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rfit~t e;t~,e'o,cl or ftalr;,ipvne the due date of the rnvntlrly installment= re~~Fedrred to in paragraphs 1 and 2 he'reo4 or
<br />change th,e uarstvusa of such installments.
<br />Ilk, Borrctw~r Not Released. Extensive of the time fvr payment. yr moclifeation of amorttzation ai the status
<br />'secured ~y 'this llvrtgsge granted by Lender to any -nccessvr in interest vt Borrower shall not. operate to release,
<br />in cry manner, ±he liability vt the original Borrower and Borrower's successors in interest. Lender shall not be
<br />required to commence proceedings against suet: successor or refuse in extend time for payment or alhet•a'is ~ modify
<br />amortization of the sums secured frv this Mortgage Iry reason of any demand made by the original Borrower and
<br />Borrower's successors in interest.
<br />Il. Forbearance by Lender Nat a Waiver. Any forbearance by Lender in exercising any right ar remedy
<br />hereunder, or other;•ise afforded by applicable late, shall not he a wai.er of or preclude the exercise of any right
<br />or remedy hereunder. "File procurement of insurance or the payment of taxes or other liens or charges by Lender
<br />,~ shalt not be a wsi~: er of Lender's rigPit to accelerate the maturity of the indebtedness secured by this ~Sortgage.
<br />~ 12. Remedies Cumulative. :111 remedies provided in this \lortgage are distinct and cumulative to any other
<br />~ eight or remedy ender this ~[nrtgage or afforded h,- law or equity. and ntsc be exercised concurrently, independ-
<br />entlc yr successively.
<br />~ , i3. Successors and Assigns Bound; Joint and Several Liability; Captions. The covenants and agreements
<br />herein contained shall bind, and the rights lereunder shall inure to. t.hc respective successors and assigns of Lender
<br />and Borrower. subject to rite prat°,sions of }yaragraph 17 hereof. A':I covenants and agreements of Borrower shall
<br />be joint curl several. The captions and hcadmgs of the paragraphs of this \[ortgage are for convenience only and
<br />01 see not to ie used to interpret or define the provisions hereof.
<br />~` 14. Notice. :1ny notice ro Borrower provided ivr in this Alortgage shall be given 6y mailing such notice by
<br />certified mail sddresac•d to Borrower at the Property Address ststed below. except for any not-ice required under
<br />paragraph 18 iterevf to be giyen to Borrower in the wanner prescribed be applicable talc. ,env notice prvvided
<br />fvr in this Zlortgage sF:ull he deemed to pace been given tv Borrower when given in the meaner designatercl herein.
<br />15. Uniform Mortgage; Governing Law; Sevetability. "Phis form of mortgage combines uniform cocenar,ts
<br />fvr national se and non-uniform covenants with }united variations iy jurisdiction to constitute a uniforni secu-
<br />rity instrument covering real property. This \Iortgsge shall is governed by the law of i.lte jurisdiction in which
<br />-the Property is located. In the event that ;uty provision or clause of This Mortgage or the Vote eonfticts with
<br />applicable law, such canftict shall not affect ether provisions of this \lortgage or the Rote whioh can be given
<br />effect tivithottt the conflicting provision, :utri fo 'this end the provisions of the 1lortgaKe <md the Nvie are devlared
<br />to ba severable.
<br />Iii. Borawer's Copy. Borrower shalt be furnished a conformed copy of 'this 3ortgage at the time of execu-
<br />lion or after recordatiot: hereof.
<br />17. Transfer of the Property; Assumption. If all or any part of the Property or an interest therein is sold
<br />or 'transferred iy Borrower without Lender's prior written consent, excluding (aj the erection of a lien or encum-
<br />t~rance suoordinate to this \lortgage. tbj the creation of a purchase money security interest for household sppli-
<br />ances, (c) a transfer iy devise, descent. m• 6y operation of law upon. the dent;~ of a joint: tenant or (d) the, grant of
<br />any leasehold interest of three years or less not containing an option to purchsse, Lender msy, at Lender's option,
<br />declare all 'the scans secured by this \lortgage to be inuuediately due and payable. fender shat] have waived such
<br />option to accelerate if, prior to the sate or transfer, Lender and the persvn to whom the Property is tv be sold or
<br />trarsierred reach agreement in tt•ri±iug that the credit of such persvn is satisfactory to Lender and that the interest
<br />.payable or, the sum: secured by this \lortgage shall be at such rate as Lender shall request. If Lender leas waived
<br />the opt-ion to accelerate provided to this paragraph 17 and ii Borrower ~ successor in interest has executed s writ-
<br />ten assumption agreement accepted in writung by Lender, Lender shall release Borrower from alt obligations under
<br />ti;*.s ~Sorfgage and the Note.
