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<br /> ' not extend or postpone the due date oi tl�c montl�ly installinents referred ta in parugraphs 1 and 2 hereof or
<br /> � change the amount of such instAllments.
<br /> 10. Borrower Not Released. �xtension of the t.ime for payment or �nodification of a:nortizntion of the sums
<br /> � secured by this VIortgage �ranted by Lenderto any successorin interest of Borro�ver shall not operate to relesse,
<br /> � in any manner, the .liaUility of the originul Borro��er and Rorr�n•er'e succe�sore in interest. I.ender shs!! not be
<br /> �'s required to commence proceedings against sucli successor or refuse to extend timc for payment or otherwise modify
<br /> i � { umorEization of the surns secured by tl�is Jiort�age by ressou of any demand made by the original Borrower and
<br /> , 0 Borrower's suacesaors in interest.
<br /> � � � 1L Forbe�ance by Lender Not a Waiver. Any forbearance by Lender in exercising nny right or remedy
<br /> � � hereunder, or otherrvise afforded by applicable In�v, shall not be a waiver of or precludc the exerciae of any right '
<br /> � � or remedy hereunder. The procurement of insurance or the �>ay ment ot taxes or other liens or charges by Lender
<br /> 0 ahall not be a waiver of Lender's right to accelernte tlie maturity of the indebtedness secured by this Mortgage.
<br /> � 12. Remediea Cumulative. �ll remedies pro�•ided in tliis \iortgage nre distinct and cumulative to any other ;
<br /> j '� right or remedy under this �3ortgage or nfforded by la��� or equitv, and may bc eaercised concurrently, independ-
<br /> ; ent3y or nucce�aivelq.
<br /> t � 13. Successors cmd Assigns Bouad; Joint �d Several Liability; Captions. The coc-ennnts and agreements
<br /> ; herein contained shall bind, and the rights liereunder �hnll inure to, thc respectivc successors and assigns of Lender
<br /> p und Borrower, subject to thc provisions of par:sgraph ] i hereof. � If covensnts and agreements of Borrower shall
<br /> � be joint and several. The captions and tieadings of the paragra��h� of this \fortgage are for com•enience only and
<br /> are not to be used to interpret or define the provision� I�ereof.
<br /> � 19. Notice. Any notice to Borrower prorided for in tlu� \ Iortgage shull be gi�•en by mailing such notice by e
<br /> icertified �nail addressed to Borro�ver at the Projicrt�• :�ddres� stuted bclo�c , except for uny notice required under "
<br /> paragraph 18 liereof to be given to Borro�cer in thc innnnec• prescribed b�- applicable ta�v. ?�ny notice provided t
<br /> � for in this Vlortguge shall bc deemed to l�s�•c becn gi��en to Borro�cer ��•hcn given in the manner designuted herein.
<br /> '. f 15. Unifor:a Mortgage; Goveming Law; SeverabiGty. 'Chis form of iuortga�c combines uniform ' covenants �"
<br /> } for nationsl use and non-uniform covenants witli limited �•ariutions by jurisdiction to constitute u uniform secu- '-�
<br /> � rity instrument covering real property. This \fortgage shnll bc go��erned by the la�v of the jurisdictiou in which t
<br /> , j the Property is locsted . In the event that any provision or clausc of this Diortgage or the Note conflicts with
<br /> � upplicable law, such con8ict shall not affect otl�er provisions of this \Iortgage or the Note which caa be given �
<br /> � effect without the conflicting provision, and to this end the provisions of the \iortgage and the Note ure declared `
<br /> i to be severable. YF
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<br /> 16. Boaower's Copy. Borrower shall be furnislied a conformet� copy of this \-Iortgage at the time of execu-
<br /> � tion or after recordation hereof. � ;
<br /> 17. Transfer oE the Pzoperty; Assumption. If al! or anv part of the Property or an interest therein is sold
<br /> i' or transferred by Borrower without Lender's prior written consent , excluding ('u) thc creation of a lien or encum- <��
<br /> i brance subordinate to this blortgage, ( b ) the creation of :� purchase money security interest for household appli- �,�. f '
<br /> � nnces, (c) s transfer by devise, descent or by operation of la..• uPon the death of u joint tenant or (d ) the. grant of
<br /> ; any lessehold interest of three years or less not containing an o��tion to purchase, 7,ender may, at Lender's option, �
<br /> declare all the sums secured by this Mortgage to be im�nediately duc :ind payuble. Lender shall have �vaived such "'
<br /> � ' option to accelerate if, prior to ti�e sale or transier, Lender :ind the person to �vhom the Property is to be so2d or
<br /> tran�ferred rea.cl� agreement in �vriting ii�nt the credit of such �>erson is satisfactory to Lender and that the interest
<br /> � payuble on the sums secured by this tilortgagc s6all be st sucL rate a� I,ender shall request. If Lender hss waived ,"'
<br /> the option to accelerate provided in this paragraph 1 i and if Borrower's successor in interest has executed a writ-
<br /> ten assumption agreement accepted in writing by 7.ender, Lender shall release Borrower irom all obligations under �
<br /> � this Mortgage snd tlte I�'ote. ' il, �;
<br /> If Leader exercises sucl� option to accelernte, Lender shull �uuil Borrower notice of acceleration in accordance '
<br /> � with paragraph 14 hereof. Such noticc shnll pro�•ide a period ot' not less thun 30 days from the date the notice is
<br /> mailed within which Borrower tnay pa}• tlic sums deelared due. If Borrower fail� to pay such sums prior to the
<br /> ;# expiration of such period, Lender may, �vitt�out. further notice ar ciemand on Borrower, invoke any remedies per-
<br /> � , mitted by paragraph 18 hereof. ,
<br /> . .NON-UNIFORhi COVENA\TS. BOI'1'O\tiQl' Zil1C� L011CIC1' t�Ul'tllPl' CO\'C'11:lIlt and agrec us Follo�vs : .
