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<br />not ex,t~erad or• ,postpone the flue date of dre monthl}- installments referred to ire l~tarsgrapt:s 1 and. 2 hereof or
<br />change the amount. of such installrWents,
<br />1©. Bgrrgwer Not Released. I?.xten4ion of the tune far lrayziterat or onndificatian of amortiratiau of the Burns
<br />secured by thi^ Mortgage granted be Louder to any successor in interest of Borrower shall not operate t.o release,
<br />in any manner, the liability of the original Borrower and Bm•rmyrr's successors in interest. bender shall not be
<br />required to commence proceedings against. suriz successor or refuse to extend *.imc for payment or otherwise modify
<br />:unart,ization of the stuns secured by thi< Mortgage t,c reason of anc den;and made by the original Borrower and
<br />Borrower's successors in interest.
<br />II. Forbearance by Lender Nat a Waiver. Any forhearanrc• by Lender in exercising env right or reined}•
<br />hereunder, or otherwise afforded by applicable tali', steal' not be a ivai~er of or preclude the exercise of any right
<br />or reatedr• hereunder. The procurement of insurance or the pa~'ment of taxes or other liens or charges b}• Lender
<br />she}! not be a waii'er of Tender's right to accelerate the mah{rit.y of the htdebtednes> secured ii}° thi, ortgage.
<br />12. Remedies Cumulative. .All remedies provided in this ltortgagc are distinct and cumulative fu env other
<br />right ar remeiiy under t-his Mortgage or affm•de,l by lair or cquity.:uzd ntay he exercised concurrenfh~, independ-
<br />entry or successively.
<br />13. Successors and Ass;?igns Bound: Joint and Several Liability; Captions. Tttr ecn•rn:tut and agreements
<br />}:ereir. contained shsll bind, and the rights herez:rder steal; inure to. the re.peetive szarcr~sars and assigns of Lender
<br />:md Borrower, subject to t-he provisions of psragraph l ~ hereoi. Ail coi•enauts xnil agrecnrents of Borroi+er shah
<br />Q1 ' be joint. and secrrul. The captions and hesdings of the paragraphs of this Alortgage arc far coni-enience only and
<br />~"~ are not to be used to interpret or define the I:rovisions hereof.
<br />14. Notice. Any notice t:~ J3orrowcr provided for in thisllortgagc• shall be given h}• mailing such notice by
<br />certified mail addressed to Borroivrr at the Prcpert} -Address Betted helot;', except for am notice required under
<br />paragraph 18 hereof to he given to Borroicrr iu the :Wanner prrceribed by applirtblc I:nv.:Anc notice provided
<br />for in this Alortgage shall he deemett to have horn given to Borrower tvhe^ gii-eu in the manner ilesigna;tetl iirrein.
<br />15. Uniform Mortgage; Governing Law; SeverabiGty. This form of nortgage c•omt>ines uniform covenants
<br />for national use and non-uniform covenants with limiter! i•ariat-ions 6}- juristticiian to co;stitute a uniform sreu-
<br />rity instrument covering real property. Phis Mortgage ,hall be governed by the ]aiv o; the jurisdiction in which
<br />the Property is locceted. In the event that any provision or olause of this >lortgage or t-he \TOte canfficts with
<br />applicable aiv, such cotzilict shztil not affect other provisions of this \lortgage or the Note which can he given
<br />effect without the conflicting provision, and to dais end the provisions of the .Mortgage anti tizr Note are declared
<br />fn hn_ cavarat}le,
<br />1&. Borrower's Copy. Borrower shat[ i>e. furnished a ranitn•n:ed copy of this ~[ortgage at the time of execu-
<br />tion or after recordation hereof.
<br />17. Transfer of the Property; Asaumptiaa. li all or any part of the Property er su interest therein is sold
<br />or transfen•ed !rv Bw•rower without Leuder'~i priot• written consent, excluding tat tl?e crcatiat o[ tt lien. or encum-
<br />brance sui>ardinate to this ~Iortgagr, ibl tlto creation of a purrhasr umncv set=urity interest far household appii-
<br />ances, ('cj a transfer by devise, descent or h,y cgxzrativn of !siv upon the death of a faint tenant ar idi the gn;nt of
<br />any leasehold interest of three years or less toot containing an option to purchase. Lrndcr may, a[ Lender's option,
<br />declare alt the sums secured 6y this lSoitgage to be iz:nuedixteh• tttze and pay able. Lender shall teat=e r-awed aue~h
<br />option to accelerate ii, prior to the sale or transfer, Lender :uui the person to whom the Property is to be sold or
<br />transferred reach agreement in writing that the credit o? such person is satisfactar}• to Lender and that the interest
<br />payable on the some secured by this \lortgage shall be xt such rate as Lender shall rrtiuest. If Lender ha, waived
<br />the option to accelerate provided in this paragraph ti and if Borrower's successor in interest has executed a writ-
<br />ten aasumptiou agreement accepted in n•riting by Lender, I.endcr shall release Borrower from a!1 obligations under
<br />this ;\lortgage and the Nate.
