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s~reement cx appliubk la~r. Borroret ~hall pap the amount ot all mortga~e inwnnce ~r~aiums itf~ tbe: ~ynnet provided
under parsgsaph ! hezeoE
My amounq disbuncd b~ Lender punuant to thi~ puagraph 7. ~riti~ tatecat thereon. ihall become addItioaal ia-
debtedne~ oE Botroxer secured by thii Mongage. Unlat Borroxer aad Ler~cia a~ee to other terms of payaunt. auh
amounts ~haU be papabk upo~ notice Erom Lendet to Botrowet requatina papment chereot, a~d shaU bear inttrat fmm
the date of di~bursement at the nte pa~ble traa tlme to time on ouutsnding principal under ehe Note unless payment
of interat at wch rate ~rould be oo~trary to applicable law; in .vhich event such amauna shall bear intrrat at the higbest
rate permi~ibk unda appliabk laM. Nothing ~nai~ed in this parsgraph 7 ~hall require Lender to incur any rxperue ot
take any action hereunder.
S, Iarpeaioa. I,euder ma~ make or pwe to be ~aade reasonabk enuia npoa and inspectiorw of the Propaty.p~o~
vided that Lenda stull give Borro~?er notiae prior w any mch inMectan specifping rezsonable ause ~here[or relited to
I.eader"s intet~at ~n the Propaq.
9. Coadann+~tjoo. Tbe pt~oa~eds of any a~rard or c]aim Ior damaga, direct or o~nsequeatial. in connection ~rtth any
rnndemnation os other taking o[ the Property, or part thereol. or for oonveyanoe in lieu ot oondeinnacion. are herebr as~
signed aad sdall be psid to. Lendet
lo the eirent of a total taking of ehe Property. the proceed~ ihall be applied to the sum: ~ecured b~ this Mortgagt.
.vich the acce~. if any. paid to Borrower. In the erent ot a panial taking of the ~ropeny. u~la~ Borrmrer and Lender
ocher~vise aam in ~rtitiug. thect shall be applied to the svms secured b~ this Mongage wc6 ptoportion of tl~e prooctds
as is equal to ttit proporeion ~rhich the amount oE the wms secured br thi~ Mortgage immediately prior to the dau ot
caking bean w the Eair market valae of the Property immediatdy ptior w tLe date oE caking. ~vith che balana oE the pro-
cecds p=id to Bozt~wrer.
IE the Pivpacy ~ abandoncd by Borro~rer. or iE. aEter notice by I.ender w Borrawer chat che condannor o[fen co
make an a~nrd or iettk a claim for damages. Borrower fai4 eo rapond to Lender Mrithin 30 days aE[er che date wch notice
is mailed. I.enc~tr is authorined to aollect and applr the proceeds. at Lender's option, eithet to ratontion or repair of the .
Property or to the tums aecvred bJr this Mongage. ~
Unlesa Lender and BormNer o:herwise agret in..vriting. ar?y ruch appliution of praeeds eo principal shall not~extend
or postpone the due date of the montWy installmenta nEerred w in pangrapha 1 and Q hereof or change the amouat of
wch iratallments.
10. Bo~ro~rer Not Reka~d. Extension of the time for papment or modiEiation of amortintion oE the aums secured
by this 1liortgage granted br Lender to any suaasor i~ interat oE Borrorver shall not operate to release, in any manntr.
the liabiliqr oE the original Borrower and Borrower's suooasors ia intera~ Lender shall not be required to commence
praeedings againu wch suaeasor or re[u~e to extend time for papment or othenvise modify amortincion of the wms sa
cured by this Mortgage by reason a( any demand made by the original Borro~ver and Borrower's wccessors in interest. ~
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11. Fazbearanoe b7 I.ender Na a Waiver. Any Eorbtannce by Lsnder in exacising any right or mmedy hereunder. i
or otherwise afforded by applicable law. shaU not be a wuver o[ or preclude the extrcise ot anp such right or nmedy. The
procusement of insurance ot the payment o[ taxa or other liens or charges by Lender shall not be a wai~er of Lendtr'a
righe to accelerate the macwicy of che indebeedneu secvred by this 1?iortgage.
IY. Ranedies (bmulatl~t. All reinedia provided in this Mortqage are distinct and cumulative to any other right or
rentedy unda thu Mortgage or a[Eorded by law or equity, and may be exercised mncurrendr, independentlr or sutoasively.
13. S~ccea~ocs and AsiEns Bound; Joint and Se~erai Liab~iq: Captiont. 'The co~enanu and agreements haein
mntained shaU bind, and the righu hereunder shall inwe to. the teapective succusors and asugns of Lender and Borrower.
subjcct to the provisions oE pangraph 17 hereoE. All mvenants and agreements o[ Borrower shall be joint and sevenl. The
nptions and headings oE the pangnphs of this Mortgage are tor convenienct only and are not to be used to interpret or
define the provisions hereoE.
