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8. Ia~peMlon. I.ender way make or cause to be made reasonable entries upoA wd 'uupections of the properqr, pmvided that Lend~ ~hall
give Borrower aotioe prior to any such inspection ~pecifying reaaonable cause therefor related b Lender'~ iatere~t ia the Propesty. ' :
9. Condemnation.'t~e proaeda of any sward or claim for damages. direct or consequentisl. in oonaec~on wiW any oondanneaon or
other talring of the pmperty, or part thereof. or for conveyaace in lien of ooade~nnation. an hezeby aasigned and shall be paid to Lender.
In the eveat of a toW taking oi the Property, the proceeda ehall be applied to the sums eecared by ehis Mortgage, with the ezcess, if any,
paid b Bormwer. In the event of a partial taking oi the Property, nnless Borrower aad I.ende~ otherwise agree ia writing. there ahall be
applied to the sums secured by this MortQage such proportion of the prooeed~ as is equal to that proportion which the amount of the sums
aecured by this Mortgage immediately prior to the dab of tal~ing b~n to the fair markd value of the PropeKy immediatdy prior to the date of
taking. wiW the balanca of tha pmoeeds paid to Borrower.
lf the Propezty ia abandoned by Borrower. or if. aRer aotioe by Lender to Borrower that the oondemnor offere to make a~ award or settle a
claim for damaga. Borrower fails to reapond to Lender within 30 days after the date such notice is mailed. I.ender is authorised to collect and
apply the prooeeds. at Lender's option. wther to restoration or repair of the properq? or to the eums secured by this Mortgage.
Unlees Lend~ and Borrower otherwiee agzee in writiag. any such application of prooeeds b principal ahall not ~tend or postpone t~ due
date of the monthly instaUments nferred to in peragraphs 1 and 2 hereof or chaage the amouat of auch installments.
10. Borrower Not Releaeed. E:tension of the titae for paya~~nt or modification of amortization of the auma eecured by this Mortgt~ge
granted by Lender to any succeseor in iatereat of Boreower ehall not operate to release, in any manner. the liebility of the original Borrower
and Borrower s eucceeaore in intereat Lender ahall not be requie+ed to oua?menoe pmceedings against auch suoceaeor or refuee to eztead time
for payment or othervviee modify amortisatio~ of the sums secured by thie Mortgage by reason of any demand made by the original Borrower
and Borrower's succ~eesora in intereat.
l l. Forbearanoe by Lender Not a R?aiver. Any forbearance by I.ender ia ezerciaing any right or remedy hereunder. or otherwise
afforded by applicable law. shall not be a waiver of or preclude the e:ercise of any snch:igbt or remedy.The pmcnr~nent of ineurence or the
payment of t~es or other Uens or charges by I.ender shaU not be a waiver of I,ender'a right to aocelerate the maturity of the indebtednees
secared by thia Mortgage. ~
12. Remedies Cumulative. All remediea pmvided in thie Mortgage are dietinct and cumulative to any other right or remedy under this
Mortgage or afforded by law or equity, and may be e:ercieed ooncurreAdy. independently or suoceesively.
13. 3uooeaeore aad Aeslgns Bound; Joint and 3everal Liability; Captione. The oovenante and agreementa herein oontained shall
bind, and the rights hereunder ahall inure to, the reapective aucceeaors and aseigns of Lender and Borrower, aubject to the pmvieione of
paragraph 1? hereof. All covenanta and agreementa of Borrower ahall be joint and eevetal. The captions and headinga of the paragraphs of _
thia Mortgage are for oovenience only and sre not to be used to interpret or define the provisions hereof.
t4. Notice. Except for any notice required under applicable law to be given in another manner, (a) any notice to Borrower pmvided for in
thie Mortgage shall be given by mailing euch notice by certified mail addreseed to Borrower at the Property Addreas or at such other adur z.ie aa
Borrower may deeignate by notice to Lender as provided herein, and (b) any notice to I.ender ahall be given by certified mail. return receipt
requested, to I.ender'e addrees stated hez~ein ~r to euch other addrese as Lender may designate by notice to Borrower aa pmvided herein. My
notice pmvided for in thia Mortgage ahall be deemed to have been given to Borrower or Lender whea given in the manner deeignated herein.
15. Unitorm Mortgage; Governing Law; 3everability. Thie form of mortgage rnmbinee uniform oovenants for national uee and noa• '
uniform rnvenants with limited variations by juriediction to oonatitute a uniform eecurity instrument oovering real property. Thia Mortgage :
ahall be governed by the law of the juriediction in which the Property is located. In t6e event that any provision or clause of this Mortgage or ~
the Note conflicte with applicable law, such coniliM shall not afY'ect oYher proviaions of thie Mortgage or the Note which can be given effect
without the o~niticting provision, and to thie end the provisions of the Mortgage and the Note are declared to be severable.
