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8. In~pection. I.ender m~y mal~e or cause to bs made rea~o~ble eatrie~ npon and insp~ction~ of the P~P~tI'. Provided tlut Lende~ s6all
~ivs Borrower uotios prior b eny ~nch iaspection speci~yin~ nawiuble caws therefo: releted to Lsnd~'s inten~t ia the Propsity.
9. Condemnatioa. The peooesd~ of aay award or ctaim for dams~er. direct or oon~equeAtial. ia connection with
aW? oondemnation ~
other ta~ ~ the D~P~~3?. oe part thereot. or for oonveyance in lien of condeo~naaon. sre hembr e.si~ed aad shall bs paid b Leader.
In the ev~t of a total takin~ of the ProPerty. the piocesds ~hell be applied to the ~ums ~scured bY thi~ Moct~a~e. with Ws eioeN. if aRY.
paid to Borrower. In the event of a pa~l takin~ oi the ProPeeb?. nnlas Borrower and Lender otherai~e a~ree in writini. thers ~hall be
applied to t6e wnu ~scured by lhis MortQa~e snch proportion cf the proosed~ as ia eqnel to thet proportion wtrich the amount of the sum~
aecured by thi~ Mortge~e immediably p~rior b tbe date af Wun~ bean to the fair market value of the Property immediately prior b We date of
tatinS. with the balanoe of t6e prooescb paid to Borror?~r.
If the Properqr is abandoned by Borrower. or i~ a!!er notiae by I.endes to Borrower t6at the ao~ndemnor o~en to mal~s an a~rard or ~sttk e
claun for damage~, Borro~rer fails to re~pond to I.ender within 30 day~ atter the date snch notioe is mailed, I.ender is aathorised b oollect aad
aPP~Y ~e p~eeds. at Lende~~ optiw~, eithe: to restontion or repair of We property or to the ~nm~ ~ecared by tbis Mort~+~ge.
Onlea I.ender aad Boaower otherwi~e aQiee in writia8. aW?snch spplication of proceed~ to priacipal ~httll not eztend or postpone the due
date of the moneWy installmepts referred b in parearapba 1 and 2 hez~eof or chaags the amonnt of such iastallmenb.
10. Borrower Not Retea~ed. ~tenaion of the time for paymsnt ~ modification of amortisation of the aums secured by thia Mo~rtgage
granted by L~de~ b aqy euoce~wr in intenst of Borr~vez s6s11 ~t operate to releaee. in aay manner. the liahiliqr of the ori~inal Borrower
and Borrower's suooessors in interaat. Lender shall not be e+equired to oommence praoeedings sgainst auch snoceasor or refi~se to e~ead time
for p~yment or oth~rwise modify amortizaUon of the aums se~ured by thia Mortgage by reaeon of any deanand made by the original Boirower
and Borrower'a sucoeesors m wterest,
11. Forbearanos by I,ender Not a Weiver. Any forbee~ranos by I.ender in eacerciaing any r;ght or nmedy benunder~ ~ othe~,ise
afforded by applicable lawr. shell not be a waiver of or preclude the ezeir~i~e.of any such right os remedy. The procurement
of ineuranoe or the'
paymeat of taze~ or oW~r liens or charges by Leader shall not ba a~raivdt o~ ~def+~ right to aooelesate the matnrity of the indebtedneq
secured bY thia Mortgeg~
12 Remedie~ Cumnletive. All eemedies provided in this Maartgage are distinct aad cumulative to aqy oWer right or nmedy nnd~ this
Mort8a8e o~ affoaded by law or e4ait~?. and mepr be esercisal ooncureently. independendy or suocessively.
13. 8acoesson and Aasi~ns Bound: Joint snd Seversl Liabilitp: CaPNona. The oovenantei and egreementa herein oontained shell
bind, and the rights hereunder ahall inure to, the respective sncoesaon end aasigns of Laflder and Borrower, snbject to the provisions of
paragraph 1? hereoL All oovenants and agreements of Borrower shall bs joint and several. The captions and h
eadinga of tbe paragraphs of
this Mortgage are f~ covenie~oe only and are not to be used to iaterpret or de5ne the provisione hereof.
14. Notice. Except for any notice required under applicable law to be giv~ in snother manner~ (a) any notice to Borrower provided forin
thie Mortgage shall be given by mailiug anch notice by certified mail addreesed to Borm~ver at the Property Addnea or aL anch other address ea ~
Borrower may desigoate by notioe to Lender as provided herein. and (b) anr aotice to Lender shall be Riven b~ oertified mail, retnrn r~~
requeseed, to l,ender'e addrees stated herein or to anch other addnss as I.ender may deaignate by notice b Borrower as provided herein. Any
notice provided for in this Mortgage shall be deemed b have been given to Borrower or Lender when given in the manaer dedgnated bereia.
15. Unitorm Mortgage; Governin~ IBw; Severability.'1T~is form of mottgage oombines uniform aoveaants for national ~se and non-
unifornn covenants with limited variations bY 3uriedicfion to oonetitute a w~ifornu security inetrument oovering real property.'lLie Mortgage
shall be governed by the law of the jnrisdictioa in which the Property ie located. In the event that any proviaioa or clause of thie Mortgage ot
the Note contlicts with applicable lew, auch conflict shell nd aff'ect other pmvisions of thie Mortgage or the Note which can be given et~ect
without the oontlicting provision, and to thie end the proviaions of the Mortgage and the Note are declered to be aeverable.
