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8. In~pectioa. Lender mqy make or cawe to be made rs~wnable entrie~ upon aad 'uupection~ of the pmperty, pmvided that I.ender ~hall ~
Qive Borrower notice prior to aay such in~pectioa specityin~ reawaabk cawe theref~ related b Lender'~ intetest in the Ptoperty.
9. Coademn~tioa.'l~e prooeed~ of any award or claim for damaQes. dinet or coasequeatisl. uf coanectioa with suymademnstioa or .
other ta4n~ of the peopezty. or part thereof. or for oonveyanoe ia Ueu of oondemnatioA, are hereby a~si~ned and shall be paid tu Lender.
In the eveat oi a btal takin~ of the Property, We pe+ooecd~ shell be applied b We sums ~ecured by thia Mo~~e, with tbe esoea, ii ~ny,
paid io Fwrruwe~. iu ine evaui ui u j?uiuiu `~wauir uf tuv F-Nvv~~. w~w~ °,~,~::.»ar and L~nd~ otherwias a~ree ia ~vritia~~ Were shall be
appUed W the sum~ secured by Wis Mort~a~e ~uch proportioa ot We proceeds as u equal b that propottion which the emount of the sum~ ~
secured by ehis Mort~eQe immediately prior to We dats of takinQ bears to We fair markd value oithe Propedy immediably prior to the date of ~
taldng. wiih the balanoa of the prooeed~ paid b Borevwar. ~ . ;
~ If theprope:ty is abando~ed by Bono~rer. or if. aRer notica by Lendes to Borrower Wst the oondemn~ oPfen to make an awsrd or ~ettk a
claim for dame~es, Borrower faib to re~pond to Lender withia 30 days attez the date ~nch notioe is mailed. I.ender u authotir~ed to collect and
apply ehe pro~eed~. at Lender'a option. eiWer b n~to~atioa or repair of the property or to the ~nma ~ecured by thia Mortga~e. ;
Unlees I.ender and Borrower othrrwiee agree in ~rriting. any euch application of prooeeds to principal ~bali noi eYt~ead o~ pwipoi~e the due
date of the moathly ins~nts referred to in paragrapha 1 and 2 hareof or change the amount of such uutallmeats. ~
10. Borrower Not Released. Eztension o[ the time for pqymant or modificatioa of amortization of the aums secured by thie Mortgage i
granted by I.ender to aqy successor in intereat of Bo~ower ahall not operate to release. in any manner; the liability of the original Borro~rer
and Borrower s succesaors in inter~st Leader shall not be required b oommenoe proaedinga againat such sucteasor or refuse to extend time `
[or payment or otherwise modify amortization of the aums eecured by this Mortgege by reaeon of any demund made by the original Borrower
and Borrower's suceessors in interest. • . ~
11. Forbearaaoe by I.ender Not w Nlaiver. Aay forbearanoe by I.ender ia e:errising any right or remedy hereuader. or oWerwi~e
a~orded by appficable law. shall not be a waiver of or preclude the ezercise of any snch right or remedy. The procuraaent of uu~anoe or the
paymea~t of ta:es or oWer liens or charges by I.end~ ahaU not ~e a waiver of I.ender's right to aooelerate the maturity of the indebteduew
eecnred by th;s Mottgaga ~
12 Remedie~ Gtimulstive. All remediee provided in thia Mortgage ara diatinct a~sd cumulative to any other right or nmedy nndeT this :
Mortgage ~ aBorded by Isw or equity, aad may be ez~zcise~l ooncurrently. independently or suocessively. i
13. 3uocessora and Aesigns Bound; Joiat and 3everal Liability; Capt'~~s. :^et covenants aad egrcemente here~n oontained shall
bind, and the righta hereunder ahall innre to. the reapective ancoeeaors and asaigas of I.ender and Borrower. anbject to t~e pmvisions of
paragraph 17 hereof. All rnvenants and agreements of Borrower shall ba joint and aeveral.'Rre captions and h~dings of the paragrapha of
thia Mortgage are for covenience only and are not t~o be uaed to interpret or define the provisions hereof.
14. Notice. E:cept for any notice required under applicable law to be given in another mann~, (a) any notice to Borrower provided forin
thia Mortgage ahall be given by mailing anch notice by oertified mail addresaed to Borrower at the Property Addnes or at sach other addnsa as
Borrower may deeignate by notice to Lender as pmvided herein, and (b) any notice to Lender shell be givea by oertified mail. return reoeipt
requeated. to Lender's addreea atated herein or to such other address as Lender may deaignate by notice to Borrower aa provided herein. Any
notice pmvided for ia this Mortgage shall be deemed to have been given to Borrower or Lender when givw in the manner designated herein.
15. Uniform Mortgage; Governing I.aw; 3everability. Thie form of mortgageoombines uniform oovenants for national use and non-
uniform covenaats with limited variationa by jurisdiction W oonetitute a uniform eecurity instnunent oovering real property.'Ibis Morigage
shall be governed by the law of the juriediction in which the Propeity ia located. In the event that any provision or clause of this Mortgage or
the Note conflicta with applicable law. such contlict ahall aot affect other provisiona of thia Mortgage or the Note which can be givea effect 4
without the oonflicting proviaion, and W thia end the pmvieiona of the Mortgage and !he Note are declared to be eeverable.
