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8. tasp~ctioa. l.ender ~nay makc or ~a~wsc to Ix• wi~de reusuuable entries upou und inspcetious oi the Prop-
erty, provide~l tl~at I.ender sl~all give BorroHer notice ~~rior to any sucl~ ins~~ectiou r{~ecifying reasonable cause
therefor related to Lender's interest in the Ymper6y.
. 8. Coud~maatioa. The proceeds of any awarrl or claim for damages, direct or consequential, in connection ~
wiEh any condemnation or other taking of the Property, or ~~art tl~ereof, or for con~~eyancc in lieu of condemna- {
t,ion, are hereby assignerl and shall be paid to I.ender. ~
In the event of ~ total taking oi the Pmperty, thc proccecis shall i~e appiieci to ti?e ~ums secured by this Mort-
gage, with the excess, if nny, ~~aid to Borrower. In thc e~~ent of a partial taking ot thc Propert,y, unless Borrower
:?nd I.ender otherwise ~?g~ree in ~vriting, there shall 1?e ap~~lie~i to the sums secureci I,y this \Iortgage such propor-
tion of the proceeds as is equal to that pmportion ~vhich tl?e amount of the sums secured by this ~iortgage imme-
diately prior to thc date of taking bears to the fair n~arkct valuc of thc Property immedintely prior to ti~e date of
taking, with the l~xlance oi the proceeds paici to Borrower.
If the ProperLy is abandoneci by Borrower or if ;~tter noticc b~• I.ender to Borro~ver that the condeninor oRers
to make an award or settie a claim for dan~ages, Borrower fails to resiwnd to I.ender ~vithin 30 days of the date
of auch not•ice, i.ender is authoriaed to collect and ~pply the procceds ut I.ender's option either to restoration or
repair of the Property or to the sums secunYl by this \tortgage.
Unless I.ender And Borrower otherwise agree in writing, any such application of proceeds to principal shall '
not extend or ~~astpone the due date of thc monthly instullments referrc~i to in parxgra~~hs l And 2 hereof or
change the amount of such installments.
10. Barrower Not Released. Extension of tl~e tin~e for ~~~?vment~ or modification ot amortisation of the sums
secured by this Mortgage granted by I.endcr to any successor in intei~est of Borrower shall not operate to release,
in any manner, the liability of the original Borrower and Borrorvcr's successors in intemst. T.ender shall not be
requireci to commence procec~ilings Against such suce~or or ref~~~e to ektend time for pavment. or otherarise modify
:~mortiEation of the sums secured bv this ~iortgage by reason of an~• demand made by the original Borrower and
Borrower's successors in interest.
11. Forbecaance bp Lender Not a Waiver. Auy forbearance bv Lender in exereising any right or remedy
hereunder, or otherwise at~orded by applicable la~ti , shall not !,e a~~ aiver of or ~~reclude the cxercise of any right
or ren~eciy hereunder. Thc procurement of insarnnce or the payment. of taxes or other liens or charges by T.ender
shall not be u wuiver of I.ender's right. to uccelernte ti~e mAturit_v of the indebteciness secured hy this ~4iortgage.
12. Remedies Cumulative. All remedies provideci in this ~iortgage are ciistinet and cumulative to any other
right. or remedy i~nder this ~igrtgage or ztt'orcled b~ la~r or equit.y, and mav be exercised concurrently, independ-
ently or successively.
13. Successors amd Assigns Bound; loint amd Several Liabilily: Captions. The covenants and ugceements
~ herein contained shall bind, nnd the rights hereunder shall inutc to, t.he res~~ective succe~sors nnd assigns of I.ender
:~nd Borm~ver, sabject to fhe pro~•isionc oi pztrngrnph 9? l~ercroi. All covenants and n~reements of Borrower shall
be jaint u~zd ~e~•eral. The captions an~i I~eadings of thc j?ara~rn~?h~ of this \tortgage are for convenience onl,y and
are not to be used to interpret or definc thc ~~rovisions hercof_ _
14. Notice. Any notice to Borrower ~~m~ ided for in thi~ ~[ort~age ~h~ll 1~c given by mailing ~uch not~ice by
certified ~i~ail nddresseci to Borro«er at it~c P,opert~• adcirc~~ statcYl 1,rlo~c, except~ for anv notice requireci under
~r.~r:~graph l8 hereof to be given to Borro~~•er in the manner ~~rescribi~ti 1?~• upplicable lan•. ~ny notice provideci
for in this \Iortgage shall l~e deemeci to have I~een ~iven to Borro~rer when gi~ en in the manner designateci herein.
