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8. Inapsction. I.ead~s m Wr make or c~aae to be a~ade e+sa~oAabk entrie~ upon and inapection~ of the properfy. Provided t~hat Lend~r ~h~ll
~ive Borrowee notios prioc 1o aay suc.h inipection speci~rin~ r~uonabk csuss eh~efoc relst~sd to Lsnde~'~ int~rat in tM Pt~opu4y.
9. Caademnatlo~.'lUe pcooeed~ o! any a~rard or claim for damaQes. direct or coasequeietial, in connection with aqy aoademnaNon a
Ml~e~ ta~ia~ ot ths P~P~tY. ar paet thareoi. or f~ conveyance ia lieu of oondem~atio0. an he~eby aMi~oed aad ~hall b~ paid b Iwndec
In We event of a btal ta,kins oi tbe Propaty. the pcooeed~ shaU be applied to the ~um~ secured by thia Matsa~s. wlth the ezoeM. if aq~r.
paid to Borrower. I~a the evea! of s partisl talring of the Propert~r. aales~ Boerower and Leade~ othenri~e a~ree ia writla~~ tMre shall b~
applied to We sums ~ecured by tbi~ Ma~t~a~s wch proportion of the proceed~ as u equal eo that propo~tioa ~vhich We amount at the ~nm~
secand by tbis Mort~age iiemediately prios to tbe date of eaking beaes b the fair market value of the Property immedistel,y ptio: to tbs dais ol
taian8. with the balanoa of the prooeed~ Paid to Borrow+er.
Ii We Proye~ty i~ abandoned by Bore~o~r, or ii. aRer notioe by Lender to Borrower that the condemnos o~ers to make an ~werd or ~ettb a
clai~p for dama~es, Aoreovrer isib b reepond to Leader within 30 days atter We date such notioe i~ aaailed, Leader u antborised b oolkct aad
apply the prooeeds. at I.ender'~ option. eithet b natoration or repair of the prope~rRy a~ to the ~nms secured by thi~ Mo:t~sp.
Unle~s Lmd~ and Bosrower oWerwi~e agree in ~vritiag. any auch application of pmcesds to priacipsl ~hall not e:tend ar po~tpoo~ tM dw
daLe of the o~onthu- installments reterred to ia ParagraPhs 1 and 2 hereof or change the amonnt of rnch iiutallmeots.
10. Borrower Not Released. Extensioa of the time for paymaat or modification of amortization of the sums ~ecured by tbis Mo~ap
granted by Lead~ to any succeasor in interest of Borrower ahall not operate to release. in any manner. the liability of the original Borrower
and Borrower's anoceseors ia interesk Lender ahall not be required to oommence proceedings against such suocwwr or refuse to est~end time
for payment or otherwise modify amortization of the auma secured by this Morigage by reason of any.~egd ywde by the origind Bomower
and Borrower s succeseoors in intereat. `' 3'
11. Forbearanoe b~ I.endar Not a Waiver. Any forbearance by I.~der in eset+cising any right ~ nmedy henunder. oe othecwi~s
agorded by appficable taw, shall not be a waiver of or preclude the exercise oi any anch right or nme~-.'1Le ~ocuremeat of insaranoe or ths
paymeat of ta:es ar oth~ lieas or charges by I.ender shalt aot be a waiver of Lender's right to aooelerate the maduity oi the iadebf~ednea
eecored by this Mottgage.
12 Remedies Cumulative. All rea~edies provided in thie Mortgage are distinct and cnmulative to ~ny other right or remedy nnd~ tbi~
Mortrage or afforded by lawr or eqnity. and m~y be e~cerciee~i ooncurrendy. independendy or auooe~sively.
13 Suocessors and Assigos Bound; Joint and Several Liability; Captions. The oovenants end a~reaneats ha~ein oontained ~hall
bind. and the righta here~nder shaU inure to, We reapective euoceesors and assigns of Leader and Bosower. subjed to the providons at
paragraph 1? hereot All oovenants and agreemeate of Borrower ahall be joint and sevezal. The captions and heading~ of the paragrap6a ot
this Mortgage are for oovenience only and an not to be used to interpret or de5ne the provisiotu hereoL
14. Notioe. Except for any notice required under applicable law to be given in another manner, (a) any noace ~o Bo~ro~ver provided fa~ in
thie Morfgage ehall be givea by mailing auch notice by certified mail addressed to Borrowes at the Property Adde~ees or at snch other addre~s a~
Borrovrer may deaignate by notioe to Lender as provided herein. and (b) any notiue to I.ender ahaU be given by oertified mail. ret~n reoeipt
requcsted, to Lender ~ addreae atated herein or to auch othez addrees se Lendez may deaigaate by notice to Borro~ver ea provided herein. Aqy
no~ce pzovided for in this Mortgage ahaU be deemed to have been given to Borrower or Lea-der ahea given in We mann~ designated herein.
15. Uniform ~lortgage; Governing I.aw; Severability. Thia form of mortgage combines uniform oovenanta far aational nse and non-
uniform oovenants wiLh limited variationa by jurisdiction to aonatitute a uniform eecurity inatrum~t wvering real psoperty. Thia Mortgage
ehaU be govemed by the law of the jurisdiction in which the Propedy ie located. In the event that any proviaion or clauee of tbis Mortgage ar
the Note conflicta with applicable law. anch conilict shall not affect other pmvisions of this Mottgage or the Note which can be givea effect
without the oonflicting pmviaion, and to this end the provisione of the Mortgege and the Note an declared to b4 eeverabl~
1& Borrower's Cupy. Borrower ahall be fumiahed a conformed oopy of the Note aad of this Mortgage at the time of Qecnt~n or aftar
reoordation heTeof.
