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Lender's written agrcemart or applicable law. Borrower shall pay the ataount o[ all mortgage in:tuanoo premiums is tha ~
' manner provided under paragraph 2 hereof.
Any amounts disbursed by Lender purswnt to this paragraph 7, with interest thereon. shall become additional
indebtedness of eorrowcr secured by this Mortgage. Unless Homower and ~~~~ppee,,10j other terms of payment. such
amounts shall be payable upon notice from tender to Borrower requesting pa~~ibroiif. and shall bear interest from the
. - date of disburstxrtertt. at the rate payable from time to time on outstanding principal under the Nott tmkss payraeut of
interest at such net would be contrary to applicable law, in which event such amounts shall bear interest at this highest rata
permissible under applicable law. Nothing contained in this paragraph 7 shall require Lendex to incur say experae or ts~ioe
any aMion hereunder. -
S. >hss*etlMa. Lender may make or catae 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 related b Larder"a i -
intereu in the Property.
9 CosieaaaNow, The proceeds of any award or claim for damages, direct a consequential. in cortnecdort with any
condemnation or other taking of the Property, or part tllercof, or for conveyance in lieu of condemnation, arc hereby auigrred
and shall be paid to Lender.
in the event of a total taking of the Property, the proceeds shall be applied to the sums aecurod by this Mortgage.
with the excess, if any, paid to Borrower. in the event of a partial taking of the Property. unless Bormrrer and Larder -
otherwise agree in writing, there shall be applied to the sums secured by this Mortgage such proportion of the prooeedt
as is equal to that proportion which the amount of the sums secured by this Mortgage immediately prior to the data of
taking bears to the fair market value of the Property immediately prior to the dart of taking, with the balance of tlra proceeds
-paid to Borrower.
If the Property is abandoned by Borrower, or if. after notice by Lender to Borrower that the condemnor offers b rra>ose
an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date such notice is
mailed- Lender is authorized to collect and apply the proceeds. at Lerrder~a option, tither to r+estortstion or repair of tisa (
Properly or to the sums secured by this Mortgage.
Unless Lender and Borrower otherwise agree in writing, any such applicat'wn of prod to principal shall not aaterrd
or postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of
such installments.
1l1. Isorrewer Nat Releases. Extrnsion of the time for paymrnt or tnod'dkarion of amortization of the stmss secured ,
by this Mortgage granted by Lender to any successor in interest of Borrower shall not operate to rek»e, in any manner.
the liability oC the original Borrower and Borrower's successors in interest. Lender shall not be reequircd to eommerroe -
proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the u~ms
secured by this Mortgage by reason of any demand made by the original Borrower and Borrower's successors in inleresl.
11. Foriiearawce b Lewset Not s Waher. Any forbearance by Lender in exercising any right or remedy herarrtder, or
otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such right of remedy.
The procurement of iresurantx or the payment of taxes~r other liens or charges by Lender shall not be a waiver of LROder's
right to accelerate the maturity of the indebtedness secured by this Mortgage. -
12. lteraesks Ctwatshflve. All remedies provided in this Mortgage are distinct and cumulstive to any other right or
remedy under this Mortgage or afforded by law or equity, and may be exercised cortwrrently, irtdeperrdently or suooes:iveiy. ;
13. Sacceaassts stss AssiRas lsoarrs: ,Tobr1 aai-Several i.ia6iBflr; Captisas. ?ire .covenants and sgreemertts herein
contained shall bind, and the rights hereunder shall inuug to. the respective successors and assigns of Lende~sgd Borrower.
subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be joirti and several.
The captions' and headings of the paragraphs of this Mortgage arc for conveniertee only and an not to Ile used to
interpret err define the provisions hereof.
