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<br />Leader's,'a^riitttn agrumlxtt or appticaitle law. T3onoowtr' sliatl pay the s~+m+ of vtl morigagt irn~Ylraad:C la=trr_iiur~ in the
<br />manxur ~r`ov'tdcd under paragr:ph 2 ',M:rwi.
<br />Any amounts disbursed b}' Lender pursuant to this paragraph 7. with iarcrost thereon, shalt tsrcorrfe additioritl
<br />indtb!tdrttas of Borrower secured ley this Martgagc. L`ntess Borrower nerd Landes agm ro other terms of payment, such
<br />araotnita shaft be payable upon notice from Ltisder to Borrower requening payttxnt tfiertof, and shall bear interest front lire
<br />daft of disiniracme:it aY the rate payabe from tip to time on auntanding principal under the Note unless paym~at of
<br />interest at such rats would be txmtrary to applicable law, in which went such amounts shalt tzar imtrest at the higttes! raft
<br />pernsisa'ble antler applicable law. Nothing contained in this paragraph 7 shalt require Lender to inwr any exprnx ~ take
<br />arty action hereundu.
<br />t<. laspec73rm, Lender :nay make or cause to be made reasonable enxrits upon acrd inspections of ibe Property, provided
<br />that Lender shad give Borrower notice prior to any such inspection specifying reasonable muse ibetefar related to Lender's
<br />interest in tbe Property.
<br />9. C.eedenumtlon, The proceeds of any award or claim for damages. direct ar consequential, in contuction with any
<br />condemnation or other taking of the Property, or part thereof, or for conveyance it '"~_u of condemnation, are hereby assigned
<br />and shall be paid to Lender.
<br />In the event of a total taking of the Property, the proceeds shalt be applied to the sums secured by this Mortgage.
<br />with the excess, if any, paid to Borrower. In the event of a partial taking of the Property, unless Borrower and Lender
<br />otherwise agrce in writing, there shall be applied to the sums secured by this Mort3age such proportion of the proceeds
<br />as is equal to that proportion which the amount of the sums secured by this Mortgage immediately prior to the date of
<br />taking bears to the fair market value of the Property immediately prior to the date of taking, with the balance of the proceeds
<br />paid to Borrower.
<br />if the Ptoptrty is abandoned by Borrower, or if, after noeice by Lender to Borrower that the condemnor offers to make
<br />an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days afrer the date such notice is
<br />maim, Lender is authattized fo colleU and apply the proceeds, ai Lender's option, either to restoration or repair of the
<br />Property or to the sums secured by this Mortgage.
<br />Unless Lender and Borrower tHberwix agree in writing, any such application of proceeds to principal sha0 ntx extend
<br />or postpone ifie due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount tsf
<br />such installments.
<br />1®. Borrower Not Released, Extension of the time for payment or modification of amortization of the sums secured
<br />by this Mot~gage granted by Ixitder to any successor in interest of Borrower shall not operate to release, in any manner,
<br />the liability of the original Borrower and Borsower's successors in interest. Lender shat! not be required to commence
<br />proceedmgs against such sttecessor or refuse to extend time for payment or otherwise modify amortization of the sums
<br />securt~ b3` this Mortgage by reason of any demand made by the original Borrower and Borrower's succeswn in irrterost.
<br />il. Forbpiraiom by Lender Not a R'aiver. Any forbearance by Lender in exercising any right or romedy hereunder, or
<br />otherwise afforded by applicable law, .shalt not be 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 charges by Lender shalt not be a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />12. Remedisa C®rulatlve. Atl remedies provided in this Mortgage are distinct and cumulative to any other right or
<br />remedy under this Mortgage or afforded by law or equity. and may be exercised concurrently, independently or successively.
<br />13. Sacenaswa and Bound; Joint and Several 1.~biBty; Csptfoas. The covenants and agreements heroin
<br />contained shall hied, and the rights hereunder shalt-inure to, the respective successors and assigns of Lender and Borrower,
<br />subjeM to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shaii be joint and xveral.
<br />The captions and headings of the paragraphs of this Mortgage are for convenience only and are not to be used to
<br />interpret or define the provisions hereof.
