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. l.cnde~`s writtcn agrcemrnt or applicabb kw. Borrowe~ shali pay ~he amouM ot all mortgage insur:na prcmiums in the
manner providcd unde~ par~raph 2 he~eof.
A~y amounts disbursed by I.ender pursuant to tha pua~raph 7. w~'t rest rca~. shall become additional f
imieb~ed~as ot Bonowe~ securod by this MoN~aae. U~less Borrowe~ and C~a~~ other terms of paymeM. such t
amounts shatl bc payabk upon nMicc fram I.ender to 8orrowcr requaiena psymeot theroot, a~d st~ali bear interest from the i
date of d'ubursement at the ntc payabk from time to time on out:tanding principal under thc Note unless payma~t ot `
interest at :uch rate would be contnry to spplicabk law, in which event such amounts shall bear i~sterest al the hiahest rate
permissibk uoder applicabk law. Nolhing containcd in this paragraph 7 ahall requi~+e i.ende~ to incu~ any expeme or take
any action hereuader. '
& iaspeetis~. i.ender msy make or cause to be made reasonabk enlries upon and inspections of the Property. provided i
that i.ender shall give Borrower notice prior to any s~~ch inspoction spoci[ying reuonsbk cause therefor relatod to Le~der's i
intcrest in Ihe P~+nperty. ~
9. Co~de~saMb~. The proceedc of any award ar claim far damaga. direct or conscquential, in rnnnoction with any
condomnation or other taking of the Propeny, or pa~t tAereof, or for conveyance in lieu of co~demnation. are hereby assigood y
and s`~all be paid to I~ender. `
in the event ot a tol~l taking of the Poopeny. the pra.~eeds chal) be applied to Ihe sums secured by this Mo~tgage, 3
with the excess, if any, paid to Borrowe~. in the cveot of a partia) taking of the Property. unkss Bomower and Le~der
a~hervviu agree in writinR, there shall be applied ~o the sums sxurcd by this Mortgage such proportioo of the p~ds • ~
as is equal to thal proporticu~ which 1hc ama~nt of thc sumc securcd by this Mortgage immediatdy prior to the date of
taking bears to the fair market value of the Pmperty immediafely priar ta the date of taking, with the balance of the proceeds ~
paid to Borrower.
If the Property is ahandoned by Bor:ower, or if. after notice by Lender to Borrower that the condemnor ofters to make
an award or xttle a claim far damages, Borrower fails to respond to l.ender within 30 days after the date such notice is ~
maikd. Lender is authoriud ta callect and apply the pr.~.~eeds. at i.ender's option, either to re.ttoration or repair of the ~
Propeny or to the sums sccurcd hy thic Mortgage. ~
Unlest I_ender and Borrower othenvice agre~: in writ~ne. any such applicatian of proceeds to principal shal) not extend ~
or postpone the due date of the monthly installments rcferrcd to in paragraphs 1 and 2 hereof or change the amount of ~
such installments.
10. Eorrower Not Rekased. Extension of the lime for payment or modiRcation of amortization of the sums secured ~
by this Mortgage granted by I.ender to any cuccessar in interest of Borrower chall not ope~ate ta rcleau. in any manner, ~
the liability of the original Borrawer and Borrower
s successors in interest. !_ender shall not be required to comrrxnce ;
proceediogs against such suecessc~r or refuse to extend time far payment or otherwise modify amortizahon of the .~~ms
secured by this Mortgage by rcasan ot any demand made by ~he orieinal Borrower and Bormwer
s successors in interec~. ~
~ l l. Forbesnece by I.e~der Not a Waiver. Any forhearance by I.c~der in exercising any right or remedy herumder, or *
otherwise attorded by applicable law. shall not he a waiver of or preclude the exercise of any such right or remedy F
'i~e procurement of insurance o~ the payment of taxes or other liens or charges by I.ender shall not be a waiver of l.ender's ~
right to accelerate the maturity of the indehtedness cecured hy this Mortgage. ~
12. Remedies Cnmulatire. All remcdies pmvided in this Mortgage are Jistinct and cumidative to any Mher right ar ;
remedy under this Mortgage or afiorde~i hy law or equiry, and may be exercised concurrently, independenUy or successively. ~
' 13. Spccesors awd Asst~as Bound; ,Joiat aod Sereral i.iability; Captbns. 71~e covenants and agreemen,s herein ~
contained shall bind, and the ri~ehts her~under shall im~re to, the respective successors and assigns of Cender ~d Barrower. ;
subject to the provisionx c~f paragraph 17 hereof. All covenants and agreements of Borrower shall be joiM and uveral. ~
'il~e captions and headings of the paragraphc of thic Morlgage are far convenience only and are not to be uced to
interpret or define the provisions hermf. ~
14. Notice. Ezcept for any no~irc rcyuircd under applicable law to be given in another manner, (a) any notice to '
Borrower provided for in this Mortga¢e shall t~e given hy maiting such noiice by certified mail addressed to Borrower at ~
~ the Property Address or al such ~?ther addres~ as Bormv?•er may designale by notice to Lender as provided herein, and ~
(h) any notice to [.ender shall he given hy cenifieJ mail. retum receipt requested. to l.ender s address stated herein or to ;
such other address as I_ender may decicnate by n~tice to Borrower as provided hercin. Any notice pmvided for in this {
Mortgage shall be deemed to havc t~ecn given to Borrower ur i_ender when given in the manner designated herein. r
15. Uaiform Mo~tR~e: Governin~ Iaw: Serernbility. Thic form of mortgage combenes ~miform covenants for national ~
' ux and non-uniform covenantc with limited variations h~• jurixiiction to constitute a uniform security instroment covering ~
i real proper~y. This Mor~gage shaq b~ governed b~• the law~ of the jurisdiction in which the Property is located. In ihe
~ event that any provision or clauce of thi~ Mortgaee or the Note conflicls with applicable law•, such conflict shall not aftect
other pro~isions of this Mortgage or the Natr which can be given efTect without the conflicting provision, and to this ~
~ end the provisions of the Mortgage and the Notc arc ~Icclared to he severable. i
16. aorrower's Copy. Borrow~er shall tx furniched a conformed cop~~ of the Note and of thic Mortgage at the time
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` oi execution or after recordation hereof. :
17. Trsasfer of tbe Propertv: Aswmpiion. If all or any part of the Pmperty or an interest therein is sold ar transferred ?
