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pat extc~~nd ar prastpone the ttue +a'~ste, of qhe txirinthi,t instslh~tent~s refci•recE u, irr p;~,u•agraphs and St hereof ar
<br />change fhe ,tmorant~ of suck unsta9lmeets.
<br />Iii. Borrowrpr~ Not Released4 Itxteatsian of thi> time far nayr:raent or tnoc9sficatiar; of arnortfizatian {af ttae sttm~s
<br />secured by this i96lort~agat granted ley berttllc:r to any srtccessnr in io~iCe~resr~ of Borra;etshall not opera's t.o rellease,
<br />in any ~rnantter,, t.lte hsbility of €~he original Borrower ant~.i Bono>vc~r:~ i,t rot:~sor:; in iru6crest. Lender shall tint be
<br />required to commence proceedings against such successor or c•efuse co extend time for payment or otherwise modify
<br />amortisation of the sums secured by this Mortgage by reason of nny demaru3 marls by fire original Borrawer and
<br />$orrower's successors in interest.
<br />~ Ii. Forbearance by Lender Not a Waiver. any forbearance by Lender in exercising any right or remedy
<br />hereunder, or otherwise afforded by applicable late, s!taii not be a nai;•er cf er preclude the exercise of any right
<br />,t„ or remedy hereunder. The pracuremeni of irrsuraure or the payment of taxes or oilier ?lens or charges by Lender
<br />~'~ shall not be a waiter of Lenders right to accelerate the maturity of the indebtedness recured by this Mortgage.
<br />~' 12. Remedies Cumulative. all remedies provided in this \fortga~*c are. tRstiuct and eurrm?ative to anv other
<br />;;~ right or remedy under this Mortgage or afforded ht ?aw or oquit;: ,and ins}- }x exercised roncurrentl}•. independ-
<br />~°""!^ ent?v or• successively.
<br />i 13, Successors sad Assigns Bound; Ioint and Several Liability; Captions. Tltc coten;;nts and agreements.
<br />~ herein contained shall Find, and dre rights hereunder shall inure to. the respectitc• successors •lnd ,signs of Lender
<br />and Horrower. ~uit•ject ru the pratisions of paragraph l; hereof. ail cotcaant- ;rr,i agrecateuts a! Bnrr•ower shalt
<br />` be joint and serer,?. The rtptions and heading> of the parsgntph~ of thi> \lortgagi• are for conveniena~ only and
<br />are not to be used to interpret or define the precisions hereof.
<br />14. Notice. .ley notice to Borrower pros ided for in tht> Alort~sge ,hail he glees b}- t:~ai!ing -ucit notice by
<br />versified ,nnii :aides=sled to k3orrowcr at the Yroitern• Adder=~ .atat~~d i,elow..°xrept for at:v notice required under
<br />paragraph li htrrof to iic z;iccu co Bm•rower in rite nulnnrr !n-escrihed he alrplieable law. Any notice provided
<br />for in this 1lortf;agc chaff hc~ decmeti to hate Been gicctn to Borrower whcn~itcn m th;• manner designated hrrriu.
<br />15. Uniform Mortgage: Governing Law; Severability. "Chia iornt of martgage vomktines uniiorrn coven ~.nts
<br />for national use and non-uniform covenants with limited tariatians by jurisciictian to constitute a uniform secu-
<br />rity instrument voveriug rea: properi}•. This \Iortgagc shall be governed by i-hc last of the .tt:risdictiou in which
<br />the Property i= Located. lu the event that. any provision or clause of this Mort;age or the Note conflicts with
<br />applicable last, <uch rontlict shall not ,fleet other prowisians of this \Iortgagc or the Note which c•arr be given
<br />effect without. *,ite conflicting provision, and to this end the prot•isions of the Mortgage and the Note are declared
<br />to be severable.
<br />Ifi. Borrowei s Copy. Borrower shall be furnished a confm•mcd cols- of this Mortgage at flee time of execu-
<br />tion or after rerorriatiorc hereof.
<br />17. Transfer of the Property; Assumption. If all or am' hart of the Property- or an interest therein is sold
<br />or transferred Irv Borrower without Lender's prior written consent. excluding isl the creation of a Lien or encum-
<br />kirance subordinate to this Mortgage. ihi the creation of a purchase money security interest for household appli-
<br />apses, fcj a transt-er by devise, descent or by operation of ?aw upon the death of a jcirtt tenant or (dl the grant of
<br />any leasehold interact of three years or lees not containing an opnou to purchase, Lender rnay_ st Lender's option,
<br />deoIare allt-he scone secured by this Mortgage to be immediately due and payable. Leniter shall have waived such
<br />option to accelerate ii, prior to the sale or transfer, Lender :uui the person to whom the Property is to be sold or
<br />transfermd reach agreement in writing that the :credit of such person is satisfactory to Lender and that the interest
<br />payable on the sums serurerl by this ~Sortgtge. shall be at such rate as Lender shall request. Ii Lender Iran waived
<br />the option to arc•e?crate provided in this l?aragraplt I'r and if Borrower's successor iu interes[ Iran executed a writ-
<br />ten assumption agreement accepted in writing by bender, Lt=nder chalk release Borrawer from all obligations under
<br />this Mortgage and the Nete.
