<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.
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