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R. Inepection. l~ender m:iy miike or cauxe to he maide reasunablr eotrieR upun and inepectiuna otthe property, pmvided that l.ender ahull
Kivr E3urrower notice prior to Any euch inepection epecifying reuaonut-le cuuxc therrfur reluled tu l.ender's intereet in ihe !'roperty.
9. Condemnation. The procrcvia of any uwnrd o~ claim for demuges, direct or c<-nae~~uentizil, in connectiu~ with any rnndemnation o~
other tuking of the pmperty, or pnrt thereuf, or for conveyxnce in lieu of cwndemnatioo, nm hereby useiKned und ehul) be puid to l.ender.
In the event of a tottii takinK of the Property, the prcx~eeda e~hull be applied to the aums secured by thia Mortgage, with the excexa, if any,
paid to Borro~ver. In the event ot a pnrtial -aking ~~f the I'n-perty, unle~xx 13orrower i~nd I.ender othenvisr uKrc~e in writing, lhere ehall be
applied to the s~ma secured by this Mortgege such proportiun uf the prcx~reda ae is equal u~ tht-t pm{wrtion which the amount of the suma
aecured by thie Mortgnge immediAtely prior to the date of tukinK beara to -he fnir mnrket value of the Yroperty immediutely pror to thedpte o[
takinK, with the balance of the proceeds paid to l3orn~wer.
!f lhe Prope~t~ ix i+tx~ndoned by tiorniwe~, o~ if, atter notice by t.endec tu Borruwer thut the condemnoroCfera to make an award or eettte a
clnim for daimi~gre, liorrower faila to me~pond to I.ender within :10 days after the dnte such notice is muilyd, l.ender is nuthorized tocollect and
.+pply the proceeda, at l.ende~ s optiun, either to rretorution or rrps+ir uf the property ur to the euma secured by ihia Mortgage.
Unlesa I.ender and I3orrower otherwiee agrre in writing, nny xuch application of proceede to principnl ehnl) not extend or poatp~-ne thedue
dute of the monthly instt~llments mfernd to in para~Craphs 1 and 2 hermf or change the umount of such inetalimenle.
lil. Kormwer Not Releaxed. Extensiun uf the time [or paym mt ~~r mudificnti~-n uf ~mortization otthe sums sec•und by this MortQagt•
Kr.~ntrci b> I.ender to any sucri:v~-r in interest of li~~rn~wer shall not o{x•rate to reM:~si•, in .iny munner, thr liubiGty of the original liorrower
and f~rn~v-er's surcessors in intems4 IA~nder sh:~ll nut ix~ nr~wnd to ctiimmence pr~x~dintis aKainst auch succe~ur or refuse tu extend time
Cur pu>•ment ur utherN•ise m~~clify umorlization uf th~• sum~ secunrl b~• thi~ \1urt~;u~;r h~• masun uf any dems~nd mside b~~ theoriKin:~l Rorrower
:-nd fi~~rruw•er's sucri•s+~~rs in inten~:t.
11. Forbearance by I.endrr Nol a VYaiver. Any furMarnnce by I.end~~r in exercisinK any riKht nr remedy hrreunder, or olherwise
.~ffurded by applicable laiw, shall not t-e a+ vr~iver of or prc~•lude the exercise of any au~h riKht ur rem~dy. The pnKUrement uf ineurance or the
pat•ment of tt~xes o~ other liens ur charKc~ by I.endrr ahall not be n wuiver of I.end~ r's riKht u- nccelerate the maturity of the indehtrdnras
.rcured by thia MortgaRe.
1'?. Nemrdies Cumulative. All mmeciies pn,vided in this MortKage are distinct and cumulative to t~ny other right or mmedy under this
~iortruKe or afforded by It~v- or equity, ~nd may br exercise.i rnncurrently, independently ur succeasively.
I:t. Successors and ARSigna Bound;.loint and Severel l.iability; Captiona. "I'he co~enFints and aKreements herein a-ntained xhall
bind, and the riKhts hereunder shnll inum to, the rrapcrtive succe=;surc; t~nd us.~igns of I.ender nnd 1ic,rrower, aubject to the proviaione of
paraKr.~ph 17 hereoL All covenant~ :ind .~Kreements uf ti~,nower shaU be juint t+nd se~•eral. The captiuns and hr:.dinKs olthe para~grs~phs of
this 4lortgage are for cuveniencr onl} and are not tu tx• used to interpret or define the provisians hercr~f.
