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8. Inspeciiob. l.ender ~ua~' makr or ~•uu.c 1o IK~ u~u~t~~ reu;unahl~• ~•ntrie~ ~q,on iu?~I ins~,ectiuu,: of the Prop- "
~rty, pmvidecl that iknder •hiili gi~•c Rorro~~•~~r noti~•~~ ~?riur to :?u}• •url? ii~•~~rction •~meifyiug reasonable cause =
therefor relatecl to I.ender's intcrest in thc Yropert.y. ;
9. Condetanatioa. The praceeds ot any :~~~•nn1 or ~Inim tor dawage~. ~1inc1 or consequential, in conncction
~~•ith any coudenmation or other takinR of th~~ Yro~x~rt~ , or ~~~~rt themoi, c?r for ~•onveyance in lieu of condemna- ~t
t.ion, are hereby as.~iKne~l nnd sl~all 1?e paid to 1.encler. 4
In the e~~ent ot a totnl taking o[ the Yroix~rt~~. th~• pccx•~•~~is .hsll In• a~~~~li~yl to the ~uu~: •crw•~r) h~• this ~~iott- ~
~;age, ~~•ith the excess, if ~ny. p~i~i to Borm~~•er. in tli~ c~~rut of a ~»rtii~l takin~ of thc Yro~~c~~~, iu~lesc IIorrower
and I.ender othen~•ise ngree in writinQ, them ~hall h~ :~~y~li~~l to thr ~ium ~ecunyi h~• this ~(oN~t~ge such propor-
tion of the proceedg as is equul to thnt proportion ~vi?ich tl~e :unount of the s~uu< secureci hy this \iortgage imme-
~liatelp prior to thc dttt~~ of taking bean to tli~: f:tir iu,u~k~•t ~•alue of th~• Nro~~ert~~ imnx~lintel~~ prior to t.he date of
taking, with the lusla~~ce of the ~~rocee~i~ ~?ai~l to Borm~ti•er.
If the }'ro~~ert~y is abundoneci by 13orro~~•er or it aftcr ~~oti~•~• I,~• Leuder to Borro~~•er th~?t tl~e cundemnor ofi'ers
t0 111RICC All t1~YA1'[~ UP SCtL~C ti C~alill fOt ~IAl11A~;t',i, Aorro~~•cr fzils to res~?on+i to I.ender ~~ithin 30 days of the date
of such ~iotice, I.ender is 3uthorizeci to collert :u~d a~?j?ly tl~c ~~roe~~~l~ .~t Lci~drr'~ option citlicr ia restoration or
repair of the Property or tn th~• ~wn.g ~ecs~red b~• thi~ \tort~;a~c.
Unle~s IA~nder and Bormwer othet«isc agrce in «riting, any such application ot procecds to principul shall
not extend or ~wst~wne tLc due ~ute of tlic n~onthh in;tnlln~ent. rctcrred to in par:i~rn~?hs 1 nnd 2 hereof or
rhunge thc :?mount oi such instaliments. '
10. Bortower Not Released. F.xtcnciou of the tiu~e for ~u?~•u~ent or malificxtion of .unortiaation of the swns ;
.ecured i~y this ~iortguse ~ran~ed b~~ 1.ender to fln~• ~accessqr in interest of Borra~ver sl~al) not o~~ernte to release,
in any n~amier, thc liahilit~ of the original Rorrowcr an~i Rorro~r~r'~ succc~sor• in intcru~t. I.ender shall not be
requit~eci to commenee procee~lings ngninst~ such sucee:sor o~• mfu~~ to extencl time for px~ment or other~cise modity
:unortization of the sums secureci i~y this \Iort~:~~c 6~ mASOn of ~in~' ~1en~an~1 ina~ie h~• the original Borro~er and
Borro~ver's successors in intemst.
11. Forbearance by Lender Not a Wanver. ai~~~ forhe~r~nc~• b~ I.ender in exercising any right or remedy
i?ereunder, or othen~ ise aPFonieci 1~~ applicaUlc la~~ ,~h~ll not 6c n•ai~ er oi or preclude the exercise of any right
or remc~iy hereunder. 'Che pmcuren~ent of insi?r:tnec or tl?c ~,nyment. of taxes ~~r other licns or charges by I.ender
shall not hc a~~'ai~•er ot I.ender's right to acr,elerate thc m:?turit~ of the indebtedne~. secureci by this ~iortgage.
