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8. InspectioA. Lei~~icr ~u:?~• ~niik~~ or ~•.~u~c• ti~ 1,~~ iu:ulr c~:i,~u~:il~l~• i~utric~ u~~un :~u~l im{~cctiou, o! thr Yro}~-
crty, l~ro~•i~ieci that I.en~l~~r ~liall ~i~•e liorro~~•c•r nati~•~~ ~u•iur to :?n~• ~u~•!~ in~~x~Clilql :{,~~cii~iuk re:?sonal,le ~•~use
tl~erefor relateci to I.ender'~ intem~t iii the 1'ropcrt~•.
9. Condemnation. 'Che ~?rocee~ls of :u~~• :~~~•:inl ~?r ~•I:iii~~ ior ~I:u??a~;e~. ~iireM or cousequcnti:~l, in connection
~~•itli :?ny comie~unation or otlier takiug of the 1'ro~?ert~•, or ~~.?rt tl?er~•of, or for ~•on~•ev~u~ce~ in lieu of condemnii-
tion, are hereb~~ :?ssi~;ne~l nnd sl?ull I,e pa?id to ].en~icr.
In thc c~~ent uf n totnl t;~king of the Yropcrt~•, tli~• ~~roc~~~Yl~ ~li.?Il hi• ,t~q?licri to th~• >uu~~ ~ceur~Kl i?~ this \iort-
gage, ~~•ith the exces:~, if :ui}~, ~?aid fo Borm~~•er. In thc e~•cnt of ~?,yrtia) takinK oi tl~e Yro~mrt}•, i~nle~s Borrower_ i
:?nd I.ender other~~•ise .~gree in ~vritinQ, there sl~ull I~~• ap~?lir~l to tli~~ ~uin: ,~~rumel thi~ \lort~u~;e sucl~ ~~ropor- ;
t~ion of the proceed~ a~ is equal to tl~nt proportio~? ~chi~•h thc ;~u~ount oi tiu• ~uws sectir~~ci h~~ this \IortgaQe imme- ~
~liately prior to thc datc of taking Lcar.- to tl?c tair nuu•k~•t .•ulu~~ oi th~~ i'ru{~ert~• immc~li~tel~• ~n•ior tb the date of i
,
taking, with the bulancc of the l~ibceeds ~?ai~l to Borro~~•er. '
If the Property is :ib~u~doned b~• l;orro~~~er or if ~fter uotic~~ h~- Leu~ler to Rorro~rer tl~at. the couden~uor offers ?
to mnke :u~ a~~•arci or settle a~•Iflim tor ~Inroa~es. Tiorro~~~er fail~ to re~~~ond to I.endcr ~~•ithin 30 ~lays of the dnte
of sueh notice, I.ender i~ :iuthoriz~~c1 to collect :~nd :?p~?1~• thc• ~?roe~~e~1~ ::f I.en~ler'~ o~~tion eit.her to re~torntion or 3
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repair of the Propetty or to thc~ sums secureci bv tl~i~ \lort~a~~~. ~
iTnlcs, I.ender and Borro~~~er othern•ise ugree in ~vriting, :u~~• such 3pplicntion of proceecls to priucipt?1 shall #
i?ot extend or ~~ost~~one the duc dntc of thr monthly in~tallnu~nt~ mf~rre~l to in ~?ar;~~ra~~h~ 1 and 2 hereof or
ch:inge the au~ount oi such inst:~lhuents.
10. Borrower Not Released. Fxtencion of tlie time for ~r.+~•ment or malification of .unortizntion of the sums
secured by this ~iortgage grnnted b~• I.emier to an~~ ~uece.~or in interest ot Borro~~•er ~Lnll not opernte to release.
in :tny ~u~nner, tl~e liabilit~• of the original 13orro~~•er an~l I;orro~~•cr's succe~sor~ in intere~t. i.ender shnll not be
requirecl to commence ~?roceeclings a~ninst~ ~uch ~uccessor or retuse to exten~l fime for pz~n~ent or othern~icc modify
:unortizntion of the stims ~ecured h~• thi~ \tort~.igc h}• reason of :~m• ~icman~i n~ade h~• the ori~innl Borm~~~er and
Borrower's successors in interest.
11. Forbearance by I.ender Not a Waiver. :1u~• fonc~ar:~uce 1?~• I.ender in exercisiug an~• ri~ht or remedv
hereunder, or othen~~isc ufTonleci b~• applicable 1:~~~•, shall not h~ ~~•ai~cr oi or ~~reclude the exercise of any right
or reu~ed~• hercunder. Tl~c ~~mci~re~ucnt of insi~ran~e or thc ~~~~~n~ent of f:?xe: or other licns or ch~rges by Lender
shall not 1?c a~~ai~•er oi I.ender'~ rigl?t to :~cceler:~te the mati~rit.~~ of thc inclebtednes~ ~ecureci by this \7ort.gage.
