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<br />not extend or !aostpone the due date of tfzc monthly iustallnrents referred to in !aaragraphs 1 and S hereof or
<br />change the amount of such installments.
<br />Ifb Borrower Not Released. Extension of the time for pacnzent or modification of amortization of the sums
<br />secured lay-ties lLfortgage granted by Lender is any successor iri interest of Borrower shall not operate to reiesee,
<br />in any manner, Elte liability ;if L4:e original Borrower and I3arrazvm's successors in interest.. Lender shall not- be
<br />required to eottriueneeliroceeditigs against such-successor orsefuse to extend Lima for payment ar otherx-ise modify
<br />amortization of the szinis secured by this _llortgage by reason of any demand made by the original Borrower and
<br />Bfli'roast=,r's sueveesora in interest.
<br />bt ~~;~-~ ~,-d ~-?,~.dn i~3t~'4~n~vgr= any foioaaianeo by I.:,±adAr in cxereising any right or rely -
<br />hereunder; br otherwise afforded by app3ieable laze;-shah riot tae s waiver of or preclude the exercise of any right
<br />or semeily-hereunder. The procurement of insurance. or the payment of taxes or other liens or charges by Lender
<br />shalt not bs a waiesr of Lender's right to accelerate the maturity of the indebtedness secured by this Ivlortgage.
<br />,,,,i 12. Rsr.~bdass'Cu~ti2atav$. ill remediea prac=ided in this Mortgage-are distinct and eumnlative to any other
<br />~ right oi• remedy zlnder-this Mortgage o:• afforded Iay laze ar equity, and-may be exercised concurrently, independ-
<br />~ti,, a-rrtly or successively:
<br />~ IS, Bnc¢essors gad-Assigns Bqund: Toint and.°3averal Liability: Captions. The covenants and agreeinenb,;s
<br />herein vbntained shall bind, and=the rights hereunder slzali-inure io, the respective successors and assigns of Lender
<br />aria HotTawer, eirlajeet to the provisions of paragrapl_ 17 hereof. All covenants and agreements. of Harrower shall
<br />be joint and several. The captions and !readings of the paragraphs of th*.s Mortgage are for com~enience only and
<br />~r are-not to Eie trsett to interpret or define the provisions hereof.
<br />Ig, NoYce. -Any notice to Borrower proz~d,~ci for in this Ztertgage shah be given by mailing such notice by
<br />certified- mail- addressed to Borrower at ttre Property Address staffed hetocv, except. for any notice required under
<br />paragraph 18 hereof to be-given to Borrower in fire manner prescribed by applicahle laze. Ary notice provided
<br />for in this Mortgage shall he deemed to have been given to Borrower when given in the manner designated herein.
<br />15. {3nifozm IKortgt+rge; Governing Law; Severabiiity. This farm of marigage combings unifotxn covenants
<br />for national-use end non-uniform covenants with limited variations by jurisdiction to constitute a uniform secu-
<br />rity instrument covering real property. finis _lfortgage shs!I l;e governed by the law of the jurisdiction in wisich
<br />the Property is located: In the event. that any provision or clause o± this :Mortgage or fhe Note conflicts with
<br />applicahle Iaw, such conflict sha!f not affect. other provisions of this jlartgage or the \Tote which a;an be given
<br />effect without the conflicting provision, and to this end the provisions of the tilortgage and the i~rote are declared
<br />to be severable.
<br />18, R,orrcrwrei a Copy, Borrower shall be furnished a conformed cnpy of this Mortgage at the time of exeen-
<br />tion crafter resordatidn hereof-
<br />ly. Praaefer a# the 3?re~rty; A~rmp'don If all ar any part atone Properly ar an interest therein is sold.
<br />or transferred by Borrower without Lender's , riaa• written consent, exctudirg (aj the creation of a lien ar encum-
<br />brance subordinate to this l+Iortgage, fb) the creation of a purchase money seczrritc interest for hoasehatd appli-
<br />anees, ie) a transfer by devise, descent or by operation of law upon the death of a joint tetrant or (d} the grant of
<br />any le~sehald interest of ttsree years or less not. containing an option to nurch3 e, bender zrzayr at Letrdvr`s option;
<br />declare sli Lhe sums secured by ~ ibfartgage to be imtnediate!r due and payable. Lender shall have waived-snch
<br />option to accelerate if, prior to the sale or transfer, Lender anti the person to whom the Property is to be sold or
<br />trs~zsfarr>_d rexr_.h agt+eement ~ writing that the.eredit of such Iterson is satisfacton= to Lender end that the.intarest
<br />payable on the sums secured by thisltlortgage shall Ize of sueiz rate as Lender slrali request. If Lender has waived
<br />the option to accelerate-provided in this paragraph I' and if Borrower's successor in interest has esevut$d a wr:t-
<br />tear assumption agreerr°x` aeeeptzd in-irriting by-Lender, Lender snail release Borrower from all obiigatiotts larder
<br />this h#ortgage and the Note.
