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Lender's wnuen agreement or apphrable law. Borrower shall pay the amount ot all mortgage insurance prrmiums in the
manncr pr~~v~dcJ under paragraph 2 hercof. '
My amount~ ili,huncJ by L~n.le? purci~ant to this par~graph 7, with interect therean, shall become additional
inJebtednr.< <~f H„rroNCr .r~urcJ hy th~. Mon~;age l.'nlecti B~,rrowcr and l rnJer agrre to other terms of payment, such
am~~untc ~ha~l txt pa~ahle upun nuticr fr~~m 1 rnder Io Borruw~r reque~ting pa~•mrnt thercof, and shall bear interest from tht
date of di.bursement at ihe rate payahle fr~~m time to t~me on outstanding principa) und .~p tF~~+R,1esc payment of
interest at such rate would he contrarv t~ applicable I~w, ~n which event such amountc chal~i~taest's~ the highest rate
permissible under applicable law. Nuthing r~•ntaincJ ~n thic paragraph 7 shall require I.ender to incur any exptnse or take
any action hercunder.
8. laspectioa. l.ender ma~ niale ~.r : a~~.c ti, he madr rca~onable entriec upon and insp~ctions of the Property, provided
that l.ender shall give Borrower ~ohcr pri,~r to any airh mspecUon specifying reasonabk cause therefor relaled to Lender's
interest in the Property.
9. Coademaation. The proceedc of anv award or cla~m for damages, direct or consequentiat, in connection with any
condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnatior~, arc hereby assigned
and shall be paid to 1.=nder.
Tn tt~e event of a tot~l taking of the Property. the proceeds ~hall b~ applied to the sums securcd by tfiis Mortaage,
with the excess, if any, paid to Borrower. ln the event of a partial taking of the Property, unless Borrower and I.eoder
otherwix agroe in writing, therc shall tx applied to the cums secured by this Mon~age such proportion of the proceeds
as is equal to that proportion which the amuunt of ~he sum~ securcd by this Mortgage immediately prior to the date of
taking bears to the fair market val?~e of the Pru~xrty ~mmediately prior to the date of taking, with ~he balance of the proceedi
paid to Borrower.
If the Property ic ahandone~l b}• RormH•cr. ~•r if ,~fter notice bv Cender to Borrower that the condemnor of[ers to makt
an award or ~etNe a claim for damage~. B~.rrc.wer f~~l. t~. rrs~nd t~ Lender within 3(1 days a(tcr the date such notice is
maited, Lender ic authorized to collect and apply rhe prcx:eeds. at 1_ender's option. either to restoration or repair of the
Properry or to the sums cecured 'ny this Mortgage.
Unlesc Lendcr and Borrower othervvice agree in writ~ne. am• such application of prncteds to principal shall not exttnd
or pottpone the due date of the monthh• inst~llments rcfe~ red to in paragraphs 1 and 2 hereof or change the amount of
such installments.
10. Borrow~er Not Reltased. Extension of the ~ime for payment or modification of amortization of the sums secured
by this Mortgage eranted by t ender to any auccecx~r in in~erett of Borrower shall not operate to rcleax, in any manner.
the liabili~y of the original Borrower and Bc•rrower's succes«ra in interest. Lender shall not be required to commence
proceedings against such successor or refuse to ertend time for payment or other.~•ice modify amortizat~on of the .ums '
se~ured by thit Mortgage hy reason of ~n;r demand made by the ori¢inal Borrower and Borrower's successors in interect.
' l l. Forbearance by i,ender Not a Wsiver. Any fc.rhearance by Lender in erercising any right or remedy hercunder, or
otherwise afforded by applicable law, shall not be a waive~ of or preclude the eYer:ise of an}• such right or nmedy.
The proa~rement of insurance nr the payment of tares or ather liens or charges by [.ender chall not be a waiver of L.ender's
right to accelerate the maturiry of the indehtedness securrd hy thic Mort~tage.
12. Remedies Cumulati~e. All remedies provided in this Mortgage are distinct and cumulative to any o~her right or
remeJy unde~ this Mortgage or afforded hy law or equity, and may tx exerciced concurrently, independently or successively.
' 13. Snccessors and AssiRes Bound; ,Joint and Several i.iaM'tity; faptbrts. The covenanls and agreements herein
contained shall bind, and the riQhts hereunder shall inure to, the respective succecsors and assigns of Lender at~d Borrower.
subject to the provisiont of paragraph 17 hereof. All covenants and agreements of Borrower shall be jniry and several.
The captions and headings of the para¢raphc c?f this Mortgage a~e for convenience only and are not to be uced to
interpret or define the provisions here~f.
14. Notiet. Except for any notice required under applicable law to be given in anothtr manner, (a) any notiee to
Borrower provided for in this Mortgaee shall be give~ hy mailing s~ch notice by certified mail addressed to Borrower at
the Property Address or at such other addresc as Borr~wer ma~• designate bq nc•tice to 1.ender as provided herein, and
(b1 any notice to Lender shall he given by certified mail. return receipt requected. to ( ender's ad~ress stated herein or to
'4 such other address as Lender may desi¢nate by nntice n. Borr~~wer as pro~ided herein. Any noti;e pmvidtd for in this
~ Mortgage shall be deemed to have heen gi~~en to Borrc~wcr or l.ender when given in the manner designated herein.
