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i, <br />- not extend or postpone the due date of the montnh installments referred to in paragraphs I and 2 hereof or <br />change the amount of such irstatlrrients, <br />10. Borrower Not Released. 1;xtensinn of the time for payment or modification of amortization of the sums <br />secured by this Mortgage grsnted by bender to any successor iu interest of Borrower shall not operate to release, <br />in any manner, the iiabilit>• of the original Borrower and Borrowers successor 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 by reason of any demand made by the ariginat Borrower and <br />Borrower's successors in interest. <br />Ii. Forbearance by Lender Not a Waiver. Anv forbearance by bender in exercising an}• right or remedy <br />hereunder, ar otherwise afforded by applicable law, shah pat be a waiver of or pt•eelude 'the exercise of any right <br />or remedy hereunder. The procurement of insurance or lire payment ai taxes ar outer liens or charges by Lender <br />_ shall not be a cvaicer of Lender's right to accelerate the maturit~^ of the indebtedness secured by this ]lortgage. <br />- ~ 12. Remedies Cumulative. :111 remedies provided in t!+is Mortgage are distinct and cumulative to any other <br />right or remedy under, ibis :lortgage ar aftnrde~l by luw or eyuitr. and ma}- be exercised concurrently, independ- <br />7 ~ entry ar successively. <br />~ 13. Successors and Assigns Bormd: Joint and Several Liability: Gaptions. The covenants and agreements <br />1 A herein captained shat bind, and the rights hereunder shall inure to, the respeotivc successors :uzd assigns of Lender <br />and Borrower; st:bject to the previsions of pursgt:qil+ 1; hereat. All coccnauts and agreements of Borrower shall <br />be joint. and several. 'Phc captions and headings of the paragraphs of this Mortgage are for convenience only apd <br />are not to he used to interpret or define the prot•iscons hereof. <br />~ Id. Notice. :1m~ notice to Borracver pravidc<i for in this Alortgage shall he git-ea icy mailing such notice by <br />certified mail addressed m Borrower ut the Yroporty Address stated below. except for app notice required under <br />puragr.tpl: IS hereof to be git-er: to Barrozcer in the m:uun•r prescribed Izy applicable Im+. -env native provided <br />for it: this Afungugc eball be deemcci tc have been given *,o Burrower when given in the manner dceigaated herein. <br />Z5. Uniform Mortgage; Governing Law; Severabi&ty. 't'his form of mortgage combines unifarm covenants <br />-°--~ for national nee and non-uniform covenants with limited variations b}• jurisdiction to rmtstitute az unis<sra secu- <br />city irxttrtuneuf ~~+veriug real tarauerty. This \tartgage shall be goaerned by the law nt the j;;risdietion ut which <br />khe Property is~ lpcute~-. In ri+s event that any prevision ar clause o€ tlti5 llort;;age ar rite Nara eau°iet <br />~'applicahie law. such conflict shall not a~ftect oti+er provisions of this Afortgaee ar the Note which can be given <br />.effect wititaur the eonHicting provision. and to this end the provisions of the \lortgage :uzd the Note are declared <br />" to lie severshle. <br />- 16. Borrowers Copy. Borrower shall be furnished a conformed copy of this i\Iorigage at the. time of exeeu- <br />- - -tion or sfter recartiation. iternof. <br />I7. Transfer of the Property; Assumptioa. If ail or any part of the Property or an interest thet~ein is sold <br />or teat=steered by Borrower without Lender's prior written consent, excluding (al the creation of a lien or encum- <br />branee subordinate to dtis ltortgsge, t61 rite creation of a purchase moneg• security interest for household appli- <br />ances, fe; a transfer by devise. descent ur by operation of l:nv upon the deatFz of a ]Dint tenant or td} the grant of <br />ap}• leascl:old interest of three years or less not contsinirg an optian to purrhuse. fender may. at Lender's option, <br />"°`decIare all the snnzs secured by thin Jortgage to be imme~iiatch- due :u;d payable. Lemler shall have waived such <br />option to scceierttc ii, prior to the ;ale or transfer, Lender cult the person to whom the Property is to be sold ar <br />tranaferreei reseh sgrecnvent in writing that- the credit ai ~us9t person i,, sri-stactarr to lender and that the ipterest <br />payable on the ~sn~= -ecured by this _]lortgage shall be at such epee. as t.endet' shall request. if Lender has waived <br />the optiot:~ u ucceierate provided in this paragraph li acd if Harrowvr's surcesl.,r izt int?t•ru ]tss executc!tt a writ- <br />ten assusnpttop agz-cement accepied in n•riting b}• Lender, I~nder ~i+sll releases Berrowrr learn s!] t,hhOatian~ ttr~ti~ <br />rf-ii7 Mt~dgsge and tnc Note. <br />If Le.sder exercises suei+ optian to accelerate, Lender shsit tnai': Harrower r+otire of acceleration in accordance <br />i raE oi, 1# hrrtaf <ucl, antic.: .