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Lender's written agreement or applicable law. Borrower shall pay the amount o[ all mortgsge insurance premiums in the
manner provided under paragraph 2 hereof,
Any amounts disbursed by Lender pursuant to the paragraph 7, with interest thereon, shall become additional
indebtedness of Borrower secured by this Mortgage. Unless Borrower and l~epder agree to other terms of payraeM. strt~r
amounts shall be payable upon notice from tender to Borrower requestins ~ayrrtent thereof, and shall bear interest frost the
date of disbursement at the rate payable from time to time on oulsta
nding principal under the Note unless pajnneat of
interest at such rate would be contrary to applicable law, in which event such amounts shall bear interest at the highest tale
permissible under applicable law. Nothing contained in this paragraph 7 shah require Lender to incur any exptaae or fate
any action hereunder. ~ i
fl. Imptetion, Lender may make or cause to be made reasonable entries upon and inspoctions of the Property.
that Lender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's ~
interest in the Property.
9. Costdewsuttbrt, The proceeds of any award or claim for damages, direct or consequential, in connection writh car
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. i
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. unless Borrower and Larder
otherwise agree 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 amount of the sums secured by this Mortgage immediately prior to the dale of
taking bears to the fair market value of the Property immediately prior to the date of taking, with the balance of the goceeds
paid to Borrower.
If the Property is abandoned by Borrower, or if. after notice by Lender to Borrower that the condemnor otters /o mate
an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after 'the date such notice is
mailed, Lender is authorized to collect and apply the proceeds, at Lender's option, either to restoration or repair o[ t>te
Property or to the sums secured by this Mortgage.
Unless Lender and Borrower otherwise egret in writing, any 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.
19. Borrower Not Released. Extension of the time for paynxnt or moditkation of amortization of the sums secured
by this Mortgage granted by Lender to any successor in interest of Borrower shall not operate to release, in any manner.
the liability of the original Borrower and Bt?rrowtr's successors in interest. Lender shall not be required to corrtrrrertoe
proceedings against such successor or refuse to extend time for payattnt or otherwise modify amortization of the sums
secured by this Mortgage by r+easort of any demand made by the original Borrower and Borrower's wccessors in interest.
11. For6graace ti I,eniet Not s R?aiver. Any forbearance by Lender in exercising any right or remedy hetetrrtder. ~
otherwise aBorded by applicable law. shall not be a waiver of or preclude the exercise of any such right or remedy.
The procttrcment of insurance or the payment of taxes or other.liens a charges by Lender_shall_rwt be.a waiver of,i~ender';_ _ _ _ _
right to acceTeiate the maturity of the indebtedness secured by this Mortgage.
]Z Re>.edics CsuaaWEva All remedies provided in this Mortgage are distinct and cumulative- to any other right or j
remedy under this Mortgage or afforded by law or equity, and may be exercised concurrently, independently or successively.
13. Successors swd Assigss Bousd: Jdst awd Several i.iabifty; Captions. The ~venants and agreemntts herein i
contained shall bind, and the rights hereunder shall inure to. the.respective successors and assigns of Lender spd Borrower.
subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be jolty and several.
The captions' and headings of the paragraphs of this Mortgage are for rnnveniertce only and are not to Ile used to
interpret or define the provisions hereof.
14. Notice. Except for any Waite required under applicable law to be given in another manner. (a) any notice to
Borrower ptovidtd for in this Mortga¢e shall be given by mailing such notice by certi&d mail addressed to Borrower at
the Property Address or at such abet address as Borrower may designate by notice to Lender as provided herein, and '
(b) any notice to Lender shall he given by certified mail, return receipt requested. to Lender's address stated herein or to
such other address as Lender may designate by mice to Borrower as provided herein. Any notice provided for in this
Mortgage :hall be deemed to have been given to Borrower or Lender when given in the manner designated hereut.
