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S. Inapection. I~ender may make or caue~e io be mHde reuewnpble entries uEx,n pnd inepectiona of the pruperty, providcd that I.ender ahnll
Kive }3orruwer notice prior to any auch inepection sprcifying retteonable cuue;e thernfor relatrcl to l.endei s intereat in the Property.
9. Condemnation. The proceeda of any award or cluim for damagea, direct or consequrntiai, in connection with any condemnatiun ur
~~ther taking of the property, or pttrt thenrof, or for conveyance in lieu of condemnation, nrn hernby ansigned and ehall be paid to l.ende~.
In the event of a total tnking of the Property, the proceeda ahall be applied to the suma aecured by this Mo~tgi~ge, with the excess, if any,
pe-id to Rorrower. In the event of a partial taking of the Property, unleae E3orrower and l.ender othervvii+e agree in writing, there ahall be
nppiied to the aums aecured by thia Martgage auch proportiun of the pn~crede us ia eyual k- that p~oportion which the amount of the eume
.e~vred by thia MortgAKe immediately prior to the date uf tnking bears to the fair market value of the F'roperty immPCliately prior to thedate of
tuking, w:th the balAnce of the proceede paid to I3arrower.
If the Property ia abAndoned by E3orrower, or i[, aRer notice by I.ender to Borrower ihat the condemr.or offers to make an award or settle a
rl:~im for dnmages, Borrower fnils to reepond to l.ender within :i0 dnya after the d~-te such notice is mailed, lxnder is authorizecllucullect and
apply the proceeda, at l.ender'~ option, either to reatoration or repair ot the property or to the auma aecured by this Mortgage.
Unlexs l.ender and Borrower otherwise agree in writing, nny auch npplication of pmceeds lu principHi ahiil! not extend or poatpune thedue
dute of the monthly installments rnferred to in parnKraphs I and 2 hereof or chunge the umuunt of such inetallmentts.
l0. E3orruwer Not Rcleased. Exten~iun of the time fur paym~nt ur mudificiition of ~mortizatiun uf the sum~ secured by this hlortgz~gr
~:ranted by I.ender to any successor in interest of Rorn~w•er shall not upera~tr tu rele.ise, in any manner, the liability of the oriKinal Borrower
:~nd Rorruw•er's successory in intrrcwt. I.rndr: shall not tr_~ reyuired to ~Y,mmence pnx•eeclin~;s aKt~inst such xuccessor or refuse t~ extend time
t~ ~r p.~ym.•nt or othen+~ise mexlify amnrtizati~~n of thr sums scrurt~l b~• this 11urt~.iKr by rrasun uf any~ dem.+nd madr bp the uriKinnl Rorruwer
:~nd It~~rro~~•er's sucrt~+urs ir. inter~~:t
11. Forbearence by Lender Not a Waiver. Any forbearance by IxndNr in exerc7sinK any right or remedy Aereunder, or otherv~•ise
:~ffurded by applicable I~N, shaU not be a~ai~•er of or preclude the exrrcise of .iny such riKht or rerr.tdy. The procurement nf inaurance or the
Fr~ ~ ment of taxes or other iiens ar chnrKes by I.endrr shul) not be a wai~•er of I.ender's riKht to accelerate the maturity of the ir.debtedness
,«~•ured by this MortgaKe.
1'l. Itemediea Cumulative. AU remrdirs pru~~ided in thia ;~tortgage are distinct nnd cumulative to any other right or remedy under this
~lurtrage or Afforded by lavr or equity, and may be exerciaeri rnncurrently, independently or successively.
l:i. Succeasors and Aasignr~ Bound; Joint and Several Liability; Captions. The covrnxntx and z~grcrmentx hemin contained shal!
hind, and the riKhfs hereunder shall inure to, the rrspective succei:~~rs and assiyns of I.ender and I3orn~wer, subject tn the proviaions of
p.~r.-Kruph 17 hereof. Al) covenants ~nd .~Kreements of &,rrower shaU be joint and several. The captions und he~-dings of the paraKraphe of
this ~tortgage are for covenirnce unly and are not to be used to interpret or define the provisions herc~f.
