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• ~ t-). r ~ ~ V C i~
• Leaders written agreatratt a applicable law. Boerower shag pay the arrauat d sN mortgage io:twaaoe peeasiuars ip the
meaner provided under paragraph 2 her+eot.
My amoutNS disbursed by lender putstrtnt to this paragrsph 7, with iobrest thereat, shall became additional
4[f Qc+rta+~r sect~d by this M~,Ze. lltd~ tlarsav:~ ~ Lsasd~ agree b tssltes tetass of p=ya~tt,
amounts shall be payabb upon. ttaice rrotn tender to Borrower iequesturg paynreirt tlrereot, and shall bear interest Hoar the
date of dbbursearprt. u the raft payable from time b time on oubtanding principal under the Note tsaless pslyrntaat d
interep at such nb would be cotrtnry to spplicabk law. in which event such atnourrb shall bear itrlee+est at the higbeat raAe
permisp'bk under spplicabk law. Nothing eontsined in this paragraph 7 :hll rogues Lender. b irkur say expeetee ar 4ka
any action hetttn4der.
t. • Lender may make or cause to be msde ressonabk rntries upon and inspoctioas of the Property. pro~rided
that Lender shall give Borrower ndice prior to any such itryrection specifying rtasoaable cave therefor related b Iaerder's
inteitst in tire. Property.
!i. CMieMalisrr• The proceeds of any award or claim for damages, defter a ooraegrterrtial. in eoarrectioa widr asy
coadannation or dher taking of the Property, or putt Hrettof, or for conveyance in liettofoo~d~t~rstton, art heteb~ assigned
and shall be paid to Linder. ~ _ ~ ~ : t . t , ;
in the event of a td~l taking of the Property, the proceeds shall be applied to the sums secured by this Mortgage. -
with the excess, if any, paid to Borrower. in the event of a partial taking of the Property. unless Borrower aid lender
otherwise agree in writing, there shall be applied to the sums secured by this Mortgsai such proportion of the p+ooeede
as b egwl b that proportion which the amount of the sums secured by this Mortgage immediately prior b the dab d
taking bears to the fair market value of the Property immediately prior to the date of taking, with the bataaoe d the ptooeedt
paid to Borrower.
if the Property is abandoned by Borrower, or if. after ndioe by Lender to Borrower that the ootrdetmror oA~ets b ttsaloa
an award or settle a claim for damages, Borrower. fails to respond to Lender within 30 days aher'the date such rrotioe b
mailed, Lender b authorised to eolfect and apply the proceeds, at Leader's option, either b t+estoratiotr or [epair d tM
Property or to the sums secured by this Mortgage.
Unless Linder and Borrower otherwise agree in writing, any such application of proceeds to principal seas tat ercbad
or postpone the due date of the monthly installmrnta referred to in paragraphs 1 and 2 het+eof or chat~e the aatotrat d
such iratallttteats.
Ifl. Barnwetr Net Releases. Extension of the time for paytnrnt or modification of amortization d the sums secured
by fhb Mortgage granted by Lender to any strcccessor in interest of Borrower shall tat openUe to release. in any manner.
the liability of the original Borrower and Borrower's successors in interest. Lender shall not be required b eomrirerroe -
PrfP against such wooessor or refuse to extend time for payment or dherwise modify amortisation eel the sums
secured by this Moitgage by reason of any demand made by the oritinal Borrower and Borrowers sttceessors in imerat. -
11. Ferbearanee b iarrier Nit a ~Nairer. Any farl+eannce by Lender in exercising any right or remedy herae,der, a
otherwise afforded by applicable law, shsll nil be a waiver of or preclude the exercise of any such right or rpnesy,
The procuienxnt of iasuranoe or the payment of taxes or other Hera or charges by Lettda shag tat be a waiver of Leader's
right to accelerate the maturity d the indtbtcdness securtd by this Mortgage.
12. lltet~eoliq Cntarallvt. Afl remedies provided in this Mortgage are distinct and cumulative to say other right or _
rturedy under this Mortgage a aftordcd by law a equity. and may be e:eicised eonarrrattly. utdependantly a wc~ivdy.
13. Ssweeasass erne AsstQrs Berm .ialrrl awe Several i.iabilyt Captlsar. The oovenanb aid apeeareats herein
contained shall bind. and the rights hereunder shall inure to. the.napective stteassots and assigns of iarder sad Barowir.
subject to the provisions of paragraph 17 hereof. All covenants and agieertrents of Borrower shall be joint( and several.
The captiota' and lresdirrgs of the paragraphs of this Mortgage arc for convenience only and are tat to Ile used b
interpret or define the provisiaa hereof.
