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<br /> � cOMPAR ED
<br /> 77- � � �-r � 432
<br /> Lender's wripan asieoment or applicabk law. Horrow� �hall pay tde anwuat of all mortaaQe insurance premiwno in t6e
<br /> mamer provided uticler puaYcaph 2 6ereof.
<br /> Any amouab disbuned 6y I.ender punusnt to thu pan�raph 7. with ioterest thereon, shall bocome additional
<br /> � indebtodness of Borrower �eew+ed by this lNortQage. Unkss Borrower and L.ender a;ree to other terms of payment, sud�
<br /> amoqntr �hail 6o psyable upon iwtice from Lender to Borrower requesting payment thereof, and shall bea� interat froao tl+e
<br /> dite o[ dkbur�eerw�t at the r�e payable Erom time w ti� on ouutand�� principai under the Note mbss payment ot
<br /> isfeeeN at suah nie wonld be contrary to appficable law, in which event sucl+ amounts ahail bear interest at the Li�he�t rab
<br /> paem� under spplicable lasv. Nothie� contained in thie para�raph 7 shall requi�s I.,ender w incur tey e�cpame or taI[e
<br /> aay acNoo he!roueder.
<br /> S. I�ede�. I.ender may mske or cause to be made nasonabie entriea upon and inspections of the Prc�rty, provided
<br /> that [.ender sl�atl Sive Borrowa notice prior to any such inspection specifying rcssonabk cause thercfor rdated w La�der't
<br /> ietere�t in the Property.
<br /> 9. Co�/e�u�Mo�. 7?ie proceeds of aay award or daim for dama�es, direct or consequetttial, in connecdon w�itlf my
<br /> condemnatlon or other talcin� of the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby ari�ua�
<br /> and shsll be paid to Lender.
<br /> In the eveet of a total talcing of the Property, the proceeds shall be applied to the sums �ocund by this Mottsye,
<br /> wit6 the ezceu, if any, paid to Borrower. In the evcnt of a partial taking of the Property, uniess Borrower and L.ender
<br /> ociurwiie ajroe in writing, there ahait be apptied ro the sums xcurod by this Mortgage such proportion of tlse proeends
<br /> u it equal to thu proportion which the amount of the sums secu�ed by this Mortgage immediately prior to the date ot
<br /> talcin� bears to the fsir market value of the Property immediately prior to the date of taking, with the balance of dfe proceeds
<br /> paid to Borrosver.
<br /> If dfc PropDrty is abandoned by Borrower, or if, after notice by I.ender to Borrower that the conde�nor o1Fen to mdte
<br /> an arard or �ettle a claim for damages, Borrower fails to respond to Lender within 30 days after the date sud� notite u
<br /> mailed, Lender is authorired to collect and apply the proceeds, at Lendor's option, either to restoration or rep�ir o[ t5e
<br /> Pi'ope+ry or to the sums secured by this Mortgage.
<br /> Unkac I.ender and Borrower otherwise agree in writing, any such application of proceeds to principal shali not exteed
<br /> or postpone the due date of the monthly installments referred to in paragraphs 1 and 2 heroof or chan�e the amount o[
<br /> such inatallmanta.
<br /> 1!. �eniower Not Relea�ed. Extension of the time for payment or modiflcation of amortization of the sums �ecurod
<br /> by thic Mortgage granted by Lender to any successor in intere�t of Borrower shall not opente to rtleue, in any manner.
<br /> tfie liability of the original Borrower and Borrower's successors in interest. Lender shall not be required to coamosnae
<br /> proceedinas againft such successor or refuse to extend time for payment or otherwise modify amortization of the wnu
<br /> secured by this MoK;age by reason of any demand made by the original Borrower and Horrower's successors in inEerdt.
<br /> 11. Reriear�nee by [.e�er Not a Waiver. Any forbearance by I.ender in exercising any ri�ht or remedy heraun8er, or
<br /> otheerise alforded by applicable law, shall not be a waiver af or proclude tlfe exercise of any such ri�t or remedy. '
<br /> T1fe �ocurcmefft of ituunnce or thc payment of taxes or other liens or charges by. L.ender shall not be a wsiver of Lender'� '
<br /> risfit to acceknte the mawriry of the indebtedness secured by this Mortgaee. ;
<br /> 12. Ae� CuwYhtive. All remedies provided in this Mortgage arc dictinct and cumulative to any otlser ri�iN or
<br /> � retnedy under this Mortgage or afforded by law or equity, and may be exercised concurrently, independen�ly or succeuivdy.
<br /> 13. S�oeewr� aN Ari�es iou�d: lold a�d Seved [,iabiHty; Ca*tlo�. "Il+e covenanu and asreemeab deroie
<br /> ' oont�ined shalt bind, and the riahts hercunder shall inure to, the respective successors and assigns of [.ender aed Borrow�ar.
<br /> •. tubject to the provitions of paragraph 17 hereof. All covenants and aQrecments of Borrower thall be joint and tevenl.
<br /> T6e captions and headings of the paragraphs of this Mortgage aro for convenience only and are not to be uted to
<br /> iaterpret or deRne the proviaions hereof.
<br /> !1. NM4�e. E�ccept for any notice rcquired un�r applicablc law to be givon in another msm+er, (a) a� notioe to
<br /> 8orrower provided for in this Mortgage shall he given by mailing such notice by certifled mail addressed to iorrower at
<br /> tfie ProQerty Address or at sucfi other address as Borrower may designate by notice to Lender as provided lferan, ud
<br /> (b) any notice to L.ender shall be given by certi8ed mail, retum receipt requested, to Lender's addreu atated 6erein or W
<br /> such other address as Lender may designats by notice to Borrower as provided herein. Any no[ioe provided far in t6ia
<br /> Mortsa�e shalt be deemed to have been given to Borrower or I.ender whrn given in the manner desi�nated herein.
