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<br /> not extend or j�ostPone t.he due date ot' the ttrantAly instzilliiienLs refrrred to in }rxrugraphs 1 and 2 hereof or
<br /> ' change the umounbo£ sucl� insGsllments.
<br /> ': lU. Bortowez Not Reieaseda Extensiati of the time for �>synaent or modification o.f amo'cLization of the sume , ,; '';
<br /> ' secured' by this \Zortgage granted l�y Lender to anv st�ci�eesor in inGerest oi Borrower shall not operate to release,
<br /> ` , j in any manner, tl�e liability of tlxe original I3orrower and 73orsowet's auc�essorc in interest. Lender ehall npt be ,,,,;
<br /> ' required to commen.ce, proceeding� sgainsC suc;li auccesaor or refusc to exteu6i time for payment .or other�sise modify ' � a `
<br /> � ninortization ot the sums secured �y this \Yortgs�� by reasou of any denrand macie by the originsl Borrower and " ,,
<br /> Bonower'e auacessors in interest. . „
<br /> � �` 11. Forbecr�sca by Leader Not a Waivar. Any fqrbear�nce Uy 7;ender in exercising nny right or remedy �'
<br /> hereunder, or otherwise afforded by npplicttble la�v , shall not be s► waiver of or pre.cl�x�e the exerc-ise of any righL ''
<br /> € �-i or remedy hereunder. The procurement of insurance or the �iayrnent of tnxes or otl�er liens oT chargee by Lender `
<br /> , �' C\j shall nat be a waiver oF Lender's rigfit to accelerate the maturity of tlre indebtednes.a secured by this 1�4ortgage.
<br /> ; ;� C? 12. Remedies Cumulalive. AIt reinedies provicled in this vlortga�e nre distimet and r.umulutive to any o�'her
<br /> j C1l righ. t os remedy under tl�is ��Iottgage. or sstforded 1>� Ini�• or e�uity, anci may t>e exerciced enncurrenbly, indepehd- ,
<br /> � O ently or sueceasively.
<br /> f � 13, Suecessors �d Assigas Bouad: Ioint �d Several Liability; Capiioz+s. Tlie cpvenants and agreements
<br /> ' ; herein contuined shalI bind, and the rights hereunder shall inun� to, t}ic reApective sur,cessors and assigns of Lender
<br /> OO nnd Borrower, subject to the provisions ot para�r,i �rh 17 hereot. All coverrants und a�recrnenGs oC Borrower shall
<br /> � �' be jaint and se��eral. The captions anel headings af tlie p�iiragrn��hs of thi� \[ortRagc arc tor convenienae only snd .� 4
<br /> 5 are not to be used to interpret or definc tl�e �rovi�ion; liereof. ,
<br /> Y4. Notice. Any notice to Borro�ver rro�•ixicd far i�� tlai� �tortgagi• �hall }m gi�•en by nruilin� such notice by „ .�
<br /> � certified �nai! addres5e�1 to Borro�ver at tlie Pra�?ertv Acid[•ess st :�tecl belo�r, exeept for :iny notiec rcqttired under ':
<br /> paragraph 18 hereof to be given io f3�rro�x-er in ilic manncr pre�c�^iheci �y a.ppiic.lhie lii�v. Any notice prov�.ded
<br /> ; for in this �lorLgage shall ba deeined to lia�-c been given to Borro�vcr �� Yien gi �-eu in tinr. inanner• designated herein. , :r
<br /> ! 15. Uniform Mortgege; Govezaing Law: Severability, 'I'liis form of �itortgage eombines uniform covrnantis 4�
<br /> 1 for national use and non-uniform co.ven. ants witli lirniteci rariations by jurisdiction to constitute � uniform seeu- f . . ..i
<br /> a rity instrument covering real property. This \Ior•tga�e sh:�,ll be goveraed by Cl�e 1a�v of the jurisdiction in which j ". '`
<br /> the Property iF lacated. In the event thai any I�rovisiom or clausc of this \� ortgage or the �Tote canfiicts with � �" s;
<br /> ,� applicab]e lsw, such eonflict shall not nffact other ��ra��isions of this \ tortgu�e or the Nute which cah be given ,;.
<br /> : effect without the conHicbing }�rovision, an�i to tlrie end ihe pro��isions af the �Sortgage and the Note are declared s ' `'
<br /> �} � � � �ta be� aeverab'le. ; �� '
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<br /> �. � 16. Borrower's Copy. 13orrb�Ver shall hc furnig�l�e� a confo.m�ed copy �f tihis �SorOgage st the time of execu- - ... �-
<br /> 4 tioa or after secordation 1�ereof. � z �-
<br /> ' j' 17. Traasfer of the Propesly: Pissumption. If all or any rart oS tihe ProFertp or an inCerest therein is sdld � i '
<br /> or tran�ferre;i by Borrower �vithout Lend�r's Prior writ,ten consent , excluding (a) thc creation o[ s lien or encum- r. : � , r ` ; �
<br /> ��' brance su�ord9nate to tliis iviortga,gey (b ) bhe creitt�ion of a pu�rchasc moc�ey seeurity interesti for household appli- � � � �� „ 'r "'�
<br /> ' � anceti, (c) a trat�sfer by devise, descent or by upera6ion of 1���• unun the deatfa of a joint tensnt or (d) tihe grant of '• ,`,,�,,
<br /> - 4 any lessehold inteaeat of three years or less nat ctontaining rsai oj>tion 10 Purchase, Lenc3er ma}•, at Lender's optiort, 'F �"
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<br /> declare all t.he suras aec:ured by this 1Sortgage to �e itn�nedistcly due anci payable. Lender ahall lie3ve waived auch s �
<br /> � option to accelerate if, Prior ti� the sale or trnnsfer, Lender und tl3e person t� whona the Property i� to be sold or ' � ` x ` �"
<br /> � transferreJ reacl� agceement in �vriti-ng thxti ihe credit of sucli person is satisfaetor3• to Lender and thxtt the interest � 1 ' r ��
<br /> ,j payable on Lhe �ums secured by this �tor4g�ge shali bc at sueL rst-e as Lender shall request. If Lender has waived � ' ' `'�'
<br /> ' ,;� the opCion to accelerate pravi3ed in this parsgrapli 17 und if Borrower's sur.cessor in interest has executed s writ- , ` � ;:
<br /> . ty ten sasumption agreement accepted in writing by I.ender, Lender shall release Borrower from all obligations under "-
<br /> � this Mortgage and the Note.
