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<br />I.ertsJer's written agtt or applicable law. Borrower shall pay the am~ouet of all mortgage ins!_rrance premiums in the
<br />manner ptovidod under paragraph 2 hetxof.
<br />Arty ttmounta disbursed by Lender pursuant to this paragraph 7, with interest thereon, shad become additional
<br />indebteditcrs of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment, such
<br />arrtrwnta shall be psyebk upon notice from Lender to Borrower requesting payment thereof. and shall bear interest ftrnn the
<br />date of disburstmaeirt at the rate payable from tip to tune ors outstartdi3rg principal under the Note unless payout of
<br />intermit at Birch rate would be contrary to applicable law, in which event such arnounta shalt bear interest at the highest rate
<br />permi~ble tinder applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any experrx or take
<br />arty action hettaroder.
<br />E. Lender may make or cause to 6c made reasonable entries upon and inspections of the Property, provided
<br />that Lender shall give Borrower mice prior to am such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />4. CaedemaaHoa. The proceeds of any award or claim for damages, direct or consequential, in connection with any
<br />t:ortdemnation or other taking of the Property. or part thereof, or for conveyance in Lieu of condemnation, are hereby assigned
<br />and shall be paid to Leader.
<br />in the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Mortgage.
<br />with tree excess, if any, paid to Bottower. in the event of a partial taking of the Property, unless Borrower and Lender
<br />otherwise agree in writing, there shall be applied to the sums secured by this Mortgage such proportion of she proceeds
<br />as is equal to that proportion which the amount of the sums secured by this Mortgage immediately prior to the dace of
<br />taking bears to the fair market value of the Property immediatcty prior to the date of taking, with the balance of the proceeds
<br />paid to Borrower.
<br />If the Property is abandonal 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, Borrower Fails to respond to i_ender 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 to the sums secured 6y 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 t and 2 hereof or change the amount of
<br />such installments.
<br />1®. Harrower Not Released. Extension of the time for payment or modification of amortization of the sums secured
<br />by this Mortgage granted by Lender to any successor in interest of Borrower shall not operate to release, in any manner,
<br />the liability of the original Borrower and Borrower's successors in interest. [.ender shalt not be required to commence
<br />proceedings against such successor or refuse 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 Borrowers successors in interest.
<br />11. Farla~rtmee by Leader Not a 1Vaivez. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable law, shall not Fee a waiver of or preclude the exercise of any such right or remedy.
<br />The procutmrtmt of insursrtce 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 />1Z. 6amahrtltre. All remedies provided ~n this Mortgage arc 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. Seiccaears and ArHgm Bound; Joiot curd Several f.iablrNy; Caplitrm. The covenants and agreements herein
<br />contained shall bind, and the rights hereunder shall inure to. the respective successors and assigns of i,ender and Borrower,
<br />subject ro ttre provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be joint and several.
<br />The captions and lteadirtgs of the paragraphs of this Mortgage are for convenience only and are eat to be used to
<br />interpret or define the provisions hereof.
<br />14. Notice. Except for any notice required under applicable law to be given in another manner. (a) any notice m
<br />Borrower provided for in this Mortgage shall be given by malting such notice by certified mail addressed to Borrower at
<br />the Propery Address or at such star address as Borrower may designate by notice to Lender as provided herein, and
<br />(b) any notice to Lander shall 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 herein. Any notice provided for in this
<br />Mortgage shat) be deemed to have been given to Borrower or Lender when given in the mnnncr dpignated herein.
<br />lg. UaNorm Mort age; Goreroiag l.aw: SevertsbiYty. This form of mortgage combines uniform covenants for national
<br />use and nonuniform covenants with Ismited variations by jurisdiction to constitute a uniform security instrument covering
<br />real property. This Mortgage shall be governed by the law of the jurisdiction ;n which the Property is located. In *.he
<br />event that any provision or clause of this Mortgage c?r the ?store c+?nflicts with applicable law, such conflict shalt not affect
<br />other provisions of this Mortgage or the Nate which can be given effect without the conflicting provision, and to this
<br />end the provl~ana of tl~ Mertgagt and the >uN~ arc ~,!aretl to lxi severable.
