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not extend m• postpone the due date a[ the nront#t1y instalhnents rcferreal to in paragraphs; 1 attd 2 hereof or <br />change the amount of st.uar installments. <br />10. Borrower Not Released. L:xtensiotr of the titer for payttaent or ntadific:ttion of runortization of t}to 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 liability of the original Borrower and Borrower', successors in interest. Lender shall not be <br />required to commence proceedings against such successor or rt:fuse to extend time for payment or otherwise modify <br />amortization of the sums secured by this Mortgage lty reasmt of any demand made by the original Borrower and <br />Borrower's successors in interest. <br />11. Forbearance by Lender Not a Waiver. any forbearance by Lender in exercising am' right or remedy <br />hereunder, or otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any right <br />or remedy i~ereunder. The procm•ement of insuranrr ar the payment of taxes or other liens or charges by Lender <br />shalt not Ile a tcaiver of Lender's right to accelerate the maturity of the indebtedness secured by this ?14ortgage. <br />12. Remedies Cumulative. 311 remedies procidetl in this \iortgage are distinct. and cumulative to any other <br />right or remedy under this Mortgage or afforded h}- late or equit}•, and nice be exercised concurrently, independ- <br />ently ar successively. <br />;~ 13. Successors and Assigns Bound; Jaint and Several Liability; Captions. The cot•enant_ and agreements <br />~ herein contained shall bind, and ttre rights hereunder shall inure to, the resprrtivc successors and assigns of Lender <br />` and Borrotcer, subject to cbe prat•isioru of nacagralrlr l; hereot.:111 cotenants and agreenact;Ls of Borrower shall <br />® be joint and several. The capt-taus and hestding, of this paragraphs of this .liortgage are for cont•enience only and <br />are not to be used to interpret or define the provision. hereof. <br />;~ I4. Notice. Any notice to Borrotcer provided tar in this Aiortgage shall he given lty mailing such notice by <br />c•crtified mail addressed to Borrotcer at the Yraperty Addn•ss stah'ii below, except for any notice required tinder <br />~ paragraph 18 hereof to be given to Borrotcer in the manner pt•escribcd by rtpplic:tblc law. Any notice provided <br />~ for in this _liortgage =hall be deemed to hate been gict•n to Borrotcer when given in this mamrer designated hi-rein. <br />15. IIniform Mortgage; Governing Law; Severability. 'I'bis fonu of mortgage combines uniform covenants <br />for national use and non-uniform covenants with limited aariations by jurisdiction to constitute a uniform sec;i- <br />rtty instrument coercing real propert}•. This \iortgage sh;til i>c governed by the ]alt of the jurisdiction in twhich <br />rho Property : laratad. In *.he event that any laracision or clause of this Mortgage or the Mote conflicts with <br />applicsble late, such conflict shall eat affect other provisions of this .liortgage or "the Note twhich can be given <br />effect withour the conflicting provision, and to this end the provisions of the \iortgage and the Note are declared <br />to be severable. <br />16. Eanower`s Copy. 1'3orrow•er shall be furnished a cnn{ormed copy of this Mortgage at the time of execu- <br />tion or after recordation hereof. <br />17. Transfer of the Property; Assumption. If all or asp part. of the Property or an interest therein is sold <br />or transferred by Borrower without Lettder'< prior written consent, excluding (a) the creation of a lien or encum- <br />brance subonlinau to this lIon.gage, ibl the creation of a ]rurcha.=e money securit}• interest for household appli- <br />ances, (cl a transfer by devise, descent ar by operation of lath upon the death of a joint. tenant or (d) the grant of <br />any leasehold interest- of three years m• ,lens not containing an option to purchase, bender Wray. at Lender's option, <br />declare all the sums secured by this ~lorfgage to Ile ireuuediately due and payable. Lender shall have waived such <br />option io accelerate if, prior to the sale ar transter, lender :wd tlsr. person to whom 'the Yropeet}- is to be sold or <br />transferred reach agreement in ttriting that the rretiit of such person is eatistactort• to L.endcr and that the interest <br />payable on the sums secured by thisllartgagc shall be at such rate as lender shat request. If Lender has waived <br />the option to accelerate provided in this paragraph 17 and it Borrower's successor in interest has executed a writ- <br />ten assun;ptior, agreement accepted in reciting by Lender, Lender shat) rehase Ba•rower tram all obligations under <br />this ?liortgage and the Note. <br />if iendei exercist~a suet: splice to accelerate, Lender strait mail Borrotcer notice ai' acceleration in acaardance <br />-~if.pt -,; a 't ~i< ~3 -t-_rt}: . ai+'Ii itVi,4_ .