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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 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, std shall bear interest from the
date of disbursement at the rate payahk from time to time on outstanding principal under the Note unless payment o!
interest at such rate would be contran? to applicable law, in which event such amounts shall bear interest at the highest rate
permissible under applicable law. Nothing contained in this. paragraph ~ shall require Lender to incur any expense a take
any action hcrcurtder.
g. Itasptetiow. Lender may make or cause to be made reasonable entries upon and inspections of the Property. provided
that !.coder shall give Borrower ootice prior to any such inspection specifying reasonable caux therefor related to Latder"s
interest in the Property.
9. Cowdewtwatiow, 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 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
otherwix agree in writing. there shall be applied to the sums secured by this iriongage 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 o[
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 condemnor oRers to mate
an award or settle a claim for damages. Borrower fails to respond to !.ender 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 else
Property 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 iostallments referred to in paragraphs 1 and 2 hereof or change the amount of
such installments.
10. Eorrower Not Released. Extension of the Time for payment or modification of amortization of the sums secured
by this Mortgage granted by Lender to any successor in interest of Borrower shall not operate to rckau, in any manner,
the liability of the original Borrower and Borrowers successors in interest. i_ender shall not be required to commence
proceedings against such successor or refuse to extend time for payment or otherwix modify amortization of the sums
secured by this Mortgage by reason of any demand made by the original Borrower and Borrowers successors in interest.
l 1. Forbearance 6y Lender Not a Waiver. 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 exercix 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.
12. Rewxdks Caaruhtti.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 exercixd concurrently, independently or successively.
' 13. Swccessors and Assigns ilband; Joist and Several T.iabrllry; Captiows. The covenants and agreements herein
contained shall bind, and the rights hereunder shall iourg to. the respective successor and assigns of Lender and Borrower.
subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be joirtj and several.
The captions and headings of the paragraphs of this Mortgage are for convenience only and arc not to lie used to
interpret or define the provisions hereof.
11. Notke. 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 Harrower may designate by notice to fender 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.
IS. Uniforwr Mortgage; Gorerwiug Law; Severab8ity. 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. 1n the
event that any provision or clattx of this Mortgage ar 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 are declared to be xverable.
16. ltbrrower'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 treTroptertr; Assumption. 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 creattan 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 purchax, Lender may, at Lender's 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 sa1J or transferred 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 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 aatunption 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 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 period.
t, Lender may. without further notice or demand on Borrower, invoke any rernedies permitted by paragraph 18 hereof.
Now-UNIFORM CovErratvtrs. Borrower and Lender further covenant and agree as follows:
lg. Accekradow; Rerwedies. Bttcepe as provided iw parrtgrapA 17 Uered. trpow >sorr+awer's bract d ay cotretawt K
agrecrwewt d Borrower b trfs Mortgage. rxlwdiag ere corewaat eo pay when doe gar sass secttxed r7' tris Mortgage. Leader
prior to accelcntloa sraM twaN wotfce to Borrower as provided la paragrapr 14 rtxcd specltrirrg: (1) Ire rt+eaer: (g) ere setbw
rga4ed to cwre ttwcr br+eaer; (3) • date, woe ks craw 30 days trowr ere date ere notice V wmBed to lerrower. ry wrier srncr
breast .test be ersred; awd (4) !rat taflrrre to care swcr rrcacr ow or ret«e ere dale specYed V ere wotice twat resale iw
accekraeiow d ere swttr rtecttacii br tris Mortgage. torccloswrr h jwdkW proeeedfwg awl sale d ere hopcrir. Tye wotitx
wall trrtrer hform Dorr~swer d ere right to rcirwtste after aceelcratbw awd ere rfgrt b assert h ere forteiowre proceeding
ere wow-a:Wewce d a default or awr otter defense d Eorrower to ttKCeleratiow awd torceloswre. B ere breast tr wol eared ew
or before the dale sptclied r ere wotice. Lewder at I.ewder's optiow twat dechre d d ere wrws secwred b7' tW Mortgage to re
irwwxdiatelr dwe awd parable witborrt !!alter demand and wrar torcclose tris Mortgage br jwdkW pr+eeeedfwR. Lender shah
be ewtltlcd to cofiett li atrt:r preeesdiwg s¦ a:pewses of foreclo_swre. iwchsdiwg. bwt woe ~ f~ reasowabk sttorser's fees.
std costs d iocr-!wewtarr eridewee. abstract awd title report.
19. ii<orrowa's Rlgrt to Reistseaee. 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 time
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