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8. Inspection. Lender msy meke or caws to bs mads res~onable entrie~ upon and 'uupectiou~ oitl~e pevperq-. provided tlud Iwade~ ~~ll
~ive Borrower aotios priu~ b u~y snch inspection ~peci~yins re~aaonable cawe W~efor related to I.ende~'~ intered in t1~ Peopeeyr.
9. Coademnation. ~e peooeed~ of aW- award or claim for dame~a. direct or conseQueatial, in ooanectioa with aqy oondeounati~ ae
athe~ taldn~ of the propesRy. or past thereof. or fo~ oonveyanos ia lieu of ooademaation. are hersby aod~ned and shall bs paid to I.eade~
Ia the ev~t of a toW takin~ of the PcoPe~-. the proossd~ shall be applied to Wa sums ~ecured by thi~ Moct~a~e. wiW tbe ~oeM. if w~-.
paid to Borrower. Ia tbs event of e ps~tial taking of ths Pe~opeKy. unlew Borrowe~ aad Lsada~ othe~wi~s a~res in ~vritias. tbe~rs ~hall b~
applied to the su~ sscured by this M~+~ge such PmPortion of the prooeeds as ia equal b thst proportioa which the amonnt of tbe ~nnaa
~ecvred by tbi~ Mort~age inemediately prior to the date of Laldag bean to the fair market value of the ProPe~Y ~~~LY P~r Zo ths dato ot
takinB~ with the balanos ot We pmceed~ paid to Borrower.
If the Froperyr u abendoned by Borno~z. or i~ aRer notioe by I.ender to Borrower tl~at the oundemnor ogers to make en award or ~etW a
clium for dsma~e~. Botrowe: fails to reapond to I.endes writhin 30 days aRer the dute such notiae is mailed. Lender ia suthorised ~o oolket and
apply th~ p~oceed~, at Leadee's option. either to restoration or rapair of the propesty o~ to We sums secnred by tbis Mart~aj~:
Ualew I.eader end Bo~oMer otha~viee agree ia writing~ any snch applicatioa of procaeds to ptincipal shall aot e=ta~td or po~tpone ti~e dos
date of the monthly iiutallm~ts referred fo in peragraphs 1 and 2 h~sof os changs tha amonat of snch iastallmenta.
10. Horcow~er Not Released. E~tenaian of the time for.payanant or modi6cetion of amoriization of We snms secured by tLi~ Moets~
granted by Lender to any aucceawr iA intRrest of Borrower shaU not operate b release. in aay manner. the liability of t6e original Borrower
and Borrower's succeesois in interESt. Lender ehall not be required to oommeaoe proceedinga againet such suaxssor or rafwe to ~tend tims
for pqyment or otherwiee modify amortization o! the euma secured by thia Mortg~ge hy reasoa of any demand made by the original Borrower
and Borrower a aucceeaors in interesk
11. Forbearanoe by I.ender Not a Wdver. Any forbearance by Lender in esarciaing any ri~t'br ~e~ liee+eunder. or otherwi~e
afforded by appficable law. ahall not be a waiver of or preclude the e~cercise of any such right or nmec~y. 4l~e procunment of iae~uance ~ the
payment of taxes a~ other liens or charges by I.end~ shaU not be a waiver of I.ender's right to aaoelerate the matnrity ef the indebtednen
eec~u+ed by this Mortgage.
12. Itemedies G~mulattve. All remedies provided in this Morfgage are diatinct and cumulative to any other right or remedy nnde~lhi~
Moitrage or afforded by law or equity, aad may be ~escaee~l ooncurrently. independeatly or snooes~ivdy.
13. Suooessors and Asdgns Bound; Jotnt and 3everal Liabiltty; Captione.'lbe oovenants and agreem~ts he~rein oontained rhall
bind. and the iights hereunde~r shall innre to. the reepective ancoessors and assigns of Lendu and Borrowa. anbject to the p~ro~-idons o~t
peragraph 17 hereof. All rnvenants and agreemenb of Borrower shall be joint and esveral. The ceptions and headings of the paragraphs of
thia Mortgage are for oovenience only and ace not to be ased to interpret or de5ne the p[ovisions henof.
14. Notioe. Except for any notice required under applicable law to be given ia another manna. (a) ~y noaoe to Borrow~ ~o~-iaea tor in
thie Mortgage ahall be given by mailing anch notice by certified mgil addresaed to Borrower at the Property Adiireae or at sach othez addn~s as
Borrower may desigaate by notice b Lender as pmvided herein. and (b) aay notice b L,eader ahall be givea by cetti6ed mail. ruura receipt
reqaested, to Lender'a address stated herein or to such other addnea ae Lender may designate by notice b Borrower aa provided he~reia Any
noticx pmvided for in thia Mortgage ehall be deemed to have been given to Borrower or Lender wrhen givcn in the mannar designated he~+eyn.
15. Uniform Mortgage; Governing Law; Severability. Thie form of mortgage combines nniform oovenants for national ose sad non-
uniform covenants with limited variationa by jnriadiction to oonatitute a uniforn- aecurity instnin-ent oovering real proparty.lLia Mortgage
ahall be govemed by'the law of the jnrisdiction in which the Property ia located. In the event ti~t any provision or clause of this Maactgage ~
the Note rnnflicte wi W applicable lew. auch conflict shall not sffect other provisiona of thia Mortgage or the Note which can be givea eSect
without We ooniticting provision. and Eo this end the pmviaione of the Mortgege and the Note are declat+ed b be eeverable.
