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Home My WebLink About0820 Lender's writlen agrcement or applicabb I~w. Botrower ~hall pay the anwu~t ot all morigage insuranoe premiutm in tbe manner providMi under parag~aph 2 hereof. Aoy ama~nts disM~rsed by t.e~de~ punuant to this paragraph 7, with intercst the~on. shall become additional indeb~odness of Borrower securcd by this Martgaae. U~Iess Borrower aod I.enJer aarce to othe~ te~ms of pa~rmeM. such . ~ amounts shall be payabk upo~ nc~tiee frc~m I.ende~ lo Borrower reques~ina payme~t thereof, aod shall bea~ intenst trom the date ot disbursement at Ihe ratc payabk f~om time to time on outatanding p~incipa) under the Note unkss payma~t oi interest at such rate would be cont~ary to applicabk law, in which event such amounts shall bea~ inter~.st at the hiahpt ra~e permissibk under applicabk law. Nolhing cantained io this pangraph 7 shall rcquire Lende~ to incur any expente oc talte i aoy action hereunder. F i~ectio~. [.ender may make or cause to be made rcasonabk entries upon and inspoclions of the Prope~ty. provided t that Lender shall give Borrowe~ ndice prior ta a~y such inspection specifyins rrasonabk cause tl~erefor related to l.a~ders ; interestin the Property. 9. Coaleia~albw. The proceeds of any award or claim for damaga, direct or consoquential. in eonnectioe ~ith an~ 4 condemnatan or dher taking of the Property, or part thercof, or for conreyance in lieu of condemnation. arc he~by a~si~t~ed i aed shall be paid to [.ender. ~ lo ~he event of a tot~l taking of the Propeny. the prceeeds ~hall be applicd to the sums securod by this Mortaaae. ~ _ 4 with the ezcess, it any, paid to Borrovrer. In ~he eveot af a partial taking af the Property. unless Borrovrer and L.ender otherwise agroe in writinR. therc shall be applied. ta the sums securrd by this Mortgage such pmportion of the proc~ede ~ u is equal to that proportion vrhich the amount of ~he sumc securcd by this Mortgage immediately prior to the dat~e ot ~ taking bears to the [air markct value of the Propeny immediately priar to the date of taking, with the balanoe of the prooeeds ~ paid to Borrowe~. ~ if the Property is a1?andoned by Bor:ower, or if. after notice by I.ender to Bomower that the condetnnor ofters to malce an award ar settle a claim for dam~ges, Borrower failc to rcspond to Lender within 30 days aher ~the date such notice is ; mailed. l.ender is authorized to collect and apply ~he proceeds. at l.ender's optio~, either to restontion or repair of tDe f Propeny or to the sums secured by this Mortgaite. ~ U~less Lender and Borrower otherwice agrce in writing. any such application of procoeds to principal shall not exta~d i or postpone ihe due date of the monthly i~stallments refemed to in paragnphs 1 and 2 hercof or charige the amount d ~ such i~stallments. ! z lA. eorr+owcr Nof Releised. Extension of 1he time for payment or modiRcatio~ of amortiution of the sums xcured $ by this Mortgage granted by Lender t~ any cuccesw~ in intercst of Borrower shall not opente to rekase, io any manner, ' the liability of the original Borrower and Borrowcr s siMCasors in interest. I.eode~ shall not be requircd to commenoe ~ proceedinas against such successor or rcfuce to extend time for payment or otherwise modify amortiution of the~sums ' secured by this Mortgage by rea.wn of any demand made by ~he oriR~nal Borrower and Borrowe~'s succestors in iMtrcst. ~ I1. Forbeara~ee b~ Lesder NM a Wdver. Any forfiearance by Lender in exercising any right or remedy heramder, or ? otherwise atforded by applicabk law, shall nc~t be a waiver of or preclude the exercise of any such ri6ht or remedy. ? The procurcment of insuranoe oc the payment of taaes or other liens or charge; by Ltnder shall not be a waiver of Leeder's ; right to accekcate the maturity of the indebtedness c~curcd hy this Mortgage. ~ 1Z Re~wcdics C~~Itlhe. All rtmedies.provided in this Mortgage are distinct and cumulative to any other risht or : rcmMy under this Mortgage or aRorded by law or equity, and may be eaercised concurnently, independauly or successively. `s_ 13. S~ece~ors s~d A~s Sound: Joiwt a~d Se~crd T.iabil~r, Csptioas. The covenas~ts and a~eemrnts herein conuined shal) bind, and the rights hercunder shall inur~ to, the.respoctive successors and assigns of Cender apd Borrower. subject to the provisions of paragraph 17 hercof_ All covenants and agrcemrnts of Bonower shall be jary and several. : The captions' and headings of the paragraphc of . this Mortgaae arc for convenience only and a~+e not to !fe u~ed to ' interpret or define the provisans heroc~f. } 14. Notiee. Except for any notice rcquircd under applicable law to be siven in another manr~er, (a) any notice to Borrower p~nvided for in this Mortgaee shall be given by