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8. Inspectlon. Lender may mal~e or cawe W be made reasoAable entries upon aad io~?~w o~a p~rope~fy, providS'd~lhat Lender ~hall
give Borrower ~otioe prios to any such inapection speritying reasonsbk cawe theAtio~ erl~d to Lend~'~ itrtereat in the Ptoperty.
8. Coademnatloa.'tl~e prooeeds of any award or claim far damaga. ditsct or con~equeatial, in oonnection with any oondemnation or
other taking of the pmperty. or part thereof, or for conveyanoe in Ueu of oondemnadon. are hereby a~signed and ~haU be paid to I.ender.
In the event of a total taking of the Property, the prooeeds ahall be appliod b the ~ums secu[ed by this Mortgage, vrith the ezoesa. if aay,
paid to Borrower. In the event of s partial taking of the Properf,y. unlesa Borrower and Lender other~vise egree in writing, there shell be
applied to the sums secured by thi~ Mortgage such proportion of the pmceedi a~ is equal to that pmportion which the amouat of We snm~
se~vred by thia Mortgage immediately prior to the date of taking bean to the fair markd value of the Property immediate~jr prior to the date of
taking. with the balantx of the proceeds paid to Borrower.
It the Prop~ty ie abandoned by Borrower. or if, after notioe by Lender to Borrower that the oondamnor o~ers to make an award or eettle a ~
cla.im for damages, Borrawer lails to respond to Lender within 30 days after the date such notice u mailed. Lender is authorized to collect and
apply the proceeds. at Lend~s option. either b nstoration or repair of the pmperty or to the sums secured by this Mortgage.
Unleea Lender and Borrower otherwise agree in writiag. aay such applicatioa of pmoeeds to principal ahall aot ~tend or poetpone the due
date of the monthly iaetalla~ents referred b in parsgraphe 1 and 2 hereof or change the amount of such installments.
10. Borrower Not Released. Extenaion of the time for paymant or modification of amortization of the aume eecured by this Mortgage
granted by I.ender to any aucceaeor in intereat of Borrower shali not operate Eo releaee, in any manner. the liability of the original Borrower
and Eiorrower's eucceasors in ~nterea~. Lender ahall not be required to oommence proceedings againat such eucceseor or refuse b e:tend time
for payment or otherwiee modity amortization of the auma eerured by thia Mortgage by maaon of any demand made by the original Borrower
and Borrower
a aucceasora in it?teresl.
11. Rorbeerance by Lender Not a Waiver. My forbearance by Lender in exerciaing eny right or remedy hereunder, or otherwiee
afforded by applicable law, ehall not be a waiver of or preclude the e:ercise of any auch right or nmedy.'l~e procurement of insurance or the
paymeat of taxes or other liena or charges by Lender shall aot be a waiver of Lender's right to aocelerale the maturity of the indebtedn~s
aec~red by this Mortgage.
12 Remedies Gtimuladve. All remediee pmvided in this Mortgage are diatinct and cnmulative b any other right or remedy under this
Mortgage or af~orded by law or equity, and may be ezercieed concuirently. iadependently or euoceeaively.
13. Succeesors and Aeeigns Bouad; Joint and 3everal Ltability; Captions. The covenante and agreementa herein contained shall
bind, and the righte hereunder shall inure to, the reepective eucc~eseors and aasigns of Lender and Borrower, aubject to the proviaiona of
paragraph 17 hereof_ All covenante and agreementa of Bortower ahall be joint and eeveral.'I4~e captions and headings of the paragraphs of
thie Mortgage are for covenience only and are not to be nsed to interpret or define the proviaiona henwf.
14. Notice. Except for any notice required under applicable law Lo be given in another manner, (a) any notice to Borrower pmvided for in ~
this Mortgage shall be given by mailing auch notice by certified mail addreased to Borrower at the Property Addreea or at auch other addrese as
E3orrower may designate by notice to Lender se provided herein, and (b) any notice to L.ender ahall be given by certified mail, return receipt
requested, to I.ender's addreea atsted herein or to auch other address as Lender may deaignate by notice to Borrow~ as provided herein. My
notice provided for in this Mortgage ahall be deemid to have been given to Borrower or Lender when given in the manner designated h~ein.
15. Uniform Mortgage; Governing I.aw; Severability. Thia form of mortgage rnmbines uniform wvenantefor national uae and non-
uniform covenanFs with limited variations by juriediction to oonetitute a uniform eec~uity inetrnment oovering real pmperty. This Mortgage
shall be governed by the law of the juriadiction in which the Property ia located_ In the event that any proviaion or clauee of this Mortgage or
the Note conilicts with applicable law, such conflict shaU not aPfect other pmvisione of this Mortgage or the Note which can be given effect
without the rnnflicting provieion, and to thie end the provisions of the Mortgage ~hd the Note are declared to be eeverable.
16. Borrower'e Copy. Borrower ahall be fnrniahed a conformed oopy of the Note and of thia Mortgage at the time of ~ecution or after
recordation hereof.
