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<br /> ` not extend or postpone the due dute of the mont6ly i �stalhnents referred to in paragraphs 1 and 2 hereof or
<br /> � change' the amount oF such inatailments:
<br /> ; i0. Bonower Nof Released. �xtension of the time for ��ayment or modification of amortization of the suma 2
<br /> `I eeeured, by this vlortgage grssntecl. Uy Lender to any successor in inierest oi Borrower shull not .operate to release, � . ��"
<br /> m any'<inanner; 'the lisbility of tlie original Borrower and Bor�rower's successors in interest. Lender shall 'not be ` � f " '
<br /> reqi�ieedto commence prooeedings ngain§t sucli successor or refuse to extend time for payment or otherwise modify � �,, r �;
<br /> � amortiaation of the sums secured by this \iortgage by reaso�i ot uiiy demand made by the original Borrower and 'r � ` , y � t�'�"�;
<br /> . � Boaower's auadessors in interest. , y ,
<br /> ,, a lI: Fozbe�smce by' Lendez Not a Waiver. Any forbearance by Lender in exerciaing any right or remedy � ; <'_ , � ,!� tr �
<br /> � - hereunder, or otherwise afforded by applicable la�v, shall not be a wsiver of or preclude the exercise of any right �,� ' , ,.,'`
<br /> Lt� or remedy hereunder. The procurement of insurance or the payment of tnxes or other liens or charges by Lender E 5 r'�
<br /> ` } 1t"J shall not be a"waiver of Lender's right to accelernte the maturity of the indebtedness secured by thie Mortgage. , s t
<br /> [ � I ' 12. Remedies Cuaiulative. All 'remedies provided in tLis \4ortgage are distinct and cumulative to any other y= "'
<br /> C� •: right orremedy, under this \Iortgage or afforded by la��� or cquit.y, snd may be exercised concurrently, independ- f�. t
<br /> �.• ently or successively. �, r
<br /> : + �7 13. Suceessora �d Assigns Bound; Joiat �d Sevezal Liebility; Captions, The covennnts and agreements ' '
<br /> � � herein contained shall bind, and the rights l�ereunder shall inure to, thc respective successors and assigns of Lender x , (,
<br /> �, and Borrower, subject to the provisions of bnragraph 17 1�ereof. All covenants and agrecments of Borrower shall �
<br /> `1 � be jointand several. The captions and headings of the paragraphs of tbis ]fortgage a.re for convenience onty snd } ` k ';
<br /> , � are not to be used to interpret or define tl�e provisions hereof. r " ` e
<br /> !' #
<br /> 14. No6ee. Any notice to Borron•er pro�-ided for in this �Iortgage .hal ! be gi�•en by mailing such notice by x ,
<br /> eertified inail addressed to Borro�ver at t6e Pro��erty Address stated belo��•, except for any notice required under € " �
<br /> ; j ' paragraph 18l�ereof to be given to Borrou•er in the �na�ner prescribed by applicnble Iaw. Any notice provided �' - '� i
<br /> , ,� for in this 1�Iortgage chsll be deemed to havc becn gii•en to Borroa•er when given in the manner designated herein. � ' " "'��"%
<br /> ' 15. Uaifonn Mortgage; Governiag Law; Severability. 'fhis [orn� of mortgage combines unifocm covenants �` " ` h
<br /> ., ':� ,.. : 5f. �� � �y�a
<br /> for national use and non-uniform covenants with limited ��ariations by jurisdiction to constitute a uniform aecu-
<br /> rit instrument coverin real n` k z7 �„f=;
<br /> Y' g property. This \iort�age shall bc governed by the la«• of the jurisdiction in whic h � m �
<br /> ' � the Property is located. In the event that any provision or cl�,use of this \4ortgage or the Note conAicts with ` . r � 1 z��:
<br /> applicable law, such conflict shall not affect oti�er provisions of this \fortgsge or the Note which can be given � � �g;
<br /> eflect without the conflicting provision, and to this end the provisions of the �lortgage and the Note are declared � � � ��� �
<br /> to be severable. � � �,z��Y
<br /> 16. Bozrowei s Copy. Borrower sha11 be furnished a conformed copy of this �4ortgage at the time of execu- ` ay `��„�"
<br /> tion or after recordation liereof. � � �'�j>;
<br /> 17. Tranater of the Property; Assumption. If all or any part of the Property or an interest therein is aold � r } `' °� ��"�
<br /> or transferred by Borrower �vithout Lender's prior written consent , excluding (a ) the creation of a lien or encum- � . +` , r` �*r�', �.
<br /> � brance subordinate to this blortgage, ( b) the creation of ri purchase money security interest for household appli- s .'' , � ;r +s�`
<br /> ances, (c) a transfer by devise, descent or by operation of la�v upon the death of u joint tenant or (d) the, grant of � ` ' . ,��_ �.`���� �.
<br /> fany leasehold interest of three years or less not containing an option to purchase, Lender may. at Lender's option r �+ �^'^�a
<br /> dealare sll the sums secvred by this Vlortgage to be iuunediately due snd paysble. Lender shall have waived such � _ �_ " `* 3 <�s.,�� "� '
<br /> o tion to accelerate iF } a , v � * �' t
<br /> P , prior to the sale or trnnsfer, Lender aud tl�e person to whom the Property is to be sold or � , ��-����
<br /> tranaferred reach agreement in writing tliat the credit of such person is satisfactory to Lender and that the interest ( ' ,� �����t"�
<br /> paysble 'on the sums seeured by this NIortgage shall be at such ratc as I.ender shull request. If Lender has waived � ' �
<br /> tbe option to accelerate provided in this paragraph 17 and if Borrower's successor in interest has executed a writ- , ' ' �;;��`� '
<br /> ten assumption agreement accepted in �vriting by 7.ender, Lender shal! release Borrower from all obligations under t
<br /> thiaMortgage and the Note. t .