12. Remedies Cumulative. All remedic~ ~~rovidc~cl in thi~ \tort~n~c are distinct. and cumulati~•e to an~ other
right m• remecl}~ umler this \tort~n~e or affo~Yle~l i?}• la~~• or equit~•. an~l ma~ he exercisecl concurrentl~ , independ- '
ently or successively. ~
13. Successors and Assigns Bound; Joint and Several Liability: Captions. Tl~e co~~enants and agreementc ~
I~erein contained shall i~ind, :u~~i the rights hereun~ier ~hall imu•e io, the res~~ectiv~ ~ucce~<ors snd assigns of T.ender €
:?nd I~orro~~•cr. ~uhject io the ~~ro~•ision~ of ~~ara~ra~?h 1T l~ere~~f. :111 co~•cu~nt~ :ind a~reen~ent~ of Rorro~~•er shall ~
be joint sn~i ~c~•eral. 'l'he c•a~~tiom :i111I IIC3(~lll~,*. of the ~?;~ra~;i.+~~lr o~ thi~ \lort~a~c• :~re for ~•om•enience onh~ and ~
sre not to be used to interpret or define thc ~~m~~ision~ licrcof. ;
14. Notice. ~n~~ noticc to Borro~~~cr ~?ro~•ided for in [hi~ ~lort~;agi• ~h:ill 1?c gi~-~~n b~~ mailin~ ~u~h noticc 1~~ ~
eertifiecl_~uail a~~dressecl to I3orro~~er at the P~o~~ert}• _1~i~irc~~ ~tatcit 1?clo~c, c~~c~~t tor .~n}• noticc require~i w~der '
l~:u•a~rai?h l8 hereof to he ~i~•c•n to Borro~~-cr in thc~ n?anrn~r ~ire~crihc~l 1?r ,ip~~licahle l,~n•. :1n~• ~iotice pro~~ided ~
for in this ~Iort~afic shall hc ~ieeu~cYl to ha~•c hccn ~;i~•en to I3orro«-c•r +~•hen ~i~•en in thc manner dcsi~n:~te~l herein. " ~
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r 15. Uniiorm Mortgage; Governing Law; Severability. "1'hi~ form of n~ort~a~e ~•ombinc~~ unifor~n co~~enants
~ for national use anci non-uniforn~ co~•en:int~ n-itl~ limitecl ~-ariation~ by jurisdiction to constitute a uniform secu-
E rity instnuuent covering real ~?roperin•. Thic \[ort~a~c shall bc ~overned b~• the la~~~ of thc jurisdiction in ~vhici? =
the Yropert~ i~ located_ Iu tl~~ e~~ent th.~t am~ ~~ro~•i~ion or claus~ of thi~ ~iortgage or thc ~Tote conflicts with a
~ applicable I:?~~•, such conflict. ~hall not affect other ~~ro~-i~ion~ oi tlii~ ~(o~tgage or the \ote ~chTch can be given ~
~ effeet «•ithout th~ conflicting ~~ro~•ision, and to thi~ en~i the ~~ro~-i~ion of the ~Iortgage an~l fhe \ote are deelared
~ to be severable.
~ 16. Borrower's Copy. Borro~~•cr shall bc furnishe~! ~•on[orn~ed co~~}• of tl~i~ \Iortgzge at the time of execu-
~ tion or after recorclation hereof.
