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not extend or postpone the due date of the montlih- installments referred to in'paragrapits 1 and 2 hereof or
<br />change the amount of such installments.
<br />10. Borrower Not Released. )Jxtension of the time Im• payment or modification of amortization of the sums
<br />secured by this \Iortgage granted ly Lender to any successor in interest of Borrower shall not operate to release,
<br />in any manner, the liability of the original Borrower and Borrower's successors in interest. bender shall not be
<br />required to continence proceedings against such successor or refuse to extend time for payment or otherwise modify
<br />amortization of the sums secured ly this \Iortgage by reason of ;un• demand made by the original Borrower and
<br />Borrower's successors in interest.
<br />11. Forbearance by Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy
<br />~ herewrder, or otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any right
<br />or remedy h^reunder. The procurement of insurance or the payment of taxes 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 A4ortgage.
<br />12. Remedies Cumulative. All remedies provided in thisltortgage arc distinct. mtd cumulative to any other
<br />t right or remedy under this AIortgage m• afforded h~- lm nr equity, and may he exercised concurrently, independ-
<br />ently or successively.
<br />J 13. Successors and Assigns Bound: Joint and Several Liability; Captions. The covenants and agreements
<br />' herein contained shall bind. and the rights hereunder shall inun~ to, the respective successors :urd assigns of Lender
<br />p~ and Borsawer, subject ro the provisions of paragraph 1; hereof..\II covenants ;ua1 agreements of Borrower shall
<br />!~~ be jointurd sever,rl. The captions and headings of t6e• p:u•agryrlrs of this Mortgage ore for convenience only and
<br />are not to be used to interpret or define the provisions hereof.
<br />14. Notice. Am~ holier to i3on•t;wer Irroride~t for in this AIortgage =bull ho given by mailing such notice h}°
<br />certified moil addressed to Burrower :u the Yropcrty Address stated below, cxrrpt for env notice required under
<br />parngraph IS hereof to be giccn to Borrower m the mariner prescribed l~,v ;y,plirlhlc law. zlny notice provided
<br />for in this Aiort;goer shalt he dceurcd to have beta given to Borrower when given in tic nranncr designated herein.
<br />I5. Unilorm Mortgage: Governing Law; SeverabiHty. Thi.: form of mortgage cenunnes unilorm covenants
<br />for national use mul non-uniform covenants o•itlr limited variations h}• jurisdiction to constitute a uniform seou-
<br />rity instrument royering real propert}•. 'Phis AIm•tgugc shall be governed by the hew of the jusisdiot-ion in which
<br />the Property is located. In tie dn•ent that any provision m' clause of this Mortgage or khe Notc conflicts with
<br />i:,,,,u,. la.,. ,,.1; ,,,nrr..r <hnl! nor ~tYrvrr oNlrvr precisions of this \Iortgage or the Note which can be given
<br />appu,,a.... .., ,
<br />effect without the conflicting provision, and to this end the procisimrs of the AIortgage and fire Note am declared
<br />to he severable.
<br />16. Borrowei s Copy. Borrower shall be furnished a conformed coin- of this \lortgsge at the time of execu-
<br />lion or after recordatior: hereof.
<br />17. Transfer of the Propeziy; Resumption. Ii aIi or env part of the Property or an interest therein is sold
<br />or transferred by Borrower without Lender's prior written consent, excluding (ai the creation of u lien or encum-
<br />hrance =ui,ordinaie io this \Iortgage, ihi the creation of a purchase money security interest for household appli-
<br />anew, tc) a transfer by devise, descent or by operation of Iaty upon the death of a joint tenmrt or idl the grant of
<br />any leasehold interest of three years or less not coatainiug an option to purchase. Lender nray_ at Lender's option,
<br />declare all the sums secured by t-his \Iortgage ro be inunediatcly riot and payable. Lender shall hay°e waived such
<br />option to accelerate it, prior ur the sole or transfer, Lander :ant the person to whom the Yrolrerty is to be sold or
<br />transfr;rre<i reach sgrecment in writing thst the credit of such person is satislactory to Lender and that dre interest
<br />payable on the sums secured by this Mortgage Shull 6c at sul•h rate as ].coder shall request. If Lender has waived
<br />the option to accelerate provided in this paragraph 17 end if Bon~ower's successor in interest has executed a writ-
<br />ten assumption agreement accepted in writing by Leader, Lender shall release Borrower from elk obligations undee
<br />this Rlottguge am-i the Note.
<br />If Lender exen:ises surir option to accelerate. Lender shnli urail Borrower notice of acceleration in accordance
<br />with uaraeruor 1~ hereoL ,~urh uoticc shall provide a in^rio~i of not Icss than 3t1 day frmu the• date the notice is
<br />mailetf x•iti;ia lah:el: Borruleer toile pat th., sour, declrrre,i rtue. It turrower farm to pzrv- -+ueit •uru>• prior to tnc.
<br />expirltrun. ct ~uoh perirnt, Lender muv. +±ithuut iurtlror n~[ice or dcnrand 9ti Borrotter•, iuvuhe any rctnt~ica pee=
<br />milted i>y paragraph IS hereof.
