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8. Iaspectlon. Lender may make or cause to be made reasonable entries opoa and inspections dthe property. P'~~ thatLer~der shall
give Borrower notice prior to any such inspection specifying reaaoaabie cosec therdor related to Lsndtrs inteed in the Ptoper4.
9. Coademnation.'ll~e proceeds d any award or claim for damages, direct a oDnseQaeatial. in oonaeciion with nay ooadrmoation or
other taking d the property, or part thereof, or for conveyance in Lisa d ooodemaatian. are hereby assiigoed and shall be paid to Lender.
In the event of a total ts3cins of the Property. the proceeds shall be applied b the Sams seared by this Mortgage, with the esxsa, iiagy,
paid to Borrower. In We event d a partial takng of the Property, unless Bonvw'e* acct Lader otherwise awes is writing, there shall be
applied to the sums second by this Mortgage such proportion d the pooeeds as is eqd to that prppartioa which the amoomt d the soma
second by this Mortgage immediately pries to the date d taking bears to the fair marled vahie dthe Prpperb immedaaeeb/ prior to the date d
taking. with We balance d the proceeds paid to Borrower.
If the Property is abandoned by Borrows. or ~ after online by Leader to Harrower that the oondemnoroRers to mate an award a aettie a
claim for damages, Borrower fails to respond to Linder within 30 days after the date sorb aolice is mailed. Lender is aatlwrimd bool)ed sad
apply the proceeds, at Lenders option, eiWer b rerdoration or repair d the property a /o the name aeeared by this MoettsR
Unless Lender and Borrows otherwise ague is writing. nay such application dprvoeeds b principal abaB note:tmd err postpone tLe ds~e
date of the monthly installments referred to in paragraphs 1 and 2 hereof err dwrge the amomt d arch installmenb.
10. Borrower Not Released. F~tenrion d the time for payment err modification damortization dthe soma second by this Mortgage
granted by Lender to any successor in interest of Borrower ahaU not opeate to release, is any manner. the >iabr7ity dtbe original Borrower
and Borrower's auccesson in interest Lender shall not be required to eommmce ppaedinga against loch soooeaaor or refine to etctmd time
for payment or otherwise modify amortization of the sums severed by this Mortgage by reason d any demand made by theorrgrnal Borrower
and Borrower
s successors in interest
11. Forbearance by Lender Not a Waiver. Any forbsranee by Linder in eze+osir~g any right err eemedY heewode; or otherwise
afforded by applicable law, shall not be a waiver of or preclude the exercise d any soeh right a remedy. The procwremmt dinsarance err the
payment of tares or other liens or charges by Lender shall not be a waiver d Lender's right to aooderate the maturity d the indeblednew
secured by this Mortgage.
12 Remedies C,rmnlative. All remedies provided in thin Mortgage are distinct sad amclative to any other right a remedy ender this
Mortgage or afforded by law or equity, and may be e:er~secl ooncarrently. independently or soooeaavdy.
13. Soooeesors and Assigns Bound: Joint and Several Liability; Captioos.'ibe ooveaaats and agreements herein contained shall
bind, and the rights hereunder shall inure b, the respective auooesson sad assigns d Lender and Aorrvwer, sabjed to the provisions d
paragnpb 17 hereof. All covenants and agreements of Borrower shall be joint and several- The captions and headings dtbe paragraphs d
this Mortgage an for oovenience only and are not to be used to interprd err define the provisions hereof
1 i. Kosice. Exoe~ for any notice required under applicable law to be given in anothe manner. (a) any notice to BoR'o'w'er provided for in
this blartgageahall be given by mailing such notice by oeti5ed mail addressed to Borroweratt~ePropartyAddnwsoratsoehotheraddreas as
Borrower may designate by notice to Linder as provided herein, and (b) any notice to I.mder shall be given by certified marl. retorn receipt
requested. to Lender's address stated herein err to such other addrss as Lender may designate by notice to Borrower sa provided herrin. flay
notice provided for in this Mortgage shall be deemed to have hem given to Borrower or Linder whin even in the manner designated beeia_
1 ra Uniform Mortgage; Governing Law; Severability. This form of mortgage combines anifarm covenants far national aaeand goo-
uniform covenants with limited variations by jarisdidion to oonatitnte a uniform security iadro®eat covering real peoperty_ This Mortgage
shall be governed by the law of the jurisdiction in which the Property is located. In the event that any povitvon or clones dtbis Mortgage a
the Note conflicts with applicable law, such conflict shall red affect other provisions d this Mortgage a the Note which can be given efled
without the conflicting provision, and to this and the provisions of the Mortgage and the Note are declared to be severable.
16. Borrower's Copy. Borrower shall be furnished a conformed Dopy d the Note and of this Mortgage at the time dexeation err after
recordation hereof.
