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not extend or postpone the due date of the mont}dp iustatlments rrferrecl to in paragraphs 1 and 2 hereof or
<br />change the amount of such instattrraents.
<br />IQ Rorrowez Not Released. Extensior. of tlrc. time far payment or uxadificatian of orrnortization of the sums
<br />secured by this Vortgage granted try bender to any -uccessor in interest of Borrarver s?calf not operate to re}ease,
<br />in any manner, the liahilif.p of the arigirra} Borracser and Borrarver's successors it: i?merest. Lender shall not be
<br />required to eomnxence proceedings against such successor or ret•use to extend time for payment or otherwise modify
<br />amortization of the sums secured by this 3ortgage ?}p reason of any demand made by the origins} Borrower and
<br />Barrawers successors in interest.
<br />ii. t'orbearance by Lender ivoi a tiJ•aiver. any forkiearance by Lender in exercising any right or remedy
<br />?aereunder, or athervrise afforded by app}icahle }au•, shall net he a rvais•er of or precludn the exercise of any right
<br />or remedy hereunder. The procurement of insurance ar the payment, of taxes or other liens or charges lry Lender
<br />shall not be a waiver of Lender's righi- to aeceferaie tfte maturity of fhe indebtedness secured by this A'tortgage.
<br />~ 12. Remedies Cumulative. All remedies provided in this Mortgage are distinct and cumulaiive to any other
<br />"'f right or z•emedy under- this Mortgage ar atlorded ?>p }err- or equity. anti may lie exercised concurrently, independ-
<br />~ ently or succeaively.
<br />4°4 13. Successors cad Assigns Bound; Point and Several Liability; Captions. Tne covenants and agreements
<br />herein contained shall bind; and the rigfrts hereunder shall inure to, the respective successors and assigns of bender
<br />and Borrower, subject to the provisions of {raragrxp}r I: }rereof. A[t covenant: and agreements of Bori•awer shat?
<br />h2 joint and severe}. The captions and headings of the paragrr}ohs of ibis Mortgage are for convenience only and
<br />' are net to be used to interpret or define the provisions hereof.
<br />~ 14. NDtice. .Any notice to Borrower provided far iu this Mortgage shall ?m given by mailing such notice by
<br />~ certified mai! addressed to Borrower at the 1'ropert}- Address s**-ated he!aw, except for any natire required under
<br />paragraph I& hereof to be given to Borrower in the manner preseritred by applicab}e lace. Any notice provided
<br />for in-this Mortgage shall he deemed to hacc been given to Boreoa-er tc-hen given in the manner designated herein.
<br />15. Uniform Mortgage; Governing Law; SevezabiGty. This farm of mortgage combines uniform covenants
<br />for national use and nun-uniform covenants rr-itir limited ;-aria*_ian b}- iurisdiction fo constit,uie a uniform sseu-
<br />rity instrument covering real property. This \lortgage shall br. governed i7p the law of t-Ire jurisdiction in which
<br />the Property is located. In the Brent that any {arovisian or c?ause of this ~lartgage ar t}re Nate conflicts with
<br />applicable faa•, such canfiict. shai} not affeei ether pror;sins cf this iiartgage or the \oie xr'hiclr can 6e given
<br />effect without the eanflicting provision, and to this end ±he pror is?one of the \Iartgage and the Note are declared
<br />to be severab}e.
<br />I6. Bozrower's Copy. Borrower shall he furnis}:ed a rocfornred copy of ibis tlartgagc at the time of execu-
<br />tion or afterreeordatian hereof.
<br />17. Traasler of the Property; Rsaumption. If all or acv {?art of the Property or an interest therein is avid
<br />ar transferred by Borrower without Lender-a prier earitten consent. exc?uding tat the creation of a lien or encum-
<br />brance subordinate to t?tie ~lartgage. liar the creation of a I,urehasc tuorrec securiiv intt'*rest for household appli-
<br />ances, (ci a transfer by devise, dti~cent or- hp ap±>r<ttior. of ?.rrr a:porr the- deaf}s of a joint tenant or (d} the- grant of
<br />any leaseha}d interest of three years or Teti naf caniair.ir;i; =rr. option to purchase. Lender may, at Lender's option,
<br />declare all the sums secured by this Mortgage to he lnunediatolr tine ancf {rayable. Lender shalt have rx°aived such
<br />aptior. to accelerate if; prier to ilte sa'^. or transfer. I.ea.~fer ae:;? t?;:~ person to wham *_he Prapert-v is to be sold or
<br />transferred reach agreement in rr•riting that the credit of sae?~ t~erson it -atisfactary to Lender and that rice interest
<br />payable oaths sums secured by ±his Sortgage ;hail }w si such ;ate. as Lender she}} request. If Lender has waived
<br />the aptian io accelerate prf;_idzd in this paragraph 1r and if Borrarver's successor in interest has execu#ed a writ-
<br />ten assumption agreement aecep*.ed iz: }=-citing }.p Lender. Lender si:a}I re}easc Borro=.ver from all obligations under
<br />t-his Itilort~age and 6he V ole.
