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lxader': writtca a~reement or applir.abb law. Borrower shall pay the amouM.of all mongage insurancx premiums in the
manncr provideci ur~de~ pa~agraph 2 heroof.
Any amounts disburaed by t.ende~ pursuant to thit paraanph 7, with iatettst thc~+oon. shall becom~ additional
indebtodnus of Borrawc~ socur+ed by Ihis Mortgagc. Unkss Borrower and 1_ender agroe ta dher terms ot paymeot. such i
~ amounts shall be payabk upoo ncuicc fmm I.cnde~ ~a Bonower rcquestic~g paymcnt Ihercot, and shall bea~ i~tercst frum the ~
date of disbursement at the ratc payabk fram time ta time o~ outstanding priocipal unda~ the Nde unkss psytn~t ot ~
interest at such rate would be contnry to applicabk law, in which event such amounts slull bcar intercst at the hiahest nte ~
permiasibk ur~der applicabk law. Nc~thing.rnntained in this paragraph 7 shsl! require l.ender ta incur any expease or t~+te ~
any action hercuader.
S. Iws~ectio~, i.ender may make or cause 1a be made reas,onabk en~ries upon and inspections of tlx Property, providcd i
that I.ender shall give Borrower oalice prior to any such inspoctinn specifying rrasanabk cause therefor rclated to I.ender's ~
interest in the Pmperty. .
9. Co~deiaqtba. 'Il~e proceeds of any award or claim fcx damaRes, diroct or consequential, in connection with any ~
condemnation or ather taking of the Property, or part tliereof, cx for ccx~veyance in lieu of candemnation, ar+e heneby assigned ~ ~
and shap bc paid ta I.ender. ~ .
in the event of a total taking af thc Propcrty, the prareeds chall he applied ta ~he sums seciircd by this Mo~tgage.
with thc excess, if any, paid to Borrower. l~.the event of a partial taking of the Property, unlecs Bartower and I.ender ~
atherwise agrcc in writing, there shall be applied to Ihe sums secured by this Martgage such propo~tion of the proc~ceds
as is equal to that praponian which the amaunt of thc sumc ~ecured by this Martgage immediately prior to the date of
taking bears ta the fair market value of the Property immaiiatcly prior to the date of taking, with the balance of the prnceeds
paid to Borrower.
If the PropeNy is abandoned by Borrower, o~ if, after notice by [.ender to Bormwer that the condanoor offers to maite
an award o~ settle a claim for damages, Borrower failx to respond to 1_ender within 30 days after the date such notice is
maikd, i.ender is authorizec~ to callect and apply the proceeds, at I.ender
s option, either to restoration ar rCpair of the
Prapeny or ~o the sums secured hy this Mortga~;e. ~
Unless i.ender and Borrawer otherwise agrce in wrifing. any such application of proceeds to principa! shal) not extend
or postponc thc due da~e af the monthly insta!lmcnts referrcd to in paragraphs 1 and 2 hereof ar change the amcwm of
such insiallments.
10. Bomuwer Nof Rdeased. Extcncion of the time for payme~t or modification of amortization af the sums uxurcd
by this Morigage granted by Lender to any tuccessor in interect of 8orrower shal! not opcrate to mkase, in any ma~ner.
the liability of the origi~al Borrower and Brrrower's successort in interest. I_ender shall no~ be required to commenee
proceedings against such succes.cor or refuze to extend time for payment or otherwice modify amortization of ~he tums
. secured by this Mortgage by reacon of any demand made by the oriQinal Bormwer and Borrowe~'s ~iceescors in interest.
11. Forbearance 6p i,eader Not a Waiver. Any forhearanre by Lender in exerciseng any right or remedy hereimder, or ,
olherwise afforded by applicablc law. shall not he a waiver of or preclude ihe ezercise of any such right or remody.
~~e procurement of insurance or the payment of taxes or other liens or charges by i.ender shall not tx a w~aiver of i_ender's
right to accelerate the maturity of the indehteciness cecured hy this Mortgage. ~ .
12. Remedies Cumolatl~e. All remedies provided in this Morigage are distinci and cumulative to any other right or
remedy under this Mortgage ar aQorded hy law or equity, and may be exercised concurrently, independentl~ or successively.
13. Snccessors am1 Assi~as Bound; ]oint and Several i.iaM'Rty; Captions. The covenants and agreementx herein
contained shall bind, and the rights hercunder shall inure ta. ti~e respective succe.csors and ascigns of Lender and Born?wer,
subject ro the provisions of paragraph 17 hereof. Al! covcnants and agreements of Borrower shall be joint and several.
"Il~e captions a~xi headings of the paraer•rphs of thi~ M~rtgage are for convenience only and are not t~ he used to
interpret or define the provi~ions hereof.
14. Notice. Except ~for any notice rcyuircd under applicable iaw to be given in another manner. (a) any notire to
Borrower provided for in this Mortgaee sha!! be givcn by mailing such notice by certified mai! addrested to Borrower at
the Property Addres~c or at such c~ther address as Borrower may designate b~ notice to i.ender as provided herein, and
(b) any natice to Lender shall be given b}~ certificd mail, retum receipt requested_ to I.encler
~ address stated herein or to
such other ad~ress as I.ender may de~ignate tiy notice to BorroKer as provided herein. Any notice provided for in this
-Mortgage shall be deemed'to havc been gi~~en to Bc~rmN~er or 1_cnder when given in the manner designated herein.
