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8. Inspection. l.ender may make or cause to be mede reasonabla eotries upon and inspcctione of the property, provided that l.ender ehall
give Eiorrower notice priur b eny such inspection specifying reaaonable cause lherefor related to l.cnder'e interest in the Property.
9. Condetnnndon. 71~e pr«~eede of any awerd or claim for damagee, dinct or canseque~tial, in connection with any condemnation or
other le~king oI the property. or part thereof, or fot rnnveyance in lieu ot co~demnation, ere he~eby aeeigned and nhall be paid tc? [~ender.
ln the event of s total taking ot the Property, the ptviceeds shall be epplied ta the aumo eecured by thie Mort~tage, with the e:ceee, it any,
paid to. Borrower. In the event of a pertial taking o[ the Property, uniess Borrower and I.ender otherwiee agree in writing, there ehall be
npplied to the sums aecured by this Mortgage euch propattion of the proceede ae is equa! b that pruportion which the amount of the eums
secured by thie Mortgage immediately priur to the date ot taking beare b the [air market velue of the f'roperty immediately prior to the date of
takin~, with the balance o! the pruceeds paid to Bormwer.
Itthe Property ie abandoned by Borrov~er, or if, afler notice by I.ender to Rorrower that the condemnor offere to mske an award or eettle a
claim for damages, Borrower fails to reepond to t.ender within 30 daye efter the date euch notice ie mailed, I,ender ie authorieed to collect and
epply the proceeds, al Lender'a option, either to restoration o~ repair ot the property or to the eume arcured by thia Mortgage.
Unleae l.endet and Borrower otherwiee agree in wrih:ng, any such application of proceeda to principal shall not extend or postpone the due
date ot the monthly inetallmente re[erred to in paragraphs 1 and 2 hereof or change the amount of euch installmenti+.
10. Borrower Not Releaeed. F.xlension of the time for paymant or modification of amortization of the eums secured by this Mortgage
Kranted by l.ender to any eucceeeor in intereat of f3~rrower ahall not operate to release, in any manner, the liability of the original BoTrower
and i3orrower a eutt~essors in interee/. l.ender ehall not be required to commence proc~eeclinge ngainat such eucceasor or refune to extend time .
fur payment or otherwixe modify amortizatiun of the aums aecured by thie MortR.~Re by reaxnn of nny demand made by the oriKinal Borrower
nnd Ei~rruwer's succeaeors in interest.
11. Rorbearance by I.ender Not a R'aiver. Any fbrbearance by I.ender ~n exercising any right or remedy hereunder, or othervriee
afforded by applicable law, shaU not be a vraiver of or preclude the exemise of eny euch right or remedy. The procurement of insurance or the
payment of taxee or other liens or chargee by Lender ehall not be a waiver of [.ender'e right to accelerate the maturity of the indebtednese
secured by thie Mortgage. .
12. Remediee Cumulative. All mmedien pmvided in thia Mortgaqe are dietinct and cumulative to any other right or remedy under thia
~lortgage or atlForded by law or equity, and may be exemiee~i concurrenUy, independently or auccessively.
13. Succeaeore and Aseigna Bound; Joint and Severel Liability; Captione. The covenants and agreemente herein contAined ehall
hind, and the righta hereunder shall inure to, the reepective aucreaeors and assigne of Lender and Fiorrowe~, subject to the proviaiona of
paragraph l7 hereof. Ali covenanta and aqreements of Borrower ahaU be joint and aeveral. The captions and headinQe of the paragrapha of
this Mottgage are fot co~•enience only and ere nat to be used to interprnt or define the provisions hereof.
