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. Lender's written agreement or. applicabb kw. Borrower chap pay the amount of all mortgage insurarroe premiums is t!p
meaner provided under parsgraph 2 hereof. .
Any amounts disbursed by Linder pursuant to this paragrjlpA;'~,`with
interat thereon, shall become additional
indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment. such
' amounts shall be payable upon notice from Lender to Harrower requesting payment thereof. and shall bear interest fr+aan the
date of disbursement. at the rate payable from time to time on outstanding principal under the Note unless pa}nrrant of
interest at such rate would be contrary to applicable law, in which event such amounts shall bear interest at the highest rate
permuibk under applicable law. -Nothing contained in this paragraph 7 shall require Lender to incur any expense or taloe
any action hereutrdet. -
R Iwepeelisw. Lender may make or cause to be made reasonable entries upon and inspections of the Property. provided
that Lender shall give Borrower mice prior to any such inspection specifying reasonable cause thegjpr rels<ed to Larder's
interest in the Property. -
9 CowierrrwMiow. 'f?re proceeds of any award of claim for damages, dirrct or oonsoquential, in oonrreetlon wridr any
condemnation or other taking of the Property, or p:rt thereof, or for conveyance in lieu of eondannation, 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 sesurcd by this Ma-tgsge,
with the excess. if any, paid to Borrower. in the event of. a partial faking of the Property. unless Borrower and Lender
otherwise egret 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-immediatdy prior to the date of
taking bears to the fair market value of the Property immediately prior to the date of taking, with the balancx 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. Borrower fails to respond to Lender within 30 days after'the date such notice is
mailed, Lender is authorized to co1kN and apply the proceeds, at Lender's option, either to restoration or repair of the
Property or to the sums secured by this Mortgage.
t4)nksi Lender-and Borrower otherwise ague in writing, any such application of proceeds to principal shall not extard
or postponE the due date of the-monthly installments rcfemed to in paragraphs 1 and 2 hereof or change the amount of
such installq~ents. -
1~. llbrr~ower Nof Rdeasci. Extension of the-time for- payment or modification of amortization of the sums secured
by this Iriortgage_granted by Lender to any successor in interest of Borrower shall not operate to reksse. in any manner,
th= liability of the original Borrower and Borrowers successors in interat. Lender shall not be roquir+ed to commence
proceedings against such srrocessor or rcfust to extend time for payment or otherwise modify amortizatan of the sums
secured by this Mortgage by reason of any demand made by the original Borrower and Borrower's successors in interest.
11. Foriearawee ti Levier Not a eNaher. Any fc?rbearance by Lender in exercising any_right or remedy lreramder, or
otherwise afforded by applicable law, shall not be a waiver of or prc:•lude the exercise of, any such tight of terrredy.
The procurement of insures at the payment of taxes or-other liens or charges by Lender shall not be a waiver of LendePs
right to accelerate the maturity of the indebtedness secured by this Mortgage.
l2. Remedies Csatrulaps~, 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 concurrently, independently or sucoasivdy.
13. Sseeeasors awd Asdgws louwde ;Toil acrd Seted 1,isbWty; Captions. The covenants and agreeanr_rts herein
contained-shall bind, and the rights herrundet shall inuug to. the.rapective successors and assigns of Lender acrd Borrower.
subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be jar;( acrd several.
The captions' and headings of the paragraphs of this Mortgage arc for convenience only and are not to lle used to
interpret or defrne the provisions hermf.
lI. Notke. Except for any notice required under applicable law to be given in another mantrer. (a) any notice to
-Borrower provided for in this Mortgage shall be given by mailing such notice by certified ma'1 addressed to Borrower at -
the Property Addrtss or at such other address as Borrower may designate by notice to fender a provided herein. and
(b) any notice ;o Lender shall he given by certified mail. return recxipt requested. to Lender's 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_Borrowtr or Leader when given in the manner rksignr4tod herdn.
