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8. Inspection. Lender rosy make os cams to ba made reasonable entries upon and inspections of the property. provided that Lender shall
giw Borrower notice pilot b any ouch irupedion sped(ying resaoaable caws therdor related b Lender's interest in the ProperRr.
9. Condemnation. The proceeds of any award or daim for damages, direct or oonsegneatial. in connectioa with any oondemnatioa oe
other talons of the property, a part thenot. or fa oonwyana is lien of condemnation, are herby assisned and shall b paid b Leader.
In the event at a total talons of the Property, the proceeds shall bs applied b the soma ascared by Chia Mortgage, with the excess, ff aWr.
paid b Borrower. In the event of a pastial taking of the propeegr, unless Borrower sad Lender otherwise sere in wiltins, there shall be
applied b the soma secured by this Mortgage ouch peppordon a[ the prposeds as L equal b that propordon whkh the amount a[ the emu
secured by thin Mortgage immediately prior b the date of takias bears b the fair market value of the Properf3? immediately priorb the date of
taking. with the balance of the proceeds paid to Borrower.
Tf the Property is abandoned by Borrower, ~ ~ after aodos by Lender b Borrower that the oondemna offers b make an award or astds a
claim foe damages. Borrower fails b respond b Leader within 30 days after the date such nodce i. mailed, lender is aathoriaed b collect a~
apply the peooseds, at Lendee'a option, either to nsbradon or repair of the property oz b the soma secured by this Mortsase.
Unlep Linder sad Borrower otherwise agree in wilting. any such spplicatioa of proceeds to priruapal shall not eectend or postpone the doe
date of the monthly installments refereed b ice. paragraphs 1 and s hereof or change the amomt of ancb inatellmeata. R
10. Borrower Not Released. Extension of the time fo-rlp_a'yment or modification of amordsation of the snau secured by this Mortgage
~ • ~ ~ : 2.".~.~.'Twt ^f K°T~!r 811811 rw~ operaw W rlSltltlra{t, w awy 1,.O~tLVi, io ::oviiiy w 'wo uI'iginal BOrrBR.er
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and Borrower's successors in interest. Leader shall not be rogm~ b commence proceedings against such successor or refuse b estald time
for payment or otherwise modify amortization of the soma severed by thin Mortgage by reason of any demand made by the original Borrows
and Borrowe~a snooessors in interest.
11. Forbearance by Lender Not a Waiver. Any forbearance by Lender in esercising any right or remedy haennder, or oWerwiee
afforded by applicable law, shall not be a waiver of or predude the a:arise of any sad? right or remedy.7Le plocnremeat of insnranoe or the
payment of lases err other lieu or charges by Lender shall not be a waiver of Leader's right b accelerate the maturity of the indebtedness
secured by this Mortgage.
12 Remedies Caimnladve. All remedies provided in this Mortgage are distinct and cumulative to any other right or remedy Wade: this
Mortgage or afforded by law or equity, and may be e:ercise~l concurrently. indepaldaitly or suooessively.
13. Sncoessors and Assigns Bound; Joint and Several Liability; Capdons. The covenants and agreements herein oontaiaed shall
bind. and the rights hereunder shall inure b. the respective enooesaors and assigns of Linder and Borrower. snbjed to the provisions of
paragraph 17 hereoL All ooveaants and agreements of Borrower shall be joint and several. The captions and headings of the paragraphs of
this Mortgage an for covenieace only and are not to be used to interpret oz define the provisiaaa hereof.
14. Nodoe. E:cept far any notice required under applicable law to be given in another manna. (a) any notice b Borrower provided for in
this Mortgage shall be given by mailing such notice by certified mail addressed to Borrower at the Property Address or at such other adduces as
Borrower may designate by notice b Lender as provided herein, and (b) anq notice b Larder shall be given by certified mail, rotors receipt
requested, b Lender's address stated herein or to such other address as Leader may designate by notice b Borrower sa provided herein.Any
notice provided for in thin Mortgage shall be deemed to have been given b Borrower or Leader when given in the manner designated heroin.
15. Uniform l[ortgsge; Governing Law; SeverabUity. This form of mortgage combines uniform covenants for national use and non-
~~niform covenants with limited variations by jurisdidioa to eonstitnte a aniform security instrument covering real property. This Mortgage
shall be governed by the law of the juriadidion in which the Property is located. Ice the event that any provision or dense 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 provisions of the Mortgage and the Note are dedared b be severable.
