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In~pectlon. L~d~r myr make or c~ws b bs mad~ re~wn~bb eutrie~ upon as~d ia~pectioa~ of the propsrty. Pe'uvidd that Lendu ~hall ~
~ive Borro~er aotia prior to at~r ~uch ia~psdioa ~eci~rin~ reuonsbb canw tMrtfa~ e~slated to Lendes'~ intend in tM Propert,y. ;
9. Coodemaatlon. 7~e prooesd~ o! any awud or c.laim for danaa~e~. direct or con~equeatial. in oonnectio~ wiW aqti? ooademnation ~
other takin~ ot tM ProP~j?. or part tb~ot. os !a ooaveyaaos in liea of ooademnatioa. benby aNi~ned abd ~haU b psid to I.eucM~.
In t!N evsat ot ~ bW takins ot th~ Prop~rty. We prx~sd~ ~h~ll bs applied to ths ~um~ ~ecured by thi~ Mat~ap. with tbs aws~. if aW?.
applied to We sum~ wcured by thia Mat~s~e wch proPatioa o~ ths proceed~ eu u equal to Wat ptoportiai whicb the eimonnt oi tba oum~ 's
sscured b~? thi~ M~e immedi~tely p:ia~ to t!w date ot takin~ bsan to tbe falr muket value of the Propsrty? ia~mediate~? Prios to t!~ date o~ ~
takin8. witb the balana of ths prooeed~ paid to Borrower.
If tbe F'roperRj? i~ abandoaad bq Hozrower. o~ i~ atter notioe by Lsnder to Boirower thst the oondemnos off~s to make aa a~rard or ~ettls a
cisim for daau~a~. Borro~ faib to respond to Lead~r wit6in 30 day~ a!!er the data sach aoboe i~ mailed. I.ender ia autboiised to collect and
sPP1Y ~ D~~. at Lend~'~ option. either to re~tontioa or repsir of the prop~ty or to the ~nau ~wred by tbis Mat~aae.
Unlew I.sndes ~nd Borrowror otha~wise aQree in writin~. eny such application oipe+oceed~ to princdpal shsU not asteud o~ po~tpone the due
date "of We monthly ia~tallmaab retarred ~o in paragraplu 1 aad 2 l~erepf or chan~e the amount ot wch installmeub.
10. Borro~ver Not Relea~ed. Estension of We time for paymant ~ modi5cation otamottisation of the sum~ ~ecne+ed by this Mo~a~e
granted by I.ender to aqy ~ucoessor ~ int~erest ot Borrovrer ahall not operate to release. ia any mannez. the liabiliqr of We oriQinal Borrower
and Borrow+e:'s sucresson in interest I.ender shall not be required to oommeaoe prooeedings agauut ~uch woceswr or refu~e to euta~d time #
for psymeat or ott~atwi~e modity amortisation of the sums ~eaired bY tf?is Mortgage by nason of any dea?and made by the original Borro~rer =
and Bore+o~vds aucoeswn in int~es~ t
11. Forbearanos b~ I.ender Not a Waiver. Any forbearanoe by I.eade: in ez~ag any right os remedy heneunder. or otharwi~e I
a~orded by applicable law. shall not be a w+aiver of or precTnde the ~ercise u~ any ~ach ri~ht os reanedy. T6e procuremant of insuranoe or !he ~
payment of t~es or oWez liea~ oz char8e~ by Lender shall not be a waiver of L~de~~ ti~ht to aooelesats the muturity o~ the indebtednee~ ~
secuied by Lhi~ Mortga~e. . ~
12 Remodie~ ~mnlative. AU remedies provided in thia Mort~age ~re distinct and cumulative to any othe: ri~h~ or nmedy nnder tbi~ g
Mortgage a~ affaded by law or eqnitq. and mey be ezerci~eii ooncuTreatly. independ~dy or ~uocessively. f
13 Suooewon and Aasi~u Bonnd: Joint aad Several Liability; Captions.'lUe omrenants aad agreements h~ein aontaiued shaU ~
biad, aad We rights hereaader ahall innn to. the respective auoassoes and awi~ns of Lender and Borrower. subject to the parovisions of -
paragraph 17 hereoL Al! oovenants and agreemente of Borrower ~hall be joint and seve:al. The captiona and heading~ of the paragraph~ of !
