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Lender's written agreement or spplicabk taw. Borrower shall pay the amount of all mortgsge insurance premiums in the
mariner provided under paragraph 2 hereof. ,
" Any amounts disbursed by Lender pursuant to this ps 7. swith interest thereon. shall become additional
indebtedness of Borrower secured by this Mortgage. Unless Bb~r~r and Lender agree to other terms of paytiAeM, such
aanounts shall be payable upon natk~e from Lender to Borrower requesting payment thereof, and shall belr interest ft+om this -
date of disbursement at the rate payable from time to time on aitstariding principal under the Note unless payaserit of
interest at such rate would be contrary to applicable law, in which event such amounts shall btmr interest at the highest rats
permasi"bk under applicable law. Nothing contained in this paragraph~7 shall require Lender to incur any expense a fate
-any adios hereunder. -
R Itta*telM~. Lender may make or catae to be made reasonable entries upon and in3pections of the Property. provided
that Lender shall give Borrower notice pricx to any such inspection specifying reasonable cause therefor related to Ldider's
interest in the Property. -
CouienwNiow. 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 o[ cortdemnstion. arc herritryr assigned
and shall be paid to Lender.
in the went of s total taking of tht Property. the proceeds shall bt applied to the sums secured by this Mortgage,
with the excess, if any, paid to Borrcwver_ In the evrnt of a partial taking of the' Property. unless Borrower and Letder
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 markN value of the Property immediately prior to the. date of taking, with the balattot of the ptooeeds
paid to Borrower.
If the Property is abandoned by Borrower. or if. after notice by Lender to Borrower that the oondernnor ofikrs to mate
- an award or settle a claim for damages. Borrower fails to respond to Lender within 30 days after -the date such ratios is
mailed. Lender is authorised to collect and apply the proceeds. at Lender's option, either to restoration~r ttepair of the
Property or to the sums secured by this Mortgage.
' Unless Lender and Borrower otherwise agree 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 instslhnents. -
1B. tarswer Not Relcasei. Extension of the time for payment or modification of amortization of the sums secured
by this Mortgage granted by Lender to any wecessor in interest of Borrower shall not operate to release. in any manner.
the liability of the original Borrower and Borrowers successors in interest. Lender shall not be required to commence
proceedings against such siiocessor or refuse to extend time for payment a otherwise modify amortization of the sums
secursd by this Mortgage by reason of any demand made by the original Borrower and Borrower's wccessors in interest.
11. Farlsarance ry iewier Not s Waiver Any forbearance by Lender in exercising any right or remedy hereunder. or
otherwise afforded by "applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy.
The procurement of inwrarae or the payment of taxes or other liens or charges by Lender shall not be a waiver of Lender's
right to accelerate the maturity of the indebtedness secured by this Mortgage.
li Re~eiies Csiirrhli~ Afl remedies provided in this Mortgage are distinct and cumulative to any other right or
remedy under this Mortgage or afforded by law or equity, and may be exercised concurrently, indepenrkatly or successively.
' 13. Sueea~rs amt Assigns Isoiitide Jolt grit .Several i.iabiliy; Ca'1Mas. The covenants and agreements herein
-contained shall bind. and the rights her+eurider shall inure to. the _respective wtxessors and assigns of Lender sod Borrower.
wbjed to the provisions of paragraph 17 hereof. All covenants -and. agreeniettts of Borrower shall be join and several.
The captiais' and headings of the paragraphs of this Mortgage are for convenience only and are not to tk used to
interpret or define the provisions hereof.
14. Nuke. Except for any notice 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 Tender as provided herein, and
(b) any notice to Lender shall .re given by certified mail. return receipt requested. to Lender's address stated herein or to
such other address as Let><kr may designate by notice to Borrower as provided herein. Any notice provided for in this
Mortgage shalt be deerrred to have been given to Borrower or Lender when given in- the manner designated her+eiri.
iS. Uaiiras Mortgage; Goveri~ Law; Severability. This form of mortgage combines uniform covenants for national
~ use and ran-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering
real property. 'ibis Mortg:Be 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 slfed
other provisions of this Mortgage or the Note which can be given eQect .without the conflicting provision. and to this -
end the provisions of the Mortgage and the Note arc declared to be severable.
li. Mrsesrds Ceq. Borrower shall be furnished a conformed cop) of the Note and of this Mortgage at the time
of execution or aher recordation hereof.