by Borrower without Lender's prior writ~cn concent. ercluding (al the creation of a lien c+r encumbrance subordinate to
this Mortgage. (bl the creaUOn of a parch~ce m~mer W:curity interest for houuhold appliances, (c) a transfer hy devise.
descent or by opcration of law~ upon the dcalh ~f a juint tenant or (dl the grant of any leaschold interest of thrcc ycars or less
not containing an option to purchase. I.ender may. a~ I.ender's option, declare all the sums secured by this Mortgage to be '
immediately due and payable. Lender chall have w~aived a~ch option to accelerate it. prior to the ~ale or transfer. [_ender ~ .
and the person ta whom the Property i~ ta be :o1J or transferred reach agreement in writing that the credit of such percon
is satisfactory to I_ender and that the interr+~ papable on the sums secured by thic Mortgage shall be at such rate ac l.ender
shall request. If I.ender has waived the option to accele.rate pro~~ided in this paragraph 17, and if Borrower i succeswr in
interest has executed a written assumption agreement accepted in wri~ing by I_ender, Lender shatl release Borrower from all
obligations under this Mortgage and the Note_
If Lender exercises such option t~ acceterate. I_ender shall mail Borrower notice of acceleration in accordancc i~h
paragraph 14 hereof. Such notice shall provide a peric~d o( not lesc than 30 days from the date the notice is mailed w•ith~n
_ which Borrower may pay the sums declared due. If Borrower fails to pay such sums prior to the expiration of wch period.
[_ender may, without furiher notice or dcmand on Borrower. invokc any remedies permitted hy paragraph IR hercof.
NoN-UN~FORtit Covexerv'rs. Borrower and Lender further covenant and agree u foUoas:
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18. Accderation; Rea~edks. E:cep as pmvided in psra~raph 17 bereof. opoe dorrower's brcacl~ of awy coreaant or ~
~ agreemeet of Borrower ia t~ Mort~e, includin~ the corensets to psy ~+ben dne sny soms secnred br thk Mort~aRe. i.ender
prbr to accek~tbn shall mail aotice to dorro~?er as provided ia pus`raph 14 bereot specityin~: (1) tbe breach:l2) the aclbn
~ reqnind to cnre sncb breach; (3) a dNe. not less t6an 30 days irom tbe date tbe eotice k naikd to Eorrower. by whkb such
breicl~ mu~t be cored; and (4) thst failurc to cnrr sncb breach on or betore the dste speci6ed fe tl~e natice may recult in
accekrstioa oE tbe soa~s secered by lbis Mort~s~e. toreclowre by jndicW proceediut snd sale ot tbe Property. 71~e notice
shall furt6er inform Borrower d tbe riRIN to reinstate dler scceleratios and tbe ri~ht to ~aert is tbe torecbwre procee~a6
the noo-existtece of s defsuN or say other detease of dorrower to sccekMbn aad foreclosure. If the bre~cM ~s aot cnred oe
or befon the date specified fo the wotice. t.ender at [.ender's optfoa nar declars sll d tbe se~ns secrnd by thb Mort~s~;e to be '
imaiediately due snd paysble witlwa~ further demand ~nd may toreclose tbk Mo~a`e ~ judkW proceedfa~. i•en~ler chall
be enfttled to collecl in sach Proeeedia~ sll e:peoses of forecbsare. iacludio~, but wot limited to, ~rasonsbk att~?rnc•r's fees.
and costs of ouc~~oeotary eridesce. a6stracts snd litk reports.
19. donowe~'s Ri~t to Rei~tate. hotvviths~andinR I.ender s acceleration of the sums securcd by th~~ Mortgage.
Borrower shall have the right to have any proceeding~ be~un ~v I.ender to entoree t6is Mortgage discontinued at any time
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