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Lender's written agreement or applicable law. Borrower shall pay the ato~ all rtlort insurance premiums in the
manner provided under paragraph 2 hereof. ) ~ ~ '
Any amounts dichurxd by LenJcr pursuant to this paragraph 7, w~iTi tctest th~~ddfi; 'shall become additional
indebtedneu of Borrower secured t,y this Mortgage. Unless Borrower and LrnDer agree to other terms of payment, such
amounts shall be payable upon notice from I.cnder 1Q Borrower requesting payment thereof, and shall bear interest from the
date of disburxment at the rate payable from tune to time on outatandittg principal under the Note unless payment of
interest at such net would be'contrary to applicable law, in which eve;ni Sikh ame:ants shall bear interest at the highest me +
permiaibk tinder applicable law. Nothing rnntair,ed in this paragraph 7 sh#11 require I:ender to incur any expense or take
any action hereunder. ,
>L Iwgeetlew. Lender may make or cause to be made reasonable entries upon and inspections of the Property.
that Lender shall give Borrower tatice pric?r to any such inspection spceitying reasorrabk cave thaetor rdaled to Larder's '
interest in the Property.
9. Cowiewttatiow, The proceeds of any award or claim for damages, direct a consequential. in eomeetiou with aay
condemnation or other taking of the Prouty. Bart thereof. a for txmveyarrce in liw of condemnation. are het~? atwigeted
and shall be paid to bender. t : f. _ . ; t
In the event of a total tsking of the Property. the proceeds shall be applied to tha sums 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 Lender
otherwise agree in writinit. there shall be applied to the sums secured by this Mortgage such proportion of the; proceeds
as is er{wl to that proportion wfiich the ama,nt of the sums secured by this Mortgage immediately prior to the date of
taking bean to the fair market value of the Property immediately prior to the date of taking, with the: balartoe of the ptooeeds '
paid to Borrower,
if the Property is abandoned by Borrower. ~or if. after ncNice by 1_tnder to Borrower that the corrdetwnor olfas to make '
an award or settle a claim for damages. Borrower fails to respond to Lender within 30 days after the date such notice is
mailed. Lender K authorized to collect and apply the proceeds, at Lender's option, either to restoration a 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 extend ~
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. borrower Not Rekaad. Extension of the time for payment or modifkation of amortization of the sums secured
by this Mortgage granted by Lender to any sr,ccessor in interest of Borrower shall not operate tea nksse, in tiny manner.
the liability of the original Borrower and Btrrower
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 atyr demand made by the oriRinat Borrower and Borrower's successors in interest.
11. Forbearawce yr Lewder Not a Waiter. Any fatt+earance by l.tnder in exercising any right o'r remedy hercurtder, or
otherwise afforded by applicable taut, shall not be a waiver of or preclude the exercise of alny such right or remedy. .
The procurement of insurance~,r the payment of lazes or other liens or charges by Lender shall not be a waiver of Larder's i
tight to accelerate the maturity of the indebtedness secured by this Mortgage.
12. Rewiciies Ctnat~e. All remedies provided in this Mortgage are distinct and cumulative to any other right or
remedy under this Mortgage or afforded by law or equity, and may be exercised concurrently, independently or suooestively.
13. Soctearors sod AsdRws >3owwd: Joint atri 5ereral I.isiiNy; CapNsws. The covenants and ageerrrents herein
contained shah bind, and the rights hereunder shall inure to. the respective successors and assigns of Lender and Borrower.
subject to the provision of paragraph 17 hereof. All covenants and agreements of Borrower shall be joiry and several.
'ilre captions and headings of the paragnphc of this Mortgage arc for convenience Doty and are not to be used to
interpret or define the provisans hereof.
14. Notice. Except for any notice required under applicable law to be given in another manner, (a) any trotice to
Borrower provided for in this Mortgage shall be given by mailing such notice by certified mail addressed to Borrower at
the Property Address or at such other address as Borrower may designate by ndicr to fender as provided herein, and
(b) any ratite to Lender shag he given by certiAcd mail. return receipt requested. to I.endePs 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 daignated herein.
