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8. Inapection. Le~?d~sr ~nay meke or ca~us b bs a4ade rwonable entrie~ upoa aad i~spectioaa oithe prop~ety. pcovided Wat Lsad~ sbaU
`iw ~orrower aatia pria: b awr such uupodioa ~pecilyin~ re~ooabM cau~s thae~toc rtlated b I.ender'~ iafRred in tM Props~y.
8. Condemu~tion.'l~e prooeedr ot any aw~rd or claim for daav~. direct or.oq~?~puenti~l. in conn~ctioa wit6 aqy oo~deoane~tioa os
othe~ takin~ ot tla P~P~t1?. o~ p~rt tbenot. or to~ oonveyufos in Usn of o~ademnation. are heerby aqi~aed end shall be pdd to I.~dK.
In tlk we~t ot a total takins oi the Property. We prooeeds ~haU bs aDplied to ths nmu ~scured by thi~ Mort~~. wiW t!w ~oeM. if aW?.
paid to Boaowes. Ia ths event o~ a paKial t~ins oi ths Propeety. unlaa Boero~r~ and Iwnder otherwLs ~~ns in writin~. tbers shaU be
J.. ~ecured by thL Mort`a~e immedistely p~ ior b tbs date of teking be~n to tha fair market valne of ths ProPe*~Y ~~~Y P~ to tbs daf~s ot
takias. ~rnith the beu?nes ~ ths prooesds paid to Bo:eor?er. ~ -
If the PropKty iu ebandoaed by Borrorrer, or ii, albr notice by I~der to Borrow~ thst t4~e oonderanor olren to meke aa ~ward or ~ettls a
claim for dame~e~, Borro~rsr faiL to re~poad to Le~?der withiu 30 de~ys aRe~ tbe date such notios is mailed. I.ender i~ aut2wri~ed to oollect and
ePPIY Wa prooesd~. at I.snder's option. eitber b redonitioa ~ npair of the prope~rty or to tLe ~ums sscured by tbis Mat~ege.
Udes~ Lend~ and Borroaer otherrvi~e a~ne in writic~, any wch application of prooeed~ b principal shall aot extead oe po~tpoae the due
date of We monthly inatallmenta referred ~o in pare~raphs 1 and 2 hareof or chan~e the amount of ntcb inetalLaent~.
10. Bore+ower Not Released. Suterrsion of the time for paymaat ot modificstiou of aawrtizetion of the sums ~ecured_ by thi~ Mortgage
granted by La~der to aqy succeeoor in inta~rceL of Borrower ahall not operate eo nleaae. ir~ say manner. tbe lisbiliqr of the original Borro~ver
and Borro~rer
a suocaewrs in intere~R Lender ahall not be required to oommenoe pmceedings againat stich suocessor or refuee to extend time
for paymeat or othe~nvise modify amortization of the sums aecured by this Mortgege by nason of any de~uaad made by the originel Borm~rar
and Bosrowda sucassois in interest.
11. Forbearanos by Leader Not a Waiver. Any forbearanoe by Leader in ~erciring any right or remedy herennder. a~ other~ri~e
a8orded by applicable laMr. shall nd be a waiver of or preclnda the ea~erci~e d say suEh right or semedy. The procuremmt of iusnranoe or the
payment of ta:es a~ olh~ liena ~ charges by Leader s6a11 aot be a ~raiver of Lende~s right to saxlerate the mat~uity of the indebtedne~s
secured by this Mort~s~ge. _ : . ~
12. Remedier Camulatlve. All remodiaa provided in tbis Modgage are distind and cmm~lative to any other right or remedy nnder thie
Mortgage or agorded by la~r or equity. snd m~y be ese~riie~i ooncurnntly. indepeadestly or suaa~sivcly.
13. Snooeesors aad Aseigne Honnd; Joiat wnd 3everal 1.iabULb; Captiona. The oovenanta and agreem~ts haein oontained ~hall
bind, and the righta hereundec_ ahall inare to, tt~e respective ~ncoeewts and assigns of I.e:ider and Bon~owror. subject b'the provision~ of
paragraph 1? hereot All oovenante aad agreemeats of Borrower shall be join! and ~everal.'Ibe captioas and headinge af the psragraphi of
this Mortgage are far rnvenienoe ody and are not b be uaed b interpret or define the p~ovisiow hereof.
14. Notice. E:oept for any notice required under applicable law to be given in anotha manner. (a) any notice to Borrower provided for in
thia Mortgage shall be given by mailing anch notice by certified mail addreesed to Borrower atthe Property Addreas or at snch other addrees as
Borrower may daignate by notice to Lender as provided herein. and (b) any notioe to Leader ahall be given by oertified nnail, retnrn reoeipt
requested. to I,mda's address stated hecein or to sach other addnes aa I.endec may designate by notiae to Botrowa as provided herein. Any
notice peovidtd for ia thia Mottgage ahall be deemed to have Deea given to Borrower or Lender ahen givea in We manner designated haein.
15. Uniform Mortga~~ Governin~ I.sw; Severabtlity. This form of mortgt+ge co~nbines uniform ooveaanta for national we and aon-
nnifocm covenants aith limited variatioaa by jurisdidion to oonstitnte a nniform eecurity~inatrumeat oovering real proprrty.ll?is Mortgage
ahall be governed by We law of the juriedietion in v?hich the Property ia located. In the eveat that any provision or clauee of thia Morfgage or
the Note ooaflicts with applicable law, snch canilict ahall aot affect oth~ pmvisiona o[ this Morigage or the Note which can be given ~ect
without the oonflicting pmvision; and to this end the proviaiona of Lhe Mortgage and the Note are declared to be severable.
