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not extend or post-pone the due date of the month)}' installments referred to in paragraphs I and 2 hereof or
<br />change the amount of such installments.
<br />10. Borrower Not Released. Extension of the time ia• pa}•ment. m• modification of mnortization of the sums
<br />secured by this Mortgage granted Uy I,cmier to ate}• successor i^ interest of Barrvu•cr shall not operate to release,
<br />in any manner, the liability of the original Borrmvct• and Borrower's successor= in interest. Lender shalt not be
<br />required to commence proceedings againsk: such successor ar refuse is extend time for payment or otherwise modify
<br />amortization of the sums secured by tins \larrgsgr I»• rcasou of an}• demand made by the original Borrower and
<br />Borrower's successors in interest.
<br />11. Forbearance by Lender Not a Waiver. Any forbearance by bender in exercising any right or remedy
<br />hereunder, or othervise afforded by applicable law, shah not he a tcaiver of m• preclude the exercise of any right
<br />~ yr remedy hereunder. The pracurement of insurance or the pa}•ment of taxes ar other liens or charges by Lender
<br />~+ shall not be a waiver of Lender's right to accelerate the msturity of 'the indebtedness secured try this Mortgage.
<br />1Z. Remedies Cumulative. .411 remedies provid[vl in +his Mortgage are distinct and cumulative to any other
<br />~r right or remedy under this Mortgage or affm•c{cd h}• late' or equu}-. and mar he exercised concurrently, independ-
<br />ently or successively.
<br />13. Successors and Assigns Bound: Joint and Several Liability; 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, strbiect to the provisions ai paragraph I: hercoi.:11] covenants and agreements of Borrower shall
<br />01 be joint and several. The captions and headings of the paragraphs of this \lortgage arc for convenience only and
<br />are not to 1>e used to interpret or define the provisions hereof.
<br />14. Notice. Any notice to Borrower pmridrvi for in thi Alortgage star)! be given be mailing such notice by
<br />eert.ifled mail addressed to Borrower at the Yropcrty ~ldriress stated helon, except tar any notice required under
<br />paragraph 18 hereof to be *icen tv Borrower in tic manner presceiired be applicable law. 61ny notice provided
<br />for in this Mortgage shall he deenreri to hsc~~ been given to Borrower x teen giceu m dx• manner designated herein.
<br />I5, IIniform Mortgage; Governing Law; Severability. •I'his fm•m of mortgage combines uniform covenants
<br />for national use and non-uniiornr covenant: w'iti, limited Variations b}• jurisciictiott to constitute a uniform secu-
<br />rity instrument covering real propem-. This Mortgage shsil be governetf by the tau' of the jurisdiction in which
<br />the Property is located. In the event that am' pracisimr or clause of this Alortgage or the Note conflicts with
<br />applicable law, such conflict shat) not affect other provisions of this \lortgage or the Note which can be given
<br />effect without the conflicting provision. and to this end the provisions of rite \lortgage and the Note are declared
<br />to be severable.
<br />I6. Borrowers Copy. Borrower shall be {urrisheci a conformed cape of this Mortgage at the time of exeeu-
<br />*_.ion or after recordation hereof.
<br />17. Trancafer of the 1roperty; Assumption- If alt yr any part of the Property or an interest therein is sold
<br />or transferred by Borrower without Lender', prior writtetr consent, excluding (s i the erection of a lien or encum-
<br />brance subordinate to this Mortgage, tb i the titration of a purchase money security interest for househo]d appli-
<br />smees, (cj a transfer b_r- devise, descent or by olreratian of law- upon the death of a faint tenant or (dl the grant of
<br />any leasehold intemst of three years or leas not cantaitring an option tv purchase, Lender msy, at Lender's option,
<br />declare all the sums secured by this ~fortgagc to be immediately clue and payable. Lender shall bare w=rived sutiit
<br />option is accelerate if, prior to the sale or transfer, Lender and Tire person to whom flee Property is to lx: °~,d or
<br />transferred reach agreement in writing that the credit of welt person is satisfactory tv Lender nerd that the interest
<br />paysble on the sums secured by this Mortgage shall lee at such rate as Lender shall request. If Lender has waived
<br />the optton to accelerate prat°ided in this paragraph I' and if Borrower's succesor in interest fats executed a writ-
<br />ten assumption agreement accepted in writing be I:ender, Lender shalt release Borrower from all obligations under
<br />tftis %notgage and the .vote.
<br />If Lender exercises such option io accelerate, Lender shall mail Borrower notice of acceleration in accordance
<br />w•itlr paragraph 14 hereof. inch notice shall procidc a period of not lens than 30 Jac, fram {tee date the not-ice is
<br />mailed within which Borrower msy pay zfte sums declared due. Ii Borrotcrr fails tv p:t}' >uch sums prior to the
<br />expiration of such period, Lender rosy, without iunher naticc or• =+.ernand on Harrower, it;cvke any remedies per-
<br />mit+.~ by para~>gph 18 hereof.
