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Lender's written agteetnent or applicabb law. Borrower shall pay the amount d all mortgage insurance ptaniuars in the
manner provided under paragraph 2 hexed. '
Ariy atnvunts 3isburseJ by lender pursuant to this paragraph 7, with interest thereon. shall become additional
indebtedneu of Borrower secured by this Mortgage. Unless Borrower and Lender, agtp tq other teens of paytneM, suds
amounts shall be payable upon notice from Lender to Borrower requesting payment't~tcrebt,'sind shall bear interest from the
date of disbursement at the rate payable from time to time on outstanding principal under the Note unless payaregt d ~
interest at such rate would be contrary to applicable law, in which event such amounts shall bear interest at the highest rate
permissible under aPVlicabk law. Nothing contained in thie paragraph 7 sh+ll rtquite Lt'tttler t4 ittctu arty :x~tzw s:r
any action hereunder.
s. lws'eefbw. Lender may make or cause to be made reasonable emries upon and inspections d the Property. provided
that Lender shall give Borrower notice prior to any such inspection specifying rcasonabk cause therefor related b Larder's
interest in the Property.
9. Cotaiiesaaatba, 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 cottdemnstion, arc hereby asaigtred
and shall be paid to Lender.
In the event of a total taking of the Property. the proceeds shall bt 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 sums secured 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 d
taking bears to the fair market value of the Property immediatety prior to the date of taking, with the balance d the ptooceeds
paid to Borrower.
If the Property is abandoned by Borrower, or if. after notice by Lender to Borrower that the condemnor ol[ers b maioe
an award or settle a claim for damages. Borrower fails to respond to Lender within 30 days after ~ihe date such notice b
mailed, Lender is authorized to collect and apply the proceeds, at Lender's option, either to restoration 6r repair d 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 extard
or postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount d
such installments.
' 10. borrower Not Reksseal. Extension. of the time for paymrnt or modifkation d amortization of the stags secut+ed
by this Mortgage granted by Lender to any successor in interest of Borrower shall not operate to release, in any tnanrrer,
the liability of the original Borrower and Borrowers successors 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 the sums
secured by this Mortgage by reason of any demand made by the original Borrower and Borrower's successors in imercst.
11. Forbearawce h' Lewder Not a Waiver. Any fort+earance by Lender in exercising any right or remedy heretarder, or
otherwise afforded by applicable law, shall not be a waiver of or precltde the exercise of any such right or remedy.
The procttrcment of insurance or the payment of taxes or other liens or charges by Lender shall not be a waiver of Larder's
right to accelerate the maturity of the indehtedness secured by this Mortgage.
l2. Rerwedies CtaarahMse, 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 conctrrrently, independently or :tacoessively.
13. Sweeeasors grad AaaiRws boaaad:.lout awes Several i.h6itiy; Captisws, The covenants and agreements herein
contained shall bind, and the rights hereunder shall inure to, the respective wccessors and assigns d Lender apd Borrower.
subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be joir~ and several.
The captions and headings of the paragraphs of this Mortgage arc for convrnience only and are not to be teed to
interpret or deAne the provisions hereof.
14. Notice. Except for any notice required under applicable law to be given in another manger, (a) any ratite to
Borrower provided for in this Mortgage shall be given by mailing such notice by certiAed mail addressed to Borrower at
the Property Address or at such abet address as Borrower may designate by notice to i.ender ss provided herein, and
(b) any notice to Lender shall he given by certified mail. return receipt regtxsted. to Lender's address slated 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 herds.
iS. Udtors MortgsRe; GovcrairaR Law; Severaboity. This form of mortgage combines tniform covenants for national
use and non-uniform covenants with limited variations by jurisdiction to constitute a tuuform security in~runrent eoverirrg
i 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 clattse of this 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 cortAicting prbvisiotr. and to this
end the provisions of the Mortgage and the Note arc declared to be severable.
lf. botmowers Cody. Borrower shall be furnished a conformed copy of the Note and of this Mortgsge at the time
d execution or after recordation hereof.
17..Tnasfer of ere Troperty; Asaaaptiow. If all or any part of the Property or sn interest therein is soW or transferred
by Borrower without Lender's prior written consent. excltding (a) the creation of a lien ar encumbrance subordinate to
this Mortgage. (b) the crcatron of a purchase money security interest for hotuehold appliances, (c) a transfer M? devise,
If 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, dcelarc all the sums secured by this Mortgage to be
immediately due and payable. Lender shall have waived such option to accderate if. prior to the sale or transfer. Lender
and the person to whom the Property is to be colt or transferred reach agrcertrent in writing that the credit of such person
is satisfactory to Lender and that the interc~t payable on the sums secured by this Mortgage shall 6e at such rate as Lender
shall request. if Lender has waived the option to accelerate provided in this paragraph 17. and if Borrowers succsssor in
interest has executed a written aswmption agreement accepted in writing by Lender. Lender shall release Borrower from alt
obljgations under this Mortgage and the Nae. _
If Lender exercises such option to sccekrale. Lender shall mail Borrower notice d sccekration 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 expiation of wch period,
Lsnder may, withotrt further notice or demand on Borrower. invoke any remedies permitted by paragraph 18 hexed.
Not+-Untt=ortt.t Covetretvrs. Borrower and Lender further covenant and agree ss follows:
li. Acceksatlo~ Rewaedkt. Except as rruvlracd i• Mragrapr 17 recces, ttpow besrawn'a isewelr at ~ cwewawt K
agrcemeat of borrower V tr4 MoNgage. iwelrrdbrg ere eovewaats to /wl' wrew Owe a>q swats aswreti b tri Marlgage. iwwder
pS1or h acceleratiow stab asaY wotlce to borrower as provMea r panrgnpr 14 rereo[ stecltyls~ (1) Ire breast: (21 ere setNw
regaieal b erne srser rreaelq (3) a dsge, veer less Irata says trorw ere date ere varies r sWsd M bwssrrwer. by wrier ttlaeb
rtreaelr mwst re etrrsal: awi (4) Irat ts>ilaar~e to cwre veer rracla ow or retaee ere ante apeerei V flee sotke way ravels ire
sr:cekratlow a< ere was sccwscal by stir Mortgage. toseclowrr by jwakW Noeeeiwg avert ale d ere hopertf. '11re varies
star ttartrer iwfoawr borrower d ere right to reinstate after aeceteratlow awi ere rlgM N assert i• ere teseeloswne pnseaeitrg ,
~e wow-e:Ytaee eta 4etawk or awy otter /efense of borrower to aecekrMMw awi twrttbwse. K ere rreaer is lest cwsaJ aw
or bdore ere iNe geeiie> i• ere wake. I.eraaer at Leaders optiow tws7 4eeine si d ere sta¦s secwssd by t~Ys Mastgalpe fo be
imweiktefy awe awi payarie witront twrtrer demand awd way tereclose stir Msxtgags h' jwikW psecerdlwR. Lender daM
be es>liged to casket V wd'rocesring s• sspeasa of foreclowec. rrelwdirtg. rwt s>tf Basihd M. seaaowarle sttxrter's fees.
awi eos4 d feces.-~ewhrp eriaewee. abstescb awd title reports.
1f. bossowa's Rfgit to Reinstate. NotwithctandinE Lenders acceleration d the sums secured by the Mortgage,
Borrower shall have the right to have any proceedings begun by lender to enforce this Mortgage discontinued at any time