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Lender's warren agreement ur apphrtble Ltw lirrruwer shall pay~tRv ~nit?Ynt of :~1 rt$t+~gace imur.ut~r premium, in the
manner provided under paragraph ? hereut
:env ant.nnnc di,huned M 1 ender pur,uant to this par.+~r;iph wuh uttere,t thereon. shall heconie additirnal
rndehredne,s .+f 13.+rn+wrr secured h~ tht, \torteaLr t nk„ B,+r;owes ;uul I ender acres to other team ++1 payment, such
anu+unh shall I,e pavahk a{>.+n n+qi,~• fr.an 1 ender to B+arrwer reyue,tinL pa}mrnt thr?e++f. and shall hear interest fmm the
d.+tr of .li,hurcrment at the r.+te p:+vahle from time h~ time un outstanding principal under the Note unless payment of
intrrru at such rttc wrndd he contrary n+ appli.ahle hnv. in ~rhich event cttch amuuntc shall hear interest ~?t lhr highest rate i
pcrmissihle under applicable law. N+,thing contained in this paragraph 7 shall reggirr l.endcr to'ittttttr.any expense or take
r
any actntn hereunder.
R. Inspection. I ender mav make or cause to he made reaconaMe emriec up.+n and inspections of the Property, provided j
that 1 ender chill give Burrower notice prior to am• such incpectirat specih~ing rcasonahle sauce thcref+~r related to Lender's
interest in the Property.
9. Condemnation. The prrccrds of any award or claim fur damages. direct or rnmequential. in connection with any
condemnation or other taking of the Pn,perty, or part thcre.~f. or for conveyance in lira of condemnation. arc hercM• accigned
and ,hall he paid to l.cndcr.
In the event of a total taking of the Pmperty. the pn,ceeds shall I,e applied to the sums secured by Chic Mortgage. i
with the excess. if any, paid Io Borrower. In the event of a partial raking of the Properly, unless Rorross•er and i_cndcr
otherwise agree in writing. there shall he applied k• the sums serurcd M this Morigauc such pmlxxtiun of the proceeds
3s is equal to that prop<,rtirn which the amount of the sums secnr~J h~ this \1+,rtgagc immcdiatel~• pri++r to the date of
c+king hears to the fair market ,•alue of the Propert~• immrdiatch• parr to the .late of taking. with the balance of the proceeds
paid to Borrower.
Tf the Property is abandoned by Borrower, or if. after notice by Lender to Burrower that the rnndemnor offers to make
an award or•settle a claim for dan:aLec. Rurn+wer .fails h~ re,l+ond u+ 1 ender within 3t1 das•s after the date such notice is
mailed, i_ender is authori~cd to collect and apply the proceeds. at Lendcr'c option. either to restoration or repair of the
Property or to tkc sums srcurcd hy~ this Mortgage.
lhtles•, i.endrr and Aorruwer othcrw•ise agree in writing. anv such appliratirn of proceeds to principal ,hall n++t extend
or lu,stpone the due date rf the monthh• installments referred to in paraertphs 1 and 2 hereof or change the amount of
arei+ installmcritc.
10. Borrower Not Released. Extension of the time for payment or modificaron of amortisation of the sums cccurcd
by the. A•1ortLagc grtntcd by Lender hs am successor in intcrest of Borrower shall not operate to- release. in ans• manner.
the li:+hility of the original Borrower and Borrower's succesu,rc in interest. Lender shall nut l,r rcyuired to commence
proceedings against such successor or refuse to extend time for payment or otherwise modify amurtiiation of the sums
,ecured by this Mortgage by rcas.,n of am• demand made h, the ++ri~•ina) Born+wcr and Bornnvrr s cuccreson in iniercct.
11. Forbearance by Ixnder \ot a ~~'river. :1nc forhr:trancr M 1 rndcr in exercising am right or rcmeds• hrrcnnd~r. or
otherwise afTorded by applicable law, shall not tx a wais•er ++f or preclude the exercise of am~ such right or rcmeds•.
The procurement of imurance or the payment of taxes or ether liens or charLes he Lender ,hall not Ix: a w:~icrr of 1 ender s
~i2ht te+ ar:::_1:-r_et, :hC r+.,:et•erete. of th~• ;nd~htcdnr„ sr_,rrrd hs thi, ~1olt_L'al•C.
12. Remedies Cumulative. All remedies prowidcd in this ~IortLaer are distinct and cumulative to ;uts• other right or
remedc tuukr this Mortgage rr aff.+rded hs• law or equity. and ma, Le exrrriud concurrently. independenth• ++r successively.
13. Sueressors and ~~tiigns Bound: Joirii and Seteral l.iahilih; ('aptions. The covenants ::red agreement, herein
cuntainrd shall hin.l.:+nd the rieht, hereunder shall int,re t++_ the rrspectice arccesu+rs and assigns of I ender :out Borrower.
.object to the prowi,iuns of paragraph 1 : hercol. :VI cuven:uns and agrermcnts of Rrrro:cer shall I,e i++int and scvrral.
