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<br />w
<br />not extend or posd,gaane t'~he t',lue r,latel at rr,i.c n:owtthl}- lust eh'mrt~=~t'ats ac catcall t~~ ;hen y;az;ugrapl~us I wand ? hereok• ar
<br />ct;ange the an;ount of sorb installgrrents.
<br />~~ 10. Borrower Not Released h;zten loco of tl~e trine ftzr pav~tuent ar rnadtfur allots Err tunaartizati,ran of the sums
<br />secured by tlu \irai±g gc graa;ted by I.s.ttrlet'ta stn try e>.w=ar in intere ' <'rf Borrower sl;all trnt operate to release,
<br />~ in anv n+an ter, the: habtlrty +rt tht aiigir;al Borrower and -3arrueti•cr - successor: in interest. I.etrder sPzal3 not be
<br />required to commence. proceechngs against such successor m efusc to extend time for payment or othern•ise modify
<br />ar..art,zatiorz of i.he sump „ecured b~- tills \lortgagc I,y reason of snv demand made by the original Harrower and
<br />Borrower's successors in interest.
<br />Q] t 1 t. Forbearance by Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy
<br />Q(^ hereunder, ar otiierivise afforded Gy applicable ian•, shall not be a waiver of or preclude the exercise of any right.
<br />or rc .led}• ereunder. Tize procurement of insurance or the },ayment of taxes or other liens or charges by Lender
<br />shall not be a rcaicer of Lender's right to accelerate the maturity of ate indebtedness secured by this 34ortgage.
<br />12. Remedies Cumulative. A11 remedies provided in this \lortgagc arc distinct and cumulative to any other
<br />right- or rented} under this Mortgage or afforded by lair ar cgttit-~-. and may he esemisett concurrently, independ-
<br />ently arsuceessivcly.
<br />13. $ucccessors and Assigns Bound; Joint and Several Liability; Captions. The covenants and agreement;
<br />herein contained shall bind, and the rights hereunder steal! inure to. rtes respective successors and assigns of Lender
<br />and Borroticer. subject to the provisions ot` paragraph 7 i hereoC. ,~11 covenants and agreements of Borrower shall
<br />be joint nod several. "The captions and headings of the paragraphs of this Alorkgage arc for vonvenience only and
<br />_ w ~ are not to be used to interpret ar define the provisions hereof.
<br />~ 24. Notice. 9n1• riot-ice to Borrower providedt for in this ]Eurtg:age siutli be given he mai{ing such notice by
<br />certitied mail addressed to Borrower nt the Property yddress rutted below, rxcep[ for any notice required under
<br />paragraph IS hereof to be given to Bm-rower in the manner prescribed izy xpp!icahle law. Any notice provided
<br />iorin ihi; AIortgsge;hall be deemed to base b^en giceu to Borroter ahcn given in t-hc manner design:-teed herein.
<br />' 15, Uniform Mortgage; Governing Law: Severability. 'Phi.: fonu of rortgage combines uniform covenants
<br />j for national use and non-uniform covenants with limited •; ariatious by jurisdiction to constitute a uniform secu-
<br />rity instrmneut covering real property. Thisl~ortgag~ shall be governed b~- the- ]at+• of the jurisdiction in which
<br />the Property is located. In rtes event That any provision or clause of this \lart.gage or the Note conflicts with
<br />applicable law, such conflict shall not. sffeci other provisions of this Mm•tgage ort-he Note which can be given
<br />effect without the conflicting provision, and to this end the provisions of the Mortgage and the Note are declared
<br />to be severable.
<br />r I6. Borrawei s Copy. Borrower shall be furnished a conformed cony of this Mortgage at the time of execu-
<br />i tiorr or alter recordation izereof.
<br />I` i7. Transfer of the Property; Assumption: If all or any part of the Property or an interest therai^ is sold
<br />j or transferred by- Borrawer without Lender's prior written consent. excluding (al the creation of a lien. or encum-
<br />` brance subordinate to this Mortgage. lb' the creation of a purchase money security interest. for household appli-
<br />,~ anew, (cj at transfer by devise, descent m• by operation of la;v upon tEte death of a joint. ±enant or dl the rani of
<br />~ g
<br />~ any Leasehold interest of three years or lets not containiu}; un option to pu~chasc, Lender may, at Lender's option,
<br />j eleclatre aEl the runts secured by this 1Scxtgage to be innnediateh• due and }ra~•ablt;. Lender shall have waived sugh
<br />1 ~optian fo accelerato if, pnor to the sale or transfer, Lender and the l;erson to whom fhe 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 en the sums secured by this \lortgagc shall be ut such rate ss Lender sl;all request. If Lender has waived
<br />the option. to accelerate provided iiz this paragraph 1 i and if Borrott•er's successor in interest has exeeated a writ-
<br />ten assumption agreement accepted in writing by Lender, Lender shall release Borrower Iron ell ahligacions under
<br />this iortgage and the Note.
