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I <br />;~ <br />not extend or postpone the due date of the montirh- installments referred to in paragraphs :and 2 hereof or <br />change the amount. of such installments. <br />10. Borrower Not Released. Extension of the time for payment or modification of amortization of the sums <br />secured by this Mortgage granted by Lender to any successor in interest of Borrower shall not operate to release, <br />in any manner, the lisbility of the originsl Borroter and Borrower's successors in interest. Lender shall not be <br />required to commence proceedings against such successor or refuse to extend time for payvtent. or othern~ise modify <br />amortizatfon of-the sums secured by this ~Iortg:cgc by reason of an}- demand made by the origirat Borrower and <br />Borrower's successors in interest. <br />2I. Forbearance by Lender Not a VYaiver. Anp forbearance b}• Lender in exercising any right or remedy <br />hereunder; or at.herwise afforded by applicable late, :hall oat be a salver of or preclude the exercise of any right <br />~ or remedy hereunder. The procurement o[ insurance or the payment of taxes or other liens or charges by Lender <br />r.a shah not be a waiver of Lender's right to secelerate the maturity of the indebtedness secured by this Mortgage. <br />~ 12. Remedies Cumulative. All remedies provided in this \iortgage are distinct and cumulative io am- other <br />~ right or remedy under this ~Iortgaee ar afforded by late or equit}•, anti ma}~ 6e exercised concurrenth•. imlepend- <br />~ ently or auccessiveh*. <br />Y i3. Successors and aAssigas Bound; Joint and Several Liability: Captions. The c•oven:utts and agreements <br />herein contained shall bind, and the rights hereunder shall inure ta. the respective successots and assigns of Lender <br />ana Borrower, subject to the provisions of paragraph 17 hereot. All covenants and agreements of Borrower shall <br />~ be joint and several. The csptions and headings of the paragraphs ni this \lortsage are for ronvenience only snd <br />A are not fo be used to interpret or define the provision= hereof. <br />Id. Notice. Bnv notice to $arrocter provicicd far ht this \Lortgage shall i,c given i,}- utailing such notice by <br />verified tnsSl addreced to Borrower st the Praperty Addmss ststed belo;c. rxcent im' any native required under <br />paragraph IS hereof to 6e given to Borrower in the manner nrescrihed he :pplieabie law. Any notice provided <br />for in this Mortgage shsll 6e deemed to have been ,liven to Eorrower a lun gircn in the nutnncr designated herein. <br />I5. IIniform Mortgage; Governing i.aw; Severability. This Torn: of mongagr ronil,ines uniform rovenanfs <br />£ornational use and non-uniform covenant. with limired variations by iurisdiction to wastitute a uniform secu- <br />rity instrument covering real prapert}-. ibis Mangsge shah be gover.:ea by the law of the jurisdiction in which <br />the Properly L located. in the ecen2 that sny provision or cisuse of this llongage or the \ote conflicts with <br />applicable law, such conflict shsll not sffect other provision of this ~Iartgage or the \ate u•hicit can be given <br />effect without the eonftieting provision, and to this end the prm'isians of the \tartgagr and the tote are declared <br />to be severable. <br />i6. Borrowei s Gopy. Borrower shall be iurpishe,i a conformed cagy of this \iortgage at the time of execu- <br />tion or afrzr mcordatior. hereof. <br />17. Trms~er of the Praperty; Fissumption. Ii sll er any part of the Praperty ar as interest therein is cola <br />cr #ransferrea by Borrower without Lender's prier written consera. excluding is i the creation of a lien or enettm- <br />branee subordinate io this _iortgage. +br the creation of a purchase mosey seeuritc interest for household appli- <br />snce<, (e) s #rsnsie-r bt- devise. descem or by ol~ration of ia,t' upon the death of s ioint tenent or !dl the grant of <br />any lea_cehold interest of Three year; or less not contaiair.~ ar: optiar= to nurcha_~e. Lender mar. at Lender's option, <br />declare alI the srmc secured br this Mortgage to be imn,edistely due and liaysbie. Lender shsil hate waived such <br />optiar to accelerate ii. prior to the sale or trsnsier, Lender snd the pez~on to tvhart the Propene is *.o be sold or <br />i_*ansferred mach agreement in writing that the credit of such l,etsan is satisfsetary to Lender snd that the interest <br />payable on the sums secured by this \iortgage shall he st wch rate as Lender shall reynct. Ii Lender has waived <br />the option to accelerate provided in this ps*.sgrspir 1 ~ and ii Borrower; surce~or in inu•rest has exc~ruted a writ- <br />ten assumption agreement accepted is n-riting by Lender. Lender shah release. Borrower from all obligations under <br />this iortgage and the ~ ate. <br />If Lenaer azce*ci>er such option ?o aecel~ratr, Lender shsl; trial; Borrower notice of arreieration in accordance <br />with paragraph i-1 hereof. much notice -, pre+rde~ s l,eriod ai sot Teti than ,ill days trans tt.: Gate the notice i_s <br />maxied within which Harrower n;ay 1+nv ci.i• sat:.