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<br />001869
<br />1 ender'. ,, ;,[ ;, ;, ,,gres•ment oe apphe ible law HOrrO%cr shall pay the amount of all mortgage insurance premnems in the
<br />manner proy,dcd under paragraph 2 hereof.
<br />Any amounts dishursed by Lender pursuant to this paragraph 7, with interest thereon, shall become additional
<br />mdebtedness of Borrower secured by this Mortgage Lloless Borrower and [_ender agree to other terms of payment, such
<br />date of d shorseme payable
<br />the ratct�payablc front Lender
<br />time Borrower ume on nstandi�ayment thereof. and shall bear interest from the
<br />interest it such rare would he contrary, to applicable law, sir which event such amounts lshale bear einterest atlthe highest rate payment of
<br />any under applicable law Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />action hereunder.
<br />fi• Inspection. Lender may make or cause to be made reasonable: entries upon and inspections of the Property, provided
<br />that Lender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />9. Condemnation. The proceeds of any award or claim for damages. direct or consequential, in connection with any
<br />condemnation or other taking of the Property. or pan thereof, or for conveyance in lieu of condemnation. are hereby assigned
<br />and shall he paid to lender.
<br />In the event of it total taking of the Property, the proceeds shall he applied to the arms secured by this Mortgage.
<br />with the else,, if any paid to Borrower In the event of a partial taking of the Property, unless Borrower and Lender
<br />otherwi,e agree in writing. there shall he applied to the sums secured by this Mortgage such proportion of the proceeds
<br />as is e(Plal to that proporrion „hich the amount of the sums secured by this Mortgage immediately prior to the date of
<br />raking Erasers to the fair market value of the Prnpert, immediateh'
<br />paid to Borrower prior to the date of taking, with the balance of the proceeds
<br />If the Property is abandoned its Burrower, or if. after notice by Lender to Borrower that the condemnor offers to make
<br />an award or settle a claim for damages. Borrower faits In respond to Lender within 30 days after the date such notice is
<br />mailed, render is authorized to collect and apply the proceeds. at I eider's option, either to restoration or repair of the
<br />Property or to the sums secured h, this Mortgage
<br />l.'nles, I ender and Borrower otherwise agree in writing, anv such application of proceeds to principal shall not extend
<br />or postpone the due dare of the monrhiy
<br />in referred to in paragraphs I and 2 hereof or change the amount of
<br />such installments
<br />10. Borrower Not Released. Extension of the time for payment or modification of amortization of the sums secured
<br />by this Mortgage grunted by Lender to am su:ressur in interest of Borrower shall not operate to release, in any manner,
<br />the liability it the original Burrower and Borrower's successors in interest. Lender shall nor he required to commence
<br />proceedings against such successor or refuse to extend time for payment or otherwise modify amort[ration of the sums
<br />secured by this Mortgage hx reason of .im def' I'd made hr the original Borrower and Borrower's successors in interest.
<br />11. Forbearance by Lender Not a Raiser. Anv forhearanec by Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded by arartLe r hew . shall not he a waiver of or preclude the exercise of any such right or remedy.
<br />The procurement of insurance or nc� pacrme!,, nt t.,,es or other hens or charges hp Lender shall not he a waiver of [_eider's
<br />right In., eicrate the mattirlly of [he :ndchtedncss sec ;ucd by this Mortgage
<br />12. Remedies Cumulative. • ll remedic, pro,ided n, ehis Mortgage are distinct and cumulative to airs other right or
<br />remedy under This Mortgage or afforded h, law ,.r c•quuy and may he exercised enncurrenfl,. indcprndemis' or her right o'
<br />13. Successors and Assigns Bound: Joint and Seseral Liabilih; Captions. The rnv, inde . de ag+eemocc herein
<br />contained shall hind, and the righ:s hereunder shall inure to the respective Captions.
<br />and assigns offender and Borrower.
