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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 .tp. terms of payment. such
amounts shall be payable upon notice from Lender to Borrower requesting payment ltreredf; ~tttl shall bear interest from the
date of disbursement at the rate payable from time to time on arrtstanding principal under the Note unless pa~rreteat of
interest at such rate would be contrary Io 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 experae or fate
any action hereunder.
fl. Ia~eetiort. Lender may make ar 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 reasanabk caux therefor related to Lender's
interest in the Properiy.
9. Corrdew~Niow, 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 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 bender `
otherwix agree in writing, there shall be applied to the sums secreted by this Mortgage_ 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 of
taking bears to the fair market value of the Property immediately prior to the daft of taking, with the balance o[ the proceeds
paid to Borrower.
If the Property is abandoned by Borrower. or if. after notice by 1_ender to Borrower that the condemnor oRers to matte
an award or settle a claim far damages. Borrower fails to respond to tender within 30 days after the date such notice is
mailed. Lender is authorized to collect and apply the proceeds. at lenders option, either to restoration or repair of the
Property or to -the sums secured by this Mortgage.
Unless Lender and Borrower otherwise agree in v.•ritinle, any such applicatian of proceeds to principal shall not extend
or postpone the due date of the monthly installments referred to in paragraphs I and 2 hereof or change the amount of
such installments.
10. Borrower 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 Borroeer shall not operate to release, in any manner,
the liability of the original Borrower and Borrower
s successors in interest. Lender shall not be required to commence
proceedings against such successor or refuse to emend 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. Forbearance rT Leader Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or
otherwix 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's
• right to accelerate the maturity of the indebtedness secured 6y this Mortgage.
12. Rewedks CossWire. 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 concurrently. independently or sucoessivdy. '
' i3. Suecessors swd AsslRss sound: Joist swd Se•ersl i.isbility; Captbas. The covenants. and agreements herein
contained shall bind,. and the rights hereunder shall inure to. the mpective successors and assigns of Lender acrd Borrower.
subject to-the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be joirtT and several.
The captions ~ and headings of the paragraphs of this Mortgage arc far convenience only and are not to lie used to
interpret or define the provisions hereof.
11. Notice. 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 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 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. UaNorw Mort~e: Governing Law: SererabBHy. 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 clatrx of chic Mortgage or the Note conflicts with applicable law, such conflict shall not affect
~ other provisions of this Mortgage or the Nate which can be given effect without the conflicting provision, and to this
end the provisions of the Mortgage and the Note arc declared to be severable.
1L. Borrower's Cory. Borrower shall be furnished a conformed cop~• of the Note and of this Mortgage at the time
` of execution or after recordation hereof.
17..Trsmfer of the Property: Asssmption. If all or any part of the Property or an intettat therein is sold or transferred
by Borrower without Lenders prior written consent. excluding (al the creation of a lien or encumbrance wbotdinate to
this Mortgage. (b) the crcatron 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 faint 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 w•rived such option to accelerate if, prior to the sale or transfer. Lender
and the person to whom the Property is to be said or transferred reach agreement in writing that the credit of each person
is satisfactory to Lender and that the interc.t payable on the sums secured by this Mortgage shall be at strch rate as Lender
shall request. Tf Lender has waived the option to accelerate provided in this paragraph 17, and if Borrowers successor in
interest has executed a written suumption agreement accepted in writing by Lender, Lender shall release Borrower tram all
s obligations under this Mortgage and the Nae.
If Lender exercises such option to accelerate, Lender shall mail Borrower notice of accekntion in accordanc-c w•irh
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 dxlued due. If Borrower fails to pay strch sums prior to the expiration of such period,
i Lender may, without further notice or demand on Borrower. invoke any remedies permitted by paragraph 1 g hereof.
~ Non-Urrrroanr Covetvarrrs. Borrower and Lender further covenant and agree as follows:
li. Ateekrstiost; Rewrcdfa. Except w prorMed i• paragraph 17 hereof. upon >sorrrwers Meacll of say co.enwt K
agreement of 1lorruwer V tris Mortgage. lweludirrg ere ewesarNs to ray when iue sue starts secsrci y this MoriRrRe. Leader
prior b seeelerstw~ star wail wotke to Ilorro.rer ss rrorfded V paragraph 11 rereof sreelfyts~: (1) the rrsach: (2) ere setiow
regsirsd H cure seer rrescr; (3) s daft, sot less desrr 30 days trots the de tee ratite r sssBeri fo •orrower. by whkr sate
rreacr mwt 11e farad; seed (I) test tsihrrs to curs wet frreselr o0 or before tee date sreeiied r the t.otke trtsy resit b
aceekratiou of ere stns seewed ry His MoelSage. Ioreeiosues h' jsdkW Noeeedisg sari sale of tee trorerty. Tire wotlr:t
sraN fsrHer btorm >dorr+swer of tee riRN fe rebuts suer aceekratiow awd the tiger b assert is dre torselowrs /rocee~
tee ttorexMettce of a ddssit or a•y otter ddewsc of lorrower to aceekratfos swd forcelowre. R He rrcaclt i rat scarred ew
or before the dNC geefiad i• He wotlce. Leader N t.esder's ortiorr rosy dechre r of tee caws seeursd r!' tW Mae~rlpe a re
iwrsedistely dse arrtl ls7~ wifrout farther demand and sear foreclose this Mortpge r7' juiieW rroeeedisg. Lender srsM
be eutltici to eoliktt V wer'roceedisg r ex'esses of forcclosrrrc. hxhrdhrg. rat use Bmt1sJ M. rsrossMe stl~xeer'a fees.
and costs of doc•'~restsry sridewes, sbstrseb seed tick arorb.
l!. Dorrrrwa's Ripe b Reinstate. NatwithstandinE Lenders acceleration of the sums secut+ed by thr_ Mortgage,
~ Borrower shall have the right to have any proceedmgs begun by Lender to enforce this Mortgage discontinued at any time
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