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Lender's written agreement or applicable law. Borrower shall pay the amount of all mortgage insurance premiums to the
manner provided under paragraph 2 hereof.
Any amounts disbtirxd by Lender pursuant to this paragraph 7, with interest thereon, shall become additional
indebtedness of Borrower secured by this Mortgage. Unless Borrower tlnd Iseirdar. same to other terms 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 payahk from time to time on aitstanding principal under the Note unless pajrtrrart of
interest at such rate would be contrary to applicable taw, 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 expeme or fate
any action hereunder.
ft. Iwspectioe. i.ender may make or cause to be made rcasonabk entries upon and inspections of the Property. provided
that lender shall give Borrower notice prior to any Stich inspection specifying rcasonabk cause therefor related to L~etrder's
interest in the Property.
9. Cosdewwatbe. 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 cola! 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 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 same secured by this Mortgage immediately prior to the date of
taking bears to the f:ir market value of the Property immediately prior Io the date of taking, with the balance of the proceeds
paid to Borrower.
If the Property is abandoned by Bor:ewer. or if. after notice by lender to Borrower that the condemtwr oRea to matte
an award or settle a claim for damages, &?rrower fails to rexpond to [.ender 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 ratontion or repair of iTse
Property or to the sums secured_hy 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 instaNments referred to in paragraphs I and 2 hereof or change the amount of
such installments.
16. Eorrower Not Released. Extension of the time for payment or modification of amortization of the sums secut+ed
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 i successors in interest. Lender shall not be required to comrrrenoe
proceedings agairuC such successor or reface 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 Borrowers successor in interest.
11, Forbearawce rI' lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy heteemder, or
otherwise affords! by applicable law. shall not be a waiver of or preclrtde the exercise of any such right or t+etnedy.
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.
1T. Rewtedies Cemolatire. 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. Soccesson sad A>eign l3ouwd; Joint sad Several i.iabiUfy; Captiods. The covenants and agreements herein
contained shall bind, and the ri his hereunder shall inur to. the res g '
R C pectrve successors and asst ns of Leouei ~w
subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower- shat) be joirll and several.
'I?ie captions ~ and headings of the paragraphs of this Mortgage arc for 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 piovided for in this Mortgage shall be given by mailing such notice by certifkd mail addressed to Borrower at
the Property Address or at such dher address as Borrower may designate by notice to i.ender at 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 ~nntice to Borrower as provided herein. Any notice provided for in this
Mortgage shall be deemed to have been given to Borrower or Linder when given in the manner designated herein.
1S. Uwitorwt MortgaRt; Governing Law; Severability. This form of mortgage combing uniform covenants for national
use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering
real properly. This Mortgage shall be governed by the law of the jurisdiction in which the Proptrty is located. in the
event that any provision or clause of Chic Mortgage ar 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 conflicting provision, and to this •
end the provisions of the Mortgage and the Note arc declared to be severable.
lt, lorrower't Copy. Borrower shall be furnished a conformed cope of the Note and of this Mortgage at the time
of execution or after recordation hereof.
17, .Ttoetter of the Property; Assompt'roe. 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 creation of a lien or encumbrance subordinate 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 Lender's option, declare all the sums secured by this Mortgage to be
immediately due and payable. Lender shall have waived Stich option to accelerate if, prior to the sale or transfer, Lender
and the person to whom the Property is tip be colt or transferred retch agreement in writing that the credit of such person
is satisfactory to Lsnder 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 Borrower's successor in
interest has executed a written attumption agreement accepted in writing by Lender, Lender shall release Borrower from all
obligstions under this Mortgage and the Note.
if Lender exercises such option to accelerate, Lender shall mail Borrower notice of acceleration in accordance with
psragraph 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 deelared due. If Borrower fails to pay uich sums prior to the expiration of such period,
[.ender may, without further notice or demand on Borrower. invoke any remedies permitted by paragraph 18 hereof.
Note-Ur+tFOtet?r Coverret+,TS. Borrower and Lender further covenant and agree as follows:
li. Acederadow; Rewedla. E:cep as provided i• pragrapr 17 fres+aoft. epee ilorrowerh Meech of ay corettawt or
trgreeorewt of lson+nwer b this Mortis. Mchtditrg ire corewartls to py wreo dee soy carers treesird ti tell Merlgage. Lewder
prix to aecekratlotr sea/ wail ttotlce to lfonvwer as provNkd iw pragrapb 14 rereee tpedtyl.~: (1) ire rteaett: (2) ire st:tiow
rgoirred b cone nee Mewcr; (3) a daft, wet lets craw 30 days trove ire late ire wotiee fo earBcd b ifkrrower. b wrlcir seer
rrwcr w.st re cerrZ~ acrd (4) teal tagere to core later M+aer ow or refore ire dais apeeMed V ire wotke way ra.N iw
aecekratieo of Nwe tt.ws txcrtred br iris Mortgage. foreclosotr ti jodkW procsednwg wti sale of tee Property. 71te wotke
sraY frrfrer iwtorw iorrower of ire riRM b refwstNe after accekrMbw atni ire rlgrt b avert b ire toretlowre psoceeig
ire wow•etdsttttoce d a deftirtlt or awy tNrer defcws: of Borrower to accekratkw awd torsclowrr. N ire M+rxr is cot cwr+c! a
or bdore ire dale gecYed b ire wotice. Lender at t.etrder's optiow wrap dtrclorr ai et ire rate st!eersd r7' Iris Mort=,sge t• re
iwwredistely doe ttttd pyaMe witraN tortrer dtnrond and tray toreclae dds Morlgags Try jwdkW proteedhR. Lender sraB
re eoWled b coYeet V race proceednwg a• e:pewses wf foreclosrtre. iwcrtdiwg. hot cot Bwrfted b, reatistarMe nlt.xeeYa fees.
atsd Bosh of doe.:eeewtary evidewee. abstract awd tick report.
19. Borrowa's Rfgrt to Reiwstate. Notwithstanding Lenders acceleration of the sums securM by the Mortgage,
Borrower that) have the right to have any proceedings begun by Lender to enforce this Mortgage discontinued at any time
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