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Lcn3e~'s wntteo aarocm~m or appl~cabk law_ Botrower shal~ paY tAe imouM d ap mcxtp`e insurance ptemiums in the
manner pr..v~drd undet paraaraph 2 heroot.
• Any amaintc d~tiM~rsed by I.cnJet pu~~ant to this p~aaanpA 7. ~r~th ~atercst Ihe~eoe. sha11 beco~ne sdditional
inJch~edn~sc of &.r~owcr tiecured hy thn NonRaae. l.'nlc~t 8arr.~er and I.cmkr aarce to other terms af payment, wch
amcx~nts shall hc payaMe upon rw,~k-e (rc.m 1 ender ~o Borrowc- rc~u~stin6 paymeot thercot. and shall ~ intenst fm~ tht
date at dicbu~xment at the qte payaM, (rom time to time ai ocnstar~ins pnn~ip~l ueder d~e ~I~ok w~1as pa~t oi
interest at such ra~e would be contrarv t~ applicabk law, ;n which eveot wch amounts shall beu interest at the hi~l~st nte
Permiut~bk unde~ applicabk Iaw. NcNhing c.•ntained ~o ~his pa~a6raph 7 tha11 ~cquirc 1_en~ to iatur aay esptene or take
any attia~ hertutder.
~. l~ertiN- 1-ender may male M r~~~x to t+e made rcasonabk entries upoo and inspections d tbe Pr~opeAy. provided
that I~tnder shall ~ive Borrt~wer ncxK-e prN.r t~ anY a~ch ~nsptctan spocit~nna R~,e~e c~~e cr~«~ra ~eea ~o i.~a~r:
inlerest i~ the Proptrly_
!. C~, ~ proc+eeds ot aMr award or claim tor dams~es. direet a oo~oq~ential. in oo~nectjoa with ~anp
ca~demnatioe or aha hkin6 of d+e Propertp. or pa~t tAercof, or tor oonrcpanoe iw lieu d ooodanoatioa. are beee~r ~sqoed
and shall be paid to i.ender.
in the eMa~t of a tatal~ akina of the Property. the proooc~ds sl~ap be appiied to the swns xcured ~r ~his INo~qsae,
with the esoess, if any. paid to 8orrcwrer_ le the event ot a putial tatiu6 ot the PropertY. ueless Borrower and Lp~der
ahtrwise asroe ie wri~in~t. thcre shall be applied to ~he sinns xcured b~r this 1Mort~ase such proportion of the qooeod:
u is ~qwl to that proportioe which tAe amount c+t the wmc seni~ed bp this Mortaa~e immediately prior to the date of
takina bears to the fai~ markd va1u~ of thc property immediatcly prior to the date o( takina, vrith the balanoe of the proceeds
paid to Borrow~er.
~
It the Propt~ty is ahandoned b~• Borrower. c•r if. after notict bv Lender to BoRO~rer tha! the condem~ dfers to nfatt
an award cK settk a claim for damaee~_ &~rr~v-•er fa~h t~ rtcpond to Lendcr within 30 days aftet the date wch notiet is
maikd. Leoder ic authexued to cc+lkrt and a~+ly the proceeds~ u Len~kr's option. eitlx~ to rataation or nepait ot tbe
Propeny o~ to the sums securcd b~• this ~lortgage.
Unless Cender and Borrov-~er dherrri~e agrte in writ~ng_ any wch application of proceeds to prieicipal shall not eutet~d
or postpone the due date of the monthl~ instaltments r~femed to in para~spht 1 and 2 heteot or chan~e the amount of
such insullments.
l~. ~rower Nw Rekascl. Eatrnsion ot the time for payment or modi6cation of amortization of the wms so~wred
by this Mortgaae annted by Lender to aoy wooessor in inte~cu of Bomower shall rat operate to reksse, in any manner,
the liabili~y of the original Boirow~er and Bnrrawer e succeswrs ;n interest. Lender shap not be r+equind to commence
proccedings agai~st wch uxceswr or rcfuse to eztend time fot payment or dherwise rtadifp amortizatan of the sums
secured by this MortgaEe by reason ot any demand made b}~ t!K ori=i~al Bortower and Borrower s succes.wrs in intenw.
