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<br />not extend ar postpone the due date of the monthly intnlhncnts referred to in paragraphs I and '2 hereof or
<br />change the amount of such installments.
<br />ifl. Barzowez Nof Ret®ased. )/xtension of the time for payment or modification of amortization of the sums
<br />secured by this Mortgage granted by Lender to any successor iu interest of Borrower shall not operate to release,
<br />in any manner, the liability of the original Borrower and Borroner's successors in interest. Lender shall not be
<br />required to commence proceedings against snclr successor or refuse to extend time for payment or otherwise modify
<br />amortization of the sums secured by this \lortgage hy- reasa; of am demand made be the original Borrower and
<br />Borrower's successors in interest.
<br />i1. Forbeara<ice by Lender Not a Waiver. any forbearance by Lender in exercising any right or remedy
<br />hereunder, or otherwise afforded by applicable law, shat! not be a waiver of er preclude the exercise of any right
<br />cr 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 Lender-s right to accelerate the maturitr• of the indebtedness secured by this Mortgage.
<br />12. Remedies Cumulative. :1!f remedies provided in ;Iris 1lartgsge are distinct and cumulative to any other
<br />right or remedy under this Mortgage or afforded by tar,- or equity-. and may he exercised concurrently, independ-
<br />ently or successivety.
<br />13. Staceessors 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, subject to the provisions of I;aragraph l i hercoi.:111 covenants and agreements of Borrower shall
<br />be joint and several. The captions and headings at tl:e paraerahha of this \lortgage are for convenience only and
<br />are not to be used to interpret or define the provisions hereof.
<br />14. Notice. An}• notice to Harrower provided fot• in this Mortgage shall be given by mailing Stich notice by
<br />eertifted mail addressed to Borrower at the Proper}• address stated below, except fm- any notice required under
<br />paragraph IS Irereoi to be given to Borroter in thr uranner !a•escrihed by applicable lain. Any notice provided
<br />for in This \Sortgage shad he deemed to have been given to Borron er m hen given in the manner designated herein.
<br />15. Uniform Mortgage; Governing Law; Severahility. 'Chia tone of mortgage combines uniform covenants
<br />for national use and non-uniforn covenants with limited varisiions be jurisdiction to constitute a uniform secu-
<br />rity instnment covering resl property. This \Iw•tgsge shall be governed by the ]ace of the jurisdiction in which
<br />the Property is located- In the event that any provision or clause of this \lortgage or the Note conflicts with
<br />applicable Iaw•, such conflict sha}1 not affect oilier provisions of this \lortgage or the Note which can be given
<br />effect without. the conflicting provision. and to this end the provisions of the \lortgage and 2.he Note are declared
<br />w w ac-Jcrabie.
<br />16. ffozroweis Copy. Borrower shall be furnished a conformed copy of this \lortgage at the time of execu-
<br />tion or after recordation hereof.
<br />iT. ?raasEez of the Property; Assumption. If all or any part of [he Propert}- or an interest therein i~ sold
<br />or transferred by Borrower without Lender's prior written consent. excluding tal the creation of a lien or encum-
<br />brance subordinate to this lortgage• b i the creation of a purchase money security interest for household appli-
<br />anaes, {c) a transfer by derise, descent or be operation of law upon the death of a joint tenant or idl the grant of
<br />any leasehold interest of three pests or less not containing an option to purchase, Lender may, at Lender's option,
<br />declare all the sums secured by this \lortgage to be iuunedisteh- clue and payable- Lender shall lrsve waived such
<br />eptian to accelerate if, prior to the sale or transfer, Lender and the person to whom the Property is to be sold or
<br />transferred mach agreement in writing that the credit, of such person is satisfactory to Lender and that the interest
<br />payable on the sums secured by this Mortgage shall be st suet[ rate as Lender shall request. If Lender has waived
<br />the option to accelerate provided in this paragraph I i and if Borrower's successor in interest itas executed awrit-
<br />ien assumption agreement accepted in writing by Lander, Lender shall release Borrower from all obligations under
<br />this Mortgage and the Note.
<br />If Lender exercises sucli option to accelerate, Lender shall :nail Borrower notice of acceleration in accottiance
<br />witdt paragraph i4 hereof. Such notice =hail provide a period of not less than 30 riay-s from the date the ttetice is
<br />mailed within which Borrower may pay the sums declared due. If Borrower tails to pay such awn; prior t-o the
<br />expiration of such period, Lender rosy. wivrout iunher notice or demand on Burrower, invoke any remedies per-
<br />mitted by paragraph 18 hereof.
