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8. la~pectioa. Leader may make or cawe W be made rs~wnable entrie~ upon aad'uupections of the pmper~y, pmvided that I.snder ~hall '
give Bor[owe~ notica priot to euiy such uupectioa apecitjrins reawnable cauee therefor related to Lender'~ intere~t in the Property.
9. CO[~8lnIfALIOA.'lUe pwceeds of any a~vard or claim for dama~es. dinct or con~equentisl. !11 CO[MeCL10A WI~1 aflJ/ OOIId!lRA5t10[I Oi
other tating oi the property. or part thereof, or i~ conveyanos in lie~ of oondanaation. are hereby aw~ned and shall be p~id b Lsader.
In the event oi a btal takin~ of the Property. the procesds ~hall be applied to @?e sum~ ~ecured by this Mort~ega ~ W~e ezoew, if any.
paid to Borrow~er. In the event of a partial takin6 0[ the Peoperty. YWEM BOiiOwi!! alld LERalr O~letwl~! 9~M! 1[I Nlftlil~. then shall bs ~ ,
applied w the suma secured by this MortQaQe such ~oPortion of the proceed~ ea is equal to that proportion which tAe amount oi the sums .
aecund by this Mortgage immediately prior to the date of taking bean to the fsir market velue of the Property immediatel,y prior to the date of
taking. aith t2~e balanoa of tbe prooeeda paid to Borcower. .
If the Propecty is abandoned by BorroMre~r. or if. aRer aotioe by Lender b Borrower tbat the ooademnor ot~ers to make an award or settle a
claim for demaga. Borrowes fails to respond to Lender within 30 days aR~ the date such notioe ia mailed. Lender is authorired to oollect and
apply the proceeds. at Leader's optio~. eiWer b restoration or repair of the property or to the sums secared by this MortQags.
Unlces L,ender and Borrower otherwise agree in writinB. enY such appUcation of proceeds b principal shall not extead or postpone the due
date of the month~y installments refesred to in paragraphs 1 and 2 hez~eof or change !he amouat of such inatallments.
10. Borrower Not Releaaed. Factenaion of the time for paymsnt or modification of amortization of the sume secured by this Mortgage
granted by Lender to any succeaeor in interest of Borrower ahall not operate to release. in any manner, the liability of the original Borrower :
and Borrowei e'sueceseors in interes~ [.ender ehall not be required to ootnmence proceedings egainst auch aucceseor or refuse to eztend time
for payment or otherwiee modify amortization of the euma eecured by this Mortgage by reaeon of any demand made by the original Borrower
and Borrowe~
a sucoeeeors in interest.
11. Forbearance by Lender Not a Riaiver. Any forbe~rance by I.enda in ezercising any r~ght o: nmedy hereunder. or otherwise
siior~cd by applieabie law. ehali nat be a w~ives uf ~r p~2u~e th~ exerci~ a€ any s~ch right or reme~iy.'!!Ee procumnent ~f ineurance or !he
payment of t~es or other liens or charges by I.end~ shaU not be a waiver of Lender s right to aocelerate the maturity of the indebtedness ~
eecured by this Mortgage.
12. Remediea Gtimulatlve. All remedies pmvided in this Mortgage are dietinct and cumnlative to aay other right or remedy uader this
Mortgege or aE~arded by law or equity. 8Z1d ID8y bC CIC[C1BE(I OORCI1TCCp~IY. independendy or suocessively.
13 Successore and Aeaigns Bound; Joint and 3everal I.Iability; Captions. The covenants and agreements hezein oontained ehall
bind, and the rights hereundet ahall inure to, the respective succeseors and assigns of I.ender and Borrower, enbject to the provieioaa of
paragraph 17 hereof. All rnvenants and a~reements of Borrower ehall be joint and sevezal. The captions and headings of the paragrapha of -
this Mortgage are for covenience only and are not to be used io interpret or defiae the provisions hereof.
14. Notice. E:cept for any notice required under applicable law to be given in another manner. (a) any notice to Borrower pmvided for in
this Mortgage ehall be given by mailing such notice by oertified mail addressed to Borrower at the Property Adrlresa or at such other addrees es
Borrower may designate by notice to Leader as pmvided hereiA. and (b) any notice to Lender shall be given by certified mail, retnrn receipt
requested, to Lender's addreas atated he~rein or to such other address as I.ender may designate by notioe to Borcower as provided herein. Any
notice pmvided for in thia Mortgage ahall be deemed to have been given to Borrower or Lender whea given in fhe manner designated he~rein.
15. Uni[orm Mortgage; GoverninQ I.ew; 3everab~lity. This form of mortgage combines uniform ooveaants for national uee and non-
uniform rnvenante with limited variations by juriediction to oonstitute a uniform security instnuuent oovering real propetty. This Mortgege
shall be govemed by the law of the jurisdiction in which tlie Property ia located. In the event that any provision or cla~se of Uus Martgage or ;
the Note rnntlicte with applicable law, euch contlict ahall not ag'ect other proviaions of this Mortgage or the Note which can be given effect ~
without the oonflicting provieion, and to thia end the provieions of the Mortgage and the Note are declae+ed to be aeverable.