-,tali rt3. tilt' ~ tiu,i ui cu et - u , i - ~ -- <br />p ~„ (' F' a ttr .. uu , .xr o i, , .,. ,a ~ tug <br />i:aatlaa within i}°;~T2t3 ~iirfatt'er t5i;si' jta: ttie al{i11~ rtf~ia!'t'd dt7t°.,lf~BorPOwCi` IRlI~ to pay +tit'h num~ prIUP to `tlte <br />carprrat.ic~rr of -uch prricxs. LE~ndi-r Wray, tttibt,tdt Sm'tht'r notir'~• or• ~ic't:tal:d On 13o:rOtvri'. !t:t'::k~ :t'ty r€'::i€;;lies Ihr- <br />rnitte~l hr- 1=aragraph 18 }tercet. <br />'~rtr:~-t,'tit!i's?r?3t t'..va.raax•r.. iiort•ett•e; raid l.cattlet• 1'urtirt~t• vat=t-t,teat :zn+1 :=g•t•r=1- _- _-_V}-=~c <br />1&- nocsl+arctttert, $ramedina. l';tit•cpt ;t }trot°icit•d in parn~,rnl,ir t i hr•re,~i. altar, 13orrc+twi~r's Vtrt°sch ;ri a?sy <br />eavenant ur agrees;rnt of $Hn•otter in this Alortgugt•. including the cotenants to pat tc6ru due any .ants ~ecrrrril <br />by this t3ortgat;e, l.rntirr peer to :u•ccleration shall uaail noricc to Harrower u.• providc<i in partinrapii t•i hctrol <br />~pecifytuK: rl7 the brrar•]r; i21 the rction rcquireti to sure such breach; I;li a d:atc, not Its than thirty tiav, <br />frari the Hitt iht uourt• i~ nrailcd to Harrower. I,} which sorb breach must br curvil. nn~i ra ~ drat failure to cure <br />>ueh i,~aeh at: or ttttt,rs• the date spc•citied in the notice may result in ucrelrrstion of tht~ .rnn- ~crurc,l ttt° Hats <br />Mortt;etge atul .,<alr of the Yrupcrty. If the breach is not vumd its or heitu•r the date ,.pceificd in tits Holier, lender <br />a•.. 1 ~°n=?r:'a et,,t:ot: tatty .i=,i~tatt'~ all of the sum, sreutrd 6}' this ~,urtg:rgr tic he iirurioe{i;tit=iy tiiu• :tnd uri'alaio <br />1 <br />u~it-hitut :.;rtVter tit•,iratid anti 3na}• icn`t•clwe this \Iortgagr by tutiioial pracr•t~diug. Lcniier ..hall he rntrth,{ to collect <br />nr sash pn,rrednr~, :ifl expenses of tarcclo:urc, i:;rluding, but not tinritod tu, costs of docuur.•rrtart rtit_lenee, <br />absta:acts nd tills rel>ort,~ <br />lg. rotver'a Right to Rsittwtate. Aotttithn[uuding Leniler•s uccrleraNon of the sinus :reared by tLis <br />Mortgage, Borrower shall tulle the right to hate any proceedings hegtm by 1 ±~ndcr to cnfaree *_lris ~lartgage dis- <br />continued at any titer prior to entev of a ludt;ment eufotcing this Mortgage if: tat Harrower pays Lender all <br />stumms which a•auld be then clue under this 3longage, the \ote cell Hates securing Futun• Advances, if any, Itad no <br />acoelerat.inn occurred; !b? Borrower cures ail beaches of an}• other eutenants or a¢mentents ai Harrower can- <br />- "' : i $vr ~a <br />~~~ __= t=~•= ~:o.~sge; t {'ay> all rcasoa.thtc• t~xpenses mcurrtd by Lender itt enfarring the covenant.. <br />aim a~~iiarnts of $orrotcer contained in this ilortg:igc .tell iu eofnretng l.cniler•< t•rtn<Ylies :ts ;travided in psra- <br />graph I8 hereof, including, but nut- limitcei to, reasonahic atrornev'n fcv>; and tit! Horrowrr tukt•a such action as <br />Lender may reasonaLly require to assure that the hen of this ~lartgage, I.endrr's interest in the Property and <br />Barr+awer's obligation to pay the soma seeurerl by chi, \tartgaar shaft continue utai:upaitt~+l- I7fton .Tacit payment <br />and cure by Borrower, this ltiortgagc and the obligations secured perch}• shall remain in full force and effect as it <br />no acceleration had occurred. <br />2D. Assigartteat of Re>~; Apiwlnttaeat of Receiver Leader in Posaasrioa. As additional security here- <br />under, Borrower hereby assigns to Lender the rents of the Property. prot•iderl that Borrower shall, prior to acceler- <br />ation under paragraph 18 hereof or abandonment of the Property, have the right to collect and retain such rents <br />as chef become due and payable. <br />Upon acceleration under paragraph 18 hereof oa• aUaudomuent of the Proper , , Lender, in person, b}• agent <br />or by judicially appointed receiver shall be entitlctii to enter upon, take possession of nest manage the Property <br />and to collect the rents of the Property, including thane past due. Ali rents collcetcci by Lender or the receiver <br />shall be applied first to payment of the costs of management. of the Property and callreticn of rent=, including, but <br />not }itni=~ ta, reeetver'a fees, 1'ir..miurns on reeciver's banns e.nd reasanaitic attorney`s fees- and then to the sums <br />secured by this liortgage. bender and the receiver shall tae liable to account aniv fc-- chase runts arhrally received. <br />