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tender's written agreement sgRliFibk luM?. r shall the amount o[ all snort
• • manner provided under pares;p~ jereof. . ~ WY gage insurance premiums in the
Any amounts disbrutZed by I.en~kr pursuant to this paragraph 7, with interest thereon, shall become additional
indebtedness of Borrower stcured by this Mortgage. Unless Borrawcr and t.cnder agree to other terms of payment. such
amounts shall bt payable upon notice from I.cnder to 8orrowcr requesting payment thereof, and shall bear interest from the
date of disbursement at the qtr payable from time to time on attstanding principal under the Note unless payment of
interest at such rate would be contrary to applicable law, in which event such amounts shall bear interest at the highest qte
pamiusibk under applicable law. Nothing rnntained in this paragraph 7 shill require lender to incur any axptsraa a take
any sction hereunder.
i. Ipeetiow, Lender tray make or cause to be made reasonable entries upon and inspections of ilrs Property, provided
that Lender shag give Borrower notice prior to any such inspection specifying reasonable cause: therefor related to Larder's
interest in the Property,
Catlewtaliotr. The proceeds of any award or claim for damages, direct a consequential, in connection with any
condemnation a other taking of the Property. or part thereof, a for carrveyarrce in lieu of eondannatioq. ale httl~?~t~
and shall be paid to Lender, i . , t s _ ;
in the: avant of a total taking of the Property, the proceeds shall 6e applied to the sutras securod by Kris Mortgsge.
with the excess, i[ any, paid to Borrower: In the event of a partisl taking of the Property. unless Borrower and Larder
otherwise sgte+e in writing, there shall be applied to the sums secured by this Mortgage such proirortigr of the proceeds
as is equal to that proportion which the amount of the sums secured by this Mortgage immediately prior to the data of
taking bears to the fair market value of the Properly immediately prior to the date of taking, with the balance of the proceeds
paid to 8orrowar. ,
it the Property is abandoned by Borrower. or it. after notice by Lender to Borrower thst the condemnor ol[as to matte '
an award or settle a claim for damages. Borrower faik to respond to Lender within 30 days after the date such notice is
mailed. Lender is authorized to collect and apply the proceeds, at Lender's option, tither to restoration or repair of the
Property or to the sums secured by this Mortgatte.
Unless Lender and Borrower otherwise agree in writing, any such application of~proceeds to principal shall not extend
or postpon4 the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of
such installments.
lb. Rerrower Not Relaasni. Extension of the time for payment or modifkation of amortization of the sums secured
by this Mortgage ggnted by Lender to any successor in interest of Borrower shall not operate to release, in any manner,
the liability of the original Borrower and Borrower's successors in interest. Lender shall not be r+equirt:d 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 original Borrower and Borrower's successors in iMertst.
~ 11. Rorbearawce by Letttler Nd a Waivetr. Any forbearance by lender in exercising any right or remedy hett:tmder, or
otherwise afforded by applicable tiro. shall rrat be a waiver of or preclude the exercise of any such right or remedy.
The procttrcment of insurarrce~pr the payment of taxes or other liens or charges by Lender shall not be a waiver of Lender's
right to accelerate the matunty of the indebtedness secured by this Mortgage.
12. Retwedies Ctmnlatbe. All remedies provided in this Mortgage arc distinct and cumulative to any other right or
remedy trnde~ this Mortgage or aRorded by law or equity, and may be exercised concurrently. independently or successively.
' 13. Sttceatas ni AssiKtts )tetrad: ,Joint awi Serenest 1.Mhi1Ny; CtrMiota. The Covenants and agreements herein
contained shall bind. and the rights hert:urrder shall inure to. the respective sttcctsson and assigns of Lender acrd Bgrrowtr,
subject to the provisions of paragraph 17 hereof. All covenants and agreemrnts of Borrower shah be joint( and several.
