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A. Inspecttoa. t.eoder may ma~e or cawe to be made re~uon~bl~ eatrie~ upon aua in~pections otthe property, provided that Lender ahall
give Aortower notioe prio~ to any such in~pection sp~cifyinit reawnable cawe thereiorrelated to Iande~'~ inten~st in the PropetRy.
9. Condemn~tion. The prooeeds o! any award or claim for dama~e+, direM or oon~equential. i~ conaection with any oondeinnetion or
olher takinQ of the pmperty, o~ patt thereof, or tor conveyanos in lieu ot oondemnation, are heneby as~i~ned and ahall be paid to I.ender.
In the event of s toeal takin~ of the PropeKy, the pt+oceeds ~hall ba ~ppliad to the ~uma ~ecured by this Mort~e?~e, with the esee~~, ii eny.
paid to 8orrower. In the event ot e partisl takin~ ot the Property. unles~ Borrower and I.ender other~vi~e a~ree in writin~, then ~hap be
applied to ihe suau ~ecural by thi~ Morl~a~e ~uch proportion ot the pmceeds a~ u equal to that proportion which the amount of the ~uiw
secured by this Mort~a~e icnmediately prior to the date ot takin~ b~?n t~o ihe fair msrke~ valua of the Property unmediately prior to the date of
takir~, with the balance of tf?e ptoeeed~ paid to Borrowes.
If the Property iu abandoned by Aorrnwer. or if, aAer notice by I.ender to Borrower that the oondemnor otren b make an swasd or kttk a
claim tor damaQe~, Borrower taiL to re~ponb to L.ender witl~in 30 days after the daie ~uch notice u mailed, Lender ia authorised to coUect and
apply the proceed~, at Lende~~ option, eitha to restoration or repai~ of the p~opecty o~ to the suau ~ecured by this Mort~a~e.
Unleu Lender and Borrower otherwiae a~ee in writinR, any ~uch application of pmceedi to principal ~hal) not eztend ~ pwtpone the due
date oi the monthly instaUmenta referred to in para~raph~ 1 nnd 2 hereo! or chan~e the amount ot ~nch installmenb.
10. Borrower Not iteleased. E:tension of the time for paymant or modiRcation o! amoriisation o! t}~e auma secured by this Mort~a~e
rranted by I.eader to any euccessor in intere+t of Borrower ~hall not operate to release, in any manner, the liability of the oriQinal Bormwer
and ~orrower s successon in interest. l.ender ahall not be rcquired to oommence proceedin~s aQainst such euoceasor or refuse to e:tend time
f.,r payment or otherwise modify amortization of the eums secured by this Mort~aQe by reason of any demend made by the ori~inal Borrower
nnd Borm~vd~ auocesw~s in lnLe~est.
11. Forbeara»oe by I.ender Not e Welver. Any forbearanoe by [.ender in e:ercisin~ any ri~ht or nmedy hereunder, or otherwi~e
aiforded by applicable law, ~hall not be a waiver otor prcclude the exercise of any ~uch ~ht or nmedy.'17~e procurement ot iniuraooe or the
pay~nent oi tsae~ or other liena or charges by I~ender sha11 not be a weivrr of {.ender ~ ri~ht b accelersLe the maturity of the indebtednew
secund by thi~ Moefs~t.
12 Remedlea Cumulatlve. All remedies provided in this Mortgage arad'utinct and cumuletive to any other right or remedy under thu
Mort~aQe or af'forded by law or equity, aad ms~y be exercix~l oo~correndy, independently or ~uoceaaively.
l3. Succeuon end Awi~ns Bound; Jolat and 8everai Gtab[lity; Captiona. Tht oovenantg an~i aQreementa herein rnntained ahall
bind, aod the rights hereunder aha11 inurc to, the respective sucoeasote and assigni of [.ender and Borrowtr, subject to the provisions ot
paragraph 17 hereoL All covenanta and agreemenb of Borrower shall be joint and several. The captions and headings of the para~raph~ of
this Mort~a~e are foT covenienc~ onty and art not to be used to interptet or define the proviaions hrreot.
1 a. Notice. F.xcept [or any notice required under applicable law to be qiven in another manntr, (a) any notice t~ Rorrower provided for in
this MoHgaQe shell be given by mailing auch notice by certified mail addressed W Borrower at the Property Addreas or at such other addree~ aa
Rorrovver may designate by notice to I.endet as provided herein, and (b) any notice to l.ender shall be given by certified mail, retum reoeipt
requested, to Itnder's sddreea atated herein or to such other addresa aa I.ender may designate by natice to Borrower as provided herein. Any
notice provided for in this Mort~age shall be deemed to have been given to Borrower or I.ender when given in the manner deaignated haein.
15_ Unitorm Mort~age; Governin~ I.aw; 3everabil ity. This lorm of morigage oombines uniform aovenanta for netional use and non-
uniform covenanta vrith limited variat'sons by jwisdiction to constitute a uniform secutity instrument covering na1 property.'l1~is MortQa~e
rhall be governed by the Iaw of the jurisdiction in which the Property is located.ln the event that any provision or clause of this Mort~a~e or
the Note canilicts with applicable law, such rnnflict sheU not aflect other pmviaiona of this MortgaQe or the Note which can be given effect
withont the contliMing proviaion, and to thie end theprovisions of the Mort~aQe and the Note ate declared to bt severable.
