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Leader's written agfeearent or applica610 laltr. BOrmwer shall pay the amount of sr rortgage iasunA00 preatitnns In tb0
Ipa0t10f provided utrder paragraph 2 hereof. .
Aay amounts disbursed by Lertder purstaat to this paragraph 7, with iwterat thereon. tiftaq become additional
irtdeMedrress of Borrower secured by this M >)n~ess Borrower and [.ender agree to other terms of payment, web
amounts shall be payable upon notice from taito Borrower roquestbtg payment thereof, and shall beu interest from the
date of dlsburaemptt at the rate payable from time to time on outstanding principal under the Note uwless paymatt of '
interest at such rate would be caatrary to appliable law, in which event such amounb shall bear itttetest at the highest rate
permiesibie under sppligbk law. Nothing contained in the paragraph 7 deep require Lender to incur aay ottpetae or take
any action lterettnder.
il. irts~edlasr. Lender may make or cause to be made reasonable entries upon and inspections of the Pfbperty. provided
that Lender shall give Borrower notice prior to any atrelr inspection specifying reasonable cause therefce related to Larder's
pnterest in the Property.
y, ! Catatkwaaliaa. The proceeds of any aw#rd or claim for damages, direct or consequential, in connection with aay
eottdartnation or othtx taking of the Property. or part thereof. or for conveyance in lieu of condemnation. are hereby sssigned
aQttd shall be paid to Lender - s -
1n the event of a total taking of the Property, the proceeds shall be applied to the wens secured by this Mortgage.
with"the excess, ii aay, paid to Borrower. in the event of a partial taking of the Property,. unless .Borrower and Leader
dhenvite agree in writing, there shall be applied to the sums secured by this Mortgsge such proportion of the proceed:
as is equal to that proportion which the amount of the sums secured~? this. Mortgage immediately prior to the date of
_ taking bears to the fair market value of the Property immediately prior (5-the date of taking, with the balance of the proceeds -
paid to Boteotrer.
If the Property is abandoned by Borrower or if. after notice by Lender to Borrower that the oondettsaor offers to make
an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date such notice a
mailed. Lender is authorised to collect and apply tree proceeds, at Lender's option, either to restoration or repgir of the
Property a to the symt secured by this Mortgage. •
Vnkss Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend
or postpone the due -date of the monthly installments rel~rrcd to in paragraphs 1 and 2 hereof or change the amount of
.such installments. .
11. borrewer Not Rakasei. Extension of the time for payment or modification of amortiution of the wens sxured
by this Mortgsge granted by Lender to any successor in interest of Borrower shall not operate to release, in any manner,
the liability of the original Borrower and 8orrower's successor in interest. Lender shall not be required to commence
proceedings against such stroceasor or refuse to extend time for payment or otherwise modify amortization of the sums
secured by this Mortgage by reason of anir demand made by the original Borrower and Borrower's successors in interest.
11. 1Forhearawce y iewdcr loot a waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or
otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy.
The procurement of ittwrance or the payment of taxes or other liens or charges by Lender shall not be a waiver of Lender's
right to accelerate the maturity of the indebtedness secured by this Mortgage.
12. Rewedies CLstWive. All remedies provided in this Mortgage are distinct and cumulative to any other right or
remedy under this Mortgage or afforded by law or equity, and may be exercised concurrently, independently or successively.
' 13. 3aeeeasas astl Asigas hosted: ,lout sad Several i C:ptiioes. The covenants and agreements herein
contained shall bind. and the rights hereunder shall inure to, the respective successors and assigns of Lender and Borrower,
sub' to the - - -
fect provisions of paragraph 17 hereof. Ail covenants and agreements of Borrower shall be join and several.
The captions and headings of the paragraphs of this Mortgage arc for rnnvenience only and arc not to be used to
interpret or define the provisions bermf.
14. Notice. Except for any notice required under applicable law to br given in another manner, (a) any notice to
Borrower provided for in this Mortgage shall be given by mailing such notice by certified mail addressed to Borrower at
the Property Address or at wch other address as Borrower may designate by notice to Tender as provided herein, and
(b) any notice to Lender shall be given by certified mail. return receipt requested. to Lender's address stated herein or to
such other address as Lender may designate by notice to Borrower as provided herein. Any notice providod for in this
i Mortgage :hall be deemed to have been given to Borrower or Lender when given in the manner designated herein.
