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not extend ar postpone the drte i.lata of the tt~tantlt7y tnstslltr~,e~:nts referred to iu i~aragraph_ i and 7 hereof or
<br />change the amount of such installments
<br />I0. Borzower Not Ilelea'sed. lixt~nsion od thcr titae for pac•eraeut or ntodificatian of autartiiation of the stuns
<br />secured by this liartgage granted by I•erder to nay successor in irrtcre.=,t of IIorrarcer shall trot operate to release,
<br />in any ;Wanner, the liability of the original Borro;er anti Borrower's successor in interest. Lender shsU not be
<br />required to commence proceedings agains*. such successor m• refuse to extend time for payment or otherwise modif}•
<br />amort5zatian of the runts secured br this \[ortgage be reason of an}• 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 ar remedy
<br />hereunder; m• otherwise afforded by sl~~plicable law, spoil not be a waiver of or preclude the exercise of any right
<br />or remedy hereunder. The proeeremettt of insurance or tlse pactnent of tsxes ar other liens ar charges bw Lender
<br />shall not br a waiter of Lender's right to accelerate the maturity of the indebtedness secured by this \lortgage.
<br />Tj 12. 13smedies Cumulative. All remedies provided in this \Iortgnge are distinct and cumulative to any other
<br />right or remedy under this \lartgage ar afforded he !ate or rquit} .and mac br exercised concurrently, in,{epend-
<br />entry or suceessivt;ly.
<br />13. Successors and Assigns Bound; Joint and Several Liability; Captions. The covenants and agreements
<br />t.."``r herein contained shall bind, and the rights hereunder shall imu•e to. the respective successors and assigns of Lender
<br />and Borran•er, suitjectt.o the provisions of puragryth I i hereof. Ali cotenants and agreements of Borrower shall
<br />~ he jairt and several. The captions and headings of the paragraphs of this Aortgage are for convenience only and
<br />1~ are not to he used to interpret or defier the provisions hereof.
<br />I4. Notice. :' ny notice to Borrower provided for in this Alortgsge .hall be given by mailing such notice by
<br />certifieri mail addressed to Borrower at the Property Address st:ued below, except for arc uotice required under
<br />paragraph 18 hereof to be given to Bm•ro«'er in the manner prescribed 6y applicable hoc. any notice provided
<br />for in this Mortgage shall trc deemed to have hero given to I;orrowrr when given in dte manner designated herein.
<br />15. Uriiarm Mortgage; Governing Law: Severability. 'Chia farm of mortgage combines uniform covenants
<br />for national use and Wan-uniform covenauts with limited variations by jurisdiction to constitute a uniform secu-
<br />rity instrument t•overing real property. 'I`bis \Im•tgagc. shalt he governed by the law of the jurisdiction in which
<br />ttte Yroperty is located. to the evem thtit any provision of rlanse of this ~[ortgage m- t.i,e Note conflicts with
<br />applicsble law, such contltet shall not affect other provisions of this Mortgage or the Atotr which can be given
<br />effort witTtout the conflicting provision, and to this end the provisions of the Mort-gage and the Note are: declared
<br />to be severable.
<br />16. Banower`s Copy. Borrower shall be furnished a conformed ropy of this Mortgage at the time of execu-
<br />tion or after reconiatior. hereof.
<br />i7. Transfer of the Property; Assumption. If all or any pari of the Property or au interest therein is sold
<br />or transferred Uy Borrower without Lenders prior written consent, excluding (al the creation of a lien or encum-
<br />brance aubordia,ate to this Alortgagq {bk the. creation of n purchase money security interest. for household sppli-
<br />ances, ic) a is•ansier by devise, descent m• by operation of law upon the death of a ;Dint. tenant or kit the grant of
<br />any leasehold interest. of three year::, or joss not containlug an option to purchase, Lender may, ut Lender's option,
<br />deelara all the sums secured by this \-fortgage to be immrdiatelc due and payable. Lender stroll have waived such
<br />option to accelerate if, prior to the sale or 'transfer, Tender and the person to whom the Yroperty ista be sold ar
<br />transferred reach agreement in writing that the credit of such person is satisfactory to Lender and thst the interest
<br />payable on the suers =ecured by this \-lortgage shall be at such roar as Lcndcr shall request. If Lender has waived
<br />the option to acoeterxte provided in this psragraph t i and if Borrower's s~.ecesaor in interest hags executed a writ-
<br />ten assttmptior. agreement accepted in writing by Lender, Lender shall releas Barrow.^r Trout asl! abhgatioats under
<br />this Mortgage and the Note.
<br />If Lender exercises such option to accelerate, Lender shall +.nsil Harrower erotic=• of a€e.»lerat:an in aa~rdanee
<br />,.itlt p:,ragrap't I~ ltettaf ..!.:.a~:_- _!..:I. Itrus•itle a pcrtas! :.. ..t Ir- tl.....rt; t• :.ci:. *; r :at~• =ate roller is
<br />mailed within which 13arroner tear pay the sun~~ declared dne. Ii Borran°cr iatis~to tray south _,ums 1?rsar to the
<br />expirat,ou nt such period, Leader nary, rvirhgtat fcu-the!- uvt ice or detuauul ou Bin~rmver, invoke xny remedies per-
<br />mitted by pat.wt;rauh I$ ltereaf.
