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not extend r.~r post.pone the due date of the monthly instsihuents referred to in laragraphs 1 and 2 hereof or
<br />change the amount of such installments.
<br />ifl. Barrowver fifiot Released. Ertensian of the time for yavmen#. or tnodzfication of amortization of the sums
<br />secured fay this !tlartgage granted ln• I';ertder to any successo¢• ir. interest of Borrower shall not operate to release,
<br />in arxy inaanrrer, the 1i;iab,iiity of the ori',girtal Borrower and Borrower's successors in interest. Lender shah not be
<br />required to commence proceedings against such successor or re(irse to extend time for payment or othert. se modify
<br />amortization of the sums secured by this Mortgage In• reason of any demand made by the original Borrower and
<br />Borrower's successors in interest.
<br />I1. Forbearance by Leader Not a Waiver. Any forbearance by bender in exercising any right or remedy
<br />hereunder, or otherwise afforded by applicable late; shall not be a waiver 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 ny bender
<br />shall not he a waiver of Lender's right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />12. Remedies Cumulative. All remedies provided in this Mortgage are distinct and cumulstive to any other
<br />right or remedy under this lortgage or afforded by l:nc or equity. and may ba exercised cancurrenUy, independ-
<br />t.,+a entlyorsuccessiveh•.
<br />`~ l3. Successors and Assigns Bound; Joint and Several Liability; Captions. The cotenants and agreements
<br />herein contained shall bind, and the rights hereunder shall inure tn. the respective successors and assigns of Lender
<br />F and Harrower, suhiect to the provision. of paragraph l . hereof. All covenants ?red agreements of Borrower shall
<br />be joint and seaerai. The calations and headings of the paragraphs of this Mort-gage are far runvenience only and
<br />are not to be used to interpret or define the provisions hereof.
<br />~ ld. Notice. Any notice to Borrower 1n•ovidcd for in this \[ortgage shall he >;iten by mailing such notice by
<br />1~. certified mail addressed to Burrower at the Propertc Address stated hclatr. except for any notice required under
<br />paragraph 18 hereof to 6e giccn to Borrower in the manner prescribed by applicable law. Ant notice provided
<br />far iu this ~lartgage shall be rieemed to beta been gi: eu to Borrower when given in the nt.antter designated herein.
<br />15. Uniform Mortgage; Governing Law: Severability. ".Chic form of mortgage comitines uniform covenants
<br />for national use and non-unitornt covenants with limited variations 6y jurisdictiot to constitute a uniform secu-
<br />rity instrument covering real property. This Mortgage shall be governed by the law of trite jurisdiction in which
<br />the i'ropert}• .~ located. In the event that any provision or clause of Phis Mortgage or the Note conflicts with
<br />applicable 1as. such cantlict shall not affect other provisions of this Mortgage or the I~Tote which can be given
<br />effect without rile canilicting provision, and to 'this erect the provisions of the ~lartgage and the Note are declared
<br />to be severable,
<br />iS. Borrower's Copy. Borrower shall be furnished a conformed cope of this Mortgage at the Gime of exeeu-
<br />tion or sfter recordsiior. hereof.
<br />l7. Transfer o£ the Property; Assumption. It all ar any part of the Property or an interest therein is sold
<br />ar transferred by Borrower without Lender's prior written consent, excluding (:aj the creation of a lien or eneum-
<br />braneo subordinate to this Mortgage. i h) the creation of a purchase money security interest far household appli-
<br />ances, tcj a transfer by devise, descent. or h}• operat-ion of law upon 'the deeth of a joint tenant or idj the grant of
<br />any leasehold interest of three years or less net containing an option is purchase, bender may, at Lender's option,
<br />declare all the ~~ms secured by this Mortgage to be imurediatel}• due and payable. Lender shall have waived such
<br />option to accelerate ii, prior to the sale ar transfer, Lender laud the person to whom the Property is to be sold or
<br />transferred reach agreement vt writing that the credit- of such person is satisfactory to Lender and that ttte interest
<br />payable on the sums secarecl by this ,lortgage shall be at such t:~aic as Lander shall request. Ii Lender has waived
<br />the option to accelerate provided iu this paragraph 17 and if Borrower's successor in interest has executed a writ-
<br />ten assumption agreement accepted in writing by I.encier, Lender .:hall n:lease Borrower from all obligations under
<br />this l~lartgage and the Note.
