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<br /> noC extend 'or postpone the due dnte of the montl�ly instnllments referred Co in parugraphs 1 and 2 hereof or
<br /> change the amount of sucl� instsllY»ents_
<br /> ! 10. Boaower Not Released. Exterxsion ot tlie time for payment or rnodification of r�mortizatian of the sums ' ' �
<br /> ' secnred 5y this Vlortgage granted Uy Lender to any suecessor iir interest of Borrower shall not .o�erate to release, �
<br /> � in any inanner, tihe Iiability of tl�e original $orrowe. r und Borrower's successons in intesest. Lender shall not be :
<br /> required to commence proceedings ngainst such successor or refuse to exten3 time for payment or othenvise modify '� �;� ;.
<br /> amortizxtiori of t�re sums secured by this \iortgage iiy reason of any demanei made by the original Borrower and �� � " U
<br /> 8orrower's suecessors in interest. '
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<br /> 11:: Forbearance by Leader Not a Wmver. Any ;orbearance by Lender in exercising 3ny right or remedy
<br /> , � Mereunder, or otherwise afforded by applicable lu�v, shaIl not he n wai rer of or preclude the exerc9se af any right
<br /> � or remedy hereunder_ Tire procuremeuL of insurnnce or the payment of taxes or other liens or charges by T,ender ` ",, r�
<br /> � �j phall not be a waiver pf Lender's right to accelernte the maturity of tl�e inciebCedness secured by tihis Mortgage. ,t;:
<br /> „ � 12. Remodies Cnmulative. All remedies pmoi�ed in tliis �7ortgage am distinct and cumUlativQ to any other ��
<br /> '� G- right or remedy under thia �-Iartgage or affordtd hy la�� or e�uity, a,nd may he exercised cpncurrently, independ-
<br /> � �.: ently or succesaively.
<br /> j �.- 13. Suceeasors �d Rasigns Bouad,- Joiat �d Several Liability; Captions. The covenants and agreements
<br /> t i - herein contained shall bind, and thc rights hereunder sh�sll inure to, the respective successors and aseigns of Lender
<br /> � � and Borrower, subjecb to the proviaion� of naragrnph 1 i liereof. All coveriants an<t agreements of $osrower aha71
<br /> ; i be joint and ser•eral. �'he csptions and headings of tlie paragru��hs of this \Iurtgag� are for convenience ondy and ; r
<br /> are not to be used to inCerpret or define tlie provisions LereoP. ,,, �
<br /> � p�p 14. Notice: Any uotice to Borro�cer i�ro�•ided for in this \lortgage ahall be �iven by mail 't�i� such notiee by ;^
<br /> n certifisd iusil addressed io ,Borrower at t.lie Peoperty Address stated belnn• , exce��t for any notice required under ,.;
<br /> paragruph 18 hereof to be given to Bo.rro�xer iu tl�e mahner prescribed by �pplicable law. Any notice providecl } 4 ,
<br /> , � for in this Vlost a e shatl be dee�ned to l�avc been
<br /> S B given io Borrox�•ec �chen given in thc inanner designated hereiu.
<br /> 15. ZTniform Moztgage; Goveming Law; Severability. 'I'Ixis farm �f inottga�e cambines uniform covenants s`' +"
<br /> � Cor national use snd non.unifortn covenants witF� lirnited varintions by jurisdiction to constitute a uniform aecu- '
<br /> � rit instrument coverin real '
<br /> � y g properGy. This \4ortgage shnll be �overned by the law o[ the jurisdaction in which ;'. ' s
<br /> � Che Property is located. In the event that any provision or clause �f Ll�is 1lortgage or the Note c�nfliets with c:, � '
<br /> � applicsble Isw, such conflzct �h�Il not affect otlter ��rovisions c�f this \furtgage or tl�e Notc which ean be given i^.
<br /> , ? effecE without the conflicting provision, and to this en�3 the provisiona oi the �Iortgage nnd the Note are dec]ared ;�e �
<br /> ` t to be aeverable. ,.
<br /> � � 16. Barrower"s Copy. Borro�ver shall !>e furnished a conforn�ed capy �f this �lortgage at the time of eacecu- ' �- ' �
<br /> tion or after recordation hereof. . �:,
<br /> } 19. Tzansfes of the Propezty; Assnmption. If s1,1 or any Part of the Property or an inCereaL thenein ie sold . ` > P���A;
<br /> or transferaed by Borrower without Lender's prior written tionsent , exc4uding (a) the areation of a lien or encum- ' „� r
<br /> � brance subordinate to this Mortgsge; ( b) tl�e ereation oT a purchsc� money security interest for househo]d appli- `. ? �` +
<br /> .� ances, (c) a transfer by devise:, descent or �y oper�tion of Ia��- u�un the death of a joint tensnt ar (d) the. grant of >. ; i;
<br /> � any lessehold interest ot three years or less not containing an option to �urehase, Lender may, at Lender's option, N ' �, j x�
<br /> � declare all Che oums secuned by this Mortgsge to br, innuediately due and payable. Lender shal.l l�ave wsived aueh � �
<br /> option to accelerate if, prior to tlie sale or transfer, Lender n:i<i tl�e t�erson t.o whom the Property is to be sold or � ' r'��
<br /> „� transferred reacli agreement in tvritin� tliat the credit of .uch ��erson is satisfactory to Lender and lhat the interest : �° '�
<br /> payable on the sums secured bq this 1liortga�c shall be at sur.i� rate as Lender slrall tequest. If Lender has waived , '� ' �
<br /> the option to accelerate provi3ecl in �his paragrapl� 17 und if Borrower's snccessor in interest has executed s writ- ,;, " '
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<br /> ten assumption agreement accepted in �vriting by I,ender, Lender shall release Borrower from ull obligations under # i ;
<br /> � this Mortgage sud the Note. , �N
<br /> If Lender exercises suc6 option to accelerate, Lender shall �nail Borrower notice of ucceleration in accordance t1`
<br /> �vitli pamgraph 14 hereof. Such noticc shall provide a ��eriod of not less than 30 days from the date the notice is lr. �
<br /> mailed witl�in which Borrower may pay the sums declared due. If Borrower fsils to pay such sums prior to the
<br /> <� expiration of such period, Lender may. �vithout furtlier notice or deinand on Bbrro�ver, invoke any remedies per- ` `
<br /> mitted by paragraph i8 hereof.
