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trot exte:ud en• postpone the due date of the monthly installments t-e~rt"erred to in paragraphs I and Z hereof or <br />change the amount of such installments. <br />1i3. Harrower Not Relaaased. Extension of the time for ]tsyntent or modification of antort.ization of the sums <br />secured lay thie :Mortgage gra,ntecl by Lender to any successor in interest of Barrnwer shall not operate to release, <br />in any manner, the liability of the original Borrower and Borrotccr's successors in interest. Lender shall not be <br />required to commence proceedings against such successor or refuse to extend time far payment or otherwise modify <br />amortization of the sutras secured by this Mortgage sty reason of arty demand made by the original Borrower and <br />Borrower's successors in interest. <br />11. Forbmaraace by Leader Noi a Waiver. Any forbearance by Lender in exercising any right or remedy <br />hereunder, or otherwise afforded by applicable late, shall net be a waiver of or preclude the exercise of any right <br />or remedy hereunder. The procurement of insurance or the paymeni of taxes or other liens or charges by Lender <br />shall not be a tcsiver of Lender's right to accelerate the maturity of 'the indebtedne s secured by this Mortgage. <br />12. Remedies Cumulative. All remedies prodded in this \iortgage are distinct and cumulative to any other <br />right or remedy under this Mortgage or afforded }ty law or equity, and may be exercised concurrently, independ- <br />ently or successively. <br />13. Successors and Assigns Bound; Ioint and Several Liability; Captious. The covenants and agreements <br />herein contained shall bind, and the rights hereunder shat! inure to, the respeetivr successor; and assigns of bender <br />and Borrower, subject to t}re provisions at paragraph t i hereof. All covenants and agree^tettts of Borrower shall <br />P°~ be joint and several. The captions and 6eadiugs of the jaragraphs of this Mortgage are for convenience only and <br />9 are not to be used fo interpret or define the provisions hereof. <br />19. Notice. Any notice to Borro;t•er provided for in this Alortgage shall be given b_• mailing such notice by <br />~ certified mail addressed to Burrtttcer •at the Property address stated below, except for any notice required under <br />EO paragraph IS hereof to be given to Borrower in the manner prescribed by applicable late. Anc notice provided <br />for in thin Mortgage shall he deemed to have been given to Eorrower when given in the manner designated herein. <br />15. Uniform Mortgage; Goveraiag Law; Severability. This form of mortgage combines uniform covenants <br />for national use and non-uniform covenants with limiters variations by jurisdiction to constitute a uniform sec!:- <br />rity instrument covering real property. This Mortgage shall be governed by the law of the jurisdiction in which <br />the Property is located. In the event that any provision or clause of this ~Iori.gsge or the Note conflicts with <br />applicable hnv, such conflict shall not affect other provisions of this Mortgage ar the Note which can be given <br />effect without rite conflicting provision, and to this end the }}revisions of the Mortgage and the Note are declared <br />to be severable <br />lo. iiorrower's Copy. Borrower shall ire furnisiteci a conformed copy of this Mortgage at the time of execu- <br />tion or after rec:ordtttion hereof. <br />17. Transfer of the Property; Assumption. Ii all or any part of the Property or an interest therein is sold <br />or transferred by Borrower without Lender's prier written consent. excluding (a7 the creation of a lien or encum- <br />brance subordinate to this Mortgage, ~ h) the creation of a nurrhase inoncc security interest for household appii- <br />unces, (c) a transfer by devise, descent or by operation of law upon the death of tt joint tenant or (d) the grant of <br />any leasehold interest of three years or less net containing an option to purchase, Lender tnay, tit Lender's option, <br />declare all the sums secured by this Mortgage to be imutediately due and payable bender shall have waived such <br />option to accelerate if, prior to the: sale or transfer, Lender and rite person to wham the Property is tv be sold oz <br />transferred reach agreement. in writing that the rrecfit of etch person is satisfactory to Lender and that the interest <br />payable on the sums secured by this Mortgage shat! he at such rate as Lender shall request. If Lender has waived <br />the option to accelerate provided in this paragraph I7 and if Borrotcer's successor itt interest has executed a writ- <br />ten assumption ageeemeat accepted in writing !