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rndcr'. urittrn agrrrmrnt ar ;tpph~ahlc lain. Horruurr shall pay the anuauu of all m++rtbat;r insur;ur~r premiums in the
m.urrtrr pr+++•idr.t under pat:+graph 2 hereof.
Any :rmountc +lishursrd M• Lrndcr purw:uu a+ chic p:uagr,+ph 7. witl+ uttrrest thrrean. shalt hrc+am additional
indrMrdnrss of R++rruwrr secured by this ~lonc:+tr. l'nhss Horruwrr :uul I rndcr .+erer to athrr tcrnis of p:ryment, such
amounts sh;dl t+r payahlr ulwn ntai~r from 1 rndcr to Horr+n+rr rryucstinc payment tlrcrr++f.:uul sh:ell brat interest from the
daft +?f dishunrmrnt at the tact p:++~:+hlr fn~m-time to time on outst-.mding principal under,'1ho i\t+hrurtiJess payment of
interact at such rah would be contrary to applicable tau. in ++hich event itch amounts sh:+11 Ikar interest at the highest rate
prrmicciMr under applicable IaN•. !.:aching cumained in this paragraph 7 shall require !.trader to incur any expense or take
am• action hrreundcr.
R. Inspection. I rndcr may miler or:ar+sc 1+. he made reasonahlr entries ulx~n and impectians of the Property. provided
that 1 rndcr .hall give &.rrowrr n+uice prior u• am• such inspection specifying reau+nahlr sauce therefor related to 1 grader's
intrust in the Property.
9. Condemnation. Thr pnkreds of any au;rrd ar claim for damagrc. dlf+tCl or c+?n:eyuential. in connection with any
:ondcmnatiun or ath~t, g chi Property, ur part thereof. or for conyryancc in lieu of condrmna?iun. arc hrreM assigned
and ,hall I+r paid to !.rndcr.
In the r+•cnt ai a fatal takinc of the Proprrt}•. the proceeds shall he applied to chc arms crcurrd by this ~tartgagc.
with the rxcrcc. if am•. paid to &xrowrr. In the event of a partial taking of the Property. unlres Barrou•rr and !.ender
athl'rwt+r agree in writinf.~. there chill be applied to the sums secured by chi. Mortgage such prop++rtion of the prcx:eedc
as is eyu:+l ca that pn~p+mion which the amount of the sums sr.urrd M• this \lartg:r~c immediatey prior to the date of
taking bran to the fair market valor of the Proprrh• immedi.rteh• pri+,r to the .late of taking, with the h:dancc of the proceeds
paid t+. Borrower.
If the Propet•t)• is abandoned h+• Barm++•cr. ar if. after notice by 1 rndcr tt. Harrower that the candemnar otTe(s to make
;ut award or setlk a claim for d:una~:rs. BormH•er fail. t+. respond u~ I rndcr ++ithin in clays after the daft w~h notice is
mailed. Lrndrr is :utthori7ed to collect and appl~• the pn•cerds. at I.cndcr's option. tither to rcctoration or repair of the
Proprny ar to the sums secured h+• this Mortgage.
l;nlrss Lender and Bornn+rr Mherw•ice agree in writing. any such application of proceeds t+• principal sh:+ll not extend
ar p+ntpanc the due date uI the monthh• installments referred to in paragraphs 1 :rod hereof or change the amount of
such installments.
10. Borrower ;Vat Released. 1?xtencion of the time for p;n•mrnt or modification of :+mortization of the sums secured
by this Mtirtga¢c granted by l.ertder tt• att'~ successor in intrust of Barrou•cr shall not oprratr to release. in any manner.
the liahi{icy of the orieiilal B~ii•mwer and Rorrow•rr: wccrssors in interest. Lender shall oat he rryuiud to commence
pnK:ecdings against such successor a+r rciuce to extend iimr for payment car otlter++•isc m~xlify am+artizaGon rf the sums
secured M• chic Mortgage M• reau+n of any demand made by the original Hormw•er and B.~rrowrr s succrsst.rs in interest.
I1. Forbearance by Ixnder'.~ot a R'aiyer. Am forhearrncc by 1 rndcr in exercising :env right or remedy hereunder. or
otherwise aBorded by applicable law. shall not he a waiver ++f or preclude the exercise of am• such right remedy.
Thr pra:urement of insurance or the payment of fasts c1r other tiros ur charges h~~ I.endrr shad) not he :r waiver rf 1 grader's
right co accclrratc the maturih• of the indehtrdness sr:uud h+ chi. ~lartga~r.
12. Remedies Cumulative. AN remedirc pro+idrd in this \lurtgagr art distinct and cumulative to :wry other rich! ar
rrme+h• under chi. Mortgage ar atfordrd M• tau +,r ryuity. and mac Ix r+crcised concurrently. in.lcprndcoth or succrssivrh•.
13. Successors and Assigns Bound: Joint and Se+eral Liahilih; ('options. -Lhc covenants and agrrrmrnts firrein
contained shall hind.:md the rights hcrrunder shall inure to. the rrspectier succcsu~:s and assigns of l.cndrr and &urow~cr.
subject to the provisions of paragraph 17 hrrcti.f. :III cucrnants and sgrrrments of Harrower shall t+r j++in1 and several.
The captions and headings of the paragraphs of this ~lorteagr arc f++r rom•eniencr only and arc not hr aced to
imrrput or define the pn.cicirnc hereof.