1S. Usritorte MortgsBe; Covcnslsg Law: Serersbility. This form of mortgage combines uniform covenants for national
'i use and non-uniform rnvenants with limited variations by jurisdiction to rnrtstitute a unifomt security instrument covering
j real property. This Mortgage shall be governed by the law of the jurisdiction in which the Property is located. 1n the
event that any provision or clause of this Mortgage or the Note rnnflicts with applicable law. such conflict shall not allot
other provisions of this Mortgage or the Nae which can be given effect without the conflicting provision. artd to this
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end the provisions of the Mortgage and the Nae are declared to be severable.
Id. Itorsower's Co'y. Borrower shall be furnished a conformed cop)• of the Note and of this Mortgage at the time
of execution or after recordation hereof.
~ 17..Tsarrsfsr of ere Property: Asssrwptiow. 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 crtatan 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,
desoertt or by operation of law upon the death of a joint tenant or (d) the grant of any kasehdd interest of three yeah or less
riot containing an option to purchase. Lender may, at Lender's option. declare all the sums secured by this Mortgage to be
immediately due artd 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 to be sold or transferred reach agreement in writing that the credit of such person
is satisfactory to Lender and that the intcr~~st payable on the sums secured by this Mortgage shall be at such rate as Lender f
shall request. If Lender has waived the option to accelerate provided in this paragraph 17, and if Borrowers successor in
interaR has executed a written assumption agreement accepted in writing by Lender. Lender shall release Borrower from all
obljgations under this Mortgage and the Nae.
If Lender exercises such option to accelerate, Lender shall mail Borrower notice of acceleration in aecordancc with
paragraph 14 hereof. Such notice shall provide a period of not less than 30 days from the date the notice a mailed within
which Borrower may pay the sums declared due. If Borrower fails to pay such sums prior to the expiration of wch period, ~
Lender may, without further notice or demand on Borrower. invoke any remedies permitted by paragraph lg hereof.
t NoN•UNttrottut COVENANTS. Borrower and Lender further covenant and agree as folbws:
li. Aerdess~tio~ Reaseiia. S:cept as povldei i• pasagraph 17 rereof. stpn Ifersrwes's rsrrser a< aq eo~esssrt K
agree~at of t/osrswer r this Mostgagc, inerrileg ere cotresurrls to /sy wren ice any sarss scewei y tits Mostgage.l.errier i
psiotr is aeedesatlon sYr snR soHce to >iorrrwer as ~o.tded iw paragraph 14 rerto~ speelfyMrg: (1) the rs+escr;121 ere satMw =
~ segied M cane weer reface; (3) a isle, not less Barr 3• days from ere date flee netke is t>.aiki to Bornwer. try wrkr after
rtreaer t>NSt ie etsrti; a¦d (q fiat tsWrre to etsre sticr rseser a or refuse ere date s~teliti r ere twlice racy stesalt b i
seaksatlsn of tit sass aeearei r!' tlds Mortgage, fiseclostrre h J~~ sni sale of ere Property. 71re tsstiee ~
sir fSrrirer rsfosm Ilorsdwer of rite right fe rdtrstale flee acceksatlon awd ere right b aaseA i. ere firedsssst pstscetiag
ftie son-esWswee at s ietasit or say otter iefertse o111oerower to aeeekratiow arttl tortelostHe. B tit iseacr Y teat c~srttt aw
er 6dere ere isle yteiitd is ere notke. render at I.esder's optierr racy isclase r et ere sstsss seetsrei b tris Mestgage tare i
t~eiiaMy ire a¦d payaNe wilrorrt frrtrer demand asi easy tosteetae tlds Meslgage h jriieW groesedlsB. Lender +rr
re t>,tlAsi to eoiect iw suer psretdiag r espesses of forecksrse. Iseleiia~. rnt stN lt.rlrta N. seasossiie sttursev's fsa.
craft tads of ioer•~estary erfienee, arstrsels sett tick reMrb.
1P, •srsowa's Rkrt to Rdawatt. Notwithstanding Lender's aooekrstion of the sums secured by thn Mortga~,
Borrower shall rave the right to have any proceedings begun by Lender to enforce this Mortgage discontinued at any time
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s~K3~5 P~E2490