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8. Iaspsctioa. l.ender u~ay ~uakc or ~~nu.e to be n~ud~: reu~uuble eutrie,; upon and inspections of the Prop-
rrty, provideci that I.ender shall give Horro~~•~~r notice ~~rior to auy ~ucli in~pection ~~~ecifying reasonable cause
therefor related to Lencler'~ interest. in the Yroperty.
9. Condomnation. The procec~s ot iu~y u~vanl or ~lni?n for da~nages, direct ai• conscquential, in connection
~~•ith any condemnat.ion or other takin~ oi tl~e Ymp~rt~~. ur ~?urt tl~creof, or tor ~on.•eyancc in lieu of condemna-
t.ion, are herebv assiRnc~i and sl~ali l~ pAici to I.ender. :
In t1~e i~•cr.t of q tat:s! tskit~g of th~ Pm!?erty. th~ l~mceecis shnl) In• xpplicYi to the ~uu~s secured by this ~iort• .
Ruge, ~~ith the excess, it any, paid to Borro~~•er. In thc event ot a ~~artial takin~ o( the Pro~~crty, unless Borrower
:?nd I.ender othen~•ise ugree in ~vriting, them ~hall hc n~?~ilic~i to th~ «nm ~ecureci b~~ this \lortga~e such pmpor-
tion of the proceeds as is equal to that proportion ~vhicl~ the amaunt of ihc sums secured by this \3ort:gAge imme- e
~1iatety prior to thc date of takin~ bcars to thc inir nu?rkc~t ~•nluc oi thc Yropert.~ immedit?tely prior to the date of ;
taking, with t~he I~ulance of the Proceeds pnid to Borrov~•er. '
- If the Yroperi,y is abandoneci by I3orro~ver or it after uotice b~ l.euder to Aorrower t~hat the condemnor offers ;
to make an A«arcl or settle a claim for damages, Borro~vcr fails to rc.~pond to I.endcr within 30 days of the date ~
of such natice, I,ender is authoriaecl to collect and n~~~?1~ the ~nncrcds i~t I.ciider's option eitl~cr to restoration or
repair of the Property or to the ~ams secumri h~ this \tortgagc. ~
Unless i.cnder and Borro~ver othenvise ugree in writing, Any such application of prceeeds to principal shall
not exteud or postpone the due date ot thc monthly instnliments referre~i to in parngra~~hs 1 and 2 hereot ar
change the nmount. of such instaliments. ~
10. Bo=rower Not Relea~sed. ~xtension oi the tiu~e for ~~nvn?ent or malification of amoriization ot the sums :
:ecured hy this ~Sortgage gr~ntecl by 1.cnder to anv ~uccessor in interest of Borrower ~hali not• operate to release, :
in Any manner, the liabilit}• of the originni 13orrower And IIorro~ver's succe~sors in interest. I.ender shall not be ~
requiteci to eommenee proeeeciings against sueh sueee.csor or retuse to extend time for pnyment or othenvise modif~ ;
:unortiaation of the sums secured by this \lortgi?gc liv reason of i?n~• demancl madc b~~ the originAl Borrower and
Borrower's successors in interest.
11. Fqrbearance by Lender Not a Waiver. Any forbc:?r:tnee by I.ender in exercising Any right or remedy
I~ereunder, or ot.hern ise aRorded by applicable ln~~~, si~nll not. 1?e a~. niver of or ~~reclude the exercise of any right ~
or remedy herettndcr.'I'hc procurement of insurance or the pnvn~ent ot taxes or other liens or charges by I,ender
S~1R~I IIOt I)C A~Vlil\•er of j.ender's right to nccclcratc thc mnturit~ of thc indebtedness securecl by this \4ortgage.