16. Borrower'e Copy. Borrower ehall be fumiahed a conformed oopy of the Note and of thie Mortgage at the time of enecution or after
recordation hereof. ~
17. 7~anefer of the Property; Aseumption. If atl or any part of the Property or an intereat therein is eold or traneferred by Barrower
without I,ender's prior written consent, e:cluding (a) the creation of a lien or encvmbrance subordinate to thie Mortgage. (b) the creation of~a
purchaee money security interest for houaehold appliances. (c) a tranefer by devise, deecent or by operation of law upon the death of a joint
tenant or (d) the grant of any leaeehold intereet of lhree yeare or lesa not containing an option to purchaee. Leqd~r may. at Lendei s option,
~eclare all the snma eecured by this Mortgage to be immediately due and payable. Lender shall have waived euch option to aocelerate if, prior
to the sale or tranafer. Lender and the person to whom the Ptoperty ia to be enld or transfernd reach agreement in writing that the credit of auch
peraon is satiafactory to Lender and that the intereat payable on the aums secared by this Mortgage shall be at such rate as Lender ehall
request. If Lender has waived the option to accelerate ptovided in thia paragraph 17, and if Borrowei s aucceasor in interest has executed a
written aeaumption agreement accepted in writing by Lender, Lenderahall release Borrower from all obligationa under thia Mortgage and the
i Note.
~ If Lender exerciaea such option to accelerate, Lender ahall mail Borrower notice of acceleration in eccordance with paragraph 14 hereoL
E Such notice shall provide a period of not leas than 30 daya from the date the notice ia rr.ailed within which Borrower may pay the suma declared
~ due_ If Borrower fails to pay such aums prior to the expiration of such period, Lender may, without further notice or demand on E3orrow~, _
; ~nvoke any remedies permitted by paragraoh 18 hereof.
i 18. Aoceleration; Remedies. Ezcept as provided in paragraph !7 hereof, upon Borrower's breach of any oovenaat or
j agreement of Borrower in thie Mortgage, including t6e oovenante to pay when due any snme secvred by thia Mortgage, Lender
~ prior to aoceleration shall mail notice to Borrower ea pmvided in paragraph 14 hereof epecifying: (1) the breach; (2) t6e action
required to cure suc6 breach; (3) a date, not lese than 30 daye from the date the notice ie mailed to Borrower, by w6ich such
~ breac6 muat be cured; and (4) that failure to cwe such breach on or before the date epecified in the notice may result in
acceleration of the sums eecured by t6is blortgage. foreclosure by judicial proceeding and sale of the Property. The notice shaU
~ further inform Borrower of the right to reinatate attter acceleration and t6e right to aseert ia the forecloaure proceeding the
~ non-ezistence of a default or any other defenae of Borrower to acceleration and forecioaure. If the breach ie not cured on or
~ before the date apecified in the notice. Lender at Lender'8 option may declare all of the Buma secured by thie Mortgage to be
~ immediately due and payable without furtherdemand and mey foreclose t6is Mortgage by judicial proceeding. Lender ahall be
~ entitled to collect in such proceeding all e:penaee of foreclosure, including, but not limited to, reasonable attorney's feea, and
~ coete of docvmentsry evidence, abetracte and title reports. .
~ 19. Borrower'e Right to Reinetate. Notwithetanding I.ender's acceleration of the suma eecured by this Morlgage, Borrower shall have
~ the tight to have any proceedinge begun by Lender to enforce thia Mortgage discontinued at any time prior to entry of a judgment enforring
~ thia Mortgage if: (a) Borrower pays Lendtr all auma which would be then due under this Mortgage, the Note and notes securing Future
4 Advencea, if any, had no acceleration occurred; (b) Borrower cures all breaches of any other covenante or agreemente of Borrower contained in
~ thie Mortgage; (c) Borrower paya all reasonable expenaes incurred by Lender in enforcing the oovenants and agreemente of Borrower
~ contained in thi8 Mortgage and in enforcing Lender e remedies as provided in paragraph 18 hereof, including, but not limited to, reaaonable
attomey B feee; and (d) Borrower takee each action as Lender may reasonably require to assure that the lien of thie Mortgage, Lender's intereet
~ g p y rtg g p po p yment and cure
~ in the Property and Borrower's obli ation to e the suma eecured by thie Mo a e ahall rnntinue unim aired. U n auch a
~ by Borrower, this Mortgage and the obligationa secured hereby ahal! remain in full force and effect as if no acceleration had occurred.
Z0. Aasignment of Renta; Appointment of Neceiver. Ae additional eecarity hereunder, Borrower hereby asaigna to I.ender the rente
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~ of the Property, pmvided that Borrower ahall, prior to aoceleration under paragraph 18 hereof or abandonment of the Property. have the right
= to rnllect and retain euch rents ae they become due and payable.
i Upon acceleration under paraQraph 18 hereof or abandonment of the Property, I.ender shall be entitled to have e receiver appointed by a
~ oourt to enterapon, take poaeeesion of and manage the Property and to rnllect the renta of the Property, including thoee paet due. All rente
~ oollected by the receiver ahall be applied first to payment of the ooeta of management of the Property and rnllection of rents, including, but not
~ limited to, receiver'e feee, premiuma on receiver's bond8 and reasonable attorney'e feee, and then to the eums eecured by this Mort{[age. The
~ receiver sh8ll be liable to aooount only for thoee renta ectually received.
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