<br />NuA-U~xr>••utt;a l`uvt~~t~•ts. 13urt•otver r.nrl t.rttder further cttvcnunt and rs~mee n tultuw
<br />.3. s~ ~at3o^: airs .gs. .x=.~t , . _ _.- ...., - - r-• . t -- r{-.., al.,.,, ..crewel'. ... , _, t'= ~rr
<br />cavanunt or agreement of Horrotver in skis Mnt7g;aFa, inrlush:n;; tlm r•oyenants to pay leper due an} soots .reared
<br />by this ylartgage, Lcndcr prior to arcrlovatian =hn!E n;atl rnttrre to laarrawrr as.lrrovidecf, in pau'ae:c.p6 t~ her2oI
<br />speeif}•ing: llt the breach; (2t the uctiou required to c•urc much irreaeh, i3t tr date, not less tban thirh` Baca
<br />trout the date the notice i< uruiled to Burro~arr. by .vhu9t such lu•eac!r must be eut•uAl; rind tit tL•at failure to cure
<br />.uuelt breach an or before t}se dssh• specified its t!tr ncuu•o nosy .c=a?i :a: st,r,•leratien trf thr• :runs ;rretrwl try ilia
<br />\lorigage anti sale of the Property. Ii the breach is nut cru•ed crt: ur bef:nr the Tarr specifed in the nutlet, l.t•nder
<br />at Letnlc:•'s option uauy declare all of ihr routs secut'er! 6c t!n, Alort,;at;e to Ire irnmcviiately due and pa)'abie
<br />without further demand and my foreclose this Alortgtagr by ,tudici;ti pt~rccrd;np_ Lcnclrr shall he cntith•d to collect
<br />in such proceeding all +^xpenscs of iareciusurr. ua•lurhug. het nut liuntr:i to. et>`ts of ducutnentarv rvicicacc•,
<br />abstracts wed title reports.
<br />I9. Borrower's Right to Reinstate, AoPa'ub>rauuhug l.c•ucler~. arcclt•rytiun of the :.taus securc~ti 6y this
<br />Mortgage, Borrower sprit have the right to have sus l,rrxcc~lir;~. I>«•gutr by Lrndrv~ tt; .=nforcr thts \.art~,age di~-
<br />continued rst any time prior to entry of a Indgmeut cnfo~na; ihr>< ~lortgagc• tf: tat Borro:s•c~r par's l.Ynder al!
<br />suaaH which would tse then dtte antler this Jlortg_ aKe, t}tc Nett- nn,I nat... xeettring Future adyanees, if arty, had na
<br />acceleration occurred; th) Borrower torts all hreneics ai ;ttsy ether ruyrnants ar stgreentpnts of Borrower can-
<br />+~ii~~l it; th;~ ;~dt+^t~~F, -, '._l': ~Errt`-V.-P- , R'.= ;all - •rtrn3lt t€'- -:L~c-.. p~..~ 7 1 t,e n l4-1 ~i r'tfrrf rl_.. -- - ----
<br />` t;
<br />and agrst~mcnts of I;arroyrs.r caniainc+.i in ikon AEortkatt;c• arr.t m e•t;iar;ttg t..rc;c=r' rr>nrtelit~:ts pror'kte~.: n: f:ar~>~
<br />graph 18 hereof, including, but not limitei to, rratsanahle attortaey's ter°~. and cdt Ifurrower arkr such actiart as
<br />Lender may masonably require to assure that the lien of this ~Iartf;a~,e. Lender's interest in the Yettperty and
<br />ktorrawer's obligation to pay the sums secured by this Mari~;aku• =hall ronttnue unimpairrtl. upon such payment.
<br />and cure by Borrower, this Aortgage and the obligations secured hereby shall mmaitt in full force and rtfrct ss if
<br />no acceleration had occurred.
<br />20. As>ugoatueat of Ruts; Appoiatmaat of Receiver; Lendersa Poaaeatsion. :1s additional security hcrc:-
<br />undar, Borrower hereby assigns to T.etxlor khe rents ai the Pralrertc. proyir:led that Borrower shall, prior to accehr-
<br />ation under paragraph 18 hereof or abandonment of the 1'roleerty, hnyo the right to collect a:ntl refuin Warp rents
<br />as they became due and payable.
<br />T.tpats acc~leratian under paragt•atrh 18 hereof or ahandonntent of the Yt•ap€rty. Lcndcr. in person, by agent
<br />or by judicially appointed receiver shall he ntitled to enter ulwn, is:ke I:osses€ian of and ntanag€ the Yroperty
<br />and io collect. the rents of Lhe Yroperty, including those past due. Ali rents calireted Icy Lender oe the receiver
<br />shall 1~ altglied fir€t'to payment of tLc c~*r, of atanagement of the Frupcrky acrd collection of rt=.Rs, i,srluding, but
<br />not limited to, receiver's fees, premiums on receiver's bonds and reasonable attonu•y's fees. anti then to the aura,
<br />scoured by t}tis Mortgage. Lender and the receiver shat! he liuhlo to amount onh• for those n•nts ar•tusll}• rrcriyed.
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