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not extend or postpone the due date of the mondtlc inst:dhnents referred to in paragraph= I and 2 hereof or
<br />c}tange the amount of such installments.
<br />10. Borrower Not Released. I+;xt.ension of the time for payment or modification of amonizatian of the sums
<br />secured by this Mortgage granted by Lender to any successor in interest oC Borrotcer shall not operate to release.
<br />in any manner, [he liability of the original Borrower and Borrower's successors in interest. Lender shall not be
<br />required to commence proceedings against. such successor or reinse to extend time for pay ment or otherwise modify
<br />amortization of the sums secured b}' this Morigsge !.}• reason of any demand made he the original Borrower and
<br />Borrower's successors in interest.
<br />11. Forbearance by Lender Not a Waivez. :1try• forbearance by Lender i^ exercising any right or remedy
<br />hereunder, or othenvisn afforded by applicable law. shall not i,e a u•ai:er of or preclude the exercise of any right
<br />~ or re•nedy hereunder. The procurement of insurance or rite pacmen[ of taxes or outer liens w• charges by bender
<br />Ly.'. shalt not he a u-aicer of Lender's right to accelerate the maturity of [he indebtedness recured by this \lortgage.
<br />~,' 12. Remedies Cumulative. All remedies prodded in this .llortgsgc arc ciisnnct. anti cumulative to an}• other
<br />right or remedy under this Aortgage or afl'orch'd b}~ L•nt or equity, trod may- hr exercised cmun:rrently. independ-
<br />'- ently or successively.
<br />Y 13. Successors and Assigns Bound; Joint and Several Liability; Captions. The cotenants and agreements
<br />herein contained shall bind, and the rights hereunder shall inure tc, the respeetice atrecesors and assigns of Lender
<br />and Borrower, subject to the protisions of paragngth 17 hereof. All cotenants and agrecuxnts of Borrower shall
<br />~ be joint and secernl. T}te cannons and headings of the paragraph= of this Aortgage are for camenience only and
<br />axe not to be used to interpret or define the provisions hereof.
<br />14. Notice. Any rootlet to Borro+ter protideti for it: thts \lortgage sitali he given by ;nailing such notice be
<br />certified mail addressed to Borrotcer at the Yropern -Address >utu•r( below, t:ecepr for :uty nonce required under
<br />paragraph 1$ hereof to be giten to Borrotcer m the warner preacrbed be applirtbh• Iat+~. Any nohee prodded
<br />for in this Mortgage shall he deemed to irate bee-n ttiven to Borrro+ter ttiicn giten m the manner designated herein.
<br />15. Uniform Mortgage: Governing Law: Sevezability. 'I'hi~ Torn; of utm-tgage combines unifm-m covenants
<br />for national usv and non-uniform covenants with limited tariations 6c jurisdiction to cotstitute a uniform secu-
<br />rity irstrument covering yes'. properi.y. 'T'his \Ioj-tgagc steal! be governed in• the la+c of the jurisdiction in which
<br />the Property is located- In dte event that am' prot-ision or clnusc of this Aortgage or the dote conflicts with
<br />applicable lau-, such conflict- shall not affect other protisions of this Mortgage or the lroie which can le given
<br />effect without the conflicting protision, and to this end me protisions of the Mortgage and the ~Vota are declared
<br />to be severable.
<br />I6. Borrower's Copy. Borrotcer shall he furnishers a confot•med copy of this \lortgage at the time of execu-
<br />tion or after recordation hereof.
<br />17. Transfer of the Property; Assumption. Ii all nr ant part of the Property or an interest therein is sold
<br />or transferred by Borrower without Lenders prior writter. consent. excluding (al the c•reatiou of a lien or encum-
<br />brance suhordinaie to this \lortgage, Ill the creation of s purchase money security interest for household appli-
<br />ances, ts) a transfer ly devise, descent or h}• operation of law upon the death of a joint tenant or !di rite grant of
<br />any leasehold interest of three years or less not containr.:~ an option to purchase, Lender mac. at bender's option,
<br />declare all the sums secured h}• this :lfartgage to le numedisteh- rfue and parable. Lender shall hate n aired such
<br />option to accelerate if. prior to the sale nr transfer. Lender amd the person to whom rite Property is to be sold or
<br />transferred reach agreement in writing that the credit ni such person is satisiactor}- to Leerier and that the interest
<br />payable on the sun>r secured by this \lortgage shall he at such rate as bender shall request. Ii Lender has waived
<br />the option to accelerate provided in this paragraph 17 and if Borron er's successm• Sn interest has executed a ta-tit-
<br />ten acumption agreement xecepted ih writing l}• Lender, Lender shall release Borrower iron sli obligations under
<br />this Mortgage and the vote.
