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Home My WebLink About0900 ~ 8. Inspection. Lender may make or cause b be made reasonable eatrias spoor and iospedioos dthe propes#y. Pearided t6stLssdershaD give Borrower antics prior to any such inspsdioa specib?ing reasonable caws therdee related b I~eoder's ialenrR is the Prvpsrbr. 9. t^.ondemaatlon. The proceeds of orgy award or claim for damages. dined or onaseepeotial, is oootrsction with aw eoadssaatioa er other taking d ~ ProPer4Y. or Par! ~«'a~• or foe oonv+eyaaos in lies d coademaatio4 are hereby aseigoed as?d sitaB bs paid d Lsadar. Ia We event of a total bking of the Property. the proceeds shall be applied b file some asmred by this Yortgagss, wits the sscsar, iiagy. paid to Borrower. Ia the event d a partial taking of the Properttiy, saless Borrower sail Lender athsrwiw agree m weitiag, there shall 1t. applied to the sums secured by this Mortgage such proportion d the prooee<ls as is egaal b that propartian which the amoast d the wee secured by this Mortgage immediately print b the date d taking bears b the fair marled valaeo[the PkepeeRy ismedialel~y priselotbedate d taking, with the balaaca d the proceeds Paid b Borrower. If the Proper~r is abandoned by Borrower, err i~ alter notice by I.eadee b Bemower that the ooudsmnaeofieesbaaioeaa awmdarasttle a claim for damages. Borrower fails b respond to Leader within 30 days aRee tbs dais sods aotiioe is mailed. LesdQ is wtboeissdbao8eetssd apply the proceeds, at Leader's option. either b redoeation or repair d the property see b the some waared by this Yoe~aga Ualea Leader and Borrower oWecwise agreein writing. any wchapplicatioadpooesdabpiindpal shall nde:tmderpoafpooetbtdss date d the monthly installments refeered to in paragraphs 1 and 2 hereof err ~ the amomt d web installmeab. 10. Borrower Not Released. Sxtenaion d the time for payment err modifintion damortisation dthe wens soesred by this llsstgage granted by Leader to any successor in interest of Borrower shall not operate b r~deose. is any manner. the Iiabilid dthe original Boreevrer and Borrower's suoceseors in interest. Lender shall not be required b oommenoe proceedings againd sash wocewor ore rehse b esiend rises for payment or otherwise modify amortization of the sums seeatred by this Mortgage by reason d any demand made by the anpnal Boer'ow'er and Borrower's aucabsors in interest. 11. Forbearance by Leader Not a Waiver. Any forbearance by Leader in using any right err remedy heeemder, orotherwrse worded by applicable law. shall net be a waiver of or prednde the exer+rise of any sash right or remedy. The prvaresmt dideanoe ore the payment of tares oe other liens or charges by Lender shall not be a waiver d Lender s right b aoodeeate tbs atataribi dthe indebtedoeas secured by this Mortgage. 12 Remedies Cmm~latlve. All remedies provided in this Mortgage are didinct and ean?v~lative b say ether right or ~ miler this Mortcage or afforded by law or equity. and may be exen~iseel aoncarrently, iadepeodmtly or wooeesively. 13. Suooessors and Assigns Booed; Joint and Several Liability; Gaptioos. The osvmanb sail sigreements ha®contamed a6aB bind, and the rights hereunder shall inure to, the respee~tive wooewors sad assigns d Leader sad Borrower. sabjod b the pe+ovisiaas d paragraph 17 hereof All covenants and agreements of Borrower shall be joint and several The esptioos and headings dthe paragraphs d this Mortgage are for oovenience only and are not to be Deed to interpret or de~fine the provisooe» hereof 14. Notice. Except for any notice required under applicable law to be given in another manner. (a) any notice to Borroww provided (aria this Mortgage shall begivea by mailing such noticeby certified mailaddressedto Bae_mweratthePropatyAd~lressoratwehdlreraddr~essaa Borrower may designate by notice to Lender as provided herein, sad (b) any notice b Leader shall be glum by certified marl, rets:n receipt requested, to Lender's address stated herein or to such other address as Leader may deogoate by notice b Borrvwee ens provided 6r<em-Asp notice provided for in this Mortgage shall be deemed to have been glum b Borrower or Leader when glum in the manner designabd berem. 15. Uniform >fortgage; Governing Law; Severability. This form ofmortgagecombines miformoovmantsfornatiooal sseandnon- uniform covenants with limited vasiationa by jnrisdidion to exurstitnte a nnifarm secatity instruaomt eoverireg Heal property. This 1lartgage shall be governed by the law of the jnrisdidion in which the Property is locsbd. In the event that any provision or chose of this Yartgage err the Note conflicts with applicable law, such conflict shall not affect other provisions d this)tfortgage or the Note which esa be given elfed without the conflicting provision, and to this end the proviaiona of the Mortgage a~ the Note are declared b be severable: lli. Borrower's Copy. Borrower shall be furnished a conformed Dopy of the Note and dthis Mortgage at the floe de:eesrioa err after recordation hereof. 1T. 