<br />subjec; h, •i,, pr „isiom of p,iri r., p!, I- here„t at I'
<br />co,cn.ntls and .agreement, of Borrower shell he lams and several
<br />The captions dad headings of the Para r.iphs of this Mortgage are for ,onvemence onh and are not tic, he used to
<br />interpret or define the pro,isiom hereof
<br />14. -Notice. Except for an, notice re,,,_ed under applicable Lts, to he given in another manner. far am notice to
<br />Borrower prosidcd for in [his Sforrea_e %ha!l he coca h, mailing such notice by certified mad addressed io Borrower at
<br />the Property Address or m such other laic•., is B,,iruucr roal dewgna[e by notice to lender is provided herein, and
<br />(b) am' noise 'o lender shall he e "c• h, ,eft'llcd mail. return receipt requested, t, 1- radar's address stared herein or to
<br />such other address is Lender m.i. dc,i natc h•, noh:e r„ Borrower as pro,idld herein er* notice provided for in this
<br />Mortgage shall be deemed :o h.,,e theca gi,en to Borrower or 1 ender when given in the manner designated herein
<br />15. Uniffirm nor'- Mortgage; Governing Law; Severabflit. This form of mortgage combines uniform covenants for national
<br />use and non - uniform anenants woh hmued ,ariations by lunuhcton to a,nstitule a uniform sesame instrument covering
<br />real property This Mortgage s,c be ce,crned hs the law of the !urisdiction in which the Proper» is located In the
<br />event that any provision or clau,c of chi, Mortgage .,r the Note conflicts with applicable law, such conflict shall nor affect
<br />other proti,tons of [his Mortgage er ncc ': !c which can he given effect without the conflicting prmision. and to this
<br />end the provisions of the 4fortgage and the `sob: are declared to %c u•,erahie
<br />16, Borrower's Copy, Borrower ,hall r,c for,,, shelf a conformed cop} of the Note and of this 'Mortgage at the time
<br />Of execution or after recordation hereof
<br />17. Transfer of the Proper»; Assumption. it It or an% p.irt of the Proper" or an interest therein is sold or transferred
<br />this Horrower wrthopt Lender's poor written consent excluding tai the creation of a lien or encumbrance subordinate to
<br />this Mortgage. [hl the :reation of It purchase rn nay se,uritx interest for household Appliance%. tic) it transfer by devise.
<br />descent or by operation of law ti n the death each ` ' of , int tenant or
<br />onA of 'a
<br />Lender may, at 1 ender'. option declare all the sums secured by this Mortgage to be
<br />mmedrarcl, auc and pasdhle I ender shall ha,c uaoed su:h option nil accelerate if. prior to the sate or transfer. Lender
<br />and the person to whom the Prupert, +, to he ,old or irdnsterrcd reach agreenteni lit writing that the cred;tcof such person
<br />is satisfacrorn in I envier and that the mierc,[ pdsabic on the .Will secured hs this Mortgage shall be aF,such rate as Lender
<br />shall request If I ender has waoe,l the opur.n to acreler; is provided u, rills paragraph 17, and if Borrower's successor n,
<br />interest has exccu(cd a written assumption agreement accepted in ,rmng by I endcr. Lender shall release Borrower from all
<br />obligations under this Mortgage and the Note.
<br />If Lender ecerciscs such npton to accelerate 1 endcr shall nail Horro,scr notice• of asulerauon m accordance with
<br />paragraph 13 herecd Such notice shall provide a proud of nor less than ill ,lay, from the date the notice is mailed within
<br />which Borrowwer may pay the sums declare) Lille I; Borru,ser taut, to pay such sum, prior In the expiration of such period,
<br />ender may, without further nonce or dcneand ..n borrower, ur,oke an, remedies permdled by paragraph I hereof.
<br />I,ign•L!virz+a, (. ")yENA.tiry Borrower and I clider further solcliant and agree• as totuws
<br />18. Acceleration; Remedies. F,xcepe as provided in paragraph 17 hereof, upon Borrower's breath of any covenant or
<br />Leader of Burrower in this 11 mail e, including the cl)venanly 14r pay when due anv sums secured by ihh %lortgag .
<br />header prior to acceleration shalt mail nutlet In
<br />Borrower as provided In paragraph 14 hereof specifying: (1) the breach;
<br />12) the action required to cure such breach; 131 a date, not less than 30 days from the dale the notice Is mailed to Borrower,
<br />by
<br />MsY result such breach on must o be lured; and 14r that failure to cure such breach on or before the date specified in the notice
<br />The notice shall further Inform Burrower rot then right to 'reinslg let after leaecelerrtinniand Proceeding
<br />ighitilge Yasvert llnrthehfolrecloaure
<br />proceeding the rson•es6lence of ■ default it any other defense of Horrower to acceleration and foreclosure. If the breach
<br />Is not cured l)n or before file dale wpe"hed i') the notice, Lender at Lender's')Pill)'] moy declare all of the yams secm'ed Its
<br />Ill Martgryte to he immediateh due aril parable without further dernand sod may forechrvr by judicial prexeeding. 1 trader
<br />,loth be entitled to udar,I in such proceeding all eslmnses of furetl_nfr. including. tut nil Ihnlled dr, costs ,c documentary
<br />evidence. strxhat is and Iitic iclrorls.
<br />19. Brrrnrwrr'v Right It, Rcln,lrlc
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