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Lender's written agreemrm or appli~ahle law. Burrower shall pay the amount of all mortgage inu?rancr premiums in the
manner pr.+vide+l under paragraph 2 hereof.
Am' amounts disbursed by Lender pursuant tx+ this paragraph 7, with interest thereon. shall become additional
indehteJness .+1 Burn+urr secured by this Mortgakr l'nlcss Borruurr and 1 ender agree to other terms of pa}•ment. such
amounts shall he payable up.m notice fmm t ender to &+rrower reyursting pigment theuu(. and shall l+ear interest from the
.late of dishurccmcm at the rate pagahle from time to time an outstandinc principal under the hots unless payment of
intrreq at such r.?te would he a+ntran• a+ applicable law. in which event such amounts shall hear interest at the highest rate
permissible ?rndrr applicable lau•. Nothing contained in this paragraph 7 shall require i ender to incur any expense or take
any action hereunder.
8. Inspection. Lender may make ur cause to he made reasonable entries upon and inspections of the Property. provided
that Lender shall give Burrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
intrust in the Pmpcrh•.
9. Condemnation. The proceeds of any award or claim for damages. direct or consequential. in connection with am•
condemnation ur other taking of the Property. or part thereof, or far conveyance in lieu of condemnation. air hereby assigned
and shall t+r paid to Lcndcr.
In the es•cnt of a total taking of the Pmpeny. the proceeds shall he applied to the wmc secured by this Mortgage.
with the excess. if arr}•. paid to Borrower. in the event of a partial taking of the Property, unless Borruu•er and i.ender
otherwise agree in writing. thou shall he applied to the sums secured M• this Mortgage arch pmpartion of the proceeds
as is equal to that proportion uhich the amount of the sum. ce.urcd h}• this ~fortgagr immediately prior to the date of
taking Ixars to the fair market valor of the Property immediately prior to the date of taking. with the balance of the proceeds
paid t?. Borrower.
if tfic Property is abandoned by Bormwcr, or if. after notice hx• Lcndcr to &+rn+acr that the rnndcmnor offers to make
an award or settle a claim for damages. Bormwcr fails to restx+nd to Lender within 3A dax•s after the dare such notice is
mailed. Lcndcr is authorized to collect and apply the proceeds. at l.ender'c option. either to restoration or repair of the
Propertc or to the sums secured by this 1liortgage.
Unless Lcndcr and Burrower otheru•icr agree in writine. am• such application of proceeds to principal chill not extend
or lx~stpune the due dart of the monthly installments uferud to in paraeraphs 1 and ?hereof or change the amount of
such installments.
10. Borrower Not Released. 1?xtension of the time for pigment or modification of amortization of the cumc secured
by this Murtga¢r granted by lender to am• soccesu+r in intrust of Burrower shall nut operate to release. in any manner.
the liability of the original Burrower and Harrower ~ succesu+rc in interact. Lender shall not he r_yuiud to commence
proceedings jgainct such successor or refuse to extend time for payment or otheruice modify amortization of the sums
secured hx~ this Mortgage hx' reason of am' demand made hs the orieina) Borrower and Borrowers successors in interest.
1 i. 1•orbearance b}• Lender \ot a Wais•er. Ang furlxxarance he Lender in exercising am• right or remedy hereunder. ar
.ahcr•;ise affo•ded by appticahlc law, shall not he a waiver of ur preclude the exercise of any such riche or remedy.
The procurement of insurance ur the pas•mcnt of taxis ur other liens ur charges h}• !.ender shall not he a u:?ieer of l endcr'c
right to accelerate the maturih• of the indchtedness se_ured M• this Morteaee.
12. Remedies Cumulative. All remedies presided in this Mortgage arc distinct and cumulative to ans~ c+ther riche ar
remedy under this 1Norteage ar aBurded by law .+r eyuitc.:?nd mas• he exercised conc??rnnth•. indepcndcntlx or successivclx•.
13. Successors and Assigns Bound: Joint and Seseral Liabilih•: Captions. the covenants and agreements herein
containe.l shall hind. and the right. hereunder shall inure tu. the respective successors and assigns of Lcndcr and Borrower.
subject to the provisions of paragraph 17 hereof. :111 covrn:mts and aeuementc ,if Borrower shall t+r joint :end several.