- ,>eclan•d :iu~°. Ii Borrower fsi':s to I,sy : -ums ptnor to the <br />expiration of march period. L:'nder tnac. •.c;tlatr ft:ni:er notice ar detnsnd on Borrower. ittvake any remedies per- <br />mitzea by paragraph tR laercof. <br />\a~-t-:+t~ar~r t.'ac-> ~et:-rs. Bnrr,,ev:•t :,ml Linder further ravenunt arcl a~rec• as fo.iows <br />I8. }lcesi+.eration: S~mnediea- Eirc;a a _ ,.,,? :.; ~,:,rs,rnpi: la 1:ereof, upon Borrower', breath of say <br />coyenanz oragrcezaert :,: Bortx:aer i.....- Ma:tcav,.:.. ,u,;ing fire eotersnts to i,ar tel;er: due st}y >um~ cerunni <br />6t this ;4lartgage, Lender ,=rzor to s_rY-a-:>t.o.., -frail ncd: nnuea u, Barrotver as ;,rar,s,-,l in l,aragrapi, 3d hereof <br />speeifyirig: +i: the i,reaci:. ,_ _._. ..,u:.,-i to cur. ,url: 4txsrh; i3~ ^ date. riot less tl:ar: china day. <br />from the date the no?rr,° ,, i;tas;ri to B.,r^c, +,:r ,:=v n lard, sari, l,nn. is rmst t„ c_..~d'. and ~ ! ~ that !aihrn• to ct6rc <br />such irresch on or before t4,e date *},rct5t;i u; :._ nottrc sasy t2.u1t in acct•lrr:attou ot" the cams secured by this <br />Mort~e a¢ui +s?~~ of t,~ P-cry~sa~- li u:~-t,rese}: z, riot rarz~i or. os lxiorc-the date s;zcrifie*=1 to ti;e notira. Lender <br />at Lenders option u:ay iea'src s.€ a' t5:r stu_ts ><-cu?r•ti by thts \Iongage to i.e innrcvitatch- slue and payable <br />n•ithaut furtherar-man+ an,; r:tai ::~rc•r;c*_k ?ins Slortgag, h} ;udreia; nro,°eed.ng. Lender:ivall t~ entitled to collect <br />in sort-, pnxeextntg al erxrme_ :=i f=,n-?icss;zr~- :nr1u•lrne. bin r,at hvuitr,a te. rests of ttocunnNntan- evidence= <br />abstracts and title repays. . <br />Y9. Haeroz~s's >$gai to ti~atate. `iotwulsstsrrdmg Lender'> acrt•leration of chi aunts secured by this <br />bfoztga~e, Borrower shall lsaye the right to have any proceedings i>zgur. by I.Ynder to ettiarc this 1lertgage di- <br />eued at asy time priar to entry as a ludgn,ent enforcing this liangage if ta, Borrower hays Lender all <br />sums tvhieh told be then sue under th \Iatxgsgr. fife \ote and notes securing Future Advances, ii sty, had ne <br />acoeleration occurred; (bt Borrower cure, all breaches of snr other corcnams or agreements of Borrower coa- <br />tained in the mortgage; je j Borrcta•er pays all rea•~onsbic- e>iitenses incurred by Lender in enforcing the covenants <br />ate aata of Bormaer cottained in this Mortgage snd nt enforrina I~,ntier' remediei ~ ,ruvidc~t in I>,vra- <br />grngh i$ hereof, including, but aoi }invited to, maaanable attorney's lee`: and rd r Borrower takes such action as <br />i. stay ressomably require io assure that the lien of this ~tangage, Lender's interest in the Property and <br />Borroter's obligation to pay the sums secures by thi.~ Afottgage -hall continue unimpairc-ti. t'pon such payment <br />a~ Caere bg Borra~wer, this Itiotigage and the obligations secured hereby slurp remain in tuff force and effect assi <br />na aat+eisat5on tend ocenrred. <br />48. 1laigomsat at Ssiots 1lppa~rnt ai $Keivat: Leader is Posseasiaa As additional security hem- <br />under, Barrearer hereby assigns to Lender the rents of the Property. provided that Borrower shall, priar to acreler- <br />ataenv under paragraph i$ hereof or abandonment of the Property, have the right to collect and retain such rents <br />ae tlmg become due and payable. <br />L`pom aaeterstiaa antler paragraph i8 hest-uf or abandonment of the property, Lender, in person, by agent <br />ar by j»dieiallp appointed receiver shall be entitled to enter upon, take possession of and tuanage the Property <br />and to collect the rents of the Property, including those past due. All rents :ollected by Lender or the receiver <br />shall be applied first to payment of the coats of management of the Property and collect ion of rent;, including, bm <br />not limited io, teeeiver's fees, premiums on receiver's bonds and reasonable attorney's lee,. sad then to the ,ants <br />secured by thisArlortgage. ientler and the rereirer shall he liable to account only far those rent: actually rcreived <br />