14. Notice. Except for any notice required under applicable law to be given in another manner. (a) arry ratio b -
Borrower ptotrided for in this Mortgage shall be given by mailing such. noels by certitied mail addressed to Borrower at
the Property Address or at such other address as Borrower may designate by notice to ienritr su provided herein. and
(b) any notice to Lender shall be given by certified mail. return receipt requested. to Lender's address stated baein or td
such other address as Lender may designate by notice to Borrower ss provided herein. Arty notice provided for in this
Mortgage shall be doomed to have bees given to Borrower or Lender when given in the Wanner designated herein.
iS. Uwiforar Morl~e: Goveraiag Law: Sevcrabpity. This form of mortgage combines uniform covenants for national'
use and non-uniform covrnants with limited variations by jurisdiction~to constitute a unifornr security instrument covering
real property. This Mortgage shall be governed by the law of the jurisdiction in which the Property is located. 1n the
event that any provision or clause of this Mortgage or the Note conflicts with applicable law. such conflict shall not atfeet
other provisions of this Mortgage or the Note which can be girrn effect without this conflicting provision. and to this
s-xsd the provisions of the Mortgage and the Note arc Declared to be severable.
lf. Ifonower's Cow. Borrower shall be furnished a conformed cop3• of the Note and of this Mortgage st the time
of execution or after rceardation hereof. '
17..75rawter d ere Properly: Aswraptiow. 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 yeah or k~
not containing an option to purchase, Lender may. at Lender
s option. declare all the sums secured by this Mortgsge to be
immediately due and payable. Lender shall have waived such option to aooekrate 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 inten-st 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 tha paragraph 17. and if Borroweri successor in
interest has executed a written assumption agreemrnt atxepted in writing by Lender. Lender shaD reksse Borrower from all
obijgations under this Mortgage and the Note.
If Lender exercises such option to accelerate, Lender shall mail Borrower notice of acceleration in sceordancc with 1
paragraph 14 hereof. Stich notice shalt provide a period of not less than 30 days from the date the notice is mailed within
which Borrower may pay the scans declared due. if Borrower fails to pay such sums prior to the expiation of such period.
Lender may. without fuRher notice or demand on Borrower. invoke any rerrttdies permitted by paragraph Ig hereof.
Non-UNttAourrt CovErraxrs. BorroMer and L,ersder further covenant and agree as fopows:
lg. Aca~eleratiaas Re¦sdies. Euce~ as provMcs b paragnpr 17 meet. arras liaassvs~a rstaer d say co~eaaat K
agrtaae¦R d iernwer la eyes Merlgage, rseiaiiag the eoveaaMs to !a7 wrn eats aq sarsss steams ti Ire 1Nastgagt. Cosier
psiotr to aeedesatis. sda• aril .oNce to >sorrss.er s provfies r pragra/r 14 resod spedfyisgs p) ere rreadn (t? ere srlMw i
epriss b cats ssrei rseacrt (3) a eats, sat ices flaw 3t/ says G~aas ere sate ere ws~tke r t..llts N Mrrewer. ry wrki ewer
rssaer scat re galas; aces (n tlrat faiine to cwre strelr rreaer oa or retae ere isle arsa~ss r Nye wetke saay rssaM 4
se~deratigw st Ae s¦ras ieeatrei ry tYs Morlpge, fisrc~oswre b N'K~L aatl de e: Nrc Property. 7be wolke
airy tarlrer btorrw losnwer d the right eeisatale after aecekrafba aai ere rtg?t b asserl sa ere terteMtwtt rretesig
ere sow-ratsteaee d a sefaalt or a¦f other sefewse d Berrawet to aceeleratiew aai tacalosara M Re Meacr is aN etM+ei as
or refers ere sate apeelistl ar ere wolke. Leaser st i_eaier's optMw rary seertrs s• d lye sstar seewei i>y sr MartgaAe to re
f.s.eslslsly iae yai ~aMe wNroat trlrer dearand aai way ferselae trls Mestpge y?1dieW psreesiR- iender dray
re eaBAes a eo¦set iw saer pnesesiag ar wrpewsa of fereclossre, lwelaiisg. bat aN ¦rlsti tls, reaseasrlt attwrrey's fees.
anti oasts d it~aeatary rviseaee, arstrsets ass ude teNeb.
i!. >torrowa's Right a Rsishte. Notwithstanding Lender's aeoderation of the sums setaued by thr_ Mortgage. ~
Borrower shall have the right to have any proceedings begun hY Lender to enforce this Mortgage discontinued at any time
. ~ al,°~3~.7 P,~1434