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I.Cndef i wrltlen ajrt*ttpenl Or appllcibie IaN'. BOrrONef Shall pa)' the amawd of alt tttortaaat insuran.•-e premiums in the
manner provided under paragraph 2 hereof.
Any atntxmts disbursed by Lender pursuant to this paragraph 7. with interest thereon. chap becoxrte additional
indeMedttcsc ..f 8orrowcr securrcd M this Mortgage. L nks. Borrower anJ 1 _ender agnt to other tertra of payment, wch
atnottntc shall he payat,k apxa notw~e from l.cttder to 8orrw?er realu~ inlt pagrrtrnt thereof. nerd shall hear interest from the
date of diclxrrsement at the rate payahk frartt time M"ti*!'~ otrlstattdirgt principal under the Note tn?kts payment of
interest at such rate wrwld be contrary to applicable lav?, in which tvrenl cttclt amounts shall hear interest at the higittst rate
permissible under applicable law. Nothing corttairted in this paragraph 7 shalt requite Lender to incur any eipettse or take
any action hcrt:urtder. .
s. IwsPecrieer. I~tder may make or cause to be made reasptat+k rniries upon and itaspectiorx of the Property. provided
that tender slwll gist Borrower notice prior to arty such ittspectipt specifying r+easotnabie cause therefor related to Lender's
interest in the Property. -
9 Coeriee~eratioer. The pnx~eedc of any award or claim for damages dite+et a cavnctquential, in connection with any
condemnaticyt or other taking of the Property, or part thereof. or for consreyance in lieu of condemnation. arc Ilirlity ascigrted
and shall be paid to Lender.
in the event of a total taking of the Property. the proceeds chap be applied to thR sums ceased by this Mortgage.
with the ercecs. if any. paid to Borrawrr. In the e~Yttt of a partial taking of the Property. tmkcc Borraw•er and Lender
otherwise agree in writing. there shall be applied to the suers sectrrtxi by this Mortgage such proportion of the proceeds
as K equal to that proportion which the amour! of the same secured by this \iortgaEe irtutttdiatdy prior to the date of
- taking bears to the fair market value of the Property immediately prior to the dam of taking. with the balance of the pmoads
paid to Borrower.
Tf the Property is abattd'oned M Borrov?,er. or if. after notice by under to BcxmwYr that the corrdtrttttor offers to matt
an award or settle a claim for dama_gec. Bo~tw?•er faih to respaud to Lender v?ithin ~0 dais after the date wch tmtice is
mailed. Lender is authorized to colloct and apply the proceeds. at I.t:nderc option. either to rectoratan or repair of the
Propem• or to the wms secured by this Mortgage.
Unless Lender and Borroww otherwise agree in writing. ant such application of prcxeedc to principal shag not extend
or postpone the due date of the monthly installmrnts referred to in paragraphs 1 and 2 hereof or change the amatnt of
such irestalltrtents.
10. sert+awer Net Relea9etl. Ectettsion of the time for payment or modification of amcvrtization of the wtrtc secured
by this Mortgage granted by lender to any sttceessax in interest of Borraw~er steal! nd operate to ukase. in any manner.
the liability of the original Borrower and Borrower
s successarc in inten~t_ Lender snail not be required to commence
proceedings against etch wceessor or refuse to ectrnd time for payment or othctw-ise modify antortizatiott of the sums
secured by this Mortgage by r+easart of any diematd made b~- the original Borrov?~er and Baxrar?rr
s sttccesuxs in interest.
11. Foriearaerce igr Leerier Net a Weiser. Am fortrearance by l.ertder in etercieing any right or rerrtedy hereunder. or
otherwise afTordod by applicable law_ shat! not he a waver of or preclude the ecertrae of any wch right or remedy.
The procurement of insunnee or the payment of tales or other liens or charges by lender shall not he a waiver of Lenders
right to xcekrate the maturity of the indebtedness cc~ured M this \tortgate_
1Z Rewtel'ies Ctieraa~ise All remedies provided in this Mortgage are distinct and .mnulativr to am• other right or
remedy under this Mortgage or afforded M law or equit~-_ and cons I,e exercised conctarrenth_ independenth• or strR-ecsively.
13. Sarcessers aeri Assigns Ilioart~ Jett aei Seseral I.iarits: Ca*Batts ll,c cos~enants and agrcetrtents herein
contained shall hind. and the rithtc hereunder shall inure to_ the respective successors and assigns of Lender and Borrower.
subject to the provisions of paragraph 17 hereof_ AI! covenants and atreements of lkxrov?tr shall be joint and several.
The captions and headings of the paragraphs of this Mortgage err for convertientr only and are trot to he used to
interpret or define the provisions beret.(.
