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Lenders written agreement a applicable law. Borrower :ball pay the amount of ap mortgage iasuraaoe premitutr is the
• manner provided under puagrapb 2 hereof.
Any amounts disbursed by Lender pursuant to thin paragraph 7. with interest thereon. shall become sdditioraai
indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lrnder agroe to other terra: of payment. writ
'amounts shall be payable upon notice from Lender to Borrower requesting pay~ertt jMOrept. and shall bear interest ftatta flee
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interest at such rate would be contrary to applicable law, in which event such amounts shall beu interest at the highest tale
petmissr'bk trader :pplicabk law. Nothing contained in this paragraph 7 shag regttire Lender to incur gay expesse or take
any action ltereuuder.
iw4eetiM. Lender may make or cause to be made ressonabk entries upon and inspections of the Property. pr'o'vided
that Lender shall give Borrower notice prior to any such inspection specifying reasonable catae therefor related to Leader's
interest in the Property.
Cosiewwstisa. The proceeds of any award ar claim for damages, direct or consequential. in ooruaectioa with any
condemnation or other taking of the Property, or part thereof. a for conveyattoe in lieu of oortdemnation. are hereby a~graed .
and shall be paid to Lender. -
In flee evert of a total taking of the Property. the proceeds shall be applied to the cams secttred by this Mortgage. ,
with flee excess, it any, paid to Borrower. in the event of a partial taking of the Property. unlew Borrower and I+aader •
otherwise agree in writing, there shall be applied to the sums secured by this Mortgage such proportion of the pr~ooeedc
ss b equal to that proportion which the amount of the sums sectrrod by this Mortgage immediately prior to the dale o[
taking bears to the fair market value of the Property immediately prior to the date of taking, with the balance of the pt+coeeds
paid to Borrower.
N the Property is abandoned by Bor:wer, or if. after notice by Lender to Borrower that the oorademaor olkrs /o ttsafoe
an award or settle a claim for damages, Barrawer fails to respond to Lender within 30 days after the date such notice b
mailed. Lender is authaixed to collect and apply the proceeds. at Lenrkr's option. either to restoration or repair of the
Property or to the sums secured by the Mortgage.
Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shag not exlaad
or postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change flee anaouM tit
such irWallnaerits.
lt. Mrrawer Not Rekaeei. Extension of the time for payment or ntodifkation of amortiution d flea sutra secured
by this Mortgage gn4nted by i.ender to any successor in interest of Borrower shall not operate to nJease. in any naanntx
the liability of the original Borrower and Borrower's successors in interest. Lender shall not be required to corrarraeraoe
proceedings against such successor or refttse to extend time for payment or otherwise modify arraortiration sf the sums
secured by this Mortgage by reason of any demand made by the original Borrower and Borrower's successors in interest.
l1. Fosres+rasee r7' I.ewier Not a Waher. Any fortreantaoe by Lender in exercising any right or remedy laeramder. or
otherwise afforded by applicable law. shall rat be a waiver of or proclude the exercise of any such right or t't~.
-The procurement of instuauoe or the payment of taxes or o~lter liens or charges by Ld><kr shall not be a waiver of Lerada's
right to accelerate the maturity of the indaMedness secured 6h? this Mortgage.
12. Resieiies Csscslslive, All remedies provided in this Mortgage are distinct and cumulative b any other right or
rerraedy under this Mortgage or aRorded by law or equity, and may be exercised cortcttrrently, independently or stac~ivdy.
13. Steceaeess sal Assigas florrsi:.Ioist sal Several i.iabiq; CapeMas. The covenants and agreeoaents herein
contained shall bind. and the rights hereunder shall inuuC to, the.respective wooesswn and assign of Lender spd Borrower.
wbject to the provisions of paragraph 17 hereof. All covenants and agroentents of Borrower shall be jaN and several.
The gptiora' and headings of the puagraphs of this Mortsage arc for eonvenietaee only and era not to Ile used to
interpret or deAne the provisions hereof.
14. Natkw l?accept for any native required under applicable law to 6e given in another manner. (a) any notice to
. Borrower ptvided for in this Mortga![e shall Qre given by mailing such notice by certified mail addreued to Borrower at
the Property Address or at such dher address as Borrower may designate by notice to Lender as provided herein. and
(b) any notice to Lender shag be given by certified mail. return receipt requested. to Lender's address stated herein a to
sucta other address as Lender may designate by notice to Borrower ss provided herein. Any notice provided for is tlds
Mortgage shall be deemed to have been given to Borrower or Lender when given in the manner designrited herein.
