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not extend m• Iwstpone the dtte date of the manf{dv utsrtllnSents referred to ill paragraphs I and 2 hereof or
<br />ekla=.Sge the a2nount of such iastllhnent_;.
<br />10. Barrorver Not Re}eaaed, Extension of zhc time for payment or modification of amortization of ti2@ sums
<br />secured by this :Iartgage granted in- .,ender to auy successor in interest of Borrower shall not operate t.o release,
<br />in any Spanner, the liability of the original Ban-owcr :ind I3or2•on-er's successois in interest. Lender shell not be
<br />required to commence proceedings against. such successor or retuse to extents tome for payment or otherwise modify
<br />ernes±.ization of tk2e sums secured b}• this \Iartgage by reasau of ary demand made by the original Borrower and
<br />Borrower's successors is interest.
<br />II. Forhe~ance by Lander Not a Waiver. any forbearance by Lender i21 exercising am right or remedy
<br />hereunder, or at}lercdse afforded bt ap,;lieabfe late, s'ttalE nut bra ;salt°er of ar preci22de the exercise of any right
<br />or remedy hereunder. The procurement of insurance or the pay2nent of taxes ur ot.her liens or charges by Tender
<br />eha}I oat be a waiver of Lender's right to accelerate tale ulatur}ty of ti2e indebt•~dne~vs €esured b}• this Mortgage.
<br />~ 12. ReinediesCuaulative. 311 remedies prodded in this'Inrcgage are distinct and ~~m~lative to any ether
<br />-=+ right or remedy under ttt{s ~}artgags+ or slio2rled by late ar +'ijtiity. anr{ rata;- he exercised concurrently, independ-
<br />ently or successively.
<br />r^~4 i9. Successors and Assigas Round; joint and Several Liability; Captions. The covenants and agreements
<br />here}n contained shalt bind, and t}Se rights iereunder shall inure to-.the respecrvc successors and assigns of Lendez
<br />,~ and Borrower, subject to the provisions a{ yarxgranh I ; k2ereoi. 311 cayanant> an=k agrc~tznlents of Borrnwer s}tall
<br />_ be juiat and enveral. The captions and heading: of the paragraphs of this \Ior"tgagt• are for convenience only and
<br />~ are not to be used to inierpret or define the provisions hereof.
<br />t1 14. Notice. Soy notice fa Borrower prayided tar in this ~lartgz2gc siSall he t;it en by mailing sac-h uotiee by
<br />certified mail addressed to Borrower at the Yraperty 32.idmss stated br~katy, except far auy notice required under
<br />paragraph 18 hereof to be given ?o Borrower in the manner prescribed by applicable ten-. any notice provided
<br />for in Phis Mortgage shall be deemed to have been given to Borrcu•er tehcn riven in the manner designated herein.
<br />15. Uniform Mortgage; Governing Law; $everability. This form of uuSrtgage combines uniform covenants
<br />for national use and pan-uniform covenants with limited variations Li}- jurisdiction to constitute a uniform secu-
<br />rity instrument covering sea} property. This Mortgage shall he governed by the late of the jurisdietio;, in which
<br />the Yroperiy is located. In the event that any prevision ar clause oftl:is ~}origsge or the tote conflicts with
<br />applicable law, such conflict eha{1 not at}ect other provisions of this ~Ioitigage ar the Sots which can be given
<br />effect without the conflicting provision, and to this end the provisions of tt;c \4artgsge and the SotR are dec}ared
<br />to be severable.
<br />}S. Bonowei s Copy. Harrower shall he t'urnisheci a conformed copy of this Mortgage at the time of exeou-
<br />tian or after recordation hereof.
<br />17. Transfer of the Property; Assurnpiion. If a!! ar anc Hart of the Property nr an interest kiSerein is sold
<br />or transferred by Borrower without Lender's- prior written consent, excluding t.a 1 the creation of a lien or encum-
<br />brance subordinate to this ~iot•[gage, t h} the creation of a purchase snunev security interest for household appli-
<br />ances, (c) atransfer by devise, descent or l.Sy operation of late upon the death of a joint tenant or (d) the, grant of
<br />any Ieasehaid interest of three years ar less not containing an option to IJUrchase, Lender may. at Lender's option,
<br />dec{one sl! the s:ims secured by this Mortgage to be aSn:nediately clue and t?ayable. Lender shall have waived such
<br />opiiori to accelerate if, prior to the said or transfer, Lender and the: l;eran to whom the Property is to be sold ar
<br />transferred reach agreement in writing that the credit of such kSerson is satisfaciary to Lenc}er and that the inierest
<br />vnhta nn !hC gQmc snC,irgd by thiv ~iaM_£'--.~2-ga t}tali 1}C af. sliCl; r3tr• as LCndflr shall tr~uvet. if L~CndCr }taE WaiYEd
<br />the option to aCCelerate pravidCd in t}IIS paragralJlt I i 3nd if Barra 4C2'~s .nC.CCS.tOP In InLCie3t 12aS CXCClltCd a writ-
<br />ien assumption agreement accepted in writing by Lender, Lander shall release }xarrocser from all o6ligatians under
<br />this Mortgage and the Note.
