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Lender's written agreement or applicabb law. Borrower shall 1~ i
manner provided under paragraph 2 hereof, Pay ~ arrears of ~ mO~~ insurance is the
Any amounts disbursed by Lender pursuant Io this paragraph 7. with interest thereon, shag becorree sdditiona! !
indebtedness of Borrower secured by this Mortgage. Unless Borrower and Legdel ggr~ee to other terms of payment. such
amounts shall be payable upon notice from Lender to Borrower rsquest)rtg payment thereof, and shall bear interest from the
date of disbursement at the rate payable from time to time on a,tstanding principal under the Note unless payrtreot of
interest at such rate would be contrary to applicable law, in which event such amounts shall bear interat at the highest rate
permissible under applicable law. Nothing contained in the paragraph 7 shall require Lender to incur soy expetae a ttoke
any action hereunder.
fl. iHSy,rctioH. 1_ender may make or cause to be made reasonable entries upon and inspections of the Property. provided
that Lender shall give Borrower notice prior to any such inspection specifying rcasoxubk cause therefor rd:red to Lender's
interest in the Property.
CoHdemwtion. The proceeds of any award or claim for damages, direct or consequential, in eonnectioa with any
condemnation or other taking of the Property, or part thereof, or for conveyance in lieu oN condemnation, are hereby sssigaed
and shall be paid to Lender.
in the event of a total taking of the Property, the proceeds shall be applied to the sums secured by the Mortgage,
with the excess, if any, paid to Borrower. in the event of a partial taking of the Property. unless Borrower and Lender
otherwise agree in writing. there shall be applied to the sums secured by this Mortgage such proportion of the pr~oceedt
as is equal to that proportion v?•hich the amount of the same secured by this Mortgage immediately prior to the dab of
taking bears to the fair market value of the Property immediately prior to the date of taking, with the balance of the prooeafs
paid to Borrower.
if the Property is abandoned by Borrower. or if. after notice by Lender to Borrower that the condemnor oRers to strafes
an award or settle a claim for damages. Borrower tails to respond to Lender within 30 days aher'the date such notice is
maitsd, lender is authorized to o:ollect and apply the proceeds. at I.etder's option, either to restoration ar repair o[ tbt3
Property or to the sums secured by this Mortgage.
Unless Lender and Borrower otherwise ague in writing, any such application of proceeds to principal shall not exbnd
or postpone the due data of the monthly installments referred to in paragraphs 1 and 2 hereof or change fire amount of
such installments.
10. >sorrowtr Not Released. Extension of the time for payment or modification of amortization of the stmAS 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 &?rrower
s successors in interest. Lender shall not be required to commence
proceedings against such successor or 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 origin:l Borrower and Borrowtr's successors in interest.
11. Forbearance by i.endes• Not a Waiver. Any forbearance by Lender in exercising any right or remedy hetettnder, 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 indkbtedness secured 6y this Mortgage.
IL Rearedies CHwahti.e. All remedies provided in this Mortgage an distinct and cumulative to any other right or
remedy under this Mortgage or afforded by law or equity, and may be exercised o:oncurrently, independently or earocessively.
' 13. Snecesors sad AsdgHS )sonnd:.Tohi and Sererai i.iabiilfy; CapfloHS, The Mvenareb and agreements herein
contained shall bind, and the rights hereunder shall inure to. the respective successors and assigns of Lender and Borrower,
subject to the provisions of paragraph 1~ hereof. All covenants and agreements of Borrower shall be jary and several.
The captions-and headings of the .paragraphs of this Mortgage arc for convenience only and are not to tk used to
interpret or define the provisions hereof.