16. Borrower'e Capy. Borrower shall be furniahed a conformed c~opy of We Note and of this Mortgage at the tiime of ezecntioa or after
reoordation hereof. ~
17.'l~anafer Qf t6e Property; Aseumption. If all or any part of the Propaty or an interest Weiein ie aold or transferred bq Borrower
without Lender's ~.vnor written coneent, ezcluding (a) the creation of a lien or eacambrance subordinate b this Mortgage. (b) the creatioa of a
purchase money security intereat for houeehold appliancea. (c) a transfer by devise. deacent or by operation of law npon the death of a joiat
tenant or (d) the grant of any leaeehoid interest of three years or lesa not oontaining an option b pnrchaee, Leader may. at Iend~s option.
declare all the sams eecurna by this Mortgage to be immediately due and payable. Leader ahall have waived sach option to ancelerate if, prior
to the eale or transfer, Lende~ end the peraon to whom the Peoperty ie to be eold or tranafrrred reach agreementin writing that the creditof snch
person ie satiafactory to I.ender and that the interest payable on the eums ee~vred by thie Martgage ahall be at such rate as Laider shall
requeat. If Lender hae waived the option to accelerate provided in thie paragraph 17, and if Borrowde snoceasor in intereet has eaecvted a
written assamption agreement accepted in writing by L.ender, Lender ahall release Borrower from aU obligatioas ander thia Mortgage and the
Note.
If Lender ezerciaes auch option to accelerate, I.ender shall mail Borrower aotice of aooeleratioa in aooordance with paragraph 14 hereoL
Such notice shall provide a period of not less than 30 days from the date the notice ia ~ailed within which Borrower may pay t6e sums dedared
due. If Borrower faila to pay such sums prior to the expiration of such period, Lender may, without further notice or demand on $orro~vet,
invote any rrmedies permitted by paragrsoh 18 hereof.
1& Acceleration; Remedies. Ezcept as provided in paragraph 17 hereof, upon Borrower'. breach of an~ oovenwat or
agreement of Borrower in thia Mortgage, including the oovenants to pay when due any sums secured by this ~ortgage, Lender
prior to aoceleration shall mail notice to Borrower as provided in paragraph 14 hereo[specifying: (1) the breacly (2) the action
reqnired to cnre euc6 breach; (3) a date, not less thsn 30 days from the date the notice is mailed to Bore+ower, b~r wrhich snc6
breac6 mnst be cured; and (4) that failure to cure such breach on or before the date apecified in the notice m~y rewlt in
aooeleration of the eume secared by this Mortgage, foreclosure by judicial proceediag end sale of the Property. The notioe shall
fi~rt6er inform Borrower of the right to reinstate aRer acceleration and the ri~ht to a.sert in the foreclosure proceeding the
non-e:istence of a default or any other defenee of Borrower to aceeleration and foreclosure. It the breach is not cared on or
1~efore the date specified in t6e notice, Lender at Lende~'s option may declare all of the sams secured by thie ll~ortga~e to be
immediately due aad payable without further demand and roay foreclose this 1[ortgege by judicial ptooeediag. Lender shall be
entitled to colled in such proc8eding al! e:penses otforeclosure, inclnding, but not limited to, reasoneble attorney's feea. and
oosts of documentary evidence, abstracts and title reporte.
19. Boreower's Right to Reinetate. Notwithatanding Lender'e aoceleration of the aums eecured by thi~s Mortgage, Borrowrr ~hall have
the right to have any pmoeedings begun by Lender to enforoe thia Mortgage disoontinued at any time prior to entry of a judgment eaforcin~
this Mortgage if: (a) Borrower paya Lende: all aums which would be then dne under this Mottgage, the Note and notes secnring I~ture
Advanoea. if any. had no aooeleration occurred: (b) Borrower c~rea all breachee otany other covenanta or agreem~ts of Borrowa wntained in
thi~ Mortgage; (c) Borrower pays all reasonable espenses incnrred by I.ender in entorcing the omrenants and agr~ts of B~rowa
oonteined in this Mortgsge and in enforcing Lender's remediea aa provided in paragraPh 18 hereo~ inclnding, but not limited to. na~sonabls
attorneyrs fees; and (d) Borrower tal~es euch action aa Lender may reasonably req~ire to assnn that the li~ of this Mortgage, Leader'~ interert
in the Propaty and Borrower's obligetion b pay the sums eecured by this Mortgage ahall coatinue nnimpaired. Upon snch paymmt aad can
by Bosrower. this Mortgage and the obligations aecured hereby ahall remain in fnll foroe and e~ect aa if no aoceleration had oocnrred.
Z0. Assignment of Reata; Appointment of Aeceiver. As additional eecuritY henwnder. Borrower hereby assigns to I.enda tbe r~-ts
of the Property. provided that Borrower shall, prior to soceleration under paragraph 18 hereof or abandonment of the Property. have the right
to oollect and retain such rente as they become due and payable.
Upon aoceleration under paragraph 18 hereof or abandonment of the Propaty, I.ender ehall be entided to have a reoriver appointed by a
oonrt to enter.npon. tel~e poseeaeion of and manage the Property and ta collect the renta of !he Property, including thoee pasi dne. All reata
oollected by the rec~eiver shall be applied Srat to payment of the coses of managemeni of the Property and oollection of rent~, inclnding, bat not
limited b, reoeiver's teea. pretniame on receiver's bonds and reasonable attorney's feea, and then to the eums secared by t1~is Mortgage.'1Le
reaiver shall be liable to sooount only for thoee nnte actually received.
~345 P,~~5~3