1& Bortower's Copy. Borrower shall be furniahed a conformed oopy of the Note and of thia Mortgage et the time of ezecution or after
recordation hereof. •
1"7. 'l~anefer of tlie Property; A~umpNon. If all or aay part of the Property or an inlereet therein is sold or transferred by Borrower
without I.eader'a prior written conaent, e:cluding (a) the creation of a lien or encumbrance aubordinate to lhie Mortgage, (b) the crestion of a
purchaee money eecurity intereat for houeehoW appliancea, (c) a tranafer by deviee, deecent or by operation of law upon the desth of a joint ~
tenant or (d) the gtant of any leasehold interest of three years or leas not oontaining an option to putchaee. I.end~ tinay. at Leade~e option.
declare all the euma secured by this Mortgage to be immediately due and payable. I.ender ahall have waived auch opbion to accelerate if, prior
to the eale or trenafer, Lender and the pereon to whom the Property ia to be sold or traneferred reach agreement in writing that the credit of such _
pereon is aatiefactory to Lender and that the interest payable on the eums aecured by this Mortgage ehall be at such rate aa [.ender shall
requea~ If Lender haa waived the option to accelerate provided in thie paragraph 17, and if Borrower
s suoc~sor in intereat hes ~ecuted a
written assumption agreement accepted in writing by Lender, Lender ahall release Borrower from all obligationa under thie Mortgage and the -
Note.
If Lende~ e:ercises ~ch option to accelerate. Lend~ ahall mail Borrower notice of soceleration in ac~cordance with paragraph 14 hereoL
Such notice ehall provide a periad of not leas than 30 daya from the date the notice ia mailed within which Borrower may pay the s~me declared
due. If Borrower faile to pay such sums prior to the e:piration of such period, Lendez may, without further notice or demand on F3orrower.
invoke any remedies permitted by paragra~h 18 hereof. .
18. Aoceleration; Remediea Ezcept as provided in paragraph 17 hereof, upon Borrower'e breacb af any oovenant or ~
agreement of Borrower in thia blortguge. including the oovenanta to pay when dne any eums secured by this Mortgage, Leader -
prior to aoceleration shall mail notice to Borrower as prnvided in paragraph 14 hereof specifying: (1) the breach; (2) the action
required to care suc6 breac6; (3) e date, not leas then 30 days trom the date the notice is mailed to Borrower. by which snch -
breach muat be cured; and (4) that failure to care such breach on or before the date epecified in the nodoe may result in
acoeleration of t6e sums eecured by this Yortgage, foreclosnre by f ndicial prooeeding and sale of t6e Propertp. The notice shall .
furt6er inform Borrower of the rig6t to reinetate aRer aoceleration and the right to aseert in the toreclosure proceeding t6e
non-eziatence of a detault or any other defeose of Bonower to aoceleration and foreclosnre. If the breach is not cured on or
before the date specified in the notice, Lender at Lender's option may declare all oI the eums secured by this b[ot tgage to be
immediately due and payable without further demand and may foreclose this Mortga~e by judicial proceeding. Lender shall be
entitled to collect in such proceeding ali e:peneea of forecloeure, including. but not limited to, reaeoneble attomey'e fees, and
coste of documentary evidence, abetracts and title reporte.
19. Borrower'e Rig6t to Reinetate. Notwithetanding Lender'a aoceleration of the eums secured by thie Mortgage. Borrower a6aU heve
the right to have any proceedings begun by Lender to enforce thia Mortgage diacontinued at aay time prior to entry of a judgment enforcing
thia Mortgage if (a) Borrower paya Lender all eums which would be then due under this Mortgage. the Note and notes securing F1~du~e
Advances, if any, had no aoceleration occurred; (b) Borrower cures all breachee of any other covenanta or agreements of Botrower oontained in
this Mortgage; (c) Borrower pays all reasonable e~cpenaea incnrred by Lender in enforcing the covenanta and agreements of Borrower
oontained in this Mort~age and in enforcinA Lender'a remedies aa provided in psragraph 18 hereof, including, but not limited to. reaeonable
ettorney's feea; and (d) Borrower takee such action aa Lender may reasonably require to assure that the lien of thia Mortgage, Lender
s intereet ~
in the Property and Borrowe~e obligation to pay the sams secured by thia Mortgage shall continne unimpaired. Upozranch payment and cnre
by Borrower, thia Mortgage and the obligationa secured hereby shall remain in full force and effect as if no sooeleratioa had occurred.
20. Assignment of R.ents; Appointment of Receiver. As additional eecur~ty hereunder, Borrower hereby aasigne to Lender the rents ±
of the Proptrty. provided that Borrower shall, prior to aoceleration under paragraph 18 hereof or sbandonment of the Property, have the r:ght • ;
to colled and retain euch rents aa they become due and payable. .
Upon acoeleration under paragraph 18 hereof or abandonment of the Property, I.ender shall be entided b have a reoeiver appointed by a
ooiut to enter.npon, take poasession of and manage the Property and to rnllect the rents of the Property, including those past due. All renta ;
oollected by the receiver ahall be applied firet to payment of the aosts of management of the Property and oollertion of rents, inclnding, but not :
limited to. receiver'e fees, premiuma on receiver's bonds and reasonable attorney's fcea, and then to the sume secured by thia Mortgage. The
reoeiver ahall be liable to eooount only for those rents adually received.
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