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8. Inspsctioa. l.ender may tuake or cause to Ix made ~raronable ~~uh•i~~ u~wn and inspections of the Prop- ~
~rty, provided ~hat I.ender shall give Borrowcr ~~oticc ~?rior io ~~nv .uch ins~~ection s~,ccitying reasonable cause ~
therefor related to Lender's intcrest in t{~e Yroperiy. ~
8. Coademnatioa. The pmceects oi nny nwarcl ar claim for cian~ages, clireet or consequential, in conneetion ~
~vith 9ny condemnation or otl~er taking ot the Pro~~etty, or ~~:irt tl~ereof, or for conveyance in liea of condemna- ~
tion, are hereby assig~ie~l and shall be paid to I.ender.
In the Qvent of a total taking of the Property, the proceccis shnll Ix~ ap~liccl to the Kums secured by this biort- ~
gage, ~vith the excess, it any, ~~aid to Borrower. In tl~c event ot a ~~artit?1 taking of thc Propcrty, unle~s Borrower j
:~nd Lender othervise mgrce in ~vritinR, there ahali i~c Apptied to thc sun~s secure~i hy this ~~ortgage such pmpor- ~
tion of the proceecis ns is equal to that ~~roportiot~ ~~•hicli tl~e amount of thc sums secured by this ~sortgage imme- ~
diately psior to the date of taking I~ee~?~ to the [uir roarket ~•uh~e of thr Propert;v immeciiately prior to the date of
taking, with the balance of thc proc_eecis paid to Aorm~~er.
If the Property is nbandoned by IIorrower or if ntter ~iotice b~~ I.ender to Borro~vcr that the conden~nor of~ers
to make an a~varci or settle elaim for damages, Horron•er foils fo te.cpond to I.ender ~viti~in 30 cta,ys of the date
of such notice, 1.ender is auttioriseci to collect arut ap~~lv tHc ~~rocceds :it I.c~~der's option citlier to restoration or
repair of the Property or Lo the st~nfs secured by thi~ \IortRage.
Unless T.ender nnd Borrower otherwise agree in wtiting, any such application of proceeds to {~rincipal shall
not extend or post}wnc the due date of thc monthly instalhucnts refcrreci to in paragrupl~s 1 ~uid 2 hereof or
chnnge the amount of such installments. .
10. Boreower Not Released. Extension of the ti~ue for pnvment or ~nodificAtion of amortization of the sums j
secured by this Zlortgoge grnnted by I.ender to anv successor in interest of Borrower ~l?All nat operate to release,
in any ~nnnner, tl~e liabilit~ of f}~e origina) 13orrower and Borro~ver'c successora in interest. T.ender shaq not be
rec~uirc~i to commenee proceedings ngainst such successor or refuse to extend time for pnyment or otlier~vise modify
amortiastion of the sun~s secureci bv thic \tortgagc h,y reason of any demand mude by the original Borrower und
Borrower's successors in interest.
11. Forbearcmce by Lender Not a Waiver. ~1uy forbe~rnnec bv I.ender in exercising s?nv right or remedy
hereunder, or othernisc aRordeci b3• applicable la~r, sha11 not !x~ z~~niver of or precludc tlte exercise of any right
or ren~ed}• hereunder. The procureme~~t of insurance or the ~~nyment ot taxes or other liens or charges by I.ender
shul) not t~e ~ ~~•aiver of T.ender's right to acceler.~te the matiirity of tt~e indebtedness secured by this ~riortgage.
12. Remedies Cumulative. All remeciies provicled in this ~iort~Age are distinet uncl eumulative to anp other ~
right ar remedy~ andcr this \tortgaRc or af~ordcYl hy la~~• or cquit~r, and may l~c exercisecl concurrently, independ- -
ently or succ~csively.
13. Successors and Rssigas Bouad: Joint amd Several Liability: Captions. Tl~e corenants and agrc~ments
herein cantaineci sl~a11 ~~ind, and the rights hereunder slial) inu~r. to, thc res~~ective ~ucce~sors znd assigns of Lender
~nd Borroti~cr, ~ubjcct to the pmvisions of ~~aragraph 17 hercoL :~ll co~•~nants and agrecn~ents of Borroaer shall
t~ joint siul ~creral. Tl~e captions and l~eadings of thc ~u~rn~ra~iL~ of thi< \tortgage are for conti•enience only and
are not to be used to interpret or define the ~imvisions hereof.
14. Notiee. ~ny noticc to Borro«cr providc~ci for iu thi~ ~(ortga~c ~lu~t! b~ ~i~•en by maiiin~ such notice by
~ertifiecl wHil :uidrecseci to Borm«er at the P~opert.~~ _lddre~~ ~tatecl helo«-, eaeePt for an~• noLiee requireci under
~r.u:igr:~ph 18 liereof to bc git~en to Borro«•er in the ~na~iner ~~m~crihetl• b~~ i~pplicablc la~. ~n~• notice provideci
for in thic 1(ort~uge chall be deen~ed to liavc hecn gi~en to Borro~cer ~~-hen gi~~en in thc ~unnner designated herein.
