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n+~t exteritt or h~astpane the dime Bats. of !1 t nsonrh7s r ,elwpiar~nrt- rea'ert•ed ta.~ s~~it a tr:igrapi~+ t .~.rtd ~~ tiet•eor' or <br />change r,.,e atnoun~i of ~nnclt installments. <br />If1. BarrowerNotReIe+~sed. Extr.=nsion of tltc ti~nie for bra •mettt a,3t uuaor•iifia~,~a4,~ian of ama~rtzat,ion cuf ~tl~ate sums <br />srewred by this Alartgaga; granted lsg' Leu~tdYr to atnw- ~~aeca,^FSror r io~.rte~ri~.=4 e~f Barro~•.~er sfEa,ll tart o1~7~ea•ata t~c~u rel,e~a~ee. <br />in any manner, rite liabilif}- of tl+e original Borrower and Borrmtcr`s successors in interest. bender shall not be <br />required to commence proceedings against such sttecessor or refuse to extend time for payment or otherwise modify <br />amortization of the sums secured by this _llortgagc hti• reason of am- demami made by the original Borrower and <br />Borrower's successors in interest. <br />12. Forbearance by Lender No# a V'laiver. any forbearance b~ Lender in exercising any right. or remedy <br />hereunder, or otherwise afforded by applicable late, shalt Hai be a waiter of or preclude the exercise of any right <br />or remedy hereunder. The procurement. of insurance or the payment of taxes or ether liens or charges by Lender <br />shall not be a tcairer of Lender's right to accelerate the maUtrty of the indebtedness secured by this Jiorteage. <br />12. Remedies Cumulative. ~Il remedies prodded in this \Iortgagc are distinct and cumulative t~ any other <br />righter remedy under this lfortgage or afforded by tart or equity. and mar be exercised conct:rrently; independ- <br />ently or successively. <br />~ I3. Successors and Assigns Bound; Ioint and Several Liability; Captions. The cotenants and agreements <br />h€reir. contained shall wind, and the rights hereunder shall im,rE• to, the rest:ective successors and assigns of Fender <br />and Borrmter, subject to the provisions of paragraph 17 hereof.:Ail covenants and agreements of Borrower shall <br />be joint and seterat. The captions and headings oC the paragraph. of ibis \fartgage are for convenience Doty and <br />~ are not to b€ used to interpret or define the provi=ions hi•reot. <br />{~ 1$. Notice. 3n5• notice to Borrower prodded for ir. thi>~ \lortt;age shall he given 1>y mailing such notice by <br />certified mail addressed to Borrower at the Property .address stared helots. except for an}~ notice required under <br />paaragraph 18 i!ereof to he giteu to Bon-ouer m the n;amter prescribed h~~ applieaL•le late. Ant notice provided <br />for in this \lortnage shall be deemed to hate been gicon to Burrower when given in the manner designated herein. <br />I5. Uniform Mortgage; Governing Law; Severability. 'T'his farm of mortgage cotttbines uniform covenants <br />far national use anti non-uniform cotenants tcit-h limited t•ariations by jurisdiction to constitute a uniform secu- <br />rity instrutuent covering real property. This Mortgage shall b€ govet•ned by the late of the jurisdiction in which <br />the Property is faceted. In the etent that any provision or clause of this Mortgage or the Note conflicts with <br />applicable fart, such conflict shall rat affect other provisions of this Mortgage or the vote which can 6e given <br />effect. without the conflicting provision• and to this end t-he provisions of the \fortgsge and t-he Note are declared <br />to be severable. <br />1B. y~~;:er'aCor::r. Barrawer;ltall be furnished a conformed copy of this ortSage st the ttlLC of uxe,.~,- <br />tion ar after recordation hereof. <br />17. Transfer of the Properly; Assumption. If all m• any part of the Property or an interest therein is sold <br />or transferred by Borrower ttithottt Lender's prior written consent. excluding (a) the creation of a lien or en~um- <br />brance suhordinatc~ to th+s Mortgage, +l,t dte creation aC .t purchase money security interest for household appli- <br />ances, tej a tntsfa>r b} dense, descent or by operation ni law upon the death of a ;Dint tenant or (d) the grant of <br />:.tiy leas€halci inti•t°c•st of tltre€ }-ear- m- less not cantainin;; en option to purchase, Lender ma}-, at Lender's option, <br />declare all the sums secured by this \4oitgage to 6c iuuuedistel}- due and payable. lender shall hate waived such <br />option to accelerate if• prior ro the sate or transfer. Lanier and the prt•con to whom the Property is to he sold or <br />transferred reach agreement in writing that rho credit of such lreraon is satisiectorp to Lender and thst the interest <br />payable on the sums secured by this Mortgsgc shall he ai suc•it rate as bender shall request. If bender has wsiyed <br />the option