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sat +'sxY:end yr l~,ost;por:e the cote date. of tlt~e tnosrt~krly i~rra~dalitttr•e ~ r,~,fe~rrrd to 'it: paragralshs•~ 1 ands 2 l~r~ervof or
<br />cluan,ge~ tae amvuntl~ haf suePa installment,:;,
<br />10.. Bottower Nn~t Released. ~xtettsivn tirf tha~rt5tnr 4'ar lloayment on• r~nvc~iificat"son of aenortiz:ation: of 4~~Ir~a rascals
<br />~~sE°.cur°~edhy khis~~l'vrt~rage gr<:nted by T~ende~r t~,a any s~nrrt~wssar i,n interest ref Q;vrro=,x•er ahaJ'~l caul vl~terati;t to rele~as~e,
<br />in any manner, the liability of the original Burrower and Bon-va-cr's successors in interest, Lender _hali not be
<br />required to commence proceedings sgainst such successor or refuse to extend time for payment or otherwise modify
<br />amortizaiion of the surus secured by this Mortgage by reason of nny den?snd made by the original Borrvwer and
<br />Borrower's successors in interest.
<br />I1. Forbearance by Lender Not a Waiver. An ~= forbearance by Lender in exercising any right or remedy
<br />hereunder, or otherwise afforded by applicable law, sl:ait not be a waiver of or preclude ttre 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 be to waiver of Lender's right to accelerate the maturity of the indebtedness secured 6y this liortgage.
<br />12. Remedies Cumulative. Ail remedies ptroc•ideri in this Mortgage are distinct and etnnulative to env other
<br />right. or remedy under this Mortgage m• afforded by law or egnin-- and utay be exercised concurrently. independ-
<br />~ entry or successively-
<br />13, Successors and Assigns Bound; Joint and Several Liability; Captions. The corenants and agreements
<br />M herein contained sttsll bind. and tl:e rights i:ereunder shall irnrc to, tits respective successors and assigns of Lender
<br />P„fl and Borrou•er.,uh.ect to the procisiotr of paragraph I; ltereoC :111 covenant, and agree=nests of Borrower shall
<br />~ he joint and ~eceral. The captions and L-eadings of the parsgraplt_s of this Alortgnge arc for com•enience only and
<br />® pre not to he used to mterprer or define tC,c hrovtsivns i:ereof.
<br />I4. Notice. dny tuxiee to Bnao:cer ~n•o:•i,led for in thin \lurtgage shall be given by- mailing such notice by
<br />zcrtihc t n, ui sd, ~ -yeti to t3urt'otti~er :u tht• Yropct•ty .1.idre~~ si tted below except for any notice required under
<br />~ r,zragrtut~ 7t+ he rot ra be : ~-.• to Borro:tr: m the uumncr prescribed by applicnblc ht::- Apr notice provided
<br />`ior in this ~lortgagv ~imi1 b,~ de~~amd to have hcon given to Borrower when given m the usauner designated herein.
<br />15, Ilnifarm Mortgage: Governing Law; Severability. This ions of tortgage combine. uniform covenants
<br />for national ~.~_ • .end non-ur<iiorm covenant-~ with limited :•ariations by jurisdiction to constitute a uniform secu-
<br />rity instrument , nverinf: real prupe,.rty. 'flus yFm•igage shall be governed by the iau~ n; the jurisdiction in which
<br />the Property ,> ~~•~°aur: l,: rno event ti,at any pro:•ision or clause of this Mortgage or else fiote contiicts with
<br />altpiicablc• lat+ - :<~i~ rat:?lief .hnl: not slicer other provisions of this .Mortgage er the \ote which can be given
<br />effect:vithou:.r_: cctn±icting prnvL,ivn, acrd to this end t-he provisions of the Mortgage and the lisle are declared
<br />cv be severable,
<br />iti. Baron=er's Capy. lsvrrv::•cr shall 6e furnished a contornted copy of this tlvrigage xt the time of execu-
<br />tion or afier recc=rdataon hcreoi.
<br />I7. Transfer of the Property; Assumption. If alt or any- part of the Property or an interest therein is sold
<br />or t.ransferre,i by Borrower ::•ithout Lender's prior written consent, excluding fai tE:e creation of a lien or encum-
<br />brance subordinntc r~ this 3ivr<gagc, tl,t ehc creation o£ a purchase mono: security interest for f:ousehvld a~ppli-
<br />sneer, tej a transfer by devise. descent ur i»• operation of law- upon the death of :: joint tenant or td i the grant of
<br />spy leasehold interest of three years m les-~ not containing an option to purchase, Ixnder may. st- Lender's npY.ion,
<br />declare all the sums secured by this Mortgage to 6c immediately due and payable. Lander shah have waived such
<br />opiian to accelerate ii, prior to the sale a• transfer, Lender and the pet-son to whout the Property is to be sold or
<br />transferred reach agreement in ceritin, that the crEdit of such person is satisfacton- to Lender and that the interest
<br />payable an the >ums secured by this Mortgage shall be :a suel; rate :~ Lender shall request. Ii Lender has waived
<br />the option to accelerate provided in this paragrapi: 17 :and ii Borro:cer`s sucressa• in interest has c_eecuted a writ-
<br />ten assumption agreement act•epted in writing by Lender. I:c=rider shall releaso Borrox°r from al! obligations under
<br />this iblortgage and the :Vote.
