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Larder's written agroertrent a applicable iew. Borrower shall pay the arrrour?t d aq moetgage itou+raooe ptemiuna ro the
matrrrer provided under paragraph T heroof. s
Any amounts disbursed by Lender pursuant to this paragraph 7. wijtr interest thereon, shall bti-come additional
indebtedness of Borrower secured by this Mortgage. Unless Borrowcti aqd t~errdi:r agree to other terms of psyroeM, such }
amounts shall be payable upon noticz from Lender to Borrower requesting payment thereof. and shall bear interest ftom the t
date of disbursement. at the rate payable from time to time on outstanding principal under the Note rmkss pajtaatt of ;
interest at such rate w.wid be contrary to applicable law, in which event such amounts snap bear interest at the highest rate
permissible under applicable law. Nothing curtained in this paragraph 7 shall requite Lender to irretrr amy expemse or take
any action hereunder. ~
s. lwpecliow. Lender may make or ca+ae to be made r,essonabk entries upon and inspections of the Property; provided - {
that Leader shall give Borrower notice prior to any such inspection spa:ifying reasonable caust therefor related b I etrda"s
interest in the Property. '
9. Cam, The proceeds of any award a claim for damages, direct a oorrsogteaatial, in connectiotr with any
condemnatia+ or other taking of the Property, or part therrnf, or for cirnveyance in lieu of cardemaatiar. are hereby sssegrred `
and shall be paid to Lender.
In the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Mortgage.
wiih the excess, if any, paid to Borrrnrer. in the event of a partial taking of the Property, unless Borrower and I.etrder ~
otherwise spree in vvritiryt. there shall be applied to the wms secured by this Mortgage such proportion of the pr+ooeedt
as is equal to that proportion which the amount of the sums secured by this Mortgage immediately print to ttre dale d
takiug bears to the [air markN value of the Property immed'+atety prior to the date of taking, w$h the balance d the proceeds
paid to Borrower. ~ 1
If the Property is abandoned by Borrower, or if. after notice by Lender to Borrower that the tenor oBers b ardte
an award or settle a claim for damages. Borrower fails to respond to Lerrdcr within 30 days after -the date wch notice is ~
maibd. Lender is authorised to rnlkct and apply the proceeds, at Lender's option, either fo restoration or rt;pttir d the
Properly or to -the surrrs secured by-this Mortgage. -
Unkss Lender and Borrower otherwise agree in writinte, any such application of proceeds to principal shag not extrr,rd
or postpone the due date of the monthly irrstallntcnts referred to in paragraphs 1 and 2 hereof or change the atrrouat d r
such installments. - i
!t. >sorrower Not Rekaaef. Extension of the time for payment or modification of amortization of the sterns secured
by this Mortgage granted 6y.Lender to any srrc:eessor in interest of Bomoyr+er shall not operate to reka~e, in amy manner,
the liability of the original Borrower and Borrower's successors in interest. Lender shall cot be required to commence
proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the sums .
secured by this Mortgage by reason of any demand made by the original Borrower and Borrower's wccessors in interest.
11. Poriearwree by Leerier Hat a Waivers _ Any forlreararrce by Lender in exercising any right or remedy lrerpntder, of
otherwise aRorded by applicable law. shall not be a waiver of or preclude the exercise of any such right a remedy. ~
The procrrretnent of insurance or the payment of taxes or other liens or charges by Lender shall not be a waiver of Leader's
right to accekratc the maturity of the indeMedrress secured by this Mortgage.
IZ. Rertaerifes All remedies provided in this Mortgage arc distinct and cumulative to any other right or s
remedy under this Mortgage or afforded by law or t~uity, and may be exercised corrcurrartly. independently a sucassivdy.
13. Sreccsssoes alai AsiRas >owrd:.loint arri Severe! i.ia6lfih, Capthrrs.- -The covenants and agrremerrts herds
contaitred shall bind, and the rights hereunder shalt inure to, the.rcspective strooessors and sssigms of Lender sod Borrower. 4
wbject to the provisions of paragraph 17 Ftrcof. All covenants and agreanenu of Borrower shall be ~oird -and several. - F
The captions' and headings of the paragraphs of this Mortgage arc for convenience only and are not to rk toed to
interpret or define the provisions hereof. i
14. Notice. Except for any seller required under applicable l:w to be given in another manner. (a) any notice b
Borrower provided for in this Mortgage shall . be given by mailing such ratite by certified mail addressed to Borrower st
the Property Address or at such other address as Borrower may- designate by notice to Lender as provided herein. and
(b) a~?y notice to Lender shall he given by certified mail, return receipt requested. to Lender's sddress stated herein or to
such other address as Lender may designate by notice to Borrower :s provided herein. Any motioe provided for in this
Mortgage shall be deemed to have been given to Borrowei err Lender when giver in the rmararer designated herein. ~
1S. Ualforw Mortgage: Goversri~ Law; Severabnity. This form of mortgagECOmbina uniform covenants for national -
use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security iratrument covering ;
real property. This Mortgage shaft be governed by the law of the jurisdiction in which the Property is located. In the
event that any prevision or clause of this Mortgage err the Notc conflicts with applicable law. such conflict shall not atlect
othez .provisions of this. Mortgage or the Note which can be given effect without the conflicting provision. and to -this
end the provisi~?ns of the Mortgage and the mote -are declared to be severable.