11. Fo~iesra~ce i~ I,e~ier l~at s Wairer. Any f~rl+earanct M i_ende~ in e~ercisina any riEht or nmedy i~ere~mdet, ot
othe~vvis~ aftorded by applicabk li+v_ shall ncw be a ~-airer of or preclude the exercise of any such ri~ht or remedy-
The prceurement c-f insurance ~ the p~yment of tates or aher liens or char6es by ~ender shall not be a araiver of I~eedei's
right to accekrate the maturity of the ind~Mtdness cecutrd h~ this Mortsa~te.
12. Rewedies Caw~e. All rcmedies prnvided in this Mortaaae arc distinct and cumulative to any olher riaht or
rcmedy under this Mort=~ae or afFc+rdcd Iy bw~ or equity. and may be etercised coocurrtntly. independenlly or successfircl~--
' 13. Sreces~as a~i A~s ~ J~i~t si Sereral I.~iilY; Ca~lf~as The covcnants and aareemrnts herein
contained shall bind. and the ri~hts hcreur~der shall inure to. 4he respectire weoessors and assi~~ of Lend~r apd Borrower_
subject to the provisionc of para~traph 17 he~c+of_ All eoremms and aErcemenK of -Borrowcr shall be joi~y and seYeral.
The caqions a~ he~~nas of the para~traphc of this Mort~a~e ue for ronvemeoce onl~r and are not to be used to
interpret ot de6ne tife provicions hcreti-(_
11. Notke. Eacept for any nc+tice rcquired under applicablc law to be aivrn in andher manner, (a) any notice to
Borrower pr+ovided (or ~n this Mortgaee shall be 6iven b~ ma,ling' wch naice by certiRed mail addrcssed to Borrower at
Ihe Property Address or at wch dher addrcsc x Borrnwrr mav des~anate br naiee to I_ender u provided herein. and
(hl any notice ~o Lender :hall he ~tiven by certificd mad. return rece~pt rtquested_ to I eoder s address s~ated hetein ot to
such other aAdrcss u Lender may decitnate b} rwaice to Bcxrcr.cr u pro.~ded herein_ Any notice prorided for in tlus
Mongage shall be deemed to havc t+ern ~~ven to Bc-rrcw-e~ or Lender whrn a,ven in the manner desi6nated Aerein.
1S. U~itor~ Mat~a~e: Go•ersi~ Lsw: Serera6if~. Thn torm ot nartp~e combines unitorm cornenants for ~ational
use and non-uniform co~•enan~c v.ith IimiteJ ~•ar~at~ons h~~ ~ur~sd~ction to to~titutt a unifotm saurity i~trument ooveri~
real p~operty. This Mongasc shall be go~erned b~ the law o( the jurisdiction in which the Property is located. In tht
~vent that any provision c.r cla~rse of ehic MortEa3e or ~he !~ott conflicts Nith applicabk lawr, wch conAiet shalt not alket
aher provisions of this Monga~e or ~he hote wh~ch ca~ be 6iven eBect wi~hart the oooflictin6 provicion, and to this
end the provisio~s o( thc Mortgaae and the ~iae arc Jeclared to be strenble.
1f. So~sower's Co'y. Borroucr shall bc (urn+cl~ed a conformcd copy of the Nott and oE this MortEa~e at the tie~e
of ezecutiori or after recordation F~ereof.
17. Tra~ster of t~e rro'e~iw As~ww~tiow. I( all or an~• paA of the Property or an interest thercin is sdd or transferrod
by Borrower rr~thout [.ender's prK-r v-n~r.n ~.~nsent_ tuludin6 (al the cr~ation of a lien or encumbnnce s~ordimtt to
this Mortgage. (b) the creat~on of a~+urchace m~nea• ~erurity ~nterest fcK hanehofd appliances. (c) a ~nnsfer hy devise.
