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Lender i writtcn agreement or applicable low. Borrower shall pay the amount d• all engage ini~ci premiums in the
manner pnividcd under paragraph 2 hereof.
Any amounts disMtrsed by Lender purutant to this paragraph with interest theroon, shall become additional
indebtedness of Borrower secured by this Mortgage. Unless Born~~cr and Lender agree to other terms of payment. such i
amounts shall ht payahk upon notice from !.ender to Borrower requectinR payment thereof. and shall bear interest from the
date of disbursement at the rate payahk from time to time ore outstanding principal under the Note unless payment of
interest at such rate would be conlran? Io applicable law, in which event such amounts shall bear interest at the highest rate
permisstbk under applicable laws Nothing contained in this paragraph 7 shill roquiro lender to incur any expense or take
any action hereunder. - ,
Iwt~ectioa. i.ender may make ar cause to be male reasonable entries upon and inspections of the Property. provided
that Lender shall give Borrower ndice prim to any such inspection specifying reasonable cause therefor related to Lender's
interest in the Property. ;
• Cowdetwrtatfow, The proceeds of any award or claim for damages, direct or rnnsequential, in eorttteetion with any
condemnation or other taking Qf tjte rtpppt~r, or part thereof, a for contreyartee in lieu d condemnation, arc hereby attsiRtted
and shall be paid to Lender.
in the event of a total taking of the Property. the proceeds shall Ix applied to the sums ar:cured by this Mortgage.
with the excess, if sny, paid to Borrower, in the event of a partial taking of the Property. unless Borrower and Lender
otherwise scree in writing. there shall be applied to the sums secured by this Mortgage such proportion of the proceeds
as is equal to that proportion which the amount of the sums secured by this Mortgage immediately prior to the date of
takiwg bears to the fair market value of the Property immediately prior to the date of taking, with the balance of the protxeds
psid to Borrowe?..
If,th~ Property is ahartdbned by Borrower. or if. after notice by 1_ender to Borrower that the condemnor open to mate
an award ar settle a claim for damage. Barravver fails to respond to lender within 30 days after the date such notice is
mailed, Lender is authorized to collect and apply the proceeds. at fender's option. either to restoration or repair of the
Property ar M the sums securedlty thitiTNortteage,;u 1~
Unless Leader and Borrowet~ot~ise;a=roe iq;~irjt~ng, any such application of proceeds to principal sha0 not extend
or postpone the due date of tlii3mwtthly.installmenls+re(errcd to in paragraphs 1 and 2 hereof or change the amount of ~
. such installments. ~~c...., f.; ;
10. b~rrowtr Not Released. Extension d the time for payment pr madiflcation of amortization of the sums toecured
by this Mortgage granted by lender to any sttcoeswr in interest of` Harrower shall not operate to reksse, in any manner, ~
the liability of the original Borrower and Harrowers successors in interest. Lender shall not be rt:quirod 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 interest.
~ 11. Rorbearswce il' Lewder Not w Wsih?er. Any farhearance by lender in exercising any right or remedy hereunder, or
otherwise aBorded by applicable law. shall rsal be a waiver of or preclude the exercise of any such right or remedy.
The procurement of insurancepr 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 secured by this Mortgage.
12. Rewtedies Ctrttwwbtfitre. All rterrtedies provided in this Mortgage are distinct and cumulative to any other right or
remedy under this Mortgage or afforded by raw or equity, and may be exercised concurrently, independently or successively.
13. Sneceators awd Atttigw bow Joirtt awd Send i.iabiHry, Captlotts. The covenants and agreements herein ~
contained shall bind, and flee rigftts hereunder ahail inure to. the respective sc,ccessars and assigns of i.ender and Borrower.
subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be joiry and sevenl_ i
The captions 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. Notlee. Except for any native required under applicable law to be given in another manner, (a) any-notice to
Borrower provided for in this Martgaee 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 notice to i_ender as provided herein, and
(b) any notice to Lender shall he given by certified mail. return receipt requested. to i.ender
s address stated herein or to
such other address as Lender may designate by notice to tsormwer as proviciai :,o~~~~.. ; :
; ~~'s.._ ~MY:/t/MI sw :n this i
Mortgage shall be deemed to have been given to Harrower or Lender when given in the manner designated herein.
