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Lender's written agreement or applicable law. Borrower shall pay the amount of all mortgage irtsuranots ptemittms in the
manner provided under paragraph 2 heroof.
Any amounts disbursed by t.enckr pursuant to ttii~ ~llatitgrtt~ 7, with interest thereon, snap become additional
indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other arms of payment, such
amounts shall be payable upon notice from Lender to Borrower requesting payment thereof, and shall bear interest froth the
• date of disbursement at the rate payable from time to time on attstanding principal under the Note »nless payaaent of
interest at such rate would be contrary to applicable law, in which event such amounts shag bear interest at the highest tale ~
permissible under applicable law. Nothing contai~ted in this paragraph 7 shall require Lender to incur any expatse or fate ~
any action hereunder.
fl. lrupecfioa. Lender ma make or cause to be made reasonable entries upon and inspections of the s
y
that i.ender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor re1P
a~tad toy I.dtdtr's f
interest in the Property. ,
9. Cotadetwwatba The proceeds of any award or claim for damages, direct or consequential, in connection rritit any
condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigeed
and shall be paid to Lender, '
In the event of a total taking of the Property. the proceeds shall be applied to the sums secured by this Mortgages.
with the excess, it any, paid to Borrower. in the event of a partial taking of the Property, unless Borrower and I.eoder j
otherwise agree in writing. there shall bt applied to the sums secured by this Mortgage such proportion of the proceeds 1
as is equal to that proportion which the amount of the sums secured by thts Mortgage immedutely prior to the data of
taking bears to the fair market value of the Property immediately prior to the date of taking, with the balance of the pr~ceseds
paid io Borrower. _
If fifes Property is abandoned by Borrower. or if. after notice by !.ender to Borrower that the eondannor olkrs to mate }
an award .ar settle a claim for damages, Barmwer fails to respond to Lender within 30 days :feet ~tlte date such notice is
mailed, Lender is authorized to collect and apply the proceeds. at Lender's option, either to restot~ation or repair of the
Property or to the sums secured by this Mortgage.
Unlesi Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shag rtot extend
~r postpone the due date of the monthly installments referred to in paragraphs 1-and 2 hereof or change the amount of
such_ installments. -
10, iliorrower~Not Released. Extension of the time for payment or modification of amortization of the stmt secured
by this Mortgage granted by Lender to any successor in interest of Borrower shalt not optnte to release, in any manner,
the liability of the original Borrower and Borrower c successors in interest. Lender shall not Ile. roquired to comntenee
proceedings against such successor dr refuse to extend time for payment or otherwise modify amortization of the sums
secured by this Mortgage by reason of any demand made by the original Borrower and Borrower's successors in interest.
11. Forbearance ity 1Lcwder Not aWaiver. -Any f~rhearance by Lender in exercising any right or remedy heteurtder. or
otherwise afforded by applicable law, shall trot be -a waiver of or preclude the exercise of any such right or remedy. _
The procttremtnt of insurance or the payment of taxes or other lizns 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. Rewtedies Caa~utafFe. All remedies provided in this Mortgage are distinct and cumulative to any other right or
remedy under this Mortgage or afforded by taw or equity, and may be exercised ceacurrcntly, independently or successively.
13. 3ttceessors said Assigws 1lottwd: Joint and Several i.iabitify; CapNows. The oovenat?ts and agreements herein
contained shall bind, and the rights hereunder shall incug to. the respective successors and assigns of Lender spd Borroaesr.
subject, Io the provisions of paragraph 17 hereoG All covenants and agreements of Borrower sh:Il be jolty and several.
The captions' and headings of the paragraphs of this Mortgage arc for convenience only and ate not to Ile used to
interpret or define the provisions hereof. - _ -
14. Naticse. Except for any_notice required under applicable law to 6e given in another manner, (a) any notice to
Borrower proovided for in this Morttta¢e shall be given by mailing such notice by certified mail addressed to. Borrower at
the Property Address or at such otht~r address as Borrower may designate by notice to i.ender sz provided herein, and
(b) any notice to Lender shall he given by certified mail, return receipt requested. to Lende>'s ttddresss stated herein or to
such other address as Lender may designate by ttntice to Borrower as provided herein. Any notice providod for in this
Mortgage shalt be deemed to have been given to Borrower or Lender when given in the manner dtxign;fed herein.