<br />`_3as-Z":ctFOaat C'o;~~ves•ra. $arrower and Lender fur[-her ro~•enant and agree as fal;ows:
<br />i& Aecalaration; $emedies. Except as pmtidcvl in paragraph 2; hereof. npota Borrower's breach of any
<br />covenant or agreement of Borrower in t1:=s 1lertgtgc, including the covenants to pay whe^ due any ,note secured
<br />by this \lortgage, Lender itrior to aeeeleratian shall mail notice to $orrowcr as 1=ravidcci in paragraph 14 hereof
<br />specifying; (i) the broach: t2i the action required to em-e such breach: :3i a date. not ices than thirty days
<br />fronx the date the notice is mailed to $orrowcr. by e'hit•h such breach must im cured: and i 4 ~ that failure to core
<br />such breach on or before the date specified in the notice may result in acceleration of the sueus secured be this
<br />'4lortgage and sale of the Property. If tl:e breach is not cured or. or before tL•c datr specifiedi in the notice, Lender
<br />at Lenderk option mac dectam ssll of the awns secured by ttrs \lottgage to he int:aretiixteiy due and payable
<br />without further demand srd [nay forecl~ this 'lortgage by judicial proceeding. bender shall he entitled to collect
<br />in such proceeding ail expenses of iomeiosurc. including, lint sat iiurited SO. costs of docunrentan• evidence,
<br />a~~traetm and title reports.
<br />19, Eaezowor's Sight to Reinstate. lotx•ithstanding Lender's acceleration of the sum= ;scuretl by this
<br />Mortgage, Borrower shaII hate the right to have any proceedings begun by J.ender to enforce this \lortgage dis-
<br />can#:intr~ at any time prier to entry of a judgment enia9-cing this Mortgage ii: tai Burrower pnys.I.ender all
<br />sums which would be then due tinder this Mortgage, the Nate anti notes securing Future Advances, it any, had no
<br />aceelerstioa occurred; ibl $orrowcr cures all breaches of any- other covenants or agreement. of $orrowcr con-
<br />taiaed in tltss Mortgage; (c) Borrower pays stl reasorslife expense= incurred hc- Lender in enforcing the covenants
<br />and agreements of Borrower contained in This Mortgage and ht enforcing I_endcr'- remedies as provided in para-
<br />graph 18 hereo#, including, but not ltmittd to, t•easonxble attarney'r fees: and :dl Barrou•c•r takes such action as
<br />L~nd~ inap rEasosably reiluire to as~~ that Ltre lien of this ifartgage, Lender's innterest in the Pralierty and
<br />Bflrsot+trerr'8 abligatian w pay the, stuns secured by thi- \lortgage shall continue unimpaired. upon such nayment
<br />stxf etire by $orrowcr, this ~4fortgage acid the obligations secured hereby .hail reruaiu in full force and c fl'ect as if
<br />rw atxeletstitm had occurred-
<br />- ;iH. ;of r A,>~ointniant of Reoa3v~: Lendac is Possession. As additional security here-
<br />tu-dec, B+ircower hercb+~ st;signa #ai Lcndei` the rents of the Property. provider! that Borrower shall, prior to acceler-
<br />-att+n under pipl{ ill ht~i€ or abandirnment of the Property, have-the right to collect and retain such rents
<br />is liar doe said payabl.:,
<br />tJprait gegeisrstion under paragraph: 1$ hereof or abattdooment of the Property. Lender, in person, by agent
<br />or bg iudfq"sslfy.appointed reeeiver.shsll- lie entitled to enter upon, tike Iwssession of and manage the Property
<br />find tt+eofieet the ren#e of fhePrttperty, including those peat due. Aq rents collected 6y Lender or the receiver
<br />shaft bcapplied firth to paytnetttof'#ftc casts of tnanagetpent of the Property and colic•ctian of rent~• including. !,ut
<br />not limited to, receiver's fees, premittnts on receiver's t#onds and rca.9anahle attorney's fees, and thrn to the sums
<br />secured by this Mortgage. Lenderand the receiver shall km liable to account only for thane rents actually received.
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