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Lender's written agreement or applicable law. Borrower shall pay the amount of all mortgage insurance premiums is the
manner provided under paragraph 2 heroof.
Any amounts disbursed by Lender pursuant to tha paragraph 7, with interest thereon. shall become additional
indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment. such
amounts shall be 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 payttdeut 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 expease or tape
any action hereunder.
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8. laspeetioa. 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 relatod to Fender's
interest in the Property.
9, Cowdewrwatbw, The proceeds of any award or claim for damages, direct or consequential, in connection writh 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.
Tn 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 Ltxrckr
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 date of
taking bears 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 Borrower, or if. after notice by Lender to Borrower that the con_ demrar oRers to make
an award or settle a claim for damages, Borrower fails to resaond to Lender within 30 days after the date such noticx is
mailed, Lender is authorized to collect and apply the proceeds. at lender's option, either to restoration or repair of the
Propery 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 catered
or postpone the due dale of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of
such installments.
tU. Borrower Not Released. Extension of the time for payment or modification of amortiution of the sums secured
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 Bc?rrower
s successors in interest. Lender shall not be required to commence
proceedings against such successor or refuse to extend time for payment or otherwise modify amortintion of the sums
secured by this Mortgage by reason of aryr demand made by. the original Borrower and Borrowers successors in interest.
1 i. Forbearance by Lewder Not a Waier. 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 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 indebtedness secured by this Mortgage.
l2. Rewredks Caraobtti•e. 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. Swccessors swd AssiRws Bowed; ~Toist ssd Several T.iabiHty; Captiows. The covenants and agreements herein
contained shall bind, and the rights hereunder shall inor~ to. the rapective successors and assigns of Lender seed Boti+ower.
subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borcower shall be jars and several.
The captions and headings of the paragraphs of this Mortgage arc for convenience only and are not to Ile used to
interpret or define the provisions hereof.
le. Notke. Except for any notice rcgrrired under applicable law to be given in another manner, (a) any ratite to
Borrower provided for in this Mortgage shall be given by mailing such notice by certifled mail addressed to Borrower at
the Property Address or at such other address as Borrower map designate by notice to Tinder as provided herein, and
(b) any notice to Lender shall be gwen 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 ratite provided for in this
Mortgage shall be deemed to have been given to Borrower or Lender when given in the manner designated herein.
15. Uwiform Mortgage; Goveraiag 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 sxurity instrument covering
real property. This Mortgage shall be governed by the law of the jurisdiction in which the Property is located. Tn 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 effect without the conflicting provision, and to this
end the provisions of the Mortgage and the Note arc declared to be severable.
_ 16. _ Eorrewer's Copy. Borrower shall be furnished a conformed cop~• of the Note and of this Mortgage at the time
of execution or after recordation hereof.
17..Trawsfer of the Property: Asssmptiow. Tf 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 subordinate to
this Mortgage. (b) the creation of a purchase money security interat 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 inter~at 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 shall have waived uich option to accelerate if, prior to the sale or transfer. Lender
and the person to whom the Property is to be co1J or transferred reach agreement in writing that the credit of such person
l is satisfactory to Lender and that the interest payable on the sums secured by this Mortgage shall be at such rate as Lender
shall request. if Lender has waived the option to accelerate provided in this paragraph 17, and if Borrowers successor in s
interest has executed a written auumption agreement accepted in writing by Lender. Lender shall release Borrower from all
oblidrttions under this Mortgage and the Note.
If Lender exercises such option to accelerate. Lender shall mail Borrower notice of acceleration in accordancti v?•ith
paragraph 14 hereof. Such notice shall provide a period of not less than 30 days from the date the ratite is mailed within
- which Borrower may pay the sums declared due. If Borrower fails to pay inch sums prior to the expiation of such period.
,a Lender may, without further notice or demand on Borrower, invoke any remedies permitted by paragraph lg hereof.
~ NoN-Urrtt=oant CovteNaN'rs. Borrower and Lender further covenant and agree as folbws:
18. Accekratios~ Rewtedk~s. Farcept provhh:d is pragnph 17 hereof, wpw Bornwera breach of rr cevewawt or
agrtewrewt of >torrower d tbls Mortgage. iwciadiwg tbt covcwawts to py whew dire sy saws secuti ti this MertBa`e. Levier
prlior to sccderatloa s~ rwW snake to >sorrower as'rovNed fa pragraplr 14 Yerto[ s'eei[ytwg: (1) the beach: (2) the scents
rgwirei to cue such htnach; (3) • dale. woe hui thaw 30 days trewr the dale the wotice fa sashed to Bon+oeer. by whkh sweh
_ beach swwst ie ewred; awd (4) that tailwre to true wch Mtseh ow or before the date specliti Iw the wotke way rartt iw
acceleration of the steer secued by this Mortgage. fireciosort by iadkW'r'octedMg asd sale of the Property. Tire astiee
shall tsrther hdortw •orr~ower of the right to rtitshte after scceieratioa awl the right b ssteA i• the tortclaaue ~roteeiwg
the wow-a:Weave of a detswlt or awy other dettwsc of >sorrower to acceleratiow mri forecioswre. N the breach is slot ewed a
or before the dale spelled r the snake. Lewder at [.esdds o'trow rway declare r st the wrr secwed b This Mortgage a be
isisscdiattly dae sari payable wkhoN trather dcerand asd wtay tortcloee th4 Mortgage y jwdkW /rreetdfaR. Leader shah
be eNitkri to coiett V strch'roeeeiiag a• t:pesses rat torethrstrt, laelwiisg. bat aN lwrBei ls. rtaseashk sttwseYs fees.
sad coats of doe.-+eahrr eviieace, abshacb awd tick repro.
I9. •orrowa's RljZht to Reiastale. Notwithstanding Lenders acceleration 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 tithe