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8. lnepection. I.ender may make or cause to be made reaaonable entriea upon and inepectio~s of the properiy. provided that l.e~~erehall
give Eiorrower notice prior to any auch inapeMio~ apecitying reasonable cause therefor related to l.endei e intereet in the Proper:y.
9. Condemnation. 'I4~e procceds of any award o~ claim for damagee, direct or conaequential, i~ connection with any rnndemnatiun or
other taking of the property, o~ part thereof, or for conveyance in lieu of condemnation, are hereby assigned and shall be puid to l.ender.
In the event of a total taking ot the Property, the proreeds ehall be applied to the euma secured by this MortKage, with the e:ceea, if any,
paid to Rorrower. I~ the event of a partial taking of the Property, unless I3orrower and l.endes otherwiee agree i~ writing, there ehall be
applied to the sume aecured by thie Mortgage auch proportion of the proceede as is equal to that proportion which the amount of the same
secured by this Mortgage immediately prior to the date o[taking beara to the fair market valueof the Property immediately prior to the dateof
taking, with the balancY of lhe proceeds paid to E3orrower.
If the f'roperty ia abandoned by f3orrower, or it, aRer notice by I.ender to E3orrower that the condemnorotfere to make an award or aettie a
claim for damagee, Borrower fails W respond to I.ender within 30 days aRer the date euch notice is mailed, I.ender ie authorized tocollect and
apply the proceeda, at I.e~der'e option, either to rnatoraUon or repair of the property or to the sums aecured by thie Mortgage.
tlnless l.ender and E;orrower otherwiee aRree in writing, any auch application of proceeda to principai shall not extend or postpone thedue
date of the monthly instxllmente referred to in parngrapha 1 and 2 hereof or chnnge the amount of such installments.
l0. Borrower Not Released. Fxtension of the time for pAym~ot or malification of a-m~~rtization of t-~e sumx secured by thia Mortgage
granted by I.ender to any successor in interest of F3ormwer shnll not opernte to rele.~se, in any manner, the li~bility o[ the ori~inal Korrower
.~nd Borrower's successora in intemst. l.ender shall not be required to oc-mmence proceeclingx ag~inst such succeasur or reCuse tu extend time
for payment or otherwise mucliCv umortizatiun of the,um~ :~ecund by this M~,rtg.-Ke by muw,n uf an~ demand made by the original Korrower
.-nd li~~m~w•er's sucrc~~~r~ in inleri~t.
11. Forbearance by Lender Not a Waiver. Any forbearance by [.ender in exercising any right or remedy hereunder, or otherwiae
~ifforded by applicable law, shall not be t~ waiver of or preclude the exercise of uny such right or remedy_ The procurement of ineuranrn or the
pnyment of taxea or other liens or charqeri by l.ender ehall not be a waiv2r of I.ender'e right to nccelerate the maturity of the indebtednesa
secured by this Mortgage.
1'l_ Retttedies Cumulative. All remedies provided in thia Murtgage nre distinct nnd cumclative to any other right or remedy under this
~torti-age or afforded by Inw or equity, and may be exercise~l concurrently, independently or e~uccessively.
13. Successors and Assigns ~3ound; Joint and Several Liability; Captiona. The co-•enants and a~rerments herein contained ahap
bind, and the ri~hts hereunder xhall inure to, the respective successo~x and :isaigns of I.ender nnd f3orrower, subject ta the pmvisiona of
partiKraph 17 hereof. All mvennnts and aKreements of Rorn~wer shall be joint and several. The captiuns and headinKs of the paraRraphs of
this Mo~tgage are for co~~enience only and arn not to be used to interpret or define the pro~~siona hereof.
14. Notice. F.xmpt for any notic~e myuired under applicable I.iw• tu Ix~ Ki~•en in anuth: r manner, !.u any nutice to RorroN•er provided for in
this Murt~aKe shall be given by mailing auch notice by certified mail t-ddressed to Rormwer at the Pruperiy Addreas or at auch other address as
Rorruwer may dck;iKnate by noticr to I.ender as provided herein, and Ib) any notim to I.ender shAll be given by certified mail, return receip!
rtquested, to I.ender's addresx stated herein or to such other address as l.ender may desiKnate by notice to &~rn,wer ae provided herein. Any
noti~r pru~•ided for in this MortKaKe shall br dcrmed to have becn given to ~rr~,wer ur l.ender when given in the manner deaignated herein.
l:i. lTn itorm Mortgage; (:overning Law; Severabi lity. This form of mortg.~Ke cumbines aniform covenants for nat~onal use and non•
unifurm covenan~k w~th limited variutions by jurisdiction to constitute a uniform security instr~nient cuvering rea) property. This Mortgage
shall be Kc~verned by the law of the jurisdiction in which the t'ro{-erty is I~•utrd. In the event that any provisiun or cls~use of this Mortgage or
the Note contlicts w~th _+pplicable lav-, such contlict shall nut affect other pruvisions uf this MortKaKe or the Note which can I~e given effect
H•ithuut the contlictinK pruvisiun, and to this end the provisiuna uf the D1ort~;.+Ke .ind the Notc 3~re declareci to t-e :reverable_
16. Borrower's Copy. f~rrower shall be furnished a conformed rnpy of the Note and of this AtortKaKe at the time of execation or after
rec~ /ion hereof.
