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- 8. Inspection. I.c~n~lrr mii~~ ~nnk~~ ~~r ~•ausc~ t~~ I~~• n;u~l~• ;~c•a?~~~n,~l~l~~ rntri~~; i~!?oii ~uul inh~~eciion; of th~• Yto{~-
rrty, l,r~~videcl tl?at I.c~n~lcr ~hall };i~•c 13urro~~•rr noti~•~~ ~~riui• to a~n~• ~u~•li ii~:~?:rlion •~u~~ifyin~; renson:tblc causi
tlierafor relflted to I.eniler'~ intere~t in th.~ Yrc~licrt~~.
~ 9. C:ondemnatEon. 'l'iic ~~racec~ls ot uii~- ;?~~~nr~i c~r rlain~ ior ~I;~uu?f;e:, ~iirrct or ~~onse~~uentinl, in com~ectio~i ;
~~~ith iu~y roiuleijuti~?tion ~ir oiher tz~kink u~ tlu~ Pri~~~~~rt~•, ~?r {~;?ri tliere~i, or for c•u~?~~c~v~ince in lieu of cotulenma- !
t~ion, nre herel?~~ iis:i~;nc~l nn~i ~hiill he ~~aid to t.cn~icr. - ;
In tl~e e~~ent oi :1 tutal tukinfi ot thc I'ro~icrt~~, tl~c ~n•ocred~ ~luill h~~ u~~~~liecl t~ tl~e ~ums secure~l 1?~• this \tor±-
~uge, ~~•itli Ihe e~ce~,, if am•. ~?,iici to I3nrro~~~er. In tlic• r~~ent c~i ~?:?rtii~! tai;infi of the ]'ro~u•rty', iu~le~s Rorro~ver . ' ~
; ;?nd I.endei• other~~~ise :i~rcr. in ~~•ritii~G, ther~ shall !~c .~~?~~lic~i to t'~e ~um~ seciu•c~l 1?}~ this ~inrt~;a~ge sttch ~~ro~~or- ~
tion uf the proceeds iis is equiil ta thnt ~~ro~~ortion ~~•l~ich t!?e amount aE ihc sum~ sec~ired b~• thi~ \iortgn~e imme-
` ~liz~tely ~~rior to tlic ~int~~ ot tnking benn t~? thc fair ~~uuk~~t ~:ilu~~ ol th~~ Pro~~ert~• im~ncdintel~• ~~rior to the date ot
' tnking, ~vitii thc hninnce oi thc ~~roccc~ls ~?:ii~l to 1~orro~~•c?•.
: If thc Yropcrt•y i; a?handoned h~• 13orro~~•er or i[ after »oticc h~• I.endcr to 13orro~~•er th~t thc condeumor offcr~ ~
to ~uake an a~~•nrd or ~ettle :t clrtim far da~ur~~;e_, Rorro«•cr i'ails fo rn~~~and to t.encler ~~~ithin 34 ~1ays of thc zlnte ~
oi such »ot~ice, i.ender i~ ;u~thorize~i ta collect :uui r~~?~il~~ tl~e ~,roccc~l~ iit Lender'~ o~~tion cither to restoratioi~ or
_ repair of the Yropert•~ or to the ~tnus secureci h~• thi~ \[ort~;aKe.. ~
ilnless Lcnder und liorro~~•er other~~~ise agme in «•riting, nny sucl~ ~ipplicFtion of proceeds to prin~cipnl shnll ~
_ not e~tencl or ~~ostpone tLe due d:?te oi tlie ~uo.~ihl~• instalinunt~ rcferrecl to in ~~ar.~gra~~i~s 1,nd 2 hereof or }
. ~ ~ ch~inge the t~niount of such installments. ~ - . ~
. l0. Borrower Not Released. I:xtension nf tltc timc for ~ri~~mcnt o~• niodificaiion ot amortizniion of the s~nns
secured by this \~iortgage granted bt• I.encicr to nn~• succesior in interest of Borro~~~er shall ~~ot, o~~era~fe to release, ~
in any nia~mer, tl~c lizhilit~~ oi thc ori~inal 13orroti~~er nnd Bo~~ro~~•cr's succe~sor~ in interest. T.ender shall not be _ ~
required to cou~n~enec ~~roceeclings agninst, ~ttcl~ sttccessor or refuse to extend ti?ne for ~~n~mciit or othsr«ise modif~~ ,
amortizntion of tl~c s«n~s Secur~ct h~• this \lortgngc h~= re~son of .~n~• ~ic~unnct ~u;?de b~• tlie original I3orro~~•er nnd ~