16. Borrower's Copy. 8orrower ahall be furniahed a oonformed oopy of the Note aad of thie Mortgage at the time of ~ecution or after
reoordation hereof.
17. 7~ransfer of the Pr'oPertY: AssumpNon. If all or any part of the Property oT an interest therein is sold or traneferred by Borrower
without Leader'a prior written oonaent, acluding (a) the creation of a Gen or encumbranae aubordinate to this Mortgage, (b) the creation of a
purchase money eecnrity intereat for houeehold applianoea, (c) a tranafer by devise. deaoent or by operation of law upon the death of a joint
tenant or (d) the ~rant of any leasehold interest of three years or less not aontaining an option to purchaee. I.ender may. at I~nde~a option,
declare all the euma eecne+ed by thia Mortgage to be immediately due and payable. I,ender ahall have waived euch option to aooelerate if. prior
I to the eale or tranefer. I,ender and the pereon b whom the Property ie to be eold or tranaferred reach agrcernent in writing that the credit of snch
~ person ia aatiafactory to I.ender and that the interest payable on the aums secured by this Mortgage shall be at such rate aa Lender ehall
! request. If Lender has waived the option to accelerate provided in thie paragraph 17. and if Borrower'e successor in interest hes ~ecvted a
j written aseumption agreement aocepted in writing by Lender, Lender shall releaee Borrower from ell obligatione under thia Mortgage and the
( Note. .
~ If I.ender exercisee such option to aeoel~ate, I.ender ehall mail Borrower notice of acceleration in acoordance with peragraph 14 hereoL
Snch notice shell provide a period of not leaa than 30 daya ~om the date the notice ie rzailed within which Borrower may pay the aums declared
due. If Borrower faila to pay euch eama prior to the ezpiration of auch period, Lender msy, without further notice or demand on ~iorrower~
invoke any remedies permitted by paragrauh 18 hereof. .
~ 18. Acceleratlon; Remediea. Ezcept as provided in peragraph l~ hereof. npon Borrower's breach of any oovenant or
agreement of Borrower in this 1Kortgage. includtng t6e oovenants to pay w6en dne any eume secared b}r thie Mortgage, Lender
~ prior to aooeleration ahall mail notice to Borrower as provided in paragraph 14 hereof epecifying; (1) the breach; (2) t6e action 1
re9nired to cure such breach; (3) a date, aot less tban 30 daye trom the date the notice is mailed to Borrower, by which euch
breach must be cured; and (4) that failure to cure euch breach on or before the date specified in the notice may result in #
~ acceleration of the eums secured by thie Mortgage, toreclosure by judicial proceeding and sale of the Property. The notice ehall
~ further inform Borrower of the right to reinetate afler aoceleration snd the right to aeaert in the foreclosure proceeding the
non-ezisteace of a default or any ot6er defenae oi Borrower to soceleration and forecloeure. I[ the breach ie not cured on or
before the date specified ia tbe aotice. Lender at I.ender's option may declare'aU otthe snme eecured by thie Mortgage to be
~ immediately due and payable withont further demand and may toreclose thie Mortgage by judicial praceeding. Lender ahsl! be
~ entitled to ooliect ia such proceeding all e:peneea of toreclosure. including, bnt not limited to, reasonable attorney'e feea, and
coete of documentary evidence, abatracte and title reporta.
19. Borrower's Right to Reinetate. Notwithatanding Lender'e aoceleretion of the sume secured by this Mortgage, Borrower ahall have
r the right to have any pmceedinga begun by Lender to enforae thia Mortgage disoontinued at sny time prior to entry of a judgment enforcing
~ thie Mortgage if: (a) Borrower paye Lender all snma which would be then due under thia Mortgage, the Note and notes eecuring Future
~ Advances, if any, had no acceleration occurred; (b) Bormvver curee all breaches of any other covenanta or agreementa of Borrower contained in
~ thia Mortgage; (c) Borrower paya all reaeonable expensee incurred by Lender in enforcing the oovenanta and agr~emente of Borrower
~ oontained in thie Mortgage and in enforcing Lender's recnediea as provided in paragraph 18 hereof, inclading, but not limited to, reasoneble
~ attomey'e fees; and (d) BurroNr~ such actiori ee Lender may reseonahly require to aesure that the lien of thie Mortgage. Lender's interest
in the Property and Bormwer's obligation to pay the aums eecured by thie Mortgage ahall oontinue unimpaired. Upon euch payment and cnre 'i
~ by Borrower, thia Mortgage and the obligations eecured hereby ehall remain in full fotoe and effect ae if no aoceleratioa had occurred.
~ 20. Assignment ot Renta; Appointment of Receiver. As additional security hereunder, Borrower hereby aaeigna to I,ender the rents
~ of We Property, pmvided that Borrower ahall, prior to soceleration under paragraph 18 hereof ot abandonment of the Pro
perty, have the right
to collect and retain euch renta aa they become due and payable.
~ Upon aooeleration under paragraph 18 hereof or abandonment of the Property, L,ender eha11 be entided to have a reoeiver appointed by a
~ aonrt to enter.opon, tal~e poseeaaion af and manage the Property and to oollect the renta of the Property, including thoee pest due. All reate
~ collected by the receiver shall be applied Sret to payment of the ooeta of management of the Property and oollection of rente, including, but not
~ limited to, receiver's fees, premiuma on receiver's bonds and reasonable attomey'e feee, and then to the sums seevred by thie Mortgage.'I~e
reoeiver shall be liable to aooount only for thoee renta actuelly received.
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~ ~'~~~t 311 r ~~1719
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