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8. In~peotioa. IwodK may mab a caw 1o Mm~ rwodabM w~ rpon ~d in~dioo~ ottM ~e~opw'b. p~ovid~d ~t L~d~ ~all
~iw Hon~o~w~r nofia peiae 1o aq~r wcb in~p~[an ~p~d~rlns:wonaDi~ caiw tlwe~a~ n4ad to Iwed~'~ iatawt in t~ A~opaqr.
9. Coed~oatbs.llw peoad~ ot aq~r aw~rd a d~im Loe dama~. di~~et a oompwat~al. in oonn~ctiou wit6 up oond~mnation a~
ot~ ~ at tlw P'op~kn. a~ yart Nw~~ ot ~oe aonv~rano~ in 1~ ot aoad~maation. aer h~by witn~d and ~D~11'b~ paid to I.endee.
In tLs eveat oi a tioW ~+ildni ot tLe Pe~oqet~?. t~ pi~oos~d~ ~hall b~ appli~d to ~e wm~ ~ecored by tLis lr[at~a~. wltb t~ ~soMS. if aqyr.
paid b~. Lt tbe rreat d~ puti~l taldn~ oi the Prop~rbr. ~1~ Haee~ow~e~ uid I.end~ ot~ewLt a~~ew in writin~. tl~er ~hall b~
applied Lo the ~am~ Nctired by thi~ Mat~~s wc6 propoetion ct tbs pcocssa~ as i~ eqnd to tbat pe~opae~ioa which the amoant o[ tDe sum~
sseured by fhi~ Ma~ immiediat~j? peio~ to ths dat~ ctta~l~in~ ban b th~ fiir mark~t valns of th~ ProQsMy imm~diahf,~r priorto ths d~te of
tatin~. with th~ baLna d t6s proossdr pdd 1u Barower.
IttLe Properfy i~ abandoaed by Bae:ow~ec, oe i~ a!~ nMios b9 IwodK to Boero~ tbat t~ oondemnor o~ies tu ma~1~ aa aw~rd or Nttk a
c4im for dam~LM. Hoeeaw~ faiL ~o nspoad to I~eodar wi~in 30 dyrs ~tbe the dat~ aa~ notios i~ maiied~ I.e~der i~ ~ntborjsed te oolkc! ~nd
apply th~ p~ooNds, at I.~ee'~ op~ioa. e[the~ b re~taraNoa ac repair at the p~opaty oe to tbe ~ams ~scaeed by fhi~ 11[oet~ass.
Unlea Lsndec and Boerowee otherwi~e ap~es in weitir?~, w? ~nch application of prooeed~ to prin~ipal ~hall notacte~d ae poslpone tbedne
dats ot tbe monWy indsllma~ts rsferred to ia para~raph~ 1 and 2 heebof or chan`e the amount ot soch in~talbomt~.
10. Horro~ver Not Released. S:tendon of the lims for paym~nt o~ modification of amortisation of t6e ~nm~ ~ecnred by tbis Mottgage
grantcd by I.ender to any ~nooes~or in intenst of Bono~?es shall not operate to rel~se. in any manna~. the tisbiti~y of the oci~inal Bo:rower
end Bo~rrowez'a sgoceswra in interest L~der shall not be reqnired to oommenoe ~ooeedingr against ~ach suooesro~r or refius Lo eutead time
for paym~t or otherwise modi~j? amostisation of the suma secured by this Maartgage by reason of any d~and mada by the osi~inal Bore~owec
and Borrowec's suoce~wn in interest.
11. Forbe~uranos b~ I.ender Not a Wdver. Aay forbearauos by Lender in ea~erc~in~ eu?Y si~ht a~ remedy hereander. or otherwi~s
afforded by spplicable law. shall not be a wraives of or parednde t~e ~arcise e~ any ~nch ri~ht or remedy.ll?e proeuremeat of inaaranae or ths
payment of tasa~ ac otber lie~u oe ehar~e~ by Leader shall aot bs a waiver of I.ender's right to aooda
ate the matarity o[ tlie i~ebtedna~
secured by this Mo~age. -
12 Remedie~ (~malative. All remedies psovided in this Mo:t~a~e are didind and a~malative to a~y dhsr ~h~ or ramedy nnder this
Mortrage ar atforded by law or eqnibr. and.may bs eserci~e~l ooncuresnt~y. indepead~dy or snoos~sively.
