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not extend m• postpone the due date of the monthh• iuetnlhuenr referred to in I,aragraphs 1 and 2 hereof or
<br />change the amount o[ such installments.
<br />10. Borrower Not Released. L•'x±ension of the. time for pa}'ntent or modification of amortization of the sums
<br />secured by this Alortgage granted by Lender to anc sur_cessor in interest of Borrower shall not operate to release,
<br />in any ananner, the liabilit3• of the original Borrataer and iiorroner•s successors hl interest. Lender shalt not be
<br />required to commence proceedings against such successor or refuse to extend time for payment or otherwise modify
<br />amortization of the suers secured b}• this Mortgage by reason of :uty demand made be the original Borrower and
<br />Borrower's successors in interest.
<br />11. Forbearatsce by Lender Not a Waiver. An~• forbearance h}- Leutier in exercising nn}• right or remedy
<br />hereunder, or othencise afforded b~• aladicable Iatc, :ha:i not be a waiver of m' preclude the exercise of any right
<br />or remedy hereunder. The procurement of insurrure or nc~ earmer,t nt taxes or viper liens or charges by Lender
<br />shelf not he a waiter o2 Lender's right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />~ 12. Remedies Ct:alvlativ=. a1': remedies pn_ticied in this \ivrtgsec are distinct and cumulative to anc other
<br />°--t right or reined}- under ti;is Mortgage or a~orde+i by I;t,t or equip, an,j m:n ho exercised cmtcurrently, independ-
<br />C~ J entl~- or successiveh•.
<br />e.+ • 13. Successors and Assigns Botmd: Joint and Several Liability; Captions. The cotenants and agreements
<br />herein contained shall hind-and rite riglus i;ereundcr ~itai; twin' tv. rite respectitc successors and assigns of Lender
<br />a and Borrower, subject to the prcasivns vi ; ; ,gr;ipii t; b,rrof..Ul rovcnana aroi a:~reements of Borrower shall
<br />= be joint and_ereral. The caption, and Loadings of tic paragr:y,hs of this Aior~rate are for convenience only and
<br />are not to be used u, inrernret ar detznr ti+e ;xotistua~ ;:crevf.
<br />~ 14. Notire. ant nouce to Borrowr:- I,rvri•.it~; fur in *.i:i~ Mort_aac si:ail he gitc•n by mailing such notice by
<br />[~. certified hail addn=±sed ;o Borrotcc=r :u tLc Yropcrtr .~d,inrss ,t te~i boron. except im~ any petite required ender
<br />paragraph 13 hereof to he ~itcn io Borreurr n: ter panne:- pn=urihrd h~~ alq,}icabh• law. 9ny no[icc prarided
<br />for in this Mortgage shsii %, • :iecr;ed ;o ustr- been Vii. cn u, Horroncr :ri:e^ ;;i=: cu in t he mauler designated herein.
<br />15. Uniform Mortgage: Governing Law: Severability. 'Gish: ions of mortkage combines uniform cotenants
<br />tar national use aid non-uniiorn: eorenant- :citi: iimite:i variations 6~~ 1m~isdiction to constitute a uniform secu-
<br />rity instrument cvtering rest !~rvpert}- T13s Mort~agc shsii be ~oterned ht the isw of the= iurisdictien in which
<br />the Property is lcrated. In tiro crept ti:at art}• prorisior• or clau=~~ of this \iortgage or the Soto conflicts with
<br />applicable law, such: conflict shall r,ot offer: nr..er protistons vi this \iortgage or the Sotc n-hieh can be given
<br />e2Yectn-ithout the conflicting;trovisior.. and m tint er., tree prnrsinus vi the Mortgage a;;t+ rile tie a.e d~Iared
<br />io be severable.
<br />16. Borrower's Copy. Borrower shsii he ?urnis:ed :! ; oniormed cops of this \fortgagc 3t the time of e::ecu-
<br />tion or after recordatior. hereof.
<br />i7. Traasfer of the Property: Assumption. Ii alt or and- part of the Propene or an interest therein is =old
<br />or transferred by Borrower n-itilout i.ender s prvr writter, ronsent. excluding ~ a ~ the creaiiou of a lien or encum-
<br />brance suiwrdinste tv this \iottga,e. , b ~ the creation of a purchase money secarity interest for household appli-
<br />sne~, cj s u~nsier ac dense. descent m• by operation of isn upmt the death of s joint tenant or idl the grant of
<br />any lesseilold interest of three }-ear; oz less not cvntairi:r, an option to purchase. Lender ms}-, at Lender's option,
<br />declare sli the sums ,ecured oy this \iortgage to be iunneciistel}- due and nsyabk•. Linder shall hate paired such
<br />option to accelerate r• prior tv the sale o* transfer, Lerder and rile person tv nhom the Preper*•r is to be sold or
<br />transferred resell agreement in writing that the cresiit of such: person is satisiactvr.~ to Lendrr and that the interest
<br />payable an the sanL secured h}- this Aiongage shsii i+e st au°h rate ss Lender =halt rcquest_ ti Lander has waived
<br />the optivn to accelerate nmrided in this paragraph; 17 and ii Borronrr-s s;treessm' iu interest has executed a writ-
<br />ten assumption agreement weep*.cd ~n nriting b}- I-cedes', i.ender sh°II release Burrvn-er in:m s!i obligations under
<br />this Mortgage and the \oce.
