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8. lnepection. I.e~de~ may make or cauee to be mude rrasonable ant~ire upon and inepectiuns otthe property, provided that I.ender shall
give E3orrower notice prior to a~y auch inspection epecifying reaeonuble cauee therefur related to l.ende~ e i~terest i~ the Piroperty.
9. Condemnation. The pnxeecie o[ any nwurd or claim for damages, direct or coneequential, in connection with any rnndemnation or
other taking of the property, or part thereof, or for conveyance in lieu of cundemnatiun, are hereby aaeigned and shaU be paid to l,ende~.
I~ the eve~t of a total taking of the'I'ropeirty, the proceeds ahall be npplied to the eums secured by this Mo~age, with the excese, if any,
paid to Horrower. In the event of a partial taki~g of the Property, unlene fiorrower and I.ender otherwiee a~ee in writing, there ahaU be
+ipplied to the suma secumd by thie Mortgage auch proportion of the proceeda ae ia eyual to that proportion which the amount of the sume
xecured by this Mortgage immediately prior to the date of taking t~eare to the fuir market value of the F'roperty immediatrly prior to the date of
taking, with the balanca ot the proceeds paid to Borrower.
If the Property ia Abnndoned by Borrowe~, or i[, aRer notire by l.ender to E3orrower lhat the cundemnor offera to make an award or eettle a
claim for damagea, l;orrower faila to respond to I.ender withio 30 days aRer the date such notice is mailed, I~ender is authorized tocollect and
apply the proceeds, at l.endei e option, either to reatoration or repair of the property or to the aums secured by thie Mortgage.
Unless l.ender and E3orrower otherwiae aqrre in writing, any auch application of proceeds to principal shall not extend or poatpone the due
date of the month}y inatallments refe~red to in paragrapha 1 and 2 hereof or change the amount of auch inetallmenta.
10. I3orrower Not lteleased. lsxteneion of the time for puym~nt or modification of ~mortizatiun of tt-e sums secured by this Mortgage
~;ranteci by I.rnder to .iny successor in intemst of 13ormwer ahull not operate to relense, in nny manner, the liiibility of the original Borrower
und Fiorrowe~'s successors in i~terest. l.ende~ shnll not be requircd to ~vmmenrn pr«~ee.linKs s~guiost such euccessor or refuae to extend time
iur pnyment or othenvisr modifv .~moriicution of the sums securcrl by this Murt~uKc by rei~.wm of any demand made by theoriginal Borrower
and li~~m~wer's sucrt:ti.u~rs in interest. ~
I1_ Forbearance by Lender Not a Waiver. Any fi~rbearance by I.ender in exerciaing nny riKht or remedy hereunder, or otherwise
afforded by upplicnble lnw, shull not be a w~iver otor preciude the exercise uf uny such riKht or mmedy. Tt~e procurnment of insurance or the
p:~yment of taaes or other liens or charKes by l.ender ~hull not be a waiver of I.ender's right to :-ccelerate the maturity of the indebtednesx
.crured by this Murtgage.
12_ ttemediea Cumulative. All remedies pn-vided in thia hlortgaKe are distinct and cumulative to any otheT right or remedy under thia
~tortrage or afforded by law or equity, and may be exemise~i cuncurrently, i~dependend~ or successively.
I:i. Successors and Asaigns l3ound; Joint and Several Liability; Captiona. The covenants and aRreementa herein contained ahall
t~ind, and the ri~hts hereunder shall inure to, the respective successors and assigns of I.ender and {3orrower, eubject to the proviaions of
parAkraph 1? hereof. All covennnts ~tnd aQreementa c-t ~rrower shal) be joint and several. The captions xnd headings of the paragraphs of
this MortE;a+ge are for covenience only and are not to be used to intetpret or define the pro~~siona hereof.
1-~. Notire. M:xc~c~pt for any notia~ requimd under applic.~ble I.iw to be Ki~•en in unother manner, lal nny notice to I3orruwer provided forin
this Mort~;.~Ke shall be gi~en by mailinK such notice by cerlified mail addresged to Borrower at the f'roperty Addreas or t~t such other addreas as
lturrower may desiKnate b~• notice to l.ender us pmvided herein, and Ib) any notice to l.ender shall be given by certified mail, return receipt
nr~uestecl, tu I.ender's address st~~ted herrin or to such other address as I.ender may designate by notice to E3orrower as pmvided herein. Any
notice pro~•ided for in this Mortgage shall be deemed to have bern given to l~rrower or I.ender when given in the manner dexignated herein_
1~. Un iform ~tortgage; (:overning I.aw; Severability. This form oCmortKa~e combines uniform covenants for national use and non-
unif+,rm co~~enanls w~th IimitcKi ~•ari~tions by jurisdiMion ta rnnstitute a uniform security instrument ouvering mal property. This Mortgage
xhail tx• Ko~•erne•d tn the law of the jurisdiction in which the Yroperty is locatcd. In the event that any pro~•i~ion or clnuse of this Mortgage or
the Nute conflicts with applicable 1.iw, such conflict shall not affect other pruvisinns of this Murtgage or the Note which c3n be given etfect
u•ithuut the contlictinK pn~~•ision, and to this end the provisions of the h1nrlKaKe and the tiote ~re declared to be xeverable.
