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<br />not extend or post.p5ne the due date of the rnanthtp in;italtmcnt* rcforred to in paragraphs I and 2 hereof ar
<br />change t-he amount of such installments.
<br />Ifl. Borrower Not Released. Extension of the time for payment or modification o£ amortization of the sums
<br />secured by this lortgage granted by Leader to any successar in interest. of Borrower shalt not operate to release,
<br />in any tnantter,-the liabilit-y of the original Borrawer and fiorrote-e;'~: successor. in interest. Lender shall net be
<br />required tir commence-proceedings against. such successar ar refuse to extend time for payment or otherwise modify
<br />amortization of the sums secured by this 1lartgage Ity reason of any demand made by the original Borrower and
<br />Barrawer's successors in interest.
<br />ii. wpv: wur:aucro ciY" inuuv: is.3t u u',rcr ,'si2"' farb2ara n~ t"• IEru',.Cr .., ,...L,..,~mg any P.g°ii$ ^" clucuy
<br />herCUli(ICr_ ar atherwlSe Afforded by 3ppliC6ble {S)C, 8[ta(1 nGt h2 :i ;5'al:'er 6t 0[ prCClllde the CxerClEe 6f any fl~ht
<br />or remesy hereunder. The procurement of insurance ar the payment of taxes or other liens or charges by Lender
<br />shall. not be a waiver of Lender's right to seeelerate the maturity of the indebtedness secured by this ?4fortgage.
<br />IZ..Remedies Cumulative. All- remedies provided in this \Sortgage are distinct and cumulative to any other
<br />right or iemedy under Phis llartgage ar afforde<t 'ry lap- or c~ctuits•, and may 1)e exercised concurrentIy, independ-
<br />enf•Ig= or successively.
<br />13, Siuaessors ~d Assigns Ballad; Joint amd Several Iaa3ilityr Captions. The covenants and agreements
<br />tiareiaetrntaiued shall bind; and the rights hereunder shall inure to, the respective successors and assigns of Lender
<br />and Harrower, subject to the provisions of paragraph 17 hereof. Att covenants and agreements of Borrower shall
<br />be joint and several The captions and headings of 'the paragraphs of f his Mortgage are for canc•enience only and
<br />are not to ~ used to interpret or define the provisions hereof. v
<br />l4. Notice. Any notice to Borrower provided tar in this \Iartgage shall be given by mailing such notice by
<br />certified lrtail addressed t.o Borrower at thc• Property Address stated belarv, except for any notice required under
<br />paragraph IS hereof to he payee to Borrower in the manner prescribed be applicable law. Any notice provided
<br />far ir, this 3lartgage shall be deemed to pace been given to Bara;cer :vL-cn „iven in rite manner designated herein.
<br />15, Uniform Mortgage: C`aaverniag Law; Severahility. This loser o£ mortgage combines uniform covenants
<br />for national ice and non-uniform covenants with limited variations by jurisdiction to constitute a uniform secu-
<br />rity instrument covering real property. This Mortgage shaft be governed by the lars• of the jurisdiction in which
<br />the Property is located. In the event that any provision qr clause of this Mortgage or the Note conflicts with
<br />applicable law, such conflict shall not affect other j)rovisions of this Mortgage ar the :4ote wLiieh can be given
<br />effect without the oanflicting provision, and to this end the provisions of the lfartgage and the Note are declares
<br />to be ~verable.
<br />38. Barzawar's Copy. Borrower shalt he furnished a conformed copy of this llartgage at the time of execu-
<br />tion ar after recordation hereof.
<br />17. Traasstez of the Property; Assumption. if all ar any Hart of the Property or an interest therein is sold
<br />or trans#erred by Harrower without Lenders prior written consent. excluding jai the creation of a lien or enetrm-
<br />branee subordinate to this ?vlGrtgage, jbl the creation Gi a purchase money security interest #or household appli-
<br />ances, {c) a transfer by devise, descen± or by operation of let:- upon the death of a joint tenant or (d) the grant of
<br />any leasehols interest of three years ar less not containing an opiion to purchase, Lender may. at Lender's ogtian;
<br />declare ati the sums secured by this Alortggge to he. itn:netliateh- clue and payable. Lender shall have waived such
<br />aptian to accelerate if, prsor to the sale or Transfer, Lender and the pel~an to whom the Property is to be satd ar
<br />transfe,~ed reacl< agreement in writing that the credit of such gersoa is satisfactory to Lender and that the interest
<br />payable on the sums secured by this :Mortgage shall be at se:ch rate as Lender shall request. If Lender tics waived
<br />the option io accelerate provised in this paragraph 17 and if Borrower's successor in interesi has executed a wzii-
<br />ten assumption agreement accepted in writing by Lender, Lender shall release Borrawer fmm alt obligations under
<br />this i~iartgsge and the I~Tote.
