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8. Iaspeation. Leader may make or cause to be madenasoaabie entries upon and inspections of the propee~jr, provided tbatLeoder shall
give Borrowee notice peior b aqy sneh irupedion eped~ying rwsw~able canes tberifoe related to Lnider'a iatereet in the Propeeyr.
>i. Ce4deonatioa. The poasds of eery award or claim fear damages. threat a oonaegwntieJ, is co~anection with any eondemaatioa err
other taking et tM propergr. err part tbereo[, or foe oonwyaaoe is lien of ooademaatioa, errs busby assigned and shall b paid b Lsadee.
Ice the event of a total taking of the Property. the prooeedr shall t» applied to the suaas aecund by this Maetgage, with the e:oese, ii aglr.
paid b Borrower. Ice the event of a partLJ taking of the Property. artless Aarro~wee and Leader otherwise agree Ice waiting, thee+e shall be
applied to the same secured by Chia Moctgsge such proportion of the pe~oossds en i• equal to flat ptopoetion which the amoarat at tbs soma
secer+sd b this Mortgage immediately prior to the date of takia~ been to the fair market valve of the Property iaamediate~y prbr to the date at -
taking, with the balancer of the proceeds paid to Boeroww.
lithe Property is abandoned by Borrower, oe if, alter notice by Lender to Borrower that the oondemnac otters to males an award or sett3s a
claim far damages, Borrower fiiL to respond to Leader wItbin 30 days alter the date such aotios is mailed, Lender is anlho:ised bosllect and
apply the peooseds, at Candela option, dther to reetaation oe repair of the propeety a to the sums eseurd by this 1[aetsaga
Unless Lender and Borrower otherwise agree in writing, any sndi application ~psooesda to prindpel shall not eaterd or postpone the des
date of the mwatldy inatallrnents referred to in paragraphs 1 and a hae+ad or change the amount of enc6 installments.
10. Borrower Not Released. S~teneioa of the time for payment or modiilcatan of unortisation of the same secured by this Mortgage
granted by Lender to any snooeaar in interest of Borrower shall not ope»te to relaeas, in any manner, the liabiligr of the original Borroww
and Borrower's sncoessors in interest. Lender shall not be required to commends proceedings sgaina! such snooeesor or refuse to extend time
for payment or otherwise modify amortisation of the sums secured by this Mortgage by reason of any demand made by the original Borrower
and Borrowels sucoeswrs in interest. '
11. Forbearanos by Lender Not a Waiver. Aqy forbearance by Leader in exercising any right or remedy hereunder. oe otharwisa
affceded by applicable law, shall not bs a waiver of or preclude the exercise of any such right or remedy. The procau~emeat of iasuranos or the
payment of tazea or other liege or charges by Lender shall set be a waiver of Lender's right to aa~ekrate the maternity of the indebtedness
secured by this Mortgage. -
12 Remedies Cmm~Ltive. All naoediee provided in this Mortgage an distinct and cumulative to any other right or remedy ender this
Mortgage err afforded by law or egnigr, and may be ezerdw~l concurrently. by or aQOOeedvely.
13. Snooessors sad Assigns Bound; Joint and Several I.iaMlity; C~a~a~~ts and agreements herein contained shall
bind, and the rights hereunder shall inane to, the respective suooesson and assigns of Fender and Borrower, subject to the proviaiotu of
paragraph 17 hereof: All oovenaata and agreements of Borrower shall be joint and esveial. The captions sad headings of the paragraphs of
this Mortgage are far oovenimce onlq and are not to be used to interpret or define the provisions hereof.
ld. Nodoe. E:oept for any noBce required under applicable lacer to be given in another manner, (a) any notice to Borrower provided for is
this Mortgageshallbegivenbymailingsndrnoticebyoe~rt7iSectmailaddreesedtoBorroweratthePropertyAddressoratsuchotheraddreeeas
Borrower may designate by notice to Lender ae provided herein, and (b) any erotica to Lender shall be given by certified mail, return receipt
requested, to Lender's address stated herein or to sack other address as LendeR may designate by notice to Borrower as provided ha:+ein. Any
notice provided for in this Mortgage shall be deemed to have been given to Borrower os Leader when given in the manner designated herds.
lb. Uniform Mortgage; GoverningLaw; Severability.l7usform of martgageoombines uniform oovenantsfarnational use andnon-
uniforpu rnvenanta with limited variations by jon to oonatitnte a uniform security inatrume~nt covering real propmrty. Thies Mortgage
shall be governed by the law of the jarisdidion in which the Property is located. In the event that aqy provision or clause of this Mcetgage or
the Note conflicts with applicable taw, such conflict shalt not affect other provisioner of this Mortgage or the Note which can be given effect
without the eeonflicting provision, and to this end the provisions of the Mortgage and the Note are dedaxed to be severable.