thia Ma~age are for oovenience oaly and an not to be used to inter~ret or de5ne !he providons hereof. ~ . ~
14. Notioe. Except for any notice required under applicable law to be given in anoWa mann~. (a) any noaoe to Bon~ower provided fos in ~
chis Mor~age sball be ~iven by mailing snch notioe by ceetified mail addres.ed to Bon~ower at ~he Property Address or ac such other addre.das S
Borrower may d~sigaate by notioe to Lender au Pr'a~ded herein, and (b) any notioe to Lender ahall be given by certified mail. retum reoeipt t
i'e9uested. to I.~der's addren ~tated he~in ar to sndi other address aa Lend~ may designate by notioe to Borrower aa provided herein. AAy ~
notice pmvided for in ~his Mortgege shaU bs deemed to have been given to Borrawer or Lender when given in the manner designatied herain. '
lb. Uniform ~[ort~a~e; Goveroing Law; Severability.'i~is form of mortgage oombinee uniform oovenants far natioaal ure and non- }
unifor~a covenanfa v?ith limifed vasiations by jurisdictioa to oonstitnte a uniform secnrity inatrument oovezing real property.'1l~is Mortga~e ~
ehali be governed by the law of the jnriediction in which the Property ia located. In the event that any provision or elauee of this Ma:tgage or '
the Note conflicts with applicable laa. auch eonflict shall not affect otha pmviaions of thie Mortgage or We Note w+hich can be givea effect
without the ooailicting provision, and to this end !he provisions of the Mortgage and the Note are declared to be sevesable. ~ ~
16. Borrower'~ Copy. Borrowe: shall be faraiahed a oonformed oopy of the Note and oi this Morfgage at the time of aecution or aRer ~
recordation ha~eoL .
17. 'l~ransfer of the ProPert7: Aawmption. If all or any part of the Property or an intee~est therein ia soid or tranaf~red hy Bormwer ~
without I.ender'a prior ~rritten oonsent, e~cclnding (e) the creatian of a lien or encombrance aubordinate to this Mwtgage. (b) the creation of a
purchaee money security iateres! fot household applianoes, (c) a transfer by devise. desoeni or by operation of Is.v npon the death of a joint ~
tenant or (d) the grant of any leasehold inta+est of three years or leaa noR aontaining an option to purchase. Lender may. at I.end~z'a option. ~
declare all the swas secured by thia Mortgage to be immediately due and payable. I.enda ahall have waived snch optioa to aocelerate if, prior ~
ta~ the sale ~ transfer, Lender and the person to whom the Property is to be eold ~ transferred reach egreemeat in writing that the credit of snch s
peraon ia eatisfactory to I.ender and that the intere~t payable on the snms secvred by this Mortgage ehell bc si snch rate ab I.ender shall i
request. If Lend~ has waived the option to aocderate provid~d in thia paragraph 17. and if Borrowei s euaxasor in intereat hae accecuted a !
written aseumption agreement accepted in writin~ by I.ender. Lender ahall release Borrower from aU obligations under thia Martgage and the ;
Note.
If I.ender ezeroses auch option to aacelerate, I.ender ahall mail Botroaer aotice of aooeleration ia aocordence wiLh paragraph 14 hereoL
E Such notice ehaU provide a period of not leas than 30 days from the date the notiee ia ~siled within which Bormwer may pay the sums declared
~ due. If Borrowa feils to pay such aums prior• to the expiration of such period. I.enda may, without fnrtha notice or demand on Borrower.