<br />lti. Illorrower's Copy. Borrower shall 6e rurnislted a conformed copy of the Note and of this Mortgage ai the time
<br />of ratexution or after recordation hereof.
<br />19. 'lYwtar of the t4opdty; Aewrwtptioa. if all or any part of the Property or an interest therein is sold or transferred
<br />by Borrower without Lendu's prior written consent, excluding (a) the crcaHon of a lien or encumbrance subordinate to
<br />tLtis Mortgage, (b) the creation of a purchase motxy security interest for household appliances, (c) a transfer by devise,
<br />dtaceirt or by operation of law upon the death of a joint tetwna or ld) the grant of any leasehold interest of three years or less
<br />rest containing an option to purchace, Caroler may, ai Lender's option, declare all the sums secured by this Mortgage to be
<br />immediately due and payable, tender shall have waived such option to accelefate if, prior to the sale or transfer, Lender
<br />acrd rite petrton to whom the Property is [o be sold or transferred reach agrcement in writing that the credit of such person
<br />is satisfactory to Lender and that the interest payable as the sums secured by this Mortgage shalt be a[ such rate as tender
<br />shall regneu. if Lender has waived the option to accelerate provided in this paragraph 17, and if Borrower's successor in
<br />iotetrst has executed a written assumption agrecntt:nt accepted in writing by lender, Lender shall release Borrower from ail
<br />obligatiwir urdw thin Mortgago and the Note,
<br />tf Lender exercises such option to accelerate. Lender shall mail Borrower notice of acceleration in accardanco with
<br />paragraph 14 hereof. Such notice shall provide a period of nut less than 30 days from the date the: notice is mailed within
<br />whidr Borrower may pay the sums doclarad due. If Borrower fails to pay such sumo prior to the expiration of such period,
<br />Lender easy, withotu trotter notice at demand on Burrower, invoke any remedies permitted by paragraph 18 hereof.
<br />Nntt•U[ttPauYi Covtiitertrs: Honower and Lender further covenant arm agree as follows:
<br />IL Areeietpstiesi; Iteattedkr• Ilasep4 ae ptrorided >a paragttrpi li btrsof. open Barrut+er'a breach o[ say carttaaat or
<br />of >fcsrotrer ht stets Motes, lacitttdiag tie roreaaaGr t@ pay wiea rhea ..y sass aeettued by thin !Nara,
<br />I,saiMr ptttar is aenieealioa ahaY snail aoMce b Sarrewu ai preritkd b psnegrap4 1{ Isaraat sprcltyiq: ft) tie bleach:
<br />(2y His aetlgs re(ahad to CWe Ia1ch hreacb; iii a dab, sot lass rhos Jt7 days crow tie dab tlMt woticc is tanYed to Ilotrower,
<br />h9' seriieh ~ treat:![ natal ie etrrAdl toad i4} tlatt taYtsre to cure aaci preset oa nc betere tie date spsriNed io tie eotlce
<br />t~ aA ecca~aEga at the rawts speared by tys Mortrate, rarectttwre iy la~eW peoceediatj sad sal. at tie rreperfy.
<br />'11ie traMca ahaB ttvttlils 4lrtitcw 6oitower of the right to relartate ache acrdmatioa sad tie right ttr serest b tie [ertxlorwe
<br />ptsoattdhtg tlee roa•etdeteaete of a thtbtah yr say other defeare or larrowec to acreYragoa and /oreclgrttrc, It lie bread
<br />Y sat rtrsetl oa or ietate the dab sperplisd is tie atNkq Leader at LeatMr'r opdoe tasty dechtct it8 at sir stress aerared by
<br />shit Mttrl~a fe lte leettsadttlely doe sad paytdtle wNimrt farther tktaaad sad may foreclose by iadlcW procet:dirtg. Leader
<br />rMMp M ettNged ~ t~rct tr arseh ~ aB ezpearer er far+ecttaare, iactad~, but sot stated to, rope of dort-weabty
<br />er}tltrbee, air#netr attA tMk nytoAr.
<br />t!. lt~t- 4 >hatsrta_se. Notwittuiandtng Lender's accelerxtton of site sums s+re?tad by this Mortgage,
<br />rr±vrer have tLe r~ltt to hays any proceedings t±4gun by Lnder to enforce [h~: Mortgage; :!iscuntintted at any time
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