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<br /> 78-� �1021 '73
<br /> Lender's written agreement or applic,able law. Borrower sha11 pay the amount of all mort�age iaswrance premiums in the
<br /> manner provided undee pacagraph 2 hereof.
<br /> Any amounts disbursed by Lender pursaane to this paTagrnph 7, with interect thertoa, shall bceame addiflonal
<br /> iadebtadness of Borrow�er secured by this MoMgagc. Unless Horrower ancl Lendee agree to oCher terms nf p�yment, su¢h
<br /> amounts shall be payable upon notice from, Lender to Borrowcr reqaesting payment thnreof, and shall bear inYersst from the
<br /> f datc of disbursemen6 at Yhe tete peyab1e from timt to time on c+utsranding prinaipal under the Note unless payrnent of
<br /> interest at such rate wou1d be conttary to applicable law, in which kvent xuch amounts sha11 'beaa intarbst ak the hightst rate
<br /> ; peemissible onder applica6le ta�w. IPoChing contained in this para�raph 7 shal] requite L.ender to incur aay expense or takr
<br /> any action hereunder.
<br /> 8, Inspecdon. Lender may make or eause tb be made reasonable entries upon �nd inspeetions of the Froperty. prnvi;ded
<br /> tha't [.ender shatl give Sorrower n�tice prior to any such inspeecion spccifying masonable ceuse therefor rclafed to Lendet's
<br /> . inRerest in the Propertp. . � �
<br /> '- 9. Condamnation. The proceeds �of any award nr claim for dama¢es, direct or consequenkial, in connecCion with any
<br /> i condemnaRion nr other [aking of the Prpperty, or part thereaE, or for coaveyance in tieu uf c�ndemnarion, are herehy assigned
<br /> j and shalb fie paid to Lpnder.
<br /> � in the �vent of a toYal Raking of Ehe Property, rhe proceeds shalt be applied to the sums sec�rred by this 14lortgage.
<br /> wit.h the exaess. if any, paid to Borrower. in the event of a partial t:aking of che Property, unlese Borrower and I.tnder
<br /> ! orherwise agree in writing, fhene shall be applied tcr the sums secr�red by this Mortgagc xuch pruportiom of the proceeds
<br /> as is equal to thnt propc�rCibn wbicfi the amou�rt of the sums sec��red by this Mor[�age immediatety prior ro the date Of � � � .
<br /> taking bears to the f.air marke[ valuc of Fhe Ptoperty� immediately prior to thc datc of taking, w�ith t'he balance of thc pr<�cceds
<br /> paid t� $arrowcr.
<br /> if tht Property is a6andoned by Horrowet, or if. aPter notice by i.ender to Borrower that the condemmnr atfers 4o make
<br /> an award oc settle a slairrr for damages., Borrower Eails to tespond to Lender within 30 days after the date such noYice is
<br /> { mailed, Zendor is authorized ko callect and apply che proceeds, ae L.ender's option, either to restoration or repair of the
<br /> Property ar to the sums secured by this Mortgaga
<br /> ilnless Lender and Borrower othaewise agree in writing, any such anpAication of prc�ceeds t� princi�af chalf noC extend
<br /> or postpane the due daro of Yhe mo�rthly installments referred t� in �aragraphs 1 and 2 heceof or change the amount of
<br /> xuch insfatlments.
<br /> 1'0: Borrower Not Released. Extencion of the ttme fnr payment ar mc�difi.cation of amartizativn of the sums secured
<br /> by this Mortgage granted by Lender to ,any successor in interest �f Boerower shaJt nnt o�eraYr tc� relesse, in any manner,
<br /> the liabiliry pf the original 8ortower an�d Bornower's successors in inYeresL Lender shall not l�e requircd to c�mrnence
<br /> proceedings against such successor �r refuse to extend time for payment nr atheewise mridify amonization of the sutns
<br /> securod by triis Mortgage by reasa�n of any demand made by the originaf Borrower and Borrower's successors in interest
<br /> 17 . Forbesrence by Lendtr 1'Vot a Waiver. Any forbcarance by i,ender in exerci.sing any right or remedy hereuoder, or
<br /> otherwese affocded by applieahle IAw, shali not be a w�iwer of or preelude the excreisr of any such right ot cemedy.
<br /> Thc procurement of insuranee or the payrr�ent of taxes or other liens or charges by Lender shall not bc a waiver �f Lendcr's
<br /> righe to aocelerate the maturity of the indebtedness secrumd by this Mortgaga.
<br /> 12. R'emedies Gumnlstive. All remed'ies provided in this MnrEga�e are distinct and eumalative to any onher right or
<br /> � remedy und'er this Mortgage or afforded by Law or equity, and may be exercised woncurrently. indepe-ndenNy or successively.
<br /> 13. Saecessors and Ass�ns BaunB; Joint and Sevzral I.iabilll3^; Cap.Nans. The covenants and agreements herzin
<br /> cantained sha#1 bind, and the ri$hEs hereundeY shail inure to, the rCspectic^c succeKsors and assigns of Lender and Bomowar,
<br /> subject to che prov'tsions of paragraph t7 hereof. All covenants and agreements pf Borrowor shall de joint and severaL
<br /> The capCions an�d h�adings oE the paragraphs of ihis Mortgage are for c�nvenience only and are no[ Ya be used to
<br /> intcrpnFt oe deflne nc� provisions hareof.