<br />If Lender exercises such option to accelerate, Lender shat! tuail Borrower series of acrelcratiott in ;.csnrdance
<br />with paragraph 14 hereof. ~uclt notice .halt provide a Ireriod of not less than 30 days ferns the date the notice ifi
<br />mailed twithln which }3urrawcr- may i?ay the sums declared due. It Burrower fails u> pay sudr scuts prior t4 the
<br />expiration of such period, Lender may, without further not irr or denurmi on Iierrawer, intoki~ any re,metiies per-
<br />mitted by paragraph 18 hcrcaf.
<br />Nox-I`titFUUZt t'c,vs~.axra. I3orrow•i;r and Lender i`urt~hcr coveuunt and a;;•ret• as 2o1?ou•s:
<br />1$. Acceleration; Remedies. I:xcent a_s ;u-oyidc l in n ratgrtph 1; heres~l, up:,r: Lorruw~' l±rer<3ta t?f ~!zy
<br />covertant or ;tgreenient ot` Boerowor in t!dc Mortgage, inrhuling the covenant= to ],ay trhen ;rue aft} ,ttnrx seeuta~d
<br />by this Martgage• Lender icier to se•celeratimt shat!( sari! peace to Bnrruwrr as ln•avidcd in pnragr;tph 19 hereof
<br />specifying: ill the brratdi, t2i the ,erica requircal ro curs such breach; tai a duty, not lc~s tiuut thirty days
<br />frets the Auto the series is stalled to 13orrowrr. by which such Icrr:u•h untst be cturtl_; and i4;t that failure to c« re
<br />suds hrerich on ar bt°fore the date specified in the aeries mxy result in arcel.t.vttrnt ok the sums <rcur~i ley t}tis
<br />Mortgage and sale of tits Yroperty. If the breach is not cured ..m or before the Jatr specified in the notice, Lender
<br />at. bender's option Wray decltu•c all of the scuts sccurect 6y thi. Aktrtgagr to be immediately due cud Irayable
<br />Twit-bout further dt•tttand and may foreclo,e this Alortg:rge by judicial prorerding,. Lender slratlt he rntitlE•;, tv roller,[
<br />u, such ]u•occedin~ all expenses of ioreelosure. including, but not liuiucd to, costs ui duruuusrturc etidrnce,
<br />abstracts and title reports.
<br />18. BQ17nwYr'a Right to Reinstate, \otwitltatautding Lender's au•erleration of the stuns secured by this
<br />{ortgage, Barrowoe shall have the right- to !face In}- nrorcediutls brt;un M- Lruder to enforce this y'[ortgage dis-
<br />continued at any icme prior to entry of a judgment enforcing this \Iortgagc it: trtt Borrower pays Lender all
<br />sums which would be then due under this \lortgage, the Note anti note. securing Future Advances, if anv, haci no
<br />neceleratiun ocrurt•eii; Ibi Aorrowar cures all breaches of nny other covenants or atgrcemenh of Horrowcr ean-
<br />taitieci in this ?~#or t a-€? i
<br />g z; lei Barra~:vt=r plays ill rensontblc ''xprn_es tnrtrrrrrt i,y l ender its rutorring the eovrrtttnfs
<br />and agreements of Harrower cantarned in fin. llartg.t„t .end in enforrht~, bender s retnediea as protaded in psra=
<br />graph 18 hereof, including, but nat limited to, reasonable attmney`> fees; and id} 13orrowcr takes suctr action as
<br />Lender may reaaonahly require to assure that the ?ien of this ytnrtt*age. Lender's interest iu the Property and
<br />$oriower's obligation to pay the sums serut'eci by this Mortgage :hall continue uniinpairevi. t?pun ::uch payment
<br />and cure by $nrrower, this Mortgage and the obligations scrumei hereby shall remain in full furor` and effect as if
<br />no acceleration had occurred.
<br />2Q. Assigaaaertt of Rests: Appuintmeat of Receiver; Lender in Possession. As additional security here-
<br />under, Borrower hereby assigns to Lender the rents of the Property, provided that Borrower shall, prier to acceler-
<br />ation under paragraph 18 hereof or abandonment of the Property. have the right to collect and retain such rents
<br />as they become due and payable.
<br />Upon acceleration under paragraph 18 hereof ar ahandomnent of the Yroperty, Lender. in person, by agent
<br />or by judicially appointed. receiver shall he entitled to enter upon, take possession of and manage the Property
<br />and to collect the rents of the Pmpetty, including those past due. All rents colieeted by Lender or the receiver
<br />shall be applied first to payment of the costs of management of the Property atr:l rallection of :•cni.. inrludirig, itut
<br />not limited to, receiver's fees, premiums on rereicer's bands and reasonable attorney's '.•es. and then to the sums
<br />secured by this Mortgage. Lender and the receiver shall he ]ia61e to account only tar those rents achtalk received.
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