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<br /> �� „ not extend or ��ostpone the ,due datc of tlie inonthly instnllments refcrred to in pursgraphs 1 und 2 hereof or
<br /> ohangethe amonnt of such installments.
<br /> � 30. Honower Not Released. -Extension of the time for �irsyment or modificstion of amortizstion of the surns ' ' � _ �`."
<br /> ^ f - seaured by this�;3l�Iortgage grunted °by I.ender to uny successor in interest of Borrower ahnll not operate to relesse, Y-' '' : ;:' ,, C,
<br /> �,� I` m a�y manner, the Iiability of !he originsl Bonower and Borrower's successors in interest. I.ender shall not be � �' , ; �" ' `
<br /> ` C12 required;to commence proceedings against sucl: successor or retuse to extend time for payment or otherwise modify ;�.
<br /> ;,' , : T^i amortiaation of the sums secured by t6is �Iortgage by reason of any demand �nade by the original Bonower snd :'
<br /> t+'3 Borrower's euccessors in interest. 2
<br /> `O u 11. Forba�bnee by Lender Not a"Wmvea Any forbeurance by Lender in exercising any right or remedy
<br /> � `hereunder, or otherwiae afforded by upplicuble la«•, shall not be ss wai-rer of or preclude the exerciae of nny right �. -
<br /> r � or remedy hereunder. Tl�e p;ocurement of insurance or the payment of taxes or other liens or chsrges by Lender ;' `
<br /> � shall not be 'a wsiver of Lende;'s right to accelerate the maturity of the indebtedness secured by this Mortgsge_ ,�
<br /> �, ; � 12.'$omediea Cumulative. Al2 remedies provided in this \�ortga�e nre distinct and cumulativa to any other � ' � '
<br /> right or remedy tinder this .lIortgage or afforded by la��• or equicy, and mav bc exercised concurrently, independ- �'
<br /> ently or succeasively. ,�
<br /> 13. Successors �d Assigas Bound; Joiat �d Several Liability; Captions. The cocennnts and agreements F
<br /> herein contnined shall 'bind, and the rights l�ereunder shuil inure to, the respective successors and assigns of Lender
<br /> and Borrower, subject to the provisions of pac3graph 17 hereof. All co��enantc ;�nd agreements of Borrawer shatI r
<br /> be joint':and several. The captions and lieadings of the paragraplis of this \iortgxge nre for convenience only snd � �
<br /> � � are not to be used to interpret or define the proqisions hereof. 6"
<br /> 14. Notice. Any notice fo Borro�eer provided for in thi� �lortgage shal ! be gi�•en by mailing such notice by �'
<br /> certifred mail addressed to Borrower at tl�e Property :lddress stated belo«�, except for uny notice required under '�
<br /> , �� � � � paragraph� 18 hereof to be given to Borro«•er in thc manner �irescribed b}• a�i�ilicable Inw. Any notice �provided � '
<br /> a for in tlus \Iortgsge shall be deemed to have been given to BorroK-er �chen given in the manner desi�nated herein_ j"
<br /> 15. Uailo� Mortgage; Governing Law; Severability. This form of inortgnge cambines uniform covenants ' `"
<br /> t :� for national use and non-uniform covenants with limited ��ariations by j urisdiction to constitute u uniform secu- f ;; , ?
<br /> � rity instrument covering reul property. This \Iortgage shall bc governe3 by the law of the jurisdiction in which ; ' �.;
<br /> the Property is located. In the event that any provision or clause of this �fortgage or the Note conflicta with , ' �
<br /> applicable law, such conflict shall not nffect other provisions of this \Iortgsge or the Note which can be given � "�? `z •
<br /> ' � effect without the conflictin � � r
<br /> g provision, and to this end the provisions of the \fortgage and the Note are declared <�
<br /> to be severable. � ; ' r S�;
<br /> 16. Bocrowez e Copy. Borro�ver shall be furnished a conformed copy of this Jlortgage at the time of execu- ;r �r � x,;
<br /> ' ' tion or after recordation hereof. �: , tr � y
<br /> 17. Transfer of the Pzoperty; Assumption. If all or any part of the Property or an interest therein is sold n - aW
<br /> or transferred by Borrower without Lender's prior written consent, excluding (n) the crention of a lien or encum- u , ; Y� ,y��
<br /> < -a j��
<br /> brance subordinate to this Mortgage, (b) the creation of a purchase tnoney security interest for I�ousehold appli- � ' , r -„ n �rY
<br /> ances; (c) a transfer by devise, descent or by operation of la«• upon the death of a joint tenant or (d ) the, grant of ` w �
<br /> anyleasehold interest of three years or less not containing un option to purchuse, Lender may, at Lender's option, � , �"' � "" �% ,�
<br /> declare all the sums secured by this Mortgage to be i�mnediately due and payable. Lender shall have waived such p � � ��;:
<br /> option to accelerate if, prior to tl�e sale or transfer, Lender and the person to �vhom the Property is to be sold or � ' ��' �'�''
<br /> Lransferred ieach agreement in �vriting tirst tLe credit of sucli person is satisfactory to Lender and that the interest i .' � r l�h #�
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<br /> payabie'on the sums secured by this viortgage shall Ue at such rate as Lender shall request. If Lender has woived � � ,
<br /> the option to accelerate pmvi3ed in this paragraph 17 and if Borrower's successor in interest has executed a writ- h , :"
<br /> ten assumption agreement uccepted in �vriting by Lender, Lender shall release Borrower from all obligations under k
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<br /> this Mortgage and the Note. , ,.
