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!i. I~epection. l.ende~ may make or cuuese tu be mude m~sonable entrires u{wn und ina{xrtione oCthe pruperty, provided that I.ender eht+ll
~;~ve E3onower notice prior to any auch inspectiun apecifying rea~soniiblr caude the~efor reluted to I,ender's interest in the E'roperty.
9. Condemnation. The pr~x~eeda uf any award o~ clnim for damugee, direct or consryurntial, in connection with any condrmnntion ur
~~ther t:~king of the pn~perty, o~ part thereof, ur to~ a-nveyence in lieu of condemnatiun, ure hereby ~xxiKned und ahnll be paid to I.ender.
In the event of a totul takinK of the Property, the proceeds ehail be applird lo the aumx xec•und by thia MortgHge. with the e~cre+a, if t~~y,
E~uid to F3orrower. In the event of u purtial tukiog of the Pn~perty, unlexa Borrowe~ nnd fander otherwiee uKree in writing, there ahull be
:~ppiicd to the sums secured by thia MortgaKe such pruportiun of the pmcrede ua ie equal tn thnt proportion which thr amount of the aums
,~~currd by thia ~lnrtgage immedii~tely prior to the dnte of taking beara tu the fnir market vAlue of the 1'roperty immediutely prior to thedute of
t:~kinK, with the bnlancY of thr p~~eeds paid tu T3orrower.
If the Property ia abandoned by F3orruwe~, or if, after notice by 1~ender to liorrower that the cundemnor ~>fters to m~ke uo ~ward or ~etde a
~~I:~im !or damagea, Borrowrr taiis tu reaFwnd to Ixnder within :i0 duys nfler the date auch notice is mailed, l.ender is authorized to collect and
:~pply the prucecda, at l.elider'e option, either te n~+toration or re~u~ir of ihe property or to the auma secured by this Mortgnge.
Unleas l,ender Aud Ikirrower othemixe agrer in writing, ~ny such applicntion of pnx~eeclr~ to prinripal s~-.ill nut exiend or poetpone the due
~iute uf the monthly installmrnta rnterred to in parugraphs 1 and 2 hereof or chnnge the nmount of such inatallmenta.
IQ I3orr~w•er Not Relrased. Exirnsion uf the time for paym ~nt or malifica~tion of umorlit.~tion of the sums ~ecure~i by this MortRage
~;ranted b~ Ixnde- tu an~• Ruccctisor in intemst uf liorrower ~hali n~t operate to rele:i~e, in .~ny munner, the li.~bilih• of the uriKinal iSurrower
:~nd 13~~rruw•ri s suc:essorg in interest. Ixnder ~hull not t~r reyuind to ~Y~mmrnce pr~•r~~linKs .~Kuinst such succrs~cur ur refuse tu extend time
t~~r payment ur utherwive m~Kiify nmurtir<diun uf thi•,wn+,~Y•un~1 b~~ thiti ~lortKa};e liy reusun uf any demand m.ide by thf•uriKinal I;orrow•er
:~nd I~~rruwer's successors in interevt.
11. Forbearance by Lender Not a Waiver. Any furt,ezrance hy lA•nder in exrrcisinK uny right or mmedy hereunder, or otherwiee
~~ tnrded by applicnble law, shnli not be a w•uiver of ur preclude the ~xrrcise of anp xuch riKht or rem~dv_ The proc-urement of insurxnce or the
~~ ~~•ment of taxes or other liens or charKes by I.ender shull nt~t be a waiver of l.endrr'x riKht to ~ccrlerate the maturity uf the indeLtedness
;~Y•un~d by chis M~rtKage.
11. Remedies Cumulative. All remeciicus p~uvidc~l in thia AlorigaKe are distinci and cumi:lati~e t~- any other right or remedy under thia
\1~~rtraKe or afford~d by la~v or eyuity, and may t~e exerciscKl c~ncurrently, independently or auccessi~•ely.
13. 5uecessors an~ Aadigna Bound; Joint and Several Liability; Captions. The covrn~ntt~ xnd :~Krc~ments hrrein cuntuinrd xhall
hi~id, xnd Ihr riKhts herNUnder shull inure to, the m~{~e~:tive cucre~i:or:~'tind assiKns of I.ender and liorruN•er, subjrct to the provisiana of
E~:~ruKr:~ph 17 hereof. AU co~~enants .~nd aKreements of Borruwer 4ha11 be joint nnd several. The captions and heudinKx uf the p~iraRrapha of
! ii~. \tortga~;e are for covenience only and are not to be used to interpret or de6ne the provisic~ns henx~f.