16. Borrower's Copy. Borrower shall be fnraished a conformed Dopy of the Note and of this Mortgage at the time of e:ecation or after
recordation hereof.
1?. Transfer of the Property; Assumpdon. Tf all or any part of the Property or an interest therein is sold or transferred by Borrower
without Lender's prior written oonaalt, esdnding (a) We eseation of a lien or encumbrance subordinate b this Mortgage, (b) the creation of a
purchase money seenrity interest for household appliaaoea, (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 b purchase, Lender may. at Leaders option.
. declare all the soma secures by this Mortgage to be immediately due and payable. Lender shall have waived such option to accelerate if,prior r
~ ~y 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 soma eecared by thin Mortgage shall be at such rate as Lender shall
request. If Lender has waived the option to accelerate provided in this paragraph I7. and if Borrower's successor in interest has e:eroted a
written assumption agreement accepted is writing by Lender, Lender shall release Borrower from all obligations Hader this Mortgage and the
~ Note.
If Lender e:erriaes such option b accelerate, Lender shall mail Borrower notice of aexeleration is aeoordance 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 soma prior b the expiration of such period, Lender may. without further notice or demand on Borrower,
?nvoke any remedies permitted by paragraph 18 hereof:
18. Aeoeleration; Remedies Ezcept eu provided in paragraph 17 hereof, npoa Borrower's breach of any covenant or ,
agreement of Borrower in this Mortgage, including the covenants to pay wben due any sums secared by this lortgage, Leader ,
prior to aa~eleration shall mail notice to Borrower as provided in paragraph 14 hereof spedfyiag: (1) the breads; (2) the action
required to care each breach; (3) a date, not lase than 30 days from the date the notice is mailed to Borrower, by which sack ~
breach mast be cured; aced (4) that failure to cure such breach on or before the date specified in the nodoe mq result in
accelerationof 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-eziatence of a default or aqj? other defense of Borrower to soaeleradon and foreclosure. If the breach i. not drred on 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 and may foreclose this Mortgage by judicial proceeding. Lender shall be
entitled to ooUed in such proceeding all espouses of foreclosure, including, but not limited to, reasonable attorney's fees, and
costa of documentary evidence, abstracts aced title reports.
19. Borrower's Right to Reinstate. Notwithstanding lender's acceleration ofthe aumssecured bythisMortgage, Borrower shall have
the right to have any proceedings began by Leader b enforce this Mortgage discontinued at any time prior to entry of a judgment enforcing
this Mortgage if: (a) Borrower pays Lender all soma which would be Wen due ender this Mortgage. the Note aced notes securing Ptirtare
Advances, if any, had no aooeleration occurred; (b) Borrower cares all breaches of any other eovenanta or agreements of Borrowereontained in
this Mortgage; (c) Borrower pays all reasonable expeasee 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; indndiag. but not limited b, rcesoaabia
attorney's fees; and (d) Borrower takes such action as Lender may reasonably require to assure that the lien of this Mortgage. Lender's interest
in the Property and Borrowez'a obligation b pay the sums secured by this Mortgage shall ooatinue unimpaired. Upon such payment and cwre
by Borrows, this Mortgage and We obligations secured hereby shall remain in tall force and effect as if no aooeleration had occurred.
Z0. Assignment of Rents; Appointment of Receiver. Ace additional security hereunder. Borrower hereby assigns b Leader the r+eats
of the Property, provided that Borrower shall, prior to acceleration under paragraph 18 hereof or abandonment of the Property, haw the right
to Dolled and retain arch rents es they become due and payable.
Upon acceleration ender paragraph 18 hereof ar abandonment of the Property. Calder shall be entitled b have a e+eoeiver appointed by a
anent b enternpon, take possession of and manage the Property and b Dolled the rents of the Property. inducting those past due. All rails
collected by the receiver shall be applied first to payment of the costa of management of We Property sad collection of rents, including, but not
limited b, receiver's fees, premiums oa receiver's binds and reasonable attorney's face, aced then b the spins secured 1iy this Mortgage. The
receiver shall be liable b account only for three rw.nts actually received.
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