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<br /> i nbt .exCend oc postppne tl�e duc c1at� ad thc monClily i�i�t:illtuents reCerred to im �a,ragraphs 1 �.nd 2 herr..of or
<br /> pl�ange the .amount of such installme.its.
<br /> lU: Bonower Not Ralecsed. Extension af the titne f�t• Pa,ynicnt os morJirication of atnartizntii�n qP the eums
<br /> ;' xecured by this :�Iortgage Fsa.nteJ b�� 3.ender to any sc�ccessar in inte,i-est o£ Borrower shali not o�erate to release; , ?
<br /> in uny manner, the liabilit;• ot itie originsl Borroavcr and I3orro�vet 's suceesaors �n interesi. T,endet• shall, nat be ',':.
<br /> , i required to commenoe proeeedings against; sur,ti successor or ;ceiusu to extrnd time for, puymepC or otherwise modify r
<br /> amostization of the sums secured by tl�is � (qrtgage I�g• reasoxi of anv decnunci riya3e hy the ariginn➢ Borrower and �
<br /> i ' Borrower's anccessors in intereat, �
<br /> 's ' � _ :11. Forbeatanee by Leader Not a 1Naiver. Any fprbearnnce by Lender in exerciaing any right or remedy '
<br /> ;
<br /> f l,f� hereunder, or otherwise affcirded by applicable la�v, shsx.11 nat F�e u waiwer of or precinde the exeraise of any right �
<br /> Q or reinedy hereunder. The procurement of ivaurance or klie {-�ayment af taxe.s or nthpr liens or charges by Lender
<br /> �j sha11 not be e, waiver of Lender's ri�ht to secelerate ttre maturity of t1ie indebtedness secur+ed hy this 1�ortgaga..
<br /> ' � p 22. RemiadiesCutpulative. Alt renieciies provi�lec} in tl�i� �Sortgagc are J'istinet �nd cumulstive tp uny obher � ,,
<br /> � ' �" � right ar remeti wnder this \E-ort s e or nff�rcleil bv la��• �rr � uity anal �n�v Lc caercised cuncttrrentl inde end-
<br /> ; Y 6 g . �1 , _ Y. ' p �"
<br /> j • � ently or successively.
<br /> ; ! 13: Suecesaors �d Assigns Bouad; 7oint �d Several Liabitity; Captions. T1ie covenlnts a»d agscementis
<br /> i � herein cnntained shali bind, and tl�e rights l�creunder :hall aisure to, tlie recnective ,urcessors and sesigas o£ Lender t, , ;
<br /> and Bo.rrvwer, subjsct to tfie ptuvisions of (�ura�taj�li 1 i liereof. Rll cove,nants nnd agrimnents of Borroa*er shsli
<br /> ' be joint ant� sero•ers1. The cantitrn� nncl he�di-n�s of il�e �;�nragr:a�rhs �f lhi� \ 1'arY�t��e are for cur�s•t�niee�ce only and H'
<br /> ' aTe not Lq be used to interprec or define tl�e provir3on� l�ereo[. "�'
<br /> ' ; 14: Notiee. Any notice Lo H�rrotver fi-ro�•idecd foc in tlii•= _llottg�.ge �l�atl b¢ �ivtm by inai,ting �uch notiae b� �' - " . 'i
<br /> � certified rnail sddressed, to Borrower xt fl�e Yra�>ert.y Addre�� �t:ite+el Lclow , ex�^ert for a.nv notarc renuired under a"
<br /> pacagraph 313 Ircreof to }�e giv�n to F3orroc+-er in tkir �r�acaritr In�esr.ribed }�y tap��lir,aF�1r law. 9ny notice psovider3
<br /> � � �� ,.:
<br /> , F foc in this �fortgnge shg.11 be aeeinrcl to linve been �i��err 'ta Buei•aw•er �ei;�en �i ��en in tlic manner designe:Ced hetein . t° :' " ;
