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agreemeat or appliable la„r. Borrower ahaU pay the amouat ot aq mortgage insuana preqaiuau io ehe matiner provided
under psragrsph Y heteoi. ~ .
, Any amouats disbursed bJr Lende~ purswnt to this paragraph 7, rvith interat theteon. shall become additional in•
debtednas of Borro~rer secutcd by this Mortgaae. ~ Unless Borrower and l.endtr agree to other terms' ot paymeat. a~dt
amouna shall be panble upon notice trom L.ende~ to Borrower requating parment thereot. and shall bear Interest fmm
[he date of disbur:ement at the nte pxyable tmm tIme to time on outua~ding principa! under the Note unless payment
of intereu at wth rate ~rould be- conuary to appliable law. in rvhich event ~ch amounts shall beu intaest at the highest
nee permiuible under applicable law. Nothing contained in this puagnph 9 shall require Lender to incur aoy expe~se or
take anr action heteunder.
I~pation. Leodet maJr make or uuae to be made reatonabk entria upon and inapections oE the Propatr. pra
vided that Lender ~U gire Bonorver notia prior to a~y wch inspection specitying reasonable uuse therefor related to
Lender's interest ia the Ptoperty. ~ •
9, Coodemnadon. The proceeds oE any award or claim for damages. ditect or consequential. i~ mnnectioa w?ith my
condemnatan or other taki~g ot the Propeny, or put thereof. or tor conveyanoe in lieu o[ oondemnaeion. are htreb~ u-
signed a~d shaU be piid to Lenda
ln the event of a total taking oE che Property. the proceed: aball be applied co the wms sccured by this Mortgage.
wich the excas. iE any. paid co Borro~ver. In che event of a partial taking of the Propeny. unlas,Borrower and Lender
othenrise agree in ~rriting. there siull be applied to the ~ms securcd by this Atortgage auch proportion of the prooeeds
as is cqual to that proportion which the amou~t oE the swms aecured br this INortgage immed'utely prior to the date of
uking bean to the fair market value o[ the Propeny imaudiately prior to tbe date of caking, ~vich che balance oE the pro-
ceeds paid to Borror?er.
If the Propatr is abaadoned b~ Borro~ver. or if. after notice b~r I.ender to Borrower that che oondaanor of[en to
make an a~rud or ~ettle a tlaim fot damaga. Borro~rer fai4 to respond to Lender wichin 30 days after the date such notice
is mailed. Let~er is authoriud to mllat and applr tht procecds, at Lender': option, eithei to ratoration or tepair of the
~roperty or to the wms secured by this Morcgage.
Unlas Lender and Borro~vet otherwix agree in ~rriting. anr weh appliution ot proceeds to prindpal shall not extend
or poatpone the due date of the moncWr installments referred to in puagnphs 1 and Y hereof or change the amount of
wch installmeata. -
10. _ Borwrer Not Beleased. Extension of the time for payment or modifiacion o[ amorcization of the sums secured
by this biortgage granted by Lender to any suaasor in intaest of Borrow±er shall not opente to nleas~, in any manner.
che liabilitJr of the original BorroMrer and Borrower's suocesson in ipterest. Lender shall not be requind to mmmence
proceedings against such suctessor or retuse to extend time for payment or otherwise modify. amortization of the sums se~
cured by this Mortgage by reason oi any demand madr by the original Borrower and Borrower's succasora in interes~
11. Forbearana br Ltnder Not a Wairer. Any forbeannce by Lender in exercising an~r right or remedy hereunder. €
or othetwise afforded by applipble law. shaA not be a rvaiver o( or preclude the exercise of any such right or remedy. The
procvrement of insurance or the paynnent ot caxes or other liens or charges b~ I.ender shaQ not he a waiver o[ Lender's
right to acalerate the maturiq+ oE the indebtedness secured by this Morcgage. -
IY. Re~nedia Gl~mutati~e. All remedies provided iri this Mongage are distinct and cumulative to any other right or
remedr under this Mongage or ai(orded by law or equiey, and may be exercised concurrently, independently or suctasively.
l3. Succaeon and Aa~igni Bouad: joint and S~erai Liab~it~r; Captions. Tfie rn~•enants and .agreements hetein
oontained ~all bind. and the rights hereunder shall inure to, the respective successors and assigns of Lender and Botrower.
