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<br />Lender's ~turittat agttesxnt or ~Pficablt lava. Bt7aTfower sba12 pay the aat~a~ctma m/ all rttrerigaigc irasutanrx pr-~rniuats in the
<br />rttattaer pat[widali urttier paragzagtlt 2 htteof.
<br />Aay amounts disbursed by Letsder ptmsttartt io this pssagtaph 'T> ,ivit$r interest thereon, sltaly 4ecotne additioanl
<br />indebtedness of Borrower secured by this Mortg:ge, Unkss Borrorvcr and Lender agrce to other terms of p:vtneat. such
<br />antattrtis shall be payable upcut ttgiicc front Letxlu to $rnrnwcr r,v;,,w;,,s payrttem tlxreof. aru! shad bear intcrtst from the
<br />date of disbursetrxm at the rate payable from time to time on outatattdmg principal ur:der dse Note tmkas paymatt of
<br />interest at such rate would lx contrary to applicable law. in which evtM such amounts shag bear interest at the highest rate
<br />pettniafbk under applicable law. Nrohing contained in this paragraph 7 shall require Letsder to incur arty expense or rake
<br />any cation hereunder.
<br />E. Impectkta. Ledder may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that Lender shall give Borrower rtoticc prior to any such irtspection specifying reasonable cause thr_refor related to Lertder'a
<br />interest in the Property.
<br />9. Caedemrntion. The proceeds of any award or claim fns damages, dircet or consequential. in connection with any
<br />condemnation or other taking of the Proptty, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned
<br />and shall be paid to Lert~r.
<br />In the event of a total taking of the Property, the proceeds shall be applied to the sums soured by this Mor+.gagt.
<br />with the excess, if any, paid to Bortowcr. In the event of a partial taking of the Property, unless Borrower and Lender
<br />otbetwix agrce in writing, there shall be applied to the sums secured by this Mortgage such proportion of the proceeds
<br />as is equal to that proportion which tfie amount of the sums secured by this Mortgage imm~diateiy prior to tbe date of
<br />taking bears to the fair market value of the Property immediately print to the date of taking. with the balance of the proceeds
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower, or if. after notice by Lender to Borrower that the condemnor offers to mate
<br />an award or xttle a claim for damages, Borrower fails to respond to Lender within 30 days after the date such notice is
<br />mailed. Lender is authorized to collect and apply the proceeds, at Lender's optitt>o, either to restoration or ttpair of the
<br />Property or to the sums se.-ttred by this Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend
<br />or postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of
<br />such installments.
<br />10. Borrower Not Rehasrd. Extension of the time for payment or modefication of amortization of the sums secured
<br />by this Mortgage granted by Lender to any successor in interest of Borrower shalt not operate to rekax, in any manner,
<br />the liability of the original Borrower and Borrower's successors in interest. tender shall not be required to commence
<br />proceedings against such succeuor or refux to extend time for payment or otherwise modify amortization of the sums
<br />secured by this Mortgage by reason of any demand made by the original Borrower and Borrower's successors in interest.
<br />?l. s~orheusatt by Leader Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable law, shall not be a waiver of or preclude the exercix of any such right or remedy.
<br />The procurement of insurance or the payment of taxes or other liens or charges by Lender shall not be a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />12. Rettted~ Ctmtnlative. All 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. Saeawsors and Aotigns Bound; Joint attd Several Liability; Captions. The covenants and agreements herein
<br />contained shall bind, and the rights hereunder shall inure to, the respective successors and assigns of Lender and Borrower,
<br />subject to the provisions of pazagraph 17 hereof. All covenants and agreements of Borrower shall be joint and xveral.
<br />The captions and headings of the paragraphs of this Mortgage are for convenience only and etc not to be used to
<br />interpret or define the provisions hereof.
<br />i4. Notre. Except for any notice required under applicable taw to be given in another manner, (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, and
<br />tb) any notice to Lender shall be given by certified malt, return receipt requested, to Lenders address stated herein or to
<br />such other address as Lender may designate by notice to Borrower as provided herein. Any notice provided for in this
<br />Mortgage shall be deemed to have been given to Borrower ar Lender when giver[ in the manner designated herein.