1-t. Notice. Except fur am• notice myuirc~l uniler applicahle ~.IW GI IN• ~;ivi•n in anuther munner, ia1 any nuti~•~• tu I~~rruwer pru~•ided furin
; hi, ~Iurtk~+Ke sha!) tx~ ~iven by mailin~; such notire by ceriifiecl mail :~ddressEd :o lit~rruwer at the F'tu{-erl~ Addrr,.ti ur ~t ~uch uther addre.~x as
}inrru~cer ma~• deSiKnate hy iioti~r to IA~ndrr us pro~•idcd herrin, ar.d (bl t~n~• nutic-~~ tu Irnder yh:ill hc• Kiven hy certifie~ mail, return reeeipt
~~.~ ur,tc•d, tu IA nder's addres~ stated hereia or tu such other uddress as l.ender m:ig dcsiKn.-te by nutice tu F~~rruwer ar~ provided herein. An~•
u~ ~tice pruvidc~ci Cur in this MurtKaKe »hull be dE~mecl tu hx~•e be-rn given to Kc,rrua~er or I.e~der when g~ven in the r.man~er desi~;natrd herein.
15. Uniform Hortaage; Governing I.~w; Severability.'1'his form ~~f murt~:iKe comhines unifurm nn•enantx for natiunal usr xnd nun-
!~nifonn eu~•ena:its with limittvi a.iriations hy jurisdictiun tu ~ti,ntititute a unifurm secvrit>• instrunient cx,~•er.n~ real pruperty. This MurtKage
.h:ill fx~ ken•em~~ b~• thi~ laK• uf the juri~dictiun in µ•hich the Pr~~perty is Irx•.it~~cl. In the•e~•ent that ~~ny pru~•i~iun er clau~e uf thix Atort~age or
~ in• \utr cunflict~ N•ith applicable law•, such cuntlict shull nut affi~ct uther pro~•~sinn~ of thi5 ~turtKuKe ur the tiutr whii•h ran be k-iven effcrt
.~ ithuut thf~ ctimtlictinK pmcisiun, ::nd to this end the pru~•is:unti of the \1urt~;a~;e and th~~ \ute are deKdxre•d tu 1x~ se•~•erable.
15. Borrower's Copy. ti~~rruw~er shall be fumishtYl a ccn[ur:ncri rnpy uf thc tir,te und of this MortK:~Ke at the time of executiun ur after
r~~~~urdution he:cY~t. ) .
-~ 17. Transfer of the Property; Aseumption. If all ur any part uf the I'ruperty or an intf•rrst thPrein is suld c,r transfertec! by Burrower
~+ ithi~ut IA•nder':= prior writtrn cunsrnt, excludinK ~a) the cre:~ti~:n ~~f a lien or rncumbran~•e ~ut~~rdin.rte tu this ;11urtKaKe, ~b1 the crratiun nf a
~~ur~hase mune~• security interest for househe~!d appliances, lc) .~ transfer hy de~~ise, d: uent ur by oprration of law~ upon the death of a joint
t~~nant or ld) the Krant of any lea~ehuld interest uf thrr~e years or Icss not n~ntaininK ~n uption to purch.ise, I.ender map, at l,ender's option,
1~•c~lare ~ill t~r .ums securc~ by this :1lurtkaKe to bc• immediately due and pa}•able. (.ender sh.~ll ha~~~• w•aivrd such optiun tuarcelerate if, priur
t~ ~ the saleur transfer, l.ender and the ~rsun to w-hum thf• f'rupc•rt}• is to lx• tiold or tr.~nsferred rrach aKreement in writinK that the credit of such
~~~•~sun is c:~litifactun• tu IA•nder and that the int~•rest pa~-ab1~• un the sums s~~c~ur~r1 bt• thiti ~1urt~xkr shall bc• at such rate us l.ender tihall
r~~~uetit. If I.t•ndc•r h:is H•aivtK~ tht• ~~pti~in t~~ ,ice•~•It•r:~te pn,~•id~~i in this p.tr.~~r.~ph 1;. :ind,tf Ii~~rn~N.•er'~ tiuccrssn- in intere.t has extrut~~c! a
.. ritten ustiumptiun :~~;rrement accrpted in writin}; b~• Ixnder, l~•nd~~rsh::ll rt~lc•ase!?+~RUN"t~r frum,+l! ublikatwr.s underthis ~1ortKaKt~and the
\~~te.
!f I.ender exr•rcise~ such uptiun tn accel~•r:rte, L~•nder shall m:+il liorr~~wrr nutice of acc~elerati~~n in accurdance w•ith paraKraph 14 herc~f.
