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8. la~pectlon. I.ender may make o~ cause b be made reawneble entrie~ upoa snd 'uupections of ihf pjop~rtY, ptobided ~a~ Lender~hall
give 8orrower notice prior to any ~uch inspection specifying reasonable cawe therefor ralated to I.ender's interest in the Property.
9. Condemnation.'ITSC proceeds of any nward or claim for dameges. direct or conseQuential. in connection with eny ooadeannation or
other taking of the property. or par/ thereof. or for ~onv~yance in lieu oi co~d~nnatian, ~re hereby eesigned and sh~11 Ypsid to Lender.
In the event of a total taking of the Pmpedy. the proceeds shall ba appiied to the sume secured by this Mortga~e, wit~~N ~oew, it any. t
paid to Bomawer. Ia the event ot a partial taking o! the Property, unleoa Borrovver and Lender otherwise agree in writia~, there ~hal! be g
applied to the suma secured by this Mortgage such proportio~ of the proceeds as is equal b that pmportion which the amount oi tlie sums
aecured by this Mortgage itnmediately prior to the daLe of taking bears to the fair market value of the Propedy immediately prior to thedateof
taking, with the balanca of the proceed~ paid to Borrower.
If the Pr~operiy ia abandoned by Borrower, or i!, aRer notioe by I.ender to Borrower that the a~ndemnor offers Lo meke an a~vard or settk a
claim for damagea. Borrower fails to respond to Lender within 30 daye after the date euch notice ie mailed. Lender ie authorised to collect and
apply the proceede, at I.ender's option, either b nstoratioa or repair of the pmperty or to the aums secured by this Mortgage.
Unleas L.ender and Borrower otherwiee agree in writing, any euch application of pmceede to principal shall not e:tend or postpone the due
date of the monthly inetallmenta referred b in patagtaphs 1 and 2 heteof or change the amount of such inetallmente.
10. Iiorrower Not Releaeed. E:tenaior? of the titne for paymant or modificatio~ of amortization oCthe auma eecured by thie Mortgage
granted by Lender to any eucceseor in i~tereet of Borrower ehall not operate to releaee, in any mannes, the liability of the original Borrower
and Borr:,wei a auccessors in interea~ Lender ahall not be required to oommence p~~ecdinge against ay~h eucceaeor or ieiuse io exirri~i ti~e
for payment or otherwise modify amortization of the sume secured by this Mortgage by reason of any demand made by the original Borrower
and Bomowei s aucceseors in interea~
i l. Forbeeraace by Leader Not a Waiver. Any forbearance by Lender in ezerciaing any right or remedy hereunder. or otherwiee
afforded by epplicable law, ahall not be a waiver of or preclude the exerciee of any auch right or remedy. The procurement of inautance or the
payment of ta:es or other liene or charges by Lender shall not be a waiver of I.ender's right to accelerate the maturity of the indebtedaeaa
secured by this Mortgage. ~
12 RemedIee Cumulstive. All remedi~ provided in this Mortgage are diatinct and cumulative to any other right or remedy uader this
Mortgage or afforded by law or equity, and may be ezercieed ooncwrendy, independently or eucceHeively.
13. SucceBeors and Asaigne Bound: Joint and Severat Liabiltty; Capttoas. The covenants and agreements herein rnntained aha11
bind, and the righte herrunder shall inure to, Lhe respective auccessora and aeaigne of L.ender and Borrower, subject to the pmviaions of
paragraph 17 hereof. All covenante and agreemente of Borrower ahall be joint and eeveral. The captions and headinge of the paragraphs of
thia Mortgage are for rnvenience only and are not to be ueed to interpret or define the provisione hereof.
14. ~latice. Except for any notice required under applicable law to be qiven in another manner, (a) any notice to Borrower provided forin
this Mortgage ahal) begiven by mailing auch notice by cettified mail addreesed to Botrower at the Property Addreas or at euch other addrees as
Borrower may deaignate by notire to [.ender as provided herein~ and (b) any notice to Lehder ahall be given by certified mail, return receipt
requested, to Lender'a addrees ststed herein or to auch other addresa aB Lender may designate by notice to $orrower ae provided herein. Any
notice provided for in this Mo.tgA~e ghall be deemed to have been given to Borrower or I.ender when given in the manner deeignated herein.
15. Uniform Mortgage; Governing I.aw; 3everability. Thia form of mortgage rnmbines uniform mvenanta for nationai use and non-
uniform mvenanta with limited variations by jurisdiction to oonstitute a uniform aecurity instrua~ent covering real ptoperty. 7~is Mortgage
ahall be governed by the law of the juriadiction in which the Property is located. ln the event that any pmvision or clauee of this Mortgage or
the Note conflicts with applicable law. such conflict shall not affect other provisions of this Mortgage or the Note which can be given effeet
without the rnnflicting provision, and to thie end the proviaions of the Mortgage and the Note are declared to be aeverable.
