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8. laspectloa. Lender may make or cause to be made raa~onable entrie~ upoa and in~pectioru of the property, pmvided that Leader shall
give Horrower aotice prior to aqy such irupection ~pecifyin6 reaaonable cawe tharefor related to Lendei s interest in the Property. _
9. Coademt~ation. 71~e proceeds oi any award or claim for daanaQes. direct or cocuaquential. in rnnnection with eny oondemnation or
other taking of the pmparty, or part thereoi, or for conveyance in lieu of condemnatioa. a» h~reby aasigned and ~hall be paid to Lendes.
I~ the ev~ of a total taking oi the Property. We pt+occeds shall be appGed to the ~nma se~wred by this Mortgage..with the ezoees, if any, ~
paid to Borrower. In the event of a partial taking of the Property, unlees Borrower and l.ender otherwise agree in writing. there shall be
applied to the suma ~ecured by thu Mortgage such proportion ot the proceeds aa ie equal to that propoition which the amount of the auins
decured by thia Mortgage immediately prior to the date of taking beare to the fa'u market value of the Property immediately prior to the dete of
taiung. with the balanca of the proceed~ paid b Borrower. •
If the Propert,y is abandoned by Bonower, or if, etkr aotice by Leader to Borrower that the oondemnor offe~s to make an award or settle a
claim [or damage~, Borrower fails to nspoad to Lender within 30 days atter the date such notioe is mailed. Lender is authorized 6o coUert aad
apply the proceeds, at Lender
s option. either b r~atoration or repair of the pmperty or to the euma secured by this Mortgage.
Unless L,ender sad Borrower otherwiee agree in writin8. si?Y euch application of proceeds to principal shall aot e:tend or postpone the due
date of the moathiy installments referred bo in paragraphs 1 and 2 hereof or change the amonat of such installments.
10: Borrower Not Releaeed. E:tenaion ot the time for paymant or modification of amortization of the eums secured by this Mortgage
granted by Lender to any succeasor in intereet of Borrower ehall not operate to releaee, in any manner, the liability of the original Borrower
and Borrower's auocesaors in interest, [.ender ahall not be required to commence proceedings againat auch auccessor or refuee to extead time
for payment or otherwiae modify amortization of the aume secured by this Mortgage by reaeon of any demand made by the original Borrower -
and Borrowe~
a sucoesaora in interes~
11. Forbearance by Leader Not a N?aiver. Any forbearance by Lender ia ea~erciainB any ri8ht or remedy hereunder, or otherwise
aftorded by applicable law, ahall not be a waiver of or preclude the pacercise of any such right or remedy. The procurement of inaurance or the
payment of taues or other liens or chargea by Lend~ ehaU not be a waiver of Leader'e right to aoeelerate the matnrity of the indebtedneaa
eecured by thia Mo:tgage.
12 Remedies Cumulative. All remedies provided in this Mortgage are distinct and cumnlative to any other right or remedy under this
Mortgage or afforded by law or equity. and may be ~ercise+i oonciurendy, independently or sua~eseively.
13. Succesaore and Aseigns Bound; Joint and 3everel Liability; Captione. The oovenants and agreements herein oontained shall
bind, and the righta hereunder ehall.inure to, the respcctive auccesaors and aesigna of Lender and Borrower. subject to the proviaione of
paragraph 17 hereof. All covenante and agreementa of Borrowe~r shall be joint and eeveral. The captions and headinge of the paregraphe of
thia Mortgage are for covenience only and are not to be use.~l to interpret or define the pmvisiona hereof.
14. Notice. Except for any notice required under applicable law to be given in another manner, (al any notice to Borrower provided for in .
thia Mortgage shall be given by mailing auch notice by certified mail addreaeed to Borrower at the Property Addresa or at auch other addreee aa
Borrower may deaignate by notice to Lender as provided herein, and (b) any notice to Lender ahall be given by certified mail. return reoeipt "
requeated, to Lender'8 address atated herein or to such other addrees as Lender may deeignate by notice to Botrowez aa provided herein. My
notice pmvided for in thia Mortgage shall be deemed to have been given to Borrower or Lender wheo given in the manaer deaignated herein.
15. Unifor~n Mortgage; Governiag Law; 3everability. This form of mortgage combinee uniform oovenanta for national uee and noa-
uniform covenants with limited variations by juriediction to oonstitute a uniform security instruiuent oovering real property.'ILie Mortgage
shall be govemed by the law of the jnriadiction in which the Pr.operty is located. In the event that any provision or clauee of thie Mortgage or
the Note rnnflicts with applicable law, such conilict ehall not agect other pmviaiona of this Morigage or the Note which can be given effect
without the oonflicting proviaion, and to thie end the pmvisiona of the Mortgage and the Note are declared to be severable.