15. Uniform MortRa~e; Governin~: LaN; SeveraMlil~. This form of mortgage combines uniform covenants for national
use and non-uniform rnvenants with limited variatians hy jurisdiction to constitute a uniform security instrument covering
reai property. 'fl~is Mortgage shaU be governed h~• the law• ai the jurisdection in which ihe Property is located. Tn the
event that any provision or clause of thic Morlgage ~.r ~'he Note rnnflicts with applicable law, such conflict shalt not affeM
othe~ provisions of this Mortgage or the Note which can be given efTect w~ithout ihe conflicting pmvision, and to this
end the provisions of the Mortgage and the 1~ote arc ~kclared to he severabie.
t6. Bomower's Capy. Borroa•er shalf be furni~heJ a conformed copy of the Note and of thic Mortgage at the time
of e~ecution or after recordation hereof. ~
17. Transfer of t6e Propertv: Assumption. If all or am• part of the Property or an interest therein is sold or transferred
by Borrower without I.ender's prior writtcn ~onsent. e~rluding (a1 the creation of a iien or enctrmbrance suhnrdioate to
this Mortgage, (b) the creation of a purchace m~me~• securit~• interest for household appliances. (cl a transfer M• devise,
descent or by operation of l.aw upon the death of a j~,int tenam or (d1 the grant of an}~ Ieasehnld interest of ~hrce }•cars or less
not containing an option to purchase, I_ender ma}~. at I_ender's option. declare all the sums secured b~~ this ;liortgage to be
immediately due and payable. I_ender shall ha~'C N';~1~'Cd such optian ro accelerate if, prior to the sale or transfer. Lender
and the per:con ro whom the Property ic to be sald or transferred reach agreement in v~riting that the credil of wch person
is satisfactory to I_ender and that the intercst pa~•able on the sums secured b~• this Mortgage shall be at such rate ae Lender
shall request. if I_ender has waived the option to accelerate provided in ~his paragraph 17. and if Borrower's suceessor in ~
interest has executed a written assumption aRreement accepted in writing by [.enekr. Lender shal) releace Borrow•cr from all
obligations under this Mortgage and the Note.
If Lender exercises such option to accelerate. Lender shall mail Borrov?-er notice of acceleration in acrnrdancr w ith
paragraph 14 hereof. Such notice shall provide a pericx! of not iess than 30 days from the date the notice is mailed u•ithin
which Borrower may pay the sums declared dne. If Borrower !ails to pay such sums prior to the e~piration of such }xricxl.
L.ender may, without further notice or demand on Borrower, invoke any remedies permittcd by paragraph 1R hercof.
Nort-UtvtFOttnt CovExeNrs. $orrower and Lender further covenant and agree as follows:
18. Accekratan; Remedks. Except as provided ia para~rapl~ 17 bereof. epo~ Dorrower's breach of any rn~enaat or
sareemeat of Bomower in t6ts Marts~e, including tbe coveaants to pay when ine any sams secared by th~ Mortgs6e. Ltoder ?
prior to accdentbn s6aif mail notice to Borrowc~ ss provided ia para6rapl~ 14 bereof spccifyie~: (1) tre 6rescb; (Z) tbe actioa -
nequired b cnre arc6 6nqch; (3) a date. not less f6au 30 dnys fro~a tbe date t6e aotice is ns~e~ to Borrowrr. by whicb sne6 ;
6oesch maet be cartd; and (4) tb~ failurr to care ~cb bnscb on or befwe t6e date speci6ed 's tbc ootke ~nay nsult in &
accekratbo of t6e stms sccnred by thi4 Mortgage. fortcbsure bY jadicTial Proctedia6 a~d sNe oE tbe Property. 1be ootice
s6a8 furtber ioform Dorrower of d~e ri~bt to reinstate after sccek~stio~ aod t~e ri~it b~ser! i~ t6e forecbwre p~ocee~g
the non-e:isteaee of a defao~ ot any M6er defense of Borrower to aceekntiow aad foreclowrr. If t~e breac6 is not corsd on
or btfore the date ~a~ed ia the ootice. I.ender at i.ender's optioe may deelare a~ of tre s~ss ste~rsd by this Mort~a~t b be '
immediately dne aod payabk wif6oot fnrtber demand and may foreclose trb Mort~a~e b~ ~ki~ p~oeeedia~. Lemkr slwll
be artitled to coDect is mcti proceediug aB expeases of foreclo~re, incbdi~, 6N ~ot iia~ifei to, rea~o~aWe attaraep's fees.
aod costs of docoa~eohry evideoce, s6strscts aad titk reports.
19. Domower's Rt~bt to Ae~e. Notwithstanding Lender s acceleratan of the sums securcd by this Mortgage.
Borrower shall have the right to have any proceedings begun by Leoder to ~nforce this Mortgage discontinued at any time
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