<br /> If L.ender exercises sucl� option to accelerate, Lender shall :nail Borrower notice of acceleration in sccordance � � '
<br /> �vith parsgraph 14 hereof. Such notice shall provide a period of not less tl�an 30 days from thc dute the notice is �
<br /> mailed within which Borrower may pay the sums declared due. If Borrow�er fnils to �a �uch sums ' z
<br /> i Y � prior to the , .,�
<br /> expiration of such period, Lender may, �vithout further notice or demand on Bbrrower, invoke any remedies per- € •
<br /> mitted bp paragraph 18 hereof. � { _
<br /> � � . > v.; u� r,���.
<br /> Nox-UxcFoxaz CovsxwxTs. Borro�ver and Lender further covenant and agree as follo�vs : "� , ,�;;
<br /> 18. Aeeeletation; 8emedies. Except uc pro�•ided in puragra�ili 17 hereof, upon Borrower's breacli of any j t '
<br /> covenant or agreement of Borro�ccr in this �fortgngc, including tLc .cavenants to pay when due uny snms secured ` ` " �
<br /> 4' ii�.
<br /> by this :�4ortgage, Lender prior to acceleration shull muil notice to• Borro���er ss ��rovided in parsgraph 14 Itereof � «�
<br /> specifying: ( 1 ) 'the breach ; (2) the netion required to cui•c such brencli ; (3 ) s datc, not less tlian thirty days �- '`�.
<br /> from the date thc noticc is uiniled to Borro�vcr. b�• ��-I�icL .uch brc?cl� iqust bc cured ; ,ancl f4 ) thnt. tailurc to cure ,�> <
<br /> such bresch on or before tlie date specified in the noticc �nuy result in ucceleration of the sume secured by this J � x �`'
<br /> D�Iortgage and sale of the Property. If the breach is not cured on or before the date specified in tlie notice, Lender �`
<br /> at Lender's option inay cleclare n11 of the sums secured by this \Iortgage to Ire immediately due und payable �`
<br /> without further demand and may forertose tl�is \4ortgage by judiciul proceeding. Lender shall be entitled to collect , ?
<br /> in auch proceeding all expenses of foreclosurc , incluciing, hut not limited to, costs of documentary evidence, �,
<br /> �"' abstraots and title reports. ,, .
<br /> 19. Borrowei's Right to Reiastate. �votwithstanding I.ender's ncceleration of the sums secured by this ; ; ,.
<br /> , Mortgage, Barrower shaII have the right to have any proceeding; }�egun by I,encicr to enforce this �iortgnge dis- x`
<br /> "= coatinued at ,any time prior to entry of a judgment enfoTcing this �iortgage if: (a) Borrou•er pays Lender aA `� e��
<br /> � sums whieh would be then due under this Jiortgage, the Note and notes securing Future Advances, if any, had no ��
<br /> scceleration occurred ; (b) Borrower cures all breacl�es of an}• other co�•enants or :sgmements of Borrower con- ��'
<br /> taiaed in this Mortgage; (c) Borzower pays all ressonablc expenses incurred by Lender Sn enforcing the covenanta r;
<br /> , � and agrec�aienf,s of 'Borrower contained in thie Mortgn�;e and in cnforcing I.endcr's rcineclies as pro�•ided in para- �
<br /> grsph 18 i;ereof, including, but notlimited to, reasonable attorney 's feee ; and �d ) Borrower takes such action as '�
<br /> rI.endee rosy reseonsbly require to asaure t.hat the lien of this \iortgagc, Lender'� interest in tlie Property and , ts �'
<br /> � , � ,
<br /> Borrowei's:obligatioa tu pny the suma seoured by this �fortgage �hxll continue unimraire�l. I?Pon such payment '� " ""f z���
<br /> and cure .by,Bortowes, thia Mortgage-sad the obligations secured hereby shaA re�nain in full force and effect as if �'�'
<br /> " �:
<br /> no acceleration had occurred. _ >�
<br /> 20 A'+atgism�nt of R�ata Appoantmeat;.of Reaeivez; 3,ender in Possession. As additional security here- � �;�
<br /> utider, Boriowerhereby aseigdffto` Lpriderthe rents of fhe Property, providedth'af Borrower shall;prior to ucceler-
<br /> s�ion sui8 ' �sragratph 18 hereof ur sbandenment of the Property, hav� the right ;to collect and retain such rents !' F i 5A
<br /> aa`�ey�e due-sad paysUle ' , ., -. „ � � ,� ,�
<br /> r, , LTpoa�acceleration undec paragispli 1$ hereoi or' sfianrFonment of the Yroperty, I,ender, in person, by agent �� " ' "'
<br /> ar'i�3+�7!�'i4i�Iy, sppoin� �receive�ts�s}t. }i�,entitled tb enter upon, take possecsion of and �nsnage the Property '`""�� '
<br /> , sq$ •to.-Col�ect„tlte. renLe- ol. Lhe.Pnoper6yy�•iaeludingrthosepast : due: All : rents collected ;by Lender or the receiver
<br /> `aka31 be aP7phed,first,.to.payment_of.,the coets„o# management of the Yroperty and collection of rents, including, but
<br /> aot ]�mated .{o, receiver's .fees, premiums on receiver's bonds snd reasonable uttorney's feee, nnd then to the sums
<br /> secured.liy thie.lKortgsge. T,ender and the zeeeiver aliall be liable to account onlv for those renis actunlly received.
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