16. Borrower's Copy. Borrower shaU be fwnished a conformed oopy of the Note and of thia Mortgage at the time of execution or aRer
recordation hereof. '
1T. 'Itiransfer of the Property; Aseumption. If ali or any part of the Property or an intereat therein ia eold or transferred.by Borrower
without Lender's prior written consent, e:cluding (a) the creation of a lien or encumbrano~ aubordinate to thie Mortgage. (bj the creation of a
purehaae money security interest for household appliancee. (c) a transfer by deviee, deaoent or by operation of law upon the death of a joint
tenant or (d) the grant of any leasehold intereat of three yeara or lesa not oontaining an option to purctiase, Lender may, at Lender's option.
declare all the eums ~ecurea by thie Mortgage to be immediately due and payable. Lender shall have waived euch option to socelerate if. prior
to the sale or transfer, I.ender and the person to whom the Property ia to be eold or tranaferred reach agreement in writing that the credit of auch
person is aatisfactory to Lender and that the inter~t payable on the sume secured by t6is Mortgage shal~ be at euch rate ae Lender ahall
request. If Lender hae waived the option to aocelerate provided in this paragraph 17, and if $orrower'e successor in interest has e:ecuted a
written assumption agreement accepted in writing by Lender~ Lender ahali release Borrower from all obligations under this Mortgage and the
~ Note. ' .
If Lender exerrises such option to accelerate, Lender ahall mail Borrower notice of aoceleration in acoordance with paragraph 14 hereof.
~ Such notice shall provide a period of not less than 30 days from the date the notice is rr,ailed within which Borrower may pay the sums declared
~ due. If Borrower fails to pay such suma prior to the expiration of such period, Lender may, without further notice or demand on Borrower,
invoke any remediea permitted by pazagraoh 18 heteof
~ 18. Acceleration; Remedies. Ezcept as pmvided in paragraph 17 hereof, upon Borrowgr's breac6 of any c,ovenant or.
agreement otBorrower in this Mortgage, including the oovenanta to pay w6en due any sums eecured by thie Mortgage, Lender
~ prior to acceleration ehall mail notice to Borrower as provided in paragraph 14 hereof specifying: (1) t6e breach; (2) the action
required to cure such breach; (3) a date, not less than 30 daya from tfie date the notice ie mailed to Borrower. by w6ich suc6
breach muet be cured: and (4) that failure to cure such breach on or before the date specified in the notice may result in ~
acceleration of the sums secured by thie dlortgage, loreclosure by judicial proceeding and eale of the Property. The notice ehall
further inform Borrower of the rig6t to reinetate af~er acceleration and t6e rig6t to essert in the foreclosure proceeding the
non•e:istenre of a default or any other defense of Borrower to aoceleration and foreclosure. If t6e breacb ie not cured on or
before the date epecified in tlie notice, Lender at Lender's option may declare alt of the snms eecured by thie Mortgage to be
immediately due and payable without further demand and may foreclose this Mortgage by judicial proceeding. Lender shall be
entitled to collect in such proceeding all e:penses of forecloaure, including, but not limited to. reaeoneble attorney's fees, and
coata ot documentary evidence, abetracts and title reparta.
19_ Borrower's Right to Reinstate. Notwithstanding Lender.'s acceleration of the aume secured by thia Mortgage, Borrower ahall have
the right to have any proceedinge begun by I.ender to enforce this Mortgage discontinued at any time prior to entry of a judgment enforcing
this Mortgage if: (s) Borrower paya Lender all suma which would be then due under thiB Mortgage, the Note and not~ eecuring Ftiture
Advanoes, if any, had no acceleration «xurred: (b) Borrower cures all breachea of any other covenants or agreemente of Borrower contained in
this Mortgage; (c) Borrower paye all reaaonable ezpensea incarred by Lender in enforcing the oovenante and agreementa of Borrower
~ oontained in thie Mortgage and in enforcing Lender'e remediee as provided ia paragraph 18 hereof, including, but not limited to, reaeonable
~ attorney'8 fees; and (d) Borrower takea auch action as Lender may reaeor?ably require to assure that the lien of thia Mortgage, Lender'a interest
~ in the Property and Sorrower a obligation to pay the suma eecured by this Mortgage ehall continue unimpaired. Upon euch payment and cnre
by Borrower, this Mortgage and the obligations eecnred hereby ahall remain in tull force and effect se if no aoceleration had axurred.
20. AeBignment of Rents; Appoiatment ot Receiver. As additional eecurity hereunder, Borrower hereby asaigna to Lender the rents
~ of the Property, provided that Borrower ahaU, prior to aaoe~eration nnder paragraph IS hereof or abandonment of the Property. have the right
~ to rnllect and retain auch rente se they berome due and payable.
Upon acceleration under psragraph 18 hereof or abandonment of the Property, Lender shall be entitled to 6ave a reoeiver appointed by a
oourt to enter ~upon, take poee~eaeion of and manage the Property and to oollect the rents of the Property. including fhoee past due. All rents
oollected by the receiver shall be applied first to payment of the ooate of manegement of !he Property and collectiun of rents, including, but not
timited to, receiva's fces, premiuma on receiver e bonds and reaaonable attome~e fees, and then to the aume seivred by thia Mortgage. T}ie
~ reoeiver shall be liable to acoount only for those rente actually received. .
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~ ° R 288 ~~f 37l