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l.cndcr's writtcn agrcrmcnt or applicablc I:~w. HurroKCr shall pay thr am~~un~ c~t all martgagc insurance prcmiums in the ,
manncr pruviJc~l under paragraph 2 hcreoL
. Any amounts di~hurscd by I.rn~lcr purcu~nt tu this pa~agraph 7, with intcre~t ihereon, shal) bcrnmc additianal
in~khicdncss ot BorroN~cr securtd by Ihic Murtgagc. Unlcw RorruW-cr •rn~i Len~tcr agrrc to othcr termc ~f payment, cuch
am~~unts shall he payahle u~xm nc~tirr from I.rnde? tu B~uruHrr reyue~ti~K paymenl thercof. and shalt hear intrrest fmm the
date of di~bursement at ~he rate payaMc trom timr to time o~ outstanding principal under the Nate unlecc payment of
interext at such rate would he contrary t~~ applicable law, in which evem cuch amounts shall hear interect al the highest rate
permissihle under applicable law. Nolhing contained in thiz paragraph 7 shall require I.ender ta incur a~y expense or take
any action hcreunder.
8. Inspecfion. i.en~er may make or rause to he made rea~onable enlrie~ u~n and inspecli~~nc of the Propetty, pmvided
thal I.ender shall give Borrower nolice prior to any ~uch ins~x:ction ~pecifying rc•rsonable cause theretor rela~ed ta [.ender's
interest in the Property.
9. Condemnatbn. The pmceed~ of aoy aaard e~r claim for damaFes, direct or c~~ncequential, in rnnnection with aoy
rondemnation or other taking of the Property, or pan therr~~f, or for conveyance in lieu of condemnation, are hereby assigned
and chall hc paid lo I.endcr. '
ln Ihe event of a tMal taking of thc Pr~perly, the pnxerds chaR he applicd tc~ the cums secured bV this Mortgage.
w~ith the ercecs, if any, paid to BnrmH•er. ln the evem ~~f a par~ial laking e?t the Property, unlesc Bormwer and i.ender
o~herwik; agree in writin~t. there shall he ~~~rea to the ~um~ securcJ hy thi~ Mort~tage such proportion of the praceods
as ic equ~l to Ihat pmportion which the amoun~ af the cum~ .ccurcd by ~his Mortgage immediately prior to the date af
taking hearc to the fair market vatuc ~~f Ihe Pru~xrt}• immediatcly prior 1~ the Jate of laking, wilh the halancc of the proceeds
paid to $orrower.
lf the Pmperty ie ahandoned b~~ Aorrowcr, or if. aftcr noticc hy l.cndcr to Borrowcr that the ~ondemnor offers to make
an award or setde a claim for damaue~. B~?rrowcr fail. t~~ rr~~~nd lo t ender wi~hin 30 days after the date such nolice is
mailed. (.ender is authorized to collect and appl~• ~hc prcx;ecds, at 1_ender'c opdnn. either to recbration or repair of the '
Proper~y ~r lo !he sums ~ccured hy thic Mortgage.
Unlrsc I.enJer a~d Borrow~er otherwice agree in ~~ritine. any wch applicati~n c?f prcueedc to principal shall not extend
ar p~xtpone thc duc date of thc monthl~~ installmcnts rcferrcd to in paragraphc 1 and 2 hercof or change the amoun! of
such installments.
10. Borrower Not Released. F.xtension of the time for pay~mcnt or modificati~n ~f amortization of the ~ums secured
by thi~ Mortgage granted by I.ender t~• any ~ucceti.ar in intrre~t of Aorrow~er ,hall not orerate Io release. in any manner.
the liabili~y ot the original BurmH~er :~nd R~•rmwer'~ succe~ti~~re in interect. (.ender shall not he reqaered ta commence
pr~keedingc againct ~uch sucrccs~r or refuce ~o e~ten~! teme for payment or otherw~ice modify amortization of the sums
secured b~~ thi~ Mortgage b~• reacon a( an}• demand made b} thr ~•rieinal Born~w•er and BorroKer s saccessora in interest.
11. Forbearance by I.ender Not a Waiver. Am• f~~rhearan~e h~• I.ender in erercieing am• right or remedy hereunder, or
otherwise atTorded by applicahle law, thall n~~ he a wai~~er i~( or preclude the exercise of any such rigM c?r remed~.