<br /> 14: N'odee. E�ccept for any notice required under applieable law to be given in another manner. (a) any noteee to
<br /> Borcower provided for in this Mortgage shall be given by mailing such notice by certified mail addressed to Borrower at
<br /> the Property qddress 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 mait, retum receipt requested. to Lender's address staced herein or to
<br /> such other addrcss as Lender may designate by notice to Borrower as provided herein. Any notice provided for in this
<br /> Mortgage shall be deemed to have been given to Borrower or Lender when given in the manner designated herein.
<br /> 15. Un➢form Modga�e; Governing Law; Sevenbility. This form of mortgage combines uniform covenants for national
<br /> G use and non-uniform covenants with limited variations by jurisdiction to constimte a uniform securiry instrument covering
<br /> real property. This Mortgage shall be governed by the law of the jurisdiction in which the Property is located. In the
<br /> event that any provision or clause of this Mortgage or the Note conflicu with applicable law, such con8ict sball not affect
<br /> other provisions of this Mortgage or the Note which can be given effect wiehout the conflicting provision, and to this
<br /> j end the provisions of the Mortgage and the Note are declared to be severable.
<br /> 16. Bomower's Copy. Borrower shall be furnished a conformed copy of thc Note and of this Mortgage at the time
<br /> of execution or after recordation hereof.
<br /> ? 17. Tnnsfer of the Property; Assumption. If all or any part of the Property or an interest therein is sold or transferred
<br /> i' by Borrower without Lender's prior written consent, excluding (a) the creation of a lien or encumbrance subordinate to
<br /> this Mortgage, (b) the creation of a purchase money securiry 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 intercst of three years or less
<br /> not containing an opdon to purchase, Lender may, at Lender's option, declarc all the sums secured by this Mortgage to be
<br /> immediately due and payable. Lender shall have waived such option to accelerate if, prior to the sale or transfer. Lender
<br /> and the person to whom the Property is to be sold or transferred reach agreement in writing that the credit of such person
<br /> is satisfactory to Lender and that the interest payable on the sums secured by this Mortgage shall be at such rate as Leader
<br /> shall request. If Lender has waived the option to accelerate provided in this paragraph 17, and if Borrower's succusor in
<br /> interest has executed a written assumption agreemrnt accepted in writing by Lender, Lender shall release Borrower from all
<br /> obligations under this Mortgage and the Nou.
<br /> If I.ender exercises such option to accelerate, Lender shall mail Borrower notice of accelerarion 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 wiihin
<br /> which Bonower may pay the sums dectared due. If Borrower fails to pay such sums prior to the expiration of such period,
<br /> L.ender may, without further notice or demand on Borrower, invoke any remedies permitted by paragraph 18 hereof.
<br /> Norr-Uxtrortre Cove�vexTs. Borrower and Lender further covenant and agree as follows:
<br /> 18. Acederatlon; Rcmediea. E:cept as provided in paraRraph 17 hereof, upon Borrower's brach of any covenant or �
<br /> agmment of Borrower in this Mortgage, ineluding the covrnants to psy whcn due any sums secored by this Mortgage,
<br /> Leodv pdor to acttkraHon ahWl mail no8ce to Borrower as provided in para�;raph 14 hereof specifyieg: (1) the breach;
<br /> (2) the acttoo reqnired to cure such breach; (3) a dah, not leas ttwn 30 days from t6e date t6e notice Is mailed to Borrow�er, _ _. k - �y
<br /> - by w63ch sach breach must 6e curcd; and (4) Ihat failurc to cure such breach on or 6efore the date speci6ed in the notice ��
<br /> � may resnit fo acedention of the sums aecurcd by this Mortgaqe, forectosure 6y judicial proceedl� and sale of the Property. � � ' i
<br /> +� T6e notice s1�a11 twiher intorm Borrower of t6e rlght to reinsmte after acceleration a� the right to assert in the foceclosurc
<br /> ^ proceeding the eon-e�teoce oE a default or any other defe�e of Borrower to accelera8on and foreclosure. IP tbe breach
<br /> '` b pot cored o0 or 6efore tLe date speclBed in`the notice, I.ender at Lender's option may declare all of the svms secured by ;
<br /> ^� thie MortsaPe to be Immedistely dve and payable witfiout furlher demand and may foreclose 6y judicial proceeding. I.ender , �%>.',�
<br /> y. s6a1! be mfltled to rn11eM ia sach proceedieg all expenses ot' foreelosure, lnduding, 6ut not limked t0. cosfs of documeotary •
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<br /> :; evldence, abst'acts and 8tle rcpocts. . �;, . -:
<br /> 19. Borrowda Right to ReimRala Notwithstanding Lender's acceteration o( the sums secured by this Mortgage.
<br /> Borrower shatl have the right to have any proceedings begvn by Lendcr to enforcc this Mortgage discontinued at any time
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