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L The Mortgagor (s) has obtained consent in writing from the 1 II. The assumption purchaser has approval of the first mortgage obtained by the purchaser; and III. The assumption purchaser or new mortgagor will occupy the covered by this second mortgage. 200200755 Prior to transfer; or a new first mortgage is 4. Should the Mortgagor enter into an agreement to rent or lease the property describeiail above, the Mortgagee shall declare all sums secured by this mortgage to be immediately due and payable. The amount of sum due be the amount as determined in accordance with paragraph 2. E 5. Upon Mortgagor's breach of any covenant or agreement of Mortgagor in this mortgi notice to Mortgagor specifying: (1) the breach; (2) the action required to cure such bres date the notice is mailed Mortgagor, by which such breach must be cured; and (4) the ft specified in the notice shall result in acceleration of the sums secured by this mortgage, the property. This notice shall further inform Mortgagor of the right to reinstate after ac foreclosure proceeding the non- existence of a default or any other defense of Mortgagor is not cured on or before the date specified in the notice, Mortgagee shall declare all of i immediately due and payable without further demand and may foreclose this mortgage. proceeding all expenses of foreclosure including but not limited to, costs of documentar 6. Notwithstanding Mortgagee's acceleration of the sums secured by this mortgage, Mo proceedings begun by Mortgagee to enforce this mortgage discontinued at any time prio mortgage if (a) Mortgagor pays Mortgagee all sums which would be then due under this any other covenants or agreements of Mortgagor contained in this mortgage; and (c) Mo by Mortgagee in enforcing the covenants and agreements of Mortgagor contained in this remedies as provided in paragraph 5 hereof Upon such payment and cure by Mortgagor hereby shall remain in full force and effect as if no acceleration had occurred. ;e, Mortgagee prior to acceleration, shall mail h; (3) a date, not less than 30 days from the ure to cure such breach on or before the date )reclosure by judicial proceedings and sale of elevation and the right to assert in the :o acceleration and foreclosure. If the breach e sums secured by this mortgage to be 4ortgagee shall be entitled to collect in such evidence, abstracts and title reports. .gagor shall have the right to have any to entry of a judgment enforcing this aortgage; (b) Mortgagor cures all breaches of :gagor pays all reasonable expenses incurred nortgage and in enforcing Mortgagee's this mortgage and the obligations secured 7. Upon acceleration under paragraph 5 hereof or abandonment of the property, and at ! y time prior to the expiration of any period of redemption following foreclosure sale, Mortgagee shall be entitled, to the extent provided by applicable law, to have a receiver appointed by the court to enter upon, take possession of and manage the property and to collect the rents of the property including those past due. All rents collected by the receiver shall be applied fast to payment of the costs of management of the property and collection of rents, including, but not limited to, receiver's fees and premium on receiver s bonds, and then to the sums secured by this .mortgage. The receiver shall be liable to account only for those rents actually received. S. Any forbearance by Mortgagee in exercising any right or remedy hereunder, or othe4se afforded by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy. The procurement of insu anee of the payment of taxes or other liens or charges by Mortgagee shall not be a waiver of Mortgagee's right to accelerate the maturil of the indebtedness secured by this mortgage. 9. All remedies provided in this mortgage are distinct and cumulative to any other right dr remedy under this mortgage or afforded by taw or equity, and may be exercised concurrently, independently or successively. i 10. The covenants and agreements herein contained shall bind, and the right hereunder s all inure to, the respective successors and assigns of Mortgagee and Mortgagor shall be joint and several, presentment, notice of s honor, and protest are hereby waived by all makers, sureties, guarantors, and endorsers, hereof. I 1. Except for any notice required under applicable law to be given in another manner, O any notice to Mortgagor provided for in this mortgage shall be given by mailing such notice by certified mail addressed to Mortga Y.or at the property Address or at such other address as Mortgagor may designate by notice to Mortgagee as provided herein, and (b) a ly notice to Mortgagee shall be given by certified mail, return receipt requested to Mortgagee's address stated herein or to such oth tr address as Mortgagee may designate by notice to Mortgagor as provided herein. Any notice provided for in this mortgage shall bt deemed to have been given to Mortgagor or Mortgagee when given in the manner designated herein.