~u~•h rn~ti~•~• tihull prin~idc~ a pe•~i~wl nf n~rt less th:ui :t~ i da~~s fr~~m tlu• dati• the• n~,t~. e iti rr.aii~Yi w•ithin K~hich Kurr~~w~cr ma: pa~• thE• vumti drelarfd
~+ue•. If Itorr~ncer tail~ tu pay- tiurh ~ums pri~~r tu thr ~•xpirah+~n uf w~•h pe•~i:~d. I,<•nd~~r r.r~~•, ~a•ith~.ut (urthi•r n~rtice nr dc•mand un }irirrower,
~nvuke:~nt~ rrmc•~luy t~er~nitttrl I~y- ~;ar:~kr:~uh 1~ h~•r~•~~f.
1li. Acceleratiun; Itemedies. F;xcept as provided zn par~Krxph 17 hc•rtwf, upon 13orrow•er's breach of any covt~nant or
a~~recmc•nt ut Borrow~er in this tilurtgHge. including the cy-s-enantH to pay w•hrn due am• sumsaecurcd by this Mortgagr-, i.ender
priortoacceleration shall mail nuticetu Borrowerxs pru~•ided in pt+re~Rrt~ph 1•thereofsprcifying:ll)thebreach;l'lltheaction
re~<~uirPd to cure such breach; (3- a date, not Iexs than 30 days from the date the ;iotice is mailed to Borrower. by w•hich euch
hreach must be cured; and (41 thHt failure to cure such breach on or beforn the date specified in the notice may result in
.u~celerH!ion of the sums secured by this :Hortgt~gr, foreclosure by judicial proceeding and sale of the I'roperty. The notice shall
furthrr inform Borrower of the ri~ht to reinstate ufter acceleration and the right to xxsert in the forerluxure prceeeding the
non-existence ota default or Hn~~ other detense of Borroa•er t~~ acceleration and forecloaure. If the breach is not cured on or
trt•for~ the date specified in the notice. Lender Ht I.ender's option may derfare all of the xums securc:d by this HortgaRe to be
imm~~diately due and pavHblc~ w~ithout furtherd~•mand ~nd mt~}• foreclosethis:Hortgaqe by judicial proceedinR. Lender shall t~e
t•ntiUed t~~ collc•ct in such pracec~din~ aU expensi•s of fi-reclotiure, includin~, but not limitecl tu, rea~onable atturney's fees, and
c•ust~ of d~-cume•ntary evidencc•, abstr~cts and title report~.
19. t3orrower's Right to Neinytate. No!withstandin~ I.ender's accei~•ration of the sums securEd by this MortKaKe. ~rrower vhal! h:-ce
the riKht to h:-ve any prcxc~c~iin{s beKun by l.ender to enforce this R1urt~aKe discuntinuc~l at am• time prior to entry of a judKment rnforcinti
this MortKaKe if: la- 13~irrow•er pays I.ender all sums w•hich K•uuld be thrn due under thia 1lurtgaKe, the tiote and notE~, securinK Future
Advances, if .~ny, had no acceleratiun uccurrcd; lbl Korrux er c!irt~s all breaches nf any other co~•enanLg or agreements uf E~~rrow er containEd in
this MortKaQe; (c1 R~~rrower pa~~s aU reasonabli~ expenses incurred hy I.ender in enforcinK the covenants and aKreements of F3orrower
contained ir ;hi!? Mort~aKr :~nd in enfurci~R l.ender~s remedies av providrd in paraKraph 1R hereof, includinK, but nul limited to, reasonable
.ittorney's fee5: and id) F3~~rruwer takes such action <~s I.rnder ma~ re:~s~snabl~ require to assure that the lien of this ;11ortKaKe, t.ender's interest
in the Yroperty and I3orrower's obliKation to pay the sums secvred tn' thiK ~1ortKaKe shall cuntinue unimpaired. ('Fwn auch payment and cure
hy E3orruw•er, this ~fortKaKe and the nbliKation~ secured herrby ti, all remain in full force and effect as it no accPleration had ~xrurred.
`l(1. Asaignment of Rents; Appointment of Keceiver. As udditiunal security hrreunder, Borrower hereby flssigns to I.ender the rents
~~f the Property, pro~~ded that F3~rrower shall, prior tu acceieration under paraKraph 1N hereof or abandonment of the Property, have theriRht
tu cellect and retain such rentt~ as they becume due and payable.
[.'pon acceleration under paragraph 1R hereof or ab_~ndonment of the Propert5•, [.ender shalllx~ entitled to have a receiver appointed by a
cuurt to enter upun, t~~ke possession of and manage the Pmperty and to collect the renitz of the Yroperty, including those past due. All rents
~ti,llected by the receiver shall be applied first tn payment of the cosGs of manaRement of the Yroperty and coliection of rents, including, but not
limited tu, receiver's fees, premiums on receiver's ~mdx and reasonable attorne_v's feea, ano then tn the sums aecured by this Mortgage. The
receiver shall be liabte tn account only for those rentx actually recri~•NCf.
~~;;K351 F~a~E 910