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Lender's written agreement or applicable law. Borrower shall pay the am~wnt of all mortgage insurantx premiums iw tlta
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 Mortgage. Unless Borrower and Londe! ~grae to ~tber ternes of payment. such -
amounts shall be payable upon notice from Lender to Borrower requesting payment thereof, and shall bear interest from the
date of disbursement at the rate payable from time to time ore outstanding principal under the Note unless pa`ytnatt 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 any expetese or take
any action hereunder.
s. Iwspeetiow. Lender may make or cause to he made rcasoreabk entries upon and inspections of the Property. provided '
that Lender shall give Borrower notice prior to any such inspection specifying reasonable carne therefor related to Leesder'a
interest in the Property.
9. Corderwwatiow. 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. are hereby assigned
and shall be paid to Lender.
In the event of a to1a1 taking of the Property. the proxeeds shall he: applied to the sums secured by this Mortgage,
with the excess, if an id to Borrower. In the event of a 1
y. Pa partial taking of the Property, unless Borrower and Fender
otherwise agree in writing. there shall be applied to the sums secured by this Mongagt such proportion of the proceeeb
as is equal to that proportion which the amount of the sums secured by this Mortga~te 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 Bor:ower. or if. after notice by 1-ender to Borrower that the tondemtar oltets to tnalte
an award or xttle a claim for dama¢e~, 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 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.
lt. >sorrower Not Reketsed. 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 release, in any manner,
the liability of the original Borrower and Borrower c successors in interest. Lender, shall not be r+equircd to commence
proceedings against such successor or refux to extend time- for payment or otherwix -modify amortization of the sums
xcured by this Mortgage by reason of arty demand made by the original Borrower and Borrower's successors in interest.
11. Forbeevawce by Lender Not a Weaver. Any forhearance.by Lender in exercising any right or remedy 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 Lender shall not be a waiver of Lender's
right to accelerate the maturity of the indebtedness secured by this Mortgage.
12. Remedies Camuh>ftie. 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 he exercixd concurrently, independently or successively.
13. Swcceasors awd AssiRws Eonnd; Joist awd Severd Liability; Captbes. The rnvenants and agreements herein
contained shall bind, and the rights hereunder shall inure to. the respective successors and assigns of Lender spd 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 lie used to
interpret or define the provisions hermf.
14. Notice. Except for any notice required under applicable law to be given in another manner, (a) any notice to
Borrower provided for in this Mortga¢e shall be given by mailing such notice by certified mail addressed to Borrower at
the Property Address or at such other address as Borrower mav_ designate by notice to Tender ss provided herein, and
(b) any notice to Lender shall he given by certifeed 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. Uwiform Mortgage; Gorrraing Law; Severabilily. 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 lotted. In the
event that any provision or clause of chic Mortgage or the Note conflicts with applicable law, such conflict shaTf not alfed ,
~ 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 he severable. _
16. Borrower'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. ,Tnmder of are 1roperty: Assumption. 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 (al the creation of a lien or encumbrance wboeclinate to
this Mortgage. (b) the creation of a purchase move}• security interest for houxhold 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
root containing an option to purchase. Lender may, at Lender's option, declare all the sums xcured 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 solJ 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 auumption 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,
Lender may, without further notice or demand on Borrower, invoke any remedies permitted by paragraph 18 hereof.
Note-Utvifoaat CovENANTS. Borrower and Lender further covenant and ague as follows:
1>s. Accekradow; Reeedks. Except en provlded iw pwragretpr 17 hereof. rrpw •orrewer's breast of rr corertartt oar - ;
agreetstest of >sorrower b ark Mortgage. iwelwding are corcwawts to py whew dwe aaty scows atctrrti bf aria Mortgage. Leader .
prior to eteeNermttoa strar wsaY sotlee to dorrowtr as prorWed Iw pratraple 14 tercet gtelfylwge (1) tree brtewer;l2) are st:tbw
rgwirea to cure suer M+eselr (3) a awe leas craw 3e days irorw are date are .otke r .rwYe, N Mnrwer. y wrki ester
breast raaNt be etsrs~ erd (1) star fealwre to cure saKr rrtaer oa or hereto are date geeiiei b are wotiee aaep rsswlt i•
aKederMbw of are wttaa eteetsrrtt by trig. Mortgage. forecloawre by judicial p~ocsediwg asi tale et are Mpertr. Tre works ,
sra~q trtrtrer iwtonw'orrower of are rtRN to relesstate after seeekrstbw cued are right to arar<rt iw are torecioprre protsaitg
are aww-a:Wewce of a detawN or asy otter aetewse of Borrower to wccekratbw awd torecioswre. Bare 6reacr iia amt etrrd o0
or beforr are daAe apciiei V are wotice. Lewder wt i.ewder's optiow weary dcelaae V of tre waaa aeewrsd ry aria Mortgage rr tk
iwraaediately dire aatd pyaMe witroal twrirer demand and ntay torrcloae trfa Morlgats by jwdicW praeeedlaR. Lewder traM
be eatlfied to toifieef M strt:r poceediwg V expea~ses of foreclosure. rxhr~. bas awe ~ M. reaaowaMe eNtwrter'a tea.
std coats of dot:es~eatary eriaewee, abatrads cad tkk reprls.
1!. iorrower'a Rilgrt to Reiwatats. 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 dixontinued at any time
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