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I 1 not extend ar postpone fhe due date of the monthly instalimetas referred to i^ paragraphs I and 2 hereof or change the amount of such installments. Ill. Borrower Nat Released. Extension of the time for payment. or modification of smortization of fire sums secured by this \dortgage granted by Lender to sny successor in interest oC Borrower shall net operate to release, in an}• [Wanner, the liability of tt:e origins! Borrower and Bor•otecr's successats in interest. i,ender sha}I not be required to commence proceedings against such successor m• refuse tc extend time for payment. or otherwise modify smortization of the sums secured br this Mortgage be reason of any demand tirade by the origins! Borrower and - Bormwer's successors in interest. 11. Forbearance by Lender Not a @itaiver. Any forbearance by Lender in exercising any right or remedy hereunder, or otherwise afforded by applicable law, shall not he s waiver of or preclude the exercise of any right or remedy hereunder. The l;roctnement of insurance or the payment. of taxes or other liens or charges by Lender shat! rot tie a waiter of Lender's right to accelerate the maturity of the indebtedness secured by this Dlortgage. ~ 12. Remedies Cumulative. Ali remedies provided in this !iortgage are distinct and cumulative to any other ~, right or remedy under this Mortgage or afforded by- last- or equity, and maq be exercised concurrently, independ- entry or successively. ~ I3. Successors and Assigns Bound; Joint and Several Liability; Captions. The cotenants and agreements herein contained shall bind, snd the rights hereunder shsII inure to, the respective successors and assigns of Lender "'' and Borrower, subject io the provisions of paragrapi~ 1 i hereof. All covenants ;rod agreements of Barrou•er shall '~ be joint and several. The captions and headings of the paragraphs of this \iortgage are for convenience only and are not to be used to interpret or define rite provisions hereof. ~ 14. Notice. any notice to Borroner prodded for m this Mortgage shall he given b}• mailing such notice br . r certified mail addressed to Borrower at the Yropenc Address srued below, except for any unfree required under paragraph Ifi hereof to tx given to Borrower in the manner prescribed be applicable late. Any notice provided for in this \Iartgage shall be dzemed to hate born given to Harrower when giten in the matmer designated herein. I5. 37nifotrm Mortgage; Governing Law: Severability. '1 his farm of mortgage combines uniform cotenants for national use and non-uniform covenants wiz!; limited variations by iurisdict-ion ±o corstitute a uniform secu- _- rity instrument covering rest property- •I•ltis Mortgage shat! Le goterneei by- the law of the iarisdiction in which the Property is located. In the event that any provision or clause ai this ltartgage or the Vote conflicts with __ sp»licable law-, such conflict shall not affect other provisions of this Mortgage or fhe V'ate which can be given _ effect withous [he conflicting provision, snd io this end the pro, isiors of the \iortgage :rod the \ete are declared to be sevsrabte. 36. Borrower's Copy. Borrower shall be furnished a conformed copy of this \lortgsge at the time of execu- Lion or aftzr tecordaiior. hereof. 17. Transfer of the Property: Asstrmption, Ii alt or sny part of the Property or sn interest therein is sold or transferred by Borrower without Lender's prior written censert, excluding {a) the creation of a lien or encttm- brance subaxlinate to this iortgage. tbl the crearen of a purchase money security interest for household appli- sn~es, {cj a transfer by devise, descent or be operation of law upon the death of a joint tenant ar id) the grant of any leasehold interest o2 three years or less not containing an option to purchase. Lender may. at Lender's option, declare all the sums secured by this 3iorigage to be inunediatcl} due snd payable. Lender shall have waived such option tc seceleraie ff, prior to the sale or transfer. Lender and the person io whom the Pmpem- is to be sold or transferred reach agreement in writing that the credit of such person is satisfacton- to Lender and that the interest payable on the sums secured by this Jiortgsge shall ire sf such rate ac Lender shall request. Ii