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l.ender's written saroeeaeat ot appiicabk law. Dorrovvcr shaU pay the ~mount o[ aq mort~ iu~anoe praniums in the
maane~ providod under para6raph 2 hereo~f. ,
Any amounts disburKd by i.enckr punuant to thit pars~raph 7. with iaterr.:t the~eon. shall become additional
imieMcdness ot Borrowcr securcd by ~his Mongage. Unkss BoROwer and l.rnder agroe to other temas of papmeM, such
amounts shall be payabk upon nolire trom I.ende~ to Bo~ovvcr roqutuina payment theroof, and shali bea~ interest from the
date ot disbursement at the rate payabk from time to time on outstandin` principal under the NWe unlesa paymeat of
inter+est at such nte would be contrary to applicabk law, in which event wch amounts shall beu interest at the hi~at rate
permiuibk under applicabk law. Nothing conuined in this pananph ~ shall roquire Lender to incur any eape~e or tate
any action hereunder.
s. i~ectio¦. Leoder may make or cause to be made rcasonabk entries u~wn and inspections of the Aroperty. pw+rided
that i.ender shall give Bo~rower ~wtice prior to ar~y such inspection specifying reasonsbk cause theretor relatod to La~der's
intercst in the Peope~ty. - ~
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coodemnatioo o~ other takina of the Property, or part thercof, or for cooveyar~oe in lieu of condemnation, are hereby auianed
and shall be paid to I.ende~.
In the event of a tota! taking of the Property, the proceeds shall be applicd to the sums ~ecured by this Mortsage,
with the excas, if any, paid to Borrower. In thc cvent of a panial taking of the Property. unless Bornower antf I+eade~
ahcrwise agroe in writing, ther~e :hall be applied to the sums sxured by this Mongase such proportion of the prooeeds
as is equal to that proportion which the amount af the sums secured by this Mortgage'immediately prior to the date of
taking bears to the fiir market value of the Prop¢rty immediately prior to the date of taking, with the balance of the pr+ocoeds
paid to Borrower.
T~ the Pwperty is abandoned by Borrower, or if. after notice by Lende~ to Bomower thst the condemnor offers to mate
an award or settk a claim for damages. Bc~rrawer fails to respond to Lender within 30 days after the date such notice is
maikd. Leode~ ic authoriud to collect and apply the procceds, at I.ender's option. either to ratontion or repair of the
Property or to the sums securcd by this Mortgage.
Unku [.ender and Borrower otherwise agrce in writing, any such application of proceeds to pri~cipal shall not extend
or postpone the due date of the rreonthly installments rcferred to in pangraphs 1 and 2 hereof or change the amount of
such inst~llments.
10. ~rowtr No! Rekase~. Fxtension of the. time f~r payment ~r moditkation of amortization of the sums secur+ed
by this Mo~tgage grdnted by Leoder to any ~uccessor in intercst of Borrower shall not opente to rekase, in any maneer,
the liability ot the origina) Borrowe~ and Bc~rrower
s successors in interest. Lender shall not be rcquircd to commence
proceedings against such suocessor o~ refuu to eztend time for payment or otherwise modify amortization of the sums
securcd by this Mortgage by reason of any demand made by the origina) Borrower and Borrower's successors in intercct.
11. Forbearaace by i.eeder Not s Waiver. Any forhearance by Lender in exercising any right or remedy herc~mder, or
othervvise afforded by applicable law. shall not be a waiver af or preclude ihe exercise of any sach right or remedy.
The procurement of iraura~ce or the payme~t of taxes or other liens or charges by Lender shall not be a waiver of Lender's
right to accelerate tbe maturity of the indebtedoess cecurcd hy this Morigage.
l2. Remedies CamalsH~e. A!! remedies provided in this Matgage are distinct and cumulative to any other right or
remedy under this Mortgage o~ afforded hy law or equity, and may be exercised concurnently, independently or y~ccessively.
' 13. S~ceea~ors aad Assi~as Eound; Jois/ and Sereral Capdoes. The rnveoants and agreements herein
contained shall bind. and the rights hercu~der shall inure to, the respective sucxessors and assigns of Leader at~d Bornower,
subjoct to the provisions of paragraph 17 hereo(. All covenants and agreements of Borrower shall be joir~ and several.
The captions and headings of the paragrrphc of this Mortgage arc for convenience only and are not ta be used to
~ interpret or de6ne the provisions herec~f.
14. Notke. Eucept for any notice rcquired under applicabk law to be given in another manner, (a) any notice to
Borrower provided for in this Mortgage shall be given 6y mailing such notice by cenifled mail addrsssed to Borrower at
the Property Address or at such aher address as Bormwe~ may designate by notice to i.ender as provided herein, and
(b) any notice to Lender shall F~e given hy certifieci mail, return receipt rcquested. to i.ende~'s address stated herein or to
such other address as Lender may designate by notice to Borrower as provided herein. Any notice provided for in this
Mortgage shall be deemed to have been given to Bc?rrower or Lender when given in the manntr designatod herein.