<br />\a:r--I"~iFOnnt f'ocz:t...,~T.. Rvrrotcer xnd Lender further eovvnant :end an=tee x. 1o110LVv
<br />I$. Ascoleratiom Remedies Esz-apt as {zroride.l i:: {~:u~agr:,;=h I; Irrrcof. upon Borrower'* breach of am•
<br />evvenant or agreement of Borrower ir,--this 4lortgsg=•. usriu=lutg the rvicenants to pay when due am• scans securer)
<br />by this \lortgage, Lender prior tv acceleration sl.ali mail uotic•c to Borrower ;a provided in paragraph 14 hereof
<br />specifying: 111 the breach: +2i the action re<luire=i u+ cure much nreaclr: tat :; ,fate, trot less than thiry days
<br />from the date flee notice is nraifed to Uorrowes. he tci~trf: =uri: hrrscl~ must hr cured: ant ~dl filet failure to cure
<br />such breach on or before tae date specified in tiro notice uta}• rt~ulr in acceleration of the cocas secured by this
<br />Mort~gaee and sale of the P>nlrer}•. If t l~re breach is nm cured ar- or ireiorr the date specified In da• notice, Lender
<br />at Lender's option may declare alt of the curs secured by uus Alortgage to he invnediately due and payable
<br />without further derr~d sn[i mac ia.^eclase ihi, Aforgagr ir: ju=?ici:a pretier^rlirg. hc•n=ler shall lee entitled to collect
<br />in such proceeding ail rsuerrnes ai inreciasurc. mclu~iing, but not iiutiud ro. rost.< of documentary evidence,
<br />abstracts and ti#le reparts.
<br />i& $orrowers Right to Reinstate. \o[w•itiraanding Lender's acceleration of the sums secured by this
<br />havit~age, Borrower shall have the right to hscr sn}• proceedings I>rgun he I _•nier tv etrforee this ylortgage dis-
<br />crontintied at any time prior to entn• of s judg*nenr enioTcing this \lortgage if: tai Borrower pars Ixnder all
<br />sums which would be then due under this \fargrgc, the \o[e and note. securing Future .advances, if any, hart no
<br />acceleration oeeurred: ibl Borrower cures all t,rear•Irc~s of an} other cnren:rnrs or agreements of Harrower con-
<br />tained in this 114ortgage; tej Borrower Iracs all reasonable rxpensr< u;curred in• Lcrder in cnfvrcing the enveuants
<br />and agznts of Borrower rontsin~ ie. tfais Alortgage and in enimring Lentier's r'eurerlies as l,rocided in para-
<br />graph i8 hereof, including, but nni limited to, reasonabir attorney's ices: anti id t Borrower takes such action a,
<br />L.endea~ may reasoasbly require io assure that- the hen of this Mortgsgc, Lcuder'.c itarrest in the Property and
<br />Borrower's obligation to pay the slims secured by this Mortgage shall contitmc tmimpairtvi. LTpnn ,uch Iraynreni
<br />and cute ~ $orro~cer, this 3ortgage and tlk obligations =ecured hereby shall retuain in full force and +•ffe,-t as it
<br />ao acceleration had occurred.
<br />?8. iwla®t of fiats: Ararat ~ Recsiver: Lender in Posaessioa. :ts additional security here-
<br />ttader, $orT~ower hereby signs to Leger the mats of the Property, providers that Borrower shall, prior to acceier-
<br />ation hauler paragraph i$ hereof or abandonment of ilte Proper#y, bare the right to collect and retain such rents
<br />as tdtey becittne d[ie-and payable.
<br />IIprai acceleration un[lee paragraph i8 irerenf or zrhandonment of the Yrolx-rt}•. lender. in ;x•rsun, be agent
<br />or by judlly appointed receiver shall be ents[led to enter upon. take poss[:-ion of unl uu[nage the Yropcri}'
<br />~.d ~-mot fhA ,~t~ .~f the p ~++s.:nn____tsad;nr ih~ Izn~t ctiR.:11i rc„r. calh„-tc•:l l,e Lrnd;~r or tiro rec~•it•er
<br />shall be applied firms t,o payment of the errata of uranagrment- of the Yrul~crty au=1 caller sou ,>f r=•ut>, including, i>:u
<br />not litn'tt~3 to, receiver's tees, lrrcmiuuss_ on re•cerivcr'x )cant.. and reasonahlc auonu°; '= ier< ~uut then to the swus
<br />secured hp this A~toriRage. Lender and the receiver shall he )ferric, to account ooh' for t6,=<r ;~ at.:==rrrlly rer•cired
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