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Form z3~8 B ~ ~ ~„ 1) ~) ~ c~ ~'~
<br />Lenders written agreement ar applicable law. Borrower shad pay the amount of ail martgaae insurance premiums in the
<br />manner provided umier paragraph 2 hereof.
<br />Any smarms disbursed by Lender pursuant to this paragraph 7. with interest thereon, shalt become addition,.:
<br />ittdebtedrtess of Borrower securtd by this P.fortgage. Unless Borrower and Lender agzee tc other terms of payment, such
<br />amounts-chaff be payable upon naive from Lender to Bnrmwer requesting payment thereof. and shalt bear interest from the
<br />dart of disbursement at the rate payable felon tune to time an outstanding principal under the Note unless payment of
<br />interest at such rate would be contrary to applicable law, in which event such amounts shaii bear interest at the highest rate
<br />pettrtiasfbk under applicable taw. Nothing contained in this paragraph i shaft require Lender to incur any expense or take
<br />arty action hereunder.
<br />>L faspeetloe. I_endtr may make or cause to be made reasonable entries upon and inspectiors of the Property. provided
<br />that Lerner shalt give Borrower native prior to any such inspection specifying reasonable cause therefor related to Lender`s
<br />interest in the Property.
<br />9. Coadetnreetilotr. The proceeds of any award or claim far damages, direct or consequential, in connection with any
<br />condemnation or other taking of the Property. or part thereof, ar for conveyance in lieu of condemnation, are hereby assigned
<br />and shad be paid to Lender.
<br />In the even of a total takin¢ of the Property. the proceeds shall be applied to the cams secured by thie b:ortgage.
<br />with the excess. if any. paid to 11`orrowec Tn the even€ of a partial taking of the Prapertv, unless Borrower and Lender
<br />otherwise agrce in writing. there shall he applied to the sums secured by this aViartgage such proportion of the proceeds
<br />as is equal to that proportion which the amount of the sum: secured by this Mortgage immediately pricer ro the date of
<br />takirtg bears to the fair market vatue of the Property immediatey prise ro the date of taking, with the balance of the proceeds
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower, or if, afar notice tw Lender M Barcower that the condemnor oifere to make
<br />an award or stlBe a claim for damages, Borrower fails to respond to Lender within i0 days after the date such notice is
<br />mailed, Lender is atrthorized to cai!eet and apply the proceeds. at Lender's option, either to restoration or repair of [he
<br />Property ar to the sums secured t,y this Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing, am such application of proceeds to principal shah not extend
<br />or postpone the due date of the manthty installments referred to in paragraphs I and 2 hereof or change the amount of
<br />such installments.
<br />1B. •orrower Not Reb*ased. Extension of tht time for payment nr modification of amortization of the sums secured
<br />6y this Mortgage granted by I~nder to any successor in toreros of Borrower shall oat operate to release, in any :nanner,
<br />the liability of the original Borrower and Borrower's successors in interest. Lender shall oat be required to commence
<br />proceedings against such successor or refuse to extend time for payment or otherwise madih~ amortization of the sums
<br />censured 6y this Mortgage I:y reason of any demand made by the original Rnrrawer and Borrower's successors in interest.
<br />tt. Forbeateare by Lender !Vol a Wniver. Any farhearance Fv ixnder in exercising am• right or remedy hereunder, or
<br />otherwise afforded by applicable taw, shall oat be a waiver of nr preclude the exercise of any such right or remedy.
<br />The procurement of insurance ar the payment of taxes or other liens or charges t+y [.ender shall not he a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness accumd by this Mortgage.
<br />12. Retesedies Cutatslatirr. All remedies pros°ided in this Mortgage xro distinct and cumtdativc to any other right ar
<br />retnedy under this Mortgage ar afforded by taw or equin~..,nd rosy tx exercised concurrently, independently yr successively.
<br />13. Sarersaoss std Aasites Bound: Jaiat sad Several LiaMllty; Captiotut. Mite covenants and agreements herein
<br />cantaittexi shall bind, and the rights hereunder shall inure to. the respective successors and assigns of Lender and Borrower,
<br />subjeM to the prcwisions of paragraph 17 hermf. All covenants and agreements of Borrower shall be taint and several.
<br />Tire captions and headings of the paragraphs of this Martgagc arc far canvenirnce only and arc not to he used to
<br />interpret ar define the provisions hereof.
<br />11. iVo/iee. Except far any notice required under applicable law ut be given +n another manner, cal any notice m
<br />Borrower provided (or in this Mortgage shall be given by mailing such native by certified mail addressed to Borrower at
<br />the Property Address ar st such other address as Barrawer may designate by notit:e to Lender ^s provided herein. and
<br />fb) any notice to Lender shall he given by certified mail, return rrcegx regtttsted, w Lender's address stated herein or to
<br />such other address as Lender may designate h} notice to Borrower ns providedl herein. Any nonce provided for in this
<br />Mvrtgttge shaii tte cieented to have tteen given tv harrower ar E,t:nder wittn given iu the run»ner designs€ed herein.
