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8. Inspection. Lender may make os cause to be made reasonabk entries upon and inspections of the property, Provided that Lender shall
give Borrower notice prior to any such iQaPection apecafj?Ing reasonable cause therefor related to Lender's interest in the Property.
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SI. (;ondemnatiom Tae procde~i vi uuy awriiu us ~;a+a?aaa aua uauws~s, wa='wtrs ...%•+ow~..+..~..:. ~w n ~`^s' t"r
older taking of the property, or Part thereof, or for oonvsyaace in lieu of condeonaatioti, 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 the sums secured by this Mortgage, with the ezosss, if any,
paid to Borrower. In the event of a partial taking of the Property, unless Borrower and Leader oWerwise agree is writing, there shall be
applied to the sums secured by this Mortgage such proportion of the proceeds a• is equal to that proportion which the amount of the sums
se~vred by this Mortgage immediately prior to the date of taking bears to We fair market value of the Property immediately Prior to the date of
taking. with the balance of the proceeds paid to Borrower.
if the Property is abandoned by Borrower. or ~ after notice by Lender to Borrower that the condemnor offers to make as award or settle a
claim for damages, Borrower fails to respond to Lender within 30 days after the date such notice is mailed, Leader is anthorirsd to collect and
apply the proceeds, at Lender's option, either to restoration or repair of the property or to the sums secured by this Mortgage.
Unless Leader and Borrower otherwise agree in writing. any such application ofproceeds toprincipalshall noteztend or postpone thedus
date of the month),p installments referred to in paragraphs 1 and 2 hereof or change the amount of such installments.
10. Borrower Not Released. Ezteaaion of the time for payment or modification of amortisation of the sums secured by this Mortgage
granted by Leader to any successor in interest of Borrower shaA not operate to release. in any manner, the liability of the original Borrower
and Borrower's suoseesors in interest. Lender shall not be required to commence proceedings against such snr or refuse to eztend time
for payment or otherwise modify amortization of the sums secured by this Mortgage by reason of any demand made by the original Borrower
sad Borrower
s successors in interest.
11. Forbearance by Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or otherwise
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 fazes or other liens or charges by Lender shall not be a waiver of Lenders 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
Mortgage or afforded by law or equity. and may be e:ercise~l concurrently. independently or sacceseively.
13. Sucoeswrs and Assigns Boned; Joint and Several Liability; Captions. The covenants and agreements herein contained shall
bind, and the rights hereunder shall inure to, the respective sacceeeors and assigns of Lender and Borrower. subject to the provisions of
paragraph 17 hereoL 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 Horrowar atthe Property Address or at such other address as
Borrower may designate bynotice to Lendetae provided herein. and (b) any notice to Leader shall be given by certi5ed mail, returnreceipt _
requested, to Lender's address stated herein or to such 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; Severability. This form of mortgage combines uniform covenants for national use and non-
uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. This Mortgage
shall be governed by the law of the jurisdiction is 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 sad the provisions of the Mortgage and the Note are declared to be severable.
16. Borrower's Copy. Borrower shall be furnished a conformed copy of the Note and of this Mortgage at the time of execution or after
recordation hereof.
1 T. Transfer of the Property; Aesnmption. If all or any part of the Property or as interest therein is sold or transferred by Borrower
without Lender's prior written consent, ezcluding (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 ooatainiag as option to purchase, Lender may, at Leaders option,
declare all the sums securers by this Mortgage to be immediately due and payable. Leader 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 thatthe credit of each
person is satisfactory to Lender and that the interest payable on We arms 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 1?. and if Borrower's snocessor in interest has executed a
written assumption agreement accepted in writing by Lender, Lender shall release Borrower from all obligations under this Mortgage and the
Note.
j If Leader 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 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 ezpiration of such period, Lender may, without further notice or demand on Borrower,
invoke any remedies Permitted by paragraph 18 hereof.
~ 18. Acceleration; Remedies. Ezcept as provided in paragraph 17 hereof, aeon Borrower's breach of any covenant or
agreement of Borrower in this Mortgage, including the covenants to pay when due any same secured by this Mortgage, Lender
prior to acceleration shall mail notice to Borrower ae provided in paragraph 14 hereof specifying: (1) the breach; (2) the action
required to cure each breach; (3) a date, not less than 30 days from the date the notice is mailed to Borrower, by which such
breach moat be cared; and (4) that failure to cure such breach on or before the date specified in the notice may result in
acceleration of the soma 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 sad 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 ie not cared on or
before the date specified is the notice, Lender at Lender's option may declare all of the same secured by this Mortgage to be
immediately due and payable without further demand and may foreclose this Mortgage by judicial proceeding.Lender shall be
entitled to collect in such proceeding all ezpensea of foreclosure, including, bat not limited to, reasonable attorney's fees, and
costs of documentary evidence, abstracts and title reports.
19. Borrower's Right to Reinstate. Notwithatbnding I.endersacceleration ofthe aumssecured bythis Mortgage, Borrower shall have
the right to have any proceedings begun by Lender to enforce this Mortgage discontinued at any time prior to entry of a judgment enforcing
this Mortgage ii: (a) Borrower pays Lender all sums which would be then due under this Mortgage, the Note end notes securing Flitnre
Advances. if any, had no acceleration occurred: (b) Borrower cures all breaches of any other covenants or agreements of Borrower contained is
this Mortgage; (c) Borrower pays all reasonable expenses 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, b~ not limited to, reasonable
attorney's fees; and (d) Borrower takes such action as Lender may reasonably require to aasare that the lien of this Mortgage, Lender's interest
in the Property and Borrowers obligation to pay the sums secured by this Mortgage shall continue unimpaired. Upon each payment and care
by Borrower, this Mortgage and the obligations secured hereby shall remain is fall force and effect as if no acceleration had occurred.
20. Assignment of Rents; Appointment of Receiver. As additional aecarity hereunder, Borrower hereby assigns to Lender the rents
of the Property, provided that Borrower shall, prior to acceleration ender paragraph 18 hereof or abandonment of the Property, have the right
to coiled 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 ooQed the rests of the Property, including those past due. All rents
collected by the receiver shall be applied first to payment of the costs of management of the Property and collection of Teats,including, bat not
limited to, receiver's fees, premiums oa receivers bonds and reasonable a'ttorney's fees, and then to the sums secured by this Mortgage. The
receiver shall be liable to account only for those rents actually received.
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