<br />If bender ~x~r~ises such apt--tan to accela^rate. Lond~r sh.ril znazi borrower naticN of acrelerat~~ct itt sarardo~
<br />w;tiz itaragraptz 14 het•eut. `±uri: t:auce strati Init: tilt- i i c~t;;,,: .' ;,., .:.: ' ... . tl.. z.~- _ !! . .,•,r. -
<br />mauled tciddn which liurrc,wcr utay },ay thin Bouts declared due. If Borrmver fails to pay such suet, prior to the
<br />expirtioiz of sue;; peric>il, Trader ni;zc- ividtc'Ytrt furtht=r entice or r;ezuana of Norrarer. iu.-akr suli° ratnedica (ter-
<br />mitird Isi- par~raph IK hereof.
<br />:z E3=s-1 ht€~:t{s r ''+ii-~:s.i '"!:'*. lie,ri'iliKf {~',' t-tltfl l.t'ntlt~r t'ti i'i tit'!' i'tt\'t-i i.t tit itfiit ii~;'P't't= its- f+itltiii'
<br />ItI, .eceleration; FTgmedies. I•;x,•rizt :;s I•rovi,ie,i in parai;rapi: i~ herrui. npittt 1'.orrawer's trreach of atey
<br />cavenaut or agrerurerrt uf• Borrower in thu ~lorzgagc, nu•hniing the covenants tit pay when dtn• any -torts s+•ee~•t~,1
<br />by ihie: ~turtgage, Lender prior to ncrelrruion hall mail uotier m Burrua~cr as pruvnied m p:u•agrty!h 11 bcretrt
<br />specifying: 11. the In•ccuh: t''i tier :u•tuai ecquirttii at cure such ht'caiclr, tat a date. nor Irss than thirty dons
<br />front the date the ~ruUrc i. uutiied to iiurruwt•r, hi which such 6reuch uuzst 6c rurt~d. and t-i ~ that failure tee cure
<br />such breach .an or htor•e the date sp.•citiad ur ihr notice nuty rrsutt in aectdcratton of the .uu~- .enured t,}` this
<br />tlortgagc and aah-Of the Yropt•ri~ (f du• breach z. not cm•eti ta: or be{uzr the date ~pecitied m tLr nonce. LCndcr
<br />at Lender's nption nzay deelarr ail crt this sour, st•tured i,i° this Alartgayc h> be nnmt•diateh' ii n.• and pazyuble
<br />wit.hnut further dc•ntaud and ntny iorerlasr this ~lurtgagr h}' .ludrriul irroreeduzg. l.cndce shelf he enzule,l to collect
<br />in such proceeding :zit i•xpeuses of iurrclusurc, uu•luding, tent not limi*.cd to, costs ut dncun:catar~. .•iidencr,
<br />abstracts €uid title reports.
<br />1 g- P ir~ra``vrar a iu t io e
<br />gir rx testate. ~atwi[iistanthng i.~°neit•r.:ii•rt•irrution uE t1u• .uzn> erureci i,v this
<br />t<iaecgage, Borrower strati iuiye file right to bare any proreethngs begun he Lcndrr to entorcc this Alottkags dis-
<br />continued at any time prior to entry of a judgment cnfoTCing .his \lart,age if: tat Borrower imy:t l,euder all
<br />sung which would 6e thetz due unbar this yittrtgagc, the Note and note. securing X'uture .Adyanrt'`, if any. had na
<br />aecelcratzan aacurreJ; ib{ I3urrowar em`es all kireacht~s „f a,tv atizar c_-en:aztt- or a,,••~,~.z„~.a,•~ c:i I3arr€ u•Hr , __
<br />taiPetl in this 3lurtgaee e1 13Prrrnver puv: i1E r;e _~ --f 1_ __ ~. .... . t t-t• i ......... ....r,=.,, =ham ,... .,~.._.
<br />and agreements of Borrower cantainecl in this \furtt, rge autdi in rnture•in>; I,t•nih•r•s rcuu•tlie> as Irovided inE para-
<br />graph 1S hemof, including, but not limited to, reasonable aurorue•y•= iec>; anti tdi lorrower talus suetr action atw
<br />Lender niay rcaaanahly require to aaure that the lien of thi= \turtgagt=, Lc•adcr's interest in the Prolerty rcztd
<br />Borrawc;r's at>iigatian to pay the sums scoured hp dais ~lartgut;c slutil continue umiarpaimd. Itpou such payuteut
<br />and cure by Borrower, this 9lortgagc and the oblsgirtians t=~curcd hereby shah remain in full fence and effect as tf
<br />no aacslaration had oecurreci.
<br />2tI..~igament of Rants: Fi,~paintmeat of Receiver; Leader in Possession 3s additional security here-
<br />under, Borrower hereby assigns to Lender the rents of the Properh•. I?rayidcvl that Borrower shall, prior to aceeler-
<br />atian under paragraph 18 hereof or abandonrnent of the Prolxrtp, hayo the right to collect and retain such rents
<br />as they heaome due and payable.
<br />Upon acceleration under paeagraplz 18 boreal w• rxbarndonment of the I'rolterty, Lender, in person, tn• agent
<br />or by judiciatiy appaintc~ct receiver shall be entitled to enter upon, take possession of and ntatnagc the Property
<br />and to collect the rents of the Property. including those past due. Ali rents oollartetl by Lender or the receiycr
<br />shall be applied first to payment of the casts of management oi• the PzY,perty and cc~ilecti,m of r•cnt=, including, but
<br />not limited Co, receiver's fees, premiums on rect•iyar's bonds ant! rcasanahle attorney's (re= anti then to the sums
<br />secured by this Mortgage. Lender and the receiver shall he Iinhle to account onh• ` .. those routs arnia;ih• received.
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