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not extend ar postpanc the due date of the mont.hh• isrstszlltuersl,s referrer! t+~ its paragraphs i at,nd 2 hereof ar
<br />change the arrsount of suck! instaihnents.
<br />1t1, HorroWer Not Released. I±sxtonsian of i~lte ti~rtze far I~taptctent or rnaditi~ostiors of amort~iza~tion of the sums
<br />secured by this 3lortgsge granted lry Tender to any successor in interest of Borrower shall not operate to release,
<br />in any manner, the liability ut the original Horron•er and Borrower's successors iu interest. Lender shall not be
<br />required to commence proceedings against such successor or refuse to extend time for payment or otherwise modify
<br />amortization. of the sums secured by this Mortgage by reason of any demand made by the original Borrower and
<br />Borrower's successors in interest.
<br />~,,;• 11. Forbeazcmce by Lender Not a Waiver. Any Iorbearanec by Lander in exercising any right or remedy
<br />hereunder, ar otherwise sfforded by applicable Isw, shall not be a waiver of or preclude the exercise of any right
<br />erg or remedy hereunder. The procurement of insm•auce or the payment of taxes or other liens or charges by Lender
<br />shsit not be a tcaiver of Lender's right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />~, 12, Remedies Cumulative. All remedies provider) in this Mortgage are distinct snd cumulative to any other
<br />® right ar remedy under this Mortgage or affordert by late or equity, and may he exercised concurrently, independ-
<br />ently or successively.
<br />13. Successors and Resigns Bound; Taint and Several LiabiSty; Captions. The eavenants and agreements
<br />herein contained sltail bind, and the rights hereunder shall inure to, the respective successors and assigns of Lender
<br />and Borrower. subject to the provisions of paragraph 17 hereof. All covenants and agrcerucnts of Borrower shall
<br />be joint and several. The captions and headings of the parsgraphs of this Atartgage are for convenience only and
<br />art not to be usedt-o interpret. or define the previsions hereof.
<br />14. Notice. Am• notice to Borrower provided for in this \lartgage shall he given b}• mailing such notice by
<br />rertihed mail addressed to Harrower at the Property Address stated below, except for an}• notice required under
<br />haragrtph I8 hereof to be given to Borrower in the manner prescribed by applicable law. An}~ notice provided
<br />far in this Mortgage shall he deemed to havr been given to Borrower when given in the manner deeigaated herein.
<br />15. Ilnifarm Mortgage: Governing Law; Severability. 'Chic forth at• mortgage combines uniform covenants
<br />for national use and non-uniform covenants with limited variations by jurisdiction is constitute a uniform secu-
<br />rity instrument covering real property. This Mortgage shall be governed by the law of the jurisdiction in which
<br />the Propercc is located. In the event that. any provision or clause of this Mortgage or the Note conRiets with
<br />applicable law, sut•i, conflict shall not affect other provisions of this Mortgage or the Note which can be given
<br />effect without the conflicting provision, and to this end the provisions of the Mortgage and the Note are declared
<br />t.,^, tw a °bl~.
<br />16.~Barrcawer's Copy. Borrower shall be furnisher! a ronforn:erk copy of this Mortgage at the time of execu-
<br />tion or utftt•t• recerrdtatiar hereni.
<br />17, ~'ranafer aT the Property: Assumption. Ii ell or any pert of rite .Property nr an interost therein is said
<br />rrr tranrvferred Pty ;Borrower avithouc. L:ender•s prior written consent, excluding (a) the creation of s lien or oneum-
<br />k,rance rti'ubtrrd'ma'Y,~e to this Mortgage. th! the creation of a~t ~,l,nrrehase ntoney security interest far househoVd app)i-
<br />a'~tnee~s, ~c1 t~t transfer by dec•ise, descent or by oltkration of late ulsatz the dea'ttNs of a joint tenecnt, or (dl the grout of
<br />:toy leasehold interest of three years or less not containing a;n option tea pnrehase, Lendur may, ut L.+rnder''s option,
<br />rikcifra all the sums secured b}• this 3ortgage to be inunedi:ctrh• due and payable. Lender shalt hank. waived each
<br />option to accelerate ii, prior to the sale or transfer, Lender and the person to whom the Property is to lre sold or
<br />transferred reach agreemeut in writing that the rndit of sur•h person is satisfactory to ).ender and that thn interest
<br />payable an the sums secured by this ~'tortgage shall be ut sttc6 sate as ).ender shall request. If bender has waived
<br />the olititlit to arceleeate provided in this paragraph i? and it Borrower's successor in interest hoe executed awrit-
<br />tkn assumption agreement accepted is writing ln• t.endkr, lender shall releask Borrower from alt obligations under
<br />this ;t,lotiAsgc sod the Nnty.
