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8. Inspeetloa. Leader may make or cause to be made reasonable aatries tpon and ia'pectioru of the propesty, provided that Leader shall
give Borrower notice prior to any such irupcdion specifying reasonable cause therefor related to Leader's iatered is the Property.
9. tondemnatioa. The proceeds of any award os claim for damages. direct or oonsegnential. in connection wiW any oondemaation os
other taking of the propsrgr, or part thereof. or for conveyance in lieu of oondemrution, are hereby assigned and shall be paid to Lender.
Ia the event of s total taking of the Property. the proceeds shall be applied to the sums secured by this Mortgage. with the ezoess. if any.
paid to Borrower. Ia the event ~ a partial taking of the Property. unless Borrower and Leader othe:wrise agree is writing. there shall be
applied to the sums secured by this Mortgage such proportion of the proceeds as is equal to that proportion which the amount of the sums
secured by this Mortgage immediately prior to the date of taking bean to the fair market value of the Property immediately prior to We date of
taking. with the balance of the proceeds paid to Borrowa~r.
If We Property is abandoned by Borrower. or if. attar notice by Lender to Borrower that the condemnor offers to make as award or settle a
claim for damages, Borrower fail to respond to Lender within 30 days after the date such notice is mailed. Lender is auWorised to colect and
apply the proceeds. at Lender's option, either tD restoration or repair of the property a to the sums secured by this Mortgage.
Unless Lendw and Borrows otherwise agree in writing. say such application of proceeds to principal shaA not extend or postpone the due
date of the monthly installments referred b is paragraphs 1 sad 2 hereof or change the amount of such installments.
10. Borrower Not Released. Eztension of the time for payment or modification of amortisation of the sums secured by this Mortgage
granted by Lender to any successor in interest of Borrower shall ^~+t operate to please, in any manner, the liability of the original Borrower
and Borrower's sncceeson in interest. Lender shall not be required to commence proceedings against such aucceasor or refuse b 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 succee~son in interest.
11. Forbearance by Lender Not a Waiver. Any forbearance by Lender in ezercising any right or remedy hereunder, or otherwise
afforded by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy. The procurement of insurance or the
payment of fazes or 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 distinct and cumulative to any other right or remedy under this
Mortcage ar afforded by law or equity. and may be exercise+l concurrently. independently or auocesaively.
13. Suooeseors and Assigns Sound; Joint and Several Liability; Captions. The rnvenanta and agreements herein contained shall
bind, and the rights hereunder shall inure to, the respective snoceeeon and asaigas of Lender and Borrower, subject to We provisions of
paragraph 17 hereof. AU 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 forin
this Mortgage shall be given by mailing such notice by certified mail addressed to Borrower at the Property Address or at such other address as
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 bender's addr+eas stated herein or to anch other address as 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.
15. Uniform Mortgage; Governing Law; 3everability. This form of mortgage combines uniform covenants for national use and non-
uniform rnvenants with limited variations by jurisdiction to constitute a uniform securtty instrument :overing real property. This Mortgage
shall begoverned-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 conflicting provision, and to this end the ?rovisions of We Mortgage and the Note are declared to be severable.
16. Borrower'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 less not containing an option to purchase, Lender may, at Lender's option,
declare all the sums secured 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 reach agreement in writing that the credit of such
person is satisfactory to Lender and that the interest payable on the sums secured by this Mortgage shall be at such rate as Lender shall
request. If Lender has waived the option to accelerate provided in this paragraph 1T, and if Borrower's successor in inter~eat has ezecut~ed a
written assumption agreement accepted in writing by Lender, Lender shall release Borrower from all obligations under this Mortgage and the
~ Note.
~ If Lender a:erciaea such option to accelerate, Lender shall mail Borrower notice of aeoeleration in accordance with paragraph 14 hereoL
Such notice shall provide a period of not less than 30 days from the date the notice is mailed within which Borrower may pay the sums declared
{ due. If Borrower fails to pay such sums prior to the expiration of such period. Lender may, without further notice or demand on Borrower.
invoke any remedies permitted by paragrauh 18 hereof.
18. Acceleration; Remedies. Szcept as provided in paragraph 1? hereof, upon Borrower's breach of any covenant or
agreement of Borrower in this Mortgage, including the covenants to pay when due any sums secured by this Mortgage, Lender
prior to acceleration shall mail notice to Borrower as provided in paragraph 14 hereof specit~ing•. (1) the breach; (2) the action
required to care such breach; (3) s date, not lane than 30 days from the date the notice is mailed to Borrower, by which such
breach moat be tared; 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 of the right to reinstate after acceleration and the right to assert in the foreclosure proceeding the
non-ezistence of a default 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
immediately due sad pa~!able without further demand and may foreclose this Mortgage by judicial proceeding. Lender shall be
entitled to collect in su b pr'ooeeding all expenses of foreclosure, including, but not limited to, reasonable attorney's fees, and
costa of documentary ~vidence, abstracts and title reports.
19. Borrower's ght to Reinstate. Notwithstanding Lendefs acceleration ofthe sums secured by this Mortgage, Borrower shall have
the right to have any~roceedings begun by Lender to enforce this Mortgage discontinued at any time prior to entry of a judgment enforcing
this Mortgage i! (a) Borrower pays Lender all soma which would be then due under this Mortgage, the Note and notes securing Future
Advances, 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 e:pensea incurred by Lender in enforcing the covenants and agreements of Borrower
contained in this Mortgage and in enforcing Lender's remedies as provided in paragraph 18 hereof, including. but not limited to, reasonable
attorney's fees; and (d) Borrower takes such action as Lender may reasonably require to asanre that the lien 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 ouch payment and cure
by Borrower, this Mortgage and the obligations secured hereby shall remain in fall force and effect se if no acceleration had occurred.
20. Assignment of Rents; Appointment of Receiver. As additional 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 collect 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
court to enter~upon, take possession of and manage the Property and to collect the rents of the Property, including those pad due. All rents
collected by the receiver shall be applied first to payment of the costs of management of the Property and collection of rents, including, but not
limited to, receiver's fees, premiums on receiver a bonds and reasonable attorney's fees, and then to the sums secured by this Mortgage. The
receiver shall be liable to account only for those rents actually received.
3^~?K31~ PA~E2470