~~~rv~~n~,yro
<br />not extend or postpone the. due date of the manthh- instalhlrent.s referred t,o itr paragraphs 1. and 2 hereof or
<br />change tl:e amount of such instalintents.
<br />1f1. Borrower Not Released. J^~xtension v*' the time for irayment or znodifieation of amortization of the sums
<br />secured by this 'Iortgaga grarrteci lay I:ender to any successor in interest of 33orrower sl'taVi rant opet.°ate Lo release,
<br />in any manner, the IiabiIity of the original Borrower and Borrower's successors in interest. Lender shall not be
<br />required to commence pt•oceedings 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 />Ii. Forbearance by Lender Not a Waiver. any forbearance by Lender in exercising sn}• right or remedy
<br />hereunder, o.r ot.herwise afforded by applicable lan-, shall not be a waiver of ~r preclude the exercise of any right
<br />or remedy hereunder. The proctuement. of insurance or the payment of taxes or other liens or char);es 6y Lender
<br />~ shall not be a +vai+-er of Lender's right. to accelerate the maturity et the indebtedness secured by this \4ortgage.
<br />IZ, Remedies Cumulative. All remedies provided in this \fortgagc are distinct and cumulative to any other
<br />right. yr remert}- under this Mortgage or afforded h}• la++' or cquin•, snd may 6c exercised concurrently, independ-
<br />ently or sucrasaivelp.
<br />13. Successors and Assigns Bound; Joint and Severs! Liability: Captions. The covenants and agreements
<br />herein contsined shalt bind, and the rights hereunder sitaii inure to. rite respective successors and assigns of Lender
<br />and Borrower, :,object to the provisions of parsgraph 1; hereof.:~li cocen:utts and agreements of Borrower shsil
<br />be joint and servers!. The captim+s and hcadirgs of the paragraph.. vi this Mortgage are for convenience only and
<br />~ are not to be used to interpret or defier, the provisions hereoi.
<br />14. Itiotica. Any notice to Burrower trovidecl for in tilts Murt ~s e snail be
<br />I €. g I;iven h}- trailing such notice by
<br />certified trail addressed to Borrower at the Property Address stated helou. except fa• any not.icc required under
<br />paragraph 18 hereof to 6e given to Iiorro+ver in the manner prescrihed by applicable la+c. 9n}• notice provided
<br />for iu this ~Iortgagc ,ihali he deemed to ha+•e heeu grce^ to Bm•ro+cer n•hen givcu in the mercer itesigrrated herein.
<br />15. Uniform Mortgage: Governing Law; Severabitity. -this teen of urvrtgage combines uniform covenants
<br />for national use snd non-uniform covenants +vith limited csristions by jurisdiction to constitute s uniform secu-
<br />-' - -'` °---` ----- ~--- re<".f •;,-:; •^^+-- Tt' \i.,»e~ao-.. ~haii h_ n oni.nrngrl },v the lau• ni the j:~riseiict.inn in which
<br />r4y 11]~~t iin:en~ ivr c:..,~ t t..,. .,.. ,.:t -.,.....e..a_
<br />the Property is located. Lt the event that any proeisior. or clause of this \Iarcgage or the Note couAicts ;e•ith
<br />applicable Isu•, such conflict shall not affect other provisiats of this \fortgsge or the Note which can be given
<br />et3ect without. the conflicting provision, and to this end the ln•ovisions of the Mortgage and the Note are declared
<br />to be severable. ,
<br />1B. Bo = wet's Co~,y.nareat<•ar shelf be furtiisited a cortfvr'tned cop}• of this iiortgrge st_ the time of execu-
<br />tive ar after recordation: hereof.
<br />17. Transfer of the Property; Assumption. ' If alt or any part. of the Property yr an interest therein is sold
<br />sr tratlsfer:•ed h° F3orraw•er +vithottt Lender's prior +veitten consent, excluding ta) t-hs creation of a lien ar encum-
<br />brance ~L'i,JtLil-^.:«tC t(1 this Mortgage, (h) the creation of ;t purchase utoncy security iatere,t: foe housrhald apg}i-
<br />ances, tci a traneier b}• devise, descent or by operation of la+c neon the death of a joint tenant or 4dl the grant of
<br />any leasehold interest cf three years or les not containing an opt.ian to purchase, Lender tray, at Lender`s option,
<br />declare all the sums secured by 'this iortgage to he imurediat-e[y due anti payable. L{nder shall have wsived such
<br />option to at•celerat.e. if, privr tv ±he sate or transfer, Lender and file person tv +vhum 'the Property is to be sold or
<br />transferred reach sgreerncnt. in writing chat the credit of such person is satisfaetur}• to Lender and that the interest
<br />payable on the sums secured by this Mortgage shrill be at such rate as !.ender shall request. If Lender has waived
<br />the option txn accelerate provided in this parsgraph 17 and if Borrower's successor in interest- has executed a wtiF
<br />ten assumptimr agreement accepted in +vriting by Lender, Lender shall release Borrower from alt obligations under
<br />this Alortgage. and the Note.
