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<br />not extend or postpone the due date of the ntonthh- inst:tlhnents reforred ka io paragraphs 1 and 2 hereof or <br />change the amount. of such installments <br />10. Borrower Not Released, IJxtensiou of the time tar payment or modifir :loon of amortization of the sutns <br />secured by this \4ertgage granted by Lender to sn}• successor in interest of Barron•er shall not operate to release. <br />in any ntanner, the liabiht_v of the original Borrower :ind Horroucr's successors in interest. Lender shall not be <br />required to commence proceedings against eueh successor m- refnse to ext+ax9 'time for pa}Rnent or otherwise modif}~ <br />amortization oI the sums secured br 6his 3lartgsge h}- reason of :nr}- demand made by the origins! Borrower and <br />Borrower's surcessars in interest. <br />11. Forbearance by Leader Not a Waiver. 3nc forbeat.3nce by Lender in exercising any right. or remedy <br />hereunder, or othencise afforded by applicable law, shalt not ue a waS:rer of or preclude the exercise of any right <br />or retnedv hereunder. T?:c procurement of insurance or the pa}-meta of taxes or of-her liens or charges by Lender <br />shall not be a tvairer of Lender's rigbc to accelerate zhe maturity of the indebtedness secured by this \fortgsge. <br />1'2. Remedies Cumulative. 311 remedies praridal in this \Iartgsge are distinct and cumulative to an}• other <br />right. or rented}- under this \Iartgage or at7ordert h}- Iax~ or rquit}-- sn.i n;a}- be c~erci~ed concurrently. indepenri- <br />ently ar successit'eh°- <br />-13. Successors and Assigns Bound; Joint and Several Liability; Captions. Tlae rat'en:utts and agreements <br />ate herein contained sltsli Uind, and the right: hereunder shalt inure to, the respect ire successors and assigns of Lender <br />and Borrower, stthjeet to the pmrisians of narsgrtph 7: hereoi- .\li cot-enants an.:l agreements of Harrower shall <br />~ ~cint.and severgl. The captions sn;i headuEgs of the;.arsgrapts of this Martgace see for convenience onlc and <br />see rrot#a be t:.~ed to interpret ar define the ]+rorrstens hereof. <br />14, NoSee. any roticv to Borrower prax'adr•d for in *.!tis \lon:;a,r shall he gix-en 6y tuailinn such notice b}• <br />~ eertiFecl uasil addressed ro Bormwer at the Pro?k 1iy ~ddrrs ststc+i below- ezce;n fm- snr notice required tinder <br />paragraph IS laereoi to be given to Barma~r an ;' e ;Wanner ;trescrthed i,y apphcslne l:ao'_ 3nv notice provided <br />iorirE thin iIartgsge sls?I be deerued to Iar~~ been ,ruse to Berroccet o'hrn tic~en in the :usurer designated herein. <br />15. Uniform Mortgage: Goeezning Law: Severability. This tan:: of nrartane ~ omhines uniform cotenants <br />for national use and non-mtiform cotenants ts-i*.it limited tsrisrians by ;urisricfiat: to consti"tote a uniform secu- <br />rit}* instrunxnt coveritl_s rest praput}-. This Mon~agt• si:ail i+r ;;ot•rrnc+i h}- the l:tn of the tut:sdiciian in which <br />Lhe Propeut~ is locator: Ir- the scene ti;st sn}• pretisian er c?susa• of this \lortra~: or rhv \otc cantlicts