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Lender's writtea agcaouent or spplicable lay?. ~otrowe~ ~ha~l Wy the aa~ouM of all taortaage insuranoe ptpaiumi~in~fhe •
manne~ provided under paraanph 2 heroot.
Any amounts disbursed by I.e~de~ punwnt to thit parasraph 7. with iuterest the~+eon. shall become additional
indebtedness of Borrower securod by Ihis Mongaae. Unless Borrowe~ and Lender agree to other terms of paya~eM. such
amounts shall be payabk upon notice From I.ender to Bomower roquesli~a paymeot thereof. and shal) bear inten~t fraa the ~ .
date or ais~uraement u the rat~ paysble trom t~me to time on out:tandins pnncipal under the Note utUas paymet~t ot '
interat at:uch rate wonld be contnry to applicabk law, in which event such amounts shall bear interest at the hi~ rate
permiss~'bk ur~der applicabk law. Nothing co~tained in this paragraph 7 shall require Lender to incur any eacpe~ae or take ;
any action hereunder. '
S. I~speefio~. Lender may make or cause to be made rcasonabk entries upon and inspatiom ot the Property. provided ~
that i.ender shall give Borrower notice prior to any such inspection specifyin~ reasonabk cause therefor rclated to I.a~der's
interest in the Prope~ty.
9. Coedem~ The proceeds of any award or claim for damages, direct or consequeMial. in connection with any
condemnation or other taki~g of the Propeny, or part d~ercof, or for conveyance in lieu of condemnation. are hereby assigned
and shall be paid to I.ender. ' '
in the event of a tolal taking of the Propeny, the proce~ds shall be applied to the sums securcd by this Moriaage.
with th~ excesa, if any, paid to Borrower. in the event of a partial taking of the Property. unless Borrower and I,ender
o~herwix agree in writing. theoe shall be appliod to the sums sxured by this Mongage such proportion of the proooeds }
as is equal to that p~oportion vehich the amount of the sumc secured by this Mortgage immediately prior to the dste of
taking bears to the fair market vatue of the Property immediately prior to the date of taking, with the balancx of the proceeds
paid to Borrower.
If the Property is al~andoned by Borrower. or if, after notice by L4nder to Bornower that the rnnderanor oRen to make
an award or utlle a claim far damages. Bonower fail~ to respond to Lender within 30 days after the date such notice is ;
maikd. I.ender is authorized to collect and apply the proceeds, at i.ender's option, either to restoration or repair o~ the
Propeny or ta the sums xcurcd by this Mongage.
Unlas Lender and Borrower otherwi~e agree in writing. any such applicatian of p~oceeds to principal shall not ext'nd
or postpone the due date of the monthly inst~llments rcfe~red to in paragraphs t and 2 hereoi or change the amount of
such installments.
l0. Borrower Not Rekited. Extension af 1he time for payment or moditication o[ amortiution of the sums sxurrd
by this Mortgage gr~~ted by Leoder to any cucces.tor in interest of Borrower shall not operate to rckase. in any manner.
the liability of the origip~l Bo~pwer and Bc+rrower's successors in interest. Lender shall not be ra{uired to commence
proceedings against sucK successor or refuce to extend time for payment or otherwise modify amortization of the ~~~ms
securcd by this Mortgage by rcason of any demand made by the original Borrower and Borrower's s~~ccessors in interec~.
11. Forbearance by Lender Not a Wairer. Any forhearance by l_ender in e!cercising any right or remedy heramder, or
otherwise aBorded by applicable law. shall not be a waiver of or preclude the exercix of any such right or remedy.
TF~e procurement of insurance or the payment of ta~ces or oiher liens or charges by Lender sh~ii nw be u waiver uf I.rn~r s
right to accelerate the maturity of the indehtedneis securcd hy this Mortgagt.
l2. Reaiedks (.broulattte. All remedia provided in this Mortgage ar~e distinct and cumuiative to any other right or
rcmedy under this Mortgage or affordcd hy law or equity, and may be exercised concurrently, independeotly or soccessively.
' 13. 3occessors aad Assi~as Bound; ao~~ ~a s~r~~ r.~~; CapBons. 77~e covenants and agreements herein
contained shall bind, and the rights~hereunder shall inurc to. the respective successors and assigns of Lende~ at~d Bomower.
subject to the provisions of paragraph 17 hereof. All covcnants and agrcements of Borrower shall be joiN and several.
The captions and headings of the paragraphs of this Mortgage are for canvenience only and are not to be used to
interpret or define the provisions hereof.