'l5ransfer of the Property; Assumption. U all or any part of the Property or an interest tbesem is soil or trande:red by Harrower without Lender's prior written consent, e:clnding (a) the creation of a lien or encumbrance snbardinate to this lfortpg~ (b) the evsation des pur^c_hase money security interest for household appliances. (c) a transfer by devise, descent or by operation of law upon thedeath des joint tenant. or. (d) the grant of any leasehold interest of three years or less not containing m option b pvarhase7 Lender my, at I~dds opRioo, declare all the some secnreu by this Mortgage to be immediately due and payable. Lender shaII Idvr waived sorb aptronto aeoeierale $ Prior to the sale or transfer, Lender and the person to whom the Property is to be sold or transferred reach agreemmtin writing thattheereditdweh person is satisfactory to [.ender and that the interest payable on the sums secared by this litortgage shag be at each rate as Lender shall request: If Lender has waived the option to accelerate provided in this paragraph 17, and if Bortovee<'s wocessor in iaterast has e:«xted a written assumption agreement accepted in writing by Lender. LendershallreleaseBaerower6+omallobiigationsmderthisltartgageandthe Note-- IfLender exercises such option to accelerate, Lender shall mail Borrower notice d acederatian in aooordanee with psiagraph 14 baeoi Such notice shall provide a period of not lees than 30 days from the date the notice is ffar7ed within which Borrower may pay thes®s dedar+ed due. If Borrows fails to pay such sums prior to the expiration of such period, [.ender may. withoad fvrrther notice or demand an Borrower invoke any remedies permitted by paragraph 18 hereof. 18. Aeoeleration; Remedies Fscept as provided in paragraph 17 her+eo~ dpon Borrower's be+eaclb of say eoveaaat oe agreement of Borrower in this kiortgage, including the eovenanb b pay when doe soy sswssecwred by tiis)rortgage, Insder prior to acceleration shall mail notice to Borrower as provided is paragraph 14hereofspecafyiag:(1)tbebreaels:C~tlees~dioa required to cure such breach; (3) a date, not less than 30 days [nom the date the notice is mailed to Borrower, b vvikiei weir breach must be cared; and (4) that failure to cure such breach on or before the dote spedGed is the adios may resalt be acceleration of the sums secured bythis llsortgage, foredowre by jodieied proceeding sad saledtirePro~erty-1tie adioea).ali further inform Borrower of the right to reinstate after acceleration sad the rii6t to assext ns the foreriosQe proceedig tie non-existence of a default or anj? other defeme of Borrower to aexderatioa soil foreeiwQ+G If tie 6e+eaci is ad esaed as err before the date specified in the notice, Lender at Lender's option say dedar+e all oitie sows secwr+ed by this ![ecigage to be immediately due and payable without fnrtber demand and may foredosethis ltortgagseby jiadiedal proceeding-l.eaderaltiailie entitled to collect in such proceeding all expenses of foreclosure, including, boil red limited to, reasoaabie attorney's fees, sad costs of documentary evidence, abstracts and title reports. 19. Borrower's Right to Reinstate. Notwithstanding Leadesra aocderationof thesamsseesrdbythis Yastgage. Barrvwerahdihave the right to have any proceedings began by Lender to enforce this Mortgage discontinued at any time prior b entry des jsdgsestmferemg this Mortgage if: (a) Borrower pays Lender all sums which world be then due ender this Norig~ the Note and cotes seesrmg Fahre Advances, ifany,hadnoaocelerationoccnrred;(b)Borrowercuresallbreadksofanyotberoo~veoanbaragreemeobd8acr+oweramtaiaedm this Mortgage; (c) Borrower pays all reasonable expenses ineareed by Leader in mfoeang the eovmants sad ~b d Borrower contained in this Mortgage and in enforcing Lender's remedies as provided in pwragraph 18 hereof indsdiag, but not Boiled b. reasonable attorney's fees; and (d) Borrower takes such action as Leader may reasonably regains b aewrethdthe lien dthis Yartgage, Iaoders entered in the Property and Borrower's obligation to pay the arms secured by this Maetgage shall eontins!e mimpan~ed-Upon web paysmtaod cwe by Borrower, this Mortgage and the obligations sexared hereby shall remain in fall force and effect w if m aoode:atiaa hd ooewred. 20. Assignment of Rents; Appointment of Receiver. Aa additional security hereunder, Borrower Meby asagss b Lesade*rtherads of the Property, Provided that Borrower shall, prior to aecderatian Hader paragraph 18heredaeabsadaomeotdthePra4er~.havetieright to eolled and retain each rents as they become due and payable. Upon acceleration render paragraph 18 hereof or abandonment of the Property, Lender shall be entitled b have a receiver s~psinted by a ootut to enter.npon, take possession of and manage the Property and b coiled the rents d the Property. indadmg Bose Asst doe. AD rests collected by the receiver shall be applied first to payrpmt dthe Dods of managementdthePropertyandeolledioooEreols~bdsdiog.bs~tad limited to, receiver's fees. Premiums on receiver's bonds and reasonable atbrney's fees, and then to the sass sued b7 this lfori:ige. The receiver shall be liable to aeoount only for those rents actually received. ~U~K315 P~Uf 898