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I.ender'c wriUCn agrecntent or :tppll:.lhlc Lu+ Burn+wer vhall pa) the amount of :dl m++rtgage in.ur.u!<< pretniuntc In the
n-anner pr.+vhlc.l under paragraph 2 hereul.
Am' :umulntc disbursed by I ender purcu:utt to this paragraph 7. with uttercct thereon ch:dl hec++nle addih/ut;ll
in.lehrednesc ++f Bormwer verumd by this \langage. t'nlesc Barn+wer :unl I en.ler .Igrre to other term. of pa~menl, wrh
:unulntts .hall f.e pa~;lhle ul>,u; nhliir frl+m 1 ender to B++rruwer rcyuesting pavntent there.+1. and ch.lll hear intrrect fmm the
Jatc of Ilishurcement at the rite pacahk fnan time h+ time .m uutctanding principal under the !vote unless p~yment of
interest :U such rite ++ouhl t+c rl-ntr-.tn• to applirahlc Llw. in ++hich event cnrh am.+untc vhall hear inte[(;d nl the itighect rate
permissible under applirahh la+s. ,I+thing r++nt:-ined in this paragraph 7 shall rcyuirc I cndcr to incur an}• cs{xn+e or take
.uty anion hereunder.
R. Inspcclion. I cndcr may make or rauvc to Ix' made reaconahk entries upon and incpectilatc of the Pmpcrty. pn.vided
that 1 cndcr shall rive Borntwer notice pri+-r to am• such incpertion specifying rrasonahlc sauce thcrefl+r related to I cndcr'.
intetect in the Property'.
9. Condemnation. The pn•recdc of any award or claim for damages. (litrrt or +•.utseyuential. in connection with am•
condemnation or other taking of the Property. or part thereof. or for rl+m•cyanre in lieu of ron(lemnatil+n. are herrM• assigned
an.l ch:dl he paid to Lcndcr.
In the c+•cm of a total taking +-f th;: Property. the pnrrceds shall he appticd rt+ the come secured hr this \lortgage.
with the e~recs. if am•, paid to Barr.+++•er. In the cvcm of a p:utia) taking of the Properly. unksc Borro+srr and 1-cndcr
otherwise agree in-+vriting. there chill he applied to the come secured by this \11+rtgage such pn•portion of the proceeds
as is cyual to that prop.+rtion -+hich the. amount of the citms secured by this \lortgage immediately prior to the date of
taking hears to the fair n~rket +•alue of the Pmperty immediately priix to the (late of taking. ++ith the hafanre of the proceeds
p:ll(1 tl+ B(lrrowCr.
If the Property is abandoned by Borm+cer. or if. after n.+tire M• I cndcr tl. Rorn+w•er 1ha1 the rnndcmnor offers to make
an avian) or settle a claim fur d:una~:ec. Rarmwer fails to reslxatd to 1 cndcr ++ithin zfl days after the date such notice is
mailed. ).cndcr is authorized to collect and apply the pn-reedc. at I ender's option. either to restoration or repair of the
Property ar t.. the cum. secured hs this ;\iortg:(cc.
l!nless I.cnder and Bornnvcr otherwise agree in ++ritin!•. an+• .urh applirati++n of pn-cccds to principal shall not c~tcnd
or postplatc the due date of the monthh• installments referred to in paragraphs 1 and ?hereof or rh:utge the amount of
such instalfinenK.
10. Borrower tint Released. Extension of the time fur payment or modification of amortization of the wmc secured
M• this !~furttaee eranted hw ).cndcr to am• arccccu-r in [merest of Burrower .hall not oper:Ne to release. in any manner.
the liability of the orieinal Borrower and Borrower's successors in interest. Lender shall nut he required to commence
pnKCCdln_L`+ against inch urcrescor or refuse (o extend time for payment or othcn+ise m(.dify aml-rtizatilm of the sums
secured by this Mortgage by reason of am• demand made by the orieinal Borrower and Rormwer c ulccess++rs in entered.
11. Forbearance by Ixnder \ot a VYaiver. Ant furl-earanre hw l ender in e~crcising any right or remrdv hereunder. or
otherwise atiorded by applirahle law. ,hall not he a waiver of or preclude the exercise of any .urh right or remedy.
The procurement of insurance or the payment of Saxe, or other lien. ur rharge~ he [.ender .hall not F-e a ~+:ri+•cr of 1 ender's
right to accelerate the maturity of the indchtednrsc se_ured by this Mortgage.
12. Remedies ('emulative. All remedies pn•vided in this \lartgagc arc distinct and cumulative to anc other right or
remedy cndcr this Mortgage or alTurded hw law ur cyuitv..uu) may Ix evercise.l r.+ncurrenth•. indcpcndently or snrresciveh•.
13. Successon and atisigns Bound: Joint and Se+erdl i.iahilih; ('aplionc. The c(ncnants and agreemenh herein
rontainc.i shall hind. and the riehtc hereunder shall inure to. the resltertive successors ;Ind acsigm of Leruler and Borrower.
.object to the provisions of paragr-.Iph 17 hereof. :VI atven:+nts :uul agreemcros of Burnncer sh:+Il he j.+int .Ind several.
