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1 +•n,lrr', ++nncn .tgrcrmrnt t+r ,tpplt,.thlc Lo+. li.+nn++rr ,hall {+a~ the :unuunt of all ntnstg.tgc in,ur.ut.c premium, ut the
ntanncr pr++vulr.l under partgr;tph ' hereof
:~n+ ;uncurl, di,hunrd by 1 cotter pur,u.utt to thi+ par.tgrsph 7. a:th uttcr:•,t Iltrrcnn ,hall hccronr additis+n:d
ut;Irh•rdnr„ .•f lira++++rr ,rrurrti by ths, \1ung.tgc t •nlc„ Bt+nr++rr :uul I rmlcr ,zees t++ ,+Ilu•t k•nn, ++f pavmcnt. ,uch
:unrttnt, ,boll Ik• I+a+ahlr a{+.at nt+ti:r Ir•+m 1 ender to Rr?n+~+rr rcyuc,ting pavntrnt there++I.:utd ,h.rll brat inh•rr,t from the
+1•stc ++f di,hur,rmrnt ;tt the C.tir payable In+?n time to lino rn out,tsntiinc prutripal under the \otc note„ payment of
intcrest at ,u.h rate +uudd tx• contrtn tr applicable I•t++. in ++hirh event such anu+unK ,h:Jj heat inter«t_at Ihr highest rate
pcnnissih!r under applicable ta+~. ?~uthing rnntsincd in this paragraph 7 ,hall require 1 ender to incite am• expense or take
:utv action hrrrundcr.
K. Inspcrtion. 1 cn,lcr may m.tkr or cause to I+e m;tdr re;?,onahlc cnlrir, upon ;utti impt:rtions of the Proprrh~. pn.vided
that 1 ender ,hall give Bnrro+vcr notirc prier U+ any such impcchon ,Ixrilving resutrtahlc c:us,c thcrrlrr related ttr 1 endcr's
uttrrest in the Property.
9• ('ondcmnation. The pressed, of :uty :o+ard or claim for dsmaccs. direct ur run,cyucntial. in tvrnncction ++•ith am'
rundcnutatirn nr other taking of the Pnq.crt)•. nr part Ihrrcnf. or for cunveyanre in lice of rtmdemnatiun. arc hcreh~• a"igned
and ,hall hr paid to 1 ender.
In the rycnt of a trial takin>; of Ihr Propcrt~•. the per+rccde ,h:dl he al+plicd to the ,umc ltatttrrd by -(his \tortFaa;c.
with the cv.•c,s, if am•. {.aid a+ Rorr++wcr. In the event of a partial takine n( the Pmprrty, tortes, Rrri-t++YCr anti Lender
rthrn+i,r agar in writing. Ihcrr ,hall he applied to the ,ums cccure.l he this ~lnrtragc ,nrh Irmprrtiun r! the pmcccdc
as is ryu.sl to That pn+prrtinn ++hich the antrum of the sums ,c:urrd by Ihi, \lrrtgaer imntctli:ttrly prier tr the date ttf
taking hear. to Ihr fair market yalur of the Pn+ltcrt) immediately prier to the date of taking. ++ith the hsl:tnre of the prt+rceds
paid to Bnrrrwcr. .
If the Property is ;th:utdonc.l by Borrower. or if. after notirc by I ruder t„ Bnrn++ycr that the c~ndrmnor offers to make
:ut a++ard .+r ,cttt~ a claim for d:una,,c,. Bern+w'er fail, tr rc,p,+nd k+ 1 cndrr ++ithin tt? da+s after the d;ttc sorb notice is
mailed. Lcndcr is :ughoriicd to collect ant) applg the pn+rccds. st 1 cntkr's option. tither to restoration ,+r repair of the
Psol><nt or tr the tuns, secured by Ihi, \lorlgagc.
l'nlrs, I cndrr and Rorro++er Mhen+•isc agree in ++ritist~•. any wrh :ytpliration of prtwrcds to principal ,hall net extend
or Ik+,tprne Ihr due dart of the monthh~ installments refcrrcd to in paragrgrh, I and hereof t+r ch:nr_c the anutant of
,etch m,talhncnh.
