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<br /> not exEend or postpone the due date ot the inonthly instalBnents referred to in paragraphs 1 and 2 hereof or
<br /> cl�ange the amount of such instaltments.
<br /> i 10_ Borrower Not Released. Extension of the time for payment or �nodification oE sttnortization of the sums ;
<br /> j secured by this.�l�Iortgage �rantcd by Lencier to ony successor in interest oi Borrower shall not .operate to release,
<br /> ;j in uny maaner, the' liability of t1�e original Borrower nnd Borro�ver's successor, in interest. Lender ahall not be F , ;
<br /> � required to commence proceedings sgainst sucli successor ur refuse ta extend time for payment or othernise modify
<br /> '' amortizaCic,n ot tlie sums secured by tiiis \Iortgnge by eeaso�. of any demund rnade by the original Borrower and
<br /> Borrower's succeasors in interest. �'
<br /> � Il. Fod�e�aace by Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy '
<br /> � hezeunder, or otherwise afforded by applicuble lnn�, shalI not be u ac�iver of or preclude the exercise of any right
<br /> ; ' or remedy hereunder. The procurement of insurance or the p�syment af tnxes or other liens or charges by Lender ��� -
<br /> � shall not be a waiver ot Lender's right to accelerate the �naturit.y of the indebtedness seeured by this Mortgage.
<br /> `� I2. Bemedies Cumulative. AIl remedies provided in this �Iortgnge are distinct and cumulntive to any other ;
<br /> "'' righC or remedy under this �Iortgase m• afforded b�� la��• or equity, and msy be exercised concurrently, independ- <
<br /> entIy or successively. :
<br /> �, 13. Sueeesaors �d Assigns Bouad: loint �d Several Liability; Captions. The co�•enants and agreements '
<br /> herein contained shall bind, and tlie rights liereunder �tiall inure to, tl�c respective successors and sssigns of I.ender `
<br /> and Borrower, subject to the provision� of E�arsgrapli 17 hereoC. _� ll covenants anct agreeinents of Borrower shall �
<br /> be joint and several. Thc captions and hcadings of the �iarngra�ih� of this \ [ort�age are for convenience only and
<br /> j are not to be used to inier�ret or define the �rovisions liereof.
<br /> � 14. Notice. Any notice to Borrower pro��ided for in thi� �lortgugc shall bc given by mailing such notice by
<br /> `� certifiecl mail addressed to Borro�eer .et thc Froperty �ddress stxted bclo«• , except for xny notice required under ?
<br /> j parsgrnph 18 hereof to be gi�•en to Borro«•er in thc mnnner prescribed by aipplicable law. Am• notice provided
<br /> � for in this ��Iortgage shall he deerued to l�avc becn given to $orro��•er �chen given in the manner designated herein.
<br /> ;� 15. Ui'uform Mortgage; Goveraiag Law; Severability. Tl�is forui oC mortgage combines uniform covenants
<br /> for nationsl use snd non-uniForm covenants �vitL limited �•ari�tions by jurisdiction to constitute a uniform secu-
<br /> .� rity instrument covering real property. This \Iortgage shall be governed by the la�v of the jurisdiction i» which i
<br /> the Propertp is located. In the event thttt nny provision or cluuse of this Jlortgnge or the A�ote confliets with
<br /> npplieable law, such conflict shall not affcct other provisions of this \4ortgage or the Note which cun he given � ;
<br /> ;{ ' effect without the conflicting provision, and to this end thc provisions of the _llortgage and the Note are declared ± ^ �
<br /> # ta be severable. ;
<br /> � 16. Borzbwei s Copy. Bono�ver shall be furnishec! a conformed copy of this Jlortgage ut the time of eacecu- i
<br /> tiora or after recordation hereof.
<br /> 1T. Tr�asier of the Property: Assumption. If aIl or any part of the Property or an interest therein is sold �" 'a,
<br /> � or transferred by Borrower �vithout Lender's prior �vritten consent , excluding (a ) the creation of a lien or encum- ';
<br /> brance subordinateto this Mortgage, (. b ) the crention of a purchasc moncy security interest for household appli- i � ,
<br /> ances, (c) o transfer by devise, descent or by operation of la��• upon the deuth of a joint tenant or (d) the grnnt of -
<br /> � any leasehold interest of t}�ree years or less not containing un option to purchase, Lender may, at Lender'a option, ;
<br /> declsre sll the sums secured by this Mortgage to be immediately due .md payable. Lender shall have waived such
<br /> � option to acce]erate if, prior to tlie sale or transfer, Lende!• aud tl�e jacrson to wh�m the Yroperty is to be sold or ' �
<br /> transferred reach agreement in �vriting that the credit of such �ierson is satisfactory tu Lender and that the interest ` i :
<br /> payable on the sums secured by this �lortgage shall be at sucl� ratc as Lender shall request. If Lender has waived i
<br /> j the option to accelerate provi3ed in this paragraph 17 and if Borrower's �uccessor in interest has executed a writ- �`
<br /> ` ten assumption agreement uccepted in �vriting by Lender, Lender shall release Borrower from all obligations under �
<br /> :j this Mortgage and the Note. � ¢
<br /> � If Lender exercises sucl� option to accelerste, Lender shull enail Borrower notice oF acceleration in accordance
<br /> :4 with paragraph 14 hereof. Such notice shall provide a iieriod of not less than 30 days from the date the notice ia
<br /> � mailed within which Borrower may pat• the sums deciared due. If E3orrower Sails to pay such sums prior to the ;
<br /> ; expiration of such period, Lender inay, �vitl�out. turther notice or demand on B'orro�ver, invoke any remedies per- '
<br /> $ mitted by paragraph 18 hereof.