<br />14. Nodee. Except for any notice required under applicable law to be given in another tttaitner, (a) any notice to
<br />Borrower provided for in this Mortgage shall be given by mailing such notice by certified mail addressed to Borrower at
<br />the Property Address or at such other address as Borrower may designate by notice to Lender as provided herein, amt
<br />(b) any notice to Lender shaii be given by certified mail, return receipt requested. to Lender's address stated herein or to
<br />such other address as Lender may designate by notice to Borrower as provided berein. Any notice provided for in this
<br />Mortgage shall ire termed to have barn given to Borrower ar Lender when given in the manner designated herein.
<br />15. UnRorm Mortgage Governing Law; Severa6gily. This form of mortgage rnmbitxs uniform rnvenants for national
<br />ux and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument rnveting
<br />teat propert7;. 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 conflicts with applicable law, such conflict strati not affect
<br />other provisions of this Mortgage or the Nate which can be given effect withant the conflicting provision, and to this
<br />end itte provisions of the Mortgage and the Note are declared to be severable.
<br />iti. Borrower's Cry. Borrower chaff be furnished a conformed Dopy of iht Noit and of ibis Martga~ at the time
<br />of txecutian or after recordation hereof.
<br />lT. Transfer of tiro ltropaty; A~mption. 1f all or any part of the Property or an interest therein is sold or transferred
<br />by Borrower without Lender's prior written consent, excluding (a) the creation of a Tien or encumbrance subordinate to
<br />this Mortgage, (b) the creation of a purchase money security interest for household appliances, (c) a transfer by devise.
<br />descent or 6y 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 m purchax, Lender may, at Lender's option, declare 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 Prtrperty is to be sold or transferred reach agrcement in writing chat the credit of such person
<br />is satisfactory to Lender aitd that the interest payable on the sums secured by this Mortgage shall be at such rate as Lender
<br />shall tsxlueat. if Lender bas waived the option to accelerate provided in this paragraph t7, and if Borrower's successor in
<br />inrorest has executed a written assumption agreement accepted in writing by Lender, Lender shaft releax Borrower from all
<br />obligations under this Mortgage and the Note.
<br />If under exercises such option to accelerate, Lender shall mail Borrower notice of acceleration in accordance with
<br />paragraph 14 hereof. Such Halite shalt provide a period of Hat less than 30 days from the date the notice is mailed within
<br />which Borrower may pay the sums declared due. If Borrower fails ro pay such sums prior to the expiration of such period,
<br />Lender may, without further notice or demand on Borrower, invoke any remedies permitted by paragraph t 8 hereof.
<br />Nox-Unrti~oans Cavertetvrs. Borrower and Lender further covenant and agree as follows: ;_,~
<br />1g. Accderattom Remedka. Except >6 provided in paragraph 17 hereof, upon Borrower's breath of any coveoat or
<br />agreement of Bartnsrer M tlrfr Mortgage, ieclading the covenants to pay when tine any salsas secured by this Morlgsge,
<br />Leander peter ba actdualiaa s1arB rnaB notice to 19oerower a prorided in paragraph 14 herof specifying: tl) the broth;
<br />{3j tLe aetleo reepdeed M edam saieh beeaeh; (3j a ~, net teat than 30 days from the date the notice 18 mailed to Borrower,
<br />by whieli stech breach meet 6e s~ and {4) that faBere to tart sech hearth tw or before the date specified in the tsotice
<br />mat santt to tkedesa~on of the cetme"aerated by ebb Mortgage, fomlware 6y mobil, proceeding anti sale ~ the 1Property.
<br />The saline shoB iwther worm Borrower of /hc right fe reimlme after acceleratlon and the rtgbt to assert is the foreeltrsare
<br />the non-ez~acs of a dei~tt .t any other defense of Borrower to acceler~ioa and foreciasare. II the breach
<br />B sat raced-oa or before the die mad is the aetlee, leader at Lender's optba may declare aB of the snms secured by
<br />tffis Mortgago to be imme~u0dy tine anti payabb wilhoet further demand and may foreclose by judidal proceeding. Lender
<br />be etatltlad to ciiNaet ~ rich proceeding aB eapeasas of torexbsnre, lnctndiag, bet not Bmtted to, torts of documentary
<br />evfdeaee, rdtatracH and tale teparb.
<br />3i9. Eairrowte:'s BJgit to AeinNaee. Notwithstanding Lender's acceferatioii of the sums secured by this Mortgage,
<br />Borrower shall have the tight to have any proceedings begun by Lender to enforce this Mortgage discontinued at any time
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