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8. IAapectiOD. Lender may make or cause b be made reasonable entries upon sad inspections of the property, provided that Lender shall
give Borrower notice prior b any ouch inspection specifying reasonable cause therefor elated b Lender's interest in the Property.
9. Condemnation. The proceeds of any award or claim for damages, director consequential, in connection with any condemnation or
other taking of the property, or past thereof. or for conveyance in lieu of condemnation, are hereby assigned and shall bs paid b Leader.
In the event of a btal taking of the Property, the proceeds shall be applied b the cams ascend by this Mortgage, with the esoess, if say,
paid b Borrower. In the event of a partial talung of the Pmpergr, unless Borrower and Lender otherwise agree in waiting, there shall be
applied b the sums secured by this Mortgage such proportion of the proceeds as is equal b that proportion which the amount of the sums
secured by this Mortgage immediately prior b We date of taking bears b the fair market value of We Property immediatelvjr psior b the date of
taking, with the balance of the proceeds paid b Borrower. '
if the Proper4r is abandoned by Borrower, or if, ages notice by Lender b Borrower that the ooademnor offers b make as award or settle a
claim for damages, Borrower fail b respond b Lender within 30 days after We date each notice is mailed, I.enda: is authorised b tolled and
apply the proceeds, at Leader's option, either b restoration or repair of the propesRy or b the sums secured by this Mortgage,
Unless Lender and Borrower oWerwise agree in writing, any ouch application of proceeds b principal shall not eztead or postpone the due
date of the monthly installments referred b in paragraphs 1 and 2 hereof or change the amount of such installments.
10. Bos~rower Not Released. Extension of the time for payment or modification of amortization of the sums second by this Mortgage
granted by Lender b any successor in interest of Borrower shall not operate b please, is any manner, the liability of the original Borrower
and Borrower's successors is interest. Lender shall not be required b commence proceedings against such sua~essor or refuse b eztend time
for payment or otherwise modify amortisation of the soma secured by this Mortgage by pason of any demand made by the original Borrower
and Borrower's aucceseon in interest.
11. Forbearance by Lender Not a Waiver. Any forbearance by Lender in ezercising any right or remedy hereunder, or otherwise
afforded by applicable law, shall not be a waiver of or preclude the ezercise of any such right or remedy. The procupment of insurance or the
payment of taxes or older liens or charges by Lander shall not be a waiver of Leader s sight b accelerate We maturity of the indebtedness
secured by this Mortgage.
12 Remedies Cumulative. All pmedies provided in this Mortgage ap distinct and cumulative b any other right or pmedy under this
Mortgage or afforded by law or equity, and may be e:erciee~t concurrently, independently or suoceaeively.
13. Successors and Assigns Bound; Joint and Several Liability; Captions. The covenants and agreements herein contained shall
bind, and the rights hereunder shall inure b, the papedive eaooeesors and assigns of Lender and Borrower, subject b the provisions of
paragraph 17 hereoL All covenants and agreements of Borrower shall be joint and several, The captions and headings of the paragraphs of
this Mortgage an for covenience only and are not b be used b interpret or define the provisions hereof.
14. Notice. Except for any notice required under applicable law b be given in another manner, (a) any notice b Borrower provided for in
this Mortgage shall be given by mailing such notice by certified mail addressed b Borrower at the Property Addrcea or at such other address as
Borrower may designate by notice b Lender as provided herein, and (b) any notice b Lender shall be given by certified mail, pturn receipt
requested, b Lender's address stated tiepin or b such other addcees as lender may designate by notice b Borrower as provided herein. Any
notice provided for in this Mortgage shall be deemed b have been given b Borrower or Lender when given in the manner designated herein.
15. Uniform Mortgage; Governing Law; Severability. This form of mortgage combines uniform covenants for national use and non-
uniform covenants with limited variations by jurisdiction b constitute a uniform security inatrumeat covering real property. This Mortgage
shall be governed by the law of the jurisdiction in which the Property is located. In the event that any provision or clause 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 effect
without the conflicting provision, and b this end the provisions of the Mortgage and the Note are declared b be severable.
1 & Borrower's Copy. Borrower shall be furnished a conformed Dopy of the Note and of this Mortgage at the time of execution or after
recordation hereof.
