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<br /> � not extend or post.pone the due ciute of tiie inontltly irrstnllments refesred to in �aragrRphs 7 �and 'L hereof or
<br /> f change the amount of such installments. `
<br /> ; " 20.�'3arraocer PIo!`Releuses3. Exteneion of the time for navment or modification of amortization of the aums ; � ' � �_+
<br /> s�cured;by-tliis i�Iortgage granteti by Lender to_any successor in interest of Borrower ehall not opemte to release, � '; < , { ' �`�
<br /> �. in any inanner, the liabilitv of t6e original Borcotver and $orrowcr's successors in interest_ Lender shat! not be r y �>�!�
<br /> y�' required to Commerice proceedin� agamst sucl� succeasar or refusc to extend time for psyment or otherwiae modify � � � , r, ,�;La '�, �,��
<br /> � {� amortizat'ion of the sums secured t�y this \Iortgage by reason of any demand insde b,y the originai Bonower and �" � ` �� ' , ,
<br /> Borrow@r'ssuceessois in inf�erest. i : t �'�5�
<br /> '" 2�2:�Forbe��ce by Leader Nat ¢ Wmver. Any forbearance by I.ender in exerciaing any right or remedy � � � , �� t�
<br /> �� hereunder, or otherwiee affordedby applicable lacv, shall not 6c a tivai�er of or preclude the exercise of any right r � ; r '�
<br /> y or remedy hereunder. The procurement bf insurance or the psyment of taxes or other liens or charges by Lender r : , , : � r g''
<br /> ''"� afiall not be a wsiver of Lender s riglit to accelerste the maturi6y of the indebtedness securQd bq thia Mortgsge. �,
<br /> � ' ' I2,',Remecli�s Cumulative. 'Aliremeaies provided in tl�is \4ortgage are distinct And cvmulative to any other t ^ � � ,���'�
<br /> � right� or remedy under this 1lortgage or afforded hy lu�c or eqiiicy, snd �nay be exercised concurrently, independ- ` �� ' � -
<br /> � cntly or saccessively. ` ` ' 4 �
<br /> C� 13.' Suceeasors aad Assigas Souad; Joiat �d Sevezal Liability; Cccptions. The covenaats and agreements F, " ;.
<br /> :� herein contained'shall bind, und the rights hereunder shull inure to, thc respectivc successors and aesigns of Lender '•" ` :�.
<br /> r and Borrower, subject to the provisions of ��aragraph 17 hereof. All covenants and txgrecments of Borrower ehall � �'
<br /> r ��'
<br /> � be joint and several. The captions and headinp,s oE tlie paragruphs of this \fortgage are for convenience only and ` ' �
<br /> n, sre notto be useci to interpret or define t:l�e provisions hereof. p . � ;
<br /> 14. Notice. :�ny_ notice to Borrower procided for in t6is �Iort�age shnll bc given by maiting such notice by ' :` 4 <<�,'�,
<br /> certified: mail addressed to Borrower ut the Property :lddress stated belo�c, except for any notice required under ` `r, �:
<br /> }�aragrapl� 18 hereof to bc given to Borro��-er in tl�e manner prescribed by ap�ilScable Iaw. An,V notice providecl J ' 'r�%
<br /> for in this �iort e shall be deemed to ha�•c been rveti to Borra�cer u�lien �` "`r ``
<br /> �g g given in the ttianner designated herein u ,; a ,�,��
<br /> 15. Unilorm Mortgage; Governiag Law; Sevezability. This forni of mortgage com�ines uniform covenants �' `' �t�t`�
<br /> For national use nnd non-uniform covenants �vith limitecl variations by jurisdiction to constitute a uniforin secu- � .�. C„
<br /> rity instrument covering rea.l property. This \3ortgage sha❑ be governed by the ls�v of the jurisdiction in which rk *
<br /> the Property is located. In the event that uny provision oi• clause of this �Zortgage or the Note conflicts with ` ' j'��=
<br /> , ,:
<br /> applicable law, such contlict shall not sffect other provisions of this JIortgage or the I�Tote �a�fiich can be given � ` " T
<br /> effect without tlie conflicting provision, and to this end tl�e pro��isions of the 3lortgage and the Note are dcclared F < ^"a a
<br /> to be severable. ;; -'" ^; *� ��'�y
<br /> 16. Borrowar's Copy. Borrower shs�ll be furnisiied a conformed copy of this Mortgage at the time of execu- ; +" .'�
<br /> tion or after recordation l�ereof. ti ' „��,
<br /> 17. Tr�sfer of the Property; Assumption. If all or any part of the Property or an interest therein is eold �" ` , � , ` �'^"�`��"�'
<br /> or transferred by Borrower �vithout Lender's prior written consent, excluding (a) the creation of a lien or encuu�- �; � K��� �`
<br /> brance sabordinate to this Mortgage, (b) the creation of a purchase money security interest for household appli- j Y ` y � �'f'
<br /> ances; (c) a transfer by devise, descent or by operation of la«• upon ttte death of u joint tenant or (d) the, grant of r '� y � '�� ��z�
<br /> any leasehold interest of three years or less not containing an option to purchase, Leiider may, at Lender'e optian, i � s.y'
<br /> ' declare a11 the sums seeured by this Mortgage tu be imu�ediately due ancl payable. Lender shall have �vaived such � . � z ��r��E'
<br /> , option Co accelerate if, prior to tl�e sale or transfer, Lender a�id the person to whom the Yroperty is to be sold or v `_ ;����
<br /> transferred reach agreement in writit�g that the credit of such per,on is satisfactory to Lender and that the interest � � ; c � '
<br /> �
<br /> payable on the sums secured by this Mortgage shall be at sucli rate as Lender shall request. If Lender has waived '� " ` _ ,y; v;`, '�`,��
