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Leader's written sgroement a spplicabk law. Borrower shW pay the amount of ~dt31~11~ Tgsuirartoe premiums is the
manner provided under paragraph 2 hereof.
Any amounts disbursed by Lender pursuant to this paragraph 7. with interest theueort. chap btx~onre additional
indebtedness of Borrovrt:r secured by this Mortgage. Unless Borrower and Lender agree to other reran of payaaetN, sttedt
amounts shall be payable upon ndice from Lender to Borrower requesting pa f, aril shag beu interest frow the
date of disbursement. at the rate payable front time to time on ountandinsygra'r~un8sr the Note unless pal}aseat of
inter+at at such rate would be contrary to applicable few, in which event such amounts shall bear intaest at flee highest rattf
permissible under applicable taw. Nothing contained in this paragraph 7 shall require Lender to incur any expense or tab
any action hereunder.
ft, isrr~etlien. Lender may make or cause to be made reasonable entries upon and inspections of the Property. provided
that Lender shall Rive Borrower notice prior to any such inspection specifying rrssotrsbb cave therefor related b Lptders
interest in the Property.
9 C~i~w„ The pr~oceods of any award a claim for damages, direct e>r eoetsegtaattial, in eorwtedb wish aey
coodemnation a other taking of the Property, a pati thereof, a for conveyanex in lieu of oortdannation. are herrb~r asipted
and shall be paid to Lender.
in the event of a total taking of the Property. the proceeds shall be applied to the wens stxwrrd by this Mortgage.
with the excess. if any. paid to Borrower. In the event of a partial taking of the Property. unless Borrower and I~esder
otherwise agree in writing, there shall be applied to the sums secured by this Mortgage such proportion of the pr~ooeeda
as is equal to that proportion which the amount of the writs secured by this Mortgage hnmedLte!)? prior to the des d
taking bears to the fair market value of the Property immediately prior to the date of taking, with the balance d the pt~ooeeds t
paid to Borra~rer.
If the Property is abandoned by Borrower, or if. after notice by Lender to Borrower that the oortdeanttoy oll~ees to mob
an award or settle a claim for damages. Borrower faih to respond to Lender within 30 days after the date such notice b
mailed.. Lrn~r is authorized to collect and apply the proceeds, at I.crrder's option, either to restoration at repair d the
Property or so-the auras secured by this Mortgage.
Unlehs I.ender,utd Borrower otherwise agree in writing, any such application of proceeds to principal shat! not exteod
or postpagte fhf due date of the monthly installments referred to in paragraphs 1 and 2 hereof or daage the aawuat d
.such itt:t tmepts.
lA. Rarr~ower 1HM Rekasei. Extension of the time for payment or modilkation of aertortizatton d the wens warred
by this Mortgage granted by Lerxkr to any successor in interest of Borrower shall rat operate to release. in argr manner.
the liability of the original Borrower and $orrower's successors in interest. Lender shall not be required to commt:rtx
proceedings against such strocessor or refuse to extend time for payment or otherwise modify arerortiwtion of the sums
secured by this Mortgage by reason of any demand made by the oritinal Borrower and Borrower's ~ in inter+at.
11. Fertearawee b I,esier Not a Wainer. Any forbearance by I..ender in exercising any right or remedy heretrader. or
otherwise afforded by applicable law. Shall not be a waiver of or preclude the exercise of any such right or ranedy. _
The procurement of inwranex or the payment of taxes or other Bern or charges by Lender shall not be a waiver d Lender's
right to accelerate the maturity d the indebtedness secured try this Mortgage.
12. Reweifes Ceswnlrh~ All rsrekdies provided in this Mortgage err definer and cumulative to sup other right or
remedy under this Mortgage or afforded by taw or equity, and may be exercised corrcurrrrttly. independently a wooasivdy.
' 13. 9taereasoes aattt Asslgas tlenwi: ?Ioit awl Several i.iaiiify; Ca*tisas. The covenarb aril agrreatertts heroin
contained shall bind. and the rights hereunder shall incug to. the.respective wccessors and assigns of Lender aril Borrower.
subject to the provisions of paragraph 17 hereof. All covenants and agrrcetatts of Borrower shall be joiN and several.
The captions' and headings of the paragraphs of this Mortgage an for convenience only and are rat to lk used to
interpret ex de5ne the provisions hereof.
14. Netiee. Except for any notice required under applicable law to be given in another mercer. (a) any notice to
Borrower provided for in this Mortgage shall be given by mailing such notice by certiAed mail addressed to Borrower at
the Property Address or at such dher address ss Borrower may designate by notice to Lender as provided herein. and
(b) any notice to Lender shall be given by certilted mail, return receipt requested. to T.endet's sddreas stated berrht or to
such other address as Lender may designate by notice to Bo~tower az provided herein. Any notice provided for in this
Mortgage shall be deemed to have been given to Borrower or Lender when given in the rra»rrer desiptsted herein.