!f. Isorrower's Cody. Borrower shall be furnished a conformed copy of the Note and d this Mortgage at the time -
of execution or after recordation hereof. - 1
17..Trsrnfer of t>te Tro*erty: Assero'tiow. If all or any part of the Property or am interest therein is sold or trarrsfsrnd
by Borrower without Lender's prior written consent. excluding (a) the creation of a Tien or encumbrance subordinate. to 3
this Mortgage. (b) the oration of a purchase money security interest for hotrselrold appliances, (c) a transfer by devise, ~
descent or by operation of law upon the death of a joint tenant or (d) the grant of any leasehold intere~ of three years o?-less
not containing an option to purchase. Lender may, at Lender
s option. declare all the sums aecured by this Mortgage t~ be (
immediately due and payable. Gender shall have vraived such option w accelerate if. prior to-the sale or transfer.-Lender s
and the person to whom the Property is a+ be sold or transferred mach agrcenrent in writing that the credit of wch person - ~
' is satisfsctory to Lender and that the interest payable-on the sums secured by this Mortgage shalE be at .such rate sc Lender ~
shall request. Tf ierrdcr has waived the option to accelerate provided in this paragraph r7, and if Borrosrer's successor in
interest has executed a written assumption agrcenterrt sccepted in writing by Leader. Lender shall release Borrower from ail
obij`ations under this Mortgage and the Note.
If Lender exercises such option to accelerate, Lander shaD mail -Borrower notice of acceleration in accor+dancti Kith ;
paragraph 14 hereof. Such notice shall provide a period of not less than 30 days from the date the notice is- mailed within '
which Borrower msY WY the wrr>3 declared due. if Borrower fails to pay such stems prior to the expiration of such Period.
Linder rsray, without f•~rther motive or demand on Borrower. invoke any remedies permitted'by paragraph tg hereof. -
NoK•Ut+ttwrtrt Coverrsrrrs. Borr*wer and Lender further covenant gird airte as follows:
li. Aeeekratia~.ReweL. Fu~pt srs prnrMr! i. 17 lresesf, tetesr ierr+wrs~s ir+rarels et sorry caresrt er t
apneerteetrt d >tarrower Y this MarlBage. s tree cs~ereartts to tM7 wrhew itrs a~ steoes seceref y tYo Maetg~a ls~ier
prbr b sxceiastl.. s~.son.etres a •orrower ss tx'nswr+ iw rarwatflr 14 heres~f spedf~s (i) ue •s+et+ei~ the sclio~
re¢ei M ewrc wee Mnaek (3) s sole, rtes hus traaw 3t Les fnw the late the rutke r woiiei N l;aesrtwer, rte vrhlci srreh
Memclr cwt ie earth atei N) that faih:re w ewe such Yasacle M K Irdere the Lk aKerSei Ire tser- rretiee way resrit hs f
satiiaratlse d lee swr aeewti MY tIL Mortgge. taedoswt b jdkial ! ati stie of tlrc >rre*eryr. The estiee
slrt8 twtlret iatarw lerrswer d tlee r1RM b retr+wte after seeekratioo a~i the right N avert M the f~oreelNwe /erteeaflr~
~ ~ Of ae fefa~lt K asey eNrer idtwse d iierro~?e* f0 s~ecehrraliae awl for!eeissww ~ ~reati is ant torsi M
er rtdert tht iMe geeYbi iw qrt aiotict. Lewier st I.errier's splisn wn LtiMt allot Are sort setoeef hY tYo MNlwpe ti Irv
- rttrweifolklT? fire wti psyaMr w~oet father dearaad arri trarf totseioae Als Marlgoge iy }dieW ! header darts
ie ptlliei M e~aiset is we! ! s#i arpesses d ferecksart. leeiteiia;. ctrl oat rwiloi la. seaMwMt attxrrer'a fees.
arstl esrols et ioer~hrp eriLreee, arMtrrrcta aa!i tftrc rt*erb.
1!. Mreowa's Rlgkt t• ReisbK+e. Notwithstandintt I~nder's aceekntiae d the sttrms secured by the Martpige. -
Borrower shall Gave tree right to hrve any proceedings begun by Lender. to enforce this Mangage discontinued at any drue
8324 P,~~054-