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not extend or postpone the due date of the montldy installments referred to in paragraphs 1 and 2 hereof or
<br />change t.tte amomrt, of such installments.
<br />ltl. Borrower Not Released. Extetrsion of the time for pisyment ar modification of sunart.ization of tle sums
<br />secured by this iortgage granted b}• Lender fir any successor, itr interest of $orron•er shal'I not operate to release,
<br />! in any mamrer, the liability of the original Borrower and Borrov-cr•s successors in interest. 7,ender 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 \iortgage hya•cason of :uty demand made by the original Borrower and
<br />Borrower's successors in interest.
<br />I1. Forbearance by Lender Hot a Waiver. .any forbearance by Lender in exercising any right or remedy
<br />hereunder, ur otherwise afforded by applicable lath, shall not be a waiver of or preclude file exercise of any right
<br />or remedy hereunder. The procurement- of insurance or the ps}•ment of taxes or other liens or charges by Lender
<br />shall not be a traicer of Lender's right to accelerate the matm•ity of the indebtedness secured by this 1ortgage.
<br />12. Remedies Cumulative. All remedies provided in this \iortgage are distinct and cumulative to any other
<br />right or remedy wider this Aiortgage or afforded by ltuv or equity`, ant may be exercised concurrently, independ-
<br />~ curly or successively.
<br />® 13. Successors and Assigns Bound; Joint and Several Liability; Captions. The covenants and agreements
<br />herein contained shalt bind, and the rights hereunder shall inure to, fire respective successors and assigns of bender
<br />and Borrower, sahiect to tie provisions of paragraph t' hercuf.:111 covenant: and agreements of Borrower shall
<br />ie joint and several. The captions and bending. of the pat•agrapis of this Mortgage are for ronrenience only and
<br />are not to be used to interpret or define rite provisions Itcrkof.
<br />14. Notice. :1n'r notice to Borrower provided for in this Mortgage, shall be given in mailing curb uufice by
<br />~ certitled mail addressed to Bm•trotcar at the Property Address stated below, except for any notire required under
<br />(taragntph 18 hereof to lac given rn Harrower in the manner prescribed b}• applicably la•s. Any antics provided
<br />for in [iris Mortgage shall he dceutcd to beer been ~ivcn to Burrower when given in the manner dcwignated herein.
<br />I5. Uniform Mortgage; Govemirrg Law; SevezabiGty. "Clris torn: of ntortgagr combines uniform covenants
<br />far natimtal use and uon-uniform covenants with iimiieci t:uititie,r„ i -- -~--t'^''^° ~„ ,_ :;«S«nte n ,r,i(nrm secu-
<br />- 1 u ......,. ,. _ _._-
<br />rity instrtnnent covering real property. This Mortgage shall be governed be the late of 'the jurisdict-ion in which
<br />the Ptopert}' is located. L' the event tt:at any provision or clause of this \iortgage or the Notc conflicts with
<br />applicable Jstc, such conflict shall not affect outer provisions of this \iortgage or the tints which can he given
<br />effect u•ithaut the conflicting provision, and to thSs end the provisions of the Mortgage and the Note are declared
<br />to be seventble.
<br />10. norra:ver`s Copy. Borrowet• shall ho furnished a conim-med ceps of this MariRage at the time of execu-
<br />tion ur after recorder-tor. hereof.
<br />17. Trartvfer of the Property; Assumption. Ii all or any pars of the Yropertc or an interest therein is sold
<br />or transfer-red try Berruwcr without Lender'.. prior written consent, excluding tar the creation of a lien or eneum-
<br />lrance sut;ordmate to ibis \iortgage, ±ht the creation of a t+urchasr rnoncy seourit~° iutorest- far Imusehold appli-
<br />ance" tcl :, u:utsfer by devise, descknt or by oper;ttiau of laic spun the death of s joint tenant or tdl thy: grant at
<br />any leasehold interest ui three years or less not eunurinmg au option ut purchase, Leader may, at Lender's option,
<br />declare all the sums secured by this Mortgage to ha inuaediateh• due .rml fxryable. Lender shalt have waived such
<br />option to accelerate if, prior to t,ic sale ur transfer, Lcndkr an,i the person to trltom ilk Property is to be sold or
<br />trartsferrkd reach sgrekment in reciting that ti,e credit of such pcrsou is ;=atisfsrtary to Lender and that the interest-
<br />payslle un the sours secured by this \lortgagk shall be ut such rate as Lender shall ra•:(uest. If bender has waived
<br />the option to nceelarnre provided in this paragraph l7 and ii Borrower's surerssor in interest has executed tt writ-
<br />ten assumption agreement accepted in writing by Lender, Lender strati release Borrower {rota al! obligations under
<br />this Mortgage any, tits =vote.
<br />II L~utler exercises sncl: option to aeeaierzte, Let:aor alra'k atail Borrower nat,ic4 0€ ae~i':eratiar ire a~eor$ane~
<br />wt~t r•~rrugraEl-z 1~ her.-ot. 4uch natret -1~a1' Ir, zrtde a petrol of riot lea: t!-_ n Sts -~:.} ° tt~}nt fhr< Mate cht~ : u€X'e t~
<br />lnallyd i4'ltltm it'hlell Blrrt]t4t`i' Itia4` t!a\' rill` ~nrnv dlY•idred Il4ft'. It ~(lrriiller i;st1= i ~=4~` .~llitr stlFlt prrar to tic
<br />expiration of -uch yeriod, Louder may. trithout ftuthcr ounce ur demand uu Bi,rroeer, iticukc :ut~' rrtot:dies t?er-
<br />uiiticc# by paragraph 1Ft heri^ot.