<br /> ; 1'5. Uniform Mortgage; Gaveming Law; Severability. 'C1oiG fo,rm o4 niort�age combines uniform covr.nants �' ;' ':� j
<br /> ` tor natipnal use snd non-�unifot'm covenai�ts rv 'rtli limited vuriations b,y jurisciiction to constiitute a uniform a�ca- �•:
<br /> ; rity instrument covering mat proNe,rCy�. This \�ortgage shali bc �overned by ti1i� Inw nf the jurisdicbion in whi.eh k'
<br /> ` the Property is located. In Ehe event that nny provasion or clause ol thi� �i�rt.gase or the �ote eonflicte �vith '."` � '
<br /> { applicsble latv, sucl� corr8int shall ❑ot affect atlier �irav�isions of this 1lott�agc nr tl�c \Tote which can be givan a' "
<br /> � etFect without the conflicting pra�risiom, and to tiirs end i.he ��rovisions of tY�e :�IorCgage ¢;ncl the Note are declared � '`
<br /> � to be severable. � ,`
<br /> � 16. Borrower`s Copy. Borrower s}ra11 be fvrnislied :� conformed co�y of this �loctsage at the time of execw � ; � ' -
<br /> E tioa or after renordsGion 'liereof. .; ' ' '
<br /> 17: Trans#er of the Aroparty; Assumption. if al1 or any part of tlie Property or an interest therein ia eold �,, r
<br /> or trsasfened b}• Borrower �vithout Lender's prinr written cotisent. exrluc�in� la) the creation of ss lien ar encum- ' � ' ; ;
<br /> j br.ance subordinate to this vSorEgage, (t�) Ghe creatiou of u p�urchase �noniey securiey interest for househoid appli- < ,
<br /> ' s an�es, (c) a transfer by devise, �escenL or by operation �f In«• upon the deatih oP a joint kensnt or (d) the: grant af F i,' _
<br /> '; any lesaehald interest of three years or le�s not contsinin� an opt�on to I>urchaso, Lrnder mav, at L.ender's qption,.
<br /> deolare all the sums secured by f.his Mortgsge to be irn�nediatelv due and payable. Ler�der stiall hnvc wai�°�d such � ,
<br /> option 'to acceleratie if, prior to tl�e saie or trunster, Lender ay�ei tlae t�erson t� ivlinm tlir Property is to be sald pr ;
<br /> transferred resch agreement in �vriting f,1�Ri tl�e aredit of sucli a�ers�n is satisfaetory io i.ender nnd that Lhe interest � �
<br /> ; payabte on tihe sums secured ta}� this 41ort��ge sl�a1'1 be st sucl� r� te as I.endes shall request. Ii Lender htts waiwed ' }
<br /> _ .;'� the option tn accelerate provi3ed in this parssgrapl� 1 i and if Borrvwer's successnr in 'snterest lias cxecuted a writ- � -� '-
<br /> � ten assumption agreement accepted in writing by I.ender, Lender shall release Borrower from all obligutions under ;
<br /> this Martgage and the Note. < +
<br /> If Lender exercises such aption to nccelerute, Lender shall mail Borrower notice of acceleration in accordance `{
<br /> 1 �vith psragraph 14 hereoF. Such notice �hnll pro�•ide a period of not lees thnn 30 days from the date the notice is -.
<br /> Z mailed within which Bonower may pay the sums declared due. If Borro�ver fnils to pay such sums prior to the 5
<br /> j expiration of such period, Lender may, without furtlier notice or deinand on B'orrower, invoke any remedies per- `
<br /> � mitted by psragraph 18 hereof. � �
<br /> � ;.
