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Lender's written agr+eemrnt a applicabb law. Borrower shall pay the amaint of all trrortRaae insurance ptemiutm is the j
manner provided under paragraph 2 heroot. '
Any amounts disbursed by [.ender pursuant to this panjraph 7, with interest thereon, shall become additional
indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment. such I
amounts shall be payable upon nonce tram tender to Borrower requesting payment thereof, and shall bear interest fraa the i
date of disburaetrrettt at the rate payable from time to time on artstanding principal under tree Note unless p?~earnt of i'
interest at such rate would be contrary to applicable law, in which event such amounts shah bear interest at the highest rate
permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expeasa or take
any action hereunder.
s. lttwgecfiow. Lender may make or cause to be made reasonable entries upon and inspoctiotrs of the Property. provided
that Lender shall give Borrower notice pricer to any arch inspection specifying reasonable cause therefor rckted b Larder's
interest in the Property.
9. Cowietwatiow, The proceeds of any award or claim for damages. direct or eotmquential, in rnrrnoction with say
condemnation or other taking o[ the Property, or part thereof, a for conveyance in lieu of condemnation arc hereby assi~gtred t
and shall be paid to Lender. -
in the event of a total taking of the Property. the proceeds shall be applied to the sutras secured by this Mortgage. tt
with the excess, if any, paid to Borrower. In the event of a partial taking of the Property, unless Borrower and Larder
otherwise agree in writing, there shall be applied to the sums secured by this Mortgage such proportion of the pteoeedt
ss is equal to that proportion which the amatnt of the sums secured by this Mortgage immediately prior to the date o[
taking bears to the fair market value of the Property immediately prior to the date o[ taking, with the balance of the proceeds
paid to Borrawver.
If the Property is abandoned by Borrower, or if. after notice by Lender to Borrower that the condemnor offers b tmake
an award or settle a claim for damages. Borrower fails to respond to lender within 30 days aher ~tlre date such notice k
mailed, Lender is authorized to collect and apply the proceeds, at Lender's option, either to restoration or repair of the
.Properly or to the sums secured by this Mortgage.
Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall trot extend
or postpone the due date of the monthly installments referred to in paragraphs 1 and 2 het+eof or change the amount o[
such installrrrents.
lfl. Borrower Not Released. Extrnsion of the time for payment or modilkation of amortization of the soars secured
by this Mortgage granted by Lender to any successor in interest of Borrower shall not operate to release, in any manna,
the liability of the original Borrower and Borrowers strccessors in interat. Lender s'rall not be required to cotnmerrce
proceedings against such wtxessor a 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 successors in interest.
11. Foriearawoe iy levier Not a Waivstr. Any fotfieannce by Lender in exercising any right or remedy heramder, or
otherwise afforded by applipbk law. shat! not be a waiver of or preclude the exercise of any such right or remedy.
The procurement of insurantx or the payment of taxes or other liens or charges by Lender shall not be a waiver of header's
right to sccekrate the maturity of the indebtedness secured 6y this Mortgage.
12. ltereiies C>ttwwlatlre. All remedies provided in this Mortgage are distinct and cumulative to any other right a
remedy under this Mortgage or aRordcd by law or equity, and may be exercised concurrently, independently a succ~nively.
13. Swaeatas aid Aatfigns Botrad:.Ioiwt awl Several i.iabilffy; CalMiennt. ~ The covenants and agroeaterrts herein
contained shall bind; and the rights hercuntler shall inure to, the.raptxtive successors and assigns of Lender and Borrower.
subject to the provisions of paragraph 17 hereof. Ail covenants and agreements of Borrower shall be jary and several.
The captions' and headings of the paragnphc of this Mortgage rue for convenience only and are not to lk used to
interpret a define the provisions hereof.
14. Notice. Except for any nrotice required under applicable law to be given in another manner, {a) any notice to
Borrower p~ovidcd for in this Mortgage shall be given by mailing such notice by certified mail addressed to Borrower at
the Property Address or at such aher address as Borrower may designate by notice to i~nder as provided herein, and -
(b) any notice to Lender shag be given by certified mail, return receipt requested. to [.coda's addrgs stated herein or to
such other address as Lender may designate by notice to Borrower as prorideu herein. Any notice provided for in this
Mortgage :hail be deemed to have been given to Borrower or Lender when given in the manner designated herein.
