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Lender's written agrcement o~ applicable law. Borrower shall pay the amount ot all mort~a~e inwraate premiums Sn the
maaner provided under paragraph 2 heroof.
Any amounts disbursed by I.ender punuant to tha paragnph 7, with intercst thercon, shall become additional
indebtedness af BoROwer socurcd by this Mottgage. Unless Borrower and t_ende~ agrce to other ternu of payment. such
amounts shall be payabte upoo notice from I_ender to Borc~owe~ requesting payment thereof. and shall bear intercst from the
date of d'ubursemeot at the rate payable from time to time on outstanding principal under the Note unless payment of
interest at such rate would be contrary to applicable law, in which event such amounts shall~ bear interest af the highest rate
permiuible under applicable Iaw. Nothi~g contained in this paragraph 7 shall require Lender to incur any expense or take
any action hereunder.
8. I~pectba. I.ender may make or cause to be made rcasonable entries upon and inspectio~s of the Propeny. pmvided
that Lendei shall give Borrower notice prior to a~y such in~spoction specifying nasonabk caux therefor relatod to Lender':
i~terest in the Troperty. w°;. ~
9. Coademnatba. The proceeds of any award or claim for damages. direct or consequential, io co~ncetion with any
condemoation or other taking of the Property, or part thsrcof, or for conveyance in lieu of condemnation, are hereby suigned
and shall be paid to Lender.
. In the event of a total taking of the Propeny, the procee~ sball be applied to the sums secured by this MoKgage.
with the excess, if any, paid to Borrowcr. In the event ot a panial taking of the Property. unless Borrower and I.ende~
othenvise agree in writing, therc shall be applied to the surns secured by this Mortgage such proportion of the proaeds
as is equal to that proportion which the amount of the sums secured by this Mortgage immediately prior to the date of
taking bears to the fair market value of the Property immediately prior to the date of taking, with the balance of the pr~oceeds
paid to Borruwer.
If the Property is abac~doned by Borrower, or if, aftcr notice by I.ender to Borrower that the rnndemnor oRen to make
an ~award or uttle a claim for damages, Borrower fails to rapond to Lender within 30 days after the date such notice is
mailed, Lender is suthorized to collect and apPly the proceeds, at Lender's option, either to restoration or repair of tbe
Property or.to the sums secured by~this Mortgage.
Unless Lender and Borrower otherwise agree in writing. any such application of proceeds to principal shall not eacte~d
or postpone the due date of the monthly installments rcferred to in paragraphs 1 and 2 hereof or change the amount of
such installmcnts.
10. Borrower Not Rekased. Exte~sion of the time for paymcnt or moditication of amortiution of the sums secured
by this MoRgage granted by Lender to any successor in intercst of Borrow'er shal) not operate to release. in any manner.
the liability of the original Borrower and Bonower's successors in interest. L'ender shall not be requircd to comme~ce
proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the sums
secured by this Mortgage by reason of any c~emand made by the original Borrower and Borrower's successors in interest.
ll. Rorbearaace by Leader Not s Waiver. Any forbearancc by l.ender in exercisiog any right or remedy hereunder. or
otherwiu afforded by applicable law, shall not be a waiver of or preclude the exerciu of any such right or remedy.
"fhe procurement of insurance or the payment of taxes or other liens or charges by Lender sha11 not be a waiver of Lender's
right to accekrate the maturity of the indebtedness secured hy this Mortgage.
l2. Remedks Cemulathe. All remedies provided in this Mortgage are distinct and cumulative to any other right_ or
remedy under this Mortgage or afforded by law or equity, and may be exercised concurr+ently, independtntly or successively.
13. Succe~ors aad Assi~as Bouad; ]oiat and Severd i.tabi~ty; -Capdoos. The covenants and agre~ments herein
contained shall bind, and the rights hereunder shall inure to, the rcspective succcssors and usigns of Lender and Borrower,
subject to ihe provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be joint and several. .
The captions and headings of the paragraphs of this Mongage arc for convenience only and ar+e not to be used to .
interprct or detine the provisions hereof. .
14. Notice. Except for any notice required under applicable law to be given in another . manner. (a) any notice to
8orrower provided for in this Mortgage shall be given by mailing such notice by certified mail addressed to Borrower at -
the Property Address or at such other address as Borrower may designate by notice to T.ender as provided herein, and
(b) any notice to Lender shall be given by certified mail, retum receipt requested, to i_ender
s address stated herein or to
such other address as Lender may designate bq notice to Borrower as provided herein. Any notice provided for in this
Mortgage shall be dcemed to have been given to Borrower or Lender when given in the manntr d~signat~d herein.
