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LenJer'c written agreement or apphcahle IAN'. B.+rntwrr shall ha)• the am++unt of all mortgage incur:rose premiums in the
manner. pr.+yiJe.l under parrgraph 3 hereof.
:any amt+nnh Ji.hurcrD h~• I.enJrr pursuant to this paragrrph 7. ssith intcrest thereon, shall her.nne additional •
in.irh?edness ++f lion.+wer secured by this '.11ort>•aee l'nles Born+wer an.l 1 en.ler agree to other terms of payment. such
amounts shall Ix payable up++n rn+tice fmm 1 ender to Borrower reyue.ting payment thereof. anJ shall Lear interest in•m the
date of Jishursemcnt at the rate payable fn+m time to time on outstanding principal under the tiotc unlcc. payment of
interest at such rate smul+l t+e rontran• to applicable law. itt which es•em such amounts shall hear interest at the highest rate
prrmiscihle under applicable lacy. Nothing rnntained in this paragraph 7 shall require I ender to incur am• evpence or take
.uw action hereunder.
p ~ 1.....,.,.to t.r.. .,.r n.t ;n~n.•.N uvu ni It+~ PMna`rll'. RM\'IDl'D
that 1 ender shall give Borrower notice prior to am• such inspection specifying reasonable cause therefor related to Lender's
interest in the Property.
9, Condemnation. 'fhc proceed. of any award or claim for damages, direct ar ronsryuential. in ronncrtion with any
:undemnatiun or other taking of the Property. or part thereof. or for conveyance in lieu of condemnation. arc hcrcM' assigned
anJ shall he paid to ).ender.
In the event of a total taking of the Property. the proceeds shall he applied to the sums secured hs• this \lortgagc.
ssith the escess. if any. paid to Borraw•er. In the event of a partial takine of the Property. unless Bornnrer and 1.cnJcr
.+thcrwise agree in writing. there shall t+e applied to the wmc cecurcJ by this 1ltortgagc wch proportion of Ihr proceeds
as is cyual )I[? that pmlx+rtion which the amount of the xumc s~curcd by this ~lortgagc immeJiately prior to the date of
taking tzars to the fair market value of the Property immediately prior to the Jate of taking. with the balance of the proceeds
paid to Borrower.
If the Property is abandoned by Borrower. or if. after notice by 1 ender to Borrower that the rnndemnc?r offers to make
an award or settle a claim for damages. Borrower fails tr• respond to 1 ender within 3(1 days after the daft such notice is
mailed. ).ender is authontrd t0 collect and apph• the proceeds. at I ender'. option. either to restoration or trpair of the
Pmpeny or to the sums .ecured by this ~lortgagc.
Unless Lender and Borrower olherw•ise agree in scriting. am• such appliruion of proceeds to principal shall not estend
or postpc.nc the due D:ue of the monthh• installments referred to in paragraphs 1 and ?hereof or change the amount of
such installments.
10. Borrower Not Released. E~tcncion of the time for payment or modification of amortisation of the sums secured
by this Afortgaec Cnnted M• ).ender to am_• successor in intcre.t of Borrower shall not operate to release. in any manner.
the liahilin of the oricinal Borrower and Borrower's surressors in intcrest. ).ender shall not he reyuireJ to commence
proceedings agaimt such successor or refuse to estenJ time for payment or othcnyisc mc+dify amurtiiation of the sums
.ecured by this Mortgage M• mason of am• demanJ made by the oricinal Borrower ;utd Rormwer c curressor. in intcrest.
I1. Forbearance by Ixnder \ot a R'airer. :env forhe:uance by 1 ender in rserrising any right or rcmeDy herrlrnJCr. or
+therwicc affordeJ by applicable law. shall not he a w•aiyer of a+r preclude the escrcise of am~ such right or remedy. {
The procurement of insurance or the payment of talcs or other licm or charges by ).ender shall not t,e ;r waiver of 1 enJcr's {
right to arcekr:Ne the maturity of the inJrhtedness .e_urrd by this Mortgage.
12. Remedies Cumulative. All remedies pn+siJed in this ~fortcagc arc Distinct :utJ cumulative to ;:nv other right or
remeJc• unJer this Mortgage or afforded he law or ryuity. anJ may F+e esrrrised concurrently. indepenJentl~ ++r ,urcrssively.
13. Succeccors and A~signc Bound: Joint and Several I.iabilih: ('aptions. Thr covenants ;:nJ agreement. herein
contauteJ shall hind.:rnd the ri~•ht. hereunder shalt inure to_ the respertice surccsors anJ assigns ..f ! rn.lcr :utD Borrower.
,object to Nte pn+.isions of paragrrph 17 hcreo(. ;III covenants anJ agreements of Born+wrr shall tte i++int and several.
The caption, anJ headines of the paragraphs of this Mortgage arc for rom•eniencr only anJ arc not 1.. t+e used ro
rnterpret r;r define the pn.vi.ionc hereof.
