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<br /> �g.� U02144
<br /> Leoder's wcitten agseement or applicable law. Borrpwer shal,l pay the amount of all mortggge insurance premi�.�ms in rhe
<br /> manner pfovYded under paragraph 2 hereof.
<br /> Any amounts disbursed by Lender pursuanC to this paragraph T, with interest Chereon, shall brtebme additional
<br /> indebtedness of 8arcower secured by this Mortgage. Unless Borrower ar�d i,ender �gree to other tertns of paymcnt, such
<br /> amounts shall bt payable upon no[ice from Lender ta Horcower raquesting payment thereof, and shall bear interest frort� ihc
<br /> r date of disbursement at tRe race psyable hom time Co Yime nn oatstanding prineipal under dhe Note unless payment of �
<br /> interes,t at auch rale would be cc�nCcary ta applicaSle taw, in which event Nch amounts shall i�ear interest at the highest raRe
<br /> permissi6le under applicable 1aw. Nothiqg contained in ahis paragraph 7 shall requice Lendes to ineut a�ny expense or Yake
<br /> any sction herqunder.
<br /> 8. Inapection. Lender may make ar cause to be made reasonable eotries upo� artd inspections oE the Property, prov�ded
<br /> that Lend,er shatl give Borrower noEice pripr tv eny such inspection specifying resse+nabte cause thercfor related to Lender's
<br /> in2erest ip the Property.
<br /> 9. Condemnatton. The proceeds af any award ar daim for dannages. dircct or conseqaenxial, in connect,ion with any
<br /> condetnnatic�n or other taking af Yhe Property, or pari tfiareof, c*r for eonvpyance in lieu oE condemnaeion, are hereby assigned
<br /> and shail 6e paid ro T.ender.
<br /> In �he evenc af a total taking of tha Property, the proceeds shall be app1ied to the swms seeuced by rhis Mortgage.
<br /> wi6h the excess, if any, paid tcs Borcowee_ In the evend af a partial taking of thr Property, unlexs Bnrrowe-r and I.ender
<br /> orhtrwise agree in wr�ti»g, therr aMa!! be apptied tn the sums seci�rrd by chis Mi�rtg�ge such praportion of the ,prueeeds �
<br /> as is equal [o that proportion which the amaunr of tha sums secueed hy tkis Mortgage immediately prior to rhe date of
<br /> Sa►king bears to Che fair markeC value. of� the Property immediately pric,ir to the clatc of eaking, u��iih the balance nf thc� prc�ceedc r . �
<br /> paid t� Borrower.
<br /> ff the Property is abandoned by Borrowar, nr if, afEer nofice by Lenda,r to Borrawer that the condemnar affers to make
<br /> an award or settle a alaim for damagox. Boreower faiJs to res-pond to Lendee within 30 days after Ehe date such noficc is
<br /> mailed, Lander is authocized 4o collect and apply the proceeds. at Lender's option, either t� r�storation oe rtpair of the
<br /> Propercy or ta the sums securod by this Mortgage.
<br /> � Un. less Lender and Borrower otherwise agrte in writim.g, any such application of proceads to principal shall not extend.
<br /> ' i or ppst'pane the dpe date of the monthly ensta4lments referred ro in. paragraphs 1 and 2 hereof or change the amount of
<br /> such insYatlments.
<br /> ; lb'. Borrower Nnl Reteased. Extensian of the time for �Sayment �r mod'rfication af amortization of the sums srcured '
<br /> by this Mortgage grantad by Lender to any successor in interest of Boerower shall noY opatate to release, in any mannor.
<br /> the liabiliry of the origina) Borrower and Borrower's successors in interest. Lender shall n�t be required m commenee
<br /> praceedings against such swczessor or refuse tp exrend tim.e for paym¢nx or s+therwise mc�d6fyr amartization of rhe sums
<br /> ', secured by this Mortgage by reasoh of any demand made by the �riginal Borrowet and Borrower's succassors in interesc. ?,
<br /> 11. Forbearadce by Lender Not a Wairer. Any forbearance by^ Lender in exercising any right or remedy hereuader, or
<br /> ( ocherwise afforded by applicabqe taw, shall oot be a waiver �f or preclude the axercise of any such righE tir remedy.
<br /> ; 7`he proeurement tif insuranee or the paym�nt of faXes or other li,ens or cfiarges taq Lender shaT1 not be s waiver of I.ender's '
<br /> � right to aecelerate the maYurity of the indehtedness cecured !iy this Mortgage.
<br /> 13. Remcdies CumnlaHve. All remedies pr<mvided in this Mc�ttgage are distinct and cumulativc Co anY oCher right ot
<br /> rcmedy under this Mortgage or attorded k+y lau+ or equity, and may ba cXera�ud canc.ureently, indepehdent�y or successively.
<br /> � 13. Soacessors nnd Assigns Bound; Joint and Severnl I:tability; Captions. 'll�e covenants and agreemants hertin
<br /> contained shall bind, and the rights harcunder shali inure co, the respettive succCssors and assigns of Lender and Barrower,
<br /> � subject to the prauisions t?f paragraph I7 herecrf. AII cbvenants anel agrecments of Borr�wer shall be joint and scaeral.
<br /> The captions and h0adings of the paragraphs of Yhis M�rtgage are for conveniencc only and are not m (�e used Yo
<br /> ' j intetpret or defint the pwvisi�ns hereaf.