<br />If Lender exercises such option to accelerate, Lender shall mail Borrower notice of acceleration iu accordance
<br />with paragraph 1~ henot. ~ueli notice shalt provide a period ai Hat Icss than 3q days from t-he dart= ttlue nafiae is
<br />mailt>d witl;in ;t~hicl Borra:vrr m>.iv pay rtes gums declared doe. If Borrower fail hz pa}• such runts prior to t-he
<br />respiration ai such period, Lender way. without fuz-ther notice or demand ar. B~arroi~or, inti•ake anc remndiea per-
<br />nzitterd by }~aragrtph !tl hereof.
<br />i,~-C•titr'•:.r;+t t;rs~k;~as•r. Rot•ro'<rer and Lentirn' furthr=r eovtmnnt a»d s;rett as tolloars:
<br />Ig. Accelerations Remedies. F.xrcpt as procidcd in parar.tpl, }7 hereof- up~,n Barro;ver:~ hrc~.trlt of anv
<br />- covenant or agrrciucnt of !?nrro;vct• lit till., A{ortg,tc, . ine haling t6r• covenants tt pay tvhcn aloe :ut}• >unts accarcc#
<br />by this \lortgagc, Leu+'ie=~ l,rwur to accoh~r,aion shall ut:iil :tortes tr, Borrurso!~ s l,ruvrderi m paragraph }{ hereof
<br />specifying: ill the brearli. i21 the action inquired to cure such breath: tai :~+]ntc. not lesx than thin}• days
<br />trout tht• data rtes Holier is uurilcd to Iiurrutver. by e bleb such hreaclt must be curet: . sad i#w that failure to cure
<br />such breach on or before the dolt .pacified ht t6c notice m:ty restalt ~in aecetcratis~i~ of tl:r stun-. secured by thd~
<br />\lortgagc antl sale of the i'roperty. if rite breach is Hat c-ur~l nn or beiurr rtes ~iat+• spcwciried m the notice, Lender
<br />. at Lenders option may +tr+•lurc all u4 thr sunws u~~ured by tlnn Jiortp;age tv .,r ntnncdrarel~• der anti payabit
<br />without fut•thar demand and may iot•cclose this \law•tgnge by ,milciai prorcv=.ttnF Lcnrier shalt 6e entitled to collect
<br />in such procei•ding ell expense. of iorrrlosure. ute•luding. hm not lumt,~..t u,. etch of ,]oruutanuuv evidence.
<br />- abstract:: and title roport>. -
<br />- I8. Borrower's Right to Reinstate. A'oheitlstsnding l.eadcr~ arcelarauon of the sums serum±l by lbws
<br />-- ?ilortgage, Borrawer ;,hall have rtes' right to hair arty l~,raceeding~ b,igun h}- 1,:~ndcr to enforce this ;tlortgsge air-
<br />- continued at. any time prior to entry at` a jueigment enf~rmg this ~lort}spp rf: tsw Borrower }rays lender alt
<br />soma which would he then due tmdez• Phis \tort[;a};c. rtes Noa^ and ro*•rs securing Ftnurr advanecs, if anc, had no
<br />acenleraticxi occurred; ih) Burrower cures all hrt^aches t>f .uty other rutcnants or at;recrn~~nts of Harrower eau-
<br />= rained in this Mortgage; tel Harrower pa}`s al] n•asunablc ei}t ses uri irrt^el !,v I r rde•r it= r~erforrtng thY cuvrn-nts
<br />and agreemente; of Borrower contained in flu- Alurt;;agr anr~ 't: ettt'owe t tt, Le::=1er•- resnterii€^s a: pmcir#ed in par-
<br />graph 18 hereof, including, hut. not limited ta, rettsrnisblc sttarney-= fees: and ids Burrower take. such action as
<br />Lender may reasonably require to assure that rtes lien of this \lortgagc, Lender'. interest in the Property sod
<br />__ Borrower's obligaeion to pay the sums secures! by this Mortgage slratl cantinui~ unimpaired. upon such payment
<br />-and cure by Borrower, this lfortgage and the obligations secured hereby shall rcuiain in full im•ce and effect as if
<br />-- - eo acceleration had occurred.
<br />20. Assignment of RMnts; Appoiatmeat of Receiver, Lender in Possession. As additional security here-
<br />under, $orrawer hereby assigns to Lender the rents of the Property, }n•ovided thst Borrawer shall, prior to acceler-
<br />' orlon under paragraph I8 hereof or abandonment of the Property, have the right to collect and retsin such rents
<br />as they become due and paysble.
<br />Upon acceleration under paragraph 18 hereof ar sbaardonnzent of the Property. Lender, in person, by sgent
<br />or by judicially appointed receiver shall he entitled to enter upon, take possession of and manage the Fropert.y
<br />and to collect the rents of the Property, including those past due..~il rents collceteci by Lender or the receiver
<br />shalt be applied first to payment of the casts of management of the Property-and collection of cents, including, tent
<br />not limited to, receiver's fees, premiums on receive;', bonds and reasonable attorne v's fees, and then to the soots
<br />secured by this Mortgage. bender and the receiver shall he liable to account only for those rents actualh• received.
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