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Lender's written agteeasertt a applicable lew. Bturow~er shall pay the amount of aU mortgage iastuaaoe premiums iu the
marutar provided under paragraph 2 hereof.
Any amounts disbursed b Lender s ~ ~
y pursuant to chit paragraph 7. ~riNt ~iate4ist#thereon. shad become sdditional
indebtedness of Borrower strand by this Mortgage. Unless Borrower and Lender agree to other terms of payment. such
amounts shill be payable upon notice from Lender to Borrower requesting payment thereof, and shall bear interest from the
date of disbursement. at the rate payable frets tune to time on outstanding principal wider the Note .unless pa~nest of
interest at such rate would be contrary to applicable law. in which anent such amounts shall bear interest at the highest tale
permissible wider applicable law. Nothing contained in this paragraph 7 shag require Lender to incur any expeass a take
any action hereunder. _
ft. ias~eetlss. Let?dsr tray make or cause to be made rcssonabk entries upon and insped'ans of the "roptrty. provided
that Lender shall give Borrower notice prior to any. such inspection specifying reasonable cave therefor related b Lpder"s
interest in the Property.
Cam. The proceeds of any award or claim for damages. direct or cortsequerNial. in oortaecdos with say
catdemnatan or other taking of the Property, a part thereof, a for conveyance in lieu of condemnation, are hereby assigned
and shall be paid to Lender.
_ ~Tn the event of a total taking of the Proptrrty,.the proceeds shall be applied to the sums secured by this Mortpga.
with the excess, if any, paid to Borrower. In the evrnt of a partial raking of the Property. tmless Borrower- and Larder
otherwise sgree in writing. there shall be applied to the sums secctted by~ this Mortgage such proportion of the proceeds
as is egwl to that proportion wfiich the amount of the sums secured by this Mortgage inartediatdy prior to the dais o[
.taking bears to the fair market value of the Property imme6iately prior to the date of taking, with the balance of the pooeeds
paid to Borrower. -
if the Properly is abandoned by Borrower. or if. after notice by Lender to Borrower that the condemnor olfa+s to make
an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days afar the date such wtiee is
retailed, Lender is authorised to collect and apply the proceeds, at Leader's optan. either to restoration a repair of tee
!'roperty or to the sums secured by this Montage - -
Unless Lender and Borrower othewise agree in writing, any such application of proceeds to principal chap not extend
a postpone the due date of the monthly installments referred to in paragraFhs 1 and 2 hereof or change fire aatotrM of
such installments.
'l1. >sarrswer Not Relasei. Extension of the time for payment or mod'dkation of atrtortiation of the sttmt seKw~ed
by this Mortgage granted by Lender to any successor in interest of Borrower shall not operate to rekate. m any manner.
the liability of the original Borrower and Borrowers successor in interest. Lender shall not be required to canmena
prooeedittp sgainst such-strtxessor or rehtse to-extend time for payment a otherwise modify aatoctrration of the sums
secured by this Mortgage by teases of any demand made by the original BonoMrer and Borrower's weoessois in interest.
11. Forftearance b Aiat s Waiver. Any forbearance by Lender in exercising any right or remedy herastder. or
otherwise afforded by applicable law. shall nest be a waiver of ~or prechrde the exere~se of any such right-or remedy.
The procurement of insuntt6e or the paymrnt of taxes or other !lens or charges by Lender shall not be a waiver of Leader's ~
right tct accelerate the maturity of the indebtedness secured by this- Mortgage.
l2. Resseiies -All rpnodies provided in this Mortgage arc distinct and cumulative to any other right or
nunedy under this Mortgage or afforded by law a equity. and may be exercised oortcttrrently, independently or atooes:ivety. -
' 13. 9se;ceswrs std Asdps'ottwi; .Toirtt wi Seve*at i.iabilfty; Capfbrrs. The oovenartts and agr~eeaaents Benin
contained shall bind, and the rights hereunder shall inuug to. the respective successors and assigns of Lender arid Borrower.
subjext to the provisions of paragraph 17 hereof. _All covenants and agreemenu of Borrower- shall be joinq and several.
The options' and headings of the paragraphs of this Mortgage an for conveniertee only and are not to lk used to -
interpret or define the provisions hereof.
