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not extend m• past-pang the due date of the moathl}- installments referred to in paragraphs i and 2 heraof or
<br />change the amount ai such installments.
<br />10. Bonov~er Not Released. Extension of the time for pa}'went or modification of srnor#izstion of fire sums
<br />secured by this 14ortgage granted by Lender to any successor in interest of Aorrower shall not operate to release;
<br />in any msnper, the iisbilitc o2 the original Borran-er and Borratcer's successors in interest. Lender shall ref be
<br />required to commerce proceedings against such successor or refuse to extetrd time for payment. or at-hertvise modify
<br />amortisation of the sums secured uy t.his \iorfgagc 6c• reason of :iuy demand made by the original Borrower and
<br />Borrower's successors in interesf.
<br />11. Forbearance by Lender Not a Waiver. ~: ~ forbearance by Lender in exercising am• right ar remedy
<br />hereunder; ar otherwise afforded by applicable leis-. sna!i :rot Ize a salver of or nreclnde 'the exercise of any right
<br />or remedy hereunder. The procurement oY insursnce or the payment of taxes or other liens ar charges by Lender
<br />ts~ shall not be. a tcaiver of Lender's right to accelerate the maturity ai the indebiedness secured by this Mortgage.
<br />;gin 12. Remedies Cumulative. 311 remedies pracfded in this Mortgage are distinct and cumulative to any other
<br />±~ right ar remedy under ibis Mort-gage or afforded in Ian" or ei;nitc. snd nta} he exercised eorcurrenth-. independ-
<br />early or successiceiy.
<br />13. $ueces€ors and Assigns Bound; Joint and Several Liability; Captions. 1'ite covenants and agreements
<br />herein contained shalt bind, and the rights hereunder sltsll it:ure ta• the respeetit•c successor; attd assigns of Lender
<br />and Borrower, subject to the provisions of paragraph I, hereof- all r_ocenants anti agreemr~tits of Borrower :hall
<br />~ ~ be joint and several. The captdons and heading of the paragraphs of this iortgage arc for eonvenienee only and
<br />~ ere not to be used to interpret ar define the prot-isians hereo?.
<br />14. Notice. Ant notice to Borrower prot'Ideti for in this llort~age shall he t;it-en by mailing such notice by
<br />certified mail sddrea-ed to Borroter at the Ympert} -lddress salted bclon, except for any notice required under
<br />paragraph lS hereof to be git-en to Barroaer it: the utanuer prescribed ln- applicable ?atx. 1m- notice pret•ided
<br />far in this \Ior#gage ;hail },c deemed to Irsvr i,een giren to Bat•ron"er tvher, qit en iu the utanner dcsigaated herein.
<br />15. IIaiform Mortgage; Governing Laic Sevezability. This Torn; of mortgage combines tmiforrt cecenants
<br />for nations] use and non-uniform cecenants with limited variations by iuria3ictiar, to constitute a uniform secu-
<br />rity inststrment covering real pmpen}•. This ~lartga~e shall Inc. ~averned by the lath of ti,e jurisdiction in which
<br />the Property is located. Ia the event that any provision ar clause of this Mortgage ar the Aotc conflicts With
<br />spplicable law-. such conflict shall not affect other provisions of this \torteage ar the \ote u-litel, c_u be ff,-
<br />etfeei without the conflicting provision. and to `his end the provisions ai tLe Mortgage and the \ote arc declared
<br />to be ~verable-
<br />I& BorroweisCopy. Borronersha]? he fur..*,ished a conformed copy of this ~lartgage at •,he time of exectt-
<br />sion or after recordatiea hereof. -
<br />I7. 1~atufer of the Property; Assumption. If all or any nsrt of the Prapertr or sn interest therein is sold
<br />or transferred by Borrower without. Landers prior twriren consent. excluding ial the crQation of a lien or enaum-
<br />6raace subordinate to this \fargage, ~ b t the creation of a purchase moue}- securit~• intere~ for hc•usehald appli-
<br />ances, ie) s transfer by devise, descent ar by operation of lath upon the dentit of a joint tenant ar (dl the grant of
<br />any leasehold interest of three years or leers not cantsining at; option to purchase. Lender may. at. Lender's option,
<br />declare s21 the sums secured by thfslfett~s,e to be inunediateh• due snd payable. Lender shell have waived such
<br />option to accelerate ii, prior to the sale ar trarcfer, Lender ;srd the person to whom t he Pt•operfc is to be Bald or
<br />t_*ansierred reach agreement ir. writing that the credit of such person is saiisiactory to Lender and that the interest
<br />payable on the sums secured by this Morgage shall be at such rate as Lender shall request- It Lender has waived
<br />the option to accelerate provided in this paragraph 1 i and ii Borrower's suttee or ir. interest ha= executed a writ-
<br />ten assump#ion agzeemeai accepted in writing by I.endez•. Lender sire]] release Barron•er irom ell obligations under
<br />this'~iartgage and the \ote.