with <br />applicable law, such rantliet shall vet aifert other pmtisions of this \lartgagc ar hc• \att a-hirh can be given <br />erTeet without the canflictirg protisima, sad tc :his erd the Inotisimts of the Mortgage :utri the \ote are declared <br />to be ceverable. <br />16. Borrower's Copy. Borrower shall he furnished a coniornarrl con} of ibis \tartrage at. the time of execu- <br />ti0ri'ar Sfter h'eardatlOn hereaI. <br />19. Trmr~er of the Property: Assumption. I? all er any :part of the Propert}• or an interest therein is sold <br />ar transferred by Borrower withoci. Lander-_ ?actor stritten consent, excluding qs? the. rrestion of a lien ar encum- <br />branax=rti3ordinate is this ~Iorgage, ~t++ the creatiar. of a putrhltse manse secant}- interest for household appli- <br />snces. ic? s trsncier br devise, descent ar ?;}- a;xrstion of la•, una*~ rite •ieatlt ai a joint teannt or idl the ,r:~ttt of <br />any leasehold interest of tlr.-c'? }•ears ar I~ not containin::tr option to ;+urchase. Lendet• may. st Lender', option, <br />declare sIl *_ite st„„s eernred br this liartznge so be inunedisty?}- dre and psyab?e. Lee-.der shall hate waited such <br />opt;;on ttr sr.•elerate ii, prier is tlx sale ar trsnsier, Lender sod the ]hrsen to wlraW: the Propersc is to be sold or <br />tran_sfetied reach a~=reer3zm ir= firiting t33st tlt:~ rt•rdit of sorb taet•son i> Uitisiactor}• to Lentirr and that clue intermit <br />parable on the arms ~rured b}= this Mortgage shnil I,e at >urh rate as Lender shall request. h Lender has waited <br />tlse option to aeeelerste prodded in this ;?srsgraph I ~ and ii Barrow er's s:tccessar in intet~st furs executed awrit- <br />tra assumption a~+reernent accepted in w.^iting b;. Leader. Lender shat' release Berraxter from ull obligations under <br />this ?«;tutgage and the',tiate- <br />If Lender eserc~ sorb option za sc-:•elerite. Lender sns7! rust] Borrower notir`e o; arceiet-aiiun in accordance <br />w-itla bra.>h I# bonta~. ~ur.'a rozicr ,1s11 u*+e ido ~s Iwriod of a,at Ira titan ail ds}-c tram the date ilte Waters is <br />mailed within a}air]: Barraaer zevy} t,a}- tl:r suttt- rirclsr•.: dui- Ii Berrawer isi?s zo;+a}- such ~.._.-- prior zo the <br />exnirtttion of suelr period. Lernler tas} t' itlu.ut ioniser nc+tlvx• or etnatt~i eta Bnrmaczr, inaa:?::~ sn_: t~medix~ per- <br />.~ by psragxapla i3 hereof. <br />\r,x,_T w; rrrnus~ ('rat•r.:. ~•r~ ii.,rrt±~:~..- ,•n.l I anttt-E- lEt E-t1EaE• .~,,z-..tlx~nt ;-;Eta gr r_,xY ~ fallxlll-•; <br />18. Aaa~sarriom: $emed-sea. morel>t a- q:.rortr,yl it, turagrai,l; l: }n~rx~uwi •a}aan Harrower- bn~srh of ant <br />novrnant or agmeenent of $artcanc•r ir. =''-;as 1}artgs~c, including tc:c covenants ra p:r} ati9x•n .hn° ar.}• awns secured <br />by this ~llctttgagc~. ~nda~~ ;Error to arrr,er:etEC*r< ,l~li t:.:,i1 netts.., *.~a Bxxrrou ~•r :.-;:ro. t:i.~ m ixaragru;rl. 18 hereii <br />±eii~flng. +2; Xhe L+:~~s~. •'_rt tl~r arirr~n nalutn,i ts+ ruas~ noel, ?+r<-sr~L. ,;;~ a ;1ut.