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<br /> 1 If Lender exercises such option to accelernte, Lender shall ±nail Borrower notice of acceleration in accordance � . , ;`;;
<br /> �� with paragraph 14 hereof. Such notice shall provide a l�erioci ot no6 less than 30 days from the date the notice is + '� v
<br /> msiled within which Borrower �nay pay tlie sums declared due. If Borro�eer fails to 2�ay such sums prior to the f
<br /> expiration of such period, Lender may, �vithout further notice or demand on B�orrower, invoke any remedies per- f.
<br /> � mitted by paragraph 18 hereof. Z
<br /> � ��ON-UNIFORM CovExwrTs. Borro�ver and Lender furtlicr covenant and agree as follows : '
<br /> � 18. Aeceleration; Remedies. Except ns pro�-ided in pn�mgra��h 17 hcreof, upon Borrower's hreach of any �
<br /> � covenant or agreement of Borro«•er in tliis �Iort�ngc, including tlu covenants to pay n�hen due any sums secumd
<br /> � by this 1lortgage, Lender prior to acceleration �hull muii noticc to Borro���cr as ��rovided in para�ruph i4 hemof ,�
<br /> specitying : ( 1 ) the breach ; ( 2) the action requirecl to cmr �ucl� breucii ; (3 ) n datc, not less than thirty days r
<br /> , } from the date thc notice is mailed to I3orro«•er, by ��•hich ;ucli brelch must be cm•ed ; snd (4 ) thut failurc to cure ' -�
<br /> { such breach on or before the dnte specified in the noticc may result in acccleration ot Uie sums secured Uy this
<br /> �+Iortgage and sale of the Property. If the brcach is not cured or. or beforc tl�e date specified in the notice, Lender
<br /> � at Lender's option may declarc al( of the sums secured by this \fortgage to be immediately due nnd payable
<br /> ..1 without further demand un¢ may foreclose tl�is �4ortgnge by judicial proceeding. Lender shalt be entiUed to collect
<br /> in such proceeding all expenses of foreclosurc, including, but not liuiited to, costs of docutnentary evidence,
<br /> abstracts and title reports.
<br /> 19. Borrowor'a Hight to Reiastate. Notwithstanding I.ender'� ucceleration of the sume secured by this ± '
<br /> Mortgage, Borrower shali have the right to ha��e any proceedings begun by T.ender to enforce this �fortgage dis- �
<br /> continued at any time prior to entry of a judgment enfoYcing this �Iortgnge iL• � nl Borrower paya Lender all ``
<br /> suma wluch would be then due under this Dtortgage, t6c \'ote nnd notes securin� F uturn Ad�ances, if any, had no � '
<br /> acceleration occurred ; (b) Borrower curea all breaches of uny otl�er covenants or agreementa of Borrower con-
<br /> � tained in this Mortgage ; (c) Borrower pays all rea=onnblc evpenses incurrecl by I.ender in enforcing the covenants �
<br /> r � and agreements of Borrower contained in this Vlortga�e and in enforcin� Lender g remedies ns ��rovided in para- (
<br /> , , � gtaph 18 he;eof, including, but not limited to, reasonnble attorne�'s fee; ; iira9 Idl Borrower takes such action as �
<br /> Leader may reasonsbly require to assure that the lien of this �lortgage, Lender's inierest in the Property and fi
<br /> , ,;+� Borrower's obligation to pay the sums secured by thie 3fortga�e ehall continue unimpaired_ Upon such payment =, � , r ;;
<br /> �„ sad cure by Borrower, this Mortgage and the obiigations secured hereby �hall remain in full force. and effect as if �;,,,, , ;
<br /> �� no acceleration had occurred. ,;:
<br /> � 20. A'sieJameat of. Rsats; Pippointmeat of Rsceiver; Leader in Posaeasioa As additionnl security here- ��; �`
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<br /> � under; Borrower Hereby aseigns to I,ender the ren4s of the Property, provided that Borrower shall , prior to acceler- _ ' �,�'
<br /> � ation under paragrsph 18 hereof or aban�onment of the Property, have thc right to collect snd retain such renta �5,< ;
<br /> as they,become due and payable. �s �
<br /> � : IIpon sccele;stion under paragrapl� 18 hereof or abandonment of the Yroperty, Lender, in person, by agent �;, �r
<br /> ���; or by -judioially, appointed 'receiyer,;shall be , entitlecl to enter upon, take posse�sion of and m� , .age thc Pmperty ,: �„y
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<br /> ,� , snd to,collecti the. s�ents of.the Property, including>:those past due. AU rents collected by Lender or the receiver '
<br /> " ' ahall be spplied filat to payment ;of the costs. of wanagement of tl�e ProperLy and collection of rents, including, Lut
<br /> } ;� ; not limited to, receiyer's fees, premiums on receiver's Uonds and reasonable attorney's feeF. and then to the sums
<br /> ; ,S secured by thiq Mortgage. I,ender and the receiver ahall bc liahle to account only for those rents actually received.
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