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l.eoder's writtep agramcnt ar applicabb law. Horrower shaU psy the unount ot aN moKgage insuranc~e pnmiurns in the
manner provided under paraanph 2 hereo[.
Any amou~ts disbursed by l.e~ckr pursusnt to this paragraph with interat ~dep~~ shafl become additiona)
indebledness of Borrower secured by this Mortgage. Uniecc Borrowe~ anJ t_ende~ agroe ta other terms of paymen~ such
amounts shalt be payabk upao nMicc from I.ende~ ta Bomowcr rcquesting payment thcreof, and sAall bear interat from the
date of disbursemeot at the ntc payahk from lime to time on outatanding p~incipal uoder the Note u~less payraait of
i~terest at such rate would be contnry lo applicabk law, in which event such amaunta shall beat interest at the hish~st nte
petmissibk under applicabk law. Nalhing canlaioed in Ihis paragraph 7 shall require I.ende~ to incur any expenx or tak~
any actan hereunder. _
a. I~ectb~. 1_ender may make or cause ta be made rcasonabk e~tria upon and inspections of the P~qie~. provided
that l.ender shall give Borrower ontice prior ta any such inspection speci(ying reasonabk cause theretor rclatod to Lender's
inte~est in the Propehy.
9. Coodemwstion. The proceedc of any award or claim for damages, dircet or consequential. in connection with aoy
condtmnation or other taking af the Property, o~ pa~t therrnf, or fur co~veyrnce in liw of condemnation. are hercby usignal
and shall bc paid to I.ender.
in the cvent ef a tatal taking af thc propeny. the prcxceds chall be appticd to ~he sums sccurcd by this Martgage,
with the excess, if any, paid to Borrower. In ~he cvent of a partial taki~g of the Propeny, u~less Borrower a~d I.endtr
otuerwise agree in writing, therc shall be applied to the sumc secured by this Mortgage such proportion of the proceeds
as is equal to that praportion v?•hich the amount of the sumc secu~ed by this Mortgage immediately prior to the date of
taking bears to the fair market value of the Propcny immediately prio~ to the Jate of taking, with the balartce of the proceeds
paid to Borrowc~.
if the Property is aba~dooed by Barrawcr, or if. after notice by t.ender to Bormwer that the rnndemnor ofters to make
a~ award or setNe a claim far damagcs, Borrower fail. t~. res{x?nd to l.ender withio 30 days after the date such notice is ,
maikd. L.ender is authorized to collect and appty the proceeds. at I_ender's option, eitt~er to restontion or repair of the
Proptny ar to the sums secured by this Mortga1ee.
Unless l.enderand Bo~rower othervvise agree in verit~n~. aoy such application of proceecls to principa) sh~ll not exte~d
or postpone the due date of Ihe momhly installmcnts referrcd to in paragraphs 1 and 2 hereof or change the amount of
such installments.
10. Horrower Not Rekased. Extensian ot the time for paymeot ur modification of amortization of the sums ucured
by this Mortgage granted by l.ender to any ~i~ccecsc~r in interect of Borrawer shall noi operate ta r~elease, in any manner.
the liabiliry of the original Borrower and Aorrow~er s succes~rs in interest. Lender sfiall not be required te~ rnmmence
proceedings against such successor or rcfuse to ertend t+me for payment or otherwise modify amortizat~on of thr wms
secured hy this Mortgage by reason of any demand made b}• ~he ori¢inal Bormwer and Borrower s succescors in interecl.
ll. Forbearance by i,ender Not a Wai~•er. f~rhearance hy l.ender in exercising any right or remedy hereunder, or
otherwix afiorded by applicable law. shall not he a waiver af or prectude Ihe exercise of any such right or remedy.
The procurement of insurance or the payment of taxes or other liens or charges by Lender shall not be a waiver of Lender
s
right to accelerate the maturity of the indehtedness cecured hy this Mortgage.
12. Remedies Camulati~e. All remeclies pravided in this Mortgage are distinct and cumulative to any other right or
remedy under this Mortgage ~r afiorded hy faw o~ eyuity, and may be exercised concurrently, independently or sieccessively.
' 13. Sdccesso~s snd Assi~as Bouod: ~)oin! and Several i.jsbflity; Csptions. "Tltie covenants and agrcements herein
contained shall bind, and thc riRhts hereunder shall imire to. the respective successors and assigns of I_ender ~d Borrower.
subject to the provisionc of paragraph 17 hereof. All covenants and ag~eements of Borroker shalt be join~ and several.
The captiuns and headings of the pa~agraphc of this Mortgage are for convenience only and are not to be ~iud to
interpr~et or define the provisionc hereof.
14. Notice. Except for any notice rcyuired un ' able law to be given in another manner. (a) any notice to
Borrower pmvided for in this Mortga¢e shall he ~n by ma~ ing such notice by certified mait addressed to 8orrower at
the Property Addrcss or at s~ch othcr a s~ ~as Bormwer v designate by no~ice to T.ender as provided herein, and
(b) any notice to Lender shall he given.~certified mail. ret~ir receipt requested, to I.enders address stated herein or to -
such other address as Lender may de~ienate by notice t~ Bor .wer as provided herein. Any notice provided for in this
Mortgage shall be deemed to havc bcen given to Borr~wcr or I_ender when given in the manner desigoated hercin.
