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l.ende~'s written aarcemcnt or spplkabk law. Borrowe~ ~hail pay ~he amount o[ a~l montage insuranoe premiums in tl~e y
• marmer providcd uoder parag~sph 2 he~+oot, i
Any amounts disbursed by t.ende~ punuant to thu pananph 7, with interest therooe, shall become additional `
indebtedness ot Bor~ower securod by ~his Mongage. Unle~ss Borrower and l.enJe~ aaroe to dher temu of pa~rraeM. wch t#
amounts shall be payabk upoo nc~tice frc~m I.ender to Bonower roqua~ina payment theroc~f, and shall bear intere~t from tha !
date of disbursement a! the ratc payabk /ran time to tirne o~ outstandina principal under tf?e Note unless ps~rtnent ot
intercst at such rate would be contnry to applicabk Iaw, io which event wch amounts shall bear ioteteu at the hi~u ~e
permisaibk unde~ applicabk law. Nothing conuined in this panaraph 7 shall requi~+e Lender to incur any expe~ae or tate
any actior~ hereunder. .
s. I~ectMw. I.ender may make or cauu to be made rcasonabk eMries upon and inspoctions ot the Propetty. pmvided
that Lende~ shall Rive Borrower ndice prior ta a~y such inspection specifyina reasonabk cause therctor related to La~det'a
interesl in the Property. •
9. C~ 'T}~e proceeds of any award or claim for damaaa. diroct or consequential. i~ oonnation ~viM aar :
condemnation o~ other takina of the Properqr, or pa~t tlKnot, or tor conveyance in lieu ot coodemnatioo, are her~? a~oed ±
and shall be paid to Le~der.
In the event of a tW~l takinE of the Propehy. the praceeds shall be applied to tbe n~ms xcurod by this Mottsaae. ' ~
with the excess, if any, paid to Borr~wer. ln the evrnt af a parti~l taking of the ~ropetty. unless Bort~ower and I~der
aherwise aaroe i~ writin~t, there shsll be applied ta the wms securcd by thic Mortgaae sucb proportion of the pmoeed~ ;
as is eqwl to that propoAion v?hich Ihe amount of the sumc xcurcd by this Mortaa~e immodiately prior to the date ot ~
taki~ bears to the hir market value of the Prope~ty immediately pricN to the date of takina, with the balanoe of tl~e pcooeeds
paid to Bormwe~. . ~
If the Property is abandoned by Bor:ower, o~ if. after rwtice by t.ender to Borrower that the oot~demnor oQers to maite ;
an award o~ settk a claim for dam~ges, Bc~rn?wer tailc to rcspond to l.ender within 30 days aher'the date wch notioe it ~
maikd. Lende~ ic authoriud to colkct and apply ~he proceeds, at l.eoder's option. either to rostoration ot repair ot tbs
Property or lo t?~e sums securcd by this Mort~nge.
Unlas Lender and Borrower othenvice agrce io writ~n~, any such applicatio~ of proseeds to prin¢ipa) shaq not extd~d ~
a postpone the due date of the monthly i~s~allmen~s refemed to i~ parsanphs t and 2 heroof or chanae the amount ot-
cuch i~tallments.
lA. ~rower NM Reka~i. Extension of the ~ime for payment or modification of amortiution of the sums secured
by this Mortgage aranted by Lender to any cuccessor in intercst of Borrowe~ shall not opente to rclea:e, in any manner,
the IiabiGty of the original Borrower and Bc+~rower
e succeuors in intercst. Lender shal( ~wt be requiret! to commrnoe
proceedings ~gair~st such woceswr or refux to extend time for payment or wherwise modify amortiutio~ ef the sums
sccured by Ihis Mortgage by r~euon of nny demand made by Ihe origi~al Bornower and Borrovre~': wcce:sors in intercst. ~
11• Rorbearawce !y [.e.ier Na a wai~er. -Any fortuannce by Lender in exercising any right or romedy hercunder, or
otherwise aBorded by applicabk law, shall not be a waiver of or preclude Ihe exercise of any such ri6ht or nmedy. ;
The procurcmeM of insuranoe or the payment of taxes or other liens or charges by L~nder shaq not be a waiver of i.ender's '
right to acceknte the matoriry of the indeMedness ucurcd hy this Mortgage. ;
1=. Reweiies Ca~~lyirt, A~~ r+emedies provided in this Mortgage arc distinct and cumulative to any otha riaM or ;
rcmedy under this MortRage or aRorded by ~sw or equity, and may be exercixd coecurnrntty, independently or suooes~ive~r. j
l3. S~cceno~s aw~ A~s .1ob~t a~i Se~ed iLbiYryr; Capfiews. The covenaab and aareements herein ;
contained shall bind, and the ri~hn hercunder shall inurc to. the rapective succe~ors and sssia~ of Lender spd Bornow~s~, :
subject to the provisions of paragnph 17 T~ereof. All rnvenants a~d asroements of Borrower shall be joiN and sev~nl. :
The captions- a~ headings of the _ paragrophc c+f this Moriga~e arc for rnnvenience only a~d ane not to be uxd to i
interprct or define the provisions I~ercc,f. ~
11. Nofke. Eacept for any natice rcquircd under applicabk law to be jiven in another manner, (a) any notice to ~
Borrower pcovided for in this Mortgage shall be aiven by mailing such notiee by cenifled mail addressed to Bonower at `
the Ptoperty Addrcss or at such dhcr address as Bormwer-may designate by notioe to i.ender as provided hercin, and '
(b) any ratice to Lender shall he given hy cenified mail. retum rcceipt rcqutsted. to Lender's addras stated hercio or to '
such o~her address as Lender may desi~tnate by notice t~ Borrower u provided herein. Any notia prorided for in tlas ~
Mortgaae shall be doemed to have been given to BcKrower or Lender when siven in the nunner desiputed heran. ~
1S. Udtor~ Morq~e; Gorer~i~ I,a~.; Se~ers6Aity. This torm of mortgage combina uniform oovenants tor national ;
! use and non-uniform covenants with limited variations by jurisdiction to comtitute a unifmm aecuriry insirument ooverir~ ~
j nal property This Mortgage shall be gove~ned hy the law of tlx jurisdiction in which the Property i~ located. In tl~e
, event that any provision or clause of thic Mortgagc or the Note conflicts with applicabk law. :uch conAict shall not affect
' other provisions of this Mortgage or the Note which can be givsn eRect without the oonAictin~ pmvision. snd to this
~ end the pmrisioos oE the -Mortgsae and the Note are ~kclarcd to be severabk. . ;
k 16. ~onowers Co'y. Borrower shall bc furnixhed a conformed rnPy of the Note and of this MottEage at the time ~
~ Af execution or atter recordation hercof.
