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pat e'xrxnd or post-pone the duo dater of the :nontl~dv itisfi;'illrnryntr ~-t~r'~rrreei to in para,g'raphs ] ttnd 2 hereaf ar
<br />change the amount of such instatlsnents.
<br />I0. Borrgwer Not Released: F~xt'ensign off the tune for lpa}•ment ar cnadificatian of amorfazation of the sutrss
<br />secured by this Mortgage granted'~lrp Ii,.ender ~to any succ~ers~or~ in interest of Bort•owe€• ::,ktall nat. operate to release,
<br />in any scanner; the liabilit}° of the original Borrower and Bcrrower3 successors in interest. Lender shall not be
<br />required to commence proceedings against suds successor or refuge co extend time for payment or otherr„se modify
<br />amortization of the sums secured by this Mortgage by.reason of an~• demand made by the original Borrower and
<br />Borrower's successors in interest.
<br />IL Forbearance by Lender Not a Waiver. any forbearance by Lender in exercising any right or remedy
<br />hereunder, or other++•ise atTorded by applicable la+v, shall net he a u•ai-.•er 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 by Lender
<br />~ shalt not he s waiver of Lender's right to accelerate the maturity of the indebtedness secured by this 'Mortgage.
<br />IZ. Remedies Cumulative. All remedies provided in this \lortgage are distinct. and cumulative to any other
<br />right or remedy under ibis \Im•tgage or afforded by law or trquity. and may he exercised concurrently, independ-
<br />ently or suceessiveh•.
<br />~ 13. Successors and Assigns Bound; Ioint and Several Liability; Captions. The envenants and agreements
<br />O herein captained shall bind, and the rights hereunder shall inure to, t.hc respective successors and assigns of Lender
<br />and Borrower, stbject to the provisiora of paragraph 17 hert:of.:11I covenants and agreements of Borrower shall
<br />be joint and several. 'phe captions and headings of dte paragraphs of this \lortgage art= ib: eum-enicnce on1}• and
<br />~ see not t.o be used to interpret or define the provisions 1±tu•enf.
<br />Il• 14. Notice. An}~ notice to Borrower provided for in thss \los•tgage shall Le girea by mailing <uch Holier by
<br />certified mail addressed to Bor•o++'er at fire Property .address suucd below. vscept fa• suv notice re^quired under
<br />.paragraph 1S hereof to be given to Bm•roe~er in the usanner prescribed by aplcGenble L•sw. Anv uotire provided
<br />for in this Alortgage shall he deetued to have been given to Borrower +ehen };ivcn in the ntanner designated herein.
<br />15. Uniform Mortgage; Governing Law; Severability. This form of usorgage combines uniform covenants
<br />[or pat-tonal use and non-uniform covenants with limited variations lay jurisdiction to constitute a uniform secu-
<br />rity instrument covering real property. This \Ios•tgage shall be governed by the la+v of the jurisdiction in which
<br />the Property is leveled. In the event that any provision or clause of this V'lortgage or the Note confticta with
<br />applicable la+v, ~uc{t conHiet shall pat affect other provision: of this Alortgage m• the Note which can be given
<br />eftect without tl:c conflicting provision, and to this end the provisions of thu !lortgage and the Note are declared
<br />io be severable.
<br />IS. Be*r~wer's Cop; Borrower s!sall rte furnislteti a COi`.taCnrf-d COp}• Of this \iortgrge at the time; of execu-
<br />tion or aftEr recordation hereof.
<br />17. Transfer of the Property; Assumption. If all or sn}• part of the Property or an interest therein is sold
<br />or transferred b}• Borrower without Lender's prior written consent, excluding (a) the creation of a lien or eneum-
<br />brance subcrdinate to thislfortgage. i.61 the creation of a purchase ntoaey security interest for household appli-
<br />ances, (c) a transfer by devise, descent m• 6y olteratiou of la+r upon the death of a joint tenant or (d) the grant of
<br />any leasehold interest of three years or less rot containing an option to purchase, Lender may. at Lender's option,
<br />declare all the sums secured by this \lortgage to be innuediatoly due and payable. Lender shall have waived such
<br />option to accelerate if, prior to the sale or transfer, Lender and the person to whom the Property is to be sold or
<br />transferred reach agreement. in writing that the credit of such person is satisfactory to Lender and that the interest
<br />• payable on the sums secured by this 1lorfgsge shall be at such rate as ~Lrnc~er shall request Ii Lender has waived
<br />the option to accelerate provided in this paragraph 17 and if Borrower's successor in interest has executeel a writ-
<br />ten assumption agreement accepted in writing by lender, Lender shall release Borrower from all obligations under
<br />this Mortgage and the Note.
