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8. Lupsctlon. Lender may make or esuse to be made reuoaable ~trie~ upoa aad ioipection~ of the pmperty. provided that Lendaar ahal!
~ive Borrower notios pria to any wch inspection specifyin6 reasonable causo therefor related to Lender's intenst in We Prope:b?.
9. Condemu~don.'IUe prooeeds of any a~vard or claim for damaga. direct or coa~iuenbv. ip connectioa wiW aqy ooademaatioA or
other talrin~ of We prope:ty. ~ P~rt tt?ereof. or for oonveyanos iu lien of coademnatioA. ere haeby api~ned and shall be paid to L~der.
Ia the eveat of s ~otal takin~ oi the Property, We prooeeda shall bs epplied to the swns ~ecured by thii Mo~a~e. with the ezoea. if ~a,y.
paid to Borrowrer. In the event of a putial takin8 of tbe Property. nnlen Borrower end Lender otherwi~s ~gree in writiuu~. thers ~haU be
applied to tbe sums ~ecured by thi~ Mort~ase snch propo~tion of We prooeed~ as u equal b that proportion which the amonnt of the snou
secvred b5? thi~ Mort~age immediately prior to We date of tainn8 bean to the fair markd value oithe Propedy immediate~y prior to tbe dat+e ot
ta~ing. with We balanoa of the prooeeds Paid to Bore+nwer.
II the Property iu abendoned by Borro~vaz. or i~ aRer notioe by Lend~ to Borro~re~r that the oondemnor oHen to ma1~e an ~ward or ~etttie a
claim for damagee. Borrower feuls to respond to Lender arithin 30 days attes the date auch notice i~ mailed, Lender is anthorised to oollect and
apply We prooeed~. at Lender's option. ~th~ to redoration or repair of ths prope~rty o~ to We ~ums ~ecured by this MattB+~Ba
Unlea Lendar and Borrow~ othenvise eares in writinB. sAY ~uch epplication of prooeeds to principiJ ~haU nuteztend o~ po~tpone the due
date of the monWl,y in~tallmeata referred Lo in paragnph~ 1 and 2 hereof or cLaa~e the amouat oi sncb inatallmeab.
10. Bosrower Not Relea~ed. E:tension of We time for paymant ~ modification oi amortization of the sume eecured by thia Mort~age
granted by I.wder b any suoceesor in iat~st of Borrower shall not operate Lo rel~e. in eny mannrr. the liability of We oriQinal Borro~vsr
and Bo:rower's sna~essoro in intere~t I.ender ahall not be reqnired to oommenoe prooeedin6a a6ainat such suoceesor or refwe to e~ctend time
for payment or othe~wiee modify amortisation of the sums secured bY this 11~ortBaBe by nason of any demand made by the original Borrower
and Borrower's succeeeors in iateres~ '
11. Forbearanoe by I.eader Not a Walver. Any forbearanoe bY~Leade~ in ~z~nasin~ anY ri8h~ ~~~Y bg~dar. ~ att~~v~e
afforded by sppl~cable law. ahall not be a waiver of or preclnde the e~cercise of any such right or remedy. The procurement of insuranoe or the
payment of Lazes ar othez liens or char8es by I,ender ahall not be a waiv~ of Lender'a right to aooelerate the mabarity of the indebtedne~s
se~wred by Wis Mortgag~.
12 Remedies Cumnladve. All remediea provided in this Mortgage are diatinct and cumnlative to any other right or nmedy under thii _
Mortgage or afforded bq law or aq~ity. and may be ~erciee~l ooncuaently, independmdy or suooeaaivdy.
13. 3w~eesor. and Asei~ns Bound; Joint and Several I.iability; Capdotu.'ILe oovenante and agreem«its herein oontained shall
bind. and the rights hereunder ahall inure to, the reapective ~sna~esaors and assigne of Lender and Bormwer, subject to the provisions of
paragraph 17 hereot All oovenants and agreemenL of Bosrower shali be joint and asveral. The captions and headings of the paragrapha of
thie Mortgage are for covsnience only and are not to be wed to interpret or de5ne the provisions hereof.
14. Notice. Except for any notice required under spplicable law b be given in another manner, (a) any notice to Borrowez provided for in
thia Mortgage shall be given by msiling aach notice by certi5ed mail addressed to Borro~?er at the Property Addrees or at euch other address aa
Borrower may designate by notiae to Lender es provided henin, and (b) anY notioe t~o I~ender shall be given by artified mail. return reoeipt
requested. to I.~der'a address atated herein or to such ott?er address ae t.ender may designate by notice to Borrower as provided herein. Any
notice provided for in this Mortgage ahaU be deemed to have been given to Bon~oaer or I.ender when given in the manner designated haein.
15. Uniform Mortga~e; Goveming Law; Severability. Thia form of mortgage oombines uniforaa oovenant+e for natioaal use and non-
uniform oovenante with limited variations by juriadiction to ooastitnte a uaiform security inetrument rnvering reai pmpaty.'Itiis Mortgage
ahaU be governed by the law of the juriediction in which the Property is located. In the event that any provisioa or clause of this Mortgage or
the Note conflicts with applicable law. sach contlict ahall nat affect other proviaions of this Mortgage or the Note which can be given effect
without the oonflicting proviaion, and to this end the provisions of the Mortgage and the Note are declared to be eeverabl~
16. Borrower's Copy. Borrower shall be furniehed a oonformed aopy of the Note and of thia Mwtgage at the time of e:ecution or after
recordation hereof.