1S. Uwitorwt Mortgage; Gonrwitrg Lsr?: Strrenbility. This form of mortgage combines uniform covenants for national
ttse and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering 1
real property. This Mortgage shall h governed by the law of the jurisdiction in which the Property is located. in the
event that any provision or clause of Chic Mortgage or thF Note Conflicts with applinbk law, such conflict shag not affect
other provisions of this Mortgage or the Nate which can be given effect without the conflicting provision. and to this .Y
end the provisions of the Mortgage and the NMe are declared to be severable.
If. borrower's Copy. Borrower shall be turnished a conformed copy of the Note and of this Mortgage at the time
of execution or after recordateon hereof.
17. Ttrawster of the 1roperty: Aswmptiotr. If all or any part of the Property or an intert~t therein is sold or transftrred ~
by Borrower without Lender's pricer writtcn consent. excluding (al the creation of a lien or encumbrance subordinate to -
this Mortgages (b) the creahan of a purchase mc?ney security interest for household appliances, (N a transfer by devise,
descent or by operation of law upon the death of a joint tenant or !dt the grant of any leasehold interest of three years or less
not containing an option to purchase. Lender may. at l_ender'c option, declare all the sums secured by this Mortgage to be #
immediately due and payable. Lender shall have waived such option to accelerate if, prior to the sale or transfer. Lender
and the person to whom the Properly n to be call or transftrrcd reach agreement in writing that the credit of such person ?
is satisfactory to Lender and that the intcrrct Fayable on the sums secured by this Mortgage shall be at such rate ac Lender
shall request. if Lender has waived the option to accelerate provided in this paragraph 17, and if Borrower's successor in j
interest has exceuted a written assumption agreement accepted in writing by Lender. Lender shall release Borrower tram all t
obligations under this Mortgage and the Note.
If Lender exercises such option to accelerate. Lender shall mail Borrower notice of acceleration in accordanc-c with
puagraph 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 sums o_rtared due. If Borrower fails to pay such stems prior to the expiration of such period.
Lender may, without funkier notice or demand on Borrower. invoke any remedies permitted by paragraph IR hereof.
Nor!-UNU=o~M CovEH~NTS. Borrower and Lender further covenant and agree as folbws:
li. Accelcrwtiow; Rewucdks. )Except a rrovidcd iw pnRtnyh 17 hereof. trpow bt+rrowerts bread of rrwy covewnM of
agreemewt of borrower iw this MotriRage, itrclttdirtR the eorewawts to py whew dwe awy stt?ats secwred ray this Mortgwge. iettdetr
prier b aceelecatbw shall weal! wotke to borrower a rrovided fro psragrapb /4 hereof specByiwR: (l) the breach: (2) the setiow ;
rsgwirt:d to cttrc swci ftKeach; (3) a dah. root less throw 30 days from the Gate the wotke is waged to llbrrowtr. by which steel ~ '
fhewci newt rte ctrrcd: awes aT1) shat faihrre to cwre swch Mewch ow or before the cafe sfeeifled iw the wotice way rtesttlt b
accekrMiow of tier stwts tecwred by this MorsRage. torrccloswre h' jt+af<lal ~roceedittR ttrtd sale of the Property. The wotiee-
shag heeler iwfotnw Borrower of the right to reiwstate after aecelerwtiow wwd the right b wren fro the torecleswrt trot:tedlw~
tie wow-a:istewce of a aefawk or swy otfur Aefewse of borrower to saekrMbw wwd toreclowre. If the hrewch is wM cured ow {
ar before the date specified iw tie wotke. Lewder at l.etrder's o*tft?w wtq dcehre wN d the swrttr teewr+ed iy tilt Mortgage N be j
iwttwediately dtre awl pyabk withowl fwnher demand and way tonclose lift MortRaRe fly jw+icW pr~seeedlwg. Lender-shah
be etrrtided to tobect iw steel proeeediwR ant e:pcwses of torecioswn. iwclwiinR. bwt root firrrited to, reatowabk snurwcYs fees. ~
awl Batts of dttrcwtwtwtarY eridewce. a6ttrscts awd tick reports.
1!. borrower's Rf~ltt to ReiwslMe. Notwithstanding Lenders acceleration of the sums secured by th,s Mortgage,
Borrower shall have the right to have any procerdrncs (xN~n by tender to enforce this Mortgage discontinued at any time
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