<br />If t x+rsutrur rr~c•rni*•a1: _rur}t trntinrr t,~ xev-eler-arm Ik~rtder ~~cEaall mail R[vraxwmr r,at.ir•e nE a[±, wlaratinn in .~wra±i~.tYn~
<br />»ith ,us~3gtatt~h t: lrrrrut. ~tul. trutr~-r -h;~ll provide a lrer'i~.l of nut )sees than 3Q days fruns the dark ihr notieer is
<br />trusile,i uiti?itt wisirl•, tiarruvrrr nsay pny tttr runt., dreiarer<i due. 'if Barrote•cr fails to pay such .mus pt•iot° to tht:
<br />rxl7ir~t,i~3n of snap[ t~riod, LfztdrF n't~~°, witk,t7ut fart) rr :aGtl'f'e ar tfrtnand rsn ~~R'eYrr~ncer. invoke env rkmedi~ pcr-
<br />utitted try parag„ral>h 1$1}et•eaf
<br />:~crx~l'`;~trcrn~~ :rvt:?:nx"r~. hexrrcru•c.r anal i.kn~tic'pr urthet= ao[-fhtu'~tnt and a~rtre as trriiatc^s
<br />lit. 4eceleratian; Remedies. 1•:xcept :ts pruvtdc=1 in I,;rrngrnl,h 17 ircreof, upau Borrow°er's hreac}r of rtn}<
<br />eovenaut ar agreetneut of Barraaer in this Alurtgagv, iucludhrt+ tltr covenants to )ray whr,t due env stunt secttr«1
<br />by this ~lortgsgr, Lender l,rior to turz-lerrhmt s,wl1 mail urrtiac to Rar•roa~cr us prucidcd in parragral,h I•i 6crt~of
<br />specifying: ill the iu<each, i21 the ;u•tion rryturrti to cure such breach; tar a dntr• Hirt le~~ tlnctr thirtt• !lava
<br />fratu thr date the uant-e i~ nraurd to Borrawrr, h}" u~irich such breach must Ire cured: and t•1 r that failure kr run'
<br />such breach on or brfore the date spvrifitii in thr Holier may result in acceleration of thr sumo -rettrr•d by this
<br />\lartgage. anr.! sale of thr Yraperty. If the breach is not cured or. ar before thr date speciiled iu ti:r entire, Lender
<br />at lrndk:'s option nray deel;u•c all of the sung soured by this Mortgage to be iteuu,liately ,lac and pavalrle
<br />without furt}rer demauri and lorry fareciase thin Mortgage h>• iudirial prart•rding. Lender shall ire ,=utitlrri tv collect
<br />in such proceeding all expenses of fareclosurc, mciuding. bra uor limited to, rusts of ducum.~r,ts•t r•ridcuer.
<br />abstracts and title reports.
<br />15. 36orrawets Right to Reinstate. \otwithstanding l.endet`•s sceeeleratiotc of the smrrs e~currvl iw this
<br />wiorcgagk, Norrocver shall have the right to have :coy proceedings lugun by lrttdkr to rn1'arr~° this ~lortga~ dis-
<br />cantinued at any time prior to entry of a judgment enfot•cing this \Iort}!a}#r rf: iav Borrower pal°r; !.ender ail
<br />earns which would be then due under this ~lortga{te, she Nnte and untca securing l`utun• Advaneea_ if any, had no
<br />acceicratiatr <x~rrlrr"ed: tb! I~nrrau r`r cores all hrea,.t,p, of ak!y e±±i±±•r rr„~=^.,~=t*-+> £ r-n t3*_ ::f ~'="r-'3~=^
<br />tx.ine~ rr. this M~rt~~..~ trl Bortrn,-r ,. .il r =scat.,! 1: E~.tE ,sr.. m..t ...c^-1 3 1. '~, ,:; ., „s ;: ,f€.~...~
<br />and agt~ements of Borrower contained in this ~Tortga};e anti iu eutau•ing, lr:rtle-r rr~rte~iir. as prnvia~i~in para-
<br />graph 18ltemof, including, but not limited to, reasonable attorney's furs. an,l Ada Harrower take. such action ah
<br />Lender may rkasonably require to assure that [he Iiktt of this Murt}tagr. I.rmlrr's inrrnsi in tttc Prnperty and
<br />Borrower's obligation to pap the sums securtxi by this \IortRa{;e shall eontiuue uniutpainvt. I'pan such pay^ment
<br />and care lry Barroarer, this RSartgage and the obhgatiotts scrurtvi hereby slue)) rerrram in full four anti effect mss if
<br />no acceleration lied occurred.
<br />2Q. Arsagnment of Iiet4ts; Il+,~ointmeat of R~ceivet; Lender in poaseaaioa. As ariditinnat security here-
<br />under, Borrower hereby assigns to Lender the rents of the Property, provider! that Borrower shall, prior to acceler-
<br />ation ender paragraph I8 hereof or abandonment of the Property, havr thr right to collect and retain such rents
<br />as they bosoms due and payable.
<br />Upon acceleration under paragraph 1$ hemof or abandomnent of the Ymperty. Tender, in person, by agent
<br />or by judicially appointed receiver. shalt tre entitled to enter upon, take possession of and manage the Property
<br />and to collect the rents of the Property, including those past due. All ttnts collected lrr,• !,ender or the receivet•
<br />shall k>u applied Rest to payment of the coatR of tr~nagament, .,f tlzt, Proper±y end rotlrrtir,r of rr.•tr., including, but
<br />not limiterl~ tu, receiver's fees, premiums on receiver's bonds and reasonable attorney's tees. and thrn to the stuns
<br />secured by this ~torigage. Lender and the receiver shall he liable to account only f„ those trots actually received.
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