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C not extend or postpone the due date of the mtont.lah- ia:.:trrllrcrc-nt~ referred to in paragraplgs 1, sand `Z hereof or change the amornt of such installments. 18, Borrower Not Released. Extensiouz of Lat:~ time for payment or modification of arortization of flee sums 'secured hy'phis i'rlortgage granBed !>}~ I_encier to any successor in interest of Borrower eh'all nrrt aperate to release, in any manner, the liability of the original Borrower and Borrower's successors in interest; Under shall not be required to commence proceedings againsi such successor or refuse to extend time for payment or otherwise modify amortization of the sums secured by this Mortgage by rearms of any demand made by the original Borrower and Borrower's successors in interest. 11. Forbearance by Lender Not a Waiver. any forbearance by Lender in exercising any right or remedy hereunder, or otherwise afforded by applicable tare, shall not be a wai ~ er of or preclude the exercise of any right ~ or remedy hereundet•. The procurement of insurance or the payment of tars or other liens or charges by Lender r~ shall not be a waiver of Lender's right to accelerate the nzaturit_v of the indebtedness secured by this \lortgsge. `x 12. Remedies Cumulative. All remedies provided in tiffs ~fortgagc arc distinct: and cumulative to arc other ~ right or remedy under this Mortgage or afforded h} law or equity. and nua}• be exercised c•oneurrently, independ- '~ early or sucesssively. .~ 13. Successors and Assigns Bound; Ioint and Several Liability: Captions. The covenants and agreements 1 herein con±ained shall bind, and the rights hereunder shall inure tn. the respe~tivt• successors and assigns of Lender tT and Borrower, subject io the provisions of paragraph 17 hereof. All carenant.< and agreements of Borrower shall r., be joint and several. The captions and headings of the paragra~:6~ of this \Iortgagc arc 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 ~lortgagc shall b=~ given by trailing such notice by certified mail addressed to Borrower at the Yroperty -lddress stated hcluw. excels for am• nonce required under paragraph 18 hereof to be given to Bm•rower in the utamzer prescrthcd h}~ applirsblc law. any notice provided for in this Mortgage shall he decreed io have beer, given to Borro•,ccr ,vhe^ given ut the manner designated izerein. 15. Uaiform Mortgage; Governing Law; Severability. "Phis torm of mortgage combines uniform covenants for national use and non-uniform covenants with limited t•anations b}• jurisdiction to constitute a uniform secu- rity instrument covering real property. This Mortgage shall be governed h}- the Ise• of the jurisdiction in which the Property is located. In the event that any provision or clause of this Mortgage or the \TOte conflicts with applicable law, such conflict shall not affect other provisions of this \lortgsge or the Note which can be given effect without. the conflicting provision, and to this end the provisions of the \Iortgagc and the Note are declared to be severable- Ifi. Borrower's Cogy. Borrower shall be furnished a conformed copy of this liorigsge at the time of execu- tion or after recordation. hereof. 17. Transfer of the Property; Assumptian. If all or any part of the Property or an interest therein is sold or transferred by Borrower without Lender's prior written con_cent. exrhtding (a) the creation of a lien or eneum- brs>nce subordinate to this Mortgage, tb) the creation of a purchase money security interest for household appli- ances, (c) a transfer by devise, descent or by operation of lath upon tl.e death of a joint tenant or (d) the grant of any leasehold interest of three years or Less not containing ar. option to purchase, Lender msy. at Lender's option, declare all the sums secured by this Mortgage to be inuuediateh• true and payable. Lender shall have waived such option to accelerate if, prior to the Bale or t-ransier, Lender and the person to whom the Property is to be sold or transferred reach agreement itz writing that the credit of such person is satisfactory to Lender and thst the interest payable on the sums secured by this Mortgage shall be at such rate as