<br />If Lender exercise; such option to aceeler_:e, Lander snail tuail Borrotcer no#ice of acceleration ir: seeordaa??ce
<br />with paragraph 14 hereof. 3ueh notice snail provide s period ai not. less then 30 does irom the date il;e notice v
<br />msil2f3 tvilhiK which Harrower may pati• the snare declares -due- If Burrower iaik to Itsy alien enure prior to the
<br />expiation of such period, Lender may, without iurtl:er ratrcc or tietnar..l on Barro:cer. rnvakr ar. remedies per-
<br />rnitted by prsragrsph 1$ hereo*'.
<br />\vx-I'~?t~t~x:.t l'oceae~r.. Borratcer• z???d I.rnder f't?r,lzer t~oce.aant snd acre: as fnIlvn-s:
<br />I$. Aeeelaraiion; Remedies. Excelat " ;;;-rt::lz•+? in ; ,ogre?,h l i i.rreot" anon Borrwes"s hr~~ach of an:•
<br />cevenan*_ az agreement of Barraccer in this ltart~;,ac. irclutiin~ t!x• covrrants to ?:ay tvhcn .?ue env -aura seeureci
<br />by this ~fortgagc. I:erder !vior to arcel:;snott ,hail tuazl z:otirc to Barrotccr a. ;~ravided m raragrsph 1.1 hereof
<br />speeifring: wl! the breach, +2+ the saran rcvtmrc.i to cure ,uch hr,.acL: iii ~: tlatr, trot less than thiric days
<br />irom the date thc° natitc is mailed to Barrotcer. l.v tc;licit each I,rcat-It n;ust Le rur~; an+i ~ { t that failure to cure
<br />ouch bah an ar beiara r.e aiatx speritizz: it: tl:e rotirc rnac rYSUlt rn act•eleraifor. of th:• -um~ .scared by this
<br />~lartgage and safe of the Pn~, cry. If the breari: is not ,~ured w: or before the date <perlfied is the notice, Lender
<br />st Lender's option may declare all ct the =urn; secured In- this ttortgsge to be itnmEdiste?}• due and payable
<br />ui*_hou# fut*_her dem.*ind and tr for-~rl;~se tl:i, \So;;Etge by ,ud;t•is~ precr•etlin_ L~•ncitr <i;l: 1 t : r:titlcd to coiia:F.
<br />in such proceeding a?7 expenses , , areclasure- inciudin~ but not lin~._;i +•nst: „i
<br />_. - -_ -....ez,tart• t.,.,de„ce,
<br />absttacis gad title r<_ports.
<br />Y4. Boa'<orrv~"s Hight fa t+~^d»+- tiatnith:tandtng Lender's 3ecelerstioa of the ;nuts :ecure~ti by thin
<br />Mortgage, Battvscer shall hate the right to hate any proceedings hegira by i_rnder to .~niorrc thrs Mortgage dis-
<br />tantirnued at any time prior to earn, of a judgment enf~•cing thi- yiongage i?: ~a~ Borrower pays Lender a!f
<br />earns uhith would be rhea due antler chi 3for-tgage. th^ \ate srrf ;rotes -ecurin¢ Future .adt-ance=, it env, had no
<br />scceleratioa occut•red; r"bi Borrower cures all hrearhr-s c+f and- other eoti•nsnt- or agreeraent; ni Bat•roteer con-
<br />Lsiaed ire this?~fortgege; let Borrower pays a13 rea.=anahle expenses incurred be Lender in ent`orrine the cat-enant-s
<br />stsd agreements of Born, arer ~tatncd in :hisllargag~ and itr enforcing Leneier-.. rernedies as procideci in para-
<br />grsph 1$ hereof, including, but not limited tn. reasonaLlc attorney's lees: and idi Borrower taker such action a
<br />1 endear may reasa~asbly require to aa,um first the lien of this Mortgage. Lender's interest in the Property and
<br />Botrower'a ob~ticn W pay the sums secttred by this liartgage shall t•on#fnuc unimpain=tl. L'pon .uch payment
<br />and recce by $ortower, this 3lortgsge snd the obligations secured hereby shall rarttain in full force and effect as if
<br />na acceleration imd occurred.
<br />~tl. d iiftager Appet sf Hscaiv~; I.arad4r is Posaestaon _~s additional security here-
<br />rsude; Borra>Ber~reb3assigas trf i.ender the rents of the Property. praw'rdc~rf that Bvrmwer shall. prior to acceler-
<br />st3ait uaderparagraph 1$ heraof or sbatrdonrnent of the Property. have fhc right to coltect and retain such rents
<br />as thep Ireeonre due gad payable.
<br />Llpoa acceleration under paragraph 1$ hereof or atrandonmeoz of the Nroperty, I.enrler, in person, by ageni
<br />or by judiciafly appointed receiver shair he entitled to enter upon. take l,ossession of and uaanaae the Property
<br />and to collet: the rents of the. Property, ineltrding those pa.~[ due, :1i1 rettta rollerted hw Lender or the recei-:er
<br />shall be applied first tapaynrentof the conks of management of the Proncrty and ro?iectian of rent:, including. but
<br />trot limited to, receiver's fees, premiums on receiver's bonds and reasonat>lc attornev'< fees. and then to the Bunn
<br />secttred 6y this Mortgage. Lender snd the receiver shall he liable. to arcourn unit for those reefs artuallc meeiwed.
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