17. 'l~ransfer o! the Property; Aesumption. If all or any part of the Property or an interest therein ia eold or transferred by Borrower
without I.ender'e prior written rnneent, e~ccluding (a) the creation of a lien or encumbrance subordinaLe to thia Mortgage, (b) the creation of e
purchaee money security int~erest for househoW appliances. (c) a tranafer by deviee. desoent or by opetation of law npon the death of a joint
tenaat or (d) the grant of any leaeehold intereat of three years or lees not oontaining an option to p~uchaee. Lender m~?y. at Lender's option,
declare all the suma securEd by thia Mortgage to be immediately due and payable. Lend~ ahall have waived auch option to aocelerate J. prior
~ to the eale or tranefer, Lender and the person to whom the Property is to be eold or transferred reach egreement in writing tl~at the credit of such
~ pereon is satiafactory to Lender and that the intereat payable on the aume secured by thie Mortgage ehall be at such rate as I.ender ehall
; request. If I.ender has waived th~e option to accelerate provided in thie paragraph 17, and if Borrower
a aucceasor in interest has ezecuted a
€ writtc~n ssaumption agreement aooepted in writin8 by Lender, Lender shall releaee Borrower from all obligationa under this Mortgage aad the
~ Note.
If I.ender ezercisee such option to aooelerate. I.enda ehali mail Borrower notice of acceleration in aooordance with paragraph 1! hereoL
~ Such notice ehall provide a period of noL less than 30 daya from the dete the notice ia ~r,ailed within which Borrower may pay the aums declared
due. If Borrower fails to pay such suma prior to the ezpiration of auch period, Lender may, without fnrther notice or demand on $orrower,
~ invoke any remedies permitted by paragrauh 18 hereof.
~ 18. Aoceleratjon; Remediea Ezcept as provided in paragraph 17 hereof, upon Borrower's breacb ot any oovenant or
agreement of Borrower in this Mortgage, inclnding the oovenants to pay wben due any sams secured by thia Mortgage, L~nder
prior to acceleration shall majl notice to Borrower as provided in paragraph 14 hereof epecitying: (1) the breach; (2) the action
required to cure snch breacli; (3) a date, not less thsa 30 days from the date We notice is mailed to Borrower, by whic6 such
breach must be cured; and (4) that lailure to care such breach on or befare the date specified in t6e notice may result in
acceleration of the aama eecured by this Mortgage, forecloeure by judicisl proceeding and sale of W e Propertr. The notice shall
~ furt6er inform Borrower of the right b reinetate after aoceleration and t6e ri~ht to asaert in the foreclosure proceeding the
~ non-ezieteaoe of a default or any other detense of Borrower to aoceleration and foreclosure. If the breacl~ is not cured on or
be[ore the date specified in the aotice. Lender et Lender'e option may declsre all of the sume secured by thie Mortgage to be
immediately due and payable wit6out turther demand and may foreclose thia Mortga~e by judicial proceeding. Lender shall be
~ entitled to collect in auch proceediag all ezpensea of foreclosure. including, but aot limited to, resaonable attorney's fees, and
costa of dorumentary evidence, abetracts end title reports.
~ 19. Borrower's Right to Reinetate. Notwithatanding Lendei s acceleration of the suma secured by this Mortgege, Borrower ehall have
the right to have any procEedings begun by Lender to enforce this Mortgage diacantinued at any time prior to entry of a judgment enforcing
thia Mortgage if: (a) Borrower paya Lender all aums which would be fhen due under thia iV[ortgage, Lhe Note and notee securing ~ture ,
~ Advancea, if any, had no acceleration occurred; (b) Borrower curee all breachea of aay other oovenanta or agreemE-nte of Borrower contained in
~ this Mortgage; (c) Borrowrr paye all reasonable e~cpeneee incurred by Lender in enforcing the covenants and sgreementa of BoTrowez
oontained in this Mortgage and in enforcing I.ender's remedies as pmvided in paragraph 18 hereof, including, but not limeted to, reasonable
~ ettorney'a fees; and Id) Borrower telcea such action as Lender may [eaeonably require to aseure that the lien of this Mortgage. Lender's interest
~ in the Property and Borrower's obligation to pay the aume secured by thia Mortgage shall continue unimpaired. Upon such payment and cnre
~ by Borrower. thia Mortgage and the obligations secvred hereby ahall remain in full force and effect sa if no acceltration hed «xurred.
Z0. Aesignment of Renta; Appointment ot Receiver. Ae additional eecurity hereunder, Borrower hereby aaeigns to Lender the renta
~ of the Property. provided that Borrower ehall, prior to aaoeleration nnder para6raph 18 hereof or abandonment of the Property. have theright
~ W collect and retain such rente aa they become due and payable.
Upon aooeleration under paragraph 18 htreof or abandonment oithe Property, Lender ehaU be entitled to have a reoeiver appointed by a
~ aonrt to enter.upon, take posseasion of and manage the Property and to collect the rente of the Property, including thoee past due. All rente
oollected by the receiver ahall be applied Cirst to payment of the aoeta of managementof the Property and rnUertion otrenls, inclnding. bnt not
limited to, reoeiver'e feee, premiume on receiver'a bonde and reaeonable attorney'e fees, and then to the aums secured by this Mortgage. The
receiver shaA be liable to acaount only for thoee rents actuelly received.
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