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8. InapectloA. Leader m,y make or cauN b b~ auds re~aonable eotriM upost ~nd iaapection~ of We pevPstty, Drovided that Lsadai shaU
~iw Borrower aotiw ~io~ b ar~? such ia~Pectioa ~pedbrin~ ~~bM caua~ tl~for e~elated to Lender'~ interat ia We Property.
9. Coadeau~wtion.'t??e prooeed~ of any sward or claim for dam+Yte+. direc~t o~ ootusqu~tial. in ooanectioa with a~y ooademnation os
other takia~ ot We W'uvRkY. o~ part theroot, o~ for oonveyaaos in lian of aoudeo~aaaoa. ars bee~eby a.a~ned and .~all bs paid fo Lndra
In tbe ~v~t of a toW takia~ o! th~ ProPerq?. We prooeed•.hall be aD~lied ~o We •um..ecured by ebis Mai~+~e, wi W~be esoe.~. tf any.
paid to BotroMer. Ia tM event of ~ paeti~l takin~ o! th~ PeoP~Y'. nnl~a Baro~r and Leader otl~erwi~s s~res ia writia~. Were shaU b~
applied to ebe sum~ ~ecared by thi~ Mae~a~s ~nch pe~opo~tion at the proceeds a~ u equal to thst proportion wluch the amount c[ We suQu
secured by thi~ Mort~ase immediaWy prior b td~ date of tnkin~ bsat~ b 4he fiur mattet valne of the ri immediatel rior to We dat~e of "
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If th~ Peop~ty is abandoned by Boreower~ or i~ atkr not~ios by Leader to 8orrower that tbe ooademnor o~en b make an awud or sdtk e~
claim for dame~es. Borrower fsils to respoad to Leader witLia 30 day~ aRer the dat~o iach Qotica ii mailed. Lende~ i~ authorised to oollect end
ePP1J? tl~e Prooeecl~. at Lei?dee'~ option. eithe= f~o re~toration os repair oi tha property or to the ~um~ secured by thi~ Mort~eQe.
Unlea Lead~t aad Borrowar ot6erwiae agree ia writing. any such application of proceeds to principal shaU aot eztead or Pwgwne We due
date of the moathly itutellaneats rsfarred ~o in psrasraph~ 1 aad 2 he:eof os chsnQe tha amount of mch ia~tallmenb. _ .
10. Borrow?er Not Relsa~ed. Eztensioa of tAe time fos pa~ymsnt ot moditication of amortisatioa of the e~ma secured by thia Mort~age
granted by Leader to aqy su~or in interest oi Borcower ahall aot operate Lo nlesse. in ewy manner, the liability of the ori~insl Borrower
and Bonow~'s succ~ssors ia iaterest I.~der ahall not be nqnired to oommcnoe ProceedinQs agpinat such suoceseor or refuae to e~d time
for paymeat or othecwise modify amortization of the sums aecured by thu Mortgage by reason of aay demand made by the original Bon+ower
and Boirowa
s~uocessors in intered.
11. Forbearanoe bp I.snder Not a Walver. My forbeeranae by L~det in e~[ercieing any right or nmedy hereunder~ os pthe~wi~e
affo~ded by applicable law. shall not be a waiver of or preclnde the eze~cise of any anch right or remed,y. The procur~t of insasanoe o~ the
peyment of taze~ ar other li~os or charge~ by Lend~ shall not be a waiva of Leader's right ~o aooelerate the maturity of the indebtedne~s
secured by thia Mortgage. .
1 Z Ren~edies Cumnlwdve. All remedie~ provided in this Mortgage are di~tinct aad cumolative b any other right or nmedy nnder this
Mortgage or affo~ded by law or e~iuitY. end mq1? be ~zesr~~e~i oonc~urentl,y. independently or s~coetdvely.
