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not extend or postpone the doe date of 4he monthh insrnllmem> referred rv iu paragraphs t andl hereof or
<br />change the amount of such installments.
<br />Ill. Borrower Not Released. );xtension of the time im• payment or modifcation of amortization of the sums
<br />secured by this Sortgage granted by Lender to any successor in interest of Borrower shall not operate to release,
<br />in any manner, the liability of the original Bm•rower and Borrower's successors in interest. Lender shal] not be
<br />required to commence proceedings against such successor or reface to extend 'time far payment or otherwise modify
<br />amortization of the sums secured by this Mortgage h.• reason of any demand made by the original Borrower and
<br />Borrower's successors in interest.
<br />11. £orb®azatrce by Leader Not a Waiver. Ary forbearance by Lender in exercising any right or remedy
<br />hereunder, or otherwise afforded by :gtplicable late, slmll not he a +vaiver of or preclude the exercise of any right
<br />or remedy hereunder. The procurement of insurance or rite hoc:cent. of taxes or other liens or charges by Lender
<br />~ shall not be a +vaiver of Lender's right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />~ 12. Remedies Cumulative. All remedies provided in ti; i.. \tortgsge are distinct and cumulative to any other
<br />~ right or remedy under this Mortgage or afforded by la+v nr egnay-. and may be exercised concurrently, independ-
<br />~ early or successively.
<br />13. Successors and Assigns Bound; Ioint and Several Liability; Captions. The coven:arts 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 i-o t-he provisions of paragraph I7 hereoi. Ali coverants and agreemeut~; of Borrower shall
<br />be joiht and several. The captions and headings of the paragraphs of this Mortgage are for convenience only and
<br />are not to be used to interpret or define the provisions hereof.
<br />CS 14. Notice. 9ny notice to Borrvwer pro+ided for in this Alm-tgagc shall be given be mailing such notice by
<br />certified mat addressed to Borrower at the Property .address st:ued bvlocc, except for erne notice required under
<br />paragraph 18 hereof to be given to Borrower in t6c manner prescribed be applicable law. any notice provided
<br />for in this \}ortgage shall he deemed to hate beat given to Borrower echt:n given in the manner designated herein.
<br />I5. Uniform Mortgage; Governing Law; Severability. 'Chia Sono of mortgage combines uniform covenants
<br />for national use and non-uniform covenant; with limited variations 6c jurisdiction to constitute a uniform secu-
<br />rity instrument covering real property, This Mortgage shall be governed by the la++ vC rite jurisdiction in which
<br />the Property is located. In the ereni that any provision m• clause of this Mortgage or the Vote conflicts with
<br />applicable law•, such con8iet shall not affect other provisions of this Mortgage or the Note which can be given
<br />etiect withvut fire conflicting provisior„ and to this end the provisions of the Mortgage and the Note are declared
<br />to be severable.
<br />16. Borrower's Copy. Borrower shall be Yurnished a conformed cope of this ~torfgage at the time of execu-
<br />tion or after recordation hereof.
<br />17. Transfer of the Property; Assurlption. Ii all or any part of the Property or an interest therein is sold
<br />or transferred by Borrower withvut Lender's prior written consent. excluding is i the creation of a lien or encum-
<br />brance subordinate to this Alortgage, tbl the creation of a purchase mono}• security interest Cor household appli-
<br />ances, {c) a transfer by devise, descent or bq operation of htw upon the death of a joint tenant or Id) the grant of
<br />any leasehold interest of three years or les> not eontsining :m option [n purchase, Lender may. at Lender's option,
<br />declare all the snms secured by this Aortgage to be immediately due and payable Lender sha':1 ]rave waited such
<br />option to accelerate if, prior to the sale er transfer, Lender and the person to a•hvm the Property- is to be sole or
<br />transferred reach agreement. in writing that the credit vt such person is satisfactory to Lender and that the interest
<br />payable on the sums secured by This lortgage shall 6c at such rate as Lender shall request. Ii bender has waived
<br />the option to accelerate provided in this paragraph 1T and if Borrower's successor in interest. has executed a writ-
<br />ten assmnpiion agreement accepted in writing by Lender, Lender shall release Berroa er frau all oblige':ions under
<br />this D4ortgage and the Note.
