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<br /> not extend or l�ost,pone tihe due date oB tl�e �nomtlal�• irist,al .meut� refcrred tn in paragrnphs 1 and ' 2 he-reof or
<br /> change the xmounb of such �nsCatlments .
<br /> 10. Barrower Not ,Relecsed_ Ex6enaion of tlie tirrre for �:�avment or mpiiifi-cation of u�nortiznCion of Che sums
<br /> `• aecured 6y this �iortgage granted by I.endei• to sny �urcessor in inCer�:st of Boae•ocr�er sha#1 not, .oFaerate to release, � , ,
<br /> � in nny ;manner, the lisbility of tlie origirial Bor,rower anct Bqrro�vcr"s suceessors in inLecesi. Leniier shall not be
<br /> I required to commence proceedings against �uch successor or refuse to extend time for paymenti �r otherwise modify .F
<br /> E C� omortization af the aun�s secured liy this \iartgage !�y rensou of any demonci made hy the originul Borrower and � �::
<br /> � 'C� Borrower's succeasors in interest. .
<br /> � CJ lI. Forbeazmsee by Leader Not a Wqivec_ Any Forbearunce by Len�ler in exe,rciaing nny nght or semedy
<br /> ; � G1j` hereunder, or otherwise afforded by a��plicable la�e , shall mot he n ti�-aiver of or preclu�e tl�e exercise of any right
<br /> jO' or remedy hereunder. The }�rocurement oR insuranee or tlae papn5ent of taxes or other liens or charges by Lender
<br /> ,. ;f O ehall nvt be a waiver of Lender';, right to accelernte the rna-tiuritv oP tlie indebtedne�s secuned b,y this il4ortgage.
<br /> 12', Remedies Cumulative. All remedies provided in Ll� is \lortgage nrc distinct and cumulative ta any otber
<br /> � r rigfit or remedy under this \qortgage o�• afTorrlc�i l�y� lu�.• ar ec�wicy, �nii mn�� bc caercised conriirsently_ independ-
<br /> � ently or successively.
<br /> � � � ia. su«e�� �a �g� so�a; Joiat �rnd Sevesal Liability; C;aplions. The cnvenacite gnd sgreements
<br /> � herein eantained shall k�ind, and the rights l�erei�ndcr s(iatl incxre to, t}ae resperkivc ,ur.cessore and assigns of Lender
<br /> � und Borro�vcr, subiect to the prc�visi�ns of puragrnt�li 1 i heeeaf. All cavcuants and agrc-ements of Borrower shall
<br /> � be jointi and sevrerul. The captions and headings of tlic ��aragrapli� �f tlii= \ I�rtgage are (or convenicnce ctply and
<br /> are not Lo be used to interpret or define tiie provisi�ns hereoi.
<br /> ; 14. 1Votice. Any notice t� I3orrawer �u•ocidecl fui in tl�i= Jtortga�e 51i:i11 I�r �i�•en by rnniling such notiae by
<br /> ' 1, certified, inail xddresseti io Borro«•cr a�i t }�c Yro�>eri.y �cidres� stuked helem� , !�xce��t for :;ny nutire required under
<br /> ; paragraph 18 hereof to be qiv�tn tn Borro�x•er in the mannre �rrescrihed br �iipplicablc la«-. Any r�otice �i,r�wi3ecl �; ' �'-
<br /> ; for in this lSorGgssge shail t�c �leFineci to lia�•c beem �;i�•en tu Borcu�vei• ��^hcn �i��en in tlre Tnanner clesignated hcrein. : �
<br /> + 15. UaiYorm Mortgaga: Governiag I.aw; 5averability. 'Phis form of iirorGga6e corn�inas uniform cocenants
<br /> i fornstionsl use shd non-uniftsrrn cuvenanis �vit.li limite.rl �•ariatiuns by jurisdieiipn t� constitute a uniiorm secu-
<br /> ; rity inaBrumeilt covering resi Pra�erty. This �lortgage chnll 1:ic �overned by ihe la�v �.f 4hc jurisdiation in which
<br /> the Property is Iocated . In the event that any frrovisian or clause of this \torCgnge or the Note consfliuts wiEh ;
<br /> �- npplicable lsw, such r.onflicti sha11 not affect atlier ��r�vSsion� of this \Iortgage �r the NoGe �vhfich cuza be given }
<br /> effect wiEhout tlre eonHicting I�rovision, anel to this enii the pro�•isions �E che \iortgagi: 3nci the NoGe are declazed ;
<br /> + to be severable.