Lender has waived the option to accelerate provided ir. this paragraph I i and if Borrower's successor in interest has executed s writ- ten s~umptior. agreement accepted in writing by Lender, Lender shall release Berrotser frwn ail obligations under tbi$ Mortgage an3 the'tiate. if bender exercises such option to accelerat^. Lender shall mail Borrower notice of acceleration in accardanee with paragraph 34 herrroi- iuzh natit~r shsl provide s period of not less titan 30 days from the date the notice is mailed tt-ithin which Harrower may pay- the cunt, declared due. If Borrower fails to pay sir : sums prior to Lhe expiration of such period. Lender rise. without further notice or demand on Sanower. irvokc any remedies per- mitted by paragraph iS hereof. \o~-T.•va~naa[ t'<tvs:cnx•ts. Bort•on-er and Lender iurtlter covenant and agree as follotcs: l~ Acc~alaration: Hemediea Eacept a. nrot:dttl in l:ara;rank I. ltcreoi, upon Borrrower'= breach of any covenant: or ag.-iisnent of Borrower in tE:i= _llo ~,aer. includhng the covenants to pay whir, glue am stm;s secured lay this !iortgage- tenter;+ria: to accelcrstio,e ~l,all ;n:.il nattcc to Barnttter a- l~rotidcYi in paragraph I-t hereof specitving: tll the b:racht c2t the action required to aurc such breach: t3) a date. not Ica than Thirty days from the date titr notice is :nailed to Borroter. by which such breach must be rm~ri: and i-1~ th;it failure to cure .ueh breach an or before trite flat: specified in the ratite mac result ir- acceleration ai the suds secured tn• this \lortgsge and sale of the Pralxrty. if the breach i= not cured or. ar beiotr the date specified in the notice. Lender at Lender's option mac declam all of the aunt secured be this \iortgage to be immediately due anti payable without further demand and mar foreclose this \lortgsge by judicial proceeding. ],ender shall be entitled to collect in sttcb proceeding ail expenses of foreclosure. including. but not limited te. costs of decumentan- rtidence, abstractr> and Lille reports. 19. Sarrow~r'a Ri~rt to Rsirtatato. Vo[wiihstsnding Lender's areeieratiot: ai the aunts secured by this Mortgage, Borrower shall have the right to itse-e ant nrareetfirgs begun by Lender to enforce this Mortgage dis- carttiatred at any time prior to entry of a judgment enforcing this \lortgsge ii: ia~ Borrower pays Lender all soma vrhieh waald be then due under this Mortgage. the Vote and notes securing Future :advances, if any, had no - aEaeleratian occurred; !bt Borrower et:res all brescl;es ei any other covenants or agmemerts of Borrower con- - twined m this Mortgage; 4c) $orrower pays ail reasonable expense. incurred by Lender is enforcing the covenants - amt agreements of Borrower c-antsinett in this ~iartgsge and in enforcing bender's remedies as provided in para- graph 18 hereo#, including, but not limited to, rc•~,~nsble attorney's fees: snd tdc Borrower takes such action as Deader may reasaaabty regtdre to assure that the lien of this Mortgage. Lender's interest in the Property and °..,. ms's obligatiaa tc pay L'~ sums st~ured by thin iortgage =lea'-! continue unimpaired. L', an such payment sndiaare by Borrower, this Mortgage and the obligations seeurecl hereby shall remain in full force and effect as if ~ seoelaatioa bad occurred. TB. Amt ai RsaL: 11ppa~lra~t ~ Rerxivsr; Leader in Poasessioa As additional security here- under, Borrower hereby sasigns to Leaderihe rents of the Property, procidecl that Borrower shall, prior to acceler- _ alarm under paragraph IS hereof or abandonment of the Property, hAVe the right to collect and retain such rents as thep bec€rme due alai payable. IIpon acceleration under paragraph 18 hereof or abandonment of the Yropert}•, Lender, in person, by agent or by judiciatiy appointed receiver short be entitled to enter upon, take possession of and manage the Property and to collect the rents of the Property, including those past due. All rents collected by Lender or the receiver shalt be applied first to payment of the costa of rnanagement of the Property and collection of rents, including, but not limited to, receiver's fees, premiums on mceiver's bonds and reasonable attorney's fee,:. and then io the sums secured by this Mortgage. Leader and the receiver shall be liable to account onh• for those rents actt:i+Ily received.