1S. Uwlfortw Mortgage; Governing Law; Severability. This form of mortgage combines uniform covenants for national
use and non-uniform covenants with limited variations by jurisdiction to constitute a unifornn security instrument coveting
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 Nott conflicts with applicable taw 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.
16. lorrowar's Cody. Borrower shall be furnished a conformed cop}' of the Note and of this Mortgage at the time
of execution or after recordation hereof.
17..Traaster of tit: Trolerry; Assarwtptiow. 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 wbordinate to
this Mortgage. (b) the creation of a purchase money security interest for household appliances, (e) 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 containing an option to purchase, Lender may, at Lender
s option, declare all the sums atxured 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 cold or transferred mach agreement in writing that the credit of such person
is satisfactory to Lender and that the intcrrst payable on the sums secured by this Mortgage shall be at such rate as Lender
shall request. Tf Lender has waived the option to accelerate provided in this paragraph 17, and if Borrower's successor in
interest has executed a written auumption 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 accetrate. Lender shall mail Borrower notice of acceleration in accordanc-c with
paragraph 14 hereof. Stitch notice shall provide a period of not less than 30 days from the date the notice is ma'kd within
which Borrower may pay the sums declared due. if Borrower faits to pay inch sums prior to the expiation of wch period,
Lender may, without further notice or demand on Borrower. invoke any remedies permitted by parsgaph lg hereof. -
Norr•UxtFOttt?r CovENANTS- Borrower and Lender further covenant and agree as fOllOwa:
10. AceNerrMiou; Rerwtdies. Ettcept as provitltd iw patRrapi 17 tMereot. Roes Ifararwer's tM+taeb et arty teves~awf ttt
agreemewt o[ tttorrower its tbis Mortgage, behrdisR tic covewsrrb to pay wtsew !tae ar swans securest tlry Ntlt MoriRaRt. iLeattke
!riot to aredastiow trbap rnaA wotlce to lliorrower m rrovNed V psragnpi 14 trereot speelf'>igs (f) Nrt (Maack (2) the ttcfiow
retp>~d fb crate steel ireac~ (3) a tittle, cwt less flaw 30 days troth tiff date tie wotke r atasilci N Betnwer. sty wild sestet
6reaci mast k carted; aattl (4) that f`aWtre to care tarsi ttrteaci a or iefae fire date sps+cifiei V tie wotke swh reswM i•
wecderaNow oft tie saratr sattrrd iy tltk MottgaRe, torsciostttr t?y jttdlcial proeee~dittg anti ssie d trt tTiropetiy. Tie tastiee
clear ffwtWer Wotrw'orrower off tie tight to reitMate after sccelerttAiow awd tie right b area i• Nee torttlsswae paeteetilittg
tie wow•e:iatertee of a tlefsttit or any other defcarse o/ iorrower to aaetiersllow awl toreebeane. N fire bra,ttb i arc/ ewr~si taw
or itesler+e tic dMe yaciittl law fire ttotit:e. Lewder at l.ettder's optiow taay declre aflf off Nee stwtas setwrd i?f !ties Moelg'atRe a k
6wredhtely tlwe a¦i psyaiie wieiowt ftuther der»and awd s?sy foreclose tttla Mort;age by jwikii ~retsettiiwR. 1Lewder deaf!
tYe to traiit!af b steel raocsedittg alt e:pewses of forecloswrte. Ytclwdiag, 6wt asst tltttrBe! la, rsaNwsttle stlwrtey's fees,
awl assts of tM~e•-~taetutary erfiaewee, aiatracts ant title repro.
1!. fioraowa's Right to Reiwatate. NotwithuandinE Lenders acoekrtttion of the stxas ~ecur+ed by thtf Mortiage.
Borrowsr shall have the right to have any proceedings begun by Lender to enforce this Mortgage discontinued at any time
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