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rat extend ar t*ostpane the due date of the monthly inetiihnenka refet•red to in paragraphs t and `3 hereof or
<br />change the amount. of such installments.
<br />If1. Bozravrer Alat Released. Extension of the time for payment. m• modiPicat ion of amortization of the sums
<br />secured by this ~Iartgage granted Ity I:ender to any successor iu interest of Borrawer shall not: operate to release,
<br />in any ntantter, 'the liability of the original Borrower and .Borrower's successors in interest.. Lender shall not be
<br />required to commence proceedings against such successor or refuse to extend time for payment or otherwise modify
<br />amortization ot" the sums secured by this \iortgage by reason of am• demand trade by the original Borrower and
<br />Borrower's successors in interest.
<br />11. Forbearance by Lender Hot a Waives Any forbearance by Lender in exercising any right or remedy
<br />hereunder, ar other ise ac~arded t;y applicat;Ie lacy, shall not he a waiver of or preclucte ire exercise of any right
<br />y± or remedy hereunder. The procurement of insurance or the payment of taxes or other liens or charges by Lender
<br />} shall not- L+e a waiver of Lender's right to accelerate the maturity of the indebtedness secured by this I~Iortgage.
<br />1$. Remedios Ctamulative. Att remedies provided in this \-iortgage are distinct and cumulative to any other
<br />right or remedy under this \•iortgage ar afforded try lac. or equity, and may t;e exercised eoncurrentiy, independ-
<br />entry or suecessivety.
<br />13. Successors sad Assigns Hotrod; Joint std Several Liability; Captions, The covenants and agreements
<br />herein contained shall bind, and the rights hereunder aitall inure to, the respective successors and assigns of Lender
<br />and Borrower, subject to the provisions o€ paragraph 17 hereof.:>Lt1 covenants and agreements of Borrower shall
<br />bo joint and several The captions and headings of the paragraphs of this Mortgage are for can:•enienee only and
<br />~ are rat to be used to interpret or define the provisions hereof.
<br />14. Idofi~.e. Any notice to Borrawer provided for ;n this .tartgage sitali be I,~icen 6v trailing such notice by
<br />certified trail addressed io Borrower at ti:e Property Addeess stated hetoty, except fur env notice required under
<br />paragraph I8 hereof to be given to Borrower i^ the manner prescribed by applicable law. Any notice provided
<br />for inthis Mortgage shall he deemed to have been given to Borroter tt-hen given in the manner designated herein.
<br />13. Uniform Mortgage; Gaverniag law; Severability. 'i'bis fora; of mortgage combines uniform covenants
<br />;`or national use and von-uniform covenants 3vith limited variations by iurisdiction to constitute a uniform secu-
<br />rity instrument covering real property. This \Im•tgage shalt fre gacertted irv the }atc• of the jurisdiction in which
<br />the Property is located. In the ere:at that any provision ar clause of this .iortgage or the Note conflicts with
<br />applicable Iaa•, such conflict shall not affect oilier provisions of this \iortgage or the Nate which can be given
<br />effect without the conRicting provision, and to this end the provisions of the ~for'rgage and Ll?e hTOte are de,;lared
<br />tc+ be severable.
<br />16. Bonovner's Copy. Borrower shall he furnished a conformed cony of this Mortgage ai ire time of execu-
<br />tion or after recordation hereof.
<br />l7. 'framsfar of the Property: Assumption. If all or any part of the Property or an interest therein is sold
<br />ar transferred by Borrower without Lender's prior written consent, excluding (a) the creation of a lien or encum-
<br />brance subordinate to this iortgage, (b) the creation of a purchase money security interest for household sppIi-
<br />ances, t,c) a transfer 6}• devise, descent or by operation of law upon the death of a joint tenant or (d) the grant of
<br />any leasehold interest of three years or less not containing an option fo purchase, Lender may, at Lender's option;
<br />declare all the sums secured by this Mortgage to tre immediately due snci Irayable- Lender shall have waived such
<br />option to accelerate if, prior to the sale or transfer, Lender and the person to whom the Property is to be sold or
<br />transferred reach agreement in writing That the credit of such Iverson is satisfacto^• to 1,ender and that the intareG+
<br />payable an the sums secured by this \tortga-qe sftall he at sacit rate as Lender shall request. if Lender has waved
<br />the option to accelerate Irovided in this paragraph 17 and if Borrower's successor in interest has executed a writ-
<br />ten assumption agreement accepted in writing by ?.ender. Lender shall release Borrower from alt obligations under
<br />this Illortgsge and the I4'ote.
