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8. Iaapsation. I.~d~r mqr auike or ca~us to bs mad~ t~wnabk ~ntria upon aad ia~pection~ of W~ pe~opetty. pe~odded that I~nd~ ahall
~iw Horeowee notias p:icr to any n~ uupection sPecib-in~ re~wnebls eawe thsr~fo~ related b IwadK'~ int~rat i~ t6~ Propre~r.
8. Condema~tloa.'!Le p~ooeed~ of say award or cleim ~or dama~e~, dinct ~ con~equentiat, in oonnectioa with aqy cond~maapon a
other tatiu~ of tla P~P~tI-. ae put thee~eof. or fo~ oonwyaaos ia liai of ooAdemaatioa. ar~ bersbY us~ned ~ad ~hdl b paid to Iwndee.
In tbe sveat of a toW t~ia~ oi the Proptity. the proaed~ ~hali be applied b Ws ~um~ sscnred by tLis Moet~~e, with tb~ acw. it W.
paid to Boermver. Ia ths a~t ot a pattial takla~ of the PropeA,y. nnloa Bo~owes and I.ender oth~wiM asres ia wiitin~. tb~ sball b~
upplied ~o the sums ~xvred by thi~ Mart~~s such proyatioa at tl~e proceed~ a~ i~ equd to tbat pro~portioa which the amau~t of Ws ~um~
~ecvred by thi~ Moct~a~e iiemedist~y prio~ to the daLe ot talring besrs to tbe foir masket valus oitbe Propsety imm~d'ut~y p~iot to t6e da~s a~
takin~. witb the balanos of the prucesd~ paid b Bosro~-es.
If tbe Propuqr i~ abandoned b~ Borroaar, os if. aRer notice by Leader to Bo~rowee tl~at tl~e ooademnor otf~s b malu ~n award or ~atW a
claim ~or dams~a. Boerower fai4 to respond to I.ender withi~a 30 days a!'~er the dats sach notioe ia mailed. I.e~da~ iu autlwrit~ed bo ooll~ct and
apply the psoaed~. at Lsader'~ optioa. eiWe: to restoration or repair of the pe~operty os b ths ~um~ ~ecured by thi~ Mart~+~.
UaleM I.snder and Borrower otherwi~e s~ree ia writing. any such application of proosed~ to principel shaU not estend or ~ tb~dw
dats of tbe montl~y i~utallmen~s refesred to in psra~raphs 1 snd 2 hereoi or dian~e tlis amount of snch installmenta. ~
10. Botrower Not Relea~ed. E:tenaion of the time for paymsnt or modification of amortisation of We sums ~ecured by Wis Mo~~e
granted by Lendar to any suooessor in interest of Borrower shall not operate to release. in any manaer. tha liability of the origiaal Bo~mwes
and Borrower's succesaois in interes~ I,ender shall not be required b oommenca proceedings against such suoces~ or refu~s to ~tead time
for payaaent or otherwise modify amortizatioa of the sums secvred by this Mortgage by reawn of aay demand made bq the ori~iaal Borrower
and Borrower's anooeeaors in iaterest.
I 1. Forbearanoe by Lender Not a Wdver. Any forbearanoe by I.ende~ in ezercising any right or reunec~y hereundez. or othe~vi~s
agorded by appticable law. ahall not be a waiver of or preclude Lhe e~cercise oi any such right or remedy. The procvrement of itu~uanoe ar the
paymant of ta:es ar otLer liens or charges by Lender ahall not be a waiver of Lender's right to aooelerate the aoaturity o~ the indebtedaer
eecured by this Mo~tgage.
12 Remedie~ Gtimulad~e. All remedies provided in this Moitgage sn diatinct and cumulative to any other:i~ht or remedy ander tbis
Mortgage or afforded bq law or equity. and may be ~ercise~i wncnn~ently, indep~d~dy or sncoasively.
13. Snooeasor~ and Aeaigns Bound: Joint and Several i.iability: CapNona. The cov~ant~ and agreementa he~rin oontaiaed ehall
bind. and the righta hereunder shall inun to. the respective sucoesaora and a~signs of Leader and Bon+o~rer. snbject to the p~ovisions af
paragraph 1? hereoi All oovenants and agreements of Borrower shall be joint and several. The captions aad hesdings of the paragrap~ at
lhis Mortgage are for covenienoe only and are not to be used to interpret ~ de5ne the pcovision~ hereof.
14. Notice. Except fa~ any notioe required under applicable law to be given in another manner. (a) aay natioe to Borrower provided for in
this Mortgage shall be given by mailing anch notioe by certified mail addreased to Borrower at the Propedy Ad~lnss or at sucl~ otbes addns~ o
Borrower may designate by notioe to Lender aa provided herein, and (b) any notice to Lender ehall bs give~ by certified mail~ retum receipt
reqneated, to Lender'e addreee atated herein or to such other addrees as Lend~ may designate by notioe to Borrower e~ pmvided henin. Any
notioe pmvided for in this Mortgage shall be deemed to have bcea given to Borro~ver or I.euder wh~ given in the manner de~igna~ed herein.
15. Uaiform Mortgage; Governing I.aw; Severabilitp.'ILis form of mortgage oombines uniform aovenanta fa national use and non-
unifo=m oovenants with limit~ed variadons by jnrisdiccion co oonstiwte a uniform sec~ity instn,ment oovering real property. ZLis Mortga~ei
ehall be governed by'the law of tbe juriadiction in ~vhich the Property ia located. In the event that any proviaion os daaee of tbi~Ma~tgage or
We Nate contlicta arith epplicable la~v. snch oonflict shall not affect other provisiona of this Mottgage or the Note wluch can be givan effed
w:thout the oonflictin~ pmvision, and to this end the proviaions of the Mortgage and the Note are declared to be severable.
