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I~ndrr'. N~it~cn agrr~mrnt or appl~.:abie laN'. l3orrovrer shall pay thc amuun! ut all morigage imurance premiums in the
mam~cr pruwdr~i undcr paragraph 2 hereof.
Ant' amuunis Jishu~sed by 1 cn.lcr {~unuant tu ~his par.~graph 7, wi~h intcrest thcreon, shall A~comc additional ;
in~trh~cdnr,~ ~~f B~~rn~NCr secund h}• lltiti !11ur~g.~~c t'nlc.~ Borruwcr :?nii 1 rn~kr :~Kree tn Mhcr tcrms of payment, ctH:h ~
amaunt..hall tx pa}•ahle up.~n nu~ice frc~m I rnd~r tu B~~rruHrr rryuectin~ p:~ymrn~ Ihrrc~~f. and chall hear inlerest from the ~
.i:i~c i,i .ii.nurumrnt a~ ~hc ra~r pa>ai~ir i~uiu iiwr u~ li~nr ~~u uuh~.~nJiuk ~~~inci~,.~i uuSci t1~c ;`otc t;nlcsc pa}'tttCttt Of 4
intereet at turh r:d~ H~oul~i t+e r~~ntran• applic~hlr I:i~v, in uhich evrnt tuch amountc ~hall 1x:ar interect at the highest rate $
permic~ihle under applicable law. NathinF ~~~ntaincd in th~, par:~~raph 7 shall rcquirc I.cnder to incur any e~pcnse or take ~
:~ny a~tiun hcreundcr. , ~ . ? #
8. Inspection. Lrndrr ma~• ma~.c or i:u~.r t~~ he maJc rc:?tii~nahle cn~rie. u~xin and in~pectionc of lhe Property, provided ~
that Lender ~hall ~;ive Re~rraw~r ni?Ii~e pri~~r t~~ am• wrh im~cti~~n ~~xc+(yin~; « asunable cause therc(~r related to I_ender's ~
in~cr~~t in thc Pm~x;~ty~.
9. Cundemnaliun. Th~ pr~kred. ~~f .~m• :t~~:~rd ~~i rl:~im for ~lamaer~. ~iirccl or c~~ncequential, in connection wilh any ~
:ondcmnati~?n ~~r othcr taking af thc Pn?Ex~tp, ur part thcrr~~f. ~•r fa~r c~~nvcvancc in licu of c~mdcmnation, ~rc hcreby as~igned ~
:~n~l ,hall tk paid ti• I.cnd~r. ~ ~
In 1h~ cvcnt ~?f a to1a1 laking of thr Pra~xrt~• thc ~n~.:rc~l~ .hall Fx a{~~~lic~l t~~ thc ~ums sccurcd by this Mortgagc., • ~
with thc r~.ecs. if am•. ~aid t~. Borr~.wrr In ~hc evrm ~~f a{•arti:J taline uf thc Propert~~. unlecc Rorrower and Lender
othcrHi.r agm~ in writing. thrrc sh:~ll tx: applird t~~ Ihr ~um. .rrnrc~l M thi~ Mort~agc such pmportion c~f thc procecds ;
a~ ic cy?~:il tc? that proFx~riiun ~hich th~ :~m~,u}~~ .~t thr .um. .r:nrrd hy thi. \l~~riga~c immediateh' prior to the date of ~
takinc Ix:~r~ to the fair market valuc of thc Pm~rt~ immr~fiatch pri~~r u• the .l:~te ~f taking, with Ihe balance of the proceeds
p~id t~. B~rmw•cr_ .
lf thc Proper~y i. ahandonc.l h~• Rurr~~w~~r. if. aftrr n~~tirr h~• 1 rnder u~ R~rr~~wer ~hat the condemnor otfers to make
~ t
an :~w:~ni i~r ~cttfc a ilaim ti~r dam:~Lr~. ti~~rn~H~rr iail~ t~~ rr~{~~nU t~, 1 cnilcr Hithin ti11 (1:1~'1 aiicr inc dair ~uc~~ ~iGii~c is t
m:?ilyd. I.ender ic authnri7~d to cnUecl :ind :~~+rl~• thr ~?r~kred~, at l rndr~. npti~n. either M rectoratian or n;pair of the
Prs,Fxrt~ ~~r tc~ thc wm~ .«iired h~ thiti \1~~rt~a~c.
l'nles. I rndrr :ind Rorrc~~+er ~~thensi.r aerre in ~~riiinr. am' w:h .~~ri~~:~ti~~n ~f pre~c~edc to principal shall not e~tend
~~r ~xt~v~nc Ihr duc d~tc c~f th~ monthh ~n~tallm~nt~ rcfcrrcd u~ in raraLraph. 1 and hcrc~?f or change thc amount of
~uch installmcntc.
