �Iortgage or the Note conAicts �vith
<br /> � applicable law, such conflict shall not nffeck other provisions of this \ iortgage or the Note which cun be given
<br /> ett'ect without t6e conflicting provision, and to this end the provisions oi the \Sortgage and the Note are declared
<br /> - : to be �evers6le.
<br /> ' ; 16. Bonowez's Copy. Bortower shnll be furnished n conformed copy of this i\3ortgage at the time of execu- ° -
<br /> tion or after recordation hereof.
<br /> �3 17. Transfer of the Property; Assumption. Ii all or an,y part of the Prope.rty or an interest therein is eold +
<br /> or tranaSerred by Borrower without Lender's prior written consent , excludin `
<br /> g (a) the creatimi of s lien or encum- �^
<br /> i brance subordinate to this \-fortgage, ( b) the creat.ion of s pi�rchase inoney security interest for household appli-
<br /> , � ances, (c) a transfer by devise, descent or by operation af la�e upon ihc death of a joint tenant or (d ) the. grant of s
<br /> any leasehold interest of three, years or less not containing an option to purchase, Lender may, at Lender's option, F
<br /> � declare all the aums secured by this bIortgage to be im�nediately due nnd payable. Lender shall have �vaived such �
<br /> ,� option to aacelerate if, prior to the eale or transfer, Lender nnd tl�e person to whom the Property is to be sold or r ,>`
<br /> transferred reacli agreement in �vriting that the credit of such person is satisfactory to Lender and that the interest
<br /> y payable on the sums secured by this blortgage sliall be a,t such rate us I.ender sl�all request. If Lender hss wuived "�
<br /> � the option to accelerate provi3ed in this paragmph 17 and if Borrower's successor in interest has executed a writ- '
<br /> r
<br /> ten sseumption agreement accepted in writing by 7.ender, Lender shall release Borrower from sll obligations under ,;:
<br /> thie Mortgage and the Nate. ` , :
<br /> If Lender exercises such option to accelerute, Lender shnll a�sil Borrower notice of acceleration in accordance ?
<br /> �vith paragraph 14 hereof. Sucli notice sl�all pro�•ide a period of not les� than 30 days from the date the notice is � `
<br /> � mailed within which Borrower may pay tl�e sums cleclared due. If Borrower fails to pay such sums prior to the
<br /> _ i expiration of such period, Lender may, without further notice or riemand on Bbrrower, invoke any remedies per-
<br /> ,� mitted by paragraph 18 hereof.
<br /> � NON-UNIFORM COVENAICTS. BOI'I'OWQI' d71C1 LCI3(IC'I' Ylll'tI1C1' COVCI73Ilt and agree as follo�vs :
<br /> 18.' Aeceleratioa; Remedies. Escept sss pro�•ided in piitmgrajil� 17 hereof, upon Borrower's breach of any
<br /> , � covenant or agreement of Borro�rer in tLis Jlortgnge, including tlic covenants to pay «•hen due nny sums secured
<br /> � by this Ytortgage, Lender ��rior to acceleration shssll muil noticc to Borro�vcr as �iro��ided in para�raph 14 hereof
<br /> � specifying : ( 1 ) the breach ; (2) Lhe nction required to curc auch brcaeh ; 13 ) n datq not less than thirty days
<br /> from the date thc notice is mailed to I3orro��•cr, 64• ��• hiel� suc6 brr.ticii umst bc cured ; and ( 41 that failurc to cure
<br /> such breach on or before the date specified in tlie noticc rouy result in accelerstion of thc sutu: secured by this
<br /> '� tiIortgage and sale of the Property. If the breacl� is not cured on or beforc the dnte specificd in tlie notice, Lender
<br /> 'F • at Lender's option may declarc a1l of the suros secured by this �fortgage to he immediately due and payable
<br /> ; � witLout further demand and may foredose tl�is 33ortgage by judicial proceeding. I,ender shall be en[itled to collect
<br /> in such proceeding all expenses of foreclosurc, inclu<ting, but not limited to, costs of documentary evidence,
<br /> abstracts and title reports.
<br /> i 19. Boaowezs ffight to Reiastate. ATotwithstanding Lendei's ucceleration of the sume secured by this �
<br /> ',� Mortgage, Borrower shsll have t6e right to have any proceeding. begun by I.endcr to enforce this 1lorigage dis-
<br /> ; continued at any time prior to entry of a judgment enfqzcing this \fortgage if : ( n) Borrowcr pays I,ender all
<br /> � sums which would be then due under this \3ortgage, tlic Note nnd notes securing Future Adr•ances, if any, had no
<br /> `,; acceleration occurred ; (b) Botrower cures a! ! breaches of any other co��cnnntc or agreements of Borrower con-
<br /> :� tsined in this Mortgage ; (c) Borrower pays all rcasonable espenses incurred by Lender in cnforcing the covenants
<br /> � snd agreements of Borr+ower contained in this \iort�n�c and in enforcinG i.ender'� remedie� as pro�•ided in para- "
<br /> �,� gtaph 18 hereof, including, but not limited to, reasonable attorney'F fe�� ; and 1 d ) Borrower takes such action as
<br /> � Lender may reasonably require to assure t.hat the lien of this \fortgagc, Lender's interest in the Property and �
<br /> Borrower's:obligation to pay the suma seeured hy this JIortgage. chall continuc unicnpaired . Upon auch payment �
<br /> and cure by Borrower, this Mortgage and the obligations sec�red herebv shull remain in full force and effect as if -� �"> '� '$
<br /> no scceleration had occurred. ;:;;
<br /> 20. Jisaigameat of Rsata; Appoiatmant o!` Receiver; Leadez in Possession. As additionai security here- 1 � '
<br /> under, Borrawei� hereby sesigns to I,ender tlie rents of tlie Property, pro�ided thnt Borrower shall, prior to acceler- J � � '
<br /> stioa under;�aragraph 18 hereof or abandonment of tfie Property, ha��c thc right to collect and retain such rents
<br /> ss thep become due and payable ��+;` R y
<br /> Upon acceleration under paragrapl� 18 , hemof or abandonment af the Yroperty, Lender, in person , by agent �� *" � � -
<br /> ,: , .
<br /> or by jndioislly appointed.receiver;shsll be entitled to enter upon, take posseccion of und manaRe the Property -' ` °
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<br /> � aad to co1le.Ft the. rents of .the ProperLy, includinR thosc pust due. All renta collecteci by I,ender or the recciver
<br /> R Pha�l beappIied firat to paymeat of 'ttie costs of mansgeinent of the Property and collection of rents, including, but
<br /> inot limited to, receiver's fees, .premiums on ' receiyer's bond.r snd reusonable ettorney's fees. and then to the sums
<br /> � secured by this Mortgage. Lender and the receiver s6a11 be liuhle to account only for those rents nctunlly received .
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