12. Remedies Cumulative. All remedies pm~ ide~i in tl~is \iort~age are distinct and cumulative to any other
right or ~~emed~• ancier this \tortgnge or at~ardc~l 1?~' ar c~clllity, and may i~e exemised eoncurrently, independ-
~•nt•ly or succesrively. #
13. Successors ~d Assigns Bound; Joint and Several Liabilitys Captions. The co~•enants and agreement~s ~
herein containeci shall 1~ind. :~nd tlie ri~hts heretmder ~hall inurc• to. the respectiv~ ~ucce~~ors and a.csigns of I.ender x
:u~d Borro~~•er, ~ubjc~t to tl~c jiro~•i~ion~ ot ~?arn~rapl~ 17 hemof. _111 co~•ennnts an~l agreements of Borrower shall ~
bc joint and ~c~•cr:~i. Tl~c ~•a~~tion~ :in~l hesciin~s of thc ~~:u•a~r.t~~L~ of thi~ ~IoMgage ~re for con~~enience only and ~
.?re not to be used to interpret or defin~ thc ~~m~•isions hcreoi.
14. Notice. ~ny notice to Berro~ver ~~ro~•ide~l for in thi~ ~lort~;:ige ~I~all be gi~•en h~ I11A1~111~+ ~uch notice by ~
~~ertifieci mail :uldre~ed to Iiormwcr nt the P~opert~• ail~lrc~~ ~t~tc~l hclo~~-. ~~xcc~~t for am• notice required under
~~.u•:?gra~~h 18 I~ereoi to be gi~•cn to Iiorro~rer in the ?u:~nner ~~m~crihc~l 1?~ applicable la~~-. ~n}• notice provided
ior in this ~(ortgage ~hall be decmed to ha~•c i~een given to Borm~~er ~~•hen ~iven in ihc ni~nner designateci herein.
15. Uniform Moriqage; Governiag Law: Severability. Thi~ forni of niortgage co~nbincs unifonn co~~enant_
tor nation~l usc and non-uniform co~~enants itl~ lin~itc~l ~~ariation~ b~• juri~diction to constitute a uni[orm secu-
rity instnunent covering reul pro~~ert~. This ~[ortgage ~hall bc :;overnecl b~• the l~«• of the jurisdiction in ~vhich
; the Propert~ is locnted. In tLe erent that an~ pro~•ision or clause of this ~~tortgage orjthe ?~ote conflicts with
~ :?pplicable la«, such conflict ~hall not. affect other ~~ro~•ision~ of tl~is \iortgage or the \ote ~vhich can he given
~ et~ect without the conflicting ~~ro~_ision, and to thi~ cn~l the pro~-i~ion~ of tl~e \~Iortgage and the I\Tote are declared F
i to be severable. ~
~ 16. Borrowei s Copy. Borro~~~cr ~1~x11 be furnishc~l :1 contormecl cop~• of thi~ ~Iortgage at thc time of execu- ~
tion or after recorciation hereof. ~
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~ 17. Tr~sfer of the Properiy: Assumption. If :ill or an~• ~~srt of the Propert,y or an interest therein is so
~ or transferred 1?~~ Borrower ~~ithont I.en~ler'~ i~rior ~~•rittcn ~c?n~ent. cacluding ~al the creation of lien or encum-
r hrance suhonlinate to tl~i~ ~(oKgage. Ib1 the cm~tion oi ~nu'chu~c~ mone~ ~ecurity interest. for household appli-
~ :uice.~, Ic) a transfer b~~ ~ie~•ise. ~}c•cent or h}• o??c'r.?tion oi la~~~ u~~on th~ ~Icath of a joint tenant or (d) the grant of g
~ :?ny leasehold intere~t of tl~ree ~ears or Ic~; not containiu~ an o1?tion fo purcL.?se, i.ender ma~. at Lender's option, ~
