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8. In~pscdoq. I.e~d~r m!1Y mak~ or canN to b~ ao~d~ rwosiabb ~ntriM upon and io~cbon~ ~tlM P~'oD~fi?. Dravld~d WatIwed~c ~bdl
~iw Horrow~e notio~ prio: b aqy wc6 in~pectioa ~ci~rin~ ewwiabM canM tbredo~ rdat~d to I~od~'~ int~urrt io t~ Pe~oqeyr.
9. Caade~snation.'11u pcoo~ed~ of any award ~ cLim toe dam~M. dir~et a~ oon~qwatlal. in oont~c~ioa with an~? aondrmoatioa oe
otl~e~ takint o[ t~ v~P~U?. a D~ or foc oonwY~ in lia u[ coa~d~maatioa. ar~ h~nby a~n~d tad ihaU b~ paW 1o Lad~.
Ia tbe event oi a bW takini o! ths Proy~riy. tbs proos~s shdl bs applied to tl~e ~am~ ~ecured b3? thi~ ~[oefsap, wilh th~ rs~ow, ii aqy.
pud to Boerower. In tM event d a paNial ta~ns of the Pruper~y. anleM 8oerowes end L,endK otherwi~t a~rss ia wsiti~~ t~ser ~U be
applied bo tbe rums Ncaeed bY ~h P~'oP~~ iu iu equd !o tbat p[opor~'ioa ~?hicb tM ~maunt a~ tl~e ~nmr
~ecured bi? Wis Mo~t~a~s immsdiately prios to tM date of talrias bean ~o the fair marlcet value otthe Propetty immedistsbr p~riorto tbe d~te ot
takins. with tbe baLnoa ot tlr proosedr Psid `o Ba:e~uwrer.
If the Propat,l? i~ abandoned by Baerowae. os i~ al~er aotios by Lender to Hoerowar that tbe ooad~mna~ olG~ to m~ an ~waed or Nttls ~
claim 6or dama~e~, Borrower taiL ~o respoad to L~r within 30 de~ys attes tbe date ~uch notioe i~ mailed. Land~r i~ antbo~ia~ed ~o oolkct and
apply t1~e p+oc~ed~. at Leo~dels optiw~. e~~ ~o re~oraaoA or repair o! ~he ~cy or to tba .nm. ,~cnred by ~his Maeka~e.
Unlew Lender and Borrower otheinvi~e asrse in writin~, anY ~nch aq?lication of pe~ooesd~ to principal ~hall not ~tend ac postpone the dw
dsts of tbs month~y ina1~11a~eati referred to in parasraplu 1 and 2 hee+eof or chan~e the amoont of a~ch in~t~llmenta.
10. Borro~rer Not Relea~ed. Bzt~nsion at the time for paymant oc moditicstan of amoitization oi the ~nau~ ~ecursd by t1u~ Mort~~e
graated by Lender to aqy suoceswr in int~rest of Bonm~er ehall not opente to nlease. in any.manner~ the liability oithe ori~inal Boee~owat
and Borrower's suooeesors in ia~ Lender shall aot be required to oommeaoe prooeedinBs aBainst sncb s~oeMOr or retuse to estaad tia~e ,
f~ pqyment or oth~v~se modify amortisation of the swna secured DY this Mortgage l~y reasoa of any demand made by the origind Boe~ower
and Borrower's snooessors in interest • ~
11. Forbsaraaos by Leader Not a Wdver. Aqy forbearanoe by Leader in ezer~lle,~~ro~~ remedY henunder, or utber~vi~s
a8o~ded by applicable law. shall no! be a waiver of or preclude the e~cerci~e of any snch ng6t or y.1l~e pcocaremeat of iasuranoe or the
paymeat of taze~ o~ oLher lien4 or charges by Le~nder shsll not be a wsiver of Lende~s right to aooelerate the mainrity o~ tbe indebtedaen
secared by t6is Mort~age. ~
12 Rea~edie~ Camaladve. AU reaiedies provided in this Matia~e are distinct and cumuL?tive to aay otber risht oc remedY under thu
Moricsge os afforded by law or eqnity. and me,y be ezaci~e~i ooncarre~tly. inde~endet?tly or ~uooasively.