1-L ?Votice. F.xcrpt fur :in~ nutii•~• n~~uinyl undrr applicable I:~w• tu t~t~ Kivrn in .~nuth~~r m:~nm~r. ~a- :~n~ nnti~•~~ tu li~~nu~•~•r proeidcyl fi-r in
t his ~tortRnKe shall lx Ki~~en b~ mailinK xurh notice by irrtifircl mail addn•sKrd tn }3ornwerr at the !'r:~peRy Addresa ur at xuch ~~ther addrrsu as
Itorruw•er m~~p drsi~;nate b~ noticr to 1,~ nder ns provided herein, s+nd Ib1:+m~ nuti~r tc- 1.~•nder xhall tx• Kiven hy certifird m~il, return receipl
rt~e~ursted, tu I.ender's :-ddress xtated hemin ur to such other uddre:~s as I.ender m.~~ desiKnute by nutim to liocrower ax providrd herein. Any
notire pro~•id~rl for in this ~turttiaKc• shuU F-e d~~ med tu have IK~c•n gi~en to li~~rruw•er or I,ender when Kiven in the manner drsiKnatcd herein.
IS. l:'niform Nort~tige; Governing I.t~w; Severability. This form of murtKaKe~~umbines uniform cY~venxntt; for national useand non-
un~f~~rr.~ corena+nt. w~ith lirnit~~ci ~~ariatio~s b~• jurisc!icti~rn t~~ ~-~mstitute a unifnrm ururitv instrument cY,~•erin~ rea) pruperty. 7't-is Morigage
:ha'1 t~e Kueern~d by th~• laiw• of the juris~ficti~in in w•hich the !'ro~x rty is l~K•~t~~1. In !hi• ~•vent that :+ny provi~i~~n or cl:~u+e of this MortkaKe or
the ;~ute cunAirts w•ith :~ppli~•aMe I:~w, ~uch cun(lict ~hall not :+[feY•t uth~~r provisiuns nf thiv 11urtK:~tie or the Note H•hich can tx Kiven efCcrl
t. ~th~~ut the n,nflicdng pn~~-isiun, and t~~ this e~nd thc~ pro~•isions uf thE~ MoriKaKe and thr Vote are dt~c•IarcYl tu fM• sc•~~t•r:~ble•.
Ifi. Bnrrow•er's Copy. li~~rruw~er shall tx• furnishMi a cunfurmed rnp~ of the tiute and of this ~1lurtkaKe at the time uf execution nr after
rcr~~rclatiun herrof.
! 7. Transfer of the Property; e~asumption. If all or any part of the 1'ru{-rrt~• or an interest therein is suld or tranvferred by l3orruwer
u~thuut L.~r.der'~ ,~rior writtrn consent, rxdudinK ~a) the <•rt•atiun of a lien nr encumhrance sutx,rdinate to this 41urtKaKe, ~bt the creation of a
;~un•hase mone~• ~rcurity interrst for huusehuld appliances,lcl:+ trane;fer by devise, d:~cent ur by o{-eration nf law upnn the death of a joint
t~•nant or ~d~ the Krant of :~ny Ieasrhold intenxt uf thn~ yrars or less not c-nnt:~ininK an ~rptinn to purchase, I.ender ma•.•, at I.ender'soption,
•1ecl~ire .:II the sam*secureYt by this ~1ortKaKe to be immedi:~tel}• du~ and pa~ able. l.~~nder xhall have wai~~Fd tiuch ~>ption toaccrleratr if, prior
a~ th~ sale ur transfer, I.c•nder and the Exrsun t~, v~•hom the 1'ro~rt~• is b~ Ix Kold nr tr.~ntifPrnd ri~arh.aKrcr•mrnt in w•ritinK that the crcdit of such
p~•r.nti is .atisf:~cton tn I.~~ndrr :~nd that th~• intrrtwt p:~~~abl~• on th~• sums s~Y•urcrl bp thi~ \1urt~;aKi• ~hall tK at .ueh rate as l.ender sh:~ll
r~~c~urst. If I.end.•r h:~s ..:~i~~~ti1 th~• option tu aci•t•It•r:+tr pru~•id~~1 in thi~ paraKraph 17, :~~d if lir~rr~~wi•r's succ-rti~nr ir~ ~nterwst h.-s exerutcd a
«•ritte~ :-s,umption a~,~rermrnt :~r~-ept~Yl in wriuny; h~• I A•nd~~r. I ~•nder shall rrli :+se liortuw•er from all ubl~~;atiuns undrr thirc MurtKaKe and the
\ ute_
If Ixndrr rxer~•i~c~ such ~~ptiun t~~ .tiY'f'1~•ra+ti~. 1.~•ndrr sh:~ll m:iil Ito: ruw•er nuticeof ac•celeration in ar~•ord:inn• w•ith paraKraph 14 hereof.
