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Lender's written agreement or applicable taw. Borrower shalt pay the amount o[ all mortgage insurance prtrniums rn the
manner providcd under paragraph 2 hereof.
Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shall become additional
indebtedness of Borrower secured by this Mortgage. Unless Borrower and lender a~roe ~o, oSitej terms of payment. such
amounts shall be payabk upon notice tram Lender to Borrower requesting payment tbe~C4f, sad lir>ilt bear interest from the
date of disbursement at the rata payabk from time to time on artstanding principal under the Note unless pa~rment of
interest at such rate would be contrary to applicable law, in which event such amounts shall bear interest at the highest rate
perrnissibk under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur say expewe or take
any action hereunder.
s. lwsrectiow. lender may make or cause to he 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 I.ertder'a !
interest in the Property.
9. Cowlemwatbw, The proceeds of any award or claim for damages, direct or consequential, in conrtoction 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 tender.
In the event of a total taking of the Property, the proceeds shall he 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 Leader
otherwise agree in writing. there shall be applied to the sums securcdrby this Mortgage such proportion of the proceed: '
as is equal 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 1_ender to Borrower that the condtcnnor offers to mate
an awanl 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 of tlbe
Property or to the sums secured by this MortRalce.
Unless lender and Borrower otherwise agree in writin~e, any such application of proceeds to principal shall trot extend
or postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of
3L'£1: lnSt'dllrrtL*.ltS.
1!, l~rrower Net Rele~rd. i;xtension of the time far payment or modification of amortization of the sums secured
by this Mortgage granted by Lender to any cucceswr in interest of Borcower shall not operate to reksse, in any manner,
the liability of the original Borrower and Borrower's successors in interest. Lender shall not be required to commertoe
proceedings against such successor or reface to extend time for payment or otherwise modify amortization of the sums
secured by this Mortgage by reason ofrny demand made by the original Borrower and Borrowers successors in interest.
11. Forbearawce by leader Not a waiver. Any fort+earance by lender in exercising any right or remedy hereunder, or
otherwise afforded by applicable law, shall not he a waiver of or preclude the exercise of any such right or rtrnedy.
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 indehtedness secured by this Mortgage.
12. Rewredks Cewruhthre. All remedies provided in this Mortgage are distinct and cumulative to any other right or j
remedy under this Mortgage or aRorded by law or equity, and may be exercised concurrently, independently or successively. '
13. Srceessors sad A Board:.loiwt sad Sereral i.iabANy; Captloras. The covenants and agreements herein .
contained shall bind, and the rights hereunder shall inure to. the respective successors and assigns of Lender sad Borrower,
subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be joirtj and severest.
The captions' and headings of the paragraphs of this Mortgage are for convenience only and ats not to Ile 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 certified mail addressed to Borrower at•
the Properly Address or at such other address as Borrower may designate by notice to Lender as provided herein. and
(b) any notice to Lender steal! he given by certified mail. return receipt requeued. to Lender's address. stated herein or to '
such other address as Lender may designate by notice to Borrower as provided herein. Any notice providcd for in this -
Mortgage shall be deemed to have been given to Borrower or Lender when given in the manner designated herein.
15. Uaiforwr Mortgage: GoveraiwR law: Severabflity. 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 properly. This Mortgage shall 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 conflicts with applicable taw, such conflict shall not affect
other provisions of this Mortgage or the Note which can be given effect without the conflicting provision, and to-thia
end the provisions of the Mortgage and the Note arc declared to be severable.
lf. lioee+ower's Cory. Borrower shall be furnished a conformed rnp~• of the Note and of this Mortgage at the time
of execution or after recordation hereof. -
i7. ,Trawler of ere hoperty: Assamptiorr. If all or any part of the Property or an interest therein is sold or transferred
by Borrower without Lenders prior written consent. excluding (al the creatan of a lien or encumbrance wbordinate to
this Mortgage. (b) the crcatton of a purchase money security interest for household appliances, (e) a transfer by devise,
descent or by operation of law upon the death of a joini 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 if, prior to the sale or transfer, Lender
and the person to whom the Property is to be cold or transferred reach agreement in writing that tlx credit of such person
is satisfactory to Lender and that the interact payabk on the sums secured by this Mortgage shall be at arch rate ac Lender
shall request. if Under has waived the option to accelerate provided in this paragraph 17, and if Borrower's successor in
interat has executed a written assumption agreement accepted in writing by Lender. Lender shall release Borrower from alt
oblijrttions under this Mortgage and the Noce.
I[ Lender exercises such option to accelerate, Lender shall mail Borrower notice of accekntion in accordance v?•ith
paragraph t4 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 stems prior to the expiration of such period,
Lender may, without further notice or demand on Borrower. invoke any remedies permitted by paragraph Ift hereof.
Now-UNIFOrtM CoveNar+TS. Borrower and Lender further covenant and agree as follows:
li. Accderatiow; Reeweiles. E:cent as rrovilci i. rraragrarir 17 rerro/. trpa lionewa'a breeeb a< any covesiM K
agreaaart of lierrewer la kris Mortgage. iwcle~ag ere co.ewarrls to pay when ice scar crass ateretii r!' tries Mortgage. l.esder
prior to aaderWow ~ mail wotke to tioerower • rrodaei ire pnrgrapr /4 ra:otl spseKylags (1) ere beteser; (2) ere setlar
rs~aiesi b eree strci btrsacr; (3) s tesle, wet less traw 36 days trerw ere late ere aotie•e r ssai[i to >tarrewer. ~ wrki steer
beeaclr .r -k crre~ aoi (4) teat tallree to crest acct rnacr ow ar rstoee ere late specifisi i• ere wotiee way rrtsak b
acakratlow et ere sate seccrrei by Hfs Mortgage. taea~osarc r7' jrrikW preeeeiierg asl sale e/ ere lrrererty. 71re watict
sea/ ttutrer idotwr ioeeewa of tee eiRrt to retwstate after accekndow scat ere rigrt to aaseet M ere toraeiaaee reoeeeirg
tie wow~si<Mewce d a ietaaM or ay otter iefcwse of >torrower to accekratiow awl tereciosrre. N !re beeaer fs wet creel w
or 6deee ere tale ePeefiei i• ere wotke. Lewder at I.eerier's ortiew way lerlare v at tie areas srcreei ry tries llloetpge w b<
imwreiidely tine awl reyable witroat trrirer denrana awl roar fortrclost trla Moe~age i7' jreiieW ptreeeeliaR. Leader daY
be ewtltlsi a consnt V arcs rerceeliwg V espeasa r?f fo?eclosart. Irrchrliwg, bet fast >itewNoi t+a. etasanbie stt.xrre)r's fees.
awl eaab o/ iaci.~reatarr e•Wewee, abstracts awl title ceteris.
1!. lioeeewa's Rlgrt to ReiaMatt. NotwithstandinE Lenders acoekration of the scans secutt:d by thr_ Mortgage.
Borrower shall have the right to have any proceedings hegun by Lender to enfortx this Mortgage discontinued at any time
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