<br />If Lender exercises such option to accelerate, Lender sfiall mail Borrower notice of acceleration in accordance
<br />with paragraph 14 hereof. Such notice shall provide a period of r,ot less than 3t} days from the dale the natiee is
<br />marled within which Borrower may pay the sums declared due. if Borrower fails to pay such sums prior tv the
<br />expiration of sucfi perm, Lender may. ccitirout tt"urther notice or demand on Borrower, invoke auy remedies per-
<br />mitted by paragraph i8 hereof.
<br />:fax-L?~tTaoa~t ~at~xat.°rs. Borrawer and I~nder further covenant and agree as follows:
<br />19. Accelerations Remedies. Except as provided in paragraph 1" hereof, upon Borrower`s breach of any
<br />covenant or agreement of Borrower in this Mortgage. including the covenants to ltay when due any sums secured
<br />by this lortgage, Lender prior tG acceleratia.t shall m.iil natiee to Borrawer as lrovided i ; parngraph l~ hereof
<br />specifying: 11) the breach; t2) the act-ion required to cure sue}! breach; (31 a date, rot~tess than thirty days
<br />from the date the notice is mailed to Borrower, by n-l;ich suci~ breach roust he cu:•ed; anct i41 that failure to cure
<br />such breach on or before rise date specified in the notice may result in acceleration o[ the sums secured by this
<br />;Mortgage and sale of the Property. If the breartt is eat cured o:; or before the date specified in the notice, Lender
<br />at Lender's option play declam all of the sums secured !ry this Mortgage to tre immediately due and payable
<br />without fuivher demand and ;nay £areclose tills ~tartgage try judicial proceeding. Lender shAtl be entitle€# to collect
<br />in such proceeding all expenses of fareetosurc. inetu<ting. hrrt eat limited ta, casts of doculreatarv eviu'enee,
<br />abstracts and title reports.
<br />39. Borrower's Right to ReiEtstate. iiotwithstan=fing Lender`; acceleration of the sums secured by this
<br />Irfartgage, Borriireer shalt have the right to have auy Proceedings begun by Fender to cnfarce this :!I'artgage dis-
<br />eontirived at any-time prior to entry a€ a judgt+.rent cnfo;rins; this 3lartgage if: {ai Borrower pays Lender all
<br />sums avttir-liwauld t~ then due under this ~ro_*tgag:, the I~ot,• nd Hates szcuring Futurr Advanvec; if any, had na
<br />acctteratian occurred.; (b) Borrower cure, all breaches of any other covenants or agreements of Borrower con-
<br />twined in thie ~iartgane; (e) Borrawer pays alt ressonablc expenses incurred b_r- Lender in enforcing the covenants
<br />and agreemeti#.s a€ BgrroQer contained in-this 1,€ortgare and in enforcing Lender's remedies as provided in para-
<br />graph It; h~rea#, inclgding; but eat Limited to, rnasanable attorney's fees: and fd) Borrower takes such action as
<br />Raider may reaaonslaip retluire to assure that the lien of this 3ortgage, Lender's interest in the Pioperty and
<br />Baasa~r's obtigatios_to gay-tee sums seamed-oy this ~ioetgage sha[i continue unimpaired. Upon such-papmeat
<br />"byl~arza,_nr_t;ris Ivlvrtgage and the obligations secured hereby shalt-remain in felt force and effect as if
<br />Hai aacelerstias tied accursed.
<br />2v`. a Tiaa~~. Fipptouitameaaf of Receiver- ien$i?<r is P~essioa- As ndditiorial security here-`
<br />under, Barrrrwei herevT sea to I:ender_Lhe rents of-the Property. pro~~idecl that Barrowei• shall; Briar to scceler-
<br />ation untiei }iaragzaph 1$ hzseof or abandisnment of the Prapert}i, have the right to collect and retain such rents.
<br />sic they 6eeaaie due and payable.
<br />Llpoit aelerstirn under pa_*egrapts I$ harersf-or atJandgntnent of i!ie Property, -Lender; in person, by agent
<br />or by judicially appuintsd receiver shall be entitled to enter upon, take paaaession of -and n}anage the PrGpert_v
<br />and to collect the rents of the Fraperty,srtcluditrg those past due. _Ail- rents coliectecl by Lender ar the receiver
<br />shalt be applied first to payment. of the-casts of sranagement of the Property and coitection of rent,, including, but
<br />eat limited to, receiver's fees, premiums on receiver; bonds and reasonable attorney's fees. and then to the sums
<br />secured by this i4fortgage. Lender and the receiver shall be liable to account only for those rents actually received.
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