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8. Inspection. Lender may make or caws to be made reuoaabM m?tries upon and irupectioas of the propergr, provided that Leader shall
give Borrower notice prior to any sorb inspection spedtyiag reawnabie caws therefor related to Lender's intered in the Property.
9. Condemnation. The proceeds of any award os claim for damages. direct or consequential. in oonnedioa with any owdemnation or
other taking of the property. or part thereof. or for conveyance in lieu of oondenunation. are hereby assigned and shall bs paid to Lender.
In the event of a total taking of the Property. the proceeds shall be applied to We sums secured by this Mortgage, wild the szoas„ it say,
paid to Borrower. In the event of a partial taking of the Property. unless Borrows: and Lender otherwise agree is writing, there shall be
applied to the sums secured by this Mortgage sack peop~arlion of the proceeds w is equal to that proportion which the amount of We awns
secured by this Mortgage immediately prior to the date of takir,y bears to the fair market value of the Property immediately prior to the date of
taking, 'ih the balance of the proceeds paid to Borrower.
If Property is abandoned by Borrowes, or if, after notice by Lender to Borcowce that the ooademnor of~era to make an award or seals a
claim f damages. Borrower fails to respond to Lender within 30 days after We data each notice is mailed. Leader is authorized to Dolled and
apply the proceeds, at Lender's option, either to restoration or repair of We property or to the sums secured by this Mortgage.
Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not eztend or postpone We due
date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount o! snob installments.
10 Borrower Not Released. Extension of the time for payment or modification of amortization of the sums secured by this Mortgage
granted by Lender to any successor in interest of Borrower shall not operate to release. in any manner. the liability of the original Borrower
and Borrower's suoceseors in interest. Lender shall not. be required to commence proceedings against such successor or refuse to extend time
for payment or otherwise modify amortization of the sums secured by this Mortgage by reason of any demand made by the original Borrower
and Borrower's suoceseors in interest.
11. Forbearance by Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder. or oWerwise
afforded by applicable law. shall not be a waiver of or preclude the ezercise of any such right or remedy. The procurement of insurance or the
payment of tares err other liens or charges by Lender shall not be a waiver of Lender's right to accelerate the maturity of the indebtedness
secured by this Mortgage.
12. Remedies Cumulative. All remedies provided in this Mortgage are distiad and cumulative to any other right or remedy ender this
Mortgage or afforded by law or equity, end may be e:erciserl ooacurrently, independently or sueoeesively.
13~ Sucoeswre and Assigns Bound; Joint and Several Liability; Captions. The covenants and agreements herein contained shall
bind, and the rights hereunder shall inure to, the respective suoceesors and assigns of Lender and Borrower. subject to the provisions of
paragraph 17 hereof. All covenants and agreements of Borrower shall be joint and several. The captions and headings of the paragraphs of
this Mortgage are for covenience only and are not to be used to interpret or define the provisions hereof.
14. Notice. Except for any notice required under applicable law to be given in another manner, (a) any notice to Borrower provided for in
this Mortgage shall be given by mailing such notice by certified mail addressed to Borrower at the Property Address or at such other address se
Borrower may designate by notice to Lender as provided herein, and (b) any notice to Lender shall be given by certified mail, return receipt
requested, to Lender's address stated herein or to such other address ae Lender may.designate by notice to Borrower as provided herein. Any
notice provided for in this Mortgage shall be deemed to have been given to Borrower or Lender when given in the manner designated herein.
lfi. Uniform Mortgage; Governing Law; Severability. This form ofmortgagecombines uniform covenants for national use and non-
uniform covenants with limited variations by jurisdiction to eonatitute a uniform security instrument wvering 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 opnfliding provision, and to this end the provisions of the Mortgage and the Note are declared to be severable.
16. Barrower'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 to 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 leas not oantaining an option to purchase, Lender may, at Lender's option,
declare all the sums secures by this Mortgage to be immediately due and payable. Lender shall have waived such option to accelerate if, prior
to the sale or transfer, Lender and the person to whom the Property is to be sold or transferred teach agreement in writing that the credit of such
person is satisfactory to bender and that the interest payable on the sums ae~cured by this Mortgage shall be at such rate as Lender shall
request. If Lender has waived the option to accelerate provided in this paragraph I T, and if Borrower's successor in interest has ezecnted a
written assumption agreement accepted in writing by Lendet, Lender shall release Borrower from all obligations under this Mortgage and the
Note.
If Lender exercises such option to accelerate, Lender shall mail Borrower notice of acceleration in accordance with paragraph 14 hereof.
Such notice shall provide a period of not leas than 30 days from the date the notice is mailed within which Borrower may pay the soma declared
due. If Borrower fails to pay such soma prior to 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. Except 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 this Mortgage, Lender
prior to acceleration shall mail notice to Borrower as provided in paragraph 14 hereofepecifying: (1) the breach; (2) the action
required to cure such breach; (3) a date, not less than 30 days from the date the notice ie 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 result in
acceleration of the sums secured by this Mortgage. foreclosure by judicial proceeding and sale of the Property. The notice shall
further inform Borrower otthe right to reinstate after acceleration and the right to assert in the foreclosure proceeding the
non-existence of a delanlt 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 soma secured by this Mortgage to be
i mmediately due and payable without further demand and may foreclose this Mortgage by judicial proceeding. Lender shall be
entitled to collect iP each proceeding all ezpensee of foreclosure, including, bet not limited to, reasonable attorney's fees, aed
costs of documentary evidence, abstracts and title reports.
19. Borrower's Right to Reinstate. Notwithstanding Lender sacceleration ofthe soma secured by this Mortgage, Borrower shall have
the right to have any procxedinga begun by Lender to enforce this Mortgage diaoontinued at any time prior to 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 I~ture
AdVancea, if any, had no acceleration occurred; (b) Borrower cures all breaches of any other covenants or agreements of Borrower contained in
this Mortgage; (c) Borrower pays all reasonable expenses incurred by Lender in enforcing the covenants sad agreements of Borrower
contained in this Mortgage and in enforcing Lender's remedies eis provided in paragraph 18 hereof, including, but not limited to, reasonable
attorney's fees; and (d) Borrower takes such action as Lender may reasonably regnire to assure that the lira of this Mortgage, Lender's interest
in the Property and Borrower's obligation to pay the sums secured by this Mortgage shall continue unimpaired. Upon such payment and cure
by Borrower, this Mortgage and the obligations secured hereby shall remain in full force and effect as if no acceleration had occurred.
Z0. Assignment of Rents; Appointment of Receiver. As additions) security hereunder, Borrower hereby assigns to Lender the rents
of the Property, provided that Borrower shall, prior to acceleration .under paragraph 18 hereof or abandonment of the Property. have the right
to 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 to have a receiver appointed by a
wart to enter~upon, take possession of and manage the Property and to collect the rents of the Property, including those past due. All tents
collected by the receiver shall be applied first b payment of the costs of management of the Property and collection of rents, including, but not
limited to, receive:'a fees, premiums on receiver's bonds and reasonable attorney's fees, and then to the sums secured by this Mortgage. The
receiver shall be liable to aeoount only for those rents actually received.
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