17. Transfer of W e Property; Asanmption. If all or any part of the Property or an interest therein is sold or transferred bq Borrowez
withoat I.ender's prior arritten coaaenk excluding (a) the creation of a lien or encumbrance eubordiaate to this Mortgage. (b) the enation a~ a
~ pnrchase money eecurity interESt for household appliances, (c) a tranafer by deviee, deeoent or by operation of law npon the death of a joint
~ u.~naat or (d) the grant of any teseehold intereet of three years or lese nat oontaining an option b purchase. I.ende: may, at I,endds option,
~. \ declare all the sume eerurea by this Mortgage to be immediately due and payable. I.ender ahall have waived sach option to aooelerate if. pri~
' ~~ to the sale or tranafer. Lender and the person to whom the Property ia b be sold or transferr~ed reach agreement in writing that the creditof anch
-:~ person ie satisfactory to I.ender and that the interest payable on the aums secured by this Mortgage ahall be at auch rat~e as I.eader shall
`' request. If Lender has waived the option to aocelerate provided in thia paragraph 17. and if Borrowerrs euocessor in interest has e:ecuted a
writte~ assumption agreement socepted in writing by Lender, Lender shall releaee Borrower from all obligations nader this Mortgage and the
Note. . ~
If Lender ezercises such option to accelezate, Lendez shall mail Borrower nntice of acceleration in acoordance with paragraph 14 hereoL
Such notice shall provide a periad of not leas than 30 daya from the date the notice ia mailed within which Borrower may pay the sums declared
due. If Borrower fail$ to pay such sums prior to the expiration of auch period, Lender may, without fnrther notice or desnand on $orrower,
mvolce any remedies permitted by par~graoh 18 hereof.
18. Acceleration; Remedtea Ezcept as pr~ovided in paragraph 17 bereof, upon Borrower's breach ot any oovenant ar
agreement of Borrower in this Mortgage, iacluding the oovenante to pa,y when due any snms secured by thie ~[ort~age, I.eader
prior to aoceleration ehall mail notioe to Borrower as provided in paragraph 14 hereof apecityin~: (1) the breacb; (2) the actioa
required to cnre such breach; (3) a date, not lesa thaa 30 days from the dats the notic~+ b mailed to Borrower. bp wblch web
breach must be cured; and (4) that failure to cure such breach on or before the dete specifled In the notioe may ~esnlt in
aooeleration of the euma seisured by thie Mortgage, foreclosure by jndicial proceeding and eale of the Property. T6e notioa shsU
further inform Borrower of the rig6t to reinstate after soceleration and the rig6t to assert in the forecloeure proceedin~ the
non-ezistence of a default or any ot6er defense of Borrower to aoceleratlon and foreclosure. If the breac6 is not cnred on or
before the date specified in the notice. Lender at I.ender's option may declare all of the su~ns secured by this Mortga~e to be
immediately due and paysble without further demand and may [oreclose this Mortgage by judicial proceeding. I.ender shall be
entitled to wllect in auch proceeding all ezpensee of foreclosure. including, but not limited to. reaeonable attofney'o fees, smd
oosts of documentary evideace, abstracts and title reporte.
19. Borrower'e Aight to Reinatate. Notwithetanding Lendei s aooeleration of fhe sums eecured by this Mortgage. Borrower shall have
the right b have any pmoeedings begun by Lender to enforce thia Mortgage discontinued at any time priar to ~try of a jndg~t ~forcin~
thu Mortgage if: (a) Borrnwer pays Lender all aums which would be then due ander thi8 Mortgage. the Note and notea secusing Phtnre
Advanoea. it any. had no aoceleration occurred: (b) Borrower cures all breachea of any other oovenants or agreemait~ of Borrower oontained in
this Mortgage; (c) Borrowa pays all reeeonable eupenees incnrred by Lender in enforcing the c~ovenante a~ agreeaient~ of Borrowa
oontained in t2ris Mortgage and in enforcing Lender'e remedies as provided in paragraph 18 hrreof, inclading, bnt not limited to. rea~onabls
attomey's fees; and (d) Borrower takea such action as Lender may reaaonably reqaire tfl aaenre that the lien of this Mortgage. Leadd~ intei+ed
in the Prope:ty and Borrowe~s obligation to pay the auma eecured by this Mortgage ahall oontinne nnimpaired. Upon snch paymmt and c~re
by Borro~ver. this Mortgage and the obligations eecured hereby ahall remain in full force and dfect as if no aocekratioa had oocurred.
20. Asaignment ot Rente; Appojatment of Receiver. As additional security hereunder, Borrowa hereby aesigns fo Lender tbe reutr
of the Property, provided that Borrower ahall, prior to aoceleration under paragraph 18 hereof or abandonment of the Property. have the risht
b oolltct and retain sach rents as they become due and peyable.
Upon acceleration under paragraph 18 hereof or abandonment of the Property, Lender ahall be entided to have a reoeiver appointed by a
oourt to enter~upon, talce poeseseion of and manage the Property and to collect the rents of the Propaty, including those paat dne. AU r~ta
oollected by the receiver ehall be applied first w payment o! the ooeta of manageinent of the Property and aollection of renta. includin~, bnt not
limited to, reoeiver's feea, preminma on re~xiver'e bonds and ressonable ettorney's fcea, and then to the ~ums ~ecvred by this Mo~t~aga T6e
receiver ahaU be liable to aocannt only for those rents actually reoeived.
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