<br />If Lender exeroisas suei3 option to accelerate, bender shat' nraf} Borrower notice of saaeleration in aeeordanee
<br />with paragrap;: is hereof. Such notice she?3 provide a {,eriacl of not less Haan 30 days from 'the-date the notice is
<br />mailed within which Borrower may pay tht sur.,s declared duo. fi Harrower fails to pa} such suers prior to the
<br />expiration of such period, Lender map. rvithaut further natire. or demand on Burrower, invoke env remedies per-
<br />mitted by paragraph 1£S hereof.
<br />Nom-lxtFOe:+t COCF.h-,1ST5. I3c,rraever• arnd L~ncler further covenant and agree as follow.:
<br />28. Acoeleration; Remedies. Face{;t as ,n-or i~?e~l in paragr:rpi: 17 hereof, upon Barrower•s breach of any
<br />covenant or agreement of Harrower in this: Afartgat<<~, inr?u:fing the covenants to pay when duo any gums secured
<br />by ibis Mortgage, Lender prior to acceleratimr shalt rnaif notice to Borrorrcr as provided in paragraph 14 hereof
<br />specifying: (1) the breach; (2't t}re action require,?, to etuc such ?n-each; t31 ,r date, net le<s than thirty days
<br />from the date the notice is mailed to Bor;orser-?rr whu_•h such }rre:rc}. must tx~ cured; and 44f t}rat failure to cure
<br />such breach on or before the date .;~ecified in the noaicc retry resu}t in acceleration of the stuns secured by this
<br />':Mortgage and sa}e of the Property. If tfae breach is not cured on or before the date specified in the notice, Lender
<br />at Lender's option mug declare a?I of tare gums secured by t}ric 14artgage to he imtnediaie}y due and payable
<br />without further demand and may foreclose ibis Mortgage be jtadiciai proceeding. Lender shai} be entitled to calleot
<br />in such proceeding eel expenses of for~elosurc. including, bat not limited ta, costs of documentary evidence,
<br />abstracts and tiffs reports.
<br />15. Borrower's Right to Reinstate. 1oswithsianc{ing Lender's acceleration of the surrrs secured by this
<br />IVlartgage; Borrower shy}i Nape the right to have any proceedings begun h}• 1,e nder to enforce -this 1lartgage dis-
<br />continued at any time prior to entry of a judgment enforcing this Mortgage if: tat Borrox•ei pays Lender all
<br />shins which would: be then-dun under this 3ortgage, the-Nate .rnd-notes securing Future Adrances, if any, had no
<br />acce}exstion occurred; fb) Borrower cures al} breaches of any ether covenants or agreements-of Bcirrawer con-
<br />tsitred in this Mortgage; (c) Bortawer pays all reasonable ex{rerises incurred h}• Lender in enforcing the covenants
<br />and agreements of Borrower contained in this ~#ortgage and itr enforcing Lender's remedies as provided in pare-
<br />- graph ?8 hereof, including, buG net limited to, reasonatafe aitac•ney's lees; and id) Borrower takes such action as
<br />I~:nsler. may reacnnabig require to asRUre drat the lien of tfris ~iortgrge. Lender', interest in the Property: and
<br />Borrower's obligation to pay the sums secured by thin Mortgage shall continue ernimpaired. Upon such pa}orient
<br />.and ettre by Borrower; this Mortgage atul the abligat:rons eecureil hereby s}:all remain in full farce gird effect as if
<br />na ae~cl~*atis+n !~~ at~u*re~.
<br />~. igissntoa# of Rests: Apt~tmea# of Receivers Leader is Fossesaioa: :As additional- securny he-.e-
<br />xinder,Borrower hereby'assigns to Lender the rents of the Property: proi'icled fhat`Barrowe=shah; prior to acceler-
<br />stloir under paragraph I$ hereof or adraniianruent of the Pro{igrty, Have the right to collect and retain streh rents
<br />s$ they tiseanre due sad payable.
<br />d:Ipott eleration under paragrapdi Idl'hereaf or alaandonrneot of-the Prflpdrtp. Lender, in {*er:;on, 6}• agent
<br />s.. • aiciad} = fed rrn"ieer slxail -be ~ti€€ed t enter aa+4a t~tie *,w .ession of an<d urana e -the Pranerty
<br />.. a i~ 3 appoxr. r g
<br />and to_colleet the-rents of the Properly, ineluditr~ chase peel due:.~AIY rents coiteetetl by I:ender or the receiver
<br />shall be applied first to payment of the casts of tirairagenient-of the Property and eolleetion of rents, including, but
<br />not limited to, receiver's fees, premiums on reeefver' bonds and reasonable attarnny's fees. and then to the sums
<br />secured'~,y tlri ~4ortgage. Lender and ilre receiver strslt lsr ?ialide to aceaunt only for those rents actually receiv,°d
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