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not extend nor grostpone 'the d'ue date a~,t the uaorthlr ::,~tnlYe:e*.rts ref<rrred try irr pa~rsgraphs 7 affil 2 hereoi or change the arriount o~f such i~nstailments- lf). Borrower Not Released. Extension of tltc ;hare for l~ayze.e:~,t or modiiicstion ot" amortizatien of the sums secured key this 'klortgage granted by I..ender to sn}• sr;rcessor i!r ir.=,err-st sr,F Bo.*raw•ea• shall not operate to release, in any !uranner, the liability of the original Borrower anei Borrower's successors in irrterest. Lender shall not be required to commence proceedings against such successor or refuse to cott<nd time for payment or otherwise modify amortisation of the sums secured by this. Mortgage by reason of any demand made by the original Borrower and Borrower's successors in interest. li. Forbearance by Leader Not a Wainer. Any forbearance by Lender in exercising any right or remedy he!•evnder, or othersvtsc afforded b}• applicable law, shall not be a w-aiYer of or preclude 'the exercise of any right or remedy hereunder. The procurement of insursnce or the payment of taxes or other liens or charges by Lender shall noG be a waiver of Lender's right to accelerate the maturity of the indebtedness secured by this ;1•lortgage. 12. Remedies Cumulative. Ali remedies provided in this Mortgage are distinct and cumulative to any other ~ right or remedy under this Mortgage ar atiorded h}• law- or cyuity. and mac he exercised concurrently, independ- ~*! entry or su~cessively- tir;,. 13. Suecesaors. and Assigns Bound; Joist and Severn! Liability; Captions. The covenants and agreements herein contained shall bind, and the rights hereunder shall inure to. the respective successors and assigns of Lender ~„~ and Borrower, subject to the provision of laaragraplr 17 hereof. Atl covenants and agreements of Borrower shall be joint and several. The captions and headings of the paragraphs of this \lartgage are for convenience only and are not to be used to interpret or define the provision hereoi. ~ 19. Notice. Any notice to Borrower provided for in Uris \lortgage shall be given by !usiling =_.uch notice by ~ certified mail addressed to Borrower at the Property Aridness suited below-, except far am• notice inquired under paragraph 18 hereof to be given to Bm•rone;• in the manner prescribed be applicable law. Any notice provided for in this Mortgage shall be deemed to bare been given to Harrower wi!en given in the manner designated herein. 15. Uniform Mortgage; Governing Law; Severability. This form of mortgage combines uniform eovenauts for national use and non-uniforni covenants with limited :•ariations by jurisdiction to constitute a uniform secu- rity instrument covering real property. This Mortgage shall be governed by the law of the jurisdiction in which the Property is located. In the eveni that any provision or clause of this Mortgage or the Note conflicts with applicable law, such conflict shall not affect other 1>royisions of this \iortgage 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 to be severable. 18. Barrow®r ~ Copy. Borrower shall be furnished a conformed copy of this Mortgage at the time of execu- tion or after recordation hereof. 17. Transfer of the Property; Assumption. Ii all or any part. of the Property or an interest therein is sold or transferred by Borrower without Lender's prior written consent, excluding ta) the creation of a lien or encum- brance subordinate to this Mortgage, {b) the creation of a purchase money security interest for household appli- ances, (c) a transfer by devise, descent a• by operation of }aw• 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 map, at Lender's option, declare all the sums secured by this i~iortgage to be immediately due and payable. Lender shall have waived such option to accelerate if, prior to the sale or transfer, Lender and the person to whom the Property is to be sold or transferred reach agreement in writing that the credit of such person is satisfactory to Lender and that the interest payable on the sums secured by this 1•iortgage shall be at such rate as bender shall request. If Lender has waived the option Lo accelerate provided in this paragraph 17 and if Borrower's successor in interest has executed a writ- ten assumption agreement accepted in writing by Lender, Lender shalt release Borrower from all obligations under this Mortgage and the Note. )iS Lender exercises such option to accelerate, Lender shall !!:ail Harrower notice of acceleration in accordance with paragraph I4 hereof. $uch notice shall 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 Burrower fails to pry such suns prier to the expiration of such period, Lender may, without further notice or demand on Borrower, invoke any remedies per- mitted by paragraph l8 hereoi. 'c'orn-Ll*rrr*aatmt C~Oy€r:A\q'6. Borrower and Lender further covenant and agree al follow°s: 16. Acceleration; Remedies. Except as 1,ro:-ide+i in paragr.y!h 17 hereof, upon Borrower's breach of any covenant or agreement of Borrower in this \iortt;agc. hrclucling the covenants to pay when due any sums secured by this ;Riertgage, Lender prior to scceleration =hall mail notice [o Borrower as provided in paragraph 14 hereof specifying: fi) the breach; f21 the sction rcyuirccl to cure such breach; 131 a date, not ]cam than thirty days from the date the notice is mailed to Borrower, b.- which such breach must be ewrd; and 141 that failure to cure such breach an or before the date specified in the notice pray result in acceleration of the sums secured by this Mortgage and sale of the Property. If the bmaclr is not. cured on or before the date specified in the notice, Lender at Lender's option may declare all of the sums secured by this Jiortgage to be immediately due and payable without further demand and !nay foreclose this jlortgagc by iudicial proceeding. Lender shall he cntitleci to collect in such proceeding all expenses of foreclosure. inchuling. but not limited to, costs of documentary evidence, ab??tracts and title reports. 19. Borrowezs Right to Reinstate. \'otwithstanding Lender's acceleration of the sums secured by this Ntortgage, Borrower shat! have the right. to have any proceedings begun by Lender to enforce this Mortgage dis- continued at any Lime prior to entry of a judgment enforcing this Ziortgage if: (al Borrower pays Lender all soma which would be then dtie under this \iortgage, 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 eon- Lalaed in this Mortgage; (e) Borrower pays all reasonable expenes incurred by Lender in enforcing the covenants and agreements of Borrower contain+d in t-his ~4ortgage and in enforcing Lender's remedies as provided in para- graph 18 hereof, including, butnot limited to, reasonable attorney's fees; and ldl Borrower takes such action as L~tder may reasonably require to assure that the lien. of this ~iartgage, Lender 5 interest in the Pmperty and Borrower's obligation to pay tf!e reins secured by this 34ortgage shall continue unimpaired. [,ipso such payment and clue by Borro9rer; this Mortgage and the obligations secured hereby shall remain in full force and effect as if no acceleration had: occurred:.. ~. liu4 of Rarst$ Appointment of Rsceiver, Leader is Possessiaa. As additional security here- under; 23©~rawer hereby assigns to I:ender tfie rents of the Property, provided that Borrower shall, prior to aecsler- atioa under geragraph 18 hereof or abandonment a£ the Property, hsve the right to collect and retain such rents sii become due sod payalilc: Upon-aeeeteratian under Paragraph l8 hereof-or abandonment of the Properly, Lender, in person, by agent or byr judit:iafly appointed receiver shall be entitled to enter-upon, #ake possecion of and manage the Property and to collect the rents of -tile. Property„itieluding-those past due. Ali rents collected by Lender or the receiver shall be applied first to payment of the-costs of management of the Prolmrty and coliectian of rents, including, }art not limited to, receiver's fees, premiums an receiver's bond= and reasonable attorney's gees. and then to the sums secured by this Mortgage. Lender and the receiver shall be liable to account only for those rents artuallp received.