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Lender's written agreement or applicable law. Borrower shag pay the amount of all wort=age iawranoe pttuniuaa iw the
manner provided under paragraph 2 hereof.
Any amatnts disbursed by Lender pursuant to thh paragraph 7. with interest thereon, shall become additional
indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agreO ~ •tattrts of payment, such
amounts shall be payable upon notice frrxn Lender to Borrower requesting payment thereof, aed shill beat interdt from the
date of disbursement at the me payable from time to time on outstanding principal under the Note unless past of
interest at such rate would be contrary to applicable law, in which event such amounts shall bear interest at the highest rate
permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur aay expettae or rate
any action hereunder.
!L Iwspectisw. Lender 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 reasonable cause therefor related to L.eader's
interest in the Property.
9. Cowdetausatba. The proceeds of any award or claim for damages, direct of eonsegtrewtial, in connection with am
condemnation or dher taking of the Property, or part thertof, or for conveyance in lieu of condemnation. are hereby assigned
and shall be paid to [.ender.
In the event of a total taking of the Properly, the proceeds shall be applied to the soma secured by This Mortgage.
with the excess, if any, paid to Borrower. in the event of a partial taking of the Property. unless Borrower and Leader
otherwise agree in writing. there shall be applied to the sums secured by this Mortgage such proportion of the prooeedt
as is equal to that proportion which the amount of the sums secured by this Mortgage immediately prior to the date of
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 offers to mate
an award or xttle a claim for damages, Borrower fails to respond to Lender within 30 days after the date wch notice p
mailed. Lender is authorized to collect and apply the proceeds. at Lender's option, either to restoration or repair of the
Property or to the sums secured by this Mortgage.
Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not etrtertd
or postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of
such installments.
lt. Sonower Not Released. Extension of the time for payment or modifkation of amortization of the wms secured
by this Mortgage granted by i_ender to any successor in interest of Borrower shall not operate to release, in any manner,
the liability of the original Borrower and Burrowers successors in interest. Lender shall not be required to eommt:noe
proceedings agairat such successor or refuse to extend time for payment or otherwix modify amortization of the sums
xcured by this Mortgage by reason of any demand made by the original Borrower and Borrower's successors in interest.
11. Forbearawce ts)r Lewder Nof a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder. or
otherwise afforded by applicable law. shall nut be a waiver of or preclude the exercise of any such right or tetrredy.
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 xcurrd by this Mortgage.
- 12. Rewtedles Ctarttdati~e. All remedies provided in this Mortgage arc datinct and cumulative to any other right or
remedy under this Mortgage or afforded by law or equity, and may be exercised cortcurrrntty, indepettdentty or successively.
' 13. Swccesaors awd AssiRws isowrtd: Joiwt aad Sevetd i.isbiiify; Cs,Miows. 71re covenants and agrcemertts herein
contained shall bind, and the rights htreunder shall inure to. the respective successors and assigns of Lender sod 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 are rat to lie used to
interpret or define the provisans hereof.
11. Notice, Except for any notice rcgrtired under applicable law to be given in another manner, (a) any notice to
Borrower provided for in thin Mortga¢e 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 i_ondet as provided herein, and
(b) any notice to Lender shall be•givcn by certified mail. return receipt requested, to Larder's address stated herein or ~to
such other address 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 desi(nated herein.
1S. Udforw Mortgage: Goveniwg Law: Severa6flity. This form of mortgage combines uniform covenants for national
use and non-uniform covenants with limiter! variations by jurisdiction to constitute a uniform security instrument covering
j 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 ur the Note rnnflicts with applicable law, such conflict shalt not other
i other provisions of this Mortgage or the Nute which can be given eBect without the oonfliding provision. and to this
end the provisions of the Mortgage and the Note are rkclared to be severable.
lt. ion~ower's Copy. Borrower shall be furnished a conformed cop)' of the Note and of this Mortgage at the time
~ of execution or after recordation hereof.
17. ,Trawsfrr of ere Pro'erfy: Asswtwptiow. if all or any part of the Property or an interest therein is sold or transferred
` by Borrower without Lender's prior written consent. excluding (al the creation of a lien or encumbrance wbordinate to
this Mortgage. (b) the crcatton of a purchase money security interest for household appliances, (c) a transfer tw devise.
~ descent 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 option to purchase, Lender may, at Lender s option, declare all tltq ~tms secured by this Mortgage to be
immediately due and payable. Lender shall have waived etch option to atxekrate if, error 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
t is satisfactory co Lender and that the intenxt payable on the sums secured by this Mortgage shall be at arch rate as Lender
shall request. if Lender has waived the option to accelerate provided in this paragraph 17. and if Borrowers successor in
interest has executed a written aswmption agreement atxepted in writing by lender. Lender shall release Borrower from ail
oblations under this Mortgage and the Note.
1 If Lender exercises such option to accelerate, Lender shall mail Borrower notice of acceleration in accordance 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 wms declared due. if Borrower fails to pay such wms prior to the expiration of wch period,
Lender may, without further notice or demand on Borrower. invoke any remedies permitted by paragraph 18 hereof.
Non-i.INiFOItM CovENANTS. Borrower and Lender further covenant and agree as follows:
li. Aceeleratloaq Reasedia. E>ceelt str MovNed i. pwngrapr 17 rt';tst, rrltrw twrrrwers isaaer d sry ea~ewaru tx
c apeeaest of 1Nmwer t• tYs MettgrRc. iwclntYwL Ire cwt'srwMs to M+y wren dwe ary wwa stewrwi try flits Mortgage. iewttetr
Mier to acatiksatiow sra~ wail wotk+e t. Borrower w prsvNei r Mastgra*r 11 retest sMeltytag: (1) Ae beeaet,: (=1 the wdiN
ts+aired M ertre wets itewc~ (3) • dale. wet ks trap 3t days (rows ere iaEe ere eatke r swailsd M >tartrtwet. try wtski wcr t
f beeaer wM k ewted; ttwi fiat faflwte M care swclt rrteaer ow wr rdwe ere dale sMeYei r ere tMtice way tesail i•
aee~eleraliaw at fie wws aeewed y fro Mortgage. twstclorwre h l~~ ! wit sale of ere ProMrty. The watiee
situ fwrlrer iw#otw lsorrswer d ere right N rdtsstate after wceekratkw awi ere (iglu a twaeA i• Ire tetseloswt~e Meeeeitg
ere wow-e:itesce of a defatrM or aq firer ddease of liartowet /w accektatiaw awi iwrscloaars. K tle itreser 4 wN etrted M y
i a< tretwt~c ere tale sMeified i. ere rootlet. Lewder at Lewdet's optbw wwlr declare ar w/ fie wws seewrsd ti fYs MatfgtRle w k s
iwwrediwMy dwe wwd pwyaYe wlfrowt ttrrtrer dtwratr6 awtl way twreelaae 1W Mwtfgagt try jiwiftaai Mree~. Lewder a1taN
k ewtlliei b eorect V wet Mr<~eediwg ail expenses d forccbswtt, Iwclwditrg. (Uwf war ¦¦rit~d M. teaswtratMe stturwetra fees.
E anti coals of iwea-ytesttary eridewee, abstracts awd title reM+sls. .
g ~ lf. !>wttrwa's Rkrt N Reiwsgilt. Notwithstanding Lenders acceleration of the sums staged by thtt Mortgage.
Borrower shall have the right to have any proceedings begun by Lender to enforce this Mongage discontinued at any time i
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