<br />If Lender exercises such option to accelerate, Lender shall maiE Borrower notice of acceleration in accordance
<br />with paragraph 1~ hereof. gush notice .hall provide a period of not less thast 3b days from rho date- th€ notitae is
<br />mailed a•itisln which Haxrow•er may pn}• the suuss declared duc•. If Borrower fails to pray such sums prior to the
<br />expiratien of such }aeriotl, Lender stray. +vithoui [mdhcr notice ar demand on I3'orrmver. invoke any remedies per-
<br />mitted by paragraph la hereof.
<br />Nc~x-I~sr€rtr;~t t'avr.;:sn'rs. I',nrra+ver and Lender £us=thrr eavcnnnt and ag'rcc~ a folknes:
<br />18. Acceleration; Remedies. Fseeps al.. provided in puragrsiil; l; Itcree~2_ u;;ers Horrower', breach cxf any
<br />eavanaut of ugra•cnrestt of Borroa-rr in this ~lctrsgagc• including cite eovenauts to pap n hen due any sums securc<1
<br />by this Mortgage, lendc~• prior to sccelcrutioss shall oral! nonce to Borrower as provided in paragraph 14 hereof
<br />specif}•ing: ~ 11 the brnru•h: i'il the action reciuirc~d to ctu'o such breach; I:il a dab=, not less thine dtirh~ dav_-
<br />from the ciao' for notice i~ utsiled to l3urrmcer, by wlsich surf. brc:u'h nmst 6c cured; and t~}i that faihu•c to cure
<br />Hoch breach ort or before the dote specified in the notice pray result iu acceleration of the .outs sccurccl by this
<br />'~fortguge and sale at the Yropert-y. if the breach is pat cured ust ur Irefurc the d:ue specified in the notice, tender
<br />at Lender's option nsa}• derlar+~ ctll of the w.u, ~ecurvcl Lv [ht, Marttmge to be imuu~tiisnteh• due turd tcavubh•
<br />without further slcnsand and soar forerlusc this Mottgat;c 6r judictul lnroceediug. Lender chair 6e entiticcl to ecallrct
<br />its such proceedink all c~pen,es of inrcelosurc, un°lu~hug, but not b;uitcd tu. costs of riormneutarv ~~~'i+lenrr,
<br />sibst.nztcts :and 'title rcport~. •
<br />I9. Borrower's Right to Reinaiate. Xut++ithskuuling Leader's ucceh•ratiau of rite auu.• secured by this
<br />~1art-gage, Barrawer shall ha+•e flee right to havtt an}• prootetltngs het;un try Lender to cnfarr.~ this Alortgage .itr=-
<br />continued at env time prier to entry of ss judgutcut vnforcinr; thss \lortgage it: sus Bor•awor bays Lender alt
<br />cams which would he then due under this Mortgage, the Note stud notes securing Future Advances, if any, !sect rro
<br />acceleraticn occurred; t61 Borrower curc+ all i,rcachrs of guy other eoren:ttsts or agreeusents of Barrawer con-
<br />tained in this Aiartgagc; t-ct Borrower patis utl rA~nsanuhh• txpt~na~ iurnrrr=;t 1~~' lcnttor in enforciaxg th*• eo~•enantu
<br />and agreements of Borrower contained in this Alortgaage and su euiort=ht;; Lro;lers st a odic=s as irravidted in pare-
<br />graph IL3 hen of, including, !tut not limited ta, renson:t!>]r autuney`s fees; turd nit Borrou•cr take=s such :action as
<br />Lender may reasonably require to assure that the lien of this Alorgage. Lender's interest in the= Yropcrty acrd
<br />13arrower's obligation to par the sums secured lay chi- Mor:gag~~ shall cootissuc uainnpssired. L';uxt such pa}°nrent
<br />and cure b}• Bot•roa•er, this Mortgage and rite obligations secured hereby shall ntruain in furl force anti effect. as if
<br />no acceleration had oeeurred-
<br />20. Resitgrrmeat of liu~ts; Appointment of Receiver: Lender in Possession. As additional security here-
<br />under,Borrower hereby assigns to Lend~.c the rents of the Property. pro+'ided that Harrower shall, prier to acceler-
<br />ation under paragrnph lA hereof or abandonment of the Proterty, have the right to collect and retain such rents
<br />ae they become due and payable.
<br />t}pop acceleration under paragraph IA hereof or abandonment al the Yropertr, Lender, in person, by agent
<br />or by judicially sppointeci receiver shall be entitled to canter upon, take possessiecs of and manage rho 1'rolaerty
<br />and to collect the rents of the Property, including those past due. All rc=nts collected by I.en<ler ar rite receiver
<br />shall be applied first to payment of the casts of management of the Property zus,l collection of rents, including, but
<br />not limited to, receiver's tees, tarentiunts an eceiver'. bona!- and rcasnnuhlr uttornev's fees. anti then to the sum.
<br />secured by this yfortgage. 7.,ender and the receiver shall be habk to account only for thost• rents ;u•tualh- received.
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