15. IIaiform Mortgage; Governiag Law; Severability. Thi~ torn~ of mortga~e co~nUinc~ uniform co~~enunts
ior nationai i~se :ind non-uniforn~ co~~enant~ ~vitl~ limitecl ~•ariation~ b~ iurisdiction to constiti~te a uniform secu-
rity instrument covering real propert,y. This ~iort~age sl~all be go~•crneci b~ the lu«• oi thc jurisdiction in ~vhich
the Yroperty is locatect. In the event ti~at. any pro~ision or clause of this ylortgage or tl~e Note conflicts tivith
applicabte la~~~, such conflict shull not. affect other ~~ro~•i~ion~ of this ~to~rtguge or thc \Tote which can be given
ef~ect ~~~ithotit the conflicting provision, and to this end the a~m~-ision~ oF thc \Iortgage an~ the \otc are declared
to be severable.
16. Borrower's Copy. Borro~+er ~hall I~c ftirnistic~l u conforn~ed ro~n- of tl?is \iortgagc at the time of execu-
tion or after recordation l~ereof.
17. Transfer of the Property; Assumption. If :ill or ;tii}~ ~~art of tl~e Property or an interest thetein is sold
or transferred by Bormner «~ifhot~t I.ender'~ ~irior t~•ritten ~or~~ent, e~cluding fal the creation of a lien or encum-
brance siilforclinate to thi~ Zlortgagc. (1z1 tlie creation of .i pi~r~La~c~ ~uone}• ~ecurif~~ interest for hou~ehold appli-
.+~ices, (c) a transfer bti• devisc. descent or h~• op~ratio~~ ot la~~- u~w~i th~~ ~lcath of a joint ten3nt or (d) the grant of
any leaschold intcrest ol threc ~~ean or lcs~ not ~•ontaining un optiun to purcha~c. 1.encler ntay. at T.ender's option,
~ieclare all the :utn• ~ecureti i~~• thi~ ~Iort~age t~r be imuuKliatch• ~tu~ xn~i »~~•sbtc. T.en~ier ~hall ha~•e wai~ed such
option tu :iceelcrntc if, prior to thc ~zlc or transfcr, Lendcr .~u~i ti?c ~Kro~? to ~vhom tl~e Pmpert~• is to be sold or
tranrjerred reach agreeuient in «•riting tltat tl,c cr~~iit ~~i ~i1CIt t1C1's011 •atisf.ictor~- to 1.ender and that the interest
t~uyable on tlie sutt~s secqreci bti~ ihis .llortgage ~ball be at ~uch ratc i.endcr sLall mqucst. If I.ender has waived
the option to .~ccelerate proviclecl in tliis ~~aragrapL 17 anrl if Rorrn~~•er~~ ~uceetor in interest Las executed u writ-
ten asstunption agreetuent a~cepted in ~~ritin~ b~• I,cnder. Lcuc~er ~h:~il relcase Borro~ver fmm all obligations under
this a~'Ior'tgagc and thc Note.
If 1.ender exercises suci? option to acceterate, I.encler sh~~ll Tnail 13orrower noticc of acceleration i~~ accordance
a•ith J?aragrapli l4 hereof. ~ncl~ notice ~h.~ll 1~ro~•i~le a ~~eriai of not~lc~~ than 30 ~isy~ froen the date the notir.e i~
n~ailed ~~•ithin ~shicli Borro~cer may ~~a~~ tLe su~ns declarerl ~lur. If Bon•o~ccr fail. to p:~~• suciz ~um~ prior to the
exj~iration oi such ~~erio~l. I.endcr ms~, «-ithoi~t fti~rther noti~c~ or ~len~an~l on Borro~rcr. im~oke an~ remedie~ per-
mitted }?y paragraph 18 hereof.
\~~a-['atr-~?~c~t (.'ov}:~.~x-r~. }3orrowcr ancl I.enaer fui•th~~r c~~•~mant .~n~l a„ree a~ follo~cs:
18. Accelercttion; Remedies. [~.x~cpt ~?ro~•id~~d in ~~ar.?grci~?1~ 17 hercof. iq>on 13orrn~~-er'~ hreach of anc
co~•en:tnt or a~recroent of BorroH•cr in thi~ ~tort~.tgc. inclu~lin~ the co~•e•nant~ to ~ia~ ~~•1?en ~iuc xny sums securecl
by this ~lortgage, Lender prior to acctleration shall niail no4i~c to Borro~~•cr as pro~~i~led in puragraph 14 hereof
specit'~~iu~: Ili tl?~• bmach; t2) tl~c:?ction rcquiriyl"to rUre ~ueir'htt~aci?: ~3~ a date. not tes~ thaa thirir days from
the ilate thc notice i~ niaiicd to Borrun-er, h~~ wlitClt -uch In•c~ac}~ n~u~t lH~ c•iire~i: ~init I-!? that failurr to ~ure such
breacl~ on or ixiore ihe d<ite speciGed in the noti~c n~a~~ result iu 3c~e?erution of the ~u~u. ~ecureci by thi. ~iortg~ge
and s:~le of the Yrojterty. If the l~rezch is not cur~Yt on or hefore thr ~late ~~~eeifieci in the notice, I.ender at I.ender'~
option n~fly de~l:~re all of thc ~~uu~ •ecureci b~• ihis ~lort~a~c to bc inw~c~iiatel~ ilae and payable without further
demand and u~ay foreclose this \Iort~u~;~~ 1,~• judicia( ~~roct~c~iin~;. L~~n~(er,l~ail I~ rntitleci to coltect in wch proceed-
ing aIl ex~~enses of foreclosure, inciuding, hut not lin~itr~l tu, reason:iblc attornry'. fees, snd costs oi documentar~
evidence. abstract~ :tnd titlc rcj~orts.
~oo~ ~4~ PAGE 155
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