12. Remedies Cumulative. All remcdies providc~l iu thi~ \tort~a~e nre distinct_ and cumulative to any other
i~ight ~~r m~neci~' ~uuler this \Iort~~Re or afforclcwi h~• ln~~• or e~i~it}•, :in~l m:?~ i?e exemiscYl eoneurrentl~•, independ-
~~ntl~ or ~ucces.~i~ elV.
13. Successors amd Assigns Bound; Joint and Several Liability; Captions. Tlic co~•enants and agreement~
herein contained shal) hind, and tlie ri~ht~ herew~der ~hzl) innr~ to. the re~pecti~•~• ~uccec~on and a~signs of 1.ender
:tnci Rorro~cer. ~uhject to tiie ~?ro~•i~ion~ of ~>.u•R~;r:i~~h 17 l~creof. :111 c•o~•iru~ints .tmi a~reements of Borro«er shall
{?e ioint, :u~d ~e~•~~ral. "fhc ~~.ti~?tion~ :uxl I~eading. of tli~r ~?ar:it;r:~~~}?~ ~~i tl~i~ \Iortga~~ :im fen• con~•enience_ only and
;?re not to be used to inter~~rei or ~iefinc thc ~~rovisiom hE:rcot_
14. Notice. anv notice to 13ormwer ~~ro~•idcYl for in t{ii~ \lort~;akc• ~Ir?II Im ~*i~•en h~• mailin~ ~iicl~ notice b~
~•ertifieci ~unil a~t~irec~c~i to Borro~~•cr at the P~~pert~• :1~ldr~•:: :taicrl h~lo~~•. rxce~~t for an~• noti~~ required under
~~ar:igr:iph 1$ hereof to hc Ki~•en to Borro~~-er iu th~• uiann~•r ~?re•~rihc~l h~• :~~~~~lic•ablc lz?«~. ~n~• not.icc pro~~i~led
ior in this \tortgagc ~l?all l~e cicemerl to h~~•c heen ~i~•en to Rorro~~•~~r ~~-I~en ~?i~•en in thr m:?nner ~lesig~~ateci herein.
15. Uniiorm Mortgage; Governing Law: Severability. Thi~ forni ~f mortgar~ ~~o~nbinc~ imiform co~•enants
; for national use and non-unifotm co~•enaut~ ~~ith lin~ite~l rariatiom I?~• juri~dictiou to constit~tte a uniform secu- -
I rity instn~u~ent. covering real ~~mpert}~. Thi~ ~tortga'e ~i~all he ~~ot~ernc!1 b~• the In~~- of thc jurisdiction in ~vhich
! ti?e Yropert~ i~ located. Iu th~ erent that :u~~• ~~ro~~i~ion or ~lai~~e of thi~ \Iortgagc or the \ote conflicts with ;
( aipplic~ble I~~~~, ~uch conflict chall not aflcet other ~~ro~-i~iom of thi.~ ~tortgu~e or the \ote ~vhich can be given
( effect ~~•ithout ihe conflictin~ ~?ro~•ision, and to thi~ en~l the >>ro~~i~io~is of th~ \tort~ARe and the \Tote are declareci
to be sevemble.
16. Borrowei
s Copy. Borro~~'er ~hall he furnishc~l a~~onforn?ed co~i~• of this \iortgagc at thc time of execu- _
t ion or after reconlation hereof.
17. Transfer of the Property: Assumption. If all or :in}- >>art ~i thc Pmperty or an interest therein is sold
or transferreci h~• Borm~ver «•ithout I.en~ler'~ prior ~~~ritten ~~i?n~ent. c~cludin~ (a) tl~e ~•reation of a lien or encum-
hrance ~uhoniinat~ to ti?i~ ~IortK:~~c. ~1~? the ~•rcation ~f :i ~?~urli:i~~• uionc}- ~eciirit~• intcrest for household appli-
:u?ce~, ~cl a tr~n~lc•r l,~• ~le~•i+c. ~le~cent ~?r h~• oR,~~rstinn Ot ia~~ u~~on th~~ ~leath of joint tenanf or id) the grant of
:in}• lcas~•hol~l intcrc~t tlrrce ~car~ or Ic=~ not ~•nntai»in~; an opti~~n to ~nurlia~e. Lendcr ma~•. at I,ender's option,
~ieclare :?11 tl~e ~un~~ •e~•nm~i h~- thi~ ~Iorts~:t~;c to h~ iiu~ur~liat~•l~• rh~~~ :u?~1 ~?:t~-.~blc~. i.en~ier ~hall havc ~~si~•ed such
