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8. lnepection. l.ender may mnke or ct-uae to be made rruaunuble entriex upun and inapectione of the property, pruvided that Ixnder ehull
~;ive 8orrua•er notice prio~ to any such inepection specifying rei-aunuble cauae therefor mla!ed to I.ender's intereat in ihe F'roperly.
9. Condemnatiun. The procec,cle of any award or claim for damagea, di-ect or conr~ryurntiul, in connertion with any oundemnation or
~~ther tnking of the property, ur part thereof, or for conveyance in lieu of cundemnation, ure hereby aanigned und ahull be peid to l.ender.
in ihr rveM ot a iotal takinq of the Pmprrty, the proc~eeda aha11 be t~pplird to the auma xtrured by thia Morig~ge, with the exccee, if uny.
p~id to t3orrower. In the event of a partial taking of the Pruperty, uniraa &~rn,wer und I.ender otherwiee tigrce in writing, there ahaU be
:~pplied to the aums aecured by thie N1urt~;age such propurtion of the proc~fa i~x ie~ ~*yual k~ that propurtiun which the amount of the aums
4~•i:ured by thie Mortgnge immediately prior to the date of taking brars to the fnir market value of the E'ruperty immediutely prior to the date of
t.-kin~, with the balnnce of the proceede p~id to I3orrower. ~
If the P~perty is atwndoned by Borrow•er, or if, aRer nutice by I.ender to Burruwer that the c~,ndr.mnorofferatumakean award or xettle a
cl:~im for damages, Borrower fnils to reapond to Lender within 3U days after thr date euch nntioe ie mxilyd, l.ender ie authurized to collect and
<.pply the proceede, at Ixnder'e optiun, either to mstoratiun or rept~ir of the pmperty or to the sums aecured by this Mortguge.
Unless l.ender and Borrower otherwise aKree in writing, nny such application uf pn~c>ecJd tu principal shnll not extend or poalpon~* thedue
~i.~te of the monthly instaUments referred to in p~rnKraphs 1 nnd 2 herer~f or chnnge the amount of auch inataUmente.
10. Rorrower Not Releaaed. M xtensiun of the time for ptiym ~M nr m~xlificatiun of :imortizutiun nf th~• xums aecurrd by t:~ia MortK.-Ke
,; r.~nted t-y I.ender to any sucrE~su~r in inlereat of l3orruwer nhull not uperate to rek.+se, in a~ny manncr, the liability of the uriginal Borrow~er
:~nd 13~~rrower's r~uccrs~urs in intrrest. l.ender shall not l~ n~yuircd to ~Y,mmence pnK•ec~clinKs u~;ainat sui•h succrsaur or rrfuae to extend time
t~ ~r paym~~nt ur otherN~ise mixlify amurtixatiun of the ~umr s~~cvrt~l by thiti \1urt~;:~K~• hy reusur. uf .~ny dem:~nd mad~• by tht• uriy;inal liorr~~w•rr
~nd IiurroN•er's sun•es~,rs in inter~wt.
11. Forbearance by Lender Not a R'aiver. Any forbearnnce by l.ender in exen•isinK any riKht o~ mmecly hemunder, or othemixc
.~ ffurded by applicable law, shall not be a w~iver of ur preclude the rxerciu~ of xny tiuch riy;ht or remcdy.'1'he procuremcnf of inyuranee or the
;~.+yment of taxes or other liens or charKc~ by Ixnder shall nut be a waiver of Ixnde~'s right tn accelerate the maturity of Ihe indebtecinebs
~~-~•urcKf by this Mort~aKe_
I'l. Remedies Cumulative. All remedies provided in this :liortgaKe are diKtinct and cumulative to uny other right or remedy under this
\t~~rtr:~ge nr nfforcied by Ixw or equity, and mf+y be exerciscYi concurrently, independrntly or successively.
1:;. SuccesaorA and Aasiqne Eiound; Joint and Several l.iability; Captions. The covennntrz and aRre~~menLs herein ~~nt~~ined ahall
hind, and the riKhis hernunder shai) inum to, the respective successore: ar.dassiKna of I.ender und I3ortuwer, subject to the pruvisiune of
,~ar.-Kraph 17 hertrif. All covenants and aKrremenla of I3orrower shnll be juint and several. The caplions and hrudinks of the pnraKruphe of
t'rii. ~lortgaKe arn for cuvenience only and are not to be usc~l to interprrt or define the provisions herevif.
