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<br /> not extend or postpone the due date oi the monthly instalhuents refcrred to in paragraphs 1 And 2 hereof or -
<br /> ehsage the smount of such installments.
<br /> i 10: Borrawer Not Rale<tsed. F.xtension of the time for pa,yment or anodificstion of umortizntion of the sums
<br /> ' ; �ecured �y tlus Mortgage grunted Uy I.ender to �m• successor in interest. of Borrower shall not operate to release, ,,' . , :
<br /> � in any. m�nner, the liabitity of Elie original I3orrower and Rorrower's successors in interest. Lender shnll not be � rr �
<br /> � y YR.
<br /> � required to commence proceedings ugainst sucli successor or retitse to extend t,ime for payment or otNerwiae modify r a
<br /> aniortization of t.he sums secured by thin \iortgege by reason uf any demand �nade by� the original Borrower and E ; ` ` � �
<br /> � Bonower's succeas�ors in intereat. a'. ' � `Y"
<br /> 11. Forbaar�ee b�y Lender Not c Wmver. �,ny forbearance bg Lender in exercising any right or remedy i : z ' ' ,�
<br /> . � hereunder, or otherwise afforded hy appIicnble la�v, shall not be a wai•rer of or preclude the exercise of any right j ` ' �
<br /> or remedy hereunder. The procurement of insurance or the pnyroent of taxes or other lie.ns or charges by Lender
<br /> shall not be 'a wniver of Lender's rig6t to accelerate t.he mnturity ot the indebtedness secured by thia Mortgage. ` < Y � , .,
<br /> ' '� 12.: Reme3ies Cumulative. All remedies provided in tl�is \Zortgage are distinct and cumulative to any other i
<br /> } right or remedy under thir �Iortgage or afforded bp liin� m• cquity, snd may tx exercised concurrently, independ- sr
<br /> � ently or auccessively. t
<br /> � 13. Succeasors aad Assigas Bouad; Joiat and Several Liability; Captions. The covenants and agreements
<br /> � herein contained shai! bind, und the ri�hts S�ereunder �hnll inure to, the respectivc successors nnd usaigns of Lender ;
<br /> ; and Borrower, subject to the provisions of pareg�.�ph 77 l�ereof. AII covenants and agrecments of Borrower sha11 r�`
<br /> � J be jointand se�•eral. The ceptions and headings of tl�c paragra�ihs of t6is \fortgagc are for com•enience only and � , � ,:
<br /> � are not to be used to interpret or define tLc �rovicions hereof. ; " � '„
<br /> j 14. Notiee. Any noticc to Borrower provided for in thi� �lortgsge sl�all bc gi�•en by mailing cuch notice by r �;
<br /> � certified mail addressed to Borrower at the Property Addres� stated bclo«•, except for any notice required under ;; , '
<br /> parttgraph 18 hereof to be given to BorroN•er in the �nnnner l�rescribed by iip��licaf�le law. Any notice provided �' ,x',`
<br /> for in this �4ortgage shall be deemed to ha�•c been given to Borro��•er when given in thc manner de5ignated herein. �
<br /> 15. Uaifozm Mortgage; Govemiag Law; Severability. This fonn of mwtgage combines uniform covenants '��- y r:
<br /> � for national use and non-uniform covenants �vith limited �•ariations by jurisdiction to constitute s uniform secu- �
<br /> 1 rity instrument covering real property. This \Iortgage shall bc governed by the la�v of the jurisdiction in which ��', ' ,:� Y'„�
<br /> � the Property is located. In the event that any provision or clause of this Mortgnge or the Note conflicts with " 'f
<br /> j applicable law , such con8ict. shall iaot affect otl�er provisions of this \iortgage or the Note which can be given ��- �
<br /> � " effect without the conflicting provision, and to this end thc provisions of the �Iortgage and the Note are declared 9i
<br /> � ; to be severable. � , �'
<br /> � 16. Bozrower's Copy. Borrower shall be turnished a conformed co�y of this D4ortgage ut the time of execu- : . .!
<br /> , i tion or aSter recordation hereof. � r�;
<br /> � 17. Traasfer of the Propertq: Assumption. If nll or any part of the Property or an interest therein is sold '
<br /> or transferred hy Borrower without Lender's prior written consent, excluding (a ) t.he creation of a lien or eacum- � ` ;a °
<br /> brance subordinate to this bIortgage, ( b) the crention of u purchxse money security interest , for household appli- - % '" '�'r
<br /> ances, (c) u trsnsfer by devise, descent or by operaGion of la�c upon the death of a joint tenant or (d) the_ grant of �': :� � `� #y
<br /> f aay leasehold intarest of three yenrs or less not containi7�a ssn option to purchase, Lender may, at Lender's option, �'� ' ' '"
<br /> , � declase sll the sumssecured by this \4ortgage co be iinmediutely due and payable. I.ender shall have waived such ° = r .
<br /> option to accelerate if, prior to tl�e ssle or transfer, Lender and tl�c ��ereon to �chom the Property is to b+e sold os � ; ,, ; �
<br /> transferred reacli agreement in �vriting that the credit of such person is satisfactory to Lender and that the interest "' '
<br /> rs r sm"r'�,;
<br /> paya,ble on the sums secured by this �Iortgage sl�al] Ue at sucl� ratc as I.ender shall request. If Lender has waivecl �,; � � ,
<br /> the option to accelerate pmvided in this parugraph 17 and if Borro�ver's successor in interest lias executed a writ- �` " ` �e, ;.
