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?.ender's written agreemet?t ar applicabk law. Borrower shall pay the amount of all mortgage insurantx premiums in tots
manner provided under paragraph 2 hereof.
Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shall become additional
indtbtedness of Borrower secured by this Mortgage. Unless Bornower,at>!i l.e~tder agree to other terms of payment, stick
amcxrnts shall be payable upon notice from Lender to Borrower regircating payment thereof, and shall bear interest from the
date of disbursement at the rate payable from time to lime on outstanding principal under the Note unless pa'ymart of
interest at such rate would be contrary to applicable law, in which event such amounts shall bear interest at the highest ratDe
permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any ettptsrne of ttta
any action hereunder.
8. Isspeetion, Lender may make ar cause to he made reasonable entries upon and inspections of the Property. provided
that Lender shall give Borrower notice print to any such inspection specifying reasonable cause therefor related to Lender's
interest in the Property.
9. Condemnation. 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. arc hereby assigned
and shall be paid to Lender.
in the event of a fatal taking of the Property. the proceeds shall he 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 agree in writing. there shall be applied to the sums sec++red by this Mortgage such propotiion of the proooeds
as is equal to that proportion which the amount of the sums sec++red by this Mortgage immediate{y prior to the date of
taking hears to the fair market value of the Property immediately prior to the date of taking, with the balance of the proceeds
paid to Borrower.
If the Property is abandoned by Bar-,ewer. or if. after nrnice by tender to Borrower that the condemnor offers to mate
an award or settle a claim far damages. Borrower tail. to respond to Lender within 30 days after .the date such notice is
mailed. Lender is authorized to rnllect and apply the proceeds, at lender's option, either to ratoration or repair of tie
Properly ar to the sums secured by this Mortgage.
Unless Lender and Borrower otherwise agree in writrne. any such app{icatian of proceeds to principal shall not rattend
or postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount o[
such installments.
10. Borrower Not Released. Extension of the time For payment or modification of amortization of the sums atscured
by this Mortgage granted by T-ender to any successor in interest of Borrower shall not operate to release. in any manner,
the liability of the original Borrower and B+?rrower'c successors in interest. i_ender shall not be required to comtrtence
proceedings against such successor or refuse to emend time for payment or otherwise modify amortization of the sums
secured by this Mortgage by reason of any demand made Dy the original Borrower and Borrower's successors in interest.
I1. Forbearance by Lender Not a Waiver. Any forbearance by Lender 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 ar 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.
12. Remedies Cnmuhtire. All 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, independently or successively.
' 13. Successors and Asslg~ Bound:.loint and Several Liability; Captbns. The covenants snd agrtxments herein
contained shall bind, and the rights hereunder shall intrr~ to. the respective successors and assigns of Lender seed Borrower.
subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be join] and several.
The captions and headings of the paragraphs of this Mortgage arc far convenience only and arc not to be used to
interpret or define the provisions hereof.
14. Notke. Except for any notice rcy++ired under applicable law to be given in another manner, (a) any notice to
Borrower provided for in this Martgaee 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 i~nder as provided herein, and
(b) any notice to Lender sfia11 he given by certified mail. return receipt requested. to [_ender'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 Borrower ar Lender when given in the manner designated herein.
1S. Uniform Mortgsge: Gorernin>Z Law: Se•erability. 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. 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 nr the Note conflicts with applicabk law, such conflict shall not affect
other provisions of this Mortgage or the Nate which can be given eBect without the conflicting provision, and to this
end the provisions of the Mortgage and the Natc are declared to be severable.
16. lleorrower's Copy. Borrower shall be furnished a conformed copy of the Note and of this Mortgage at the tittle
of execution or after recordation hereof.
~ 17..Trander of the Property: Assumption. If alt r.r any part of the Property or an interat therein is sold or transferred
by Borrower without Lender's pricer writ+rn consem. ewcluding (a) the creation of a lien or erteumbnnce subordinate to
[ -this Mortgage. (b) the creation of a purchase money security interest far household appliances, (c) a transfer by devist.
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 dtx and payable. Lender shall have w:+ived st+ch option to accelerate if, prior to the sale or transfer. Lender
and the person to whom the Property is to be sa1J ar transferred reach agreement in writing that the credit of such person
is satisfactory to Lender and that the intcrrst payable on the sums secured by this Mortgage shall be at such rate as Lender
shat{ 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 Lender, Lender 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 accordance with
paragraph 14 hereof. Such notice shall provide a period of not less than 30 days from the date the valise is mailed within
which Borrower may pay the sums declared due. If Borrower fails to pay such sums prior to the ettpintion of such period,
Lender may, without further notice or demand on Borrower, invoke any remedies permitted by paragraph lg hereof.
NoN•UtvtFOarN COVENANTS. Borrower and Lender further covenant and agree as fol{ars:
j 18. Acceleration; Reweditx. )E:cept as provided in paragraph 17 rer+eof, upon lorrowe~a bread of any covenant K
` agrscrnent of Borrower ie trla Mortgage, inclndirrg ere corcaants to pay wren dtre any sums tteawred y tits Mortgage. Lender
prbr to acceicraNon staff mail aotlce to Eorrow~er as prodded In paragrapr 14 rereo[ specit>f~: (1) ere 6reacb; (21 ere setbw
regnleed to sloe least 6resci: (3) a date. not less tray 3d days from the date tee uotke r wailed b 1orrower. by wrki ewer
bract mwt 6e cured; and (4) tlrau faUnn to core arch btrcacr on or befog ere date a~eeMed r tie wotke way e+estrk b
•f sccderatlon of ere attars ttccttued by trk Mortgage. fonclosnrr by jndkW procsedMg steel teak of ere Pr+orerry. Tire nutlet
sraN frrrtrcr hfornr Borrower of tee right to ninststc after scceleration and ere right b aaasrt M ere foreerrane one:ate
tie wn-esWewce of a defaelt or any otter defense of Borrower to sccekMfow and forecloare. N ibe breaer is cwt esrei a~w
or before ere dale ateclfkd i• ere nMke. Lender at I.cnder's optbn way decbrre ap of ere tnrwo ttttetrred by tNa MortpQe a be ?
s iwwcdiately doe sari pyabk witbont tertlxr demand and may foreclose trfa Mortgage by jstlkW /neesdMR• tender daN
~ be eatitled Io eoYeet M arrcr proceednng ap expenses ni toreclosrrro. Inthadiag. Dot not limited ta. reaaonaMe stt•,rseYa fees.
and cos4 of doe~c~nentary evidence. abstracts awd tick report.
19. •ortrowa'a Rkrt to Reieaa<ate. NatwithstandinR Lenders acceleration of the sums secured by th+! Mortgage,
Borrower shall have the right to have any proceedings he(tun by Lender to en[orce this Mortgage discontinued at any time
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