17. Transfer of the Property; Assumption. If all or any part of the Property or an interest therein is sold or transferred by Borrower
without Lender's prior written consent, excluding (a) the creation of a lien or encumbrance subordinate b this Mortgage, (b) the creation of a
purchase money security interest for household appliances, (c) a transfer by devise, descent or by operation of law upon the death of a joint
tenant or (d) the grant of any leasehold interest of three years or less not containing an option b purchase, Lender may, at Lender's option,
declare all the soma secured by this Mortgage b be immediately due and payable. Lender shall have waived such option b accelerate if, prior
b the sale or transfer, Lender and the person b whom the Property is b be sold or transferred reach agreement in writing that the credit of such
person is satisfactory b Lender and that the interest payable on the soma secured by this Mortgage shall be at such rate as Lender shalt
request. If Lender has waived the option b accelerate provided in this paragraph 17, and if Borrower's successor in interest has executed a
written assumption agreement accepted in writing by Lender, Lender shall release Borrowerliom all obligations under this Mortgage and the
Note.
If Lender exercises such option b accelerate, Lender shall mail Borrower notice of acceleration in accordance with paragraph 14 hereof:
Such notice shall provide a period of eat leas than 30 days from the date the notice is mailed within which Borrower may pay the soma declared
~ due. If Borrower fails b pay such soma prior b the expiration of such period, Lender may, without further notice or demand on Borrower,
invoke any remedies permitted by paragraoh 18 hereof.
18. Acceleration; Remedies. Ezcept as provided in paragraph 17 hereof, upon Borrower's breach of any covenant or
agreement of Borrower in this Mortgage, including the covenants to pay when due any some secured by ttus Mortgage, Lender
o prior to acceleration shall mail notice to Borrower ae provided in paragraph 14 hereof specifying: (1) the breach; (2) the action
? required to cure such breach; (3) a date, not less than 30 days firom the date the notice is mailed to Borrower, by which such
breach must be cured; and (4) that failure to cure such breach on or before the date specified in the notice may resell in
aooeleration of the soma secured by this Mortgage, foreclosure by judicial proceeding and sale of the Property. The notice shall
f further inform Borrower of the right to reinstate after acceleration and the right to assert in the foreclosure proceeding the
non-existence of a default or any other defense of Borrower to acceleration and foreclosure. If the breach is'not cured on or
before the date specified in the notice, Lender at Lender's option may declare all of the enma secured by this Mortgage to be
immediately due and payable without further demand and may foreclose this Mortgage by judicial proceeding. Lender shall be
' entitled to tolled in such proceeding all expenses of foreclosure, including, but not limited to, reasonable attorney's fees, and
coats of documentary evidence, abstracts and title reports.
19. Borrower's Right to Reinstate. NotwithstandingLender a acceleration ofthe aumssecured by thiaMortgage, Borrower shall have
the right b have any proceedings begun by Lender b enforce this Mortgage disrnntinued at any time prior b entry of a judgment enforcing
this Mortgage if: (a) Borrower pays Lender all soma which would be then due under this Mortgage, the Note and notes securing l~ture
Advances, if any, had no acceleration occurred; (b) Borrower cures all beaches of any other eovenanta or agreements of Borrower contained in
this Mortgage; (c) Borrower pays all reasonable expenses incurred by Lender in enforcing the rnvenants and agreements of Borrower
contained in this Mortgage and in enforcing Lender e remedies as provided in paragraph 18 hereof, including, but not limited b, reasonable
attorney's fees; and (d) Borrower takes such action as Lender may reasonably require b assure that the lien of this Mortgage, Lender's interest
in the Property and Borrower a obligation b pay the soma secured by this Mortgage shall continue unimpaired. Upon snch payment and care
by Borrower, this Mortgage and the obligations secured hereby shall remain in full force and effect as if no acceleration had occurred.
20. Assignment of Rents; Appointment of Receiver. Aa additional security hereunder, Borrower hereby assigns b Lender the rents
of the Property, provided that Borrower shall, prior b acceleration under paragraph 18 hereof or abandonment of the Property, have the right
b tolled and retain such rents as they become due and payable.
Upon acceleration under paragraph 18 hereof or abandonment of the Property, Lender shall be entitled b have a receiver appointed by a
court beater-upon, take possession of and manage the Property and b rnlled the rents of the Property, including those past due. All rents
collected by the receiver shall be applied first b payment of the costa of management of the Property and collection of Ants, including, but not
limited b, receiver's fees, premiums on receiver's bonds and reasonable atbrney's fees, and then b the sums secured by this Mortgage. The
receiver shall be liable b account only for those rents actually received.
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s~cR 6 sac:1161