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Lender's written agraenent or applicabb law. Borrower shall pay the amount of all mortgage insurance premiuaa in the
manner provided under paragraph 2 hereof.
Any amounts disbursed by Lender pursuant to this paragraph 7. with jnterest thereon. shall become additional
indebtedness of Borrowec. secured by this Mortgage. Unless Borrower and Lrnder agree to other temu of payment. suds
amounts shall be payable upon notice from i.ender to Borrower requesting payment thereof, and shall bear interest from the
date of disbursement at the rate payable from time to time on outstanding principal under the Note unless payerteat of
interest at such rate would be contrary to applicable taw, in which evrnt such amounts shall bear interest at the highest rats
pcrmiuibk under applicable law. Nothing contained in this paragraph 7 shaft require Lender to incur any experts or fate
any action hereunder.
Iws~ectiow, Tender may make or cause to be made reasonable entries upon and inspections of the Property. provided
that Lender shall give Borrower ratite prior to any such inspection specifying reasonable cause therefor related to Larders
interest in the Property.
9. Cowderwrapos, The proceeds of any award or claim for damages, direct or consequential. in connection with any
condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation. are hereby assigned
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 Mortgages.
with the excess, if any, paid to Borrower. Tn the went of a partial taking of the Proptrty, unless Borrowu and Larder
otherwise agree in writing, there shall be applied to the sums secured by this Mortgage such pr~oportiorr of the proceeds
as is 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 balance of the proceeds
paid to Borrower.
If the Property is abandoned by Borrower, or if. after notice by Lender to Borrower that the condemnor offers to mate
an award or settle a claim for damages. Bormwer fails to respond to Lender within 30 days after -fhe date such notice b
lest and apply the proceeds. at Lender's option, either to restoration or repair of the
this Mortgage.
otherwise agree in writing, any such application of proceeds to principal shag not extad
thly installments referred to in paragraphs 1 and 2 hereof or change the amount of
such installments.
10. Borrower NM Rehwsei. Extension of the time for payment or modification of amortization of the sums secured
by this Mortgage granted by Lender to any successor in intereu of Borrower shall not operate to release, in any manner.
the liability of the original Borrower and Borrower
c successor in interest. Lender shall not be required to comtrrerrees
proceedings against such srrocessor or refuse to extend time for payment or otherwise modify amortization of the sums
secured by this Mortgage by reason of any demand made by the original Borrower and Borrower': successors in interest.
11. Forhearasce d!' lewder Nof a R?aiver. Any forlreannce by Lender in exercising any right or remedy hereunder, or
otherwise afforded by applicable law, shall nor be a waiver of or preclude the exercise of any such right or remedy.
The procurement of insurances or the payment of taxes or other liens or charges by Lender shall not be a waiver of Larder's
right to accelerate the maturity of the indebtedness secured by this Mortgage.
12. Rew~edks Cwrwwhrtht. All remedies provided in this Mortgage arc distinct and cumulative to any other right or
remedy under this Mortgage or afforded by law or equity, and may be exercised corrcurrentty, indepetrdently or. suooessivety.
' 13. Swceeasors swi Awriigws lioawd: Jdwt awl Several i.iabiiiHy; Captiows. The covenant: and agreements herein
contained shall bind, and the rights hereunder shall inuu4 to, the-respective srrccesson and assigns of Larder acrd Borrower.
subject to the provisions of paragraph 17 hereof. All covenants and agraments of Borrower shall be joiry and several.
17re captions' and headings of the paragraphs of this Mortgage are for rnnvenlence only and are not to tk used to
interpret or define the provisions hereof.
14. Notice. ixcept for any notice required under applicable law to be given in another taanner, (a) any ratite to
Borrower provided for in this Mortgage shall be givrn by mailing such notice by certified mail addressed to Borrower at
the Property Address or at such dhcr address as Borrower may designate by notice to Tender- as provided herein, and
(b) any notice to Lender shall be given by certified mail. return receipt requested. to Lender's address stated herein or to
such other address as Lender may designate by ratite to Borrower as provided herein. Any notice provided for in this
Mortgage shall be deemed to have been given to Borrower or Lender whrn givrn in the manner designated herein.
IS. Uwiforw Mortgage: Goverwiag Law: Severa6iWy. This form of mortgage combing uniform covenants for natural
use 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
'i evrnt that any provision or clause of this Mortgage or the Note conflicts with applicable law, such conflict shall rat atket
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.
iti. loerower's Copy. Borrower shall be furnished a conformed copy of the Note and of this Mortgage at the time
of execution or after recordation hereof.
17..Trawsfer of the Property: Aswmptiow. Tf 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 wbordinate to
this Mortgage, (b) the creation of a purchase money security interat for household appliances, (c) a transfer by devise.
destxnt or by operation of law upon the death of a joint tenant or (d) the grant of any leasehold interest of thra years or less
not containing an option to purchsse, Lender may, at Lender
s option. declare all the sums secured by this Mortgage 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 cold or transferred reach agreement in writing that the-credit of such person
is satisfsctory to Lender and that the interest payable on the sums secured by this Mortgage shall be at such rate as Leader
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
obljsations under this Mortgage and the Note. '
If Lender exercises such option to accelerate, Lender shall mail Borrower notice of acceleration in accordant-': 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 such wms prior to the expiration of wch period.
Lender may, without further notice or demand on Borrower. invoke any remedies permitted by paragraph 18 hereof.
NotvUt+tFOat?~r Covertet+rs. Borrower and Lender further covenant and agree as folbws:
il). Aceekratio~ Rawedia. E:eegt ss'rovhicd Y pagraplr 17 hereof, trpw >terrrwer's rreweh at awy t~averraM er
aaeesent of Borrower `fhb Mortgage. iwcla~rrg the co+ewawts to py whew tae awy areas see¦rei try fhb MorlRage. Leaierr
i fN~ Ie acetelteraUow sW mail'Mice to )torrower as provNci Y pragnph 14 her~eo[ speeltylrrg: (1) pre ireaeM: (21 the se/Mw
rgied b ere swch brncb; (3) a dale, wet less thaw 3• dap trorw the date the wetfee b aaiei M •arnwer. b whhtb such
breach swd be ~ awl (4) that failtree is etrre nth breach ea or before the date spteYei Y the wotice way restrN Y
aeeelerratlaw o< pre'was secwrei by this Mortgage. torselonre b jiwdlcid lr~oeeadlwg awl sale ei the hoperfy. 7Ue wades
dra/ Rather b><ocwr )sorrswer o[ the riRM to rehMatt after aecekratbrr awl the rIgIN Y assert Y the foretlenre preeee~wg
€ ~e wow-e:btewcti et a detawk or awy other detewse of iorrowetr ~ aeeekratlow arrd toreeiowre. H pre M~eaelr it wet awr~ei aw
or before the iNe geciiei V rho wotiee. Levier at i.swier's optiow way declare ail at the swrra s*rewrsd b fhb MoApge is be
fi~eiia/ely dwe awl payable wilhowt Rather demand awd way fereelose tbb Mer~age by jwikW prreeediag. Lender drat
be ewlipal a eoBeet V tareh rroceedhrg aw atpewses of forccloswr~e, Yclwiiwg. 6wt wN fbaffei M. reasowttbk sttxrreYs fees.
aai casts of ioert:tsewhry eriiewee, abstraeb awl title repro.
1!. >jetrrvwa's R~bt a Rdwaattt. Notwithstanding Lenders aceekration of the sums secured by thra Mort;age.
Borrower shall have the right to have any proceedings begun by Lender to enfortx this Mortgage discontinued at any time
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