uption to :?~•crlcr:ite ii. ~~rior to the ~alc or tran~icr. Ler.~icr :ui~l tlic ~?crou to ~~iiom the Yropert~ is to be sold or £
transierred nach :igrecn~ent in ~criting th.?t tl?c c•ralit ~?f ~i~cl~ ~?cr~on i~ ~ati~t.~ctor~• to 1.ender and that the interest ;
~?ayable on the ~un~~ -i~cured b~ thi~ ~lortKa~;c ~l~all I,c ut ~~u~l~ ratc~ a~ T.enricr shall rc~ut:.~t. If I.ender has waived ;
tlie optiu~i to ar•~~eler.~te ~?ro~-i~1~t in tiii~ ~~ai•agr:~~?l~ 17 :+n~! ii lion-o~~~e~r'- ~ucce~~or in interest I~a~ executed a writ- f
teu a~u~n{~t.ion agreement :t~~~•c~,tc~l in ~vritin~ I~~- L~•n~1er. L~•mt~~r ~hall releasc Borro~vcr fro~n all obligations under i
this vfortg;igc nnd thc \ote. ~
~ If l.ender exerci~e~ ~ucl~ o~?ti~~n tu acec}ers?tc. I,e~u~ir~r •h;~ll ~nail Rorro~~•er notice of :icceleration in accordance 3
~~~ith ~r.irx~ra~?h 14 hercoi_ ~ucl~ noticc ~hall ~~ru~~i~le :i ~n~ri~xl oi not I~~~~ than 30 ~1a~•~ irom the datc the notice is ~
maited c~-itliin ~~-hich Rorro+~•cr ui;~~• ~r.~~• ti~c swn~ ~lc~lare~l ~iu~•. If Borro~~-cr iail~ to ~~a~• ~uch sun?~ prior to thc ~
~ ~~x{riration uf •u~h ~?cri~l. I.en~ic~r ~u:«•. ~~-ith~~~~t fi~rth~~r noti~•~• ~~r ~Ic•nuin~l on RormKer. i~i~•oke :~m• remedie: per-
~ n~itteci bV paragra~~h 18 hereof.
~ ~/?1-~~\1Fllit~I (~(1~'F.\A\T~. ~;(11'1'O\~'l'1' illll~ ~d•11(~Pf' 11U't~l('1' ('l)\'1'lliill~ iUll~ il~l'l!l' ilt t~0~~01~'t: y
18. Acceleration; Aemedies. I~:x~•c~?t :i~ ~~ro~-i~i~~~i iu {?,?r:iRrapli 1% hc~reof. ~i~~ui~ 13orro~c~•r'~ brcach oi an~-
~•u~-en:tnt or .iKrec•~nent of Borro~c~~r i~e Ihi~ \Iortg.iKc•. in~iu~lin~; tlu• ~•o~•c~na~nt, to ~~a~• ~~-hcn ~lue :in~ ~ums secured
by this ~fortg:tKe, I.en~ler ~?rior to sc~•clc•ratiun ~hail wail notiee to 13orro~~•~~r as ~~ro~•i~icd in paragraph 14 hereof
~ ~pecifVint~: ~ 11 tlic bre.iCll: 121 ~Ilc a~•tiuii r~N~uirc•~t to ctn•c ~uch hrcacli: +3~ a~lat~•. not I~•.~~ than thirt~• ~ia~s from
~ the ~latc tl?c notir•c i~ ~uailc~t tu 13on•~n~~~~r. I?~- ~~~hicl~ ~u~•li l~msch mu~t 1?e ~•ur~•~i: and ~4? th:?t failtirc to cure such
brrach on or I?ciore thc• ~latc y~~+~itic~t in th~• ~sotir~ ma~- r~•~ult in ae~•~~leriti~?n of the suu~~ ~c~ured by this ~lortgage
:ind ~:ilc ot the Pro~?cr~~•. Ii ti~c brearh i~ noi ~•ure~t on or 1?efore~ thc ~I.~te ~~x~cific~i in the notice, I.ender at I.ender's ~
option w.l~ ~lecl:?re .?II of the ~un~~ ~~•cure~l I,y thiy \lotiga~e-to I?c im~rn~fiateh~ dt~e anii pa~able Kithout further ~
~ rlemand and u~ay forccl~,s~ thi~ ~tortg.iKe h~' ju~li~•iatl ~~rcx~c~yliu~. L~~n~icr ~h~ill 1?e cntitle~l to coUect in such proceecl- ~
~ ing al! ex~~cuses oi forcclusurc. inclu~linK. I?ut not li~uite~l to, re.isonabl~• attorn~~}•'~ fces, an~i costs of documentarr ~
~ cr•idence, abstracts and titlc re~wrt~.
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~ ~ go~K 244 PAGE1426
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