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<br /> Lencier's writtcn nercemcnt or npplicable law. Borrower shnll pay the nmoimt of nll mortgnge insu�a�cc premiums in ihe
<br /> manne�prcwicicd under paragraph � herrof. ? .
<br /> Any am�lunts disburacd by I.endcr pursuan� to this p�ragraph T, with intet+eat therean, shall become additio�a�'` � -�
<br /> � indebtedness �f Horrower accurcd by this Mart�oge. Unless Borrawer and Le�der agree to other tertns of payment, suc6`� '�
<br /> amount�sh�i) bo pay�blc upo� natice from I.cndcr to Barrowcr requesting payment thereof,and�hall bear iotcrest fram the w �
<br /> --- ' d:te at sli�bi:rt,ea:�t at tha rat: �ayabl.^ frasss titstt !� tittte an ouHtnodino prirtci�nl nnckr ths Note uniecc rayment af�
<br /> � interest at euch rate would be contrary to applicabte law, in which event sueh amounts shall Eear interest at the highast rate
<br /> peirnti:aible untkr applicable law. Nathing cantained in this paragraph 7 shall requiro Lender to iRCUr any axpense or tak�
<br /> nny action hereunder.
<br />� t. i�ection. Lendcr may makc or cause to be madc reasonablc entrics upon and inspections aF the Property,provide
<br /> that Lender shall aive Harrawcr noticc prior ta any stcch inspection .pecifying reasansble causc thercfor rela:ed ta Lentkr'
<br /> interest in thc Propert). �
<br /> 9. CaWemnatbn. The prc�ceeda af any awArd or claim for damages, direct or consequential, in can�ectian with any
<br /> condemnatian or ather taking of the P�openy,or part thereof,or for canveyance in lieu af condemnation,are herehy Asstgned
<br /> and shall be paid to Le�der.
<br /> In the event of a total taking of the Propeny, the proceeds shall be applied ta the sums secured by this Martgage,
<br /> with the excess, if any, pnid to Borrower. In the event of a partial taking of the Property, unless Borrower and Lee�der
<br /> �� otherwise agree in writing, there shall be applied to the �ums seci�red by thi9 Mortgage cuch proportion of the proeeeds
<br /> as ic equal to that proportion which the amount of the sumc secured by this Mortgage immediately priar to the date of
<br /> taking bears ta the fair market value of the Property immediately prior ta the date of taking,with the ba]ance af the proceeds
<br /> ; paid to Borrower.
<br /> If the Propeny is abandoned by Bonowcr,ar if, after noticc by Lender ta Barmwer that the condemnor offers to make
<br /> • an awArd or settle a claim for damages, Sonower fails ta respond ta I_ender within 30 days after the date such notice is
<br /> mailed, Lender is author�zed to collect �nd apply the proceeds, at Lender's option, either to restoration or repait of the
<br /> Property or ta the sums secured by this Martgage.
<br /> Unless Lender and Borrower othenv;se agree in writing,any such application of proceeds to principal shall not extend
<br /> or postpone the due date of the monthly installments refe�rcd to in pa�agraphs 1 und 2 hereof or change the amount of
<br /> snch installments.
<br /> 10. Eorrower Not Rekased. Extension of the time for payment or modiflcation of amortization of the sums secured
<br /> by this Martgage grantcd by Lender to any successor in interest of Bonower shall not operate to mlease, in any manner,
<br /> the liability of the original Borrower and Borrawer's surcessors in interest. i.ender shal) nat be required to commence
<br /> - proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the sums
<br /> secured by this Mortgage by reasan of any demand made by the original Borrower and Bonower's successors in interest.
<br /> . 11. Forbearance by Lender Not a Wdver. Any forhearance by Lender in exercising any right or remedy henunder,or �
<br /> otherwise afforded by applicable law, shall not he a waiver of or preclude the exercise of any such right or remedy. �
<br /> The procurement of insurance or the payment of taxes or other liens or charttes by Lender�hall not be a waiver of Lender's � -
<br /> right to accelerate the nlaturity of the indebtednecs secured by this Mortgage. �
<br /> ` iz. �celnMils t,7tmulatl�l. A1t remedi'es prrnided in this Mortgage are distinct and cumulative to any other riglft or �t-..:t=
<br /> rcmedy under this Mortgage or afforded hy law or equity,and may be exercised cancurrently, independently or suceessively. �'�."
<br /> , 13. Successors and Assigns Sound; Joint and Several 1.iability; Captlons. The covenants and agreemeats herein
<br /> _ contained shall bind,and the reghts hereunder shall inure to,the respective successors and assigns of Lender and Borrower, � -
<br /> • ' subject to ine provisions of pa:agraph i7 hereoi. Ati co�enants and agreemenis oi aorrower snail be joint and severa�. �«
<br /> -- The captions and headings of the paragraphs of this Mongage are for convenience only and are not to be used to .
<br /> interpret or define the provisions hercof. ��._.