13. Snooessor~ and Aasipu Bound; Joint and 8everal Lisbilit~: Captions.'!Le ooveaaats and agreements haein ooatained ahall
biad. aad the righta herennder shsll iaure to, tbe respective sncae~aon and aesigns of L.~dar and Bormwer. subject to the provisions of
paragraph 17 hereoL All ooveaanta and agnements of Borrower shell be joint and ~everal.'lbe captions and headings of the paragrsphs of
this Mortgage are for oovenieaca only and are not to be used to interpret or de5tte the provirions haeof.
14. Notice. Except for any notioe required ~nder applicable law b be given in aaothe: manner. (a) any notice !o Bozrower provided for in
this Mortgage ehall be given by mailing such notice by certified mail addreesed to Borrower at the Property Addr~s or at wch other addnes as ,
Borrowes inay de~ignate by noSioe to Lender aa pmvided herein. and (b) any notice to Lender shall be given by certified mail. rebua reoe~pt
re9ueskd. b Lende~'s addnss stated h~ein or te snch otber addre~s as Lendtr may designate by notioe to Borrowa as provided herezn. Any
notioe provided for in t1w Mortgage ahall be deemed to have be~ given to Borrowra or I.ender when givea in the manner desigasted harein.
15..Uaifosm ~o~ey~e; Goverains I.aw; 3everabillty. This form of mortgage oombines uniform aovenanta far national nse and non- ~
uniforra oovenenta with limited variations bY lariadiction to oonstitnte a nniform eecurity inatnia~ent oovering nal property. This Mortgage }
ahall be governed by the law of the jurisdiction in which the Property ia located. In the eveat that any proviaion or clause of this Mortgage or
the Note conflicts with appUcable law. sach ooaflict ahall not affect other provisione of this Mortgege or the Note which can be givea effect ;
withoat the aonQicting provieion. and to this end the pmvisions of We Mortgage and the Note an decisred to be sevezable. f
16. Borrower'~ Copy. Borrower shall be furniahed a oonformed oopy of the Note and o[this Mortgage at the time of ezecution or after ~
reoordation het~eoL '
1 T. 'l~ander of W e Properl,; Aaumptlon. if all o= any part of the Property or en interest therein is soW or tranafernd by 8orro~ver
without I.ender'~ ~ior written consen~ ezclnding (a) We creation of a lien or encnmbrance subordinate to this Mortgage. (b) We creation of e
purchase money security interest for household appGances, (c) a ~ranster by devise, desoent or by operation of law rpon the death of a joint ~
tenant or (d) the grant of any leasehold int~erest of three years or leas not oontaining an option to purchaae. I~dtr may. at Lender
s option. ~
declare all the anma secured by this Mortgage to be immediately due and payaWe. I.ender sheU have waived ~nch option to sooelerate if, prior
to the sale or transfer. I.ender sad the person to whan the Ptopert~ ie to be eoW or tranefened reach age~eemen! in writing that the credit of snch ~ ~
penon ia satisfactory to I.e~~der and that the interest payable on the ewns aecared by this Mortgage shall be at aucl~ rate as I.ender ehall ;
requesi. If I.ender has weived the option Eo accelerate provided in thia paragraph 17, and if Borrow~a auocessor in interest has ezecuted a ~
written asananption agreement aocepted in writing by Lender, Lender shail release Borrower from all obligations und~ this Mortgage at~d the ~
Note. F
If Lender Qeraises snch option to aocelerate, Lender shall mail Borrower notice of aooeleration in accordance with paragraph 14 hereoL ~
Such notioe shall pmvide a pe~iod of not less than 30 daye from the date the notice ia ~siled within which Borrower may pay the aums declared
; due. If Borrow,er fails to pay sach suma prior to the e:piration of such period, Lender may, without fi~rther notice or demand oa Borro~rer,
f ~nvoke any ramediea peermicced bq paragraoh 18 hereof. •