mailing such notice by certifled mail addressed to Bonower ~t the Fmperty Addrcss or at such other addrcs.c as Bormwer may designate by eotice to i~nder .ss provided hercin, and (b) any notice to Lender :hall he given by certified mail, rctum rcceipt requested, to i_endet's address stated hercin or to such other address as Lender may decignate by nc+tice ta Borrower as provided hercin. Any notice provided for in this Mortgage ahall be deemed to have bcen given to Barrower or Lender when given in the manne~ designRted herein. - 1S. U~i[o~ Mort~e; Co~ersi~ Law: Serera6aNr. This form of mortaage combi~s uniform eoveeants for national ~ t use and non-uniform covenants with {imited variations by jurisdiction to constitute a uniform security instrument ooverinE f real property. This Mortgage shall be ~oyerned hy the law of the jurisdiction in which the Property is located. In the = event that any provision or clause of thic Mortgagc or the Note rnnflicts with applictbk law. such conflict shall not afExt other provisions of this Mortgage or the NMC which can be given eRsct without the conAicting provision, and to this ~ end the provisans of the Mortgage and the Nde arc declarcd to be sevenbk. ~ lf. ~on+nwer's Co'r. Borrower shall bc furnisheid a contormed copy of the Note and of this Mortgage at the time ~ of eacecution or atter recordation hercof. ~ 1~. .'IYa~ter ot t~e rro~erty; Assew~ptbs. if all or any part of the Property or an interat therein is sold or transterred ~ bp Borrower without I.ender's prior writtcn consent. excluding (a) the crcation of a lien or eticumbrance wbordinate to ~ this Mortaage, (b) the creat~cxi of a purchace monevi cecurity interat for household apPlianca. (c) a transfer hy devise. - ; dexent or by operation of law upc~ the death of a joint tenant or (d) the grant of any leasehold interest of threc ycan or kss ° not containing an option to purrhase. Lender may, at Lender s option, declarc all the sums aocurod by this MoR~sge to be ~ immediately due and payabk. Lender shall h~ve w•~ived s~~ch option to acceknte if, prior to the cak or transfer. l.ender E and the person to whom the Property ic ta be x~1J or transferrcd rcach agrcement in writin` that the credit of cuch person ~ is satisfactory to Lender and that the inicn~t payable on the sums secured by this Mortgage shall be at such rate ac Lender ¢ shall rcq~est. if Lender has waivod the option to acaknte provided in this paragnph I7. and if Bomuwer s~successor in ~ interest hu exceuted a written assumption agrcement uccpted in writing by Lender. Lender shsll rckase Borrower f~om all a oblj~ations under this Mortgage and the Note. g if i.ender exercisa such option to accelcrate. Lender shall mail Borrower notioe of accekntion in sccordancr v?•i~h pan~raph 14 hereof. Such notice shall provide a period of not las than 30 days from the date the notice is mailed within ~ which Borrower may ~y the sums declarcd due. If Borrov?+er fails to pay urch wms prior to the expiation of cuch pericd. ' ~ Lender may, without further notice or demand on Borrower. invoke any remedia permitted by pananph t~t hercc~f. ~ Notu-Ut+tFattit Cov~NS~s. BorTOwer and Lender funhe~ covenant and ap+ee as follaMS: ~ li. Aecden~tb~: Rewedk~s. Fxce~t a~ M'n~ided h~ryh 17 Mer~ot. rlo~ >omwers keaeL ot a~y e~reMwt K a~reea~at ot i~rro~wer ~ tkis Ma1aa`s, ~ tMe core~aMs to ~ wbe~ ~e aq ssws see~eei h tld~ Mo~a`e. i.e~ier peior 1o acede~tlo~ sW ~aY wotke to sorrower a~ *ro~taeA h pra~rapM i~ Utreot ~eet~yi~ (i) fre i~eacM: lt) t~e aeliow ~ ~ ee*ire~ Is c~+e we~ Meaer: (3) ~ ire. wot las Ww 3A days troai tl~e ~ale tl~e ~ofiee b~ei f~ Merrwer. b wbkr src# ireaci ~t ie cre~ a¦i N) tlat ta~re ~o c~e s~ecb keaeb o~ or retae tbe dde ysel~ei b t~e wotke ~sr ~es~lt i~ aceekrMie~ et Ire war ue~ by t1~4 Mort~aRe. to~eclos~re b}aicW lroesdM~ awi de d tbe h~o~eety. 71e w~tke . ; sl~ar t~cfrer idor~ >o~t~we~ ot tl~e riRM to eeh~dNe after iceekr~Mio~ ad tre ri~t b~ed h tl~e toe+[ekare ~nseee~ : ~ rie ~o~We~ce ot a~~It or aq otMer detebe of iorrower to accekraliow aw~ torecbwes. N tre M~eac~Y i~ ~ot e~si a~ or rdoee tl~e /ale qecii~i i~ tMe ~ofke. Le~ st I.e~ers o~tlo~ ~ acehee ar ot Ire s~~¦s sscae~ ~ tW M~1~e !s ~e ~ i~~ d~t a~i Nysbk wilYort trrlber demand aad ~asr toretlost d~t Moefia~e h' j~kW M~R. I.ender sUr } be e~tlAti to co¦eet i~ t~eY ~oc~edi~ r e:~easa pt foreclos~ee. I~cl~. !~t ~N ~ile~ M. rea~lc sltwser's ftes. ~ a~i c~sb ot ire~.'~e~hr7 e~faewee. a6d~aels MI~ lille reprls. ~ 1!. ~eetdwa's 1t~Mt t~ Rd¦aale• Ncxwithsundin~ Lender s scoekration of the sums securod by thro Mort=a~e. Borrawer shall have the ri~ht to have any procecdings hegun hy Lender to enfora this Mort~a~e disca~tinued at sny time ~ s BUkS ~U2 rrGE pz0 ~ ~ ~ ~ ~ ~ ~ ~ , - ,Y ~ ~ ' l.z. h-`!_ iL