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<br />not extend oz• postpone the due date of the. monthly instalhizents careered to in par.3graphs t and 2 hereof' or
<br />change the amount. of such installments.
<br />10. Borrower Not Released. Extension of fhc tiru+• for g:aryment or madiflcatiotz of ottmzrt.ization of the sums
<br />secured by this lortgage granted by Lender to any successor in interest of Borrower shall not operate to release,
<br />in any mamzer, the liability of the original Borrower and 13orrotver? successor. in interest. Lender shall not be
<br />required to commence proceedings against such successor or retuse to extend time for payment or otherwise modify
<br />anlurtization of the sums secured by this Mortgage by reason of :uzy demand made by the original Borrower and
<br />Borrower's successors in interest.
<br />11. Forbec,rance by lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy
<br />' hereunder, or otherwise afforded by applicable law, shall not be a waiver of ar preclude the exercise of any right
<br />Q; or remedy hereunder. The prorm•ement of insurance or the payment of taxes or other liens m• charges by Lender
<br />shall not be a tv;ziver 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 are distinct and cumulative to any other
<br />~ right: or remedy under this Mortgage or atl•arded by laty or equity, and may he exercised concurrently, independ-
<br />cntly ar ::ueeessively.
<br />13. S-cccessors and Assigns Botmd; Ioint and Several Liability; Csptions. The covenants and agreements
<br />herein contained shall bind, and tine rights hereunder shall inure to, the :•espective successors and assigns of Lender
<br />and Borrower, subject to the provisions of pt#rttg::iph I ~ hereof. 311 covenants and agreements of Borrower shall
<br />be joint +tnd several. The captions and headings of the paragraphs of this \lortgage are fm• convenience only and
<br />are not to be used to interpret or define the provisions hereof.
<br />14. Notice. any notice to Borrower provided for in this \lortgage shall he given by mailing such notice by
<br />certified mail addressed to Borrower at the Yrtzperty Address stated helots. esccpt fm• any notico required under
<br />paragraph 18 hereof' to he given ro Bm•rot+er in the manner prescribed by applicable la;c. any notice provided
<br />for in this Jortgage shall he +ieame,l to have been given to Borrower when git•en in the manner designated herein.
<br />i5. Uniform Mortgage; Governing Law; Severability. 'I'}lis form of mortgage combines tlniiorm covenants
<br />for naiianai use anti non-uniform cuven:#uta ,.iiL liulltc,i ~ - sti0,-.5 b~ iurisdicticr, t .,.,, ................. .... -
<br />rity instrument trovering reel property. This \lortgage shall be governed b~• the law of the jurisdictionnin which
<br />the Property is located. Lz the event that any provision or clause of ibis AIorlgage m• i~he \ote conflicts with
<br />applicable law, such conflict shall not affect other provisions of this Alortgage or the Aote which can be given
<br />effect without the conflicting provision, mtd to this end the provisions of the A~lortgage an+,i the '`Iota are declared
<br />iV be aGV rlZtble.
<br />l6. Borrowei s Copy. Borrower shall be furnished n conformed copy of this 1lorigage at the time of execu-
<br />tion or after reeot•ilattor. hereof.
<br />17. Transfer of the Property; Assumption. If :tll or any part of the Property or an interest therein is sold
<br />or transferred b}• Borrower without Lenders prior written consent, excluding fa! the creation of a nett or eneum-
<br />6rance subordinate to this Mortgage, th) the sreutiorz of :i purchase ntau^y security interest- for household appli-
<br />ances, (ci a transter by devise, descent. or by operation of lath upon the death of a joint tenant. m• (dl the grant of
<br />any leaa_ehold interest of three years or IESS not containing un option to purchase, Lendel• may. at Lender's option,
<br />declare. alt the sums eetured by this \.lortgage to be hnurediately due and payable. Louder .hall have waived such
<br />option to accelerate if, prior ro the sale or transfer, Lender and the Iulrson to whom the Property is to 6e sold or
<br />transferred reach agreement in writing that the credit of such Iserson is satisiaetorv to Lender and that the interest
<br />payable on the sums secured by this 1lorlgage shall he at such rate as ].ender shall request IS Lender has waived
<br />the option to lieceleratc provided in this paragraph 1. and ii Borrower's successm• in interost has executed a writ-
<br />ten assurnptial agreement accepted in writing by Lender. Lender shall release Aorrower tram aH at>ligations under
<br />. ti:.. ~•#.._.......,, ...,a +t. •, fir.....
<br />...,.. __» .~,~~,.. Q...~ ...- _.~r..
<br />If Lender exercises such option to accelsrate, Lender sh .11 mail Borrower notico of aceeleratiml in aecordanae
<br />n•ith l,aragraFllt lx llereo7- ~ueh notice sl:a!i pruvtde a Izeriod of nut lea: than 3p dava from th#: ,late the Clot--feu is
<br />mailed tcitluin trhich $orrowcr u,ay pay thv suru~ declared due. If Burrower faz!s tYZ pay such ,tans prior to the
<br />#°xpiration tzf 4turf: periozl. Louder snag. left±tszut further notice ar Elcmanrl u:; Ft~zra`srver• iuvok#• catty remedies per-
<br />mitted 6y paragraph IS here-oi.
