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Lender's written agreement or applicablz law. Borrower shall pay the amount of all mortgage instuance premiums in the
manner provided under paragraph 2 hereof.
Any amounts disbursed by tender pursuant to this paragraph ,7,• with interest thereon, shall become additional
indebtedness of Borrower secured by this Mortgage. Unless Borrower aiid~l.t:nder agree to other temrs of payment, such
amounts shall tx payable upon notice from Lender to Borrower requesting payment thereof, and shall bear interest from the
date of disbursement at the rate payable from time to time on outstanding 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 highent rate
permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expt:ase or take
any action hereunder.
8. Inspection. lender may make or cause to he 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 Larder's
interest in the Property.
. 9. Cosdemnstios. The proceeds of any award or claim for damages, direct or consequential, in connection with any
condemnation or other taking of rho Property. or part therrnf, 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 be 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 Leader
otherwix agree in writing. there shall be applied to the cumc secure) by this Mortgage such proportion of the prooeedt
as is equal to that proportion which the amount of the cumc secured by this Mortgage immediately prior to the ante of
taking bears to the fair market value of the Property immediately prig to tha date of taking, with the balance of the proceeds
paid to Borrower.
If tht Property is abandoned by Borrower. or if. after notice by lender to Borrower that the candt:mnor offers to make
an award or settle a claim far damages. Borrower fair to respond 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 o[ the
Properly or to the sums secured by this Mortgage.
Unless Lender and Borrower otherwise agree in writing. any such application of proceeds to principal shat! 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 installments.
10. Borrower Not Released. Extension of the time for payment or modification of amortization of the sums stxured
by this Mortgage granted by Lender to any cuccecsor in interest of Borrower shall not operate to release, in any manner,
the liability of the original Borrower and &?rrower'c successors in interest. Lender shall not be required to commend
proceedings against such successor or reft~se to extend time for payment or otherwix modify amortization of the sums
secured by This Mortgage by reason of any demand made by the ori¢ioal Borrower and Borrower's successors in interest.
11. Forbearance by Leader Not a Waiver. Any forhearance by Lender in exercising any right or remedy hereunder, or
otherwix afforded by applicable law, shall not be 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 Lender shall not be a waiver of Lender's
right to accelerate the maturity of the indehtedness secured by this Mortgage.
12. Renredks Csmulsthe. 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 concurrcntty, independently or strecessively.
' 13. Sacceasors and Assigns Bound: Joint and $ereral i.iabiiity; Captbss. The covenants and agreements herein
contained shall bind, and the rights hereunder shall inure to. the respective sucdssors and assigns of Lender and Borrower.
subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be joiry and several.
The captions and headings of the paragraphs of this Mortgage are for conveniend 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 mav_ designate by notice to Tinder as provided herein. and
(b) any notice to Lender shall he given by certified mail. return receipt requested. to Lender'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 or Lender when given in the manner designated herein.
1S. Uniform Mortgage; GovernirtR Law: Severability. This form of mortgage combines 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 claux 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 e0ect without the eonfliMing provision, and to this
end the provisions of the Mortgage and the Note are declared to be severable.
16. borrower's Copy. Borrower shall be furnished a conformed copy of the Note and of this Mortgage at the time
of execution or after recordation hereof.
17..Transfer of the Properly: Assumption. if all or any part of the Property or an interest therein is sold or transferred
by Borrower without Lender's prior wrincn consent. excluding (al the creation of a lien or encumbrance wbordinate to
this Mortgagt, (b) the creation of a purct:ace money cecurity imerest for household appliands, (c) a transfer by devise.
desdnt 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, dtclare all the sums secured by this Mortgagt to tx
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 :old or transferred reach agreement in writing that the credit of such person
E is satisfactory to [.ender and that the interest payable on the sums secured by this Mortgage shall be at such rate ac Lender
€ shall request. If Lender has waived the option to accelerate provided in this paragraph 17, and if Borrowers successor in
interest has executed a written assumption agreement accepted in writing by Lender. Lender shall release Borrower from all
oblj~ations under this Mortgage and the Notc.
r if Lender exercises such option to accelerate, Lender shall mail Borrower notid of acdkration in accordanc-c with
paragraph 14 hereof. Such notice shall provide a period of not less than 30 days from the date the notid is mailed within
E 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.
` Nort-UNIFORM CovEtvertTS. Borrower and Lender further covenant and agree as follows:
18. Accekatbs; Renretlks. Except ss provided iw paragraph 17 rereot, upon borrowtet's brewer of a.y coverarrt sr
agreesrest of Borrower b this Mortgage, iwcisdirrg the covewants to py wits dreg any rtstna secsrei ti lii Mort~e. I.esaer
prior fo aeeeierstbrr sraN snail sotlce to Borrower ss prodded is psragrap6 14 6ereo[ speclfylsg: (1) ire bseacfati t2) ire setiow
k regoird b care toner breach; (3) s date, wot less teas 30 days trove the ante tic wotke b stsBetl to borrower. r7' wrier sad
~ breach mrsR 6e cared; start (4) that taUure to care stir btrcscr a or before tee date s'eeifeti d tic tsotke wrsy cask b
F sccekratios o[ tee stswa srccsred by trb Mortgage. foreclosure by judicial proceedfag antl sale of tee Troperty. Tee wtrtiee
I sbaB firrtlrer istorsr Borrower of tee right to reinstate after sccekrsdoa sad tee right to ataerl br tic toreclowr~e proeeeitq
~ tie sostxbtewce of s tktstsk or any other defense o/ Borrower to accekMbs swd tortclowre. N the breach b sot eared an
~ or before the date speilied is tee notice. Lender st Lender's opbs suy decors V at fee vests stietrrstl by trb Mortgage /o k
issrediately due rrrti pyabk witrosl tsrlrer demand and may torcelore fhb Mortgage h' jtdiei.i /roeeeiR. Linder daN
be editled to eo8ee! b sscr proceeding sY a:peones wf foreclosure, bxhsding, bat rust ffssNetl to, r+esrornrble s+ttxweir'r tea.
std costs of doe~-~erdsry erldesce. sbdrscls sad tick reprls.
1!. borsowe!'r Rfgirt to Rebtatate. Notwithstanding lenders acdleration of the sums secured by this Mortgage.
Borrower shall have the right to have any proceedings begun by Lender to enforce this Mortgage discontinued at any time