14. Notice. F.xn~pt fur am~ nuticr rcr~uircYl under applecable• law• tu 1~~ Kivi~n in anuth•: r m:-nner, ia1:~n~• nutice t~~ Rurr~~wer pruvidrd furin
e i~ i, ~1~~rtKaKe shall be ~,~ven by mailinK such notice by ceRifircl muil addrrss~~1 to Korrower at the Yro~•rty Address or at such uther addresa as
1t:~rruM~er may desiKnafe by notice to l.endrr as providcd herein, and tb).tny nuticr to I.~nder ahall be Kiven byrrrtified mail, return receipt
n~~ urstrd, tu I.ender's addrr.4s statc~i herein or !o such other addre:c~ us l.~nder mF~t~ desiKnate b~ notice to t3orruwer:~a provided herein. Any
n, ~tire pruvidrd for in this !11ortKaKe shall tx~ dcr~mcd tu h:ive t~n given to 13~~rruwer ~~r I.~ndc~r ~a hen Kiven in the manner desi~;nated herrin.
l:i. l'niform 1lortgage; Governing I.aw~; Severability. This furm uf mortKaKecombim•s unifi~rm nn•enants for n:itiun~l usr and nun-
;n~fonn corenants K•ith limitrcf v:~ri::tiuna by juritidiction to ronstitute a unitorm security instrumNnt eY,~•erin~ real property. ThiK ~1r~:tKage
~ h:~li t~e ~;u~~ernE~c1 by the l.iN~ of the jurisdictiun in which the Properiy ic: l«~atirl. !n th~~ event that any provi~:iun nr cl~iuse of this ~1ort~aKe or
' h~~ \utr c~rnQicts with :~pplicuble lavv, such conflict sh.ill nut afftr, ~~ther pru~•isiunc of thi~ ~turtKaK~• ur the liote which can tx Kiven effect
..:.~..... ~..- ^:_•_--- -- ~ ' . . .. ~ , .. . - _ .. .. . . . _. . _ .
,..•.•••~• •••~ •-;;.-•...< <~~~K N,••: ~„~~u, .uw u~ uua ruu u~r yrut ~swus :u tnr ~aurtKuKt• anu tnr itiutr :~re htY•I.ued to tx• se~•erablN.
l(i. F3orrower's Copy. liorroKer shalt tx• furnished fi conform~d a~py of the tibte und of this AiortKa~;e at ihe time uf execution or after
r~ ~ uroation hercrof. '
~ 1:. Transfer of the Property; lssumption. !f all c~r any~ part uf the I'ru~x•rty ~~r un interrst therein is sold or tranyfcrred bti• liorruw•er
~~' •.~ ithout I.ender's prior writien consent, exclu~inK la1 the creatiun of a lien ur encumhra~nce sur»~rdinate G~ this ~1ort~;aKe,16) the rrratiun uF a
i~, 4, E~urch~ise money se~ urity interest for household appliancrs, Ic) a transfer by ~le~~ise, d.scent ~~r b~• operation of law upon the death nf a joint
t~•nant or ldl the Krant of am• leasehold interest of three years nr Ir:~s not cuntaininK ~rn uptiun tu pur.h.~se, I.ender may, at I.ender's option,
i~•i•I:im all the sums securect by this Mort~aKe to be immediately due snd payable. I,ender shail h~~•F• w xi~•ed such option to accelerate if, prior
1,~? ~~ the sale or trnnsfer. I~ender and the persun G~ w•hom the F'ruperty i~; to -x• suld or t ~unsferred rea^h a~; reement in writinK that the c-redit of such
3;,;v ,~~•rsnn is satisfacton• tu (A~ndrr and that thc~ interf•st pa>•ablr un the sums vecvrtri b~• this :~1ortKa~;e shall t~ ;it su~h rate as I.enaer shall
n-quEwt. If Ixndi~r has ~~;ii~•ec1. the ~~ptior! tu accele•r:~tt~ pr~~~ id~~d in thi5 p:u.i~;ra~~h 1~. :~nd if fiurruwer'~ ~uci~iw~ur in interrst h.iti execut~d a
•.t ritten assumptiun aKrcement ac•~•i~pttYi in w•ritin~ by Lende~r, I.c•ndershall rrlcase Rurruw•t•r frum all ubliK.itiuns under this :11nrtKaKeand the
\~~te. -
If 1.ender f•xrrci.~w ~uch ~~ptiun tn ae•ce•Ier:~tF•, I.e•nder shall m:~il fiurr~•w•rr notice of accelrratiun in acc~~rdancr weth par~+~raph 14 hereof.
