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I.enJer's wnuen •agrccmcnt ur appl~rable lew. Hu~rower shall pay t~e amuum of a1) mortgage insurance prcmiums in lAe
mannrr pruv~dcd ui-dcr parag-aph 2 hereof.
Any amo~~nts dichursed by I.cnder punu~ol 1u this parag~aph 7. wilh intcrest thereon, shall become additional
indehtrdness o( Rnrrowcr ucured hy th~~ M~~rtkagc. Unletis aarruwcr and ! rnder agrea to~other tarnn oF payment, such
amounts shall he payablc u~n nu~icc fr~m I.rnde~ to &~rmwrr rcyue~~ing paymen~ 1fie~eof, and shal) bear intercst trom !he
date at disbursemenl at the r~tc pay~Mc t~om time to ~ime un o~qstanding principal under the Note unkss p~'~a-a~t of
interest at sucfi rale woulcl be cunt~arv ~o applicahle law ~n which event ~urh amounts shal) bear ioterest at the hi~hest rate
permissihk unde~ a¢pl~cahle law. Nuthing comained in Ihic pa~agraph 7 shaU requirc I.ender to incur any expense or take
any action hcreunde~.
8• lespecfion. I enJer may make o~ cau+e io M: made reaconable cn~riec u~x-n and inspoctions of the Prope~t~t. p~ovided
that l.ende~ shall Riv~ &,rrower notice p~i~~r to :~ny cuch inspection cpeci(ying rcasonabk cause thercfor related to I.ender'a
interest in the PropeNy.
9. Coademnatian. The pmcec~lc ~~f any award or claim for damaees. direct or consegueotial, io comtoctiot~ with any
condemnation or olher ~ak~ng of Ihe Property. or part there.~f, or for ronveyanre in lieu of condemoation, arc hereby usiaoed
and shall bc paid ~o l.ender.
In ~he event of a total faking of the Propc~ty. Ihe pr~k~eds ~hall he applied to the sums secured by this Mottaa~.
with the exctss, if any, paid to Born+wer In Ihe event of a parlial laking of the Praperty, tt~lesc Borrowe~ a~d Gt~der
c+therwise agree in writinR. there shall be appt~ed to ihr ~umc ucurcd by thi~ Mortgage such proportion ot Ihe prooet~s
as is equal ta that p~o~rtion which thc amount ~.i ~fic sumc kc~ired by ~hii Mortgagt immediately prior to the dste of
~aking bcars to the fair market value of thc Pra~x:r~y ~mmeJi~tcly p~ior to the date ot taking, with the ba{ance of tha proceeds
paid to ~orrower.
f! thc Property i~ ahandoncd bv B~x.aN~cr. ur if ,~fter nolice hv I cndcr to Borr~~wer that the condtmnor offers to malce
an aw~rd orcdde a claim for d;~m,-~c.. Aorrower ia~l. ~~~ rr~~~~nd to f ender wi~fiin 30 days a[ter the date such notice is
mailed. I.en~er ic a+~~horized to rnllect and applv the proceeds. at I.ender'.s option, tither W ratontion or ttpaic oI the
Proprrty or h+ Ihe surt~c secured hy ihis 1NoriRage.
U~lesc ! ender and Borrower otherwiee agree in writ~nc. any ~uch application of prc~ceeds to principal shall not eatdld
o~ pcxtQone the due Jate af the mon~hlv ins~~llments ~cferred 1~ in paragraphs 1 and 2 hereof or changt i}~e amount of
su~:h ieslallments. .
10. ~orrower Noi Released. F~tencion of ~he time f~ir payment or modifica~ion of amortization of the sums seeured
by this Mortgage granted hy l.ender tc. an< <uccecso~ in interesl of Botrower sha11 no~ operate io release. in any manner,
thc liabiliry of the original Borrower and Rrrrow•cr'. succescort in i~terat I.ender shall not be eequircd to commence
proceedings against sach successor or refuce to ertend time for paymenl or othenvi~e madify amortiution of ~ht sums
xcured by ~his Mortgagc by reau-n of .~n~• demand made b~~ the ~~ri¢~nal Borrc-wer and Borrower's wecessors in iMerrct.
U. Forbeusnce by l.ender Not a Waive~. An~~ fc.rhearance hy 1 ender in e~ercising any right or rcmedy htroundtr, or
otherwise affordcd hy applicable law. shall not he a waiver of or preclude the exercix of any such right or cemedy_
The procurement of insurance or the payment of tares or other liens or charges by I.ender shatl ~ot be a waiver of Lender's
right to aceelerate the maturiry of the inekbtedne~s Kcurcd hy ifiic Mongage.
12. Remedks Camulati~e. All remeciia provided io this Mortgage are disti~ct and cumulative to any other ri~ht or
rcmedy under this Mortgage or afiardcd t~y law or equity, and may he exerciud concurrenUy, independenUy or successively.
' 13. Sticcessors and AssiRas Bound: Joint snd Several I.iaM'lity; Csptbns. The covenants and agreements hercin
contained shall bind, and the riRhts hereuader shall inure to. 1he respective successors and assigns of Lender at~d Borrovrer.
subject to the provi~ions of paragraph t~ hereof All covenanls and agreements of Borrower shall be joinj a~d several.
"il~e captions and headings of the parsgraph~ ~f ihic Mortgage are for convenience only and arc not ta be used to
inte~pret or defi~e the provisions hereof.
l4. Notire. Except for any noti~e req~iired under applicable law to be given in another manner. (a) any notice to
Borrower pSovided for in this Mortgace shall tx given hv mailing such ~otice by certifled mail addressed to Borrower at
the Property Addresz or at such other addrecc as B~rr~~wer mav decignate by notice to T_ender as provided hercin. and
(b) any notice lo Lender shall he gi.•en hvi cert+ficd mail. retum receipt reques!ed. ta I enders address staled he~ein or to
such other• address as Lender may deciqnatr hy n~tire 1u Bormw•er as provided hercin. Any eotict provided for in this
Mortgagc shall he deemed to ha.c bcen Ri~en ~o B~rrow•cr nr I.ender when given in the msnner designated hercin.
