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l.eader's written a~t~cement or applicable I~w. Borrowe~ shall paY the amount o~ all nwrtpa~s insuranoe ~ ia tbs •
rt(aaner provided unde~ panaraph 2 htro0f.
A~y amounts disM~ned Sy I.encie~ pursuartt to ths parat~aph 7. with interos! thereon. shail become additiooal
, indebtedness ot Borrower securod by this Mon~age. Unless Borrower and Leodet agroe to other terms of payn~etK. wch ~
amounts shall be payabk upon ncuice fmm I.e~der to Borrower requestina payment theroof, and shall bear interat baa ihe ~
date of disbu~sement at the nte payabk t~om time to time o0 out:tandin~ principal ur~der the Note w~less paymant ot ~
interest at :uch rate would be contnry to applicabk law, in which eve~t such amounts shall bea~ inte~est at the hial~t ra~ ~
permissibk u~de~ appliCabk law. Nothie6 contained in this paraa~sph 1 shall rcquire i.ender to incur any espems a taka ~
aoy action hereuader. ~
• .L .,.M..:.~.~
~~lL~B$. Lenc~r may mal;e or cac~sc ta bc mack rc::::,:,.:..:~ iiiiiiL] {iFtisit .a~Na :tss~sc.LSic:su ar. sss~. ~"vi+..::~~ ~~=.a.~ ~
that I.e~der shall Rive Borrower nolice prinr to any such inspection spocityinE rruooabk cause therefor rdated to Ga~dePs
intercst in Ihe Pt+operty. ~
9. Co~de~~. The proceeds ~fi ~vaM ~ claim tor damages. direct or consoquential. in connectiot~ ~?id~ any
ca~demnatio~ or other takin~ of the Prope~or part tAercot, or tor cooveyance in lieu of ca~demnatio~. an heeeb~ as~ned
and shall be paid to i.ender. ~
ln the event of a total takina of the Propeny. the procoeds thall be applied to the sums ~ecurtd by this Mortsaae.
with the ezcess, if any, paid lo Bonower. in the event af a panial taking of the Prope?ty. unless Bomower and La~der ~
otherwise aaroe in wriiinR. there ahall be applied to the sums sea~rcd by this Mortgage such propoNion of the prooeeds ~
ss is eqwl to that proportion which the amount of the sums sectircd by this Mongaae immediately prior to the date ot ~
taking bean to the fair market value of the Property immediately prior to the date of taking, with the balanoe of the p~noeeds 1
~:~r :r ar ~
.v a...::v.'~'•~.:. • F
If the Property is abandoned by Borrower, or if. after notice by Lender to Bomower~that the oondemnor ofkn to mate ~
award or settle a claim tor damages. Bc+rmwer fails to rcspond to Lender within 30 dtys after'the date such notioe !s ~
maikd, Lender is autho~zed to colloct and apply ~he proceeds. at I.e~de~'s option. either to ratontion or ~psir ot tbe
Property or to the sums secured by this Mnnita~te. ~
Unlas Lende~ and Borrower othenvise agrce in writing, any such application of proceeds to principal shall nat ptta~d ~
_ or postpone the due date of the nanthly inst~llments rcferred to io paragraphs 1 and 2 heroof or chanae the amouat ot
such inRqllments. '
10. Dornswer Nof Relea~ed. Extension of the lime tor payment or modi8cation of amortization of the swns secured '
by this Mortsaae Snnted by Lende~ to any cuccessor in interest of Borrowe~ shall not ope~ate to reksse, in any ma~ner.
the liability of the original Borrowe~ aod Borrowcr
e sikceswrs in interat. I.ender shall not be requircd to commenoe
proceedings agair~st such suocessor or refuse to eitend time for paymsnt or dherwise modify amortization of the sum~ ~
secueed by this Mortgage by reason of ~rty demand made by the oriR~nal Borrower and Borrovver's successon in interctt.
l l. Ror6ata~ce by i.eeaer NM a Wairer. Any fort+eannce by Le~der in exercisi~g any right or remody he~mder. or
othenvise affordod by applicabk law, shall nc~t be a waiver of or preclude the exercise of any soch right or ree~ed~?. ~
The pnocurcment of insuranve or the payment of taxa or other liens or charges by Leeder shall not be a waiver of I.anda's
right to acceknte the maturity of the indebtednesx seaircd hy this Mortgage. ~
l2. Reweiks C1~daM~t. All rcmedia provided in this Mortgage u+e distinct and cumulative to any Wher riaht or ~
rrnxdy under this Mortaage or afforded by Iaw or equity, and may be exercised concunently, independently or :uccessively. ~
13. 3~eees~ers aw~ A~s ~oeiaa: ,Ioid a~ Serenl iL6i~; Ca~tM~s. The oovenaaa and a~eemcna haein ~
oontained shall bind. and the riRhts hercunder shall iour~ to. the.respective successors and ass+8ns of Lender sc~d Borro~we~. ~
subjoct to the provisions of paragroph 17 hercof. All rnvenants and agreements of BoROwer shall be jary and several.
The captions' and headinas of the paragr~ph~ of ~his Mortgaae arc for convcnicnce oola? and are not to i~e u~ed to
ins~~rn n~ ~4•~r~ ~hr nmve~it~nc herr!t:f.