The procurement ~f insurancc or the payment i~f taicti ~~r ~~ther Genc ur charge~ h}' I.ender ~hall nat he a waiver of I.ender's ~
right t~~ acceleratc Ihe maturity of thc indebtedne~s .~curcd M~ thi~ \lortgaFe.
12. Remedies Cumulative. All rcmeJie~ pr~?~idcd in this Mortgage arc di~tinct anJ cumidative to any ~ther right or
reme~l~• imder thic Mortgage or affordrd h~• law ~~r eyuit}•, and m;ic he rtierciseJ c~ncurrentl~•. independemly or successiveh~.
13. Succecsorc aed Assi~ns Bound; Joinl and Se.eral l.iability; ('aptans. The covenants and agrcements herein
cantained shall hind, and the ri¢htt hercunder shall inure to. the res~.cti~~c ~ucceti«~rt and a~cignc of Lender and BorroK'er.
subject to ~he provision~ of paragraph f 7 hcrcof. .All rnvenams ;tnd agrccmentt ~f Borrou•er thall bc j~int and ~everal.
The captiuns and heading~ of the paragraph~ c•f thi~ Mc~rt~age are fi~r convertience onl~~ and arc ni~t to be used to I
interpret or defi~e the proviciunc hcrenf.
14. ':~otice. Except for any noticc rcyuired und~r :~~ri~~ahlc law tu bc givcn in anothcr manncr. (a) any noticc to ~
Borrawcr prrn•idcd for in thic ?~tortgacc shall Fx givrn h~• m~ilin~ wch noticc h~ ~rrtificd mail addr~sccd to Borrower. at
thc Prc~perty Addre.~ ~r at wch uthcr addret~ ac B~~rr~~ucr ma~~ ~c~ignate by rn~tirc tn I.cndcr as pmvidcd hcrein, and
(bl am• noticc to 1_ender shal) tx g;~~en h~~ certifie~l mail. return recri~t reyue~t~d. a• 1 enJer'c addrecs slated herein or to
~uch uther addrest ac l.ender ma~ decienate h~ n~.tice t~~ Bc.rr~~wer as pmcided herein. An~• notice pruvided for in this
~lortgage shall hc dcemrd to h~~c Mren given t~ Bors~~wrr ~~r I.rnder ~~hcn gi~•cn in thc manncr de~ignated herein.
t5. LJniform MortRa~e; Co~•ernin~: I.aw; Se~erabilih. ~Thi~ f~~rm of mortea~;e rnmbines uniform rnvenant~ for national
use and ni~n•unifurm co~~en~nt~ Nith limite~l variati~~m h~ jurn~hrli~~n t~~ r~~nstitute a uniform security inttrument rnvering
real pmExrt}•. Thic Morlgage shall he g~~v~rnrd h~• thr I:~w i~f Ihe juri~elirti~n in which thc Propcrt}' it located. In the
cvcnt that any provisiun c.r clau~r ~~f thi~ ;11or1~agc ~.r thc '~~~tc a•nflirt. with ~pplicahlc law•. such conRict shall no! affect
~~ther pri~~~itii~~n~ cif thie Mnrtgaec c~r thc Ni~tr t~h~nc ~ar~ hr kiscn ctT~rt ~vi!hc~~~t thc cc~nflirting pm~•i~ic~n, and to this
end the pruvitiiunc of the M~rtgage anJ the `~~I~ :~re ~I~cl;~red ti~ tx tie~•eraMe. ~
16. Borrower's Copy~. Bormwrr tihall tk furni~hr~i a ~cm(~~rmed c~~p~• ~~f th~ Notr an~l ~.f thi~ ~tc.rtgage at the time
uf etecution ~r after rccordation here~~f.
17. Transfer of the Propert}•; A~cumption. If aU ~~r an? ~~.~n ~~f ihc Pr~~Ex rt}~ c.r an interect therein i~ s~~ld ~r tran~ferred
h}• Bormwrr with~~ut I.ender's prir,r wriurn i~~mcnt. e~cluding ~a~ thr cric~ti~.n of lien ~~r encumhrance suhordinate m
thi. Mortgage, Ih~ the creation of a purchacr mi~ne~ ~e~urit~ intrresl f~~r h~i~ceh~~IJ applian,c~. (cl a trancfer M• devise.