<br />If Lender exercises such optior. to accelerate, Lender sla!I alai] Borrower no*.ice of acceleration in accordance
<br />with paragraph 1~ hereof. ~ueh noticr shall provide a period of not less than 30 days from the= date the notice is
<br />mailed within ++•hicl Borrower ma}- pad- tle sums de~larPd due. If Borrower iail> tc ;st such sums prior to the
<br />expiration of such period. Lender may, without funkier notice or dentand on Borrower, it:voke any- remedies per-
<br />mitted by paragraph IS heteoi-
<br />Sos-L-stFOnat CetF~asrs. Borrower and Lender ftn•ther cotenant and ag~re~ ns fo3iou°~
<br />18. Acceleration; Remedies. F_xecpt as ;»ocidc•~i its paragra;,l: I ~ hereof. t:pon Borrower's hreacit of any
<br />covenant. or agreement of Borrower in th_ Akongage, inc•ludinc the covenants to pat +tht•n due any gums secured
<br />by this Mortgage, Lander prior to acceleration sitali man nonce, ttr 13ttrt4t4r:,~ as proti~_it.l in paragraph 24 hereof
<br />specifying: i11 the breach; +2e the action rcquirai to curt suet; ~reach..l~ a d:,m- not less that. thine data
<br />from the date the notice is mailed to Burrower. Lc w l;irl; sorb breach mutt be cw~Yi: and id i tlru fsihuc to cure
<br />such breach nn or before the date specified in the notice• uuay- resuh in acceleration ni the >mn< secured by thin
<br />Rortgage and sale o1 the Propertc- If rite bread: is not cured om or 1>eiore the :isle specified in the notice. Lender
<br />at Lender's option tea}- declsm :ill of the sums secured by this ASortgagc to be immer,isn•lc dut• and trayahle
<br />without iurtherdemand an<i mac foreclose ens ~knrt;;agc by ~udu•ial proceeding Lerdcr shall he entitled to collect
<br />in sneh proceeding ail expenses of ioreciosurc, tnciu~ling. but not blurted to. costs of docmttentan- evidence,
<br />abstracts and title reports.
<br />19. $orroweis Sight to Reinstate. Aotwitistanding Lender'. scceleratior, of the runts secured bt- this
<br />lLfnrtgage, Borrower shall have the right to hate an}- proceedings hegur. Icy- Lender to eniome this ltongage dis-
<br />continued at any time prior to entrp of a judgment enforcing this ~Inngage if: tai Borrower pays Lender all
<br />sums which would be then due under this \lortgage, the \ote :end notes securing future Adcanees, it' any, had no
<br />acceleration occurred; tbl Borrower cure: all breathe-s of an}• other cotenants or agreement= of Borrower con-
<br />tained in this :4fortgage; (cl Borrower pays all reasonsllr cxperses incurred by Isnder in enforcing the covenants
<br />and agreements of Borrower contained in this ~Iortgagc and at enfmking Lender's remedies as provided in para-
<br />graph 18 hereof, including, but not limited tn, reasonable :attorney's lee=: and +d t Borrower takes sucl action a;
<br />Lender may reasonably require to assure that the lien ni this Mortgage. Lender's irtemat in the Property and
<br />Borrower's obligation to pay the sums secured by tht- \lortgage ,hall continue unimpaired- i"pott sneh payment
<br />and cure by Borrower, this 14iortgage and the obligation. secured hereby shall remain in full fmre and effect as ii
<br />no acceleration had oceurt•ed.
<br />2fL A+ieignm~t of $~ts: Appointment of $eeeivsr: Lender in Possession. As additional security here-
<br />ttndar, Borrower hereby assigns to Lender the trnls of the Prolxrty. proc'tded that Borrower shall, prior to acceler-
<br />ation under paragraph IS hereof or abandonment of the Property. hate the right to collect and retain such rents
<br />as they become due and payable.
<br />IIpon acceleration under paragraph 1$ hereof or abandonment of the Yropeny. Lender, in person, by agent
<br />or by judicially appointed receiver shall he entitled to eater upon, take possession of and manage the Property
<br />land "to eatleet the rente of the Property, ineitxling throe past due. 311 rents eollecfed I,~ Lumi.•r ut t',;e-:~,i+~r-- --- -
<br />shall be applied first to payment of the costs of management of the Propertc and collcetio^ ai rcnL . including, bur
<br />not limited ta, receiver's fees, premiums on receiver's bonds and reasonable sttornt•t's ic•c•s.:utri then to the sums
<br />secures by Lhis L'Fortgag2. Lender and the :•ec-elver shall he li:ibir to arraunt unit- for ihosc rents sc•tuail~• trceiteri.
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