16 Borrower's Copy. Borrower shall be fnraished a conformed Dopy of the Note and of this Mortgage at the time of execution or after
recordation hereof.
1?.'Praweter of the Property; Assumption. if all or any part of the Property or an interest therein is sold or transferred by Borrower
without Lendels prior written consent, excluding (a) the creation of a lien or encumbrance subordinate to this Mortgage, (b) the creation of a
purchase money eecnrity interest for honsehoW 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 as option to porchase, Lender may, at Lender's option,
declare all the sums secnreti by this Mortgage to be immediately doe and payable. Lender shall have waived such option to aoosarate if, prior
to theealeor transfer, Lenderand theperson to whom theProperty is tobeeold err transferredreach agreemeutin writingthatthe creditofsnch
person is satisfactory to Lender and that the interest payable on the sums secured by this Mortgage ahaU beat such rate as Leader shall
request. If Lender beer waived the option to accelerate provided in this paragraph 17, and if Borrower's anooeseor in interest has ezecated a
written assumption agreement accepted in writing by Leader. Leaderahall release Borrower from all obligations under this Mortgage sad the
Note.
If bender ezerciaes each option to accelerate, Lender shall mail Borrower nogce of acceleration in aooordanoe with paragraph I4 hereoL
Such notice shall provide a period of not less than 30 days 5rom the date the notice is mailed within which Borrower may pay thesama declared
due. If Borrows fails to pay such some prior to the expiration of each period, Lender may. without further notice or demand on Borrower,
invoke any remedies permitted by paragraph 18 hereoL
18. Aooeleration; Remedies. Ezcept as provided in paragraph 17 hereof, npon.Borrower's breach of any oovenaat or
agreement of Borrower in this Mortgage, including the ooveaants to pay when due any sane secured by this lortgage, Leader
prior to aooeleratioa shall mail notice to Borrower as provided is paragraph 14 hereof spedfying: (1) fire breach; (2) the action
regair+ed to care each breach; (3) a date, not lees than SO days d^om the date the notice is mailed to Borrower, by which each
breach mast be cured; and (4) that failure to carne such breach on or before the date specified itr the notice may result in
aooeleration of the sums secured by this Mortgage, foreclosure by jadidal 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 pr+ooeeding the
non-existence of a defauk or any other defense of Borrower to aooeleration and taarocIosnre. If the breach is not tarred on or
- before the date apedfied in the notice, Lender at Lender's option may declare all of the sums secured by this Mortgage to be
immediately due and payable without farther demand and may foreclose this Mortgage by judicial proceeding. Leader shall be
entitled to collect in such proceeding all ezpenses of foreclosure, including, bat not limited to, reasonable attorney's fees, and
costs of documentary evideaoe, abstracts and title reports. .
19. Borrower's Right to Reinstate. Notwithstanding Lender's acceleration of the sums secured by this Mortgage, Bonrowa shall have
the right to have say proceediaga begun by Lender to enforce this Mortgage discontinued at any time priest to entry of a jndgmeat enforcing
this Mortgage ii (a) Borrower pays Lender all sums which would be rhea due ender this Mortgage, the Note and notes wearing 1?hture
Advances, if any, had ao aooeteration occurred; (b) Borrower cures all breaches of aayothes covenants err agreemenb of Borrower contained in
this Mortgage; (c) Borrows pays all reasonable ezpensee incurred by Lender in eafor+caag the covenants and agreements of Borrower
contained in this Mortgage and in enforcing Lender's remedies as provided in paragraph 18 hereof, including, but n~ limited to, reasonable
attorney's fees; and (d) Borrower tt+kea such action sa Leader may reasonably require to assure that the lien of this Mortgage, Lender's interest
in the Property and Borrower's obL'gation to pay the sums secured by this Mortgage shall continue unimpaired. Upon such payment sad care
by Borrower, this Mortgage and the obligations secured hereby shall remain in full force and effect as if no acceleration had occurred.
Zl). Assi~nmeat of Rents; Appointment of Rsoeiver. As additional sa~asity hereunder, Borrows hereby assigns to Lender the rests
of the Property. provided that Borrower shall, prior to aooele:ation ender paragraph 18 hereofar abandonment of the
to collect and retain such rents as they become due and payable. Prope:ty,havetheright
Upon acceleration ender paragraph 18 hereof or abandonment of the Property, Lender shall be entitled to have a reodver appointed by a
Dotal tD enter.npon, take possession of and manage the Property and to Dolled the renter of the Property, including those past due. Ali rents
collected by the receiver shall be applied first to payment of the goats of management of the Property and collection of Hats, inducting, bat nd
limited to, receiver's fees, preminma on receiver's bonds aact reasonable attomey's fees. and then to the sums secured by this Mortgage. The
receiver shall be liable b aoootmt only for those rents adual~jr received.
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