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<br />not extend or postpone the due date vi the monthl}• insttllments referrers Lo in paragraphs 1 andl hereof yr <br />change the amount of such installments. <br />10. Borrower Not Released. 1;xtension of the tiu,e for pa}anent m• modification of amortization o[ the sums <br />secured by this Mortgage granted i>y Lender to any successor in interest of Bvrrower shall not operate to release, <br />in any manner, the liability of the original Borrower and Borrowers suecessare in interest. Lender shall not be <br />required to commence proceedings against suel€ successor or rot""use to extend time fur pa r ment or .,therwise modify <br />amortization of the sums secured by this Mortgage by reason of ruty demand made by the original Borrower and <br />Borrorver's successors in interest. <br />11. Forbearance by Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy <br />hereunder, or otherwise afforded by applicable late, shall not be a wai:cr of or preclude ftte exercise of any right <br />~j or remedy i:erewrder. The procurement of insurance or the payment, of taxes or other Bens m• charges by Lender <br />(~ shsi} not be a tcttiter of Lender's right Lo sccelerate the mafuricy aF the indebtedness secured by this 1lortgage. <br />12. Remedies Cumulative. All remedies provided ht this Mortgage arc distinct and cumulative to env other <br />right or remect}- un<ier this Mortgage or ;€ft•ottied he lace or equi[y, and rn;t}• be exercised concurrentl}', independ- <br />entry or successively. <br />!3. Successors and Asdgns Bound; Joint and Several Liability; Captions. 'the coveraats and agt•eemenfs <br />heroin cotaained shall bind, and the rights hereunder =hall inure to, the respective successors :uxl acsigns of Lender <br />:,net Borrower, subject to the ,n•ovisions of paragra~th 17 hereof All cavunanta and agreement; of Borrower shall <br />^~ be joint. and several. The caption; and hcudmgs of the p:u•agrnpits of [his Mortgage arc for convenience only and <br />are not rA be used Lo interpret or define ti,c provisions hm~aof. <br />24. Notice. An}' Holier. to Borrower provided for in this Mortgage shall he given bt mailing such notice by <br />certified mail addressed to Borructer at the Propert}- Addre~ st:ued below. excrpt for anc notice required under <br />paragraph 18 hereof Yo i,e !;iron to Bm•rmver in chc manner presm•ihed by applicable late- .-1n}' uvtiec pravidvd <br />for in il;is ~lortrysgc sh;nll he deeu€ed to have been given to Borrower when given u, the manner design,a~ d herein. <br />15. Uniform Mortgage; Governing Law; Severability. "Phis irnur u( u~ortgagt• co[nbinrs uoiforn; +r+•nants <br />for national use and Han-uniform covensnts n•ith limited variations b}• ,jurisdiction, to constitute a uniform secu- <br />rity instrument covering real property. 'T'his \Im'tgage shall be governed by the ist+' of the jurisdiction in which <br />the Property is located. In the event That any provision m- clause of this Mortgage ar fire Vote canfiicts with <br />applicahle law, ~uci€ conflict shall Hat affect other provisions of this Alortgage or the '.dote which ear. be given <br />effect without chc conflicting provision, and to this end 'the provision, of the Mortgage and the \ote are declared <br />to be severable. <br />1S. Bonoweis Copy. Borrott'ershal! he furnished a conformed copy of this Mortgage at the time of execu- <br />tion oa• after rPCOrdat-tan hereof. <br />17. Transfer of the Property; Assumption. If all or anc part of the Property or an interest therein is sold <br />or transferred be Borrower without Lender', prior written consent, excluding fst the creation of s lien or eneum- <br />brance subordinate to this Jlortgsgc, i bl the creation of a purchase money security interest for household appli- <br />ances. tci a transfer by devise, drsceui or by operation of lutr upon thst death of a }Dint tenant or id) the grant oI <br />any leasehold interest of three yeas or Icss not rantainiug :u[ optimt to purehuse, Lender mac. at Lender's option, <br />declare all the runts secured by this \lortgage to be inurediatcl}• due :uu! payable. feeder shall have e dived such <br />option to a ceiertte ii, prior to chc ;ale or transfer, Lender and the person to whom the Property is to be sold or <br />transferred reach agreeutcnt in writing thst the credit ut such person is satisfiictor}• to Lender and that the interest <br />payable vn the runts eceure<i by this \Lortgsge shall he ut such cur a~ Lender shall request. Ii Lender has waived <br />the option to accelerate prvvided in this paragtapi€ 1; curl if Borrotter'~ sucecvsor in inteti'st has executed awrit- <br />ten ass,nnptivr. agreement accepted in wciting by Lcnfier• Le[tcter shall rvicase Borrower from all obligations under <br />ir,fs Mor•tgagL and the tote. <br />If Lendet exercises suet} option to accelerate, Lender sh;€11 wail Bo€°rowt r settee of aa.eleratiou iu seeordauee <br />with u;tragrgrh 14 itercoi. Such aotic„ shall hmvide a l,eri:ni ,;? ttnr L s them z;t~ a,._ys Irc,m the date ttte ratie=t ics <br />mailed stithiH tt•Lich Barrvucr Hray p:~v the sma. declare t tut-, [; B~rtowcr ? t + to tra = uct€ su=€~ briar ttr tree <br />txltu:,ti ~ .,~ -u~~. Ueriod, L n.trr €uaS', .;t„u.