<br />if Lender axerc :yes such option to accelerate, Lender shall ±nait Borrower notice of acceleration in accordance
<br />tvitll paragraph 14 hereof. Such notice shall provide a 1lericNi of not. less than 30 days fromzhe date the notice is
<br />Spelled within which Borroter usay pay the sutras declared due. If Barratver fail= to pay such aunts prior to the
<br />expirstior. of such period, Lender-may, withou*. further notice ol• demand un Harrower, invoke any remedies per-
<br />rnitted by paragraph 18 hereof.
<br />1Tas-T.?xrF•oltna C;ovi.xa~•rs. Sarrau•er and Lender t'urtlSer caveSlant anci agree as fal}aves:
<br />}(}. Acceleration Remedies. E:.xeepz as proyide~[ in paragraph 17 12ereaf, open Borrower`s breach of any
<br />covenant or agreement of Borraa-er in this Murtgai<:•. including the covenants to pay when due any sums secured
<br />by this Mortgage, Lent}er prior to acceleration sl.all arts( natiee to Barratver as 1r2-oyided {n paragraph 1# hereof
<br />specifying: (1) the breach: t2) the action required m euSV=such sSreaclF;?-~-i=ea_~atc. not less than thirty days
<br />tram d2e date ehe natiee is Suailed is Burrower, br which etieh brcacb2nu?#bc cm~*tl; and (4t that failure to cure
<br />such breach on ar before the date 1:.cifSed i22 the ifot--ice StSay result its acceleratiati of the emus secured by ibis
<br />~IartgagC a12d sa{C aI ii3e PrapertY'. If the bl'e2iCl? IS not t'lircd ail ar he101'C the pale spCClflCd In the nOLICe, LendCr
<br />at Lender's option play declare elk ut` the sua.s secured by ibis Mortgage to be immediately due and payable
<br />without further demand and may foreclos~r this \Iartgage by judicial proceeding. Lender slSakl he untitled to collect
<br />in such proceeding ail expenses of foreclosure. including, but not limited to, casts of documentary evidence,
<br />abstracts snr. title reports.
<br />28. Borrower's I{igltt to j#aindate. tiat~vithstanding Lender's acceleration of the sums secured by this
<br />:'43ortgagc, $orrower shall have fhe right to 12ave env proceedings begun by I.emfer to enforce ibis 3ortgage dis-
<br />continued ai any time prior Lu carry of a judg2nent enfolcing this Mortgage if: ta! Borrower pays Lender all
<br />sums which would be then due under this Mortgage, the-Note and rotes securing Future .4dvances, if app, had no
<br />acceletation accursed; ib] Borrower cure; all breaches of any ati2er covenants or agrrernents of $orrower con-
<br />tained in this Mortgage; {c} Barmwor pays all reasanablc expenses ineurreti f»• i.ender in enforcing the covenants
<br />and agreements of Borrower cairtained in this Mortgage and in enforcing I,r_nder ~ remedies as provided in par-
<br />graph 18 hereof, including, htit not limited to, reasonable attorney': fee_ : and t d k Borrower takes such aatian as
<br />• L'eilderiSiay T2asanab}y raquim to assure Ebel the li€ts of ilSis llurtgage, Lender's incer~st in thx Frallerty and
<br />Bgrrctwer's ab}igation to pay the spins sec2iird by this Mortgage shall. continue unimpaired. Upoli such payment
<br />and cure,by Borrower, this?tlartgage and-the bb}igatiaiis secured hereby steak} retnsin in full force and effect as if
<br />rl:: ~cee}era#iiia hau oecu.~zd.
<br />~~ mat oi.Realsc Appv~~neat a#-$eaeiverr bender it; Possession. _9s additional security here-
<br />.. under, Barriiwer hei~liy as~igne to Lender the rents of fhe Fraperty. proided -that Borrower shall, prior to acceler-
<br />-atian untlornaragraph_if3 hecfaf os abaiidanilient of'the Property, have the right fo collect anci retain such rep#s
<br />s8 t}in~ Ytecome due iind jiayable.
<br />Tjpan aceekeratiiin under3ia_*i>gzspti 18 hereof or abaildantnen of the Property, Lender, in person, kSy agent
<br />qr by judidiaIly appointed. receiver eha}I 6e entit-Intl to enter: upon, take lwssessinn of and manage the Property
<br />and. t4 co}}eel the- rerSts of t}ie Yraperty; i2ic}udSiig thtisa past due. Alt rents roliectecl h}° Lender or the receiver
<br />steal}be applied-first to payment of the et>sts of management of the Property anci collection of rent.-, including, bat
<br />oat }invited to, receiver's fees, premiums on receiver's bonds and reasmtnble atmrne,}••s fees. ,Sntl then to the stuns
<br />secured by this Mortgage. Lender and f.he receiver steal} be tiaalili to account ankv for those rent- actually received.
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