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8. lnapectton. l.e~de~ may meke o~ cauee to be made reasunable enlriee upun and i~epectiona of the property, provided that I.ender ehaM-. ~
Kive E~orrower notice prio~ W eny such inepection epecifying reusonable ctwne therefor relaled to l.endei s interest in the Hroperty.
9. Condemnation. The proc.~eede of any award or claim for damaKee, direct o~ a,neeyueretial, in cunnection with any cundemnation or
~~ther tuking ot the property, or part thereot, or for rnnveyance in lieu of condemnation, nre hereby aesigned a~d ehal) be paid k- I.ende~.
In the eveot of a toteil taking of the 1'roperty, the pra~eecla ahall be npplied to the eume t~•ured by thia Murtgage, with the excess, if any,
pz~id to Eiorrowe~. In the event of n partial lakinQ uf the Property, unleee BoRUwer nnd I~ender otherwiee agree in writing, there shall be
~ipplied to the auma eecured by thie Mortgage euch pruporliun of the proceeds ae is eque) to lhat propnrlic,n which the amount of the eums
4tti•ured by thia Mortgage immediutcly prior to the date of tnkinK beara 4- the fair market value otthe !'roperty immediately prior to thedate ot
t.~king, with the balance of the pn~ceeda paid to Burn~wrr.
If the Properly ie ubi~ndu~ed by i3orn~wer, or if, after notice by l~ender tu f3orruwer that the cundemnor offere to make an award or eetUe a
~~I:~im for damnges, E3orrower fails to respond tu I.endec within :l0 days eRe~ lhe dale euch notice is mailed, I.ender is authorized to collect and
apply lhe pmceeda, at I.ender e option, eithe~ to reetoratiun or mpi+ir of the property or to the aums aecured by thia Mortgage.
Unleea l.ender and Borrower otherwiee agree in writing, any such applicalion of pnK-eede to principal shaU ~ot extend or postpone thedue
~i~~te ot the monthly inetallments referred to in para~crnphs i und 'I hereof ~r change the amount of euch inatallmente.
10. liorrower Not Releaeed. Extenaion of the time for puym ~nt or m~xiificntion uf nmortizntion of the sums aerured by lhis Morigage
~;r.~ntcd bY l.ender to nny succrssor in interest ot I;nrruwer ahall nul upernte to relei~ee, io any manner, the liat-ility of the nriECinal [3orrower
:~nd li~~rruwer's su~Yrasurx in internAt. I.rnder shall not tm reyuimd to iY-mmence pr~meedinKx tiKninet euch auceexaor or refuse to ealend time
t~ ~r p;~>~ment or otherv-ise m~Klifj• um~~rtizatiun uf th~~ ~um~ sM•un~! h~• this MurtKa~K~• hy r~~.u+un ~~f nny drmand ma-de by the~riKinal Rorruwer
.ind li~~rruw•er'~ ~cuctiyss~~rs in interiwt.
l 1. Forbearance by I.ender Not a Waiver. Any forbrarnnce by I.ender in exercieinR any right or mmedy hereunder, or otherwese
:~ffi-rded bp applicuble law, ahnll not be n wniver otur preclude lhe exemiee of any such riKM nr remedy. The procurement of insurance or the
p:->•ment of taxex or other liens or cherQee by I.vnder ahnl) not be n waiver of I.ender'e right to nccrleratr the maturity of the indebtednesa
.~rumcl by thia Mort}~aKe.
1'l. Remedies Cumuletive. All rwmediex providcrl in thia hlortKuKe are dietinct and cumr.lnlive to any other riRht or remedy under this
~1~~rlraKe or atforded by laM or equity, and may be exercise~l rnncurrently, independently or eucceseively.
1:1. Succrssors and Aasi~ne Iiound; Joint and Several I.iability; C:aptions. The rnvenants and aKrecmenta herein cr,ntained ehall
huid, and the riQhte hemunder shall inurn to, the mapecti~e auc~rxs~rx nnd asaiKns o[ l.ender and t~~rrawer, subject to the provisiona of
p:~r.~Kraph 17 heraY~t AD rnecn:~nts and :~Rrermentz+ of liormwer shf~l) t-e joint nnd aevernl. The cnptions and headinKs of the paragraphs ot
thic MurlgaKe am for c~~venienm only nnd :+m not t~~ be used to interpret or define the proviaiuna hereof.
