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not extend ar ltosatl~ranut the due tlat.a of the tnonthl}* instalhncnts referred to in paragral,>lt;; I and, 2 hereof or
<br />change the amount of such installme+~ts.
<br />Ill. Jorrower Not Released. I:xtensian of the tiros fpr payment or modification of atnortizatiort of the sums
<br />securerl'ity this \Iortgagc granted by i,e}tder to any successor in interest of Borrower shall mot operate to release,
<br />in 'ny manner, tl~,re fia~,bility of Cha original Borrower apd Borrower's successors its .interest.. 'Lend~ar ~s~hall 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 Uy reason of any demand made by the original Borrower and
<br />Borrower's sac ~ssors in interest.
<br />12. Forbearance by Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy
<br />hereunder, or at.ltertvise afforded by applicable late, shall not be a waiver of or preclude the exercise of any right
<br />or remedy hereunder. The procurement of insursnce or the payment of fazes or other liens or charges by Lender
<br />!"{ shall not be a waiver of Lender's right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />12. Remedies Cumulative. all remedies provided in this Mortgage am distinct and cumulative t.o any other
<br />tC~t right or remedy under 'this Mortgage or affm•ded by law or equity. and may he exercised concurrently, independ-
<br />entry or sr..:cessivelY•
<br />13, Successors and Assigns Bound; Joint and Several Liability; Captions. The covenant, and agreements
<br />herein contained shall bind, and the rights hereunder shall inure to, the respective successors and assigns of Lender
<br />' and Borrower, subject zo file provisions of irtragraplo l hereof.:Ul covenants and agreements of Borrower shall
<br />~ be joint and scverul. 'Pte captions and headings of the paragraphs of this \Iortgagc are for• cont•on:ence only and
<br />~ are not to be used to interpret or define the provisions hereof.
<br />14. ilotiee. Any notice to Borrower provided for ir: this \Iortgagc shall he given by mailing such notice b}•
<br />certified mail addressed to Born>+cer at the Propert}• Address stated below. except for any notice inquired tinder
<br />paragraph I8 hereot to be given to Bmrotver in the tusnner prescribed by applicable Iota. any notice provided
<br />for in this \Iortgagc shall be deemed ro have been given to Borrou+:r w•ben given in rite manner designated herein.
<br />15. Tlnitorm Mortgage; Governing Law; Severability. '!his farm of mortgage combines uniform covenants
<br />for national use and non-uniform covenauts tviilt limited variations by jurisdiction to constitute a uniform secu-
<br />-~+-• ~^~t-::::e^t ^^~?ri++g rP~l nrouerty. This \Iert¢aee shall be eoverned 6_v the late of the jurisdiction in which
<br />the Property is located. In the event that any provision or clause of this Mortgage or the Note conflicts with
<br />applicable law, such conflict shall not. affect other provisions of this \Iortgagc or the Notc which can be given
<br />effect without the conflicting 1}rovision, and to this end the laracisians of the Mortgage and the Note are declared
<br />to be severable.
<br />26. Borrower's Copy. Borrower shall ba furnished a conformed cop}• of this Mortgage at the time of execu-
<br />tion or after records+tion hereof.
<br />17. Transfer of the Property; Assumption. If all or any part of khe Propert}• or an interest therein is sold
<br />or transferred by Borrower without Lender's pria• taritten consent, excluding is;i the creation of a lien or encum-
<br />hrance atbardinato to this Mortgage, ibl rho creut-tan of a pureha~e ntoncy security interest for household appli-
<br />ances, tc) a transfer by devise, descent or by aperat-tall of low upon the: t#eath of a joint tenant. or (d) the grant of
<br />any leasehold interest of three ,yf;ars or less not coniainiug an option to purchase, lender may, at Lender's option,
<br />declare all the sums secured by this vforfgage to be immediately due and payable. Lander shall have tsaived such
<br />option to accelerate if, prior to the sale or trsnsfer, Lender and the person to wham the Property is to be sold or
<br />transferred reach agreement in writing that ttte emdit of such person is satisfactory to bender and that the interest
<br />payable on the sums srcureti by This Mortgage shall be at such rate as bender steal! request. If Lender has waived
<br />the option to scceler:ue provided in this pat7sgraph 1 i and if Borrower's suceessot• in interest has executed a writ-
<br />ten assumption agreement accepted in writing by Lender, Lender shall release Borrower from alt obligations under
<br />this Mortgage and the Note.