Lender shall request- If Lender has waived the option to 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 shall release Burrower from all obligations under this Mortgage and the Note. , If Lender exercises such option to accelerate, Lender shall wail Borrower notice oI acceleration in accordance' with paragraph 14 hereof. Such notice shall provide a period of not Icss than 3U da}s from the date thc_ notice is trailed within which Borrower ma}• pay the sums declared due. If Borrower fails to pay such sums prtor to the expiration of such period, Lender may. without fin•ther notice or demand on $bt•rower, invoke any remedies per- tritted by paragraph l8 hereof. \tox-I`rrtaonst CovexwsTS. Bort•uwcr and Lender further coveutuzt turd scree as tolkiws: 18. Acceleration; Rem@dies. L:xcept :es providc~l iu paragraph 77 horcof, neon liorrower:~ hr•eaeh of any covenant or agreement of Borrower in this \loi•tgage, including thr covcnsueh to pay when due any runes secured by this ~'lortgage, Lender prior to acceleration shall until notice to Borrower as provided in paragraph 14 hereof specifying: fl) the breach: t21 the action. rcquiret': to cure such breach; t,ll a date, not Tess than thirty days from the date the notice is uuiiled to Borrower. he a-hich sut•h hrcuelt must be cared: and Ili that failure to cure such breach on or before tl~tc date specified in rice notice shay result in acceleration of the soots .ceureel by 'this Mortgage and sale of the Property. If the breach is not cared on or befmr the date specited in the notice, Lender at Lender's option may declare all of the sums secured by- this \lortgsge to be immrdiutciy due and payable without further demand and tray foreclose this \la•tguge b}• judicial proceeding. Lender shall be entitled to collect in such proceeding all expenses of foreclcsurc. including, but not limited to, coats of documentary evidence, abstracts and title reports. 19. Borrowaia Aight to Reinstate. Notwithstanding Lender's ;u•ccleration of the sums secumti by this A•lortgage, Borrower shall have the right to have any proceedings begun by Lender to cntoree Ibis Jlortgage dis- continued at any time prior to entry of a judgment enforcing this \Iortgagc if: Ia1 Borrower pays Lender all sums which would be then due under this MotTgage, the Note and notes securing Future advances, if any, had no acceleration occurred; {b) Borrower cures all breachos of any other covenants or agreements of Borrower con- tained in this'\4ortgage; tc) Borrower pays alt reasonable expenses incurred by Lender in enforcing the covenants and agreements of Borrower contained in this \Iortgagc and iu enfa•eing Lender's remedies as provided in parsa- graph 18 hereof, including, but not limited to, reawnablc stttorney's ices; suxl rdl Borrower takes such action as Lender may reasonably require to assure that. rho lien of Wis \Iortgagc, Lender's interest in the Yroperty and Borrower's obligation to pay the sums secured by this Mortgage shalt rontiuuc unimpaired. Upon such p:aynzent and cure by Borrower, this Mortgage and the obligations secured hi reb}• shall remain in full fot•ce and effect ns if no acceleration had occurred. 2i1. Aasigament of RerNa: Appointment of Receiver; Lender in Possession As additional security here- under, Borrower hereby assigns to Lender the rents of the Property. provided that Borrower shall, prior to acceler- ation order paragraph 18 hereof or abandonment of the Yroperty, have the right to collect and retain such rents as they become due and payable. Upon acceleration under paragrapi~ I8 hereof or abandonment of the Yroperty. Lender, in person, by agent. or by judicially appointed receiver shall be entitled to enter unon.takc possession of and manage the Yrnnerty and to collect the rents of the Property, including tfiose pasi flue .411 rents collected by Lender or the receiver shall be applied first io paytnent of the cosis of nzanageruen( of the Property and coilcc•tion of rents, including, but not limited to, receiver's fees, premiums on receiver's bonds uud reasonable attorney's fens. and then to tl.e scans secured by this Mortgage. Lender and the receiver ;hall he liable to account only for those rents nctualh~ received.