17.1~anefer of the Property; Aeeumption: If all or any part of the Property or nn intereat therein is aold or transferred by Borrower
without Lender
a prior written conaent, e:cluding (a) the creation of a lien or encumbrance subordinate to this Morlgage. (b) the creation of a
purchase money eerurity interest for houeehold appliancee, (c) a tranefer by devise. deecent or by operation of Iaw upon the death of a joint
tenant or (d) the grant of any leasehold interest of three yeare or leee not wntaining an option to purc6aee. Lender may. at Lender's option,
declare all the sums eecured by this Mortgage to be immediately due and payable. Lender ahaU have waived such option to aocelerate if, prior
to the aale or tranafer, Lender and the peraon to whom the Ptoperty ia to be sold or traneferred reach agreement in writing that the credit of euch
pereon ia eatisfaMory to Lender and that the intereat payable on the eume secured by this Mortg~ge-ahsll be at such rate as Lender ehall
requeat. If Lender has waived the option to accelerate provided in this paragraph 17. and if Borrower's auccessor in intereat haa euecuted a
written assumption agreement accepted in writing by Lender, Lender ahall release Borrower from all obligatione underthia Mortgage and the
' Note.
~ If Lender e:erciaes such option to accelerate, Lender shall mail Borrower notice of acceleration in aooordance with paragraph 14 hereoL
i
~ Such notice shall provide a peric?d of not less than 30 daya from the date the notice ia mailed within which Borrower may pay the sums declared
due. If Botrower fails to pay such sums prior to the expiration of auch period, I.ender may, without furthe~ notice or demand on I3orrower,
E ~nvoke any remedies permitted by paragraoh 18 hereof.
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~ 18. Acceleration; Aemedies. Ezcept ae prnvided in paragraph 17 hereof, upon Borrower's breac6 of any oovenant or
~ agreement o! Borrower in this Mortgage, including the covenants to pay w6en due any snms secured by thie Mortgage, Lender
prior to acceleration s6a11 mail notice to Borrower as provided in paragraph 14 hereof specifying: (1) the breach; (2) the action
required to cure such breach; (3) a date, not leee than 30 dayd from the date We notice Ia mailed to Borrower, by whic6 such
breach must be cvred; and (4) that failure to cure such breach on or before the date specified in the notice may result in
acceleration of the suma eecured by thi8 Mortgage, foreclosure by judicial proceeding end aale of the Property.The notice shall
further inform Borrower of t6e right to reinetate after soceleration and t6e right to eseert ia the foreclosnre proceeding the
non-ezietence of a default or eny other defenee of Borrower to acceleration and foreclosure. If the bresch ie not cured on or
before the date specified in the notice. Lender at Lender's optioa may declare all of the sums aecnred by t6is 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 auch procecding all ezpeases of foreclosure. including, but not limited to, reasonable attorney'e teee, and
coats of documentary evidence, abetracts and title reporte.
19. Borrower's Right to Reinetate. Notwithatanding Lender's aoceleration of the aums secured by thie Mortgage, Borrower shall have
the right to have any proceedinge begun by Lender to enforce thia Mortgage discontinued at any time prior to entry of a judgment enforcing
thia Mortgege if: (a) Borrower paya Lender all suma which would be then due under this Mortgage, the Note and notea securing Future
Advances, if any, had no acceleration occurred; (b) Borrower cures all breachee of any othercovenante or agreemente of Borrower contained in
~ this Mortgage; (c) Borrower pays all reasonable expeneee incurred by Lender in enforcing the covenanta and agreements of Borrower
~ oontained in thie Mortgage and in enforcing Lender s remediea as provided in paragraph 18 hereof, including, but not limited to, reaeonable :
attorney a feea; and (d) Borrower takea anch action ae Lender may reasonably require to aseure that the lien of thia Mortgage. [.ender'e interest ;
~ in the Property and Borrower a obligation to pay the sums eecured by this Mortgage ehall rnntinue unimpaired. Upon such payanent and cure
~ by Boaower, thia Mortgage and the obligatione secored hereby shall remain in full foroe and effect as if no acceleration had axurred.
~ 20. Aeeignment of Reats; Appointment of Receiver. Ae additional eecurity hereunder, Borrower hereby assigne to Lcmder the renta
~ of the Property, provided that Borrower ahall. prior to acceleration under paragraph 18 hereof or abandonment of the Property, have the right 3
to collect and retain euch rents ae they become due and payable.
~ Upon acoeleration under paragraph 18 hereof or abandonment of the Property, lender ahall be entitled to have a receiver appointed by a
~ oourt to enter.apon, take poeeeesion ot and manage the Property and to collect the rents of the Property, including thoee past due. All rente
oollected by the receiver ahall be applied fimt to peyment ot the oosts of managementof the Property and rnilection of rents, including, bnt not s
limited to, receiver's feea, premiums on rcceiver's bonde and reasoneble attomey's [eea, and then to the suma eecared by thia Mortgage. The t
~ receiver ahall be liable to acoount only [or thoee renta actually received.
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