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8. InspscNoa. Leader may make or cave b be made reasonable entries spoor and inspections otter properly, provided that Leadse alull
give Boeeower notice prise b orgy such iaapedioa spet3~Ing reasonabls cause tlurefa slated b I.eadsr's intesast in the Proget,.
8. Coodemnatlas. Tbs proossds of orgy award or Maim fa: damages, direct a consequential. is oormsction with ally ooadamnatioaV a
older taking of tM propergr, or part thersot, o: for cor?vayanas in Hen of ooademaation. ors hereby assigned and shall bs paid b Leader.
In the event of a told taking of the Property. the proaesds shall be applied b the sums secured by this b'a~sfgage, with the actress„ if say.
paid b Borrower. Ia the event of a partial taking of the Proper#y, nnkss Borrower sad Leader othsewi~s agree in writing, than shall ba
applied b the sums seaered by this Mortgage each pe+oportioa o[ the proceeds as is equal b that proportion which the amount a[ the sums
secured by this Mortgage immediately prior b the date at taking bears b the fair mssketvalne of
We Propergr im~oediatsly prior b thedats of
taking. with the balartoe a[ the proasds paid to Harrower.
If the Properly i. abandoned b7? 8osrower,ore i~ altar notice by Lwtder b Borrower that the condemnor offer b mate an award or settle a
claim for damages, Borrower fails b respond b Lender within 30 days after the date such notice i. mailed, Lender is antbotrised b ooltect and
apply the proceeds, at Iwade~s option, either b restoration or repair of the property or b the soau seeerbd by 1Lb Meetgage~
Udea Leadarand Borrowarotherwiss agrsein writing,anysadt sppHcatioaQOfprooeedsbpriacipalshall noteztendacpostponethedns
date at the monti>br inatellments refereed b in paragraphs 1 and Z Hereof or change the amount of such installcneats.
10. Borrower Not Released. Ertensioa of the time for payment or modiScatioa of amortisation of the sums secured by this Mortgage
granted by Lender b orgy sucoeebor in interest of Borrower shall not operate b release, in any manner, the liability of We original Basrower
and Borrower's saeoessors in interest. Leader shell not be required b mmmenoe paoosedings against such suaaeesor or refuse b eztend time
for payment orotharwiee modi(jr amortisation of the soma secured by this MortgagE by reason of any demand made by the original Borrower _
and Borrower's snacessora in interest.. _
11. Forbearance by Lender Not a Waiver. Any forbearance by Lender in ex~ng aqv right os reemedy hereunder, ar otherwise
afforded by applicable law. shall not be a waiver of or prsdnde the ezerrise of any such right or remedy. The procurement of insnranos oar the
payment of taus or other liens or charges by Leader shell not be a waiver of Lender's right b acceerate the matnrkty of the indebtedness
eecored by this Mortgage.
1Z Remedies CttmaLtive. All remedies provided in this Mortgage are distract and camnLtive b say older right or remedy render this
Mortgage o: afforded by law or equity, sad may bs ezercisal eoncnrrently, independently or snooeasively.
13. Snooessors sad Assigns Bound; Joint and Several Liability; Capt3oas. The mvenaats and agreements herein contained shall
bind, and the rights hereunder shall ianre b, the respective saceesaon and assigns of Leader and Ilorrowce, subject b the providoru ~
paragraph 17 hereof All mvenanta and agreements of Borrower shall be joint and several. Tfte captious and headings of the paragrapht+ of
this Mortgage are for eovenience ody and are not b bs need b interpret car define the provisions k?e:eo£
14. Notice. Ezoept for orgy notice required under applicable law b be given in another manner. (a) any notice to Borrower provided for in
this Mottgageshallbeglvenbymailingsnchnotioebyoerti5edmailaddressedtoBormw~ratthePrnpwtyAddressoratwchotheraddreaas
Borrower may designate by notice b Leader as provided herein, and (b) any notice b Lender shall be given by certified mail, return receipt
requested, b Leaders address stated herein or b such other address as Lender may designate by notice b Borrower as provided herein. Any
notice provided for in this Mortgage shall be deemed to have bees given b Borrower or Leader when gives in the manner designated kurein.
1G Uniform li[ortgage; Governing Law; Severability. This form of mortgage combines uniform covenants for national use and non-
uniform mveaants with limited variations by jurisdiction b mnatitnte a uniform security instrument covering real property. This Mortgage
shall be governed by the law of the jnriedidion 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
wildcat the conflicting provision. and b this end the provisions of the Mortgage and the Note are declared b be severable:
16. Borrower's Copy. Borrows shall be furnished a conformed Dopy of the Note and of this Mortgage at the time of a:ecution or aRer
recordation hereof.