to accelerate prayided in this paragraph t7 and if Borrower's successor in ins€rest has executed s writ- <br />ten asswnption agreement accepted ih writing by Lender, Lender shall sets tse Borrower from all otrIigations under <br />this Mortgsge and the Note. <br />If Lender exercises stECh r?ptiett t;-~ accelerate, Lender shall mall Borrower notice of aeceleratian in aceordattee <br />tti ~l r,:3r~gez}ph 1~ k erg°ef ~uelr Hatt - -=1ta1? }trat-idr tt t:erit><1 ~i oat tr~tic tlrau ~;tl da4`~ Iro?n tBe dam ty:~~ nCtj€^ i= <br />suaiiad within wl+ich Borrower mss p=3s th- ;urn- der tercel =cue. Ii Borrower foils to tray suel+ sums prier- to th€ <br />expiration of such period, Lenda•r :mty. ttttltout further notice or demand on liarrattet•, incokr any remedies per- <br />rrtitted by paragraph 1& herruf- <br />Nox-I`StFU}kst C'cn•sxasl•s. ilierrower anti l,cntfi r further corrnunt and eater v foilo~t <br />1B, Aecelaratioax: Remed as L-E•t;t 1='ro:i~l._•1 ice ; 3rar,:tl+; t? It,,rf~cf }}k,z=, !?t~rrt,.~°=r' I.r;4F•1, :,r ~-t <br />eovan.tnt or agreement of Burrottt ~ in t?~~- ~Gttt~:t4r, ina•lu+hug tl+c coven:uus rit psy tehcn due any °t nt• •rr;tr=a1 <br />by thin \lortgage, Lenricr iu•iur to at~t=rh-..+itt:n ,hall nt:ul notice to Burrowt•r as loot+atcd to ltas,tnr+ipl+ t4 hEreui <br />specifying: Ill the brrueh: i'ki tl+c• ;u•ruut requtrrd tct cum such hmaeh: i31 a date. ^ot lea~•. than shirt}• ds}•+ <br />from t-hr dots the Holier i- tn;tile~l to Rurrc::++~r. L}~ ti~l~ieh <uch breach must be curd . sn~l +•it tt:at tailors to cure <br />such hrearh on ot• before the dot+• slnvtfu•._', i!a th.~ ;totirr may result in aeceterntiun of t};e solos secured by this <br />31artKage and ~xlc of the Fropert}•. [f the breacl~ r~ nut cared on or before the dots spccifird in the notice, Lender <br />at l.endcr's option nosy .lcclare alt of tht~ inns ~:ecureci by th+s Jfartgagc ru he imincdiatz•iy due and payable <br />without further d~•mancl c~nc1 may forerltut• this Mortgat;r by tudici:d pt•ot•eaelint. Lender shall be ettitled to collect <br />in such iurocec°:imf; all expenses ui ioreclust:rr. melu:iing„ but not limiteu ta, co;t: of tloeamcntarr etidence. <br />abstracts tutu title reports. <br />1$. Borrowein Right to Aeinataie. Xohtithsnuuiint; Lendavb acreleratiou of the sinus secured by this <br />Mortgage, Bo~awer shall have th€ right to bare any proceedings l:r};un by Lender to hnforcc this Afartgage dis- <br />continued at any time prior to entry of .t judkmcnt enit>Tcint; this \Iitrtgak;€ il: ta) Boreittser pa}°s Lendt:r all <br />sums whi€h would b€ th€n dtte and€r this MortFakc•, thr'_Aotc and notes scoaring Future ldran€es, it any, had no <br />aceeleratian aceurred; tbi Harrower curd all !reaches of ;un- other cotenants or a};reeutent of Ciorr+twer con- <br />t~tn€a ~}'ie'i'Iartg~~€, + l '~ar'ro&?r pay> all tai-:elr . } ~ ,~}it _ ...scot h~' Leftver In ~nfort•tnF .~._ _.t •-_~Fit3 <br />and a~incnt~ of Borrfitwer eontainc`tii in tilts A{rrtyage and m iniort'in~; Lender . remcdice as bras icu~i it+ k~arct- <br />graph 1$ hereof, including, but not Cimit~t ta. r€asanablr at-torney? true: and ld r Borrotter takes such tu-t-ion tt_ <br />Lersder may t~asonahly require to assure ghat the lien of this ~tort~agr. L€nd€rS int€nst in the Property and <br />Borrower's abligatian to pay the sums secured by this 1lortgarc shall continue unimlutircd. I?pon such 1>aymenc <br />and cure by Borrower, this 1blortgag€ and the obligations seeur€d hereby .hall rentaiu in furl force and ctI€et as if <br />no acceleration had occurred. <br />20. Aasigament a3 Rents: Appointment of Receiver; Leader in Possession. As additional security here- <br />under, Borrower hereby assigns to Lender the rents of th€ Prop€m•. provided than Borrower shall, prior to acceler- <br />ation under paragraph 1$ hereof or abandonment of the Pmperty, hate the right to collect and retain such rents <br />ae they become due and payable. <br />Upon acCei€ration under paragraph I$ hereof ar abandamnent of the Property, Lender. in person, by agent <br />or by judieiaily appoint€d ro€eiver shall b€ entitled to enter upon, talc possession of Wort manage the Property <br />and to collect the rents oft.he Properly, includin}G chose past duc.:yll rents collected by bender or the receiver <br />sha!! bt; applied n"rat to payment of the costs of rzattag€m€at of the Prap€rty and coltcction at rents, including, trot <br />oat limited i.o, receiver's fees, premi¢>t~s an receiver's bonds and n•asenahle atmrncy's Eces. sod then to the sums <br />secured by this Mortgage. Lender and the receiver shall h:• iiahb~ to aerount only for those rents ttetualh• receited. <br />