<br /> If Lender exercises snch option to accelerate, Lender shssll �nail Borrower notice of acceleration in accordance � ,
<br /> tivith paragraph 14 hereof. Sucl� notice shall provide a periocl of not less than 30 days from the date the notice is
<br /> mailed within which Borrower ma
<br /> y pay the sums declared due. If Borrower fails to �ay such sums prior to the �
<br /> expiration of such period, Lender inay, «�ithout furtlier notice or demand on B'orrower, invoke sny remedies per- ^ t� t;;:,
<br /> mitted by' paragrapfi 18 hereof. �" ' ` % t :
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<br /> Nox-UxiFORM CovExwxTs. Borro�veG• and Lendei• fnrther covenant aud agree as follo�vs : , '.
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<br /> � 18. Acceleratioa; •Remedies. Except as pro�•ided in �wragriyib 17 hereof, upon Borrower's breach of any
<br /> '; covenant or agreement of Borro«�er in tliis �Iortgnge, induding tl�c covenants fo �iav when due any sums secured t
<br /> by. this Dfortgage, Lender prior to accclemtion shall mail notice to Borro�ver as pro�•ided in puragrapli 14 I�ereof
<br /> Bpecifying: (1 ) the breach ; (2) tise nction reryuired to cm•c .uch breac6 ; (3) a date, not less thun thirty days � y '.
<br /> � from the date the notice is uiailed to IIorro«-cr, by ��•hicli r'url� l>rcach inust bC cured ; and (4 ) that failurc to cure a ` ..1�'<-
<br /> �' such bteach on or before the dste specified in tlie notice muy result in acceleration of the sums secured by this � �
<br /> ' '� Mortgage snd sale of the Property. If the breach is not cured on or before the datc specificd in tl�c notice, Lender
<br /> .-# st Lender's option �nay dcelare ali of the su�ns secured Uy tl�is �lortgagc to be immediately due and payable
<br /> �- without further demand and may foreclose tl�is �Sortgage by judicial proceeding. Lender sLall be entitled to collect
<br /> e in such proceeding all expenses oF foreclosurc, inclu�ling, but not limited to, cosfs of docwnentary evidence, +�
<br /> '.s� abstracts and title reports. 4 ' '
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<br /> ' 19. Borrowoza Right to Reiastate. NotwiU»tnnding Lender's ucceleration of the sums secured by this r =�';
<br /> e, Mortgage,'Borrower shall have the right to have . any proceecling, begun by Lendcr to enforcc this Mortgage dis- ` �
<br /> continued st any time prior to entry of a judgment enfa�cing this 1lortgage if : ( a ) Borrower pays Lender all 1 . >� ;�
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<br /> �:1 sums which would:be then duevnder this 1Tortgsge, thc Note and notes securing Futurc Advances, if any, fiad no ' � "'
<br /> secelerstion occurred ; (b) Borrower cures all breaches of any other co>•enants or agreements of Borrower con-
<br /> `'" tained in tivs Mortgage; {c) Borrower pays all reasonablc espcnses incurml b�• I.ender in enforcing the co�•enants � `
<br /> ; snd agreements ofBorrower contained in this viortgnge snd in enforcing Lendcr's remedies as provided in pars-
<br /> grapH, 18 hereof; including, but not limited to, reasonable atiorney� fees ; nnd Id ) Borrower takes auch action as � � w��
<br /> ` � ��ender inay �ressoasbly require to�� asaure � that the lien� of �this Jlortgngc. I,ender's ' interest in the Property ancl � � � � �4�
<br /> Borrbwer's obligaiaon to pay the sums aecured by thia ��iortgage shall continue unimpaired. Z3pon such payment ��� �!
<br /> andcure byBorrawer, this -Mortgage and the obligations secumd hereby shall remain in full force and effect as if „�j
<br /> ' ao aocelerataoa had occurred. , r;�
<br /> ` 40 Xsdgamrat of H�dfa A�aomt�ent: of Receivar. Lendar ia Posseasioa. As additional security here- �, x {
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<br /> rittder, 8or;ower �ete�q, asa�gas to7jepder t7�e renta of «he 1'roperty. proyided Ehat $orrower shali, prior to acceler- �,.� r��
<br /> staoa�erparu�'c•d`ph 18�Y reo3' or sbandonuient of the Property, havc' the rigfit to collect and retain such ' rents
<br /> gid th become �3u+e ancl ' ` able ' ' ��� „
<br /> > , . :: LT'poa�soc!el'eratioaunder paragrsp� IS hereof' or :ahandonment of the Yroperty, I.ender, in person , bp agent "^'' �
<br /> „ �' or,b�* �ldic�Ally appointed receiver„=sTi�11 }ie entitl�d t'o e»ter `np'on, fake Po.csession of and �nanaRe the Property
<br /> and to� co�iecb t3�e .reat� oP�the��Property� ,inaluding 'those past 'due. All xents- collectecl by Lender or the receiver
<br /> s3�a11 be;applied�sst to payirieat af .the costs o£ msnagemenL of tl�e Property and collection of rents, including, but
<br /> `+, not ]�mited to, receiver's fees, premiuma on receiver's �onds and masonable attorney's fees. and then to the sums
<br />� ' � secured by thie Mortgage. Lender and' �he receiti•er sl�ult be liutile to accomrt oal}• for tLosc r�uf,s aclually received . �
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