<br />15. Utriform Mortgage; Govetni~ Lsw; SevetabBity. This form of mortgage combines uniform covenants for national
<br />use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security inatniment covering
<br />teal property. This Mortgage shall be governed by the law of the jurisdiction in which 4be Property is located. In the
<br />event that any provision or daux of this Mortgage or ifie Note conflicu with applicable law, such conflict shall not affect
<br />other provisions of this Mortgage or the Note which can be given effect without the conflicting provision, and to this
<br />end the provisiotu of the Mortgage and the Note are declared to be xverable.
<br />it+. ErFrrowet°s Copy. Borrower shalt be furnished a conformed copy of the Note and of this Mortgage at the time
<br />of execution, or after t>xordation heron€:
<br />17. 'I'eam[er of the Property; Assomptioa. If all or any part of the Property or an interat therein is sold or transferred
<br />by Borrowr~ without Lender's prior written consent, excluding (a) the creation of a lien or encumbrance subordinate to
<br />this MartgaE^.. (b) the creation of a purchax money security interest for houxhold appliances, (c) a transfer by devise,
<br />decant or by operation of law upon the death of a joint tenant or (d) the grant of any Icaxhold interest of three years or less
<br />not containing an option to purehax, Leader may, at Lender's option, declare all the sums soured by this Mortgage to be
<br />immediately due and payable. Lender shall have waived such option to aecelecate if, prior to the sale or transfer, Lender
<br />and the person to whom the Properly is to be sold or Yransferred reach agreement in writing that the credit of such person
<br />is satisfactory to Lender and that the interes! payable on the sums secured by this Mortgage shall be at such rate as Lender
<br />shall request. If Lender has waived the option do accelerate provided in this paragraph 17, attd if Borrower's successor in
<br />interest has executed a written assumption agreement accepted in writing by Lender, Lender shall releax Borrower from all
<br />obligations under this Mortgage and the Note.
<br />If Lender exercises such option to accelerate, Lender shall mail Borrower notice of acalrration in accordance with
<br />paragraph 14 bereof. Such notice shall provide a period of not less than 30 days from the date the notice is mailed within
<br />which Borrower may pay the sums declared due. If Borrower fails to pay such sums prior to the expiration of such period,
<br />Lender may, without further ratio or demand on Borrower, invoke any remedies permitted by paragraph 18 hereof.
<br />Note-Urart+otess CovexerrTS. Borrower and Lender further covenant and agrce as follows:
<br />18. Actdetation; Rettse~ea. Liacept as provided to paragraph t7 hereof, upon Borrower's breach of any covenant w
<br />agreeanent of Borrower iA this Mortgage, includhtg the covenants to pay when doe any sums scented by this Mortgage,
<br />Lender pttior to aco>a sLak mail notice to Borrower as provided is paragraph 14 hereof specifyi~: (1) the borsch;
<br />(2) the aeries regaieed b core wch brestb; (3) a date, cwt less Brett 30 days from the date the notice ~ maBed to Borrower,
<br />by whtth troth brooch ism[ be tared; sad (4) that taBare to tnrc anth brcat6 on or befor¢ the date specified in the notice
<br />may tea# M acceleration at the wets scented by this MortEagq toreciosure by juditlal proceedfog sad sate of the Property.
<br />'lire sotlee trdaH further hdaear Borrower of the right. to reinstate sleet accelerattoo attd the tfght to assert in the foreclosure
<br />~oeeedid{ lire ooa-ert<ateuet of a defauk or say of6ter defeme of Borrower to acceleration sitd fotetlosare. B the breach
<br />is cot enrEd on or before fhe die spet~d trt the entire, Lender at Lender's option may declare a® of the sums scented by
<br />this Mort~e to fie je~ely dot attd ~ysble witheat farther demand asd may foreclose by judicial proceednog. Lender
<br />ehaB he ettt>tled to eoBect io soch proceeding aB expetnes of forecbsnre, ittclndlag, but not limited to, coats of docamcnMry
<br />evidence. abetratq and title t'tpotts.
<br />19. Bortoweds Right to Rehretate. Nohvithstanding Lender's acceleralion of the sums secured by this Mortgage.
<br />$ort~vsr shall have fire right to have arty pm: tedings begun by Lender to enforce this Mortgage discontinued at any time
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