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Lender c written agreement or :;pplicahle law. Borrower shall pay' the am.?unt of all mortgage in+urance premiums in the
manner pr+?vide+t unckr paragraph ?hereof.
Any amounts disbursed by Lender pursuant to this paragraph 7. wuh utterccl Ihercon, shall h+~:omc additional
indehtednec+ +?f Bornsser secured by this Mortgage. L'nle+s Barn?wer and I ender ag«•e to other tertnc of payment. such
amount. .hall he parable upon nt?tice from 1 ender n? Born?wer «•ytresting payment thereof. and ch:dl Ixar interest from the
date of dishurcement at the rate pa~•ahlc from time Io time on outstanding principal under the Note unlecc payment of
interest .tt such-rate would he rnntran• t~. applicable law. in ++hsch event such amounts shall hear interact at the highed rate
permissible under applicable IaN•. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
any action hereunder.
8. Inspection, lender may make or cause to he made rcaconahle entries upon and inspections of the Property. pmvided
that Lender shall give Borrower nMice prior to any such inspection sps~t;ifying reasonable cause therefor relates] to fender's-
inte«?ct in the Property.
9. Condemnation. The pn?cecdc of am• award or claim for damagss. direct or consequential. in connection with any
condemnation or other taking of the Property, or part therrnf, or for rnnveyance in lieu of condemnation, arc hereby assigned
and .hall tk paid to t.cndcr.
in the event of a total taking of the Pmperq•. the proceeds shall he applies] to the toms secured M this Mortgage.
with the excess, if am•. paid to Borros+•er. In the event of a partial taking of the Property, unlecc Borrower and Lender
otherwise agree in writing. them shall he applied to the sums cecu«ti! M• this Mortgage such ropor~ o the proceeds
as is equal to that proportion which the amount of the sums seamed M• this Mortgage immc~i~~ ~•idr 1i. the date of
taking hears to the fair market vahre of the Property immediately prior to the date of taking_ with the balance of the proceeds
paid to Borrower.
if the Property is abandoned by B+irrower. or if. after notice M• Lender to Borrower that the rnndemnor offers to make
an award or settle a claim for damag+w. &•rmwer fail. to re+pond to Lcndcr within ?(1 dar+ after the date wrh notice is
mailed. Lender is authorized to rnlk-ct and apply tltc proceeds. at Lender c option. Tither to restoration or repair of the
Property or to the sunk s~-cured by this Mortgage.
Unless 1_endcr and Borrower othcrveisc agree in writing. am' such apptic:dion of proceeds to princip;d shall not extend
or p~xtpone the due date' o! the monthly installments referred to in paragraph. 1 and 2 herrnf or change the amount of
cu~h installments_
10. Borrower Not Released. Extension of the time for pa~•ment or modification of amortization of the alms secured
bye this Mortgage granted M• lender t+• am• successor in interest of Borrower shall not operate m release. in any manner.
the li:,hility of the original Borrower and Borrowers succec+orc in interest. Lender shall not he «-quirrd to commence
pncee+lings against such successor or refuse to extend time for payment or Mherwi+e mcxlify amortization of the sums
ceru«-d by this Mortgage M• reason• of am• demand made b+' the original Borrover and Borrowers successors in interest.
11. Forbearance by mender \M a Rainer. Ant f<?nc~arance by I ender in exercising am• right or rcmcd~• hereunder. or
otherwise afforded M• applicable f:.w. shall not .he a waiver of or preclude the exercise of any such right or remedy.
The prcx.urement of insurance or the pa~•ment of taxes or other liens or charge-s h~• Lender .hall not he a waiver of Lender s
right to accelerate the maturih of the indchtcdm-ss sc_urcd M• Ihic \lortgagc.
12. Remedies Cumulatise.-'All remedies pmvided in this Mortgage arc distinct anJ cumulative to an)• other right or
remedy under this Mortgage or aftorded by law or eyuit}. anJ ma~• he c~erci+ed concurrenth•_ indcpcndcnth• or +uccessireh•.
13. Successors and Assigns Bound: ]Dint and Sexeral I.iabiUh~; Captions. The co+•enants andagreernents herein
.ontaineJ shall hint. and the rights hereunder shall inure to. the respeaire sucee+x~rs and acciguc of Lcndcr and Borrower.
,object to the proricionc of paragraph 17 hereof_ All covenants and agreements of Bormw•er shall he j.?int and several.