IS. Udfonw Mortgape; Coverniwlt Law: SenrabYiey. This form of mortgage corrrbirres uniform covenants for natural
use and non-uniform covenants with limited variations by jurisdiction to corntitute a uniform security instrument covering _
real Property. -This Mortgage shall be .governs by the law of the jurisdiction in which the Property is located. In the
event that any provision or clause of this Mortgage or the Note rnnflicts with-applicable law, such conflict shall not affect
other provisions of this Mortgage or the Note which can be given eBect without the eonfiicting provision. and to this
errd the provisions of the Mortgage and the Note arc declared to be severable.
lfi. Iorrower's Coq. Borrower shall be furnished a conformed cop)• of the Note and of this Mortgage at the tithe
of execution a after recordation hereof.
1~..Tra~sfer of tie Tr~o*esfy: Aawwr~tiorr. 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 (a) the creation of a lien or enwmbrance subordinate to
this Mortgage. (b) the crcatiorr of a purchase money security interat for household appliances. (c) a transfer by devise.
dessert or by operation of law upon the death of a joint tenant or (d) the grant of any IeaaelroW interat of three years or less
not containing an option to purchase, Lender may, at Lender's option, declare sll the sums secured by this Mortgage to 6e
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 to be cold or transferred reach agreirnerrt in writing that the credit-of such person
is satisfactory to Lender acid that the inter~•ct payable on the sums secured by this Mortgage shall be at such rate ac Lender
shall request. If Lender has waived the option to acrxkrate provided in this paragraph 17. and if Borrower's successor in
interat has executed ~ written aswmption agreement accepted in writing by Lender. Lender shall release Borrower from all
obljgations under this Mortgage and the Note.
If Lender exerciszs such option to accelerate. Lender shall mail Borrower notice of acceleration in accordance: v?•ith
pan~graph 14 hereof. Such notice shall provide a period of not less than 30 days from the date the notice is mailed within
which Borrowu may pay the sums declared due. If Borrower fails to pay such sums prior to the expiration of such pt•riod.
Lender may. without further notice or demand on Borrower. invoke shy remedies permitted by paragraph 1R hercaf.
NoN•Uxttiotttrr Caverurrrs. Borrower and Leader further covenant and agree as follosrrs: .
!f. Aecdeatlsw; Re•eifa. EsteN m M'nvlded i• prasrapi 17 kcreot, ttpw >iers+ewars asre~ei M swy cotrewawt ~
agna~seat of iess+swsr b leis Msrfgage, irclwiirr~ eie eoraurwts to py when ise arty saws stewrti ay psis Mortgage. Letsier
prior w setekratlow drar mtll wotlce is >iorrrlwer as gmo~Nei i• pnigrs>!lr 14 iereot' spaltytogs (1) pre arwEle (>n We setiorr
rsgiti bs cart stselr M+enclq (3) + iwie. rat lesr piaw 30 rsys fraw tie isle fie wstkt is wraisi N >•scr+asrer. b wild s~
fcrraei worst ie esrrti; rasa (n pat taftore a etrrt_ strei wtsei ow er adsre tit tale spcMti V tit .opet wrehr rant w
aKCeieralfew at se s.wn see.rd ay ei. M~rtgaRw tacclowre iy lu+kfat procteitsts swi sale al' eat hgerty. 'ilre wstia
drag Mier hfoca >torssrwtr oL tae riRM to t after aecekrwtbn ssti tie rigit is assert ~ tae tereeMtrse pseeetiltrg
~e wow~rddaree s# • lefaelt or any eiher ieterrse d ¦orrower to eccelcralfow ani fereelostrrt. r tit 6rtaei r wN esrrei esr
or aelore fie isle spedfiei if pre stotiee. Ltrrier M 1.crtier's epfiin oey ieelsrt r w tat suers stcwrei b felt Mertggpe M ore
t~weiiMslp isle awl pyaale srilaotM Meer demand ,~wi rrssy f~rseisst tats 1Nstliage ti jwikW !r'aeteiR. Lender slri
6e ewpfki a c~iset r ssrea pe~ocesiirrg si of forcclosrrre. iwcltriitrg, cwt wet ¦rwitei a. reaserraalt sstvrsep's fee.
stsi essls ~ ieea-rwe¦tary e+idewet, aisttsefs awl title reprlr. -
1!. IsoErs?wa'y RfgM a Rdw>1Me. Notwithstanding LendePs acceleration of the swrw secured by this Mortgage,
Borrower shall have the right to have any proceedings begun Fry lender to Enforce this Mortgage discontinued at any time
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