1 a. Notice. Except for :~n}~ notice nY~uinY1 under xpplicahle I:~~• to tx• Ki~•i•n in another m.inncr. t:+1 any nuti~~ to Rurruwrr pro~•idecl f~r in
t hi, ;1lurtgaKr shall begiven hy mailink such notice by certificd mail addre+s~1 to F3orrowerat the F'roperty Addrrrcaor ut xuchother addreas as
It~~rrower may de~iKnate by notice to Irndrr as provided hemin, und 1~-) any notic~ tn t,~~nder sh~li be Kiven b•.• certified mail, reWrn receipt
n~~uesteci, to I.ender's addrt :5s staltd hen~in or to such other address as I.ender may desi~;nate by n~~tice to f3~,rrower as provided herein. Any
n~ ~tice providNd for in this MurtK~~Ke shall be deemec! to have iieen Ki~•en to I~,rruw•er or t.ender when gi~•en in the mannrr designatcd herein.
15. Uniform Mortgxge; Governing l.uw; Severabilitv. This form of murtKa~;ecumbines unik~rm rn~•enantx for national useand non-
uniform cu~•enants w-ith limiu~d variations bv jurisdiction to n~nstitute a uniform ~~urit}• instrument ~Y•~~erin~ real property. This blortgage
~hall be ku~•erned bt• the I:+w• of the jurisdiction in w•hich the Prvpert~• is ;~x-atEd. In the event that an~~ pruve•iun or clause of this Mortgage or
~ hc• lute e~unflicts w~ith applic.ible law, ,uch conflict shall nut ~~ffect other pruvisiuns uf thi, 11ortKaKe or the tiote which can he Ki~•en effect
~+ithout the cuntlictink pnn~isiun, and to this enti thc• prucisions uf the ~ti9ortKaKe and the tiute are dpclared to FK• cPVPrnhIN
:6. Barrower'~+ Copy. I~irrower shall hr furni~htd ~~ cunfurtncd rnp~~ of thc~ Note und uf this Me,rtKaKe at the time of execution or after
r~~c•urdation hereof.
! ~. Transfer af the Pruperty; Ae~sumption. If aU or any paR of the f'roperty or an interest therein is sold or transCerred bS Borrower
t~ ithout It•nder's p7or written consent, excludinti (a) the crratiun uf a lien or encumbran~r sulwrdinate to this illurtgage, lh- the creation of a
G~urchase munFy ~^rurity interest for huusehold appliancc~, ~ci ~ tranafer b~ devise, d:scen~ or 6y uperation of law upon the death ~f a joint
tt•nant or ~d) the ~rant of any leasehuld iaterrst of three years ur less not cwntaininK an option tu purchase, I.ender may, at I.ender's nption.
~l~~-lare all the cums scrvn~u by this 11ortKaKe t~ be immediatel;; due and p~i~•able. I,ender shall have waivecl such option to acce!erate if, prior
~+~ the saie c~r transfer, I.ender and the persun tu w•hum the Propertv is tu tx~ suld or tranaferrtd reach a~reement in w~ritinQ that thecredit ofsuch
G~~•rsun is s,itisfactorr tu I.e~nder and that the intrn•st p.+~•:iblr un the sums srcurtYl hp this ~lortKaKe sha11 be at surh rate as [.ender shall
r~K~u~~~t. If I.endc•r hxs ~•ai~•EYl the ~rptiun tu .i~•c~drrate pr:~~~idt~d in this paraKr:iph I~, and if t3~~rr~~w~f~rti .ucct~tisnr in interest has executcd a
« nttt~n assumptiun .~Kreemrnt :~ccrpte~i in «•ritin~; b~• I w•nci~•r. I.~•nder,hall n Ie21SP RUffUN't•r frum all obli~;.~tiuns under this AlortgaKe and the
\~de.
If I.endrr exercists such uptiun tu .icerlf•r.~tf•, l~~nder shull mail fi~~rr+,K~t•r notice of acceleratiun in accr,rdanc-~ x•ith paraQraph 14 hereof.
