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Lender's written agreement or applicabk law. Borrower shall pay the amount of all mortgages insurance premiums in the
manner provided under paragraph 2 hereof.
Any amounts disbursed by I.cnder pursuant to this paragraph 7, with ~jntgtcst ; thet)con, 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 intereet ft+Om the
date of disbursement at the rate payahle tram time to time art outstanding principal under the Note tmkss pa}rrnextt o[
interest at such raft would be contrary to applicable law, in which event such amounts shall bear interest at the highest rafts
permissible under applicabk law. Nothing contained in this paragra 7 shall require Lender to incur any experae or take
any action hereunder. I.
s. hsspectiow. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
that Lender shall give Borrower notice pricer to any such inspection speci[ying reasonable cause therefor rclatesd to L.ender's
interest in the Property.
9. Cerwdtwwatbw, The proceeds of any award or claim for damages. direct or consequential, in connection Frith any
condemnation or other taking of the 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 f+roceeds shall be applied to the sums secured by this Mortgages.
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 secttrcd by this Mortgage such proportion of the proceeds
as is equal to that proportion which the amount of the same secured by this Mortgage immediately prior to the date e>t
taking bears to,ttte tair market valtx of the Property immediately pricer to the date of taking, with the balances of the prooeods
paid to Bot~re;Et.,
If the ~ is ahandoned by Borrower. or if. after notice by Lender to Borrower that the condemnor oRers to mate
_ _ at~aayar~jet ~ aclaim far damages_ Borrower fail. to n~rx~nd to Lender within 30 days after the date such notice a
. ~ ,marled,~Lc shorized to called and apply the proceeds. at Lender's option, either to rextoration or repair of the
ePf~ ptM~ tar to ttmts secured by this Mortgage.
' ' G e~ grad Borrower otherwise agree in writsng, any such application of proceeds to principal shatl not extend
~~posZ~o~ dale of the monthly inslallmcnts referred to in paragraphs I and 2 hereof or change the: amount o[
. Sit,. .
N~wer Not Released. Extension of the lime for payment or modification of amortiution of the sums secured
by thi~ortgage 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 Borrower's successors in interest. Tender shall not be required to comme~oe
proceedings against such successor or refute 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 Borrowers successors in interest.
11. Forbearance br Lender Not s Waiver. Any forhearance by tender in exercising any right or remedy heretmder, or
otherwix afforded by applicable law. shall not be a waiver of orpreclude the exercix of any such right or remedy.
The procurement of insurance or the payment of tares or other liens or charges by Lender shall not bt a waiver of Lender's
right to accelerate the maturity of the indebtedness secured by this Mortgage.
12. Renredks Ctrwulsfhre. 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 concurrcntfy, independently or successively.
13. Swccessors and Assikas Found: Joist and Several Liability; Captions. The covenants and agreements herein
contained shall bind, and the rights hereunder shall inttr~ to. the respective successors 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 convenience only and are not to Ile uxd to
interpret or define the provisions hereof.
14. 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 certifled mail addressed to Borrower at
the Property Address or at such other address as Borrower mav_ designate by notice to Tender as provided herein, and
(b) any notice to Lender shall he given by certified mail. return receipt requested. to Tender'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 he deemed to have been given to Borrower or Lender when given in the manner dessignatesd herein.
1S. Uwitonw Morteage: Governing Law: Severability. This form of mortgage combing uniform covenants for national
ux and non-uniform covenants with limited variations by jurisdiMian to rnnstitute 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 applicabk 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 he severable.
1`. sorrower'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. ,Transfer of the Propetrtr: Assumption. If all or any part of the Property or an interest therein is sold or transferred
by Borrower without Lenders prior writrcn concept. excluding (a) the creation of a lien or. encumbrance subordinate to
this Mortgage. (b) the creatton 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 jrnnt tenant or (d) the grant of any leasehold inter+at of three years or less
not containing 3n 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 wa;vcd such option to accelerate if, prior to the sale or transfer, Lender
and the person to whom the Property is to be solJ or transferred reach agreement in writing that the credit of each person
is satisfsctory to Lender and that the interest payable on the sums secured by this Mortgage shall be at such rate as Lender
. shall request. Tf Lender has waiveod the option to accelerate provided in this paragraph 17, and if Borrower's successor in
interest has executed a written assumption agreement accepted in writing by Lender, Lender shall release Borrower from all
oblijations 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.
Lender may, without further notice or demand on Borrower. invoke any remedies permitted by paragraph Ifs hercaf.
Now-UNIFORM COVeNeNTS. Borrower and Lender further covenant and agree as [ollows:
18. Accektratiow; Rtwedks. E:ctpt as provided iw pragra'b 17 irerwf, upo >sorrowetrrs hreseh of nay coerewswt err
stgreetstetwt e?t Eorrower V this Mortgage. iwdudiwg the te?rtwssts,e? pr whew i« ay sows aeewreel by tW Mortgage. tieatder
j *riotr to sctderstlow shag twail wotkt to Borrower as rrovided la praBeaplt 14 hereof s*eeUrlwg: (1) the haeweh: (2) the archon
r~egwlre~ 1o cwre sneh tNtach; (3) a date, woe less than 30 dsys trove the elate the rtotiee b twatiei N Borrower. by whkh sweh
~ btnscb neat be eweel; sari (4) that fsilare to cwre swch breach ow e?r before the daft sptlBei r ttae wodce rosy eeswlt b
sceekratiow of flee sttasa aecwred by tots MortgaRt. twtcioswre b jwdicial'roesedhg aasi stele o[ the h~opertr. The wodee
shay hrther iwfotrm >torrower of the riRbt to retwstate after sccekratbw swd the right b avert iw the fortteiowrs preeeeeiR
flee .ow-t:atwK of . ~f..lt or aver aher atftw„t of Ilrorrowtr to atetlerwnow awn taetlowr~. H qte MeacM Is woe cwrsd erw
a betfore the elate getifisi i¦ the asotice, Lewder at I.ewelers opiow war detcisre sM erl the sews aetewreei by teeth MsetgaRe N be
iwrwed6ttelr awe sari prsMe wkhoN further demand >awd may fe?reeloae fhb Mortgage br jwdkW'r+see;tellrrR. Lender shay
be etwtldee! to colbet V awci rroceediwg all espewses of forecloswee, iwchriiwg. beat sat tfrrritti M. resaowaMe trtt.xser's fetes.
sari cosh ere ioest•oewtary eridewce, ahstrsces wwi title rcprts.
1!. •ornOwtr's Right to Reiws/Mt. Notwithstanding lenders acceleration of the sums secured by thra Mortgage,
Borrower shall have the right to have any proceedings begun by Lender to enforce this Mortgage discontinoe:d at any time
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