1& Borrower's Copy. Borrower ahall be farnished a rnnformed oopy of the Note and of thia Mortgage at the time of ezecntion or after
reoorda6on hereoi - .
17. 'ltiransfer of the Pcoperty; Assumption. If aU ar any part of the Prop~ty or an interest therein ia sold or transfer~~ed by Barrower
wiWout,I,eader's prior written oonaent, ezcluding (a) the creation of a lieu or eacumbranoe anbordinate to"this Mottgage, (b) the creatioa of a
purchase uwney secarity interest for hou~ehold appliances, (c) a traasfer by devise, desoent or by operation of law upoa the death of a joint ~
tenant or (d) the grant of any leasehold intereaf of three years or lees not aontaining an option b purchaae, Lender may. at [.~der's option.
declare all the aums aecund by this Mortgage to be immediately due and payable: Lender ehall have waived wch optioa to aocelerate if. prior
to the sale or transfer, Lendet and tt?e peraon to whom the Property is to be sold or transferred reach agreement in writing that the credit of snc~
person is aatiefactory to I.ender and that the iateraR payable on the aams aewred by this Mortgage ahall be at such rate as Lender ehall
request. If Lender has waived the option to aocel~ate provided in this paragraph 17, and if Borrower's auoceaeor ia interest haa ezecuted a -
j written aaanmption agreement aooepted in writing by Lender, I.ender ehall release Borro~ver from all obligationa nnder Wie Mortgegeandthe
j Note. -
~ If Lender ~zercises auch option to aocelerate, Lender ahall mail Borrower notice of aooeleration in aooordance arith paragraph 14 hereoi
I Sach notice ahall provide a period of not less than 30 daya from the date the notice ia mailed within ahich Borrower may pay the anms declared
~ due. If Borrower faila to pay snch~euma prior to the ~piration o! snch period, Lender may, without furtha notiae or demand on Horrower,
invo~e any raaedies permitted by paragreuh 18 hereot
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~ 18. Acceleratbn; Remediea. B:cept a~ provided in paragrap6 17 bereof. npon Borrower's brearl~ of any oovenant or
~ agteement of Borrowear in thjs 11[ortga~e, including tbe o~venanta to pa~r whea dne any suma secured b~r t6ie Moctgage, I.eader
prior to sooeleration shall mail notice to Borrower a~ provided in para~rap614 hereof specsfying: (1) the breac~; (2) tbe adioa
reqnired to cure such bre~?ch; (3) a date, not leas than 30 days 6~om the date the notice is mailed to Borrower, !ry w6ich sach
breaeh must be cured; and (4) that failure to cure we6 breach on or betore the date specified in the aotice may result in
acceleration of the wms secured by thie ~ortgage, foreclos~re by judicial proceedin~ and eale of tLe Propecty. The notlce shall
further inform Borrower of the right to rein~tate a[ter aooeleration and the ri~ht to as~ert in t6e foreclosure proceeding the
non-esi~tence ot a detault or any other defense of Borrower to accelention aad foreclosure. If tbe breach ia not cnred on or
betore the date apecitled in the ~fotice, I.ender at Lender's option may declore all of t6e sume secnred by t6i~ Mortgage to be
immedistely due a»~ payable withont furt6erdemand and may foreclose this Mortga~e by judicial proceeding. I.ender ahall be
entided to o~Uect in such proceeding ail expenses of foreclosnre. inclndins, bnt not limlted to, reasonable attorney's fees, and
costs o! documentary evidenee, abstracts snd title reporte.
19. Borrower's Ri~ht to R.einstete. Notwithatanding Lender'e aooeleration of the sume sec~ued by thia Morigage, Borrow~r shall have
the right to have aay pmoeedings begun by Lend~ to enforoe thia Mortgage disoontinued at any time prior to entry of a jndgment enforcang
this Mortgage if: (a) Borrower pays Lender all anms which would be then due under this Mortgage, the Note and notes eecnring Fbture
Advanoa, if any. had no acoeleration axurred; (b) Borrower cures all breachee of any oWer cov~?ants ar agreementa of Borrower oontained in .
this Mortgage; (c) Borm~ver pays all nasonabk espenses incurred by I.ender. in mforcing the ooveaanta and agreemenb of Borro~rer
-s contained in this Mortgege aad in enforcing Lender'a remedies as provided in paragraph 18 hereof, including. bat not limited to, eeaeonabla
~ atto~rnep's lees; and (d) Borsower takes snch adion as Leader may raasonably requin to easure that the lien of thia Mortgage. L~der's intered
~ in the Property? and Borrowei's obligation to pay the suma recured by this Mor4gage ahall oontinne unimpaired. L'pon snch paymmt and care '
by Borrower, this Moregage and the obligations secured hereby ahaU remain in fiill force and eitect aa if ao soceleratioa had oceurre~.
~ 20. Aisianment of Rents; Appointment of Receiver. As addition~l security hereunder. Borrower haeby assigoa to I.~der the rents
of the Property. pmvided that Borroarer shaU, prior to aoceleration under paragraph 18 hereof or abandonment of the Property. have We right •
to oolled and retain such rents aa they beoome due and payable. . .
- Upon acoeleration unde: paragraph 18 6ereof or abandonment of the Propaty. Lender ahall be entided b hsre a receiver appointed by a
ooart to eater.apon, take po~sewion of and maaage the Property and to ooUect the rents of the Propaty. induding thase paat dna. All reats
oollected by tbe reodver ahall be applied Srst to payment of the oosta of management otthe Property and ooBection of ra~ts, indndin~. but not
limitod to, receivds fe~s, preminms oa receiver's bonds and reasonabk attomey's fees, and then to the snms ~e~.vred by thia Mortgage. The
rec~aver shall be liabk to aooonnt only tor tho~e rents actaally re~~eived:
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