€€ f,;etbr: nVtnt +,, dc,u.,itd fret liurrvt.•rr, invoke any rrmedier iter- <br />tnittet~ by narsQir~nh LR hgreoC_ <br />\+,h-I'4rG'or~t t'nrt:x~::,rs,. Iirirracver nt€d Lenc3cr further +~ocetrnnf user air+~+- n- folktw~v- <br />18. Acceleration; Remedies. Bxccpt as prot9ded m p;u•agruph li hcrraf, upvu Borrinter•s hrer€rh v( any <br />covenant nr agreement vi Borrower m chi, Alartg.,gr. u,clu+ling the covenants to p;ty trhon dur ;ut}• -um. >rcumd <br />icy this \lortgage, Lender prior to :u~crier;uum ~I,ail nc€il notice to ktorroa~c€ as prodded €n p:ux€t;r;€pi, td 6,avof <br />specifying: fI) the hresct, i2i the action required to Burr such broach; t31 x dote, not less than thittc days <br />iroto titer date th+~ no[icr [> mailed to Lorrotwer, !,y whtcit such brrtu•1, uniat ix• cur+~l , a,~+t N t that failure to curr <br />vueh Lncact, vu ur L+•A~re tl~~c date sinelfied in rite notice u,uy result in aeeelcraho,+ of the --um= eenrr+t bt this <br />\Iortgagr and sale of tl€c Lh~vperty. if the hrvach i< not cured or, ux hcfm•e the date specified in t1€~ notice, Lender <br />at Lender's option may declare ail of the sum= -.eewe+t in• this ~tortgagi• to be imnrcdiateh' due sad puya6k~ <br />without iut•th~~r deu,anri anrt muy fnreclos+~ ittis \ir!rtg;€gc by !u+iieitsl pt'a•eeding. Lender' s1€all be . ntitleci to coiltx~t <br />m .,uch la-+x•e,,,hng all expenses ui foreclosure. uu•luding. hnt nci limited to. costs ui duruni+r,uarv ccidence, <br />nbstructs and title report-, <br />19. 8onowrrr's Right to Reinstate. Natwulutanchng Lemier'- ;u•a•.•icr€uivn of the sums =ecurewi by this <br />:Mortgage, Borrower shall have. the rig}tt. to hate any proceedings 6eguu by i.ender to cntorce this \Ivrtfage dis- <br />continued a! any lime prier to entry of a .lodgment eniairing chi. Mortgage if: rat Borrower page tenter all <br />sums which would ~ then due under this 3lortgage, the lot~~ ;utd notes souring Nuturc Advance:, ii any, had no <br />acceleration nccurret*!; chi Berratvrr ct€rc- ail t~s,•_i.•1:+~- of :;ny +,ths-r +~o=~,nrnE ur ,firz--r€€€c.t . I3orrr~ffr'e ca.t- <br />rained iu this Mott~age; te) Borrower pays all reasonably-+ep€.€s+~ inrarr~,-1 h}- Lcznrlrr itt rnforrinP, Fh+_• etri=crant <br />sad agroementa of Borrower containedrn this .llerrtgai;€° arai in enfose,ng Leader`s nurrdie_ as pnrtideti i€r para- <br />graph 18 hereof, including, but. not Ihnitett tat tt;u+anahle attorury's fees, and tdk Borrower takes €;uch action ss <br />Leader may reasonably require to assure that t-ho Nett of thislIartAage. Lender's nttc~rest in the property atni <br />Borrower's obligation to pay the sums secured by this \tartgnge shall cantinuc uniwpaiml. t?lrnn ouch payn€ent <br />-and Dore try Borrower, this 34ortgage and the obligations .eett€~ci herrtty shall remain in full fo€-r~ ane4 oReet as if <br />ao soceleratian had occurred. <br />20. Assigatmaut of AwMS; Agpointmeat of Rraesiwr; Leasder is Poasefsiaa As additional security here- <br />, under, Borrower hereby assigns co Lender cite rents of the I',operp•. previds~ri -that Harrower shall, prior to acceler- <br />ation under paragraph 1$ hereof or absndaament of tree Property, have the right ro collect and retain such rents <br />as they become due and payable. <br />Upon deceleration-under paragraph I$ hereof or ahandonment of the Property, Lender, in lrerson, t>y agent <br />or by judicially appointed receiver shalt be entitled to enter upon, take possession of and utanage the Property <br />and to collect the rents of the Property, including those past due. Ail rents collected by Lender or the receiver <br />shalt be applied first in payment of the casts of €ttanagement of the Property and eotlcrtian of rent., inehtding, but <br />not Limited to, receiver's lees, premiums on rceeic•er's bands and rcasonnhk attorney's Pecs. €uui then to the sums <br />secured by this Mortgage. Lender and the receiver shall he liable to account onh~ car those ants arhrnlit• roccivcd. <br />