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8. Inspection. Lender may make or cause to be made reasonable entries upon and inspections of the property, provided that Lender shall
kive Borrower notice prior to any such inspection specifying reasonable cause therefor related to l.ender'e interest in the Property.
9. Condemnation. The proceeds of any award or claim for damages, direct or consequential, in connection with any condemnation or
other taking of the property, ar part thereof, or for conveyance in lieu of condemnation, are hereby assigned and shall be paid to !.ender.
In the evert of a total taking of the Property, the proceeds shat! be applied to the sums secured by this Mortgage, with the excess, if any,
paid to Borrower. In the event of a partial taking of the Property, unless Borrower and !.ender otherwise agree in writing, there shall be
applied to the sums secured by this Mortgage such proportion of the proceeds as is equal to that proportion which the amount of the soma
wcrttred by this Mortgage immediately prior to the date of taking bears W the fair market value ottee Property immediately prior to the date of
taking, with the b++lanca of the proceeds paid to Borrower.
If the Property is abandoned by Borrower, or if,after no/ice by !.ender to Borrower that the condemnor offers to make an award or settle a
?•1:?im for damages, Borrower fails to respond to Lender within 30 days after the date such notice is mailed, Lender is authorized to collect and
:?pply the proceeds, at Ixndei a option, either to restoration or repair of the property or to the sums secured by this Mortgage.
Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend or postpone the due
?1:?te of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of such installments.
lU. Borrower Not Released. Extension of the time for pay tn:nt or modification of amortization of the sums secured by this Mortgage
granted by lender to any successor in interest of Borrower shall not operate to release, in any manner, the liability of the original &,rrower
:u,d Bom,wer's successors in interest. !.ender shall not t,e required to commenrn proceedings against such successor or refuse tt? extend time
f..r payment or otherwise m+xlity amortization of the sums soured by this Mortgage by reasr,n of any demand made by theoriginal Borrower
:uu1 ll+,rn,wer's succes.+r,rs in inten~;t.
11. Forbearance by Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or otherwise
u ffordcd by applicaule law, shall not be a waiver of or preclude the exercise of any such right or remedy. The procurement of insurance or the
l,:?yment of taxes or other liens or charges by Ixnder shall not be a waiver of Ixnder's right to accelerate the maturity of the indebtedness
.?•r•ured by this Mortgage. s
12. Remedies Cumulative. All remedies provided in this Mortgage are distinct and cumulative to any other right or re~iedy under this
'~lortrage or afforded by law or equity, and may be exerciser) concurrently, independently or successively.
13. Successors and Assigns Bound; Joint and Several Liability; Captions. 7't+e covenants and agreements herein rnntained shall
Lind, and the rights hereunder shall inure to, the respective successors and assigns of Lender and Borrower, subject to the provisions of
par.?graph 1? hereof. All covenants and agreements of Borrower shall be joint and several. The captions and headings of the paragraphs of
this Mortgage are for co~•enience only and are not to be used to interpret or define the provisions hereof.
14. Notice. Except for any notice nrluired under applicable law to I,e Riven in nnoth-rr manner, la) any Holier to l;<,rrower provided for in
t h i ~ Mortgage shall be given by mailing such notice by certified mail addressed Io.ISorrower at the Property Address or at such other address as
Iturn,wer may designate by notice to !.ender as provided herein, and Ib) any notice to Lender shall be given by certified mail, return receipt
r~,tuested, to Lender's address stated herein or to such other address as :.ender may designate by notice to Borrower as provided herein. Any
n. Mice provided for in this Mortgage shall be deemed to have been given to l3orn,wer or Lender when given in the manner designated herein.
1:,. l?niform Mortgage; Governing I.aw; Severability. This form of mortgage combines uniform rnvenants for national use and non-
e niforn+ ctiwenants with limited variations by jurisdiction to rnnstitute a uniform security instrument covering real property. This Mortgage
hall t,e g„verncd by the law of the jurisdiMion in which the Property is located- In the event that any provision or clause of this Mortgage or
th?• tiote conflicts with applicable law, such conflict shall not affect other provisions of this Mortgage or the Note which can be given effect
~cithuut the conflicting provision, and to this end the provisions of the Mortgage and the Note are declared tq be severable.
!fi. Borrower's Copy. Borrower shall be furnished a conformed copy of the Note and otthis Mortgage at the time of execution or after
recordation hereof.
