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$4 "" 00169
<br />Lender's written agrament or applicable law. Borrower shall pay the amount of all mortgage insurantx premiums in the
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Linder pursuant to this paragraph 7, with interest thereon, shall become additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrawer and Lender agree to tether terms of payment, sttefi
<br />amounts shall he payable upon notice from Lender to Borrower requesting payment thereof, and shall bear interest from the
<br />date of disbursement at the rate payable from time to time on outstanding principal under the Note unless payment of
<br />interest at such rate would he contrary to applicable law. in which event such amounts shall bear interest at [he hightat rate
<br />permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur arty ettpettae or take
<br />any action hereunder.
<br />>G Iwapertlea, I-ender may make or cause to he made reacnnaMe entries upon and inspections of the Property, provided
<br />that Lender shelf give Borrawer notice prior to any such inspection specifying reasonable pause therefor related to Ltemkr'a_
<br />interest in the Property.
<br />9. CaeiempHoa, The procesdx of any award or claim far damages, direct or consegtteetial, in conncetion with any
<br />condemnation or other taking of the Property, or part thereof. or for conveyance in lieu of condemnation, are hereby assigned
<br />and shall he paid to Lender.
<br />In tFte event of a total taking of the Properly. the proceeds shalt be applied to the sums secured by this Mortgage.
<br />with the excess. if any. paid to Barrnwer. in the event of a partial taking of the Property, unless Borrower and Lender
<br />otherwise agree in writing. there shall Fx applied u, the sums secured by this Mortgage such proportion of the proceeds
<br />as is equal to that propnriion which the amount of the sums soured by this Mortgage immediately prior to the date of
<br />taking bears to the fa;r marke[ value of the Property' immediately prior to the date of taking, with the balance of the proceeds
<br />paid to Borrower.
<br />If the Property is ahandonecd by Bnrnawer. nr if. after notice by Lender m Aorrowsr that the condemnor offers to make
<br />an award ar settle a claim for damages, Barrnwer fasts to rrsfx,nd to Lender within 3f) days after the date such notice is
<br />mailed. tender is amhorized to collect and apply the proceeds, at Lender's option, either to restoration or repair of the
<br />Pmpeny ar ±o the sums secured ha this Atangage.
<br />Unless Lender and Borrower otherwise agree in writing, any ouch application of proeeedx to principal shall not extend
<br />c,r postpone iht due date of the monthly instanments referred to in paragraphs I and ~ hereof or change the amourt of
<br />such installments.
<br />19. Borrower Nor Released, Extension of the erne for paymem or maxlification of amortization of the sums secured
<br />by this Mortgage granted by 1.encter to any succtxsor +n interest of Batrc,wer chart not operate to releaa7, in any manner,
<br />the liability of the ariginaS Borrawer and Borrawer'< successors +n interest. tender shall not he required to commence
<br />proceedings against such successor nr refuse m extend time f+,r payment or otherwise modify amortization of the sums
<br />secured by this Mortgage by reason of env dem:md made by the original Borrower and Borrower's successors in interest.
<br />1/. Forbear>mce 6v Lemke tint a Wrivsr. 4nc forhearaece by f ender in txtrcising env right or remedy heretmdu, ar
<br />cuhtrwise anarded hy' applfcahtt taw. shall pat he a waiver =wt +,r preclude the exercise o[ any such right ar remedy.
<br />The procurement of insurance ar tht envenom of t:+a c~ or other Lens or efiarges by I ender shaft not he n waiver of L_ender's
<br />right to ae[eierme the nraturin• of the +ndeh[ednr.s va^cured by th+s Alnrtpagc.
<br />12. Retatrdr[.-s Cumelatire. .art remed,cv pm1,dcd +n ±h+, 11t,rigagc are distinct and cumulative to any other right or
<br />remedy under the Martgage <v aflordcd he l-aa c.r rquuq and may fx eaerciunl a,na+rrentiv, indefK~nden[!y ar successively.
<br />IJ. Sacsessors uwd Assigns Bound; loin[ and Scores( I.tabdity; l'aptbes. The rnvenants and agreements herein
<br />.untamed shelf hind..md the eighty hereunder shall enure k+. the recpect+ce successuro and assigns of Lender and Borrower.
<br />subject to the pravistoos :,t paragraph " Kerrr,f .at! covenants and agreements o! Borrow°er shall be loin( and several.
<br />The eapliom sell headings of the paragtvpfec n[ thix A1c+ngage pre for a7nvenirnee only and are pat to be used to
<br />inlsrprst ar define the provisions htresrf.
<br />t0. Natise. Except for any pause rtyaircKl under applicabbte law a+ he given ;n anmhor manner. (a) any notice [o
<br />Rarcaw'er provided for *n this Mnngage shat! he g:yen by mailing such notice 6y certified mail addressed to Borrawer at
<br />the Property Addrexs or at such other addrtvs as Bornrwcr m:tS' des+gnate by notice 1n I.eneter ax provided herein, and
<br />t~} say notice to lsadrr shat: trs gtven by eerttnad reset, rr-ts+m rece;pt ngrtsstsd. to f.tnder's address stated herein or to
<br />such either address as C.sntler may designate t+y notice tc+ Borrower as providcct he eel n. Any notice. provided far in this
<br />Martgage shall Cx deemed to have hoop gocn to Borrows^r c+r I enr3cr whtn given in the manner designated herein.