~u~•h n~~tic~• shall pn~~•idt• a peri~Ki ~~f not le .ti th.in:N~ day. fr~~m tht~date the nuti~•c• is rr.:-il~d w~thin w•hirh 13~erruwFrm:-~• pci~• the~ums dec:artd
~luc•. If k~~rruw•pr tails tn pay tiuch vums prinr t~~ the• t•xpirati~~n ~~f ~uch prri~~d, I.emdi•r m:-~•, w-ithout further not~c~• or dem.ind nn Ix~rr~iK~er,
in~~oice:~ne remi~dif•s pi•rmitte~l bt p:~r:~~;raoh !H hi•rtr~f.
lti. Acceleration; Kemedieg. Except aH prvvided in parNgraph 17 her~v~t, upon Borrow•er's breach of any covenant or
a~re~ment of Borrower in this NortKage, includinQ the cvvenants tu pay when dueany sumssecured by this Nortgage, I.ender
s~rior to acceleration shall m~il notice to Borrower u.~ provided in paragraph 14 hereofapecifyinR:l l) the breach;('l-the action
reyuired to cure such breach; (31 a date. not lesx than 30 da~ s from thr date the notice is mailed to Rc~rrow•er, by which such
hreach must tm cured: ~nd (4- that failure to cure such breach on or brtore the dnte specified in the noEice inay resulC in
:icceleration of the sumH secured by thix Hortgage, foreelosure by judiciHl proceedina and salc~otthe 1'rnperty. The notice ahall
further intorm Rorrower of the ri~ht to reinstate atter ~cceleration nnd the right to eixsert in the foreclosure proceeding the
nun-existence of a default or any other defense of Borruwer t~~ accelerxtion and forecloaure. If the breach i~ not cured on or
h~•furr_ the date specified in the notice, I.ender ~t Lender'a option may declare all ot the sums secured by thix MortRage to t-e
immediatel~• due and payable without furtherdemand And ma~• foreclose this Mortgage by judiciHl proceedin~. l.ender shall tx•
~•ntitle~d to collect in ~uch proceedinK all expenseR of fore•closure, inrludin~, but not limited to, rea~onable attorney's fees, and
~•~~sts otd~-cumenlt~n• evid~nce, ubatrHCtti and tiUc re•portti.
ly. F3orrower's Right t~- Reinstate. ~otwithst~~ndinK I.rnder~tiilCfelrrationofthesumssec~umd b}•this MortgaKe, l~irruwershall hsive
the ri~;ht to have any proceedinKs tx~Kun by I.ender to enG~rcr this :11ortK~iKe discuntinucd at any time prior to entry of a judKmrnt rnforcinK
this :~tort~aKe if: ~a- li~~~mwer pays I.ender all sums w•hich wuuld be then due under this ~tortKaKe, thr Note and nr~tes ~ecurinK N'uture
:~dvances, if an~, had no acceleration uccurred; Ib1 Rurn,wer cures ali breachEn: of any otherco~ enanta or agreements of t3orsower eunt~-ined in
this MortKaKe; Ic- fiorruwer Nay4 all reasunable expenses incurred by [,Pnder in enforcinK the covenants and aKreemt•nts of Burruwer
cuntained in this MortKaKe and in enforcing I~ender's remedies aK pruvidt~d in pare~Kraph 1R hereof, includinK, but r.ot limited to, reasonable
attorney's fces; and Id! Borruwer takes such aMiun as l~ender may re~son:~My require t~~ assure that the lien of this ~1ortKaKe, I.endei a intereat
in the Yroperty and Bo: ruw•er's obliK.itinn to pay the sums sec•urc~l by this 11ortKaKe shull continue unimpaire~l. l.'~~n such payment and cure
by I3orruwer, this Mori~aKe and the ohliKatir~nK secured hereby shall remain in full form and effect as if no acreleration had occurred.
20. Assignment ot Renta; Appointment of Receiver. As additional security hereunder, E3~~rrower hereb~ aatiigns tn l.ender the rents
~~f the F'roperty, provided that F3orrower shall, prior tr~ acceleration under paraKraph ltt hermf ur abandonment uf tne E'roperty, have the right
t~, collect and retain such rents as they become due and payable.
Upon acceleration under paraKraph 1K hereof or abandonment of the Property. I.ender shall t-e entitled to have a receiver a~pointcd by a
court tr~ entrr upon, take possession of and manage the Property and to collecf the rentx of ~he Yruperty, including those past due. All rents
c„llected by the receiver shall be applied first to payment of the cos~; of manaKementof the Property and cullection of rents, includinR, but not
limitcd to, receiver's ferR, nremiums on receiver's twnds and reasunable attorney's fees, and then to theauma secured by this MortgaKe. The
receiver shall be liable to account only for those rents actually received.
oUUJ(~~~ i'AGE vJc7
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