descent or by c~peraiion of law upon the ~ieath of a jeWm tenant or (d- ~I~e grant ot anY kasehold iMeresi of thret years or kss
rat cont~in~ng an op~ion to purchase. Cender ma~. at 1_ende~'s optwn. declarc all ~he wms securod by this Mort6a~e to be
immcdutely due and pa~able_ Ccndcr thall ha•e M~~.cd uKh opt~on to a::elerate if. prior to the cak or transfer, Lender
and the person to w~hom the Propcrt~ h~.. bc :o{J cx tn~slerrcd rexh ~arc~ment in writin6 that the crcdit ot cuch persoe
is satisfxtory to i_ender and tha~ the in~cr~.~ pa~~bk on ~he sums securcd by this Mortaa~e shall be at such rate ac Lender
shall request. If I_ender has waivod thc opion ~o xcekr.te provided ~n this pansraph 17. and if Bormwer's successor in
interest has exetuted a w~ntten uwmp~~on agrcement acceptod in writ~r~ by Ctndet. Lender shall rckase Botrower frc+nA all
obligatwns under ~h~s Mongage and tbe Nc~e
if Lender eaerciscs such opt~on to acceknte_ Lender eMall nuil Borrov.er notice of ucekntion in xrnrdancr wi~h
paragraph 14 heroof. Such na~ce shall prov~de a penod ot na kss than 30 days fram the date the notice is maikd within
which Borrower may pay the wms declared due It Borroaer faik to pay wch wms prior to t!u tapintiore of cuch period,
l.ender may. without furthcr nouce or dcmand on Horrov-rr_ ~nvoke an~ rernedies petmitted by paragrspl~ 18 I~ercof.
NO:V-UNIFO~IN COVENANTS Borrower and l.etder (unher tovenant and apee as Idlwrs:
It. wcceleratios: ec.~e~ies. Esce~t as p~o.i~eJ i~ ~nN ~7 ~e.s.t. .M. I.m.~nr: reex~ o~ a.f c..e.~wf .r
a~reewe.t ot ~orrower ~ tris M«t~a~e. j.cl~'i.~ ~e c..stn.rs a~ w#e. aoc a.~ ss~s sec~ y uts Mwq~aRe. i.e~ier
'rior 1e secelerstio~ sW w~ail ~otice eo sorrvwer as'n.i~c! i~ pra~~ 11 bereo/ s~scit~: ~Il /~e ~es~l~: (2) tbe setle~
rqdrea b c~re ssc~ MracM:/3) s i~1e. ~ol le~ ~ 3~ dafs (ro~ t~e Lle Ire ~Mice b waile~ M i~er~wer. b wbicr s~eY
bltat~ ~d `! ~M'td' ~a (I) /~ ~R N t~f! f~t~ ~fl1[` N K ~Mt f`! +r! f/!l~t, ` t~! ~Of~[t ~fr f!~ ~
•[~tjl~lOA Y~ 1`t f~S ftC~f't~ h 1`K MOf~l~ ~N~! ~~[~ ~ r+ fr! ~ 1~t ~lffy. 1~! ~~L't
f~r ~f~~tf I~Of~ ~~Owt~ Of ~! f~M 10 RI~! ~1['I ~[t'!~N ~~ /`! f~1 M~ff ~ 11t ~M!!~! ~!!!~
f`! ~-llillAlt O~ S~~~ O/ ~y Of~l~ ~l~it ~~M~lf M S[Y'!~lf~~ ~~ ~M'!~~l. M 11! ~fl1[` ~f M~ !N!~ M
Or ~Of! fw! ~flt ~'~!, !~ ~t AOf~fl. ~.t~tr ~ ~.l~li~f ~~ ~') ~'!~! + ~ ~t ~ ![!~!', y IVi ~! ~ ~!
~.Ka~ey~ a.~ ~ pr~ ..~« r.~~. ~.~aa ~.s ~ r..K~..e sk M«4~ b~.seW r~a.~. I.euder a~
be e.titler a coiea~t i. srci MoceciwR a/ ~'e.ses ut f.recb+we. f.cl.ii~. ~.t .N i.i~e~ N. rew.~Me sn.Nwer~s fees.
a~i cosfs of rst~a~ewtarp erYe~ce. abstr~cts aw/ ~illr reprts.
1~. ~om~we~'s R~Mt N Rei~tate. '•Vdw~thcland~ng I tndtf S xcekra~~on of ~he sums secured by th~s Mort~aae,
Borrower shall havt the n6ht to ha~•t am (KOCtadm~c hc~.un b~ Lcnder to cn(orct thn M~-rtE~se d~scont~nued at any bme
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