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<br />not extend or postpone the due date of the monthly installutants trterred to in paragraphs 1 and 2 hereof or
<br />change the amount of such installments.
<br />~ 10. Borrower Not Released. L'xtension of the time for payment or modification of atnort.ization of the sums
<br />;ecured by this l~lortgage granted hp Lender to nay successor in interest of Borrower shall not operate to release;
<br />j {Lj in any manner; t.ho liability of the original Borrower and Bwron-cr's successors in interest. Lender shall not be
<br />' {~ required to commence proceedings against such successor or refuse to extend time for payment or otherwise modify
<br />~ amortization of the sums secured by this Mortgage b}- rcasmt of any demand made by the original Borrower and
<br />Borrower's successors in interest.
<br />11. Forbearance by Lender Not a Waiver. Any forbearance 6c Lender in exercising any right ar remedy
<br />~ hereunder, or otherwise sfforded b}• applicable l:io, , ;hall not be a waiter of or preclude the exercise of any right
<br />t~ or remedy hereunder. The procurement ai insuratue or the payment of faxes or other liens or charges by Lender
<br />shall not be a waiter of Lender's right to accelerate rite maturit}- of the indebtedness secured by this Mortgage.
<br />12. Remedies Cumulaive. _411 remedies pro~•ided in this Mortgage are distinci and cumulative to any other
<br />right or remedy under ihi; \iortgage or aitordeti h}- la« w oquin•. and tun}• be exercised ronrurrently, independ-
<br />ently or successively.
<br />13. Successors and Assigns Botmd; Joint and Several Liability; Captions. The covenants and agreements
<br />herein contained shall bind, and the rights hereunder shall inure to, the respectitc successors and assigns of Lender
<br />and Borrower, subject to the protisions of paranrsph ] r hereui..~11 coi-ensnts anri :igreements of Borrower ;hall
<br />be joint and several. The captions and headings of the paragt;tphs of this AIw•tgane arc for contenienee only and
<br />are not to be used to interpret ar define t be protisions here ai.
<br />14. Notice. An}- notice ro Berrouer proti~-lc~l for in this Alurtagc shall he Risen be mailing such notice b~-
<br />certihed mail addressed to Barnater at tltc Propertc Addre= state! lmhnc. except fur ;my notire required under
<br />paragraph 18 hereof to be gitett to Borrawer in the manner prescribed i~}- applicable la~c..1n}• notice prodded
<br />for in this ~Iorigage ;hall be deemed to base been gicen to Borrower wlte^ ;ilea in the manner designated herein.
<br />i3, Uniform Mortgage; Governing Law: Severability. 'Phis form ai mortgage combines uniform cotenants
<br />for national use and non-uniform catenants tcith limited tarimions b}- jurisdiction to constitute a uniform secu-
<br />rity instrument covering real propert}. This lkn•tgagc shall ire gotented by the !an ai the jurisdiction in which
<br />the Y'ropert-y is lacat,ed. In the creel thst an}- hroei:ion m- clank ai this Aortgage or the dote conflicts with
<br />applicable laa-, such conflict shall eat aficct other provisions of this Mortgage or the \ou which can be gicen
<br />effect ccithout the conflicting nrocision, and to this end the provisions of the Mortgage and the \ote are declared
<br />to be severable.
<br />1&. Borrower's Copy. Borroter shall be Iurnished a cantormed con}' of this \lortgage at the time of execu-
<br />tion or after recordatior. hereof.
<br />I7. Transfer of the Property; Assumption. if all or ant part of the Property or an interest therein is sold
<br />or transferred by Borrott-er without Lender s prmr written consent. excluding Jai the rreatiou of a lien or encum-
<br />brance subordinate to this ]fortgsge, tbi the creation ai a purchase mono}• securit}- interest far household appli-
<br />snces, (ci a transfer by devise. descent or by aperstion of lain upon the death of a iaittt tenant or tdl the grant of
<br />any leasehold interest of three }-ears or less not rantainiu; an olnimt to ;~urehase. Lender mar, at Lender's. option,
<br />declare ell the sums secured bt this 1lortgsge to he immediately ,iue and eatable- Lender s'taal! Bate waited such
<br />option to accelerate ii. prior to rite ;ale or transfer. Lender and the persan to wl;om the Yronerty is to be :old or
<br />transferred reach agreement in writing that the credit ai wch person is satistactor} to Zender and that the interest
<br />payable on the sums secured by th Mortgage shall he ut suc!t rate s; Lender sitali ret~luest. Ii Leader has waived
<br />the option to accelerate nrocided in ibis paragraph 17 and ii Borron er s successor in interest has executed awrit-
<br />ten assumption agreement accepted in writing by I-ender, Lender sitali release Borrowrr irate ell obligations under
<br />this 11lortgage and the mote.