<br />Ii Lender exercises such optian to acce;~•rate. Lender shah :nail Harrower notice vi acceleration in accordance
<br />u7i13 paragraph 14 hen•of. such nonce -1.a1! pruridr a period ui niu lr~s than 30 bays irons the date the notice is
<br />mailed rritrir. which Borrower wa. rya} the awns declared due. Ii Horratu•r isii> to par such! <ums prior to the
<br />expiration of such perio;I, Lender r.:ac, nitl':out harsher notice or demand m: Horroncr, itnok: env remedies per-
<br />mitted br paragnrph I8 hereof.
<br />ties-I-s;t•nxat t'oc>:-..~•r... $orroner aced i.under further coceu.ant :utd a,ree a: foliun.
<br />2$. Aecatera@oa: Remedies. Exce{,, ::;r,v:ue,; in nata;;ry,6 i; l::rev'. spat: Barroner'- t,reach of am-
<br />covena .t a. _ . ., <f Borron-,. in .,... 1' t~:,- ..... .-.~.i:t~ ihr rot'ena:n- h .
<br />a°r="'::er•• e_ „"_ ,o ,;, ' , ` ay tr1-rn dtt, am- -um> secured
<br />by thi_c~\lvrtgage.Letlderl,ricr ti, arr•iz•r.,tinn~.isa'ti n.:ci1. noucc to Berr,ncr a~~yrornirci to l,.irx;;r:g,h 1-} hereof
<br />slrtrifying: ,i_; the brraci:: ;?> v!e artier. -~qui~rr, to ,°m-e -urv, hres:h: i3• a ,iat,~ not 1~„< than tl•,irtc data
<br />f rna:: the date tier nonce i- mailed to Hrrrvwcr, i:c ,..-tart; surli htt•arh u,ust br eurr,i, arnl ~.} ~ th:u iaiiun= to rare
<br />-uch breach on or t,eiore rile date s}ercltied ;u ti„ :;Drat ::,a~ re-u'a iu arceirratio;: of :i:,..aut< <ecured by this
<br />~fertgage arm :ale a'the Property- Ii the ht2arl; 3~ nv*. run°,i ar. or be;~,rc [f,r dnt,• >perified in the notice. Lender
<br />at Lender`s option n:ay declare all vi the cocas st~~umi ?~~ tsu> \Songa•~e• to he nnm~iiate?t dur and payable
<br />v,~ithout further demand ant mar ioreclosc t'tn- 1lort cage hr ;ud:ria; prore,n-1;n~ Lru,ir-r ,halt i:e enritla=d to collect
<br />ir. <uch l~rraec-Pding all exueu<~s :,i tore-clostn~r :..rina::;{t. but not lu!v;rd *•a. ,=oats of durt::uentun~ e,~idrnrr.
<br />3b~traett arid Utie reparis- '
<br />19. Borrvsear's Riglst to Reintlats. tiotwal:,[ana;rn_ i.rmter': acceleration vi tiu• mums .reared In• this
<br />Mortgage, Borrower shall bare the right to bare an}- t~rxceain_s be:;un br I_enrrr ;o cnfora- this \iortgage dis-
<br />eontinued ai any time prior to entry of a ludelnent enio:cing !1!is \lottgage ii +a r Borrowe; pars lender all
<br />a~ttms which would be spec. due under this \longagi . tl,c \vte and notes securin;' Futon- .~dyanres, if anc, hari no
<br />saxleratitan occurred; +bi Borrower cures ail bresri:r4 ai an} vtl:er eor,•nants or a~mernents vi Borrower con-
<br />tained in this Mortgage; ict Borrower pays alt rerzwrat+le ,-xpenx•s incurred n- Lemier in cnfvrring tlu• rarerant-,
<br />and agr•~ments of Borrower contained in tins \lvnra;;t- and in rnforc;n; Lendrr', remedies ss prodded in psra-
<br />grsFh 18laei~eof, including, but not limited to. reasonable attvrne}-'s tee=: sn,i +d ~ Rorrowcr take.: _;uch action as
<br />Lender pray ressnnably regaire to pure that the lien of tht- ~iongagc_ Lrmier's interest in the Proi>f•rty and
<br />Borrower's obligation to pay the sums secured by this \ionga_a- shall continue uuuupaired I'pon such payment
<br />~,' e¢ir by Borrower, this Mortgage and the obligations secured hereby shall reutsiu i^ hull force and effect as ii
<br />nc acceleration had occurred.
<br />PC. aE Halls; Apf+ointmeat of Receiver: Lender is Poaseraion. .t, suditional security here-
<br />under, Borrower hereby assigns to I.snder the rents of the Propene. provided that Borrower shall, priar to acceler-
<br />ation under paragraph IS hereof or abandonment of the Property. hat°e the right to collect and retain such rents
<br />as they b due and payahfe.
<br />Upon acceleration under paragraph 18 llereoi or sbandvnmeni of the Yropeny, tender. in person, by agent
<br />or by judicially appointed receiver shall be entitled to enter ul+an. take pos.ession ui and Manage the Yrvperty
<br />and to collect the rents of the Property, including those past due :111 rents collected by Lender or the rereiter
<br />shall be applied first to payment of the costs of management of the Ptopertr and cnllertior. of rents. including, but
<br />not limited to, receivers fees; premiums on receiver: bonds and reasonable attorncv:= ire-. and risen ra the sums
<br />secured by this'liortgage. Lender and the mreirer shall he liable to account Derr for these rcnt> xrutaih• reccired.
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