14. Netke. Except for any ncuice rcquircd under applicabk law to be given in anothet ~nanner. (a) any notice to
Borrower p~uvided for in this Mortgage shall be sivcn by mailing such notice by certifled mail addressed to BoROwer at
the Property Addrcss or at such dhcr addrcss as Bormwer may designate by notice to T.ender as provided hercin, and
(b) any notice to Lender shall be given by certified mail, rcturn reoeipt raquested. to i.ender's addras :tated herein or to :
such othe~ address u Lender may designate by nc~tice to Borrower as provided herein. Any notioe prnvided for in tlds =
Mortgage shall be damcd to have been given to Bonower or Lender when aiven in the manaer desi=nsted he~n. ;
1S. U~ifon~ Moet~e: Goren~h~ Law: Se~erabaity. This fornn of mortgage combina unifam omnenanb for natia~al s
' we and non-uniform covenants with limited variations by jurisdiction to rn~titute a uniform ~ecurity imtrume~t coverir~ i
~I r~eal property. This Mortgage shall be Eoverned hy the law of the jurisdiction in which the Pmperty is located. In the :
` evrnt that any provi:ion or clause of thic Mortgage or the Note rnnflicts with applicabk law. such conllict sha11 not afEect ;
~ other provisions of this Mortgage or the Note which -can be given eBect without the oonAictina provision. and to this ;
end the provisions of the Mortaage and the Note arr Jeclarcd to be sevenbk. ~
~ lf. Sorrowers Cor~. Borrower shall be fumished a conformed cop~• of the Note and of this Mortga~e at the time _
of execution or after rocordation hereof.
~ i~. .'I~s~der ot tre tro~erfy: Aswwp~iow• if all or aoy pan of the Property or an inte~est thercin is sold or transferred
by Borrower without Lender's prior writtr~ coasent. excludina (al the creation of a lien or a~cumbrance wbordinate to ~
this Mortgage. (b) the creation of a F+urchaa mc?ney security intercst for houtehold applianoa. (c) s transfer hy devse. '
desoeot or by opention of law upon the death of a joint tenant or (d) the annt of any lessehold interat of threc yean or las ~
~ not containint an option to purchsse. Lender may. at Lender
s option. declare all the sums ~ecuted by this Mortgsae to be
~ im m e
di a t
e l y d u e a o d p
a
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b
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h a l l h a v e w a i v
e
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o
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~ and the penon to whan the Properly ic ta be cc~IJ or tnnsferrcd reach aarcemrnt in writin~ that the credit c+f such person
is satisfactory to Lender and that the inter~~ct payabk on the sums tecurtd by tbis Mortgase shall be at si~ch rale ac Lender 1
~ shall request. if Lender has waivod the oqion to accekrate provided in this p~ngraph 17. and "if Borrower
s successor in
interest hu exceuted a written aswmption agreement sccepted in writing by I.ender. i.ender shall rekase Borrower from a!1
~ oWijations under this Mort~aae and the Nae.
If Leoder exercisa wch option to accekrate. Lender shall mail Borrower notioe of accekntion in uoordancc w•~~h ~
~ para~raph 14 hereof. ~ch notice shall provide a period of not las than 30 days fran the date the notice is maikd within
which Horrower may pay the sums declarcd due. if Borrower fails to pay such K~ms prior to the expintion c+f such period,
~ i,eedet may. without further notice or demand on Borrower, invoke sny remedia ptrn'utted by para~raph 18 hercc~f-
~ Na+-Ut~rtFatM Covra+eN'rs. Borrowe~ snd 1-ender further oovenant and apee as fdlo~w::
~ ls. AcedetiNo~ Reseiie~. Euel~ ~ N'~~~ ~!~L*~ 17 Ue~ed. ~~or~we~s ieaer et ah ee~e~t K
~ ~p~eM of f~r~w~er i~ tY~ Mori~a~e, bc~ tre co+esaNs to ~ whcw i~e aq wws ue~ci y ub Morqtase. I.e~ie~
~ w~r N.ceeier~tlo. ~i .aY .alce to son...er as ~.o.we~ w~~a~M 1 s~ueot qKif~l~ tq se r~c1r ts? n~c .ceis.
µr ~e~ied N ewe we~ ~eaek (3) a i~lC. ~ot las tla~ 3~ ~ays tr~ tre iah tre ~etke i~ w~Ye~ a~rnwer. b wrki s~i
~ Mt~eA ~t ~t e~c~ a~i (n Wat faiare N c~e wcM ke~cM ow o~ ref~e tl~e ~te y~eMei t~ tlie ~olke ~ asrM b
~ saeiera~ et 1~e s~~ uere~ bp tld~ Mo~qa~e. MKCiowre r7 j~kW }roeee~ ri de at tUe Te~erfy. 7Lt ~otiee
~ ~tN f~er idots ~rrwer of Me riRM M ~eM~hte aHer ~ecekratio~ a~i die rkUt lo awert h ttie to~eeNsrre Nscee~
~ de ~o~la~ee et a ieta¦lt or aq otber ieles~e of lorrown N aceekratio~ awi toreelow~e. U be M~rxM Y~ef a~ee~ e¦
~ K ~dore tie i~le qeeYei i~ t~e wotke. I.e~/er N I.ewier's opiow ¦ay decl~re ar et tre ww~ seesee~ iy tW Mo~t~e N re
_ r~r ~e a~i MraMe witro~t t~ dana of toretlos~et. I~el~l~L. ~t ~M ~Me~ rea~sile sttur~weYs Eea.
rs e~fftlei N a~eet Iw w~i rncee~i~ esK~se+ ,
~ a~i ads e~ i~e.-~~eMaq e~ii~ee+ ai~trseb a~i Wk rep~b. ~
1!. l~nowe~'s 1tyM t~ Rd¦Mate. NMwitlwandin~t Lender
s acakration of the wms securcd by th~• Mort~a=e.
~ gorronra shap have the risfit to have anq proceedings heptun hy Lender to eetora this Mortpee discontinued at any dme
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