17. Transfer of the Property: Assumption. If all or any part of the Property err an interest therein is soW err traarfeeed by Borrower
without Linder
a prior written consent. ezcluding (e) the creation of a lies or eacambranee subordinate to this Mortgage; (b) the creation d a
purchase money security interest for household applianoea, (c) a transfer by devise, desomt or by operation d law aeon the death der joint
tenant ce cell the grant of any leasehold internal d three yearn or less not containing an option to p~anhase, Leadr: may, at Iandei
s optim.
declare aII the arms secured by thin Mortgage to be immediately due and payable- Lender shall have waived such option to aoodeale if, prior
~ to the saleor transfer, Lender and the person to whom the Property is to be sold a tranderred reach agreement in writing that the ereditdsoch
~ person is satisfactory to Lender and that the interest payable on the arms secured by this Mortgage shall be at such rate as Linder shall
~ request If Lender has waived the option to accelerate provided in this paragraph 17, and if Borrower
s aaooessor in iatered bas executed a
I written assumption agreement accepted in writing by Lender. Linder shall release Borrower from all obligations anderthis Mortgage and the
Note.
If Leader e:erciaee such option to accelerate. Lender shall mail Borrower notice of aeoderation in aeoardance with paragraph 14 beeoi
Such notice shall provide a period of not less than 30 days from the date the notice is tLailed within which Borrower may pay tbesams declared
f due. If Barrow~er fails to pay such sums prior to the expvation of wdc period. Leader may. without farther notice err demand as Borrower
invoke any remedies permitted by paragraph 18 hereoL
18ti Acceleration; Remedies. Except as provided in paragraph 1? hereof. upon Borrower's breach of any covenant or
agreeae~ct of Borrower in this Mortgage, including the covenants to pay whin doe any none aeoared by this Mortgage.lmder
prior ss? aoederatioa shall mail notice to Borrower as provided in paragraph 14 hereof apedfj?inF (1) the br+eae~ (Y) the action
required to care such breach; (S) a date. not less than 30 days Gross the date the notice is mailed to Borrower. b7 which s~
breach ss¦st be cured; and (4) that failure to cure arch breach on or before the date spedfied in the octane aaq resuK in
acceleration of the sums secured by this Mortgage. foreclosure by judicial proceeding sad sale of the Pr+operty.The notice shall
further i.rforta Borrower of the right to reinstate after acceleration and the right to assert in the foredowre proceeding the
non-e:tistctaoe of a default or nay other defense of Borrower to acceleration sad far+edoser+e. If the breach is red aired on a
before the date specified in the notice. Lender sd Lender's op~tioo may declare aB of the rims aeoared by this Mortgagoe to bt
immediasely due and payable without further demand and may foreclose this Mortgageby judicial proceeding.Lender shall be
entitled to collect in such proceeding all a:penses of foreclosure. including. bat not limited to, reasonable attorney's fees. sad
costs of documentary evidence. abstracts and title reports.
19. Borrower's flight to Reinsta~e. Notwithstanding Lender's aoeekratioa of the sums secured by thin Mortgage. Borrower shall have
the right to have any proceedings begun by Lender to enforce this Mortgage disoontinped at nay time prior to catty der jwdgmmt enfarang
this Marsgage iL (a) Borrower pays Lender all sums which would be thin doe under this Mortgage; the Note and notes aecwring flstme
Advaaoes, if nay, had no aooderation oo~vrred: (b) Borrower area aB breadka of any otheroaveaaatsar apecmmts dBarrower omtaiced in
this Mortgage: (c) Borrower pays all reasonable e:peaw inc~rrred by Leader in mforvng the covenants and agreements d Borrower
contained in this Mortgage and in enforcing Leader's remedies as provided is paragraph 18 ~ indadiag. bat not limited to. reasooabie
attorney's fees: and (d) Borrower tales such adios a. Lender may reasonably require to assure that the6m dthis Martpg~ I~nde:'s infest
in We Property and Borrower's obligation to pay the sums secured by this Mortgage shall oontinae aaimpaired. Upon each prUrmeat and ate
by Borrower. this Mortgage and the obligations seared hereby shall remain in Poll torcx and effect err if no aoae3eration bad aoearred_
2Q Assignment of Rents; Appointment of Receiver. As additional scarify hereunde, Borrower hre+eby assigns b leader the rents
thatBorrowrershaU.Priortoaooelerati~anderparagrap518hereoiorabandonmentdtbePropQty.havetberigbt '
of the Property. provided
to Dolled and retain such ants a. they become doe and payable.
Upon aooekntion ender paragraph 18 hereof a abandonment of the Property. Leader shall be entitled to have a receiver appointed by a
court to enter upon. take possession of and manage the Property and to collect the ants d the Property. inclwding those part dwa AB rents
collected by the receiver shall be applied first to payment of the costs of management dthe Property sad collection demts. iadtidiag,bat ad
limited to; receiver's fees. premiums on receive i bonds sad reasonable attorneys tees. and thin to the same seared by this Mortgage. The
receiver shall be liable to aoDOUnt Daly for those rents actually received.
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