<br />if Lender exercises such option to accelerate. Lander shalt =nail Borrawer notice of acceleration in accordance
<br />with paragraph t4 hereaf. Such notice shall provide a I;eriod of rant less than 3!? days from the date t-he notice is
<br />mailed within which Borrawer may pay fire sums derlare€I due. If Borrower fails to pay such sums prior to the
<br />expiration of such period, Lendee tray, without further aatice ar r?errand on Borrower, invoice any remedies per-
<br />rfiitted by paragraph 1Fs hereaf.
<br />tics-L-*rxgoanr C,av~sasTS. Bort-awer and Lender furtleer caccrttart and agree as fallotivs=
<br />18. Acceleration: Remedies. F;xerpt a. Irrc viatc~i ua t~artgr:tpt: 17 hereof, upon Borrower; breach of any
<br />covenant or agreement of Borrower in this iortgage. inctuc-ling tl;c covenants to pay rvhc•n due any sutrts secured
<br />by this :tfortgage, Lender prior to acceleration ;hail matt notice to Harrower as providetit in paragraph l4 hereof
<br />specifying: (1! the breac}n (2t the action requir<tii to cun> ~ucl; E;reach; tai a date, not less than thirty days
<br />from t-he dato the polies is mailed to Borroti~~cr. 3,}~ tr~ticta snrl, i,re,ech trust be cured; and t41 that failure to cure
<br />such breach on or before ttte date specified in the notice rosy resuh. in acceleration of the amt14 secured by this
<br />\iortgage and sale of the Property. If the breach rat cured or, ar before the date specified in the notice, Lender
<br />at Leader's option may declare all of the sutra secured t;y this iortgage to ire immediately due and payable
<br />without further demand and racy foreclose this :1lortgage t;y judicial proceeding. Lender shall be entitled to collect
<br />in such proceeding all expenses of forrclostu-e, including; lint not limited io• costs of documentary evidence,
<br />alsstracts and title reports.
<br />19. Borrower's Right to Reinsttate, Nata•ithstaading Lender', acceleration of the sums secured by this
<br />Mortgage, Borntwer shalt have the right trr have any proceedings begun by Lender to enforce this Mortgage dis-
<br />continued ai any time prior to entry of a judgment enfaTCing this iortgage if: (a) Borrower pays Lender all
<br />same which would be then due under this ilvrtgage, the Note and notes securing Future Advarices, if any, had no
<br />acceleration acenrre+d; (b) Borrower cures all breaches of an~~ other covenants or agmements of Borrower con-
<br />tained in this Mortgage; (c} Bat•rawer pays-all reasonab}e expenses incurred by tender in enforcing the covenants
<br />and agreements of Harrower contained in this ~°iortgage and in enforcing Lender's remedies as provided in para-
<br />graph 18 hereof, including, but, not limited ta, reasonable attorney's fees; and id) Borrower takes such action as
<br />Under tray reasonably require to assure that the lien of this iortgage, Lender's interest in the Property and
<br />$onower's obligation to pay the sutra secured by this llartgage shall cont.inuc. unimpaired- Upon such payment
<br />and cute by Borrower, this Mortgage and the abtigatiors secured hereby shall remain in full fares and effect as if
<br />no acceleration had occurred.
<br />2tt. Aseigamunt of 8eutat Appofattnertt of Receiver; Leader in Fosaeasioa As additions! security here-
<br />utider, T3onower hereby assigns tti Lender the rents of the i'rolrerty. provided that Borrower shalt, prior to accetei•-
<br />•atitra under paragrapli 18 hereof or abandonment of the Property, have the right- to collect and retain such rents
<br />as they Dome dire and payable.
<br />Tlpan acceleration tinder paragraph 1$ hereof or ahandonntent of the Yropt t-ty, Lender, in lrerson, by agent
<br />or by jndiciaily appointed receiver shall be entitled to enter upon, take possession of and manage the Property
<br />and to collect the -rents of the Property, ineludmg-those past due. Alt rents collected by Lemler or the receiver
<br />shall be applied first to pavtrient of the costs of management of the Property and colleet.ian of rents, including, but
<br />not }trotted to; receiver's Sees, premiums on receiver's hands and reasonable attorney's fees. and then to the Burns
<br />seeurerl by this :tilortgage. Lander atad the rece•ver shall he tiatrle to account only for thane rents actuath• received.
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