1~t. lotin•. F.r~~epl [or an~• nutice r~r~uirecl under applicable I:~w to IK KivFn in :~nothc r manner. (al any notire tu fi~~rrower provided for in
t hi~ ~lurtgaKe shall l~e Qi~•en b~ mailinK such notice by cerlificrl mail addregReci to Rorn~wer al the f'roperty Address or at such otheraddresa as
it~~rn~wer ma~ desiKnate by nutice to l,~~nder as pro~•idecl herein, and Ibl t~~y n~,lice to I,ender shnll t-e Qiven by certified mail, return receipt
r~~~uested, to Iw~nder'a addreas atated hemin or to such other addre~xx as I~ender mn~ desiKntde by nntice to F3nrrower as provided herein. Any
n~~tice pru~•id~c1 for in this ~1ortKaKe shall he deemecl to hn~•P been Kiven to I~rruNer or I.ender when given in the manner dexignated herein.
15. t'niform :NortRage: Governing I.aw•; Se~ erebility. TfiiR form uf morttit~Kecombines uniforrr~ rnvennnts for national useand non-
u mform rn~•enants w•ith limitcri ~~ariationx IM juri~iction to rnnstitutt• n uniform securily inslrument cY.venn~; real property. This Morigage
~hall be ~;u~•erncd M• the law• uf the jurisdiction in which the 1'roperty ie I~xate~l. In the evenl that Any provic+ion nrclauRe of thie Mortgageor
~ h«~ ~ote conflicts ~~th applicable law•, ;~unc ~onllict sh.dl nut affect other provisiun~c of this MurtKFiKe or the Nnte which can be given effect
~~ ithuut the iv~ntlictinK pm~~ision, and tu this end the pro~•isions uf the AiortKnKe and the Note ~re declared t~, Fre aeverable.
~ 16. l~rrow~er'a l'opy. 1~-rrower chall be furnished :~ confor.necl copp of the Note and of thia MortgaRe at the time ot execution or after
, rr~-urdation herenf.
`~r t'T. TransfPr ot the Property: Assumption. if all or anc pnrt of the t'r~-perty or an interest therein is snld ~,r tranqferred by Borrower
/' ~~ uhout l.rnder'F prior w~ritten consent, excludinK lal the creation of a lien or encumbrance suM-rdinxte tu this MortRage, (b) the creation of a
/ E~urchase mone~ securit~ internst for h~uxehold appliances, Ic1 a transfer by devise, d:scent or by operation of IAw upon the death of a joint
t~•nant or ldl the ELranl of any leasehuld intenst of three years nr lesx not containinK t~n opti~~n to purchase, I.ender may, at Lender'a option,
. i~~~iam all the sum~ securna by this MortQaQe to be immeciintely due and payable_ I.ender ahall hnve waived auch optinn to accelerate if, prior
r~ ~ the sale or transfer, l.endrr and the person to whum the }'r~pert~ is to be suld or Uanaferred reach nRreement in writinA that thecredit of such
~u•r.on is satisfacton• t~r l.ender and that !he inten~t payable on the Rums secur~rl trp this MortKaKe shall F~ at xuch rate as I.ender shall
u~•~ i ~ in thiti .ira ra h 17, and if Fi~~rrower's succexsur in interest has executed a
:~ti uest. lf lxnd~r h:~s w•ai~•ed the o ti~in tu anrler.-t~ {x u e~ p K p
~ P
I~
! ~. ntten assumption a~treement accepted in w-ritinK b}• I.ender. I.ender shall reles-xe 13orruwer frum all obliQatiuns underthis MortqaReand the
~ \~~te.
! If [.ender exercise~ such nption to accelerate. I.ender shall mail Rorruwer nutice of acceleratinn in acrnrdance with paraRraph 14 hereof.