~ invoke any rgmedies permitted by paragraoh l8 henot
i 18. Acoeleration; Bemedies. Ezcept a~ provided in parag~raph 17 hereof, apon Borrower's breach of any oovenant or ;
~ agreement oi Borrower in this ~ortgase, inclndin~ the oovenanta to pay whea dne aqj? aams secared by this Mortgage, I.eader ~
prior to woceleretion shall mail notice to Borrower as provided in paregraph 14 hereof specitying: (1) the breacl~; (2) the adion j
required to cure sach breac6; (3) a date, not less tLan 30 dayr trom the date tbe notice is mailed to Borrower. b~r whlcb eac6 `
breach muat be cured; aad (4) t6at failnre to cure suc6 breacb on or betore the dnte rpecified in the notice may resalt in
acoeleration otthe snma secured by this 1Rort~;age, foreclosnre bp jndicial proceedin~ ~nd sale oithe Property. The notice ahall
further inform Borrower of the right to reinatate after ecceleratioa and the ri~ht to assert in tbe foretlosure proceeding tbe
non-ezistenoe of a defanlt or any other defense of Borrower to aoceleration and fo~reclowre. If the breach is not dued on or
~ before the date speclfled in the notice, Lender at Lendet's option mey deciwre e~ll ot the sume secured by this Mortgage to be
immediately due and pa~yable withoat further demand and may foreclose thia Mort~a~e by judicial proceeding. Lender ehall be
entitled to cotlect in such proceedtng all ezpensea ot foreclosure. incindin~, but not limited to, reasonable attorney's fees, and ,
costa of doccamedtary evidence, abstracts and title reports. .
~9. Borrower'~ R.i~ht to Relnstate. Not~vithstanding Lende~s aoceieration of the sams secnred by this Mortgage. Barrower ahall have
the right to have any pmoeedings begun by I.ender to eaf~oe this Mortgage disoontinued at any time prior to entry of a judgment eaforcing j
~ this Mortgage if: (a) Borruwer pays Leader all snms w1?ich wonld be then due nnder this Mortgage. the Note and notes vecuring I~tnre ;
Advanc~0. if any. had no aaxleration oocnrred: (b) Bormwer cnns all breaches of eny other oovenants ot agreem~4a of Borrower oontained in ;
~ this Mortgaqe; (c) Borrowa pays all reasoaable ezpenres incurred by I.ender in ~forcing the oovenants and agreements of Borrower
contained in thia MQrtgsge and in ~aforcing I,ender's remedies as provided in paragraph I8 hereof, incinding, bnt not limited to~ reawnable
~ attoroey~s fces; and (d) Boamov~er takee snch adion as Lender may reaeonably re~uire to assure
that the lien of this Mortgage. Lendds iatenst :
in tbe Property and Borrowe~s obligation to pay the sama eecured by thia Mortgage shall oontinue unimpaired. Upon anch paymeat and core ;
~ by Borrower. thia Mortgage and the obligations secured hereby ahall remain in fiill foroe and eEfect as if ao aooeleration hsd oocnrred. ,
~ Z0. Assianment ot Renta; Appointment of Reoeiver. As additionel security hereunder. Borrower hereby aaaigns to Lenda the reate
~ of the Property, provided that Borrowra shall~ prior to aaoeleratien under paragraph 18 hereof or abandonment otthe Peopaty. 6ave tl~e right
~ to colled and e+etain aw:h reats as they 6eoome due and payable. ~ E~
~ Upoa acaekration under paragraph 18 hereof ar abandonment of the Propa ty. Lender ahalt be entitled to have a reoeiver eppoiated by a ~
ooort ~o eaterapon. take pos~ession of and manage the Propaty and to oollect the reats of the Property. inclading those past due. All reati
~ oollected by the reoeiver ahall be applied first to payment of the oosh of managemeat otthe Property and oollection of re~ta. inclading, bat not
limited to, receiver'~ tee~. premiuma on rectiver's bond~ and reasonabk attornry's feea. and then t~o the swns secared by t}~ Mortgage. 7be (r
~ reoeiver ahall be liabk to aoo~nnt only far tho~e r~b actuslly noeived. ~ ?
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F ~ aou~2S9 PAGE 924
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