<br />\t;~-t`~trvtr:tt t'uvr:xAS•r;;. iiarrttwcr cool l.eudt•r i'urther r~uvrn;ntt curl ua'rer its f..tir?ws;
<br />18. Acceleration; Remedies. Iwt•r`tq try (>ruvi.lc,l iu ,~ur~rt(dr 1' here+_,;_ ut~,~u 13urrase!-~~ 1>i-~tch if sn}
<br />covenant or agreentcnt of Bunowcr m this \Iui he,t;,~. int~(u,l;n;t for ruvrnant_. to l~;r}~ .c 1~_•tr due :u.}• n:mrs ,.e~rurt-~i
<br />by lltl4 \tulT Katg', Lender !,rl Ul' to 11e Celc'rnn Ulk .,hall tlc,ll ^UUe,' t„ BUi'f,ttrCP n~ I'retldr,i ,^ Ile ragrsipb t~ hereof
<br />.pcrityiny;: ill the Lnsrh{ i'lY the 4rnnr, rc,~un~c,l to cure wrh htrarh~. Ci~'a dsn•. oat Io,, than thirty days
<br />irunr the,h,h the notn•r t, uraile~l to Iturru:cor. I~~~ .rluch such iroaci tutrst i~,~ t•in'r,l. au~i ~ I i lieu f;rihut• to ,•utr
<br />stub breach on or bciore tic, ,Sate specified in the notire may result iu scrrleratiau of fire sum= secured by thix
<br />~lortFagc and soh=,tf the Yruprrty- li the breach is nut cured uu ter hrforr the ,LUr y,ecitic~l in tltr notice, Lender
<br />:u Lvndkzs option inn}• deelarr alt ut the .ants secnmd by thy. Alort~at;e ro be inunedtateig due snd pa~abie
<br />without furthcrdrrn=utd and ma}` tore,-lose this \iortgage h~-,tudiciai pen,-e•edin}, l.cndt-r shall he entidcd to collect
<br />in s~r~~ proekkdittR ;,H exp.•nves of foreclosure, inclu~hug. I,ttt nut hrntt,~~( tea r,tt~ ut duct:un°utarc cvidrncc.
<br />nhaeructs and title report.:.
<br />19. 33onower'a Right to Reinstate. Aoneith-tundittg Louder'_. urceleratiou of tic sums secured by this
<br />4fo,^tgage, Borrower shall hat`k the right to hark env pruckk,iings iet;un h}• 1.,°nder t,t rnforrr tits Aortgage dis-
<br />continue'ri at. any time prior to entry of tr lu,iKnrcut enfoTcinG thin \lartgatgr if: tat Borrower hays lender all
<br />some which would be then due under this \[ortgage• the flat«• and nMes securing L•uhnr Advamxs, if any, had no
<br />acceleration occurred; iii Borrower cures ail bet+aehra of an}~ other euvenants or agreements of I3atrawer com
<br />rained in this Mortgage; tcl Borrower pays all rkasunable ezi,eoses incureert in' Lender in cnforrinr„ the covenants:
<br />and agreements of Borrower contained in this Jlart~a~k and ur crriru•cutg I t mtcr's n tit -1,0_, a prnvilrl iu ~,._
<br />graph 18 hereof, including, but not. limiiecl to, ressanattle anarne~ ~ fee>~ and trit I3atruwcr takes such action as
<br />Lender may reasmrabty require to assure that lire likn of thin \[ortgagr, Lender's intcrest in thi• Property and
<br />Borrower's obligatian to pay the sums secured by this \lortgat;c shall contir:ue uniu,tmircd- [,'pun aunt puyruent
<br />and cure by Borrower, this Mortgage and the obligtuians secrn•kd tmreb}• shall renutin in Adl force and cffekt as if
<br />no acceleration had occurred.
<br />2C1. Assignment of Aeutr: Ap#tointmrant of R.ceiver: Lender in Posseacion. As addiitoutil security here-
<br />uader, Borrower hereby assigns to bender the rents of the Property. provided that Borrotccr shalt, prior to acceler-
<br />ation under paragraph IS hereof or abandonment of the Yrppkrty• have the right to collect and retain such rents
<br />as they become due and payable.
<br />Ltpon acceleration under paragraph 18 hereof oe ahandomnent of the Property, Lender, in person, by agent
<br />or by judicially appointed receiver shall be entit-led to enter upmr, take paskssiun of and mrutage tik Property
<br />and to collect the, rents of the Property, including those past due. Ail rents collrru•d br Lender ur the reociccr
<br />shall ba applied first t-o payment of tie coats of management of the Property and rollortion of nuts, including. Ent
<br />not limited to, receiver's fees, Premiums on receiver's bonls and rcasonahlk atturnev's lee-,. anti rhea to the sours
<br />„~_ ;red t,., This Sinrt.vnve i,endrr and tic receiver shtrll hr italic to rrecuunt ooh- for those rents urhrrrlk rrecived.
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