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leoder~ wriuaa agr+eetnent or applicabb kw. Harrower shall pay the amount of all mortgage ipsurattea pt~emitmsa iw the
manner provided under parajraplt 2 hereof.
Aay atrwunU disbursed by Lender pursuant to this parsgraph 7, with interest thereon, shall became additional
lndebtodttess of Borrower secured by this Mortgage. Unless Borrower and Lettdgr sgt~. tb other tarots of payment, atrdt .
amounts shall be payable upon rtMica from Lender to Borrower requesting payment thereof. and shall bear interest frost iha
dale of disburt~rt..--ti st the nb psysble from time to tithe on outstasrcl#ssg prinFigal under the Note unless palrraent at
intarat at such rate would 6a contrary to applicable law. in which event such amounb sha116ear interest at the higheM tale
permisaibk under applicable law. Nothing contained in this paragraph 7 chap require Lander to irtctrr any expense a rains
any action lterauader.
)bagtatiatt. Lender may make or catu~e to be made reasonable entries upon and inspections of the Property, provided
that Lender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor rebted to Leader's
interest in the Property.
Cowdawruliow. The proceeds of any award or claim for damages, direct or consequential, in connection wilt soy
condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of Qortdemnation, ar+e het+eby assigned
and shall be paid to Lender.
Tn the avant of a total taking of the Property, the proceeds shall be applied to-the sums seamed by this Mortgage,
with the excess, if any, paid to Borrower. Tn the event of a partial taking of the Property,. unless Harrower and Lender
otherwise agree in writing, there shall be applied to the sums secured by this Mortgage such proportion of the pr~ocbeda
as is equal to that proportion which the amount of the sums sectrrad by this Mortgage immediately prior to the date o[
taking bears to the fair market value of the Property immediately prior to the date of taking. with the balance of the pt+xaeds
paid to Borraa?er,
If the Property is abandoned by Borrower, or if. after notice by Lender to Borrower that the condemnor of[er: to rnat~e ,
an award or seek a claim for damages, Borrower fails to respond to Lender within 30 days after the date such ttotioe is
mailed, Lender is authorised to collect and apply the proceeds. at I.ertder's option. either to restoration or t+epair of the
Property or to the sums secured by this Mortgage.
- ---Unless Lender_and Borrower othetwisc agrce in _writing. _any_ such application of proceeds to principal shall not extend
or postpone the due date of the monthly installments referred to in parsgrsphs 1 and 2 hereof or change the amount o[ -
such installments. - v
10. Borrower Not Rekssed. Extension of the time for payment or modification of amortiuCton of the sums secured
by this Mortgage 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 Borrower's successors in interat. Lender shall not be required to commence
proceedings agairut such sua~ssor or refuse to extend time for payment or otherwise modify amortization of the sum:
secured by this Mortgage by t+easort of any demand made by the original Borrower and Borrowers successors in interest.
11. Forhearaace br I.erder Not a waiver. Any forlxarance by Lender in exercising any right or remedy heretmder, 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 insurance or the payment of taxes or other liens or charges by Lender shall not be a waiver of Tender's
right to accelerate the maturity of the indebtedness secured by this Mortgage.
12. Remedies CeuteWirre. Ail remedies provided in this Mortgage an 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 sttrxessively.
13. Successors arts Assigns Gourd; ,John sad Sereral T~ebiiity; CspBoas. The covenants and agreements herein
contained shall bind. and the rights hereunder shall inure to, the respective successors and assigns of Lender and Borrower.
subject to tbe provisions of paragraph 17 hereof. Alt rnvcnants and agreements of Borrower shall be joiry and several.
The options and headings of the paragraphs of this Mortgage are for convenience only and arc not to be used to
interpret or define the provisions hermf.
14. Notke. Except for any notice required under applicable law to be given in another manner. (a) any notice to
Borrower provided for in this Mortga¢e shalt be given by mailing such notice by certified mail addressed to Borrower at
the Property Address or at such abet address as Borrower may designate by notice to Tender as provided herein, and
(b) any notice to Lender shall he given by certified mail. return receipt requested. to Tender's address stated herein or to
such other address as Lender may designate by notice to Borrower as provided herein. Any notice provided for in this
Mortgage shalt be deemed to have been given to Borrower or Lender when given in the manner designated herein.
iS. UwNortw Mortgage: Goveralag Law; SeversbBity. This form of mortgage combines uniform covenants for national
use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering
real property. This Mortgage 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 rnnflicts 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 rho Note are declared to be severable.
16. Borrower's Copy. Borrower shall be furnished a conformed copy- of the Note and of this Mortgage at the tithe
of execution or after recordation hereof.
17. Treader of the Pm~erty; Assumption. 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 (al the creation of a lien or encumbrance subordinate to
this Mortgage, (b) the creation of a purchase money security interest far 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
not rnntaining 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 interest payable on the sums secured by this Mortgage shall be at such rate as Lender
" shall request. if Lender has waived the option to accelerate provided in this paragraph 17. and if Borrower's successor in
interest has executed a written assumption agreement accepted in writing by Lender. Lender shall release Borrower from all
obligations under this Mortgage and the Note.
If Lender exercises such option to accelerate, Lender shall mail Borrower notice of acceleration in acrnrdanc~: with
paragraph 14 hereof. Such notice shall provide a period ~f not less than 30 days from the date the notice is mailed within
which Borrower may pay the wms 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 remedies permitted by paragraph 18 hereof.
Norr-Ur»t=oatir Covt=_Netr'rs. Borrower and Lender further covenant and agree as follows:
lg. Acceleretios; Rerncdia. Except ss provided in paragraph 17 hereof, trpow Borsnwe:'s hreaeh of arty covesatit aR
agreeased of Borrower b fitk Morttate, inclndiua the eoveaawb to par whew tae srty strata seearra br thM Mortgage. I.esier
prior M aeeeterafiow shaft wall wotiee to Don+ower as proNied iw peragrsph l4 hereof apeeKrhtg: (1) fhe bfsaclt; (Z) the actiow
rquked b cams sae6 hratch; (3) a date, sot less tfaa 30 days frorw fire date ~e wMke k asaiiad t4 Borrower. br whisk sack
breaelt std be csred; std (4) that taBdre to care sarclt breach ow or before the date spaded iw the sotke cur result is
aeeekte+tioa of the saes seeared br this Montage. toreciosure h7' jadicitti prsece~ai ad sate of the Prorertr. 77te aotlee
shat tanker intorat )someway of tit right to relsstate after aecelerstbw sad the right b assert b the for+eciosure proeaeig
t>re aow•exieteace of s Betsrk or mr other defense of Borrower to eccekratba sad toreciowre. it fire breach b root ewti art
or before the sate speefiea i• the wotice, t.eader at i.eader's optiow Wray declare allot the stnas secured 6r this Monpge w 4
bteati#a!s!r drys aa~i prn6le without tnrther deman4 and roar torectose this Montage h' }dkiel preotxdlag. reader thaM
be ert~led to coiieet i srreh p+eeeediag eJR espeassa tf forrclomrre, Irtchrdiag. bat sat Waitei to, reasoabie zatturaetr"a fns.
nrri eosb M aoc`.~weahry tvWewce, abstracts sad title reports.
1!. Borrower's Right to Re6date. Notwithstanding Lenders acceleration of the wms secured by thrs Mortgage.
Borrower shall have the right to have any proceedings begun by Lender to enforce this Mortgage discontinued at any time
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