17. Transfer of the Property; Assumption. If all or any part of the Property or an interest therein is sold or transferred by Borrower
w ithuut Ixnder' prior written consent, excluding (a) the creation of a lien or encumbrance sot,ordinate to this Mortgage, (b) the creation of a
purchase money security interest for household appliances, Icl a transfer by devise, dscent or by operation of law upnn the death of a joint _
t,•nant or Id) the grant of any leasehold interest of three years or less not con4•+ining an option to purchase, !.ender may, at Lender
8 option,
a~•clare all the sums secured by this Mortgage :o be immediately due and payable. Lender shall have waived such option to accelerate if, prior
t. ~ the saleor transfer, Ixnder and the person to whom the Property is to be sold or transferred reach agreement in writing that thecredit ofsuch
p~•r.on is satisfacton• to Ixnder and that the interest payable on the sums securc±l by this Mortgage shall be at such rate as Ixnder shall
re•yuest. If Ixnder has waiver! the option to ac_crlera/e provided in this paragraph ; 7, and if Borrower s successor in interest has extruted a
~ ntten :ctisumpUun agreement accepted in writing by Ixnder. Ixndershal) rele:u:e Borrower from a!1 obligations underthis Mortgageand the
\nte.
If Lender exercises such option to accelerate. Ixnder shall mail Borrower notim of acceleration in accordance with paragraph t4 hereof.
`loch Holier shall pnwide a periorlof not less than 3l1 days from thed::te the, notice is mailer! within which Born?wer may paythesumsdedared
~h,e. If Borrower f:?ils to pay such sum:: prior to the expiration of xuch peri,xl, Ixnder may, without further notim or demand on lorrower,
im~oke any remedies permitted by par.?gr.+uh 1K here~,f.
18. Acceleration; Remedies. Except as provided in paragraph 1? hereof. upon Borrower's breach of any covenant or
agreement of Borrower in this Mortgage. including the covenants to pay when dueany sumssecured by this Mortgage. Lender
t,rior to acceleration shall mail notice to Borrower as provided in paragraph 14 hereofapecifying: (1?the breacb;(2) the action
rerluired to cure such breach; (3) a date. not leas than 30 days from the date the notice is mailed to Borrower, by which such
t,re•ach must be cured; and 14) that failure to cure such breach on or before the date specified in the notice may result in
acceleration of the sums secured by this Mortgage. foreclosure by judicial proceeding and sale of the Property. The notice shall
further inform Borrower otthe right to reinstate aRer acceleration and the right to assert in the foreclosure proceeding the
non-existence of a default or any other defense of Borrower to acceleration and foreclosure. If the breach is not cured on or
tx•fore the date specified in the notice, !.ender at Lender's option may declare all of the sums secured by this Mortgage to be
i mmediately due and payable without furtherdemand and may foreclose this Mortgage by judicial proceeding. Lender shall be
+•ntitled to collect in such proceeding all expenses ottoreclosure.including. but not limited to, reasonable attorney's tees, and
:•osts of documentan evidence. abstracts and title reports.
19. Borrower's Right to Reinstate. Notwiihsk+nding lxnder's acceleration otthesums secured by this Mortgage, Borrower shall have j
the right to have any proceedings begun by [.ender to enforce this Mortgage discontinued at any time prior to entry of a judgment enforcing f
r this Mortgage if: (a) Borrower pays Ixnder all sums which would be then due under this Mortgage, the Note and notes securing Future
~ Advances, it any, had no acceleration occurred; (h) Borrower cures all breaches of any oWercovenantsor agreements of Borrower contained in
this Mortgage; lc) Borrower pays all reasonable expenses incurred by Ixnder in enforcing the covenants and agreements of Borrower
contained in this Mortgage and in enforcing Lender's remedies as provided in paragraph 18 hereof, including, but not limited to, reasonable
~ attorney's fees; and Id? Borrower takes such action as Ixnder may rea.ROnably require to assure that the lien of this Mortgage, Ixnder's interest
in the Property and Borrower's obligation to pay the sums secured by this Mortgage shall continue unimpaired. Upon such payment and cure
i,y Borrower, this Mortgage and the obligations secured hereby shall remain in full force and effect as if no acceleration had occurred.
20. Assignment of Rents; Appointment of Receiver. As additional security hereunder, Borrower hereby assigns to Lender the rents
.,f the Property, provided that Borrower shall, prior to acceleration under paragraph IS hereof or abandonment of the Property, have the right
to collect and retain such rents as they become due and payable.
lJpon acceleration under paragraph 18 hereof or abandonment of the Property, Lender shall be entitled to have a receiver appointed by a
c„urt to enter-upon, take possession of and manage the Property and to collect the rents of the Property, including those past due. All rents
collected by the receiver shall be applied firaCto payment ottbe costa of managementof the Property and collection of rents, including, but not
limited to, receiver's tees, premiums on receiver's bonds and reasonable attorney's tees, and then to the sums secured by this Mortgage. The
receiver shall be liable to acrnunt only for those rents aMually received.
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