1S. Usitorw INorgpB,e: t.;orerdnrR TLaw: Sevcrability. This form of mortgage combing uniform covenants for national
use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrumrnt covering
• real property. This Mortgage shall be governed by the law of the jurisdiction in which the Property is located. Ice the
Burnt that any provision or clause of this Mortgage or the Note rnnflicts with applicable law, such conflict shall not atfect
other provisions of this Mortgage or the Note which can be given ettat without the conflicting provision. and to this
end the provisions of the Mortgage and the Note arc declared to bt severable.
lfi. Borrower's Cody. Borrower shalt be furnished a conformed copy of the Note and of this Mortgage at the time
of execution ~ after recordation hereof.
I7..7^rawtter of flee )rro'erty: Asawpiow. if all or any part of the Property or an interat therein is sold or transferred
by Borrower without Lender's prior written consent. excluding (al the creation of a lien a encumbnnee subordinate to
this Mortgage. (b) the creation of a I+trrchace money security interest for hotnehold appliances, (c) a transfer by devise,
descent or by operation of law upon the death of a joint tenant or (d) the gent of any leasehold interat of three yeah a less
not containing an option to purchase, Lender may, at Lender's option, declare all the sums secured by this Mortgage to be
immediately due and payable. Lender shall have waived such option to aoceierate if. prior to the sale a transfer. Lender
and the person to whom the Property is to be cold a transferred reach agreement in writing that the credit at such person
is :atisfsctory to Lender and that the inter-ct payable on the sums secured by this Mortgage shall be at arch rate >_c Lender
shall regtrgt, t[ Lender has waived the option to actxkrate provided in this paragraph 17, and if Borrower's successor in
interat has executed a written assumption agreemrnt accepted in writing by Leader. Lends shall release Borrower from all
obl~atiorrs under this Mortgage and the Note.
If Lender exercises such option to aecekrate, Lender shall mail Borrower notice of acceleration in secordance with
paragraph 14 hereof. Stirch notice shall provide a period of not lea than 30 days from the date the notice is mailed within
which Borrower may pay the sums declared due: if Borrower fails to pay such sums prior to the expiation of wch period.
[.ender may. without further notice or demand on Borrower. invoke any renredig permitted by panjraph Ig hereof.
NoN-Ut+tratt.t CoveHwxrs. Borrower and Leader ftrrtha oovtnant and agree as follo~ars:
11i. Aceelentlo¦l R~ Exeeft as provYei i• ~ra/~M 17 frerso% ttMw iorrrwedi Meaett eft ratty coreartt K
aBreeaeat of li~rn~wer H tfti Morfsage, iwebriMt~ tee eorewarNs to tM7 wttaew iwe atr~r swra seewei Itj fti Marljaje. l.enier
priot? N sceslessdM sha/ waY wtrtfax to >{orrwwer as provMed M ~n*i is UereoP s~ylttF {1) tee liaieaei: (21 tie wetMw
tttgiei w esre tae! ~teaei: (3) • rte, root tat liaw 3• days trove tie isle the netloc fez ataYei N >tattrwer. t1y wtski tasoi
>kae6 ~ rte es*t~ alai (q that failtne t• ctrtt stsci ttrewei art or tndaare the date s'aiAed i• the notice roan eesrM it
aecderia» of fie s... aeetrre! by flit MorigaRe. fasrcloatrre ~ jtriicW .¦tt sale .t tie )rro~edy. 71re ..floe
siraM lirrfier Dorm •orrower a< tee riRM to ~e ttttet weeeleratio. awl the ri jlrt to erred iw tie rsrecianoe prwC+eaitj
the wowtxMewee d a leftnlt or awy aria tleftewse of sorrewer to accekraflow awl toreelowre. M the 1lreaclr r art eared eve i
or 6etasY tic date s~elietl f• fie notice. Lewder at I.ewder's optlow ray leelare ail M the :tenet seetarsi iy 11th M~djatpe M tee
i¦rnedtateiy ewe and praMe ..iliotrt ttrrttter dewrand and Wray tereckae"that Motf~a je iy jrikW Nrtadwt• I.ende? daY
ie eMltlatl N eaBeet it tasei *rreseiiw j err expenses at torecloswre. inelwiia j. iwt nN rrnitei M. reatawaiie attwrrey'a frees.
err pNs at iacrc•nedary erilewee, abstrscls aasi title nprtt.
1!. >Iarrowp'a Rijn b Reinttaft. NotwitMtanding Lenders acceleration of the scans soettred by this Mortjaje,
Borrower shall have the right to have any proceedings begun by Lender to enforce this Mortgage discontinued at any time
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