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t~~~~icr'< <~nttc~i agnra?ra~ or ~ppGi:~hir L~N. liurnr.~rr ~hall pa) th~ amaunl a( :~II mort~a~~ in,urance pr~mium+ ~n Ihe
manncr ~+r~~vidr.l unJc~ pa~agtaph ? hcrcot. ~
Am• am~~un~c .li.hurscd hy 1~~~Jcr }~~u.u.~nt t~~ ~his p.,ra~~.~ph 7. •.~ith ~ntrre~t Ihcrcan. ~hall txcomc addiU~~nal
in.l~h~cdn~y~ .d 1l.xrc~H~r ~ecurcd h~' Ih?~ ~lurlia~r. l'nl~.~ Ru~~~~~~~? :~n~l I rn~kt a~fc~` t~~ i~lh~r trrnic ~~f p~ymrnt, wch ~
amo~~nR ~hatt tk pa)•ahlc ~e~xm n~~tiir fr~~m I rndcr t~• B~~r~a.~~r r~~~u~.tin~ pa~m~n~ 1hrr~~~L and tihal) hcar iM~rc~l fr~~m thc
~l;uc ~f ~li~hur~rmrnt :~t thc ratr ~avaMc fmm timr In timc un ~utclandinR pri~:ipal ~mdcr thc Af!!c uol~is meat of
intcrrct at su:h ralc wc~uld 1?c conlrar~• t~~ appli~ablc laa•, io vChiiK~~~rnt ct~~h am~~unts ~hal! hcar intetMt~at 1hb l~st rate
(+crmiscihl~ undc~ applirable law. N~~thing cuntai~ed in Ihi~ para~traph 7 chall requ~re l.e~der to incur any erpenu or take
.iny actiun h~r~undcr. ~
8. Inspectiw~. I enJer mav makr o~.au:e ~o he made reacc+nahle rntricc ~yx~n and in~F?ecti~~ne of the Pmperty, preiviJed
that l rnder shall gi~•r Burrow~r nutic~ p~ior to an~~ s?~ch ins~x:cti~n s~x~ifying rc:~so~~bje r{~i~:e there(t+r r~~a~e4t to I.ender's
iot~r.at in the Pa~pcrty. } ~ :
9. Condeu~natbn. The prnc~tidc i~( any awa~d or claim for ~tama~es, direet o~ concequeOtial. ju~aueclion with_ any
4ondemnation or ~ther taking of ~he Pro~:rty, .~r part thercof, ~~r for :o~ve~ance ~n tic~rM,cbq~tfinatldn. a~e herchy accigned
and .hall I+c paid to i.ender. ° ~ : • ~
In the event of a total taking of the Pro~?erry. the prskeeds chall he applied to ~he,a~ma cecuHnd h~ thic M~~rtg3Re.
a•ith the cxoea. if any. ,~aid ~o Borr~~wcr. In the e~rnt of a panial ~~king ~~f ~hc Aroperly. ~mlecc florm~ive~ and i_tnder
.HF1CEN'IK' agree in veritine. there xhall he applied to ~he ~ums u.~cured h~• thi. M~ngagt ~uch proF?ortion ~~f the proceeds
as ic eyual t~ that propoAian which ~he amount of ~he sum~ te;urcd b~' this ~l~rtgage immediatel~ prior ~o the date of
taking hears ta the fai~ market val~~e of the Property immediately prior to the tla~e of ~aking. ~ith the balance of the pmceeds
paid t« Burmwcr.
ifdl~t Property is abandone~! by~~rroNer. ~r if. after notice hy I.ender to Borr<•Wer that the condemnor offets to make
c~~ et~i~a~d or settlc a claim f~r J~mac~~+. Hormwer f:+i!: a~ re.~~nd M Lend~r »•ithin ?0 da~~~ aftcr Ihe date xuch notice is
m~~led, l.ende~~ts authorized to crllert and ap~+ly the prc~ceeds. at l.ender'~ opti~~n. either to rectoration or rcpair of the
Pro~rt: c~r t~ thc sum+ s~:urec1 h~•~thi. Martgace.
t'~lestil.cn:kr and BormH~r Mhcrv?iv: agrcr in Hritine. anv .u•_h appierati~~n af prcxecdc !o principal ~hall nol c~tcnd
~ir post~+c~ne thC duz da~e nf tRe monthiy inst~llmcnts refrrr~~d to in ~:~ragrapM 1 and 2 hcreof ar change~ thc amount of
wch i~s~ailmcncs.
