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8. lnapeetiOn. Lsndsr may make or caress t0 b made rwsonabls entries upon and iaapeCtiOna oftbe pl'operRy, pea~vidsd that Lernisrsball
giw Horraru notion pdae Oo any such inspeedon spedi~riag reasonable cross tberetar related to Lrades'a iatsrwt in the Property.
iR Caodessaatba Ths psooseds of any awed a claim furor damages, direct a aonsqueutisJ, in ooanection with aqy oandemnatioa or
otMr hiring a[ the psopsrtr, or part thereof; or far oonveyanoe is Ilea of aondeasasrtioq are hereby ass~oed and shall be paid m Landes.
la the event of a toW taldag of the Propeegr, tlw proossd~ shall bs app8sd to the sums seemed by tbL Maetgagei, wIW the excess, itany,
paid to Borrower: In the event of a paetiai taidag of the f'ropertr. unless Borrower and Lender otlNewiss agree in writing, there shall bs
applied to the soma s~csrsd by this Mortgage such propoetioa of the p~ooeeds as is egnsrl b that peopsttion which the amaamt aE the smw
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tslang, with the balance d the prooseds paid to Boeeower. ~ • ` _ - _ , •
If the Proper4y is absndooed by Haerowsr,ere i~ altee nMioe by Les>der to Borrower that the eoademnoroQire to make an award ce settle a
claim for damages, Harrower hits b respond to trader within 30 days after the date sndt notice is mailed, Lendec le anthorisedto collect and
apply the peeoeeds, at Leadee'~ option. either to restaeation or repair of the Pro'Pw~y oe to tM scars secured by Ibis Mortgage.
Unless trails and Borerlwsr otherwise agresinwriting,naysudsapplicationafpsoosaLtoprincipalshall notesteadorpostpanstbedw
date of the maathly inshllmeab rerfened h in pasagsaphs 1 and 2 hereof or lunge the amount of such installments.
10. Borrower Not Released. Ssteneioa of the time for payment err modiQcation of aaarlisation of the sums secured by this Mortgage
granted by Lender to say suooessor is interest of Borrower shall not operate to release. in nay manner. the liability atthe original Bast+awer
~ and Bocrowe:•s suooeaors in inteeesl. leader shall not be required to oommenoe proosedinga against ~ successor or sailors to estesul time
for psymaat or otherwise modify amortisation of the anma sacred by this Mortgage by reason of any demand made by the original Borrower
and Borrower's snooessors is interest.
11. Forbsannos by Lender Not a Waiver. Aqy fosbsasaaos by Lender in ea~ercising any right err remedy heeds, err otherwise
afYarded by applicable law. shall not be a waivsof or preclude the esscise deny such right or remedy. Ths pr~ocnremeat of insntsuree err the
pe~ymeat of lases a other liens oc charges by Loader sbsll not bs a waiver of Lender's sight to aooelsate the maturity of the indebtednssa
secured by this Mortgage.
lr, !'?ems»~.*-±~, !?~i .r.o..t~aa earovided in this MarftaQa errs distiad sad cumulative to any other right of remedy nailer this
Mortgage err afforded by law or equity, and melt' be esescise~l ooncurrent$?, independently or snooessively.
13 Snooessora and Assigns Boaad; Joint and Ssreral Liability; Captions. The ooveaantr sad agreements herein oaatained shall
bind, and the rightr heeennds shall inure to. the respective anooessors and assigns of Lends and Borrower. sabjed to the providons cf
paragraph 1? hereoL All ooveasnts and agreements of Borrower shall be joint and several. The captions sad headings of the paragraphs of
this Mortgage are for oovenienoe onlyr and errs not to be used to interpret ~ define the provisiow hereoL
14. Notloe. $xoept far aqy notice required ender applicable law to be given in another manner. (a) any notice to Borrows provided facia
this MortgageahallbegiveabymailingsnchnotioebyoertitfedmailaddressedtoBarroweratthePropertyAddnssorataachothwaddrsssas
Borrows may designate by notice to Leader en provided herein, and (b) any notice to Lender shall be given by certified moil, return receipt
requested, to Laude's address stated heroin err to such other address ere Leader msy designate by notice to Borrower as provided herein. Any
notice provided for in this Mortgage shall be deemed to have been given h Borrower or Lender when given is the manner designated herein.
15. Uniform Mortgage; Governing I.aw; Severability. This form ofmortgage combines uniform wvenanta for national see and non-
uniform ooveaaats with limited variatiotu by jarisdic4ion to constitute a aaiform security instrument Dousing real propsty. This Mortgage
shall be governed by the law of the jntisdidion in which the P~ropprty is located. In the avast that any provision or chose of this Mortgage err
the Note oontlicts with applicable law, ends ooaitict shall not affect other provisions of this Mortgage or the Note which can be given eSed
without the oontiicting provision, sad to this end the provisions of the Mortgage and We Note are declared to be asverable.
