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8. Lupectioa. l.ender cnay make or causs to be made reswnabk entrie~ upon aad 'uupection~ olthe pmpa~t,y. pmvided that Lndez shall
Qive Bocrower aotioo pcior to any ~uch it~spectioa sPecib-in6 reaeonaWe cause therefoe nlated b LeAder'~ iatere~t ia the Prope~qr.
9. Condemaadoa.'ibe prooeed~ of any award os claim tor damage~, direct or oonsequential. in coanectioi- ~ritb aay oondemnation ~
oth~ eaking ui the pmpe~y. or part thereof~ Oi fOr COl1Ye~iMOp lf1 ~1e11 Of OORd![RAaNOl1~ are hereby swigaed aad ~haU bs paid to Leader.
In the event of e~ ~otst talrin~ of the Pcope:ty. the pmoeeds shall be applied to the ~nms ~acured by thi~ Mort~a~0. Mrith the ~oen, ii aay.
paid to Bormwer. In the event of a paitial taking of the Pmperty. unlee~ Bormwer and Lend~ othenvise a~res in wnitia~. thers ~hall bs
applied to the sums ~ecured by thi~ Mort~age such proportion of the prooeed~ es ia eQual b that proportion which the amount of We ~
secund by this Ma:tga~e iiemediataly prior to the date of takinQ bean to the fsir markd value of the Property immediaeely pirios to the date of
talun6. with the balanoa of ehe proceed~ paid to Borroarer. .
If the Proparty ia abandoaed by Bosrower, or if. aRer aotiae by Lendar to Borrower that the oondemnor vffer~ to ma1~e an award or ~ettle a
claitn for dama~es. Bormwer fails to respoad to Lender within 30 days aRer the date such notice is mailed, Leader ia sutlwrised to oo~lect and
apply the prooeeds. at Lender's optioa. eith~ to nstoration or repair of the prope~ty or b the ~ums secured by this Mott~ase,
UnleM LeAd~ aad Boirowez oW~wise agree ia writing. any such applicatioa of prooeeds to principai shall not ~bad ~ postpone ths du~
date of the monthly installmenta referred b in paragraphs 1 and 2 hereof or change the amouat of sucb installmeafa.
10. Borrower Not Released. E:teneiop of the time for paym3nt or modification of amortizatioa of the aums eecured by this Mort~a~s
graated by Lender to any successor in intereet of Borrower ehall not operate b releaee. in any manner. We liability of the original Borrower
and Borrower's suocesaors in interea~ Lender ehall not be required to oommence proceedings againat such euecessor or refuae to ~tend time
for payment or otherwiee modify amortization of the euma eecured by this Mortgage by nason of any demand made by the osiginal Borrower
and Borrower's auc~,~eseors in interes~
11. Forbearanoe by Lender Not s Weiver: My forbearance by Lender in ~enising any right or remedy hereunder, or otherwiee
afforded by applicable ls~v, ahaU not be a waiver of or preclude the esercise of any such right or nmedy. The pmcurement of insuranoe or the
payment of tazes or othes liena or chargea by Lender ahall not be a waiver of Lender's right to aooelerate the matiuity of the indebt~edae~s
eecured by this Mortgage.
12 Remediea G1~mulative. All nmedies provided in this Mortgage are distinct and cumulative to any oWer rightor semedy nnder thii
Mo:tcage or afforded by law or equity. and may be ezercise~l cancnn~ently. independendy or auoceesively.
13 3uoceseore and Aesigne Boand; Joint and 3everal Liability; Captions. The oovenante aad agreementa haein ooatained shall
bind, aad the righte hereunder ehall inure to. We nspective auaceeeors and assigns of I.ender and Borrower. aubject to the pmvisions of
paragraph 1? hereof. All covenants and agreementa of Borrowez shall be joint and seve~al. The captioaa and headinge of the paragrapha of
thia Mortgage are for covenieace only and are not to be used to interpret or define We provisions hereof.
14. Notice. Except for any notice required nnder applicable law to be given in another manner, (s) any notice to Borrower provided for in
thie Mortgage shall be given by mailing such notice by certified mail addressed to Botrower at the Property Addt~eas or at such other addtess as
Borrow er may designate by notice to Let-der aa pmvided herein, and (b) any aotice to Lender ehall be given by oertified mail. return reoeipR
requeated. to Lender a addreae stated herein or to such othe~r addrees ae I.ender may deaignate by notioe to Bormwer as pmvided hereia. Any
notice pmvided for in this Mortgage ahall be deemed to have been given to Borrowez or Lender when given in the manner desiguated herain.
lb. Uniform Mortgage; Governing I.aw; 3everebillty. This form of mortgage combines uniform aovenanfa for national ~se and non•
uaiform covenents with limited variatione by jurisdiction to oonatitute a uniform sec~uity inatrument oovering real property.'11~is Morigage
shall be governed by the law of the juriediction in which the Property ie located. In the event that any provieion or clauee of this Mortgage or
the Note coi~flicta with applicable law, auch rnnflict ahall not affect other provieiona of thie Mortgege or the Note which can be give~n effed
without the contlicting proviaion, and to thia end the pmvisiona of the Mortgage and the Note are declSred b be eeverable.