13 Soooepor~ end AMi~ Bonnd: Joint and Several Li~bility; Cwptlon~.'lLe ooveaants and agreements herein oontained shall
bind, and the righb herennder shall innre to, t6e respective suooessors and aai~ns of Lender snd Bosmw~, snb)ect to the paroviai~s o~
paragraph 1? Dereoi All oov.enants and agreements of Borrowet ehall bs joint and several. T6e csptiona snd headings of the pereigrap~s of
this Mactgage are far ooyeaienoe on~y and are not to be nsed to interpnt or de5ne the p:ovisioas ha~eoL
14. NoNoe. E:eept for aqy notice required nnder applicable law to be giv~ in another q~anner. (a) any notioe to Borrower provided for in
tbi~ Morq~age shall bs given by mailing anch notioe by oeitified mail addnssed to Barrower at the Propesty Adrirea or at sach other addrew as
Bose+o..ar may aesignate by notioe to Lenae~ es provided herein, and N) ~3? aaioe to r.eader ahau be g;v~ by ce~tised mait. rea~rn reoeipt
reqneeted, to I.ender's address atated haein or to sach other address as Leade~r may designate by notioe b Bo~ as provided herein. Aay
notiae provided ~or in this Mottgage ahall be deemed to have baea given to BorroMrer or Lender when ~iv~ in the manner designated here~n
15. Uniform ltort~a~~ Governin~ Lsw; Severability. Thi~s f~m of m~Rgage c~ombinea nniform ooveaant~ far national nse and non-
uniform covenants with limited variationa by jmisdidion to eonstitnte a uniform eecurity inetrument aovaing real p~ropaty. Thia Mortgege
shall be governed by the Ia~v of the jurisdiction in which the Pmpezty is located. In the ev~t that aay provision or clanse of this Mortgage a~
the Note ooatlicts with applicable law. soch oonflict ahall not affect other provisiona of thia Mortgage or the Note which can be giv~ effect
withont the aonflicting pmviaion. and to this end the proviaions of tbe Mortgage and the Note are declar8d to be severable.
16. Borro~ver'~ Copy. Borrow~ ahaU be furaished a confoimed oopy of the Note sad of this Mortgage at the time of ezecation or after
recordation h~eof. ' .
s 17.1`ransfer ot tbe Property; Asramptlon. If ell a: any paet of the Properly or an intenst ~ is sQ~ or transferred by Bormwer
v~~~thont I.eAde~e prior ~vritteaoonsent, ezclnd'uig (a) the creation of a fi~ or encambranoe snboidinate to tbie Mortgage, (b) the creation of a
purchase money secnritq inte~~es! for honeehold applianoes, (c) a isansfer by devise. deecent or by operation of law apon tbe death of a joiat
teaant or (d) tl~e grant of any leasehold inLerest of three yeare o~ lns not oontaining an option to pm+chsse~ I.eader mqq. at I~ende~e option,
declare all the sums secnreu by this Moitgage to be immediat~y due and payable. L~der ehall have waived wdi optioa to aooelerate if. Prior
. to the aaleor transfer. Leader and theperson towhom the Property is tobesold or transfere~edreach age~eementin wriling thattbecreditof sach -
person ia satisfactory to Leadu and that the interest payable on the aums sa.vred by this Mortgege ahell be at ench rate as Le~nder shall
reqnest. If l.ender hss waive~ the option to aooelezate provided in this paragraph 17. and if Bormwds snooessor in interest has ezecated a
written aseumption agrcemeat aocepted in ariting by I.end~, Lender ahall telease Borrower firom alI obligatione under this Martgege and the
Note.
If Leade ~erc~ses anch option to aucelerate. I.enda~ ahall mail Borrower notioe of aaoeleration in ac~oozdanoe arith paragraph 14 henoL
Such notice ahall provide a pe:iod of not less than 30 days from the date the notice i~ mailed within wbich Barrower may pay the snms declared
due. If Borrower feils to pay such sums prior to the ezpiration of snch paiod, I.eade: may. wilhout farther notice ar demand on Borrower~
invoke any remedies permitted by paragraoh 18 hereof. '
; 18. Acaeleratton; Remedie~. Ezoe~t as pmvided in paragrap6 17 hereot, apon Borro~ver's breach of an~? oovenant or
i a~reemeat oiBorrower in this ~[ortgage, inclnding the aov~anta to paj w?hen dne any wms ~ecured by this Mortta~e, Leadez
f P~r to aooeleration s6a11 mail notioe to Horrowrer ~s provlded in pue~raph 14 hereof spedl~in~: (1) the breacb; (Z) tbe adion .
