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1 tinder's written ag«ement or apphcahle la+t. Iturruwer shall pay the amount of all motigagr insurance pumiums in the
manner pr.+vidr.l under paragraph 3 hereof. t
:any amantts disbursed by I ender pursuant to this paragraph 7. with inteucl Ihcrcun. shall hccomr additional
indrhteJnrss .+f Bc+rru++er secured hp this Mortgage. l'nles. Borru++rr ;u?J 1 ender agar to oilier terms ??f payment. such
:unuunts .hall txx pa)ahk upc+n ostler fr.nn 1 coder to Borrower «yuesting garment there.+f. and sh:dl tzar intrrect from the •
date of dishurcement at the rate pavahle from time to time .?n outstandinc principal under the Note unlccs payment of
interest at such rate mould F+e caner:tn• a+ applicable ta++•. in which rvcnt such amounts shall l?car intered at the highed rate ~
permiscihlr under applicable la+~•. Nothing contained in this par.?graph 7 shall inquire Lender to incur any expense or take
anv action hcrcundcr.
8. Impaction. Lender may make or cause to t?c made reasonahle entrie. upc?n and inspections of the Property. provided
:hat ! ender ch:+N give Burrower nc~ticr prior to any such inspection specifying «asonable sauce the«fc?r related to Lender's
uuerest in the Property.
9. Condemnation. The proceeds of any award or claim for damages, direct or runsequential, in connection with anp
cundcmnatiun ur uthrr taking of the Property, or part thereof. or for axtvepance in lieu of condemnatie?n, arc herchy assigned
and sh;Jl hr paid to t.cndcr.
In the event of a total taking .?f the Aml?erty. the prc?cecJs shall he applied to the come cc.:urcd by this Mortgage.
with the access. if any, paid to Borrvwcr. In the event c•f a partial taking of the Propertn•. unlccs Borrower and lender
athcrwisr agree in svritinf!. there shall he applied M the sums secured h)• this Mortgage such proportion c?f the proceeds l
as is equal to that proportion which the amount of the sums secnud by tfiis Mortgage immediateh• prior to the date of ~
taking 1?cars to the fair market value of the Property immediateh• prior to the date of taking_ with the halancc of the proceeds
paid to Borrawcr.
If the Prop~tc is abandoned h)- Borrower. or if. after notice h)• 1 ender to Borrower that the condemnor offers to make
an award or settle a claim for damage.. Borrower fails to rrs{?c+nd to 1 ender within 3(1 day. after the elate such n.?ticc is
mailed. Lender is authorized to collect and apph• the proceeds. at Lender's option. either to restoration or repair of the t
Property or to the sums s~YUrcd by this ;Mortgage.
ltnlcss Lender and Borrower otherw•ice agree in writine. anv such applirttiun of proceeds Ic. principal shall not extend `
or pcxtpone the due Jate of the monthly installments rrferrrd to in paragraphs 1 and 2 hereof or change the amount of
such installments.
10. Borrower Atot Released. Extension of the time for payment or mcxiification of amortization of the sums secured
hp this Mortgage scanted by Lcndcr tc• any cttcCeccor in intrrrd of Borrower shall not operate to release. in anp manner.
the liability of the original Borrower and Borrvwcr i successor. in [merest. [.ender shall not he rcyaiud tc? commence
prcxeedings against ureh uteccccor or refuse to extrnJ time for payment or othenvisr mcxlif)• amortization of the sums
secured by this Mortgage M• reason of anc demand made M the oririnal Borrower and Borrower's success.xc in interest.
11. Forbe,rrance by Lender Not a Wainer. Anc f.+rtwar:utrc by Lcndcr in exercising any right or remedy hereunder. or
+aherwise afforded by applicable law, shall not he a waiter of or preclude the exercise of any such right or remedy.
The procurement of insurance or the payment of taxes ar other liem ar charges M• Lender shall not F?e a ++aiver of Lcndcr s
right to accelerate the maturity of the indchtrdnrsc sr_uud by this Mortgage.
12. Remedies Cumulative. .411 remedies pros idrd in this Mortgage a« distinct and cumulative to anv_ ether right or
remedy under this Mortgage or atf~.rded by law ar ryuiq•..rnJ rosy F?e eserciseJ concurrently. independenth• or saccrsciveh•.
13. Successors and Assigns Bound: Joint and Sereral Liabilih': Captions. The covenants and agreements herein
contained shall hind. and the riehts hereunder shall inure to, the respective succescon and assigns of Lcndcr and Borrower.
.object M the provisions of paragraph 17 hereof. All cm•rnantc and agrecmcnts of Borrmrcr shall he joint and several.
The captions :end headings of the paragraphs of this Mortgage arc for convenience only and arc not to t?c aced to
interp«t or define the provisions hereof.