14. NMice. Except for any noticc rcyuired unck~ applicable law to be given in another manner, (a) any notice to
Borrower provided for in this Mortga¢e shall be given by mailing such notice by certified mail addressed to Borrower at
the Prop~rty Addrcss or at such ahcr addresx as Borrower may designate by notice to i.ender as provided herein, and
~ (b) any notice to Lender shall he given hy certified mail, retum rcceipt requtsted, to I.ender s address stated herein or to
~ such o~her addrcss as Lender may decignate by notice to Borrower u provid~d herein. Any notice provided for in this -
; Mortgage shall be deemed to havc been given to Borrower or Lender when given in the manner designated hercin.
j 15. Uniform MortRa~e; Governi~ I.aw: Severabilifv. This form of mortgage combines uniform covenants for national
~ use and non-uniform covenantc with limited variations hy jurisdiction to constitutt a uniform security instrument rnvering
~ real property. This Mortgage shall be governed hy the law of the jurisdiction in which the Property is located. In the
event that any provision or claose of thic Mortgage or ~he Note conflicts with applicable law, such conflict shal) not afftet
; other provisions of this Mortgage or the Note which can be given effect wilhout the conflicting provision, and to this
j end the provisions of the MortRage and the Note are Jeclared to be severable.
~ 16. dorrower's Copy. Borrower shall be furniched a conformed copy of the Note and of this Mortgage at the time
~ of execution or after recordation hereof.
~ 17. Transfer of tbe Property: Assumplion. if all or any part of the Property or an interest therein is sold or transferred
by Borrower without Lender s prior wrinen consent. excluding Ia) the creation of a lien or encumbrance subordinate to
~ this Mostgagt. (b? tht ereat~on of a purchace mone< <ecurity intercst for household appliances. (c) a transfer hy devise.
descent or by operation of law upon the death of a joint tenant or (dl the grant of any leasehold interest of thrcc ycars or less
~ not cont~ining an option to purchau, ~ender may. a1 l_ender's option, declare all the sums secured by this Mortgage to be
immediately due and payable. Lender shall have N aived s«ch option to accelerate if, prior to the cale or transfer. I.encier
~ and the person ~o whom the Property ic t~~ be :o1J or transferred reach agrcement in writing that the crcdit of such person
is satisfactory to Lenckr and that the interr~t pa~~able on the sums secured by this 1Nortgage shall be at si~ch rate as l.ende~
~ shall request_ if I_ender has waived the op~ion to acceleratt provided in this paragraph 17, and if Borrower i successor in
interest has exeruted a written assumption agreement accepted in writing by [.ender. Lender shall releace Borrower from all
~ obligations under this Mortgage and the Note.
, If Lender exercises such option to acceierate. Lencier +h•ait maii Burrower notice of acceferation in accardanc~ u+th
3 paragraph 14 hercof. Such notice shall provide a period of not less than 30 days from the date the notice is mailed vvithin
which Bo~rower may pay the sums declared due. If Borrower fails to pay such sums prior to the expiration of ~uch per~od,
~ Lender may, without fuhher notice ar demand on Horrower, invoke any remedia permitred by paragraph 1 R hercof.
~ NoH-UN~FORUt CovEN~HTS. Borrower and Lender further covenant and agree u follows:
~ ls. Acccleratb4; Renxdks. Lxcept as provided in para~np6 17 hereof. opon ~rower's breacb of any co~eaaat or
~ a6rstmeot of Eorrower ia tbLs Mortasse, IMIO~11~ UI! tM't~11~i ~O psy MI1t0 d0! ~Oy f01115 ltCYftd ~ NIIS MOti~t~t. Leader
3 prior to aecekratioa sbdl mail aotke to dorrower as provided in Para~rapb 141~erto[ specffyiu~: (1) tbe breacb: (21 the action
requirea to cue snc~ 6resclr, (3) a dah, not less tban 30 days irom tl~e date tbe ootke M ma8ed to Eo~rower. by whkh sucb -
~ brr.aca mwt be cwrtd; sod (4) tdst tailrre to cure s~cA bresch on or betore t6e date specifitd iu t6e notke may result in
~ sccekratioa of t6e sro~ senued by thLs Mort`sRe. to~eciowre br j~icfal ~roceedin` aed sale oi tbe Propcrry. 7be notke
~ shall fnriher iatona Dorrower of tbe ritbt to rciastsfe stter sccekrstio~ asd tUe riaht to as~ert ia the foreclosnre'roceedi~ ~
~ t6e noe-eaisteace d a defsWt or aay other deteese ot Eorrower to ~cceleration snd foreclosnre. it•the brescl~ is oof eored o0
or 6efore the dste speei6cd i~ tbe ootice. Lcnder 9t I.ender•s optbw msy decWe aw ot tl~e soms secnred by tbis Mort~aRe b be
~ Immedistdy due and pyabk whhont tiuther demand ~nd may toreclost t6ls Mo~a~e by jadicial rroceedlu~. I.ender shall
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- be ntitled to collect b s~c~ proceediu~ aM e:peases of foreclosore~ iaclndis~. M~t ~ot limited to, reasonable an~,rnrv's fees.
aoa wsts of docrveNary e~ldeuce. abstr~cfs and litk repoKs.
19. Qonower's Rkat to Reimtate. Notwithc~anding l.ender s acceleration of the sums securcd by ~h~s Mortgage,
Botrower shall have the right to have any proceedings hegun hy 1_ender to enforce this Mortgage discontinued at any time
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