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. Lender's written agrremcat a applicable law. Borrower shall pay the amount of all mortgaae~ insurance premiums is the ~
meaner provided under paragraph 2 hereof.
Any amounts disbursed by Lender pursuant to this. paragraph 7, with interest thereon, shall become additional i
indebtedness of Borrower secured by this Mortgage. Unks= Borrower and !.ender agree to other terms of payment. strcir
amounts shall be payable upon notice from Lender Io Borrower royueuing payment thereof, and shall bear interest tt+ow the
date of disbursement st the rate payable from time to time on outstanding principal under the Note wiles: pa`yntwt of
interest at such rate would be contrary to applicable law, in which event such amounts shall bear interest at the hi~lrest rate•
permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur say expense a fate
say action hereunder.
A iu~cetieu. Lender may make or cause to b
+ms reasonable entries upon and inspections of the Property. provided
that Lender shall give Borrower notice prior td~tl~~trclittion specifying rcasonabk cause therefor related b Larder's ~
interest in the Property. ~
9. Cowieurrrsdorr. The proceeds of say award or claim for damages, direct a consequential. in connection with say !
condemnation or other taking of the Property, a part thereof, or for conveyance in lieu of condemnation. are hereby assigned
and shall be Pai4 to Lender.
in the event of a total taking of the Property, the proceeds shall be applied to the sums secured by the Mortgage,
with the excess, if any, paid to Borrower. in the event of a partial Taking of the Property. unless Borrower and I~eoder
otherwise agree in writing, there :hall be applied to the sums secured by this Mortgage such proportion of the proceeds
ss k 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 balarrtx of the proceeds
paid to Borrower.
If the Property is abandoned by Bor:over, or it. after notice by Lender to Borrower that the condemnor olkrs b note
an award or settle a claim for damages. Borrower fails to respond to Lender within 30 days after the date such notice La
mailed, Lender is authorized to collect and apply the proceeds. at Lender's option. either to restoration or repair d the
Properly or to the sums secured by this Mortltaire.
Unless Lender and Borrower otherwise agree in writing, sny such application of proceeds to principal shall not extard
a postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of
. such installments.
18. iiornwer NM Released. Extension of the time for payment or modifkation of amortization of the srmrs seared
by this Mortgage granted by Lender to any successor in interest of Borrower anal! not operate to release, in any manner,
the Lability of the original Borrower and Borrowers successors in interest. Lender snail not be required to corrrrrrenoe
proceedinp against such successor or refuse to extend time for payment or otherwise modify amortization of the sums
secured by this Mortgage by reason of sny demand made by the original Borrower and Borrower's wccessors in interest.
11. For6earatrce by I.ewier Not a Waiver. Any forbearance by Lender in exercising any right or remedy hetermder, or
otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy.
The procurement of in:uratree or the payment of taxes or other liens or charges by Leader shall not be a waiver of Larder's
right to accelerate the maturity of the indebtedness searr+ed by this Mortgage.
l2. Rerweiles Carrtahfive. All remedies provided in this Mortgage are distinct and cumulative to any other right or
remedy under this Mortgage or aRorded by law or equity, and may be exercised concurrently, independently or sueoessively.
_ ' 13. Sueeesiors aril Asslgtrs Borawds Joint sari Seferil i.isbiliyr; Captkts. The covenants and agreeprerrts herein
contained shall bind. and the rights hereunder shall inure to. the.rcspective successors and assigns of Lender spa Borrower
subject to the provisions of paragraph 17 hereof. All covenants and agreements of BorYOwer shall be jolty and several.
The captions' and headings of the paragraphs of this Mortgage arc for convenience _ only and are. not to 11e used to ~
interpret or define the provisions hereof.
11. Not3ee. Except for any notice required under applicable taw to be given in another manntr, (a) any notice b
Borrower provided for in this Mortgage shall be given by mailing such notice by certiAed mail addressed to Borrower u
the Property Address or at such dhcr address as Borrower may designate by notice to Tender s: provided herein, and
(b) any notice to Lender shall he given by certified mail. return receipt requested. to tender's address statod herein or to
such other address as Lender may designate by notice to Borrower u provided herein. Any notice provided for in this
Mortgage shall be deemed to have been given to Borrower or Lender when given in the manner designrtted herein.