10. Born>.wer Not Released. 1=xtcnsion of the time for payment or mt+difirttinn of amortization of the wmc secured
by the, ~lrrteagc grtntcd by I ender to am• wccessr+r in intcrc,t of Rnrro+ver ,hall not operate m release. in an}• m;utncr.
the liability .+f Ihr original Rorruuer and &+rrtnycr s ,ncres,nrs in interest 1 ender shall net F,c reynired d+ commence
ptrrcr.lings ag.unsl ,uch ,ores„or or refu,c a+ cxhn.l tints for payment or othcn+isc modify amortization of Ihr soots
,c:ured by this \trrtgagc h~• rea,nn ;uty dcntand made h+ the nricinal Kt?rn+wcr and Rrrrowcr•s uscressnrs in interest.
11. >rorbearancc by Lender \ot a ~~'aiy'cr. ~m frrl+casanrr by 1 cndrr in cverrisine any ri+_ht .+r remedy hrrennder. or
•+thcrwi,c alTrrdctl by applicable I:tyy..hall net }.c .t w•aivcr tit rr prechsdc the cxcrci,c of any wch right or rcntctic.
The proruremcnt of imuranrc or the payment of taxes nr other liens nr char~~es hs_- Lender ,hat! not he a v giver of I ender'c
right tr accelcrttc the m;tttsrih of the intlehtrdne,s se_nrcd h. thi, \lortgage.
12. Remedies ('omulatice. All rcnudics pn+yidcd m thi, \lortgagr are di,tinrt arnl runuslativc ttr ;soy ether ri_•ht rr
remedy under thss ~1nrt_•agc nr alFnrdrd by ho+ rr cyuity..ntd may he exercise+l rrncurrent{v. intlcpendrnth nr .n. re„i+•rly
1i. Successorrnd :1+siKns Bound: Joint and Seseral I.iabilih: (',priors. l~he covenant, and scrrcrneoh herein
runtainc,i shsll hind. sod Ihr ri,•ht, hrrrundcr shall inure tr. the respcrtivc utrcessor, and as,igm of 1 ender :uu) Borrower.
,object tt. the pr.+vi,ion, of paragraph 17 hereof. :\It-cocrn;utt, and ;n_rccmcnts of Bt+rrn+ccr shall he jrint :uttl seyrral.
~T~itc captions and headntgs of the paragraph, of Ihi, ~Irrtgage are !nr cnnyenirncc onh~ ;mtT are net to t+c rased to
intcrl+ret or define the provrsinm hcrcof.
IJ. \nticc. Fxrcpt for am' notirc reytsircd under applicable Isw to hr given in :umthcr manner. (a? :nty notice to
Bnrrrwer pn++ided Its sn thi, \lrrtgagr shall F+c given by mailin,• sorb nnc~e h+ certified mail addressed to Born+++rr at
the Property Addre„ nr at ,nrh other adder„ a, Brrrr++er may de,ienah• by nrti.e to I cndrr ac pn+vidrd herein. and
Ihr ;uty retire m Isndcr ,hall t.e given by ccrtitirtl mail. return rerr:l-t rryue,tcd. to 1 cndrr', addre,s st;Ued herein or to
,uch ,+Iher ;uidres as I.endrr may designate h+ retire to BorrrL+er a, pn+cideJ herein. any notice provided fur in this
\1rrt,•age ,hall ire deemed to have been given to Bormwcr nr I rrder ~+hrn ziycn in the manner tlesignatcd herein.
15. I•nifurm ~iortgagc: Governing (.aw: Seyrrahilih. 1 hi. Iran rf mrrt~•a~_c ~nmhines uniform rovcnant, for national
'i use anti ern-unifrnn rryrnastt, y+ith limih.l yaristinri, ht jnri,di.ti,+n t+• irn,titntr a uniform security instnsment covering
real pn+pert~. lhi, \lnrtg;tge sh.tll Etc goycnted he the Lo+ of the inri,Jirti.at iu which the Property i, h+catrd. In the
f event that ;my pn+visirn nr clause of Ihi•. \tortga_•r rr the \rtc rnnfli:h ~+ith :ytplir:shie Isw. sttrh rontlict ,hail not afTcct
~ ether prry:,irn, of this ~lnrtgage nr the \rtr whr~h ;an hr gi~rn rtTe~t ,+i•hont the cnntlirting prryi,ion. sod to this
E end Ihr prr+isinrn of the \lortgagc and tits \rtc an• ~iccLsred tr hr ,rvcrahlc.
