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<br />~ey<<t'aVt,/e4~ c33- i,._ 5622
<br />$4 --= »G0678
<br />Lender's writttn agrcemmt or applicable law. Borrower shall pay the amount of all mortga~- insurance premiums ao the
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by ixnder pursuant to thin paragraph 7, with inteteat thereon, shall bttetrme additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Borcower and Lender agrtx to-other' tomes of: payttsem, itucli-
<br />amounts shall he payable upon notice from Lender to Borrower requesting payment. thereof, and ahaB bieacintacat from ihr
<br />date of disbursement at the rate payable from time to time on outstanding principal- under-xhe Nttte.:tbtiess .ptyma[tt of:
<br />interest at such rate would be contrary to applicable law, in which event such amouna tdulLbt~r irtterestex:the hughttf rate
<br />permissible under applicable law. Nothing contained in this paragraph 7 shill requite Lmdec;to ittcuc;tmy:axpaw or oleo
<br />any action hereundu. - -.. ' -"
<br />g. Itsttpecliaw. Lender may make or catfae to be made reasonable cotrim upon and inspections ~ the Property. providCd
<br />that (xnder shall give Borrower notice prior to any such inspection specifying reasonable entree thetefta nlated•to I.cndar's
<br />interest in the Property. - -:
<br />9. Ctttsdemtstttfaa. The proceeds of any award or claim fnr damages, direct or consequential, in conneedWrwithany
<br />condemnation or other taking of the Property. ar pan thereof; or forconveyattce in lieu of condemnation,.are•httehy asdgtad -
<br />and'shali be paid to Lender. -- ~ "'
<br />In the event of a total taking of the Property, the proceeds shall be applied [o the sums- aecutrod:,tiy-thissMtrttgage:-
<br />with the excess, if any, paid to Borrower !n the event of a partial taking of the Property; unless Borrower<and Lelider
<br />otherwise agree in writing, there shall Ix applied to [he sums secured hl' this Mortgage such. proportion of the protxeds-
<br />as is equal to that proportion which the amount of the sums secured by this Mortgage imrnediatefy:prior to:thr dolts of
<br />taking bears to the fair market value of the Property immediately prior to the date of taking. with the-balantt of-4ht proceeds
<br />paid to Borrower. - -
<br />If the Property is abandoned by Bnrrower, or if, after notice by Lender.tn Borrower thiE the condemnor ol&n to tnaltff<
<br />an award or settle a claim for damages. Borrower fails to respond to Lender within 30 days after the darC=such notice-:is
<br />ma:ed, Lender is authorized to collect and apply the pra^.eeds. at Lenders option, either to eestoraiion-ar repair tst~the'
<br />Property or to the sums secured by this Mortgage.
<br />Unless [xnder and Borrower otherwise agree in writing, any such application of proceeds to principat shy}1-Etot,tatmd-
<br />nr postpone the due date of the monthly installments referred ro in paragraphs I and 2 hereof or change- the atftmrnC of
<br />Guth installments.
<br />10. Borrower Not Released. Fixtenstor, of the nine for payment or modification of amortization of the sums secured
<br />by this Mortgage granted by Lender to any successor m interest of Borrower shall not operate to release, in any manner;
<br />the liahdity of the original Harrower and Borrower's successors in interest. [..ender shall not be required to commence
<br />proceedings against such successor or refuse to extend nine for payment or otherwise modify amortization of the sums
<br />Secured by this Mnrtgage by reason of any drmand made by the original Borrower and Borrower's successors in interest.
<br />xl. Forbeuaatt by (xnder Not a Wtrt+er. .4nv forbearance hti Lender in exercising env right or remedy hereunder, or
<br />othetwisc x(ferdrd by applicable law, shall not t+e a waiver of air preclude the exercise of any such right or remedy.
<br />The procurement of insurance or the pave?eat of tares c r other liens er charges by Lender shall not be a waiver of Lender's
<br />right to accelerate the maturity of the mdeb[edness ,ectsrrd by th~c Mortgage.
<br />t2. Remedka Camulatlre. Att remedies provided in this hfongage are distinct and cumulative to any other right or
<br />remedy under this Mnrtgage er afforded by lira- or egwro. and ma}' he: eterc~srd concurrenth~, independently nr sucerssively.
<br />iJ. Srrrcesson and Asians Bound; Joint and Several Liability; Captitms. "t*+e covenants and agreements herein
<br />contained shall hind. and the rights hereunder shall inure to. the rrspecnve successors and assigns ut Lender and Borrower.
<br />subiect to she provisions of paragraph !" hereof '111 tnvcnants and ;egrcements of Borrower shall he join[ and several.
<br />The capuans and headings of the paragraphs +~~ ;tits Mortgage arc fnr a>nvenience onI}' and are nn[ to 6e used to
<br />snterpret or define the pruvtsians hereof.
<br />I0. Notice Bxcapt for any notrs:e requud under applicahlc law to be grveo in another manner. (a! any notice to
<br />Borrower provided fnr m this Mnrtgage shall he grvrn M maain>; ,ooh nouce by renified mail addressed to Borrower at
<br />the Pro{+em' Address or at such other :eddms> as Bnrrower noz} designate by natirr to Lemler as provided herein, and
<br />fb) any notice u+ i.cnder chat! F±e given tiro cernfled maxi- reu3rn ~e;:eipt requested. to Lender's address stated herein nr to
<br />arch other address as Lender ma} drs>,unate bs nut+cc u~~ BCxr>;ver as provided hereto. ~~nv notice provided fnr in this
<br />4xorigage shat! Fu deemed to have hero given to Rorrnw er ,,r I ender when given in the manner designated herein.