' 15. Uaitonn Mort~a~e: Governiu~ Larr; Severability. This form of mortgage combines imiform covenants for national
use and non-uniform covenants with limited variations hy jurisdiction to constitute a uniform socurity instrument covering
I~ real properry. This Mortgage shall be governcd hy the law of the jurisdiction in which the Property is located. In the
~ event that any provision or clause of thic Mortgage c~r the Note conflicts with applicabk law, such conflict shall not affoct
~ other provisions of this Mortgage or the Note which can be given efiect without the conflicting provision, and to this •
~ end the provisions of the Mortgage and the Note are Jeclared to be severable.
~ 16. Eorrowe~'s Copy. Borrowcr shall bc furniched a confornxd copy of the Note and of this Mortgage at the time
of execution or after recordation hereof.
~ 17. Tnoder of tbe Prope~: Assnmptiox. if all or any part of the Property or an interat thercin is sold or transferred
by Barrower without Lender's prior writtrn consent. excluding (al the crcation of a lien or encumbrance subordinate to
this Mortgage. (b) the crcation of a purcha~e mone~ cecurity interat for household appliances, (c) a transfer hy devise,
descent or by operation of law upon the death of a jo~nt tenant or (d) tha grant of any leasehold interat of threc years or kss
not containing an option to purchase. Lenckr may, at Lender'c option, declarc all the sums secured by this Mortgage to be ~
immediately due and payable. Lcnder shall have v?•aived such option to accelerate if, prioc to the cale or transfer. Lender
and the person to whom the Property ic ta be cotJ or transferred rcaeh agrcement in writing that the credit of xuch perwn
is satisfactory to Lender and that the intcrr~t payable on the sums secured hy this Mortgage shall be at soch rate ac l.ender
shall roquat. if Lender hu waivod the option to accekrate provided in this parag~aph 17, and if Borrower's successor in
interest hu executed a written auumption agreement accepted in writing by Lender, Lender shall reiease Borrower from all
obligations under this Mortgage and the Nota - • -
If Lender exercises such option to accelerate. Lender shall mail Borrower notice of accekration in accordanc~ u•i~h
paragraph 14 hereof. Such notioe shall provide a period of not las than 30 days from the date the notice is mailed within
which Borrower may pay the surtu declared dut. If Borrower fails to pay such sums prior to the expiration of cuch period,
[.ender may, without further notice or demand on 13orrower, invoke any remedia permitted by paragraph I8 hereof.
Norr•UrrtFORt?s Coverrewrs. Borrower and l.ender further covenant and aarce as folloas:
18. Accderatioo; Remedia. E~ccep as provided iw para6~apM 17 rereof, rpos ~rowers brescl~ of sy oo~ew~t or .
a~recmeat of Eorrower i~ t~is Mo~s6e, iscludiu~ tbe cweeaMs to pn whew dre aay wms seco~ed by t1~1s Motl~e. I.eoder
prbr to sccekratioo sbaU ~ notke to oorrower as provided ia p~ra~rapM 1~ 6ereot ~pecif~: (1) Me bresc6: U1 tbe actioe
reqairsi to c~e wc~ ~eac~ (3) a da1e. aot ku tban 3~ dsys f~os~ ttie date tre ~otfce is ~aBed to lorrowcr. by whkh sncb r
breac6 ~ort be crrs~; aoa (4) tbat failrre to c~re s~cM brescl~ ow or ~etore t6e date speciiei i~ the aotice may resrlt i~ ~
scederaKon ot tre s~~ iaved by tMb Mort~e, to~eelosore b~ jodkid ~roceedi~ a~d sde of tbe Properry. 7be watke ~ i
shail furt6er iAfora Eorrnwer ot tbe risbt to relastatrdter sccekratb~ ssd tre riaMt lo assert h tbe foreclosrre ~roeeedi~ t1
t6e eon-esistesce ot a detadt or ae~ other detcase of Borrower to sccelerMio~ awd forecbwre. if ttie breacM 4~ot c~ed a ' ±
or before the dste ~eci6ed b tre notke. I.ender at i.ender's optbw a~sy decbue a~ ot t6e soss sea~rsd by trb MortRaRe te be
ima~edistely due a~d pys6ie wiHant f~AAer demand and may toreclose t6is Morfp~t Dy jrditW procsedi~R• Lender shall ;
be totidtd fo cdkd ~ srch procesdio` d espes~es of forecbsnre. iacl~die`. bit ~ot li~td to, rea~owaele att.~rorv's fees. `
sad costs ot doc~~ewtary erWescq s~rscts aud titk repo~ls. ?
19. Sorrower's Rl~t to Rei~tate. N~?twithsunding Lender s accekration of the sums secured by th~s Mortgage, f
Borrower :half have the ri~ltt tQ hav~ any proceedin~p hegun hy l.ender to enforce this Mongage discontinued at any time
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