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Lender's written agreement or applicable law. Borrower shall pay the amount of all mortgage insuranot 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, and shall bear interest ft+om the
date of disbursement at the rate payable from time to time on aUstanding principal under the Note unless pa~?rwertt 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 say experae a take
any action hereunder.
a. Iwapcetiow. [.ender 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 Lender's
interest in the Property.
9. Cowdenwafbw. 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.:rc 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 Lender
otherwise agree in writing. there shall be applied to the Gums xcttrcd by this Mortgage such proportion of the proceeds
as is equal to that proportion which the amatnt of the sums s-cured 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 Boy:ewer. or if. after notice by lender to l3orrowtr that the condemnor of[era to make
an award or xttle a claim for damages. Bormwer fair to respond to Lender within 30 days after the date such notice es
mailed, Lender is authorized to collect and apply the proceeds. at Lender i option, either to restoration or repair of the
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 installments referred to in paragraphs 1 and 2 hereof or change the amount of
such installments.
10. Eorrawer Not Released. Extension of the lime for payment or modi&ation of amortization of the wms strctrred
by this Mortgage granted by Lender to any successor in interest of Borrower xhall not opera(e to release, in any manner,
the liability of the original Borrower and Borrower's sttccesson in interest. Lender shall not be required to commence
proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of t)te sums
secured by this Mortgage by reason ofrny demand made by the original Borrower and Borrower's successors in interest.
11. Rorbeasawee by Lewder Not a Waiver. Any forbearance by lender in exercising any right or rcrttedy 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 I~nder shall not be a waiver of Lender's
right to accelerate the maturity of the indebtedness secured by this Mortgage.
12. Rewredies C.wwnhdre. All remedies provided in this Mortgage arc distinct and cumulative to any other right or
remedy under this Mortgage or afforded by law ar equity, and may be exercised concurtently, independently a successively.
' 13. Swecessors awd Assigws t3outsd; .loiwt sad $ereral I.iabiiity; Captioat. The covenants and agreemxnts herein
contained shall bind, and the rights hereunder shall inure to. the respective successors and assigns of Lender aod,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 for convenience only and are not to tie toed to
interpret or define the provisions herrnf.
14. Notice. Except for any notice required under applicable law to be given in another manner, (a) any notice to
Borrower provided-tor 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 may designate by notice to i.ender as provided herein. and
(b) any notice to Lender shall he given by certified mail, return receipt requested. to Lender's addtess stated herein a to
such other address as Lender may designate by notice to Borrower as provided heron. Any trotioe provided for in then
Mortgage shall be deemed to have been given to Borrower or Lender when given in the manner designated herein.
~ 1S. Uwiforw Mortgage; Gorerwiog Law; $everability. 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 thic'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 oonAicting provision. and to this
end the provisions of the Mortgage and the Note arc declared to be severable.
lf;. tlbrrower's Cody. Borrower shall be furnished a conformed cop~• of the Note and of this Mortgage at the time
of execution or after recordation hereof.
17..Trttrster of are Pro'erly: Assnwtpriow. 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 (a) the creation of a lien or encumbrance wbordinate 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 sums secured by this Mortgage to be
immediately due and payable. Lender shall have waived such option to accelerate if, prior to the sale a transfer. Lender
and the person to whom the Property is to be sold or transferred reach agreement in writing that the credit of such person
s is satisfactory to Lender and that the interc.t payable on the sums secured by this Mortgage shall be at such rare ac Lender
shall request. 1[ Lender has waived the option to accelerate provided in this paragraph 17, and if Bormwer's successor in
t interest has executed a written assumption agreement accepted in writing try 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 accekntion in accordance with
paragraph 14 hereof. Such notice shall provide a period of trot 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.
Lender may, without further notice or demand on Borrower, invoke any remedies permitted by paragraph Ifl hereof.
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NoH-UNIFORM CoveNertTS. Borrower and lender further covenant and agree as follows:
4 lg. Accdeatiow; Rewrcdles. Except as provWed iw pwragrtylr 17 hereof, wpow lsorrta+rss's rte.er of a.y corewwwt K
agrettttKwt of ¦orrower b tr4 Mortgage. hclndiwg art corewswts to pay wrew dove awy swrwa atcsred b rifts. Mortgage. Lewder
'riot b accelerwtbw wall wWi wotice to lsorrowsr s prorided Iw pngrapr 14 retreof gtcltriag: (1) are rawer: It) are st:tiow
s r+egtdred to cwre over racer; (3) a date, wet less traw 30 days trowr are date art wotke 4 wrwBed N lorrower. r!' wrier saver
i rtrewer nest re gored; awl (4) trat tilwre to grog aer rrt„er ow a refo.e are date yedfaed r are ttwtlce Wray ~ d
aKCderatbw of are swns secwr+ed by tris Mortgage. toneelosnre ti jwd{cW poetediwg awl ale of are Pro'erly. 'lire wotke
ti shay twrtrer iwtorrw llbrro+rer of are rylrt to reinstate after wecekrstbs swd are rI¢t b assert M Ire taeelgwre ps~otte~
are wos-ezbtewce of a defawk or arry arer defewsc of Borrower to wccekrNbw awd torecbwre. N are 6reacr r wet coved ow
oar rttore are Gale gecified i• are sotkc. Lewder at I.ewder's opiow Tway dechre a1 oft are suns seewred r7' tW Mortgage io re
• inasedhtely dove awd ~oywMe witrowt toriher demand rand may torecloae tlrls Mortgage h' jwdkW proeetiBwR. I-ende? shah
be ewtltkd to collect V over proctednwg a• a:pcwses of forecbswre. fwchrdiwg. rwt wet tltsrited N. reaaowaMe stt~xaer's fees.
sad eoafa of ioer:!wewtatry eridewce. abstrwcts awd title repro. .
19. lorrowa'a Rtgit to Reistate. Notwithstanding Lenders accekrstion of the sums secured by thie Mortgage.
Borrower shall have the right to have any proceedings begun by Lender to enforce this Mortgage discontintxd at any time
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