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8. In~pectloa. Lender may malce or cews to be made rsewaeble eatrie~ upop ~nd ia~psctioru of the prope:ty. provided Wat l.endar ~hap
Rive Horro~rer aotice pria b any iuch inipection s~eci~jring teas~aabls cawe the[efor related to I.eader'~ intere~t in t}~e proparty.
9. Co~demnatloa.'lUe prooeed~ oE any awsrd or claian [or dam+e~es, direct or ooa~equeatial, IR OOpAlC~IOR Nj~}1 ~I~y CpAdlqlD4L1011 Ot
other takin~ of the pm{~rqr. ot part thereof. os fo~ oonveyaaoe ia lieu of coademnatioa. ere hereby aasi~aed and shaU be paid to i~ader. !
in ehe event of e t~otal taking of the ProPertY. We pmceeda al~a~ll be applied b the ~ums ~scured by this Most~a~e. ~vith the esoew. if wy. !
paid to Borrawer. Ia the event of s partial takin~ ot the Property. unlew Borrower and Lead~ othervi~s w~ree ia ~vritiut~ there ~haU be
applied to the sums.~scured by thia Mo~a~e such proportia~ of We prooeedi a~ is equal Lo Wat propoction which tiie amow?t ot We s~ms
eecured by this Mortaa~e imrnediatety prior to the date of tskin~ bsan ta ehe fsir marke! value of the Ptopedy immediate~y prior b the date ot
tsking; wiW the balanca ot ths proeesds paid to Bon~orver. . '
If the Property i~ abendoaed by Borrowre~r, oe if. aiter notice by Lei?ds~ b Bormwer that the ooadannos o~'ers to make sn a~rud or ~ettle a z
claim for dama~e~, $orrower fe~ib to re~pond to Lender within 30 days eR~er the date auch aotioe ia meWed. Leader u authorised to ooRect aad '
appiy tha prooeed~. at I,wder's option, ather to reatoratioa or repair of the property ar to tbe ~ums ~ecured by thi~ Mo~age. ~
Udesa I.eud~ and Borrower otber~vise_ agree ia ~rriting~ aay such application of proceeds b priacipsl shall aot extend ot po~tpoae the due
date of the monthly inetsllments referred to in peragraphs 1 and 2 he:eof or change the amount of such iaatallmenh. .
10. Borrower Not Released. Facteneion of the time for paymsnt os modification of amortization of the aums ~ecured by this Mortgage
granted by Lender to any aucoeasor in interast of Borrower sheU not operate b release~ in sny manner. the liability oi the original Bo:rower
and Bocrower's euccesson in intsrest, Lender ahall not be required to oommence proceedings against such auccessor or refuse to ezlend time
for payment or otherwise modify amortization of the auma secured by this Morigege by reason of any demand made by the original Borrower
and Borrower's sucresaors in interest. '
11. Forbearanoe b~ Le~der Not ~t Watver. My forbearaace by Lend~ iu esercising aay riQht or nmedy hereunder. ~ othenvise '
afforded by appliceble law. shall not be a waiver of or preclude the e~cercise of any such r~ht or ~.11ie pmcunmeut of insaranoe or the ;
payment of taxea a~ other liens or charges by I.ender ahall aot be a waiver o~ Larder'e right to aooelerate tl~e matnrily of the indebtedness
eecured by thi, Mortgage.
12 Remedie~ ~m~4Uve. All remedies provided ia t}w MortgaQe are distind aud cumulative b aay other right or nmedy under thie ,
Mortgage or afforded by lawr or eqnity. and may be euercisc~l ooacnrrently. independmidy or suooewively.
13. Sucoessors aud Asai~tu Bound; Joint and Severs! Liabillty; Csptioa~. The oovenants and agreements herein ~ontained shall
bind, and the righta hereunda shall innn to, the reapective aucceasors aad assigna of Lender and Bo:rower. anbject to the provisions of •
;.s*~~gh ?~e*p!+i !nv~nania and aareements oi Borrower shall be joint and several. The captions sad headings of the paragraphe of '
this Mortgage are for covenience only and are not W be osed to interpret or define the proviaions hereoi.
14. Notice. E:oept tor any notece required under applicable 1aw to be given in another mannet, (a) any notice to Borrower pmvided for in ~
thia Mortgage shaU be given by mailing such notioe by oertified mail addrnsoed to Botrroarer at the Property Addteas or at such other addresa as
Borrower may designate by notiae to I.ender as pmvided hereia. and (b) any notioe to Lender shali be given by certified mail. nturu reaipt
requested, to Lender'e addreas etated herein or to such other addrees as Leader may deaignate by aotioe b Borrower aa provided hezein. Any
notice pmvided !or in thia Mortgage shall be deemed to have been given to Borrower or Lender when given in the manner designated herein.
