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1 rnJer'c written agrcentrnt or applicahle law. l3urruwer shall pay Ihr amount of all mortgage insur;en:r premiums in the
manner providr+l under par-.?graph 2 hereof.
An}• amounts disbursed by 1.Cnlll'r pursuant to this paragraph 7• with interest thereon. shall become additional
in+hhtednrss of Burro++rr secured M this Muncage. l'i?Icss Rorn,wer anJ 1 rn+ler acue a~ other terms of pa}'mcnt. such
amounh shall I?e payable up.+n notice front 1 ender to Borm++rr rryuesting payment theuaf. anJ shall hear interest from the .
Date of dishurccmcnt at the rate pa}•ahlc tram time to time on ouKtandine principal under the ?tote unless payment of
intercct at such rate wool) he rnntran• to applicahle taw. in which event ouch amounts shall hear interest at the highest rate
prrmissihlr under applicable law. Nothing containeJ in this paragraph ~ shall require lender to incur any expense or take
any action hcrcundcr.
8. Inspection. Lender may make or cause to be made rcasonahlr entries upon :rod inspections of the Pmpcrt}•. provided
that I.endcr shall give Borrower notice prior to any such inspection specifying reasonable sauce therefor related to Lender's
intercct in the Pmperq•.
9. Condemnation. The proceeds of any award or claim for damacrs, direct or consequential. in connection with am•
condemnation or other taking of the Property, or part thereof. or far conveyance in lieu of condemnation. arc hereby assigned
anJ .hall he paid to I-cndcr.
1n the event of a total taking of the Property. the proceeds shall he applicJ to the c?tms secured by this Mortgage.
with the excess. if any. paid to Borrower. In the event of a partial takinc of the Pmpert}•. unless Bormwcr and I-ender j
otherwise agree in writing. there shall hr applied to the some secure) by this Mortgage such proportion of the proceeds
as is equal to that proportion which the amount of the sums sc:ured by this Mortgage immediateh• pricer to the date of
taking hears to the fair market valor of the Propcrh• immediatch• pricer to the date of takinc. with the balance of the proceeds
paid to Borrower. j
if the Pmperh• is abandoned M• Borrower. or if. after notice h}• Lender to Borrower that the condemnor offers to make ;
an award or settle ;t claim far Jamacrs• Bormwcr fail. to usp~+nd to l ender within i(1 Jays after the date atch Holier is
mailed. I.endrr is authorized to collect and apph• the proceeds. at Lender's option. either to restoration or repair of the
Property or to the sums ucured by this Mortgage.
Unless l.cndcr and Borrower otherwise agree in writinc, any such applic:Uion of proceeds to principal shall not extend _
or Ixxtpone the due date of the monthly installments referred to in paragraph. 1 and ? hereof or ch:uicc the amount of
wch installments.
10. Borrower Not Relc^aced. Extension of the time for payment or modification of amortization of the sums secured
M• this Mortgage gr.?nted M• lender to any successor in interest of Harrower shall not operate to release. in any manner.
the liability of the original Borrower and Borrower's successors in interest. Lender shall not hr rcyuired to commence j
proceedings against such successor or refuse to cxtenJ time for payment or otherwise modify amortization of the sums J
secured by This 1liartcage M• reason of any demand made h} the original Borrower and Bormwcr s successors in interest.
11. Forbearance by Tender \M a Waiver. Anv forhrarance h}• Lender in exercisinc an}• right or remedy hcrcundcr. or a
othrrvvise afforded h}• applicahle law- shall not he waiver of ar preclude the exercise of am- such right or remedy. {
The procurement of insurance or the payment of talc. or other liens or charges M• Lender shall not he a waiver of Lender's
right to acrclcratc the maturih• of the indehtednrss se_ured by this !ltortgaec.
12. Remedies Cumulative. AI! remedies provided in this Mortgage are distinct and cumulative to any other rich[ ar
reme.fy under this 1liortgage or affardeJ by la+c or ryuity, and may he exercised concurunth•. indelx:ndently or strccessively.
13. Successors and AssiRnc Boond: Joint -and Se+eral Liabilih•: ('options. The eox•enants and agreements herein }
containeJ shall hind, and the rights hcrcundcr shall inure to. the respective successors and assigns of l.endrr ;u?d Bormwcr.
subject to the provi.ionc of paragraph 17 hereof. :III covenants and agreements of Borrower sh:+Il he joint and u+•eral.
The captions and headings of the paragraphs of this Mortcace arc for cam•eniencc only and arc not to he used to
interpret or define Ihr provisions hereof.