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<br /> Nox-IlxiroRrf CovExwrrs. Bon•ower and Lender furtl�ei• covenant and agree a5 follo�vsc � �
<br /> 18. Aceeleralion; Remedies. �xcept uc pi•ovided in paragrn�il� 17 i�ereof, upon Borrower'.s hreach of any ?'
<br /> covenant or agreement of Borro��•er in this �Lort�ngc, inc2uding tl�c covenants to pay �•hen duc any sums secured '
<br /> by this 1lortgage, Lender prior to ncceleration sl�all mi�il noticc to Borro�ver ns ��rovidec! in paragrapli 14 liereof `
<br /> � specifying: ( 1 ) the breach ; (2 ) the nction requirnd to curc auch lireach ; ( 3 ) �i datc, not less tlian thirty days
<br /> from the dstc the noticc is mailed 40 13orro���cr, b�• �chich :url� brencli �uust bc cm•ed ; nnd ( 41 thnt fnilurc to cure
<br /> such bresch on or before tl�e date specified in the notice may result in acceleration of tl�c :wns secured by this
<br /> � . Mortgage and sale of the Property. If the breach is not cured on or beforc tl�e date specified in the notice, Lender
<br /> at Lender's option may declare n11 of the sums secured b5� this \lortgagc to be immediately due and payable
<br /> '� without further demand and may foreclose this \tortgngc by judicial proceeding. Lendcr shall be entitled to collect
<br /> ,� in such proceeding ull expenses of foreclosurc, including, but not limited to, costs af documentary evidence,
<br /> .� abstracts and title reports.
<br /> 19. Bonowor's Right to Reiastate. \'otw•ithstanding I,ender's acceleration ot the sumc secured by this
<br /> � Mortgage, Borrower shsll have tl�e right to have uny Proceedings begun by Lender to entorcc this Dfortgage dis-
<br /> � continued at any time prior to entry of a judgment enfit?cing this �Iortgage if : Isl Borrower pays . Lender all ,
<br /> suma which would be then due under this Jlorcgnge, tLe Note nnd notes secnring Futurc Advances, if any, hsd no
<br /> '� secelerstion occurred ; (b) Borrower cures all brcaches of nny other corenants or a�rnements of Borrower con-
<br /> ,� tained in this Mortgsge ; (c) Borrower pays all rettsonnble e�pensec incurred b� i,ender in enforcing the covenunts
<br /> � - and agreemeats of Borrower contained in this \Iort�agc and in enforcing I,encler:� remedies xs s�rovided in para-
<br /> � graph 18 hereof, including; but not limited to, reaeonablc attornep'� fees : and (d ) Borrower tnkes such action as � .
<br /> Lender may reseonablp require to sasure that the lien of this 1lortgagc, Lender's interest in the Property and
<br /> Borrower'e 'obligation to pay the sums secured hy thia �-fortguge �hall continue unimpuired. Upon such payment �` ' '
<br /> and cure by.Borrower, this 'Mortgage and the obligations secured l�ereby ehall rnmain in full force and effect us if � L''`
<br /> no'scceleration had occurred. }�;
<br /> ZD• �1sm4nnsw! ot Reata: Appoiatmeat of Receivar Leader in Possessioa. �s additionul security here- y �
<br /> vnder� Borrower hereby seeigns to I.ender the renta of the Properfs, prorided thut. Borrower shall , prior to acceler- � �d F
<br /> 7ntion undec'paregrsph I8 hereof or abandonment of the Property, hnve thc right to collect and retain such rents �e'"�- "
<br /> as they beoatne due sad payable_ ' x y,* ;�
<br /> '' Upoa `atoceleratioa a�ader para�apli 18 hereof or xbandonment of the Yroperty, Lender, in person, by agent ;�w} �';�,
<br /> or�by �ddioislly appointed receiverahall be eniitled to enter upon, take possession of and �nanage the Property
<br /> '. snd to .collect the rents of. the Property; including those past due. All rent_a collected hy Lender or the receiver
<br /> eha11 be appiied first;to psyment of the cosLs of management of the Property and collection of rents, including, but
<br /> not limited to, receiyer's fees, premiums on mceiver's boncls n�d reasonable attorney's fees. and then to the sums
<br /> � secured by this Mortigage. Lenaer and the receiver sliall be tinble to account onl}• for those rents actually rccei�•ed.
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