subjat to [he pmviaions of paragraph 17 hereof. All covenants and aAreemenu ot Borrower shall be joint and several. The
captions and headings of the paragraphs of this Mortgage are for con~enience only and are not to be used to interpret or
define che provisions hereof.-
14. Notioe. Except [or any notice required under appliwbie law to be given in another manner, (a) any notice to
Botrower provided for in this Atottgage shnU be given by mailing such notice by certified mail addressed to Borrower at
the Property Address or at wch other address u Borrower may daignaee by notice to I.ender as pro.ided herein, and (b)
any notice to Lender shall be given by tertified mail, return receipt requested, to Lender's address stated herein or to such
other address u Lender auy daignate by notice to Borro~ver as provided herein. Any notice provided for in this ~fortgage
shall be detmed to bave been given to Borrower or I.ender when gi~en in the manner daignated herein. _
15. Unifam Mortgage; Go~eraing Lav~r; Snenbiliq. This fortn oE mortgage combina uniform covenanu for na-
tional use and non-uniiorm mvenants with limited variations by jurisdiction to constitute a unitorm security instrument
~ co~•ering real propertp. This Mortgagt shall be go~~erned by tl~e law of the jurisdiaion in which the Property is located.
In the event that any provision or ciause oE this ~toregage or the Note con(licu with applicable law, such conflict shali not
aftect other provisions of this Mongage or. the Note which can be given etfect without the conflicting provision, and to
~ this end the provisions of the Aiorcgage and che I~ote are dedared co be severabk. -
~ 16. Bormwer's Copr. Borrower shall be iurnished a conformed copy of the Note and of this ~tortgage at the time
~ of execution or after iecordation hereof.
17. Trander oE the Propert~r; Assumption. IE all or any part of the Property or an interest therein is sold or trans
ferred_ by Borrower without Lender
a prior writtem m~sent, excluding (a) the aeation of a lien or encumbrance subordinate
to this ~tortgage, (b) the aeation of a purchase money seturity interest for household appliances, (c) a transter by devise,
descent or br opention of law upon the death of a joint tenant qr (d) the grant of an~ leasehold interest oE three years or
i leu not containing an option to purchase, L.ender may. at Lender's option, declare aU the sums secvred by this Mortgage to }
~
~ be immediately due and payable. Lender shall have waived such option to accelerate if, prior to the ule or trans[er, Lender
and ehe penon eo whom the Properer is to be sold or uansferred reach aqreement in writing e}ut the credie of such person ~
is satis(actory to I.~nder and that the interest payable on the sums secured bq this Moregage shall be at such rate u Lender `
shaU requaG If Lender has waived the opdon to accelente provided in this paragraph 17, and if Borrower's suuessor in
interest has acecuted-i w+ritten assumption agmment ac.cepted in writing by Lendtr. I.ender ahall releise Bornowtr from
all obligations under this Mortgage and the Note.
IE Lender exercises such option to aaeleraee. Lender shall mail Borrower notice of aaeleration in accordance wich
puagraph 14 hereof. Such notice shall provide a period of not less than 30 days from the date the notice is mailed within t
~ which Borrower may pay the sums declared due. If Bormwer fails W pay wth suau prior to the expiration o[ such petiod, ~
Lender may, r+ithout further notice or demand on Borrower, invoke any remedia permicted by paragraph I8 hereof.
- NON-UNIFOAb( COYENANTS. Borrorver and Lender turther covenant and agree as [ollows:
" I8. Aooelaation: Remodies. Ezcept as provided in paragraph 17 Lereof. npon Bortnwar's breach of any covenant or
~ r~grcemeot of Borrower in this Mortgage, iaduding tbe co~enanb w pa~ when due wy suau ~ecvred by chis Mortgage,
~ I.eader 'prioc w aocderation ahall mzil notiae to Borrower as pmvided in parigrap6 1~ hereof speci[ying: (1) the btrach;
~ (!n tLe actioa reryaired to cure wx~ breach: (3) a date. noc lew than 30 days [rom che date [he noeice i~ mailed to Bon~ower,
bq which wch breach muat be cvred; and that [ailwe to cure ach brea~ on or befarc the date speci[ied in the notioe ma~ ~
~ rewlt in aooeleration oE tLe wms secured by this Mortgage, forecloain bp judicial proceeding and nk of the Properq. The .
~ notict a6a11 further inform Borro~rer oE the right to reinswte after acoekncion and the rig5t w asert in tLe foreclaau~e ~i
~ pmcceding the non~istenoe d a default or anr other defense of Bormarer~w acoeleraeion and foralowre. IE the brach i~ ~
~ not cured on or beEore the date specified in the natiee. I,euder at Lendds option may declare all of the su~s aecv~ by this r'.
~ Mortgage to be ia~mediatdy due and payabk withone fnrther demand and ma~ foreclose this Mortgage b~ judicial proceed' :
~ ing. I.ender ~haU be encided w collect in wc6 proceeding a11 e~cpewa oE [oreclosure. induding, buc not limited to, rra~on- !
abk aceorneYs ted, and oosts o[ documeneary eridence, abaracu and eide reporu.
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