<br /> ? 16. Bonowe='s Copy-. $orrqwer shali I�e furnisl�ed a conEor�ired copy of this illortgage nt thc Lime of execu- F
<br /> .-0 tion or after recordation hereof. h�
<br /> , f 1Z Transfer of the Propezty; Assu:aption. Ii all or any part af the FrpperCy or sn interest therein is sold r 'a
<br /> = or tiransferred by Borrower without Len3er's prior writter� ronsent, excluding (rt ) the �reati�n of a lien oc enaum- �; , a
<br /> � brunce eubordina.te to this Vlortgsge, (b j the r,reation of a purchase xnoncy� seeuritp interest for Uousehold appii- � ' , {
<br /> � unces, (c) a trsnsfe.r by devise, d'e�cent or f;y nperation aY L•i�,• upun ttac death of a jaint tenant �r+r (d) the, grant bf `"
<br /> p any lea8eh41d inberest oi three years or I'ess not containin� un ��pt�on to purr.liuse, I.ender may, at Lender's option,
<br /> # declare sll Che sums recused by this Vlortgasc to l�c iix�mediat�ly duc nnd pa,yahle. Lender shull hove rvsived guch � = � :
<br /> option ta accelerate if, prior to tlxe sale or transfer, Len�iec atid tl�e tierson to whom the Froperty is to t�e sold or `:'-
<br /> P transfened re$ch ttgxeement in writin� tliat tl�e credit oF sncl� Iaer.on is sat.isfactory- ko Le-nder unci tihat the interest ' '� '
<br /> � payable on the sums secured by tkris �3ortgage shrill t�e at hucti ratc as Lender shall reqnest. SF Lender has waived j,, '
<br /> a the option to accelerate provi3ed in this paragrnph 1 i snd if Borrower's successor in interest has executed a writ- ° ` `
<br /> � ten sesumption agreement accepted in writing b,y 7.ender, Lender shall release Borrower from nll obligations under ± , �
<br /> this Mortgage and the Note. ' ';
<br /> If Lender exercises such option to accelerute . Lender shal l �nail Borrower notice of acceleration in secordance ¢ ��
<br /> r �vith paragraph 14 hereof. Such notice shall pro�-ide a period ot not less than 30 days from the date the notice is '
<br /> mailed within which Borrower may pny the sunas declnred due. lf Borrou•cr fails to psy such sums prior to the �9
<br /> ;� expiration of such period , Lender may, �vithout fvrther notice or ctetnsnd on Borrower, invoke any remedies per- ; t
<br /> �' mitted by paragrsph 18 hereof.
