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Leaders wcittea agteeasettt err spplicabk law. Borrower sbW pay the amount af` a>i mortgage iastuanoe prtsniutta is t6s
manner provided under paragraph 2 treoeof. •
Any amounts disbursed by Lender pursuant to this paragraph 7, with iatet+est thereon. shag become additional
indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other forms of payment, such
amounts shall be payable upon notice from Lender to Borrower requesting payment thereof. and shall tzar interest from the
date of disburstaaertt at the rate payable from time to time oa oubtandirtg prirtcipsl under the Note tmkst payateat of
interest at such rate would be contrary to applicable law, in which event such amounb shall bear interest at the highest rata
permis:t'ble under applicable law. Nothing contained in this paragraph 7 :hall roquiro Lender to incur say exptssas err take
any action hereunder.
tL ItrspeeHaa. Lender may make or cause to be made rcasortable entries upon and inspections of the Property. provided
that Lender shall give Borrgyv4r !tQt~ prior to any such inspection specifying reasonable cause therefor related to Leaders
interest in the Property.
Coaieatraliow. The proceeds of any award or claim for damages, direct or consequential, in oonrtectioa with any
condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of corrdemastion, are hereby stwigrred '
and shall be paid to Lender. -
In the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Mortgage.
with the excess, if any, paid to Borrower. In the event of a partial taking of the Property. unkrs Borrower and Fender
otherwise spree in writing. there shall be' applied to the sums secured by this Mortgage such proportion of the proceeds
as is equal to that proportion which the amarnt of the sums secured by this Mortgage immediately prior to the date of
taking bears to the fair market valor: of the Property immediately prix' to the date of taking, with the balance of the proceeds
paid to Borrower. •
lff the Property is abandoned by Borrower, or if. after notice by Lender to Borrower that the cortdemtar offers to make
an ,ward or settle a claim for damages, Borrower fain to respond to Lender within 30 days after the date such notice is
mailed, Lender is authorized to collect and ap~y the proceeds, at Lender's option, either to restoration or repair of the
Property or to the sums secured by this Mortgage.
Unless Lender and Borrower otherwise agree in writing, sny such application of proceeds to principal shall not extend
or postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of
such installments.
lf. borrrl~?et Not Releases. Extension of the time for payment or modification of amortization of the sums secured
by this Mortgage granted by Lender to ;any successor in interest of Borrower shall not operate to rcksse, in any manner,
the liability of the original Borrower and Borrowers successors in interest. Lender. shall not be requirrd to commence
proceedings against such auoceszor.or .refuse to extend time for payment or otherwise modify amortization of the sums
secured by tbis •Mortgage by tealotryoE: any demand made. by -the original Borrower and Borrower's successor in interest.
il. lftorbearaace igr Ixwier.Nof a Waiver. Any fort+earance by Lender in exercising any right or remedy hereunder, or
otherwise~sfforded ty -applict~blgagw. shah not be a waiver of or preclude the e[tercise of any such right or remedy.
The procurement of insuntroe or the payment of taxes or other liens or charges by Lender shall not be a waiver of Lender's
right to accelerate the maturity of the indebtedness secured ey this- Mortgage.
l2. Rerwesia CwrawhNve. All remedies provided in this Mortgage arc distinct and cumulative to any other right or -
rcmedy under this Mortgage or afforded by law or equity, and may be exercised concurrently, independently or successively.
13. Swccessors sad Assigns bowuti:.Joiwt awd Several T.isb~; Captiows. The covenants and agreetrrntts herein
rnntained shall bind, and the rights hereunder shall inure to. the respective successors and assigns of Lender grid Borrower.
subject.to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be joirtf and several.
The captions and headings of the paragraphs of this Mortgage are for convenience only and are not to be used to
interpret or define the provisions herrnf. -
14. Notice. Except for any notice required under applicable law to be given in another manner, (a) any notice to
Borrower provided for in this Mortga¢e shall be given by mailing such notice by certifkd mail addressed to Borrower at
the Property Address or at such other address as Borrower may designate by notice to fender as provided. herein, and
(b) any notice to Lender shall he given by certified mail, return receipt requested, to Lenders address stated herein or to -
such other address as Lender may designate by notice to Borrower as 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 designated herein.
1S. UwFona Mortgage; Coveraiwg Law: Severabflity. This form of mortgage combines uniform covenants for national
~t[se 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 chic Mortgage or .the Note conflicts with applicable law, such conflict shall not affect
other provisions of this Mortgage or the Note which can be given effect without the rnnflicting provision, and to this
~ end the provisions of the Mortgage and the Note are declared to be severable.
16. Borrower's Copy. Borrower shall be furnished a confomxd copy of the Note and of this Mortgage at the time ~
of execution or after recordation hrrcof. - ~ i
! 19. Trawsfer of ere Property: Asswmptiow. 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 (al 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 interest of three years or less
not containing an option to purchase, Lender may, at Lender
s option, declare all the sums secured by this Mortgage to be f
immediately due and payable. Lender shall have waived such option to accelerate if, prior to the sale or transfer. Lender ~
~ and the person to whom the Property is ro be cold.or transferred reach agreement in writing that the credit of such person
I is satisfactory to Lender 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 assumption agreement accepted in writing by Lender, Lender shall release Borrower from all f
obligations under this Mortgage and the Note. j
if Lender exercises such option to accelerate, Lender shall mail Borrower notice of acceleration in acrnrdance 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. If Borrower fails to pay such sums prior to the expiration of such period,
i Lender may. without further notice or demand on Borrower, invoke any remedies permitted by paragraph 1R hereof.
Norv-Urrrr-aerK CovErrerrrs. Borrower and Lender further covenant and agree as follows:
lg. Accderatio~ Rescdia. 1Farcept as provided iw pngrspr 17 ratof, wpw borrowers Meacr of say covarawt or
agretaxwt of borrower i• tris Mortgage, isc{trdirrg ere coveaaals to Ny wrew sue ssy seats steurts by tl[k Mortgage. Larder
ptrior a seederatlka sigh wuB wotke to borrower as provided is psragrapr 14 rereot specNyieg: q) ere btreacr: (2) ere sctbw
t egwfrres b eat swci breacr; (3) a dab. root less trsw 3® days frow ere sate tie notice is ataYei tb borrower. h' wrie>i suer
bseadr roust be n~ aai (4) fiat faWre to cure suer breacr ow or retort ere date specifies iw the notice stay reswlt it
aecelerstioa of tie ssuws secured bT tits Mortgage, foreclosure by jwdidtl peetsiwg aws sale of ere- Mperty. Tire wotke
sits/ furiier iafotrs borrower of ere right to reiwsbte after scctleratiow sad tie right b assert lift ere toredosrrre proeteirrg
tie aow~aristewee at a sefauk or say otter defewse of borrower to seeekratiow awl foreclonre. N tie brtaer is not cwres ea •
or before ere sate specifies ie ere wotfee. Lewder at Lender's option Tway decNrt a8 of ere ststws secwres fry tits Mortgage a k
rely sue awl pyabk witroM twrtber demand and may foreclose t64 Mortgage h' jwskW preaesirrR. ierrder craft
be ewtitled to eolileet fat ssxti procetdiwg aM arpewses of foreclosart, btclwsisg, bwt aN fiatitcs ter, rtasorrabie attorney's fees.
i ssti costs of soewatewtsry evidewct, abstracts swd tNk reports.
1!. bonowes's bisrt to Refsistate. Notwithstanding lender s acceleration of the sums secured by th[s Mortgage,
8orrawer shall have the right to have any proceedings begun by Lender to enforce this Mortgage discontinued at any time
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