~uch noticr tih:~U pr~~~•id~• :~ M•ri~K! ~~f nnt Irs. th:~n :i~~ d:n•ti fr~ ~m th~• d:~-r t hr noti~•e is mail~Y1 v- ithin w~hii~h t;~~rm~•f•r ma~• p:~~• th~~ sums declartd
~lut~_ I( knrn~wer L•-il~ t~~ p:~~- .u~•h .um. prinr t~~ thi• ~•xpirauun uf ~uc-h E~en~xl, I.~•nde•r mac, w•ithuut further noti~•~• nr dem:+nd un ISorrow•er,
~nvuke an}• rem~•di~~s ~x•rmitt~d 1~~• p:~ra~;r:+oh ti~ hen~~f.
IA. Acceleration; Remediex. I:xcept as provided in paraKr~ph 17 hercr~f, upon Borrower's breach of any covenant or
aKreement uf ~rrow•er in this Mortgage. includinK the co~•~nants to pay w•hen due any eum~secund by thiK Nortgage. t.ender
priortoacceleration xhall mail notice to Rorrower a4 provided in paragraph f4 hereofapecif~ing:ll)thebreach:l'l-theaction
n•yuired to cure such brnach;131 a date. not IexR than 30 dayx from the date the notice ie mailed to BorroNer. by which such
breach muet t~ curecl; ~nd 14- that failute to cure such brexch on or betore thr date specified in the notice may result in
acceleration of thr Kums secured by thiR ~lortgage, torecl~sur~ by judicial proceeding and eale of the Property.The noticeshall
further inform Borrower ot the right to reinytate after acceleration and the right to assert in the foreclosure proceeding the
non-e:istence of a drfault or any other detenxe of I3orrower to acceleration and forecloaure. If the breach ia not cured on or
tx~[ure the date specificd in the notice. Lender at Lender's option may declare all of the sumx secured by thix Mortgage to be
immediately du~ and pa~ able without furlher demand and may forecl~ise this Nortgage by judicinl proc~~i~ding. Lender Ahall be
~•ntitled to collect in guch proceedinK all expenxex uf toreclosure, includinR, but not limited to, rea.gonable attorney's fees, and
~•u~;ts of dncum~mtan• evidence, nbatracts and titl~• rnports.
19. i3~rrower'e Kight to Iteinstate. ~Iotwith4tandinK It•nder'~ accrleratinn of thesuma:ururcd by this blortgaKe, f3~~rruv~er shall ha~•r
the riKht tu have any procmdinKs ~~un hy Ixnder tu enG~rce thi~c :Norl~aKe discti,ntinuc~l at any time prior to entn of a judKment enforeinK
this :Nort~CaKe if: ~al liorn~wer payr I.ender all sums whic•h w~~uld be then duF under thi:~ AtortgaRe, the Note nnd notes securing Future
Advances, ~f any, had no acceleratiun occurmd; ~ bl F~~rmwer curex aU brea~-hes of any other rnvenante or aqreements of E3orruwer conti~ined in
this MortKaKe; Icl Finrmwer pays all reason~hle expensex incurnd by I.ender in enforcinK the covenants and aKreements of Borrower
aintained in this Nort~aKe and in enforcinK IA nder's remeclies as pmvided in paraKraph IK hereof, includinQ, but not limited to, reasonablR
attomey's fees: and idi E3~rruwer takessuch action ~s I.ender may reasonably require toasxurethat the lien of this Mort~aKe, l.ender'sinterest
in the Pmperty and lk,rn,wer's obliKation to pay the aums securcYl by this MnrtKaKe shaU continue unimpaired. Upon such paymentand cure
by E3orro~+'er, this lUurt{taRe :ind the obliKations secured hereby sh.ill remain in full force t~nd effect as if no acceleration had occurred.
`L0. Assignment of Rents; Appointment otHeceiver. As additional security hereunder. l3urrower hereby assigns to I.endertherents
of the Nroperty, provided that E3nrrower shall, prior to accelerntion under parak~raph 1 A hermf or abandonment of the Property, have the riRht
to cullect and retain such rentx ns they become due and payable.
lJpon acceleration under paraKraph l~t hPreof or ab~ndonment of the I'roperty, l.ender shall beeotitled to have a receiver appointed by ~
«,urt to enter upon, take poxseasinn of and manaKe the Property and to collect the renta of the Property, including thoee past due. All renta
rnUected by the receiver shaU I~e applied firat to payment of the n~stx of ma4aKement of the Propert_r- and collection of renla, including, but not
limited to, receiver's fees, premiums on receiver'g tx-nds and reaxonable attorney'R feex, and then to the sums eecured by this Mortgage. The
receiver ahall be liable to account only for those renL~ actunll} received.
`~~ 346 PAGE 103?
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