14. Notice. Except far any notice required under applicahle law to he given in another manner. fat any notice to
Borrower pn•vided for in this \iortgage shall he given by mailing such Holier h+• certified mail addressed to Hormwer at a
the Property AJdress or at wch other address as &~rrower may designate by notice to Lender as pmvi+led herein. and
(h? any notice to 1_cnder shall tH; given h}• certified mail. return receipt requested. to 1 ender's adJrccc stated herein or to
such other address as I-cndcr may designate by notice to Borro++rr as provide) herein. :~m• notice provided far in this
Mortgage shall hr Jeemrd t~. hoer been given to Horn.wer or Lrndrr ++hrn given in the manner designated herein. j
1S. 1.'niform Mortgage: Governing Law: Severabilih~. This form of mortgage combines uniform covenants far national i
use and non-uniform cavr?~ants with limits) variations by jnris+tiction to constitute a uniform security instrument covering
real property. This Mortgage shall hr governed he the law of the iurisJiction in which the Property is I+•+:atrd. In the =
f event that am• pn•vision or clause of this '.liartgagr or the \otr conflicts ++ith applicahle la++. such conflict shall not affect
other pro+niom of this Aortgage or the \`otr which can hr <~ivrn rlTrrt without the conflicting prrn~icion. and to this
end the provisions of the '~tortcace anJ the \otr are Jrclarrd to he uverahle.
j 16. Borrower s Cop}. Borrower shall hr furnishrJ a conformed cop}• of the `'otc and of thi; Mortgage at the time
If of c~rcution or after rrcurdation hereof.
l 17. Transfer of the Pmpert}: Assun?ption. U all or ;?nv part of the Property or an interest therein is sold or transferred
h}• Bormwcr ++ithout Lrnder~ prior +crittrn consent. rscluding tat the creation of lien or encumbrance subordinate to
this Mortgacr. thl the creation of a purchase money srcunty tntrrest for houcehulJ appliances- (cl a transfer M• devise.
Jcsccnt or M~ operation of I:n+ upon the Jcath rf a loin[ tenant or (Jt the grant of any leasehold interest of [beer scars ar less
not containing an option to purchase. I cndcr may. at Lender'. option. declare all the sums secured by this Mortgage to he '
immrdiatrlc due and payable. I cndcr shall have ++aived such option to accelerate if. prior to the sale or transfer. Lender
anJ the pcnon to whom the Property is to hr sol.l or translerrcJ reach agreement in writing that the cudit of such person
is saticfacton to Len+irr and that the interest pa} able on the sums secured by this Mortgage shall he at such rate as Lender
shall revues[. If Lender has waive) the option to accrler,~tr pmcided in this paragraph 17. and if Borrower's successor in
intrust has executed a written assumption acrecmrnt acrcptrJ in ++rittng M• LcnJer. Lender shall release Borrower from all
obligations under this Mortgage and the Note.
If l cndcr exercises such option to accrlrr,~te. I rnJrr shall mail Bormwcr notice of acceleration in acrnrdancc with
paragraph 14 hereof. Such notice sh:Jl provide a period of not less than 30 Ja}•s from the date the notice is mailed within
which Borrower may pay the sums decl.~reJ Jur. If Bornn+rr fails to pay such sums prior to the expiration of such period.
~ 1-ender m:?y. without further notice or demand un liorro+scr. invoke am remedies pcrmittccl by paragraph I R hereof.
Nom-Urttotext Covr~:.{~TS. Borrower and I.cnder further rnvcnant and agree as follows:
18. Acceleration; Remedies. Except as prosided in paragraph 17 hereof. upon Borrower's breach of any covenant or
agreement of Borrower in this Mortgage. includirry; the covenants to pa)• when due an)• sums secured by this Mortgage, Lender
prior to acceleration shall mail notice to Borrower as provided in paragraph 14 hereof specifying: (1) the breach; (2) the action
required to cure such breach; (3) a date, not less than 30 da)~s from the date the notice is mailed to Borrower. by which such
breach must be cured: and (4) that failure to cure such breach on or before the date specified in the notice may result in !
acceleration of the sums secured by this 1ortgage, foreclosure by judicial proceeding and sale of the Property. 17te notice
~ shall further inform Borrower of the right to reinstate after acceleration and the right to assert in the foreclosure proceeding
the non-existence of a default or any other defense of Borrower to acceleration and foreclosure. If the breach is not cured on
or before the date specified in the notice. Lender at Lender's option may declare all of the sums secured by this Mortgage to be
immediately due and payable without further demand and may foreclose this Mortgage by judicial proceeding. Lender shall
be entitled to collect in wch proceeding all expenses of foreclosure, including. but not limited to, reasonable attorney's fees,
and costs of documentary evidence. abstracts and title reports.
19. Borrower's Right to Reinstate. Notwithstanding lender's acceleration of the sums secure) by this Mortgage.
Borrower shall have the right to have anc proceedings Fx;gun by 1-cndcr to enforce this tiiortgage discontinued at any time
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