17. Transfer of the Property; Assumption. If all or any part of the Property or an interest therein is sold or tranaferr+ed by Borrower
without Lender's prior written consent, ezcluding (a) the creation of a lien or encumbrance subordinate b this Mortgage. (b) the crrmtion of a
purchase money security interest for household appliances, (c) a transfer by devise, descent or by operatics of law upon the death of a joint
tenant or (d) the grant of any leasehold interest of three years or leas not containing an option b pmrchase,Lender may. at Leadei''a option,
declare all the sums secured by this Mortgage to be immediately due and payable. Lender shall have waived such option b smelerate if,prior
to the Bale or transfer, Leader and the person to whom the Property is b be sold os transferred reach agreementin writing thatthe creditof arch
person is satisfactory to Lender and that the interest payable on the sums secured by thin Mortgage shall be at arch rate as Lender shall
request. If Lender has waived the option b accelerate provided in this paragraph 17, and if Borrowe~a saoceseor in interest has ezewted a
wntten assumption agreement accepted in writing by Lender, Lender shall release Borrower from all obligations under this Mortgage and the
Note.
If Lender exercises arch option to accelerate, bender shall mail Borrower notice of aooeleration in aooordance with paragraph 14 hereof
Such notice shall provide a period of not lees than 30 days from the date the notice is mailed within which Borrower may pay the sums dedared
due. If Borrower fails to pay each sums prior b the expiration of arch period, bender may, without further notice or demand an Borrower,
invoke any remedies permitted by Paragraph 18 hereof
18. Acceleration; Remedies. Ezoept as provided in paragraph 17 hereof, aeon Borzower's breach of airy eovenaat ce
agreement otBorrower in this MortgagP., including the covenants to pay when due any sums warred by this Mortgage, Lerrder
prior to acceleration shall msil notice to Borrower as provided in paragrap614 hereof spedfying: (1) the breach; (2) the action
required to cure such breach; (3) a date, sot leas than 30 days lirom the date the notice b mailed to Borrower, by which mach
breach must be cured; and (4) that failure to cure such breach on or before the date specified in the notice may result is
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 aeoeleratbn and the rigfit to assert in the foreclosure proceeding the
non•e:isteaee of a default or any other defense of Borrower to acceleration and foreclosure. If the breach is sot cared oa or
before the date specified in the notice, Leader at Lender's option may declare all of the sums secured by this Mortgage to be
immediately due and payable without farther demand sad may foreclose this Mortgage by judicial proceeding. Lender shall be
entitled to collect is such proceeding all ezpensea of foreclosure, inclndiag, bat not limited to, reasonable s~ttorney's fees, and
costa of documentary evidence, abstracts said title reports.
19. Borrower's Bight to Reinstate. Notwithstanding Lender's aooekration of thesama errand by this Morlgage,~orrower eha11 have
the right b have any proceedings begun by Lender b enforce this Mortgage dismntinaed at any time prior b of a judgment enforcing
this Mortgage i$ (a) Borrower pays I.rnder ell sums which world be Wen due Hader this Mortgage, the N and notes securing Future
Advances. if any, had no acceleration oa:arred; (b) Borrower mores all breaches of any other mvenaats or to of Barrows contained in
this Mortgage: (c) Borrower pays all reasonable ezpensee incurred by Lender in enforcing the ooveaas and agreements of Borrower
contained in this Mortgage anal in enforcing Lender's remedies as provided in paragraph 18 hereof; including, bat not limited b, reasonable
attorney's fees: and (d) Borrower takes such action as Lender may reasonably require b assure that the lies of this Mortgage, Leader's interest
in the Property and Borrower's obligation b pay the sums secured by Win Mortgage shall oontinne unimpaired. Upon such payment and sue
by Borrows, this Mortgage and the obligations errand hereby shall remain in full force and egad as if no sooeleration had corn:red.
20. Assignment of Rents; Appointment of Receiver. As additional accarity hereunder, Bcerower hereby assigns b Leader the :eats
of the Property, provided that Borrower shall, pricy b aooeleration ender paragraph 18 hereof ar abandonment of the
to Dolled and retain such rents as Wry become doe and payable. Ptope:<y.havetheright
Upon ameleration under paragraph 18 hereof or abandonment of the Property, bender shall be entitled b have a receiver appointed by a
mart b enterupon, take possession of and manage the Property and b collect the rents of the Property, including Wose pad due. All teats
collected by the receiver shall be applied first b payment of the costs of management of the Property and oolledion of rents, indnding, bat not
limited b, receiver's fees, pnminms oa receiver's bonds and reasonable attorney's fees, and rhea b We soma secve~ed by this Mortgages The
receiver shall be liable b aomnni only far those rer?ts actually received.
~~..°~3~6 Pa~f2491