15. Uniform Mort~age; Governin~ Law; 3everability. T6ia form oimortgage combines uniform oovenants for astional use aad non- £
unifotm covenants with limited variations by jurisdictioa to wnstitute a unifora~ secarity instrument oovering real property. Thia Mortgage
ah a!1 be govemed by the larv of the juriadiction in which the Ptoperty is located. In the event that any provision or clanse of this Mortgage or :
the Nota confiicb ~vith applicable law. auch conflict shall not affec! oth~ provieions of thia Mortgage or We Note ~vhich can be given effect F
without the oontlicting proviaion. and to thie end the pmvisions of the Mortgage and the Note are declared to be aeverable. ;
16. Borrower'~ Copy. Boie~ower shall be fnrnished a oonformed oopy of the Note and of this Mortgng~at the time of ~ecution or after ~
recordation hereof. '
17.1~ana[er of t6e Property; Aesumpdon. If all or any patt of the Property or an interest therein is sold or iransferred by Borrower ;
without Lender's prior written rnnsent, e~ccluding (a) We creation of a lien or encumbrance subordinate to thia Mottgege. (b) the cteation of a j
purchaee money eecurity iqterest for household applisnoea, (c) a tranefer by deviee, desoent or by operation of law upon the death of e joint ;
tenant or (d) the grant of any leaeehold inlereet of three yeare or leas aot oontaining an option to purchase. I.ender may. at Lendei's option.
declare all the eums secureu by thie Mortgage b be immediately due and payable. Lender ahall have waived such option to aocelerete if. prior ~
to the sale or tranefer, Lend~ and the person to whom the Ptoperty ia to be sold or trsnsfe~red reach agreemept in vvriting that the credit of enich - ~
peraon is satiafactory to Lender and that the intereet payable on the sume secured by this Mortgage ehall be at auch rate ae I:ender ahall
reyuest. If Lender_haa wsived the option to aooelerate provided in thia paragrsph 17. and if Borrowe~'e euoceseor in interest has ~ec9ted a
written aeeumptioa agreement acoepted it~ writing by Lender, Lender ehall releaae Borrower from all obligationa under this Mortgage and the -
Note. - -
If.I.ender rsercise8 such option to accelezate, I.endez shall mail Borrower notioe of sooele~ration in aooordanoe with p$ragraph 14 hereoL
5uch notice ahall provide a period of not leas than 30 days fi»m the date the notice ia mailed within whieh Bormwer may pay the aume declared
due. It Borrower faila to pay auch aums prior to the eYp'vation of such period, I.enda may, without furthet notice or demand on Borrower, ,
invoke aey rem,edies permitted by pazagranh l8 hereof.
18. Acceteration; Remedies. Ezcept aa provided in paragraph 17 hereof, apon Borrower'a breacL of sny oovenant or
agreement of Borrower in thls Mortgage, including t6e oovenants to pay when due any sums secured by thib ~iortgage, L~der
prior to aooeleration shall mail notice to Borrower as provided in paragraph 14 hereof opecitying: (1) the breach; (2) the action
required to cure snch breach; (3) a date, not leee t6an 30 days lfrom t6e date We notioe is ma~]ed to Borrower, bp which snc6
breech must be cured; and (4) that fsilnre to arre auch breach on or betore the date specified in the notice maq reeult in -
acceleration of the sums secured by t6ie ~Iortgage, forecloeare by jndicial proceeding and sale of W e Property. The notlce shall
further intorm Borrower of the right to reinstate after aocelecation and the ri~ht to assert in the toreclosure prooeeding the ~
non-ezistence of a default or any other defense of Borrower to aoceleration and forecloeure. If the breacb is aoi cnred on or
before the date specified in the notice, Lender at Lender'e option may declare all of the suma aeeured by this Mortgage to be 1
i mmediately due aad payeble without further demand and may toreclose this Mort~a~e by judicial proceeding. Lender shall be ;
entitled to collect in such proceeding ail ezpenses of torecioeure. including, but not limited to, reaeonabte attorney's feee. and '
coate of documentary evideace, abstracts and title reporte. ~
l q. Borrower's Right to Reinstste. Nqhaithatanding Lender'a soceleration of the enms sec~red by this Mortgage, Borrower ahall have .
the right to have any proceedinge begun by Lendet to enforce thia Mortgage discontinued at any time prior to entry of a judgment enforcing
thie Mortgage J(a) Borrower paye I.ender all suma which wonid be then due under thia Mortgage, the Note and aotes sxvring l~tnre j
Advaocea. if eny, had no aaoeleration occurned: (b) Bon+ower cares a11 breaches of any other oovenants or agreem~te of Borrower oontained in
thia Mortgage; (c) Borrower pays all reaeonable ~peneea incurred by I.ender in enforcing the oovenanta and agreements of Borrower i
contsined in this Mortgage and in enforcing I.ender's remediee aa provided in paragraph 18 heieof, including, but not limited to. reasonabie ~
attorney's feea; and (d) Borrorver takea such action as Lender may reasonebly reqnire to assnre that the lia~of thia Mortgage, Lender's intrnst 3
i n the Property and Bormwe~e obligation to pay the eums eecured by this Mortgage shall continue nnimpaired. Upon anch payment and cnre
by Borrower. this Mortgage and the obligationa eecured hereby shaU remain in fnll foroe and effect ae if no soceleration had occurced, t
20. Aeaignment of Rents; Appointment of Receiver: As additional security hereander, Borrowet hereby sesigna to Lender the r~ts i
o f the Property, pmvided that Borrower shall. prior to eooeleretion w~er paragrsph 18 hereof or ebandonment of the Property. have the right s
to collect and retain auch iente se they become due and payable. ' ~
Upon aooeleration undez paragraph 18 hereof ar abandonment of the Property, I.ender shall be entided to have a receiver appointed by a
court !o entet~pon, ta1~e pos~ession of en~ manage the Property and to collect the rents of the Property, including those paat due. All rente
collected by the receivet shsll be applied fizst to payment of the oosta of management of the Property and ooUection of rente, including~ bnt not
~imited to, receiver s fed, premiums on receiver's bonds and reaaonable attomey'a fees, and then to the sums secnred by thia Mortgage. The
receiver shall be liable to aooonnt only for thoee renta actually received.
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