15. G'nitorm MortRa~e; Governing I.aN; SereraM7ity. This form of mortgage combines imiform covenants for national
use and non-uniform covenantc with limited variations hy jurisdiction to constitute a uniform security instrument covering
r~eal property. 'T?~is Mortgage shall be governed hy the law of the jurisdiction in which !he Ptoperty is located. In the
event that any provision ar rlauxe of thie Mortgage c.r the 1~iote conNicts with appticabie law, such conflict sha11 not afiect
other provisions of tbis Mortgage or the Natr w~hich can !+e given effect without the conflicting provision, and to this
end the pravisions oi the Mortgage and the ?Vote arc ~kclared to be severable.
16. Eorrowe~'s Copy. Borrow~er shal! tk furnicheJ a conformetl copy of thc Note and of thic Mongage at the time
of execution or after recordation hereof.
17. Traasfer of t6e Yropert_y; Assomplion. if all or an}• part of the Pmperty or an interest thercin is sold or t~ansferred
by Borrower without Lender's prior writ~cn consent. excluding (al the creation of a lien or encumbrance sutwrdinate to
this Mortgage. (b) the creation of a purcha~e mrne~~ crcurity interest for household appliances. (cl a trans(er h~ devise.
descent or by operation of law upon the dcath of a j~tiint tenant or (dl the grant of any leasehold intercst of thrcc ~~cars or lets
nol containing an option to purchase. Lender may, at t_ender'~ option, declare a!I the sums secured by this Mortgage to be
immediately due and payable. Lcnder ~hall have aai~~ed such option to accelerate if, prior to the cale or traRSfcr. I.ender
and the person to whom the Property ic t~~ be,oIJ or transferrcd reach agreement in writing that the credit oF cuch percon
is satisfactory to Lender and that the intcrr~t pay~able on the s~ems secured by this Mortgage shall be at s~~ch rate a~ 1_ender
shall request. If 1_ender hu waived the option to accelerate provided in this Paragraph 17, and if Borrower's successor in
interest has executed a writteo assumption agreement accepted in writing bv I.ender. Lender shall release Borrower from all
obligations under this Mongage and the Note. -
If Lender exercises such optio~ to accelerate. !_enckr shaU mail Borrower notiee of acceleration in accordancc ~~h
paragraph 14 hereof. Such notice shall provide a period of no~ less than 30 days from the date the notice is mailed vr~ithin
which Borrower may pay the sums declared due. If Borrower fails to pay such sams prior to the expiration of ~uch peri~xi,
Lender may, without further notice or demand on tk~rrower. invoke any remedies permitted by paragraph 18 hercof.
NoH-UNtFORtN CoveNerrTS. Borrower and l.ender funher covenant and agree u follows:
18. Accekratbn; Remedks. E:cept as proridcd io pars~np6 17 bercof. opa Eamwer's M+eacl~ oi s~y co~e~ant or
agreement of Borrower ia t6ts Maiga~e. iactudi~q; t6e co~enants to pay when dae aey saras secered br thk Most~a~e. i.ender
prior fo acceleratbe shaN ~1 aotlce to norrower ~ prorided lo parasraph 14 hereof specif~: (1) fhe breach; (2? the actan
required M erre ~ocb breach; (3) ~ d~e, aot kss than 30 days (rom the dstt ti~e sMice b aailed to Eo~t~orrcr. br wbk6 s~ch
bnscb a~rst be cnred; a~d (4) ttu~ failare to carc snch brescb oe or 6efore the dafe spcctfied iw N~e notice mar r+esnh iu
accderstloe of tbe seoas sec~ed by N~is :No~a~e. faeeclasore ~ jndkial ~rocesdl~ ~d sde of tbe Properry. 71~e aotice
shag fnrthtr isfo~n Eorrower of the ri~bt to ninstate dter sccekratioo aad t~e right to assert i4 tbe forecbsure proceedb~
the aon-e:isleaee of a dehe{t or aey Ml~er defeese of Eorrowcr,to accelcntio* and forecbs~re. It the breacM is aot cured os -
or betorc the date specified io tbe aotke. Ltnder ~t I.ender's option may dectare aY ot t6e sua~s sec~red bY this MortRa~r to be
i~eaKdiately due ao~ payabk witlaot furthe~ dem~nd ~r?d may fotecbse thk Mortta~e by jndicid proceedioR. I.~nder chall
be eotitled to co0ect in soc~ proceedinR ~ e:peases of forcclosure. iacladin~, bnt ~ot ~nited to, reatoaabk ata,rney's Eees.
aad costs of docneeutary erideoce, abstrsces spo litk roports.
19. Sorrowtr's RJ~6t to Reinsiate. NMv?~itbstanding l.enJer's acceleration oi the sucris securcd by th~s M~ngage,
Sorrower shall have the right ro have any proceedings heg„n hy 1_ender to enforce this Mongage discontinued at any~ time
G~ F 292 ~E 7i3 -
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