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,_.,-.a~ -- - - 1 - r - + ~'t not extend or postpone the due date of the monthly instalhneuts referred to in paragraphs 1 and 2 hereof or change the amount of such installments. iQ. Borrower Not Released. Extension of the time for ps}-meat or modification of amortization of the sums secured by this Mortgage granted by bender to any successor in inures[ of Bormwer shall not operate to release, in any manner, the liability of the original Borrower and Sorratccr's successors in interest. Lender shall not be required to commence proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the sums secured by thisliortgage by reason of snc demand made by the original Borrower and Borrower's successors in interest. Ii. Forbearance by Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or othencise afforded by applicable late. stall nai be a waiver of or preclude the exercise of any right or remedy hereunder. The procurement of insurance or the payment of ta:ces or other liens or charges by Lender sha}I not bo a waiter of Lender's right. to accelerate the maturity of the indebtednesc_ secured by this _`-Mortgage. 12. Remedies Cumulative. All remedies provided in this Mortgage are distinct and cumulative to any other right or remedy under this .iortgage or afforded by law or equity, and may be exercised concurrently, independ- entiv or successively. 13. Successors and Assigns Bound: Ioint and Several Liability: Captions. The covenants and agreements herein contained shslI bind, and the rights hereunder .hall inure to. the respectiyc successors and assigns of Lender ~ and Borrower, subject to the provisions of paragraph t i hereot. all covenants and agreements of Borrower shall be joint and secersl. The caption and heading= oC the paragraphs of this Mortgage arc for convenience only and are not to be used to interpret er define the provisions ltereoi. IA. Notice. Any notice to Borrower provided far in this \Iortaage shall he given by mailing such notice b}• s ~ cetified mail addressed to Borrower at the Propert}• dddrets stated helou-, except io:• any aorce required under paragraph I$ hereof to be given to Borrower m the manner prescribed Ly apphcahle lain. Any natiec provided for in tail Mortgage shall ire deeaned to hate been given to Btu rower when giycn in rite manner designated herein. 15. ITniform Mortgage; Governing Law; Sevezability. This ierm of mortgage combines uniform covenants for national use and non-unifarm covenants with limited caristions b}' jurisdiction to constitute a uniform seeu- ~ rity instrument covering real property. Tltis \iortgage shat! be goventec] br the lain of the jurisdiction in which rite Property is located. In the event that any provision m- clause of this \iortgage or the Note conflicts with agpi;cebie .uF: °':h °wi+q'et. Shall ' „ affect ~~ l;e° ' .,. ...._ this 11 "rtgage ^r 4he Ntfn ,~-hi+.l, __n ha oj~+en affect without the conflicting provision, snd to this end the provisions of the .Mortgage and the Note are declared to be severable. I& Borrower's Copy. Borrower shall be furnishetf a conformed copy of this \iortgage at. the time of e::e+'a- tion or after recordation hereof. 17, Trmtafer of the Property: Assumption. Ii all or any part of flee Property or an interest therein is sold er tranaierred by Borrower withoui Lender's prior writter. consent, excluding sal the cresiion of a lien or encum- brance subordinate to this \Iongage. tb i the creation of s purchae money security interest for household appli- ance`, tc) a transfer by devise, descent or 6c• operation of law upor. the death of a joini tenant. or td) the grant of any leasehold interest of three years or lest not containing sn option to purchase, Lender ma^, st Lender's option, declare all the stim€ secured by this \iorigage is be immediately due and payable. Lender shall have traived such option to aeceferate ii, prior to the sale or trsnsier, Lender and the person to whom the Property is to be sold or iransierted reach agreement in writing that else credit of such person is satisfactot~• to Lender and that the interest payable rat the sums secured by this ~iertgage shall be at such rate as Lender shall request. If Lender has waived the option io accelerate provided in this paragraph 2; snd it Borrower's succes;•.ar in interest has executed a writ- ten assumption agreement accepted in writing by Lender, Lender shall release Borrower from all obligations under this Mortgage sad the Ivoie. If l.endet axeriser such option to accelerate, Lender shalt mail Borrower notice of sceeieration in accordance udth paragraph 14 hereof. ~ttcit notice shall provide s g+eriai of pat Icss thaw 3fY dsvs imm the darn the notice is mailed withitc u•hith Harrower may gray the stems declared due. If Bozron•er isi'.s to par wch sun:.