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<br /> nat extend or postpone the due c�ate of thc inonthly instnlliiients referred to in F,nragrnphs 1 and 2 hereof or
<br /> change the amount of sucli installments.
<br /> 20. Borrower Not Released. �xtension of tl�e tirae fm� p:*>•n�ent oi� �z3o3ifica[iou uC a�nortizaf,ion oi the sums
<br /> secured by Ll�is Mortgage granted by I.ender to any :uccessor in interest. of Borrower shall not operate to release,
<br /> in sny manner; the liability of the original I3orrower und Borron er's successors in interest. I.ender shall not be
<br /> reqwred to commence proceedings againet sucli successor or re[use ta extend time far payment or ottierwise modify
<br /> , � umortisation of the sums secured by this \Iortgage liy reason of nny demand made by the originai Borrower and �' '
<br /> � ; Borrower's suoeessors in interest. �`
<br /> � 11. ' Forbearmice by Leader Not a Waiver. Any Porbearanee by Lender in exercising any right or remedy f°,
<br /> , ;.� hereunder, or othenvise afforded by applicable law, slisli not be ta wniver of or preclude the exercise of any right �
<br /> �� or remedy hereunder. The procurement of insurance or the pnyment oP tuxes or other liens or charges by Lender '
<br /> � � shall not be s waiver of Lender's right to accelerate the inaturity of the indebtedness , secured by this Mortgage. �
<br /> � 12: Ramediea Cumulative. All remedies pro��ided in this �4ortgage are distinct and cumulative to any other ,,
<br /> y right or remedy under this �Iortga�e or afforded h� la«• or equicy , and ma�• be exercised concurrently, independ- ` '
<br /> ' � ently or succeaaively. �''`
<br /> 6:. � �
<br /> �' 13. Suecessors �d Assigns Bound; Joint �d Several Liability; Captions. The co�•ennnts and agreements r
<br /> pp herein contained shall bind, und the rights hereunder shall imire to, thc respectivc successors and assigns of Lender i '
<br /> � i� and Borrower, subject to the provisiony of puraqraph 17 hereot. All covenanta und agrcements of Borrower sha11 � ` '
<br /> � be joint and several. The captions and lieadings of tLr. paragraph. of thi� Jlortgage are for convenience only and t
<br /> � are not to be vsed to interpret or define the provisions hereof. � . . `
<br /> .
<br /> � 14. Notiee. Any notice to Borroc��er provided for in tl�i� \ tor[ guge sl�all be given b�� inailing such notice by �,
<br /> � certified �nail addressed to Borro�ver iit thc Property �lddre.s statec! belo«- , exce�it f01' 17]V notice required under �" '
<br /> paragruph 18 hereof to be given to Borro�cer i ❑ the manner ��rescribed b�• :�pplicable In�v. �nv noticc provided �
<br /> for in this \-fortgage shall he deeiued to liave been given to Borro�cer �chen given in tfie �nanner desigunted lierein. 1`
<br /> ; I5. Unitorm Mortgage; Gaverning Law; Severability. 'Phis form of mortgssge combines uniform covenants �; , , s
<br /> fornstional use and non-uniform covenants witl� limited �•ariations by jurisdiction to constitute a vniform secu- � ;r`
<br /> : } rity instrument covering real property. This \Iortgage shall bc governed by the la�v of the jurisdiction in which %
<br /> � the Ptoperty is located. In the event that any provision or clause of this \4ort.gage or the Note conflicts with -
<br /> appiicaple iaw, suci� conflict shnll not atTect other provisions of this \Iortgage or the Note which can be given
<br /> = effect without tlie conflicting provision, and to this end the provisions of the \Iortgage tsnd the Note are declared < <+
<br /> � to be severable. < <
<br /> „
<br /> 16. Borrower's Copy. Borro�ver shall be furnisl�ed a conformed copy of this �lortgage at the time of execu- i'
<br /> � tion or after recordation I�ereof_ �
<br /> l . 17. Traasfez of tfie Propeziy; Assumption. If all or any part o[ the Property or an interest therein is aold , a;
<br /> � or trsnsferred by Borrower �vithout Lender's• prior written consent, excluding (a) the crention of a lien or encum- ;;. % '�
<br /> 4 brance subordinate to this �iortgage, ( b) the creation of :s purchase tnoney security interest for l�ousehold appli- a` � ;;
<br /> ( ances, (c) a transfer by devise, descent or by operation of la�c upon the death of a joint tenant or (d ) the, grant of
<br /> � any ]easehold interest of three yesrs or less not containing an option to purchase, Lender mag, at Lender's option, �
<br /> declare all the sums secured by this Mortgage to be iiumediatcly due �md payable. Lender shall have waived such '�
<br /> option to accelerate if, prior to t.l�e sale or trnnster, Lender und the person to whom the Property is to be sold or h
<br /> �; trunsferred resch agreement in writing tl�at tl�e credit of such person is eatisfactory to Lender and that the interest �
<br /> j payable on the sums secured by this �Sortgage shall be at such rate as Lender shall request. If Lender has waived T
<br /> fthe option to sccelerate provided in this paragraph 17 and if Borrow er's successor in interest has executed a svrit-
<br /> ten assumption agreement accepted in �vriting by I.ender, Lender shall release Borro�ver from all obligations under N
<br /> f this Mortgage and the Note. "�
<br /> �. If Lender exercises sucl� option to uccelernte, Lender shal! uzail Borrower notice of acceleration in accordance �t�
<br /> ' � �vitli paragraph 14 hereof. Such noticc shnll provide a i�eriod of not less than 30 days from the date the notice is
<br /> mailed �t�ithin which Borrower may puy thc sums declared duc. If Borro�ver fails to pay such sums prior to the
<br /> � expirstion of such period, Lender may, «•ithout furtl�cr notice or demancl on B'orrower, invoke any remedies per-
<br /> r� :nitted by parsgraph 18 hereof.