1S. Udters Mortgage; t~overrriag Laws StrveraMWy. This form of mortgage: carbines uniform e~veaaetts for rational
use and non-uniform covenants with limited variations by jurisdiction to cautituie a unifonu security instrument oorer~irrg
teal property. This Mortgage shall be governed hY the law of the jurisdiction in which the Property a locatesd. In the
event that any provision or clause of this Mortgage or the Note oatAicts with applicable law. such oonllid shall not aged
other provisions of this Mortgage or the Note which can be given eBect without the cortAictirrg provision. and to this
end the provision of the Mortgage and the Note err declared to be severable.
lt+~ 1osr~owers Con. lorrower shall be furnished a conformed ~ of the Note sad d this Mortgage at the t'nrk
of execution t>r after recordation hereof.
27..'ltsrfer ~ ttte hopesfys AsnarrNios. If sll or any part of the Property or as interest therein is sold or transferred
by Borrower without I.ertder's prior written consent. excluding (a) the ereatioe of a lien or encumbrance subordinate to
this Mortgage. (b) the treater c?f a purchase money security interest for itotrselrold appllertan. (c) a transfer l+y devise.
descent a• by operation of law upon the death of a joint tenant or (d) the grant of any IeasettoW inten:st of three years a less
not containing "sn option to purchase. Lender may, at Lender's option. declare all the wens secured by the Mortgage to be
immediately due and payable. Lender shall have waived such option to aooderate if. prior to the sale or transfer. Leerier
and the person to whom the Property K to 6e sold or transferred reach agreement in writing that the credit of such person
is satisfactory to Lender sad that elk interest payable ore the sums xcurext by this Mortgage shsll be at such rate ss Lender
shall request. If Lender has waived the opt'an to accelerate provided in this paragraph 17. sad if. Borrosrcr's sueoeesot in
interest bas executed a written aswmprion agrecnkrtt accepted in writing by t.ertder. Lender shall release Borrower from all
obljptiems under this Mortgage and the Note.
If` t~atder exercises such optan to aooekrate. Lender shall mail Borrower notice of accekraCan in atxordarrec v?•ith
paragraph 14 hereof. Stitch notice shall provide a period of rat less than 30 days from the date the notice is mailed within
which Borrower may pay the wens declared due. If Borrower fails to pay such wens prior to the: encpiratioa of such period.
Lender may. without furtlkr notice or demand on Borrower. invoice any remedies permitted by paragraph 18 her+eot.
Now-iJxtroarw C~Haxrs. Bormarer and lender further eareaant and agree ss fotfoors:
lli. Aecdesa!ds~ Raaeiss. EzueM w perevNat i• paragralt 17 Itosest. RM lsarsrwse~'a tra+aet at ah eNesnM K
ag!reesatent aft >Msewastt Y tils Maslg~e. Irelnt>Irtg rite ewsrtarals tb pq wiera ~t atq? :recess seensai h tli MaslRags. iwnies
psffer N aecdesalNrs steR t.sdt..tJce M >Nrnwer ens prrvNed is Mragraplt i4 Isssat h) As isatets l=1 tic selMta
setlaieei fr etas+e sne! iset+ela) t3) • +.2s, sect rate Bart 3B t4y. tr+arrt the ors pts ..see Y .raBsd M tasss~w~er. b wYde awl
ieeteh reset M enraf M (n tic taYttse N ears weft iretei a err isffase pre rate apeelAsd tw tie noltes :step restart i•
socderattew tat tie aanraa~e aee.etl y Aria Mestgrre, is.ecNwse b ~ !+'xe~s a.i sate K rte Prepesy?. 71te .silos
shalt tneAer fates 1a~rrewer ea[ lie r1W w,el~state aher .ocelentp.rt acrd pre rlgM a aasnl V tie t«eetsawa ps.c.sa.s
the aea~adsterree tat i ie[anM tar aq taller iefeire at ltorrawer N teedtxapeta asri fasteiornrw K Ats bsetei is sMt carts ~ ~
tar tetotre pea isle s*eei1W V tee sastiett. I.ettier r leistser's a~tiirr tttn reeiar+e ei at tts snorts aeensat! b Irts Merlppe eta k
isttreiialely dna areal wile wMiorM ttrAier detrraad s~ nary fiseeleae Ais Mesegap b }t1kW ~:raesetllrtR. T.esKler siaB
is erWy M eeieet fw welt psroeottttrg a/ s~rpeases tr/ tareeMsrtse, iseltatBag. ttN sot i¦tlNi M," reaaaertaYt sttorae)r'e tEees.
sty easls aL itaesutiardry edtle~oe, ahMneb reel tipt seperls.
i!. Msrrwesxi ~t fwe Ret¦siale. Notwithstanding Lettdee's aoodeation d the :teen aectrrad by the MortpBe.
Borrower shall have the right to have any proceedings begun by Lender to enforce this Mortgage discontinued at any time
60°K~1U PAGf~4
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