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~~- eJ~i~H~ -- <br />not extend or postpone the due date of the uronthly instalhuents referred to in paragraphs t and 2 hereof or <br />change the amount of such installments. <br />10. Borrower Not Released. Extension of the time for payment m• modification of amortization of the sums <br />secured by this Mortgage granted by Lender to any successor in interest of Borroter shall not operate to release, <br />in any manner, the liability of the original Borrotti-er and lion•ower's successors in interest. Lender shall not ba <br />required to commence proceedings against such successor or refuse. to exten,i time for payment or otherwise modify <br />amortization of the sums secured by this \iortgage by reason of any demand made by the original Borrower and <br />Borrower's successors in interest. <br />11. Forbearance by Lender Not a Waiver. :any forbearance by Lender in exercising any right or remedy <br />hereunder, or otherwise afforded by applicable law, shall not. be a waiver of or preclude the exercise of any tight <br />or remedy hereunder. The procurement of insurance or the payment of taxes or other liens or charges by Lender <br />shall not be a waiver of Lender', right to accelerate the maturity of the indebtedness secured be this iortgage. <br />12. Remedies Cumulative. 911 remedies provided in tl,i Slorigage are distinct. and cumulative to any other <br />right or remedy under this \Iorigage m- afforded be L•tn or equin•, and may be exercised concurrently, independ- <br />ently or successively. <br />13. Successors and Assigns Bound: Joist and Several Liability; Captions- The covenants and agreements <br />herein contained shall bind, and the rights hereunder shall inure ta, the respective successors and assigns of Lender <br />snd Borrower, subject to the provisions of paragraph 1' hereof. 911 covenants and agreements at Borrower shall <br />be joint and several. The captions and headings of the paragraphs of this .liortgagc are for convenience on]_v and <br />are not to be used to interpret. or define ti,e provisions hereoi. <br />14. Notice. 9ny notice to Borrower provided for in this \Ior;gage shall he giver: by mailing surh notice bt- <br />certified mail addressed to Borro;t-er at the Yropcrty 9ddress ststeci hdoa. except for any notice required under <br />paragraph I$ hereof t-0 he given to Botrouer ]n the manner prescribed by applicable law. 9nc notice provided <br />for in this Mortgage shall ize deemed to have been given to Bon•ower cchen given in tL-c manner designated herein. <br />15. Unifoaa Mortgage; Governing Law; Sevezability. 'Phis fornt of mortgage combines uniform covenants <br />for national use and non-uniforn, covenants with limited variations by jurisdiction to constitute a uniform secu- <br />rity instrument covering real property. This \Sortgsge shall im governed by the lan- of the jurisdiction in which <br />the Property is located. In the event that any provision or clause of this Mortgage or the Note conflicts with <br />sppiicabie law, such coniiict. shall not sneer other provisions of t-his Mortgage or the Note which can be given <br />effect without the conflicting provisior„ and to this end the provisions of the Mortgage and the Note are declared <br />to be severable. <br />1S. Boarower's Copy. Borrower shall be furnished a conformed ropy of this \iortgage at ttte time of execu- <br />tion or after recordation hereof- <br />17. TraasEsr of the Property: Assumption. Ii all or any part of the Property or sn interest therein is sold <br />ar irsnsferred by Borrower without Lender'; prior written consent. excluding Ia 1 the creation of a lien or encum- <br />brance subordinate xo this iortgage• t b) the creation of a purchase money security interest for household appli- <br />ano~, (cj a transfer by device, descent or he operation of laty upon the death of a ioint tenant or tdl the grant. of <br />any leasehold interest of thnxe years or less not containing art option io purchase. Lender may, at Lertder~ option, <br />declare all the sums secured br this \iorigat:e to be inuuetliatch- clue sari payable. Lender shall have tc•sived such <br />option to accelerate if. prior to the sale or transies. Lender auto the person to wl:orn the Property is to be sold or <br />transferred reach agreement in writing that the emdi>, ui surh pet~on is satisfactory to Lender snd that the interest <br />payable on the sums secured by this \iortgage :hall f,>r at such rate as L+e:der shstt request. Ii Lender has waived <br />the option to accelerate provided in this paragraph I i and ii Borrou•er•s : uecessor in interest has executed awrit- <br />tett assumption agreement accepted in writing by I ender, Lender shall ttilease Borrower from all obligations under <br />this Mortgage and the Mote. <br />If Lzaderexerci~sudt opiion to accelerate. Lender shall snail Borrower notice of acceleration in accordance <br />u•itlt yaragraph I°~ hereoi. 