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~ not extend or postpone the due date o~ the monthly instalhnents referred to i^ paragraphs 1 and 2 hereof or <br />~ change the amount of such installments. <br />~" 10. Borrower Not Released. lixtension of the time for payment or modification of amortizatia:: of the sums <br />~ secured by this Dlortgage granted by Lender to an}• successor its interest of Borrower shall not .operate to release, <br />`~ in any manner, the liability of the original Borrower and Borrower's successors in interesi. Lender shall not be <br />~ required to commence proceedings against such successor or refuse to exteltd lime fur payment or otherwise modify <br />amortization of the sums secured by this Mortgage by reason of any demand made by the original Borrower and <br />~ Borrower's successors in interest. <br />j~ il. Forbearance by Leader Not a Waiver. any forbearance by Lender in exercising any right or remedy <br />hereunder, or otherwise afforded by applicable law, shall not ba a waiver of or preclude the exercise of any right <br />ar remedy hereunder. Tire procurement of insurance or the payment of taxes or other liens or charges by Lender <br />shall not be a waiter of Lender's right to accelerate the maturity of the indebtedness secured by this tiortgage. <br />12. &emedzesCumulativa. all remedies prorided in this \lortgage are distinct and cumulative to any ether <br />right or remedy under this ~tertgage or afforded by law or equity. and may he exercised concurrently, independ- <br />ently or successively. <br />IS. Successors and Assigns Botmd; Joint and Several Liability: Captions. The covenants and agreements <br />herein contained shall bind, and the rights 6emunder shall inure to. fire respective successors and assigns of Lender <br />and Borrower. subject to the provisions os paragrtph I' hereof. all cotenants and agreements of Borrower shall <br />be joint and several. The captions and heading,: of the. psragraldzs of this \tartgagc are for convenience only and <br />ere not to be treed to interpret or define the provisions hereof. <br />14. Nofiee. any notice to Borrower pmeided for in this ~iortgagc shall be riven in• mailing such notice by <br />certified mail addressed to Borrower at the Propert}- address sLtted belox, rxcept for an}• notice required under <br />paragraph IS hereof tc be given to Borrower in the manner prescribed h}- applicable late. any notice prodded <br />fat in this Mortgage shell he deemed to Tsars i7een gie-en to Borrower whin git•en to the manner designated herein. <br />15. IIaii~rrn Mortgage: Govaming Law: Severability. This form of mortgage combines unifornt covenants <br />for national tree and non-unifarnt eacenants with limited vsris*_ions 6;• jurisdiction to con~z-itute a uniform secu- <br />rity instrument covering real property- This \lortgage shall 67: governed by the law of the jurisdiction in which <br />the Property is located. In the event that any pt•otision or clause of this _!lortgage or the Note conflicts with <br />applicable law. such conflict shall not at?ecz other ltrovisians of this \[ortgage or the \ote which can be given <br />effect without the conflicting protision. and to this end the provisions of the \lortgage smi the Note are declared <br />to be severable. <br />i& Borrow:r's Copy. Borrower shall be iurnishni a conformed cope of this \lortgage at the time of eeecu- <br />tion or after reeordatian hereof. <br />19, Tramafsr of the Property: Assumption. Ii ail or any }tan of the Property ar an interest therein is sold <br />or transferred by Borrower without Leader's prior written consent. excluding ta) the creaiion of a lien or enotrm- <br />brance subordinate to this \iongage, tbl the creation of a nurrha~r money security interest for hotrsehold appli- <br />snoe_, !cf a tsan<ier by devise, descent or by operation of Tan- upon the death of a joint Tenant or Id) the grant. of <br />any leasehold inter-e<t of thrYe years or less not containing an option to purchase. Lender mac- at Lender's option, <br />declare all the stints sectrrted be title lfor*.Aage to be intntediatelc /iue ar.7i payable. Lender shall have waived such <br />op~ian W accelerate if, prior to the sale ar transfer. Lender artc3 the Peron za whom the. Property is to be sold or <br />transferred reach agreement in a-riting that the ctrdit of such pe:-son is sstisfartary to Lend(•r and that the interest <br />payable:rtt the etyma secured by this ~iortgagr shai! ire at such rate a; Lender shall inquest. Ii bender has waived <br />the optiam to secelerate provided in tktis 1?sragraplt 17 and if Barmner's sucreanr its interest has executed s writ- <br />ten asstrmptian agreement accepted in writing by 1_ender. 