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Lender's written agreement or applicable law. Borrower shah pay the amount of all mortgage insurance premiums in the
manner provided under paragraph 2 hereof.
Any amounts disbursed by Lender pursuant to the paragraph 7, with intcrtst thereon, shall become additional
imkbtedness of Borrower stcurtd by this Mortgage. Unless Borrower and 1 ruder agree to other terms of payment. such
amcxtnts shall be payable upon notice from Lender to Borrower reyutsting payment thereof, and shall bear interest from the
date of disbursement at the rate payable from time to time on otustanding principal under the Note unless pa~rment of
interest at such rate would be contrary to applicable law, in which event such amounts shall bear interest at the highest rate
permissible under applicable law. Nothing contained in This paragraph 7 shall require Lender to incur any expetae or take
any action hereunder.
13. ltrspectioa. Lender may make or cause to be made reasonable entries upon and inspections of the Property. provided
that Lender shall give 8orrowtr notice prior to any such inspection specifying reasonable cause therefor related to Lender's
interest in the Property.
9. Coadewwtba. 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 of condemnation, are hereby assigned
and shall be paid to Lender.
In the event of a total taking of the Property, the proceeds shall' tit 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 Lender
otherwise agrce in writing. there shall be applied to the sums secorcd by this Mortgage such proportion of the proceeds
as is equal to that proportion wh+ch the amount of the sums sec~ired by this Mortgage immediately prior to the date of
taking bears to the fair market value of the Property immediately prior to the Jate of taking, with the balance of the proceeds
paid to Borrower.
if the Property is abandoned by Bor:over. or if. after notice by I.euder to Borrower that the condemttor offers to make
an award or settle a claim for damages. Borrower fail. to rest~nnd 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 of the
Property or to the sums secured by this Mortgage.
Unless fender and Borrower otherwise agree in writing, any such application of proceeds to principal shall rot extend
or postpone the due date of the monthly installments referred to in paragraphs i and 2 herevi :,r change iht atrtasa! os
such installments.
10. Borrower Not Released. Extension of the time for payment or modification of amortization of the sums stxuned
by this Mortgage granted by fender to any cuccecsor in interest of Borrower shall not operate to rcleast. in any manner,
the liability of the original Borrower and Borrower's successors in interest. 1_endtr shall not be required to commence
proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the sums
secured by this Mortgage by reason of any demand made by the original Borrower and Borrowers successors in interrct.
11. irorbeararlce by Leader Not a Wai~•er. Any forbearance by 1-ender in exercising any right or remedy hereunder. or
otherwise afforded by applicable law. shall not he a waiver of or preclude the exercise of any such right or remedy.
The procurement of insurance or the payment of taxes or other liens or charges by i.ender shall not be a waiver of Lender's
right to accelerate the maturity of the indebtedness secured by this 1ltortgage.
12. Remedies CnmuhWt?e. 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 successively.
13. Sneeesrors and Assigns bound; Joint gad Several T.iab'lity; Captions. The covenants and agreements herein
contained shall bind, and the rights hereunder shall instep to. the respective successors and assigns of Lender and Borrower.
subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall bt joiry and several. t
The captions ~ and headings of the paragraphs of this Mortgage are for convenience only and are not to tie used to
interpret or define the provisions hereof.
14, Notice. 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 rosy designate by notice to Tender as provided herein, and
(b) any notice to Lender shall he given by certified mail. return receipt requested. to [.enders 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 shay bt deemed to have been given to Borrower or Lender when given in the manner designated herein.
15. Uniform Mortgage; GoterainR Law; Severability. This form of mortgage combing uniform covenants for national
use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering
real properly. This Mortgage shall be governed by the taw 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 eBeet without the conflicting provision, and to this
end the provisions of the Mortgage and the Note are declared to be severable.
i6. Qormwers Copy. Borrower shall be tarnished a conformed cop)• of the Note and of this Mortgage at the time
of execution or after recordation hereof.
17. ,Transfer of ere Property; Assumption. if all or any part of the Property or an interat therein is sold or transferred
by Borrower without Lender's prior written consent. excluding la) the creation of a lien or encumbrance subordinate to
this Mortgage, (b) the creatu+rt 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 c option, declare all the sums secured by this Mortgage to be
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 colt or transferred roach 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 sttch rate as Lender
shall request. if Lender has waived the option to accelerate provided in this paragraph 17, and if Borrower's successor in
interest has executed a written assumption agreement accepted in writing by Lander. Lender shall release Borrower from all
obljgations under this Mortgage and the Note.
If Lender exercises such option to accelerate, Ltnder shall mail Borrower notice of acceleration in accordance with
paragraph 14 hereof. Such notice shall provide a period rf not less than 30 days from the date the notice is mailed within
which Borrower may pay the sums declared due. Tf 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.
Nox-UNIFORM CovENeNts. Borrower and Lender further covenant and agm as folkrars:
la. Acceleration; Reaedies. Except as provided is psrapspr 17 iereot, trpoa itorrower'n breacr of any covewtuN or
agreemnat of Eorrower b tris Mortsagc, Iacladias tie covenants to pay wren ace asy tames seetrrei by sets Mortgage. Leader
prior to rrccelerstlon slab wail nMke to Borrower as provides fn paragrapr 14 rereer speeltyfa~: (1) ere br+raer; (2) ere actiew
required to cure ttocr bsacr; (3) tt datie, not less tiara 30 days tram ere date tee wodee In waged to >orrower, ry wriest stscr
brraei want ie r:tlrtd; anti (Ij trN bNnre to care twci bread oa or beforo ere date npecliei d ere wotlee tray resaM u
acceicratlow of tie tttsn tttxtsrcd by trk MortsaRe, toreclosnre ry judicial procetdhs ani snk of tbt Tropcrty. Tie wotiee
shah furrier iatorw lorrower of ere riRM to reiastste tlter accekrsdoa and ere tiger to avert b tie torecioarre prrvese~ttg
ere rwn-existetAre of a detaalt or gar osier deteetse of Eorrower to accekratbn gad torerbwre. N ere breach M not cared oa
or before ere date specliei b tie trotke. Leader at Leader's opting way declwe sB of ere states seenrei by trln MortgaRt! b be
imaxdiatdy due alai pyaMe witroN tattier demand and may foreclose tMn Mort~e h' jadkW procrcdiag. Leader sraN
be eadtkd to coDeef is steer procgediag ar espeases of forecbstrre. belnding, bet not ¦rrdfed te. reasswa6lc starner's fees.
twd costs of doc~'eestary eridewee, abstracts and tick rtporb.
19. Dorrv?wp's Rkltt to ReLstate. Notwithstanding Lenders acceleration of the sums secured by thr_ Morigage,
Borrower shall have the right to have any proceedings begun by Lender to enforce this Mortgage discontinued at any time
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