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<br /> not extend or postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or
<br /> change the amount of such inatallme�ts.
<br /> I0. Boaower Not Released. Exteneion of the time for payment or modification of amortization of the sums
<br /> j ' secured by thie t1�Iortgage granted by Lender to an_y successor in interest of Borrower shail not .operste to release, ' ° '
<br /> ' ' � ��' ,.�
<br /> ;' in any manner, tlie liability of tl�e original Bonower a.nd Borron•er's successors in interest. Lender shall not be `
<br /> required to commence .proceedings againat such euccessor or refuse to extend time for payment or otherwise modify ` ` s a
<br /> amortizstion of the sums 'secured by tl�is \Iortgage by reason of ni�y demand made by the original Borrower and ���
<br /> Borrower's auacessors in interest. �� � 9?
<br /> llr Forbe��mce by Lender Not a Waivea Any forbearance by Lender in exercising any right or remedy ; , r i�;
<br /> hereunder, or otherwise afforded by applicuble law, shull not be n waiver of or preclude the exerciee of any right ' ;
<br /> or remedy hereunder. The procurement of insurance or the payment of taxes or other liens or charges by Lender '''-
<br /> shall not be a waiver of Lender's right to accelerate the maturity of the indebtedness secured by this Mortgage. r� �;
<br /> r 12: Rem@dies Cumulative. All remedies provided in tliis �lortgage sre distinet and cumulative to any other F .
<br /> rig6t oe remedy under this vlortgage or afforded by ln«• or equity, and �nay be exercised concurrently, independ-
<br /> , ently or euccessively.
<br /> ? 13. Suecessors cmd Assigas Bound: Joint �d Several LiabiHty; Captions. The covenants nnd agreements z �
<br /> ; herein contained shull bind , and the rights liereunder shall ini�re to, tl�e respectivc successors and assigns of Lender �?;
<br /> ( and Barrower, subject to the provisions of paragraph 17 l�ereof. 911 covenants und agreements of Borrower shall z,`
<br /> ;$ be joint und several. The captions and hcadings of the paragraphs of tiiis 3[ortgage are for convenience only and
<br /> , � are no£to be used to interpreb or define the provisions l�ereof. �y � �,
<br /> 14. Notice. Any notice to Borrower proeided fm• in this \lortgage shall be given by mailing such notice by
<br /> :� certified mail addressed to Borrower at thc Property Address siated bclo�c•, except for any notice required under +'` �
<br /> paragruph 18 hereof to be given to Borro�cer in tl�c manner prescriUed b}• applicnble la�v. .�ny notice provided � r
<br /> for in this vlortgage shall be deemed to hace 6een given to Borro«�er �cl�en given in the manner designated herein. � '' �" '
<br /> ,� 15. Unifozm Mortgage; Goveraing Law; Severab�ty. 'Phis form of �nortgage combines unifortn covenants `, ,` �?
<br /> for national use und non-uniform covenants �vith limited �•ariations by jurisdiction to constitute a uniform secu- F; ryqar;.
<br /> � rity inetrument covering real property. This \fortgage shall be governed by the la�v of the jurisdiction in which f' ' ` + � �
<br /> :� the Property is located. In the event that nny provision or clause of this b4ortgage or the Note conflicts with �"""�`
<br /> applicable law, such con8ict shall not affect other provisions of this \Iort�age or the Note which cun be given ` « ��;
<br /> � effect without the conNicting provision, and to this end the provisions of the \Zortgage and the Note sre declsred � " "
<br /> to be severable.
<br /> ; . ; ' �
<br /> 16. Bozzower s Copy. Borrower shall be furnished a conformed copy of this �lortgage at the time of execu- �: � -,- ;-^�u`
<br /> tion or after recordation hereof. ; `; � �TF�;
<br /> 17. Tr�sfer of the Property; Assumption. If all or ony part of the Property or an interest therein is sold t °J � i„;� ,
<br /> or trsnaferred by Borrower without Lender s prior written conaent, excluding (a) the creatio� of a lien or encum- � , ;+�.