1S. Uniform Mori~a~e; CoverninR I.aN; Se.erabilily. Thic torm of mortgage combina uniform covensnts (or national
use and non-uniform covenanic with limitr~! vanahonc h~~ ji~ncJ~ction to constitute a uniform socurity imtrument eoverina
rca) propeny. This Mortgage shall be eoverned hv the law of the jurisdiction in which the Property is located. In the
tvent that any prov~sion or clauce of Ihi~ Mortg:+ge ~~r ~he Note conflicts wilh applicabk law, such eonflict shall not affeet
other provisio~s of th~s Mortgage ~r the Not~ wh~ch c•rn t+e given cSect without the conflicting provicion, and to this
end 1he provisions of the Mortgage and the ~1ute ere ~Irclared to be severable.
16. Eorrower's Copy. Borrow~er shal! tx furm~hed a conformed cop~ of the Note and of this Mortgage at the time
of exccution or aftcr recordalion hereof.
17. ,Tradsfer of t6e Propertv: Assumplioe. It al! ar any pan of the Property or an interat therein is w1d or tnnsfsmd
by Borrower without I.ender's pnor wn~~~n ~unscnt. e~~luding lal the crcation of a lien or encumbnnce subordinate to
this Mortgagt, fb) Ihe creat~on of a purch~ce m~+nev eecurily mterest for houxhold applianees, (c) a transfer hy devise,
descent or by operation of law upon the ~feath of a ja~n~ tenan~ or td~ ~hc grant of any leasehold interat of threc ycan or less
not containing an option to purchase. Lender may. a~ [ encitr's option, declare all the sums yocured by tt-is Mortgase to be
immcdiately due and payable. Lender tihall h~~c Na~ved such option ~o ucelerate if, prior to the cak or t~ansfer. Lender
and tfie person to whom tbe f'ropeny ic t~. bc ,o1J or ~ransferred reach agreement in writin~ that tF~e credit of xuch perxon
is satisfactory to I_enJer and that the interc.t payable on the sums stcured by this Mortgage shall bt ai such rate ac Lender
shall rcquest. If l.ender has waiveci the opti~,n to accelerate provided in ~his pa~agnph 17, and if Borrower's successor i~
interut has exec~ted a written assumption agrecmem accepted in wri~ing by Lender, Lender shall release Borrower frc+m all
oblisations under this Mortgage and tfie Na~e.
[f Lender exercises such option to accelerate. lender chall mail Borrower notice of accekntion +n accordanc~ w ith
puasraph 14 hercof. Such notice shall provide a period of not Icsc th~n 30 days from the datt the notice is mailed wi~hin
which Borrower may p~y the sums declared due. If Borrower fails to pay such sums prior to the expiration of such peric~d.
Lender may, without further notice or demand on liorrower. ~nvolt any rcmedia ptrmitleA by panaraph 18 htreot.
NoH-UN~FORM CoveneHTS. Borrower and Lender (urther covenant and agree as follo+vs:
1=. Actekratb.; Remedia. E:cep as Provided in psra~rsph 17 bered. ~pos Son~a~wers ~arci~ 01 a~y coreuN or
a~reeme~t ot dorrower io t6b Mart~a~e, lwcladin~ tbe co•easnts to p~r wbc~ d~e awy wa~s se~ei ~ t~is Mw1R~C. I.esie~
prior to accelcratlo~ shal! suil ootlce to ~orrower as provided in p~~rsph 141~ereo[ specl~~: (1) tre 6reacM:12) t~e seliew
reqalr+ea ro en+e s~e6 Mrac~; (3) ~ date, ~ot kss t6~n 30 dars twm tbe date the wotkc b~ to ~rower. y' ••~k6 srcU
b~eac~ owt be cssed: aed (4) t4at faLl~re to cnre s»cA brescw o~ or beforc tt~e datc s~ecliea b tbe wotke ~q res~lt is
accekratio~ ot tbe ~s secured by Ihk Mort`a~e. /orecbsure br j~dkial *roesedl~ awa ~ale ot tMe T~+Qpc~. The wotke
sAaU trrtl~er iAtona Eon~ower ot tbe ri~h1 to rel~tde afler sccckrstioM and t6e rishl b areA iw tbe torecbwre ~octei~
11~e ~oe-eskiewct d a det~oM or aor otAer defcnse ot ~orroner to accekrstio~ s~d torecloare. N tbt 6reacM is ~of ewe~ o~
or be[ore the dste speci~ed io tbe aotkc. Lendcr at l.endet's optios w~a~r dect~e sM d ttie wr seerre~ 1~r IW Mort~aRe lo be
ie~~ueaittely dYt as~ pys6k wiNart trtther dem~nd and msy lortcbse ibit Mott~ast ~' J~dicW le~etedi~~R. I.ender daN
be e~dUe~ to tdkd 6~ srt~ froetediw~ ~II t:penses of forecbsrre. hcludiot, brt ~ot ~wilei t~. rta~owa8it stturser't fses.
a~d eods of doer•~e~aary s•idesce. •bstrsca and ~itk rePorts.
19. ~orrowa's Rl~t to Re~tMe. NMwithua~d~ng l.ender's acceleratw~ ot the sums secueed by ~h~~ MortE~ft•
Borrower shall have ~he right to have any proceed~ngs begun hv I.ender to entorce this Mort~ase diuont~oued at anr time
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