17..11ta~srer of t>te hopesfy; Assawiptiosr. 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 encumbrance wbordinate to
this Mortgage. (b) the creation of a purchase money security interest fa household sppliances, (c) a transfer by devise.
desomt a by operation of law upon the death of a joint tenant or (d) the grant of any leasehold interest of three years or less
not tgKaining an option to purchase, Lender may, at Lender
s option, declare all the awns secured by this Mortgage to be
immediately due and payable. Lender shall have vraived Stich option to aoceknte if. prior to the sale or transfer. Lender
snd the person to whom the Property is to be cold or transferrrd reach agreement in writing that the credit of such person
is satisfactory to Lender and that the interest payable on the sums secured by this Mortgage shalt be at such rate as Lender
shad request. if Lender has waived the option to accelerate provided in this paragraph 17, and if Borrowers successor in
interest has executed s written assumption agroentatt accepted in writing by Lender. Lender shall release Borrower from all
obilpations under thle Mortgage and the Note. _
if Lender exertxses such option to accelerate, Lender shall mail Borrower notice of accekratan in accordanc-c with
paragraph 14 hereof. Such notice shall provide a period of rat less than 30 days from the date the notice is mailed within
which Borrower may pay the scans declared due. if Borrower tails to pay such sums prior to the expiration of such period,
I.erider may, without further notice or demand on Borrower. invoke any remedies permitted by parsgraph 18 hereof.
Np~r-Ut+tFpu,~t Coveru?rrrs. Borrower and Lender further covenant and agroe as follows:
ig. Aecd~ Rerneies. lgtsee}t as prsrMed i• Mragra~ 171ieeest. •!N >sers,swes's breneb ar amy nvesswt K
agrr'a~t d 1taKtrarwer iu tats Mortgage, ~i lke eoaramis a Ny when isie ar)r snras stewatl b iris Mergpige. Center
pristr M acedessYso slit toad >.odce N Brsss?wer as ~fied b patrigrapi 14 Deseor speelryittgs (1) Ae iteaclu (t) the aKtMrr
stgiretl r ettae acct ~ p) s dWe, ..t Ins lbs. 3w1 ~ tra. efts seta ~e t.atiee r r~aietl t. l.rnrwer, lw, ..lik6 sed -3
ilseaKl ta?ust k cme# art (41 flat raYtrre N tare sne# breaefr on ax lidere tote Gate apeeiied V ire wofke tstsy r+estit it
atc+eleralisn ad ~ wt•s seearsd iYy ibis Mortgage, haeclawre fry jrtReW lreeseiR a¦a sale er the lrre'erty. 71ie tusdcs t
aMi rwrrer inter rtrewet a>< tle right N reieslate oiler sceeleratiow amt tle rtgM a avert is fMe rerstlsatrre preeeeiR
r~e.ew•es3rlaee sr . dleranlt er amy.uer tiereasse .r B.rrw.er N aeederatiow art/ roseeles.re. K ue krgti is .a enrei
er iYerere rye its srediei i Ile tsslice. Lender at l.ewtler~s opts ray ieelsre si sr rye states aaawtei ~ rir Mortgage !a k j
itismediateh? ie aril NyaMe wiil.at fsrtlier dewaait auir ray rreel..e tfiis Mettgttge y ~ wrreee+rR. Leader ,loll {
k etrliiei M eaieet is anti p~aeeeiirg ai of ferecloawe, relt~. lbtrt oat riles t.. reaaeaYe altxaer's fes, f
ti¦i essls.r i.eit+eerarP e+i+etace. aMbscts aartl title rer.rls.
- 1! lmsrw~a's Rtalit N R~aiestate. NotwithstandinE Lender's aocsleration of the sums secured by thin Mortgage,
Borrower shall hays the right to have any prouedings begun try Lender to enforoe this Mortgage discontinued at any time
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