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'1y''k <br />not extentt ot• postpone the due rtatc of the tnontltly insi.:alimenks referred to in parmtgraphs 1. anr,I 2 hereof or <br />change ~W'te aznaunt of sur.~Lc installments. <br />10. Borrower Nat Released. E'xtetrsion ni the Lim<r tar paytneni or rnodificat'ion ref .~lmortizatian of the sums <br />secured Hy this ~'forigage granted by Lender to any successor in interest of Borrower shall not operate t.o release, <br />in any manner, the liabiiit}• of the original Borrower and Borrower's successors in 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 \lortgage b}• reason of any demand made by the original Borrower and <br />Borrower's succesors in interest. <br />11. Forbearance by Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy <br />hereunder, or otherwise afforded Hy applicable lsn•, shall not be n teaiver of or preclude the exercise of any right <br />or remedy hereunder. The procurement. of insurance ar the payment of taxes or other Liens or charges by Lender <br />shall not be a waiter of Lender's right to accelerate t-he maturity of the indebtedness secured by this ~lortgage- <br />12. Remedies Cumulative. All remedies provided in this \lortgage are distinct and rmnuiative to any other <br />(~ right m• rrmed}• under this Uort.gage or afforded b}• late or equit}-, and may he exercised concurrently. independ- <br />entry or sucressiveh•. <br />t f~ 13. Successors and Assigns Bound; Joint and Several Liability; Captions. Th. covenants and agreements <br />heroin contained shall bird; and the rights Hereunder shalt inure to, the respective successors and assigns of Lender <br />~ ~ and Borrower, subject to the provision: of paragraph 17 hereof. ail covenants and agrcromenis of Borrower shalt <br />© be joint and several. The captions and headings of tho parsgrapHs of this Mortgage are for convenience only and <br />are not to be used to interpret or define the provisions Hereof. <br />19. Notice. Any notice to Borrower provided for in this Uortgage shall be given by mailing wch notice by <br />02 certctied omit addressed to Borrotcer at the Property Address Gated 6elotc. except Tor an}• notice required under <br />~ paragraph 18 hereof to He given to Borrower in thr manner prescribed h}• spplica6lc law. Any notice provided <br />far ir. this Afortgsge shall he deemed to I+ayc been given to Borrotwer tchen given in thr manner designated herein. <br />15, iJsailorm Mortgage: Governing Law; Severability. 'Phi= fanu of mortgage combines uniform covenants <br />for national use and non-uniform covenants wuiz iimitcti tariaiivua i,~ jt;ts Diction t., ...::etitute s ~±,ifnrm se~u- <br />rity instruutenc covering real property. 'T'his \Im-tgsge sl+ali he governed by the }etc of die jurisdiction in which <br />the Property is located. In fire event that am• provision or clause of ibis \lortgage or the Note conflicts with <br />applicable loll-, such conflict shall not aticct other provisions of this Alortgsge or the dote w•hi~.+ can 6a given <br />effect without the conflicting provision, and to this end the provisions of thellortgage and the Note are declared <br />to be severable. <br />36. Borrower's Copy. Borrower sht.ii be turnu~ed n +•onformed copy of this ~[ortgage at. the 'time of execu- <br />tion or after recordation hereoi', <br />17. Transfer of the Property; Assumption. ]f all m• un}• part of the Property or an interest therein is sold <br />or isansferrr.d by Harrower without Lender's prior teritu•n consent. excluding (ai the creation of a lien or enrum- <br />hrrurce sabor~iinatn to this Aortgage. t61 the rrr=ttta+ of a purchase n:oraoy security interest for L:ousehotd appli- <br />ances, ! c: cz trsnster by devise, descent or by operation of lot+~ upon the death of a joiut tenant or (dl the grant. of <br />any leasehold interest of three }•enrs or loss not contniniut; nu optiou to pttrehusc, Lender may, at L,ender's option, <br />deelure all the sums secured h}• this \lortgage to be imu+ediatcly due anti }'?aya6le Lender shall Havr tyaived such <br />option to cu•ccleratc ii. prior to the sale ar transfer, Leader and the }eerson to whom tl+e Property is to be Bald or <br />transferred reach agreement in writing that the credit of such person is satisfactory to Lender and That the interest <br />payable on the sums secured Hy this Aiartgage shall be at such rate »s Lender shall request. Ii Lender has waived <br />the option to aceelet•ate prodded in ti+is paragraph 1. and if Bm•rower's successor in interest has executed