<br /> 14. Notice. P�ccept for any notice required under appticable law to be given in another manner. (a) any notice to
<br /> ' j Borrower provided for in thu Mortgage shall be given by mailing such notice by certified mail addressed to Borrower at i
<br /> ' the Property Address or at such other address as Borrower may designate by notice to Lender as provided herein, and �
<br /> ! (b) any notice ro Lender shall be given by certified mail, return receipt requested. to Lender s address stated herein or to
<br /> : ? such other address as Lender may designate by notice to Borrower as provided herein. Any notice provided for in this
<br /> { Mortgage shall be deemed ro have been given to Borrower or Lender when given in the manner designated herein.
<br /> ± 15. Uniform Moetgage; Governing I,aw; Severability. 7T�is form of mortgage combinu uniform covenants for national
<br /> � use and non-uniform covrnants with limited variations by jurisdiction to constitute a unifortn securiry inswment covering
<br /> � real property. 'It�is Mortgage shall be governed by the Iaw of the jurisdiction in which the Property is located. 7n the
<br /> � evrnt that any provision or clause of this Mortgage or the Note conflicts with applicable law, such conflict shall not afEect
<br /> ; other provisions of this Mortgage or the Note which can be given effect without the conflicting provision, and to this
<br /> ' } end the provisions of the MoRgage and the Note are dectared to be severabla
<br /> ' 16. BorrowePs Copy. Barrower shall be furnished a conformed copy of thc Note and of this Mortgage at the time
<br /> ^ t of execution or after recordadon hereof.
<br /> ; iZ T�aasfer ot the Property; Assumption. If all or any part of the Property or an intercst thenin is sold or transferred
<br /> � by Borrower without Lender's prior written consent, ezcluding (a) the creation of a lien or encumbrance subordinate to
<br /> ; this Mortgage, (b) the creation of a purchase money security interest for household appliances, (c) a transfer by devise.
<br /> � descent or by operation of law upon the death of a joint tenant or (d) the grant of any leasehold interat of three years or ]ess
<br /> not containing an option to purchase, Lender may, at Lender's option, declare all the sums securcd by this Mortgage to be
<br /> f immediatdy due and payabla Lender shall have waived such option to accelerate if, prior to the sale or tranafer. Lender
<br /> + and the person to whom the Property is to be sotd or transferred rcach agreement in writing that the credit of such person
<br /> is satisfactory to Lender and that the interest payabte on the sums secured by this Mortgage shall be at such rate as Lender
<br /> q sha11 request. If Lender has waived the option to accelerete provided in this paragraph 17, and if Bonower's successor in
<br /> � interest has executed a written assumption agreement eccepted in writi�g by Lender, Lender shatl rclease Borrower from all
<br /> obligations under this Mortgage and the Note.
<br /> `. � If Lender exercises sach option to accelerate, Lender shall mail Borrower notice of accderation in accordance with
<br /> ; � paragraph 14 hereof. Such notice shall provide a period of not less than 30 days from the date the notice is mailed within
<br /> y which Borrower may pay the sums declared dua 7f Borrower fails to pay such sums prior to the czpiration of such period,
<br /> Leader may, without further notice or demand on Borrower, invoke any remedies permitted by paragraph 18 hereof.
<br /> Now-U�vtFoxM CoveruNrs. Borrower and Lender further covenant and agrce as follows:
<br /> t� 18. Accderatlon; R�medles. Except as provided in paragraph 17 6ereof, upon Borrower's breac6 of any covenant or
<br /> , i agmment of Borrower ia this Mortgsge, tacludiwg the covenanls to pay whe� due any aums securcd by thie Mortgage, z
<br /> ; Leuder prior to acttlentlon ahalt mail noHce to Borrower as provided In paragraph 14 hercof speclfying: (1) t6e bceach;
<br /> F (2) t6e actlon reqnlred to cure such breac6; (3) a date, not leat t6an 30 days from t6e drte the notice ts mailed fo Borrower, '� �
<br /> � 6y whkh sach breach mmt be cmed; and (4) that failurc to cure snch breach o0 or before the date specified in the noHce ^`�
<br /> } may resWt to accderatioo o[ t6e su� xcured by fdis Mortgs�e, foreclosare 6y judlctal proceediug and sale of the Property. �
<br /> i T6e notice s6a11 fnrther inform Borrower of the rtght to reinatate aker acceleratton and the dg6t to auert in thc Eorecloaure
<br /> proceediuQ the noo-exieteace of : deEault or any other defe�e of Borrower to acceleration and forcclosure. 1f tIu breach ,,
<br /> Is not cured on or betorc tbe date speci8ed in 1he �8ce, Lender at Leader's option may declare all of the sums secured by �
<br /> �� f6(s Moirtgaee to 6e immediatdy due a� payable wlthont furU�er demand and may forectose by jadicial proceediug. i.ender �.� ' ;
<br /> �.,} � . shsll be mfffled to collect in�anch� proceedioQ all e�cpenses of foroclosure, including, but not Ilmlted to, coets of docnmentary . �'� �;;,
<br /> , , erldmce, abstcacb and titk repo�c. . ,,;� •
<br /> 19• Bononds R1�6t to RdzMata Notwithstanding Lender's acceleration of the sums secured by this Mortgage,
<br /> _� Bo[iower shall have the right to have any proceedings begun by Lender to enforce this Mortgage discontinued at any time
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