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<br />not extend or postpone the due date of the monthtc installments refer:•ed to in paragraphs 1 and 2 hereof or
<br />el:arge ±he amount of such installmer;ts.
<br />10. Borrower Not Released. Extension of the tithe for payment or modirication of amortization of the sums
<br />secured by this Mortgage granted by Lender to any successor in interest of Borrower shall not operate to release,
<br />in any manner, the liability of the original Borrower and Borrowm•'s successors in interest. Lender shall not be
<br />required to commence proceedings against such successor or refuse to extend time for payment, or otherwise modify
<br />amortisation of the sums secured by this \Ivrtg-^-gz h; -reason of a .• don::.::c? ^•acte by the originak Barrovzr and
<br />Borrower's successors in interest.
<br />II. Forbearance by Lender Nat a Waiver. Any forbearance by Lender in exercising any right ar remedy
<br />hereunder, cr otherwise afforded by applicable Iaw•, shalt not he a waiver of or preclude the exercise of any right
<br />or remedy hereunder. The procurement. of insurance or the payment of faxes or other Yens or charges by Lender
<br />shall not be a waiver of Lender's right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />~, 12. Remedies Granulative. AI! remedies provided in this \Sortgage are distinct and cumulative to any other
<br />right or remedy under this ~forigage m• afforded by law a• equity. and may hr exercised concurrently, independ-
<br />.,,, ently yr s~~ccessivsly.
<br />:• 13. Successors and Assigns Bound; Ioint and Several Liability; Captions. The covenants and agreements
<br />°-j herein contained shall bind, and the rights hereunder shall inure to, the respective successors and assigns of Lender
<br />1 and Borrower, subject to the provisions of peu•agraph 17 hereot.:111 covenants anct agreements of Borrower shall
<br />~ ~ be joint and several. The captions and headings of the parxgr•.tphs of this \lortgage arc for convenience only and
<br />~ are not to be used to interpret m• define the provisions hereof.
<br />14. Notice. Any nuticc to Borrower provided for in this \lurtgagc shall he given by mailing such notice by
<br />certified rani! addressed to Borro:arr at the Yrvpcrty :lddress stated hdow. cscept fm• any notice required under
<br />paragraph 18 hereof to be given to Borrower in the wanner In~eseribed by applicable law Acv notice provided
<br />far in this ~4ortgugc shall he deemed to have been given to Bvrrotrer when given in the manner designated herein.
<br />I5. Uniform Mortgage; Governing Law; Severability. 'Phis form of mortgage combines uniform covenants
<br />for national use and nun-uniform covenants with limited variations by jurisdiction to constitute a uniform secu-
<br />rity instrument covering real property. 'I'bis \lortgage shall be governed by the law- of the jurisdiction in which
<br />the Property is located. In the event that any provision or clause of this \lortgage or the Note conflicts with
<br />applicable law-, such conflict shall not affect other provisions vi this \lortgage or the Noie which can be given
<br />effect without the conflicting provision, uud to this end the provisions of the \lortgage and the Note are declared
<br />be severable.
<br />I6. Borrower's Copy. Borrower shall he furnished a conformed copy of this \lortgage at the time of execu-
<br />tion or after recordation hereot.
<br />I7. Transfer of the Property; Assumption. If all or any part of the Property or an interest therein is sold
<br />or transferred by Borrower without Lender's prior written consent, excluding (a) the creation of a lien or encum-
<br />brance subordirate to this Mortgage. I ht the creation of a purchase money security interest for household appli-
<br />ances, f c) a transfer by dense, descent or by operation of laa• upon the death of a joint tenant. or (d) the grant of
<br />any ieasehald interest of three years or less not trontaining su option to purchase, Lender may. at Lender's option,
<br />declare all the sums secured by this Mortgage to be inuttediutcly due and payable Lenrier shall have waived such
<br />option to accelerate if, prior to the sate or transfer, Lender and tltc person tv whom the Yrvpcrty is to be sold or
<br />transferred reach agreement in writing that the credit of such person is sutisfuetory tv Lender and that the interest
<br />payable on the sums secured lay this Mortgage shalt be at such rata as Lender shall request. ti Lender has waived
<br />the option to accelerate provided in this paragraph l7 and if Bon•ow•et's successor in interest has executed a writ-
<br />ten assumption agreement accepted in writing by Lendr+•. Lender ,hall release Bvrrvrver from sll obkigations under
<br />this Mortgage and the Note.
<br />If Lender exercises such option to accelerate, Leader shall rani! Borrower notice vt acceleration in accordance
<br />wilt paragraph 14 hcn'vt. Such ^uucr shsh prayidr• a peritHl uC itut lec~ tltitri 30 days froth the date the nvticc is
<br />mailed within which Burrower utag pay Utr +wus declarrrt du+~. li k3orrrncr•r fail:! to fury <tteh soot.: prise to the
<br />expiration ttt suekt perirxi, !.ender taay. wittxsut tttrtltrr nvticc ur +hutard un Bvrraw€r. invoke any rentetfirs prr-
<br />tnitt+rtl by parat~raplt 2f3 hereof.