<br /> � t�ox-UrriFoenz Covsx�xTs. Borro�ver 1nd Lencler Y'urther covenant and agree As follows :
<br /> Y 18. Aeeeleration; Remedies. F.xecpt as pro�-ided in � �uragrn�ih 17 6ereof, upon Borrower's hreaeh of any
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<br /> � covenant or agreement of Borro�eer in this Jiortgngc, incluQin� tl�c covenants to pay when duc any sums secured
<br /> � by this \Zortgage, Lendcr prior to ncceleration ahull mail noticc to Borro��•cr us ��ro�•idect in paragrnplt 14 hereof
<br /> S specifying: ( 1 ) the breach ; (2) the action required to curc �ucli breach ; 13 ) n dutq not less than thirty days %' �
<br /> from the date the notice is mailed to 13orro�scl•, b}• ��•I�irL sucl � brcacl � must be ciu•ed ; and ( 41 thu4 failurc to cure
<br /> � such breach on or before tl�e date specifieci in the notice may result in uccclerntion of the sums �ecured by this
<br /> � b4ortgsge sod sale of the Property. If the breach is not cured on or beforc the dnte specified in the notice, Lender
<br /> . ,s ut Lender's option may declare all of thc sums secured by this �Iortgage to be immedistcly due nnd payable
<br /> � without further demand and msy foreclose tLis �fortgage by judicial proceeding. Lender shall be entitled to collect
<br /> t in such proceeding ail expenses of foreciosure, inchuling, but not limited to, costs of documentary evidence,
<br /> � abatracts and title reports.
<br /> 19. Boaowar's Bight to Aeiastate. Notu•ithstanding Lender'a aceeleration of the sume secured by this
<br /> � Mortgage, Borrower ahall have the right to have any proceeclingc begun by I�ender to enforce this �4ortgsge dis-
<br /> ' continned at sny timeprior to entry of a judgment enfpTcing Ehia �fortgage if : ( a ) Borrower pays Lender all
<br /> ; ? sums which would, bethen due under this �Iortgngc, tLe Note and notes aecuring Futurc Ad�•ancee, if any, hnd no
<br /> ;; acceleration occurred ; (b) Borrower cttres all breache� of am• other co�•enants or agreements of Borrower con-
<br /> 3 tained in thie Mortgage ; (c) Borrower pays all reasonablc ecpenses incurred by I.ender in enforcing the covenants , . .
<br /> � and agzeements of Borrower contained in this �Iortgage and in enfw•cin� I.endcr's reruedie� as pro�•ideci in para-
<br /> graph 18 hereof, including, but not limited to, reasonaUle attorney'� feec ; and (dl Borrower takes such action as
<br /> ' ��, � Lender may reasonably requi;e to assure that the lien of this \Iortgagc, Lender's interest in the Property and
<br /> ' $orrower'e obtigation to pay the sums secured by thi= :tlortgage :hatl continuc �mimpaired. Upon sttch payment !
<br /> � \�� and cure by Borrower, thia Mortgage and the obligations secured hereby sha❑ remain in full force and effect as if
<br /> no acceleratioa had cecurred. �- �'
<br /> 20. 1lsaigamsat oI Hsats: Appomtment of ' Receiver, Lender ia Possession. as additional security here-
<br /> ; ,� under,.Borrower;hereby aesigns to I.ender tIIe rents of tlie Propert.y. provided thut Borra�cer shall, prior to acceler- �;;
<br /> �� � ation under paragrapkt 18 hereof or absndonment of the Property, havc the righi to collect and retsin such rents
<br /> �` . ae thep:become.due�and payable. • �;' „
<br /> ; y ' Upon saceleration under paragrapl� 18 hereof or ak�andonment of the Yroperty, Lender, in person , by agent �C � ; , p
<br /> ' " " or by �udacially appointed reoeiver shall be entitled to enter upon. take pa�.¢ecaion of and �nanage the Property �� '�
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<br /> � . ` '`� and to collect `the renfis`of the ProperEy, including those past due. All rents collectecl bp Lender or the receiver �w�` - ''�
<br /> Y .;r � ahall be'apptied firs£ to payment:of the costs of manugement of flie Property and collection of rents, including, but
<br /> not limited to, .receiver's fees, premiums on receiver'sbonde snd reusonable uttorncy's fces. and then to the sums
<br /> ` secured bythis Mortgage. Lender and the receiver sl�nll E�c liable to account only for those rents actunlly received.
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