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<br />I.w.nat~e'r"+; utip,tettii a~tr~eemcnt or s~ppl.cable Brant^_ Baurrrcn,cry?; cabala fray thw, annoinnt ta~f aMli mnortif,agr, Rrasiurr;ni:.n: pciemumrrttus i.. nhe
<br />m:rnntrr Trrn. vud:i.+', uutder B>atragratph " hrzec~~f_
<br />Ahta}~ anGC:trita rai~sbtr.~~se~d bw Lender ~~Iru'rsuant to fVu~iLx paragraph 'f. wash inteu~at tirereott. sha'l'l become uufi~¢"voe;al
<br />inde'o+edness of 3orrawer secured by this Mortgage- Lnkss Borcawer and ixnder agree to ether terms of paytnen?. such
<br />amounts shall be payable .;pan notice from Lender to Barrawer requesting psyrrtent tltcreaf, acrd shat! bear interest from tlse
<br />date of disbursement at the rate payable from time to lime on ou:standing principal under the Dote unless paytrttnt of
<br />interest ai such rate would be contrary to applicable law, in which event such amounts shalt bear interest at the ' ighest rate
<br />permissible t;eder applicable taw. Nothing contained in this paragraph 7 shall require Lender to incur any expense ar take
<br />any action hereunder.
<br />8, tnspecrion. Lender may make or cause to be made reasonable entries upon and inspections of the Property. provided
<br />that Lender shall give Harrower notice prior to any such inspection specifying reasonable catse therefor related to Lender's
<br />interest in the Property.
<br />°. Condemnation. The proceeds of any award or claim far damages. direct or consequential, in connection with an}'
<br />condemnation ar other taking of the Property. or part thereof. or for conveyance in lieu of condemnation. are hereby assigned
<br />and ..<,hal1 be paid to Lender.
<br />In the event of a total taking of the Properly, the proceeds shall be applied to the ;vms secured by ?his Mortgage.
<br />with the excess. if any. paid to Harrower. In the event of a partial taking of the Property, unless Borrower and Lender
<br />otherwise agree in writing. them shall be applied m the sums secured by this Mortgage such proportion of the proceeds
<br />as is equal to that proportion which the amount of the sums secured 67 this Mortgage immediately prier 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 Property is abandoned by Borrower. or if. after notice by Lender to Borrower that the condemnor offers to make
<br />an award or settle a claim for damages. Berm±cer fails to respond to Lender within 3Cl does after the date such notice is
<br />mailed. Lender k authorized to collect and apply the proceeds. at Lender's option. either to restoration or repair of the
<br />Propertti or to the sum, ,;;cured by Phis Mortgage.
<br />Unless Lender and Harrower othrru ix agree in writing. any such application of proceeds to principal shall not extend
<br />ar postpone the due date of the mnnthl}~ installments referred to in paragraphs 1 and ? hereof ar change the amrn;m of
<br />such installments.
<br />10. Borrower NM Released. Extension of the time for payment ar mndificatinn of amani~ztian of the sums secured
<br />by this Mortgage granted by Lender to any successor in interea of Borrower shall nm operate to release. in any manner.
<br />the liability of the original Borrower and Borrower's successors in interest. Lender shall nt+t he required to commence
<br />proceedings against such s;cccssor ar refitse to emend time for payment ar otherwise madifi" amortization of the sums
<br />secured ,`, this'... gage `- -easaa of any demand made by the arigtnai Barrawer and Borrowers succeswrs in interest.
<br />ll. ?NOebearance by Ixnder Not a Wainer. Any forbearance by Lender in exercising anti right or remed}' hereunder, ar
<br />otherwise afforded by applicable law. shall not he a waiver of ar preclude the exercise of am• such right or remedy.
<br />The procurement of insurance or [he payment of taxes nr ether liens or charges by Lender shall urn be a waiver of Lenders
<br />right 4n accelerate the maturity of the indebtedness secured hs this btortgage.
<br />lY. Remedies Cumulatise. All remedies pratided in this btortgage are distinct and cumulative to any ether right or
<br />remedy under this Mortgage. or afforded by law or equity. and may he exercised concurrently. independently nr successively.
<br />i3. Successors and Assigns Bound; Joint and Seretal i.iabdity: Captions. The covenants and agreements herein
<br />contained shall bind, and the rights hereunder shall inure to. the respective success: rs and assigns of tender and Barrawer,
<br />subject to the provisions of paragraph 17 hereof. Ali cavenanrs and agreements of Barrawer shall be joint and several.
<br />The captions and headings of the paragraphs of this Mortgage are for com•enience onl} and are not to ire used to
<br />interpret or define the provisions hereof.