<br />If Leader exercises such option to accelerate, Lender shat! :nail 13m•row•er notice of acceleration in accordance
<br />with I+aragraltir 19 here:af. 8..rh nut-srt• she}', provide u peria+i of not !es} than 3Q days tram tttc flare tits notice ~
<br />mailed within fetich Esorr+~n°cr tn:.c pity the solos dceiurr€I +ine. If Borrower fait to p;ty urh 'unto prioe to the
<br />expirutiun of sorb }+eritxt. Lender teray rvirhaut further notic+• or denrattd on 13orraty{=r, int°oke anE ramedias par-
<br />rrritte+t nf• ~tz~~r~~+h 1~' `nr=n=~
<br />'T ~~- tatt'r+iit`i~Y 'irri
<br />.~+...-l ~trt,rta t',ti'°Fh~zc.. 1 .eudtr farther iFirretrtrnt and iti~rer z~ tatarw_:
<br />I8. Acceleraticm; Remedies. t•:xcept ar provided in {+aragrapi ti hereof. upon 1#orrowor`s breach et any
<br />cv+vze:atrt ar s<rrent?nt of I~srrnxrr ;,, ttis \!ortgat:+', im•lu+ting the covrnunEs to pay when .iut• ant- atan3 secttnYi
<br />by t.lns \Iortgagc, 1.+~n+tcr peon' to u+~<a•Irr;uiun >liall ntuil notice ht Ilorratcer as ptt>vidcd €n latragruph l•i hereof
<br />spevifvtng: € 1 r the !•~.au~h, +21 the :irtlt+n rctluirrd to coca: such trench; +:it a d;ttr. no! I+•*s thnn thirty days
<br />irtnu ihr dah• th.~ nottm i- ntxiled to linrruwer, by t+hich such brooch utust ~ ctu~•cl an+l i ! t filar fatlurc to rum
<br />such breach on or beiorc th+• dote specified in the native ^ur}• result iu trcceleratiuu ut ti,+• suns tici•urc+! by tk€is
<br />Mortgage anti Talc of tln• 1'rn{+erty- If the breach is nett cured ou pr befotr the dat+= sl+r•cttied rn the nottt~', lender
<br />at Lender's optio€i mar dcel:u•e all u1 the .um..yi^rurcd lty this \Iot•tgagi• to hr :nwttxi€:urly due sktt+l payutkle
<br />wit-hi+ut further drusantl and €nay ioraeluoe flu,. Alart};agr by judicial pracrrtlinH Le•n+tt r xlau!! I~~ a•rrtitlr~{ to collect
<br />iu such proceeding :,li r~pruaes of f+>reclasure, including. but not liwitcd to, was of durtuuc;xary evidence.
<br />uhstraets:+mi title reports.
<br />18. BCrrPwe[G Rrglrt tp Reinstate. NOtw'tt h4tagdplg l.etlder's ;{rreIPCBUOp Of the dqR+B ~e^Cttred by ttti&
<br />.4artgage, 9arrowar shall have the right to hart ur»` prareediasg+ hc~ to l+}° Lcndei• ro enforce' tt,i- }la,rtta,ge dis-
<br />eontinued ut any tjule prior to entry of a judgment enfp7rcing this ilortgagr if: a+t Burrower pay- i,ender cif
<br />sums which would be then due under this \Iortgagc, the Note clod notes securing k uturc Adt•anee, if any, had nn
<br />acceleration occurn:d; Ihi Borrower cum- alt breaches of any other covenants or agr+v~ments of Borrower con-
<br />t~rired in this Aiertgage; te) Borrower pays all reason:.blc rx{trnse~s incurred by (.ender in cttforeing the ccn•enantr
<br />and agreements of Borrower cotrtsined in thin \tortgttge ant{ nt ettfrrrttle lamer', t•eturvltf-- a• urns^€d~~d in para-
<br />graph~i8 hemof, including, but not limited to, reasonable attorney's fees4 and oil Aorrewer Iakas such action as
<br />bender may reasonably require to assure that the lien of this \Iortgagc• Lander'.. interest in the I"ropcrty and
<br />Borrower's obligatSon to {may the some securest by this >ortgage shut! rontimte ttnitulaairrd. Upon such payment
<br />and cure by Borrower, this Mortgage and the obligations secured hereby stroll remain in full force and offset as if
<br />na acceleration had occurred.
<br />34. Asslgswreat of Raats: Appointment o! Reeeivt-r: Lander is Poasersioa As additional security hem-
<br />under, Borrower hereby assigns to Lender the mots of the Property, Provided that Borrower shall, prior to acceler-
<br />ation under paragraph 18 hemof or abandomnent of the Property, have the right to collect arnt retain such rants
<br />as they become due and payable.
<br />Upon acceleration under paragraph I$ hemof or abandonment of the Property, Lender, in person, by agent
<br />or by judicially appointed receiver shall he entitled to enter upon, take possession of anti tuanuge the Property
<br />and to call+:ct the mots of the Property, including those past due.:111 rents collected 6c Lender or the receiver
<br />shalt be applied first to payment of the costa of management of the Pro{rerty and collection of rents, including, but
<br />trot litnit,ed ta, raeeivar's fees, 1}retniums ore rureivcr's },end, ~~nd reasonable :atorney's fees. and then to the stns
<br />secured by this N1ort.gaga. Tender and the receiver shall ba liable to account onh• for those rants acUrally received.
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