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<br /> uot extens! or post.pone i,fae due date of tilie �nontlrly �r,sti�dl:rrent� refer:eci io in rraru�ra��hs 1 and. 2 hereof or
<br /> change the•amuunC of sucli ino6allmenLs,
<br /> 10. Borrower Nof Released. Lxtension of tY�e li[�ae for )�ayment or mo�i8cation ot sx»c+rtization of the eums ;
<br /> sPcured liy this i�iortgage grant,eci by l.en<:ier to nny :aicc�ssur- in intcresY oP B.orro�ver ehall nat o�erate to reEease,
<br /> ? in any inanner, the liabitit;,v ai the originul B'orro�ver anei $qrro�re:r's successons i:� interesk ._ I.ender shall nat be
<br /> � � � iequired to comm�nce ptoceedin�{s b�;nin�t sucli auccessor or refuse t� rxtend timF for paymeut or athekwise madify
<br /> ! Lr�ortization of the sunis secured by tl�is �Iort�age I�y reasu�r of any clemaiid mude by the ori�in�l Rorrower and
<br /> - � � 8orrower's auccessors irs interest.
<br /> # � ! 1. ,Forbearmace by Lender Not a Waiver. r1n�- forbearance hy Lencier in exercisi��� ntuy right or remedy
<br /> , Q hereunder, or oth.erwise afforded by apF�li.ca�le law ; sha�l nat he a «�niver o[ or Precludc. the exercise of any right
<br /> � Or remed,y hereunder, The praouren�ent oE insuranr.e oa� tlie ��avtuent ot taxes or ohher 'liens or char�es 6y I.ender
<br /> s�a11 not bc a wniver of Lender's rigtit t� accelerute tfte inacurity oF tl�e indebtedneas secured by this i�iortgage_
<br /> i 12. Remedies Cumuiafive, _31! remeciie= �rovicled 'sn this \tortgage are clistimet amd r. urnulative, to any other
<br /> ` � tigh4 or r,emedy under this \Iortgage o�� :ifforile�i hv ln�v i�r equicp , nrad may� i�c u+ces�ised coneurrently, independ-
<br /> ° 00 ently or successiveiy. �
<br /> i n 13. 5uceessors �d Xssigas Bound: Jcint �d Severat Liability; Gaptions. TYie co�•�nants axrd sgreements
<br /> '' hexeih contniaed sfiall bind, rnd the rishis I�ereui�der ;hail znure tn, t4ac resi�ectivc�: s:iccessars an� s►.ssigns of Lender
<br /> ,t and Sorrower, subjecb to the provisions of �inr:�graj�li 1 i }iEre�t". �I1 covenaut: an�3 agree�nents of Borrower 3fiaPi
<br /> be joint an�! several . 1'he eat�tions a-nd hraciinKs of tlie ��nraFrztiplia oi tl�i� \[urt�age are far cc�ncet�it+nce only and
<br /> s sr� not to be used 'to ihterpret or definr the tmuvision, l�erecri.
