<br />Lender's written agtoemrnt or applicable taw. Harrower srrat£ pay the armum of alt mortgage instuartcc ptemitrnss in the
<br />manner o: evided under paragraph 2 Erereaf.
<br />Any amounts disbursed by Lender pursuant to this paragraph ',. with interest tixreon. shall become additional
<br />irtdcb:edness of Barroa+er secured by this Mortgage. Unless Borrower and Lender agree to outer terms of payrrtent, such
<br />amounts chart bz payable upon notice from Lender to Borrower requesting pavmeni thereof, and shall bear interest from f}x
<br />date of disbursement at the rate payable from time to time an outstandiag principal under the Noce unless payment of
<br />interest ai such rats would be contrary to applicable taw, in which event such amounts shag bear interest at the highest rate
<br />permissible under applicable law. Nothing contained in this paragraph 7 shat] require Lrnder to iaeur any expense or take
<br />atry actioc hereunder.
<br />B. I>mpecdon. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that Lender shah give Borrower ro@ce prior to any such inspection specifying reasonable cause t}terefor related io Lertdefs
<br />interest in the Property.
<br />9. Cottdtmeatian, The proceeds of any award or claim for damages. direct or cattsequential, in connection with any
<br />condemnation or oilier taking of the Property, or part [hereof, or for conveyance in lieu o£ condemnation, are hereby assignxd
<br />and shalt be paid to Lender.
<br />Tn [he event of a total taking of the Property, the proceeds shall be applied to the sums secured 63' this Mortgage.
<br />with the excess, if any., paid to Borrower. In the event of a partial taking of the Property, unless Borrower and Ixnder
<br />otherwise agree 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 the amount of the sums secured h}• this Mortgage immediately prior to the date of
<br />taking bears to the fair market vahte 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 o8ers to make
<br />an award or settle a claim far 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 option, either to restoration or repair of the
<br />Property or io the sums secured by this Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing, any such application of procP-,,:.ns to principal shat] re£ eztrnd
<br />or postpone thz due date of the momhiy installments referred to in paragraphs 1 and 2 hereof or change the amount of
<br />such installments.
<br />10. Borrower Not Released. Extension of the time for payment or modification of amortization of the soma secured
<br />by this Mortgage granted by Lender to anv successor in interest of Harrower shall not operate to release. in any manner.
<br />the liability of the original Borrower and~Borrower's successors in interest. [.ender shall not he required to commence
<br />proceedings against such successor or refuse io extend time for payment or atherw•ise 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 />ll. Forbearance by Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise afrarded by applicable taw, shall not be a waiver of or prec3ude [he exercise of any such right or remedy.
<br />The procurement of insurance or the payment of taxes ar 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 />t2. 8emedies Cmnulafive. Ail remedies provided in this bfcrtgage are distinct and cumulative to any other right or
<br />remedy under this Mortgage or afforded 6y taw ar equity, and may be exercised concurrently, independently or successively.
<br />13. Successors and Asvgns Boumt; joint and Several i.iabHity; CapNore. The covenants and agreements herein
<br />contained shall bind, and the rights hereunder shall inure to, the respective successors xnd assigns of Lender and Borrower,
<br />subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shah be joint and several.
<br />The captions and headings of the paragraphs of this Mortgage are for convenience only and are not to be used to
<br />interpret ar define the provisions hereoF.
<br />14. Notice. Except for any notice required under applicable taw to be given in another tnartner. (a) anv notice to
<br />Borrower provided for in [his 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 />(h) any notice to Cender shall be given by certified math return receipt refitrested. to Lender's address stated herein ar to
<br />sack ether address as Linder ,rev designate by notice to Borrower as provided herein. .4ny notice provided Cor in this
<br />Mortgage shall 'tee deemed to have tirxt: given to Harrr+.w•er er l,znder when given in the manner designated herein.