<br />t4. Notice. Except far any notice regaired under applicable lain to be given in another manner fa) am• notice to
<br />Borrower provided for in this Mortgage shall be given ny nt:uling such notice tiv certified mail addressed to Harrower a[
<br />the Property Address or at such n*.her address as Bnrmwer may designate h} notice ro tender as pmvided herein. and
<br />fb) any natice to Lender shs11 be given by certified mail. return receipt requested. to Lender'; address stated herein ar to
<br />such other ao ,ress as Lender may designate by notice to Borrower as pmvided herein ,4 n}• notice pravided far in this
<br />?vortgage shah be deemed to have been giver. to Borrower or I ender uhen given in the manner designated herein.
<br />Is. [uniform M1inrtgage; Gas'erning Law; .rse-rerability. Tltis farm cif mortgage combines uniform covenants for national
<br />use and n.,::-uniform covenants with limited variati<:ns by iuris~~cfion tc cc,nstinrte a uniform securii} instrument c,~vering
<br />yea) p:c±perty. ?}cis binrigzge shz':l he „nverned '-" the lea of the uri=.dictinn in which the Property is located. In the
<br />event shat any prevision nr clause of this Mortgage ar the Note cnntiicts with applicable law, such cantiict shad oat affect
<br />otl~r prnvisi^,.^.- ^f this ?ft.^,rt2a~o .^. the ?gate ~Fl:i~l; r i--t avv~n 2iTtct without the cantlietine pravisian, and to this
<br />__ end the provisions of the Mortgage ar,d [hc Notc are declared to he .everahle.
<br />16, llorraweis Cap}. Barrou•er shall be furnished a conformed cap}• of the Nate anti of this Mortgage at the time
<br />of execution or after recordation hereof.
<br />17. Transfer of the Property: Assumption. if all nr an} part of the Pmpetty or an interest therein is Bald ar transferred
<br />by Barrawer withoat L_ender`s onion wrinen consent. excluding ta) the creation aI a lien ar encumbrance subonlinate to
<br />this btortgage, ih) the creation of a purchase money securiq interest Cor household appliances. Ic) a transfer by devise.
<br />descent c+r by operation of law upon the death of a joint tenant or ids the grant of any leasehold interest of three years or less
<br />net containing an option to purchase. Lender may. at Lender's option. declare all the wms secured by this Dfartgage !o be
<br />immediately due and payable. Lender shall have waived such option u+ accelerate if. prior to the sale or transfer. Lender
<br />and the pennn to whom the Property is to h Bald or transferred reach agreement ;n writing [hat the credit of such person
<br />is satisfactory to Lender and th:u the intcre~t payable an the sum; secured by this Mortgage shall he at such rate a; i.ender
<br />shall request. ti Lender has waived the apuon to accelerate provided in this paragraph 17, and if &xmwer's su. cesxx in
<br />interest has executed a written assumption agreement accepted in writing by Lender. Lender shall release Burrower from all
<br />obligations under this btortgage and the Note.
<br />If Lender exercises such npGon ur accelerate. l.erder shall mail Borrower natice of acceleratian in accnrdsncs• a~th
<br />paragraph 14 hereof. S•tr_h notice shall provide a period of oat less than 3t) days from the date the notice is mailed within
<br />which Borrower may pay the sums declared due. if Borrower tail: ra pay such sums prior to the expiration of such period.
<br />Lender ma}•, without further notice or demand an Horrauer, invoke any remedies permitted by paragraph iR hereof.
<br />Nux-utr'1FbaM f'ovennNrs. Borrower and Lender turther cavenattt and agree as follows:
<br />18. Acceleration: Remedies. Except as provided in paragraph (7 hereof, upon Borrower's breach of any covenant or
<br />agreement of Harrower in this Mortgage, including the covenants to pay when due any sums secured by this D•tortgage,
<br />Lender prior to acceleration shat! mail ttotice to Borrower as provided in paragraph 13 hereof specifying: {1) the breach;
<br />(Z) the action required to sure such breach, (3) a date, not less titan 30 days from the date the notice is mailed to Borrower,
<br />- _ by which such breach must be cured; and {4) that failure to cure such breach on or before the date sped&ed in the trotice
<br />'.may result in acceleration of the sums secured by-this Mortgage, #oreclosure by judicial proceeding and sale of the Property.
<br />-.The notice shell further inform Borrower of the right to reinstate after acceleratian and the right to assert in the foreclosure
<br />proceedng the two-existence of a default or any other defense of Borrower fa acceleration-and foreclosure. If the breach
<br />is trot cured on or before the date specified in the notice, Lender at Leader's option may declare all of the sums secured by
<br />this Mortgage to be immediately due and payable without further demand and may foreclose by judicial proceeding. Lender
<br />shah Ile entitled to collect in such proceeding :,ll exeetises of forecbsure, including, but trot limited to, costs of docuttreniary
<br />evidence, abstraels and titre reports.
<br />19. ;4t-,rrowe2s Right to Reinstate. Notwithstanding Lender's acceleratian of the sums secured by this Mortgage.
<br />Borrower shall have. the right 2u have any proceedings begun by Lender to enforce this Mortgage discontinued at any time
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