Thc caption, and hea.linLs of the paragraphs of this 11.,rtgage are for convenience Dale apd •are not to he used to
tntrrprrt or define the ~rovisi++m hereof. ;
14. Notice. Except f+•r am• notice myuired under applicahlr law tr he Liven in an.Nher manner. f;tl :+nv notice to
Bormwcr provided for in this ~lorte:+gc shall t,e civrn by mailinL su:h notice M :enificd plait addressed to Rorr++wcr at ~
the Property Addrc,s ++r at ,uch other :uldre,s ac Borrower mav de,icn;?te M notice to I rndcr as pn>vided herein. and ~
thl am notice to I ender ,hall tx ii,en by rerUticd mail. return receipt reuuested. n, I rnder's address stated herein or to ;
,uch .nhcr addres, .+s 1 rndcr mas de;ignatc M notice tr B.+rn+wcr ac procidr.l herein. :\ns• nc,ticr pr.+vidrd fur in this
\t++rtgage shall tx: deemed t., have been Liven tr &~rrower or I rndcr when Liven in the manner designated herein.
l~. i•niform ~1ortt;a>;e: Gnverninp l.a..; Sevrrrhilih. "I hi, t++~rn of morteaLC romhinrc uniform covenants fur national
isr and mv:-unit-arm :+••.rn;utts with limit.+t ,aviation, hr ~unsdtcti++n t:+ ~~+nstitule a uniform secnrin~ instrument em•ering
'real property. This ~lortg.+Lr shall he Luvented by the law ++f the turi,.tiction •n which the Pmperty k+cated. In the
eat that :I. pr:+,'is::+n :,r CiaiiLe .,f iii i, ~I.jri f;;iii' ,+r the ~,.i~' ~i,titiii 1, ~i ith 3i,piii 31'+12 iaw_ ifiih c.,nfT i:: ,ii:ill not affect
I ,uher pr~stsions of this ~fortea~e .+r the \rt•~ whtctt ran hr _isen e1Te:t without the cunflictmL provision. and to this
~ cr.d the prr+isi.a+s rf the ~1ort:!a~+e and the \,+te arc dreL~n•d tr he ,evrrahie.
~ 16. Borrowers ('opc. Rrrrower ,h:~ll he funr.,hr.l ~ ~,atl++nned copy the dote .m+± of thts MorteaLe at the timC
•+t cxecutiun or ;+ftrr rep+,rd:Uion hrreuf. '
17. Trander of the Property::lssuntption. if all .+r :ut~ cart of the Property or an intcrest therein i. ,old or tranderred
by Burrower w;th,a•t I ender's prior written ~rnsent. escludinL tat the creati+at of alien or encumbrance suhrnlinate to
thi, i1++rte;tLe. th? the creation .+f a purchase monec se~urin interc;t f.+r household appliances_ Ict a transfer hs• devise.
descent ur M' oprrauon of law uprn Ihr death rf i++ntt tenant rr fd~ she Leant ++f anc teacehold interest of three years ur Ica
art containing :+n option to pnrchase._ 1 rndcr m.o..tt 1 rndcr'..+purn. dr, are all the sum, secured by this Mortgage m I,c
nunedtately due and nayahle. Linder shall have waned ,u:h opUon tr aceefcrttc if. prior to Ihr ,ale or transfer. I.cnder
.end the peach n, whom the Prrperts' i, t.+ hr v,l+! .+r tr.m,terrcd reach agreement in writing that the credit rf such person
i, catisfartor to Lender and th:;t the intrrr,t p:,~.~hk rn the ,ums secured hs• this MortLag2 shall he at such rate ac Lender
~h:+ll request. If 1 ender has waived the option t,+ accrle~.~te provided in this paragraph 17. and if Rormwer'c successor in
mteresc ha, executed a written assumption agrermertt accrptrd in wrihnL M• I rndcr. Lender shall release Bormw•er from all
uhligationc under this Jtortgagc and the Note.
If 1 ender exercises such .+ptu~n t., aerrlera?e. 1 rndcr sh:dl mail Rornnvrr notice of acceleration in acrnrdance with
paragraph 13 hcrcof. Such notice ,hall provide a prrioel .+f not Its, than 3(1 d;tvs from the date the notice i; mailed within
which Borrower mac pay the sums decl.tred dnr It Brnowcr fails to pap such sums prior A+ the expiration rf such period.
) Lender mav, without further Warier or demand on kornn~er. imrkr anv remedies permitte;l by paragraph IR hcrcof.
tiox-UstFOttst Covtv,x7s. Burrower and 1 rndcr further covenant and atzrce as follows:
18. Acceleration; Remedies. Except as provided in paragraph 17 hereof. upon Borrower's breach of any covenant or
agreement of Borrower in this Mortgage, including the covenants to pa}• when due am~ sums secured by this Mortgage. i.ender
s prior to acceleration shall mail notice to Borrower ac provided in paragraph 14 hereof specifying: (1_) fhe breach; (2) the aMion
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 may result in
1 acceleration of the sums secured by this Mortgage, foreclosure by judicial proceeding and sale of the Property. 'Ilte notice
.shall further inform Borrower of the right to reinstate after acceleration and the right to assert in the foreclosure ptbceedir~ 3
the non-existence of a default or anv other defense of Borrower to acceleration and foreclosure. If the breach is not cured on
or before the date specified in fhe notice, bender at fender's option may declare all of the sums secured by this'.4lortgage to be
immediately due and payable without further demand and may foreclose this Mortgage by judicial proceeding. Lender shall
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. Notwithstanding Lender's acceleration of the sums secured by this Mortgage.
Borrower shall have the right to have am• proceedings begun hr lender to enforce this Mortgage discontinued at any time
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