<br /> ten aesumption agreement accepted in writing by I.ender, Lender shall release Borrower from all obligations under � '
<br /> � this Mortgage and the Note. ' C + .:
<br /> If Lender exercises such option to accelersste, Lender shall mrsil Borrower notice of acceleration in accordance � �,
<br /> �vith paragraph 14 hereof_ Sucli notice shall providc a period of not less than 30 days from the date the notice is � �+
<br /> mailed within which Borrower may pay the sumc declared due. If Borrower fails to pay such sums prior to the '�''
<br /> expiration of such period, Lender may, «•ithout further notice or demand on B'orrower, invoke any remedies per �
<br /> mitted by paragraph 18 hereof. ?` •
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<br /> Nox-UxisoRrz CovExexxs. Borro�ver and Lendei• turther covenant and agree as follows : �
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<br /> � 16. Aeeelerationi Remedies. Except a� pro�•ided in puragny �h 17 hcreof, upon Borrower's breach of any E
<br /> covenant or agreement of Borrow•er in tliis �Sortgage, including thc covenants to �iuy w•hen due any sums secured �
<br /> by this \lortgage, Lender prior to acceleration shall mail notice to Borro��•cr as provided iii parsgrnpl� 14 hereof �
<br /> specitying: ( 1 ) the breach ; (2) the nction required to cure sucl � brcach ; 13 ) n datc, not Icss tlinn thirty days
<br /> from the date thc notice is uiailed to I3orro�vcr, b}• ��•hicli sucl� bre:icli must bc' ctu•ed ; and ( 41 t6ut failurc to cure ;
<br /> such breach on or before tl�e date specified in the notice muy resuLL in acceleration of tlie smns secured by this ;
<br /> blortgage and sale of the Property. If the breach is not cureci on or befa•c the datc specified in the notice, Lender i �
<br /> at Lender's option �nay declare all ot thc su�ns secured by thi, �fortgagc to Ue im�nedi�tely due snd payable
<br /> " :'� without furtherdemand and may foreclose tl�is J'Iortgage b�� judiciul proceeding. Lender shall be entitled to collect
<br /> � in auch proceeding all expenses of foreclosure, inclu<ling, fiut not limited to , costs of docwnentary evidence,
<br /> A. � abstracta and title rnports-
<br /> 19. Bonower s Right to Reinatate. Notwithstanding I,ender's ucceleration of the sums secured by this
<br /> f Mortgage, Borrower shsll have the right to have any proceedings hegun by 7.ender to enforce this vtortgage dis-
<br /> � continued at' any time prior to entry of n judgment enfoXcing this �lortgnge if : (a1 Borro�cer pays Lender all ;
<br /> sums which would be then due under this \Iortgage, tl�c Note and notes securing P'uturc Advancee, if any, had no =}
<br /> acceleration occurred; (b) Borrower cures all brenches of nm• other cocenantc or agreements of Borrower con- `
<br /> ^� '� tained in this Mortgage ; (c) Borrower pays all reasonablc espenses incurred by I,ender in cnforcing the covenants ; "
<br /> snd agreements of Borrower contained in this ��Iort�n�c und in enforcin� 7,ender's remedies ns ��rovided in para- (
<br /> graph IS hereof, including, but not limited to, reusonable uttm•ney'e fee= ; snd fd ) Borrower tukes such action as
<br /> 7.endermsy reasonably require to assure that the lien of this \Iortgugc, Lender� interest in the Property and ; s= �r'
<br /> ".3,,: ;Borrower's obligatioa to pay the sums secured by this VIortgngc sl�all cootinuc unimpaired. Upon auch payment ' . . . - `
<br /> snd cure;by ,Borrower, thia Mortgsge and the obligations :ecured hereby shall remnin in full force and efiect as if `
<br /> ` � . � . . . r, �..� � r. ,._,_:,- . . � c,
<br /> 1�, ao acceleration had occurred. � - - :
<br /> � T;� 20. `1Ceaignm�at oiHenta; Appointmeat oi Raeeivsr; Lendar in Possession. As additiono! security here- 5 °'
<br /> under, Borrowrer;hereby saeigns to I:ender the 'rents of tlie Propem. pro�•ided that Borro�rer shall, prior to acceler E � ` ;'�m
<br /> � stioa pnder psragraph 1$-hereof or sbandonment of the Property, havc the right to collect ond retain such rents ";"
<br /> i � . ,as tl�ey`.become.due and psyable, : �:�
<br /> : ,., Upon aceeleration unde; paragrapl� 18 hereoi. or absndonment of the Yroperty, Lender, in person, by agent '
<br /> , _ ���. � _ °�
<br /> A, � or byiljud3cislty nppomted receiver ,shall 6e entitled to enter upon, take possersion of nnd menage the Property '"'
<br /> F� , .
<br /> �. �d ,:and-to:collect -the rentb of the �Psoperty, including those- past due. All rents coIlected bv Lender or the receiver � -�x .� .s�- ' '
<br /> � ,` � shall be epplied;firat to payment of the costao[ �uunagemenG ot tlie ProperLy and collection of rent., ineluding, l,ut
<br /> �, ;1 not limited to� receiver's fees, premiums on rcceiver's boncl� and reasonable uttorney's fees. and then to thc swns
<br /> , . ��� secured by thia Vlartgage. Lender and the receiver shall fie liable to account only for those rents actunlly received .
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