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not extend m• postpone the due date of the monthly instalhnente referred to in paragraphs 1 and 2 hereof or
<br />change the amount of such installments.
<br />10. Borrower Not Released. Extension of the time for payment or modification of amortization of the sums
<br />secured by this Mortgage granted by Lrarder to any successor in ihierest of Borrower shall not operate to release,
<br />in any manner, the liabilit3~ of the original Borrower and Borrower's successors in interest. Lender shall not be
<br />r wired to commence iro e
<br />eq a edin s a sinst such sucees
<br />I 60C OI' I'PI.1~C
<br />g 8 to extend t•
<br />rme fa
<br />r 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 />11. Forbeazrmce by Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy
<br />hereunder, or otherwise afforded b}• applicable law, shall not be a e•aiver of or preclude the exercise of any right
<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 Lenders right to accelerate the maturity of the indebtedness secured by this b4ortgage.
<br />12. Remedies Cumulative. :UI remedies pravided in this Mortgage are distinct and cumulative to any other
<br />right or remedy under this Jlort.gage m• nfforcted by few or equity, and may br exercised concurrently, independ-
<br />ently or successively.
<br />~ 13. Succeaeors sad Asaigas Bound; Iaiat and Several i.iability: Captions. The covenants and agreements
<br />~ herein contained shall bind, and the rights hereunder shall inure to. the respective successors and assigns of Lender
<br />~ and Borrower, subject to the provisions of paragt.•rph ] ; hereof. Ali covenants and agreements of Borrower shall
<br />~ be joint and several. The captions and headings of the paragraphs of this \[ortgage are for convenience only and
<br />are not to be used to interpret or define the provisions hereof.
<br />19. Nntiee. Any notice to Borrower prodded for in this Mortgage shalt he giveu by mailing such notice by
<br />+~~~ certified mail addressed to Borrower at the Yroperh• .address stated below, except for any notice required under
<br />paragraph 18 hereof to br given to Borrower in the nurnnc:• n•escrihed by npplicablc law, any notice provided
<br />Qt for in this iltortgage shall be deemed to hart beeu given to Bm•eocvrr when given in the manner designated herein.
<br />1'r 15. Uniform Mortgage; Governing Law: Severability. This form of mortgage combines uniform covenants
<br />for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform secu-
<br />rity instrument covering real property. i'his \lortgagc shnll be governed by the law of the jurisdiction in which
<br />the Property is located. I,n the event that any provision or clause of this \•fort.gage or the Vote conflicts with
<br />applicable law, such conflict. shall not afTect other provisions of this \lortgage ar the Note which can be given
<br />effect without the conflicting provision, and to this end the precisions of the. ~inrtgage and the Note arc declared
<br />to be aeverabie.
<br />1¢, $otrroweis Copy. Borrower shat! he fu^tishetl :, cuuforme~i copy of this Mortgage at the time of execu-
<br />Lion or after recordation hereof.
<br />17. TtansEez of tits Property; Assumption. if :ill or ant part of the Property or an interest therein is sold
<br />or transferred by Borrower without I.+:ztder',s }trier writtcet consent, excluding ta) the creation of a lien or encum-
<br />brance subotdfnate to this Mortgage, ~ b) the creation of tt purchase move}• security interest for household appli-
<br />ances, (c) a transfer by devise, descent or by operation of law upon the death of a joint tenant or (d) the grant of
<br />any leasehold interest of three years or less not containing xt; option to purchase, Lender mac, at. Lender's option,
<br />deolare alt the solos secured by this Mortgage to 6e inauediateh• due and paysblc•. Lender shall have waived such
<br />option to accelerate if, prior to the safe or transfer, Lcnriet• and the l;rrson to ~i-hem the Property is to 6e sold or
<br />trtansferted reach agreement in writing thst-the credit of wch person is saur:factory to Lender and that the interest
<br />payable on the soars secured by this Mortgage shad br at such rate as Concise shall request. If Lender has waived
<br />the option to accelerate provided ut this paragraph 1 i and ii Borrower's auci•essor in intemst has executed a writ-
<br />ten assumption agreement accepted in writing by l.encier. Lender shall ttleaa: Borrower from a!I obligations under
<br />this Mortgage and the Note.