~ ~uch notim shali pm~•ide a pcri~~d ~f not Ic~s.. than:il-days from thed:itc th~• noticr is m:+ilcY1 v- ithin which Borrower may pay thesumy declared
1ur. If 13orrnwer fails tu pa~• cuch cum~ prior tu the expiration of such {~eriucl, Ixnder may, w•ithnut further notice or demand :~n F3orrower,
inti-oke am• remcti~ies permittt~cl b~• paraKrauh ltt her~~if.
~
IS. Acceleration: Remedies. F::cept as provided in paragraph 17 hereof. upon Borrower'e breach ot any rnvenant or
~ t~areement of Borrower in this Mortgage. including the covenante to pay when due any aumssecured by this Mortqage. Lender
prior to acceleration shall mail notice to t3orrower as provided in paragraph 14 hereofapecifying: (1) the breach;l2)the action
~ r~~uired to cure such breach;l3) a date. not less than 30 days from the date the notice ia mailed to Borrower. by which auch
t~reach must be cared: and f4- that tailure to cure such breach on or before the date apecified in the notice may result in
~ accelerationotthesumssecuredbythisMortRage.foreclosurebyjudicialproceedingandealeoftheProperty.Thenoticeahall
further inform Borrower of the ri~ht to reinstate after acceleration and the right to assert in the foreclosure proceeding the
~ n~,n-e:istence of a default or any other defense of Borrower to acceleration and foreclosure. If the breack is not cured on or
~ hrfore the date apecified in the notice. Lender at Lender's option may declare all of the euma aecured by this Mortgaqe to be
~ immediateh due and payable without turtherdemand and may foreclosethisMortgageby judicial proceedina. LendPrahall be
~ t~ntitled to collect in such proceedinq all expenses otforeclosure. including. but not limited to. reaxonable attorney's fees. and
~ ~•~-sts of documentary evidence. abstraets and title reporta.
~ 19. F3orrower's Right to Reinatate. I~otwithatandinK I.ender's acceleration of the auma necured by thia Mortgage, E3ormw•er ehall have
~ the riKht to have any procredings bc~un b~ I.ender tu enforce this Mort~aKe diacontinued at any time prior to entry of a judKment enforcinR
~ this Mortqaqe if_ (a- Bormwer pays Ixnder all sums which would be then due under this ~iortgage, the Note and notes securing Future
; :~dvances.ifan~,hadnoacrelerationcecurred;(b1l3orroMercureaallbreacheaofanyotherrnvenantsoraRreementaofE3orruwercontainedin
~ this Mortgage; lcl F3orrower pays all reawnable expenses incurred by I.ender in enforcing the covenante and agreements of E3orrower
~ cc~ntained in thia Mortgaqe and in entorcing l.ender'a remedies as provided in paragraph 18 hereof, including, but not limited to, reasonable
~ :+ttorney's fees: and Idi Borrower takea such action as I.ender may reasonably require to aseure that the lien of thia Mort~aQe, l.en~ei s intereat
ti ~n the Pmperty and Borrower s obligation to pay the sums securrd by this Mortgage ahall continue unimpaired_ Upon such payment and cure
~ b~~ ~3orrower, this Mortgaqe and the obligationa secured hereby ahall remain in full force and effect as if no acceleration had occurred.
t 20_ Aseignment of Rents; Appointment of Receiver. As additional secanty hereunder. Borrower hereby assigne to Lender the rente
€ :,f the Property, provided lhat f3orrower shall, prior to acceleration under paragraph IS hereof or abandonment of the Proper(y, have the riRht
a tn collect and retain such rents as they become due and payable.
~ Upon acceleration under paraqraph 18 hereof or abandonment of lhe Property, l~ender ahall be entitfed to have a receiver appointed by a
~ ccurt to enler-upon, take poasession of and manaqe the Property and to collect the rents of the Yroperty, including thoee paet due. All rentn
cY~lfected by the receiver shall be applied firet to payment ~f the euatef of managementof the F'roperty and collection of renta, including, but not
~ limited to, receiver's fees, premiums on receiver e bonda and reasonable attorney's feee, and then b the sums eecured by thie Mortgage_ The
receiver ahall be liable to acoount only for thoae renta actually received.
,~ ~K34~ p~~;t26~5
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