The captions ;md heading. of the paragrlphs of this \lorteagr are for cun+•enicnce only :m(i arc not to Ire need to
interpret or define the pm+•icions hereof.
14. notice. Except for any notice required under applicable law t++ he ~i+•en m another manner. (al an+• notice to
Borrower provided for in this MortgaYC shall F+e given by mailing such notice he certified mail addressed to Borrower at
the Property Address or at such other address ac Burrower m:lv (Iesienate by n+aire u+ I cndcr ac pnlvi.kd herein. and
(h- am notice to Lcndcr shall he gi+•en by rcrtificd mail. rearm receipt reyueste.l. t.+ 1 ender'. ad.lresc stated hereilt or to
.urh other address as Lender may designate by notice tl. Born+wer ac pro+ide.l herein. Ant notirr pn.vide.l fur in this
~1ortg;lge shall fk deemed to have been gi+•en to Borr~wrr or I coder when gwen in the manner design:ded hcrrin.
15. L•niform ~U/rtgake: Governing f.rw: Severahilih. this form of mortgage combines uniform rovcn:mts for national
use and nun-uniform c.++enants with )[mile.) variations he juns.ii~tiun t.+ iunstinrte a unifornt scr!Irih• instrnment rm•cring
real property. This ~k+rtgage tihall Fx: gocented by the law of the iurisdirli~+n in which the Property i. )orated. In the
event that anv pro+•ISiun ..r clause of this Mortgage ur the ~~+te runllirts with applirahk law. such conllict sh:dl nut affect
other pn+ci,i:+ns of this Mortgage or the ~otr whrrlt ran h. given ctkct ~+i!hu;rt the rontlirting pnnision. and to this
end the pnnisiuns rf the Mortgage :uui the \ute arc deriared t+• l+e severahk.
16. Borrowers ('opy. Borrower shall hr furniche.t a ~.ml.+rnted ropy of tfir \o[r.and of this Mortgage at the time
of execution or after rerordaion hereof.
17. Transfer of the Proper)}: astiumpti(-n. If all ++r am p.lrt of the Property or an interest therein is s++ld or trancferrcd
h+' Harrower ++ithuut I.rndrr's prior written iomrnt. r~:ludinL ia- the ~rratiun of :+ lien or cnrumhranc~ subordinate to
the-. ~lurtgage, th- the creation of a ptrrrhase ntunev security interest f.+r h!alsehold appliances. tr- :! Irancfcr M• devise.
descent or hr aperatirnt of law upon the death ut a j~+int tenant ur fdl the grant ..f am Ie:+cehold interest of three years or lest
not containing an option to purcfiacc. I cndcr rnac.:~t 1 ender'. upUun. declare all the sums secured by this ~turtgagc to he
imme.liateh due and payable. I cndcr shall have w:nvcd such rption tx+ acreleratc if. prior t.• the .ale ar transfer. Lender
an.l the person to whom the Pmpertc is tr Le sold ur tramferrcd reach agreement in writing that the credit (.f such person
is satisfa:tor~ to Lender and that the intere.t payable on the wms secured by this Mortgage shall he at such rate ac I-ender
shall request. If lender has waived the option to accelerlte prrn•iaed in this paragraph 17. and if B(.rrower'c successor in
interest has executed a written assumption aereement accepted in writing M• Lcndcr. I.cnder Shall release Borrower from all
uhligatiom cndcr this Mortgage and the !vote.
If I cndcr exercixs such option to arrelerate- I cndcr .hall mail Burrower notice of acceleration in accordance with
paragraph Id hereof. Such notice shalt pnwide a perio(I of nut Iecs than 3f1 day. from the date the notice is mailed within
w-high Borrower may pay the stems declared der. tf Borrower fails to pay curb alms prior to the expiration of tiuch period.
-cndcr ma+•, without further notice or demand on Borruwrr. invoke am remedies nermittei hw paragraph I R hereof.
Nom-U~ttot(xt CO+'E\ANT5. Borrower and Lender further covenant and agree as follows:
18. Acceleration; Remedies. Fzcept as provided in paragraph 17 hereof, upon Borrower's breach of any covenant or
agreement of Borrower in this Mortgage. including the covenants to pay when due anc• sums secured by this Mortgage. Lender
prior to acceleration shall mail notice to Borrower as provided in paragraph 14 hereof specif~~ing: (1) the breach; 12) the action
required to cure such breach; (31 a date. not less than 30 days from the date the notice is mailed to Borrower. by which such
breach must be cured; and (4) that failure to cure such breach on or before the date specified in the notke may result in
acceleration of the stems secured by this Mortgage, foreclosure by judicial proceeding and sale of the Property. 71te 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. [.ender at Lender's option ma} 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. rcasona6le attorney's fees.
and costs of documentary evidence, abstracts and titk reports.
19. Borrower's Right to Reinstate. Notwithstanding 1.ender'c acceleration of the sums secured by this Mortgage.
Borrower shall have the right to have anc proceeding, Ixgun by 1-ender to enforce this Mortgage discontinued at any time
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