14. Noetke. Except for any notice required under applicable law to be given in another manner, (a) any notice to
Borrower provided for in this Mortgage shall be given by mailing such notice by certified mail addr•ased to Borrower at
the Property Address or at such..other address as Borrower may designate by notice to iender a: provided herein, and
(b) any noticge to Lender shall he given by certified mail. return receipt roquesttd. to Lender's addrsss stand herein or to
such other 3ddrcss as lender may designate by notice to Borrower as provided herein. Any notice provided for in this
Mortgage shall be deemed to have been given to Borrower or Lender when given in the manner designated herein. _
IS. Ueiforsa Mortgage: GorcrHiag Law; SercnbNity. This form of mortgage combine 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 rnnflicts with applicable law, such conflict shall not affect
other provisions of this Mortgage or the Note which can be given effect without the conflicting provision, and to this
end the psowisiora of the Mortgage and the Note arc declared to be severable.
ld. sornower's Copy. Borrower shall be furnished a conformed copy of the Note and of this Mortgage at the time
of execution or after recordation hereof.
17..Trsnder of tie Property; Assumption. if a!1 or any part of the Property or an interest therein is sold or transferred
by Borrower without Lender's prior written consent. excluding (a) the creation of a lien or encumbrance subordinate to
this Mortgage, (b) the creation of a purchase mc?ney security interest for household 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 interest of three yeah or less
not containing an option to purchase, Lender may, at Lender s option. declare all the sums secured by this Mtxtgsge to be
immediately due and payable. Lender shall have waived such option to accelerate if, prior to the sale or transfer, Lender
and the person to whom the Property is to be cold or transferred reach agreement in writing that the credit of such person
is satisfactory to Lender and that fhe interact payable on the sums secured by this Mortgage shall be at such rate ac Lender
shall request. if Lender has waived the opion to accelerate provided in this paragraph 17, and if Borrowers successor in
interest has executed a written aaumption agreement accepted in writing by Lender. Lender shall release Borrower from all
obligations under this Mortgage and the Nae.
if Lender exercises such option to accelerate, Lender shall mail Borrower notice of accekntion in accordance: vrith
para=raph 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 six sums declared due. if Borrower fails to pay such arms prior to the capitation of wch period,
[.ender may, without further notice or demand on Borrower. invoke any remedies permitted by paragraph lg hereof.
Note-Ur+tt=ortur Covet+snrrs. Borrower and Lender further covenant and ague astfdlows:
lfi. AceNenrtioH; ReHredia. Except s proriied i• Mngn*i 17 Irereo~t, •!a flornwda Ma,ci at terry eaveanrt K
agreeweHl of ianowrr d tfris Mortgage. tHelH~etg tic eoretaswts to M7 win dal sHy tiwHS aearsi y this Mer~age. LrHtkr
prior M aeederatioH der asail worsts to Borrower trt'rarldcd t• Mntgrapi 14 ierrrf grtlfpla~ (1) do breaei; (2) fir Htliaw
regained m ewre steel Mead; (3) a dale, Hot less slaw 3B days frow tie date tie Hatke is ¦rarei M Nrrwwrr. by wiles arcs
Mates ~orrt be etrre~ aHd (4) slat taibre a steer tttrei Mead a or be[orr tic date apoeirei L tie aotke ~ resait V -
HaderalieH r[ tie ttttnHO aecwred iy stir MsKaL'r• fin h law M'~ft aHi sale .t tie heperly. Tie welit:s
tsar fwrtitr inters >lorrower d tie riRM to trlaWalc after acc~ekratiorr awl tie right a atrserl M tie toralttome Mr,~oeittg
tie How•exWeHee d • defawk or aHy asset deteHSC of >torrower w ttrccekraliaw and torrelow~c. R the Maeci fs not ewrei M
ar before lie daft: geelied i• tie Holier. Ltwier N [.ewder's o*tirw reap dechrt nr at fis anHro oeewned i7' rile Merle M k
inHrcdia/ely doe aHi:ryaMe..ftiorrt twrtier dea,and sad farrlae rite Mortgage by fH++cW'rrereiHR. tender drat
6r eHdtltd N setter V srrdr prrectrdiHg ar expeasa at forrcbswre. iHClwiiHg. bwt Hat rrHNod Nr rraaaHablre attorreey'o fra.
teHd coots M dver."oerrtary erideHCr, a6ttracts aHd title RMd+•
1!. llorsowa'o RIgN tH ReiHrtatr. Notwithstanding Lender's aooekntion d the :tiers secured by th,: Mortgage,
Borrower :hall have the right to have any proceedings begun by Lender to enforce this Mortgage discontinued at any erne
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