< prior to the expiration ai such p~*iod, lender tnsv, without iurtlter natiec ar detnan d on Borrower, inc,ke :.any remedies per- taitied by paragraph i$ hereot_ ~Tav-L~Trrgeazu Locxxtitira Fiarrawer and Lender further eevenant anal agree a. fallow-s: I& Actrel~alion: Remedies. E.icept s. prayided in paragrapl+ t; hereof. ugx~n Barrowe.*'s breach of any co~~nsat or agteetuent ai Bormwer in this liortgagc including the royenat;ts to pay when due any runts secured by this \iortgage, Leader lrrior to atreleration shah maul natic~ to Btumuti•r as pruridt•.i in laaragraph 14 hetroi specifying; ;Il the breach; t2i the action rrquirc~rf to cure street bnsch; t31 a date, not less tf:an thirty dayz fmm the date the rotire is mailed to Borrower_ Lc ~chielt such 6n~ h must be-cured ; and +4 g shat tsllmr to cure such breach on or before the date specified in the roti M Wray tt'tuit in seceleration ei the stuns secured by this lias+_gagZ at+d sale of the P_roperfy. Ii tk;e breach is not cumi or. or lxfote the date specified in tlzc notice. Lender at Lender's option tnav declam all of the stuns teeured by this \iortgage to he inunetiistely due and payable uithana further demand and may fotrrla.. *1aL, 3iortgsge hr judicial proceeding. i.eader stall lee entitles] to collect zn sDtelt ptneeeding all expenses of forrclanvt-i; including, but not ]inaitt~] to_ costs of doruutemar}' evidence, atastracts snd title reports. i3. Botnvurer'a Hight to Bsinstata. lotwfthstsnding Lender: acccleratior, ai the sums secured by this Marfgsge, Barrtneer shall have the right to have any proceedings begun br Lender to enforce chi Jortgage dis- caat5ntted at any time prior to entry of a judgment enftu•cing This \iortgage if: tai Borrower pays Lender all whir}t would be them due under this ~iartgege. the Note and notes securing future Advances, if any, had no secelerxta~ atxurred; tic) Borrower cures all breaches of am- ether covenants or agreements of Borrower con- faiaed in ihie Mortgage; {c) Borrower pays all re~wnabke expenses incurred ]rq Lender in enioreing the eovenarts sat! ~ of l~rrawer txtrttained in this \iortgage and ht enfo;ring bender's remedies as provided in pars- - graph 1$ het'eof, ioehrding, but pat limited io. rea~onatile attorney's feet: and idi Borrower takes such action as 1 msJr~Y requite io assure xhat the lien of this iortgage, Lender'. interest in the Property and Barnrwerh oh$gstitffi to pay the aDms secured by this \iortgage .hall continue unimpaired. Upon ouch payment and true by Haamwer, tins Mortgage sad the obligations set•ured hereby chair remain in full force and effect as if ao had Doctored. 4@. ]it•6*oeatrat d iRsmhc dp~tmastt of Hecei*er. Leader in Possetteioa As additional security here- - - - tender',1~herehyastDLendertherentsoithe Property. provided that Borrower shall, Prior to acceler- a under paragraph i$ hereof or sntent of the Property, have the right to collect and retain such rents as they bett~ae d~ sad payaifle. LIpc~O ataeelerutxin under paragraph 18-hereof or abandonment ai the Property, Lender, in person, by agent or by jndicialiy appointed receiver shall be eniitIed to enter upon, take possession of snd tuanage the Property atal to eolleot #Ite ;ants of tote Property, including those past due. all rents collertecl by Lender or the receiver shall be applied fixer to payment af.the costs of management of the Property and collection of rents, including, but not limited to, receivers lees, premiums an receiver's bonds and reasonable stterne}-'s fee=_. and then to the gums secured by this',tiortgage. Lender and rte receiver she]! ere liable to account only for those rents actually received.