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Lender's written agrccTiucnt or applicable: law. &+rrower shall pay the amount of all mortgage~•it~s~arxa premjrt~ ~n the
manner pn+vided under paragraph 2 hereof.
Any amounts disbursed by Lender pursuant t+• this paragraph 7" with uuerest thereon, ch;+ll become additional
indcMedness of Burrower secured hs• this ?Mortgage. l.'nlcs Bummer :u?d 1 en.lcr agree to other terms of payment, such t
am~untc .hall he payable ulx+n notice from 1 ender to B++rn+w'er rcyurainc payment thereof. and shall F+car interest from the
.late of disburscmcnt at the rate payahlr from time to time un outst:+nding principal under the Note antes payment of
interest at such rate would he contrary to applicable law, in which event such amounts shall hear interest at the highest rate
permissible under applicable law. Nothing contained in this paragraph 7 shall require 1 coder to incur any expense or take l
any action hereunder.
8. Inspection. Lender may m:+ke or cause to be made rcasonahlr entries upon and insprctionc of the Property. provided
that lender shall give Borrower notice prior to any,strCh inspection specifying reasonable cause therefor related to Lender's
interest in the Pmper'y.
9. Condemnation. proceeds of any award or claim for damages. direct ur consequential. in connection with any '
condemnation or other taking of the Property. or part thersof. er'r for conveyance in lieu of condemnation. arc 1?crchy assigned
and shall hr paid ro Lender. 1 ~
in the event of a total taking of the Property. the prxeeds shall he applied. to the sums secured by this Mortgage. I
with the rxexcs. if any, paid to Born+wrr. In the cv~e~rt c+f a ~[+artial taking of the Property. rinlrcc Borrower and Lender
otherwise agree in writing. there shall he applied .tot IItE.i ~d?rcd by this Mortgage such proportion of the proceeds
as is equal to that proportion which the amount of the sums secured M• this Mortg:+gc immediately prior to the date of
taking bears to the fair market valtrc of the Property immediately prior to the date of taking. with the balance of the proceeds '
paid to Borrower.
if.the Amperty is abandoned by Borrower, or if. after notirc by Lender to Bormwcr that the rnndemnor offers to make
an award ur settle a claim for damages. Bormwcr fails to respond to Lender within 30 clays after the date such notice is
mailed. Lender is authorized to collect and apply the proceeds. at lender c option. either to restoration or repair of the t
Property qr to the sums secured by this Mortgage.
Un1asR lender a~srd Borrower otherwise agrrr in writing. any such application of proceeds to principal sh:+11 nor extend
or pc~.ctpone the due dare of tl?r monthly installments referred to in paragraphs 1 and 2 hereof orschange Ihr amount of #
such mstallments:
10. Borrower Not Released. Extension of the time for pawmc~?t or modification of amortisation of the sums secured }
by this Mortg~gc granted by l.rndrr to any u+cceswr in interest of Borcower shall not operate to release. in any manner,
the li;thility, of tlie: original Borrower and Borrower's sucecssors in interest. lender chat) not he required to commence
pruccrdings against 5lt;iupressor ar*•rCftlt~ to extend time for payment or othcrwiu: mcxlify amortization of the sums
srcurcd•1. ' t i a rgasrx? cSf
a?1~ 2lrmand made hw the original Borrower and Borrowers snccrss?irs in interest.. F
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1'1: Fo ~r~lnae,by itrteflee~ iNet ~ ve~4r. Am_• fonc~arancc h~• Lender in exercising am• right or remedy hereunder. or
other~us'~~Borded by applicable law, shall not be a waivrr.of .~r preclude the exercise of any such ri¢ht or remed~•.
"The procurement of insurance or the payment of tarns ur other liens ur charges by Lender shall not he a waiver of I ender's
right to accelerate the maturity of the indchtedncss secured hs• this ~iongagc:
12. Remedies Cumulative. All remedies pm+•ided in this Mortgage arc distinct and cumulative to am• other ri€ht or '
remedy under this Mortgage or atiurded by law or equity. and maw he rxerciud concurrently. independently ur succescivch•.
13. Successors and Assigns Bunrrd: Joint and Several T.iability: ('sptions. The covenants and agrecmentc herein
contained shall hind. anc) the rights hereunder shall inure to. the resprctiwe sucecssors and assigns of l.cndcr end Borrower.
whjrct to.thr provisions of paragraph 17 hereof. All covenants and agr~Ymentc of Borrower shall Ix: juinr and several.
Thc captions :?nd headings of the paragraphs of this Mortgage arc fur convenience only and arc not to he acrd to
mtrrpret or define the prm•isionc hereof.