14. Notice. F.xrnpt for uny noticr required under ~ppiicabie law to be ECiven in another manner, fa) any notice to Rorrower provided for in
this Mort{~age shall be given by mailinR such notice by cerlified mail addreaeed to Borrower nt the Pruperty Ad.iress or at such other addreae aA
F~rroWer may deaignate by notice to I~ender ae provided herein, and Ib) any notice to [,ender ahall be given by certifiecl mail, return rereipt
mquested, to I.ender's address stateci herein or to auch other eddreae as [.ender mxy deeignate by notice to E3onower as provided herein. Any
notice provided for in this 14tortguge ahall t?c deemed to have heen given to Rormwer or I.ender when given in the manner designated herein.
lb. l~'niform Mottgage: Governing i.aw; Sevetability. Thie form of mortgagecombines uniform rnvenanta fornational useand non-
uniform covenanta w~th limited variationg by juriediclion to conetitute e uniform security inxtrument cove: in~ real property. ThiB Mortgage
shall be governed by the law of the juriadiction in which tne I'roperty ia lucated. (n the event that any provision or clause of this Mortgage or
the Note conflicts with applicable law, such con0ict shall not aftect other proviaionx of thia MnrtapRe ur the Note which can be Ri~en effert
w•ithout the rnntlictinR pmvisiun, and to this end the procisinna of the MortgaKe and the Note are declared t~~ hP 3PYPiAhIP.
16. Borrower'e Copy. Borrovrer shall be furniehed e conformed rnpy of the Note and nf this t~tortKaRe at the time of execution nr aftpr
rEV~ordation hereof.
17. 'I~ansfer ot the Property; Ageumption. If all ur any part of the I'rnperty or an interest :herein is sold or tranaferred by Ronower
K-ithout I.ender's prior vrritten conaent, excluding (a) the crnateon of a lien or emvmbrpnce suM~rdinate to this ;~tort~aKe, Ibl the creation of a
' pumhase mone~• eecurity interest for household appliances, lt) e tranafer by devixe, dzscent or by operation of law upon the death of a joint
tenant or (d) the grant of any leasehold internat of three yeara or leas nut c~,ntaining an option to purchase, Lender may, at l.endei s option,
declare all the sums secureA b} thie Mortga~e to be immediately due and payable. [.ender ehall have waived auch option tn accelerate if, prior
' to the sale or tranefer, I.ender and the person to whom the I'roperty ie to be sold or traneferred reach aRreement in writing that the credit o!such
~ person is satisfacton• to I.ender and that the interrAt pa~able on the sums securcd by thia Nort~aQe shail 4~e at such rate ~s I.ender shall
' rtquest_ If I.ender ha.s w•ai~•vd the option to accelernte provided in thie paraQraph l7, and if RorrowPr's succescor in ~nterest has exeruted a
i w-ritten axsumpti~n aRreement accepted in writinQ b~ I.ender, l.ender ehall release Rorrower fmm all r.bliKati~~ns under this \dnrtQaQe and ihe
' \ ote_
~ If I.ender exercises such option to accelerate. I.ender shnll mai) Rormwer noticeof acceleration in accordance with paraQraph t4 hereof.
~ur.h notice shall pro~•ide ~ periud of not lc~s thnn ~ip dnys frum the date the notice ix mailed within which Borrower may p~y the ~ums declared
; due. [f BorrowPr fails ta pa~ such sums prior to the e~piration of such periud, (.ender may. x ithout further noti~e ~r ~~Pmand on F~rrower.