<br /> brance subordinate to this blortgage, (b ) the creation of a purehase money security interest for household sppli- ;' ` � � `
<br /> ances, (c) a transfer by devise, descent or by operation of la��• upon the death of n joint tenant or (d) the. grsnt of : - ' � � ��� . r
<br /> any lesaehold interest of three years or less not containing an option to purchuse, Lender may, ut Lender's option, ` ,,;�, '��'^
<br /> declare all the sums secured b this Mort s e to bc iinmediatel due and `'
<br /> Y B B y payable. Lender shall have waived. auch � ; ' hy r y {�„�
<br /> option to accelerate if, prior to the sale or trunsfer, Lender and thc person to whom the Property is to be sold or ku � v '�, �';_-
<br /> transferred reach agreement in writing that the credit of such person is sntisfactory to Lender and thst the interest r , ;. � � "
<br /> payable on the sums secured by this �lortgnge shall Ue at sucl� ratc as Lender shall request. If Lender has waived �' . t`f�`�
<br /> the option to accelerate provi3ed in this paragraph 17 und if Borrower's successor in interest has executed a writ- ? ;� �' •
<br /> ten assumption agreement accepted in writin� by 7.ender, Lender shall release Borrower from sll obligstions under =
<br /> this Mortgage and the Note. � -
<br /> If Lender exercises sucli option to accelerate, Lender sha11 :nail Borrower notice of acceleration in accordsnce '
<br /> with paragraph 14 hereof. Such notice sf�sstl providc a �ieriod of not less than 30 days from the date tl�e notice is �
<br /> mailed within which Borrower may pay the sums declared duc. If Borrower fails to pay such sums prior to the °
<br /> pcpiration of such period, Lender inay, �vitl�out further notice or demand on B'orrower, invoke any remedies per- i
<br /> mitted by paragraph 18 hereof. ,`�
<br /> � . � � . NON-UNIFORM CovExaxxs. Boi•rower and Lender furtl�er covenant and agi•ee as fo]lo�vs : � � �
<br /> 16. Aeeele:ation; Remedies. Except nc pro�•ided in paragrn�iL 17 hereof, upon Borrower'c breach of any �
<br /> covenant or agreement of Borrower in tliis \fort�agc, including tLe covensnts to pay �r•hen due any cums secured
<br /> by- this Jlortgage, Lender �vior to nccelerntion s6a❑ mail noticc to Borro�cer ns ��ro�•ided in puragraph 14 laereof } ;
<br /> specifying: ( 1 ) the breach ; (2) tl�c action required to cw•c such breach ; (3) a datc, not less than Lhirty days
<br /> from the date thc notice is mailed to 13orro�rer, b}• ��-hich �ucL brench must be cw�ed ; and (4 ) that failurc to cure , ,<
<br /> such breach on or before tl�e date specified in tlie notice �uay result in acceleration of tlie su�n. secured by this " �s �'
<br /> i'�Iortgage and sale of the Pmperty. If the breacli is not cured oa or before ti�e date specified in the notice, Lender
<br /> at Lender's option may declnre all of thc sums secured by this �Iortgage to be im�nediately due and payable -
<br /> without Further demand and may foreclose tliis \fortgage by judicial proceeding. Lender shall be entitled to collect ^z't
<br /> in such proceeding n1! expenses of foreclosurc, including, but not limited tq costs of docwnentary evidence,
<br /> abstractsand title reports:
<br /> 19_ Bonoover's Right to Reiastate. \'otw•itlistanding I.ender'� acceleration of the sums secured by this 4 '
<br /> Mortgage, Borrower ahall have the right to have any proceedings hegun by I,ender to enforce thi� �fortgage dis- ;.:
<br /> ,;� continued at any time prior to entry of a judgment entokcing this �iortgage if : ( ul Borro�ver pays I.ender sll ` '
<br /> sums wl�ich wonld be then due under this \Iortgage, tl�c Note nnd notes aecuring F uture Advances, if any, had no
<br /> � accelerstion occurred ; (b) Borrower curea all breaches of any other covrnantc or agreements of Borrower con-
<br /> tained in this Mortgage ; (c) Borrower pays nll reasonuhlc expenses incurreci by Lender in enforcing the covenants
<br /> and agreements of Bortower contained in this \Iortgagc anJ in enforcinK Lender� remedies as �>rovided in pxra- „ a,
<br /> grsph 18 hereof, including, but not ]imited to, reasonable attorney'� fee� ; and Id l Borrower takes such action as r;
<br /> Leades may ressonably ' require to assure thut the lien of this �Iortgage, Lender's intereat in the Property and
<br /> Borrower'e obligation to pay the sums secumd by thi� \fortgage shnll continuc unimpaired. Upon such payment � Y
<br /> aa'd cure by Borrosver, this Mortgage snd the obligationN secured hereb�� sha]l remain in full Force snd effect as if �<�x ,;;;
<br /> :
<br /> no soceIeration had occurred. ,,
<br /> 20_ 1[esigameat of Rsa�; Appointment of Reeeiver, Leader in Possessiom As ndditionnl security here- • •�= "
<br /> under, Borroiver he=e6y aseigns to Lender the rents of fhc Pro ert •. pro�•ided that Borrow•er shall " � "
<br /> . . P 3 , prior to acceler- , ';x' €
<br /> �oa underparagraph 18 henwf or abandawment: af the Prnperty, hnvc the right to collect and retain such rents ,�, ; ` i
<br /> afa
<br /> ` ss �hey becoaiedue 'snd psyable. � � � „ � � ', �.. ,r
<br /> ' Upon• acceleration under paragrsph; 18�hereof or-abandonment of the Yroperty. Lender, in �ierEon, by agent "'�� ;�.
<br /> r :;,
<br /> or,by:jtidiaisl(y appointed receiver ahall be entitled to enter upon , take nossession of and msnage the Property .,;.;,� , x�µ,;;� "''
<br /> ,,,` and to collect the' rents of,the Property, includin� those past due. All rentc coileethvl hy Lender or the receiver
<br /> � shstl be applied:firsttopayme� of the costs of'.management of the Property and collection of rents, including, but
<br /> not limited to, receiver's fees, premiums on rnceiver's Uonda and reasonable xttomey's fees. �xnd then to the sums
<br /> sacured by thie Mortgage. Lender and the rec�iLer shall bc liable to account only for thosc rents actunllq received.
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