<br /> � � Nox-UrziFoa.rz Covsxe�Ts. Bori•o�rer and Lendei• Curtlzer covenaint and agree 1s fo]lows : i
<br /> �
<br /> 18. Acceleratioa; Remedies. Except as pro�•i<ted in � r,iragraF �l� 17 hrreof, upon Borrower's breach of any
<br /> covenant or agreement of Borrowcr in this \toMgnge. including tlic covenants to pay �vhen duc any cums secured
<br /> .� by this \lortgage, Lender �irior to acceleration �hall m.tiil notice to Borro�ecr as pro�-ided in p:�rugraph 14 l�ereof
<br /> t specifying: ( 1 ) the breach ; (2 ) tl�e action required to cw•c such brc:ich ; � 31 n datc, not Icss tl�an thirt,y days : -
<br /> , j from the date tlic noticc is mailed to 13orro��•cr, b}• ��•hich �iirL breacl � must be ctu•ed ; and ! 4 ) thnt failurc to cure
<br /> . � such breach on or before the date specified in tLe noticc �uuy result in accelerntion o( tlie sums secured by this
<br /> ` .i ibSortgage snd sale of the Property. If the breacl� is not cured on or beiore the dn2e specified in the notice, Lender
<br /> � at Lender's option may declare ull of the swns secured by this vlortgagc to be immediately due and payable
<br /> , � without furtherdemand and may foreclose this vlortgage by judiciul proceeding. Lender shall be entitled to collect
<br /> , ,� in such proceeding aIl expenses of foreclosure, including, but not ]imited to, cosE, of documentary evidence,
<br /> : y abstrscts and title reports.
<br /> � 19. Boaower's Right to Bainstete. Notwithstnnding I.ender's neceleration of the sums �ecured by this
<br /> Mortgage; Borrower ahall have the right to hnve uny proceedings begun by I,enrter to enforcc this Viortgage dis-
<br /> � continued at any time prior to entry of u judgment enfoTcing this \Iortguge iL• ( a1 Borrower pays Lender all
<br /> suma whieh would be then due under this \Iortga�e, thc i�ote nnd no2es securing Future �ldvancec, if any, had no
<br /> y. � acceleration occurred ; (b) Borrower cure= nll breaches of any other co�•enantc or agrcements of Borrower con-
<br /> a , tained in this Mortgage ; (c) Borrower psys all reasonable espenses incurmd by I.ender in eniorcing the covenante
<br /> ; and agreements of Borrower contained in this �Iort�u�c and iu enforcin�; Lcndcr'� reniedies as ��rovi�ed in para-
<br /> ,, � ; graphl8 hereof, inclUding, but not limited to, reasonable attornep's fec. ; nnd � dl Horrower tnkes such nction ss
<br /> :Il� I.ender may reasonabty require to assure that the lien of this �4ortgage, i.ender� interest in the Property and
<br /> Borrower's 'obSgation to pay the sums secured bv thi= VlortRaGe �h311 contim�c unimpnired . T_7pnn cuch payment M ' ' �
<br /> .� � and cure by Borrower, this Mortgage and the ob2i�stions secured hereb}• shnll remain in full force and effect as if ""'=i'
<br /> � � no saceleretioa had occurred. : �
<br /> 20. As�igs�mwt o! R�ats; Appoiatment oi Raceivez; I.ender in Possession. As udditionnl cecurity here- 7'a .��.
<br /> �, undet, Boerower hereby aseigns to Lender the rents of the Property. pra�•ided that Borro«•er shall, prior to acceler-
<br /> ��: � atiomvnder paregraph 18 hereof or abandonment of the Property, hsvc thc right to collect and retain eucli rente �* � J
<br /> ,�'�- � as thery become- due and payable_ �' �
<br /> f � I3pon accelezation under paragaph 18 hereof or absndomnent of the Yroperiy. Lender, in perefon, by agent �`.'�n
<br /> ,, ,,� or by judiciatly appointed receiver shsll bo entitled to enter upon, tske possecion oF and mann�e thc Propertp • ` �^ ``'
<br /> _ .
<br /> , a and to colleot f1�e rents of_ the Property, including those past dne. All rents collecteci by I,ender or the receiver
<br /> shsll beapplied firat ta paymenG of Lhe costs of u�anagement of fl�e Propercy and cotlection of renta, including, but.
<br /> 'r not limited to, zeceiver's fees, px+eroiums ort receiver's Gond� and reasonable nttorney '� feev, and then to the sums
<br /> secured 6y'this VIortgage:' Lender and the receiver shall be liublc to account onlv for those rents xctunl l,y recei�•ed . �
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