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8. Inspection. Lender may make or cauae to be made rea~onabk entries upoa aad inspections olthe P~Pe~Y. Prohded that l,ender eha1)
give Botrower notioe psior to any such inspectioa apecifying nasoaabk cause therefo~ rdated to l.ender's interest ip the Property.
9. Condemaatioa.'11~e prooeeds of any award or claim [or damages~ direct or coasequential, in connectioa with any ooademnatiop or
othe~ taking of the P~P~Y. or part theeeof. or for coav~eyance ia lieu of ooademnatiou, are bereby assigaed and ahall be psid to Lender.
la the event of a total taking of the Property. We pmceeda ahall be applied to the suma aecured by this Mortgage, with We escess, if any,
paid b Borrnwer. In the eva~t ot a partial tairing of the Proputy. unless Borrower aad l.ender otherwise agree ia writing. there shell be
epplied to the sums secured by this Mortgage auch propottioa of tbe ptviceecia as ia equal to that proportion which the amount of the snms
secured by this Mortgage immediately prior to the date ot talriag bean to t6e fair market value of the Property innmediatsly prior to the date of
taking. wiW the balancx of the proc~eds ~aid to Bore+ower.
I[ the Property is abandoaed by Rorrower, or it, af4r aotict by l.ender to Borrowrer that the oondemnor oPfers to malce aa award or settle a
claim for damagea, Rorrower faile to respond to Lender writhin 30 days aRer the date auch aotice is mailed, [.ender is authorized to collect and
apply We ptoards, at Laide: a option. dWez Lo restoration o~ repair of the pioperty or b We aums secured by thia Mottgage.
Unless l.endez and Bormwer otherwise agree in writing, any such app4catioa of pmoeeds to principal ahall not r~tend or poetpone the due
date of the monthly installnaents referred to in paragrapbs 1 and 2 hereof or change the amonnt of euch instalUneats.
10. Borrower Not Released. Eatensio~ of the time for paym=nt or modification of amortization of the aums aecured by this Mortgage
Kranted by Lende~ to any anccessor in intereat o! Borrower ahall not operate to rrleaee, in any manner. the liability of the original8orrower
and Borrowei s sua~essors in interes~ Lender shall not be required tu o~mmenee proceedings agaiast such successor or refuse to e:tend tune
for payment or othetwise modify amortizalion of the sums se~.yred by this Mortgage by reason of any demand made by the origi~al Borrower
and Born,wet s succes,wors in interest.
1 I. Forbearance by Lender Not a Waiver. My forb~rance by l.ender in e:erciaing any right or remedy hereunder, or othrrwiae
aNorded by applicable law, shall not be a waiver of or preclnde the e:erciae of any anch right or remedy.'1Le procurement of insurance or the
pay~ment of t~es or other liens or chargea by I.ender ahall aot be a waiver of l~nde~e right to aocelrrate the maturity of the indebtedneas
secu~+ed by ehis Mortgage.
12 Remedies C~mulative. Al! remedies provided in thia Mor~gagc are diatinct and cumclative to any other right or remedy uader thia
~tortcage or aE'fforded by law or eqnity. aad ~ay be ea~ercise~l wncurrendy, indepeadenUy or euocesaively- .
l3 Succesaors and Aasigne Bound; Joint and Several l.iability; Captions. The oovenante and ~gl~rments herein rnntained ahall
bind, and the righta hereunder shall inure to, the reapective sucreseors and asaigns of Lender and Borrower, aubject to the provisions of
paragraph 17 hereof. All rnvenants and agreements of Borrower ahaq be joint and eeveral. The captions and headinge of the paragraphs of
thia Mortgage are for covenience only and are not to be used W interpret or de5ne the provisions hereof.
I 4. Notice. F:cept for any notiee mquind under applicable lave to be gi~ en in anoth:r manner, (a) any notice to Borrower provided for in
this Mortgage shall be given by mailing auch notice by oerti5ed mail addresaed to Borrower at the Property Addresa or at auch other addreas as
Borrower may designate by notice to Leader as provided herein, and Ib> any notioe to Lender shall be given by certified mail. return receipt
req uested, to Lender's addrnss stated h~ein or w snch other address as Lender may designate by notice to Borrower as provided herein. Any
notice pro~~ded for in this Mortgage shali be deemed to have been gi~-en to Borrower or I.ender when given ia the manner desigaated herein.
15. Uniform Mortgage; Governing I.aw; Severability.'I1iis form of mortgage combines uniform cbvenant8 for national use and noa-
uniform co~ enants with lunited variations by jurisdic'Son to rnnstitate a uniform security instrument oovering real property. Thia Mortgage
shalt be govem.d hy the Iaw of the j~risdiction in w hich the Property ia located_ In the event thai any provixion or clause of this Mortgage or
the Note conilicts with applicable lavr, such confliM shall not affect other provisions of this 111ortgage or the Note which can be given effect
w~thout the conflicting provision, and to this end the provisions of the Mortgage and the Note arn declared to be severable.
