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Lender's written agreement or ;;ppGrahle law. Bormwrr shall pay the amount of all mortgagi: insur:u?ce premiums in the
manner j+r.?vide.l undrr'purtgraph 3 hereof. i
Any antountc disbursed M• Linder pursu;rnt to this paragraph 7. with interest thereon. shall became additional 3
inJrMrdness .+f ftarruwrr secured M• this Mortgage. l'nlcss Borrower and I ender agree k• other tcmtc of payment. such
amounts.h:dl he payable upon rttaice fmm I ender a• Borrower requesting payment thereof. and shall hear intrrrct fmm the
.late of di•hurcrmcnt at the rate trahle fmm time to time on autstandine rind •tl under the Notc unless j
r~ r r• payment of
interest at such rate would t+e rontran• t.. applicable law•. in which event such amounts shall hear interest at the highest rate
prrmiscihle under applicable la+~•. Nothing contained in this paragraph ~ shall require Lender to incur any expense or take
any action hereunder. .
8. Inspection. I.cndcr may make or cause to he made rtas;•rah!c Cnt:ice ,:~:n ;:nd incpt~ctionc of the Praprrty. prcevrtkt!
that Lrndcr shall gi+•e Harrower notice prior to any c!rch inspecti+in cprcih•ing reasonable sauce theufor rel:tird to Lender's
interest in the Pn•perh•- a .a ~
9. Condemnation. The pr..crrdc of any aw~rd ax•claiwt far damaces, direct or a•nsequential. in rnnnection with any
condemnation or other taking of the Property, ur part thereof, or for conveyance in lieu of condemnation, arc hrrcM• assigned
:md ,hall he paid to l.cndcr.
In the event of a total taking of the Property. the proceeds shall he applied to the come secured by Chic Mortgage.
with the excess, if any. paid to Horrrwcr. In the event of a partial taking of the Property. unless Bormwrr and Lender
otherwise agree in writing. there chill he applied to the some secured by this Mortgage such proportion of the proceeds -
as is equ:d to that pmlx~rtion which the amount of the sums secured he this Mortgage immediately prior to the date of
taking hears to the fair market value of the Property immediately prior to the date of taking. with the balance of the proceeds ~
paid to Borrower. f
if the Property is abandoned by Borrower. or if. after notice by I.rnder to Rorrow•rr that the condemnor offers to make
an award or settle a claim for damages. Harrower fail. to rr.pand t.. 1 ender +vithin 3n da+•c after the date .tech Halite is
mailed. Lender is authorized to collect and apply the proct.•rdc. at Lender's option. tither to recto~ation or mpair of the i
Property or tt. the some secured by this Aiortgagc.
Unless lender and Borrower othenrice agree in w~ritn?L. am• such a ptiration of proceeds to principal ,hall not extend j
ar postpone the due date of the monthly installmcnls referred to in pa~A~raphe 1 and hereof or change the amount of
such installments - Y; , ` + ~ -
10. Borrower riot Released. Extension of the time for payment o1~Rnu?diti,.atioh ofiamorlizdtion of the sums secured
by this Aiortgagc granted by l.endrr to am• cuccecct?r in interest of Borrower shall not oper.~tr to release. in any manner.
the liability of the original Hormwcr and Borrower ~ successors in interest. l.cnder shall not he required to rnmmcncc
pn>lredings against such successor ur reface tx? extend time for payment t.r otherwise mrxfify amortisation of the sums
secured by this Mortgage M• reason of any demand made h+' the orieinal Borrower and Born?wcr's atccrs.~~rs in interest.
11. Forbearance b}• Ixnder \ot a «'aiver. :1nv farhrarutcr by 1 ender in rxcrcicing anv right or remrd+• hereunder. or
uthrrn+•icr atTurded h+• applicahle law, shall not t>.: a waiver c.l or preclude the exercise of anv such right or remedy.
The prcx:urement of insurance or the payment of tars ur athcr licm or charges by Lrndcr shall not Ix; a waiver of I cndcr'c
right to accrlrratc the maturity of the indchtcdnesc sr_ured by this \fortgagc. `
12. Remedies Cumulative. All remedies provided ie this Mortgage are distinct and cumulative to :u?+• other right or t
umedy under this Aiortgagc ar atTordrd by law or equity. and ntay F,r exercised a.ncurrenth•. indeprndenth• or suc~esciyely.
13. Successors and Assigns Bound; Joint and Se+eral Liabilih•; Captious. Thr rnx•rnantc and agrerntrnts herein
contained shall hind. and the riches hereunder shall inure to. the resprctiye succescorc and assign. of Lender and Borrower.
subject to the provisions of paragraph 17 heuof. All covenants and agreements of Borrower shall he joint and several. j
The caption. and headings of the paragraphs of this Mortgage arc for rnnveniencr only and arc nut to I+r used to i
interpret or define the: provisions hereot.