<br /> 14. Notice. Exapt for any notice required undcr applicable law• to be given in another manner, (a) any notice to
<br /> Borrower provided for in this Mortgage shall he given by mailing such notice by certifled mail addressed to Borrower at �
<br /> ; the Property Address ar at such other address as Borrower may designate by notice to Lender as provided herein, and
<br /> , (b)any notice to Lender shall be given by certified mail, return �eceipt reqaested. to Lender's address stated herein or to
<br /> such other address as Lender may designate by natice to Borrower as provided herein. Any notice provided for in this
<br /> Mortgage shall be deemed to have been given to Borrower or T.ender when given in the manner designated herein.
<br /> . 1S. Uni(orm MortRage;Governing Law:Severability. This form of mortgage combines uniform covenants for national i
<br /> use and non-uniform covenants with limited variations hy juri�diction to constinite a uniform security instrument covering
<br /> � � rcal properly. 'tl�is Mortgage shall be gavcrned by the law of the juri�diction in which the Property is iocated. 1n the ,
<br /> � event that any provision or clause of this Mortgage or the Note conflicts with applicable law, such conflict shall noi affect • '
<br /> other provisions of this Mortgage or the Note which can be given effect without the conflictin.g provision, and to this �i�'"
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<br /> end the provisions of the Mortgagc and the Note are declared to be severable. ( �
<br /> 16. Eorrowe�s Copy. Borrower shall be furnished a conformed copy of the Note and c+f this Mortgage at the time �
<br /> of execution or after recordation hereof.
<br /> 17. Tnnsfer of t6e Property;Assumption. lf all or any part of the Property o:an interest therein is sold or transfened .
<br /> by Borrower without Lender's prior written consent. excluding (a� the creation ot' a lien or encumbrance subordinate to �
<br /> this Mortgage, (b? the ereation of a purchase money securit�• interest for household app]iances. (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 interest of three years or less
<br /> not containing an option to ptirchase, l.ender may, at I.ender ti option, declare all the sums secured by this Mortgage to be
<br /> immedi3tely due and payable. Lender sl»ii lrave waived �uch option tv acceferate if, prior to the sate 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 Mortgag�shall be at such rate as Lender
<br /> shall request. lf Lender has waived the option to accelerate pro�•ided in this paragraph 17, and if Borrower's successor in
<br /> interest has executed a written assumption agreement accepted in writing by Lender, Lender shall release Bonower from all
<br /> obligations under this Mortgage and the Note.
<br /> If Lender exercises such option to accelerate, I.ender shall mail Borrower notice of acceleration in accordance with
<br /> paragraph 14 hereof. Such notice shall provide :+ period of not less than 30 days fram the date the notice is mailed within
<br /> which Borrower may pay the sums declared due. If Borrouer fails to pay such cums prior to the expiration ��f such period. __ __ ___ _
<br /> Lcnder may, without further notice or demand on gorrower, invoke any rcmedies permitted by paragraph 18 hereof. ; — ��
<br /> NoN-UN�FOatH Coverv�NTS. Borrower and I.ender farther covenant and agrec as follows:
<br /> l8. Accekratlon: Remedies. Except ac provlded in paraRrapb 17 herenf, upon$orrowe�s breach of any coventnt or
<br /> s�reement of Borrov�er in this tilortRagr, lnciudinR fhe c��ena��tti to pay when due any sums secured by this Moct�syEe. i
<br /> Le�der prior ta sccekrallon shall mail notice to Bnrrower as prnvlded ln paragraph 14 hereof specifyln�: (11 tl�e breach:
<br /> (2)tik actlon req�red to cure such brsach; (3)H date. not fes�than 30 days from the dyte the notire Ic mailed to Borrower. �
<br /> L by wbich surh brrach must be cured; 9nd(41 thai fnilure to cure surh breach on ur before the date sRecified in the noticc
<br /> roay result in accelention of the sumti tierured by lhis:Nort�a�e.foreclosure by jttdicipl proceedinR anA sale qf the Property.
<br /> 7'Ae nMke shaU further inform Borrower of the �i�;l�f kr reinstate ofter�creleration and thc ri�h! tn as.ccN in the fomclosure
<br /> procerdinR ihr non-exi�te�ce uf � Aefault or aoy olher defen�e of B�ttrower to acreleratinn �nd foreclosure. If fhe breach P•
<br /> C¢ont curtd iyn u►betore Ihe date�pecifled in Ihe notice. I.rnde�a1 I.ender'c optirm m:�} dt�elam tall uf the �um� ceeured M1� �
<br /> Ih1�Morl�e to br immrtliatcly doe anA payable Nithout furlher Aemand arad ma} iurecl�ne b} jodirial proceedin�. I endrr
<br /> -- +ball I►e entilleA tu cullrct in SucN prorredin�sill ex{rence�nf forecl�„u�e, includiny;, bul n��t limitrd lu,co�t� ��f darumrntan
<br /> c�ldertcc,aMfract�And INIe re{wrf�. ' "
<br /> y 19. eolluwt�'a 6ti�h1 t(� itcin�tr+tr. ti��i�.ith�t.ind�nF� 1 chdcr'• .i,c:li•i:�t��•n i�l �h�• .nm� �c�uicd In thi. �lrtlg.��i'.
<br /> Itc.rr�+wet tih.ui h�itic ih�• iighi n� h,���: :m� �uncrcdin�•� hcunn t,n I ����dcr t�• rn�„i,r �h��. \t,�rti:.�rc .Ii..i�n�ii,��:d .,� .uiti tinic
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