~ IS. Uniform Mort~~e: Governin~ Law: Severabilitr. Thic form of mortgage combin~s u~iform covenants for national
use and non-uniform covenams with limited variations h~ juri~diction to constitute a uniform security instrument covering
rcal property. This Mortgage shall be governed h~- the law• of the jurisdiction in which the Prop~rty is located. Tn tht
~ event that any provision or clauce of thi~ Mortga¢e ~~r the Note conflicts K•itfi applicable law, such cenflict shall not affect
~ other provisions of this Morigage or the Nt~te ..h~ch can be given effect wi~hout the conflicting pmvicion, and to this
end the provisions of the Mortgagc and the Vote arc ~Icclared to he severable.
~ 16. aorrower's Copy. Borrower shall be furni.hed a conformed copy of the Note and of ~his Mortgage at the time
~ of execution or after recordation hereof.
17. Transftr of the PropeN~~: Assumption. if all ~,r any part of the Pmperty or an interest therein ic sold or transferred
by Borrower without Lender's prior writ~rn conseni, ercluding (al the creation of a lien or encumbrance subordinate to
this Mortgage. (b) the creati~n of ~~urch~cc m~~nrv tecurity interesl f~r household appliances. (c) ~ transfcr hy devise,
dtscent or hy operation of law upon !he Jcath of j~nnt tenan~ or ld? the grant of any leasehold interest of lhrcc ycars or less
not containing an option to purchase. Lender may. at Lender'~ option, declare all ~he sums secured by this Mortgage to be
~mmediately due and payable. Lender ~hall ha~e u;uved si~ch option to ac~elerate i!, prior to ~he cale or transfer. Lender
and the person to whom the Property i. ~.~IJ ~r transferrcd rcach agre~ment in writing that the credit ~f wch percon
is satisfactory to Lender and thal the intcrr.t pa~able on the sums secured by Ihis Mortgage shall be at such rate ac Lender
shall request. tf Lender has waived the opuon to accelerate provided in this paragraph 17, and if Borrower'a wccasor in
interest has executed a wntten assump~ion agreement accepted in writing by I_ender, Lender shall relcax Borrower (rom all
obligations under this Mortgage and the Note.
~ I( Lender ezercises such ophon t~~ accelerate. LenJer chall mail Borrower notice of acctkration in accordanc~ ti ith
~ paragraph 14 hereof. Such no~ice ~halt provide a period of no~ less than 30 days from ~he date the notice is maile:i within
which Borrower may pay ihe sums declared due I( Borrower fails to pay such sums prior to the tzpiration of cuch peric~d,
~ Lender may. without further notice or dcmand on Horrower. invoke any remedies permiued by paragraph 1R hereoL !
~ NON-UNIPORM COVENANTS Borrower and Lender furthcr covenan~ and agree u follows: '
~ 18. Accderat'an; Remedies. Except as providcd ia pa~npb 17 bcnot. upoa Eorrower's brcacM ot any covtsaat or
~ aareemcnt of Borrower in this Mori~a~e, includin~ ihe covensnts to pay when d~e ~ny sums securcd by this MortReAe, I.ender '
~ µrbr to sccekntion shall mail notice to 8orrower as provided ia parq~aph 14 hereot specHria=: (1) fbe bn~ch: f21 tht actbn
~ required to cnre such brcach; (3) a date. not less than 30 days from the date the eotice is maikd to dorro~+er, br whicb wcA
~ biesch must be c~red; aad (4) that failure to cure snch breach oa or betorr Ihe date specified in the nMke may resdt i~
F a~~~feration of the sums secnred br lhis Movt~aRe. /orccbwre by judicfal proteedln~ and sak of the Propcrty. The noUce
R ~ shall further inform Borrower ot tl~e ri~ht to reinstite after sccekratioa and the ri=At to assert in Ihe foreclosure proctedl~
~ tbt aon-existence of a dtfauh or aay other detenu ot eorrower to sccekration and forerfawrc. If the bnach is not cortd ow
or betore the date specified in the notice. Lender at I.end«'s aptbn ma~ declue sll ot tht wms settircd by thk Mort~aRt to be
~ immtdisttly due snd paysblt wilbaut tuAher demand and msy toreclost thb Mort~a~e br judicW proceedlnR. i.ender chail
be eotitkd lo coUect in wcA proceedinR all ezpenses ~~f forec{osure, includin~. but not {imiled to, reasonsbk att~~rn~v's fees.
and costs of docunxetary evidence. abstracts and titte reports.
~ 19. Eorrowers RiRht to Rtinsiatt. Notwith~t~nding 1 ender's accelerat~on of the sums ucured by ~h~s Mongage.
~ Borrower shall have the nght to have am rrocerJ~n,~. Fx~~~n bf Lender to enforce thn Mortgage discontmued at any timt
~ ~aox 4~ Pac~ 9I~
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