<br />If Lender exercises such option to accelerate; Lender shaiI mail Borrower notice vi acceleration in accordance
<br />=with psrsgraph I# hereof. such splice srtii provide s period of not less than aft days from the, date the notice 4
<br />tne~iied within which [lorrouer uiSy pay the sinus decbu•ed duo. If Borraoteer fsuls to pay sorb .ants priu; to the
<br />expurativr: of suet. period, Lercier may, tritl:vut tt;r~l:,=r rtet.ice yr demand vn Berrvwer, itts`vke any rtimedi?s per-
<br />m:tc.:: iii` parag[aph 18 ierevf.
<br />~.•_ .. u,s~ t L ildtt• T'urtl.t= uo tt •nt..,.;c: tr-tom-c- n ;;~,Il;e.s•-:
<br />ld. AecelQraffan; Remea~fes. Ixcept as pt»yiclcd in l~arttgrfrpit I[ ht=reair tipun Barroti~P ftri.rcit of ant- _
<br />covenant nr agreement of &,n•rutver in this Mort}„agr, uncluding the covenants to pay aficn due an}• sums secured
<br />by this Alortgage, Leniuer ;tripe to acceleration ehaiFina~l.nvtic•e to I3vrt»trcr as provirierl in paragraph 14 hereof
<br />specifying: (li the breach: t21 the action required to pure such hreuelr, t3) a date, nok-less than thirty days
<br />from the d;ae the notice is wailed to Borrower, 6y which such bt•c;tch uutst be curc~f: anti t4i tfrat failure to cure
<br />sut:h breach on or before thz~ dart specified in the uoticc may result in acceleration of the sums secut~l by this
<br />:tlvrtgaga turd sale of the Yru}rcrty. Ii the breach is not cured on or befvt•c tic date specified in the notice, Lender
<br />at Lender's option roar dcYlare a!1 of tic sums se-cured iry° this ~lnetgogr= to ho iuuneduately duo suet payailc =
<br />without furtL•cr demand and uray faux hse thus Mortgage b}• judicial proceeding. Lender shalt he entitled to collect
<br />in such proceeding all exp,nscs of forerlosut'r~. includinl;, but not inutcvi to. cost, of docuutetrtary cyidenec,
<br />abstracts and title r•epnrts.
<br />19, Bariower's Right to Reinstate. ~otwithrutnduttg l.endcr's acceleration of the soots secumd by this
<br />A•So~gage, Borrower shat! have tie right tv have env proeeeclinp:s lrcgun by T..endec to enfon•e this lfortgage dis-
<br />continued at any tiure prior tv entry of a judgment rntorcing this \lortgage if: la) Burrower pays I.vnder alt
<br />awns which would be then due under this Mortgage, the \ote and notes securing Future Advances, if any, had no
<br />acoeierativn occurred; tit Borrower cures all breaches of any other coventutt-. or agt•c~ntents of Burrower can-
<br />-- twined in this t~larcgage; tej Borrower pegs all rt:asvnable expenses incurred by I:ender in enforcing tie covenanter
<br />and agreements of Bart»wer contained in this Mortgage suet in enfv:•ritek I.cndcr'. rentcrdies as provided in pars-
<br />-graph 18 hereof, inoluding, but not limited to, reasonable attorne~•`s tees; and tdt Burrower takes such action as
<br />Lender may reasonably require to assure that the lien of this \lortgage, l.cnder's interest in the Property and
<br />Borrower's obligation to pay the sums secured by this ZSurtgagc shall continue uningtaircKt. upon such payment
<br />xnd cure lty Burrower, ibis ?tlortgage and the obligations secured hereby she-1 rennin in I•ull force and effect as if
<br />no acceleration had occurred.
<br />Z!). Asafgnbnent of Route; Appoustment-of Receiver; Lender its Posseasian, As additional sccuruty here-
<br />• under, Borrower hereby assigns to Lend. rthe ieiits of the ProperK.v: provided- that Borroa`et• shall, prior to acceler-
<br />ation under paragraph 18 hereof or abandonment of the Yronerty, have the right to collect and retain such rents
<br />as they become due and payable.
<br />Upon acceleration under paragri-ph 18 hereof or ahandGnatent of the Property, Lender, in person, by agent-
<br />or by judicially appointed receiver shall Ile entitled to enter upon, take possession of and manage the Property
<br />and io collect the rents of the Property; including those, past due. All rents collected by Lender or the receuver
<br />shall be applied first to payment of the costs of management bi the Yropert~• anti collection of rents, including, tut
<br />not limited to, receiver's fees, i?remiums on receiver's hoods and rcasonal>le attot•ney's tees, and then to the sums
<br />secured by this Mortgage. Lender and the receiver shall he liable to account onh• for those rents actually received.
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