Borro~ver's succe~sors in interest.. ~ - - . ~ _ ~
: 11. Forbearance by Lender Not a Waiver. :1n~• forhe:~i.~nce b~~ T.ender in exercising ,tiny right or reniedy
; hereunder, ur othcr~~•ise nt~ordeci h~• appiicnblc la«•, shnll i~ot. be :i n•ni~•cr ot or ~jrecludc thc exercise of nn~• right
or remed~• herew:der. 'I'he ~~rocurement ot insnranec or thc ~?~~•meni of tnxcs or other lirns or ch~rges by T•ender ~
~ shall uot bc ,i n•ai~•er of Lender's ri~ht to :~~celerstc the ~n~tui•it~~ af the indebfccines~ secui•ed h~~ this \1ort~nge. a
12. Remedies Cumulative. :111 re~nedies ~~rovided in thi~ :\Iort~nge iire distii~ct. .~nd cuiiiuiati~~e to any other
. right or remed~~ u~~der this \Iortgn~;c or ~iflorde~l 1?~~ l.i~~• or ~~quity, .in~l=tiii?~• he exercised concurrentl~•, independ- -
~ rntit~ or successi~~ely• ~ . - ~
- 13. Successors und Assigns Bound; Joini and Several Liability; Captions. The co~•enants and ~greements
lierein contained shnll bind, uml thc ri~hts herew~der shnll inure to, thc res~~ecti~•c• ~ucce~sors :t~ui nssigns of I.ender ~
~ a>>ci I3orro~t~cr. ~uhject ~p. thc: ~iro~~ision~ of ~~:~r:~~r.i~i}i 17 hc~roi. :111 co~•cnantc :tn~l ~i~reements of Borro~~•er shall ~ -
bc joint :~nd ~c~•eral.'1'l~e ra~~tions an~l 1?cading~ ot ihe ~~:u-a~;ru~~h~ of thi. ~tort~agc are for com•enience onh~ and _
- :ire nflt to he itsed to interpret• or +lefine tl~c pi•o~•ision: hercoi. - _ ~ . _
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14. :dotice. :1~~• iiotice to }3orro~cer ~~ro~•i~led for in tl?i• \lort~;i~~;~~ ~l<<ill he gi~~en h~• m~iliug such e~otice bj~ '
' ~~e.tified ~nail a~ldre~sed to I3orro«~er af thc P~o~~ei-t~~ .\clclrc~~ •tatcc! i~clo~~-. excc~~t for an~• notice reqi~ire~l under ~
~~:u•,~~;m}~]~ 13 lit•reof tc~ be gi~~en to 13o~ra~~-~r in tlic~ mann~~r ~~re~c:ihed b~' up~?lic~ble Ift~~•. :1ny notice pro~~ided
for sn this \lortga~;c ~h,tll hc decnicd to hnt~c hecn f~i~•en to I3orro~~•cr ~~•hen ~i~-en in ilie mflnner designntecl hernin. ~ ~
15. Uniform Mortgage; Governing Law; Severability. 'rl~i~ form of ?,iortglge ~~on~hinc~ tuiifor~n co~•ent~nts
_ Ior ~~:ttional use ai~~i i~on-iu~i[orm co~•ena~it~ u•itl~ lin~itc~i ~•:trir.tion~ br juri~diction to eonstitute a i!nitorm secu-
rity instrun~ent co~•ering i•ez~ ~~ropert~•. Thi~ \tortga~c sl~all lu~ ~;o~•erne~l h~~ the 1~t«- ot the jurisdict,ion in which _ .
the Yro~~crt~• is locnted. I» tli~ c~•ent tl?~t au~~ ~~ro~=ision ~r cin~tsr. of tl~is \iortg~ge or thc 1TOte conflicts ~rith
anpliczble 1~«•; such conflict ~hall not :if~rct otl?er ~n-o~-;fiions of' ihi. \Iortga~e ar tl~c \Tote ~~l~ich cnn be given ~
- - effeet «~ithout thc~ confiicting ~~ro~•isiou, nnd to thi~ en~l the i3ro~•i~inn~ ot the ~tortgage anci the i~TOte ~re cieclared
- to bc severable.
