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not extend or postpone the due date of the monthl}• instalhncuts referred to in paragraphs I and 2 hereof or change the amount of such installments. 10. Borrower Not Released. Extension of the time for payment or modification of amortization of the sums secured by this Mortgage granted by Lender to any successor in interest of Borrower shall not operate to release, in any manner, the liability of the original Borrower and Borrower:- successors in irteresL. Lender shall not be required to commence proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the Bunts secured by this V ortgage by reason of any demand matte by the original Borrower snd $orrower's successors in interest. Ii. Forbearance by Lender Not a Waiver. 9ny forbearance by Lender in exercising any right or remedy hereunder, or otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any right or remedy hereunder. The procurement of insurance or the payment of taxes or other liens or charges by Lender shall not be a waiter of Lender's right to accelerate the maturity of the indebtedness secured by this 4ortgage. ~ 12. Remedies Cumulative. All remedies provided in this Mortgage are distinct and cumulative to any other © right or remedy under this Mortgage or afforded by law or equity, and may be exercised concurrent]y, independ- ently or successively. .7? 19. Successors and Assigns Botutd; Ioint and Several Liability; Captions. The covenants and agreements +'~ herein contained shall bind, and the rights hereunder shall inure to, the respective successors and assigns of Lender -:+ and Borrower, subject to the provisions of paragraph 1"r hereof. All covenants and agreements of Borrower shall ~ ~ be joint and secernl. The captions and headings of the paragraphs of this ]lortgage are for convenience only and are not to be used to interpret or define the provisions hereof. ~ 14. Notice. :Loy notice to Borrower procideri for in this \lortgage shall be given by mailing such notice by ~ certified mail addressed io Borrotcer at the Yropern- .Address stated below, except for any notice required under paragraph ]$ hereof to be glean to Borrotcer in the msmter prescribed lty applicable law. Anp notice provided for in this Jlortgage shall Ile deemed to pace been given to Borrotcer when given in the manner designated herein. 15. Uniform Mortgage; Governing Law; Severability. 'this form of mortgage combines uniform covenants for national use and non-uniform covenants with limiteil variations by jurisdiction to constitute a uniform secu- rity instrument covering real }:roperty. This Mortgage shall be governed by the talc of the jurisdiction in which Lhe Property is located. In the event that any provision or clause of this \lortgage or the Note conflicts with appiicapie law•, Beth conflict shall not affect. outer provisions of ibis :tiorigssge or 'the iyote 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. 1S. Borrowei s Copy. Borrower shall be furnished a roniormod copy of this Mortgage at the time of execu- tion or after recordation hereof. 17. Tzaasfer oI the Property; Assumption. If alt m• any part of the Property or an interest therein is sold or transferred by Borrower without Lender's prior written consent, excluding (a) the crestian of a lien or encum- brance subordinate to this \lortgage, i;b) the creation of a purchase money security interest for household appli- ances, {c) a transfer by devise, descent or be operation of ian• upon the death of a joint tenant or (d) 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 \lortgage to be immediately due and payable Lender shall have waived such option to accelerate if, prior to the sale or tran€fer, Lender anti the person to whom the Property is to be sold or transferred reach agreement in tcriting that. the credit of such person is satisfsetory to Lender snd that the interest payable on the sums secured by this \lortgage shall be at such rate as Lender shall request If Lender has waived the option to accelerate provided in this paragraph 17 and if Borrower's successor in interest has executed a writ- ten assumption agreement accepted in writing by bender, Lender shall release Borrower from all obligations under Chia uortgage and Lhe S~Tote. If Lender exercises such option to accelerate, Lender shall !nail Borrower notice of acceleration in accordance with paragraph 14 hereof. Such notice shall provide a period of not less than 30 da}s cram the date the notice is mailed within which Borrower may- pay the scans declared due. Ii Borrotcer faits to pav such sums prior to the eapimLion of such period, Lender may, without further notice or +ietnanrl on Borrower. invoke am remedies per- mitted by paragraph t8 hereof. ~n;<-I'~iFOaat C'avExaTS.. Borrcwer and Lender further covenant and an•ree as follow: 18. Acceleration; Remedies. Except as prodded in paragraph li hereof, upa^ Borrower's breach of any covenant or agreement of $orrower in this ~lortgagc. including tho covenants to pat when due any sums secured by this Mortgage, Lender prior to scccleruion sl+afl mail notice to IIorratvcr as provided in paragraph 14 hereof specifying: (ll the breach; +21 the action nquirc~<t to cum such hreathr i3) a date. not less titnn thirty days from the date the notice is u;ailed to Boeroxer. by which such ht~itcli mtist ha cured: and 14i that failure Yo cure such breach on or bolero the date specineti in the notice may result in atreleratian of rite stuns secured by this 'tfartgageand sale of the Propery. If the 6reaelt is not cured or, ar haiore the date specified in the notice, Lender at Lender's option war dt=dare all of the gun:: ser•nred by thi< \lortgage to i:e immaiiatr-ly dve anti payable without further demand and may iorectase this Mortgage by ju+iiritil proceeding. Lender shall be entitled to collect in such proceeding all expenses ai ioreclosurc, including, but net lintio~d to, cost.: of docuntertan- evidence, abstracts and title reports. 19. Borrop~r•'a Hight to lfemstate. \otwnnstanding Lender's acceleration of the Bunts secured by this Mortgage, Harrower shalt here the right to hate an}• proceedings E>Fgun h}• Tender to enforce this \lortgage dis- continued at any time prior Lo entry of a juriQtnart rnfoTcing this \lortgage if: +a+ Borrower pays Lender all soma which would he then due under this ~lartgagc, the Note an,i nott: solacing Future ddrancrs• if am•. Irad no aacelera#aon occurred; fb1 Borrower cures all trreanc~. of any other rnrrnams ar agreezents of Harrower con- tsined in this Mortgage; ic) Borrower pays BEE reasottahlc ex}N~nses tncttrn.•ri by Icnd+•r in enfatrinF the covenants sod agreements of Borrcwer contained in this Mortgage an+i m enforcing lender's remedies as provided in para- gt~rh 1S hereof, including, but not limited to, raasonai,ie attantec's fee=: anti +rh Rorrou•er take. such action as '.ender mny reasonably require to assure that the lien of this '~tortgagc. Lender's imerest in the Prollcrty and $orrow~•'a obligation to pay the a'Ums secured hr tl+is lfartgagc shat! continue unimpaired. I7pon such payment and auto by Borrower, this Mortgage and the obligations krured hereby shalt retrain in full force and effect as if no acceleration bad occurred. ~. llsaigam~t o#-I; Atmeat o! Raeeiver: Lender is P~session. As additional security here- under, Bort»wer heteb~ assigns to I,er+der the rents of #Ite Propert}-. provided that Harrower shall, prior to aeceler- atipn under paragraph 18 hereof or abaadonmeat of the Property, hate tLc right to collect and retain such rents as they became due and payable. Upon acceleration under paragraph 18 hereof ar ahandonntent of the Property, Lender, in person, by agent or by jttdieially apppinted receiver shall he entitled to enter upon, fake possession of and manage fhe. Yropern• snd to trolfeet the rents of the Property, including those past duc..All rent. tollertecl by Lender or the receiver shall be applied first LO payment of the costa of ananagemrnt of the Property and collection of rents, including, but opt limited to, receiver's fees. premiums on receiver's hands amt rcasmtable attarnov's iron. and then to the sum, secured by this alortgage. -Lender and the receiver shall be hahlr fo account unh for thane rrut~ artnallr received.