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Y;rncter sha3i not. be required tc commence •rroceedings again s=~ci: suce~•.>-o; or;efu=e to extend t*ron for p a;.Meni or otherwise madaiy amortization of thc• sums secured by- this Mortgage ::r realm; of am dem3nt made `tss the original Borrower and Borrower's successors in interest. 1I. forbearance by Lender Not a Waiver. piny *'arbearance by Lender in exerr~sing any right or remedy hereunder, ar otherwise affardecl by spnlieabie lace. shall Hirt `re a +cai>•er of or preclude the exercise of any right or remedy hereutder. The procurement of insurance or the payment of taxes or other liens or charges by Lender shall not be ~ wttiver of Lender's rigtrt ro accelerate the maturii3- of the indebtedness secured by this tiortgage- I2 Remedies Cumuiauve. :~li remedies pravide+i in this Mortgage are distinct and cumulative to any other v right ar remedy under tills Mortgage or afforded in la+e or cgt.in-, and may ho exercised concurrently. independ- entiy or successiveh•. ~ i3, Successors and Assigns Bound; Ioint sad Several Liability; Captions. Toe covenants and agreements herein contained si;all bind, and rite rights hereunder <ha(i inure to. the respeciivr. successors and assigns of Lender and Borrower, subject to the previsions of paragraph 1 ~ hereof. Ail covenants and sgreetnents of Borrower shall be joint and severe;. T}re captions and ireadings of lire paragraph. of this lIortgage are far convenience only and :.re not is be used to interpret or define the provisions hereai. 14. Notice. Ant notice to Bon•o+cer provided for in thi= Mortgage shalt he giver. by mailing .,urh notice b~' ~ certified mail addressed to Borrower at the Yrapcrtc Address stated belo+e, except for an} notice required under paragraph 18 hereof to be given to Borrower in the manner prescribed b}• applicable lain- 3nv notice provided for in this Iortgage shall be deemed to have been given to Borrower when given in the manner designated 1u^r~-in. I5. Uniform Mortgage; Governing i.aw; Severability. This form of mortgage combines uniform covenants for national use and non-uniform covenants tvit-h limited variations by jurisdiction to constitute a uniform secu- rity instrument covering real propert}°. This \Iortgage shall be governed by the law of r.he jurisdiction in which fhc Property is located. in the event that. any provision or clause of this Mortgage or the Note conflicts with applicable la+~, such contiict shalt not affect other provision= of this Mortgage or the tote +vhich can be given effect without rite conflicting provision, and to this end the provisions of the \Iortgage and the i\tote are declared to he severable. 18. Borrower's Copy. Borrower shall be furnished a conformed copy of this Mortgage st the time of execu- tion or after recordation hereof. 17. Tzaasfer of the Property; Assumption. If all or any part of the Property or an interest therein is said or tramsferred by Borrower without Lender's prior written consent, excluding {a) the creation of a lien or encum- brance subordinate to this \Iortgage, (bl the creation of a purchase money security interest for household appli- ances, ic) a transfer by devise, descent or by operation of Iaa 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 Mortgage to be immediatety due and payable. Lender shall have +vaived such optiom to accelerate ii, prior to the sale or transfer, Lender and the person to wham the Property ~~ 'o 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 b_v ibis 1lartgage shall he at such rate as Lender shall request. If Lender has waived 'the option to accelerate provided in this paragraph 1 i and it" Borrower`s successor in interest has executed a writ- ten assumption agreement accepted in writing by Lender, Lender shall release Borrower from alt obligations under this Mortgage and the Note. If Lender exercises such option to accelerate, Lender shall :nail Borrower notice of acceleration in accordance :+-iih paragraph 14 hereof. Such notice ;hall provide a period of not less than 30 days from the date the notice is mailed witi,itt +dt:ich Borrower mat pay the surds declared due. Ii Borrower iaiIs to pa}• such sums prior to the expiration of such period, Lender may. without. further notice or demand on B'orro+eer, invoke any remedies per- mitted by paragraph 13 hereof. o±-itntFC,n.nt i'ovr;xa';rs. Borrower anti Lender farther covenant and ag't•ee as follows i3. Acceleration; Remedies. Except as provided in paragratri: i r hereai, upon Borro++•er's breach of any eovcnant or agreements of Borro++•er in this Mortgage, including the covenants to pay when due anY sums secured by this Mortgage, Lender prior to acceleration s}rsll mail notice to Borrower as l>roeidcd in paragraph 14 hereof specifying: (11 the breach; t2) the actimt required to curt such breach: f3't a date, not lees than. thirt.v days from the date the notice is mailed to Borrower, by which such breach nmst be eared; and f41 that failure to cure such breach on or before the dace specified in the notice may result in acceleration of the sums secured by this Mortgage and sale of the Property. If the breach is not cured or. or before the dste specified in the notice, Lender at Lender's option may declare all of the stuns secm•ed 6}• this Mortgage to be irmnediateh• due and payable without further demand and may foreclose this Mortgage by judicial proceeding- Lender shall be en[iiled to collect in such proceeding all expenses of foreclosure, including, but Hat limited to, costs of documentary- e+-kfenre, abstracts and title report.. 19. Borower's Right to Reinstate. \ot++•ithstanding Lender's acceleration of the sums secured by this Mortgage, Borrower shall have the right to have any proceedings beg+m by Lender to eniorec this \Iortgage dis- continued at any time prior to entry of a judgment enforcing this Mortgage if: cai Borrower pays Lender all sums which would be then due under this \Iortgage, the \ote and Hates securing Future Advances, if any, had no acceleration occurred; (b) Borrower cures all breaehex of any other cocen:+nts or agreements of Borrower con- tained in this :viortgage; tc) Borrower pays all reasonable expenses incurred by Lender in enforcing the covenants and a~-~teeFnenta; of Burrower contained in this ilortgnge and in tnfareing Lender's remedies tz<s provided in para- graph ltd hereof, including, but not limited to, reasonable attorneys fern-; and tdl Borrower takes sorb arbor, as Lender may reasonably require to assure that the lien of this \Iortgage. Lender's interest in the Property and $orrower's ob}igation to pay the sums secured by this Mortgage shall continue unimpaired. tipon such payment and cure by Borrower, this Mortgage and the obligations secured hereby shalt remain in full force and effect as if na acceleration had occurred. ~• Assi~suseea! of Resets: Appainimeat et Receiver, Leader in Possescian. As additional security here- under, Borrower hereby assigns to Lin•3er the rents of flte Property, provided that Borrower shall, prior t.o acceler- ation under paragraph 18 horeof or abandonment of the Property, have the right to collect and retain such rents as they become due and payable. Zlp~n seceleration under paragraph l8 hereai or abandonment of the Yropetty, Lender, in person, by agent or by judi.,:ally appointed receiver shalt be entitled to enter upon, take possession of and manage the Property and to caileci 'the rents of the i?;operty, including those past due. Ail reefs collected by Lender or the receiver shall foe applied first to payment of the costs of management of the Property and collection of rents, including, but. Hat tirriiied ta, r~eiver's f+ste, premiums on rcreiver's bonds and reasonable attorney's fees. and then to the sums secured by this Mortgage. Lender and the receiver shall tee liable to account onh• for those rents actually received.