1& Borrower'e Copy. Borrower e6all. be fiirniahed a oonforwed oopy of the Note and of this Mortgage at the time of execution or after
recordation henof. ~
17.'15ransfer of the Property; Assumptton. If all or any pad of the Property or an interest therein is sold or transferred by Borrower
without Lender's prior writLen conaent, ra~cluding (a) the creation of a lien or encumbrance aubordinate to this Mortgage, (b) the creation of a
purchaee moaey aec+~rity intereet for household appliancee. (c) a trenafer by devise. deecent or by operation of law upon the death of a joint
tenant or (d) tlje grant of any leseehold iatereat of thrce yeara or leee not oontaininB an option to purchaee. Lender may, at I.ender's option,
declare all the sume aecured by this Mortgage to be immediately due and payable. Lender ehall have waived auch option to accelerate if, prior
to the eale or tranafer, L.ender and the pereon to whom the Property is to be eold'or transferred reach agree~nent in writing that the credit of such
' person ia satiafactory to Lender and that the intereat psyable on the aums aecuced by thie Mortgage shall be at euch rate as I.ender shall
~ r~uest. If Ixnder haa waived the option to accelerate provided in this paragraph 17, and if Borrower
a aucce8sor in intereat has ~e~vted a
~ w~ritten a8sumption agreement aocepted in writing by Lender, Lender ahall releaae Borrower from all obligationB under thia Mortgage and the
i i~i ote.
~ lf Lend~ ezercisee such option to accelerate, Lender ahall mail Borrower notice of acoeleration in aocordance with paragraph 1~ hereof. _
Such notice ahall provide a period of not less than 30 days from the date the notice ia ir,ailed within which Borrower may pay the euma declared
~ due. If Borrowa fails to pay such wma prior to the ezpiration of auch period, Lender may, without further notice or demand on F3orrower,
4 ?zvote any remediea p~mitt.ed by paragraoh 18 hereof. _
~ 18. Acceleration; Remedies. Ezcept se provided iu paragraph 1? hereof, upoa Borrower's breach of any oovenent or
agreement of Borrower in this ll~ortgege. including the oovenants to pay when due any sums secured by t6is Mortgage, Lende~r
prior to aoceleratioa e6a11 mail aotice to Borrower aa provided in paragraph 14 hereof apecifying: (1) t6e breach; (2) theaction
required to cnre such breach; (3) a date, no! lese than 30 days from the date the aotice is mailed to Borrower, by whicb such .
breach muet be cured; and (4) that failure to cure snch breach on or before the date specified in the notice may result in
acceleration otthe sums eecured by this Mortgage, toreclosure by judlcial proceeding and eale ott6e Property.The notice shall
further inform Borrower of the right to reinstate after acceleration end the r~ght to assert in the foreclosure proceeding the
non-ezistence of a default or any other defense of Bonower to aoceleration and foreclosure. If the breach ia not cared on or
before t6e date specified in the notice, I.ender at Lender's option may deciare all of the snms secured by this ldortgage to be
immediately due and payable without further demand and may foreclose thia Mortga~e by judicial prooeeding. I.ender ehall be
entided to collect in such proceeding all e:penae.s of foreclosure, including. but not limited to. reasonable attorney'B feea. and
coats of documentary evidence. abstracts and tide reporte. '
19. Borrower's Right to Reinatete. Notwithatanding Lender'e acceleration of the sume secured by thie Mortgage, Borrower ahall have
the right to have any prooeedinga begun by Lender to enforce thia Mortgage diecontinued at any time prior to entry of a judgtnent enforcing
thie Mortgage if: (a) Bore+ower paya Lender all suma which would be then due ander this Mortgege, the Note and notea eecuring ~ture
~ Advances, if any, had no scceleretion oocurred; (b) Borrower curee ali breachea of any other covenants or agreemente of Borrower contained in '
zs, this Mortgage; (c) Borrower pay8 all reasonable e~cpenees incurred by Lender in enforcing the covenanta and sgrcemenfa of Boaower
contained in this Mortgage and in enforcing Lender a remediea aa provided in paragraph 18 hereof, including, bnt not limited to, reaaonable ;
~ attorne~s feea; and (d) Borrower takea euch action se Lender may reasonably require to assure that the lien of this Mortgage, I.ender s interest
in the Property and Bormwer's obligation to pay the eume secared by thia Mortgage ehall oontinue unimpaired. Upon euch payment and cure '
by Borrower, thiB Mortgage and the obligationa aecured hereby ehall remain in fu11 force and effect aa if no acceleration had oocurred. '
Z0. Aasignment ot Renta; Appointment ot Receiver. As additional eecurity hereunder, Borrower hereby assigna to Lender the rez~ta ~
of the Property, proyided that Borrower ahall, prior to aoceleration under paragraph 18 hereof or abandonment of the Property, have t6e right ~ '
~
to colled and retain such rente aa they become due and payable.
Upoa aocekration undrr paragraph 18 hereof or abandonment of the Propetty, Lender ehali be entitled to have a reoeiver appointed by a
oourt to enter-npon, Lake poaaesaion of and manage the Property and to rnllect the rente of the Property, inclnding those paat due. All rents
rnllected by the receiver shall be applied firat to payment of the ooats of managemeat of the Property and oollection of rente, including. but not ;
limited to, receiver'a fees, prEmiume on receiver's bonds and reasonable attomey's fees, and then to the sume secured by this Mortgage. The
reoeiver shall be liable to aooount only for thoee rents actually received.
go~~ 28~ 950
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