de.crnt .~r h}• operation of 1;?H upcm the ~ieath ~~f i~~~~~t tenar.t ~~r hl' the ~~ant c~f ,~m l~aseh~ld inlerest ~~t threc }~eart or IesS
n~tit containing an option t~~ purchase. 1 ender mar. .:t 1 ender', ~~rtwn. dccL~re all thc ~um~ cecured h~• this tilartgage M be
~mm~.ic~tcl~• due and payaMr 1 ender .hall h~~~e tia~~rd .uch ~~ptiun acceter.~te if. ~+rior to the .ale or transfer. I.ender
and thc Fxrs~n to wh~,m the Pmprrt}~ i~ t~~ hc ~~~IJ ~~r transfrrred reach :~crcrmrnt in writ~ng that thc rre~iit ~f tiuch pcrcon
saii~fart~~rc I~~ I,cnJ~r and Ihat the intcre.t pa}ahic ~m thr wm~ tie~ur~d h} thi~ ~lorteage ~h:~ll Fx: at such rate as l.cnder
shaH request. If 1 ender ha~ waiti~e~ the ~~pti~~n t~~ :~crrler,~tr pm~~idrd in thiti paracraph 17_ anJ if Rormwer's suc~essor in
~ntcre~t ha~ cxccutc~l a Nritten as~?imption agreemcnt arcrpird in ~+riting h~• I rn~lcr. Lcn.fer tihall rclcasc Ro~rowcr from atl
uhlig~ti~.nc undcr thi~ Mortgagc and thc'.V~tc.
If I.endcr curcisc~ wch optii.n t~~ ac~cl~r,~tr. i ~n~1ir ~ha11 rnail Hc~rroti+cr nuticc ~~f ar~rlcratinn in ;?ccc~rdancc with
rar.igr~ph ld hereof. S~~ch notice ~ha)1 prov~de :i ~cri~~i1 ~~f ~u~t Iesti th:~n ?fl .la)'~ frrm the date the n~~tice iti mailed uithin
~hirh Rc.rn~wer ma}• pa~ thc tiums dcrl:~re~1 du~. It B~~rrr.~+cr (:~il. to pac tiurh ~um~ prirr t~+ thc r~piratic•n ~~f ~uch pcn~xl.
Lrmlcr ma~. ~vithuut further naticr i~r drmand ~~n li~~rn~~rr. im~~l.r ;~m rrmcdics ~+crni~ttc:i h~ ~aragraph 1R hcrcof.
ticiv-('vitorc~t C~vF~nv-rs. Borrower and Lrn~er further cc~~'en:snt and agree a~ follc~ws~
18. Acceleration; Remedies. Fxcept as provided in para~raph I'~ hereof. upon Borror.er's breach of any co~enant or
aRreement of Borrower in this ~tortRa~;e, includinR fhe co~enants to pa~ w~hen due any sums secured by fhis ~tort~age. I.ender
prior to acrelerolion shall mait notice to Borrower ac procided in paraRraph i4 hereof specifying: {1) the breach; (2) the action
required to cure s~ch breach; ~3) a date. not less than 30 da}s from the date the notice is mailed to-Borrower. by which such
breach must be cured; ahd (4) that failure to cure such brearh on or before the date speci6ed in the notice may resulf in
acceleralion of the sums secured by this ~tort~a~e, foreclocure by judici~l proceedin~ and salt of the Properh~. 'ihe notice
tihall further inform Borrower of the ri~ht to reinstate after arceler~tion and the ri~ht to assert in the foreclosure proceedin~
the non-ezktence of a default or anv other defense of Borrower to acceleration and foreclosure. if the breach is not cured on
or before the date specified in the notice, I.ender at I.ender's option may declare ~11 of the sums secured by~ fhis `~iort~a~e to be
immediatel} due and payable without furiher demand and ma~• foreclose this NorlRa~e b~• judicial proceedinR. Lender shall
be entitled Io colkct in such proceedin~ all ezpenses of foreclosare, includin~, but nnf limiled to. reasonable attorney's fees.
and cocts of document~ry e~idence, abstracts and Iitle reporic.
19. Borrov?e~ c Ri~ht to Reinstate. Nc.twith~tanding Len~irr', accelcrati~~n af the ,ums .ecured by this ;ltortgage.
Norr<~w~er ~hall ha~r the riFht t~~ have .~m proccc~in~~ hciun ht I.rnder t~~ cnf~~r~c thi~ ;1~rtgcigc diccontinued at an~~ lime
L~i~~ pac~ ~7
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