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Lender's written agreement a applicabb law. Borrower shall pay the amount or all mortgage iasutanca premiums in the
meaner provided under paragraph 2 hereof.
Any amounts disbursed by Lender pursuant to the paragraph 7, with iater+est thereon, shall become additional
indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment. such
amounts shall be payable upon notice from Lender to Borrower requgstjng paylrter~ thereof, and shall bear interest from the
date of disbursement at the rate payable from time to time on outstanding principal under the Note unless payment or
interest at such rate would be contrary to applicable law, in which event such amounts shall bear interest at the highest ra1,o
permissible ~rnder applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expeme ar fate
any action hereunder.
g. lwspettiow. 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 Larder's
interest in the Property.
9. Cowdeswwatbw. 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 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 Deader
otherwise agr+er in writing, there shall be applied to the sums secured by this Mortgage such proportion of the proceeds
as is egwl 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 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 Borcower that the condemnor ofkrs to males
an award or settle a claim for damages. 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 or tl+e
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 axttard
or postpone the due date of the monthly installments referred to in parsgraphs 1 and 2 hereof or change the amount o[
such installments.
!i. >~wt; lgot Rrlra~. Pxtt`nsi~+rt of the tittx for pa}-mgnt or mt3difkatior: of amcrriixatitxr crt tltt sums sctttt+ed
by this Mortgage granted by .Lender to any successor in interest of Borrower shall not operate to release, in any meaner,
the liability of the original Borrower and Borrower's successors in interest. Lender shall not be s+oquircd to commence
proceedings against such successor or refuse to ectend time for payment or otherwise modify amortization of the setters
secured by this Mortgage by reason of any demand made by the original Borrower and Borrower's successors in inter+at.
11. RoAearawee r7' I.ewietr Nof a waiter. Any forbearance by Lender in exercising any right or remedy hereunder, or
othenrise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy.
T-,t prxsrers:cni at irr:urance or the p;.y~ot :,f t:xz; or other liens or charges by Le~Z: shah not be a isaivar off L~asders
right to accelerate the maturity of the indebtedness ~ecrrrrd by this Mortgage.
12. Rewedies CwwwhM~e. All rerrredia provided in this Mortgage arc distirret and cumulative to any other right or
remedy under this Mortgage or aRorded by taw or equity, and may be exercised concurrently, indepeadartly or successively.
13. Sweeeassrs wwii Assips bawd:.Joiwt awd 3evetsl I.isbilq; Captions. The covenants and agreements herein '
contained shall bind, and the rights hereunder shall inurti to, the.rcspective successors and assigns of Lender sad Borrower.
subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower doll ba joiry and reveal.
The captions' and headings of the paragraphs of this Mortgage arc for convenience only and are not to Ile used to
interpret or define the provisans hereof.
11. Ndke. Except for any notice required under applicable law to be given in another manner, (a) any notice to
Borrower provided for in this Mortgate shall be given by mailing such notice by certified mail addressed to Borrower at
the Property Address or at such dher address as Borrower may designate by ndice to T.entler s: provided herein. and
(b) any notice to Lender shall he given by certified mail, return receipt requested. to Lenders address. stated herein or to
such other address as Lender may designate by notice to Borrower as provided herein. Arty notice provided for in this
Mortgage shall be deemed to have been given to Borrower or Linder when given in the manner dasiprated herehr.
IS. Uwiferm Mortgage: Conrwiwg Lahr. $evers6ility. This form of mortgage combines uniform covenants for mtiowal - -
use and non-uniform covenants with limited variations by jurisdiction to constitute a unifomt security iraRrument oovaing
~ real property. This Mortgage droll be governed by the law of the jurisdiction in which the Property is located. In the
event that any provision or clause of this Mortgage or the Note rnnAicts with applicable taw. such conflict shall not affect
other provisions of this Mortgage or the Note which can be given effect without the oonflictins provision. snd to this
end the provisions of the Mortgage and the Note err declared to be severable.
lf. lorrower's Copy. Borrower shall be furnished a conformed of the Note and or this Mortgsge at the time
of execution or after recordation hereof.
17..Trawster or Mee >rro'erty; Aswrwpliow. if all or any part of the Property or an interest therein a sold or trarrsftrred
by Borrower without Lender's prior written consent. excluding (a) the creation of a lien or encumbrance subordimte to
this Mortgage, (b) the creation of a purchase money security interest for household appliarroes, (c) s transfer by devise.
descent or by operation of law upon the death of a joint tenant or (d) the gent of any leasehold irrterdt of three yarn or less
not containing an option to purchsse, Lender may, at Lender
s option, declare all the stpns secured 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 cold or transferred reach agrrenrent 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 :uclr rata ac 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 assumption agreement accepted in writing by Lender. Lander shall release Borrower from sll
oblyations 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 m:y pay the sums declared due. If Borrower fails to pay such sums prior to the expiration of wch period.
[.ender may, without further notice or demand on Borrower, invoke any remedies permitted by paragraph tg hereof.
Note-1JtvlFOrtM COVENANTS. Borrower and Lender further covenant and agree u folkwst
lfi. Aeedastie~ Resedke. E:cent sw p+ovNed i• pangrapir 17 leered. tt*e. •errrtwere rre.er d any cwwtrt K
agrecwsewR d 1Mrsower d ties Mortgage. bdwdrrg Mee coewewts to'wy wrew dwe am swase seewrsd b rtes IMergpige. I.ssies
prior 1o aeceierariow sdraB ssur{1.otlce to •orrewer ae'rovf4d M pragra/r 14 terse[ specityiagz (1) Are sewer; (2) ire actiew
rgwirei !s etrr+e wet Mrack (3) • dwlq wd leas traw 30 Gays tees. ire daft Mee weMce fi wssiad b ¦ersrvrer. iy vrrirlr ssser
newer moot re cwsd; a¦i N) that fwilwre to care wet trraer ow o< retore trc date apsclfei V ire .aiee tray tercet V
wecelkratiew o[ ire wtw eecwred b Mris Mortgage, rr~er+e.wrr y jdieW ~reeseditrg tt¦tl saie ar ire Tr~esly. '!rare wNiet
~ s1aY fwrtier inform fiorrswer o[ ire sigh to reiasta/t after wcceleratiow awe ire rIgIN M tttwert iw ire tereeleswre prreeeig
Are wow-exbtasce ot. detawk or awy otter aefewse of sorrower ro aceeleratiew a>wa roreebwre. r Mee Meaclr r fret eaed aw
or retort Mee date epeeMkd i• tee wotlee. Lewder at I.ewders optiew rosy deelane r a ire sttarte ssc.retl b Mtis Martwpe fr, re
- i.t.edl.tely dwe awe payable ..arrest trotter demand awd wary rorrelae rtes Marttage ?y jwikW prresediaR. Lender tlrall
- re eMiACd t. eoBeet iw ewer pnceediwg ar expcwses rat foreclowrc. rKlwdiag. rwt nN ~itei M. rewwallr s~ttxeeYs fee.
awe eosls ar ieer:~weatary eriaewee. ardrwcts wwd title reMrb.
i!, •onrrwes's ~ t• Rtiwstate. Ndwithstandintt Lenders st:oekration of the sums securM by thrr Mortgage,
Borrower shall have the right to have any proceedings hegun by Lender to enforct this Mortgsge discontinued at any time