a writ- <br />ten asausnption agreement accepted in writing b}• Lender, Lender shall release Barrowwer tram all abhgationa under <br />this Mortgage and the Note. <br />if Lender rxercises sac}c option to acicier:tte, Lender shall =nail Barrawer notice of acceleration in accordance <br />with }:<trah,;.rtl+ L~ here.tf .,e_i+ uoti - -t.al'. } ,ut+d c= ;; tceriatt cif +a, lr=:-. ;ban 3Q da}°s Franz the elate tIt€• Holier is <br />mailed within which f;orrawt=r u+zy psy the suns declared dec. if 13orra~tver jails to pay such stuns prior to the <br />exp+ratiat+ of such period, Lcndcr uza}•. e~itHout turtHer nmicc ar deu+aud an LHrront•r. iny~+ke any rfn.g~i~ ~- <br />mitted try paragraph Ls hereaf_ <br />\nr-[?stsc_c+t~t ('~+yE_~xtrs- Kca+•r~cw•~•r turn I-,Louisa' t•urtlter ctn•euant .utd tt'„~'!'vc• ate tullv~y~; <br />18. Acceleration; Remedios. l~:x+•ept :cs to=•t t.Ir•d u+ para};raitH }": he-real, upon Itarrawe+•', t:rre~1= ?f an}~ <br />cavonant nr agn~emcm of I~Torrotcer in rhV. Atortgakr, inrhnlin}; ticv covrnants to pay ;chcn der uu} sums serurrd <br />by tills \lurtgagr, Leudcr prier iu u~ rr!or:+r+on ~lialt u:zul uutice to ltorrnwce us practctccl :n pcu~ay;raph 14 hereof <br />speeityiut;- it) the hrrsrh; t2t t6c acuua rrquirecl to rureueh breach', Cii zt dcth•. nut Ices tluu+ ihirl}• duyx <br />from tHr,iatethe notice i~ mailed to lion~otter. he "hit4c sucH brruc•H must br cured', arnl cic tiro isdm~e to cure <br />such In•rs+ch ou or brGtrc [hc date :.prc+tied n+ the notce mar msul in aceelcrution of thr sums ,ect+rcvl by this <br />\lortgage and sale of the Property- If rile breach cs not rurrd or, or hetore rho ,late npecttied uc the noticr•, Lender <br />czt Lender's otrtion msy declare all of the s+uus secured icy thrs \Iartgapc to tcc muur~iiatcly due and puyahit. <br />without further demand and may forerHrse this ~lertgagc by judicial proeeedin};- Lender she!! he enhtlcd to collect <br />iu such proceeding nil ripen=es ai iorccH+~um. inchuPmg, tent not Inurtrd tn, rose of dorumentar}• a-yidenre, <br />absta•act,~~ and tiUc reports. <br />18. Borroweis Right to Reinstate. \ottettHatsuding !,ender'- nceeleration ot- the sums securr~i by this <br />R~tarigage, Han•awer steal! have thcs right to have any proceeding-s begun tn• L,cudcr to enforce this \lortgage rtis- <br />continued at any tune prior to entry of a judgn+ent enforcing, this Aiartgage if: lay Borrower pa}•s lxnder alt <br />sums which wcmld :~ then clue under this \lortgage, the tote and notes securing t••uture Ariyances, if any, had no <br />acceleration vecurred; (hl Barrawer cosec alt breaches of :utv other coccusnts or agreements of Harrower con- <br />tained iu this &Iartoa;;e tcI Harrower pay, all reasonable expr_nxt~> iatrurred 1,}° I~•+.der iu entarsntg tl:e sovenante <br />and ag_e_ment= of uarrawer catatain.ei .t. tt.:- 1!<trtF:eF, i.,,3 =„ ec.,csreing i.r-udr-€' €entedie .. +rrtsoscleei in }rara- <br />graph 18 hereof, including, Hut Hat littrited to, reasanuble crttcrney's lee€.; anui rd: harrower tykes such action as <br />Lender may reasonably require to assure that d+c lien of tl+is \(ortgage, Lender's inccrest irz the 1'rapet•ty and <br />$arrower's obligation t-0 pay the sums secured by this Alartgage -she!! eantinue ur+h++paireti. Ttlxa+ sucl+ payment <br />and sure by Borrower, this !•lortgage and the abiigatious secured hereby shall rcurain in full tome and et~eet as if <br />no acceleration had occurred. <br />28. Asffigameat of Beats; Appoiatmeat of Receiver, Leader in possession. As additional securit.v hen:- <br />under, Barrow ar hereby assigns to Lender the rents of the Property. provided that ITorrotwer shall, prior to aceeler- <br />atian under paragraph 18 hereof or abandonment of the Properly, have the right to collect and retain such Hots <br />as they became due and payable. <br />Upon anceleration under paragraph T8 hereof or caHandomnent of the }'roperh•, Lender, in person, by »gent <br />or by judicially appointed receiver shalt he entitled to enter upon, take possession of Gnu manage the Property <br />and to collect the rents of the Property, including those }rant due. Alt rents collected by Lender or the receiver <br />shall be applied first to payment of the costs of management of the Property :uxi callcrtion of rents, including, but <br />not limited to, receiver's fees, prstniams on receiver's bonds and reasonyble attorney's fees. and then to the sum. <br />_,~~,•,~,~ t.y r1.;o Mnrtgnnn T.ander and the receiver shall be iiablr to account onh• tm• those rents actuelly received. <br />