14. \otice. Except for any nMicc required under applicahle law to hr given in another manner. (a) :un• notice to
Born?we~ provided for in this Aortgage shall Ix given by mailing such Holier by certified -mail addressed to Borrower at
the Property Address or at such other address ac Burn,wrr miry designate he Holier to 1 coder ac pnn•i.led herein. and t
th? anc~ notice to Linder shall hr given by certified mail. return receipt requested. to 1 ender s address stated herein or to
such other address :n Lrndcr may decienate by Holier to Borrower ac provided herein- :~nx• Holier' provided fur in this
Aiortgagc shall Fx deemed to bier Ix:en giver, to Borrower or I ender when given in the manner designated herein. •
15. l•niform A1ortgrge; Governing Law: Seyerabilih. 'Thi. form of mortgage combines uniform cox•en;utts for national
use and non-unifunn rovrnants with limited variations he jurisdiction tr c•unstih,se a uniform srcurih• instrument covering
real property. This Aiortgagc shall hr gu+•ernrd by the law of the iuris.lictiun in which the Property is L?catrd. In the
event that any provision or clause of this AtortgaLr or the \ote conflicts with applicahle law-. such conllict shall not affect F
other provisions of this Aiortgagc ur the Notr which ran he Liven rlTrrt wi!hout the ronllicune pmctctun. and to this
end the provision of the Mortgage and the \otr air .leclaud n• he cevrrahk. ?
16. Borrower's Cope. Borrawrr shall t.c furnished a a~nfornted ropy of the Note and of this Mortgage at the time
of execution or after recordation hereof.
17. Transfer of the Pmpert~; Assumption. If :dl rr anv part of the Property or an intrrrct therein is sold or transferred
by Borrower svithuut Lender ti prior written romrnt. excluding ta? the creation of a lien or rncumhrancr sutx?rdinate to
this Mortgage. (h1 the creation of a purchase money securitc interest fur household appliances, Icl a transfer by devise.
descent or M• oprratiun of Lt++ ulx~n the death o(a i~~int tenant or Id+ the grant of am• Iraxhold interest of three years or lees t
not containing an option to purchase. 1 ender m;n. at I rndrr'. option. drel;ur all the sums secured M• this Mortgage to he
immrdiatrh• due and payable. [.rndrr shall have waived such option to accelerate if. prior to the sale or transfer. Lender
and the person to whom the Property is to Ix cold or translrruJ reach agreement in writing that the credit of wch person
is saticfacton• to Lrndcr and that the intrust payable t•n the wms secured by this Mortgage shall he at such rate as Lender
shall request. If (ender has waivrJ the option to accelerate rrn•ided in this araera h 17. and if Borrower's successor in
r r _ r
interest has executed a written asutmption agreement steepled in writing M• l.endrr. Lender shall release Borrower from all 1
obligations under this Aiortgagc and the ?Vote. .
If Lrndcr rxercicrc such option to accrlrrrir. I.endrr shall mail Borrower notice of acceleration in accordance with
paragraph 14 hereof. Such notice shall pn?vide a prri.xl of not less than 30 days from the date the notice is mailed within
which Borrower may pay the cams declared der. II Burrower fails to pay such mms prior to the expiration of such period.
Lrndcr ma}•. u•i!hout further notice ar demand on Burrower. im•okr anv remedies permitted by paragraph tR hereof.
Note-UNIFORM Covev~?:vrs. Borrower and Lender further rnycnant and agree as follows: -
18. Acceleration; Remedies. Except as provided in paragraph 17 hereof, upon Borrower's breach of any covenant or
agreement of Borrower in this Mortgage. including the covenants to pay when due any sums secured by this Mortgage, Tender
prior to acceleration shall mail notice to Borrower as provided in paragraph 14 hereof specifying: (1) the breach; (2) 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 cosh
breach must be cored; and (4) that failure to cure such breach on or before the date specified in the notice may resWf in
accekration of the sums scented by this Mortgage. foreclosure by judicial proceeding and sale of the Property. The notice
shall further inform Borrower of the right to reinstate after accderatiun and the right to assert in the fotxclosnre ptvoceedirtg
the non-existence of a defy r
uk o anv other defense of Borrower to acceleration and to 1
sec osurc. if the breach is not cared on
or before the date specified in the notice. Lender at fender's option may declare all of the sums secured by this Mortgage to be
immediately due and payable without further demand and may foreclose this Mortgage by judicial proceeding. Lender shall
be entitled to colkd in such proceeding all a:peaces of foreclosure. including. but not limited to, rcasonabk attorney's fees,
and costs of docomentary evidence, abstracts and Iitk.reportc.
19. Borrower's Right to Reinstate. Notwithstanding Lender's acceleration of the sums secured by this Mortgage.
Borrower shall have the right to have any proceedings Itegun by Lender to enforce this Mortgage discontinued at any time
s~ 337 P~~E x'22
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