13 S~ooeMOrs and Assipu Bound: Joint s~nd Sevenl I.tabiUt~?: Captions.'i~e oavensnts and agreemmts herein oo~tained shall
bind, and the righta herennder shall inun to. the napective sucoesson and as~igns of I~ender and 13orrower, subject to the provisions ot
paragraph 17 hereoL All covenaats and agreemenb of Bo:row+er shall be joint and ~evera1.17u captions and hcadings of the peragraplu of
Wis Mo~tgage are f~ coveai~oe only and are not to be used to interpret or de5ne the proviaions hereof.
14. Notiee. Esoept for any notice required under applicable law to be given in anathzr manner. (a) any noties to Borrowe: provided for in
this Mortgage ehall be giva~ by mailing anch notioe by certified mail addreraed to Bore~wver at the Property Addnss or at such otber addraa as
Bocrow~r may designate by notioe to I.end~ as provided henin. and (b) any notioe fo I.ender ahall be given by oeitified mei1. sdnm reoeipt
reqnested, to Iander's address statsd herein ~ to such othes sdtlnes as Lendet may designate by notioe to Boa+ower a~ ~ovided he~n. My
notioe provided for ia this Martgage ahall be deemed b have be~n givea to Borrod~rer or I.ender whea ~iven ia the maaaar desi~nat+ed 6en~n.
15. Uniform Mort~a~e; Governin~ I.aw; Severe~billtp. This form of mortgage combines nniform oovenanh for natioaal u~e and non-
unifo:m coveaants witb limited veriations by jurisdiction to oonstitute a uniform security instrnm~t aoverin8 nal p~operty.'1Li~ MortBa~ee
ahaU be governed by the law of the jurisdiction in which the Propedy is located. In the event Wat any provision ar claose of thia Moctgage or
the Note oontlicts with applicable Iaw, such conflict shall not affect other pmvieions of thia Mortgage or the Note ahich can be given effect
withont ihe oonflicting proviaion. and to this ~d the proviaions of the Mortgage and the Note an declared to be ~everable.
1& Borro~rer'r Cop~. Borrowe~ shall be fnrniahed a oonformed oopy of the Note and of tbis Mocfgs~e st t2?e time of ezecntion or after
rdation hereo~
' 17. 75ransfer of the Property; Assumptlon. If all or any part of We Property or an interest therein is wld or tesnafarred by Boirower
i thout Lender'F prior writtca c~onsent, ezcluding (a) the creation of a lien or encumbrance aubordinate to this Mortga~e, (b) the cnation of a
on en
f ~~rchese m~oney seeu:itq intereat for honsehoW appfianoes, tc) a tranafer by devise, de~cent or by operation of law a~ron t6e death a~a joint
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~ declan all the suma ~aured bY this MartBagt to be immediately dne and payabk. I.ende~r shall have waived sach option to aooelerat6 if, prior
' to the eale or transfer. I.e~der and the pereon to whom We Property is to be sold or transferred reach agreemeat in writint tbat tbs c:edit of snch
pereon ia satiafa~c~ory to Lmder aad tt?at the interest payabie oa the ~ua?s sewred by this Mortgage shaU be atanch raLe as Lead~r shall
reqneed. If I.ender haa waived the option to aocelerate provided in this pare6raph 17, and if Botrowds suooeesor in intes~st has ezecnted a
~ written awumptioa agreement sooepted in writing by Lender. I.eader ehall release Bormwer fmm all obligations unda this Mort~age and the
4 N~
~ If Leada e:ercises such option to aooelerate. I.endar ahall mail Borrawer notice of aocdaation in aoo~ordanoe with ParagrAPh 14 hereoL
Such notice ahall provide a pe=iod of not less than 30 days irom the date the notice ia a,ailed writhin wluch Bormwer may pay the sums dedand
k due. If Borrower feile to pay suc6 snma prior to the ~acpiration of such pe:iod. L,ender may. withont further notice or demaad on Horrawer.
~ invoke any remedies pe~rmit~ed by parsgranh 18 hereof.