10. $orrower \ot Rekaced. F.xten.ion of Ihe time f~,r pa~~ment or madifica~i~~n of amorlization of the si~mc secured
hy thi~ M.~rtcage gr.~nted M Lender to am• .ucceccor io intere~t of Bormw•er ~hall not o~x:rate ta release. in any m~nner,
thr liability of the origin~t Borro~~cr aod 8orrou•er'~ selrcescorc in imercst. t.enJer chall n.~t he rrquired M commence
rr.xecding: against seich sucressor ~~r rcf~~~e 1~ extenJ timc for payment or o~hcrv?~isc maciify amortixa~ion ~f the sums
:c~urcd M~ thic Mortgagc M• nason ~~f am• dcmaod made b> thr ~~riiinal Burro~ser and Borrower's succcc+orc in intcrest.
I1. Forbearance by I.ender ~i~t a Wai.er. :~n>• G~rfxar~n~c h~• 1 rndcr in r~errisin~ am~ right or remrdy hcre~mder, ot
~~therwise afl'~~rJeJ by appticable law. ~hall not he a w:ei~•er ~~f or pre:lnde Ihe e~ercise ~~f any such ri¢ht or remeciy.
Thc pr~urement of insurance ur the paymcnt of ta~c~ ~r athcr lirn~ or chargrc M• 1_ender .hal) nM he a~aivrr ~~f (.cnder'~
right t~~ acc~kratc thc maturity of Ihc indchhdn~.c ~~cur~d h~ thi. ~tortgagc.
12. Remedie. Cumulali~•e. All rcmedics pr~~id~d +n thi, ~f~~rt~age arc ~listin.t and cumulativc to am• rnhcr rieht or
~emed~• unde~ thi: ?~lortgaet or a(f~rd~~cl h~• la~~~ or equi~~•. ar:J ma~• he e~erciced concu~mnth•. independemT~• .~r ~ocr~~~i~el~•.
13. Successors and AcsiRns Baund; ]oinf and Se.e~l I.iabilitv; Caption~. The covenants and agrecmentc hcrein
contaitK;d .hall binJ, and th~ riehts henunder sfiall inure t~~. ihc re~{xctive succesu~rs and acsigns of I.enJrr :,nJ Bc?rmwer.
,ubjeet t~• thc provi.ion< <•f par.ter:~ph 17 hereof. AH rnven:m~. an~ agrermentc of Borrowec shall be j~~ittt :md ce~•eral.
Thc canlionc anJ hcaJingc of thc paraer~, hc of this I?lortgagr arc for conv~nicncc ~nly end an: n~~~ t~~ hc uced to
intrrprct or dcfinc th~ pru~ i~ic.n. hcrcof. _
14. ?~otice. Exrept i.~r am~ noti.e rrqiiirrd undcr appiicahl~ la~. t.~ M: given ~n anothcr manner. (a) an~• notice to
R~~rr~~wcr providcd for in thi< ~1o~tgaLC shall hc gi~'~n h~' m.+iiin~ ~etih nntir~ b) rrrhficd m:~il addresticd tu Borroa~cr at
thc Pr~•pert~• A.idre.. ~~r as .~r~h othrr ad4rrct as Rorr~.wcr m;n dc.i:ria~r h~• m~;icr t~~ I cndcr :~s providcd hcrcin. and
i:~) a~:? n.~ti~c to I.c:~dcr .h::!! t~ givcn M• ccrtifirJ mail. ~ct?:m rec~ipl r~y«r.tcc~, ti~ 1 cndcr'. ad~lrc« statcd hcrein or to
~uch-uther adc:res. .is I.ender ma} designalc M nMire tn B~~rn~uer as p~o~~ideJ hemin. :1m~ ~i~tice pn~vided for ir~ thic
\turt~agc shall Ix decmed to havr becn givrn to R~rr~~ucr ~~r ! r+~~l~r .+hrn givcn in thc manncr ~k;signated herein.
15. Unifu~m ~ltortKaKe; Cn?ernin~ i.~w; Se.•erabiiit~. "Thi~ frrm .~I mortgaxe combines uniforrn rovenantc f~~r natia~al
n~r and nnn-unilun:i r.~~~~~~ati1. Hith limitcd ~ariati~•m h~• juri~~ii.tion to c~nstitule a unifonn xecurity indroment rovering
real properl)~. Thi~ ~1urlga~e ch:~ll Fn g~~vcmed ht~ the la~?~ ~~f thr juri..iiction in u~hich the Pmpeny is Ic~ated. In the
evcnt thal an~• rrovision or rl•ruK ~~f thic Mortcaec c~r thc \~~tc rnr~lli:t~ ~~ith applicahlc I3N'. SUCII rnnflict ~hall not afTect
~~thcr pro~~~ciom of this rlortca~c ,~r thr \'~~t~ ~.~hich can hr ~_i.cn ~ITcct ~.ithout thc ~ontliiting pro~•i~ion. and ta ihis
.nd !!:e ~f~?\'ISlO[l~ n( IFK ~~OllE3C~ an:l th~ \~~1~ arc .l~rlar~d t~+ tx «<~rahlc.
