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ti. Inspection. Lender may make or cause to be made reiu+c,nable entries ulwn and inepectiuna of the propeNy,provided that Lender shall
give 13om?wer notice prior to any such inspection specifying reasonable rouse therefor related to I.endrr'a interest in the Properly.
9. Condemnation. The praeeds of any award or claim for damages, direct or conaeyurntial, in connection with any rnndemnuliun ur
ether ti+king of the property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned and shall be paid to Lender.
In the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Mortgage, with the excc>as, if any,
paid to Burrower. In the event of a partial taking of the Property, unless Burrower and Lender otherwise agree in writing, there shall be
applied to the auma secured by this Mortgage such proportion of the proc+.rds as is equal to that proportion which the amount of the auma
~+•cured by this Mortgage immediately prior to the date of taking bears to the fair market value of the Property immediately priorto the date of
?:+king, with the balance of the proceeds paid to Borrower.
If the Property is abandoned by Burrower, or if, after notice by bender to Borrower That the cc,ndemnoroffera to make an award or settle a
+ laim for damages, Born,wer fails to respond to Lender within all days after the dale such notice is mailed, Lender is authorized to collect and
:+pply the proceeds, at Ixnder's option, either W restoration or repair ~f 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 nut extend or postpone the due
date of the monthly installments referred to in paragraphs 1 and `l herer,f or change the amount of such installments.
10. Borrower Not Released. Extension of the time fi,r paym ant ur modification of amortiz:+tion of the sums secured by Chia Mortgage
;;ranted by Ixnder to ilny BU(YY'sw,r in interest of Bc,rn,wer shall not upc•rate to release, in any manner, the liability of the original Burrower
.uul lk,rruwer's successors in interest. Under shall nut 1?c> re>yuind to rnmme•nce pnx•e>rdingx against such succcssur ur refuse to extend time
f..r p:+ynu•nt ur otherwise malify :unorlirution of the sums scc•und b}• this Mortgage by reason of any demand made by theoriginal Borrower
:u:d Borrower's successors in interest.
L Forbearance by Ixnder Not a Waiver Any fi,rtxarance by Ixnder in exercising any right or remedy hereunder, or otherwise
.+fforded by applic•uble law, shall not t,c• a waiver of or preclude the exercise of any such right or n rnedy. The procurement of insurance or the
payment of taxes or other liens or charges by Ixnder shall not be a waiver of Lender's right to accelerate the maturity of the indebtedness
~+r•und by this Mortgi+ge.
1 Remedies Cumulative. All remedies provided in this Mortgage are distinct and cumulative to any other right or remedy under this
\fortrage or afforded by law or equity, and may be exercised concurrently, independently or auccesaively.
i a. Successors and Assigns Bound; Joint and Severs! Liability; Captions. The covenants and agreements herein a,ntained shall
haul, and the rights hereunder shall inure to, the respective successors and assigns of Lender and }iurn,wer, subject to the provisions of
par.+gr.,ph 17 hereof. All covenants and agreemenw of Kc,rn,wer shall i,e joint and several. The captions and headings of the paragraphs of
this Mortgage are for ctin•enience only and are not to be used to interpret ur define the provisions hereof.
1 a. Notice. Exn•pt for any nuticr nvtuind under applicable law to Ix> given in another manner, tat any nutic•e to Itnrn,vver provided for in
t!+is Mortgage shall begiven by mailing such notice by certified mail addressed to 43orrower at the Property Address or at such other address as
}t. ~rn,wer ma}• designate by notice to Lender as provided herein, and Ibl any nuticr to Lender shall be given by certified mail, return receipt
nyt orated, to I,c•nder's address stated hen in or to such other address as Lender may designate by notice to Korrower as provided herein. Any
n. ~hce provided fi,r in this Mortgage shall be deemed to have txrn given to Itc,rrower or Lender when {,wen in the manner designated herein.
15. Uniform ,'Mortgage; Governing Law; `eversbility. This form of mor!gage• combines uniform rnvenants for national usrand nun-
niform covenants with limited variations by jurisdiction to crmstitute a uniform security instrument cY.vrring real property. T~+is Mortgage
>hall t,e governed l,y the law of the jurisdic•tiun in which the Property is h,catcd. In the event that any provision ur clause of this 1lcxtgage or _
? h+• `ate c•unflicts with applicable law, such conflict shall not affect other provisions of this Mortgage ur the Note which can be given effect
ithuut the cti,nflic•ting pn,visiun, and to this end the provisions of the Mortgage and the :Vote are declared to I,c• scwer.+Me.
16. Borrower's Copy. Born,wer shall I,e furnished a conformed c(,py of the \ote and of thin Mortgage ut the time of execution or after
n•coniution here:c,f.