<br />If Lender exercises such option to accelerate, Lender shall retail Borrower Holier: of acceleration itt accerdauce
<br />whit raragra}?'n i~l ltareof. wuch notice shall provide s laeriod of not les= than 3ti day. from the date the nettaee is
<br />trailed 3t°ithin which Borrower n;ay ~av the stuFis deciarerl duc~. Ii I3arrrrt:°fr faits tip pad- tts.l; sung. prior iv tfte
<br />expiration of such periurl, Lender rttsv, without further notice or demand un I3arro;vrr, invoke any remedies per-
<br />ntittcd kt4 paragraph 1K hereof,
<br />" - '
<br />~rati-i~trratt?t a'(rIE S?~\~{~~• I-iorrr,wrr trnr ,env fir t`u Yt ti>r Cu~°t~nnnl ;i rtri tl~rr~t~ +~t~ :+iltott•~
<br />in.:accelaration; nerna$i~. c:xc•tpt as pravirieff in ytaragruplc Ir hercrrf, ulaon 13arrowcr`. brza:h of a:y
<br />~_-
<br />co.eaant~ ur irerermcnr at F3ort'otitr•r in tmr 3tartgttg~~. tnr•turTrng r_HCt ra~enants [o pay when-iluE anti -tut3 securr_t~
<br />by this \lartgal;e. Lendt•r prier to acceleration .hall nt:ul notice a, Burruwc•r as prutiderl in paragr;gtlr k4 Gereraj
<br />specif}'ing: UV !be bunch; t2r lire nation requu-cvf to cum wrh brerarh; ;3r a datt•. not less than thirty days
<br />truest the date the uare~~ r~ uuaik~i to Ltarrower, h.' which such !utinclt nmst be cured; and i~r that failure to can=
<br />xuch breach an a' betoec the date specified to the notice utay ra~uh iu areelaratiun of the sinus seeutetl by this
<br />Mortgage and sale aC the Yroperty. II the hreactt is mH curer! on ar betaro the date specified m the notice, Lendee
<br />at Lender's option nutty declare all of t}k, >ums ;crated by tlns Mortgage to be immediately due and payable
<br />without further demand and may fareclost thi;~~ Mortgage h}• }udieia! proceeding. Lender shall be entitled to collect
<br />in such proceeding all expanses of fareclasurr, tneludma. Itat Hat ltntited to, casts of doeameucar~• ecidenee,
<br />nbstr:s:+t,; *e!rd title, rc,~arts.
<br />19. Boaower's Right to Reigatate. ~otwith.~taadutg Lenders uceeteratiun of the sums secured key this
<br />Mortgage, Borrower shall !rave the right- to have cuty proceealingt lregmt t?y Lcntler to enforce thisllartgage dis-
<br />eontinued at an}• time prior to entry of a judgment oniorein}; ttti-~ ~lertguge it' tat Barret:rer pays Lender all
<br />sums which watil<f be then due under this Mortgage, the \ote and Hates secttrinla F'urirrt Advances, if any, had na
<br />acceleration occurred; Ib) Borrower cures all brvoche. of any other cotenants or agrventents of Harrower can-
<br />tainer£ in Chia tortgage; (c) Barmwer pays all reatunahlr- ex{wnses inetrrntii by Lender in enforcing the covenants
<br />-and agreements of Borrower contained in this Murit;ake and in en(arcinK Lander`. remedies ar provided in para-
<br />graph lS Hereof, inctudinr;, but Hat limited ta, reasonable at#nrney's ice+; and rdi £Iarmwer fake:: xuch action as
<br />Lender may reasonably require to assure that the lien of this ~lartgage, Lender's intern*st in the Property sand
<br />Borrower's obligation to pxy the sumo secured by thin \lortgagc shall cantinuc ttnitttlaah't~ti. C!pan such payment
<br />-and cure by Borrower, this Mortgage and the obligations secured hereby shalt remain in full force and eN'ect as i£
<br />na acceleration had occurred.
<br />20. Asigaureat o£ Reatsr A;+poiaf:aaat o! Receiver; Leader is Possase£oa. As additional security here-
<br />under, Borrower hereby assigns to fender the rents of the Property, provided that Borrower shat!, prior to acceler-
<br />ation under paragraph 18 hereof or abandontent of the Proiterty, have the right to collect anti retain such rents
<br />as they become due and payable.
<br />Upon acceleration under paragraph 18 hereof or abandonment of the Yroperty, Lender, in person, h}. agent
<br />or by judicially appointed receiver shall he entitled to enter open, take laossession of and manage rite Property
<br />and to eollecL +.he rert$ of the P...pot•ty, including tht~e past due. A!1 rents oolleeteci by Lerxler or the t<~eeiver
<br />shall be applied first to payutettt of the casts at tnanagement of the Property and collection of rents, htcluding, but
<br />Hat 1,°tited to, receiver's fps, prenvtnns on rceeiver's bonds and reasonable attorney'. fees. and then to the srnns
<br />secured by this Mortgage. Lender and the receiver shall be liable ro :account, only for those ruts sctuall}• received.
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