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' Lender's written agreement or applicable law. Borrower shall pay the amount of all mortgage iasurana premituas is the
manner provided under paragraph 2 hereof.
Any amounts disbursed by Lender pursuant to the paragraph 7, with interest thereon, shall become additional
indebtedness of Borrower secured by this Mortgages Unless Borrower and Lender agree to other terms of payment, such
amounts shall be payable upon notK-e from I.endcr to Borrower requesting payment iftereof, and shall bear interest fr+orrr the
date of disbursement at the rate payable from time to time on outstanding principal under the Note unless pa~rrrrart of
interest at such rate would be contrary to applicable law, in which event such amounts shall bear interest at the highest rate i
permissible under applicable law. Nothing contained in this paragraph 7 shall require i-ender to incur any experae or fate ;
any action hereunder. +
g. Isspectios. l-ender may make or caux 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 Larder's
interest in the Property. ;
9. Condemaatioa. The proceeds of any award or claim for damages, direct or consequential, in rnnrrectioa 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 Property. the proceeds shall he applied to the sums secured by this Mortgage,
with the excess, if any, paid Io Borrower. In the event of a partial taking of the Property, unless Borrower and Lender E
otherwix agree in writing. there shall be applied to the sums secured by this Mortgage such proportion of the prooeeds `
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 I.cndcr to Borrower that the rnndemtror otters to mate t
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:
Property or to the sums secured by this Mortgage- ,
Unless Lender and Borrower otherwise agree in writing. any such applica/ion 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. j
10. porrowtr Not Rckased. Extension of the time for payment or modification of amortization of the sums secured i
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 &?rrower c successors in interest. Lender shall not be required to commences ~
proceedings againu such successor or refute 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 Borrower's successors in interest.
11. Forbearapce by Lender Not a Waiver. Anq fortxarance 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 shalt not bes a waiver of Lender's
right to accelerate the maturity of the indebtedness secured by this Mortgage. -
12. Remedks Camuh>the. 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. Seecesaors cad Assigns Bound: Joint cad Several I.isbr'pty; Captbas. The covenants and agreements herein
contained shall bind, and the rights hereunder shall intirt; 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 chic Mortgage are for convenience only and arc not to be used to
interpret or define the provisions hereof.
U. Notke. Except for any notice required under applicable law to be given in another manner, (a) any notice to
Borrower p;ovided for in this Mortga¢e shall be given by mailing such notice by certitkd mail addressed to Borrower st i
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 I-ender'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.
1S. Uniform MortRrrge; Governing Law: Severability. This form of mortgage combines uniform covenants for national
k use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform sCCUrity 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 applicable law, such conflict shall not affect -
t 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 are declared to be severable-
16. lorrower's Copy. Borrower shall be furnished a conformed copl• of the Note and of this Mortgage at the time
j of execution or after recordation hereof.
17..Trsrrder of ere Property: Assumption. if all or any part of the Property or an interest. therein a sold or transferred
by Borrower without Lender's prior wrinrn consent. excluding (al 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 [.ender'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 coed 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 Borrowers successor in
.interest has executed a written assumption agreement accepted in writing by Lender, Lender shall release Borrower from sll
- obligations under this Mortgage and the Note. -
If Lender exercixs such option to accelerate. Lender shall mail Borrower notice of acceleration in accordance: with
paragraph 14 hereof. Such notice shall provide a period ~f 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 Stich sums prior to the expiration of such period.
Lender may, without further notice or demand on Borrower. invoke any remedies permitted by paragraph Ig hereof.
NoN-UNIFOaM CoveNaNTS.. Borrower and Lender further covenant and agree as follows:
Ig. Accekratba; Resseaks. B:ceps s provWed is pragrsipr 17 Irtrtot, upw Dorrowa's Mead of tray covetnret or
agrecweN of porrower m Nts Mortgage, rueludiwg ere covenants to py wlrea ane wy saws seearea ty trb Morglage, I.eaaer
prior to accdcr>ttloa srsi wtrit wotice tq don+ower as pro•Ided M pragnpr 111rercot specY>I~r (1) ere Mtacr; (2) ere seMow
t rega4ea 1o care sate Mtacr; (3) s date, rat less Nan 39 days tr+t?w ere watt ere notice r waged fe >terrswer, r7' wrkr seer
brace vast be etrred; fwd (4) teat failure to core such March a or betare ere daft yeefpea r ere weeks way radA ire
ttccderatiow of ere saws oecttued by trk Mortgage, toreciosrrrt ~ jaaicW proctedMg Seri sa+k of the Property. Tire wotke
stall 6rtrer iatorw Eorrower of ere right to reiwstatt after acceleration swd ere rlgrt b assert ire ere toreclosart proetealrtg
fee rare-a:btcnce at a aettult or troy other dctease of Borrower to sKCdcratbrr aria /oreclonrre. B ere M~eacr is wt ewe! ar
or before Ne asst geciid i• ere wotke, Leader at Leader's optiow way declare sp of fret wws seewrea b7' 1rt. Morlgttge ie be
irwrwedistely dire asra pysbk wkroat trrrtber demand and Bray totrttlose eels Mortgage bf jrrakW ~rrftttalrtg. Lender snap
be ewtldea to copses b saer proceednwg a~M expeases of forecbsare. Iwehsaistg, 6N wet pwffea /s. reasewsbit stt~xser's fees.
arwa costs of aocr:~wewtary eviaewce, abstrscb swa tick rtprb.
1!. Isorrowa's Rlgrt to Reiwstate. Notwithstanding Lenders acceleration of the wins secured by thn Mortgage,
Borrower shall have the right to have any proceedings begun by Lender to enforce this Mortgage discontinued at any time
aoox 321 PacE22~Q