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not extend ar pastporte the ;Iue date ai the tnon=_i;i~- ins=ai:n<~rs> :<-Ferrer; zo w paragraphs 1 and 2 hereof or e}range tlae amount of suet, installments 10. Borrower Not Released. Bxtersion of the iivie for paymen? aa• modittcatior. of amortization of the sums securr~i try this ilartgage granted by Lender to ant ~ucressor ut into-rfst of $arrau-~_•r sl:ail Hat operatf~ io release, in any manner, the Ifabiliiy of the original Borro~a•er and Borrocvcr:~ surce=ors in interest. Iprder shall not be requited to commence proceedings against etch successor or refuse to extend time far payment or otherwise madifv amortization of the sums secured Ley tl;is Mortgage its- reason ai :any t2rrnand made ny the origins[ Borrower and ,r Borrower's successors in interes±. "'` il. Forbearance by Lender Not a Waiver. Auy forbearance by Lender in exercising am• right or remedy ~ hereunder, or otherwise afforded by applicable late, shall not be a waiver of or preclude the exert}se o[ any right. "~ ar remedy hereunder. The procurement of insurance or the payment of taxes or other liens or charges by Lender • ~ shall not be a waiver of Lender's right to accelerate the maturity of the indebtedness secured bc• this Mortgage. ~ 12. Remedies Cumulative. All remedies provided in L°ni~ _lortgage are distinct- and cumulative to any other right or remedy under this .looggagc or afforded h}- tact m equity, and may be exercised concurrently. independ- ~ entry ar successively. ~ 13. Successors sad Assigns Bound; Joint and Several Liability; Captions, The cotenants and agreements herein contained shall t,•ind and the rights l:r_rcu:er shall inure w, tltr respective successors and assigns of Lender and Borrower, subject to the proaisiorrs of paragraph 17 hereof. All covenants and agreements of Harrower sha}I b€ joint and setersl. `Phe captions and headings of the paragraph= of this Alortgage are for convenience only and are not to be used to interpret or define the provisions hereof. 14. Notice. Any Halite to Borrower prodded for in this: Mortgage shall he gicen by mailing such notice by certified mail addressed to Borrower at the Property Address stated below, except fw` any notice required ender paragraph 18 hereof to be gicen to Borrower in rite mmutrr prrscni;;rl bt applicable law. Any notice provided for }n this Mortgage shall he deemed to hate been given to Borrow rr when gicen in the manner designated herein. 15. Uniform Mortgage; Governing Law; Severability. 'T'his form of mortgage combines uniform covenants for national use and non-uniform cotenants with limited variations by jurisdiction to constitute a unifornr secu- rity instrument covering real property. This Mortgage shall i,e governed by the law of the jurisdiction in which the Property is located. In the crept that any provis}on m•'clause of this \lortgage or the Note conflicts with applicable law, such conflict shall not affect other irovisions of this ~Iorfgagc or the Note which can be given effect without the conflicting provision, and to this end the provisions of the Mortgage :md the Note are declared to Ira severable. 16. Borrower's Copy. Borrowwer shall be furnished a canfornred con}- of this Mortgage at the time of execu- tion or after recordatior. hereof. 17. Transfer of the Property; Assumption. If all or any part of the Property ar nn interest therein is sold or transferred by Borrower without Lender's prior a-ritten consent. excluding (a) the creation of a lien or encum- brance subordinate to this \lortgage, fbl the creation of a purchase money security interest for household appli- ances, (c) a transfer by devise, descent or by operation al law upon the death of a joint tenant or {dl the grant of any leasehold interest of three years or less not containin:; an option to purchase, Lender may, at Lender's option, declare all the sums secured by this Dlortgage to be iunuediatch• due and payable Lender shall have waived such option to accelerate if, prior to the sate or transfer, Lender curl the person to whom the Property is to be sold or trarsferred reach agn~emeni in writ.iag that the credit of such person is satisfactory to Lender and that the interest payable on the sums secured by this \lortgage .hall 6e at suet; rate as Lender shall request. If Lender has waived the option to aecelerai.e pratided in this paragraph 17 and iF Borrower's successor in interest has executed a writ- ten assumption agreement accepted in writing Try lender, Lender shall release Borrot+•er from aIl obligations under this Mortgage and the Note. If Lender exercises such option to accelerate, Lender shall nrsil Borrower notice of acceleration in accordance with paragraph 14 hereof. 