' 18. Aoceleration; Remedies. Ezcept aa provided in paragraph 17 hereof, upon Borrower's breacb of any oovenant or
E agreement of Borrower in t6is Mortga~e. inclnding the oovenants to pey w6en due any sums secured by thte llortgage, Lender
~ prior to eoceleratioa ahell mail notice to.Borrower as provided in paragraph 14 hereof specifying: (1) the breach; (2) the action
required to cure sach bresch; (S) a date, aot leas thaa 30 de~y~ trom the date the notice is mailed to Borrower, bp w6ich such
4 breach must be ~.~ured; aad (4) that failure to. cnre such breach on or before the date specified in the notioe mey result in
~ aoceleration of W e wms secured by this Nortgage. foreclosuce by judicial proceeding end sale of the Property. T6e notice shall
~ further jntorm Borrower of the rlght to reinstate sAer acceleration and the right to eraert in the foreclosure proceedins the ~
non•ezistence of s detault or any other defense of Borrower to aoceleraUon and foreclosure. If tbe breac6 is aot cured on or
before the daie speciAcd in the notice, Lender at Lender's option may declare all of the eams secured by this Mortgage to be
immediately dne aad payable wlthoat further demand and mpy toreclose this Mortgage by judicial prooeeding. Lender s6all be
entitled to collect in sec6 proceedlag all e:penaes_of torecloeure, including, bat not limite~ to, reaeonable atLoraey'e fees, and
costs of documentary evidenoe, abstracts and title reports.
19. Borrower's Ri~ht to Reinstate. Notwithstanding Lender
s acceleration of the anan~ sec~ued by thia Mortgage, Borrower ahall have
the right to have any pmoeedings begun by Lender to enforce thia Mortgage dieoontinned at any time prior to eatrq af a judgment enforcing ~
~ this Iulort8age if; (a) Borrower PaYs I.ender sil sums which v~ould be then due under thie Mortga~ge, the Note and notee eecnring F'ature ~
Advanaes, d any, had ao aooeleration oocurred; (b) Bormwer cures sU breaches of any other oovenants or agreemmta of Borrower ooatained in
this Mortgage; (c) Botm~?er paya all na~onable ezpense~ incurred by Lender in enforcing the oovmants and agreemeats of Borrowa
s oonteined in this Mortgage and in enfarcing Lender's remedies as provided in paragraph 18 hrreof. inclnding, b~rt no! limited to. reasonable ~
attorney's fees; and (d) Borrov?er takes snch action as I.ender may r~eaeonably reqnire to assure that the li~ of this MorteaBe. Lender's interest ;
s in the ~roperty and Borrowefa obligation to pay the sums secnred by thie Mortgage ahaU rnntinue unimpaired. Upon such paymenL and cure }
~ by Bormvvrr, thia Mortgage and the obligations ~ecured hczeby ahall remein in fnll force and effect as if no acceleration had oocurred. ~ ;
~ 20. As~ip~meat ot Rents; Appointment of Iteceiver. As additiona! eecurity hereunder. Borrower hereby aeaigns to I,ender the renta
~ of the Property, provided that Borro~ver shall. prior b aoceleration nnder paragraph 18 hereotor abandonment of the Pmperty. have the right
; to colled and retain ench rents as they become due and payable.
~ Upon aocekration onder peragraph 18 hereof a: abandonment of the ProperEy. I,ender shall be ~?titled to have a receiver appointed by a ~
R oonrt to enterapon. take posseesion of and manage the Property and to collect the rents of the Proparty. inclading Wose past due. All rents ~
~ oollected by the reoeiver s6aU be applied fint to peymeat of We oosb of mauagement of tl~e Property and ooUection of e+ents, inclnding, bnt nd ~
~ limited to, reoeiver's feer, preminma on reoeivds bonds and reasonable attorney's feea, aad then to the suma secnred by this Mortgage.'ILe ~
reoeiver shall be liabk to aooonat only for thwe renta actually reoeived. .
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