10. Borrowe~ Not Rele:icecl. E~tenc~~~n ~~f thr umc far men~ ~~r mndifir:+ti~~n +•f amorti7ati~.n ~f the sumc secured
h~• lhic '~1~~r1ga~;e gr.~nted h~• Lrn~kr ti~ an~~ :ucce~.ur inlcrr.t uf R~~rm~~er ~hall n~~t ~~~xrate to release, in any manner.
the I~ah~lii~• uf the ariein.~l B~.rroNrr ,~nd Krrmwrr'. ~u~cr~,~~r~ ire intere.t. 1 ender ~hall not he reyuired t~ commence
~?~x«<i~~~, :~g:,imt wch ~uc~c,s~~r c~r rcfu.~ tn rrtrn.i timr fnr pa~ mrnt ~.r ~thcrw i~e mc?dif~ amc~rtizati~n c.f 1hc sumx
~r. urcd h~ thi. '~1i~rtgagr h~~ rea~~~n ~~1 :m~ d~ma:~~l madr h~ thr ~,ricinal R~.rn~ti~•rr an~1 R~~rmwer's succLCSUr~ in intCrett.
I1. Forbearance bv Lender ~ot a~'•ri~rr. An~ f~~rttiaranrr h~ 1 rndc~ in crcrri~i~g am• right ~~r rcmed~• hcreunder, or
~~thrrwi.c ;~d~~rdcd hy a~plir.ihlc law. ~h.~l! n~~t Fx a~•ai~~cr ~~r ~+rcit?~dc thc e~crcisc of am• such right or remed}'. ~
"f~hr rn?~urrme~it c.f insuranre or the pa)•m~nt ~~f t.~~c. ~~r ~~ther lien~ ~x ch:~r~e~ h}• 1 ender shal! not he ~ K:+iver ~f I.enikr's j
ri~ht t~~ ;?~r~lrr.iti the maturity of 1he indrhtrdnr~~ .rtur~d 1~~~ thi~ A1e~rt~:?~:e. #
12. Remedies Cumulatire. All rcmedir~ ~m~~dcd in thi, !11~.rtgagc ~rc ~iissinrt an~l rumidativc tc? any Mhcr right or i
~em~J~ ~indtr thi~ M~~rtgagr.~r atTcxd~d h~• la« ~•r ryui~y. :~nd m:+~ Fx c~cr~i~rd ~.,ncurrcnth~. indcpcndcMh• or succccsivcly.
13. Sucee~sors and Acsi~nc B~?und: Joinl and Se~eral I.iability; ('aplionc. The ca~•enants and agreementc herein
r~~ntainc~l ah:~l! hind. and the riqhtc hercunder ~hall ~n~~rc to. the re:perti~•e tucce~u~rc and a~cignc of I.ender and Rormwer,
tnhject ta th~ pr~~vi~iom ~~f paraer:~ph 17 hrrr~•L :\II :ovrn:~nls an~l a~reemrntc c~f Borr~.wer chall he i<~int ~nd several.
The ~apti~~n, anJ heading~ of thr paracra~h. ~•f thi, ~1one:+gc arc fi~r ce~m•rnicnce i~nly and ~rc n~~t to tx: uscd to
intrrprrt ~~r definc thc pro.~i~ion~ hcre~~f.
14. \utice. Except for any noti~c ~eyi~irrd un~irr :ipplii:?Mc la« t~~ he ~eivcn in anMher manner. (a) any notice to
Fi~+rruwcr prati•idcd for in thic ~t~~it~aLr ~hall Fx g~vr~ h~~ mailin~ ~u~h ncHic:• h~~ ccrtificd mail addresKd to Borrower at
th~ Pn~~rty A~Idrec~ or at cuch ~•thcr addrc.~ :~c R~~rn•«cr m:i} dctii~n:+tc h~• n~~ti:r t~ 1 cnJcr as providcd hcrcin. and
~ (h1 am~ n:~tiec to l.cndcr shall Frc gi~~cn hv ~crtiticJ m:~il. rcturn rccript rcyucctccl. tc~ 1 cndcr c address stated hcrcin or to
' .uch .~ther addrese as 1 enJer ma~ decignate h~ n~~lirr t~~ Bc~rr.~wer a~ prm~ideii herein. An~ notice pmvided for in this
~ \1~~rt~:~ge ,hall ta: deemrd to ha~c tx~rn gi~~n tn B~~rn~µrr ~~r 1 rnder whcn c~~en in thc manner decignated herein.
~ 15. ('niform ~iorlq•aRe; Guvernin~ i,a..: Se~erabilih. Thi, form of mortga~c a~mhines uniform covenants for national
~i~c and m~n uni~~~rm an•enant~ with limitr.f ~~ariat~~m. M juri«iirti~~n t~~ cc~nstitute a uniform s~:curity instnimen! covering
rra! pn~pertc. Thi~ :Nortgage shall he g~~vrrnrd h~• thc law ~f the juricdirtian in w•hich the Property is located. In the
r~•c~t th.~t c«iy E~r~~visiem c:r clauk ~~f thic Mi~nLa~r ~,r the ti~~tr ci,nflict. ith applicahle law~. sunc ~onflict shal) not affect
rthcr pr,~~~~~i~~m of thic Mortg:fKC i~r the N~~t< <~h~ch ran hc gi~•~n etTcct ~~'ith~~ut thc ronflirting prrnition, and to thts
rnd thr pruri~icm~ .~f thc MortFagc and the `~•tc are ~ircl~rcd t~, hc ccvcrahlc.