~~ T. ransfer of the Property; Assumption. If all or any part of the !'roperty or an intemst therein is ~~ld~or traneferred by B<~rrower
~' without t.ender'F prior written consent, excludinK (a) the crea~tiun of a lien or encumbr~nce suF-ordinxte t~ this MortgaKe, (b- the creation of a
_ purehase mone}~ securily inteme+t for househofd appliances, lc- a transfer by devise, d~scent nr b~ operation of law upon the death of a joint
; tenant or (dl the Qrnnt of any leasehold intemst of three years or lexs not containinK an optiun to purchase, I.ender may, at I.ender s option,
declare nll the ~ums serumc~ by this 4lortga~Ke to be immecfiately due and pay~~ible_ I.ender ahall have vraived such option to accelerate if, prior
to the sale or transfer, Lender Und the person Gr w•h~~m ihe I'ropert~ is to be sold or trar.sferred reach aQreement in writing that the credit of such
~rson is sati~facu~n• G: I.endrr and that the interr~ct pa}•able on the Kums secur~~1 by this MortKuke shall be at such rate as I.ender ghall
requrst. If Ixnder has waivrd the option to accelerate pru~•idrd in this p~-raKraph 1:, and if f~~rrow•er's successor in interest has executEd a
K'fl«Pn assumptiun ati-reement accepted in vrritinK by l.ender, lxndershall rnle:~se Kurrvwer from all obligatiuns under this ~lortgaKe and the
\ ute.
If t.ender exercisc~ such option to aci-eierate. l.ender ahall m.~il liorr~,•,~•er notice of acceleration in accordance with paraKraph 14 hereof.
~uch n~~tice shall providt• a penud uf not I~~s than :il)da~~~ frum thed.ite the nutice ic rnail~i within which Borrower m.~v pav thesums decl~red
due. If Rurruwer fails to pa~• such .ums priur tu the expir.itiun uf such peri~K1, iA•ndf•r may, w•ithout further n~~tice or dem~nd un Ijorrower,
invoke =+ny remeYli~~ permitt~d by paraKra~h !~s hereti~f.
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18. Acceleration; Remedies. E xcept as provided in paraaraph 1? hereof. upon Borrower's breach ot any covenant or
aRreement of f3orrower in this MortRage. including the covenants to pay K hen due any eums secured by thie ~tortgage. Lender
prior to acceleration xhall mail notice to Borrower as provided in paragrapti 14 hereofapecifyinq: (1) the breach; (2)the action
reyuired to cure such breach;l3) a date. not leas than 30 dayR from the date the notice ia mailed to Borrower, by which auch
breach muat be cured: and (41 that tailure to cure r~uch breach on or before the date epecified in the notice may result in
accelerat ion otthe sums secured by this Mortgage. toreclosure by judicial proceeding and sele of the Property. The notice shall
further inform Borrower of the ri~ht to reinstate after acceleration and the right to assert in the toreclosure proceedinq the
non-eaistence of a default or any other defense of Borrower to acceleration and foreclosure. if the breach is not cured on or
before the date specified in the notice. Lender at I.ender's option may declare all ot the sums secured by this Mortgage to be
immediatcly due and payable without furtherdemand and may foreclosr this Mortgage by judicial proceeding. Lender shall be
entitled to collect in such proceedinR all expensc~ of foreclosure. includinq. but not limited to, re~onable attorney's tees. and
costs of documentary evidence. abstracts and title reports. -
19. Borrower's Riqht to Reinstate. NotwithstandinK I~ender's acceleration nfthe Pums aecured by this Mortgnge, F3orroweishall havf
the right to have ~ny proceadings treKun by I.ender to enform thie A1ortKaKP discontinued at any time prior to entry of a judgment enforcing
this MortgaKe if: Ia1 i3omower pays I.ender all sums which would be then due ander thie Mortgage, the Note and notes securinK Futurc
Advances, if any, had no acceleration occurred; I b- tG.-rrower curea al I breaches of any other rnvenants or aqreementa of Borrower contained in
this Mortgage; Ic) fiorrower pays all reasunable expenses incurred by I.ender in enforcing the covenants and agreements of E3orrowei
contained in this MortgaKe and in enforcing I.ender P remedies as provided in paraKraph 1R hereo[, including, but not limited to, reasonablF
attomey's fees; and Id 1 Borrower takes such action as I.ender may reason~bly require to asaure that the lien of this Mortgage, l.ender's inte~esl
in the Property and E3orrower's obligation to pz+y the sums secured by this Mortgage ahall continue unimpaired. Upon such payment and curc
by F3orrower, this MortgaRe and the obligations secured hereby shall remain in fuU force and effect as if no acceleration had occurred.
'l0. Asaignment of ltenta; Appointmenl ot Receiver. As additional security hereunder, Borrower hernby asaigna to l,ender the rent~
of the Property, provided that E3orrower shall, prior to acceleration under paragraph Ifi hereof or abandonment of the Property, have the righl
to collect and retain such renta as they become due and payable.
Upon acceleration under paragraph 18 hereof or abandonment of the Property, [.ender ahall be entitled to have a receiver appointed by a
court to enter upon, take pae.gession ot and manage the Property and to collect the rents of the Property, including thoae paet due_ All rent~
collected by the receiver shaU be applied first to payment of the rnsta of management of the Propertv and collection of rents, including, but no1
limited to, receiver'e feea, pTemiume on receiver's bonda and reas~,nable attorney's feea, and then to the aums aecured by this Mortgage. Th<
receiver ahall be iiable to account only for those rente actually received.
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