<br />:'saw-t_`~trQtt:.t i'cyr;t,~_.T:;. Iltrere>vcr eta I:€3t:€t€t €ttrei.€: coy€,t,tttt tt=.d :,>'r€~~ _ts f€~ll€+w'4:
<br />I!. ~CCf111rQ~0rl; Rsmulles. F-xrrld a~ prPi id++t in t~s ra~r;tpl! 17 iu•rr(1t, !!purl P,orroceerr I?!'P;teft 22I any
<br />covenant or agreement of Burrower in tlti~ \lurtgu};e, inr!u~lmi; the cov.•ntutts to pay whoa +ha• any sum> secured
<br />by this \lortgage, Lender prior to aۥcrlrrution .>hall coat' none+~ to fiorruwcr an. provided rat parugraplt l9 hereof
<br />speoiiying: (lI the breach; i2t the tretton requi~rd to carp surlt htv>arkt^ i~3i a date. nut. te.~< thaut thirty days
<br />!tarn the date the notice i~ ntailfti t•> tlerrovr+rr, !'r ~,elur!; ..a:!; !:rc ;, h r tst ir,~ rutcJ . ,cn~l ~ 9 ~ that failure to cure
<br />such breach on or lk>forn the dau• s}x~ci6tvl in the nuticr• nary result-iti'~~ui•ce}rratiun of the ~wux secured h}' this
<br />'tlortgag0 and sale of the I'rol~rty. tf the breath is nut rurrYi ..rt or Lrfutt~ flu dut~• .y+rr•ificd in the notice. Lender
<br />at Lender's Option may dt~lare ati o{ the sung. n€ti•urrri 6g thts Alort}tagc to he innnediuteh- due uud payuhtr
<br />without. fur~het•demanti and Wray furertasc tlr~~ \lurtga4r by iudtciu} procredin{;. Lender shall be entitled to collect
<br />in :rush prac~ling tat expetx.z~ of ivrrckksr,•. tuclu~liun, but tau !tt;nh•+1 to. ct~-t_, of dsc•uwvutat_v evidettcc•,
<br />abstracts and title report;r.
<br />18~, y's ~9ht 4a AsisHala. lukwith-~tandtng LE•uder'. ucericrutiun ut the sums secure€I by this
<br />Mos~tgage, Barro'arer shat! have the right to have any pr€u•rrdings l+rgun by Lender to enforce thin Mortgage df::-
<br />oontanued at shy tsitn0 !setae tO Ontry of a IudRmrnt enf€tlcut}; this \lort};ttKe rl: let F3urruw'€•r lrayx Lender elk
<br />earns whl0h wOttkt he then duo under this \lartgagc, the \otr turd oaten necuriu}; F'utuee ,advance.. if attr, had nu
<br />aeoeleration ooeurreti; (bl Forrower curer tal breaehrn of any other rncenunts ur aKmentrnts of }lurrrawer cat-
<br />iainsd intltis tvlort#age; I03 HOrrOtser pays all rrttsonai€ke cxprnscn inrnrrtvi by Lcndcr in enforrin}; the cvyrnantr,
<br />acid agr*~s of flOrr6rver Ooatair.~l in tktiz tlutt~;agr and in rnfotrmg I,cndrr'x tt•mrrki€•n ur pr€x•i€icKi in I+ara•
<br />graph lg hereof, in0~uding, but hat Limited to, rcusortablr auornry's ftY',; uud tdt Bvrrvwer takes such art tun as
<br />Lender they reasanabiy rerlttir0 tO t,tsaure that the flea of this llortgngr, Lrndcr'.~ irttcrrst in the Property and
<br />Borrovtrer's obligation to pay th0 sums s0eurr€i by ihi. lortgage shall cuotinuo unhnpaintil. lrpon ,ouch pattm-rat
<br />amt eur0 by Borrower, this :l4ortgage atul the obli~atiotts nerumi hrrebt~ nh:a! remain itt full fume and €,ff€vt as if
<br />no acseleratian had acurreci.
<br />~. As~tsostal a! A~ttuW JrippQiatpteztt of Ileceir~r: Leader is Possession. :1* udriitivnal security here-
<br />rtgder, Borrower hereby asaigne to i:ender rite rents Of the Property, lrovided flan Ilorruwer shall, prior to uccelrr-
<br />atian under paragraph IS hetvOf or alwndonnteut of the Yrolirrty, hove the right ro cullrrt and retain ranch rrntn
<br />as they heaome due atui paye6le.
<br />Ilpan ao0eleratian under itatagraph 18 htrea9 ar alrandanrnrnt of the: Yropxrtr. I.rnrlrr. in }~r~rson, b}• FtKcnt
<br />ur by judiculty appointed receiver sha[I he entitled k4 enter itlu>n, take Iwr e inn ut and uutna};e the Yroperta•
<br />and t4 PAlleet. the rents al the Ftapcrty, irchuling thane post dtu_•. ,ill trots t•allectrd to I.enclr•r or the. rrcei:er
<br />shall }~ apLrl~ Etst ~ ~yment of t60 coats of tnanegenirnt ~!f ihr Prvpcrtr° td colke~•tn+n of rs nr., ert+ a rate. t,nt
<br />not lkmite<i tu, turrivOr"s foes, prerniumn utt rrceivrr's Ixut+Is and re :rsotuthir atternrv ~s to+•*. atr,i tL•+~ti n. rh+~ -:uu>
<br />saxur+:r4 by this Mortgage. I,zttder an<# the receiver nhe.It !v hat+lc to u~,~tnwt onSv far tho.r r~•m.:+,•tu:tll: ,. ,;:+~,•,I
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