<br />15. Unii'arm Mortgage; Govereriag i,aw; Severat~ity. This form of mortgage combines uniform covenants for national
<br />use and non-unifoTt covenants with iimifed variatiers tsv jt:risdictan to canstitatz a uniform security instrument covering
<br />real property. This Mortgage sha(I be governtd by the !aw of the jurisd;ctien in which tt;e Propertt• is located. to the
<br />event that at•.y provision, ar clause of this Mortgage or the Note conflicts with applicable law, such conflict shall not affect
<br />other provisions of this Mortgage or the Note which can tie giver. effect without ilia con(iiciing provision, and to this
<br />end khe provisions of the Mortgage and the 'Vote are declared to be severable.
<br />16. Borrower's Copy. Borrower shat) be furnished x conformed copy of the Note and of this Mortgage at the time
<br />of execution or after recordation hereof.
<br />17. Tsarad'er of the Property; Asanmption. tf alt or any part of the Property or an interest therein is sold or transferred
<br />by Borrower without Lender's prior written consent, excluding fa) [he creation of a lien or encumbrance subordinate to
<br />this Mortgage, (b) ilia creation of a purchase money security snterest for houseltold appliances, (c) a transfer by devise,
<br />dexent or by operation of taw upon the death of x joint tenant ar (d) the grans of any leasehold interest of three veers or less
<br />not containing an option to purchase, Lender may, at Lender's option. declare alt 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 />xnd the person to whom the Property is ro ire said or transferred reach agreement ir, writing that ttte credit of such person
<br />is satis[actory to Lender and chat the interest payable an [he sums secured by this Mortgage shall be at such rate as Lender
<br />shall request If 1_ender has waived the option to accelerate provided in this paragraph 77, and if Borrower's successor in
<br />interest has executed a written assumption agreement accepted in writing by Lender, Lender shat[ release Borrower from ail
<br />obligations under this Mortgage and the Note.
<br />If Lender exercises such option £o acs elevate, Lender shall mail Borrower notice of acceleration in accordance with
<br />paragraph i•? hereof. Such notice shat! provide x period of not lzss than 30 days from the date the notice is mailed within
<br />which Borrower may pay the sums declared due. if Borrower faits to pxy such sums prior to the expiration of such period,
<br />i_ender may, without Further notice er demand on Borrower, invoke any remedies permitted by paragraph 18 hereof.
<br />Nox-UNteo6M CovvvwN'rs. Harrower and Under further caveaant and agree as foiiows:
<br />T8. Accclzratio®; B:emedles, Except as provided is paragraph l7 hereof, npon Borrower's breach of any caveaant or
<br />agreement of grower la this Mortgagq irtcioding the covenants to pay when dtw aay soots stcured by this Fiortg~e,
<br />Leader grape to acteteratios shrill mat native to Borrower as provided in paragraph IA hereof speeitytrtg: (I) the breach;
<br />(2) the actloa r~}oired to cnre soeh trreaeh; t3) s -date, not less than 38 days Iwm the date the notice es walled to Borrower.
<br />try whkh such breach enure! be cured; and (4) that fpllore to cure such breach as or before the dots specified in the mttict
<br />]aay rtsnft in aeeeteratiaa of tix curers secured by this Morl~e, Eoreclosare by )adiceal praeeediatt and ante of the Property.
<br />The aotiee shall ftuther 3a(arm listtrwwer of rise right to teirwtate otter acaeleration sad the riilht to assert io the foreclosure
<br />proceeding the oon~exdlaerMa wE a detaah or any other Aeteffie at Borrower fo xceteratioe a~ foreclostrre. If the breach
<br />is not cared wn ac before the date specified in the note, lender at Leader's option racy dtclart aq of the samx secured by
<br />Utk Mortgage to 6e Imsntdia4ety dnt and payable withaat €arihtr demand and racy toreeltrse by )adieial proceeding. tender
<br />sTsdt bz eaittkd to eotieM is wrrh proceeding all expemes of Eoreclosare, iariur>~, but twt limited to. ceA,s at docamtatary
<br />evidaa:e, abstracts sad tint reywrti.
<br />l$. Tier'+ws`tr's Ftlblbt to Etelmaatt, .'Notwithstanding t.ersdxr's accelerauon of the sums secured try this !tiortgagi•,
<br />T#tarrvrxer shah bouts tirz right to have any prsn-rxdings begun by Lcndet t.^, en {<rcz thss :dortg3ae <#ixontinuzd at anv trine
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