1& Borrower's Copy. Borrower shall be furnished a conformed Dopy of the Note and of this Mortgage at the tune of e~zecntion or after
recordation hereoL
1?.1~saafer of the Property; Asanmption. U all or any part of the Property or as interest therein is sold or transferred by Borrower
without Lender's prior written consent, excluding (a) the creation of a lien or encumbrance snbordinste to this Mortgage, (b) the creation oaf a
purchase money eecarity interest for honsehoW appliances, (c) a tranefs by devise, descent or by operation of law upon the death of s joint
tenant or (d) the grant of any leasehold interes! of three years or less not containing an option to purchase, Leader
c ~~edare all the same seasral by this Mortgage to be immediately due sad may, at Lends's option,
~ ' to thesaleor transfer, Linder and the Payable. Lender shall have waived such option to e?ooeleratei~ prior
person to whom We Property is to be sold ce transferred reach agreeasent in writing lhatthe creditof each
person is satisfactory to Lends and that the interest payable on the soma secured by this Mortgage shall be at sash rate as Leader shall
request. If Leader has waived the option to aooelarate provided in this paragraph 17. and if Borrower's successor in interest has esewted a
written assumption agreement accepted in writing by Leader. Leader shall rdease Borrower from aII obligations under this Mortgage and the
Note.
If Lender exercises such option to accelerate, Lends shall mail Borrows notice of eooderation in aooordanoe 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 snma declared
due. If Borrows Exits to pay such sums prior to the expiration of each period, Larder may. without farther notice or demand on Borrows,
invoke say remedies permitted by paragraoh 18 hereof
18. Acceleratbn; Remedies. Ezcept as provided in paragraph i? hereof, aeon Borrower's breech of aqy covenant or
agreement of Borrower io this )Mortgage, including the covenants to pay when due any anasssecured by this 1[ortgsge, Leader
prior to aa~eleratioa shall mail notice to Borrower as provided is paragraph 14 hereof spedfyin~ (1) the breach; (2) the action
required to cure each breach; (S) a date, not leas than 30 days !from the date the notice is mailed to Borrower, by which such
breach mast be cured; and (4) that failure to care such breach oa or before the dste spedfied in the aodce maq. result in
acceleration otthe sums secured by this 11[ortgage, foredowse by judicial proceeding and saleof the Property.T'he notice shall
further inform Borrower of the right to reinstate alter acceleration a~ the right to assert is the foreclosure prvoeedin~ the
non-esisteace of a defaak or any other defense of Borrower to acceleration and farecioeare. If the breach b not cured on or
before the date specified is the notice, Leader at Leader's option may declare all. of the sums secured by this Mortgage to be
immediately due and payable without fnrtherdemsad sad may foreclose this li[ortgage by judicial proceeding.Leader shall be
entitled to eolled in each prooceeding all ezpenses of foreclosure, including, but ~t limited to, reasonable attorney's fees. and
carte of documentary evidence, abstracts sad title reports.
19. Borrower's Right to Reinstate. Notwithstanding Lender's acaelsrrtion of the sears secured by this Mortgage. Bosrowsshall have
the right to have any proceedings begun by Lends to enforce this Mortgage discontinued at any time prior to entry of a judgment enforcing
this Mortgage iL (a) Borrower pays Larder all sums which would be then due Hader this Mortgage, the Note and notes secnriag Ifitan '
Advances, if any, had no aooeleration occurred; (b) Borrows cures aU breaches ofany other covenants or agteeaoents of Borrower contained in
this Mortgage; (c) Borrower pays all reasonable expenses incurred by Linder in enforcing the oovaaants and agreement of Borrower
contained in this Mortgage and in enforcing Leader's remedies as provMed in paragraph 18 hereof, iadnding, bat not limited to, r+easoaabis
attorney's fees; and (d) Borrower takes such action as Lender may reasonably require to erasure that the lies of this Mortgage, I.ends's interest
in the Property and Borrower's obligation to pay We sums secured by this Mortgage shall oontinne naimpaired. Upon such payment and cure
by Borrows. this Mortgage and the obligations secured hereby shall eemain in frill force and effect as if rw aooelsation bad occurred.
20. Assigaasent otRenta; Appointment of Iieoeiver. As additional security herenader, Borrower hereby assigns to Lender the rents
of the Property. provided that Borrows shall, prior to aooelsatioa under paragraph 18 hereof or abandonment of the Property, have the right
to collect and retain such rents au they become due and psyabk.
Upon aooekration ands paragraph 18 hereof or abandonment of the Propsty, Lender shall be entitled to have a reotivs appointed by a
oosrt to enterarpon, take possession of sad maasge the Property end to collect the rests of the Property, including those pest due. All rents
collected by the receiver shall be applied first to payment of the cords of management of the Property and oollecgioa of rests, including, bat not
limited t0. reaiver's fees. premiums on receiver's bonds and reasonable attorney's fees. and then to the sums secured by this Mortgage. The
receive shall be liable to account only for those rents actually received.
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