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8. Inapection. I.eader may make or cauae to be made reusonable entriee upon and inspections of the property, provided that l.ender shall
Kive Borrower notice prior tu sny euch ir-epection epecitying reaxooable cauee thecefur related to l.e~der's interest in the Property.
9. Condemnation. The pra~eeda of any award or claim for damages, direct or cone-equential, in connectiun vrith any condemnation or
~~ther taking ot the pwperty, ur part thereof, or for conveyance i~ lieu of rnndemnatiun, arc herrby aaeigned and shall be paid to l.ender.
I~ the event of a total taking oi the Property, the ptocc~eda ehall be applied to ttie aums secund by this Mortgage, with the excees, if any,
pxid to Borrower. ln the event ot a partinl taki~g of the i'roperty, unlese Borrower and I.ende~ otherwiee a~ree in writing, the~e ehall be
:~ppiied W the auma eecured by thia Mortgage such proportion ot the proccede ne ia equal to that proportion which 1he amount of the eume
ac~c-ured by thie Mortgage irrmediately prior to lhe date of taking beare to the fair market vatue of the Property immediately prior to lhe date of
t:+king, with the bala~ca of the proc~eeds paid to Borrower.
If the Property is abandoned by Eiorrower, or if, after notice by I.eoder to f3orrower that the rnndemnor oftera to make an award or eetUe a
~•taim for damn~tes. Bo~rower faile to reapond to I.ender within 30 duya ufter the date auch notice is mailed, Irender is authorized to collect and
:~pply the procefda, at I.e~der's option, either to matoralion or repair of the property ur to the aume eecured by thia Mortgage.
Unlesa I~ende~ and Eiorrower otherwiee a~ee in writing, s-ny such application of proceede to principal shull not extend or poatpone the due
~i:~te of the monthly inatallmenta referred b in parugrapha 1 and 2 hereof or change 1he amuunt of such inatallmente.
t0. Borrower I~fot Releasecl. Extenaiun of the time for ptiym ~nt or modificaition of umorlization otthe sums aecured by this Mortga~Ce
~; ranted by (.ender to s~ny succeavor in intemat of I3ormvrer shnll not operate to relei~se, in ~ny manner, the liubility of the original Rorrower
;~nd t3nrrower's succexsurs in interest. l.ender ah~ll not tx~ reyuired tu c~mmence proceectings aKt-inat auch succexaoror rntuse to extend time
t~ ~r pa>•ment ur olhenvi~ m~xlify amnrtizatiun uf the• tiuma s~rumcl by thia MurtKuKe by rei-rKm of nny demund made by the originai Borrower
.~nd liorn~wer'a sucrc~.wrs in intcn~xt.
11. Forbearance by [.cnder Not a Waiver. Any forbearance by I.ender in exercising any right or remedy hereunder, or otherwiae
:~fforded by npplicable law, ahall not be a w~iver of or prerlude the exercise of any such right or remedy. The pnx urnment of insuranre or the
payment of taxea or other liens or charges by l.ender ahall not br a waiver ot l.ender's right tn nccelerate the mnturity ot the indebtednesa
:~~•ured by this Alortgage.
1'L Remediee Cumulative. Ail remedies pn~vided in this Moetgage a~e distinct and cumulative to any other right~or remedy under thia
~1~~rti•age or afforded by law or equity, and may be exercise~l concurrenlly, independently or succeasively_
13. Succesaors and Asaigns tiound; Joint and Several Liability; Captions. The covenants and agreementa herein contained shall
i~ind, and the rights hernunder sha~ll inure to, the respeclive auccrxsors ~+nd assigna of I.ender and E3orrower, aubject to the pn,visiune of
E~:~r:iKraph 17 hereoL All covenantx nnd a~eementx of [~rrower shnll be joint and several_ The captions s~nd headinge of the paragraphs of
thi, Mortg3ge am tor co~enience only und are not tu be uxed to interpret ur define the proviaiona hereof.
14. Notice. Except fo~ any noticr n~c~uired under upplicable law to Ix~ Ki~•en in :in~~thrr manner, lnl any notice to fiormwer provided for in
~ h~; :4lurtgage shall be given by mailinK such notice by certified mail ~-ddressed to Borruw er at the Yroperly Addmsa or at auch other addresa as
ft~~rruwer m:~y designate by notice to I.ender as pruvided hernin, and Ib) any notice to l.ender shall be given by certified mail, return receipt
r~r~ uested, to 1~ender's nddrrxx atuted herein ur to sur_h other nddrexa as I.ender may designate by notice to E3orrower as provided herein. Any
rn~tice pru~~ided [ur in this NortgaKe shall be deemed to have been gi~ en to liorrower or l.ender when given in the manner designated herein.
1 S. l?niturm Mortgege; Governing Law; Severability. This form of mortgaRe combines uniform covenants for national use and non-
unifurni nn•enanLs wilh limitecl variutions by jurisdiction tuamatitute t- uniform xecurity instrument cc,vering real p~operty.7'his blortgage
<h:~ll ix~ Kuvernrd by thr law of the jurisdiction in which the 1'ruperty is locatirl. In the e~ ent that any provision or clauxe of thia Mortgage or
t ht• \ute c~~nilictx w~th appiic.ible law, such cunllict shall nnt affect other pr~~visions of this MortKaKe or the 1~1ote which can br given effect
~.ti ithout the cY-n!lictinK pn,~•isiun, and to this end the pmvisiuns ot the ;~tortq:~ge..-nd the Nute are declared to be severable.
1 fi. tiorrower'e Copy.l3orroveer shall be furniahed a cunfi,rmed a,py of the Note and of thia Mortgage at the time of execution or after
r~~•nrdation hereof.
