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Leader's written agrexrrtertt a spplicabk law. Borrower ahaU pay the amount d all mortgage iawraaoe 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
indebtedness of Borrower secured by this Mortgage. Unless Borrower and Leaeia agree to other terms of payment. such
amounts shall be payable upon notice from Lender to Borrower requesting payment thereof, and shall bear interest Eros the
date of disbursement at the rate payable from time to time oa outstanding principal under the Note unless paljlrsest d
interest at such rate would be contrary to applicable law. in which event such amounts sha0 bear interest at the highaR tale
per'mi:sibk under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur goy eutpeaae a take
any action hereunder.
fR lasreetiatr. Lender may make or cause to be made reasonable entries upon and inspections e>< the Property. pro~rided
that Lender shag Rive Borrower ndice prior to any such inspection specifying reasonable cause therefor related to Leader's
interest in the Property.
9. Coaieatrtstiow. The proceeds of any award a claim for damages, direct a consequential. in oortrtectioa wilt asy
condemnation or other taking of the Property, a part thereof. a for conveyance in lieu d condemnation. arc hereby assipted
and shall be paid to Lender.
in the event of a total taking of the Property, the proceeds shall be applied to the setrns secured by this Mortgage.
with the excess, if any, paid to Borrower. In the event of a partial taking of the Property. tmkss Borrower and Leader
otherwise agree in writing. there shall be applied to the sums secured by this Mortgage such proportion of the pooeeds
u is egwl to that proportion which the amount of the sums secured by this Mortgage immediately prior to the dye d
taking bears to the fair market value of the Property immediately prior to the date of taking, with the: balance d the pooeeds
paid to Borrower.
1f the Property is abandoned by Borrower. or if. after notice by Lender to Borrower that the condemnor olkts to mate
an award or settle a claim for damages. Borrower fails to respond to Lender within 30 days after ~ihe date such notice is
mailed, Lender is authorized to collect and apply the proceeds. at Lender's option, either to restoration of repair d t>tie
Property or to the sums secured by this Mortgage.
Unless Lender and Borrower otherwise agree in writing, any such applicatiat d proceeds to principal shag not ealertd
car postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hexed or change the aatottnt d
such installments.
10. Borrower Not Released. Extension d the time for payment or modification d amortization d the sofas seamed
by this Mortgage granted by Lender to any setcoessor in interest d Borrower shall not operate to release, in mty manna.
the liability of the original Borrower and Borrower's successors in interest. Lender shall not be regtrirtd to contntertoe
proceedings against such sttoexssor or rchese to extend time for payment or otherwise modify amortisation of the sums
secured by this Mortgage by reason of any demand made by the oritinal Borrower and Borrawer's sttccessors in interest.
11. Forreararsce try iertit! Nat a Waiver. Any forl+earance by Lender in exercising any right or remedy hereuada. a
otherwise afforded by applicable law. shall not be a waiver of or preclude the exercise of any such right a tcertedy.
The procurement d insurance or the payment of taxes or other liens or charges by Lender shall not be a waiver d Leatda's
right to accelerate the maturity d the indebtedness secured by this Mortgage.
]t Rerneelies Cwttatalire. All rtrnedia provided in this Mortgage are distinct and cttntulative to any other right a
remedy under this Mortgage or afforded by law or equity, and may be exercised eortarrrcrttly, irtdepertdeatly a wexswively.
' 13. Srseeesaors rats AadRas lioetaA .lout aai Several i.iabi~; Cartiaas. The covenants gad agraaneats he~eirt
contained shall bind, and the rights hereunder shall incug to. the.respective setoaxsors and assigns d Lender apd Borrower.
wbjext to the provisions of paragraph 17 hereof. All rnvenaMs and agreements d Borrower :!tall be jary and sevens!.
The captiotu' and headings d the paragraphs of this Mortgage are for e:onveniertce only and are not to lie wed to
interpret or deRne the provisions hereof.
14. Notice. Except for any mice required under applicable law to be given in another manner. (a) any notice to
Borrower 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 i.ender as provided herein, and
(b) any notice to Lender shall be given by certified mail. return receipt requtated. to Lender's address stated herein a so
such other address as Lender may designate by notice to Borrower ss provided herein. Any notice provided for in this
Mortgage shall be deemed to have been given to Borrower or Lender when given in the mamta desiptatcd herein.
lS. Utlform Mortgage; Govertriag Law; Se~erabitity. This form of mortgage caabines uniform oorenants for ttatioaal
use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security iratrrnrteM eo~reriag
real property. This Mortgage shag be governed by the law d the jurisdiction in which the: Property is located. la the
j event that any provision or clause d this Mortgage or the Note conflicts with applicable law. such ooaftict shall not affect
i other provisions d this Mortgage or the Note which can be given effect without the: oonRicting provision. and to this
end the provisions of the Mortgage and the Note arc declared to be severable.