<br /> 15. Uetfor� Mort��e; Goven�ia� Lsw; SeverabiYty. 71�is form of mortgage combina uniform covenants far nationd
<br /> u�e and non-uniform covenants with limited variations by jurisdiction to canstitute a uniform security inatrumewt cov�
<br /> ' real property. This Mongage shall be governed by the law of the jurisdiction in which the ProQerty is loc�ted. In the
<br /> eveM that any provicion or clause of this Mortgage or the Note conflicts with applicable law, such conAict shaN not aseat
<br /> other provisioes of this Moctgage or tfie Note which can be given eftect without the conflicting provision, and to this
<br /> � end ti+e provisionc of the Monga�e and the Note are cieclared to be severable.
<br /> lf. �onw�w�'� Co*y. Borrower shall be furnished a conformed copy of the Note and of this Mort�ase at the ti�ne
<br /> of e:ecution or after recordation hereof.
<br /> 1Z Twrfer ot tie Tre�eity; Arwmptlow. If all or any part o( the Property or an iMerest therein is sdd c+r tnnafeteed
<br /> by Borrower without Lender's prior written consent, ezduding la) the creation of a lien or encumbnnoe aubordinafe to
<br /> i this l�tortsa�ee, (b) the creation of a purchax money security interext for houschold appliances, (c) a tnnsfer by deri�e,
<br /> 4 d�t ar by aperation of law upon the death oF a joint tenant or (d) the grant of any learehold intercct of three yean or br
<br /> not coatainin� an option to purchue, Le�er may, at Lender's option, declarc all the surns sa;ured by this Mo�aje to be
<br /> imafodiately due and pryable. I.ender shall have waived such option to accelerate if, prior to the sale or transfer, [.end�r
<br /> and t6e perfon to whom the Property is to be sold or transferred reuh agreement in writing that the credit of wch pe+soe
<br /> is utisfutory W Lsnder and that thc interest payable on the sums securod by this Mortgage xhall be at euch rau as I.e+�det
<br /> � ehaN request. If I�fder has waived the option to accelerate provided in th�s paragraph 17, sed if Sort�o+ver's wcoenor ia
<br /> . � iataraet has exoeuRed a writteo acsumption agreement accepted in writins by Lender. I..eeber shdl releax Borrower fran dI
<br /> obli`ations under this Mort�age and t!u Note.
<br /> ; If Lender eacucices such option to accelerate, Lender shall mail Bwrower notice of acc:ebration in accordaece with
<br /> parasr�ph 14 hereof. Such ncuice xhall provide a E.ericul of not ►esc tha� �O day� from the date the notice ig msited within
<br /> f wl+ick Borrower nuy pay tfie auma declared dua If BorTower fa+ls to pay sucl+ sums prior to the ezpinNon of wch period,
<br /> E L.a�der atfy, witMt+t [urther notioe or demand on Borrower, invoke any roeeedia pertnitted by parajraQh 18 heoaof.
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<br /> � ATat-iJ�wwru�[ CovBw�r�t's. Borrowor and Leader further cov�ani and aerae as folbws:
<br /> ta �.t b..ii�a �c.�e .s �wlie� i. p.a�r.�r �7 ra�.et. .l.. in..wer's rre�ei .f ,.y o....rt .r ;
<br /> 1� d 1�Nwer 1� Irls Ma�e+ Mei�ih[ tl�e csvaauls te py w� ars uy r��s �eew� ►Y tYts M�. LNNr
<br /> �rMr Mr aeedrwlir i�! ii aNfe� M �er as N'�o'iii i� Me�ea�6 !1 rawt 4eel[�i�: (111W �ewe�i (� IM �t1Y� _.. , ._ .., . ' �d
<br /> t�f b asss �d �...dK tJ� � iY.. art fe. tY.. Js d�o�• tea.. u. e.le eae .aMee 1� w.a �. lw�wK. ►y wwcr we�
<br /> ir�d� �w! Y err4 �1 N! tre [ire M a�e +rcl� Mwe� y +r Mf�e Y�e irs �eeWi M 1re wioe �q a�lt r
<br /> � �t IM aiwls �M;re�/ b fYs M+�. h�i�w�e h 1�� M'� a�i ale �t IYe lY�e�e7'. '1\e Nlfoe
<br /> rii 1r�Mr lM�e�l� �r i /k a�1t !� t�elyf�o aher ace:el�ea�ls� a�i !Ye rl�it M we�t i� IYe fanelwre �
<br /> , • �a�M�wltliulo� �[ � Jdui �r a1W �tlrr 1�IMr� � �swwr 1� acc�IKafi� a� t�nc�rsroe. � As �nat! !s Mt c� �
<br /> ' url�lle�e 11Me i�4e t�eC96d ta f�e �Ilte. Le�der maX d� ar of f�e mms seewed try tfds More�e to be � A�e . ':`r ;
<br /> � si �I�Ir41r wilrw�t M��r +/�M� a�i wr�' Nwai� fYs � i!' F� !�� L�r �r M r1W� , "' ,,.;�
<br /> � M�A IE wrR! �w�i�, i �ns �[ lwdriww. I�ddl�/• MI aN �INi K �rYb aN�r�Y'� M�. a�i e�Mt
<br /> +t �411M�1� ��Mi��r i�lo1� a�i YM .�e�a.
<br /> : ��rM�w+�y Y�1 �Wf�wM� Nsfw�tlatfn�+� Leade:'s accelarewn of [!+e su� sec�d by M�s Monta�e.
<br /> e rt�t asy procee8ia�c q�o by Lender W enEorce this Mortjaec diuontiaued at anY time
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