~. not Jos than title[}- da}•s <br />fromtlaedtatethr~noraeeis u:aiktt to He:runrr- bt nhieL -ur1: hrK;teh u;ust he rur~•d. s;tr? ~$r that failure to cure <br />~ueia i+r~.aeh on cs beSara-• t?te date :pretfied in ti,e natt~• s:rx}- t•r.ult En ar.,elrsstt,,n of the souls seruntii b}+ this <br />Jlartgage and wie of the I'*v;?ert~x•. Ii tlse htesrh is not eurcvi on nr beiora~ t hs dart- speri5cd m the native, Lender <br />at Lender's aptiata vsav sierlam all of tnr sort:: secured l,y this \Iongagt• to ire- nzunr:i.xtelc due .utd pagao!e <br />ssithaut ftrztlser demantf st;d tmsx- iorerlase tints 1lartgagc t:}•;udirial proreedinR Lcndr•r shall iav rntatlrtai to collect <br />in ~ur$ I:roeeec3ing aIi aapenscs s+? ;oret•losurc, inriu~.iing. but m~+t limited ti. :tests of darwnentan• etidence, <br />abstracts atxi rith repo12 _ <br />29. Darsew~r'a Bight ZO Bye. \atwirhstanding IRnder's arr•eleration at ttze sonar secured be this <br />h4txtgage.; Bmtrarrer attar] base rim right to Rare any ;srt>ic•tdings tvegun b}- bender to crforre thi' ~lertgage dis- <br />> xt say time prior to entav of x judgment e~f!trr;nr chi= \lerigage ii: ~a! Bn*roaer psis L-ender alt <br />sumaarlrit~ mould be then due turd this _lortgage, the \ote an;? notes securing future :tdtanee„ if ant. had no <br />a>a~t off; iby $orrov:t•s.z;.~ ail hreatchr. of sr.}- other rarerar;tc nragrcemenzs of Barron•er con- <br />taiaed in this Mazes; Irl Borrower paps ail .^earsonat~le exiwr~~ inrurrt~rl b} ihnder in enInrring the cotenants <br />sad asrer~ta of Bogrow•er eozttsintxl in t'tti: \Inngat;c and in et:JOrcing I.cnder'~ renaedie~. ss proridett in para- <br />l 1;4 sxrraf, i~l°~ir~, .~.,.q ~ l€~ za, ;^ea~.:.,ar}lam a ..r:x'~ i~c•:: an:; 13nrr~:s~ r sake: ,urh aet:ian as <br />Zm~er try rraessnably to aizsure teat the lien of ziais 3iortga;:t . Ixnder's imcrest in the Property and <br />Bont'+a7er'e obtgat~xi to pay the sasnsa s>enuted In• tlti> ~4ortgal;r >?tall cestttinue unimp»iretl. Ir;wn ,ueh payment <br />azd eauc try Brano~eea•, this ~[oztgdsge aml the tatsligation- iecured laett•by -1;all remain in full force and effect as if <br />m ~ had oceurre+d- <br />$0. ad Rta~r Ay~abrs~ed d 8eoei3er: Leader is Poesetagion. .s additional security here- <br />z ~ shy a to l ~ r+enta of the Rranert s. tsmridecl that Barrou-er shall, prior to scseler- <br />st~e at>drr }+ar~agca}s3t 18 ttereaf ar abandonment of the Pmlmrty, }rare the right to collect ttnd retain eueh rents <br />as ttsey beerasedue azxl payable <br />I!3pos ~ tmskr paragraph 18 ttemof at abandonment ai the Property. Lender, in Iverson, by agent <br />su• by js~lly appoirs#ed receiver stLa;? be eistliled is inter ulwn- inks po;re_:sion of and manage the Property <br />and to : the zezrta of Line Property, including (hose-past dug. 31i rent. collertetl b}° Lender ar the receiver <br />shall be applied first to payzneat of idle its of management. of the Propert}' and collection of rem,, including, but <br />not limited ta, receiver's fees, premiums an rnreiver's iwntls and rcasonalric attarncr's fee-, :vnd then to the ,ums <br />__=_l~t~t~ 9a~}+-~~•L•~...vt,.~*~±~~~;~ Rt:utl!>n li.art~ te9r_zu:nt cr:ls~ for these ra•ntxurt-uall}' mrrit'ed. <br />