14. Notice. Except for anv notice required under applir.?hlr taw tv t?e given in another manner. /al am• notice to
Burrower pr.+vided for in this Mortgage shell he given h)• mailing such notice M• certified mail addressed to Borrvwcr at
the Property Address or at such other address ac Bvrr.+wcr mar designate by notice to 1 ender as provided herein, and ,
thi am- Holier to Lcndcr shah t?cr given by certified mail. u nrrn ucript requested. t.? I tinder's address stated herein or to
such other adducs as I.rnJer rosy drei¢nate b) notice tc+ &.rruwer as provided herein. an)• notice pr.n•ided for in this
~tvrtgage shall fx dremcd to have been given to Borro+cer or 1 cndrr hen given in the manner designated herein.
I5. t'nifarm 111origage: Covrrning Law: Sererabilih. This firm of mortgage rnmhinrc uniform covenants for national
use and nun-uniform covenants with limited variations hs• jnrisJrctivn tv constitute a uniform xc+rritp instrument rnvering
real propene)-. This Mortgage shall t?e governed by the law of the jurisdiction in which the Pmpert)• is lc?cated. in tfie
r+•cnt that an)• provisirn or clause of this Mortgage rr the N.+tc con11ic1s ++ith applicable law. such conflict shall not affect ~
ether prvvisic+ns of this Mortcagc or the \ote which can !?e given effect +vithvut the conflicting pm+ision. and to this
end the provisions of the Murtgagr and the ~++tr arc .lrclarecl tc~ t?c srvcrahle. j
16. Borrower's Copy. Borrvwcr sh:dl hr furnished cvnfvrmed copy of the \ote and rf this ;\lortgagc at the time
t
of execution or after rrcurdation hereof:
17. Transfer of the Pmperty::lssumption. If all ~+r :u?c part of the Property or an interest therein is sold or transferred ~
M' Boer.+wer without Lcndcr prior written c:+ncrnt. r~cludiug tat the ~rratiun of a lien or encumbrance sutx?rJinate to
this Mortgage. Ihl the creation of a purchase mvrte)• .scarily interest for hotrschulJ appliances. (c1 a transfer by devise.
Jrscent or hp operation of law upon the death of a joint tenant or tdr the grant of :+m haschald intcrest of three years or less
not containing an option b. purchase. I ender may. at Lender's .+ptivn. drel:ue all the sums secured h)• this Mortgage l0 be
~mmrdiateh• due and payahlc. lender shall have w:dved such option tv acceler.?te if. prior to the sale or transfer. [.ender
and the person to whom the Prol?crtc is to t?e sold ar transferud uach agreement in w•~iting that the credit of such gallon
i, saticfacton• to I.enJer and that the intrust payahle on the sums secured h)• this 1ortgage shall 1?e at such rate ac Lender
shall request. If Lcndcr has waived the option to accelerate provided in this paragraph 17. and 2f Borrowers successor in
intcrest has executed a written assumption ago-anent accepted in writing by [.ender. lender shall release Borrower from alf
++bligrtionc under this Mortgage and the Note.
If I.cnder exercises arch option to accelerate. 1 _cndrr shall mail Borrower notice of acceleration in acrnrdaRCC with
paragraph 14 hereof. Such notice sfialf provide :r prricxl of not Icss than 10 daps from the date the notice is mailed within
~+hich Borrower may pa)• the sums declare) due. If Borrrn+cr fails to pa)• such sums Qrior tc. the expiration of such period.
Lcndcr map. without further nMice or Demand on Borrower. invoke anc remedies permitted hp paragraph 1R hereof.
Nov-UHtt=ogre CovE~:xx•rs. Borrower and Lender further rnvenant and agree as follows:
18. Acceleration: Remedies. [Except as provided in paragraph 17 hereof. upon Borrower's breach of any coreaant or
agreement of Barrow•er in this Mortgage, including the covenants to pay when due any sums secured by this Mortgage, Lender
prior to acceleration shall mail notice to Borrvwcr a3 provided in paragraph 14 hereof specifying: (1) the breach; (2) the action
required to cure such breach; (3) a date, not less than 30 days from the date the notice is mailed to Borrower, by whkh such
breach must be cared; trod (4) that failure to cure such breach on or before the date specified in the notke rosy result in
acceleration of the sums secured by this Mortgage. foreclowre by judicial proceeding and sale of the Property. 1Le notice
shall further inform Borrower of the right to reinstate after acceleration and the right to tassert in the fotreclosnre proceeding
the non-existence of a defauh or any other defense of Borrower to acceleration and foreclosure. if the btreach is not cured on
or before the date specified in the notice, Lender at Lender's optbn may decMrc aq of the sums secnrcd by this Mortgage b 6e
immediately due and payable without fnrtber demand and may foreclose this Mortgage by jndkial proceeding. Lender sbafil
be eatided to collect in such proceeditg all expenses of foreclosure. inctudirtg, but not limited to, rcasorgtbk attorney's fees,
and costs of documentary evidence. abstracts and title reports.
19. Borrower's Right to ReirWale. Notwithstanding Lender's acceleration of •the sums secured by this Mortgage.
Borrower shall have the right to have any proceedings hegun by 1_ehder to enforce this Mortgage discontinued at any time
so~343 p~i59~4