16. Borrower's Copy. Borrc,w-~ shall be fivnished a confor~ed capy of the Note a~ed of tltia 1liortgage at the time of e:ecution or after
recoiriatioa h~eof ' -
1?. Tranafer of the Property; Assnmptioa. If all o~ any part of the Property or an in~ therein is soid or traneferred by Borrower
w-ithout Lend~r'~ ~ior written consent, e=clading (a) the creation of a lien or encumbrance subordinate to this Mortgage, (b) the creation of a
pur~hase money aecurity intereet for household appliancea, (c1 a transter by devise, d~cent or by operation of law upon the death of a joint
tenant or (~) the grant of any leasehold interest of three years or less aot oontaining an option to purchase, Lender may, at Lender's option,
declare all the s~ma se~vrea by this Mortgage to be immediately dae and pa~ able. Lender ahall have waived such option to aocelerate if; prior
to the sale or lransfer, Leader and the person to whom the Property is to be sold or transferred reach aigreement in writing that the credit of auch
person is satisfactory to Lender and that the interest payable on the sums secvred by this 111ortgage shall be at such rate as Lender shall
request. If Lender has rraived the option to amelerate pro~ ided in this paragraph 17, and if Borrower s successor in interest has executed a
K~ritten assumption agreement accepted in w-riting b~ Lender, [xnder shall rnlease Borrower from all obligationa under this Mortgage and the
ti ote.
If Lender esercises such option to accelerate. [.ender sball mail Borrowrer notice of acceleration in accordance with paragraph 14 hereot
Juch notiee shall provide a period of not less than :i0 da~ s from the date the notice is cr.ailed within which Borrower may pay thesums declared
due_ If Borrower fails to pay such sums prior to the expiration of such period, Lender ma3, vrithout further notice or demand on Borrower,
mvoke any remedies permitted by paragraoh 1R hereof
18. Acceleration; Remedies. Faoept as provided in paragrap6 l7 6ereot, upon Borrower's breac6 ot any oovenant or
agreement of Borro~rer in this ~lortgage. wcluding t6e covenanta to pay whea due any sums secured by this ~ortgage. Lender
prior to aoceleration shall mail notice to Borrower as provided in paragrap614 6ereof aperifying. (1) the breac6; (2) the action
required to cnre such breach; (3) a date. not less then 30 days Imm t6e date the notice is mailed to Borrower, by which such
breac6 must be cured; and (4) t6at tailnre to cure sacb breach on or betore t6e date specified in t6e aotice may reeult in
acceleration otthe aums secured by this ~ortgage. Coreclosure by jadicial proceeding and sale of t6e Property. Tt~e notice s6a11
further intorm Borrower of t6e ri~ht to reiastate after acceleration and the rig6t to ssaert in the forecloaure proceeding the
non-ezistence of a default or any other defense ot Borrow er to soceleration and foreclosure. If t6e breach ie not cured on or
before the dete specified in the notice. I.ender at Lender's option may declare all of tbe sums secured by this Mortgage to be
i mmediately due and pa~ able without further demand and may foreclose this 111ortgage by judicial proceeding. Lender ahall be
entitled to collect in such proceeding a!1 e:penses of forecloeure, including. but not limited to. reasonable attorney's fees, and
costs of documentary evidence. abstracts and title reports.
19_ Borrower'e Right to Reinstate. Notwrithatanding Lender s acceleration of the sumssecured by this Mortgage, Borrovrer shall have
the right to have any proceedings begun by Lender to entoroe this Mortgage discontinued at any time prior to eatry of a judgment enforcing
this Mortgage if: ~a) Borrovver pays Lender all sums which wwiW be then dne nnder this Mortgage, the Note and notes eecvring I~ture
Advances, if any, had no aa~eleration occurred; (b) Borrovrer cures all breachea of any other covenants or agreements of Borrower contained in
this 1V(ortgage; (c) Borrower pays all reasonable ~penses incvrred by Lender in enforring the rnvenants and agreements of Born-wer
ountained in thia Martgage and in enforcing Lender's remedies as provided in paragraph 18 hereof, indnding, bnt not limited to, reasonable
attorney'e feea; and (d I Borrower takes such action as Lender may reasonably reqaire to asanre that the lien of thia Mortgage, Lendei a interest
i n the Property and Borrower a obligation to pay the sums secared by this Mortgage shall contince unimpaired. Upon such payment and cure
by Borrowa, this Mortgage and the obligationa secured hereby ahall remain in full [orce and effect as if no aooeleration had occurred.
20. Asaignment of Renta; Appointment ot Reoeiver. Aa additional secnrity hereunder, Borrower hereby assigns to Lender the rents
of the Property~ provided that Borrower shall, prior to aoceleration ander paragraph 18 hereof or abandonment of the Pro
to collect and retain such rents as they become due and paysble_ P~Y. have the right
Upon aooeleration under paragraph 18 hereof or abandonment of the Property. I,ender ~hall be entided to have a reoeiv~ a
oo~ut to enterLpon, take poa~aeoo of and manage t6e P~operty and to rnllect the rents of the PPO1nted bya
rnllected by the rec~ver shall be a ~P~Y. inclading those paat due. All rente
pplied first to payment of the oosts o[management of the Peoperty and rnUectioa of renta, including, bnt not
limited to, reoeiver s feea, preminms on rereiver s bonds and reasonable attoroey's feea, and then to the aama secared by thi,s Mortgage. The
receiver shall be liabk to sooo~wt only for those rents actaally reeeived.
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