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Leader's written agteeraatt a spplicabk Mw. Borrower shaD pay the artauM of cep mortgage iastuanca praaiums io the
manner provided under parsgraph 2 hereof,
• Any amounts disbursed by Lender pursuant to chi parsgraph 7. with iutei~est thereott. shall becorrts additional
indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payrrseaR. streb
amounts shall be payable upon notice fear [.ender to Borrower requesting payment thereof. and shall bear interest from the
data of disbursement. st the rate payable from time to time on outstanding principal under the Note ttnlas pabtwt of
interest at such rate would be contrary to applicable law. in which Brent such amounts shalt bear interest at the rats
permissible under applicable law. Nothing contained in this paragraph 7 shag require Lender to incur any expttstsa or tab
any sction hereunder.
[rt~eedaw. Lender may make or cause to be made reasortabk entries upon and inspections of the Property. provided
that Lender shag give Borrower rtotiee-prior to any such inspection specifying reasonable cause therefor related M I.ertders
interest in the rmperty. .
Cowietrrwaf[sn. The proceeds of any award or claim for damages, direct of consequential. in oottaecdoa with arty
condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of oortdemoatiort, are hereby assigeed
and shall be paid to Lender.
Tn the event of a tool taking of the Property, the proceeds shall be applied- to 'the sums secured by this MortRtge.
with the excess. if any, paid to Borrower. in the event of a partial taking of the Property. unless Borrower and T.ewder
otherwise agree in writing. there shaft be applied to the sums secured by this Mortgage such proportion of the proceeds
s: is equal to that proportion which the amount of the sums secured by this Mortgage immediately prior to the dale of
_ taking bears to the fair market value of the Property immediately prior to the date of taking, with the balarttx of the proceeds
paid to Borrower.
Tf the Property is abandoned by Bor.~ower. or if. after notice by Lender to Borrower that the condemnor otters to mains
art award or settle a claim for damages. Barnower fails to respond to Lender within 30 diys after the data such notice It
mailed. Lender is authorized to colkM and apply the proceeds. at Lender's option. either to restoration or repair a[ itie
Property a to the sums secured by this Mortgage.
- _--Unless-Lender. and Borrower otherwise_ _ ,
agree m.wnting, any-stash application of,proceeds to pnncipal shall not es"tad
or postpone the due date of the monthly installmrnts referred to in parsgraphs 1 and 2 hereof or change the saroutrt of
such installments.
11, loerswer t+lot Releatei. Extrnsion of the time for payment or modi&ation of amortization of the scams secured
by this Mortgage grAnted by Lender to any-successor in interest of Bon+ower shall not operate to release, in say ntanntx
the tiaMlity of the original Borrower and Borrower's successors in interat. Lender shall not be regtrirtd to canme+rat
proceedings agaittst such successor or refuse to extend time for payment or olhervvise moai[y amortiz.tion of the cams
secured by this Mortgage by reason of any demand made by the original Borrower and Borrower's successors in interest.
ii. Forbearance b itesrier Nof a waher. Any forbearance by Lender in exercising any right or remedy hereender. or
otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such right or tartedy.
The procurement of irnuranoe or the payment of taxes or other liens or charges by Lender shall not be a wairar of I~enda's
right to accelerate the maturity of the indebtedness secured by this Mortgage. =
12. Rerneifes Crtrrladve. All remedies provided in this Mortgage are distinct and cumulative to arty other right or
ranedy under this Mortgage or afforded by law or equity, and may be exercised concurrently. irtdeptrrdently or sucoe::ivdy.
13. Sreeeasors atsi Asigss tior~ .Joint awl 3ered [.iabWly; CaptMas. The covenants and agreetneat: herein
cattained shall bind. and the rights hereunder shall inure to, the respective successors and sssigns of Lender spd Borrower,
subject to the provisions of paragraph 17 hereof. A11 covenants and agnetmrnts of Borrower shall be joird sod several.
The pptiorts' and headings of the psragraphc of this Mortgsge an for cottraitenoe only and are not to Ile used t0
interpret or deAne the provisions hereof.
it. Notice. Except for any notice required under applicable taw to 6e given in another manner. (a) any notice b
Borrower provided for in this Mortgage shall be given by mailing such notice by certifkd mail addressed to Borrower at
the Property Address or at such dher address as Borrower may designate by notice to Tender ss provided herein. and
(b) any notice to Lender shall he given by artiAed mail. return receipt requested. to Lenders address. stated herein or to
such other address as Lender may designate by notice to Borrower as provided herein. Any notice provided for is this
Mortgage shalt be deemed to have been given to Borrower or Lender when given in the manner dteignated herein.
