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Lc~hde~'s written agrcement o~ applicable law. Bo~~owcr shall pay the amou~t o[ ali mongsje insu~ance premiumi in the
man~e~ p~avided under parag~aph 2 hercof. .
/1ny amc-unts dithursed by l.eode~ pursuant to thi: parag~sph 7, with interest thereon, shall become sdditional
in~febtedncss af Bo~rowe~ securcd by Ihis Morlgage. U~leu 8ortower and Lender agrce to othtr temns of paymeot. such
amounts shall be payable upc~n nc~tiee trom I.ender !a Borrawer ~eques~ing payment thereot, and sh~ll bear interest from the
date of dixbu~sement at the rate payable irom time to ~ime o0 outstandina principal un~~ the Note unless payment ot
intercst at such rate would be controry ta applicable law, in which e~ent such amounts shall bear interest at the highesl rate
permissible under applicable law. Nothing contained in this parag~aph ~ shal) requirc Lender to incur a~y eapense or tske
any action hereunder.
a. Iaspectioe. i_ender may make or cause to l+e made reatanable en~~ies upon and inspections ot the Prope~ty, provided
that I.ender shall give Borrower natice prior to any such inspection specitying rcasonable cause therefor related to Le~der's
interest in Ihe Property.
9. Coademnatbn. The proceedc of any award or claim fo~ damages, dirce~ or consequential, in connection with aey
condemnation ar other taking of the Property, or pan ~hereaf, or fo~ conveyance in lieu of condemnatioo, are hercby auigned
anJ shall be paid to [_ender.
In ~he event of a total taking of the P~oper~y, the proceeds chall be applied lo the sums securcd by this Mortgage,
with Ihe ercea, if any, paid to Bormwer. lo ~he event ~f a partial taking ot the Property, unless Borrower a~d Lender
uiherwice agree in wri~ing. therc shall be applied to ~he sums secured by this Mortgage such proportion of the proceeds
as is equal ta that proportian which the amount of ~he sums ~ec~ired by this Mohgage immediately prior to the date of
~aking bears to the fair market value of the Property immediately prior to the date of taking, with the balance of the praceeds
paid t~~ Borrower. ~
if the Proper~y is abandoned by Barrowe~, or if. afte~ natice by I.ender to Bortower that the condemnor offen to make
an award or set~le a claim for damages, Borrower fails to respond ~o [.ender withio 30 days after the date such notice is
mailed. I.ender ic aothorized to callect aod apply the proceeds. at 1_ender's option, either to restontion or r+epair of the
Propeny or to the sums zecu~ed by this Mortgage.
Unless t.ender and Borrower othervvice agree in writinc. any such application of proceeds to pri~cipal shall not extend
or poctpone the due da~e of Ihe monthly installments referred to in paragraphs 1 and 2 hercof or change the amount of
cuch inslallments.
10. Borro..er Not Released. Extension of the time for payment or modification of amortization of the sums securcd
by thic Mortgage granted by l.ender to any cuccessor in interest of Borrower shall not operate to rcleau, in any manner,
the liabilit~• of the original Borrower and Borrower'c successors .in interest. I_ender shall not be required to commence
pr~keeJings against such successor or rcfuse 1a extenJ time for payment or otherwix modify amonization of the sums
tecured by thic Mortgage hy reason of any demand made by the ori¢inal Borrower and Borrower s successors in interest.
I1. Forbeannce by I.ender Not a R-dver. Any forbearance by I.ender in exercising any right or rcmedy hercunder, or
.~therwise afTorded hy applicahle law, shall not be a waiver of or preclude the exercise of any such right or nmedy.
The procurement of insurance or the paymenl of taxet or othe~ lieos o~ charges by I.ender shall not be a waiver of Lender's
right ~~ accelerate the maturity of the indebtednecs a•cured hy thi~ Mortgage.
12_ Remedies Cumulative. All rcm~dies provided in this Mongage arc distinct and cumulative to any othtr right or
remeJy under this Martgage or afforded hy law or equity. and may be exercised concurrcntly, independently c+r successively.
13. Successors and Assi~as Bonnd; loint and Sereral i.iab~'llty; Captions. The covenants and agreemenls herein
contained shall bind, and the riRh~s hereunder shall inure to, the respective succecsc~rc and assigns of Leoder and Borrower,
subject to the provicionc of paragraph 17 hereot. All covenants and agreementc of Borrower~hall be joint and sevenl.
The captions anJ headingc of the paragraphc of Ihic Mo~tgage are for convenience only and arc not to be used to
interpret or define the provisions hereof.
14. Notice. Excepl for any notice req~~ired under applicable law to be given in another manner. (a) any notice to
Borrower provided for in ~hic Mortgage shall be given by mailing cuch notice by certified mai) addressed to Borrower at
the Prapert~ Address or at sucfi aher addrecs as Borrower may designate by no~ice to Lender as provided herein, aod
Ibl any notice to LenJer shall he given by certified mail, re~urn receipt requected. to l ender s address stated hertin or to
~iich other address as I_ender ma~ designate by notice to Bormwer as provided herein. Any notice provided for in this
Mortgage shall be detmed lo have been givcn to Bormw•er or I.cnder w•hen given in the manner designated herein.