<br />\<,~-I'vtrrrx~t f'rn•r:nes'rx, Borrower anti l.rurler t`tu•tht•r covt~umri and! rt;;rce a, follows:
<br />~~ ~ ~ 18. Accele:aiion; Remedies. I:n~r~a as Inuvidr,i in ~~ar,zgrnph li hereof, upna liorrulrrr:~ hrrnc6 of any
<br />coyeunnt or ;tgrcrwcnt of I?nrrrorcrr iu riffsAtortgtlgc, iuchnimg Clio covenants w pay worn ,tor :urv sums seeuird
<br />by this ~lortgagr, Lcu,lor },rtor to arcclcr..no^ ~hnll hotel uoticc to Hw•rurvcr ae ]!rota{ell ur pau:rgraph ld hereof
<br />sper•ifymg: i l r th,~ brrsc!r ~•:i the :u•tiau rcyuu~c.l to rote _uch breach: i3r :r~alatr. not less tl::ur thirty days
<br />froth the dote the notrco i- ncrilcd to ISorro~aer,',r ,±hi~~1i such rre;ler mace lc cured: and t~U thzrt failure to eztre
<br />sorb 6rench on or b,~iaro the Auto spccrfirli to the notu-r nary re~uh in urcelrrativn of the suw~ >ecured by this
<br />\tortguge and Salo of the Property. if the lrrcarii rs out 1•urrd uz: ut~ before tbr• ~tatr >pocilied itt the uoticc. Lander
<br />at Len~let'.c optnm :nay ,ieclurr alt of rho ,mu= sccutcd 6y tli-~ AIortgage t,,r 6r munc,ratoiy .fur and payable
<br />without lurthor Jcnulnd and mny forrrlo>r fine \Iortgage by }udu•i;rl prorcrlrng I,rndr°r ,hall be cutrtlcrl to reflect
<br />I11 .M llr~i pl'l~rl'1'll ltlg :di f'xp['tl sl'~ or rl,rerir~~ll r'e, nlr llrllla}~, bnr 111)t Ir1lr It r`ll tll, r'IA~t,~ llr driettlill-ti tt{i\' t'v t,ierrrt`,
<br />nbsttart:, turd title reports.
<br />18. Borraweis Right to Reinstate. Auttvitiitaudurg Leader's accelerauou or the .mus sreun•li by thrs
<br />]Iortgage, Borrower shall hove the right to have any procNCdrn(s In~gun h~~ I,endr9~ to enterer ttn+ \Iortgage dis-
<br />Cprltinlled at tiny tlmi' prior t4 coteV' of a ]lld ~,rllem 1911 i1XPlllg C{ns ~l Uftgttge If: !IU Borrull i'r pal's I,PIrdOY all
<br />sums which wnuhi lc then due under this Mortgage. the Norr ;unl note securing Future :Advaorr~. if auv, had uu
<br />acceleration occurred; the Bvrrower cures uIl breaches of :oiy other rocl9rants w• agrrenlonts of Burrower emr-
<br />taitred in this ~tortgagc; Ic) Iiarrowt•r pays ail r,~aaonahir• rcponsc, mrurn~y by Lonrirr in 19rklrrritrg thl- rarcnanti
<br />and agreements of &>rrawer container! ter this Murt;;agr :cad m rufarcurp; l.rndrr•'.< rruuvltes a- lrn!vileli in p;dra-
<br />graph 18 hereof, including, but not limited to, n~asonuble ;rttorne}•'s fee,, ;lad rdl Borroa•rr takrvs ,uch actwn ao
<br />Lender may reasonably require to absure that the lieu of this llortgzrl;o, Lender's interl~t in the Property acrd
<br />Borrowet's obligation to pay the sums secuttd by this AIortgage ?hnll oantluue uuiuq,airl9i, t~pnn +uch payurent
<br />and cure by Borrower, this \iortgage and the obligations seruri~d hereby alrall remain in Adl torte stud efll~et as if
<br />no aeccleration hart octurred.
<br />20. Assignment of Rents: Appointment of Receiver: Lender in Possession. ~ls udditiaral security henr-
<br />under, Borrower hereby assigns to I:ender the rents ut the Yropeety. irrovideri that Iiorrorarr• shall, prior to acceler-
<br />ation under paragraph 18 hereof m• abandonment of the Propert}'. hsvc the right to collect unll n•tain such rants
<br />ae they become due and payable.
<br />Upon acceleration under paragraph 18 hereof or ahtmdonnwnt of the Yroperh•. Lender, in person, by agent
<br />or by judicially appointedi receiver shall Ire entitled to erect upon, take po~s~ssimr of :end mtnurge the Property
<br />and to collect the rents of the ~'rapertl°, including those past ltue- .~Il rr-uts rollerte~i he Lenrlrr or the rrr•river
<br />aha[I he applied fist to payment of the costs of tnanagemertt of the Property and rollcrnon of rents, including, but
<br />oat limited to, receiver's fees, premium: ml rcroiyer's bond= soli rr=asonahlr r;ttorm•~•'s fr•r-. and then to the• sum-
<br />secured by this Mortgage Lender and the receiver shall br liable ro ircoouut only for those rents ucwall}- recciccd.
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