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l.ender~t written'agrecment or applicable law. Borrower tihall pay the amount of a1i mortgage inwratrce premiums is the
manner provided under paragraph 2 hereof.
Any amounts disbursed by lender pursuant to this paragraph 7. with interest thereon, shall become sdditional
indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment. such
amounts shall be payable upon notice from (.ender to Borrower requesting payment (hereof, and shalt bear interest from the
date of disbursement at the rate payable from time to time on aitstanding princip:l under the Note unless pa}rnoaat of
interest at such rate would be contrary to applicable law, in which event such amounts shall bear interest at the hishest rata
permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expetae or take
any action hereunder.
fR laspectioa, Lender may make or cause to be made rcasaiabk entries upon and inspections of the Property. provided
that Lender shall give Borrower notice prior to any such inspection specifying reasonable cause tltercfor related to Larder's
interest in the Property.
9. Cowdeswafiow, The proceeds of any awaM or claim for damages, direct or consequential, in connection with nay
condemnation or other taking of the Property, or part thereof, a fpr eonvesyiance in lieu of condemnation. are hereby assigned
and shall be paid to Lender.
In the event of a total taking of the Property, the proceeds shall be applied to ttie sums secured 6y this Mortgage.
with the excess, if any, paid to Borrower. in the event of a partial taking of the Property, unless $orrower and Lender {
otherwise egret in writing. there shall tx applied to the sums secured by this Mortgage such proportion of the procaedt i
as is equal to that proportion which the amaint of the sums secured by- t~iis Mortgage immediatety prior to the data of f
taking bears to the fair market value of the Property immediately prior to the date of Taking, with the balance of the proceeds
paid to Borrower.
if the Property is abandoned by Borrower. or if. after notice by lender to Borrower that the condemnor oRen to imaka
an award or settle a claim for damages, Borrower fails to respond to lender within 30 days after the date such tatiot: is
mailed, (.ender is authorized to collect and apply the proceeds, at Lender's option, either to restoration or t+epair of the
Property or to the sums secured by this Mortgage.
Unless Lender and Borrower otherwise agree in writing, any such application of procesds to principal shall not extend
or postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of
such installments.
1A. liiorrower Not Reieatxd. Extension of the time for payment or modification of amortization of the ssrrrrs secured
by this Mortgage granted by Lender to any successor in interest of Borrower shall not operate to rcksse, in any manner,
the liability of the original Borrower and Borrower's successor in interest. Lender shall not be required to comrttertoe i
proceedings against such successor or refute to extend time for payment or otherwise modify amortization of the sums
secured by this Mortgage by reason of arty demand made by the original Borrower and Borrower's successors in interest. R
11. Forbearawce by Lender Not s Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or
otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy.
The procurement of insurance or the payment of taxes or other liens or charges by Lender shall not be a waiver of Lender's
right to accelerate the maturity of the indebtedness secured by this Mortgage.
12. Rew~edics C>,arrhtti.e. All remedies provided in this Mortgage are distinct and cumulative to any other right or _
remedy under this Mortgage or afforded by law or equity, and may be exercised concurrently, independently or suctxssivety.
13. Srsceessors asd AssiRts Eourid; Joint and Seerr+l 1.Lbi>itr; Captbws. The covenants and agreements herein
contained shall bind, and the rights hereunder shall incrg to, the respective successors and assigns of Lender and Borrower, ~
subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be joiry and several.
The captions' and headings of the paragraphs of this Mortgage arc for convenience only and art not to lk used to
interpret or define the provisions hereof.
14. Notke. Except for any notice required under applicable law to be given in another runner, (a) any notice to
Borrower provided for in this Mortgage shall be given by mailing such notice by certifkd mail addressed to Borrower at
the Property Address or at such other address as Borrower may designate by notice to Tender as provided herein, and
(b) any notice to Lender shall Ix -given by certified mail. return receipt requested. to Lender's address stated heron or to
• such other address as Lender may designate by notice to Borrower as provided herein. Any~notioe provided for in this
Mortgage shall be deemed to have been given to Borrower or Lender when given in the manner designated heron.