1S. Usitorw Mortgage: Goversitrg i.aw: Severr~lity. This form of mortgage combing uniform covenants for national
tae and ran-uniform covenants with limited variations by jurisdiction to constitute a uniform security irastnrmertt covering
real property. This Mortgage shall be governed by the law of the jurisdiction in which the Property is located. Ia the
event that any provision or clause of thic Mortgage ar the Note cordlicts with applicable law. such conflict shalt not affecs
other provisions of this Mortgage or the Nate which can be given epect without the catAicting provision,' and to fhb
ertd the provistora of the Mortgage and the Note are declarod to be severable.
if. iiorr~awers Cepy. Borrower shall be furnished a conformed copy' of the Note cad of this Mortgage at the tinge
of execution or aher recordation hereof.
17..'I~asder of ire Propesfyt Aswrwptiow. if all or any part of the Property or an interest therein b sold or transferred
by Borrower without Lender's prior written consent. excludieg (a) the creation of a lien or encumbrance subordinate to
this Mortgage, (b) the creation of a purchase money security interest for household appliances. (c) a trarufer t+y device.
descent or by operation of law upon the death of a joint tenant or (d) the grant of any leasehold inter~at of three years a ltss
not containing an option to purchase. Lender may. at Lender's option. declare all the scans secured by this Mortgage to be
_immediately due and payable. Lender shall have waived such option to aocelaate if. Prior to the sale or transfer. Lender
and the person to whom the Priiperty is to be sold or transferred reach agreement in writing that the credit of such person
is satisfactory to Lender and that the interest payable on the sums secured by the Mortgage shall be at such rate as Lender
shafl request. If lender has waived the opion to accelerate provided in this paragraph t7. and if Borrower
s wccewr in
interest has executed a written assumption agreement accepted in writing by Lender. Lender :hail release Borrower from all
obljptioas under this Mortgage and the Note.
If mender exercises such option to aceekrate, Lender shall mail Borrower notice of accekntion in accordance v?•ith
paragraph 14 hereof. Such notice shall provide a period o[ not less than 30 days from the date the notice is mailed within
which'Borrower may pay the stuns dxl:red due. if Borrower fails to pay such sums prior to the expiration of such period.
Lender may. without ftMher active or demand on Borrower. invoke any rentedia permitted by paragraph 18 hereof.
Not~r-Uxtt~orea~t Covexaxrs. Borrower and Lender further covenant and agree as fopa~rrs: .
ill. A~eeelasposl ltesseiica. 8xegt r N'o~ r Mnt~ 17 tassel, tspa fiarnwes's reflect at aq awvsMat ar
sgReettacat of Msnwer is iris Martgage. i.elsiai ire eevesasts w pap wrest ins swy scar secwei b tric Mor~ngw ieaier
prix M seeerssp.. ari freer sopce is lornwer ss prowea M p.rerarr 11 meet epseYyisgr (1) pr rseacln t21 ire sdMa
ss~sirsi M care wet ieesek t31 • desk. list less pw 3• lays (rats ire Lle fire sacpee r tstsilci M fisrrswer. ft!' wttikr Baer
rrsaer tts~ut ire awrsil sal (q pat tailase N care wet rseser oa K relate trc isle ~
~ at tie Pse*ert
~ aslke
aoederali...t prs w.. saesrsi y tiaic Mortgage, t..aelswa~e b jsdieW prseee~
t~ lrspser fauna i>srrs+rer of ere rtRM to reiasfate after ~eielesatkw sal ire rlgM M ssree Y pr faselsatrstt prreesisg
pr aoa•ezisleaoe at a iefasllt ar aq after ~ctesse of lsorrawer a aecd~
r ~ fMewar saetwe~i ti~Als rMsr~tgtt)ps fs k
K tktws pre sate gseYai i• Ire aotke. i.erder st i.esier's o*tNa ~
ittarifalely sae aai ~sysitle wflrost ttrstrer demand ss/ say faseelsse tltir lNertgage b jsikW psrrese~. Lesde? srai h
re ::flies N csBset Y :tact ~sveeeiisg aft at'erra of ferecbstrrr, l+seisifsg, ref fast flraMrd Mr reasssille ett»rsetr's lea.
sal osslr at isaaaattar7' erideass+ sMlescle aai ppe repro.
~'f M Rafsclsts. NatwithstandinE Lender's aooekration of the sums secured by thr: Mortgage.
Borrower shall have the right to have any proceedings begun by [xnder to enforce ihri Monpge discontinued -ar-arty time _ _
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