«tl prate I- - pt~•ri -i of not +_ -s- roan ;zr~ .lay: irate the dxit+z tiro pollee is <br />...a.tEtit ......s...tl; Iic,rrot.i +s+Fit- ;s.a ..-t,e sup,: ,~ tsrrt 'ut If f3ttrtUw°er ' .'. co p~t- suvi; sutt>` Lriar to the <br />~xpzr::tiaz: ctt ;,x•l: peeved. L,ndrr may. ~.viti+vut ttr+*hc'r untiCe riz• ,Icrnu:;tl at+ H ;~-t.,rtr. rn:vke env remedies t?cr• <br />~.,t,.t°~l b.... - -° IS hr-r<.•of. <br />-_ <br />;A,,:,.Ft~oxzz t'rn°r:n~~. tiurrotict~r anti Lemler• iurthe^r ev~t~untti and a~rrt• tts t`ullows: <br />IB. Aeeelaraiion: Remedies. Iarepf a, pevvirle,f in l,ar;trrgd, li hereaf, upon Harrower's hresch of anc <br />cnvemrnt or agreement ui Harrower +n thi- Jivrtgagc, including the covenata- tv pa}~ w°hrn due- anti sums :erurtat <br />by this Mortgage, Lrt~~lrr prurt to at~celeruziiu+ shall +nai! notice to flarrowrr as rn'avz.ied to iru'ukr:tptt t9 hereof <br />.pacif}'ing: ill the i,rt•ari,_ i2a the :u•Uua required to ctu'e ouch lereach. -3t ;# a;at.-. p-r ,-'+s than fhtrtt° datiq <br />irvm the date the mu+ce t~ n+uiied ut Rornnver, b}~ which Buell In•euch roust be rtnvvi and i4l titer faiim•e to care <br />,+« k brtearli an cu heian- the ,late airi•cihee', in the not ire muv result in accci:•z.ai+utr ,u !In• sums secured by ttri8 <br />Martt;age and st,;c ,zf the Yrvpc-rty. If the hreucli is nut. cured rot or hefaa• the dc,te *~ecttie<i in the natk~, Lender <br />ut Lender's optiu;r tnar ,ir,-Ia~•e all of the suu+s ecured by this Alurtt;age~ to la< in,rne-,itatefc ,iu:' acrd payable <br />w9thW+t fUCt tT?F ~1r'ii+t,ii i s,flt3 nt:ii' ivn'~~igsc Fh7~ alt~cf gzlgc 6V )n,lr~ lal I)rr~fEtvf inh l.t-nrit`Y 5hal. fn` rr+ht]C[1 t0 COlIPCt <br />w such pt•aca~iirrg alt e~pruvt)~ ui iureclunae, a:cludinp;. but nut luuito,i ta. post, of rlueuu+ettturi' evidence, <br />ahst!'teets uncl t;tle reporh. <br />19. Borrower's Right to Asinnats. Aatwztirumdmg LetuS`er•'a acvetet3iton ai she ~wr>~ -ct°n,t•w= zv tins <br />ivtortgage, Horrewer shelf have the right fa have any proceedings begun by t.endcr to tuforcr this Martgxiite dts- <br />cantinued at any titnc prior to entry of s juetKment ento!•cipg this Mart Cage tt: +a+ torrower pays Lenater alt <br />Burns which would be then due under thiw \kirtgale, the Note and note+ securing } urarn• ddvsnec~:.. if any, hx~t na <br />- - &L elrtat'sC3[i t-iiz-ij; r2iii itit iiUrNVr'tY Ct1rEc ail nFNaCiI~:. (!t ktn}- UftlFr r: Ui (`Uant-. t:r ,t~tr'E`mY712~ ii ~~6rTatt i=r C(1n- <br />tainect hr thin :liurtgalRn; tci Borrower pay, alt rt neat+c4htc t xl+. n~~s i+t t ] Iz} ! n~tt-r to ~ uc~i,:n tktr rev+-ctxi.:cam <br />and agreements of Harrower contained cn this >lortgage and iu rufou rag Let+tlc r rrt++c•±tt~ - is rtrai'hled in i+xira- <br />graph 1$ hereof, innluding, but not limited ta, mawnalale attorney's ices: su<] ,el+ Burtawr'r tnlet~ uc=t+ netien a <br />- derider may reasonably require to assure that the loon of this \tartgage, ].ender"a interest in the Pro;>xrty and <br />Borrow•ar's obligation to pay the sums scoured by this Mortgage shall eontinur uniugtairnt. [`lulu such payment <br />-and sure 6y Harrower, this i2artgage and the obligations securest hereby shall mn+:un in tut] focre and efi'eet as if <br />no aeoeleratian had occurred. <br />20. Ra~ignmebt alt Rrr+a~: A1Ppointasaiit of Eaceiver: Leud~r in Paawe:ion. ~± additions{ socurity hem- <br />, under, Borrower hereby assigns to Lender the rents of the Property. proridect that Bnrroa•er shall; Iarior to scrcler- <br />atian under paragraph l$ hereaf or abandonment- of the Prolerty. (rave the right to coHeet and retain such rents <br />as they becamo due and payable. <br />Upon acceleration under paisgrapti l$ hereof or abandonment of the Yropert}•. Lender. in person, by agent <br />or by judicially appointed receiver-shalt he entitled to enter upon. take passe_~cimr of and menage Sze Property <br />and to collect the rents of the Property, including tho~te past due..11! rents collected by Leader ar the receiver <br />shat] be applied first to payirtent. of the-costs of nratragement'of the Property and collection of rants, including, but <br />not limited to, receiver's tees, premiums on eeceiver's bonds and reasonable attorney`s tees, and then to the sums <br />secured by this Mortgage. Lender and the receiver shall he liable ut account onlt• far those rents schrally received. <br />