15. Uniform Mort~a~e; Gorernin~ Law; Severabilif~. This form of mongage combines uniform covenants for national
use and n~in-uniform covenants with limited var~ationc hy jurisd~c~ion to constitute a uniform xcurity instrument covenng
real propert~~. This Mortgage shall be governed hc the law~ of the jurisdiction in which the Propetiy ic locattd. In tho
event ~hat any provision or clauce of thic Mortgage or ihe Note conflictt Nith applicable law, such conflict shal) not affect
~~ther provisiont of Ihis Mortgage or the Note wh~ch can be. given etTect wi~hout the conflic~ing provision, and to this
end the prm~icions of the Mortgage and the Note are Jeclared ta he severable.
16. eorrower's Copy. Borrower.shall be f~irni~hed a conformed copy of !hc Note and of this Mortgage at the time
of execution or aiter recordation hereaf.
17. Tnmfer of the Property; Assumption. If all or any part of the Property or an interest thercin is sold or transferred
by Borrow•er without Lender's prior written concent, excluding lal the creation oi a licn ar encumbrance subordinate to
ihic Mortgage. (b) the creation of a purchase money cecurity interest for household appliances, (e) a transfer by devise.
descent or by operation of law• upon the dealh of a joint tenant or (d1 the grant of any leasehold interest of three yean or less
not containing an option to purchase. t_ender may, at Lender'a option, declare all the sums secured by this MoRgage to be
immediately due and payable. I.ender shall have wai~ed a~ch option ta accelerate if, prior to the sale or transfer. Lender
and the person to whom the Property is to be solJ or transferred reach agreement in writing that the credit of such person
~K~N'lf~y~ If l.ender h~~~}~J~~~~~~~~/~I~~~~~~~~f a ~~a ~~~~~~orr/ o'f ~~~su~cfc~~ie
ne opt' p ni pa g p
interest hac executed a written assumption agreement accepted in writing by Lender, Lender shall release Borrower from all
obligations under this Mortgage and the Note.
If [_ender exercises si~ch option to accelera~e, 1_enJer chall mail Borrower notice of acceleration in accordance with
paragraph 14 hereof. Such notice chall provide a period of not less than 30 days from the date the notice is mailed within
which Borrower may pa~ the sums declared due_ If Borrower fails to pay such sums prior to the eapiration of such period,
Lender may, without furiher notice or Jemand on Borrower, invoke any remedies pcrmitted by paragraph 18 hereof.
Norr-UNiFORM CovEN~NTS. Borrower and l_ender further covenant and agrce as follows:
t8. Acceleratioa; Remedies. Except as provided in paragraph 1~ hereot~ upoa Eorr+awets breacb of aay co~eeaN or
agreement of Borrower in this Mortgage. including the covenanls to psy when due soy snn~s secured bf t6is Mort~a~e, I.e~der
prior to accekntion shall mail notice to Dorrower as provided in paraRrsph 14 hereof spec~yiu=: (1) t6e brtacb; (2) t6e aetio~
rcquired to cure such bresch; (3) s date. not kss than 30 days trom the date the notke i: mailed to Sorrower, by whkb sac~
breach must be cnred: and (4) that failurc to cure such brcach on or befon Ibe date speci6cd i~ tbe ootke ~sy res~lt i~
sccekrstion of tbe snms secnred by this MortRsae. toreclowre by judkial proceediua aad sak ot tbe Prope~. 11e sotiee
shall turther inform Borrower of the ri~ht to reinstste dlcr sccekrstion snd the ris6t to a~sert iu tbe forealowre ~nncadi~
the noA-existence of a defanN or any other defe~e o~ Sorro~+er to ~cccknKon and torcelowte. ii' tbe bre~eb 4 sot c~ec~ o~
or betore t!-e date specified in the notke. Lender at Lender's optbn msy declare all oE tl~e sen~s secercd by t64 Mortsa~e to be
immedjatcly due and payabk withoot furtber demsnd snd may torcclose thk Mort;a~e by judkial'roe~ed~. Lader s6a11
be entided to collect in wch proceedin~ sl! e:peases of foreclosnre. Includfui~ b~t eot Waitcd to, reawwabk attone~s tas,
and costs ot docu~aenlary evfdence. abstracts and tiNe reports.
19. Eorroaers RiRht to Relmtde. Notwithstanding Lender's acceleration of the sums securcd by this Mortaaae.
Borrower shall have the right to have any proceedings hegun by Lender to enforce this Mortgage discontinuod at aoy time
Adds~d~~ to P~ra~ra~r 15. The state and tocal laws spplkable to this mortgage shall be the laws ot the jurisdictbn in
whkh the property b Iacated. The loreguing sentence shall not limit the applicability ~6fE{~a PA~E~~'J~~
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