16. Borrower'e Copy. $orrower shall be fumiahed a rnnformed copy of the Note and of thia Mortgage at the time of ea~ecution or efter
recordation hereof. ~
17. 7~anafer of the Property; Asaumption. If all or any part of the Property or an intereat therein is eold or transferred by Borrower
without Lender's prior written consent, e:cluding (a) the creation of a lien or encnmbrance eubordinate to thie Mortgage, (b) Ehe cre~ttion of a.
purchaee money security intereat for houeehold apptiances, (c) a tranafer by devise, cle~eent or by operation of law apon the dsatl~ of a joint
tenant di~ (d) the grant of any leasehold intereat of three years or leae not aontain'ing an option to purchase, I.ender mey. at Lender s option,
declare a11 the sums secured by this Mortgage to be immediately due and payable. t.ender ahall have waived such option to aa:elerate if, prior
to the e$le or tranefer, Lender and the pereon to v~hom the Property ia to be sold or tranaferred reach agreement in writing that the rredit of auch
person is satisfactory to l.ender and that the interest payable on the aume secured by this Mortgege ahall be at auch rate as Lender ahall
request. If l,ender has waived the option to accelerate provided in this paragraph 17, and if Borrower s succesaor in intereat has eaecuted a
written asaumption agreement accepted in writing by Lender, Lender ahall release Borrower from all obligations under this Mortgage and the
Note.
If Lender exerciaes such option to accelerate, Lender shall mai) Borrower notice of acceleration in accordance with paragraph 14 hereof.
Such notice shall provide a period of not leas than 30 daya from the date the notice is mailed within which Borrower may pay the suma declared
due. If Boaower faiis to pay auch sums prior to the expiration of such period, I.ender may, without further notice or demand on Iiorrower,
invoke any remedies permitted by paragraoh 18 hereof
18. Acceferation; Remedies. Ezcept ae provided ia paragraph I? 6ereof, upon Borrower's breach of aay oovenaqt or
agreement of Borrower in this Mortgage. inclading the oovenants to psy when due any sume eecnred by thie Mortgage. Lender
ptior to acceleration ehall 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 lese than 30 days trom the date the notice is mailed to Borrower, by which such
breach muet be cured; and t4) that failure to cure euch breach on or before the date epecified in the notice may result in
acoeleration of the eume secured by thia Mortgage, foreclosure by judicial proceeding and sale of the Property.The notice ahall
further inform Borrower of t6e right to reinstate aRer acceleration and the right to assert in the forecloeure proceeding the
non-e:istence of a default or any other defense of Borrower to acceleration and forectoaure. If the breach ie not cured oa or
before the date specified in the notice, Lender at Lender'e option may declare all of the aums secured by t6is Mortgage to be
emmediately due and payeble without furtherdemand and may foreclose this 1liortgage by judicial proceeding. Lender shalf be
entitled to collect in sueh proeeeding all e:penses of forecloaure, including* but not limited to, reasoneble attorney's fees. and
coste of documentary evidence, abatracts and title reporte.
19. Borrower'a Right to Reinatate. Notwithatanding Lender's acceleration of the aums eecured by this Morfgage, Borrower shall have
the right to have any proceedinga begun by Lender tv enforce thia Mortgage discontinued at any time prior to entry of a judgment enforcing
this Mortgage if: (a) Borrower pays I.ender all sums which would be then due under thia Mortgage, the Note and notea securing F~ture
Advancea, if any, had no acceleration occarred; (b) Borrower curea all breachea of anyother rnvenants or agreemente of Borrower con tained in
this Mortgage; (c) Borrower paye all reasonable e:pensea incvrred by Lender in enforcing the rnvenants and agreemente of Borrower
oontained in this Mortgage and in enfonting I.ender's remedies as provided in paragraph 18 hereof, including, but not limited to, reaeonable
atiorney's fee9; and (d) Borrower takes such action as Lender may reasonably require to assure that the lien of thia Mortgage, Lender's interest
in the Property and Borrower'a obligation to pay the sums secured by thie Mortgage ehall coniinae unimpaired. Upon auch payment and cure
by $orrower, thia Mortgage and the obligations aecured hereby ahall remain in full force and effect as if no acceleration had occurted.
20. Aseignment of Rents; Appointment ot Receiver. A$ additional serurity hereunder, Borrower hereby assigna to Lender the rente
of the Property, provided that Borrower ahall, prior to acceleration under paragraph 18 hereof or abandonment of the Property, have the righ!
to rnllect and retain auch renfs as they become due and payable.
Upon acceleration undet paragraph 18 hereof or abandonment of the I'roperty, Lender shall be entitled to have a receiv~ aQpointed by a
aourt to enter~upon, take poseeaeion of and manage the Property and to coUeM the rents of the Property, including thoee past due. Ail rente
oollected by the receiver ahall be appiied 5rst to payment of the ooeta of managementof the Property and rnllection of renta, including, bnt not
limited to, teeeiver
a fees, premiume on receiver e bonds and reasonable attorney'a (ees, and then b the sums eecured by thie Mortgage.'ILe
receiver aha11 be liable to acoount only for those renta actually received.
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