The captions and headings of the paragraphs of this Mortgage arc for convenience onh• and are nM to I?e used to
interpret or define the provisions hereof
• 14. \Mice. Except for any notice required under apphcahle law to be given in another manner. fat :rns• notice to
Borrower provided for in this Mortgage shall he given h~• mailing such notice hg certified mail addre+sed to Borrower at
the Property AJdress or at such other address as &?rn?++er may designate he notice a? Lcndcr ac provided herein. and
Ihl and notice to Lcndcr shall he given by certified mail. return receipt reyuesteJ. to 1 en.krs address stated herein onto
f ~ such other address as 1_ender may designate bye notice to Brnmwrr ac pr.?yided herein. Am• notice provided for in this •
Mortgage shall he deemed to have been given to Borm+rcr or Lender when glean in the manner designated herein. •
~'j I5. Cniform ~iort;;age: Co~•eminf: IIaK: Se+•eraM'lih•. This form of mortgage rnmhincs uniform covenants for national
I use and non-uniform covenants with limited variations h~• juriuhcti.?n a? constitute a uniform security instrument covering
f real property. This Mortgage shall Ile gucerned h+• the law of the iuris.licti.?n in which the Property is located. In the
~ event that ant provision ar douse .?f this Mortgage .?r the \,?te contli~t+ ++ith applicable law. such conflict shall not affect
other pro+i+ionc of this Mortgage or the tiote which can I?e gi+en etTrct without the conflicting provision. and to this
end the pn?siciuns of the Mortgage and the \?Ne are ~kclared to 1•?e ceverahle_
16. Borrowers Cop?. Borrrncer shale I+e furni+hed a conforme+l copy- of the tote and of this Mortgage a1 the time
of execution or niter recordation hereof.
17. Transfer of the Pmpert}: lssumption. If all .~r an+ part of the Property or an intcrcst therein is sold or transferred
1 b~• Borrower without Lender's prior written consent_ excluding rat the creation of a lien c?r encumbrance subordinate to
thi+ :Mortgage. !hl the creation of a purchase mon«- security mtercst for household appliances. (eta transfer by devise.
descent or by operation of law upon the death of a joint tenant or tdt the grant of any icacehold interest of three scars or less ~
not containing an option U• purchase. Lender mad. at 1 ender's option. declare all the sums secured M• this Mortgage to Ire
immediately due and payable. Lcndcr shall hate waived su:h option tr accelerate if. prior to the sale or transfer. Lender
::nd the person to wham the Pmpert}- is ts? be sol.t ar transferred reach agreement in writing that the credit of such person
is satisfacton• to Lender and that the intcrcst pay-al+le on the cum; secured by this ,tortgage chat) he at such rate as Lender
sh:dl reyu~st. if lender has waived the option to accelerate pmvided in this paragraph 17, and if Borrowers successor in
interest has executed a written assumption ag«-amens accepted in writing by I.enskr. tender shall rzlease Borrower from all
obligations under this Mortgage and the tints.
If Lcndcr exercises such option to accelerate. Lender shall mail Borrower notice of acceleration in accordance with
paragraph 14 hereof. Such notice shall provide a perisxl .?i atot Ics+ than i0 dates from the date the notice is mailed within
which Borrower may pay the sums declare+l due. If Born.++cr fails to pay such some prior to the expiration of such period.
Lcndcr may. without further notice or demand on Borrower. ins•okc am• remedies permitted h~• paragraph 18 hereof. ~
N •
NON-UNIFORM CO~•FNAKTS- Borrower and Lender further rnvenant and agree as follows:
z 18.~ Acceleration; Remedies. ]Except as prosided is paragraph 17 hereof. epos Borrower's breach of nay cor:eaant or _
agreement of Borrower in this tortgage, including the cosenanis to pay when doe any sums secured by this Mortgage, Lender
prior iogcceleration shall mark notice to Borrower as pmvided in paragraph 14 hereof specifying: p) tik btrtacb; (2) the action •
rcgpired to cure sorb breach; (3) a date. not lees than 30 days from the date the notice is maned to Borrower, by wbkb such
breach must bt? cured; and (4) that failure to cure such breach on or before the date specified in the notice may reads in
sccekration of the sums secured by this Mortgage. foreclowre by judicial proceeding and sale of the Property. The notice
shall fnrlher inform Borrower of the right to reinstate after acceleration and the right to assert in the forecbsure proceeding
the non-existence of a defavk or any other defense of Borrower to acceleration artd foreclosure. If the 6rracb is not cured on
or before the date specified in the notice.-Lender at Lender's option may declare aR of the sums secured b?' this Mortgage to 6t
immediately doe and payable iritboet further demand and may foreclose this Mortgage by judicial proceeding. Lender sba9
be entitled to cogect in such proceeding aft a=penses of foredosnrr, including, but not Gmitcd to, reasonable attortrey'a-fees,
snd casts of docometatary evidence, abstracts and title reports.
19. Borrower's Right to Reinstate. Notwithstanding Lenders acceleration of the sums secured by this Mortgage.
Borrower shall have the right to have any proceedings begun by Lender to enforce this Mortgage discontinued at any time
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