_ 16. Banowei s Copy. Borro~~~er ~hzll be furniclicd a confonned co~n- of tl~is \Iortnage at tl?c time of execu-
t.ion or after rerordzfion hereof. . _
I7. Transfer of the Property; Assumpfion. If ;ill or ~n~• ~~art of the Propert~- or ~n interest therein is sold _
= or f~•ansferred 1>~• 13orro~~•er «•ithont I.c~ider'~ ~~rior n~rittet~ eon~eni. e~cludin~ fal tl~e creation of a lien or encum-
hrance ~uha:dinatc to tlii~ \tortgage. 11?1 thc cre:ition oi a ~~urcl~u~~• iuone}• _ecurit~~- intcrest for household :~ppli- -
,~ncc~, (c) ~ tr:~nslc~~• ~le~~i;c. <le~ccnt or o~~c~r.?fio» oi l:lt~' 11~~611 th~~ cleath ot a joint tenant or (d? the grnnt of -
:~n~• lensel~old intcrc~t of three: }•ears or la~~ noi ~•ontaiuin~; .u? o~?iion to ~n~rcliase_ i.c~ider ma~: st. I.ender's opt.ion, _
~icclare ail the ~um. ~ec~u•ed hti- thi~ .~iortgagc to I?C I11111iC(~IiltG~~• rlue an~i »arahle. T.cn~lcr ~hall hnt~e «~ai~'ed sttch
' option ta accelcr:~ie if. ~n~ioi• to tlie sale or t~-an~fcr, i.cn•ici• :~ud tl?c ~~erati fo ~~•lia~i~ the Yropertti• is to t~e sold _or
transferirci rcaeh agree~ne~it in t~-riting that tlic t•reclit ~~1 ~uc1~ ~~cr~o~~ i~ ~ati~factor~- to I.endcr and that tlie interest
~~a~•~t~le on fhe ~»n~~ ~e~~u~eci h~• thi~ ~[ort~;ac;c~ <Lal) lu• ai ~nel~ rate~ a~ T.e?zrlc~r ~h;i~l rec~uesf. Ii I.encier hns w~i~•ed
tl~e optio» to :u•c~cler,?te ~rro~•iclc~i in ti~i~ ~iaragr,t~~l; 1 i.in~l ii i3orro~rcr'~ ~ucce~sor i» infere~t Ir<~~ c~ecufe:l a~vrit-
tcu a~unil~tion .igreewcnt :iccc~~ic~l in «•riting i,~- I.en~ler. L~~ucicr ~i~:till relea~e I3orro~~~er 2rom all ~bligation~ under
this ~Iortgage and the \ote. -
If I.enrler e~ereises ~i~ch optiou to :~cceler.~te. I.ender shall ~~~3i1 Rorron•er notice of acceleration in accordanee .
I~~. -~~•it}i ~~aragra)~l? 14 l~ereof. ~itcl? noticc ~hall nro~•i~ic: u ~~eriod of nof te~~ tl?an 30 dt?~~s from the date tiie ~iotice is _ . -
- -.~nailed n-itliiii ~chich t3orro~ccr u?~?}• pa~• the stm~~ deelnrect ~lu~. [t I3orro~~•cr f~ils ~o P~tfi sueh ~i~zn~ prior. to the
= cxj~ir~itioj~ .?i sti~i~ ~~eriod, I.l'111~C1' Illll}'. R'1tllOii( fiirtl?~i• notire or ~ic~nan~i on Rorro~~-er, im•okc iin~• remedies per-
mitted b~• ~?;~r~~grapfi 18 }~ereof. . - -
\os-~~air-utcat (.'orr*:aa~r~. {ini•r~rn•rr :incl I.en~lc~r ftu•the~r co~•~~»ant ~~itd t~gree follo~t•s: -
18. Acceleration; Remedies. I~,x~~c~~t :t~ ~?ru~•i~lecl in ~iaragr:t~~h 1; i~creof, u~ioii }3orro~~-cr's breucii of an~ .
- co~•ena~jt or agree»>ent oi I3orro«~cr iir ihi~ ~(c~rt~n~e. inelu~lin~; tl~e c~,~•enant; to ~~a~~ v~hcn due anj sums secured _
hy this ~tortg~ge, Lender ;~rior to aeceleratic;n ~liall ynail nofice to I3urro«-er ~?ro~~ided in P~sr~graph 14 hereof
speciiying: (1 I tl~c i~macl~; (2) ilie :?ction rc~~uire~i to cin-e sucl~ i,~~each; ~3~ a~late, not les~ than .hirtti~ days from .
the eiate thc notice is mailed to I3nrro«~c~r. I?ti• :chirh wcl? hma~~l~ ~m~~t be curerl; anct i4) that failu~e to cure such
breacl~ on or he[ore the date s~iccified in the notice ina~' re~iili in~.?cccle=r:~tion o[ the sums ~ecured b~ this \lortg~ge
_ ~u~~l ~.i1e of the Yro;~erty. If the brc.~ch is not ctn•e~t oi~ or h~fore tii< <latc :pecified in the notic~, I.ender at I.ender'F
'ff - option ~na}• decl.+rc all of fhc sum~ ~ecured 1~~• this ~lort~;a~c to I~c in~mecliatrly due and pa}~aUle ~~~ithout further
tiemand and n~ay~ foreclo~e this ~Iortgagc 1n~ jueiiria{ ~~roceedin~;. I.en~ler ~hall be entitl~d to colIect in such procceci- -
,~z ing :?11 ex~~enses of foreclosurc, i~?cliidir.g, hut not li~nitc+i to, i•casomtbic• attorncy'~ fees, and costs of documen#an~ -
evidence, abstracts anci titlc re~~orts. - _
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