17. Transfer of the Property; Assumption. If all or any part of thc• Prupe•rty or an interest therein is sold ur transfernd by Burrower
~ti about la•nder•:-: prior written consent, excluding lal the creation of a lien or rncumhrancr sutwrdin:+te to this Mortgage, lbl the creation of a
,n+re•hase money sc:c•urity interest for household appliances, Ic) a transfer by devise, descent or by operation of law upon the death of a joint
?~•nant or Id? the grant of any leasehold interest of three years or Tess not rnntaining an option to purchase, Lender may, at Lender's option,
~!+•rlare all the sums securer by this Mortgage to t?c• immediately due and payable. bender shall have waived such option to accelerate if, prior
t ~ ~ the sale or transfer, Ixnder and the person to whom the 1'rol,c•rty is to Ixr sold or transferred reach agreement in v.•riting that thec•redit of such
I, ;~•~r,on is satisfuc•tory to Ixnder and that !he• interest p:+yable• un the sums second by this Murtga{;e shall bc• at such rate :+s Ixnder shall
'I n•~tuc•st. If Ixnder has K'iilwed the option to acce•ler.+te provided in this paraKraph ! :+nd if 13c,m,v.•er's sucressur in interest has executed a
•.+rutrn assumption agn•c•ment acc-c•pte•d in writing by Ixnder• I.c•ndershall relrasc•liorrowerfrom allobligatiunsunderthisMortgagr:+ndthe
\;•te.
i 1 f Ixnder exercises such option to accrler.+te. Ixnder shall mat) liorruwer notice of acceleration in :+mrrdanm with paragraph 14 hereof.
~u+ h nuticr shall pn,vidc• a pc•ri„d of not Ic:ss than :3t1 days from ihrdate the notices is rr.aihd within which Borrower may pay the sums declared
~hce+•. If Burrower fails to pay such sums prior to the expiratiun.,f.;uch perice,cel. Ixnder may, without further nuticr ur demand on lice,rruwer,
~n~•oke any rem:•dic•s permitted by paragraph Ix hrre•cd.
Iti. Acceleration; Remedies. Except as provided in paragraph 1 : hereof. uNon Borrower's breach of any covenant or
ugnement of Borrower in this Mortgage. including the covenants to pay when due any sumasecured by this Mortgage. Lender
prior to acceleration shall mail notice to Borrower as provided in paragraph 14 hereofapecifying:ll?the breach;l2)theaction _
rcyuired to cure such breach; (a) s dale. not less than 3l1 Jaya from the: date the notice is mailed to Borrower. by which such
hn•ach must be cumd; and (41 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 of the right to reinstate after acceleration and the right to assert in the foreclosure proceeding the
non-existence ota default or any other defense of Borrower to acceleration and foreclosure. If the breach is not cured on or
hefur~ the date specified in the notice. Lender st Lender's option may declare all of the sums secured by this :Mortgage to be `
i mmediately due, sod payable without furtherdemand and may fi+reclose thin Mortgage by judicial proceeding. Lender shall be
cot itled to collect in such proceeding all expenses of foreclosure. including. but not limited to. reasonable attorney's tees. and
a costs of documentary evidence. abstracts sod title reports.
19. Borrower's Right to Reinstate. Notwithstanding Ixnder's acceleration of thesumssecured by this 1liortgage, I3orruwershall have
the right to have any proceedings begun by Ixnder to enforce this Mortgage discontinued at any time prior to entry of a ?udgment enforcing
t~is Mortgage if: tat lic;rrower pays Ixnder all sums which would be thee. due under this Mortgage, the Note and notes securing Nature +
:\dvances, if any, had no acceleration occurred; Ibl Born,wer cures all breaches of any othercovenanta or agreements of Burrower contained in
this ;1lurtgage; [c1 Burrower pays all reasonable expenses incurred by Ixnder in enforcing the covenants and agreements of Borrower `s,
c ce•ontained in this Mortgage and in enforcing Ixnder's remedies as provided in paragraph lA hereof, including, but not limited to, reasonable
? attorney's fees; and tdI F3orrower takes such action as Ixnder may reasi,nably require to assure that the lien of this Mortgage, Ixnder's interest
in the Property and Borrower's obligation W pay the sums secured by this Mortgage shall continue unimpaired. Upon such payment and cure
~ 4,v Burrower, this Mortgage and the obligations secured hereby shall remain in fait force and effect as if nu acceleration had occurred.
! `lQ. Assignment of Rents; Appointment of Receiver. As additional security hereunder, Burrower hereby assigns to Lender the rents
.,f the Property, provided that 13orn,wer shall, prior to acceleration under paragraph 1 R hereof orabandonment of the Property, have the right
tr, collect and ret<-+in such rents as they become due and payable.
Upon acceleration under paragraph IS hereof or abandonment of the Property. Ixndershall be entitled to have a receiver appointed by a
e•uurt G, enter upvn, take possession of and manage the Property and to collect the rents of the Property, including those past due. Ali rents
ce•ce,llected by the receiver shall be applied first to payment of the n,sts of management of the Property and collection of rents, including, but not
limited to, receiver's Ices, premiums on receiver's bonds and reasonable attomey's fees, and then W the auma secured by this Mortgage. The
receiver shall be liable tr? account only fur those rents actually received.
~~K~4~ t'~rt~fjrjQ
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