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iv~ C31 zta~t cxcend <rr {posP.I;rone the due r:ati,r eri r,on:~ rrrontl?ly onata!liunertt: refers=~d to in l~~aoragrartlts 1 and i2 4aereof or ahurtge the amount. ttf si€c^lt irustallmcw~>tt's- I0. Ilorrovxer Plot Released. ~h:x~tensiora of tl~tt',• iinae far' l~~ravmcmt or• rasodificatiorr ~of mtrnartiza#,iaru of t~ho Gums s~rcured by rhos :llortgage grast,ted hg I:encfer• to eery successor- in inferrer ,;rf Borratte,r slralll not operate to release, in any manner, the liability of the original Borrower and Borrower's successors in interest. Lender shall not he required to commence proceedings against such successor m• refuse to extend time for payment. or otherwise modify amortization eI the sums secured t>y this Mortgage by reason of ant dem:.nd movie by the original Borrower and Borrower's successors in itterest. Ii. Forbearance by Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or otherwise afforded by applicable law, shall rot be a waiter of or preclude the exercise of any right or reined}• hereunder. The procurement of insurance or the payment of taxes or of-her liens or charges by Lender shall not be a waic•er of Lender's right to accelerate the maturity of the indebtedness secured by this llortgage. i2. Remedies Cumulative. All remedies provided in this llortgage are distinct and cumuiatite to any other right m• rented}- under this _llortgage m afforded be lint' or equit}~- an+i may be exercised cnttcurrentl}-. independ- ently or sucressivel}•. I3. Successors and Assigns Bound; Joint and Several Liability; Capfions. "I`he raven:tats and agreements herein contained shall hind, and the rights ltcreunde.r obeli inure to, the resl+ectivr• sueeescors rand assigns of Lender and Borrcncer, subject to the protisiona of paragraph 1; hereof..al! er?temntts ar.~i agreer.:er,t of Borroccer shalt ix: )aina ,urd actera!. The captions and headings of the Iraragrs{the of this liortga~*c arc for cancenience only aed are not to be used to interpret or define the provisions hereof. i4. Notice. Ant netiec to Borrower psntided for in this llortgage snail ltc rit rtt be mailma =urh notice by certified marl addrrsscd to Borrotrer xt [Ire Property Address sated hrluw. +~xrepr for arc nutter rryuirad under risrsgrvph IS hc•rcof to he giten to $orrotrcr iu the manner ltresenb~~d b.• apltiical,lc tae+~. Any notice nro-.'icied for in thi< llortgage shall he deemed to hart been given to Borrotrer when t;irrn ui tiu• tn:.rtrcr designatcri tcrein. IS. Uniform Mortgage; Governing Law; Severability. 'Chia forn: of ntcrtage co;mbirc~ uniform covenants for not-tonal use and non-uniform covenants with limited tariations by iurisdiction to tomtit-ate a uniform se~u- rity instrurnemt catering real property. This llortgage shall he gmrrned by the iatt° of the jurisdiction in which the Yropert.}• i, :u.~ated. 1n rite event that. any protisior. m- r!ausc of this MartGage nr the Note conflicts with applicable lea. -~.elt conflict shall not affect other Prot-ision= of Chia Mortgage or ~lte Aote t+-hick ran be given effect without <!~, conflicting provision, and to this and the provisions of thi~ Mort~,age and the Note are declared co be severable. iii. nruravPer'S Copy. Borrower shall be furnished a t•ar.farmed cam- of this iiar'cgage at the tune of execa- tion er after recrtrdstior. hereof. 17. Transfer o! the Property; Assumption. If all or any pan of the Property or au interest therein is sold or transferre=d by Borroccer without Lender's prior written consent. excluding tai tt;e cr•aation of a lien or encum- brance suhoniinate to this Mortgage. {b) the creation of a purchase mane}- securt}• interest for household appli- ancas, tcl a transfer by devise. descent or b}^ operation of taw upon the death of a joint tenant ar tdl the grant of any iausehoid interest of three years or lee, not containing am option to purchase, Lender may. ai Lender's option, declare alt rite sums secured b}• this Mortgage to be innnediatch• due end payable. Lender shall hate waived such optior; to accelerate ii, prior to the sate or transier, Lender earl the pr:rson to wham the Property is to ba sold or transferred reach agreement in writing that the credit of such perswt is satistacton- to Lender end that the interest payable on the sums secured by this llortgage shall Ue at sack rate as Lender shall request. II Lender has waived the option to seceierace provided in this paragraph 17 and if Borrower's successor in interest has executed a writ- ten atsurnptien agreeatent accepted in writing by Lender, Lender shall release Borrower f ram alt obligations under this Mortgage and the Note. If Lender exercises sucl: option to accelerate, Lender shall :nail Borrower' notice of sceeleraiiort in accordance .vitlf paragraph I= herco±- such notice shall pratide a period ai toot. le_.