<br />.ttY1-1 :y.I~.-3.II t~j }i'f.'i ,~. ~."i `. lx--.}-I`!1~~1'1' ti1~i1 l~f'nt~!'1' (tl rtlil'1` l~ni~t'ltt'4 rtt :iittl ~1Ft=l'f .#`~ ~flt.o~l3
<br />I8. Accaleratian; Remedies. Ev+,~t,t as l,r„i id,~d in paragt:,ph i i hereof, ul~oaz Bvarruwe.'s 1„r:#r,ia of any
<br />eoven;utt or agreement of borrower ,n i!;t.• Mns•rt;agr. inrlu,tiug the rocrn;uuts t+. pay whru ,fur arc >unzs secured
<br />by flu- .llortgxge. Len,i~~i i,rtur to aerrlet:+u~~r rV+all iuatl uutie+• to lioerutrer as proct,h•,i ,n par;~gr:ii;1, 14 hereof
<br />sparit~•mt;: ill t!ur i,n~:,rls. Y1 ti:e ,u~uun ecqun~r~i to iVU•c sneh I,t•eaeh; Cts a Jate, not !cs> sb:uz thirty da}•s
<br />from the ,ISU• the notr,~~~ r outilcd h, finrrow_•r, ht' wlueh sueli breach trust he cured, :uxl t~! t6zu faihun• to clue
<br />sorb breach on or b,-,~,rr rite +latr spr.~the+t to ai,~ notico sna}' result in are,~lrratit,n of tlu• ,wins -rcurt'd hy° this
<br />\lartgagc crud sale of the Property- if the breach sx sot cured ors or bcforo the d;ttc npccifio,t sn rho uoticc, li'r,<!rr
<br />at Lendc;'n option usaa• ,ies•larr all of the >iun. secured by this \lortg;agc ti, tm inuuediate!y ,fur attd payable
<br />tcithnut iurtfu'r.i,~znand and ulay~ iurerlusc this Mortgage by .tudiriell proceeding. Lender steal! 6e ontitl+'d to collect
<br />in Hoch prorcudiut; all cxpra.~es of foroclosum. ioehu,ling, teat not liuuh'd to. cu=ts ut dtu-nutcntarv evidence,
<br />abstracts and title raport.y.
<br />lQ. 9erroweF's Rigbt to Reinstate. loewuhsuending l.etaler•:. aceeleratiorz of the soars viceured by ttzis
<br />3lakgag€, Borrawcr shall have the right to hard any Irroccedirs b#=e;un by T,endcr to rntarzc this Mortgage dis-
<br />cantinUed at env time prior tv entn of a judgment enforcing this \lartgagc if: +a, Borrawcr pay, Lender aft
<br />sums whioh would k>E then due under this \lortgage, the lore and notes seeneing k'unzre 3dvaneer, if any. hall no
<br />acceleration occurred; Ibf Borrower cures all breaches of any other cuvcn:cr*ts or agreements of Borrower con-
<br />tained in this IMartgagc; tc) Borrower pays all reasonable #•xpcnsrs incurred by Lender in enforcing rise covenants
<br />and agreements of Harrower contained in this .llarigage and m rnfoecing l.cnae~r'>- reu;aclies as provided in laars-
<br />g~ph 18 hereof, including, but not limited to, rcasanuhic attorney's tees, and tdt Borrower takes such action as
<br />Lender may reasonably inquire to assure that the lien of this: \lortgage•. Lendet•'s interest in the Prolzertp and
<br />Borrower's obligation to pay the sutras secured by this Mortgacc ,•<hall rontiuuc unimpttired. t'pon such payment
<br />and cure by Borrawcr, this Alortgsgc and the obligations .-scored hereby shall t'<•nztlin in full fmre and effect as if
<br />no acceleration had occurred.
<br />~tl. Assignment oI Rents: Appoiatmsat of Receiver; Leader in Possession. As additional security here-
<br />under, Borrower hereby assigns to bender the rents of the Property, prm•ided that Borrower shall, prior to acceler-
<br />ation under paragraph 18 hereof or abandonment of the Property, have rtes right to collect and retain such rents
<br />as they become due and psyabte.
<br />Upon acceleration under paragn#p6 18 hereof or ahtutdanrnent of The Property, Lender. in person, try agent
<br />or lay judicially appointed receiver shall he entitled to enter upon, take possession of and manage the Property
<br />and to caileet the rents of the Property, including those past due. 311 rents coUeeted by Lender or the receiver
<br />shall he applied first to payment of the costs of management of the Yrop€rty and collection of rents, includink, teat
<br />not limited io, receiver's fees, premiums on receiver's bonds :Hui reasoltahle attorrcv's fees. and then to rho sums
<br />secured by this blortgagc. Lender and the receiver shall he liable to account onh for those rents actually resolved.
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