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<br /> not extend or postpone t}�e due dnte of tl�e �nontlily instnllments refer:ed to in parugraphs 1 and 2 hereof or °
<br /> jchsnge the amount of such instuliments.
<br /> � 30_ Borrpwer Not Released. �xtension of the time for payment or �nodification of ainurtizntion of the aums
<br /> secured by this ;MorGgage grnuted by Lender to any successor in interest af Borrower shall not operate to release, �
<br /> in sny manner, the lisbility ot the original Borrower and Bon•ower's successors in interest. Lender shall not be ,: , `
<br /> � requirec3 to comiuence proceedings a�ainst sucli successor or reiuse to extend time for payment rn• othernise modiiy
<br /> amortization of the aurus secured by tl�is \-Iortgagc by reasou of any demand mnde by the originnl Borrower and ;
<br /> � . � O Bonower's succeasors �n interest. . ,
<br /> . � C� 1L Forbeaz�ce by Leader Not a Waivez. Any forbearance by Lender in exercisiag any ri�ht or remedy �,
<br /> � CO hereunder, or otherwise afforded by applicable lun•, shall not be a wniver ot or preclude the exercise of any right
<br /> � � or remedy hereunder. The procurement of insurance or the payment of taxes or other ]iens or charges bg Lender
<br /> ` � Q aha11 not be a waiver of Lender's right to accelerate the maturity of the indebtedness secured by this Mortgage. , .
<br /> +'� 12. Remedies Cumulative. All remedies provided in tliis \Zortgagc nre distinct and cumulntive to $ny other ;
<br /> t. right. or mmedy under this 3lortgage or afforded b� ]a�e or equicy, nnd n�ay be exercised concurrently, independ- ; '
<br /> � � entIy or suecessively.
<br /> 13. Succesaors �d Xssigas Bouad; Joint tmd Several Liability; Captions. The covenants and agreements
<br /> i ^ herein cantained �hall bind, and the rights hereunder shall inure to, thc respectivc successors and assigns of I.ender `
<br /> � und Borrower, subject to the provisions of puragrnph 17 hereof. _1ll coven.nnts und agreeinents of Borrower ahstl
<br /> be joint and several. The captions and lieadings of the para�ra�ihs oC this \ fortgage are for convenim�ce only and
<br /> � ure not to be used to interpret or define the provisions I�eceof.
<br /> 14. Notice. Any notice to Borrower pro�-ided for in thix �lortguge shull bc gi�-en by mailing such notice by
<br /> , � certified mail addressed to Botrower at the Property :lddre�, .trued belo« , except for uny notice required under ;
<br /> ( paragraph 18 hereof to be gi�•en to Borrou•er in the munner prescribed l��• applicablc law. Any notice provided
<br /> � for in this �Iortgage shall be deemed to havc been given to Borrower «•hen gi�•en in tLc mnnner designated herein. `
<br /> 15. Unifora� 2vlortgage; Goveming Law; Severability. T'his form of mortgage combines uniform covenunts
<br /> far national use nnd non-uniform covenants �vitl� limiteci �•ariations by jurisdiction ta constitute a uniform seeu- ' `
<br /> � rity instrument covering real property. This \tortga�c styall bc governed hy ihe larv of the jurisdiction in which �
<br /> the Property is locnted. In the event that any provision or clause ol this \4ort�age or the Note conflicte �vith ;
<br /> � spplicable luw, such conflict shull not aRect otlier provisions oi this \iortgage or the Note �vhich con be given
<br /> effect without the conflicting provision, and to this end the provisions oi the �Iortgage nnd the Note are cleclared
<br /> � to be severable. �
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<br /> � 18. Borrower's Copy. Borrower shall be furnisl�ed n conformed copy of this �fortgage at the time of execu- �;
<br /> tion or after recordation liereof. c,
<br /> : 19. Tramsfez of the Property; AssumpGon. IC all or anv part of the Property or an interest therein is sold �
<br /> �" or transferred by Borrower without Lender's prior written consent, exduding (a) the creation of a lien or encum- r
<br /> brance subordinate to this �lortguge, (b ) the creation of a purchase money security interest for househoId appli-
<br /> � snces, (c) a trHnsfcr by devise, descent or bp operation of ]a�c upon. the death of a joint tenant or (d) the. grant of �
<br /> � any leasehold interest oF three years or less not containiug an option to purchnse, Lender rnay, at Lender's option, �
<br /> A declsre all the sums secured by thia Mortgage to bc immediately duc and payable. Lender shall have waived nuch `
<br /> i option to uccelerate if, prior to tl�e sale or transfer, Lender aud the person to whom the Property is to be sold or � , ,.