15. Uniforai Mortgage; Goveminq I.aw; Severability. Thi~ forn~ of mortgage combines uniform co~~enants
for national use Snd non-uniform covenants ~vitli limitecl ~•uriationc by jurisdiction to constitute a uniform secu- .
rity instrument ~covering reai ~?ro~~ertt . This ~iortgage shall I~e governeci by the la~v of t.hc jurisdiction in ~vhich
the Praperty ig located. In the event th~?t an~* provision or clause oE this ~riortgage or the l~Tote conflicts with
applicable lawj'sucli conflict shall not affect other ~~ro~•isions ot tl~is \io~tgage or the I`Tote which ean be given
et~ect without~the con8icting provision, and to this end the ~~m~-isions of the ~Iortgage anct the Note are declared
- • , ~ :~be st~'•~•~.
16. Bosrower's Copy. Borro«•er sliail be furnisheci s confornicd cop~ of this \Iortgage at the time of execu- _
tion or after recordation hereof_
17. Transfer of the Property; Assumption. If ~ll or an~ ~~ah of the Property or un interest thetein is sold
or transferred by Borrower n it.hout I.ender c prior «•ritte~i consent, excluding (A) tl~e creation of a lien or encum-
brance subordinate to tHi~ ~fortgage, (b) thc creation of purcLase ~none~ securit~ interest tor household sppli-
' xnces, (cl a tr:~nsfer h~ devise, descent or by o~?eration of la~~- iq~on the ileath ot ~t joint teuant or (d) the grant of
any leusehold interest of three ~esn or le_s not cout~ining an optiun to purch.~se, I.ender ~nay. at Lender's option,
l ~le~lare all the sum~ ~ecureci b~• tl~is ~Iortgnge to hc immeciixtch• ~iue and Pa~ ~ble. T.ender shall have waived such
' option to aiccelerate if, prior to the sale or trnn~fer. I.ender :uid tl~e person to w hom the Pro~~erty is to be sold or
transfeneci reach agreement in ~vriting tl?at the crt~clit of sucL ~~c~on is ~:~tisf:ictory to I.ender And that the interest
pay~bte on the ~ums secureci by this ~[ortgage sLall bc ut sucl? rate as t.ender shall request. If I.ender has waived
the option to uccelerate provideci in tLis paragrapL l7 an~l if Borro~~•er'~ ~uccessor in interest l~as e~cecuted a writ-
' ten assuru}~fion agreement acceptecl in ~vriting hy I.ender. I.crnler ~liall releasc Borroner from all obligations under
~ t his Mort~gagc and the ~Iotc.
~ If i.ender exercises sucl? option to acceler:~te. I.ender shall mait Borro~ver notice of acceleration in accordance
; ~~•ith paragraph 14 l~ercof. Such noticc sl~all ~uo~•icie a ~?erial ot not lc~.~ than 30 days from the date the notice is
~ ~uailed ithin ~~~hicl~ Borrow~cr u~a~• pa~ the sums declarect ~iuc. If Borro~~•er fail~ to pay such sums prior to the
~ expiration of ~uch perial, I.ender ~na,y. withoi~t farther notice or ~len~an~l on Borrower, in~oke any remedies per-
initted by parsgraph 18 hereof.
~~U\-U~IIFt)ft~i ~'ov~xa~~. Rorru~er.u~d Len~ler ftn•thc~r co~•~~nant and agree a~ folloWS:
18. Acceleration; Remedies. F:xcept a~ ~?rorided in parn~ra~?h 17 hemof. upon Rorm«er s breach o( an~
' c~~•enant or a~reement of Borrower in tl~i~ ~Iort~:?~e, including tlic co~~enants to pa~• ~~•hen due any sums secured
by this ~iottgage, I.ender prior to accelerstion ~i~ail u~ai{ notice tu Borroc~•er as ~~rovidecl in paragrapl~ 14 hereot
specifyin~: (1) the bre~ch: f2? thc action rayuircyl to cum sucl~ brcach; ;3i a~iste. not lc~ than thirt.y days from
the datc tlic notice is maiie~i to Borro~ccr, 1?~• which ~uch bmach ~nust be curecl; and ~4? that failure to cure such
; bmach on or beiom the datc s~~ecihccl in lhe notiec mac rrs~ilt in ac~eleration of the ~uuzs secured by~ this ~tortgage
and sale of the Yroperly. If the breacle is nut curcYt on or i~efore the datc r~~ecifiecl in the notice, Lender at Lender's
option may declarc all of thc sums secured b~ this \(ortgaRc to Ix imwediately due and payable without further
~ den~and and may foreclose this ~fortgage b~• judicial procecvlin~. Lender ~hall I~e entitled to collect in such proceed-
' ing al) cxpenses of foreclosure, including, but not limited to, reasonabtc attorncy's fe~, and costs of documentaty
' evidence, abstracts and title re~~orts.
~OOK PA6E / Ul
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