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Lender's writtrn agreement or applicabb law. Borrower ahaU pay the amount of cep nartgaga iawranoe preasitteas is tYea +
" manner provided under paragraph 2 hereof.
Any atrtottnts disbursed by Lender pursuant to this paagraphr 7 Sri ~a retest thereon, shag bec~otrta additional
indetitcdness of borrower secured by This Mortgsge. Unless Borrdwer au~d t~ertder agree to other terror of payment. such
amounts shad be payable upon notice from Lender to Borrower requesting payment thereof, and shall bear interest frotp the
date of disbursement at the ate payable tram time to time on outstanding principal order the Note unless paymartt o[
interest at such rate wand be contrary to applicable law, in which event such amounts shall bear interest at ilta highest rate
perminibk under spplicahle law. Nothing contained in this paragraph T shall require Lender to incur any expems or take
any action hereunder.
>L lrapettiar, Lender may make ar cause-to be made reasonable entries upon and inspections of the Property.
that Lender shall the Borrower notice -
R prior to any such inspection specifying reasorwbk cause therefor t~elated b Letder's ;
interest in the Properly.
Cawdewwtiort. The proceeds of any award or claim for damages, direct a ootwequeatial, in coenecdoa with say '
condemnation or ether taking of the Property, or part thereof, ar far conveyance in lieu of condemnation. are hereby aa:igrted
and shall be paid to Lender. -
ln the event of a total taking of the Property, the proceeds shall be applied to flee sums secured by this Mortgage. ~
v?ith the excess, it any, paid to Borrower, in the event of a partial taking of the Proptrty, unless Borrower and liandec i
otherwise agree in writing. there shall be applied to the sums secured by this Mortgage such proportion of the ptooeeds j
as is egwl to that proportion which the amount of the sums secured by this Mortgage unrrtediately prior to the data of 1
taking bean to the fair market value of the Property immediately prior to the date of raking, with the balance o[ the protxetis
- paid to Borrower.
if the Property is ahandoned by Borrower. or if. after notice by Lender to Borrovt~er that the condemnor ofkrs b males j
an award or settle a claim far damages, Borrower tails to rrcpwtd to Lender within 30 days after ~itte date such rtotioe is -
mailed, Lender is authorised to collect and apply tM proceeds, at Vender's option,- either b restoration or repair ai the
Property or to~the sums secured by this Mortgage.
.Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall eat extaad
or postpone the due date of the monthly installments referred to in paragaphs 1 and 2 hereof- or change tha arrern:rtt of
such installments.
- lt. iierrower 1Vot Releaaci. Extension of the time for paymrnt or rrodi:9cation'of amortization of the sums secured
- by this Mortgage granted by Lender to any successor in interest of Borrower shall not operate to release, in any manner,
the lability of the original Bomorver and Btrrower
s successors in interest. Ltnder shall not be required b commence
prooeec'ings against such successor or refuse to extend time for payment or otherwise modify amortization of the sums '
. +e_uned by this Mortgage by reason of any demand made by the original Borrower and Borrosrer"s xrccessors in interest. !
t t. Forlearawcs by ti.ewicr Nat a Wainer. Any forhearance by Lender in exercising any right or remedy hereunder. of
otherwise afforded by applicable law, shall not be a waiver of~ or preclude Zhe exercise of any such tight a teretedY.
. The procurement of insurance or the payment. of fazes or other Bans or charges by Lender shall not be a waiver of Lender's
right to accelerate the maturity of the indebtedness secured by this Mortgage.
12. Rewdics Ctrtws+lallt~ All r+errttclics provided in this 1ltorigage arc distinct and cumulative to any other right or
remedy under this Mortgage or afforded t:, law or equity, and may be exercised cortcurre•ttly, indepadentty or sttooasively. .
13. Srcceaaws cent Asdpes lsorutr: ,Joiwt s+etl Several i.iabilW~r, Captiatos, The covenanh and agreeanertts herein
eontairted shall bind,"and the rights hereunder shall inurt; to, tlie.respective strc~ssors and assigns of Lender spd Borrowe*." -
wbject to-the provisions of paragraph 17 hereof. All covenants and.agrtxments of Borrower shall be joitK and several.
The captions' and headings of the paragrapkc of this Mortgage arc for convenience only and a^a not to !k used to
interprN or define tht provisions hereof. '
14. Notke. Except for any notice required under applicable law to be given in another manner, (a) any notice to
Borrower provided for in this Mortgage shag be-given by mailing such notice by certified mat! addressed to Borrower at
the Property. Address or at such other address as Borrower may designate by rtdice to i.ender as provided .herein, and
(b) any notice to Lender shall Ise given by certified mail. return ret:tipt requested. to l.endet's address stated herein or to
such of i
~r address as Lender may designate by notice to Borrower ss provided herein. Any notice provided for in this
,Mortgage shall be deemed to have been given to Borrower or Lender when giv~t:rt in the manner-desisrtated herein.