<br /> ; 14. Notiee. Any [iotiee to }3urroaver pr�cided 3or in 2liis \lortgn�e ri�all 1>e �;iven by unailing such notice by i
<br /> cert'tfied mail addrtssed to Borron•cr ut t }�e kror>ert.}� i��idr�s:: �tutecl 1��{oti�• , crsseTat for uny- n�tice require.d under
<br /> ;; puragra�h 18 hercof to be givrn to $ocrcicc-er ir� tlie rnnnricr � >rescribeci t�ti• >tp�itie:�ble lasv, tfiny n�tice }�rovided
<br /> 1 f. or in bhis �[ortgage .hsll ire dee��ie� to 1r.i�•c I,eetr gi��cn fo I3ort�o�cer wirin given in the �nannr.r �lesiqu�ted hereiii_
<br /> ` 15. Unifcran Mortgag,e, Crovernixtg Law: Seve:abili.ty. 'P'hi� far�u uf tn�regu�e cointiines unif��rm cc�venniiC.s
<br /> for nationnl use und nom-uniform r.owenants �vit6 lintitrci �-aristions bv iurisdiction to curistitute a un�torm secu-
<br /> ;, rity instrument, covering resl ,nro�ert,y. Thi� �tort.gxge �hall be �o�-erne�i k�y Ghc la�s� of thc juris�iiction in which • '�''
<br /> � Che T'raperty is lor:ated . In the ev�nt tliat acny ��rovisi;on or clause of #.lai� \1ort�;a6e or ihe ATote enn$icls wiCh ' '
<br /> i npplicable la�v, such conflrzct sluall not affect ak.'Uer prati•isiot�s of this \lortga�e �r Yhe �Tote whit:h cnn »e given
<br /> effect wiLhout the co�iflicting �u���ision, ancl to this encl t}ae provi-sitins of ihe �tort�n�r an�3 the �Tote �re declaaed
<br /> '. to be severable.
<br /> 16. Banower'a Copy. Borrocver shull f'�e £r�rnislicci n ronfnrme�3 r. oPy of this \turt,gage at the time of execu-
<br /> tiqn or sftei record�tinn iaereof.
<br /> 17, Traasfer cf the Propezty: Asaumption. Tf all oc any j�ari �t the Propert•y r�r nn interest thexein is sold '_
<br /> or trgnsf.erned by Bonower without 7.ender's prior tivritten consent . exeludi��g (a) GFhc crex-tion of a kien ur encum- s
<br /> btanCe eubordinaYe ta this �lortgage, (!�) the creution �f a purchase muney- .enurit3� interest for howsehaId apFii- `�
<br /> i�nces, (c) a transfer by dev�ise, �escent ur t�y� o�rration of ] aw upon tlie �ieutli af a j oimt tensnt or �d) the grant oi
<br /> stny leasehold interest of three yewrs or les� nut cq�rGaining an ara€ion tn pu.rehuse, Lender may, ut Lender's option,
<br /> declsre all the sums secured by this ;1�Iortgage to �e iminedistcly ciuu nnd r>ayable. l,ender slfall have �v�iwecl such
<br /> ' option to accelerate if, prior to tl�e �ale or transfer, Lender uncT thc ��er5on to H�1aon-i tilie Pr�percy is to be swld or
<br /> ftzansferred reacl� agreement in writ.ing that tLe credyt of surh �ier,on is salisfuct:c�cy to Lender nnd that the interest
<br /> � payable on the sums secured by this �iortgage shall be at such rate as Lender shall request. If Lender has waived , ;'
<br /> ' the option to accelerste pmvided in t6is paragraph 17 and ii Borrower's successor in interest has executed a writ-
<br /> � ten assumption agreement accepted in �vriting by Lender, Lender shall release Borrower from all obligations under
<br /> t this Mortgage and the Note. '
<br /> ''} If Lender exercises sucl� option to accelerate, Lender shnll mail Borrower notice of acceleration in accordance
<br /> � �vith psragraph 14 hereof. Such notice sLall procide a period of not Iess tl�un 30 days from the date the notice is
<br /> mailed within which Borrower may pa�• the suin� declared due. If Borro�rer fails to pay such sums prior to the
<br /> expiration of such period, Lender inay, «�ithout furthcr notice or demand on Bbrrozr•er, invoke any remedies per-
<br /> == mitted by paragraph 18 hereof.