~ than 34 Clay. from the crate the notice is mailed u~itltin which Borrotrer may pay the sums declared due Ii Burrower fair to pay such sums prior to the expiration of such perioc_i, Lender may, ttithout further naticc or demand on Borrower, invoke any remedies per- mitted 6y paragraph i$ hcreoi. \o',-I`srrutcsi t-0v-E:<gyTE. Jiorrower acid Lesider iut•tltet• covertartt fret] a~retr ati #ctllu2ss I8. Accele=anon; Remedies. Except ;rs lsrarided i+t par:=gt•<tltl; 17 hcroa', ul>un Borruwrr`~: k>reac.h of any covenant or agreement of Borrotrer in this llortgage, including rho cotenants tit pa} when dur any Burns seeureri by this llortgage, Lender prior us urerleratirnt shall mail not~ec ta-I3orrotsr~r as protidrd in paragraph 14 hereof a spacif}•ing: t11 the breach; t'?t the action vettuu•tai to eure,suclr firG9ciit t3;} a date, not le=s than thin-y days from t-he tiatc the naticc i~ r;tailed m Borrotrer, by u~hickt inch lzrit}ch)ry}uG.he c.ut<ed: end t41 that failure to cure such ln•eat•h mr or before rite date specified in the nutter may result in acceleration of the sums secured by this V~Iortguge and sole of the Property. If the breach is not cured or: or before the date specified in the naticc. Lander at Lender's option mat declare all at the .urns securer{ I,ty this Mortgage ro be immediately dur and payable kvithout. further demand anti may foreclose this llortgage by judicial proceeding. Lender shall Ire entitled to collect in such ptroceeding all exl~,anses of Foreclosure, iuchuliug, but not liutitrd to, goats of docunx+ntary evidence, abstraet~ and title reI•orts. 19. Hosower's Right to Reinstate. Notttithstanrliug Lender's uceclcration of the stints secured by this Mortgage, Borrower shall have the right to have any proceedings begun by Lander to cnforec this llortgage dis- continued at any time prior to entry of a judgment rnfoxcing this llortgage if; tat Borrower paya Lender all sums which would be thou due under this llortgage, the NoCr and notes securing future Advances, if any, had no acceleration oocurred; (h) Barrawcr cures alt breaches of any other cotenants or agrcentents of Bw•rowar con- tairiet-4 irr this ',Iortgage; fc) Borrower paya ati reaaonabtc cxpemses inetrrrr~`i by ],ender to enforeirtg the Caveriant,s and agreements of Borrower contained in this \-tortgage end in entering I,emfer's remedies us ltmtidcd itt ptara- graph 18 hereof, including, but not limited to, reasonable attorney's tees; and tdl Borrower takes such action as lender may reasonably require to assure that the lien of this Mortgage. Lender's interest in the Property and Borrower's obligation to pay the some secured by this llortgage shall continuo unimpaired. Ispat such payment. and cure by Borrower, this llortgage and the obligations secured hereby shall remain in full force and effect. us if no acceleration had occurred. 20, Assignment of Rents; Appaint~.ettt of $eceiver: Lender in Posaesaioa. As additional security here- under, Borrower hereby assigns to Lender the rents of the Property. provided that Borrower shad, prior to acceler- ation under paragraph 18 hereof or abandonment of the Ymperty, have the right to collect and retain such runts as they become due and payable. Upon acceleration under paragraph 18 hereof or abandonment of the Property, bender, in person, by agent or by judicially appointed receiver shall be entitled to enter upon, take possession of and manage the Property and to collect the rents of the Property, including those past due. All rents collected by Lender or the receiver -shall be applied first to payment of the costs of management of the Property and collection of rents. including, but not limited to, receiver's fees, premiums on receiver's bonds and reasonable attorney's fees. •ux3 then to the sums secured by this llortgage. Lender and the receiver shall he liatble to account only for thosr rents actually received.