<br />If Lender exercises such option to srcelerate. Lender shall mail Borrower notire of acceleration in accordance
<br />aith paragr2;th 24 hereof. Such notice shall pratidc s peria.i ai ant le;r titan 3U da~-s froru the date the notice is
<br />mailed within which Borrower leer pay the stuns declsrcd due. li Bormner falls to ;ac such smtts }:rior to the
<br />expiration of sorb period, Lender mat. witi:out iut~itt-r entice or .iemami un Borror=.rr. i!tcal:e ary remedies per-
<br />mitted by paragraph 18 hereof.
<br />lam-I-~tFt-Rat t',~cr~axr.. Bt,rron'er anti Lender i'urther cotenant anti a.;'t't~r as follows
<br />18. Acceleration; Remedies. Excein as lneci,!eti in ~,ara~rapi: II ..rreoi. t;;,on Borrowers breach of am•
<br />cotenant or agreement of Barrewer in this Alert,:egc. inc}an!ina tLr cotrnanr to l,ac when due any sums secured
<br />by this Mortgage. Lrnr,t•r l,nar ro aeeeierauon shall m:,il notice to Barruwe: s prot;ri,~,l m !~>aragraph 1~} hereof
<br />specifying. tll the breach: +2~ the aetitnt required to cure weir fimach: Bi a d:atr. not less tLan [ltirtt dais
<br />,ram the date the neon- i, mailed to Burri~•a rr. !n• wills, sari: brcaclt otust be ~°;n~ai. aml ~ ds that failum to r•ure
<br />each l~,resch an or 6efarc• rite date sprcih~, in the Hance ntxt re-alt in acceleratton ni the -ants securt'<i by this
<br />Mortgage and sale of the Propertt. If the Liresch is car runvl ot: or i,eium tire~ date ..pecified rn rite notice, Lender
<br />at Lenders option erne declare all of t!:e suns secured bt tln, AlortaaEC to be unu~c,ii:uelr due ant! payable
<br />without further demand ant; n:fly lareclasc• this llartgage by unlicia! praceed;nt;_ Lender sitali l,e caritled to collect
<br />in such procti^tading all ex~en=~ of iorerirnure. u;rlu~lin_-hut rot itu;m•,i t,,~, ,~ucts of ~iocuntentan• ecitience•
<br />abstracts and title reports.
<br />19. Borrower's Sight to Reinstate. ?:otwithstanitni; Lrnder'~ acceleration ai the sums =ecured tn• this
<br />~3ortgage; Borrower shall hate the right 20 hate ant prot•eetiing< I+egwt !n- !.ender to enforce this Aortgage dis-
<br />continued at any time prior to entry of a ,udgtnent enforcing thi- MoneaRe if: ,a, Borrower pays Lender al!
<br />earns which would be then due under this Mongagc-,the \ate an,i note.> serurint; 1••uture Adtances, if ant•, had no
<br />acceleration occurred; ib} Borrower cures all breathe= of sn}- outer rotrn:tnis ar agreements of Borrower con-
<br />tained in thislfortgage; lc) Borrower pays ell reasanxble expenses :nruertvi by Lender in enforcing the eorenanis
<br />and agreements of Borrower r~ntained in this \Iortgsgc and in eniurring Lender's remedies as prodded in para-
<br />graph 18 hereof, including, but not limited to, reasonat,le attorneys ices: and td t Borrowrr takes such actian as
<br />Lender may reasonably require to assure that the lien of this .Mortgage. Lender's interest. in the Property and
<br />Bormwer's oblige*_ion io pay the sums secured by this 1lortga~e shat! continue unimpaired. 1"pon such payment
<br />and etrre by Borrower, this 'tiiortgage and the obligatians .ecured herrbv shall remain in full force and effect as if
<br />no accelerataem had Declared.
<br />R0. Aatdgomeat ~ Beats: Ap~tmeai a~f Receiver: Lender in Possenaion. :' ~ additional security here-
<br />under, Botrrower herebp assigns to Lender the rents of the Prol+ertc, prodded that Borrower shall, prior to acceler-
<br />ation under paragraph 18 hereof or abandonment of the Property, beer the right to collect and retain such rents
<br />sa they became due and payable.
<br />Lrpon acceleration under paragraph IS hereof or abandonment of the Yropertc, Lender, in person, by agent
<br />or by judicially appointEd receiver shall be entitled to enter ulwn, take possession of and manage the Property
<br />and to calleet the retLtA of t3~e Propa*3y, itrl„~ing ths;~, past due. Al! rents nallecte•1 by I.strdrr ar the r2zeiver
<br />shall be applied first to payment Df the costa of management of the Propcrt.y an,i c•oilectian of rents, including, but
<br />eat limited to, receiver's fees, premituns on mriver's bonds and reasonable attarney's fees. and then to the sums
<br />secured by this 1Vlorigage. Lender and the receiver shall tee liable fo account only for those rents actually received.
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