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Lender`s written agreett~.:_s a applicable kw. Borrower shall pay the amount of aH tmortgage iosuranoa pr+emiuass m the
inat?ner prevailed under paragraph 2 hereof.
Any amounts disbursed by Lendet pursuant to this paragraph 7, with iatered thereon, shall become additional
indebtedness of Borrower secured by this Mortgsge. Unless Borower and Lptder agree to other feces of payment. such
. amounts shall be payable upon notice from Lender Io Borrower itt~~r~ent Cheroot. and shall bear interdt from the
date of disbursartatt. at the ate payable from time to time or a~an~ng pnncip~ai under the Note unless payeieat of
interest at such ate would be contary to applicable law, in which event such amounts shall bear interest at the: highest tale
permipibk under spplicabk law. Noth?.tg contained in this paragraph ?shall require Lender to loser any expense otr tale
any action itereu,tdtx. -
>L hspeetMo, Lender may make or setae to be made reasoitabk entries upon and inspections of the Property. provided
that Cettder shall give Borrower notice prior to any such inspection specifying reasomabk cause therefor related b LatBer"a
interest in the Property. - ~ -
Cam. The proceeds of any award or claim for damsges, direN or consegttemtial. iw oomrtectiow wilt say
condemnation or other taking of the Property, or part dter~of, or for cottveyana in lieu of oondpnnatiat. are hereby sssigtred
and shall be paid to Lender.
in the event of a total tal:ng of the Property. the proceeds cltall be applied to the stars ~ccured by this Mortgage,
with the excess, if say, paid to Borrower. in the event of a-partial taking of the Property. unless Borrower and Lander
otherwrise agree in writing. there :hail be spplicd to the sums secured the Mortgage such proportion of the pc~ooeetis
as is equal to that proportion v?isich the amount of the sues secured by this Mortgage immediately prior to the data of
taking bears to the fair marktt value of the Piopcrty immediately prior to the date of taking, with the balance of fate piooeeds
paid to Borrower. - - -
if the Property is abandoned by Bor.~ower, or if. after notice by Lender to Borrower that the oortdemttor offer N male
an award or settle a claim for damages. Borrower fails to respond to i_ender within 30 days after the date such notice is
marled, LettJer is authorised to collect and apply the proceeds, at Lender's option, either to restoration a tspair a[ the -
Proptrtytor to the sums secured by this Mortgage.
ilrtless Lender and Borrower otherwise agree in writing, any such application of proceeds fo principal shsB not eafatd
or postpone the due date of the monthly installments referred to in paragaphs 1 snd 2 hereof or change the amount o[ -
- such installments. - -
ifl. >sorr~swer Not Releaaei. Extension of the time for payment or modiRcation of antortaation of the sets secured
by this Mortgage granted by Lender to any successor in interest of Borrower shall not operate to release. in any manner,
the liability of the original Borrower and Bc+rrawer
s successors in interest. Lender shall not be r+egtrir~ed to oommena
prooeedirtgs sgairtst such succesor or refuse to extend time for payment or otherwise modify arrtortization of the sums
secured by this Mortgage by reason of any demand made by the oritinal .Borrower and Borrower's sttccessocs in interest.
li. Ferkarawee fq Lewtfier Not :Waiver.- Any forbeaance by Lender in exercising any right or remedy ltereatder, or
otherwise afforded by appliabk law. shall not be a waiver of or prechtde the exercise of any such right or rrtnedy.
The procurement of insurance or the payment of taxes or other liens or charges by Lander shall not be a waiver of lender's -
right to accekate the maturity of the indebtedness secured by this Mortgage. -
12. Rewtiies Cewrttf~aAvtt. All remedies provided in this Mortgsge are distinct and cumulative to any other right or
remedy under this Mortgage or aRorded by law or equity, and may be exercised concurrently, independently or wooessiv~r.
13. Sweeesaacs awl AstiRws Bowl: Jolt ani Seved i.ia6itlfy; Ca*Aews. The oawenants and agreements herein
contained shall bind, and the rights hereunder shall intir~ to. the.respective woceeson sad assigms of Lender sad Borrower-
subject to the provisions of parsgaph 17 hereof: All covenants and agreecrtertts of Borrower shall be joint _and several.
The captions' and headings of the paragraph_
c of this Mortgage arc for convenience. only and are not to be uxd to
interpret a define the provisions hereof.
14. Nofke. Excepf for any notice required under applicable law to be given in another manner. {a) any notice b
Borrower provided for in this Mortgagt shall be given by mailing such notice by certilled mail addressed to Borrower at
the Property Address or at such other address as Borrower map .designate by naioe to i.ertder as provided herein, and
(b) any notice to Lender shall be given by certified mail. return receipt requested. to Lenders address. stated heceat or to
such other address as Lender may designate by notice to Borrower as provided herein. Ary motioe provided for in this
Mortgage shall be deemed to have been given to Borrower or Lender when given im the manner designsted herein.
