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• Lender's written agreement or applicable law. Borrower shall pay the amount of all mortgage insurance premiums in 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 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 payrrtetA thereat, and shall bear interest ft~om the
date of disbursement at the rate payable from time to time on artatanding 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 expewe a take
any action hereunder.
s. lsspectioa. i_snder 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 Lenders
interest in the Property.
9. Condewnatbn. 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 Properly. 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 Lender
otherwise agree in writing, there shall be applied to the sums secured by this Mortgage such proportion of the prooeeda
as is equal to that proportion which the amatnt of the sums secured by this Mortgage immediately prior to the date o[
taking bears to the fair market value of the Properly immediately prior to the date of taking, with the balance of the proceeds
paid to Borrower.
~ the Property is abandoned by Borrower, or if. after notice by Lender to Borrower that the condemnor oRers to make
an award or settle a claim for damages, Borrower fails 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 ratoration or repair of 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 shall 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 amortiution of the sums aecurtd
by this Mortgage granted by Lender to any successor in interest of Borrower shall not operate to rcksse, in sny manner,
the liability of the original Borrower and Borrowers successors in interest. Lender shall not be required to commerrx
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 Borrower's successors in interest.
ll. Forbearsnce 6y Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy heretmder, 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:
right to :ecelerate the maturity of iht indebtedness secured by this Mortgage.
12. Remedies Cnwnlati•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. Snecasors and Assigns Bound; .Joint and Several. l.iabititi; Captlow. The covenants and agreemxnts herein
contained shall bind, and the rights hereunder shall intrrp to. the respective successors and assigns of Lender spd Borrower.
subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be joir~ and several.
The captions' and headings of the paragraphs of this Mortgage arc for convenience only and art not to 13e used to
interpret or deAne the provisions hereof.
11. Notice. Except for any notice required under applicable law to be given in another Wanner, (a) any. notice to
Borrower provided for in this Mortga¢e shall be given by mailing such notice by certifed mail addressed to Borrower at
the Property Address or at such other address as Bormwer may designate by notice to Tender as provided herein, and
(b) any notice to Lender shall he given by certified mail. return receipt requested. to. Lenders 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.
IS. Uniform Mortgage; Goverwing Law; Severability. This form of mortgage combines uniform covenants for national
j use and ran•uniform covenatus 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. 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 eBect without the conflicting provision, and to this
end the provisions of the Mortgage and the Note arc Declared to be severable.
~ 1~. Ibnowers Copy. Borrower shall be furnished a conformed cop}• of the Note and of this Mortgage at the time
of execution or after recordation hereof.
s 17..Trander of the Property; Asrnmptiar. if all or any part of the Property or an interest therein is sold or transferred
by Borrower without Lender's prior written consent. excluding (al the creation of a lien or atcumbrance 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 wms 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 iransferr+ed 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 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 tram all
oblijations under this Mortgage and the Note.
If Lender exercises such option to accelerate, Lender shall mail Borrower notice of acceleration in sCCOrdancc with
parainph 14 hereof. Such notice shall provide a period c?f na 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 pericxl,
[,ender may, without further notice or demand on Borrower. invoke any remedies permitted by paragraph 1R hereof.
~ Now-UwtFOatrt Covt:wewTS. Borrower and Lender further covenant and agroe as follows:
k I>s. Acederatioa; Renredb. Except as provided ~'aragrapr 17 hereof. tspn lorrowers rreaer of sary eos~enant K
~ agreeme¦t of 1err+ower `fib Mort=a6e. ircindirq tk cot/ewants to py when date am wins seawrci ti Iris Mortgage. Leader
€ prior a accsierstlon sic/ wail aoNce to Bwr+ower as rrovided fw pnrgrsyi 11 tercet speclfyl¦F (1) tie ireselr: (2) tic setierr
re~i to ewe sner ireack (3) a ds,Ic, not las tisn 3o days tnow ere date ere notice b w.Yed is >terrswer. ~ ..tier s.cr
rreaelt wtrat k erred; and (4) fiat faibre b enre atscr rreaer a ar rNorc Ire date apeYed r trc .otire wsy rants r
aecekrMiorr o[ Ire wws scented by trb MortsaRe. toreelosnre ry ~W poeeedlrt~ sstd sale et tie >rro~crty. Tire natke
srr hrtier btorw )sorrower of ere riRM to reirntste s/Ier sccekrNbw ssrd ere right b asseA iw tic torreiosrrta proeee~ttg
~ Ire non~tbtenee of a ddstilt or arty otter deterne of Borrower to aeeekratbw awd toreelowre. >t tie rr+eacr b not enrei w
or before tic rife speiitd i. ere notice. Lender at Lender's opbrr way declare a• d fie wr sccWrsi r7' fib MafgaRt ~ re
bswediately dne assd pyark witiont trrtber demand and stray foreclose Irb Morfp`e ti jndkW'roesedla~. Lender dtaN
be entitled to collect d stscr rroeecdiwg aB axpeassx of foreclosure. inehrdirrg. rnt not Bwkd M. teaaorrarrle slt.xwrtrs fees.
a¦i cab of does.'~senbry evidence. a6atrscb and tick rttPorb.
1!. lsorrowa's R1gIN to Reiatate. Notwithstanding Lenders aceekration of the sums secured by thr Mortgage,
Borrower shall have the right to have any proceedings begun by Lender to enforce tha Mortgage discontinued at any time
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