~ required to care wch bresch; (9) a date, not les~ than 30 days trom t6e date t6e aotioe is meiled to Bore+ower, by which sach
breach mnst be cured; aad (4) tbat failnre to cure sach breach on or before the date spedfled in the nottoe msy re~ult in
aooeleration of the sums ~ea~red by thL 1[ortgage, foreclosnre by ~dicla! prooeedin~ and sale otthe Propsrty. T6e notioe sbsll
further inform Barrower of the rt~ht to rein~tate atter aooeleration and the ri~ht to a~sert in the foreclo~are proceedin~ t6e
non-~ce of a detanlt o~ any other defea~e oi Hormw+er to aa;el~aNon aad foreclowre. If the bzeecb b not cnred on or
before the date speciHed in tbe aot~e, I.end~ at Lender's option may declare all oit6e aam~ ~ecared bp thi~ l[ort~a~e to be
~ immediately dne and payable w+ithont tiuther demand and mgy foreclose this 1[ost~a~e by jadicial proceedina. I.eader ~h~U be
entitled to oollect in snc6 prooeedin~ all ezpens~ of foreciosure, including, bat not limited to, reasonable attorney's fees. and
~ oosts of documentary evidenoe, abstracta and title reporta.
~ 19. Borro~ve~"s Ri~6t to Aein~tate. Notwithstanding Le~ade~s eoceleration of the sum~ ~ecured by this MortgaQe, Borrower shall have
the:ight to have anY Dmoeedings begun bY Lead~r to enforae this Mortgage di~oontinned at any time prior to entry of e jndgmeat enforc3ng
; this Mortgage i~ (a) Bormwer pays Lead~ all sums which arould be the~ dne nnder tbi~ Maa't6aBe, the Note and aotes ~ecaring Fhture
r Advanoe~. if anp, hed no aaoeleration occnrred: (b) Borrower ctue. all breache~ of any other ooveaants ar agreemeata of Hormwer oontained in
j thi~ Most8a8e: (c) Borrower pays all reawnable e:peaies incnned by I.ender in eaforcing the ouvenants and agreements of Barrowrer
, oontained in tbis Mortgage and in eafoscinQ I~'s remedies as provided in paragraph 18 hereo~ indndiag, b~ aot limited to, r~abls
attame~s fesr, and Bormwer takes anch adion ar Le~der may r~soaably reqnire to assurethat the lien of tbis Mortgage„ I.ender's interert
ia the Properiy and Borrowe~'s obligation to pqy the snms secand by this Mortgage ahell oontinne nnimpenred. Upon sach payment aad cmre
by Bo=rower. thi~ Ma~tgage 4nd the obli~ations ~eenred hereby ahall ramein in fnll foroe and effed a~ if no aooeleration had oocurrsd.
20. ANi~nment ot Ren4: Appoiatment of Reoeiver. M additional ~nrity herenadez. Borrawer hereby a~si~n~ to I.eeder the rsnh
of the Propa~ty. provided that Bonower ~hall. prior to e~ooeleration nnder paragraph 18 henof or abandonmeat o~tbe Propeity, have theright
to oolled and ntain snch reat~ aa they become dne and payable.
~ Upon aooeleration nnder paragraph 18 ba+eof ar abendonment of tbe Property. Lendes shall lie ~titled to have a reoeiver appointed bq e
comrt to a~ter.upon, take poMewon of and mana~e ths Property and to ooUed the renh of tbe Pe+ape~ty, indnding tbo~e past dne. All rents
oollected bq the reoeiver shall bs applied ~nt to paymeot of tbe oo~ts of manasementof tbe Property and oolkctian of ewita, inclndin~. bat nd
~ limited to, reoeivd~ fee~, peemiam~ on reoeiver'~ bonds and rea~able ettoniey'~ fee~. and thee to tbe ~umo ~ecored by this ~oetgaae. T6e
reaiver ~hall be liabk to acoonnt ody far tbore rents adnsllq reoeived.
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