1S. Uaitors Mortgage; Covernirgt Law; SeverabBity. This form of mortgage combines uniform covenants for national
use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering
real property. This Mortgage shall be governed by the law of the jurisdiction in which the Property is located. In the
event that any provision or clause of this Mortgage or the Note conflicts with applicable law, such conflict shah not affect
other provisions of this Mortgage or the Note which can be given eBect without the conflicting provision, and to this
end the provisions of the Mortgage and the Note are declared to be severable.
1f. Borrowers Co*y. Borrower shall be furnished a conformed copy of the Note and of this Mortgage at the time
of execution or after recordation hereof. - ,
17..Trasfer of the Property; Assrrraptioa. if all or any part of the Property or an interest therein is fold or transferred
by Borrower without Lsnder's prior writinn consent. excluding (a) the creation of a lien or encumbrance -wbordina~e 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 or (dl the grant of any kasehdd intereu of three yeah or 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 vraived such option to accelerate if. prior to the sale or transfer, Lender
and the person to whom the Property is ti. be cold or transferred reuh agreement in writing that the credit of such person
is satisfactory to Lender and that the interest payable on the sums secured by this Mortgage shall be at such rate as Lender -
shall request. Tf Lender has waived the option to accelerate provided in this paragraph 17, and if Borrowers successor in
interest hss executed a written suumption agreement accepted in writing by Lender. Lender shall release Borrower from all
obliZations under this Mortgage and the Note.
it Lender exercises such option to accelerate, Lender shall mail Borrower notice of accekntion in sccordanc~ with
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 may pay the sums declared due. Tf Borrower fails to pay arch sums prior to the expiration of such period,
Lender may. without further notice or demand on Borrower. invoke any remedies permitted by paragraph 1R hereof.
Nox-Utvtt~ort>tit CoveNarns. BorTOwer and Lender further covenant and agree ss follows:
ii. Aeedeentio~ Rearelko. Excep sa *rovWed iw pars~ryt 17 tiered. tspw Borrowers ttreach d awy ceve~wt K
agrees>Kwt d Mnower V thin Mortgage, trrdtsdiag etc eovtaaab to py when t1~e tray sass stcta+tl by flits Mortgage. dewier
prior to aceekrstlow shat sail notice to iotrower a<'rovWtl I+r pragra't 14 hereof speeYylagr (1) rte breach; rte setfM
r~ksti 1o eme areli betael~ (3) a ante, rat less flaw 30 days iron the late the collet Y swaYei b Borrower. try whkh arct
breach tsswrt k t:ttt~ aai (4) that taNtrro a care arch breach on or before the late specltti iw the rrolke auy eesdt V
aeeekeatioa d rte sMS stcarti by this Mortgage. forceiosrrre b7' jnikW ~roeeeiiag awl salt of rte Peo'tery. Teo arotke
shah trrrtter irdors borrower d the right to rrrtratate otter seeekrMiow and rte rigiN b aotKrt i• rte toreclewr2 peoceeitrg ~
Iht nort~esMewce d a >tfadt or auy other leftase of Borrower b accekratbw aril torttlowrre. lit the breach Y rat cores M
or bdore the tall spciiei is the aotke. Lender at I.eaiier's opbrr ssy dtelarrt sA o[ the wwo seetaei by ills MatpRe to ire
tanastliriely toe ant pyabk wiftoN (lather demand and racy toreetae tbir Mertgago br ~trikW pr~oest~. Ltadtr +taM
be artlgod b toilftet b awet poceediag V t:peases et forecbsar+e. t~chriVg. btrt sat tWterl to. teararrtdllt trnurrrer's fees.
awl cab d dvea~.+waNary eriieaee, abstracts aal tick repro.
if. Berrower's ~t b Reiaatatt. Notwithstandinft Lenders acceleration of the sums secured by thn Mortgage,
Borrower shall have the right to have any proceedings begun +iy Lender to enforce this Mortgage discontinued at any time
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