1& Borrower's Copy. Borrower shall be furniahed a ooafotmed copy of the Note and of thia Mortgege at the time of eiecution or after
reoordation hereof.
17.'l~ansfer of the Property; Assumption. If all or any part of the Property or an interest thenin ie eold or tranefrrred by Borrower
without Lender s prior written rnnsen~ acluding (a) the creation of a lien or encumbranae subordinate to this Mortgage. (b) We creation of a
pur~hese money eecurity interest for houeehold appliancee. (c) a tranefer by devise, deecent or by operation of law upon the death of a joint
tenant or (d) the grant of any leasehold intereat of thtee yeara or less not oontaining an option to purchase. I.ender may. at I.ender'a option,
declare all the auma eecurea by this Mortgage to be immediately due and payable. Lendez ahall have waived such option to aocelesate if, prior
to the sale or transfer. Lend~ and the peraon to whom the Property is to be eold or traneferred reach agreement in writing that the credit of ench
person is satiafactory to Lender and that the interest payable on the aume secured by this Mortgage ahall be at such rate as I.ender ehaA
request. If Lender has waived the option to accelerate provided in thia paragraph 17, aad if Borrower's aucceseor in interest has e~ecuted a
written asaumption agreement accepted in writing by Lender, Lender ahall release BoYrower from all obligationa under thia Mortgage and We
Not~
If Lender e:ercises such option to accelerate, L.ender shall mail Borrower notice of acceleration in aooordance with paragraph 14 hereoL
Sach notice shall provide a period of not less than 30 days from the date the notice is cr,ailed within which Borrower may pay the suma declared
due. If Borrower fails to pay such suma prior to the eapiration of such period, Lender may. without further notice or demand on F3orrower.
invoke any remediea permitted by paragraoh 18 hereof.
18. Acceleration; Remediee. E:cept ae provided in paragraph 17 hereof. upon Borrower'e breach ot any oovenant or
agreement of Borrower in this Mortgage. including tlie oovenants to pay w6en dae any sums secured by this Mortgage, Lender
prior to acceleration ahall mail notice to Borrower se provided in paragraph 14 hereof epecitying: (1) t6e breach; (2) the action
required to cure such breach; (3) a date, not le8e than 30 daye from the date the notice is mailed to Borrower. by wbich such
breach muet be cured; and (4) that failure to cure such breach on or before t6e date specified in the notice may result in
aoceleration of the sums eecured by t6is Mortgage. forectosure by judicial proceeding and sale of W e Property. The notice ehall
furt6er inform Borrower of the rig6t to reinetate after aoceleration and the rig~t to aseert in the forecloeure proceeding the
non-e:ietence of a default or any ot6er defense ot Borrower to aoceleration and forecloaure. If the breach is not cured on or
before the date specified in the notice. Lender at Lender'e option may declare all of the sume secvred by thie Mortgage to be
immediately due and payable without further demend and may forecloee thie Mortgage by judicial prooeeding. I.ender ahall be
entitled to collect in such proceeding all e:penses of foreclosure, including, but not limited to, reaeonable attorney's feea, and
costs of documentary evidence, ebetracts and title reporta. -
19. Borrower's Aight to Reinatate. Notwithatanding Lender's accelerafion of the sums eecured by this Mottgage, BoTrower shall have
the right to have any prooeedings begun by Lender to enforce thie Mortgage diecontinued at any time prior to entry of a jndgment enforcing
thia Mortgage if: (a) $orrower paya Lender a!! sume which would be then due under t}us Mortgage. the Note and notes securing I~tnre
Advanoes. if any, had no aoceleration occ~rred; (b) Borrower cures all breaches of any othet ooveaanta or agreements of Borrower oontained in
this Moitgege; (c) Borrow~ pays all reaeoaable expeneea incurred by Lender in enforciag the oovenants and agreea~ent~ of Boirower
aontained in Wis Mortgage and in enforcing Lender'a remedies as provided in paragraph 18 hereof, including. but not limited to, reawnabls
atta~rney's fees; and (d) Borrower takea auch action ae Lender may reseonably reqaire to essure that the lien of this Mortgage, I.endd~ intece~t
in We Prope~ty and Barrowe~s obligation to pay the anma secured by thie Mortgage ehall continue unimpaired. Upoa such payment aad cot+e
by Bo:mwer, this Mortgage and the obligations eecured hereby ahall remain in full force and effect as if no aoceleratioa had oocurred.
20. Assignment otRente; Appointment of Receiver. Aa additional security here~nder, Borrower hereby ~ssigna to I.ender the r~ts
of ihe Property, provided that Borrower shall, prior to aoceleration under paragraph 18 hereof or abandonment of the Property. have the right
to collect and retain such rente ae they beoome due and payabte.
Upon aoceleration under paragraph 18 hereof or abandonment of the Propetty. Lender ahall be entitled to have a receiver appointed by a
oonrt to enter.upon, take posseasion of and manage fhe Property and to oollect the renta of the Property, including those past due. All renb
oollected by the receiver shall be applied first to payment of the ooste of management ofthe ProprrEy and oollec~on of renta. inclnding, bnt aot
limited to, receiver's fcea, preminme on n~ceiva's bonde and reaeonable attorney's feea, and then to the euma secured by this Mortgage. T6e
receiver shall be liable to aooount only for thoee rents actually received.
e~x346 P~~~1771
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