The esptions and headings of the Paragraphs of this Mortgage arc for convenience only and are not to be used to
interpret or define the provisions hereof. `
14. Notice. Except for any notice required under applicable law to be given in another manner. (a) any notice to
Borrower provided for in this Mortgalte shall be given by mailing such notice by certified mail addressed to Borrower at
the Property Address or at such other address as Borrower map designate by rrotiee to i.ender as provided herein, and
(b) any notice to Lender shag he given by certified mail. return receipt requested. Io i.ender
s address stated herein or to
such other address as Lender may designate by notice to Borrower ss 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. Uniforw MarlRsge: Gorerwiwft Lat+. Severa6i>ity. This form of mortgage combines uniform covenants for national
tux and two-uniform covtnsnts with limited variations by jurisdiction to constitute a uniform security instrumetrt covering
real property. This Mortgage shall M ttoverrted by the law of the jurisdiction in which the Property is located. in the
event that any provision or ciatrse of Chic Mortgage or the Note conflicts with applicable law. such conflict shall not Meet
other provisions of this Mortgage or the Note which can be given effect without the conflicting provision, and to the
end the provisions of the Mortgage and the Note are declared to be severable.
lf. Borrower's Cory. Borrower shall 6e furnished a conformed copy of the Note and of this Mortgage at the time
of execution or after recordation hereof.
17. Tsa~sfer of fhe )rrorerty; Asattwrtiar. 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 subordinate to
this Mortgage. (bl the crcatron of a purchase money security interest for household appliances, (c) a tgnsfer by devise;
descent or by operation of law upon the death of a joint tenant or (dl the grant of any leasehold interest of thrtc ycan 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 v?•aived such option to accelerate if, prior to the sale or transfer. Lender
and the person to whom the Property is ter be colt or transferred reach agreement in writing that the credit of each parson
is satisfactory to Lender and that the intcre.t Fayabk on the sums secured by this Mortgage shall be at such rate ac Lender
shall request. if Lander has waived the option to accelerate provided in this paragraph i7, acrd it Borrowtr's sttcoasor in
interest has exceuted a written aswmption agreement accepted in writing by Lender. Lender shall release Borrower from all
obligations under this Mortgage:nd the Nae.
If Lender exercises such option to accelerate. Lender shall mail Borrower notice of accekntion in scrnrdarrc-c with
paragraph 14 hereof. Such notice shall provide a period of raw less than '30 days from the date the notice is mailed within
which Borrower may pay iht sums t.xlared due. It Borrower fails to pay stxh sums prior to the expiration of such period.
Lender may, withou! further notice or demand on Borrower. invoke any remedies permitted by paragraph 18 hereof.
NON-UNIFORM COVENANTS. BOtTOwer and Lender furthCr COYenanl and agree as fOlbws:
1f1. Aeeel«eratiow; Rewretlks. B:tent ass rrorided irr praparA l7 Aereot, rrroa >forrrwa's Meech of awy~coverraet at
sgreemettf d Borr+arer i• this Mortgage, ittthr~wR the corewawls to rap whew lwe say stows seewrel 6y tbk lortgage. II.ettdu
prior to seeeieratbw slat wail wtNkc to Borrower a rroviaetl M pragrarh 14 hertof'sreetfyiagr (1) the Meech: /tl the aKllow
rgairei b ctae such <treaci: (3) a tMte, wet less thaw 3t days Craw the late the wotiee M wailed M Borrower. b whkh such
iseaci twttst M cwetl; awl (4) that tailttrc a care torch Meech ow e+r before the lase gctiRal M the wMice way result M
>tccdcratiow of the starts secwrel y this MorlgsBs. h~rcciosare b jwtaicW rroesetliat awi sale of the rrorerty. Tre aerie.
shat further itdorw Barawer of the right M rcir~att after aeeekrafiow awl the right M assert Mt tie terstleswtr rroeeeirtg
tie ttww-exWewce of s dcfatrlt or awy other leterase of aorrower to aecelentiow swtl forrelostae. If tlrtr Mt!wt:h is nef ctrretl on ~
or before the dau sre~citiel iw tie wotke. Lewder >K Leader's ortMw wtay tkehrre >r at the stns secsael h ChM Mortgage N k ~
itwwtediately due awi pyable wilbaN farther demand awd wary terecloae tiM Merttage b jtr/kW rlracteliwR. i.ender•chaM
to editled to eoBeet Iw tad rratesdiwR a0 exretses of faeebsune. Mdwiiwg. Met root IfeWcl 1a. narowa6ie m•,reep's fees. 1,
rttt/ costs of loeuwtewhry eridewee. sbstruces awd tNle nests.
l!. Borrower's Rkht to ReMr+tate. Notwithstanding Lender
s accekratron of the sums secured by this Mortgage.
Borrower shall have Ilse right to have any procecd~ngs txym by lender to en[orce this Mortgage discontinued at any time
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