<br />IS. Uniform tNerylage; Goverwiwtt Law; 5ereraftBiq-. t?r+s is=rm of mongagc combines uniform covenants for national
<br />rue and elan-uniform rc:a^snanh avilh timiteei variaaous by ju^sd+a-lion to cocistituto a unihamt security instrument covering
<br />real property This Mortgage Shan des gra-verned by the law of the jurrsdictian m wl+iaf; the Property is located, in the
<br />event that any provision or c[ausc et this Atari gaga or the Vate conflicts with appiicahls law, such conflict sfiall pat affect
<br />other provisions of this Martgage or €he hots ,yh,.h can hu' g+vsa erTect wuhrntt the cannictiag provision, and [o this
<br />end the pmviaians of the Martgage and the Nate are declared to rte severable.
<br />tf. iarmwer's Copy. Borrawer shat! h< turmshsd a coni'otmsd zapy of the Note and of this Mortgage ai the time
<br />c>f esecidiota ar after rceurdation her~eof-
<br />1?, 'I~aaaler wf tAe properryt Assumption. if ai! a,r any port of the Pmperty nr an tntsrest therein is sold or transfrtred
<br />fly Bornrw~r without L.arrder poor writttn v~rnsetu, excluding (a1 the crtaiian of a Lien ar encumbrance subordinate fa
<br />this Mortgage. {h) the creation of a purchast manly security mterext floe household appliances, (c) a transfer by devise.
<br />dsscsat ar by openttioa of }aw upon the death crf a lacer tenant ar id+ the grant oC env leasslsold interest of three years err less
<br />not containing an apriC.m to purchase. Lender may, at Lender's uptiem, d4clare all the sums secured by this Martgage to tee
<br />rmmediataiy due antl payable. Lsndar shalt hs.-e waived cosh oQtwn m acce(erats ;f. prior to the wle or transfer, Lender
<br />and the person io whom Che Property is w bt sold at transderrtd reach agreement in writing that the credit of such person
<br />is satisfactory to t..sader and that the intsn~st payable on the sttm; xecured by this Martgage shall be at sus:h rate as Lender
<br />shag renttest. If I.snder has waived the option to. acceltratc provided in thix paragraph 17, and if Borrower's successor in
<br />intstesi has executed a written assumption agreetttent accepted in writing by Lender. Lendsr Shan release Borrower from all
<br />abligatiarts under this Martgage and the Nuts.
<br />If Lerukr exercises sctch option to aecslerate. 1 ender shall mail Harrower pallet of acceleration in accordance with
<br />paragraph 14 heroot. Such notice shall provede a period of not less than 3t) days from the date the notice is mailed within
<br />which Borrawer may pay the sums declared due. !{ Borrower toots io pay sash cams poor to the expiration of such periocl.
<br />I..cntler rttay. without hirthsr notice nr dentarxl on Barrnwer. revoke anti rcmedtss psrm4ted hu paragraph I A hereof.
<br />Atc~rt-C;tttra7tat Cbvttxx+v'rs. Barrnwer and Lander fttrthst c:ovenar±t and as;rst as tui}aws:
<br />1M. Ateeiwttalw;.HRwtaBed Eaeept as provided et pmwgraph IT hererrf, upon Bwrawer's bnaeA of any eovsnaat ar
<br />atgneatet+ of ~arewwer is rhia Mortttrge, iaclrtdhrg the savemMs u. pay whew doe awy enters secured br this Martgage.
<br />(.coder pllat-p watalantiat s6M1 ma0 attire M Harrower as pr'avided to pwrttRraph 14 boreal apeaif}itrR: (ll 1ka breach;
<br />(3j tAe sells rgwited Io ewe wrh. breach; t31 a date, teat leas trop 10 days tram the dwe the rtolice Is [nailed to Harrower,
<br />~ which nee} ftsealeb tract Ira errtred; ~ttitrd fYl Ihat taWtte M crtn strap breach w ar before fbe date speri6ed is the aalke
<br />trrq raawh M rcxeleratiew af.the plead r+r+twed by this MortXttge> ftimkawe by jtrdkial -toeeedtiq and sale of the Property,
<br />The aailice rMll fwther aMaera Harrower of the rltM tw rewsNStt after accekrtMhrn and the rtittM to insert ro tht+ fnrerloawre
<br />prorwdiatl tAe aow~aaiAewre of a ds~fatdt at ttAy atMr Qefewte of Hurwwer to xcderrdiow and fereclown. It the bnacA
<br />L pat cored rsa at Aalatr the iaM-graclfhtd itr the pollee, l.swder m I.eadsFs optiww may decHn ttp aF the amps second by
<br />rbY Matsgagr r be t~1+ tlait ttiirA ltslygMs witbnut farther dewraad sad emry foresloae 6y judicial proceaBwg. Leader
<br />opal be eatiWd M caHact 4r wrh-praa'eaijag ~ ~ M fertchrawre, ircitrBttR, but wr Bmhed ta, oasts of duewsaeatark.
<br />brtdtwcr. ebMrarM awl Kde tt[pat'Nt.
<br />l#.. Htttrr.wafs Rlgflt Aa Rtlrwtate, Natwrthstandtng t.snder's accclsratxscn of the tstnLS sectored Cry this Martgage.
<br />1}ptrow cr sf+a~l hays the rit(ttt to have any pivstrrsdirxgs begun try ! €rrrksr to eaadotcs ihta liatigagr diseanunusxl at arty oleo
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