~ 14. Notiae. Ezcept_ for anp notice required under applinble law to bt qiven in anothet manner. (a) any notice to
~ Botrower provided Eor in this Mortgage shall be givrn br mailing such notice by certi[ied mail addressed to Borrower at
the Propenr Address or at wdt other address u Borrower may designate br notice to Lender as provided herein, and (b)
any notice to Lender shall bt given br certified mail, tetutn receipt requested, to I.ender's address stated herein or to wch
other addras u Lender ma~ designate by notice to $orrowes as providtd herein. Any notice provided [or in chis ~tortgage
shall be deeaatd to have been given to Borrower or Lender when gi~en in the manner designated htrein. .
15. UniEorm Mortgase; Go~erning Law: Se~a'abilit~. This form ot mortgage combines uniform covenanu for na-
t tional use and non-uniform aovenants with limited variations by jurisdiction to mnstitute a uni(orm security instrument
~ co~ering real properq. This btottgage shall be go~trned by the law of the jutisdiction in which the Property i; located.
tn [he event that any provision or clause of this :liortgage or the I~ote conflicu wieh ~pplicable law, such contlicc shaA not
' affect other pmvisions oE this Mortgage or the Note which can be given effect without the conflicting provision, and to
~ chis end che provisions o[ the Mongage and tt~e Noce are dedared co be sevenble.
~ 16. Bocm~rer'a Cop~. Borrowa aha11 be (urnished a t~nformed copy of the l~ote and of this ~fortp,aqe at the time
€ of rxecutan or a[ter recordation hereof. _
€ 17. Tnmfer of tbe Propen~: Asw~mpeion. If all or any part oE the Property or an interest thenin is sold or tnns-
f ferred by Botrower without Lender's prior ~+ritten oonsent, accluding (a) the aeation of a lien or encumbrance wbordinate ~
~ to this Atortgage, (b) the creation of a purchase money security interest fot houxhold appliances. (c) a transfer by devise,
~ descent or by opention of la~r upon the death of a joint tenant or (d) the granc of any leasehold interes[ o[ chrce }~ears or
~ less not containing an option to purchase. L.ender may, at Lendefs option, declare all the sums secured br ihis 11for[gage to
a be immediately due and payabit. Lender shall have waived wch option to accdente if, prior to the sale or trans(er, Lender
E and the penon to whom the Property u to be sold or transferred reach agreement in wtiting that the credit of such person
; is ueisfactory co Lender and that ehe interese parable on the wms securcd by this Moregage ahall be at such rate u Lender
~ shall nquac. 1f Lender hu waived the option to accelente provided in this paragraph !7, and if Borrower s succasor in
intetest hu rxecuted a w+ritten assumption agreement acoepted in writing by I.ender, Lender shall release Borraa?a from
z all obligations under this Mortgage and the Note.
` IE Lender exetcises wch optan to accelrnte, Lender shall mail Borro~ver notice oE acceluation in accordance with ~
~ puagraph 14 hertof. Such notice shall provide a period of not less than 30 days from the date the notice is mailed within `
~ which Botrower m~y par the sums declared due. If Botrower fails to pay such sums prior to the expiration of such period,
~ I.eada may. without furtha nouce or demand on Borrower, invoke any temedies permitted by pangraph 18 hereof. -
~ Notv-Ux[soavK CovExex~s. Borrower and I.ender turther eovenant and agree as [ollows:
~ 18~. Aocelmtion; Rm~edies. Esoept as pmvided in paragrap6 17 hereoi. npoa Borrawer'a breach oE any ca+enant or
` agreemtat oE Borrnwer in this Mostgage. inciuding tbe cwenanu w paT ~rhen due anr swns aecured by this ll~ortgage.
` I,eader prior to aocck~cation ~ball mail notice to Eorro+ner as pro~ided in parasraph 14 M+ea[ speciiyi°B: (1) tht brexh:
(Y~ ~Le aceion rsqwred ~o wre wKL bracb: (3) a daee. not les than 80 daJt trom t6e date the notict u maikd to BorroMrer.
; b~ ~rLkh wicL breach mwt be cured: and (4) that faihue to cure wch breuh on or beEore the date specified in the notice ma~
~ rewlt ia aoaleratioa oE tLe wms ~ecured bir tbi~ Moctga~e, forecloa~re 67 I"dici'~ Proceeding and nle of tl~e Properq. 'I'he
~ nocioe ~hall fiuchet inEorm Barrower oE the righc w retauace atcer aoceieracton and c6e rigfit co asere in the [or+edowre
Pr°cte'di°S the non~e~cenoe oE a defaulc or a% ocLer defeme of Borroatr w aooekracion aad foreclowue: IE the brach a
not cnnd on or beEore the date specified ia tLe notioe. Lender at Lendds option may deduie all oE tLe wm~ ~ecured b~ ~hi~
Mortgage to be immediaed~ due and paysbk ~rtthone furtLer demand and ma~ [oreclo~e this Mortgage by judicial proceed-
~ iaa. I.ender ihaU be encided eo rnlkce in wch prooeeding all e:pewa d[oreclow~re. inciuding. bue na limited co, rea~on-
abk attorner's fees, and cow oE do~vmentu~ eridence. abarxu and titk repa'ta
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