<br />is. Uaittt~ hlotisa<te; Co.errda` t~>.: Se.rrabilHy. iTtis form of mortttage combines uniform covenants far national
<br />use acrd :trot-ttstif~srm _?venasfi witft timit+id veriatiens by ;:t<dt4ts?rt tv cutsstitute a uuifurm security instn+ment covering
<br />tsal p€f=psr!y, This ?4lertga~ shtt be euvernt•ct i y the ~,:- .•t the turisdicttatt to which the Property :s Iceated. [n €he
<br />event that env provision ar cfat+x c.f ti.+ ,'vfart^.~agt .~. tn~ --..,i..~ :ttl.~.. •:..h :.p):li_«•.`-i: taw. =ugh efie4t xitaii [s:~: affect
<br />~~ pr=ut;: :~ t~+~ ~fort~age sr the ?votr which pan ~ >?+vtn effect without the cuntlicting pravisivn. :ntci to ibis
<br />ertd the provisions of the Mortgage and the 'vote tee ieciari,d t-. lets severable.
<br />Ili, lorrowsr`a Copy. Borrawcr shaii iu fnr.r.shed + ~ ntirmed ti spy ±+f the Notr attd of chic Mortgage of thL iit~
<br />of cxet:utian or after rctordatian hereof.
<br />17. TraMfer ref the truprrty: Aasuatption. if ail orsny part of the Property or an interest therein is sold or transferred
<br />by Borrower without Lender's prtor written conunt, +.•x,luding +at the cn:ation of a lien or encumbrance subordinate to
<br />this Mortgage, (b) the creation of a purchase msone} sk4unty ~nterrst for household appliances, ici a transfer by devise.
<br />deseertt oe by operation of taw trpctn the death ++f :+ jo+tu tenant ar td+ thr grant oC =toy Icasehald :merest of three years or less
<br />not containing an option to purchase, Lender may, at ! rnder's opuan, declare all the sums secured by this Mortgage m be
<br />imritediately dwt and payable, tender shall have tsatved vn~h option to uccelrrate if, prior w the sate ar transfer, f ender
<br />and the person to whom the Property is to be solo ar transferred reach agreetttent in writing that the cred+t of such persau
<br />is salisi'acanp to [,.ender and that the intrrc,t pa}atrle an the sum, segued by this Mortgage shall he ut such rate as Lender
<br />shall request, if [.ender has waived the option t++ u,celera€4 provided in this paragraph 17, and if Borrower's stsc;:evst?r in
<br />interest has executed a written assumption agrctnrcnt uc.:epted in tsriting by Lender, Lender shall release Barrawer tram all
<br />ohiigatirns under this Mortgage and the V c+tc.
<br />if Louder excrciscs such option to avcrterute. (.ender shalt mail Borrower n.riice of acceleration In accordance with
<br />paragraph I~ hereof, Such noticr shall provide a prricr.i rl' nut leas thou 1Q digs tram the date the natit:c is mailed within
<br />which Narrower may pay the sums declared dot:. If Burrower faits tv pay such sums prior to the txpiratian of such pt;ritxl,
<br />Lender rosy, without further notice ar cit:mand on Harrower, invoke any remedies permitted by paragraph IR hereof.
<br />Next-i.IxtroxM Coye.tsrr+rs. Btarntwer and l~endcr furtYtt:t cuveuunt and egret: as follows:
<br />1N. A,cCteleralil[nf RtawedBp. B,srrpt as prorided in pera~grapb ii hrrruF, upon Eurwver'tf breach of an} cnvettrtat nr
<br />sErtta~ewt of Nanroaa its tYls Mortgage, itscltadkag ibr covenants ro pay vsben des say suapi secured by tbk ;\furtgarle.
<br />Leaigr psior to ttsetJietta~be sYeU tarn holier io ittrruwer as provided in paragraph t3 hereof spec#yiag: 111 the breach:
<br />(2) tM acUwa regttiatretl to eWe each breach; 13) a dale, not kas tbaa tY dagys from the dale the ta/icc kr ntaikd to Sorrowrr,
<br />ley arltirlt aatek bratacit t~itttt !tE cared; toad (41 chat ttt8we to ewe such breach oe or betorr Ibe date spreilkd in the notice
<br />ttaty rtaap in ~cb~1E!€1t~iua of ihte, cttrsc secured bJ this liortg~r, f:vrrefr~urr ty ;ud_irtaJ procredinlf and sale of the Peaperty~.
<br />7'Isa taoNct ttYap tsuffaer ietorm Narrower ttf the risbt to reinstate alter acceleration attd the rigW to assert ip the forcvtoattre
<br />.~ line carte-catkgapce trt a +lrfaail rrt any arbor tlrhase of \orrowrr to ac¢ekratiat card frtrecbsurr. If ihr brertcit
<br />Yt aM clntsJ ae ar bctorr the dale specBled in iht troller, lxtader at irnder's option nosy dechtrc all rtf the ,urns srtured Dy
<br />~ = M be iintartlirtrly due sad Pa}'abMt wiMout fnrthrr demand and relay fwrclavt b} jadicial proceeding. f.rndr-
<br />shah tae teeHflad to collect lea awb pntrrrdlsg ail expellees of farrclwure, ittcfutBeg, bW cwt tiatittd to, casts of doeumea/ar)
<br />evlthsaee, a6dracb aed ! rrpor4t~
<br />14, li~rrtpxvtafx R1N4t W ~trte. 'vt*twttit4tan+?±ng L.;ndre's ,t4~'e(erattan „f ttx snm5 tccttred h} this Matt,gulec,
<br />~+rr>•wa€ shaft have the ti~hr tv have any procred'atgx tkgan k} 1-andet to tnfc tee th+; Sicatg,egr disconumiad at any tune
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