The captions and headings of the paraeraphs of this Murtcage air for cum•cnicnre unh• and arc not to Ix used to
interpret or define the provisions hereof.
la. \otice. Except for any notice required under applicable lain to he given in another manner. fa) any notice to
Burmuer provided far in this `lortgage shall ix: given by mailing such notice hs certified mail addressed ru Bormwcr at
the Prupertx' Address ur at such other address as Borrower mar desien:ue hx~ notice to !.ender as prus•ided herein. and
th) am• notice to !.ender shall he given by certified mail. rcuim receipt requested. to I ender's address stated herein or to
such other address as Lender mag designate hg notice to Be•rn+uer as pru+ide.l herein. :1m• notice provided for in this
~lorteage shall he deemed t+• hax•e hec'n given to Borrower or Lender when gisen in the manner design:+trd herein.
15. 1.`niform lfortRate: Gos•erning f.aw: Sexerabilitr. This farm of morteaee combines uniform rnvenants far national
use and non-uni(urm cotenants with limite.l sariatiuns h_x jurisdicti.+n to c++nstitnte a uniform security instrument rnvering
real properly. This \k~rtgage shall be governed by the taw of the irrrisdictirn in uhich the Pmpert}' is located. in the
even[ that :u?x• provision ur clause of this ~lortgaee ~+r the \.+te cr+nflicts with applicable tau. ouch rnntlict shall nit affect
other pn++isiuns of this \lortgage ur the ~TUte uhich can he ei+en rlTcct +ti!huut !hc conflicting provision. and to this
end the pnsisions of the Murteaee and the \ote are Jeclarrd to F+e severable.
16: Borrower's Cop}. Borruuer shall I+e furnished c.a+formcd aq+g of the tiote and of this \iorteage at the time
of execution or after recordation hereof.
17. Transfer c?f the Property: Acxumption. if al! rr am p.?rt of the Property ur an interest therein is sold or transferred
M• Horruwer with.+ut Lender's prior written consent. excludinL t;?? the creation of a lien or encumbrance subordinate to
this Mortgage. thl the coition of a purch;ne monet securitt intrust fur househuW appliances. Icl a transfer M• devise.
descent ur M• operation of tau upon the death of a i++mt tenant ..r t.1r the Grant of ant Iraschoid interest of three years or lets
nut containing an option t.+ purchase. Lcndcr rn:r}. at 1 ender'. ++ption. declare all the sums secured by this Mortgage to he
immrdiatels• due and pagahle. Lender shall hair ++aited w~h .+ption to accelerate if. prior to the sale or transfer. Lcndcr
an.l the person to +sfiom the Prupertg is t+• t?e sold or tr.rncferud reach agreement in writing that the credit of such person
is saticfact~+ry to i_endrr and that the interest patahle rn the sums secured hs' this Mortgage shalt be at such rate as Lender
sh;dl request. If i ender has waited the opti.+rt to :?ccelrrrtr provided in this p:uarr.?ph 17. and if Borrower's successor in
interest has executed a urilren assumption acreentent accepted in writing he I ender. Lcndcr shall release Borrower from all
.+hligations under this MorteaLr and the Note. s
if Lender exercises such option to ar4eler.rte. I ender sha(I roil( Borrower notice of accrteratiun in acrnrdance with
paragraph 14 hcuof. Such notice shall provide a period ++f n.+r Iecs th:ut In Jas•s (ram the daft the notice is mailed within
which Borr.+uer may pa}' the sums declared due. If Born+++er fails to p:n such sums prior to the expiration of such period.
Lender may. without further notice or demand on Burro+scr. imuke :?m remedies permitted by paragraph 1R hereof.
Nox-ti1i1FOR+t COYFNA?:TS. Harrower and I ender further rncenant and agree as follows:
18. Acceleration: Remedies. Except ac provided in paragraph 17 hereof, upon Borrower's breach of any covenant or
agreement of Borrower in this Mortgage, including the covenants to pay when due any sums secured by this Mortgage. [.ender
prior to acceleration shall mail notice to Borrower ac provided in paragraph 14 hereof specifying: (1) the breach; (2) the action i
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
acceleration of the sums secured by this Mortgage, fonclosure by judicial proceeding and sale of the Property. The 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 foreclosun. If the breach is not cured on
or before the date specified in the notice. lender at Lender's option ma}• declan all of the sums secured by this Mortgage to be
immediatel}• due and payable without further demand and mar foreclose this !klorlgage_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. '.Votwithctanding Lender's acceleration of the sums secured h}' thrs Mortgage.
Borrower shall have the right to have an} proceedings t+ceun M Lcndcr to enh+rce Ibis Mortgage discontinued at any time
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