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l.ender's writtea agrceme~t or applicabk law. Borrowe~ shalt pay the amount c~I ~t~ mortgage~nce premiums in the
manner provideci under parag~aph 2 heroof.
A~y amounts dist~uncd by IxnJer pursuaM to thia pa~agraph 7, with inierest thereoa, shall become additional
inJebtedncss of Borrowcr securcd by this Mortgage. Unlecs Borrowcr anJ I.enJer agroe to other terms ot payment. such
amcx~nts shall be payaAk upc~o notirc f~om Lender ~a Bc~rmwcr requcsting payment thereof, a~d shall btar interest from the
date ~f disbursement at the mte payahlc fmm time to tirt~ on outsla~d'mg pripeiprt?nt~ the Note unless payment of
i~terest at such rate would be contrary to applicabk law, in which event such amou~ts ~hall besr interost at the highest rste
permiasibk unde~ applicabk law. Nothi~g conlained in this paragraph 7 shall require I.ende~ to incur a~y expense o~ taf~e
any action hcrcunde~. .
s. /aspectio~. t.tnder may make ~r rause to be made rcasonabl~ entries upon and inspoctions of the Property, provided
that I.ender shaU give Borrower natice p~ior to any such inspection specifying masanabk cause therefor relatod to Lender's
interesl in tht Property.
9. Coademaatbn. The proceedc of any award or claim for damages, direct or cansequential, in conoection with any
condemnation or other taki~g of the Property, or part tl~errnf, o~ tot conveyance in lieu af candemnation, are hertby assig~ed
and shall be paid to Ixndcr.
in the event of a total taking af the Pmper~y, the prckecds ~hall he applicJ to the sums securcd by this Martgage,
with the excess, if any, paid to Borrowcr. tn thc event of a partial taking of the ~'raperty, unkss Borrawer and Lender
o~herwise agrce in w~iting. there shall be applied to the sums secureJ b~ thic Martgage sueh pooponion of the proceeds
as is equal ta that proportion v?hich ~he amaunt o( the sumc sec~~red by-this Martgage immediatcly priar to the date of
taking bears to the fair market value of the Property immediately prio~ to the date af taking, with the balance of the proceeds
paid to Borrowe~.
if thc Propcrty ic ahandoncd by Borrowcr, or if. af~er nntice hy I.cnder t~ Bormwe~ that the condemnor ofiers to make
an award or xt11e a claim for damages, Borrower fail. Io ~es~x,nd to 1_ender within 30 days after the date such notice is
mailed. 1_ender ic authorized to collect and apply ~he procecds. at i_ender's option, either to restoration ar repair of the
Praperty ar to the sums secured by this Mor~Raee.
Unless 1_ender and Borrower otherwi~e agree in w•ritinc. any such applica~ion of proceedc to principal shal) not extend
or poslpone the due date of the mo~~hly installmcnts referred to in paragrapht 1 and 2 hereof or change ihe amaunt of
such installments.
10. eonower Nof Rtle~ed. ~xtcnsion .of thc time ior payme~t or modification nf amortization af the sums secured
by this Mortgage granted by I.enJer t~. any ~ucce~u~r in interect of Borrower shall nat operate to release, in any manner,
the liabiliry ~f the originat Borrower and Bormwci s succesu~rs in interest. Lender shall not be required to commence
proceedings against sueh suceescor or refuce to er~end time for payment or otherwise mcxlify amortizat~~n of ~he ~i~ms
secured b}~ thic Mortgage by reau?n uf :~ny demand made b}• the oriqinal Borrower and Borrower s succescors in interecl.
II. Forbesrance by I.ender 1Vot a Wai~~er. :1ny fc.rhearance bt• 1_coder in exercising any right or remedy hereundtr, or
otherwise afiorded hy applicahle law_ shall n~t hc a waiver of or preclude the exercise of any such right or remedy.
The p~ocurement of insurance or the payment of tare~ or other iiens or charges by [.ender shall not be a waiver of I.ender's
right to accelerate the maturity of the indehtednecs ceciired hy thic Mortgage.
l2. Remedies CumulaH~e. All remedies provided in this Martgage are distinct and cumulative to any other right or
remedy under this Mortgage or atforded hy law or equity_ and may~ be exercised concurrently, independently or succecsively.
' 13. Snccessors aod Assi~os Bound; Joief and Serera! T.iab~7iry; C.aptbns. 'll~e covenants and agrcements herein
contained shall bind, and the riRhts hen:under shaH inure to. the rcspective succesu?rs and ascigns of Lender aod Borrower.
subject to the provisions o( paragraph 17 hereof. All covena~ts and agreemrots of Borrower shall be joiry and several. ~
The captions and headings of the paragraphs ~f thic Mortgage are for convenience anly and ane not to t~e ~tsed to
interpret or defi~e the provisions here~f.