<br /> the option to accelerate provided in this paragraph 17 and if Borrower's successor in interest has executed a writ- �" ;" e.�=xi'`'�
<br /> ten assumption agreement accepted in writing by I.ender, Lender shall release Borrower from sil obligations under �'' `x�'
<br /> this Mortgage and the 1\Tote. � " ; �����
<br /> If Lender exercises such option to accelerate, Lender sha11 mail Borrower notice of acceleration in accordance � ' ` "
<br /> �vith paragraph 14 hereof. Such notice shall provide a period of not less tlian 30 days from the date the notice is " I � r,J+_
<br /> mailed within wbich Borrower may pay the sums declAred duc. If Borrower fails to pay such sums prior to the �
<br /> expiration of such ;period, Lender inay, without further notice or deinand on Bbrrower, invoke any remedies per- ; � % } "'
<br /> mitted by paragrsph 18 hereof. � , ;;
<br /> . . . . ^.I�i Rb ��
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<br /> I�TON-ITNIFOR�M COVENANTS. BOl'1'O\P@1' RIICl L0T)C�CI' t�llCtU@]' COVCT1871t and ngree as follo�vs :
<br /> 18. Aeceleration; Remedies. Except as pro�•ided in puragrapl� 17 hereof, upon Borrower's breacli of nny
<br /> covenant or agreement of Borrower in this �fortgagc, includin� thc covenants to pay «•hen duc uny sums secured ,
<br /> by Lhis \tortgage, Lender prior to acceleration sl�atl �iiuit notice to Borro«-cr as provided in paragrrspli 14 l�ereof
<br /> specifying: ( 1 ) the breach ; (2) the netion required to curc �ucl� brcacl� ; (3 ) u dntc, not less than thirty days ;
<br /> from the date thc notice is �nail�d to I3orro�ccr, b�� t�•hicl� �ucli hreach �nust be cured ; nnd (4 ) thut failurc to cure r`
<br /> such breach on or before the date specified in the notice muy result in acceteration of t6e sums secured by this
<br /> , ,}� .'�Iortgage and sale ot the Property. Zf the breacli is not cured on or befom the date specified in the notice, I.ender �`.
<br /> � st Lender's option inay declt;re all of the sums secured by this vlortgsge to be immediatcly due and payaUle
<br /> ".:� without further demand and may foreclose this J4ortgagc by judiciul proceeding. Lender shall be entitlecl to collect
<br /> in auch proceeding all expenses of foreclosurc, including, but not liinited to, costs of docuinentary evidence,
<br /> abstracts and title reports.
<br /> �' 19. .Sorrowsr's ffight to Reinsteta. ,Yotwithstanding 1.ender'� acceleration of the sun�s secured by this
<br /> ; Mortgage; Borrower shaA have the right to have any proceeding. begun by T.ender to enforce thie Mortgage dis- ,; :k
<br /> "�: coatinued at any time prior to entry of a judgment enfoxcing this �fortgage if: (nl Borrou-er pays Lender all
<br /> sums which would be`then due under this �Iortga�e, the Note and notes securing Futurc Adcances, if any, hsd no
<br /> seceleration occurred ; (b) Borrower curec u❑ breaches of any other covenants or agrcements of Borrower con-
<br /> _ taiaed in.this Mortgage ; (c) Borrower pays all rensonable expenses incurred bp Lender in unforcing the covenants t u
<br /> . � and agreements-of Borrower contained in thic \•fortgagc and i�t eaforcin� i.cndcr's remedics nc l�rovided in para- ''
<br /> '% graph , 28, hereof, inclnding, but notlimited to, mnsonuble attorney's fees : mnii (dl Borrower takes such action as "
<br /> � Lender may reaeonably requiaue to asaure that the lien of this \fortgage, Lender's interest in the Property und ;. � ;
<br /> Borrower's. obligation to 'pay thesums secured hy this vIortgage shatl continuc unimpaimd. Upon such payment " rfi
<br /> � " . .• � x Ai�
<br /> arid cure by Borrower, this Mortgage snd the obli�;ations secured hereb}• shall remain in full force and effect as if ��"'�`
<br /> ��; � no acceIeration had ocourred. �. � � � f p�
<br /> 22Q ` Xssignm�at of, R�ab; Appointment of ,Raeeiver, Leader ia Possescion. As additional security here- � �:;' � �
<br /> under�'Bormwe'rHeeeby �sgeigns to Lender 'the rents bf tlie Property, pro�•ide�l thst Borrower shall , prior to acceler- "'%
<br /> �* „, +��:;
<br /> ataon undet paragraph , l8�hereof or, abandonment of tl�e Property, have thc rigfit to collect and mtain such rents � ��yu„
<br /> se,tfieey��become due snd.P$Yabs7e. ' : , ,�;� ,.�.
<br /> UQoh:�aocelerstion under paragrapU 18 hereof or abandonment of the Yroperty, Lender, in person, by agent �..
<br /> " or by .7ndiaially;,nppointed teceiver shall be entitled.:to enter upon, take posse<sion of and �nanage the Property w.:�.�, + .. �
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<br /> ,:snd ta-.collect the..rente ofzthe Property, ,including tfiose-past due. All rents collected by Lendcr or the receivcr
<br /> �� shall be agplied fir@t to payment of the costs of management of the Property snd collection of rents, including, but
<br /> ,�r not I�mited tq recexyer's feea, premiums on receiver's bondc snd reaconable attorney's feee, and then to the sums
<br /> {+`� secured tiy t}ue Mortgage;' I;ender and the receiver shsll fic liable to account only for those rents actunlly received.
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