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not extend m- postpone titc~ due date ai the monthly iustallutents referred to in paragraphs 1 and 2 hereof or
<br />change the amount. of sacla installments.
<br />i!). Borrower Not Released. Extension of the tithe for payment m- modification of amortization of the sums
<br />secured by this ortgage granted by bender to any snecessor in interest of Borrower shall hat operate to release,
<br />in any manner, the liability of the original Borrower and Borrower's successors in interest. Leader shall not be
<br />required to commence proceedings against such successor or refuse to e:ctend time for payment or otherwise modify
<br />amortizatior- of the sums secured by 'this \lortgage by,rcason of ;vty demand made by the original Borrower and
<br />Borrower's successors in interest.
<br />II. Forbearance by Lender Not a Waiver. Any forbearance lay Lender in exercising any right or remedy
<br />hereunder, or otherrvise afi'ordeci is}• applicable la,c, snail nut tae a n•aivcr of or preclude the exercise of any right
<br />or remedy hereunder. The procurement of insurance or the payment of taxes or other liens or charges by Lender
<br />shall not he a waiver ai Lender's rigla to accelerate the maturity of the indebtedness secured by this ]lortgage.
<br />C'~ 22. Remedies Cumulative. Ali remedies provided in this \lortgage arc distinct and cumulative to any other
<br />i~1 right or rtmedy under this \lortgage or atiorded by law or equity, and may be exercised concurrently, independ-
<br />Q'9 ently or sucressively~.
<br />~j • 13. Successors and Assigns Boland; Joint and Several Liability; Captions. The covenants and agreements
<br />herein contained shall bind, anti the rights hereunder shall inure to, the respective successor; and assigns of Lender
<br />® and .Borrower; subject to the provisions of lasragr:pl, 17 hereof. Ali coveu:utts and agreements of Borrower shall
<br />be joint and severz[I. The captious and headings of the paragraphs of this \(m•tgage are for convenience only and
<br />~ are not to be used to interpret ar define the Itravisiom hereof.
<br />- ^ 14. Notice. Any notice to Bonrower provided far u, this \lortgage shall be given b}• ensiling such notice by
<br />certified mail addressed to 'Hot•rowcr at the Propert}• Address stetted below. excepi fm• any notice required tinder
<br />paragraph IS hereof to tic given to Harrower in the mamter prescribed by applicable laic. 9ny notice provided
<br />_ facia this Mortgage snail be dectned to hoer been git•en to Horrotrcr when given in the u:annc, design:,tod herein.
<br />15. Urutorm Mortgage; Governing Law; SeverabiGty. 'L'Lis form of mortgage t•ombines uniform covenants
<br />for nakional use and non-uniform covenants wikh limited v;triatiorts by jurisdiction to constitute a uni[orrt secu-
<br />city insirmucnt covering real property. This \lortgage shall be governed by the law of the jurisdiction in which
<br />the rro;~er?y is ucaied. I^. ilte event that any provision or clause of this \Iorigage or the Note conflicts with
<br />applicsia!~ law, such conflict shalt noC affect ether provisions cf this \lortgage or the Note which ran lee given
<br />I';~ et£ect without the conflicting provision, and to this end the provisions of the Jlartgagr and the Note are declared
<br />to be severable.
<br />I&. Borrawei s Copy. Borrower shall be furnished a confa•med copy of this \lortgage at the time of execu-
<br />~~ lion or after recordation hereof.
<br />17. Transfer of the Property; Asstunption. If all or any part of the Proper[}• or an interest therein is sold
<br />!~ or transferred by Borrower withouU Lender's prior written consent, excluding la) the creation of a lien or encum-
<br />brance subordinate to this \lortgage, ib) the creation at a purcha;e money securiiy interest t`or household appli-
<br />anew, (c) s transfer 6y devise, descent or by operntion ui law upon the death of a joint tenant or (d) the grant at
<br />_ any leasehold interest of three years or less hat containing an uptior.to purchase. Lender :nay, at Lender's option,
<br />declare all the sums secured by this \lortgage w be itaunedia[elc due and payable. Lender shall hat•r waived such
<br />option to accelerate if, prior to the sale or transfer, Leader anti the person to whom the Property is to be sold or
<br />transferred reach agreement in writing that the credit of suet[ I,erson is antis€aeton- to Louder snit that the interest
<br />payable on file sums secured by this i~iortgnge shall be nt such rate as i,ender shall roquest. If Lender has waived
<br />= the option to accelerate gro:•i3rd[r, this paragraph 1"r and it Borrower's suceeaor in intere:[ has execulecl a writ-
<br />- ten asumptio[, areemectt aceeptetl lit ;vritin; lay L ~tdcr, Leaadcr shalt rcle~+e $errowca• frea[r ail ahligatiu~ under
<br />_ thirs hlartgage and the Note.