16. Rorrower'e Copy. Rurruwer shall be furnishrd a conformed copy of the Note and of this AiortKaKe at the time of execution or after
rc~cordation hereof.
l?..Transfer of the Property; Assumption. IC all or any part of the 1'roperty or an interest therein is sold or transferred by t3orrower
w~thout I:ender'~ prior w~ritten consent, excludinK lal the creatiun of a lien or encumbranm sutwrdinate u~ this Mortgage, (b) the creatiun of a
purrhase money security interest for huusehold appliances, le) a tranaCer by devise, d.-~smnt or by operation of law upon the death of a jeint
tenant or (d) the grant of any leasehold intemst of three years or les4 not containink an option to Rurchase, l~ender may, at Lender's option,
clcrlarn all the sums secured by this MortRaKe to be immediately due and payable. I.ender sh~ll have waived such option to accelerate if, prior
tu the sale or transfer, I~ender and the peraon to whum the Property is to be aold or Uanaferred reach aKreement in writing that thecredit of such
person is satisfactory to l.ender and that the interest payable un the suma tiecurrd by this MortKaKe shall be at such rate as l.ender shall
rt~yuest. If I.ender has w•ai~•ed the uptiun to acce•lerate pro~•idtVi in this para~[raph i;, and if t~~rrower's successor in interest has executed a
~.•ritten tissumptiun aKreement acceptrd in writinK by l.ender, l.~~nder sF~tl r~le.ise Burruwer from ull obliKations underthis 4lortgaReand the
\ otr_ ~ -
If [.endrr exercises such optiun to acc-elerate, l.ender shall mail 13ormwer notice of acceleratiun in ~ccordnnm with paragraph 14 hereof.
~ueh notice shall pro~ ide a period uf not less than :i1)d:~ys fr~~m thed.itr the noticr is rr.ailed N ithin w•hich Horrower muv pati thesumsdecl~red
due. If BorroW er fail:~ tu pay sueh sums prior to the expiratiun ot ~uch peric~cl. 1 xnder m.~y, withnut further notice ar demand on fsorrower,
invokeany remrdit~ permitted by para~rauh lK herer~f
18. Acceleration; Remedies. F.zcept as provided in paraqraph 17 hereof, uNon Borrower's breach of any covenant or
agreement of Borrower in this Mortgage. including the covenants to pay when due any auma aecured by this Mortgage. Lender
prior to acceleration shall mail notice to Borrower as provided in paragraph 14 hereof apecifying: (1-the breach;(2) theactiun
required to cure such breach; (3) e date, not leas than 30 days from the date the notice ie mailed tu Borrower. by which such
breach muat be cured; and (4) that failure to cure such breach mi.or betore the date specified in the notice may result in
t-cceleration of the sums secured by this Nortgage. foreclosure by judicial proceeding and sale of the Property.The notice ehall
further inform Borrowrr of the right to reinstate aRer acceleration and the right to assert in the foreclosure proceeding the
nun-eaistence of a default or any other defense ot fiorrower to acceleration and forecloaure. If the breach ia not cured on or
Ix•tore the date specified in the notice. I.ender at Lender'a option may declare all of the eums aecured by this Mortgage to be
immediately due and payable without furtherdemand and may toreclose this Mortgage by judicial proceeding. Lendershall be
~•ntitled to collect in such proceedin~ all expenses of toreclosure. including, but not limited to. reaxonable atturney's fees, and
c•osts of documentary evidence. abstracts and title reports.
l9. ~3orrower's Right to Reinstate.l~3otwithstandinK I.ender's acceleration of the sums secured by.this MortgaKe, E3orrower ahall have
the right to have any proc~.-edinKs beKun by I.ender to enforce this MortgaKe discontinued at any time priur to entry of a judgment enforcing
this Mortqage if: (a) Borruwer pays I.ender ali sums which would be then due under this Mortgage, the Note and~notes securing Future
Advances, if any, had no acceleration occurred; lb) ~3orrower curex all breaches of any other covenants or aqreements of BorroK er contained in
this Mortgage; Ic) Rorrower pays all reasonable expennes incurred by [.ender in en[orcing the covenants and aECreementa of Borrower
cvntained in this Mortgaqe and in enforcing I.ender's remedies as provided in paragraph 18 hereof, including, but not limited to, reasonablR
:~ttome3's tees; and (d) Fic-rrower lakea such action as I.ender may reaxonably reqUire to assure that the lien otthis Mortgage, Lender's intereat
in the Property and f3ormwer's obligation to pay the aums serurc~i by this Mortgage shal) continue unimpaired. Upon such payment and cure
by Borrower, this MortgaRe and the obligations secured hereby shall remain in full force and effect as if no acceleration had occurred.
20. Aaeignment of Rente; Appointment of Receiver. As additional security hereunder, I3orrower hereby assigns to Lendertherenta
of the Yroperty, provided that Borrower ahall, prior to acceleration under paragraph 18 hereof orabandonment of the Property, have theright
to collect and retain euch rents as they become due and payable.
LJpon acceleration under paragraph 18 hereof or abandonment of the Property, Lender ahall be entitled to have a receiver appointed by a
murt to enter-upon, take posaesaion of and manage the Property and to collect the rents of the Property, including those past due. All rents
collected by the receiver shall be applied first to payment of the coats of management of the Pmperty and collection of mnta, including, but not
limited to, receiver e fees, premiums on receiver's bonds and reasonable attorney a fees, and then to the aums secured by this Mortgaqe. The
recriver ahall be liable to acoount only for those rents actually received. '
R~~~x 348 F~~E 26fi2
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