14. Netice. Except for any novice .required under applicable law to be given in another manner. (a) any notice to
Borrower provided for in this Mortgage shall bes given by mailing such nodes by certitkd roar addressed to Borrower at
the Property Address or u such other address u Borrower may designate by notice to Lender as provided herein. and {
_ (b) any notice to Lender shall he given by certified mail. return receipt requested. to Lender's addras. stated herein a to - ~
such other address as Lender may designate by notice to Borrower u provided herein. Any aotioe provided for in this
Mortgage shall be deemed to have been given to Borrower or Lender whey given in the manner designated betels.
iS. Uniform Mortgage: Goversiag Law: Sevenbflity. This form of mortpga cantina uniform covenants for national
use and non-uniform covenants with limit~t variations by jurisdiction to comtituta a uniform securitp instrument eo~vering ti
. This Mort shall be versed the law of the jurisdiction in which the Property is located. Tn the
na1 property gaga go by
event that any pm-~aion or clause of this Mortgage or the Note conflicts with applicable law. such conflict shelf not aBeex
other provisions of-this Mortgage or the Nate which can be given eQect without the conflicting provision. and to this
end the provisions of the 1ortgage and the Note arc declared to be severable. "
` lf. •ors+swer'a (',oar, Borrower shall be furnished a confoneted.copy of the Note aced of this Mortgage at the bate
of execution or after recordation hereof. - - ~
17..Trastfer evf t>te >hopaAp; Aiwttrtpiow. Tf all or any part of the Pro,eerty? or an interest therein is s•~ld or transferred i
by Brower without Lender's prior written consent. excluding (al tree creation of a lien a ateiembranex subordinate to
-this Mortgage, (b) the creation of a purchase money security interest for household appliances, (c) a transfer by devise,
descent or by operation of law upon the death of a joint tenant ar (d) the grantof any leaselald iMeteut of three years or less
not eoMaining an option to purchsse. Lender may, at Lender's option. declare all the sums secured by this Mortpge to be
imnndiateiy due and payable. Lender shall have waived such option to accelerate if. prior to the sale or transfer. Lender
and the person to +a-larrt the Property is to be cold or transferred reach agreentptt in writing that the credit of such person
is satisfactory to Lender and that the interest payable on the wets secured by this Mortgage shall be at such rate as Lender
shall request. Tf Lender has waived the option to accelerate provided in the paragraph 17, and if Borrower's successor in
interest has executed a written assumption agreement accepted in writing by Leader. Lsrtder shall rekate Borrower from all i
obl~atiores under ibis Mortgage and the Note.
if Lender exorcists such option to accelerate, Lender shall mail Borrower nekioE of acceleration in sccorelartc~ with
parapaplt 14 hereof. Such notice shall provide a period of tat less than 30 days from the data the rtotir
: is mailed within j
which Borrower may pay the scrota declared due. if Borrower fails to pay such sums prior to the expiration of carat period. j
Lender may. witlatrt fuuther notice or demand on Borrow:r, invoke any remedies permitted by paragraph lg hereof.
Note-Unr~onnr CaVeNerrrs. Borrarrer and Lender further covenant and ague as foBaws:
1=. ~ Rtaei~. 13ste}t r preriiei i• Nragrapk 17 rttssst. tress Ifartrtwsrs •esrcr. err r7' neressrtt K
apeetaent et >sanwrer V Ntis Msrtprge, iaeltritrg Nee eeverarb N ~ wren dirt stegr rttsns sscrsrei Uy !leis Marlgagt. lesser
prMr M aceeeleratlss tfis>t snail apace to Desrtuwer s prowtert is p.rasaN 11 toe+eesfr speelfYYgs (1) rie ieeseltr (21 rite neNss .
ssgtiai M erne tadr lrreacla s wet lea Aare 3f efrsys boar tfse dale Nee satke is srsisi M •str~swer. !y wirier ssdt
liee:ser ...t rs area; a.d M test fasi.re M erne saelr ~reaer o..r rsesa ire laic speeYN t• ire .once .ay resrit r
aealerrMisn of tie tts~s seeasi fti Ntis MatpBe. teaeMtetrsee b l~+r tK ass role eat tree Tretlesty. 71e caries
~ faetlser (eafiss lsrrswsr et ire rfR,let N reiaslalt aHeer a:::~rsiles ass ire rigrl a accost is tie terr<eMnre proesetirg
ire sots-e:Yleaee ~ a ietaait or r>n alter iefeirse at >iwrawer to seceletratiso anti trmefostne.~ !r Ae M~cacr i act ar+stl M
or iretene are datte speeifisi r tltt sstlee. Cosier at I.etnter's erplios stay elseltre r ed tre..r.s sacwsi b lei. M.rtAee e. ire
ittnseifatety care,nit payaYe wilro.l frrtlKr icwaree asel a>tay tereeMse Afs Maelgsp b l~ rs+~+we• Lewder a#i s
ftie estWai t. eeaMet be swot prweeeii~g i eryeewara 4f lsaecloswe, Iwelwssg. ft~wt sat ilvMsi Mr rssasrrsitie seturwr~ fees. t
ssi ensNs eat isewsarhrl? er~iiesee, sbstsels anti tills re/ar1s.
1!. 1Mss~wp's 1t~M M Reirtsle. NotwnhstandinE Lender's acoderation of the scans secured by tht: Mortgage.
Borrower sjesll have the rigid to have any proceedings heEten by Lender to atforoe this Moripge discontinued u any time
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