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l.cndcr's written agreement o~ applicabk law. Borrowe~ shall pay the amount of all mort~a~e insurar~ce premiums in the
manncr provided undcr parag~aph 2 hercoL
Any amounts disburud by I.enJer pursuant ta th~ paragraph 7, with iatcrest thereon, shall become additiooal
inJebtedoess of Borrawer secured by ~his Mongagc. Unletis Borruwe~ and I_enJer agree to other temu of payment, such
amounts shall be payable upc~o nMice from Lcnder a~ Barrower rcqucsting payment thcrcoi, a~d shal) l~ar_intercst from the
date af disbursement at thc ratc ~+ayahlc fmm time ta time cx~ outstanding principa) under the Note unless paymeot of
interest at such tale would be contrary to applicable law, in which event such amounts shall lxar iotercst at the highest nte
permissibk under applicable law. Nothing containcd in thix parag~aph 7 shall require Cende~ to incur any eapense or take
any action hereunder.
8. lospeefioa. I.ender may make or cai~se to !+e made reaco~able en~rirs u~n and inspections of the Property. provided
that I.eoder shall give Borrower nMicr prior to any such inspection specifying nasonable caux theroFor reiated to Lender's
interest in the Propeny. ~
9. Coademnstba. The prc~ceedc of any award or claim for damages, direet ar concequential, in connection with any
condemnation ar other taking of the Properly, o~ part thercof, or for conveya~re in lieu of condemnation, arc hereby assigt~ed
and shall be paid ta i_ender. ~
in the evcnt af a tolal taking of thc Pmpcny. Ihc prcxccds thall he applied to the sums secared by this Ma~tgage,
with the excess, if any, paid to Bormwer. In thc evcnt ~f a partial taking of the Propeny, unless Bc~rrower and I.ender
aherwise agree in writing, there shall be applied to the ~um~ securcJ b~~ thic Martgage such proportion of ihe proceeds
as is equal to that propc~rtion w•hich 1hc amount of ihc sumc ucured hy this Mortgage immediately prior to the date of
taking bears to the fair market value of the PruEx:rty~ immediately prior to the date of taking, with the balance of the proceeds
paid to Borrower.
If the Property is ahandoned by Borrowcr. or if. aftcr noticc hy l.cnder to Borrower that the co~demnor ofien to malce
an award o~ setUe a claim for dama¢~~, B~rr~wer fail~ to respond to Lencier within 30 days after the date such notice is
mailed. LenJer ic authorized ta collect and ap~ly the proceeds, at l.ender c option, either ta restoration or repair of the
Property or to !he sums ~ecured b~~ thix Mortgace.
Unlesc Lender and Borrow~cr othen+•icr agree in w~riting. an~• such application nf p~ckeeds to principa) shall not extend
or pactpone thc due date of the monthly installmcn~s refer~cd to in paragraphs 1 and 2 hereof or change the amount of
cuch installmcnts.
10. . Borrower Not Released. Eetension of the time (or pa~~ment or modiflcation of amortization af the sums securcd
by this Mo~tgage granted by I.eoJcr to any «K~~cexir in int~rc~t of Borrower shall not opc:rate to rclcase. in any manner,
ihe liability of the original Borrower and Rormw~rr'c succescorc in interest. I.ender chall not he mquireJ to rnmmence
proceedmgy against such successor or rcfuse to extend time for payment ar otherw•ise modify amortization of thr sums
se~ured by this Mortgage by reasc~n of am• dcman~,l madc b~• thc oriQinal B~xrow~er and Borrawers succes~rc in intcrect.
11. Forbe~uvnce by I.ender ~ot a Wai~~er. Am~ f~rhearance b~ 1_ender in erercising any right or remedy hereunder, or
otherwise afTc•rde~i by applicahle law. shall not he a waiver of or preclude the exercise of any such right or remedy.
The procurement of insurance or the payment of ta~ec or other liens or charges by I.ender shall not be a waiver of I.ender s
right to accelerate the maturity of the indehtednecs ucured hy thic Martgage.
l2. Remedies Cumulative. All remedies provided in this Mortgage are distinct and cumulative to any olher right or
remeJy under this Mortgage or atTordeJ hr law or equity. and may he exercised concurrendy, inciependeml~• or successively_
13. Saccessors and A~ns Bound: ]oint and Se~ eral I.iabilify: Captioas. The cavenants and agreements herein
comained shall bind, and the rights hercunder shall inure to_ the re~pective successorc and assigns of I_ender and Borrower.
subject to the provisionc of paragraph 1~ hercaf. All covcnaMS and agrcemcnts of Borrow•er shall be joint and several.
"ll~e captions and headi~gs of the para¢raph~ „f thie Mortgagc are for convenience only and are not to he uced ta
interpret or define thc pmvisions herrnf. ~
i4. 1Votice. Except for any notice rryuired under applicable law to be given in another manner. (a) any notice to .
Borrower provided for in this Nortgaee xhal{ he given h~~ mailing such notice b)' certified mail addresced to B.irmw•er at
the Property Address or at such other addrec. as R~rmaer mav designate b~• notice to i_ender as pm~~i:led hercin. and
!b) an}• notice to Leoder shall he given M~ certified mail_ retum receipt requested. to l.ender s address stared herein or to
such ~ther address as I_ender may de~i¢na~e b~~ n~tice t~• Borrow•e~ as provided herei~. Any notice pmvided for in this
Mortgage shal) be deemed to ha~•c t?cen eiecn ro Barn•H•cr or I:cnder vrhen given in the manner designated hereirt.