1S. Ua+lfor¦r Mortiptge; Goverwiw~ Laver. Severa60ity. This form of mortgage rnmbines uniform covenants for national
~ use and non•unifotm covenants with limited variations by jttrisdictimt to constitute a uniform security instrument rnvering
real property. This Mortgaa~ shall be governed by the law of the jurisdiction in which the Property is located. In the
event that any provision or clause of this Mortgage or the Note conflicts with applicable law, such conflict shall not affect
other provisions of this Mortgage or the Note which can be given effect without the conflicting provision, and to this
end the provisions of the Mortgage and the Note are declared to be severable.
~ lf. bon+nwer's Copy. Borrower shall be furnished a confornted cop}. of the Note and of this Mortgage at the time
of execution or after mordation hereof.
17. Tawsfer of the Property; Assawtpliow. If all or any part of the Property or an interest therein is sold or transferred
by Borrower without Lender's prior written consent. excluding (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 transfer by devise,
descent or by operation of law upon the death of a joint tenant or (d) the grant of any leasehold interest of three years or less
rat containing an option to purchase, Lender may, at Lender
s option, declare all the sums secured by this Mortgage to be
immediately due and payable. Lender shall have waived such option to accelerate if. prior to the sale or transfer. Lender
and the person to whom the Property is to be sold or transferred reach agreement in writing that the credit of such person
is satisfactory to Lender and that the intcn~ct payable on the sums secured by this Mortgage shall be at such rate as Lender
shall tYquest. if Lender has waived the option to accelerate provided in this paragraph 17, and if Borrowers successor in
interest has executed a written assumption agreement accepted in writing by Lender. Lender shall release Borrower from all
obligations antler this Mortgage and the Note.
1f Lender exercises such option to accelerate, Lender shall mail Borrower notice of acceleration in accordance with
paragraph 14 hereof. Such notice shall provide a period of not less than 30 days from the date the notice is mailed within
which Borrower may pay the went declared due. if Borrower fails to pay such sums prior to the expiration of such period,
Lender may, without further notice or demand on Borrower, invoke any rernedie: permitted by paragraph 18 hereof.
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Noll-UrtrPOttM Covetvet+trs. Borrower and Lender further covenant and agree as follows:
lfa. Aeedentioa; Rawedia. 1?acept ss provitlel a pragraph 17 hereof, tspw bortrower's 6reaeh of any covetarrt or
agreeme¦R of borrotrer bi this Mortgage, itcltrdiag the co~etsawts to pay when tae atq stress sccard b7' fhb Morl~ge. Lestder
}rbr~fe aeeeknlioa riab resell wotlce to borrower s protrWed iw paragraph 14 hereof speeifyiwgs (1) ~e brteach: (2) the setbw
retprirel M care stseh hreaclty (3) a date, sot less thaw 30 days irorw the late the wotice b sttartai b borrower. h which stseh
6reaeh stswat 6e carol; asri (4) that fta8wre to true srreh breach ow or refore the late speeiiatl b? the :entice rway resttit is
aeeellkatlow o[ the stars steeareta by fhb Mortgage. torecaoswre by jtrdieial poceelirtg aai sale of the Propetrty. The wotke
sitar farther bdossa borrower of the rigor to rtdttatMe after aecekratbw sal the right to assert bt the foredossre p~oceedrtg
the aoa~ezjstance of a defhalt or aver other tkfewse of borrower to actrekratbw aorta toreelowre. If the breach b woe cared a
ar before the dace sfeeiiei iia the srofiee. Lewder at I.ewder's o'tiow trray lcelare sr of the strtrss secarel ti' fhb Mortgage to be
i~rwelialely dwe ~ pya6ae wkhowt faAlter demand and ttitay fortcbse this Mortgage by ~wlicW proeeediwR. Lender that
be eatWel to called i• saeh proeadiag ar e><pewses t,f forecioswrs, iwclwliwg, htN vent rsttiteti ta, ratsoaable sttxnrtr's fees,
earl cosh of docsttatatary evNewce, abstraeb ad title eeprb.
i!. barrowes's Right to Reiadate. Notwithstanding Lenders acceleration of the sums secured by thts Mongage.
Borrower shall have the right to have any proceedings begun by Lender to enforce thin. Mortgage discontinued at any time
• BOOKJIU PacF 545