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<br /> � \'ON-UNIFOIiM COVENA\TS. BOl'PO\�'@I' FIIllI LCTICICI' fll1tI1C1' L'O�'e11A71t and agree as follo�vs :
<br /> ) _ : 18 Aeeeleratioa; Remedies. Except as pro�•idect in paragrryili 17 liereof, upon Borrower's breach of any
<br /> ) covenant or agreement of Borrower in tl�is �fort�nge, inc}uding tiic covenants to . puy �chen due any sums secured
<br /> � by this Dlortgage, Lender prior to acceleratio�� sh� ll mxil noticc to Borro�ver us �iro�•ided in paragrapli 14 hereof
<br /> specifymg : ( 1 ) the breach ; (2) the nction required t�o cwr .uch i>rcacl� ; 13 ) a dutc, not less tl�an thirt,y days
<br /> `? from the date the notiee is mailed to Borro�cer, Ly �chicli :ucl� bre:ult must Le cui•ed ; nnd ( 4 ) thsst fsilure to cure
<br /> � ' such breach on or before the date specified in tlie noticc muy result in acccleration ot tl�c smns secured by this
<br /> Mortgage and sale of the Property. If the breacl� is not cured on or beforathe date specified in tl�e notice, Lender
<br /> `� at Lender's option inay declam all oP the suins secured by this �lortgagc to be im�nediAtely due and payab]e :
<br /> without further demand nnd may foreclose tliis Vlortgage by judicial �iroceeding. Lender shall be entitled to collect
<br /> `� in such proceeding all expenses of foreclosurc, including, but not limited to, costs of documentary evidence,
<br /> � abstracts and title reports.
<br /> 19. Barrower's Right to Reinstate. A'otw•ithstanding Lender's acceleration of the ewn� seeumd by thia
<br /> :� Mortgage, Borrower shali have the right to hsve any proceedings begun by Lender to cnforce this Mortgage dis-
<br /> � , continued at any time prior to entry of a judgment enfoTcing this 3lortgage if : ( ul Borro�ver pays Lender all
<br /> � sums which would be then due under this �Iortgage, thc Iv'ote i�nd notes securing Future Ad�•ances, if any, had no
<br /> a acceleration occurred ; (b) Borrower curea all hreache� of any other co�•enant� or agrcements of Borrower con-
<br /> 7 tained in this Mortgage ; (c) Borrower pays a❑ ren�onablc expcncc� incurred hq 7,ender in enforcinF the covenants
<br /> and. agreements of Borrower contained in this \lortgu�:c � nd in enforcing T.encier's reuiedies ns provided in para-
<br /> � grsphl8 hereof, including, but not ]imited to, reasonablc attorneg '� ice� ; nnd Id ) Borrower takes such action as
<br /> I.ender may seasonably require to asaure that the lien of this �Iortgage, Lender's interest in the Property and
<br /> Borrowet's obligation,to pay the sums secumd by this �4ortgage shall continuc unimpaired. Upon such payment .cr'+ '
<br /> and.eureby Borrower, Ehis Mortgage and the obligations secured hereb}• shall remain in fuU fm•ce and effect as if " � � ;
<br /> no acaeleration had occurreci: �. , '
<br /> 20. nsagnment o! Rsats; Appointrnent of Receivert Lender ia Possession. �s additional security here- � Y �
<br /> under, Borrowerhereby aseigns to Lender tUe renta of thr Propert�. pro��ided thut Borro���er shall, prior to acce]er- � '
<br /> atipn under paragraph 18 hereof or abando'hment of t1�eProperty, havc thc right to col]ect and mtain such rents
<br /> aa• they become due snd payable. � � �
<br /> Upon ;acceleration under para�raph 1S hereof or ahandonment of the Yroperty, Lender, in person, bv agent � '?,�,
<br /> � ar by �uclicislly appointed .receiver ahall be , entitled to cater upon, tske poace�sion of and �nanaRe the Propertv �; +^ + » : ' --- '
<br /> � snd to colleC� the rents of the Property, including thosc �>ast due. All rent. collected Ly Lender or tl�e receiver
<br /> ,y dhsll be s'pplied first to payment of tfie oosta o'f managemenf of the Property snd collection of rents, including, but.
<br /> ;6 not limited to, receiver's fees, premiums on receiver's trondfi und reasonnble attorney '� fees . and then to the sums
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<br /> eeouzed by:this Mortga.��. Lsnde: na3 tht seceiverFhnit be linble ti, ncci,uni oniy for ti�o�e renia ac 'tually re��ivefi . �
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