16. Borrowers ('op}. BOrrM+er ,hall hr funt:,heJ r++n l++nned rrpv r! the \ntc and of thi, ~tort~•age at the time
.+f rxerntiun ttr alter rr;urdation hcrcnf.
17. Transfer of the Pmpert~: Assumption- If all rr sn+ {+.:rt of the Prrpcrtc nr an intcrest therein i, ,ctrl or trancferretl
he Borrnv+rr with+att Lender', prier writtca consent. rv.tu.iine gar the cre:rtirn of alien or encumhr;utcc whordinate to
the, ~lrrtg;tgc. th? the creation of a purrha.e nn+ney ,ccurin intcrest frr hrusehuld attpliancc,. (c? a tr:utsfer M• devise.
descent rr by operation of law upon the drtth rt iron trn:utt rr t,it the crsnt s+f any Icsschold intcrest rf three year, or less
net rt+ntaining an opti+at tr purchase. I rntlrr may. •.t 1 cndrr', rptn+n. tkclsre all the sum, secured by this \tortgagc to he
:mnteJisteh- due antl payable. 1 rntlrr ,hall have ++:n+ed sn:h uptirn tr arcelcratr if. prior to the ,ale ter trander. Lender
~ an+i Ihr person to ychnm the Property i, tr hr soil rr transhrrcd reach a~_reement in ++riting th;tt the rretlit of ,nrh person
i, satisfarton to Lcmicr sod shat the interr,t pay:rhk t+n Ihr sum, secured he Ihi, ~lortgagr shall he at sorb talc as Lender
,h:dl revue+t. If 1 cndrr has waived the option to arrelrr.ne provided in thi, p;uaertph 17. and if Bormwer•, uuoessor in
~ intere,t ha, executed a written assumption' acrecntcnt accepted in ycritutg h~ Lender. I-ender shall release Borrower from all
rhligations under this ~tortg:r_e and the Nuts.
If 1 ender cxcrci,e, ,nrh option h+ arrclerate. I ender ,hall msil &+rmwer notirc trf srreleration in accordance with
partgraph I.1 hereof. Such notice ,hall prt+yide s period of not Its, than 2(1 days from the date the notice i, mailed within
whsrh Brrrnwcr mac pas the sums dcrLrrc.l due. It Brrrrwrr fail, tt+ psy ,nrh ,ram, prier tt+ the expiration of ,uch period.
h
~ Lcndrr msy, without further notirc or demand rn Iirrn+wer, ntvokc am remedies pcrmsttr.l by paragraph 13 hereof.
a Nrt~-C:~ttottxt Coyt.~.+~TS. Burrower and 1 cotter further covenant and agree as follows:
IS. Acceleration: Remedies. Except as provided in paragraph 17. hereof, upon Borrower's breach of an}• cotenant or
agreement of Borrower in this 1lorigage, including the cosenants to pa}• when due any sums secured by this Mortgage, Lender
prior to acceleration shall mail notice to Borrower as provided in paragraph 14 hereof specifying: (1) the breach: 12) the action
required to cure such breach: (3) a date. not less than 30 days from the date the notice is mailed to Borrower. by which such
= breach must be cured: and (4) that failure to cure such breach on or before the date specified in the notice may result in
acceleration of the sums secured by this 3lorlgage, foreclosure by judicial proceeding and sale of the Property. 11te notice
r shall further inform Borrower of the right to reinstate after acceleration and the right to assert in the foreclosure proceeding
the non-existence of a default or any other defense of Borrower to acceleration and foreclosure. If the breach is not cured on
or before the date specified in the notice, Lender at Lender's option ma}~ declare all of the sums secured by this Mortgage to be
immediately due and payable without further demand and ma}• foreclose this Mortgage by judicial proceeding. Lender shall
be entitled to collect in such proceeding all expenses of foreclosure, including, but not limited to, reasonable attorney's fees.
and costs of documentary evidence, abstracts and title reports.
19. Borrower's R~ht to Reinstate. Notwithstanding Lender, acceleration of the sums scoured by this Mortgage.
Borrower shall have the right to have am• prttcecdings hceun by Lender to enforce this Mortgage disrnntinucd at any time
` BOOK ~U PdGE 157
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