<br />If Lender exercises such option to accelerate. Lender shall tuail Harrower notice of seceleratian in accuadance
<br />coon t,arua{;r3Ni; 1-1 hcrc:af. bush nonce .~Ital! pro.~ide a t~ri<~t of trot le. that[ ;ld 2aya franc the Istc= 14te ttatiee is
<br />__ [nailed wit-lth: ••`:ir!: ISttrrowt-t' tray {,`•t the. silt-as ctcclart=d du~•. If 13errawrr fa:I- tE I~zv- :~zr6t .=:uts €trigr to tl:e
<br />expirntian of sorb period, Lenilcr mav. n°iclrottt [m'thct' nattCi' uF drutand au Hiarrotvcr, im'ui{r any remedies per-
<br />- ~ milted lay paragraph lg l,ereaf.
<br />ticaN~[-Xten;t+t t'ucl;xnx•rs- Burroe•rr :urd Leather further coceuanE and agree a, Pal?uws;
<br />I$. Aceateration; Remedies. lixrept as provided in parngrtyah i7 hereof. ulrcu Barroa•rt's breaelt ut` any
<br />covenant or agreement of Harrower in this 1lortgnge, including the covenants to pay when dtt<t any wens securetC
<br />be this \lortgage, Lender prior to acceleration aintll wait notice to liorroaeer as provided in {+ttragraph Id hereof
<br />sperif}•mg: it i the 'ureach; i21 the sriion rcquirai ro curt such itre~adr; `tai -a date. nut less titan th[rty days
<br />iron the ,late th,• n,trtrc is wailed !u Hon•uwcr, be which snel,bres;}t must be Cr7rod , au:i t 21 that failure ha cure
<br />such breach on ar i,efore the date specifirci to the ut,aticr may result inrcrretsraticn of th<• _.uutz -eeurxvl by thla
<br />'tlartgagt• and sale ui the Property. It the heeaeh is not eurvd ur, nr before the date specified i:a tl:r [.afire, Lendet
<br />at l.rrnler's option wav declare aII ui the sinus secured by [his Alortgage tv he inunaliatalc d«r and payatde
<br />x itfwut further drnurnd and may foreehase this \lortgage by judieittl proceeding, Lender shall 6c ctuitle,t to collect
<br />- in sorb proceeding all ,•xpenst:~ of iut'erlusure. including, but not limited to, costs of duruin,•n;ar-s r.'idenee,
<br />abstracts and tiGe t•rporks.
<br />19. Horrowar'a Right 4a Rairtatata. \otwiEhntauding 1-curler's acrrieratian of the sums srrun:<l by this
<br />Mortgage, Borrower shaft have the right to have any proceedings begun br T.ender to rnfonr this \fat4ga(tr dis-
<br />continued at any time larirr m entry of a judgment onfo7chrg thin \lortgage• if: tat Borroxer pays ]w•t:der alt
<br />sums which would ba than due under this 1lartgugc, the Vutr ttnci notes securing Fuutre AcivuncE>s, if arty, hacf no
<br />-- accaloration occurred; [tai Iforrow°er curt: all htr[whes ai any other cavcm[Ett t[r agrw>nrent~ of Hortuwrr ecin-
<br />taiae,•i in this Itgartgage; top Harrower pays all reaaorurt;le c:el,e•rtnea inruerett t;.• f.ender• i[t canforcing the r<•t°enants
<br />xnd agreements of Borrower remained ut this \lortgage and iu enforcutg Lender's renrtKliee an pruvaciad iu para-
<br />graph 1$ hereof, including, but nut limited to, reasonably attorney'. furs; a[ul tdt 13orrawer tattt~s such action as
<br />Lender may reasonably require to assure that the lien of thin \lortgage. I.andrr'n interest. in the Properly and
<br />_ Borrower's obligation to pay the sums secureti by this Mortgage snail rontiuue unimpaired. 1`lwn ouch faaymtent
<br />and cure 6y Harrower, th4s Alortgage and the obligations :soured herciz}• shalt retaain in full taree and effect as if
<br />no acceleration had occurred.
<br />20. Aadgnmant o! Rants-. Apgwlntmaat of Raeeivar. Letadar in Poan. as additional serurity° Kerr-
<br />. under, Barmwer hereby assigns to Lender the rents of the Property. provicietl that Burrower shall, prior to accelrr-
<br />ation under paragraph 1$ horeof or abandonment of fhe Property, have the right to collect and retain such rentx
<br />as they become due and payable.
<br />IIpun asrelaratian under paragraph 18 hereof ar abandon:vent of the Yrope[•ty, Lender. in ]trrson, by agent
<br />or 6y judicially appointed receiver shalt ho entitled. to enter-upon, take passeccion of and manage the Property
<br />and to collect the rents of the Property, ineltrding.those p~L due.:ill tents eellert~~ti by I~ttder or the receiver
<br />shall !;e applied fi.*st to psynteat e: the rostq of [nansgement of the Fralryrty and callyriion of rents, inrhrding, Imt
<br />hat limited to, receiver's fees, premiums on mceiver's bands and reasanabir attoeney's Cees. and then to the sums
<br />secured by this Mortgage. Lender and the receiver shall br liable to account onh for those rents achutllt• received.
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