I5. Uniform Mort~a~e: Governi~ Law; Se.erabilif~•. Thi~ form of mortgage combines unifarm covenants for national
use and non-uniform coeenants w-ith limited variations M~ jurisdiction to constitote a uniform security instrument covering
real properry_ This Mortgage shall be govcrned h~• the law~ of the juricdiction in which the Property is I~~cated. in the
! event that any provisii~n or clauae of thiti I1lortga~ or the Note conflictc wilh applicable law. such conflict shall noi affert
; other pmvisions of this Mortgage or th~ N~tc Nhich ran be given eRect withoot the conflicting pm~~ic;on. and to this
~ e~d the provisions of ~he Mortgagc and the \`ote arc .ieclarcd to be severable.
~ - 16. Borrower's Copy. Borro~~•er shall t?c furni~hcd a conformed copy of thc Notc and of thic Mortgage at the time
of execution or after recordation hereoL
~ I7. Tnnsfer of t6e Property: Acsumption. 1( ali or an~~ part of thc Pr~~pcrty or an interest therein is sold or tranxferrcd
by Borrower without I.ender s prior• w~it~rn con~ent. r~~luding lal the crcation of a lien or encumbrance suborJinate to
this Mortgage. (b) the creahRn of a purchau: m~mc~• ~ecurin• interest for household appliances. (c) a trancfer hy devise.
dexent or by operation of law• upon thc Jcath ~.f a j~~int tenant or ld? the grant of any Icasehold interest of thrcc }•rars or less
not containing an option to purchase. LenJer ma~•, at Lender's option, declare all the sums secured by this Alortgage to be
immediately due and payable. Lender shall have ~.aived such option to accelerate if, prior to the sale or transfer. Lender
and the person to whom the Property ic tu tx .o1J ar trans(erred reach agreement in writing that the credit of wch peraon
is satisfactory• to LenJer and that the interc.t payable on the sums secured by this Mortgage shall be at such rate ac Lender
shall request. If I_ender has waived Ihe option to acceler:~te provided in this paragraph 17, and if Borrower'~ successor in
interut hac executed a written assumption agreement accepted in writing by I_ender. Lencler shall release Borrower from all
obligations under this Mortgage and thc Note.
If Lender exercises soch option to acce{erale. I.enJer sh;~ll mail Borrow~er notice of acceleration in accordancr u ith
paragraph 14 hereof. Such notice shall provide a~x:ricxl of not less than 30 days fmm the date the natice is mailed M•ithin
which Borrower may pay the sums declared due. If Borrower fails to pay such sums prior to the expiration of cuch period.
~ Lender may, without further notice or dcmand on t3orrowe~, invoke any remedies permitted by paragraph 18 hercof.
Nox-Ur?iFORUt CoveNeNTS. Borrower and Lender further covenant and agree as follows:
~ l8. Aecderatioa; Remedics. Except as providcd ia pa~r~p6 17 bereof. upon Borrower's breac6 of aoy coreos~si or
~ sgreemewt of Eorrower in t~ Mo~s~e, includiuR ihe covcaanls to pay wree dae aey soms secnrcd by thk Mort~s6e. I.eader
~ prior to sccekntloa s6aU mail wotke to dorrower zs provWed in psn~rnpb 1~ 6ereot spec~~: (l) tbe breacb; (2) t6e actioa
~ req'irrd to cere soc6 6reac6; (3) a dtte. not less t6an 30 days from t~e date the ooBce is ma8ed to Bormwer, by whicb suc6
breach ma~t 6e cu~ed; asd (4) t~at failure to cure secb bresc6 os or before ibe date speeffied ia tbe ootice mar resak in
~ aecekratios of tbe ar~s secared by t6is Mortga~e. forcclosnre by judkial proceedi~ md sale of tbe Property. 'Ibe notice
sba~ farther iaform Eorrower of t6e ri6M to reinstate after accekratioe aad tbe ri~ht to assert ie tre foralasnre pnucee~
~ We ooo-e:istenee of a defaolt or aoy other dcfense of Borrower to acceleration aad foreclawre. /f the breic6 ia eot cae~ed os
~ or betore the date s~eci8ed in tbe aotice. Lender at Lender's optbn may dechre a~ of t6e saess secared by fl~b Mo~a~e b be
~ immedjately dne sad paYabk without tnriher dcmand and may foreclose t6is Mort~a6t b~ judicW proctedio~. Lender shal!
be eotiNed to colkd iw s~cY Proceedir~ aU espeoses of foreclosurs, ioclYdioi, bot not ~ted to, reasossbk sttorney's fees.
~ aod cods of docs~entary ivideoce, ab~ts and titk reports. .
19. Eorrower's Rt~bt to Reia~tate. Notwithxtandin~t l.ender s accelerafion of the sums securcd by this Mortgage.
Borrower shalt have the right to have any proccedings t~egun hy I.ender to enforce this Mortgage discontinued at any time
ao~?2~s P~E ~