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Lender's written agreement or applicable law. Borrower shall pay the amount of aQ mortgage insurance praniums is the
manner provided under paragraph, 2 hereof.
Any amounts disbursed by Lender pursuant to this paragraph 7, with interat thereon. shall become additional
indebtedness of Borrowar secured by this Mortgage. UrJess Borrower and Lender agree to other terms of paymaat, such
amounts shall be payable upon notion from Lender to Ho ~rr~1w~ttpg payment thereof, and shall bear interest from the
date of disbursement at the rate payable from time to ~dh ~tti++!f~iag principal under the Note unless payaaent of
interest at such rate would be contrary to applicable law, in which event such amounts shall boar interest at the highest rate
permisaibk under applicable law. Nothing contained in this paragraph 7 shall require Fender to incur say expems or take
any action hereunder. ~ -
1L~ Iwspatlow. 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 related to Lender's
interest in the Property.
9. Cowdeswatiow. The proceeds of any award or claim for damages, direct or vorssequeatial, in eonnecdon with say
. condemnation or other taking of the Property, or part thereof, or for oonveyanee in lieu of condemnation. are herby assigned
and shall be paid to Lender.
In the event of a total taking of the Property, the proceeds shall 6e applied to-the sums secured by this Mortgage.
with the exoas, if any, paid to Borrower. in the event of a partial taking of the Property, unless Borrower and bender
otherwise agree in writing. there shall be applied to the soars second by this Mortgage such pt+oportioa of this 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 fire date of taking. with the balance of the proceeds
paid to Borrower.
If thg Property i4 abandoned by Borrower. or if, after notice by Lender to Borrower that the ooadaanor offers to make
an_ award or settle a claim for damages, Borrower fails to rapond to Lender within 30 days after the date such notice is
mailed. j<.ender is authorized to collect and apply the proceeds, at Lender's option. either to restoration or repair of the
Property ~r t~ t~ sums secured by this Mortgage.
Uirtest Lender wind Borrower otherwise ague in writing, any such application of proceeds to principal shall not extend
or postpone tha due date of the monthly irutallments referred to in paragraphs 1 sad 2 hereof or change the amount of
such iirstalltttrats.
. 19.E .Dsrt+owrrNot Released. Extension of the time for payment or modification of amortiutioa of the sums sxnred
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 Bor~~er's successors in interat. Lender shalF not be teequired to eotntrreaoe
proceedings agairsst such successor or refuse to extend time for payment or otherwise modify.atrartiution of-the sums
secured by this Mortgage by reason of any demand made by the original Borrower and Borrower's successors in interest.
ll. Forbarawce r7 Leader Not a R?aher. 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 tight or remedy.
The procurement of insurance or_ the payment of taxes or other liens or charges by Lender shall not be a waiver of Leader's
right to accelerate the maturity of the indebtedness secured by this Mortgage.
1Z. Resedies CwsaisfHe. All remedies provided in this Mortgage an 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 successively.
13. Swcteseoas awd Aasigws )bead; Joint sad Seretai I3abilign, Csptbas. The covenants and agreements herein
contained shall bind. and the rights hereunder shall inure to, the rapective successors and assigns of Lender and Borrower,
subject to the .provisions of paragraph 17 hereof. All covenants and agrcemenu of Borrower :hall be joint and several.
The captions and headings of tht paragraphs of this Mortgage an for convenience only and are not to be used to
interpret or define the provisions hereof.
14. Notion 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 certi&d 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 `
(b) any notice to Lender shall be given by certified mail. return receipt requested. to Lender's address stated herein or t9
such other addras as Linder 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 Lender when given in the manner designated herein.
1S. Unifors Mortgage; Goveraiog Law, Severability. This form of mortgage rnmbints uniform covenants for national
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
event that any provision or clause of this Mortgage or the Note oonflict_~ with applicable law, such conflict shall not affect
other provisions of this Mortgage or the Note which can be given effect without the conflicting Nrovision, and to this
end the provisioat-of the Mortgage and tl~e Note an declared to be severable.
16. lorrowet's Copy. Borrower shat! be furnished a conformed copy of the Note and of this Mortgage at the time
of executioxe or after r~ec:ordation hereof.
17. 'l~awsfer of the )rroppty; Assumption. If all or any part of the Property or an interest therein a sold or transferred
by Borrower without Lender's prior written consent, exct.:ding (a) the creation 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) the grant of any leasehold interest of three years 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 shalt 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 interest payable on the sums secured by this Mortgage shall be at such me as Lender
shall request. If Lender has waived the option to accelerate provided in this paragraph 17, and if Borrower's successor in
interat has executed a written assumption agreement accxpted in writing by Lender, Lender shall release Borrower fS+om all
obligations under this Mortgage and the Note.
If Lender exercises such option to accelerate. Lender shall mail Borrower notice of acceleration in accordance with
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 sums declared due. If Borrower fails to pay such sums prior to the expiration of such period,
Lender may, without further notice or demand on Borrower. invoke any remedies permitted by paragraph 18 hereof.
Norr-Uxtroar?t CovErret~-rs. Borrower and Lender further covenant and agree as follows:
Ig. Atcelesatiow; Reaaediea. Except as provided iw paragrapr 17 6treof, stloe bortowa~s breaei of ary to~ewawt w
agreeserrt ~ borrower ft tri Mortsage, ledadbai fie tovesrsfs to pity wrrlw dwe ~7' sntwe aeeered by Eris Mortgage, I.lsri!!
prior b accelardiow sraY sae wotke b borrower as provided V paragraph l4 hereof speci~rrgz (1) tie 6s+nelr; (Z) ire attlow
regdrod b twte si+rb brgcr; (3) a date, sat less traw 3A days Eros tie date ire satke iia wailed to •onower, 6y wilds weh
bt+gdr sast tK traced; assd (4) fiat faiirrre to core strdr rsewei ow a before fie date apetlied i ire wofke w>ay trait I•
sccdeawgow of t!e sass setrrned by Eris Mortg~e, foreciowre r7' ~dlidal prott~ sysi ctle o! tie )Merely. 'lira wotlte
sit+aB father iwfors borrower oi? tie riigrt to aeLasfate after aoeekratlow sad tie riigrt b areal b tie faedearrse gswteeilwg
thewon-ezistsote at a defsrdt or am other aeterrse of borrower to acederaHoa aei toradoaa+e. g ftie breatk is t+ot eas~ai on
or bdore ~e date apa~8ed b tie satke, Lender at Iiewda's opfbw say dalate d of ire ass aetwrei his Mortgage b ie
~scdMbdf dwe awl pwyabk witiroot hrtlrer dewuwd and wry foreelore dds Mortgage by j~itLl peraeaedirrg. Levier slat
be eadiBei b erslsett d awl pe~oteedio; sit a~paaa of teaetlorore, lwti~, 6wt wet Ysitea b, reaaewabie atterwel+ls fsa.
awl casts d dotww~ evldcwte, abafratb awl tl8e trc}otle. - - _
lf. Isort~ower's Rfgit to RefMate: Notwithstanding Leader's acceleration of the sums aocnred by thu Mortgage.
Borrower shall have the right to have any proceeding: begun by Lender to enforce this Mortgage diatontinued at any time
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