16. Burruwers Copy. Barro~~r ~hall Fxx ft~rni~hrJ a rc~nfurmrd rnp}• u( thc Nc~tc and~f thi~ Mortgagc at the time
~~f r~rculiiin r~r aftrr r~ci~rdation heree,f.
17. Transfer of the Pmpertv; Acsumplion. 1( all .~r am r:irt of thc Pmpcrty or an interest thcrcin is a,ld or transferrcd
hy Bon.~a~rr withuut Lendcr's pric.r w•ritten :c~ncem. c~cluding 1:+! the creation of a lien ~.r encumbrance suhordinate to
rh,~ M<~rt~a~;e. (hl the creation of a purchace mone}• .crurit~• imerest (or h~useh~~1J applianees, (cl a trantfer by devise.
dc~~ent ~~r h}• r~ration of !au upon the Jcath ~~f a j~~int tcnaM ~~r (~U thc ~rant i~f any Icaxhold interest of thrce years or less
~~~.~inink an uption t~ purchase. Lender may~, r1 Lrnder'~ c.pti~~n. declare all the sumc secured hy this Morigage to be
~:~m~.l~.~tcl~ dne and parahlc. I.rnder shall ha~~e waived wrh uplion t~~ acrelerate if, prior to the cale or transfer, Lenekr
~~;1 thr ~r~un ~o whom thc Pr~~pcr~y ic to tx sol.i ur tran~fcrrcd reach agrecmcnt in writing that the credit of such person
;:,t;~fact~•r~ t~ I_ender and that the intere~~ pa}•ahie on the sum. tie~ured hy thic Mortgage shall be at s?~rh rate as T_ender
~~i re~;ue.t If I.endrr has waived the option tc? accelerate prrn•idrd in this paragraph 17, and if Borrower's successor in
r<<r executed a writtco assumption a¢reement accepted in writing by I.ender. Lender shall release Borrower from a11
~•F;.m un.icr thie MortgaKc and the Note.
1~ I ender exercicet ~uch option tc? accelerate. I en.fer .hall mail Borrower notice of acceleration in accordance with
~ra_ ~.~ph 14 hcrcof. Surh notire chall pruvide ~xri~xl ~~f n~~t Icsc than 30 da}'s from the datc ~he notice is mailed within
R;~rn~~er may p~~• the sums declare~ due. R~rruwer tailc io p:rv such wms prior to Ihe expiration ~f tuch period.
~ m.~~•. ~ ithnut further nolicc or dcmand ~~n Bc~rn+w•cr, ~m•okc am rcmcdics permitte:l by paragraph 1 R hereof.
`c~x-Uv~FOa+~ CovFV~NTS. Borrowcr and LcnJcr further cm~cnant and agrcc as follows:
18. Acceleration; Remedies. Except as prorided in par~roph 17 hereof. upan Borrower's breach of asy covenaet or
:~reement of Borrowcr in this Mortga~e. inciudi~ 1t~e corenants to pay when due aay soms secered by tbis Mortgaae, Leader
{~rior to ~cceleration shall mail ootict to Borrower as pro~~ided in para~raph 14 hereof specityioa: (1) tbe breacb; (2) the sclion
quired to cure such breacb; (3) s date, not less tban 30 days from the dste tbe ~wtice Ls maikd to Eomower, bp wbich soc6
A?cach must be cared; and (4) that failure fo curc snch breach on or 6eforo the d~e specified ie tbe ootiee rasr resalt in
acceler~tioa of the sna~t secnred by t6is Moirt~a~e, foreclosure by jodicial proceedio~ aod sale of tbe Pr~ope~. 'Itie ~otice ~
~hall further inform Borrower of the right to reinstate after sccekratian and tbe ri~bt to ~ert ia t~e foreclosore p~uete~
the non-e:istence of a defauk or any other defense of Borrower to accekrptan and foreclosurr. N t6e breac6 is'ot esred oa ~
:~r hefore the dste speci6ed io the notice. Lender at Lender's option may declare a11 ot tbe snms secnred by t6k Mort;aae b be
:..,,..e.~:e?=~., au. o.~.~ ..~~.N. w~tl~~ i~~r~~r ~lemaml ~od mav forcclose this Mortta[t br irdicial praceedio[• I.teaer s6afl
be entiUed to collect in sach proceedina all e:peases of forec{osure. inclndius. bnt not timited to, :+woable atfo~e~'s tees.
~nd costs of docamentary erideoce, abstrscts aad titk rcports.
19. Borrower's Ri~6t to Reisstate. Notwithstanding LenJer s acceleration of the sums socured by this Mortaage,
Borrower shall have the right to have any proceediogs begun by l.ender to enforce ihis Mottgage disconiinued at any time
~ 258 E~+~.~ 74~