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<br /> not extend or jiost.pone the due date af thc monthiy� instnliment� refcrred to in paragraphs 1 nnd 2 hereof or
<br /> change thn amount of such instnllments,
<br /> i 10. Borrower Not Released. �xtension of the t ime for i�n,yment or modification of ainortization of the aums
<br /> secured t�y this vlortgage granted by I.ender to any �uccessor in interest of Borrower shull not operate to releuse,
<br />� in any manner," the lisbility of the originul Borrower and Borro�ver's succecsors in interest. Lender shaII not be ;
<br />� � required to commence proceedings against sucL successor or refuse to extend time for payment or other�vise modify � _
<br /> ,
<br /> amortization of the sums secured by this \Iortgage by reason of nny demand made by the original Borrower and
<br /> Boaower's successors in interest.
<br /> % 11. Forbearance by Leader Niot a Waiver. Any forbesrance by Lender in exercising ssny right or remedy f
<br /> hereunder, or otherwise afforded by applicable law, shall not be n �vni-ver of or preclude the exercise of any right [
<br /> r T or remedy hereunder. The �rocurement of insurance or tl�e payment of taxes or other. liens or chnrgns hy L��3�� ,
<br /> � shall not be a wniver of Lender's right to nccelerate the maturity of tlie indebtedness secured by this Mortgage. "
<br /> ; 12. Remedies Cumulative. :111 rernedies provided in this \lortgage are distinct and cumulative to any other `
<br /> i � right or remedy under thic \Iortguge or afforded by ]nw• m• cquity, and ma�� bc exercised concurrently, independ- t
<br /> ! �' ently or successively.
<br /> C 13. Suecessors and Assigas Bound: Joint and Several Liability; Captions. The covennnts and agreements `
<br /> ' � herein contained shall bind , and the rights hereunder �hall inure to, thc respectivc successors and assigns of Lender } ,
<br /> 7 r nnd Borrower, subject to the provisions of parugraph ] 7 hereof. .�111 covenant. and sgrecments of Borrower shsll
<br /> ' DO be joint und several. The esptions and leeadings ot tl�e paragraphs oP this \ Iortgagc are for convenience only and f
<br /> ' ^ are not +.a be used to interpret or define tl�c provic�ons liercof. �"
<br /> 14. Notiee. An • notice to Borro�ser iro�-ided for in this �Iort a r shxll be F
<br /> ; } � g g gi��en by mailing such notice by
<br /> ? certified mail addressed to Borro�vcr :�t tlm Property Addres; .t:ited belo«�, except ior uny notice required under "
<br /> paragraph 18 hereof to be given co Borro�cer in the �nanner ��rc;cribed b}• a��ilicable In�v. Any notice provided � '
<br /> f for in tl�is \Iortgage shall he deecued to ha�•c becn gi��en to Borrower �ti•l�cn gi�•en in tiic ivanner designated herein. i `
<br /> � 15. Uaiform Mortgage; Goveming Law; Severability. 'Chis form of inortga�e combines unifarm covenants f
<br /> i
<br /> � for national use and non-uniform covensnts ivitli limited variationc h�� j � r;�.+ .�r•� ± ••-•� - "
<br /> 1. ._ _ ' __: n o �cnst:�uw i. �uiform secu- E'
<br /> wiM. iTt�
<br /> . ..� o�ruu,ei;i, wvering resi property. i'his \fort.�age shall bc governect by the la�c of the jurisdiction in which �
<br /> • the Property is locsted. In the event thut any provision a• clause of this 1-fortgnge or the Note conflicts with r
<br /> ' applicable law, such conflict shnll not nffect other provision� of this �Iortgage or the Note which cun be given � `
<br /> � effect without the conflicting provision , and to this end the pro��isions of the 1Iortgage and the Note are declared F'
<br /> ' to be severable. u
<br /> ; 16. Bonower's Copy. Borro�ver shall be furnished a conformed copy of this \Iortgnge at the time of execu- �
<br /> j tion or after recordation hereof. �:
<br /> ! 1R TransEer of the Propezty; Assumption. If nll or uny parG of tt�e Property or an interest therein is sold ;,
<br /> ' or transferred by Bonower �vithout Lender a prior written consent, excluding (a) the creation of a lien or encum- t
<br /> 7 brance subordinate to this \lortgage, ( b ) the erention of n purchase money security interest for household appli-
<br /> ances, (e) a transEer by devise, descent or by operation oi la��• upon t}�e death of a joint tenant or (d) the, grant of e
<br /> sny lessehoid interest of three years or less not containing un option to purchase, Lender may, at Lender's option, a
<br /> � declsre all the sums secured by this Mortgage to Uc immediatelp due and payablc. Lender shall have tvaived such �
<br /> � option to nccelerate if, prior to tl�e sale or transfer, Lender and thc percon to whom the Property is to be sold or �
<br /> � transferred reach agreement in writing thut the credit of sucL person is sutisfactor}• to Lender and that the interest "
<br /> ' payable on the sums secured by this �lortgage shall bc at sucl� r�te as Lender shall request. If Lender has waived i