<br />If Lender exercises such option to accelerate, Lender shalt mail Horrowr;r notice of acceleration in accardanee
<br />wine paragraph I4 hereof. ~ueh notice ,halt provide a period of not ic- ir;tn 3ti :t.yS from the via€t= tlrr Cic3tic'~ i;•
<br />retailed w{thin Khich Borrower way pay the sums declared ,lour. If Bt,rniwrr t:tiir eo pa}- sorb sums prior to the
<br />- expiration iif tsueh period. Lender tray, without fut•thi•r nuhec ur de•tuund Stu Birrrol.rr, invoke an~• rem~li~ ~~r-
<br />aittrd by ptuagtsph It± itrri'of. '
<br />.'aei;t-T`~rt?e,x~t t'tts•r;':Atitt:. Rorrawc r° troll I.t•ntlt•r zut•ther c•cn•rttaut tort( agri,.• a i~,1lt,ec~;
<br />1$. ][ocsleratien: Re~e~aee. E:xcit-t r }u•o~ isle,!. 1n ~r~ ,.: } t ~ -r.= .: '-,~ ,~~ ~?h ~ nnv
<br />eocenantoragrrrrnont at Borrower to tilt. 1{ortt;.r},,, Includitg the utltn•uttti to ,ttn• t.~htn duo :utti tm;.. _eccrtrctii
<br />by this \lurtgage, Lender I~rror to sect=Ieratt~r, <hall nr,il ttutrcr tot linrrotr,•r as }+rr,i`uie«i ur }+aragralrh t# hereof
<br />apeGf)'ing: 111 the breach, r j; the ucUOn rrqutred to tore ouch hrraclr. t~ir tr daR•. not ie~ t#ratt thirty eiata
<br />form the date the nutter tr ntatlcvl to Burroecer. Inc .r blob ..wch l~n;u•h natal be cured. au.i rat thtu {atlutvt to can
<br />such breach on nr before the date n(tectriC91 ru the owlets uury result in at•reler~tiun of the stints ecurr~i b~- this
<br />~lnrtga~ and sale of the Property. !f the her°aclt is oat cure,l or ur 6rfare the ;late specitit~i In the notice, Lender
<br />at Lender's oliiion utay deilan• all of the a,.tm.erurcd by thin \lurtgagc to he ntmrtviiatety due and payable
<br />without further demand anti ma} farerlase tire; Siurtgagc-Iry ludiciul prucrrr}tnk. Lender rhati Ire entittti to eollc~t
<br />in such 1>roct~iutg alt extrennes of foreelo.ure, umin,ling, hat tttn linnh•d tu, roars rii dt„•uuteutan• evidence.
<br />abstraet® and title reports.
<br />lg. Aor+ewar; Aiy}}tt to 8tigstorb. Votw•ithswndtut; bender's ureclrratiun of the soots secuttvi by this
<br />latnrtgage, torrower sba{l have the; right to hero any prctceetiing~ begun !,}° ].ender to entc,rce this itortgage dis-
<br />etrntinued at any time prier to entry cif a }udgmrnt eutt~•cirrg thin ~Iurtl;agr• if: rut Borrower iu~ys ].ender ail
<br />autos which would be then due- under this Slnrtgage, the Note anti Writes stouring F'utum adi°ances, if any, had no
<br />aooeleration occurmd; th) Borrower cures tell ttreat°hea of :utv ether covrnuut, ar agrrc•ruents of Barrawer eott-
<br />Gtined in this Mortga~t; tc) Bet't"nwer pays all re~rtn rla'c• t~x,>= r to ~trr~# t=~ I.r~nc{r.-r in r~nfnrt isi}t €he t•in en,rnts
<br />and a~reeinents of Barrowcr eontaineti in tilts .`,lurtg.r},e cold nt i rtfur* ing Lender's rctnedies ns pruvitlcd in Para-
<br />graph 1$ hereof, including, but not limited to, reasonable arttutntey', fees: ,rod tell Borrower takes such sedan as
<br />Lerreler mny reatsonably require to ttssute that tler lira of thi+ Mortgage, Lrnder'a itttrrest in the Property and
<br />HQrtoxtar'e obligation to pay the stu€s~ ~cureci by thi= Mertgtti;tr shalt runtinuc uaitupaircd. L`1wn such payment
<br />and sure byHorrower, this Mortgage and the obligations securetf hereby shall remain in full force aru{ elteet as if
<br />no ae~leratian had- escorted.
<br />~ meat ~)' App~ottaent o! ltrcaiter. Lender in Poseatuioa :1. aciditioual security here-
<br />under, BRtmwer hereby aehigns to Lender the rents of the Property, providcri That Borrower shall, prier to acceler-
<br />ation under paragraph 1$ hereof or abandonment of the Property, hat•c the right to collect anti retain sorb rents
<br />as-they boeozttadue aad payable.
<br />Upon agseleration under. paragrnplt 18 hereof ur atutndontnent of the Property, Lender, in person, by agent
<br />or_ by ~ttlioially appoint~l receiver shall he entitled to enter upon, take pacseaciort of and manage the Property
<br />and tp collect the rents of-the Propeerty, including those past due.:lli rents collected by I.endcr or the receiver
<br />shall be applied first tti payment nt tht=coats of rnattageutsnt of the Property and co[ict•tiun of rent,, ineludin_k, hot
<br />not ]trotted to, rceiver'; ieett, prsm{ums oh receivers hood. ,end rrasmtabie zutorncy`.~ fern. sort then ti, the ,wore
<br />secured by Chia Mortgage, bender and the reoeiycr s6a11 be Iiuhle to account only fur tlu~•~c roia~ actually roccivr~i.
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