16. Borro~er's Cop~. Borro~~cr +haN h~ furni.he~f c~~nformed rop~• oi the ycrtc a~~J .~f thi~, '•?1o:;~a=c at the time
;~f execution or a(~cr r~-cordation hcre~~f.
17. Transfer i•f ihe Properfc: :lcsumption. 1f all ~~r :m.~ p:~rt uf thc Pr~•~xrtc ..r an intcrest tficrcin ic srld or tranaferred
h~~ Borr.~wcr tiithout Lcndci s prior «ritt~n con.~nt. c~~luding !a? thc crration ~+f lic~~ nr rncumhran~c suborJinate to
th~~ ~t~~rtgage. Ihl the creation of a purchau; monr~ v~urit~ intrrrst f~r he.ucehuld appliancec. Icl a tran.frr h~~ devise.
dexcnt or h~• o~xration of law u{xm thc ck•rth ~?f ii~ini t~nant ~~r (.h thc gram ~.f :~m• Irakhi~ld intcrest ~~f thrcc ~•cat, or l~cc -
not containing an op~ii•n tn purchase. i ender ma~. at I cnJc~ ~.~ptinn. de:lare all thc sum~ securcd M~ this Morteage to be
:mm4Jiateh~ due an~ payahle. l.cnder .hall ha~e ~~~.~i~rJ ~u:h rption ac~rlerate if. ~riar to the ~a1e or transfer. I.enJer
and thc perscm to wh~m Ihe Pro~xr~~~ ic to bc ti.~f:l u~ tr:~mfcrrcJ rca:h ~grerment in wrrting that thc creJit ~f such person
ic satisfacton• lo I_cn~t~r and that thc ittterr.t ra»blr ~~r~ tht sum~ sccured M• thit :~tort¢aec shall be at snch rate as Lender j
shall rryuest. If ! e»Jcr hac waired the opti~~n t~~ ac«I~r.~t~ pmvided in this p~ra~_raph 17, and if Bormwer s successor in ~
~ interest hac e~ecuted a u•ri!ten as,umption a?:rcermnt accepted in uriting h~ Len~ter, l.ender shall re~eace Borrower from all
obligations unJcr this Mortgagc and thc Notc.
If [.ender exerci~r. surh o~stion te~ aeceler.~t~: Lend~r ~hall mail Brrrowrr notice of acreleration in accordance w•ith ~
paragraph 14 hercc?f. Such no~ice ahall provide a~x riod ~~f nrt Ics~ than 30 da)'~ fr.~m the date the nMice is mailed within
which Borrowcr ma~• pa~~ thc ~ums Jeclared duc. I( B~rr.~w~r fails t~• pa~• su~h ~ums prior ta thc c.rpiration ~~f seuh pcriod,
Lcndcr may. w~ithuut furthcr noticc or dcm~nJ .~n ftorro~cr, in~~ol.e am• remedics pcrmittctl b}• paragraph 18 hereof.
Nox-UH~~oRi?t Co~~Fx~~TS. Bc~rrower a~d Lende~ funhrr ec•venant and agree as fotlows~
l8. Acceferation; Remedks. Eacept as pro~•ided in para~raph 17 hereof. upon Borrow~er's 6reach of any co~enaot or
agreement of Borrovrer in t6is'~iortgage, inctndir~ the co~-enants to pay ~hea doe any sums secured by this Nortgage. I.eader
ptior to accelention shall ms~il notice to Bormwer as pro~•ided in paragraph 14 hereof specifyin~: (1) ihe brexh; (2) thc action
requind to cnn snch breach; (3) a date. not fess tha~ 30 da~s from the date the notice is mailed to Borrower, by vrhich soch ~
breach must be cnred; and (4) that failure to cure snch breach on nr before the date specified io the eotice msy resuk in '
accekratioa of tbe snms secared by t6is Mortgage. forecbcure by judirial proceeding and ssle of the Property. 'tl~e notke ~
s6al1 furlher inform 8orrower of the right to reinsf~te after accekration and the right to asserf in the fombsure penceeding
tLe non-exkttnc~ of a defauk or any othcr defense of Borrow~er to accelerafion and forecbsure. if ihe breach is aot cored on
or before the date speci6ed io ihe notice. Lender ~t i.ender's option ma~ dectare all af the sums secured by this Mort~age to be
immediately dae and payabte witlwut further demand and may foreclose Ihis Mortga~;e by judicial proceeding. Lcndet shall
be entitkd to coltect in snch proceedir?g all eacpe~es of foreclosure, includi~. but not Bmited to, reawnabk attorne}~s Eees.
and coats of dacnmentary evideoce. abstrscts and titk reports.
19. Borrower's Ri~6t to Reiastate. Notwithstanding [.endcr's accelerati~n of the sums secured by this Mortgage.
Borrower shal) have the right to have any proceedings hegun by Lender to enforce this Mortgage discontinued at any time
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