- iS. UwYect• Margtage: GoveraNg Law; Severa6iKty. This form of mortgage combines uniform covenants for nattowal
tree and non-uniform covenants with limited variations by-lttrisdiction to constitute a uniform security iratrtnttent covering
real property. This Mortgage shag be governed by the law of the jurisdiction in which -the Property is located. tin the
affect
event that any provision or clause of this Mortgage or the Note rnnflicts with applicable law. :,teat conAtet shall not
other provisiwts of this Mortgage or the Note which can be given effect without the cMtAictirtg provision. and to this
end the provisions of the Mortgage and the Note arc declared to be severable.
ld. Ilocrowar's Cody. Borrower shall be furnished a conformed 4^Py of the Note soil of this Mortgage at the time
of execution or after recordation hereof: _ -
17..Tsawster of tie Thoperty: Aswraw'tion. if all or any part of the Property or an intetett therein is sold or transferred
i by Borrower without Lender's prior written consent. excluding (al the creation of a lien a ertettmbance subordinate to
this Mortgage. (b) the trration of a purchase tnortey security interest for household appliarioes, (c) a transfer by devise.
dtsoatt 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 opi:om to punchsse, Lender may, at Lender
s option, declsre all the scams secured by. this Mortgage to be
immediately due and payable. Lender shall have vraived arch option to aocekrate if, prior to the sale a transfer. Lender
and the person to whom the Property K to be cold or transferred reach agreement in writing that the credit of such person
is satisfsexory to Lender and that the interest payable on the sums secured by this Mortgage shall be at such rate as Lender
shaft regtteat. if Lender has waived the option to acakrate prawided in this paragraph 17. and if Hotrontrer's sttceessor in
interest has executed a written aaturtption agreeirient accepted in writing by Lender. Le:tda shill release Borrower ft-at all
oM~ations tinder this Mortgage sad the Note. -
If Gander exert~ses such option to sccekrate. Lender shall mail Borrowtr rtatiee of acceleration in aooortatteti with
paagraph 14 hereof. Srrdt notice shall provide s period of not less thsn 30 days from the date the notice is mailed within
which Borrower may pay the stints declared due. if Borrower tails to pay cash cams prior to the expiration of such period.
Leiider may. without further notice or demand on BorroMre~ invoke :my remodies permitted by paragrsph 18 htroof.
~ Nor+-Utrtt~otew Cavenat~t'rs. Bon~awcr slid Lender further tovenamt and agree as follows: -
lflr AeedeatlrN Rewrite. B>wep as'rsvldee! iw- lmagraplt 17 iaresf. ~M BaesNres's ieteei d eery a~rewacN w -
agrteaseat of >Mwrw~ i• tliis Marigage. tiidsiwg the cseses+awb N M when efiee astir scar stewsti b Ais Mtrigsee. iawier
prole. N weeelssaAtw sttai wail ~oUce w >lorr~we<-as proide+ m paragt~a/M it ttestaf s~tetfirlap p) tie irtwei: (2) Mie adiew
se*irei N enrt ssit3 iseweiq (3) s efisle, wet less thaw 30 daps iron the ist)t Ibt wefiee r wtaiei N ~etseswer. ii' whftti :roil
isewch w fie ewti; awl (n list tafLre N efts steel fireeei ew ar ftdase tee irte spaeffai ia? fM wofiee wq cesitlt iw
weedesafiew at Ate cams stearti b this MartEage. tereAewre b jielfelai procatiwg awl asie ~ qte Tcr~erfy. 7tit wetkt -
sfli terrier iwtarw ¦ertrawer eoff qie rigif N rtiwsfafe abet aeceieswAw awl tee cigM fs assert i• fie ficaelaetwt prseeaaittg
fie sow~txislewoe ect a iehwlt K awy setter ddense of Mrrewer M asceskraNew awl tarseioetase. lit tit iseas{. 4 cast aw+ei M
car fidare Are iN apedis/ fi fie welkti. Lewder d ieritiec's Mtitw w4 deeYre ai et lie awns saeweti ij Ais MerfBrAs N it
i~seeflatelp iwc aisi pwpaMt wiliest ftartlier tRinaice awl iitatp ficteiaas A~fs >r!' jiomrfie t• L:oder dtai
fie ewfi/eti N eaieet r rod ! ai expnsa of fortclassca, iwefwii. ilsM stM IiwMatl fe. rtwwaMe sttnrtiey~t Fees.
alai tads at efieet.~ eviiewee. aiatrerls awl dAe eeprb.
1! - lMsrvwa'a RyMt N Reiashtt- Notwithstanding Lender's aooderation . of the stews scarred by the Mortgage.
Borrower shag lave the right to bare any proceedings begun by Lender to enforce this Mortgage discontinued at any time
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s~324 P~E~~O~:
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