14. \etiee: Eccept for any ttotioe required under applicai+le law to be given in another roanner_ fa) any notice to
Botrow~er provided for in this Mortgage shag ire given M- mailirte such n..tice by a~ertified marl addr~-zsed to Bormvrer at
the Property Address or at such other address as Barrcwrer cons. design:,tc by natic~e to 1_enakr as provided herein, and
' thl an~~ notice its tender shaft- t+e-given bi eertiGed mail-return-~rn~ip= rc~u~~t_ x• f enders address-stated- herein br to - -
st,ch other addtYSC as Lender mad designate b~• notice to Bornwer as prosideal herein_ Am ndice provident for in this
~ Mortgage shall he deemed to have been given to Borraw-er or 1 coder whertr given in the manner designated heefm_
j 15. L'eiforert !?lort~aRc: Cesertuttg Liw: SesrrartTits. This farm of mortgase .t~tn6ines uniform rnvenants for national
use and non-uniform rns-enantc with limited variatiams l+r jutiedietim tr rnnstitute:: uniform s~urity inetntment covering
rcal~ propert)•._ This ~tort¢aee shall be twverntd M the law c+f the jurisafictirn in ahiich the Property is Ickated. In the
event that am• provision aN clatne of this aortgage or the \atle n~nttictc with appdicat*k lave.- wch conflict cttall rKK affect
other pmvisia~rts of this ~tortcage or the \Tote which can l+e gie~-n etTetit wi!hotrl the conflicrirtg proviciort. and to this
~ end the pros isionc of the ~torteage and the emote err akclared to M ~evYratllt _
16. 6orro~t'ers Copv. Bornnwer shall t+e furnrsl,ed a canfornted copy of the: \oterrtJ a~f this 1ltortgage at the time
of etecution or after r~zordation hereof.
17. TraesFer of the F't'~rt?: Ass>.etptioe. If all .~r ant pert of rtes' Property or an interest therein is wld or transferred
M Borrower without I~nder
s prior written caurcent_ ev.luding ~rl the creation of a lien or encumbrance whordinate to
frets Mortgage. th) the creation of a purchase ma~r,a~- ~ccurits interest for hc+ucehadd applian.~es_ /cl a transfer by devise.
descent or t» operation of law apart the death of a joint tenant air tdr the grant a?f am leasehold interest of three years Or less
not containing an optiam to purchase. 1_ender may. at !.ender ~ .~ptnr,. detilare all the starte secured by this 1ortgage to be
immediately due and payable. Lender shall hale waived v,ch a~ption to a.~celerate if. prior to the vk or trartsftr. Lender
and the persotr to whom the Pra~perty is to be sold ax transferra-el real, agrs•errrent in writing that the ct•ealit of wch person
is satisfactory- to Ixnakr and that the interc.t payable on the sums secured he this ~tartgage shall be at such rate as Lender .
shall trgttest. if Lender has waived the option to accelerate provided in this paragraph 17. and if Borrow-er's successor in
interest hoc executed a w-rittcn assumpticm agreerttent accepted in v.ritirtg b} t_enaler. Lenaler shall ukase Borrower from all
obligations under this 1Norteage and the Note_
if i_ender eterctces such option to xcekrate. I.en3er .hall mail t3txrower notice of acceleration in xrnrdance with
paragraph 14 hereof. Stroh naxice shall provide a period ad not less than ?O dare from the date the notice is marled within
which Borrower may pad the cams dalarnf dtK_ If &~rrowcr frih to pray su:h wrns prior to the espiratitxt of such period.
Lender may. without further notice or tk-mend on liorra~v?'er. invoi:e env r.~r~ permitted b? paragraph 18 hereof_
Nov-t;~ttote!?r Covr~c~-rs_ Borrower and 1_ender further mvrnatu and agree as foilo~ws:
1S. Arcderatiom Remelts. IEircep s prositleti r pera~rapr 17 rat+eeff, r!N lierae+sea's iaesci of eery ceseeraet er
f agrcettseert of Borrower ter tits ~lorlgaRe. iercieiarg tie coceeraets is paf wtker tfiae oaf stages yeetattti i! iris MorlgtRe. /.eerier
~ prior m accderatioer sea/ mat notice to Berrewer a peesiietl ter praRrapi i4 rereef spe~a'rFfiegr p) tee iseaeiq t~ ire setiat
regeirei b sere serer bt+eaclt; (3) a late. net less Aaer 31 ttiajs from tie late ire taagice ks taxied tr lernwer. ti wYei acct
breed mast k etu+e~ aeri (4) fiat faierre b cure sttiti ireacr eer er ideee err ~e spetiei i tie erefice t~ resell ter
~ xcelkratieer of tie t~ aecurei ii tits '?lestgage, fireclsserre b j.i'icial prece~etiai nett sale of tic rteperty. '[1te aetice
~ Fortier irdors llieet+ewer of tie tiBitt to reieshte after aeeele*atirn ant the rift ter aaeert ter ~e f~ateeieawe pteeeei`
the eroer-e><atewee of a tlefaei err eery otter ttlefertise eF ¦orrewrr tie erccderatiw alai feeeeiawae. R t11e ietaci le net etttttti N
a befoee lie late sleelfiei i tie erefice. Leerier st LReriePs optiee aaa~r leeLre ai of ire ta>•s seeurei iy tits Meetgate tt? lk
iertateiiatdy Jere sari pyaMe wriAoert (coffer iemsi alai eras Fererlrse Aix MertEaie ti l~W i~i¦flr llRaier sftri
6e eetiitleta t• eoiett i serci pretYC~ierg err e:peases of fesecMsare, iclerierg. rut eat i'ioitel te, reasoerailt alhrere:'!s fees.
ant oe6is of tiocuaeatarr esiieerte, ar6iracis aoi tide reports. -
1! Ilfort+nwer's Right m Reiestate. Notwithstanding Lenders aoceieratiam of file stems secured by this Mortgage.
Borrower shall have the right to have any proceedings t+egun by l~rtder to rnforee this Mortgage discontinuod at any time
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