1~nifer shelf relea-se Borrower from all obligations tinder <br />ih~ ?I~ortgase and the Note. <br />If Leader erter..ises sueit option to accelerate. Lender shall tuai3 Borro~rer mice of acceleration in ae(wrdance <br />with paragraph 14 hereof. ;;ucir native shall provid(• a !serial ai pat ir_- titan 30 <tsys from the (late the notice is <br />tnailerl vrithis which $orroaer may pay the =ants declar(-d tiut•- Ii Barrowrr Telly to l7ac such sums prior to the <br />expiration of such per_od, Lender rnay. wit};out iunher t;attc. ar demand on Bornnver, invoke any remedies per- <br />mitted &y parag:sph It3 het~eof- <br />N~,r-~'titrttara i't`f{~*:cir>^.. Brrr-ua-rr an(t i.~trt.~r t~r,l;rr e~.veatsnt «nd a~r~-e as icllow: <br />iS. ilcodion: Sa~medi:s. Fxr~°s~t a- {,:-~,; i~?(,± :.- crag*;,I,i; I; !:(-rrnf. u{xan Borra»er'. hresrh of am• <br />aorerrant, or agreESpent of Borrower in t':i- Mtsrtttr.~_ iarluding. ti:t• c-occnant- ti3 pay whin ,iue arty runts secumd <br />i>y this ~fott{,age, Lernf(•r briar to srrrlrt:Iztcn, -;:ail nsxii notice w $orrmrcr ar l,mvid(vl in paragraph 14 hereof <br />~ecifxiag: fii the bms(•h. c2i the art ran n•.twn•+1 t7+ rnrv -uri: 1tri-arl: t3a 3 dazA~. not 3(~ than thirty days <br />front xlre date thc• purity i= mail.(°~ to 33arre~st r: ,y ,t ::ui: curl: bnarlt murk be n:rexi. and i; t zh:tt iaiiure to cure <br />each brearlr on or itFfarc• the date :I.(rtne(i In ti:e pastry uttry rnsulz in aeeeleratien of the suuv c(ruind by this <br />14art~ge acrd sale of tier Pralxrty. if tie- i.rrari~ ;, pat cured ar, err t~fam the date sfxcifi(.i in the natiee, Lender <br />at L('srdez's option rtrar de~rlar{ all of alrr -xlltr~ -1-rt:rr~ri i,} zIi- tiangage to lx immr`dtiatefr due and payable <br />>~furt~rdrtd art# tr3ay taTtT=(N+Y xi13~ lie=?k,s4l• Cy Jld3[•l~i ~IrLICCY{i lnk. IAn df'r ~~i.'lFl Its t'ntttl C'd to lViiE't`t <br />m writ prOrO&Itng 8ti t'xp('n.3t~ tit; iarE-eiaill'Y'. lnt'iU~l1RkT. lent II{1t ilnnted ta. Ca~t~ OI darnmeniart' evldenre, <br />n1~t.1alP3A arxi true reports. <br />IS ~nesaorer"s 8ii~ht 50 \otarxi,.tancitng i_(•ttder'c accrlerazian of the surtts ;eeured b_r• this <br />Maaigage,Borroreea shall have ttx right to have any nlor(•aiings 1,egltn by Leader to enfor.°c• Ihi: Mortgage dis- <br />tretl st any tirrre prier to etstry of a trd¢tttena cnirpring the. \iartgage tf: :a: Burros-er {aa3•s Lender ail <br />smmsxlr;~r nosrld br tl~ due under iit~ 1larxgnaee six \ate m; nines xa•ursng Puturc adyanc~, if any, had no <br />oxtrrred; h1 Bcem+cer rtrres sii +-xtirsf-l:a- of am athe.= rtevenant:: or Lar(•entents of Borrower ron- <br />taiaed is htaigsge; 1st Bortrneer pates a31 reawrnable :>>;{~•m~ irsrurs~.3 l~,i Lexrder in , nfon•inF tEte covenantx <br />a5d ~ ~ Ba~cr ~ in t$ie Martg~tge arxi m enfarrln~; I..°ru3(•r°~ n~medle= an I~mrided in para- <br />t 18 her+eoi, iaeiudir~, but not. Itmitcd to, rearanable atsorne~-': i(~ec . anti :rf : BOrra'd't•r sak(•s such action as <br />Intp4der stay rsbly require to aateure that the lien of this ]Iort#'ag(•. I.rndt'r's interest in the Property and <br />$aer~•'s to pay the seactrtrd try thi.: \iattgagw =i:ai1 continue uninepain-ri. Cpan >ueh payment <br />wad t;m+a by BeRrasrcr, this Mnrtgage and ilre obligatitws sertueti lx~trhy hail rcrnairl in fui; Torre and effect as if <br />ae its h;~ aa.~tred_ <br />'~. ~ d r of Aecovee: Leader is Posseepaa. ,tr additional security here- <br />+~er,Beax'asr~' amts to Lr ilre nets of the Ptaopen~•. prat•ided chat Barrawrr shaii, prior to acreler- <br />at~ion uodss parrs t8 hetietrf ~ ahatttlotrtttent of the Protrerty. !lave the right to collect an(I retain each rents <br />aAt tfssg beeetme rbae and payabie- <br />ilgeu i~one3aatim aradce paragraph 1S hereof or atrandtmmeat at rite Yraperty. Lender. in person, by agent <br />er by gndi~hr appointed .receiver shall be eatitlezf to easier upon, lake laoa~ession of oral manage the Property <br />acrd to the rents of t~ Pr+tgrerty„ iaeludirg those past due..411 r(-ntz collected b~- Lender or the receiver <br />e be aunlied frtat t© paw id tie eorfts of tnaoaeettteat of the Progeny and collection of r(-nt_., in(~luding, but <br />mR liruitrxi to, r~eeeitrrr•`n fees, pt~ritrms or+ rtreiver's txrn,I and rrasanahle attorney's f(~ . and t}:eu to the aunt., <br />sesa~xed byfhse ~iortgase- Leraad the re~eiver=-mll }a'• liable to account anf}• for these rent: actually rrecired. <br />