14. \alice. Except for any notice reyuirrd under applicable law to he given in another manner. (at :un• notice to
Born+wer provided. fur in this ~lortgaec shall I+e given by mailing such notice by certified mail addres.ed to Borrower at
the Pr.+I+ern~ :WJrca or at such other address as &+rmwer nrrv De,ignarr by n++tice to I ender :+c proyi.kJ herein. and
rht am notice to I cnJer shall F+e given M rcrtifieD maul. renrrn receipt reyue,teJ. to 1 cn+!er'. adJrccc ct:ued herein or to
,uch other aJJrcss ds I.rndrr may Designate hs notice to Borrower as l+rosideJ herein. :any notice provide.) for in this
~tortgagr shall I+e dcemeD to have been given to Borrower or I ender when given in the manner designated hcrcin.
j I5. l'niform ~iortKrge: Goyernink LaN: Seycrabilih. ihi, form of mort!~a~e combines uniform rc+venant. for national
u.e anJ non-uniform cosen;utt, with limite.l sariations by iuri.Jiction to con,tinrte a unifurnt ccrnrity imtnrmeni covering
real pmpert~. This ~turtgaee shall Fxr guvrrnrD by the law of the iurisJaction in which the Property is located. In the
scent that any pr.+visrun or clause of this ~lorigage or the \.+te coot?i;t. with appiirdhle I:nv. loch conflict ,hall not affect
.+ther pnnisions of this ~1orlgage ~+r the \ote which ran hr ersen effect without the conflicting pmci~ion. :uttt to this
_ enJ the pros isions ~+f the \lorteagr ;urJ the \oIr der ~lecl;rred to Fc ,everahle.
16. Borrowers ('opt. Borrower shall hr fnnti,hr.l :r coot++nnrJ rrpv ++f the \ote and of this Mortgage at the time
,~f evecution or after reconlatiun hcrr++f.
~ 17. Transfer of the Property: assumption. 11 all or .ens t~.+rt of the Pr.+perty or an intcrest therein is ,.+Id or transferred
l.v Borrower without Lender's prior written i+anent. cs~luc!inc r:r? the creation of a lien or rncumhrance subonlin;UC to
th:, \lurtgage. rh? the rreaUOn of a p!rrrh:r,e tnonr~ se:urrt•. ~ntere,t for.houcehulJ appliances. tct a transfer M• devise.
descent or by ol•eration of L,ss up.+n the death +~f :r i,.int tenant rr 1Jr the grutl of dm leasehold intcrest of three yr:+rs or Iecc
not c.attaining an opticm to pErr~hacr. I enter m;:y_ . .rt I ender' ..piton. dreLrrr all the sums secured he this ~tortgagc to he
~mnre.irdrly due and payable 1 rndrr shall base w;used sorb opti++n to acrrler.4c if, prior to the sale or transfer. I.cnder
.rnJ the person t:+ whom the Pr.+p.rtc i, t++ hr sulJ .+r tramierrrJ reach .r;rrcmrnt in writing that tht rrr+tit of such person
catisfach+n to Lender anD that the intere,t pa~ahle on the sums securrD by thi, 1ortgage shall hr at such rate ac Lender
shall rryue.t. If 1 ender has waivrJ the r.pti~at to arreleratr provide.) in this , ara!,raph 17. and if Borrrnycr's successor in
ntere.t h:rs escruteJ a written asumption agreement :u.repteD in writims hy_ I enter. Lender shall release Borrower from ail
.+hlic:rtiom unJer this ~tortg:rLC and the tic+te.
If 1 ender everrises ,uch option to accelerate. I ender .h.rll m:u! Borrower notice of acceleration in aca•nlancc with
:+:u:rgr;rph 1.3 hereof. Such notice ,hall pnn•iDe a period of n+.r less than 3~ Jays fmm the date the notice is mailed within
? % chirh Born+ccer m:rv p,,ti the ,nms JerlareJ due. It Bc+nuisrr fails n+ pay such ,um, prior to the aspiration of such perirxl.
ender m.n. without further notice or demand on Borrower. ntsoke am remedies permitte:l by paragraph IR hereof.
~ Nrri-I'~nnrest (~++s~rs:s~Ts Borrower anD I enJcr further cos•cnant anD acres as follows:
18. Acceleration: Kemedies. Except as provided in paragraph 17 hereof, upon Borrowers breach of any covenant or
akreement of Borrower in this ~torigage, including the co.enants to pay when due am sums secured by this'~tortgage. 1!.ender
prior to acceleration shall mail notice to Borrower as provided in paragraph 14 hereof specifying: (1) the breach; 12) the action
required to cure such breach; (3) a date, not less than 30 days 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 rosy result in
acceleration of the sums secured b}• this Mortgage, foreclosure b}~ judicial proceeding and sale of the Property. 71te 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 an} other defense r,f 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 ma}~ declare all of the sums secured by this Mortgage to be
immediate)}• due and payable ..ithout further demand and may foreclose this ~[ortgage b}• judicial proceeding. Lender shad
be entitled to collect in such 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. tiotwithstanDing Lender's accelerahon of the sums secured by thrs Mortgage.
Borrower shall have the right to have am proceedings }+egun by Lender t:+ enforce this Mortgage discontinued at any time
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