16. Horrower's Copy. Borrower shall be furniahed a cronfoimed oopy of the Note and of this Mortgage at t6e time of esecution or after
recordation he~reof. ~
17. 'llranster of the Propertp; Assampdon. If all or any part of the Property or an interest therein is sold os transferrad by Borrower
'tbont Iende~s prior written oonsent, eucluding (a) the crearioa of a liea or eacumbranae subordinate w this Mortgage, (b) the creation ~ a
~.; purchase money seeurity iata~rest for hoasehold appliances. (c) a tranafer by devise. deaoent or by operation of law npon the death of a joint
~ tenant or (d) the grant of any leasehold interest of three yeara or leas not oontaining an option b pnrchasa. Lender may. at Lendfx's option~
, declan all the auma secnrea by this Mortgage to be immediately due and payable. I.ender ahall have wraived sach option to aooelerate if. pria~
,, to ihe sale or tranafer, Lender and the person to w+hom the Property is to be eold or transferred reach agn~emmt ia writing thatthe enditof snch
",'~ peraon ia aatiefactory to Lender and that the interest payable on the auma secnred by this Mortgage ahall be at snch rate as I~ender ehall
~ request. If I.ender has waived the option to socelerate provided in thia paragraph 17, snd if Borrowa'e saacessor in intereat hes ezecuted a
written assamption agreement accepted in writing by Lender, Lender ahall releaee Borrower from all obligations nnder this Mo~igage aad the
Note
If Lender ~erciaes such option to accelerate, I.ender ahall mail Borrower aotice of aocele~ation in aooordence with paragraph 14 hereoi
Such notice ahall provide a period of aot leas than 30 daya from the date the notice ia mailed within which Borrower may pay the anms declared
due. If Borrower fails to pay such sums prior to the e:piration of anch period. I.ender may. without further notice or demand on $orrowa,
u~voke any remediee permitted by paragraoh 18 hereof.
18. Aoceleration; Remediea. Ezcept as provided ia paragraph 17 hereof, upon Bonower's breach of aqy ooven~nt or
agreement o[Bortower in this Mortgage, including t6e oovenants to pay w~hen due any sum~ secnred by this ldort~a~e. Leader
prior to aa;eleratton shall mail notice to Borrower as provided in paragrap614 hereof epecif~-ing: (1) the breach; (2) the ection
required to cure euch breach; (3) a date, not leas then 30 days from the date the notice L mailed to Borrow-er, b~ ~vhich sach
breach must be cured; and (4) that failure to cnre euch breach on or before the date spectfied in the notice ma~r rewlt in
soceleraNon of W e sume secnred by this Mortgage, foreclosure by jndicial prooeeding and sale of the Property. T6e notioe shall
t~rther in[orm Borrower of the right to reinatate aRer soceleration aad the rt~ht to aesert in the foreclaatre proceedin~ the
non-ezisteace of a default or any other defense of Borrower to aoceleration and foreclosure. If t6e breach Is not cared on or
before the date specified in the notice, Lender at Lender'e option may declare all of the sums secured b~ this l~ort~a~e to be
immediately dae and payable without turther demand and may foreclose thia D~ortga~e bp judicial prooeeding. I,ender shall be
entitled to oolled in such proceeding all espenaes of foreclosure, including, but not limited to. reawnable attorney'~ fees, aad
oosta of documentary evidence. abetracts and titte reporte.
19. Borrow-er'~ Right to Relnstate. Notwithetanding Lendei s acceleration of the sams secared by this Mortgage, Horrower sh4ll hsve
the right to have any proceedings begun by Lender to enforce this Mortgage diacontinued at any time prior to entry of a judgmeat enforcin~
thia Mortgage if: (a) Borruwer pay~ Lender all aams which would be then dne under this Mortgage, the Note and notes sscuring Phtore
Advances~ if any. had no aoceleration oocurred; (b) Borrower cnres all breachea of any otha oovenant~ or agreemmts of Barrower oontained in
this Mortgage; (c) Borrower pays all reasonable e:penaea incurred by Lender in enforcing tbe oovenanta a~ agreemeata of Bore+ower
oonteined in thu Mortgage and in eaforcing I.ender'e remediee as pmvided in paragraph 18 hereo~ including. bnt not limited to. rea~ooab~s
attorney's fee~; and (~ Borrowa takea such action ae Lender may reASOnably reqnire to asrnn that the lien of this Ma~tgag~ Leadd~ intere~t
iu the Pmperty and Borrower'~ obligation to pay the enms secured by this Mortgage shall oontinne nnimpaired. Upon ~nch payment and care
by Borm~va, thi~ Mo~rtgage end the obligations sewred hrreby shall semain in full force and eNect as if ~ aooelaation had oocntred.
20. Assignment of Rents; Appointment of Receiver. As additiona! security hereunder. Borrower haeby assigo~ fo I.eader tberenta
oithe Property, provided that Borrower ahall. prior to acoeleration under paragraph 18 hereof ar abandonm~t of the Property, have tbe right
to oolled and retain euch nnb as they ~ecome due and payable.
Upon acceleration under paragraph 18 hereof or abandonment of the Property, Lender ahall be entiUed to have a reoeiv~ appointed by a
oonrt to enter.opon, take poseession of and manage the Property and to ooUect the rents of the Property, includinQ those past dne. All r~b
oulla,~ted by the reoeiver shall be applied first to payment of the oosts of management of the Property and oollection of reats, including, ~t not
limited to, reoeiver's fees. premiams on reoeivst's boada and reasonable attorney'e fees, snd Wen to We anma aecnred bi- tlw Mort~a~e.'Plre
reoeiver s6a11 be liable to aooonnt only for thoee nnts actually reoeived. ~
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