17_ Tranafer of the Property; Ae~aumption. If All or any part of the I'roperty or an~interest therein is sold ortranaferred by I3orrower
~+ ithuut I rnder'F prior written consent, excluding la) the creation of a lien or encumbrance sulwrdinate to this Mart~aKe, lb) the crratioq of a
~~urchase money security interest for household appliances, lc- a transfer by devise, d:scent or b~ operation of law upon thedeath uf a joint
t~•nant or ld1 the Rrnnt o[ pny leasehold interest of three years or less not containinK an uption to purchase, I~nder may, at I.ender's optiun.
~i~•~•lare all the sums secumu by this MortKaKe to be immediately due and payable. I.ender ~hall have waived such option to accelerate if, prior
t~ ~ tht• saleor transfer, I.ender and the person to whom the E'roperty is to be sold or transferred mach agreement in w~ritinR that t1~e credit of such
~~~•r,i~n is satisfactorv ti- Ixnder and that the interest payable un the sums securEd by this Mo~tKaKe xhall Fx~ at such rate :is l.ender shall
r~•~~uest. If Ixnder has waived the optiun to .iccelrrate pro~•ideK1 in this paraKraph 17, and ii Iiorruwer's sucressor in interest has executed ~
~.+ ritten s~ssumption aKreement :icreptrd in writinK by I.ender, l.ender shall rele.-se liorrowrr from :~11 ohliKations under this ~1urtK~Ke and the
\ ~ ~te-
If I.endrr exercises such uption tu accelerate, l.ender shall m.~it f3orrower nuticeof acceler.itiun in acairdance with paraECraph 14 hereof.
~uch nutice shall pruvid~• a period of not l~~s than :i(1 da}•s frum t he date t he notice iw rr.:+ilcd within K hich Borr~-wer ma~- pay the sums declared
~iu~•. If Borrower fails tu pay such sums priur to the expiratiun of e:uch {x~riud, l.~~nder may, withuut furiher notic~ or demand on tiorrower,
~naoke an~• remrdies permitted by para~rauh !tt h~rtti~f.
IK. Acceleration; Remedies. Except as provided in paraaraph l7 hereot. upon Borrower's breach of any covenant or
t~Kreement otEDorrower in this Mortgage. including the ctivrnante to pay whendue any eumesecured by this Mortgaqe. Lender
prior to acceleration shall mail notice to E3~rrower as provided in paraqraph 14 bereofapecifying:111the breach;(2) the action
r~•yuired to cure such breach;l3) a date, nat less than 30 days from the dete the nolice ie mailed to Rorrower, by which auch
I~reach muat be cured; and (~h Ihat tailure to cure such breach on or before the date specified in the notice may result in
~~cceleralion otthe auma secured by thie Morigage. foreelosure by judicial proceeding and eale otthe Properly.The noticeahall
fu rther inform E3orrawer otthe right to reinstate aRer acceleration and the right to assert in the forerlosure proceeding the
non-exiatence of a default or any other defense of f3orrower to acceleration and foreclosure. It the breach is not cured on or
1x•fore the date apecifed in the notice. l.ender at I.ender's option may declare all of the eums secured by this Mortgaae to be
immediately due and payable without turther demand and may toreclose this Mortgage by judicial proceeding. ~.enderehall be
~~~titled to collect in such procerding all expenaes of Corecloyure. including. but not limited to. reaxonable attorney's fees. and
i~usts of documentary evidence. abstrartu and title repnrts.
19. E3orrower's Right to Reinatate. NotwithstandinK 1~endei s acceferation of the sume secured by thia Mortgaqe. Rorrower shat) have
the right to have any pmceedinKs t-eQun by l.ender to enforce this Mort}~aqe discontinued at any time pri~r to entn of a jud~nent rnforcinK
:his hlortgaKe if: (a) Rorrower pays I.ender all sums which would be then due under this Mortgage, the Note and notes securitig Future
Advances, if any, had no acceleratiun occurred; lb) E3ormvrer cures aU breachea of any other covenants or aqreements of Borrower contained in
this MortgaKr: Icl i~rrowrq paya all reasonable expenses incurred by I.ender in enforcinR the covenants and agreements of E3orrower
~Yrntained in thie MortgaRe and in enforcing I.endei s remedies as provided in paragraph 1 A hereof, including, but not limited lo, reasonable
:~ttorney's fees: and Id1 Borrower takex auch action as i.ender may masonably require to asxure that the tien of this I-lortgage, [.ender's intereet
i n the Property and Rorrower s obliRation to pay the 3ums secured by this MortqaKe shall continue unimpaired. Upon such payment and cure
by E3~rrower, this Mortgage and the obliqatiuns secured hereby Ahall remain in tull force and effect as if no acceleration had occurred.
20. Aseignment ot Rente; Appointment of Receiver. As additional security hereunder, Borrower hereby asaigne to Lender the renta
~~f che Property, provided that E3ormwer shall, prior to acceleration under paraqraph IR hereof or abandonment otthe Properiy, have theright
tr~ collect and retain such rents as they become due and payable. -
Upon acceleration under paraQraph IR hereof or abandonment of the I'roperty. Ixnder ahall he entitled to have a receiver appointed by a
court to enter upon, take poasession of and manage the ['roperty and to collect the rente of the Properiy, including thoee past due. All rente
cr~llected by the receiver ahall be applied first to payment of the cnstx of manaqementof the Property and collection of rents, including, but not
limited to, receivei s feea, premiums un receiver's bonda and reasonable attorney's fees, and then to the sums aecured by thia Mortqage. The
receiver ahall t-e liable to amount only for those rents actually received.
6~~K~`t~ P~GE p5•~
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