~}• I.encier, Lender shat! release Borrower front a}1 obligations under <br />This Mortgage and the Note. <br />If Lender exercises suelt apttan to accelerate, l,end€ r shat; -Wait Borrower natiec of acceleration in aecordanee <br />:vitlt t ~.at.t; 1 t }ier~=a: t<u!; not-ic shat! provide ;€ tteril~. of not 'rr_ tt:an ~ ':.~:: ;rat.- tkt ~:atr chi' notir~ is <br />tnailed~witlrin whist: Iiurrawer may pay the sums declared due. I: l3onntaer sells ut t~ai• =ucl. -tints prior to the <br />expiration of =urh period, Lenclcr may. tvithaui funiter notice or demand oa Ilarratvca-, invoke any re•tuedies per- <br />inittc~I by paragraph 1N ltercof. -- - - <br />\r?z,-l`xttott~r t'!tvexwxTS. Etarrou•cr aul L,end~~t 2uctht•t• tt!zvt•,taa,t anal :tr`a'sae eta f_tlla;t.~: <br />2@. ?tcc~Iesatior.; Ilemgdigs. lSxcept a.* tsravtdc•d i.t p:tragrtplt t7 her~a=, uttcttt tsetse+vrr`s brcac~lt of st.z• <br />covenant or agreement of fiorrawer in this Marigagc. including rite covenants to pay when due any runts sct~urr<i <br />by tills Mart-gags, Lender Itriur ro arrrlrr;tt:an ~Lsll ntuil notice to ttorrotver as prot•ide!t in ltarai;rat>h 14 itereaf <br />specifying: iI) the breach; i'wi the ;u•[ion re:luiro!1 to cure sorb breach; cal a date. not leas Ihatt thirty days <br />tram the dart the notico ts• urtilad to li,.~rrux~cr. h~ u~hich such breach must he c•su•od , aa,l id t that t•ailurc to curt <br />such breach an or heh!n• the- dau• spc•cifieti in the uottrr auty result in acrrleraticm of the routs ecured by this <br />Mortgage and sah;• ui the Yropert}, If the brea:r!: r. not cured rat: ur before the date spccitied in the t!otire, Lender <br />at Lender's option msy declass all of the ;nut, secured by this 1lertrage to he imme!liatriv due :ate! lta:y~#bte <br />without farther dctusuii and tatty foreclose this \Iartga};e }ty aarticiat proeeedin};. Lcnde•r shall be cntitlt~i to collect <br />in such jrroreedinj; all ctipenses of foreclosure, incht~ling. btu nut limited to, costs of durmacuUtr~~ evidence, <br />abstracts and tit-Ie mports. <br />19. Horrowmr's Right to Reinataie. Xote•ith=t;trading Lender's acceleration of the runts serurcd by this <br />Mortgage, Yorrower strati have tits right to hari• any lu•aceedings begun ltr Lender to eniorer this A{ortgage dis- <br />eontinucd at any time prior to enen= of a judgment enfa)•eint; this Alortgngr if: tat Bcerotver pay. Lender all <br />runts tvhieh svrould be then dtie under this Mortgaje, the tiotr and nobs securing F'uturc Advances, it any, had no <br />acceleration occurred; Ih: Borrower cures all hmarhes at arty outer !oven;tots or agreements at' Borrower con- <br />tatucr! in t.ttts ?vinrtgag'€; '.r1 Ilan wet ;rays °t! ressatah=lt• ~°sp;;re+es rat;-urrzi tit' I.rnd€=r in ~ ivfori-tai; `ctt€- eot•r.tunt~ <br />and Aa,«.v~--rata f Barrot -r rental izd ,~, 1 .lr,rtg tge t;ttl lit rnfurcini, t,cn:irr ~ rrmi•riic• a t?ravidei to I,arax- <br />graph 18 hereof, ,ncluding, but not limited to, reasonable attorney's feea...nd tdt Borruwtr take:,: such ttetion ns <br />Lender may reasonably require to assure that the lien a2 this Mortgage, Lender'. interest. in ttie Property and <br />Borrower's obligation to pay the sums secured by thit; \[ortgage shall continue unintpairc~rt. I?pon such payment <br />and cure by Borrower, this Mortgage and the obligations secured hereby shall remain in full force trod effect as if <br />no acceleration had occurred. <br />311. Assigaateat of Rsats; A>t~ainttaent of Rsceiver; Lender is Possession. As additional security here- <br />under, Bormwer hereby assigns to Lender the rents of the Praperty. provided that Borrower ;hall, prior to acceler- <br />ation under paragraph 38 hereof or abandonment of the Property, have the right to collect and retain such rents <br />as they beoome doe and payable. <br />Upon acceleration under paragraph i8 hereof or abandonment of the Yrolterty, Lender, in person, by agent <br />or by judicially appointed receiver shall he. entitled to enter uj:wn, take jtavscasittn of and manage the Property <br />and to collect the rents of the Praperty, including those past due. ,\Ii rents coilectcxi by Lender or the receiver <br />shall kie applied first to payment of the costs of management of the. Property and ralleetiat of rent-, including, I,ttt <br />not limited to, receiver's fees, premiums on receiver`s Eson:ls ::;tit n•asonahle attarnev's fee.. anti then to the sums <br />scarred by this Mortgage. Lender and the receiver shall he liable to aocount nnh• io• ,uric rents aentnlh• received. <br />