<br />I5. ['nit»rm Mortgage; Governing Law: Stverahility. T?nc bvm of mortgage cc+mbitre3 tmifnrm covenants for national
<br />use and nort-unitonn awenam. with lirmted '. aria!ions E,e fnr,d:a i,•n t< a*nsunne a uniform security instrument covering
<br />real property "?'his Mortgage shall hr gevtrned r*s the l.eu ,.t the !un,dicnon in which the Proptry is located. In the
<br />cvrnt the: nap prov:s+on or claux of thin Mortga~r :•+ !tic Vote acrd?lets with epp7icabir law, such confliri shalt not affect
<br />;xher provisux+s of this Mortgage or the Vn~c ~.+h~cr. <. r; be s,+rn riles +urhrnrt the aonfticting pruviston. and to this
<br />end the provision ,+t the Mortgage and rhr ~,,tc ,. re :irJared ~.. he ;evetable.
<br />16. Borrower's Copy, Borrower ,hats hr furni,hrd e ~,~r+;,•rmed ,.env +,f the Von- :soil of the Mortgage at the time
<br />,,f rxecufion or after aa+rda[inn hereof-
<br />17. Transfer »f the Property: .Assumption. R al: ,~r ram i~.:rt ~~'. ;he Pn,perrc ~,r an ~ntrrest therein i, sold or transferred
<br />by Bnra+w•cr wathoat Lender's erect wnnen rottaem. ~ech,dmg ~. ;tic creauen a~i a lira : r encumbrance ,ubordtnate to
<br />this Mortgage. !h1 the crratism .,f a parchasr m,mcs sercunty ~nterezt for fmusebeld appliances. ~ci a transfer h}' devise.
<br />descem or by unerat roe of law upon the death of ., rant trnan+ nr _ ~ _ ~~
<br />I , i ender mss..,: 1 ender', .~puun. declare ail the wen, secured bs this Mnrtgage h+ be
<br />~mmedratdy due .roil payable Lender what[ tins a+ waned ,ud> wptiun t, ,rn eleratr it pnnr to [tic ,ale of Vansfer_ 1 ender
<br />end the person k` when? the !'roperir t, to br ,old ,r; tran,trrred rea.h egrermeat m wrn:ng that the credit of such person
<br />+s sansf;tctory to tender and that the interest ; asahir ce the wv+, secured h, this M++rtgirge shall he at such rate a, (.cotter
<br />shall n.quesi If Linder has waived the opnan n• .,n-eier.nr provided m th„ paragraph t'- and if B,>rrourrt sus resent m
<br />Interest has executed a wnnen assumption agreement a:ccprad in ..nrng by I ender tender shall release Borrower tron? all
<br />obligaunns under this Mortgage and the Votr
<br />If (xnder exrreisrs cueh nVnen to accelerate. I cosset ~heil rna~l B=.rros er non:e ,+t a..celeraur,n m a.rordancr wnh
<br />paragraph i+ hereof Such nonce shall prov+de a pencil i~t not Irss than _'+tl doss tram the date the notice ~, maiiad within
<br />which Borrower ma}' pay the sums declared doe II Bonc cr f a.K ~o pap cueh .um, pnnr t„ the ccpvanor. rat ,u.h pencil.
<br />t.enaftr may. without farther not+cr or demand e.r. Borrower. ~mai.e any «-med+e, petnnue,i by paragrapfi I `< hereof.
<br />Noa.UNtrnaM CDVY.vnrv'rs Borrower and ixntler 'sootier ao,-slant and ngi ee x, follows
<br />ig. Aceekrrtirra: Remedies. Ferret as provided in paragraph 17 hen`r,f, upou Bonnwrrs breach of any covmam ar
<br />agttxtatat of Ilorrrmer in this !4xarlaape, iurludina ebt am enana to pay +. hen due ant sums secured by this ~fortgaat.
<br />leader prier fo turxMtYiat shag mail rwtire to Bnrrower as provided in paraaraplt Id hrrrot specifl'ina: 111 the hrrach;
<br />{3) the artloa repaired to cure such bresrh; fJt a daft. not less Than 3[I days from the date rue nolire is mailed to Borrower,
<br />by which stseh breach mew be cured; and t4i thni failure to rare such breach oa ar heforr the date specified in the srofice
<br />nray raavk is aecekratioa of rhr srrms strnrrd by this Martgnae, [areelosore by iadtcial proerrdina and sale o[ rite Prtrparty.
<br />The ediee shill ftaiMtr inform N+~r»wer of rho riahf to reimftato after ucceloralfon end Ebe right to assts in the frtrrciasurc
<br />prote.edirrg flit non-taisttocc of a drfanlt or any other Arfrrwr of Brmrowtr to tfrrtleratinn and farerlrnnrr. If the breach
<br />is tMM rated on ur trrfon flit dale rpeci6esi in the antler, L:raler at [.rrniers npliou mast dtrtare all of rhr hums ur°urrd 6y
<br />fhb Nartytatte to bo immediately due and payahk without fanhor drmand arfd may forer(rrse by /trdiciai ptm~etdirta. I a:nder
<br />shalt be trrtf[kd ua oatiert fn such prorerdMia till ohprmrs a[ fotec(nsure. inrlftd(rrp, lint oat limited ta, crest of dar-nme»tary
<br />t«fdewce, atrstrara and title rtpnrss.
<br />t4, •eernwaFs Right to Rtfaraatt. -_-,s ::h~t:,rwltr+g i_cn~.es ;~;n;gtnt a.~n ,a ~t,r ..,nu •. s,.c6 is ate tii,atva
<br />t~rreswae shall tr~vs rho ri.~ftf tc+ FruvE anV p+:+_eedtngs hcgon h - i :nde+ ;,- e.n>,.r° rt: 41~ :r.<~ r-- .w....+, ,i e, • trmr
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