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r-- _( ~,. { ' Wert rastri~r4d or lwartlfxir~ Y.he dt~ sla~.e al' clef ;n~ta:~tia}~ ~r~tail(a3:>rti= rreferev~! to ~iir. pszzg~rap~s i ~arad 2 f oz +-h,ange else amount of suclu installn~~ta 1fY. Bozrov-ar ltilot Released- F,xter:sian of the ?,.re for ;~azn,ter;t o- ;nodifi~tia , of amart+satiar, of the sterns secured by chi: llar~age granted Ly t~....fer to _ ~ ;,., --~;......,ter~t of B~rrc~ _- - sli ro=, ope;•ate to release, ire anp manner, the liability of the original L+,=rawrr anti Bcrrowcr's successors in interest. Lender shad not be required to rommtnce praeetdiags against such successor or ref ~~ to extend time for payment or otherwise modify amortiastion of the sums secured by this lortgage lay reason of any demand made b}• the original Bono-.rte and Borrower's sueeesaors in interest. il. Fa:bsozoace by Lender Nat a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, ar otherwise afforded by applicable law, shall not be s xsiver of or preclude the exercise of any right ~ oz remedy hereunder. The procurement of insurance or the payment of taxes or other liens or charges by Lender ~v. shall not be a waiver of Lender's right Lo accelerate the maturity of the indebtedness secured by this ?4fortgage. 13. Remedies Cumulative. 311 remedies provided in this Mortgage are distinct and cumulative to any other ~.. right or remedy under this Mortgage or afforded lxy law or erluity, and :r~a_v lee exercised concurrently, independ- <-, curly ar successively. v 23. Razeteeaors mmd Assigns Bauad; joist mmd Several Liability; Captions. The covenants and agreements herein contained shall bind, and the rsghts hereunder shall inure to, Ll:~ respective sueressors and assigns of Leader and Borrower, subject to the provisions of paragraph 1 i hereof. All covenants and agreements of Borrower shall ~ be joint and several. The captions and headings of the paragraphs of this \iartgage are for convenience only and are not to be used to interpret or define the provisions hereof. 14. Notice. Any notice to Borrower provided for in this \lortgsge shall be given by mailing such notice by certified mail addressed to Borrower at the Property Address stated below, except for any notice required under paragraph 1$ hereof to be given to Borrower in the manner prescribed by applicable law. Any notice provided for in this Mortgage shall be deemed to have been given to Borrower when given in the manner designated herein. 1&. Uaifozra Mortg¢ge; Goveminq Law; Severability. This form of mortgage combines uniform covenants far national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform secu- rity instrument covering real property. Thss _riortg,~ge shall l;c• governed by the law of the jurisdiction in which the Property is located. In the event that any pravisien or clause of this DfarLgage or the Note conflicts with applicable law, such conflict shall not affect other provisions of this Mortgage or the Note which can be given effect without the conflicting provision, and to this end the provisions of the Mortgage and the Note are declared tv be screiab#e. 16. Borrower"s Copy. Borrower shall be furnished a conformed copy of this Mortgage at the time of execu- tion ar after recordation hereof. 17, traas(ez of the Property; Assumption. If all or any part of the Property or an interest therein u sold or transferred by Barnower without Lender's prior written consent, excluding (s) the creation of a lien or encum- brance subordiaste to this Mortgage, (b) the creation of a purchase money sectrity interest for household appli- aaees, fc) a transfer by devise, descent or by operation of law upon the death of a joint tenant or {d) the, grant of any leasehold interest of three years or less not containing an option to purchase, Lender may, at Lender's option, declare all the sums secured by this Mortgage to be immediately due and payable. IS header exercises such option to accelerate, Lender shall mail Borrower notice of acceleration in accurdaace with paragraph 14 hereof. Such notice shalt provide a period of not less than 30 days from the date the notice is mailed within which Borrower may pay the sums declared due. If Borrower fails to pay such sums prior to the expiration of such period, Lender may, without further notice or demand on Borrower, invoke any remedies per- ruittad by paragraph 18 hereof- l~o~-ifr:r~artar Cav€Rax~. $arra•,:er and F.endet• fur-tlter covenant anir agree as follows: 16. Aeeeleration; Remedies. Except ss provided in paragraph i7 hereof, upon Borrower's breach of any covenant or agreement of $orrower in this Mortgage, including the covenants to pay when due any sums secured by this ~iortgsge, Lender prior to acceleration shall mail notice to Borrower ss provided in paragraph 14 hereof specifyirg: (1l the breach; (2) the action required to cure such breach; (3) a date, not less than thirty days from the date the notice is mailed to Borrower, b}• which such breach must be cured; and (4) that failure to cure such breach on or before the date specified in the notice may result in acceleration of the sums secured by this Mortgage and sale of the Property. If the breach is not cured on or before the date specified in the notice, Lender at Leader's option may declare all of the swuc secured by this Mortgage to he immediately due and payable without ir:rther demand and may foreclose this Mortgage by judicial proceeding. Lender shall he entitled to collect in such proceeding all expenses of foreclosure, including, but not liarited to, costs of dceumentary evidence, abstracts and title reports. 19. Basrower'a Right to Reinat¢te. Notwithstanding Lender's acceleration of the sums secured by this Mortgage, Borrower shall have the right to have any proceedings begun by Lender to eniorm this hortgage dis- continued at bay time prior to entry of a judgment enforcing this Mortgage if: (a) Borrower pays Leader all sums which would be then due under this Mortgage, the Note and notes securing Future Advances, if any, had no acceleration occurred; (b} Borrower cures all breaches of any other covenants or agreements of Borrower con- tained is this Mortgage; (c) Borrower paps ail reasonable expenses incurred by bender in enforcing the covenanfs sad agreements of Borrower contained in this Mortgage and iu enforcing Lender's remedies as provided in para- graph 18 hereof, including, but not limited to, reasonable attorney's fees; and fd) Borrower takes such action as Lem may reasonably require to assure that the lien of this Mortgage, Lender's interest in the Property and Borrowerk nbligstian to pay the sums wowed by this Mortgage shall continue unimpaired. Upon such payment and etas by Borrower, this Mortgage and the obligations secured hereby shall remain in ful! force and effect as if no scealerat had occurred. ~. li~igamea! of Rester Appohtfineat of Receives; Landes #n Pasaeaaioa As additional security here- tmder,Borrower hereby assigns to Deader the rents of the Property. provided that Borrower shall, prior to acceler- ation under paragraph 18 hereof or abandonment of the Property, have the right to collect and retain such rents sa they beasme due and payable. Upon actsrleration under l>aragtsph 18 hereof or abandonment of the Property, Lender. in person, by agent or by judicially appointed receiver s'~sii be entitled to enter upon, take possession of and manage the Property and tq colket the rents of the Property,in~luding those past due. All rents collected by Lender or the receiver shall be applied first to payn~nt of the spats of management of the Property and collection of rents, including, but not limited to, receiver's fees, premiums on receiver's bonds and reasonable attorney's fees, and then to the sums secured by this Mortgage. Lender and the receiver shall he liable to account only for those rents actualh• receis•ed.