<br />rr T €s=<i~r e~~t_.).K,: -~.:?; :trrtitt:a .,} accelerate. Lender shslt ,trail Psorraw€, settee of sceeleratiats ir: aeeaniaac~
<br />++'itl! i?~r.r~raph t} }rCr+Exf. ~tncit natk't ~llall };iovide a ,:erit#i t*--'_ ,~t .t."~ tl,;tn ~{} tt..} t,~uti fife ,.late the nati'r its
<br />rnraile3 -„thin t-ucl~ B~,rra;+er Wray pay the sums declare°ci riot'. if 13orrontr fairs .o ;za}• su_h steer prior to the
<br />expiration of such petted, Lendet• may. +vithout fyrt hc•r not ice or :temauri v^ 13vrrv+vcr, iuvake arty t~ruedir~ pr~-
<br />mittsd by paragraph i8 h€rc-vf.
<br />Sus-[~str•r,n+t l'uvr;^rA`:Tti. iiurrvµ`t~r tutu G€uder ttzriltur t`ovetutnt and az•reo a~ fells+t+•a:
<br />I$. AeeeleraGatx: RemEdi~ hxce~lat ar trs'e~+'isic~i in 44tr=.grapl. ls' t;er€tu`_ utx#n llarrrrh>?;' 1=rich of env
<br />covenant or a{;rrenrrnt of Bvrro++°er in t!zis \hrrtgagc, im-hu{ing tin' ro+'emuus to pay +rhrn duo out} surt,s recur<Yi
<br />by this Morigagr, Lender ttrivr to acceierettion ,,!tail matt Halite Yu livrrv+ccr as J~r<n uteri !n para};ruf:lt 1•i hrn=ai
<br />speoifyulh: ilk the bee:.~•it~. i2z the actiuu required to tort such 6rrach~~t3)-u dote, eat its th.un thirty days
<br />iron; rho ~l:rte' the notice is tuailyd to Rort'owr•r, k,~• x~hich such breach tuttst be etur:l; and t41 thtu (allure tv ,°ure
<br />much breach on or before the date spccifird iu the- notice stay reaulC in ucceler~tiou of rho ,outs secured M• thrs
<br />3lvrtgagc iced kale of the Propc•rt}•- If the breach is not cw•ed an or before lh<• dale spcritied in the notice. Lender
<br />at Lender•c: optivn nuty declare all of the snn~s secured by t1.ri• Mortgage to leer mm~t~,{lately due acrd l;ayahle
<br />without further demand aml may foreclose this Mortgage h}• judicial prve€€diot;. I,cnder shall be enti±It•.i to collect
<br />m such proceedin}; all rxl:enscs of fon•ciosure. meludiuK. but ;tot Iimiterf to, r0.'ts of dvruuu•ntar}- e+-irlence,
<br />sbsp•acts and title reports.
<br />14. Barrow~is Right fa Reiastate. Soheithstrmding Lender', acceleratiat of the runts secured by this
<br />Mortgage, Borrvw•cr slrttli have the right tv have any proceedings begun h~° l.c•ndcr to enlaces this ~Ivrtgage ciis-
<br />eantitrued of any lime prior to entry of a judgment enfoTeing this ,Mortgage it: tat Borrower pays Lender all
<br />Roma which would be then due under t}ris Zlarcga};c, the ?';ate and uvtes securing h'uturc Advances, if any, had no
<br />acceleration occurred; t1aJ Borrower torts atl breaches of any other eoventurt.s ar akreententR of Borrower con-
<br />t'ainet! in this 1l~ortgag€; =,1 Borrower gays ni'; r•~a=otasLl:: rxltF r5r.< inrctr ~,i Er}- t.€nrit=r m rnforz ing the rvvtni}nts
<br />Red Rg rtene~; of Borrc+.€ ~nntain€d i„ ttnri. Iortga}e and in e,;forcing I.rnier's rerrrcdies as provided in para-
<br />graph 18 hereof, including, but not ;invited to, reasonable nttarne}•'.a fees: unci tdi Harrower takes such action as
<br />Lettder may reasonably require to assure that the lien of this ~lortgsge, Lender's interest in the Property and
<br />Borrower's obligation to pay the sums secured by this ~tart>aee shall emttinue uuinnpuirtYf. t'pnn such payment
<br />and cure by Borrower, t.htR Mortgage and the obligattvns secured hercb}• shall remain in tali force and effect as it
<br />no acceleration had occurred.
<br />$Q. Aweignment o! Rats; Agpointmen! of R~tceiv~r: Leader in Possession, As additional security here-
<br />under, Borrower hereby aRaigns to Lender the reefs of the Property, provided that Borra+rer shah, prior to acce~er-
<br />ation under paragraph 18 horeaf or abandonment of the Yraperty, have the right to collect and retain such rents
<br />as they become due and payable.
<br />Upon acceleration under patag:•apit 18 herevf or abandonment of the Yrvperty, Lender. in person, by agent
<br />or by judicially appointe<t receiver shall he entitled to enter upon, take possession of and manage the Praperiy
<br />and to eoilecG the rents of the Property, including those past du€. Aii rents collected h}• Lender a• the rercivcr
<br />shall be applied first to payment of the costs of management of the Property and collection of rents, including, but
<br />not iimiterl ta, ~eiver's flies, pre:mimns an rev€iv€r's lxrutis and rcnse;nzthle~ aiiornv's fees. arrri then to the sums
<br />secured by this Mortgage. Lender and the receiver shall be liable to account onh• for those rents atctualh• received.
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