14. Notice. Except for any notire reyuired under •rpplicable !aw to be given in another manner. (a) an~ notice to
Borrower provided for in this Mortgaee chall be given by mailing such notice by certiBed mail addressed to Borrower at
the Property Address or at such other addree, as Borrawer mav designate by notice to I.ender as provided herein. and
(b) am~ notice to Lender shall Me given by~ certified mail. retum receipt rcquested. to l.ender s address stated herein or to
such other address as I_ender may decienate b}~ n~tice t~• B~rrower as pmvided herein. Any notice provided for in this
Mongage shall be deemed to ha~~c t+ccn g~~•en to Bc?rrowcr or l_cnder when given in the manner designated herein.
15. Uniform MortRa~e: Gorernin~ Iaw~; Se~erabilify. This form of mortgage combines uneform covenants for national
use and non-uni(orm covenantc a•ith limited variatio~c hy jurisdiction to constitute a uniform security instrument covering
rea! properry. This Mortgage shall be governed h~• the law of the jurisdiction in which the Properiy is located_ in ihe
event that any provisiun or claute of thic Mong:ige ~~r the N~,te rnnflicte with applicable law, such conflict shall not affect
other provisions of this Mongage or the N~~tr wh~ch can t~ given effect without the conAieting provision. and to this
end the provisions of the Mortgagc and the '~Iotr ~rc ~leclared to be sevtrable.
16. Borrovrer's Copy. .Borrov?~er thall tx furni~hed a canformed copy of thc Note and of this '.1Rortgage at the time
of execution or after recordation hereof.
17. Transfer of the PropeA~•: Accumption. if all or an}~ pari of the Property or an interest therein is sold or transferred
by Borrower without Lender's priar writtrn con~ent. excluding (al the creation of a lien or encumbrance subordinate to
this Mortgage. (bl the creat~on of a purch~k m~~ne~• cecurit}~ mterest for household appliances, (c) a transfer hy devise.
deuent or by operation of law upon the Jcath of a i~~int tcnant or (d? tfie grant of any teasehold interest of threc )~cars or Icss
not containing an option to purchase, i.ender may, at l.ender'e option. declare all the sums secured by this Mortgage to be
immediately due and pay~ab)e. Lender ~hall havc Haived such option to accelerate if, prior to the ~ale or transfer. I.eoder
and the person to whom the Proper~y ic ~o bc :ol~l or trans(errcd reach agrcement in writing that the credit of wch person
is satisfactorv to Lender and that the intcrrct pa~•able on the sums secured by this Mortgage shall be at such rate ac I_ender
shall request. If Lender has waived the option to accelerate provided in this paragraph 17, and if Borrower's successor in
inttrest has executed a written ascumption agreement accepted in writing by I.ender. I_ender shall releace $or~ower from all
obligations under this Mortgage and the Note.
If I_ender exercises such option to accelerate. t.ender chall mail Borrower notiee of aceeleration in accordancr ~~h
paragraph 14 hereof. Such notice shall provide a pericxl of not less than 30 days 1'rom the date the notice is mailed within
which Borrower may pay the sums declared due. If Borrower fails to pay such sums prior to the expiration of wch peri~xl.
Lender may, without further notice or demand on 13orrower, invoke any remedies permitted by paragraph f R herc<?f.
Notv-UN~FOxr~t CovExetvTS. Borrower and Lender further covenant and agree as follows:
l8. Accderstion; Remedies. Eacept as pm.~ided in pa~raph 17 hereof. upon Eorrow~e~s breach of any coreaaat or -
a~reement of Borrowct in tbis Mortg~e. includin~ the corenants to pay when due any snms secnred by thk MortRsge. I.tader
prior to accekntioo sbaU mail notice fo Eorrowcr as proridtd in pararrapA 14 hereof speclfyiua: (1) tAe breach:121 the sction
reynired to corr sach brcacb; (3) a dste. na~ kss tban 30 days from the date the notice ts matkd to Eorrower. by rrhicb sucA
brescb a~ust be cored; and (4) tlwt failure to cure snch breach o0 or before the date spec~'ied ia the notke may resutt in
sccekrstioo oi tbe snu~s sccured by t6is MortXa~e. foreclosure by judicial proceedl~ ~ad sak ot tbe Propcrty. 'Il~e notice
shal! fnrt~er inform Borrower ot the rq;ht to reirestate after acrekration and tbe rigbt to as~ert ia tbe foreclosnro proceedi~
the eoA-e:istence ot a defadN or any other defense of Borrov?er to accelentioa and foreclo~snre. If the brescb is not cnred oa
or before tht dsle srect6ed ia the notice, Lender ~t t.ende~'s option may declare a!1 of the sums secured by tbis Mort~s~e fo be
imo~ediatdy dne and paYable witlant fuNher demand and mar torectose thB Mort~a~e by judicisl proctedin~. I.ender chall
be entiHed to cdket in such proceedin~ afl e:penses .,f foreclosnre. includ~. but sot liinited to, re~onabk atturnep's fees.
and costs of docemeatary eridence, abstrscts snd titk reports.
19. sorrower's Rl~ht !o Reimtate. Notw•ithstandinK t ender s acceleration of the sums securcd by th~s MoKgage,
Borrower shall have ihe right to have any procerd~ngs he~un ~+y l.ender to enforct this Mortgage discontinued at any time
e~o~2~~2 ~~E ?31
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