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t_.~___ not extend or pos(pone the due date of the monthly inatallmetas referred to in paragraphs I and 2 hereof or change the amount of such installments. 10. Borrower Not Released. )xtension of the time fm• payment or modification of amortization of the sums secured by this Mortgage granted by Lender to any successor in interest of Borrower shalt not operate to release, in any manner, the liability of the original Borrower and Borrower's successors in interest. Lender shall not be required to commence proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the sums secured by this ]Iortgsge by reason of :tnv demand made by the original Borrower and Borrower's suceessore in interest. 11. Forbearance by Lender Not a VNaiver. Any forbearance by Lender in exercising any right or remedy hereunder, or otherwise afforded by applicable lau•, 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 otrall not be a waiver of Lender's right t.o accelerate the maturity of the indebtedness secured by this Mortgage. 'r'°4 12. Remedies Cumulative. All remedies provided in this _riortgage are distinct and cumulative to any other G'4 right or remedy under i~isllortgage or afforded by law or equity, and may be exercised concurrently, independ- ~ entry or successively. ~ 13. Successors and Assigns Bound; Joint 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, subjectte the provisions of paragraph 1 i hereof. all covenants and agreements of Borrower shall ' be joint and several. The captions and headings of the. paragrap', s of ibis Mortgage arc for convenience only and ~ are not to be used to interpret or define the provisions hereof. 14. Notice. Any notice to Borrower lrro:•ided for in this Mortgage shall be gi:-en by mailing such notice by certified [nail addressed to Borrower at the Property .Address stated below. except fur any notice required under paragraph IS hereof to be gi:•en to Borrower in the manner prescribed by applicable lair. Arn• notice provided far in this Mortgage shall 6c deemed to have been given to Borrower when given in the manner designated herein. 15. Uniform Mortgage; Governing Law; Severability. 't'his fonu of mortgage combines uniform covenants for national use and non-uniform covenants with limited :-arlat.ions by jurisdiction to constitute a uniform secu- rity instrument covering real property. This Mortgage shall be governed by the la;v of the jurisdiction in which the Property is located. In the event that any provision or clause of this \4ortgage or the Note conflicts with applicable law, such conflict shall not affect other provisions of this Mortgage or the Note :vhich can be given effect without the conflicting provision, and to this end the provisions of the tifortgage and the Note are declared to be severable. 16. Borrower's Capy. Borrower shall be furnished a conformed copy of this Mortgage at the time of execu- tion or after recordation hereof. i7. Tr®sfer of the Property; Assnmptioa. If all or any part of the Property or an interest therein is sold or transferred by Borrower without Lender's prior written consent, excluding (a) the creation of a lien or encum- brance subordinate to this Dortgage, (h) the creation of a purchase money security interest. for household appli- snees, (c) a transfer by devise, descent or by operation of law upon the death of a joint tenant or (d) the grant of any leasehold interest of three years m• 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 and payable. Lender shall have :valved-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 the credit of such person is satisfactory to Lender and that the interest payable on the sums secured b}• this 1ortgage 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 Lender, Lender shall release Borrower from all obligations under this Mortgage and the Note. If Lender exercises such option to accelerate, Lender shall mail Borrower notice of acceleration in accordance with paragraph 14 hereof. Such notice shall provide a period of not less than 30 days from the date the notice is mailed within which Borrower utay pay the scans declared due If Borrower fails to pay such aunts prior to the expiration of such period, Lender may, without further notice a• demand on Borrower, invoke am• remedies per- tnitted by paragraph 18 hereof. Noa-IIrrtgoant Covexanrs. Bm•rower and Lender further covenant and agree ati follutes; 18. Aeeeleration: Remedies. Except as provided in p:tragr:gth l i hereof, upon Borrower's breach of any covenant or agreement of Borrower in this Mortgage, including the covenants to I:ay when due any sums secured by this Mortgage, Lender prior to acceleration shall mail notice to Borrower as provided in paragraph 14 hereof specifying: (1) the breach: 12i the action requited to cure such breach; Y3) a date, not less than thirty days from the date the notice is mailed to Borrower, by which suc•li breach must be cw-ed; and 141 that faihtrc to cure 'such breach on or before the date specified in the notice may result in acceleration of the stuns secured by this 1ortgage and sale of the Property. If the breach is not cured or. or before the date specified in the notice, Lender at Lender's option nuty declare all of the sums secured be this Mortgage to be immediately due and payable without further demand and may foreclose this Mortgage by judicial proceeding. Lender shall he entitled to called in such proceeding all expenses of foreclosure. including, but not limited to. costs of documentary evidence, abstracts and title reports. 19. Borrower's Sigh! to Reinstate. \otwithstanding bender's acceleration of the stuns secured by this Mortgage, Borrower shalt have the right to have any proceedings begun by Lender to enforce this ]Sortgage dis- continued at any time prior to entry of a judgment enforcing this Mortgage if: tai Borrower pays Lender all sumswhiehwould be then due under this Mortgage, the'_`ote and notes securing Future Advances, if soy, had no acceleration occurred; (b) Borrower cures aR breaches of any other cocrnnnts or agmements of Borrower can- tsined in this Mortgage; (c) Borrower pays all reasonable expenses incurred by Tender in enforcing the covenants and agreements of Borrower contained in this Mortgage and in enforcing T.cnder's remedies as provided in para- graph 1B hereof, including, but rat limited to, reasonable attorney's tees; end td) Bon•ower takes such action as Lender may reasonably require to assure that the lien of this ~iortgagc. Lender's interest in the Property and Borrower's obligation to pay the sums secured by this Mortgage shall continue unimpaired. Upon such payment end cure by Borrower, this Mortgage and the obligations secured hereb}• shall remain in full farce and effect. as if no acceleration had occurred. 29. Atsigrrpwr-Y ai Aeats: Appayrimeni of Receiver; Leader in Poesesaion. As additional security here- under,Borrower hereby assigns to Tender the rents of the Property. provided that Borrower shall, prior to acceler- ation under paragraph 1B hereof or abandonment of the Property, have the right to collect and retain such rents as they become due and payable. Upon aooeieration under paragraph 18 herof or abandonment of the Yraperty. Lender, in person, by agent or by jndicielly ngpointed receiver shall he entitled tc enter upon, take possession of and umnsge the Profx~rty and to collec6 the rents of the Property, including those past due :Vl rants eollecicd ha Lender or the receiver shall be applied Rrstto payment of the,~ostaof management. of the Property and collcctiun ot• rents, including, but not limited to, receiver's fees, premiums nn receiver's bond. an,l rrasonuhlc attorney's fees. and then to the sums secured by this Mortgage. Lender and the receiver shall br liable to account unl~• for t hose rent. aotually rc•eeivcd.