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<br />by Mortgagors to Mortgagee and secured by this Mortgage, and shall bear interest from the date
<br />Mortgagee pays and amount until paid at the default rate provided in the Note secured by this
<br />Mortgage.
<br />8. Inspection.
<br />Mortgagee or Mortgagee's agents may make reasonable entries on the Property for purposes of
<br />inspection, provided that except in the event of a casualty, Mortgagee shall give Martgagors
<br />notice prior to any such inspection.
<br />9. A lication of Pa menu.
<br />Mortgagee shall apply all payments mortgagee receives from Mortgagors under the Note and this
<br />Mortgage first to reimburse advancements made by Mortgagee for protection of the Froperty,
<br />including interest on such advancements, second to interest, and the balance to principal.
<br />10. Forbearance Not Waiver.
<br />Mortgagee's failure to exercise any right or remedy available under this Mortgage or the Note it
<br />secures on any one default shall not waive or preclude the exercise of any right or remedy on the
<br />event of any subsequent default.
<br />11. Eminent Domain.
<br />Should the Property or any part thereof or any interest therein be taken ar damaged by reason of
<br />any taking by right of eminent domain, condemnation proceeding, ar in any other manner,
<br />including a deed in lieu of condemnation, ar should Mortgagors receive any notice or any other
<br />information regarding such proceeding, Martgagors shall give prompt written notice thereof to
<br />Mortgagee. The parties shall reach mutual agreement as to the receipt of any compensation,
<br />award, or other payments of relief granted with respect to exercise of eminent domain, with any
<br />amounts which Mortgagee may receive to be applied to the unpaid principal balance of the Note
<br />in the inverse order of maturity, without any reduction in the amount of principal and interest
<br />payments. In the absence of mutual agreement, Mortgagee shall receive such proportion of the
<br />proceeds as is equal to the proportion which the sums secured by this Mortgage immediately
<br />prior to the date of payment of the amount received by the parties bears to the fair market value
<br />of the Property the date of payment of the amount received. Mortgagors shall receive any
<br />balance of the proceeds.
<br />12. Assi nment of Rents.
<br />As additional security, Mortgagors hereby assign to Mortgagee the rents, profits and income of
<br />the Property, pravided the Mortgagors shall, prior to acceleration hereunder or abandonment of
<br />the Froperty, have the right to collect and retain such rents, profits and income as they become
<br />due and payable. On acceleration as provided herein, or Mortgagors' abandonment of the
<br />Froperty. All rents, profits and income collected by Mortgagee, or the receiver, shall be applied
<br />first to payment of costs of managing the property and collection of rents, profits and income,
<br />including, but not limited to, receiver's fees, premiums on receiver's and applicant's bonds, and,
<br />if allowed by law, reasonable attorney's fees, and then to sums secured by this Mortgage.
<br />13. Transfer of Pro ert .
<br />Should Mortgagors desire to sell or encumber the mortgaged Property or any part thereof, or
<br />enter into an agreement to sell or encumber the Property or any part thereof without the consent
<br />of Mortgagee, or Mortgagors permit any part of the Property or interest thereinto become
<br />subject to a lien of any kind without Mortgagee's consent, Mortgagee, at Mortgagee's option,
<br />can declare the entire indebtedness remaining due and unpaid secured hereby immediately due
<br />and payable and exercise any remedies available to Mortgagee under the provisions of this
<br />Mortgage.
<br />14. Default.
<br />Should Mortgagors fail to make any payment due hereunder, attempt to assign or convey any
<br />part of the Property or create any encumbrance thereon without prior written consent of
<br />Mortgagee, except far conveyance made under threat of exercise of eminent domain; or should
<br />Mortgagors breach any other covenant or agreement of Mortgagors in this Mortgage of the Note
<br />it secures, Mortgagee, at its option, may:
<br />a. Receive interest upon the principal balance, all accrued interest, and advancements for
<br />protection of security and interest thereon at the default rate pravided in the Note this
<br />mortgage secures from the due date of the installment or the date of other default to the
<br />date of payment;
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