<br />If Lender exercises si;clr aptian to accelcr:atc. Lender shall mail Borrower notice of acceleration in accotdant:e
<br />:: ith pac:,grxl.h 1~ i.rreai ._.,:lt n.att t_ :l,w.; ,,=v: left- s la-rir~l v; ,n .:i:s than 3t} ttsys i:nnt the riatc• thhce Holier, is
<br />malted within w}:ich Borrower ru::}• pay *.he sums deciare,l dec. If Llorrowcr fair to pay such runts prior to the
<br />expiratiorr of _,uclr period: Leader may. a'ithuuk fut•tl!e•r ratite or derrutnd on Borrvwer. invoke env remedies per-
<br />tnitted by paragraph 18 heaeef.
<br />_t__ ~. x .crve.,_..._ ~,., it:rt•cse4:~r attd a.:de:• ut lu3r t•.t:•e:t.3nt ntu a vt ak
<br />1$. Aec~letation; 1{umadiob. 'r.'.x.°t°pi .ts p:~,zi(e.ti in i,;rrtgrri,lr i', n~~~cor, ttran i~vrrowr•r' hrri.irh of anz•
<br />covenant or ftgreemeut of Bon•o:ccr in tires Mortgage, including the coveuauts tv pay ::'hen due any sums secured
<br />ity this Mortgage, Lender prior to accrlerntiou shall m;ril natiee tv Borrotmr as pry: idcri in paragraph 1§ hereof
<br />specifying: I1) the breach; 1'l) the nctivn rcyuit•ed to cum such bta•aela; (3r s ,late. not less than thirty clays
<br />from the d:ue tern retire i= mailed tv Iorrower, l)y which suds breac•Ir must be cured; sn,l ±~) tlcrt failure to cure
<br />,ueh f>reach on or before the date specified in thr notice may result in necclcratiotr of *.he sums secured by this
<br />ortgage atnd sale of the Propert}'. tF the breach is nut cured vn or 6etiore the date specifird in tiu• notice, Lender
<br />at Lender's option may dec{arc all of the sum..; secured 6y the Slort-gage tzi be immcdiatch• dui rani payable
<br />without further drntand and tray foreclose this \lortgnge he judiria( pt•oceeding. Lenitcr shall bit eniittod tv rollaet
<br />in noel': tn•vcceding all c.epenses vi foreclosure, inchxling• hu[ not liuuted to, casts of dncuraetttary evideu±•?,
<br />rabstracts nail title reports.
<br />19. Borrower's Right to Reinstate. ~otwithst;uuiing l.ender•s acreicration of the stuns secured by this
<br />blartgage, Borrower shall have the right tv have any proceeding. begun by Lendt•t• to enforce chin Mortgage dis-
<br />evntinued at any tune prior to entry of a judgment enforcing this \lortgnge if: lal BUPt'OwCF pays Lender a}I
<br />sums which would be then due under this ~tottgage, the :Vote and notes securing Future Advances, if any. had no
<br />acceleration accurrcd; 16) Borrvwer cures all 6reaclics oi" any other covrnnnts or agreements of Harrower con-
<br />tained in this ivlortgage; t`c1 Borrower pays all reasotrabie expenses ins--erred by J.ernier in enforcing fhc eovt-Hants
<br />and agreements of Borrower contained in this \lortgnge and its cnforeing Lender's rrmr--dies us provided in para-
<br />~raph I8 hereof, including, taut not limited to, reasonable attorney's let',; and fill Borrower takes such action as
<br />.Lender may rnaaonably require to assure that the. lien of this Mortgage, Lender's interest. in the Property and
<br />Borrower's obligation to pay the sums secured by this \lortgnge shnli continue unimpaired. upon such payment
<br />and cure by Borrower, this 1•Jortgage and the ob}igatiot.s secured herelrv shall remain in full force anti effect as if
<br />no aviceleration had occurred.
<br />70. Assignment of Recta; Appoia!ment of Receiver; Leadex in Possession. As additional security here-
<br />- under, Borrower hernby assigns to Lender the rents of the Projerty, pradided that Horroiver shall, prior to acceler-
<br />ation under paragraph 18 hereof ar abandonment of the Property, have the right to collect and retain such rents
<br />as they become due and payable.
<br />Upon acceleration under paragraph lA lterevf or abandonment of the Property, Lender, in person, by agent
<br />or by judicially appointed receiver shall be entitled tv enter upon, take possession of and msnage the Property
<br />and to collect the rents of the Yroperty,ineluding those: past due. A11 rents collected by Lender ar the receiver
<br />shall be applied first to payment of the coats of management of the Property and collection of rent.. inch ding, but
<br />not limited t.o, receiver's fees, lxetniums on receiver's bonds and reasonable attorney's fees. and then to the sums
<br />secured by this Mortgage. Lender and the receiver shall be liable to account onh• for the°. rents achralh• rceeired.
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