14. !Notice. Except for any notice required under applicable law to be given in another manner. (al am- notice to t
Borrower provided for in Chic 'Mortgage shall he given by mailing such notice by certified mail addressed to Borrower at
the Properly Adders: or at such other address as Burrower ma+• de.icnatc by n~+ti~e to Lender as pnwided herein. and
Ih) am~ Holier to Lender shall Ixr eiven by certified mail. return receipt reuue.ted. n+ 1 ender c address stated herein or to
such other address as Lend•.r may designate by notirc to Burr+~wrr as provided herein. :any notice pr.+vidcd for in this
~1.?rtgage shall Fx deemed to have lx:cn given to Borr+~wer ++r 1 ender when given in the manner designated herein. j
1S. Uniform Mort>;a>;e: Governing I,aw: Severabilih•. 'This form of mortgaLr combines uniform-covenants for national
use and nun-uniform c++wrnants with limited variations M• juri.dirtiun t+~ cunstitutc a uniform security instrument rnvering
real propert>~. This 9lortgagr shall he governed by the law +~f tlx: jurisdichun in which the Property is Ir+cated. in the
event that any provision or clause of this Mortgatie ur ?he \rte conflicts with applicable law. such conflict shall not affect
other pn++isiunc of this ;1lortcagc ur the N++ic which can he ei+en ctTert without the rnnllicting provision, and to this ;
end the provisions ut the Mortgage and the \++tc arc declared t.+ Ix severahlc.
16. Borrower's Copy. Borrower sh:Jl he furni.hed conformed rop~• ul the Note :?nd of this Mortgage at the time
of execution or after recordation hereof.
17. Transfer of the Property: Assumption. If all rr :u?v part of the Property ur an mtcrrst therein is sold or irancferrrd
t by Borrower without Lender's prior written consent. rvrlu<iing t:+t the creation of a lien or ena?mhrance suhordinatr to
this Mortgage. (h1 the creation of a purchase nx+nev .eruritw interest for household appliancec• Icl a transfer by devise,
descent or M• operation of law upcm the death of a joint tenant ur (.Ir the scant of any Icacehold interest of three years or Irss E
nut containing an option to purchase. Lender may. at I.rnder's upti~+n, declare all the sums secured by this ;Mortgage to be
immediately due and payable. Lender shall have w;+ivcd wcF? option t+• accelerate if. prior to the sale or transfer. Lender
and the person to whom the Property is to he sold ur tr:+nsferred reach agreement in writing that the credit of such person •
is satisfactory to l.endcr and that the interest payahlr un the sums secured by this hiorteagr shall br at such rate as Lender j
shill request. If Lender has waived the option Io accelcr,+tc provided in this paragraph 17: and if Borrower's successor in
interest has executed a written assumption agreement accepted in writing by I.endrr. Lender shall release Borrower from all
obligations under this Mortgage and the Notc.
If Lender exercises such option to accelerate. I ender shall mail Borrower notice of acceleration in accordance with
paragraph 14 hereof. Such notice shall provide a pcri+xl of n(•t Tess than 30 days from the date fhe notice is mailed within
which Borrower may pay the sums declared due. It Burrr?++er f:+ik to pay such snms prior to the expiration of such period,
Lcndcr rosy, without further notice or demand un Burruwcr. invoke am remedies permitted by paragraph 1R hereof.
Nox-Utvtt oteta COVExANTS. Borrower and Lender further rnvenam and agree as follows:
18. Acceleration; Remedies. Except as provided in paragraph 17 hereof. upon Borrower's breach of any covenant or i
agreement of Borrower in this Mortgage. including the covenants to pay when due any sums secured by this Mortgage, Lender
prior to acceleration shall mail notice to Borrower ac provided in paragraph 14 hereof specifying: (1) the breach; (2) the action
required to cure such breach; (3) a date. not less than 30 days from the date the notice is mailed to Bormwcr, by which such
breach must fie cured: and (4) that failure to cure such breach on or before the date specified in the notice may remit in
acceleration of the sums second by this Mortgage. foreclosure by judicial proceeding and sale of the Property. The notice
shall further inform Borrower of the right to reinstate after acceleration and the right to assert in the foreclosure proceeding
the non-existence of a detauk or any other defense of Borrower to acceleration and foreclosure. If the breach is not cured on
or before the date specified in the notice. Lender at Lender's option may declare all of the sums secnred by this Mortgage to be
immediately doe and psyaMcwithout further demand and may foreclose this Mortgage by judicial proceeding. Lender shall
be entitled to collect is such proceeding all expenses of foreclosure. including, but not limited to, reasonable sttortxy's fees.
and costs of documentary evidence. abstracts and title reports. 4
19. Borrower's Right to Reinstate. Notwithstanding Lender's acceleration of the Burns secured by this Mortgage. ~
Borrower shall have the right to have any proceedings begun by I_rnder to enforce this Mortgage discontinued at any time
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