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Lender
s written agreement or applicable law. Bormwtr shall pay the amount of all mortgages iaswance premiums is the
manner provided under paragraph 2 hereof.
Any amounts disbursed by Lender pursuant to this pa~ryygph 7,~ with interest thereon. shall become additional
indebtedness of Borrower secured by this Mortgage. Unless Bdrmwer and Lender agree to other terms of payrtxttt. sutdr
amounts shall be payable upon r+otice 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 a+tatanding principal under the Notes unless payrneat of
interest at such rate would be contrary to applicable law, in which event such amounts shall bear intereut at tl+e highest rate
permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any exptstne or take
any action hereunder.
S. iasleNluw. Lender may make or cause to be made reasonable entries upon and inspections of the Property. provided
that lender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor relatesd to Fender's
interest in the Property.
9. C~ The proceeds of any award or claim for damages, direct or rnt+sequential, in connection with nay
condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation. are hereby assisaed
and shall be paid to Lender.
Tn the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Mc+rtsaga.
with the excess, if any, paid to Borrower. In the event of a partial taking of the Property. unless Borrower and Lender
otherwise agree in writing, there shall be applied to the sums sect+red by this Mortgage such proportion of the proceeds
as is equal to that proportion which the amount of the sums secured by this Mortgage immedrately prior to the data erf
taking bears to the fair market value of the Properly 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 make
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 i.cnder's option, either to restoration or repair of` the
Property or to the sums secured by this Mortgage.
Unlexs Lender and Borrower otherwise agree in writing. any such application of proceeds to principal shag not axtard
or postpone the due date, of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of
such installments.
10. Borrower Not Released. Extension of the time for payment or modification 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 Borrower
s successors in interest. Lender shalt not be requited to commetroe
proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the sums
secured by this Mortgage by re~sor+ of any demand made by tl+c original Borrower and Borrower's successors in interest.
ll. Forbearawte ti7' Leader Not a R?aher. Any forbearance by Lender in exercising any right or remedy hereunder. or
otherwise afforded by applicable few, shall not be a waiver of or preclude the exercise of any such right or remedy.
T.:c procurement of insurance or the payment of taxes or other liens or chsrges by Lender shall not be a waiver of Lender':
right to accelerate the maturity of the indebtedness secured by this Mortgage.
12. Remedks Cumuhtlrc. All remedies provided in this Mortgage are distinct and cumulative to any othesr right or
remedy under~this Mortgage or afforded by law or equity, and may be exercised concurnntly, independently or successively.
' 13. Successors and Assigns >6oand: Joint sad Several i.iabi8ty; Captions. Then covenants and agrcetixnts herein
contained shall bind. and the rights hereunder shall int+r~ to. the respective successors and assigns of Lender sod Borrower.
subject to the provisions of paragraph 17 hereof. All covenants and agrcements of Borrower shall be joir0 and ser+eral.
The captions' and headings of the paragraphs of this Mortgage arc for convenience only and are not to lie used ~ to
interpret or define the provisions hereof.
14. Notice. Except for any r+Mice req++ired 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 ccrtifled mail addressed to Borrower at
the Property Address or at such other address as Borrower may designate by notice to lender as provided herein, and
'I (b) any notice to Lender shall tx given by certified mail, return receipt requested. to Larders 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 Borrower or Leader when given in the mannex designated herein.
1S. Us+ifonu Mort~e; Govera~ Law: Se•erability. This form of mortgage combines uniform covenants for natanal
use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument oovaritrg
real property. This Mortgage shall be governed 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 conflicts with applicable law. such conflict shall not affect
other provisions of this Mortgage or the Note which can be given eBect without the conflicting provision, and to this
end the provisions of the Mortgage and the Note are declared to be severable.
lf. lorrower's CePy. Borrower shall be ft+r~i~hed a conformed copy of the Note and of this Mortgage at the time
of execution or after rexordation hereof. -
17, .Transte~r of fire troleriy: Assuarptiar. If all or any part of the Property or an interest therein is sold or tnraferreyd
by Borrower without Fender's prior written consent. excluding (al the oration 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.
descent or by operation of law upon the death of a joint tenant or (d) tht grant of any leasehold interest of three yeah or less -
not containing an option to purchase, Lender may, at Lender s option, declare all the sums secured by this Mortgage to be
immediately due and payable. Lender shall have waived stash option to aocekrate if, prior to the sale or transfer. Let>skr
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 intcn~st payable on the sums secured by this Mortgage shall be at such rate as Lender
shall request. Tf Lender has waived the option to accelerate provided in this paragraph 17. and if Borrowers successor in
interext has executed a written assumption agreement accepted in writing by Lender. Lertdex shall release Borrower from all
obligations under this Mortgage and the Note.
If Lender exercises such option to accelerate. Lender shall mail Borrower notice of acceleration in accordancti with
paragraph 14 hereof. Such noticx shall provide a period of not less than 30 days from the data the notice is mailed within .
which Borrower may pay the sums declared due. If Borrower fails to pay arch sums prior to the expiration of such period.
Lender may, without further notice or demand on Borrower, invoke any remedies permitted by pae~agraph 1 g hereof.
Note-Uxttoane CovEru?xrs. Borrower and Lender further covenant and agree as follows:
17 reseof. utow ~ornwet'a Itescneb erf awy eovetsaM ear
lfi. Acceksatia~ Rancdiea. S><cept as provided i• laL~
amt of Mrrower iiw pia Mahe, inelnding ttie eotenads to pay wfrew due any atsrrta seemed by !Ya MalRage. Ltweler
prior to aeeeksadow sii ail notice to >sorreawer as prorfdea iw Wagrapb 14 faxreet rs~ecltylstF (1) the ireaeb; (2) tie sctMw
rgnircd b cure wet ieeaclq (3) a dale. stet less tra 30 days troru fire date the notke Is saalie! N ~otrower. r!' wftsfrci anti
ltewcM sat be cusc~ awl H) tfsM talbre N ttsre suety rraelr a ear It+etae the dde geclfiei V the notke ay resttit d
secelesatiow eat tfe siua aecueed i7' brie Mortgage. lo.ceiowre b7' judkW prueee~ awl sale ea[ ttte Trro'erq. 1Le s+etiee
shat further lintorw Doneawer eat tre rtRM to reinstate after seeekratbn anal tree right to avert M the tereeleatrse /aoteetfiag
tie won-e:We~ee d a ektauM or an Bier lets~wse eat forrower to secekrMloer sni foreclosure. N Me tKraeM r oat easel caw
er bdore the lalt s/aeilai fi tie stotice.l{.erder at i.e~nler's oMiow ttsay ltclase r eaf the tAntta stcueed ~ this MalRa)pe N lee
i¦rrttdiateiy lue awl puyaMe withal further demand and ay Taedae trla Met~sBe iy jitsilelal ~seaecediult. lender sMi
k esrlldei to ce/aet f• sarei pnceeliat all expenses of torceiosuec. incluliag. hot wN flWtel.M. sesirwaMe sttxaeYs ites.
awd canals eat iaer-mesdary tdleeoee, afrstrnels awl title retorts.
1!. )>esseawa's Rlgkt a Regushle. NotwithstandinE, Lenders acceleration of the wms stcuted by thr M,rt;age.
Borrower shall have the right to have any proceedings begun hY Lender to enforce this Mortgage discontinued at any time
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