; 17. Tramsfer of the Property; Assumption. If all or an~• ~ru•t oi thc Property or an interest therein is sold
~ or transferred h~• Borro~ccr ~~-ithout I.endcr'~ prior ~r~rittc~i ~~ansent-. rx~liiding I11 thc crcation of a lien or encum-
¢o brance ~ubordiuate ~o thi~ \[ortga~c. ihi the ~rc:dion of ~11U'PI1.1~~~ iuone~• ~ecurit~• intere~t ior household appli- _
~ :uice~. ~c) a tran~fer b~• ~ievise, de~cent or h~• o~~eration of la«- »~~on tlu~ ctcatli of a joint tcnant or idl the grant of
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~ any lea~e~hold inte!•c~t ot thrce ti•car or Ie~~ not ~~ont:~ining an o~~tion to ~n~r~•ha~c, i.ender may_ at. T,ender s option. s
~ ~ieclare all the ~un~: :ecured ln- thi~ ~Iort~*a~;c tu h~ iu~u~c~liat~~l~- ~In~~ an~l na~•ahle. I.en~ler sl~all ha~~c ~~•ai~•ed such f:
~ option to a~•celerc~te ii. ~~rior to the ~ale or tr:ui~i~~r. Len~ler au~i the ~?er~on to ~ehou~ the Yropert~• is to be sold or Y
~ transferreci mach agreement in ~~•riting tliat the crc~lit oi ~u~•1? ~?cr~on i~ ~ati~fscton~ to 1.en~ler and that. the interest ~
~~ayable on the ~um~ ~ceured b~• this ~fortgagc ~hall Lc at =u~•h rate~ u~ I.ender ~hall ~r.~ucst. If I.ender l~as ~vaived ~
~ the optio~i to :1cceler.itC j)TO~'!(jCtl 111 1~ll~ ~~ar:~gra~~li 17 .~u~l ii Ron•o~~-er'~ ~iircessor in interest ha~ executed a writ- ~
ten ~csuu~ptim~ agreement accepte~l in «ritin~ ht• L~~n~ler. I.c~u~ier ~hall release Borro~~•er from all obligations ~mder ~
~ this ~'iortgage and thc Notc_ ~
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If I.eniler exercises ~ucl~ option to uccelerate. I.ender ~hall ~naii Rorro~~•er notice of acceteration in accordance
~ ~~~ith ~~ur.i~ra~?L 14 hereof_ fiurh noti~c ~h:~li ~?ro~-i~le a ~~erial of not Ic~~ tl~an 30 ~ia~~s from th~ date the not.iee is . ~
mailed ~~~ithin ~~•hirh Borrow•cr uui~• ~?ar tl~c ~uu~~ declam~l ~1u~•. If Borro~~-er fail~ to ~~a~ ~uci? ~um~ prior to the, ,
e~~?iration u1 ~u~h ~~cri~xl. I.ender nia~-. «~itho»t furtf~cr noti~~~• ~n~ ~leman~t on Borro~~•cr. im•ok~~ an~- remedies per-
- mitted b~ paragraph 18 hereof.
_ \c,~-l'~~r•~ncai l'~?ve;~:~~~r~. K~~rrv?~ser.uul Lendc~r further co~•~~nant an~l a~;i•ee us follo~c•: ~
18. Acceleration; Remedies. i•;~~•e~~t :t~ ~~r~?~•i~l~~~i iu ~?.u•:t~;r:i~~h 17 hercol. u~?on Rorro~~-er'~ breach ot an~- ~
- ~•o~-cn:?nt~ ~~r a~meiuent of Borro~~-er in tl?i~ ~(ort~a~;~•, in~lu~iin~; the co~•enanh to ~~a~• ~~-hen ~lue an}• ~ums secured
1~~• this ~tortgage, I.ender ~uior to :~c~elcr:ition ,hall ~uxil notice to 13erro~~•er a~ ~~ro~•idecl in ~~ara~raph 14 hereof ~
s~?ecift•ing: 11? thc brcach: ~`ll tl?c action rc~~~uir~~r1 ta cum ~ucl~ I~rracli: ~3~ a~iat~•. not lc~~ than thirty day~ froin 3
thc ~iatc tlic noticc i~ m.~i1~K1 to Rorr~~~~~~r. I?~- ~chicli ~iicl~ hr~~~ic4i ~ii~~t Jm curF~1: an~1 ~41 that failure to cure such _
bmach ou or brfore the ~I.ite ~~~ecific~l in thc• noti~~~~ ~ua}• re~ult in ac~e•Ieration of the ~uui~ ~ecurcYi b~~ this ~iortgage
.?n~l sale of the YropertS. If the i,rcacli i~ not ~~n•evt on or I~efore~ thc~ ~1atc ~~?ecific~l in the notice. I.ender at I.ender's
o~~tion ~uit~• ~Ieel:~re sll ot' the ~u~u~ ~eein•e~i 1?~- tl?i~ ~lort~;:t~;e tu 1?c~ in~ni~~rliatel~ ~iue and pavable ~cithout further
- deinand ami m.?~• foreclose thi~ ~lort~;x~;~• 1?}' ju~li~ial ~?ro~ee~~lin~; L~•n~ler ~hali hc entitlc~i to collect in such proceed-
~ ing all ex~?en.es of foreclo:ure. includin~;. hut not liinit~yl tu, rea~onahl~• attorne~•'~ fces, and co~ts of documentan•
evidence, xbstracts :?n~i titlc r~~?ort~.
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