6uch notice shall protide a period ai not lei than 3Q days From the date the notice is mailed within which Borrower may pay the stmrs declared due If Borrower fails to par such sums prior to the expiration of such period, Lender may, without further notice or demand on Borrower. intake any remedies per- mitted by paragraph 18 hereof. \o~-T'~tFC~tt~t t~UtEtigyTS• Borrowor anti Lender furtht~r cutznant and ag•rt•e as follows lb. Aecei+~ratiaa; Remedies. Except as pratided in puragralrit 17 hereof. upoct Borratscr•s breach ~f am covenant or agreentent of Borrower in this Moriga>;e. htvh;ding the cotenants to pay cchrn lino :uty sums secured by this 1lortgage, Lender prior to acceleration shall moil nut ice. to Borrower ax nrotidrtl in paragraph 14 hereof c rerif,'in } t r i f~ l I ~ 7 I-- g' (i, tl e hrea_!.; t.rc action retlrrrres. to cure such b:rar!r: t3! ;: date. not less tltatr th~Kt slits from the date the notice is mai!cd to Barroaer, h}• wltirh stu•h breach must be cured; and tit that iailurr to cure such breach on ar before the date sperihed in the notice may result in acceleration of the aunts ~ecuretl by this ~'Iortgage and sale of the Property. If the breach is not cured on or before the date ,pacified in the notice, Lendor at bender's option uray declare all of the ;urns secured by this Alortgage to be immediately due and payable without further demand and may foreclose chi- Jiortgugc by jurfici.rl proceeding. Lcndt•r shall be entitled to collect in such proceeding :ill expenses of forerlc>,ure, including. but not limited to, costs of docuuu•ntary evidence, abstracts and title reports. 19. Borrowers Riqht to Reinstate. \ohvithstaudiug Lender's uceeleration of the sums secured by chi, Mortgage, Borrower shalt have the righk to hate any procerdin}s begun by Lender to enforce this _ltortguge dis- continued at any time prior to entry al' a judgment enfaprinx this 11m•t};age if: Jai Borraxrr pay. Lender aU sums which would be then due under this ~[ort};agr. ihc• \ote and notes securing Future acttunces, if any, had no acceleration occurred; (h) Borrower cures all breaches of any other cotenants or rrgrretnents of Borrower con- tained in this Mart age; (e) $orrower pati•s all reasouabic c:ipenses itsrm•recl ltv l-ertder 6u cnfarcing the catenatrts and agreements of Borrower contained in tIr'ts Martgat;c and in enforcinJw l.rndrr's rcurrdics as provided in para- graph 18 hereof, including, but not linritrd to. rensonabie ;utornec'c fees; and cdi Borrower takes sue}c action as Lendor may reasonably require to assure that the lion of this Mart gage. bender's interest iu the Proprrt}' anal Borrower's obligation to pay the sums secured by this Alortgarc shall rontinuc tminrpaircd. tlpou such payment and curs by Borrower, this :Mortgage and the obligations secured hereby shall remain in full farce and effect as if tro acceleration-had occurred. 20. Aeefgnmeaf of Rents; Appointment of Receiver Lender in Poasessioa. :ls additional security here- uader, Botrtrwer hereby aseigas to Lender the rents of the Property, provided that Borrower shall, prior to acceler- ation under paragraph 18 hereof or abandonment of the Property, hair the right to collect and retain such rents as they become due end payable. Upon acceleration under paragraph 18 hereof ar abandonment of the Property, I,encler, in person, by agent or by judicia4ly appointed receiver shell be retitled to-inter ulran, take possession of and manage the Property and to collect the rents of the Property, inchtding those past due :11I rents collected by Lender or the receiver shall he applied ftrst to payment o€ the eos-ta of management. of thtr Prolrem= and collection of rents. including, but not limited to, receiver's fees, premiurrrs an receiver's bards crud rcasonahle sttarney's fee- and then to the sums secured by Lhis Mortgage. hander and the receirer shall hr liable to acc•aunt unh• for those ran' sc•tualh rerrited.