18. Aoceleration; Remedles. Sa«cept as provided in paragrap6 17 hereof, npon Borro~ver's breacb of any oovenont or
agreement of Borrower in t6i~ 1[ortBaie. incindin~ tbe coveaaats to pay whea dae aay atms seatred 1yy this )dort~a~e.I.eader
prior W aeoeleration shall mail aotioe to Borro~ver as provided in pare~raph 14 he~ealspedfpin~ tl) ti~e br~ach: (Z) the ~dion ~
required tv cun wcb breach: (3) a date. not ld~ than 30 da,y~ irom the date the notioe is mailed to Borro~ver, by R?hfch ~uch
breach mud be cared; and (4) tLat fiilare to care sucb breacb on or befora t6e dste speciHed ia t6e notioe may rewlt in
acceleration of the sums ~red by this ~[ortga~e, for~re by 3ndicial proeeedint and w1e of tbe Property. T6e aot3oe shaU
~ further infonm Bore+a~ver of tbe r~t to reinstate atter,oceleration aind the ri~ht to west ia the forecloare Pmceedin~ t6e
i non-e~stenoe of a defank or any ot6er deiense of Borrower to eooeleration and toreeloan. If tbe breac6 is not cared on or
( before t6e date ~D~~ in the notioe. Leader ~t Lender's option may declare aU of the ~sms ~eonred b7 tLi~ 1[ort~a~e to be
{ immediately dae and payable witlwat inether dems~ad and may loreclo~e this l[ort~w~e b9 judicial prooeedinf. I.ender ~hall be
' entitled to eollect in snch prooeeding all ezpeases of foreciosure, includin~, bnt not W~ited to, reasoaable attorney?'s fees. aad
~ costs of documentary evidence, ab~tracts and title reporta.
~ 19. B~rrow?e~~Rt~t t~o Reinatate. Not~vitbstaading Leader's aooeleration of tbe sams ~ecured by tbis Mort~a~e, Borrower shall have
~ the right to have aa9 Prooeedings begun bY Leada to ~fa+oe tbis Mo~gaBe discontinned at anY time ~ior b eatry of a jud~ment enfonang
thii Moztsa~e i$ (a) Bormw~er Pi?Y~ I.eoder all ~ums which v?rnild be then due uader thia Ma~t~+iSe. the Nota and nM~es secusiag Pht~ue
Advanoes, if any. hsd no aooeleration oocurned: (b) Borrower qura all breaches of any oth~r ooveaants ar ssreemmb of Borrower oontained in
' this Moriga6e: (c) Boaawa psYs all nasonable apease~ incatred by Lender in eaforcing the oov~nants and agree~nents of Bormwer
~ oontained in thia Martgege aad ia enfae+cit~ Leader's r~medies aa p~ovided in paragtaPh 18 hereo~ inclndin8. but nd limited to, nawnabls
attorney's fees: and (a) ~ eakes.ncb achon a. Lendrr ~y ree.onably req~n to a.sure that d~e li~ of this ~ottgasa I.~c's int~ee~eat
in the Property and Ha~rmwer'r obligation to pay the anmi ~earred bY thia Mo~a~e shall vontinne animpaired. Up~ sncb paymeat sad cnre
by Horrav?~, this 1[ort;a6e as~d t6e oWi~ation~ secnred herebY ~haU ranain in full farae and eged iu if ~ aooderation had o«a~rred.
20. Assipn~ent of Reata: Appointrent of iZeoeiver. M additional aecaritY 6~reunda, Borrawe: berebY aa~n~ to I.eader tbs rent~
of the Propaty. p[ovided tbat Bormwrr ahall. prior b aooeiezation nnde~ para~rapb?18 hereof or abaadonment a~tLe Propecty. have theri~ht
to oolleet and retain snch re~,a a. tbey beoome due snd payab~e.
' Upon aooeleration nnder paragraph 18 ha+eo~f or abandanmr»t of the PropertY. Lender sball be eatit~ed to bave a reoeiver appointed by a
` o~urt to a?t~ apaa, t~ke pos~e~ of and manage the P~opatY aad to oolled tbe rea4 of the Property. inclnding tho~e paK dne. Afi renta
~ ooUe~.'ted by the recaver ~hall be applied 5rst to paymwt of the ao~ts of managemmt of tLe Property and oolkction of reah, indudins, bat not
~ limited to. eeodver'~ fees. Premiuaa on reoeaver'~ bonds aad ir,a~onable attorney'~ fee~. and t~a b the snms ~ec~rsd by thi~ l[art~ase. Tbe
ceoeiver shall be liabk to aooount only far thwc reata aduaUy reoeived.
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