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r_:'k not extend or poafpone the due date at the monthly installments referred to in paragraphs i and 2 hereof or change the amount. of such installments. 111. Boaower Not Released. Extension of the tiute for payment or modification of amortisation of the soma secured by this ?Mortgage granted by Lender to any successor in interest of Harrower shall not operate to release, in any manner, the liability of the origiraf Borrower and Borrowerk successors m interest. Lender shall not be required to commence proceedings against such successor m• refuse to extend Time for payment or otherwise modify amcrtizatian of the sums secured by this Mortgage b}• reasou of anc demand made by the original Borrower and Borrower's successors in interest. I1. Forbearance by Lender Not a Wmver. 9ny forbearance by bender in exercising any right or remedy hereunder, or othernise afforded by applicable law, shall not be a waiver of or preclude the exercise of any right or remedy hereunder. The procwement of insurance, or tine payment oS taxes or other liens er charges b}• Lender shall not be a waiver of Lender's right to accelerate the maturity of the indebtedness secured by this Mortgage. 12. Remedies Cumulative. Ail remedies provided in this 3ortgage are distinct and cumulative to any other ~ right or remedy under this :Iortgage or afforded b}• laa or cquin•. and may he exercised concurrently. independ- ~ entry or suceessivety. CC' 13. Successors and Assigns Bound; Iola{ and Several Liability; Captions. The covenants and agreements herein contained shall bind, and the rights hereunder shall inure to, the respective successors and assigns of Loader ~;; and Borrower, subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall •~ be joint and several. The captions and headings of the paragraphs of this yortgage arc for ranveni?ace only and are not to be used to interpret or define the provisions hereof. t 14. Notice. Any notice to Borrower provide[{ fm• in this \lrtgage shall be given by :nailing such notice by Q certified mail addressed to Borrower at the Propert}~ Address stated below, except. tar any notice required under n paragraph 18 hereof to be given to Borrower in the manner prescribed by applicable laic. Any notice provided for in this Mortgage shall be deemed to have been given to Borrower when given in the manner designated herein. 15. IJniform Mortgage: Govemiag Law: Sevezability. This form of mortgage combines uniform covenants for national use and non-uniform covenants with limited variations be jurisdiction to constitute a uniform secu- rity instrument covering real property. This Mortgage shall i,r governed by the ]an• of the jurisdiction in which the Property is loeat~d. In the event that any provision or clause of this Mortgage or the Note conflicts with applicab)e law, such connici shall not select other provisions of this Mortgage or the Note which can be given effect without the conflicting provision, and to this end the provisions of the Mortgage and the Note are declared to be severable. 16. Borrower's Copy. Borrower shall be furnished s conformed copy of this blartgage at the time of execu- tion or after recordation hereof. 17. Traasfe: of the Property; Assumption Ii all or an}' part of the Property or an interest therein is sold or transferred by Borrower without Lender ~ prior written consent, excluding (a) the creation of a lien or encum- brance subordinate to this Mortgage, tbl the creation of a purchase money security interest for household appli- ances, (c) a transfer by devise, descent or by operation of Isw upon the death of a joint tenant or (dl the grant of any leasehold interest of three years or less not containing an option to purchase, Lender may, at Lender's option, declare all the sums secured by this Mortgage to be immediately due anti payable- Lender shall have waived such option to accelerate if, prior to the sale or transfer, Lender and the person to whom the Property is to be sold or transferred reach agreement in writing that file credit of such person is satisfactor}- to Lender and that the interest payable on the sums sr^ured by this Mortgage shall be at suds rate as Lender shalt request. If Lender has waived the option to accelerate provided in [his paragraph 17 and if Borrower's successor in interest has executed a writ- ten assumption agreement accepted in writing by Lender, Lender shall release Borrower from alt ohligations under this Mortgage and the Note. If Lender exercises such option to accelerate, Lender shall :nail Borrower notice of acceleration in accordance with paragraph 14 hereof. Such no[ict- shall provide a period of not less than 30 bays from the date the notice is mailed within which Borrower may pa}- the sums declared due. If Borrower Isils to pay such sums prior to the expiration of such period, Lender may. without further notice or demand on Borrower, invoke any remedies per- mitted by paragraph 18 hereof- Nox-IT'4-IFORM CovF*;e'<•rs. I3arrow•er and Lender further cocerant and agree as follows: IB. Acceleration: Remedies. Except us provided in paragraph 17 hereof, upon Borrower's hreacit of any covenant or agreement of Borrower in this Mortgage. including the covenants to pay when ituc any sums secured by this \{ortgage, Lender prior to acceleration shall nmil notice to Borrower ss,,provided in paragraph t4 hereof speeifping: (11 the breach: (21 the action required to cure such lireach't'd) ~ date, not less than thirty da}•s from the date the notice is mailed to Borrower, Irv w(ucit such lucach must be cured,; an[t t~I) that failure to cure such breach on or before the date specified in the notice may result in acceleration of the sums secured by this Mortgage and sale of the Property. If the breach is not cured on or before the date specified in the notice, Lender at Lender's option may declare all of the sums secured by this Mortgage to be immediately due and payable without further demand and may foreclose this ~fortg.3ge by judicial proceeding. Lender shall be entitled to collect in such proceeding atl expenses of foreclosure. inclu~ling, but not limited to. costs of ilocumenisry evidence, abstracts and title mports. 19. Bormweri Right to Reinstate. Notwithstanding Lender's acceleration of the sums secured by this Mortgage, Borrower shall have the right to have any proceedings beg[m by tender to enforce this 1lortgage dis- continued at any time prior to-entry of a judgment enforcing this Mortgage if: tal Borrower pays Lender ail -sums which would be then due under this ifortgage, the \ote and notes securing Future Advances, if any, had no acceleration occurred; (b) Borrower cures all breaches of anc other covenants or agreements of Borrower con- tained in this Mortgage; (c) Borrower pays all reasonable expenses incurred by Tender in enforcing the covenants and agreements of Borrower contained in this 1ortgage and in enfm•eing fender's remedies as provided in para- graph l$ hereof, including, but not limited tn, reasonable attorney's tee:; and Id) Borrower takes such action as Leltder may reaeanably require to assure that the lien of this 1lortgage, Lender's interest in the Property and $ttrrower's obligation to pay the sums secured by this Jiortgage shall continue unimpaired. Upon such payment .and cure by Borrower, dais Mortgage and the obligations secured hereby shall remain in lull force and effect. as if no saxlerutian had occurred. 3Q. ant ad Riot; Ap3tointment of ltviceivu; Leader is Foasessioa. As additional security here- ;.aRxlei, $armwer hereby assigns to-Lender the_rents of the Property. provide{ that Borrower shall, prior to acceler- ation under paragraph I$ hereof or abandonment of the Property, have the right to collect and retain such rents ae theq become due and payable. Upon acceleration under paragra~': I$ hereof or abandonment of the Property, Lender. in person, by agent or by judicially appointed receiver shall- be emitted to en#er upon, take possession of and manage the Property s~ to eo#leet the rents of the Property, including those past due. Ali rents collected h}• Lender m• the receiver shat{ be applied first to payment of the costs of management of the Property and collection of rent.. including, but not limited to, receiver's tees, premiums an receiver's bonds and reasonnhlc zutarney's fees. and then to the sums soured by this ibfortgage. Lender and the receiver shall he liable to account only For those rents achtally received.