~ ~leclare all the ~um~ secured 1?}' thi~ ~IortKag~ to he imuic~cli:?tch• ~h~c sn~l »a~.tililc. I.encler ~hall ha~e ~vai~~ed such
option to .?ccelerate if. prior to the ~ale or tr~n~t~~r. I.en~lcr au~1 the ~?eron to «hom the Yroperty is to be sold or
~ transierrecl reach agreement in ~~riting tl~at the crr~lit vf ~uci? ~~er~un i~ ~ati~iacton to I.enrler and that the interest
!>av~le on thc swn~ ~ecure~l by thi~ ~Iortga~c ~Lall Le st ~u~'I~ rat~• a~ T.cn~icr shall request. If I.ender has waived
the option to uc~elerate provided in this ~~nragr.?~?L 17 anri if 13orro~~•er'~ ~uccessor in intere~t I~as executed a writ- ;
1en assomp!3on lgree~nent scceptc~l in ~~ritin~ Len~ier, ( i~n~ler ~h:~ll release Borrower imm all obligations under i
~ this ~torigaee and the \ote. '
~ If I.ender exercises such uption to acceleratc. I.ender shall ~u:tit Borron~er notice of acceleration in aeeordance ~
w~th ~~aragra~>h 14 hemof. fiuc?i notice ~ha11 I~ro~"i~le {?e•riat oi not 1~~~ ti~un 30 ~la~'s irom the datc the notiee is
~ uiuiled v:ithin ~~'hich Borm~scr ma~ ~~3t' the ~un?s declarc~l ~lu~~. If Borro~~•cr fails to ~~a~• ~uch ~um~ prior to the
~~xpiration of ~urh ~mrial. I.endcr in:i}•. ~~'itl?rnit further nnti~~~ or ~lcwan~l on Rorro~~-er. in~-oke an~ reme~iies per-
~nitted by paragraph 12s hereoi.
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~=.i \„~-L'~ir•~~itr~ l'u~-r:~.?x~r~. {ie?rru~c~•r un~i I.~>n~l~~r ti~rth~~r c•~?c~~n.~nt .iu~i ~i;:ree .i~ Yollo~ss:
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« 18. Acceleration; Remedies. l~;xcc~{?t a~ ~~r~~~•i~l~~~l in {?:u':?~;r:?1?{i 17 I?en'o~ • ul'ou ~;orro~cer'~ breach of an~-
~ ~•o~•en:~nt ur aRreriuent ~f BorroH•er in thi• ~IortKs~;c•. in~lu~linK the ~u~•e•nant~ to par ~~•hen ~iue any sums Secured f
by this ~Iortgage, I.cn~ler ~?rior to a~~clcr~ti~n ~hall nr.iil uotiec to Borro~~•cr xs pro~'idcyl in parngraph l4 hereof
~ specil~-in~;: 111 thc bre.icl:; 121 thc :~~ti~n r~~quircyl to cure ~u~~l~ breach: ~31 a date. not les~ than thirty days ron~
~ the ~late tlic ~~otice i~ mai1~~1 to Burro~~'<~r. I~}' ~~'hi~~i ~u~li f?macl~ mu~t bc curcxl; an~1 1~1 ~ thai failurr to cure such !
~ breach on or before the ~tate ~pecifieil in the notice may rr~uit in aceeleration of the siuu~ ~ecureci b~~ this ~Iortgage
~ aucf ~.~le of the Ym~?crty. if thc hreacl~ is nut ~•m'e~~ on or 1?efore thc date ~pccificcl in tl~e notice. I.ender at I.ender's
~ option ina~ ~iecl:?re :ill of ihe ~un~~ ~ecuntii br tl?i: ~lortKu~c to bc inu?x~li~ttely dae and ~~~yable withc~ut further
~ demand an~t m~?y foreclo~c thi~ ~tortgx~~• jt~~li~'iui ~~rocce~lin~. I.~~n~ier ~h~~ll be cntitlerl lu collect in ~uch procee~i-
ing .~11 ex~?enses oi foreclo~ure, inclu~ling, hut not li~uitctil to, reusonable attorn~~y`~ fce~. :~nd costs of docun~entan' ,
evidence, abstracts and title re~~ort~. i
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