<br /> NON-UNIFONM COVENA.1'TS. BUCTON�er and Lender furtl�er coveuunt and agree as folla�c5 :
<br /> � 18. Aceeleration; Remedies. Except as pro�•ided in paragruT�h 17 hereof, upon Borrower's bresch of any �
<br /> � covenant or agreement of Borro�ccr in this �lort�ngc. including thc coven�nts to pay «�laen due any surns secured
<br /> � by this tlortgage, Lender ��rior to ucceleration s4 �zill �u;iil nutice to Borroz�•cr a� provided in paragra�>li 14 I�ereof
<br /> specifying: ( 1 ) the breach ; (2) the action requiird tu curc �uch hreacl� ; 13) a datc, not less tlixn thirt� days
<br /> � from the date the notice is �nailed to I3orro��•cr, b�• �chicli sucl � hrcarL n�ust bc cnred ; and ( 41 thnt foilurc to curc
<br /> ..� such breach on or before tl�e date specified in the notice mxy result in accelemtion of tLe swn� secured by this
<br /> ' i' Mortgage snd sale of the Property. If the brcacli is not cured on or befmr tlie date specified in the notice, Lender
<br /> ?� at Lender's option may declare all of the aums ����,•ea i,y tliie Mortgagc to be im�nedintcly due and payable
<br /> without further demand and may forec]ose tLiu VIortga�c by judicinl proceeding. I.ender shall be entitled to collect
<br /> , in such proceeding all expenses of foreclosure , inciu�ling, hut not limited to, costs of docunientary evidence, -
<br /> ,� abstracte and title reports.
<br /> 19. Borzowsis Rigbt to Reiaetate. 1YotH•ithstanding I.ender's sscceleration of the sums secured by this
<br /> ;� Mortgsge, Borrower shall have the right to have sny proceeding: begun by 7.ender to enforcc this riortgage dis-
<br /> � continued at any time prior to entry of a judgment enfqTcing this \Iortgugc if : ( al Borroµ•er pays Lender all
<br /> sums which would be then due under this �lortgagc, thc 1Vote nnd notes securing Future Advances, if any, had no
<br /> ' acceleration occurred ; (b) Borrower cures all brenches of any other co�-enants or ugreements of Borrower con-
<br /> '$ tained in thie Mortgage ; (c) Borrower pays ull reaconnblo ea�iensc� incurred by 7.ender in eniorcing the covenants
<br /> , � and agreements of Borrower contained in this �Iortgagc and in enforcin� T.ender's remedies as proyided in para-
<br /> graph 18;hereof, including, but not limited to, reasonable nttorne��'s iee,: and ! d1 I3orrox•er takes such nction as
<br /> ,4;� Lender may reasonably zequire to asaure that the lien of this �[ortqsgc . I.ender's interest in the Property and
<br /> �, Bortower's obligation to pay the sums secured I�v thic �qortgage shall continue unicnpaired. Upon such payment ,�,L�.... � ;:
<br /> � � and cure by Borrower, this Mortgsge and the obligatione eecumd hereb�• shntl remain in full force and efFect ns if
<br /> no acaeleration had occurred. �
<br /> �%� 20. Af�sigaasant of Hpats; Appointment of Raceiver; Lender in Possession. As sdditional security here- k :'
<br /> ?� under; Bozrower•hereby sssigns to Lende�the rents of thr Propert3•. provided that Borro�-er shali , prior to acceler- ��^;
<br /> „ a'tion under paragcaph 18 heteof. or abandonment of the Pin��erty, hsve the right to collect and retain such rents � �' ��'`
<br /> �; ae they become'dne snd psysble., x;; *�
<br /> ' " Upon acceleration vader parsgrapli 18 hereaf or abandonment of the Yroperty, Lender, in person, by agent ' : ,.r� , ",',�"
<br /> x„ a or by judicially >sppointed receiver shall be entitled to enter upon, take pos.Qession of and inunage thc Property
<br /> , ,., - And to ,00IIect tl�e renta of Ehe Pro��erty, . it�cludircg thoae .past �ue. All rent� wllecteci bv I,ender or the receiver
<br /> ;�.,� shall be �spplied fzzet to paymentof the costs of msnagemenEof the Property and collection of rents, including, but
<br /> u� not ]imited to,;reeeiver's:fees, premiums on receiver's l�ondc Qnd reasonnble attorney's feea, �nd then to the sums
<br /> - s secured by thie Mortgage_ Lender snd the receiver shall be liable to x�crnmt onlv for thoQe rnnt� xetnnlly receiv��i . �
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