~uch notice shall prm•ide a peri~~ ~~f not It~ss than :it~ day~ ~rnm th~~ d:~tE• th~• n~~tict• is rr.aileri w•ithin which I~orrow•f~r mac pa~• the-sumc declarcd
~~~~~ If Rurrnw•c~r fails tu p~iy yuch sums pri~~r tn thi• expiratinn ~~f suc~h p~~ri~~d, (w•nder ni.+~•. w•ithuut further n:~tice ur demand un ISorrow•er,
1n~•uke.iny ~eme~dit~~ permittrYl -zy parc~k~r:~oh lx ht~r~ti~f.
18. Acceleration; Remeclies. F;xcept as provided in paraRraph 17 hereot, upon Borrou•e~ s breach ot any covenant or
aKreement of Borrower in this NortgaKe, includinK the c~rvenants to pa~- w•hen due any sums securEd by this Nortgage. Lender
prior to acceleration xhall m~il notice to Borrower as pro~ ided in peragraph 14 hereof specitying: ~ l- the breach; (`l) the action
rc~yuired to cure such brrach; ~31 a dete, not lese~ than 30 deys from the date the notice is mailed to I3orrower. by which such
trreach must be cured; and (41 that failure to cure such breach on or before the date apecified in the notice may result in
t~cceleration of the sums secured by this lfortgege, forectosure by jud'ecial proceedi.~g and saleof the Property.The notice shall
further inform Borrower of the right to reinstate after ucceleration and the right to assert in the foreclosure proceeding the
non-existence of a default or any other defense ot Borrow~er to acceleration and foreclosure. If the breach is not cured on or
tx~fore the date specified in the notice, Lender at Lender'a option may declare all of the sums secured by this Alortga~e to be
immediately due and pa~~able without furtherdemnnd and may foreclosethis ~lortqage by judicial pmce~~ding. Lender shall t~
~~ntitled to collect in Kuch proceedink aU expenwes of forecio~ure, includin~. but not limited to, reasonable attornec's tees, and
i•uwts of documentan• c:vidence, abstrarts and title reports.
19. Rorrow er's Right to Reinstate. tiutwithstandinK l.ender's acceleration of the aums secured by thia MortQaKe. F3urruwer shail ha~•e
the riKht to have any prrx~eedinKa beKun by I.ender t~~ enforce this Mort~aKe disc~~ntinued at any time prior to entry of a judKment enforcinR
this ~1ort~aKe if: lal Bormwer paye I.ender all sums w•hich would lx• then due under this \lort{{age, the Note and notes securinK Future
:ldvances, if any, had no acceleration occurred; ~ bl K;~rmw~er cures all breaches of an~~ other covenants or agreementr, of F3orrov-er contained in
this ~lortKaqe; (c) F3orrower pays all reasonable expensec incurnd by l.ender in enforcing the covenants and aKreement,a of Korrower
~untained in this 11ortKaRe and in enforcinR I,ender's remedier as pruv:decl in paraKraph t N hereof, includinQ, hut not limited to, reas~nablP
attorney's fees; and ~ d) Borrower takes such action as I.ender may reasonably require to axsure thHt the lien of ihis l~1ort~:~Ke, [.ender's intereat
in the Proprrty and Borrower's obliKation to pat~ the sums securecl by this MortKaKe shall continue unimpaired. l'pon such payment and cure
tiy F3orrower, ti~is ~tortKaKe and the obliKations securcd hereb~~ shall remain in full force and effect as if no acceleration had occurred.
'l0. Assiqnment ot Rents; Appcintment ot Neceiver. As additional 4ecurity hereunder,l3orrower hereby assiqns to i.enderthe rents
~~f the Property, provided that I3orrow~er shall, prior G~ acceleration under para~,~raph 1 R hereof or abandonment of the Property, have the right
to collect and retain such rents as they become due and payable.
Upon acceieration under paraRraph 1K tiereof or abandunment of the Propert~, I.ender shall be entided to have a receiver appuinted by a
a~uri to enter.upon, take possession of and manaQe the I'roperiy and to collect the rents of the Proprrty, includinq those past due. Al) rereta
collected by the receiver shall be applied first to payment of the coAts of man~Rement of the Propeny and collection of renta, including, but not
I~mited to, receiver's fees, premiums on receiver's bonds and reasonable attorney's ferA, and ttien to the sums secured by this Mort~age_ The
receiver ahall be liable tn account onlp for those rents actually received.
~~~K351 f~~E 895