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Lender i written agr~ament or applicable law. Borrower shall pay the amount o[ all mortgage iwsurance premiutws in tba
manner provided under paragraph 2 hereof.
Any amounts disbursed by Lender pursuant to this paragraph 7, with inferrer thereon, shall become additional
indebtedness of Borrower xcured by this Mortgage. Unless Borrower and Lender agree to other terms of payment. such
_ amounts shall be payable upon ncuice from Lender to Borrower requesting payment thereof, and shall bear interest from the
date of disburxment at the rate payable from time to time on outstanding principal under the Note unless pa}?nrerrt of
interest at such rate would be contrary to applicable law, in which event such amounts shall hear interest at the highest rate
permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expetae or takes
any action hereunder.
>L Iwspectiow. lender may make or cause 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 Ltxtder's
interest in the Property. '
9. Cowdewrwwtbw. The proceeds of any award or claim for damages. direct or rnnsequential, in rnnrrection with any
condemnation or other taking of the Property, or part therrof, or for conveyance in lieu of condemnation, arc hereby astigrred
and shall be paid to Lender.
In the event of a total taking of the Property. the proceeds chat[ tit ~PPgCd ~q 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 Larder
otherwise agree in writing. there shall be applied to the sums xcured by this Mortgage such proportion of the protxeda ~
as is equal to that proportion which the amount of the sums xcured by this Mortgage immediately prior to the data d
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 lender to Borrower that the condemnor oRers to make
an award or xttle a claim for damages. Borrower fail. to respond to i_ender within 30 days after ~ihe date such notice is
mailed. Lender is authorized to collect and apply the proceeds. at larder's option, either to restoration or repair of.' the
Property or to the sums scoured by this Mortgage.
Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not exland
or postpone the due date of the monthly installments referred to in paragraphs 1 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 wms secured
by this Mortgage granted by Lender to any cuccecsor in interest of Borrower shall not operate to release, in any manner, j
the liability of the original Borrower and Borrower's successors in interest. 1_ender shall not be required to commence
proceedings against such successor or rcfux 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 interctt.
11. Rorbearwwce by Lewder Nof a Waiver. Any forbearance 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 retrtady.
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 xcured by this Mortgage.
12. Rerwedies CttwArrhticre. 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 successively.
' 13. Swecessors awd Assigws bouwd: Joist awd Sered i.iability; Captbws. The covenants and agreetrterrts herein
_~_o u_~ __s r_~._ ~__..._a__ _~_n .+r.u.rl:w e.vvYevsrt anal ~Kionc of Tender and BOrrOM/er.
w.~.~u.cu au~u uuw, a.w cues, uFu.a .a.a.u..w. a..a„ ,,,w,` .-.,r...... - a.
subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be joird and several.
The captions and headings of the paragraphs of this Mortgage arc for convenience only and are not to tie used to
interpret or define the provisions herrnf.
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 Mortgage shall be given by mailing such notice by certifkd mail addresxd to Borrower at
the Property Address or at such dher address as Borrower may designate by notice to Tander as provided herein, and
(b) any notice to Lender shall he given by certified mail. return receipt requested. to T.endeis 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. Uwitonw Mortgage: GoveroiwR Law: Sererability. 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. in the
E event that any provision or clause of this Mortgage or the Note conflicts with applicatik law. such conflict shall not affect
other provisions of this Mortgage or the Note which can be given eQect without the conflicting provision, and to this
end the provisions of the Mortgage and the Note arc declared to be severable.
16. >sorrower's Copy. Borrower shall be furnished a conformed copy of the Note and of this Mortgage at the time
of executan or after recordation hereof. ~ i
1 17. ,Trswder of ere Property: Assuwrptiow. if all or any part of the Property or an interest therein is sold or transferred
by Borrower without Lenders prior written consent. excluding (a) the oration of a lien or encumbrance subordinate to
this Mortgage. (b) the crcat~on of a purchase money 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
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 waived such option to accelerate it. prior to the sale or transfer. Lender
and the person to whom the Property is to be co1J or transferred reach agreement in writing that the credit of such person
is satisfactory to Lender and that the inters-ct payable on the sums secured by this Mortgage shall be at such rate ac 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
oblijations under this Mortgage and the Note.
Tf 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 faits to pay such sums prior to the expiation of such period.
Lender may, without further notice or demand on Borrower. invoke any remedies permitted by paragraph 1R hereof.
Nosy-UntFOten1 CovenertTS. Borrower and Lender further covenant and agree ss fellows:
lg. Acedesatlow; Rewrtdies. Escept as'rovided is pragrapr 17 rersot, trpw >sonwwa'a breast d wavy covewawt K
tegreewrewt d lflorrower b tris Mortgage. iwcltadiwg ere corewawts to py wrtw dreg trwy tarrws ttaetastl b trt's Mortgage. F.ewier
a priotr b accderatlow srsli wWl wotice to Borrower a rrorWtd Iw pragraFir 14 rereot gteByiwg: (1) trt Maer: (2) ere aetlow
~d b ettu+e twrcr lrreacr; (3) w date, wet less traw 30 days ttaowr ere dwte trt works tr wnYed N)<wrrower. ~ wrkr saver
s bsrracr mwM be ewred; awi (4) trat taihire to cwre tttrcr btrewcr ow K retoa ere date apeiied V ere. wotke.ttuy tresril b
wetderatlaw d Ire tttarr tttxwred by trb MorfgtrRe. foreaioswre b jwdkW N'oeeedML tttatt fiats d trc Pw'erty. Tire works r
srtrM tnrtrer idonw lorrwwttr d ere right to reiwstNe after accekratbw swd ere right b atwert M tre foreeioswre proeeeig
ere wow-arMarce d w defawlt or awy dyer Bereaves ot'orrower to accelerMbw arri toreeloawre. N ere Mrxtt it fast esartd ew
or before ere date geeNied i• tre wotice. l-ewder at I.ewder's opbw way declwr'e sti of ere atws secwrsd ry frb M~Re b be
dwe craft pyark witilrowt trrtrer demand and Wray toreclote trls Mortgage y)' jardkW ~rwessdfwR. Lender arai
= be ewtitkd to coiled b twist rroceediwg ar a:pewees rat forecloswre. Iwclwdio`. bwt wN bwiitett b. rewwwrle sttureep's tea.
atr crib d iocr:.aewhnr eridewee. abshwcls awd title rtprts.
19. tllorrown's ttltrl tw Rel¦state. 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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