I id. liorrower9 Cory. Borrower shall be furnished a conformed copy of the Note and d this Mortgage at the time
d execution or after recordation hereof. '
17..'l~artrfer of ere hore:rly; Aswrtrrtietw. if all or any part of the Property or m interest therein is sold or trartsfsrred
j by Borrower without Lender's prior written consent. excluding (al the creation of a lien or encumbrance subordinate to
I this Mortgage, (b) the creation of a purchase money security interest for hotnehoid appliantxs, (c) a transfer Mr devise.
descent or by operation of law upon the death of a joint tenant or (d) the grant d any leasehold interest of three: yars a kw
not containing an option to purchase, Lender may. at Lender
s option. declare all the sums seamed by this Mortpge to be
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 K to be sold or transferred reach agrexment in writing that the credit of such person
is satisfactory to Lender and that the inten'st payable on the sums secured by this Mortgage shall be at such rate ac Lender
shall request. if Lender has waived the option to accelerate provided in this paragraph 17, and if Borrower's serceessor in
interest has executed a written assumption agreement accepted in writing by Lender. Lender shall release Borrower from ail
obljgstions under this Mortgage and the Note.
if Lender exercises such option to accelerate, Lender shall mail Borrower notice d aoeduation in acoordanec 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 seems declared due. If Borrower faih to pay such sums prior to the expiration d such period.
Lender may, without further notice or demand on Borrower. invoke any remedies permitted by pangraplt 1R hereof.
NON-UN1t~M CAM1/ENANTS. BOfrOwtr arld L~rldff furthlf COVf:lliat alld agriE! aS fOiiOws:
li. Acedentie~ Reraelfes. lEscert m rrovYei 1• Nraparr 17 reaea(, arrm Mrsawrts's ireaeh err M7' e+Ne~rtt w
agreeeM~t at Bernwer V Ala Mortgage, iaciWrtg Ae esreMeals is raj when eNe •1 sums seeani ti Ais 1l~MrtBage• Les>ier
rriK N aeeekradoa sW may aotiee N Borrawer as rrorMtes b raragnrr 14 recce[ srae~lag ti) Aer rreaelq As aeyiaa
seeded •s etsre wet rnaek (3) a eWe, t+al less Ant 3t clays bra ere dale Ae aatlee r !Wei M Mssrwer. b wrld std
rreaer m¦st re ewee>k aai (q Aal faifeare N eesro wd rreser ta• err rdetee Ae erne sreeMW r ere aatlce ~ resent r
aocderatlarr d ere wr seerrs+e~ ry Ais Mortgage, Nreclaaart r! ~ N'K'a#i r sale er[ Ae >rrarerty. '11te Mike
sW twAa lrrtoras terra+wer d the rlgrt N reiaWale after aceelera8on a~ Ae right y assn! ` Ae hreaelawwa rsaaeeittg
file aoa~e:Mertee of s eleta¦It ear ay.ater elefeietae err s.rrw.er N aee:+sleralfaa r t«eeloawa >x the !:east fs Mt carters err
or rdetr+e Ae eM1e sreefiees i• ere Mtlr!• 1.eWer at l.esier:.rti.rt ttasSr deelre aB.t Ae...s see.rs+ ry trls M.rl,pAe to re
I~eeifMely Bete a>ti rayile wNrorrt ferrtrer dewaaA acrd rttW /asselaae tfii MeastpEe b ~W l~R. 1T.erwde? iaB
re es•lYlai N select fw sstd rr~aceeesLg ai e:rase~s d faecMsw+e.1¦elaiiag. rtrt Mf it•Mses M. reasarraile stturrter'a fee.
aW cads eft iae.-iweMary et+i/eaa, abshaeM ai title rererb.
i!. Msrrwes'a Rigrt a Reiastala Natwithstandireg Lender's aooderatioa d the sums scarred by thtt Mortgage,
Borrower shall have the right to have any proceedings begun Fry Lender to enforce dtis Mortpge dtswatinued st aaY time
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