IS. Uniform Mortgn~e; Governia~[ i.av.; Severability. This form of mortgage combines uniform covenants for national
use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering
real property. This Mortgage shall be governed by the law of the jurisdiction in which the Property is located. in the
event that any provision or clause of this Mortgage or the Note conflicts with applicable law, such conflict shall not aHect
' other pravisions of this Mortgage or the Note which can be given efiect without the conflicting _provision, and to this
i end the provisions of tlx Mortgage and the Note are declared to be severable.
16. Eorrower's Copy. Borrower shall be furnished a conformed copy of the Note and of this Mortgage at the time
~ of execution or after recordation hereof.
~ 17. Transfer of tLe Property; Assumption. If all or any part of the Property or an interest therein is sold or transferred
~ by Borrower without Lender's prior written consent, excluding (a) the creation of a lien or encumbrance subordinate to
; this Mortgage. (b) the creation of a purchase money security interest for household appliances. (c) a transfer by devise.
"s descent or by operation of law upon the death of a joint tenant or (d) the grant of any leasehold intercst of three years or kss
~ not containing an option to purchase. Lender may, at Lender's option, declare all the sums secured by this Mortgage to be
~ immediatety due and payable. Lender shall have waived such option to aocelerate if, prior to the sale or transfer, I.ender
~ and the person to whom the Propeny is to be sold or transferred reach agreement in writing that the credit of such person 4
~ is satisfactory to Lerider.and that the interest payable on the sums secured by this Mortgage shall be at such rate as Lender +
~ shall request_ if Lender has waived the option to accelerate provided in this paragraph 17, and if Borrower
s successor in
interest has executed a written auumption agreement accepted in writing by Lender. Lender shall releau Borrower from all ~
~ obligations under this Mortgage and the Note. ;
~ 1f Lender exercises such option to accelerate. Lender shall mail Borrower notice of acceleration in accordance with ;
~ paragraph 14 hereof: Such notice shall provide a period of not less than 30 days from the date the notice is mailed within '
which Borrower may pay the sums declared due. lf Borrower fails to pay such sums prior to the expiration of such period,
~ [xnder• may, without further notice or demand on Borrower, invoke any remedies permitted by paragraph 18 hereof. ;
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€ NoN-UxtFOR*t CovErrsrrTS. Borrower and Lender further covenant and agree u followr. ~
s 18. Accelaatbo; Remedia. Fatcept as provWed in para`raph 17 hereof, opoa Sorrowe~s breac6 of asy rn~eoant or
agreemeot of Borrower in t61~ Mort~a`e,'indndiua tbe ca~enaats to pay whea dne aay sums sec~red b~ t6b Mort~a~e, Leader ~
prior to accekratios s6r~ mdl notice to dorrower as pro~ided ia p~ra`rapM 14 6ereof specNyios: (I) tLe br~each; (2) t~e actioe
reqnired to care sec6 breac6; (3) a datq uot las than 3A days frora t6e date tbe notke is waNed to ~orrower, lry wMkti web
breac6 ma~t be eared; sod (4) thst failure to cure soch bresch os or beforr tbe date s~eciBcd ~ the ~otfce mq resait ~
accderatlon ot !be ssms seeued by thb Mort~a~e. foreclosnre by jodkLl Pruceedio` asd sale ot tbe Piropert~. 'lbe ootice '
' s6~11 furtlier isfono Borrower ot tbe r1~6t to reinstats dhr accderation aad tre ri~bt to a~ert iw ttie foreclos~re proeeedie~ ~
E tLe eou-ezbteoce of a defank or any otbe~ defease of Bormwer to acceler~tba and foreclosors. If t6e breach is oot cored os
~ or betore t6e dste spcciRaa i~ tht eotiee. Lender ai Leedcr's option aap declare all of tbe s~ms ~ecared 6y t6it Mortsa~e to be =
i iwmedi~tdy dee aad p~yabk witbout f~ut6er demand aud ma}~ forecbse t6i~ Mortga`e by ~dkW pwceediq. Lender sra6
~ be eotitled to coUect ia sscb proceedia~ ~ e:peosa of toreclosrre, ioclodia=, bot nM lfmitea. to, rearo~a6le attoroe3rs tas,
~ sud costs ot docaseptary evideace, abdracb aod tiNe reporb. :
€ 19. Borrower's Ri~6t to ReiaNste. Notwitiutanding Lender's acceleration of the sums secured by this Mortgage. °
~ Borrower shall have the right to have any proceedings begun by Lender to enforce this MoRgage discontinued at my time
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