1S. Utdtorrw Mortgage: GoveniwR Law: SevrrabBitr. This /orm of rrrortgage combines uniform covenants for national
rue and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security itrstrumewt ooverirg
real property. This Mortgage shall be governed by the law of the jurisdiction in which the Property is located. Tn the
event that any provision or clause of Chic Mortgage or the Note conflicts with applicable law, such conflict shall not affect
other provisions of this Mortgage or the Nnte which can be given eBect without the conflicting provision. and to this
end the provisans of the Mortgage and the Note are Declared to be severable. 3
li. bbrrewer's Cory. Borrower shall be furnished a conformed copy of the Note and of this Mortgage at the time
of execution or after recordation hereof.
17. Trwwsfe? of tie Treprty: Assaasptiow. if all or any pan of the Property or an interest therein is. soW o' transferred
by Borrower without Lenders prior wrinen consent. excluding (al the creation of a lien or encumbrance subordinate to
this lortgage, (b) the crcahon of a purchase mca?ey security interest for household appliances, (c) a rooster by devise.
descent or by operation of law upon the ckath of a joint tenant or (d) the grant of any kaxhold interest of three years or less
not containing an option to purchase, Lender may. at Lender's option, declare all the sums secured by this Mortgage to 6e
immediately due •and payable. Lender shall have waived s,tch option to accelerate if, prior to the sale or transfer. Lender
and tl,e person to whom the Property is try be so1J or transferred reach agreement in writing that the credit of such person ~
is satisfactory to Lender and that the inlerr.t Fayabk on the sums secured by this Mortgage shall be at u,ch rare ac Leader
shall request. If Lender has waived the option to accelerate provided in this paragraph 17, and if Borrower's successor in
~ interest hu executed a written aswmption agreement accepted in writing by Lender. Lender shall release Borrower from all
obligations under this Mortgage and the Note.
If Lender exercises such option to accelerate. Lender shall mail Borrower notice of acceleration in accordar,c-c with i
paragraph 14 hereof. Such noise shall provide a period of riot less than 30 days from the date: the r,dice is mailed within
which Borrower may pay the sums uxlared due. If Borrower tails to pay such sums prior to the expiation of such period,
Lender may, without further notice or demand on Borrower. invoke any remcdia~ptrmitted by paragraph 1R hereof.
Nor+-UNtt=oant CoveweHTS. Borrower anti Lender further covenant and agree as follows:
li. Accekratiow; Rewediew. Etccept ets provided is pragrapi 17 Irercol. area lorrwwet's 6reaci of awy eovewartt K
agretweat ~ Borrower bs tits Mortgage. Iwcludiwg tie corewaNs to py view toe awy sews seeurei by NblNortR>~• Lewder
'riot b aceekratbw siaN wail wotke to borrower as rrorfded Iw pragrapi 14 hereof sredtybtg: p) tie 6rttaei: (2i tie setisw ~
rgerired to cwrc lard iresei: ty) a date. wet less tlw 3A dsys trove tie daft tie wetia b walled is lterrr?wer. lly wild swei ;
iseaci wesst k ewtd: awd (4) fiat taibrr to crre strci ireaci ow or bdort tie date srtelRed iw tie wotiet way result i•
aextkratiow of tit stows secured by tits Mortgage. torrteloswtt h jwdkial rrt?ctedis! awd sale et tie Trorerty. 71e tratiex.
dull ftrrtber iwforwt borrower of tic right to reiratate after weeeleratlow a+rd tie right b avert h tie tercciawre rreoeedlwg
tit wow~e:istewce of a ietawM or wry other defence of borrowerr to wecderatiow and toreelotwrs. H ~e tkesci b wet twist a
or before tie dsR gecilie! iw tie wotke. Lewder:t I.ewder's orfiow wq deelwc orb et tic wtus seemed iy fib MoAgaRe a be
iwwsedistdy doe awd pysbk withottl hrthtr demand awd wray /eretlosc fib Mortgage h jrdkW rrocteMttR. fender-d,all
be ewtidcd to eobM V serdr rrotetdiwg sM etprtrses wf foredoswre. Iwdwdierg. bwt teat litwitei te, reasoaaMt altarwrv's fees.
aed costs of doewwewtary erWcwce. abstcads awd tNk rrprts.
1!. •on~swer's Rlght to Rebwate. Nawithstand~ng Lenders acceleration of the sums secured by this Mortgage. ,
Borrower shall have the right to have any proceed~nFc beE,,,n by Lender to enforce this Mortgage discontinued at any time
a~~ 337 83? .
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