IS. Uattotrs Morypype; Gorerriag Law; Severabflity. This form of mortgage combing uaitorm covenants for ttatioaal
use and ran-uniform rnvrnants with limited variations by jurisdiction to cotrstitutt a uniform security irrttrtrrrtent covering
real property. This Mortgage shall be governed hY the law of the jurisdiction in which the Property is located. Tn the
event that any provision or clause of chic Mortgage ar the Note conflicts with applicable law. such conflict sha8 not af[ect
other provisions of this Mortgage or the NeKe which can be given eBcet without the oonAiding provision. and to this
ad the provisions of the Mortgage and the Note are ckclared to be severable.
ll. lion~owers Cefy Borrower shall 6e furnished a confonncd copy of the Note and of this Mortgage at the time
of execution or after recordation hereof.
17..Trawder of ttie Tropeetr; Assrrrri?tior. hall 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 arcumbranee subordinate to
this Mortgage. (b) the creation of a purchase money security interest for household appliances. (c) a transfer i+y devise.
descent or by operation of law upon the death of a joint tenant or (d) the gent of any leasehold iMered of three years or less
not ooMaining an cellar to purchase, Lender may, at Lender's option. doclare all the scans sttcttred by the Mortgage to bs
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 M such person
is satisfactory to Lender and that the interest payable on the sums secured by this Mortgage shstl be at such rate sc Lender
:ball request. if Lender has waived the opion to aceekrate provided in this paragraph 17. and if Borrower's successor in
interest bas executed a written assumption agreement accepted in writing by Lender. Lender :bait release Borrower from all
obljptions under this Mortgage and the Nae.
Tf Lender exercises such option to sccekrate. Lender shall mail Borrower notice of aecekntion in aorordancti v?•ith
para~aph 14 hereof. Such ratice shall provide a period of not less than 30 days from the date the notice is mailed within
which Borrower may pay the cams declared due. if Borrower fails to pay such cams prior to the expiation of cash period.
Lender may. without further notice or demand on Borrower. invoke any remedies permitted 6y paragraph l8 hereof.
Not~t-UxttAorent Covtxaxrs. Borrowrer and Lertdet further oavenant and agroe as follows:
let. i~ Rartiies. IEb<ee}t w pr+nriied iw 17 ties+a[, upon /rnrwes'a tireaeti of asP rerewart K
agrtersewt of tii~rer r ttrit Marlisge. irciriMrg the cbrerrarb fo !a7' wtiew its w7' sews ssewai yr ttiit Mkt. Lewlen
prise M aeaaietladsw drag twsN rorke b tierr~awer sa prorMed M /angraph 11 titreo[ speelfirMsgs (1) At bseael~ ttie se1Mw
tpiei b ewe cacti Trreaettt l~ a late. rat lest den 3• ~ tro¦r ttie isle ttie waMetz r oriel N tiart~awen, h wtiki sreti
bsetteti wwt ere ew'e~ awtl (h drat faWrne t• cant strcti istaeti ew or iefens ttie iaM s*etrati r tie wader ttgy tessM i•
woederatitr die cwt ttrew+ti try Brit Mores NtKtiettnt ti }iitdl lneeaeirrg awl sale of ttie irropesty. Ttie wNiee
liar finlier iwfonrs larewet M tie riRtit M reirtWe alter acetletatMw aril tie rlgM M attest r tie tFisetlrswe ptetat~
dse w•tsittewoe at a ielarlt er airy artier ielewse of >ferdawer a aecekratiaw ari fassaiatrte. R die trreaelr is rase ersei..
on tklne die late yeeiiti i¦ die s~olieq l.ewier st [.crlet's e~tiow wiay iteiane r e[ die ttwws aternei tit tilt M«~pype>r tit
twrtiftely ire awl ~ayaMt wiltiert [rrttier demand ear aa~ Ierselstt tilt MatlsrRt y }ieW 1. Tender attest[
tie swfidti N ~+et[aee L stteti prrtttiisR at[ ayesbres at ferseloswte, irelrlirg. tier wet ¦taiMl Mr seataaaMt sttxae:Ns isss.
aai esslt al iresawewtwry eriiewes, atiMrwett awl title re~aret.
1!. laeewsi's Ri~lrt a RtirthM. NotwithstandinE Lenders acceleration of the sterns secured fry the Mortpge.
Borrower shall have the right to here any proceedings begun by Lentkr to enforce the Mongsge discontinued u any time
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