1S. Uwitorrw MoAtpgc; Goreneirrg Lora; Se~ersbility. This form of mortgage combines uniform covenants for national
use and non-uniform covenants with limited variations by jurisdiction to corntitute a uniform atcurity itntruntent covering
real property. This Mortgage shall be governed by the law of the jurisdiction in which the Property a located. In ttx
- event that any provision or clause of this Mortgage pr the Note conflicts with applicable law, such conflict shall not affect
other provisions of this Mortgage or the Note which can be given e0cet w+ttwut the oonAicting provision. and. to this -
end the provisions of the Mortgage and the Note are declared to be severable.
lf. tiorrewer's Cory: Borrower shall be furnished a conformed copy of the Note and of this Mortgage at the time
of execution or after recordation hereof.
17..Teaader d tee hoperty: Asrtewtptiow. 1f all or any part of the Property or an interest therein is sold or transferred
by Borrower without Lender's prior written consent. excluding fa) tTte creation .of a lirn or ertcumbance subordinate to
this Mortgage. (b) the creation of a purchase money security interat for )totneltdd appliances, (c) s tansfer 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 years or less
not containing an option to purchase. Lender may. at Lender's option. declare all the sums secured by this Mortgage to 6e
immediately due and payable. Lender shall have waivtd such option to accelerate i?, prior to the sale or transfer. Lender
and the person to whom the Property is to be cold or transferred reach agreement in writing that the credit of such person i
is utisfactory to Lender and that the inten~st payable on the sums secured by this Mortgage shall be at arch cafe as Lender .
shall request. if Lender has wa'r•.ed the option to accelerate provided in. this paragaph 17, and if Borrower's successor in
interest has executed a written assumption agreement accepted in writing by Lender. Lender shall rdesse Borrower from all
obl;'ptiats under this Mortgage and the Nae. E
if Calder exercises such option to accelerate, Lender shill mail Borrower notice of accekraCton in aeoordartct: with ~
paragraph 14 hereof. Such notice snail provide a period of not ltxs than 30 days from the date the notice is mailed within
which Borrower may pay the sums d~lared due. Tf Borrower lath to pay such sums pric+r w the tzpintion of wch period, ~
Larder tet:y, without further native or demand on Borrower, invoke any remedies permitted by paragraph 18 hermf.
Nor+-Utngortut COVEHl1P1TS. Borrower and Lender further covenant arr:% ajTee as follows:
Ii. IkceeterrttiaK Reansdirs. tlsce+t as pc+orNed hr pessBrapM 17 rental, trpew lereswds lesser d •y cmrwt rr {
agreeaeert d larrowss r this Mer~age, iaclaiiag Ile covesaats b M7' wlter time sq aoraa secrrcti k aria Marfgagc. iasrer
!K~ M seederatlaw tdtai trtl! narks b ioerowes s provNer r parsgrapl 14 rend s~ec![ylwge (1) Ae le+eser; (2l tee settee
rsgtrireti a etw~s steer i[eae~ (3) • rate, ..t lace Iiaw 3s dari troy tie lair: be ratke is avarice t. •arewfsr, b arter sect
lrasci areal k csrs~ awl (4) fiat faif+rre to csarr asci rteaele er ar ielers tee rate geeiieJ r tle watiee orrty ea.lt Ire
d tie awe secaeei iy ttti Mortgasc. la~acloaur b i~ peocsdlrts arts sale d tlc Tra*erq. 'ilte watiee
slta/ lsr~ rttarw >tarrswes d tie rlgM b rek~sic seller se~Ykratior art tea rtgM to araeef tw Mee faraetiaawe prsceeiag
tic ror~esislera d s dda.ir.r any atrer def:iae d borrower a.cKkrsfMtr awe rsrrdo.trre. r ore trr~eaei 1, wa care/ are
or irlare tie rata spaei/atl i tls wdfce, ti.eerrer a l.ssier's ttptNr wlr iaeiare ai d tie atwa seearsi b tern 1MarsgJruc a k
irsertialrly ase awl ~syalk ailreret-ltrrtrer reraattr nor wy tareeiae dtis tNarlgsge b }ikiat /reaaigt. Itesda chili
le ewlidai N e~aei iw srrti pe+aa~eeiiag sB apea~sss of toreciodurr. ~el~ i¦f wN BwrMai tar rerartalk sttwttey'Ir lea.
•wi t'aale al inureewtarf erlresee, sisfeacts art tide re'eele.
1!. sarrrwa's tlt~t a ltslartate. Notwirhstandint[ Lender's acoekration of the sums securtid by tht: Marriage, -
Borrower shall have the right to have any proceedings hegun h?' Lender to enforce this Mortgage discontinued at any brae
8~f A~~ PEE ~~S -