1S. Udtorw Mortpge: t;oventLlt Law: Severabflity. This form of mortgage combines uniform covenants for national
use and iron-uniform covenants with limited variations by jurisdiction to constitute a uniform security irWrurrrent 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 aRcd
other provisions of this Mortgage or the Note which can be given effect without the conflicting provision. and to this
! end the provisions of the Mortgage and the Note arc declared to be severable.
lf. lsonewers Cow. Borrower shall be furnished a conformed copy of the Note sad of this Mortgage at the time
of execution or after recordation hereof. i
17. _.Trarter of t>te Prolerty: Aswwptiow. 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 creatiar of a lien or encumbrance subordinate to
this Mortpge. (b) the creation of a purchase money security interest for hornehold appliances, (c) a transfer by devise.
descent or by operation of law upon the death of a joint tenant or (d) the grant of any kasehoW interest of three yeah a less
~ not containing an option to purchase, Lender may, at Lender s option. declare all the sores secured by this Mortpge to be ~
immediately due and payable. Lender shall have waived :rich option to accelerate if. prior to the sale or transfer. Lender
i and the person to whom the Property it to be co1J or transferred reach agreement in writing that the credit of such person
is satisfactory to Lender and that the interest payable on the sums secured by this Mortpge shall be at such rate ac Lender '
:!tall 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 assumption agreement accepted in writing by Leader. Lender shall release Borrower from all
obljptions under this Mortgage snd the Note. ~
E if Leader exercises such option to accelerate, Lender shall mail Borrower notice of acceleration in accordanc-c v?•ith
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 wms declared due. If Borrower fails to pay :rich wms prior to the expiration of such period,
l Lender may, without further notice or demand on Borrower. invoke any remedies permitted by paragraph t g hereof. ~
NoK-Urvrt~on?t t'oveNerns. Borrower and Leader.further covenant and agree as follows: - '
I • It. Acceierstioaq Raueika. Ezeept s>z'roriiei i• ~seagrs*M 171rertd. repo /ernwere Maelt d awy eaveaewt er i
ap+eetweat d INrrrwetr Ira this MarlgaBe. iueirirtg t>,e eoraraNs b !~l' wlteu tae srry wws accurst h tMs Merlpge. I.tuier t
priatr f. seeelesatloo dtsr seat! works to Borrower as /ro.Med !u Mragrs/Ir 14 ttereot spccltyfa~gt (1) t!e Meaehc (>7 the taetkat
g retpir~ei a etrro wet ~rtati>; p) • d.h..w less grew 3t days fro. fife date t!e awffce b sestet M lernwer. ry wbkr swei
Meath swwat k eurrt~ awl (41 gut taYwre N cart welt irtsdr a K <tetsrt ttte safe apeeiied Iw the sotke easy rsstit is
aoctlera~tlao d fk trams ateurti h tYs Morf=a!q tarselewre rjr ant salt of the lrro'erfy. 71te wetitt
eri ftiriftier iwtOrw lorrswer at fie riRlrt M rllwtalt ifllr wel'lltratiow salt Ire r1gM N aeeed its Itit taKt!lleatlr! Necseittg
tit ~ ~ tr Jltta~ Q+r sari dMlr iefewe a~/ borrower a fatl'lllydi0al aiwi foRtlowr'e. if fete Mestiti is wOt tarsi asl
w tietore /rte dale s*teiitta V qte works. Levier ail I.ewier's optiew r¦sy declare sN of fire wwe secured h tliis Mertga(pt N re
Iwrwteiislely due sari pysYe wiflrout twrUrsr demand arts way torteleet tli Mortgage ily }ileW lneeeil¦R. Lender drag
tit ewfiMti N select i¦ web ~eoeeeiirtg ai s:pessa at torrtcioeurc. Iwelwifai. brit woe BwNei N. rewwslle sltwrreYs fees.
aui tsalt at aloeat.~ eiieute+ abatrscts aril tide reMrb.
if. )Mrnwea's Rift a RelaMsla Notwithsunding Lender's scockration of the suers secursd by thr_ Mortpge.
1 Borrower shall have the right to have any proceedings begun by Lender to enforce this Mortpge discontinued at any time
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BOOKJV~ PACE~~
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