<br /> 4 the option to sccelerate provi3ed in �his paragrnpli 17 and if Borrower's successor iti interest has executed a writ- _
<br /> ten assumption agreement nccepted in �vriting Dy Lender, Lender shall release Borro�ver from ull obligations under j
<br /> ? this Mortgage and the Note. �
<br /> AIf Lender exercises such option to accelerate, Lender shnli �uai! Borrower notice of acceleration in accordance �
<br /> r witl� paragraph 14 hereof. Such noticc s1�111 pro��idc a ��eriod of not less tLan 30 days frmn thc date the notice is � ";
<br /> mailed within which Sorro�ver may pay the su�ns declared due. If Borro«�er fails to pay such sums prior to the t
<br />'� expiration of such period, Lender may, «�ithout furtlici• notice m• deruand on B'orrower, invoke any remedies per- €
<br />� mitted b ara a h 181iereof. ' �'
<br /> a Y P P,i' P
<br />� � NON-UNIFOR�M COVF.NANTS. BOl'TOWC]' 'r177fI L0I1(�CI' tUl'tI1C7' COVQI1f1Ilt flII(� agree As follo�as :
<br />� 18. Acceleratioa; Remedies. Excepi �s pro�•ideQ in piuugruph 17 h�reof, upon Borrower', hreach of any ;
<br />; covenant'or agreement of Borro�ver in tliis \fort�age, including the covenants to pay when due any sums secured �
<br />` by this �4ortgage, Lender ��rior to accelerution ehali �n:iil notice to Borro«�cr a� pro�•ided in paragrnpl� 14 l�ereof
<br />' specifying : ( 1 ) the breach ; f, 2 ) the fletion requiir�i to cure �ucli bressch ; � 31 x date, not less tLun thirty days
<br />? , trom the date thc notice i� �nailed to 13orro��•cr, b�• t�-I�ich �ucl � brcacl� � �iust be cured ; and (4) that failurc to curc
<br /> such breach on or betore the date specified in tlic notice may result in ucceleration of tlie sums secured by this i
<br />` �Iortgage nnd sale of the Propert,y. If the breach is not em•e<i on or beforc the datc specificd in the notice, I,ender
<br /> 1 at Lender's option ivay declare all of the sums secureci by this \Lortgagc to be i�nmedintely duc nnd payable
<br /> iwithout further demand and may foreclose tl�ic \lortgnge by judiciul �iroceeding. Lender shall be entitled to collect
<br />� in such proceeding all expenses of foreclosurc, including, but not limited to , costs of documentarv evidence,
<br />� abstracts and title reports.
<br /> 19. Boaower's Right to Reinstate_ Not«•ithstanding 7.ender's ucceleration of the sums secured by this
<br />� Mortgage, Borrower shsll have the right to have any proceedings begun by Lendcr to enforce this �tortgage dis-
<br />; continued st any, time prior to entry of a judgment enforcing this \Iortgnge if : (nj Borro�ver pays Lender sll
<br /> j aums which would be thea due under this �iortgagc, thc �'ote and notes securing Futurc Ad�•ances, if any, had no
<br />` aeeelerstion oeeurmd ; (b ) Borrower cures oll breuches of nny other cocenantc or agreementa of Borrower con-
<br />� tained in this Mortgage ; (e) Borrower pays ull reasonahle espensr� incurrc�l hy Lender in enforcing the covenants '
<br /> and sgreementa of Borrower contained in tliis \Iortgu�;e snd in enforcink I.ender's remediea ns providecl in para-
<br />; graph 18 hereof, including, but not limited to, reasanaUle nttorney'� fee: ; 3nd I d 1 Borrower takes such action as
<br /> Lender may reasonably require Eo nssure that the lien of this \Iort�agc, I.ender'c interest in the PraPerty and.
<br /> Borrower'e obligatiom topay the sums secured hy thi� �Zortgage �hall continue imimpaired. LTpon such payment "' �="v� ` ""
<br /> i Er and cure by Borrower, this Mortgage and the obligations secured hereb� shall remain in full force and effect as if - � �; ,;'
<br /> x
<br />' no acceleration had occurred. � ,y, + .
<br />� " 20• Ais�s4nmsnt o� Bants: Appointa�ent oI Receivez; Leadar in Possession. As sdditionul security here- � "
<br /> . , . . ,
<br /> . •under, Bortower`hereby e�eigns to Lende'r the rents of the Propert}•, provideci that Borro�c-er shsll , prior to acceler- � ,. ,. ;
<br />� ation under paragraph 18 hereof or abandonment ot the Property, hsvc the right to colIect and retain such rents � � <_ � `
<br /> as they becbme duo and payable. s �..
<br /> ' Upon 'acceteretion under paragiaph 18 hereof or abandonment ot tlie Yroperty, Lender. in person, by agent ��»»�T . . ��
<br /> or by j�dicially appointed receiver' shall he entitled to enter upon, take possc<sion of and m�snaRe thc Prapert.y
<br /> and -to collect the rents of the ProperLy, including those pu.9t due. All rents collected hv Lender or the receiver
<br /> ahall be applied firat to payment of the costs of insnagement of the Property and collection of renta. including, bat
<br /> not Iimited to, zeeeiver's fecs, premiums on receiver's hond� nnd ressonahle attorneS•'s fecv, snd then to the sums �
<br /> � S@CUTCf} I1yti718 MOI'EgAP.,P�. TRO(jET Ri1f� RI1P TP�PIVPT �hnll he- liahle to �secount onl}- ior tho<e rcnt� artvalh• rcccircd .
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