<br /> j transfeneci reach a�reement in writins thut the credit of such person is satisFactory to Lender und th�t the interest ` � ;:`
<br /> paysble on the sums secured by this Mortgage sl�all be at sucl� rate us I.ender shall request. If Lender has waived `
<br /> ,� the option to accelerate provided in this paragraph 17 and if Borro��•er's successor in interest has executed a writ- 5
<br /> ten assumption agreement accepted in writing by 7,ender, Lender shall release Borrower from all obligations under
<br /> - � thie Mortgage and the Note. ;
<br /> ` ! If Lender exerciaes sucli option to accelerate, Lender shall �uail Barrower notice of acceleration in accordance � >
<br /> � �� �vitl� psragraph 14 hereof. Such notice shall providc a period of not less thun 30 days from the date the notice ie
<br /> mailed within which Borrower may pay the sums dedared due. If Borro«-er fails to pay such sums prior to the �
<br /> � expiration of such period, Lender �nay, «�ithout furtLer noticc or deivand on B'orro�ver, invoke any remedies per-
<br /> ' � mitted by paragrsph 18 hereoF.
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<br /> .i � � . NON-UNIFORM, COVENAA'TS. BOPl'O�VCl' 171C1 LCIICIC'1' L�lll'tI1CT CO�"L'31871t and agree as follo�vs : � �..
<br /> � 18. Aceeleration; Remedies. Excelit xs procided in" � iuragr:i��h 17 liercof, upon Borrower's breac6 of anp
<br /> covenant- or agreement of Borro�ver in this �Iortfiagc, 9iicluciing' thc covenants to pny avhen duc any sums secured
<br /> by this :�Iortgage, Lender ��rior to acecleration sl�allan;�il notice to Borro�ver us � iro�•ided in �iaragraph 14 ]iereof
<br /> '� specifying : ( i ) the breach ; (2 ) the nction mquired to curc �uch breucl� ; 13 ) ra dutc, not Icss than thirty days
<br /> from the datc thc notice is mailed to I3orro«•cr, b�� �rl�ich .iu•Ii brcnch u�ust Le .curcd ; and (4 ) that failurc to cure
<br /> �' such breach on or betore tl�e date specified in the noticc m:iy result in accclerntion of the swns secured by this
<br /> ' :�lortgage and ssle oF the Property. If the breach is not cured on or before thc date specificd in the notice, Lender
<br /> ' at Lender's option may declnrc nll of t.he sums secured by this �Iortgage to he immediatcly due nnd payoUle
<br /> ' o without further demand and may foreclose this �7ortgage hy judicial proceeding. I.ender ehall be entitled to collect
<br /> � in such proceeding ull expenses of foreclosure, including, but not liinited to, cost� of documentary evidence,
<br /> � abstracts and title reports.
<br /> 19. Borrowers Right to Reiastate. Notwithstandin� 7,ender'ti iicceleration of the smne yecured by this
<br /> � Mortgage, Borrower ahall have the right to hst�e any proceedin�s hegun by I.endcr to en[orcc this J4ortgage dis-
<br /> , � continued atany time prior to entry of o judgment enfoYcing this \Iortgage if : (a ) Borro�rer pays I.ender a]I
<br /> ; sums which would be then due under this \Iortguge, the Note and notes securing Future Advances, if any, had no
<br /> accelerstion occurred ; (b) Borrower cures all breuches of an�� other coven:tnts or sgmements of Borrower con-
<br /> . j tained in thie Mortgage ; (c) Borrower pays all rea;onnhlc ce�iense� incurrc�l h�• T.ender in onforoing thc co��enants
<br /> ;F� andsgreements of Borrower contained in this Alortgu�c and in enforcin� 7.ender's remedies as provided in para-
<br /> graph 18-hereof, including, but not limited to, reasonable attorne�'s feec ; and ( d ) Borrower takes such action as `
<br /> � Lendex may reseonably require to asaure that the lien o( this Jlortgage. Lender a intcrcet in thc Property and _, �� '' �
<br /> +{ $orrower's obligstioa Eo pay the sums secured by thiF �lortgage :hail continue uniinpaired. Upon such payment "' t'=`
<br /> 1 and cure by Borrower; this Mortgage and the obligations secured herebJ• chall re�nain in [u❑ force und effect as if ' `'
<br /> no acceleration had occurred. � :r � "
<br /> 20• 1Saef9nna�at, oi R�nts; Appoiatment of Receiver; Lender in Possession. As additional security here- r° `
<br /> under, Borrower,hecaby sesigns to Lender the' Tents oi the Propei�t.y, pro�•ided tl�at Borrower shall, prior to ncce]er- ��� - ,:<
<br /> ,`, ation under paragraph 18 hereof ar abandonment of tlieBroperty, ha�•e the riglit to collect and retain such rents �'' �,
<br /> sa;they-become due and payable. ;�', '`r
<br /> 'ITpon ;aoceleration under paragraph 18 hernaf :or abandonment of tlie Yroperty. Lender, in person, by agent °-�� � ` =��
<br /> ,j or by judicislly appointed receiver, shsll be entitled to enter upon , take t�osseFsion of 3nd manaRe the Propert.y
<br /> . atld to Collect Lhe renta of„the Property, including those past due. al! rents collected by Lender or the receiver
<br /> " k ahal! be spplied first to'payment of the costs of management of the Property ancl collection of renta, including, but.
<br /> �-j notlimited to; receiver's fees, nremiums ommceiver's bonds und reasonable xttorney's fee�, and then to the sums �
<br /> : i aecured by this Mort�,*sge. T.ender and the re�eiver <hall he tiable to necount onl}� for thoce rents uctuallp rcceiced .
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