F invoke t?m remedie~ perr..itted M• p~raQraoh 1K hercr~C ~
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18. Acceleration; ~temedies. E:cept as provided in paragraph 17 hereof, upon Borrower's breach of any covenant or
~ a~reement of Borrower in this Mortgage. including the covenants to pay when due any sums secured by thiA 1lortgaqe. Lender
~ prior to acceleration shall mail notice to Borwwer ae provided in paraqraph 14 hereof specifying: (11 the breach;121 the action
~ r~quired to cure such breach; (3) a date. not less than 30 days from the date the notice ia mailed w Aorrower, by which such
~ hreach must be cured: and (41 that tailure to cure auch breach on or betore the dste speci£ed in the notice may reeult in
~ erceleration of the sums secured by this Mortgage. toreclosure by jadicial proceediag and saie of the Propertv. The notice ahall
further inform Borrow•er of the right to reinstate atier acceleration and the right to asarrt in the forectosure proceeding the
~ non-ezistence ot a default or any other detense ot Borrower to acceleration and forecloaure. If the breach ia not cured on or
~ t?~fore the date specified in the notice, Lender at Lender's option may declare all of the sums secvred b~ this Nortgage to be
immediatel} due and pa~•eble without furtherdemand and may toreclose this :Nortgage by judicial proceedinq. Lender shall be
~•ntitled W collect in euch proceeding all e:pensex of forecloaure. including, but not limited to, rrasonabie att~~rne~'s fees, and
~ rosts of documentan• evidence. abstracts and title reports.
~ 19. Elorrow•er'e Right to Reinstate. tiotwithetandinQ (.endei s acceleration of thesuma secured by this !NoRgaKe. &>rrower sha!! havr
~ the riRht to have an~ pnx~eedinga begun by I.ender to enforce this Mort~aQe discontinued at any time prior to entr~• ~~f a judKment enfaninK
£
this M~rtgagr ?f: ia~ Born,Ker pa~s I~ender all auma which v~c~uld be then due under thi~ ;1lortgaRe, the tiote and rn~tes se~vnnK F'uture
` Advances.ifany.hadnuacerleratiun~xrurred;lb)I3orrowercuresallbreachesofanyotherrn~enantsorf~reementsofE3orrow•ercont.iinedin
~ thia Mortgage; Ic? E3~rrower pays aU reasonable expenxc~ incurred by l~ender in enforcink the covenantx .ind agreements uf E3orrower
~ c~ntained in thie MortgaKr and in enfr~rcing I.ender e remediee as pro~~idecl in par~graph 1K hereof, ineluding, but not limited to. reasc~nablR
~ attorney'a tees; and td~ f3orrvwer trikes such Action ae I.ender mey reuaonably require toaxe~urethat the lien of this 11ortKaKe, (~ender's intereeit
~ in the Yroperty and E3orrower's ubligstiun t~~ pay the eume secvrecl by thie ;11ortKaKe +hall cuntinue unimpxired. ('pon such payment and cure
: i~y Kurruwer. this Murtgage and thr obliqati~~ne xEr~urrd herrbY shai) remain in full fc~mr ar?d rffect a~ if n~ .?crelerahvn had ~~ecurred.
~ C1. Asai6nment of Kente; Appointmenl of Receiver. Ae additiun,tl ~'urih hercunder, Eiurrower hrreby asaiKns u~ i.rnder the rents
uf the Yruperty, providcd that F3vrrower shall, prior to acceleration under pdraqraph 1 K hrr~~f ur abandonmrnt uf the Property, have the riKht
to cullec,K and retain such rentt+ ae tt~ry t~ecume due and payablr.
~ Upvn Sccelerat~un under paragraph IiS hera~f or abandunment of the F'ruperty, t.rnder hh.~ll tx~ rnt?tled to havr a rrcei~•er appu~ntrd hy a
{r poageaition of and manage Ihe ('ruperty and tu rullect the rrnts uf the lY~~perh•, ~nrluding thue~e payt due. :V) rrn~y
~ wurt t~i entrr.~ ~n. tukr
oollected by the receiver ahall br eppl~ed firet w payment ot the n~ate of managemrnt of thr 1'roprrty.~nd cullect~c~n of renta, including, but nut
lim~ted w, rec:e~ver'a feet+. prrm~um~ un rece~vrr'x bondr: and rradun.~ble ~uurney's fere?, and thrn to the ~umr, ~~tiurrd by th?e~ Murtgage.'Chr
r~xeiver ahall tx• Gablr w acc;uunt unly fur thusr rent8 a~•lually recr~vrd
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