14. Wotlct. 13xoept for any notice reyuircd under applicable law to be given in another maturer. (a) airy scribe to
Borrower pt+ovidid for in this Mortga~te shall be givrn by mailing such notice by certified mark addressed to Borrower at
the Property Address or at such dher address as Borrower may designate by notice to Tender as provided herein. and
(b) any notice to i.ettder shag be given by certified mail. rctum receipt requested. to i.enders address. stated bettor or b
such dher addrtss as Lender may designate by rratioe to Borrower as provided herein. Any notice provided for in fhb
Mortgage shall be desrrred tq have been given to Borrower or Lender vrlteo given in the nraaoer designabd herds.
lS. Unitas McNtfprlpe: Goverrriap Laws SeersMNty. This form of mortgage carbines uniform covaraitb tar national
use and tan-uniform covenants with limited variations by jurisdiction to oatrstitute a unitotnr security itrstrunteM eoveriag
rsal property. This Mortgage shall be governed by the law of the jurisdiction in which the Property is located. la the
event that any provision oa clause of this Mortgage nr the Nde conflicts with applicable law. such conflict shill not afkd
` other provaiaa of this Mortgage or the Nnte which can be given effect without the conflicting provision. and to this
end the provisions of the Mortgsge and the Nde arc declared to be severable.
~ ii. iionvweri a:vey. norivwcr snail be rutnjshtu o c.~iiv:n ~ of trir: Z.~c w ~w.g.~c ...•.r -
of execution or after recordation bettor. -
17..Tsaaster aft fire )nro*ary: AsanrrNtiow. if all or any part of the Property or an interest therein b sold a transferred
by Borrower without Lender's prior written consent. excluding (a) the creation of a lien or encumbrance subordinate to
this Mortgage. (b) the citation of a purchase money security interest for household appliances, (c) a transfer try devise,
descent or by operation of law upon the death of a joint tenant or (d) the grant of any leasehold interest of throe yews or less
not eoMaining an option to purchase, Lender may, at Lrnder's option. declare all the sums secured by this Mortgage to be
immediately due and payable. tender shall have waived such option to aooderab it• prior b the sale or transfer. mender
and the person to whom the Property is to be sold or transferred ttach agreenxnt in writing that the credit of such person
is satidactory to Fender and that the interest payable on the sums sxurtd by. fhb Mortgage shall be at wch rate as Lender
~ shalt regaest. if tetrder has waived the opt'an to saekratt provided in this paragraph 17, sad if Borrower's srtceessor in
intsr+est bas e:ecutcd a written ssstuttption ap~eemart at~oepttd in wrking by L,ender. mender shag release Borrower from all
r oblj~atiora under fhb Mortgage and the Note.
if mender exorcises such option to acakrate. Lender shall mail Borrower notice o[ acceleration in aooordatrcc with
paraRaph 14 hereof. Such ndioe shall provide a period d tat less than 30 days from the dab the notice b maned within
which Borrower may pay the sums dxbrod due. Tf Borrower faih to pay such suns prior to the eapintion or such period.
Lender gray, without further uotioe or demand on Borrower. invoke any remedies permitted by paragraph 1g hereof.
Not~r-lJtttt~otu~t Co~vanaxrs. Borrovrer and Leirder further ooveaant std agree as folbws:
It. Aeeslaatisq Rssesles. )&eept r pnvMsd a• Nragrapit 17 Irenst. tt~ Mre+asrarts res~ti d s7' eas*enaat K -
rBnenraat d Berert~rpr r iris 1Mee~agt, iaeladMrg die ayvaaats N M~' wrest stns asy stress setarsi ti IYs Marlgage. lwsrser
f prior M aoa.Nsar.. it r..B..lkt N 1Mnw.~er as pervliss r p.ragra~ t4 frsnat spaettyi.p f!) era tts..e1K t4?1rte.w..
eagaiiN 1a earns wdr ttsaeri (3) s sates fret let drtr ~ sqs Qrattr ire sate ire stMke r asafiss.ft• Merfwa. b wrier srrdr
inter Mat k eiers$ sss (q fret rai¦ee N errs seer rrsaer a s+r bdaste Irt srMe s/seMsi r tit rrsltee wh? nwM r
socaieeaBaa d die wttr aeeassi b this Mertgsge, fiar~seianrre b }sieW Nocasir~ aa/ sa4 d ire Mperly. 'ilia rrsdee
t ii Qre~er rtQies Bmswrsi d ire sfgUt 1a ni¦slale arNr ataleratlN sari die rlgM la arrest t• die faeeelsettett psatasid
ire.a.~e:telwoe d s setatrlt sir wP Nrer sde.se d Mrr«.er N aecekeadsn aril rseels..se. r die Urger r trst etrrM..
K rdMt Ifs sale spaefisi r drs rrMiee. merrier d Lefasee~s s+rtisn ra4 sselset >r ss die wtr Mttw~ss ti di 1lfisefpBe fie 4
V¦reslrllb? stns ani /adaNs wNMttf Qretrer derrrawd atrr rrray tartelaas di iNas~,ye ry }ieisl /erteMiR. mewda sri
M e¦tldsi N mast r wen pereadirtg si s:pawen wt rettl.wrt. laeiaiirtg. Utrt test trtsllss r. eewsraYe slturrreyU Tess. _ -
a¦s i.rls.[ irerttnwtary edsenes, aMfesete errs title nNete. .
ilarwwa's 1Rislrl M RsfstMatle. Ndwithstsnding Lettda"s aooderation of the auras secttrod by thrr Mortgage.
Borrower shalt have the right to have any proceedings begun by Ltirder to rnfor« this Mortgage discontinued at say 6me
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