; 17. .Tra~ster of tMe *ro~; Asw~nptiow, If all or any part of the Pr+nperty or an interat thercin is sold or tnnsferred
; by Borrower without Lender's prior wrincn consen~. exciuding (al the crcation o[ a lien or encumbrance wbotdinate to
~ this Mortgase. (b) the creu~on of a E?u~rha~e monev ~ecurity interat for household applianoa, (c) s tnnsfer hv devi~e, ~
; descent or by operation of law upon the death ot a joint tenant or (d) the ~rant of any ka~ehold intercst of threc yean or kss _
i rwt containing an option to purrhsse, Lender may, at Lender
c option, declarc all the wms ~ecured by thi: Mort~age to be ;
~ immediately due and payable. Lender shall have Naived uich option to screlerate if. prior to the cak or tnrufer. Lender s
~ and the penon to whom the Property i~ ~a bc u?IJ or tnnsterrcd rcuh aanenxnt ie writin~ that the crcdit of such person
r is satisfactory to Leeder snd that the inter~~ct payabk on the sums securcd by this Mortasae sh~ll be it si~ch rate-ac Lender
~ shall request. i[ Lender hu waived the opion to acalerate provided io this pangraph 17, arid if Borrower's succasor in
ieterat hu exxuted a written a~wmption aareement acceptod ie writing by Lender. I.ender shall rckase Borrower from all
~ obli~ations under this Mortgase and the Nae.
' if Leoder e~cercises web option to uceknte, Lende~ shaN mail Borrower notice of xcekntwn in acoordanc~: a•~~h
~ pua~nph 14 heroof. Such notia shall provide a period of na las than 30 days from the date the notice is mailed within ~
t which Bormwer may pay the wma declared due. /f Borrovrer fails to pay.such u~ms prior to the expirstion of such peric~d, j
~ Leeder may, without further notice or demar~d on Bonower. invoke any rcmedia p~rmitted by paninph 18 hercot.
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f Nox-UH~Fdtnt Cov~H~wrs. Borrower and L.ende~ turther covenant and a=roe as fdlows:
' ii. Aecderstlo~ Re~e~fes. ~sce~t a~ No•tier to ~n*U 19 Uereo/. ~~e~nwa'a 6~e~e~ e~ aq ti.ea¦t K
- a~ree~eat ot s«r~wer i~ tl~ Ma~a~e. 6~c1~b~ ~e eo.e~wls ro ~ wUe~ ~e a~y sw~s iee~e~ y eY~ Morqp~e. I.ewier
~rior aeeekratl...r.l.aif.otlce a~wn..er as ~o.i/e~ h~.ra~rs~U t~ ~aeof 4eeMyi.~s p) Ae ~e.cb:12? Nie aeti..
~e~i i~ er+t wer ir~sc~ a ire. ~of b tMw 3A Lys t~ t~e ~ Ae ~otiee b wie~ N i~enwer. h wWcr sreY
~ae~ ~wt ie cws~ a¦i (n traR f~rt 1o cre wcl~ M~eacM o~ K ~etae tMe aate Reeliei 1~ tre ~otke ~ ~esrit i~ ~
aeee4e~ d Ve s~r serre~ by 1bb Mafsa~e. te~ecbwre b jrikir lroesei~ a~i ale et tre ho~e~ry. 71~e Mtiee
d~all t~ufier f~to~s foen..e~ ot ue rt~t a ~i~C ahK secekatlo. s.~ d~e rt~Mt a~.e.t tMe t«relaiae Nec+eei~ '
~e ~o~Yhsee ~t a~~¦It or aq other ieferc o/ >o~rower N sccekntM~ s~i tortclerwe. 1[ Ae M~eae~ r~M ewe! N '
` or beloes tl~e ~Me sreeliei 1~ tre ~otk'e. Lewier ~t [.e~er"s o~flow ~ ~etlr+e r ot Ire ar set~ne~ rjr fYs M~f~e 1~ ie
3 iwwe+idelr ~e si MfsMe wilro~t Ga~tber danand aN ~ tKeclae !Y~ M~~s rf ~ N'~~R• Lteder tluN
; be eMitler t~ corett ii wer ~ aN e:~c~sa o~ torecbswe. bel~ii~. ~f Mf idlei M, ~ewWle sttwwer's fees.
~ a¦/ torlt ~t ~ e~i~aies. airfrse~4 a~i tkk re~la.
~ 1!. ~o~towa's Rklt t~ RtiMate. Nc~twithstanding Lender
s acetleration d the sutns se¢urM by th~s Mortia~e.
~ Borrower shall bave the ri~t to hsve anr proteedin~ heEun hy Lendet to en[oroe thi: Monpae disconpnued u any time
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