14. `otice. Except far am• notice rcyuired under applicable law a+ I.r gi+•rn in another manner. (ai an+• notice to
Horn~wrr pn•yidrd far in this ~tortgagc shall he giyrn by mailinc w:h notice by crnificd mail addressrd to &•rrower at
the Property :address or at such other address ac Sarrowrr mas drsign:nr by natirr to 1 rndcr :rc pnn•idrd herein. and
thl am naticr to Lender sh.rll Fx: gi+•rn by ccrtifird m:+il. return ucript uyurstrd. to I rn.trr's address stated hcrrin or to
such other address as Lender m;»• drsignatr hs notice to Harr+..+er ac pr.widrd herein. ,env ncitice provided for in this
Mortgage shall hr deemed to have hero giyrn to $orrourr or I rndcr c+hrn gicrn in Ihr manner dcsiknatrd herein.
IS. l~niform ~lortga~e; CoyerninR Law: Se+erahilih. 1hi. form of mortgage camhinrc uniform coven:n»s far national
use :rod non-unifi~rm co+•cnants with limikd variations by jnrisJ~:tion to ion.tinrtc a uniform suurity instrununt cm•cring
real pmprrt}. This Mortgage shall hr gu+rntrd M~ the law of the iuri,+Gction m which Ihr Property is I+kated. In the
tern! that an)- provision or clause of chi. ~tartgaLr or the \otr ,ontli~ts ++ith :rpplicehlc law•. sn.h conflict shall oat aifcct
++thcr prosisions of this Nortcagr or the \otr .+hi~h .an hr L+vrn rlTr.t ~+i~h++ut the conilirting provision. and to this
end the prop isions of the \tortgagr :utd the \++tr arc +ir~l:urd to hr sr+'rrablr.
Ib. Borrower's Cope. Barrowrr shall hr furnrshrd ronfrnnrd pop) of the \otr :end of this ~lortgagr at the time
of c~rcutian or attrr recordation hereof.
17. Transfer of the Pr~pert}: A+sumption. If all or ;a+v part of the Pmprrty or an interest thrum is sold or transferred
he Harrower ++ithout Lrnder~ prior written runsrr+:. rs~luding rat the creation of a hen or encumbrance sulx?rdinate to
tfiis Mortgage. (h1 the creation of a purchase manes security mtrrr;t fir Irnruhold appliancrc, fct a transfer M• de+•ise.
I descent ar by operttirnt of L+u upon the .bath +•t i++rnt tenant or I;t+ the irant of :+m• kacrhold intrust of thrrr gran or Ices
~ not containing an option to purchase. I trader m.+v. at I trader's option. drel:+re all the sums se.:urcd M• this Mortgage M be
,mmedi:drh~ due :end payable. 1 rndcr sh:dl hoer war+rd such option n+ accrlrr:+tc if. prior to the sale or transfer. Lender ~
~ .+nd the pers+m t+• ufiom the Pmprrty is to to sal.! or transferred wash aguemrnt in writing that the credit of such person
,s c:rtisfacton• to Lrndrr and that the intrust pas:+hlr on the sums secured by this Mortgage shall F+e at such rate ac lender
i
shall reyurst. If Lender hoc waived the option t+. accelrr.+tr prrn•ided in this paragraph 17. and if Barrou~er's successor in
,ntrrest ha. executed a written assumption agreement accrptrd in writing by Lender. Linder shall release B~rrouer from all
obligations under this 1lortc:+LC and the Notc.
If 1 ender exercises loch option h, a:celrr.+tr. 1 rndcr sh.+Il rnail Borrower nc.tice of acceleration in accordance with
paragraph Id hrrraf. Such notice shall provide a period of oat Ics. than zfl days from the date the notice is mailed within
which Borr++wcr may pay the sums declared duC If Horn+wcr fails to pay such acme prior M the expiration of such period.
Lcn.lrr may. +sith~ut further notice or demand on korr++wcr. invoke am rrmedics permitted by paragraph IR hereof.
Nox-lr~ttoRat C'ovF~~~7s. Borrowcrrnd I ender further covcnam 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 ~toriRa>;e, including 1ht covenants fo pa~~ when due any sums secured by this Mortgage. Lender
prior to acceleration shall mail notice to Borrower as provided in paragraph 14 hereof specifying: (1) the brcach;l2) the action
required fo cure such breach; (31 a date, not less than 30 days from the date the notice is msriled to Borrower. by which such
breach mfrs! be cured; and 14) chat failure to cure such breach on or before the date specified in the notice may result in
acceleration of the sums secured by this Mortgage. force{osure by judicial proceeding and sale of the Property. The notice
shall further inform Borrower of the right to reinstate after acceleration and the right to assert in the foreclosure proceeding
the non-existence of a default or any other defense of Borrower to acceleration and foreclosure. If the breach is not cored on
or before the date specified in the notice. Lender at Lender'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 collect in such proceeding all expenses of foreclosure. including. but not limited to, rettsorwble attorney's fees.
and costs of documentary evidence. abstracts and title reports.
l4. Borrower's Right to Reinstate. Notwithstanding Lender c acceleration of the sums secured by this Mortgage.
Borrower shall have the right to have any proceedings hcgttn by !.ender to enforceethin Mortgage discontinued at any time
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