<br />If Lender e,cercises such option to accelerate, Lender shalt rush Borrower notice of acceleration in aceorsiatree
<br />eritdr garsgrapiz 24 hereof. Suctt notice shall provide a period of not less than 3Q days from the date the native is
<br />mailed within which $oraower may pay ttae sums declared due. If Borrower faits i4 pay such sums prior tra the
<br />exlairation of such period, Lender may: ivittraut further notice or demand on Borrower, invoke any remedies per-
<br />mitted by garagcaph 18 hereof.
<br />:4av-t7xr~oxu Caveue*t~. $orrolver and Lender ft.arther covenant and agree ss fallow5:
<br />1@- A~alerat•:aat Rertredies, Except ac prodded in paragraph I i trereof, upon Borrower's breach of am
<br />~v~-Want. ar agreement of Borrower in dais ~forKgsgc. including the cas•enantz to pay when due any sums seeur~l
<br />by this afartgage, i,ender prior to acce!eratiwr hal! nail notSee to.Bcrro:vcr se provided in paragraph 14 hereof
<br />spseifying: ti) the breach; (2> the anion requirezi to bore sash breaeie; tai a date, not less 'than thirty days
<br />Irony tine date fhe notice is mailed to Borrower, 1»- whic!z cooly breach roust be cured; and t41 that failure to cure
<br />c•tzvlz breach on ar before the date specified itt tree notice ursy result in acceleration of the sums secured by this
<br />fartgagr atsd solo ~+f th$ Property. If tl?a br~aeh is neat cured on or before the date specified in tree notice, Lender
<br />ai. Ixnder's option may declatr all of the sums secured by this hlortgsge to lie immediately due and payable
<br />without further demand and may fareelose this \-lartgage tzy judicial proceeding. Lendet slzait he entitled to colkei
<br />irz such proceeding all expenses of farecl~urc, inelu<ling, but not limited to, costs of documentary Evidence,
<br />abstrscUs and true report.
<br />l$, ~`a filgitt to Reia~.state. otnzthstanding Lender's acceleration of the sums secured by this
<br />1~~, rrrrrver shall have :he girt to harp any proceedings laegun by Lender to enforce this. Ziortgage dis-
<br />contititaed s-t gay time priiir tta antrp of a judgment enfol•cing this '~lortgsge if: (s) Borrower pegs Lendei-all
<br />corns which would be then due under this 1'lortgagc, tlac foie and notes securing Future Advsnves, if any, had iro
<br />aeexleratiGn oce;.rrred; (b} Borrower cures all breaches of airy. other vacenants or a#treeti2ents of Borrower vbu-
<br />ta=nom? i;'-i~'t~r-_st'p; Fc? BF~r_=ewer pay= stt re~~?onabi< espen`w:. rne;:~rz;: -hy i_pnder in.enforcing t~ ~~b-~~r#~
<br />gad agents of 33tsrrower vatrtainadm this 3lortgage aml in enforcing Lenders remedies as provided in para-
<br />grsglt IS Irratsf, i~lvdirrg; Iatrt-trot limited to, reasanalzle attorney`s. fees; and'(d3 Borrower takes such action ss
<br />Lendor'rosy reeaaaably require to assure drat ttre.lirt of this'litattgage; Tender's- interest:-in -the Property and
<br />irsrrorrer's okiietitittn to pay t srtsns severed by tlrit~ ~~Iottga~ge shall continue itnimpsirect."T;l?nn .such payment;
<br />snu ooze by:I3orrower, iris iaiort~age and tine- obligsioirs seethed hereby: shall remarn in -full #o=ce and effect as if
<br />tirsa+a_celeratia'l i~d_i~cnx~cl.
<br />1R3, l4~igami-a! of 8ezgts: Apptsanat QI Receiver; I.entier in Pb~essioa, A~ additional severity here-
<br />:tender, Borrri;ver hereby atgsigrrs to I,errder the rents of i!re ProperHy. i,rovidcrl tltai Borrower shall;-prior to arceler-
<br />n under , ar;n aph i>3 he>eef er abanda:::nert of the. P;-alrty, have the nigh+. to collect std-retsinsueh itnts
<br />as~i?rey becam^ due and F~syaSlc.
<br />Upon a^celeratiar: under 1zsaBgeaph I8 hereof or yhandotzment of-the 1'ro{ierty, LendEr,'in person, by agent
<br />or Sy judieinfly appointed receiver shall be entitled to cater tgicsrt,-fake possession of and manage the Property
<br />ear:. to cgliect the re;tts a~f the F'toperty; ineirulir}g_firoae -due. All rents eoliected by Lender or the .receiver
<br />aliall be applicx! first t4 payment cif t6ejcosts o: tnanagemanL csf the,Property end collection of rents, including, but
<br />eat limited. tu, receiver's-fees; premiums on receiver's bonds and reasonable attorney's fees, end thep to the sums
<br />secured by this i4lortgage: Tender and the reeeivee shall to tialale to account only for 'those rents actus!ly received.
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