16. Borrower'~ Copy. Aorrower ahall be furnished a rnnformed coPy of the Note and ot this Mort~aQe at the time of e:ecution or efter
recordatioo be~+~a~
19. Transfer oi tLe Property: Awumptfon. If all or any part of the Property or an intereat therein is sold or transferred by Borrower
without i.endefe prior written consent, e:cludinQ (a~ the creation of a lien or encumbrance eubordinate to this MortQa~e, (b) the creation of a
purchase money security intereat tor houaehold appliancee, (c) a tranafer by devise, descxnt oT by operation of law upon the death of a joint
tenant or (d) the qrant ot any leasehold interest of three yeare or leae not oontaining an option to purehese, l.ender mey, at I.ender a option,
declare a1) the sums secured by thia Mortgage to be immediately due and payable. I.ender ehall have waived auch option to aocelerate if, prior
t~ ~ the eale or tranefer. [.ender and the pereon to whom the Property ia to be eold or transferred reach agreement in writinQ that the credit of euch
peraon ia eatiafactory to [.ender and that the interest~ payable on the auma eecured by thia Mortgage ehall be at auch raee as I.ender ehall
r«~yueet. 1f I.ender has waived the option to accelerate provided in thia paragraph 17, and if Borrower a succeasor in intereat ha~ executed a
j w ritten agaumption a~[reement acrepted in writing by fxnder, l.enderahali release Borrower from all obligations under thia Mortga~e and the
N~~ ' ;
if T.enaer exerciaea euch oplion to accelerate, l.ender ahali mail Eiorrower notice of acceleration in accordance with paragraph l4 hereoL ~
Such notice eh.ill pruvide a peri~,d of not leaa than 30 daye fr~~m the date the notice ia mailed within which Borrower may pay the aums declared ~
duP. If E~rrower faila I.o pay auch Kums prior tn the expiratinn of euch period, I.ender may, withaut further no{ice oT demend on Eiorrower, ~
invokeany remediee prrmitted by parnQranh 1R hereof. F
' 18. Acceleration; Remedies. F.zcept as provided in paragraph 17 heteot. upon Borrower's breacfi ot any r~ovenant or _
F :?Rreement otBorrower in this Mortgage. includjng the covenants to pay when due any eum~ secured by thi~ Mort~a~e, Leader
prior to acceleretion ehall mai) notice to Borrower as provided in paragraph 14 hereof specifying: (1) the breach; (2) the actton
s reyuired to cure such breech; (3) a date. not leas than 30 daye from the date the notice ie mailed to Borrower. by which such
~ breach muet be cured; and (4) that failure to cure auch breach on or before.the da[e speciC~ed in the notice may result tn
Hcceleration of the suma eecured by thie Mortgage. toreclosure by judicial procseeding and ealeotthe Property. The notice s6a11
~ further into~m Borrower of ihe right to reinstate after acceleration and the ri~ht to aseert in the foreclosure proceedin~ the
s t~on-existence of a de[ault or any other defen~?e of Bonower to aceeleration and loreciosure. lt tfie breach ie not cured on or
t t,c•fore the date epecified in the notice. Lender at Lender'r option mey declare aU otthe sume secured by thia Mortga~e to be
; i mmedietely due and payeble wit?~out furtherdemand and may forecloee this Mortga~e by judicial proceeding. Lendet shall be
~ ~•ntitled to collect in *uch proceeding a11 e:penaee of torecloeure, including. but not limited to. reasonable attorney's teer, and
ruxte ot documentary evidence. abstrecta and title reporte.
~ 19. Aorrower's Right to Rein~tate. Notwithstanding I,ender'e accelerationof theaumaaecured by thia Mortgage. Borrowershali have
~ the riKht to have any proceedinge begun by I.ender to enforce thie Mortgage discontinued at eny time prior to entry of e judgment enforcing
~ this MortKaKe if: (a{ fiorrower paya Ixnder all aume which would he then due under this Mortgage, the Note and notee securing Future ;
Advancee, if any, had no acceleration occurred; (b) Burrower curee all breachee of any othercovenanta or egteementaof Bortowerconta'sne~ in j
~ thie Mo~age; (c) Rorrower paye all reasonable expenaes incurred by Lender in enforcing the covenants and agreements of Borrowet {
' contained in thie Mortgaqe and in enforcing l.ender's remediex ae provided in paragraph 18 hereof, including, but not limited to, reasonable
- attorney's feea; and (d! Borrower takes such action an Ixnder may maaonably require to aseure that the lien of this Mortgage, Lende~r's intere~t
in the Property and Borrower'e obligation to pay the eums aecured by this Mortgage ehAll continue unimpaired. Upon such paymentandcure
~ by Borruwer, thie Mortgage and the obligaqona secured hereby shall remain in full force and effect ae if no acceleration had occurred.
20. Aaeignment ot itents; Appointment of Receiver. Ae additional ~~ty hereunder, Borrower hereby aseigna to l.ender the rents
5 ~~f the Property, provided that Borrower shall, prior to acceleration under paragraph 18 hereoiar abandonmentotthe Property, hsvethetright ;
t w cvllect and retain such rente as tbey become due and peyable.
LJpon acceleration under paragraph IS hereof or abandonment of the Yroperty, I.ender ehaU be entitled to have a receiver appointed by a
` ~~o~K t~ enter-upon, take p~aaexs'son of and manage the Proprrty and to collect tt?e renta of the Property, includinq those past due. Al) rente
rnllected by the receiver ehall be applicd firet to payment of the coete of manaqement of.the Property and rnllection of rents, inetuding, but not
limited to, receiver'e feee, premiume on receiver'e bonda and reasunable attorney e feea, and then to the suma secured by thie Mortgage. The j
~ receiver ehal{ be liab{e u~ acoount unly for those rente aMually received.
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y . a~`~297 F~cE 926 ~
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