3urlt notice shalt provide a period of nm Les, that 30 .lay; front iht date. the notice i <br />trailed within which Borrower tray }asy she sums declared due- Ii Bortrowe•r isils to pa}- such aunts prior to the <br />expiration of such period, Lender tray. without further notice nr demand on Borrower. invoke any remedies per- <br />mit~ed by paragraph 7& hereof. <br />:tins-I~sigasxs t'oc°s~;exr:. J3on-owrr rind i_entJer fur°titt=r covenatrt and agree a. folion-s: <br />1t3. tioa; Remedies. Exret~t as pn,vittr•tl in lt~tagr:tl~l, I: h~rc~vr'. upon Borrower's breath of ant- <br />covenant or agtr+er3ent of Borrower in tar. Mttngue+• iurlu,iine *.,~ covenants to lacy avltcn due am• sums secured <br />by [iris \iortgage, Lender lrrior to;iccelerattot ~ s t,,: t t t,[ici ti, l~virusi+t ,~ t~rovidt•d in parsgzalah I~ ht•reof <br />+pecifyirg: i,ll ttte breach; alt the .trrttirr: rry,.tn ; ,.• ..ere .ut~, J~rr~1,, .31 ,+'~ieitr. ntzt le,. than thirh• dav= <br />from the date the notice is ntailtvi *,0 13urrow,•r. irc ,sae !. car;-I, drrx;;3t i, u,tuc let;, cuAcvi,` t,t~ri ,4 i rltst failure to cure <br />much breach an or before rite dfi~ ,lk-r:fii~ s, th~• ;,uts~~• s„s+~ rc~uit ~n srce;eratiori of th,• >utns ~curett i»- this <br />~ltrrtgage and sale of the Pral>ertr. If the I,resrL ~ ..~„ ru?t•.i i,r. ,.r I.e;c,ri~ t?;r ,rate ~pertFtri ir: the not ire. Lender <br />at Lender's apiioa urns declam all tii >_hr „~r,,..t.,,~,,,:,, t,t- ,1,;- ~St>ngage- t,; lac ;=„ttr-c~liatety .Ire snd Ixavable <br />rrithatrt ftanlterdetnand and rrtag fare^lar.t• tl:r ~iurtgagr i>ti ,a,'rcis Itn:e•e•e,3,n}; Ltr,aier Thal.'- }>r- t•ntst11Y9 to collect <br />in a-ueb pro~ding nli espenres of iflrcrlc~usc. tnrtu=ltng- l,ut ,tot ln:nt,xi ua. ro-t> of =t~•mnentary evidence. <br />absiraets amt title reporu. - <br />19. Eaa:ow~ae'a ~# io Rte. totaiti:-tsnttit:g ixnder. srrrikm[it+n of th,- :ant= secured by this <br />Itirnt~e, Borrvwre~ shall have the rgltt to have ran}- }>rocr-cvt, ,g- }>Egur, l:.r t rrrt,•r *., ~•nfor,r tht.- 1ortgage dir- <br />t~ntted at env Lime prior to entn of a ;udgment ertirAr[ttf: [l;t, \lertga~ tf :a, Borrvx.c•r hays Lrntfer all <br />sums w}rieh wortld be tixn due under this \tor_g,~e. rice \ate sn,i Watt, -ecuntt€ 1•utun• -1,5~-astrt--, if arr. half no <br />aeoe3rrttiQn occurred; ib} Borrower runt" all taresrtx; tf sue s~tltet ,-,+rcnsrra- ur s~rrrratrntt +tf Borrower con- <br />taiased ire this Mar4gage; icl Borrower pays all raa_;;tcabt= ex}st-tt~- tr,t ur°a,1 E,c• I.t-rt..e•r ,n ,•nfr,rrin}; thr eoti`ettaztir, <br />sad art of Borrower ocwtained in thin ylurir;-age and to eniarrrnt; [n•rt,irr's n•nsrdtt_~ iu, I,rot•tded in para- <br />grt4tir 1$ hereof, inrhrdiag, but rca limited to, reasonable attornev'r ft~^-, anti ~d, 13ar_roR•er takes ;urh action as <br />Leiotlm• may r+eatonably regt»tr to assure that the tier of this Mortgage. i.erufer'r interest to the Property and <br />t ebt~ttirm to prep the sir>ms serun.d by this- 'rtongaze shalt ronimut• unirnpair'ri. I•Iwn ::urh payment <br />tad wee by $o~rroaPer, this ~'lartg~ and tare ~sligatitut; aa-rurerl i.erc-bs• -hall retrain in full force send effect as i# <br />~ a lead ~. <br />~• Ataigemjrr~ ~-$ of Rt~ssr; Laadar in Fa~sioa. -~- additional securiri• herr- <br />trrs~•, Baeresrer>x !o Leader the trmt; of fire Properrr. providttt that Borrower shall- prior to ucreler- <br />tfa~ p~ara~ap}t 1$ hereof or aiaartslonntertt of the PruluKtr, have the right to collect and mtain surh rents <br />sa ~ l+eeeme due awl payafik_ <br />at?w a+eeeleaatSepa under paragraph 18 hereof or at>antfonnxnt of the Yrolrertv, Lender. in l,erson, by agent <br />or !rq )txlieitilfp appaanted receiver tkral3 t9e entitled to enter upon, take ponseASion of and utanage tht• Yropert}• <br />Carl to ttll3eoL the rCntar of the Property, inehrditsg !hose pa€t due. Ail rt:n[s collertetl lev Lender or rite rt•eeirr_•r <br />> be a~}il5ts! to payarwt of the coasts of rrranagetntnt of the Yropertr snd eollertLOa of rents. inrtuding, hnt <br />not limited to, re+eeiver'e fees, lrrrmiums on rtreiyer's bond- and reasonable attorney:. it~~. au,f then to the scans <br />secured trv thiir Mrmtgsge.. Lersder and the receiver shall he tiahle to acroun*. only for ihtr..c• rents artuully rectived. <br />