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<br /> � ' 18. Aeeeleration; Remedies. Except as proviclect in puragrnJ�h 17 l�ereof, upon Borrower's breueh of sny
<br /> � covenant or agreement of Borrower in tl�is \Iortfiagc, including tl�c covenants to pay �vhen due any sums secured
<br /> :� by this \lortgage, Lender �irior to accelerntion .hu11 uriil notice to F3orro«�cr as provided in parugr�ph 14 I�ereof
<br /> specifying: ( 1 ) the breach ; (2) tl�e action roryuirnd to cuir �uch brcach ; i3 ) u datc, not less than thirt,y days
<br /> from the date the notiee is �nailed to I3orro�cer, b�• ��•hieh ;ucli 1.>rea�eh �uust be ettre�i ; and ( 4 ) ihat failure to cure
<br /> '� such breach on or before tlie date specified in the noticc u�ay result in �cceleration of thc swne secured by this
<br /> �" Mortgage and sale of the Property. If the breach is not cured on or before the date specified in the notice, Lender
<br /> at Lender's option may cleclnre all o[ the sums eecured bp thi� vfortgsge to be immediately due and payable
<br /> � without further demand and may foreclose this \fortgage hy judicia! proceeding. Lender shall be entitled to collect
<br /> in such nroceeding all expenses of foreclosurc, inclucling, hu[ not limited to , costs of docwnentary evidence,
<br /> abstracts and title reports.
<br /> . � 13. Boaoweis $ight to Reiast¢te. \'otn•itlistanding 7.ender's ncceleration of the sum� secured by this
<br /> I � Mortgage, Borrower ahall have the right to hs�•e any proceedings begun by I.ender to enforce this vIortgage dis-
<br /> continued at aay time prior to entry of a judgment enfokcing thi� \fortgage if ; (n ) Borrower pays Lender al)
<br /> sums wl�ich would be then dne under this llortgage, tLe 1Vote nnd notes securing Future Advances, if any , had no
<br /> u � secelerstion occurred ; ( b) Borrower cures nll breuche� of �n�- other co�•cn3nt� or agrcements of Borrower con-
<br /> taiaed in this IVlortgage ; (c) Borrower pays all reasonnble eapense� incurreci by T,ender in enforcing the covenun�s
<br /> � ,� snd agreements of Borrower contained in this �Iortgage und in enforcin� Lender's remedies ns provided in para-
<br /> graph 18 hereof, including, but not limited to, reasonable attornec's fee. : and � dl Borrower tnkes such aetion as �
<br /> Lender may rnasonably require to assure that the lien of this �Iortgage, Lender's interest in the Property and ��,:. �, '
<br /> '`� Boirocver'e obligation to pny the sums secured by this �ilortga€e shall continue unimpaired. Upon such payment -•-c-° -
<br /> -� snd cure by Borrower, this Mortgage and t6e obti�atious secured hereb}• shall remain in hill force and effect as if „ �
<br /> no acceleeation had occurred. � sF x
<br /> e 20. Aaagnm�at of Hanta; Appointmeat of Haeeivart Leader in Poasessioa. As xdditional security here- - .
<br /> � , , uqder, BorPower liereby aseigns to I.enderthe rents of the Property. pro��ided that Borro�cer shall, prior to xtcceler- ��,; ;. � ;
<br /> ation under paragreph 18 hereof or: abandonment of the Property, have thc right to collect and retain such rents �'=^ <,
<br /> � se Ehey become due and psyable. , e _:�
<br /> Upon acceletation under paragraph 18 .hereof or abandonment of the Yroperty, Lender. in person, by agent : � ,�`�,-.�.
<br /> s� fi or by.judicially appointed teceiver ;shall ' F�e entitled to enter upon. takc possec$ion of nnd inana�e the Property +
<br /> ,. , and Lo eollect the rents of the Property, including those psat due. � II rents collccted by Lendcr or the receiver
<br /> "t ak91I be SppliCd fitat to payment oF the coate ot ulanagement of the Property and collection of rents, including, but
<br /> '` not }imited to, receiver's fees, premiums on recciver'¢ bond� und reasonable attorney's fece. and then to the sums
<br /> secured by this Mortgage. Lender ar.d the receiver sliaU be liable to arcotmt oniy tor those rents actuzih• recei�•ed . �
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