<br /> r� � . NON-UNIFORhi COVENANTS. BOl'1'O\VC'P R31C� L611CIEC tUl'tI1G' COVQ11flIlt and agree as follows : � �
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<br /> 18. Aeeeleratioa; Remediea. Except us pro�-ided in puragr:y�6 17 hereof, upon Borro�ver's breach of any
<br /> covenant or agreement of Borrower in this 3lortg�tge, ineluding thc covenants to pay «•hen duc any sums secured
<br /> � by this �iortgage, Lender prior to :acceleration �Lail �u:iil nuticc to Borrot+-cr n� providcd in para�roph 14 l�ereof
<br /> ; specifying: ( 1 ) the breach ; (21 the nction required to curc �ucli hressch ; 13) eti dnte, not less tl�an thirty days �
<br /> ti from the date the noticc is mailed to 13orro�ccr, by �rliich �ucli Urcacl� must be cured ; nnd (41 that failure to cure
<br /> -� such breach on or before tlie date cpecified in the notice nmy result in acccleration of the sume secured by this
<br /> :; ' :�fortgsge and sale of the Property. If the breach is not cured on or beforc tlic dnte specified in the notice, Lender
<br /> . '� st Lender's option inay declare all of the suius securecl b3• thic �iortgage to be immediately due and payable
<br /> ' 3 without further demand and may foreclose tliis Viortgage by judicial proceeding. I.ender shall be cntitled to collect
<br /> a in such proceeding ull expenses of forcclosurc, including, hut not liroited to, costs of documentary evidence,
<br /> # abstraets and title reports.
<br /> ,'� 19. Borrowois Right to Reiastate. iVot�a•ith�tunding Lender's xcceleration of the �ume secured by this
<br /> , � Mortgage, Borrower ahall have tl�e right to have any proceedings bequn by Lendcr to enforce this �Iortgage dis-
<br /> continued at any time prior to entry of a judgment enfoyrcing this \tortgage if : � nl Borron•cr pays I.ender all
<br /> f' sume which would be then due under this \Iortgngc , thc Noie and notes securing Futurc Ad�•ances, if any, had no
<br /> 3 � acceleration occurred ; (b) Borrower cures all breuches of anp other coccnnnts or n�reements of Borrower con-
<br /> � tained in this Mortgage ; (c) Borrower pays all masonnblc expenses incurrecl bp T.ender in cnforcing the covenants
<br /> snd agreements of Borrower contained in this �Iortgage nnd in enforcing Lender's remedies as �uovided in parn-
<br /> ,� graph IS hereof, including, but not Iimited to, rensonable attorney� fees : and ( d ) Borrower takes such nction as �
<br /> ��J Lender may reasonably require to aseure that the lien of thie \Iortgage, Lender'c interest in the Property nnd
<br /> `� Bbrrower's obligation to pay the sums secured by this �fortgage shall continue unSinpaired. Upon auch payment ..�-, r'"r�
<br /> �°' si�d cure by Borrower, this Mortgage and the obligations cecured hereby ehall remain in full force and eftect as if 'a
<br /> no seceleration had occurred. , , ;:` '
<br /> 20. Awic�nmont of Rsata: Appointment of Receiver, Eendez in Possession. As additionul security here- � ::„ "
<br /> under, Bortower hereby assigns to I.ender the reat6 of thrPropert.y. procided that Borrower shall , prior to acceler- �;_ `
<br /> ation �der psragraph 18 .hereof or sbundonment of the Property, 7iave thc right to collect and retain auch rents � ,
<br /> �y se;they become due and payable. . �" " ,�;,,.�;
<br /> ,,< • Upon-acceleratiomunder paragraph 18 hereof or abandoncnent ot the Yroperty , Lender, in petaon, by agent ;�-r .��i-
<br /> v� o; by }udicially appoinEed receiver: ahall be entitlecl to ente�� upon , txke ��oaseasiun uf and �uxuaKe ihe Property "'
<br /> ' ; and to collecE the :ients of the Property, including tfiose past due. All rents collected bv Lender or the reccivcr
<br /> �;� ahall be applied first to psyment of the coste nf mansgement of the Property ond collection of rent� , including, but
<br /> `�� noC limited to, receiver's fees� Premiums ore scceiver's boml¢ nnd reasonable attorne�'c feea , and then to t.he cumc
<br /> seoured by this Mortgage. Lenderand thc receiver shall be linhie to account only for thosc rentc netuxlly recei�•ed . �
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