<br />If Lender exercises s~iclt option to accelerate, Lender shall mail Borrower no±ice of acceleration in accordance
<br />with paragraph 14 hereoi_ Such notice shall provide a period of not less than 30 stays from the date trite notice
<br />mailed within which Borrower mac May the sung declared due. Ii $orrotcer fails tv pay such sums prier to the
<br />expiration of such period, Lender may. tviihout further notice m demand on Sorrvwer, invoke ;;ny- remedies ner-
<br />mitied by paragraph 18 hereof.
<br />Nox-Iratfioaar COVE_v`A_v'TS. Borrower and Louder further covenant and agree as foL'ows
<br />I$. Aceeleratioa; Remedies. Except ns provided in para~rapb 17 herevf. upon Bvrrower's breach of any
<br />covenant or agreement of Borrower in this Alortg;ice. including the corenant~ tv pay n Ix•n due anc earns seeumd
<br />by this \tortgsge, Lender prior to accek-ration shall mail notice to.I3orn~wcr;ts l,rovi,ial in paragraph 14 hereof
<br />specifying: {1) the breach; (21 the action required to cure sucli breyeh:`t31' a daa~, not less thee. thirty days
<br />from the date the notice is urniled to Borrower, by tvhicit such lrrcnch utust be cured; and r#r that tailw•e to cure
<br />such breach on or before the da±e specified in the notice alas resuh in acceleration of the auras secured br this
<br />Mortgage and sale of the Property. If the breaelt is not cured on or before tht date specified ir. the notice, Lender
<br />at Lender's option may declare all of the sums secured by this Mortgage. to be immedistch- due and payable
<br />without further demand and may foreclose this \}ortgage try judicial l,roceeaing. Lender shall he entitled to collect
<br />in such proceeding al] expenses of ioreelosure, including, but not limited to. costs of rlocuutentarv evidence.
<br />abstracts and title reports.
<br />19. Barrows:"s Right to Reinstate. lotwithstanding Lender's acceleration of the auras secured br this
<br />Mortgage, Borrower shall have the right to here any proceedings begun by Lender to enforce this Mortgage dis-
<br />continued st any time prior to entry of a judgment enforcing this \iortgagc if: rat Borrower pt,ys Lender all
<br />sums which would be then d-ue under this \lortgage, the Note and notes securing Future Advances, if any, had no
<br />acceleration occurred; {b) Borrower cures alt breaches of an other c•occnants or agreements of Borrower con-
<br />tained in Lhis Mortgage, (c) Borrower pays all reasonaby expenses incurred by Lender in enforcing the cot•emtnts
<br />and agreements of Borrower contained in this lIortgnge and in enforcing Lender's remedies as provided in para-
<br />graph 18 hereof, including, but not limited tc, reasonat,le attorney's ice>: and id 1 Borrvwer takes such action as
<br />Lender may reasonably require to assure that the lien of this \lorigage, Lender's interest in the Property and
<br />.Borrower's obligation to pay the sums secured by this 3lortgaGc shall continue unimpaired. Upon such payment
<br />and cure by $orrower, this Mortgage and the obligations secured hereby shall remain in full force and effect as if
<br />no seeeleration had occurred.
<br />ail. Aadriynm~at ~ Bst~; Appointment of Receiver, Lender in Possession. As additional security here-
<br />under, Borrower hereby assigns tit Lender the rents of the Prolerty, provided that Burrower shalt, prior to acceler-
<br />ation under paragraph 18 hereof or abandonment of the Property, have the right to collect and retain such rents
<br />as they become due and payable.
<br />17pen acceleration under paragraph 18 hereof or abandonment of the Property, bender, in person, b}• agent
<br />or by judicially appointed receiver snail be entitled to enter upon, take possession of and manage the Property
<br />and to collect the rents of the Property,ineluding those past due. A1I rents collected try Lender or the receiver
<br />shat! be applied first to payment of the costs o[ management of tlxx Property and collection of rent;:, inc•lurling, but
<br />not limited to, receiver's tees, premiums on rviceiver's bonds :md rcasonsble attmncy's fees. and then to the sums
<br />secured bq this Mortgage. Lender and the receiver shall be liable to account onh• fur those rent: achtalh• rcccived.
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