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Lender's written agreement a applicable law, Borrower shall pay the amount o[ all mortgage insurance ptetnittaa in the
marrrrer prcwided under paragraph 2 hereof.
Any amounts disbursed by Lender pursuant to this paragraph 7, Witli'in~etrssf' thereon, shall become additional
indebtedness of Borrower stcurcd by this Mortgage. Unless Borrower and I.cnder agree 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
due of disbursprrerrt at the rate payable from tirtre to time on outstanding principal under the Note unless pajrtnart of
interest u such rate would bt eoMnry to applicable law, in which event such amounh shall bear interest at the highest rate
perrwiss~ie under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expane or take
awy stxioa hereunder.
>R Iws~ectiiw. l.errder may make or cause to be made reasonable entries upon and inspectiotrs of the Property. provided
that Leader shaA hive Borrower rrotiee prior to any such inspection specifying reasonable cause therefor related to Lender's
interest in the Property.
Canie~~ "fire proceeds of any award or claim for damages, direct or consequential, in connection with any
corrdtmnuion a other taking of the Property, or part thereof, or for ecrnveyance in lieu of condemnation, are hereby assigned
and shall 6e paid to Leader.
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 Larder
othenrise agree in writing. there shall be applied to the sums scarred by this Mortgage such proportion of the pr~oceeda
as is equal to that proportion which the amount of the sums secr~red 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 tln proceeds
paid to borrower.
tf the Property is abandoned by Borrower. or if. after notice by Lender to Borrower that the condemnor oRt:rs to make
an awrard or settle a claim for damages. Borrower tails to respond to 1_ender within 30 days after "the date such notice is
rwaikd. Lender is authorired to collect and apply the proceeds. at Lender's option, either -to restoration or repair of the
hoperty or to the sums secured by this Mortltalte.
Udess Leader and Borrower dherwice agree in writinie. any such application of proceeds to principal shall not erttend
" or postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of
such irWallrrrents.
lt. liarrrwer 1Wt Reieasei. Extrnsion of the time fvr payment or m~difration of mnortiution of the sums secured
by this Mortgage granted by Lender to any successor in interest of Borrower shag not operate to reksse, in any manner,
the liabrlu"
y of the original Borrower and Bcrrosver
c successors in interest. Lender shall not bt required to commence
proceedings agaimt such wccessor or rcfcrse to estrnd 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 BorrowePs successors in intereq.
I1. Firresrrrwce ~ Lewder 1Vet a Waiver. Any fnnc~ararrcc by Lender in exercising any right or remedy hereunder, or
otherwise aRordod by applicable law_ shall not be a waiver of or preclude the exercise of any such right or remedy.
The pronrrernent of insurance ar the payment of taxes or other liens or charges by Lender shall not bt a waiver of Larder's
right to aceekrue the maturity of the indebtedness secured by this Mortgage.
1Z Iteaeies Crrwwistl~t. Al! 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 bt exercised concurrently, independently or successively.
13. Swec~aswrs nail AssiRas bvaw~ Jeiwt awl Scverd i.iabr7ity: Captiaas. The covenants and agreements herein "
eontaiaed shall bind. and the rights hereunder shall inure to_ the respective successors and assigns of Lender grid Borrower.
subject to the prov'csionc of paragraph 17 hereof. All covenants and agreements of Borrower shall bt jolty and several.
The captions gird hesdings of the paragraphs of this Mortgage arc for convenience only and are not to Ile used to
interpret a define the provrsiorrs htrecrf.
14. N~tlee. Except for any notice required under applicable law to be given in another manner, (a) any notice to
Borrower provided for in this Moritta[e shall be givrn by mailing such notice by certified mail addressed to Borrower at
the Property Address or at such aher address as Borrower may designate by notice to i~nrkr as provided herein, and
(b) any notice to Lender shall he given by certiCred mail_ return receipt requested. to Lender's addr+ps st:red herein or to
such other address as Lender may decimate by notice to Borrower u 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. Uwifenw MostgaRe; Gos+eraiwg Law: Scerarihty. This form of mortgagt combines uniform covenants for national
use and non-uniform covrnants with limited variations by jurisdaction to constitute a uniform security instrument covering
real property. This Mortgage shall be governed by the law of the jurisdiction in which the Propertyu located. In the
event that any provision a clause of this Mortgage or the Note rnnflicts with applicable law, such conflict shall not affect
other provisions of this Mortgage or fire Nc?te which can be given eBect without the conflicting provision, and to this "
end the provissoos of the Mortgage and the !Vote are Declared to be sevenbk.
tf~ liwerrwers CeW. Borrower shall be furnished a conformed roP}• of the Note and of this Mortgage at the tithe
of atecrKion a after recordation hereof.
17..Ttrasrtfer et ire haperty; A~wwrpiow. If alt err any part of the Property or an interest therein is sold or transferred
by borrower without Lender's prior written eonsent_ excluding (a? the creation of :lien or arcumbrance subordinate to
this )ttartgage. (b) the creation of a purchase money security interest for household appliances, (c) a transfer by devise,
descent or try operation of law upon the death of a joint tenant or (dl 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 scans secured by this Mortgage to be
imrnediatefy due and payable. Lender shalt have waived such option to socelerate if, prior to the sale or transfer, Lender
and the person to whom the Property is tr. be cold a transferred reach agreettrent in writing that the credit of cash person
is sstisfsctory to Lender and that the inten-et payable on the sums secured by this Mortgage shall be at such rate as Leader
shall request. If Leader has waived the option to accelerate provided in this paragraph 17, and if Borrower's wccessor in
wrlerest bas ateerrsed a written assumption agreerrrent scccptod in writing by Lender, Lender shall release Borrower tram all
obi~tiows under this Mortgage sod the Note.
If Lender exercises such option to stcekrate. Lender shall mail Borrower notice of acceleration in accordance with
passWaph 14 hereof. Srrclr notice shall provide s period c?f riot less than 30 days from.the date the notice is mailed within
whirr Borrower may pay the sums destared due. If Borrower fails to pay such sums prior to the expiration of such period,
Lewder essay, without further notice or demand on Borrower. invoke any remedies permitted by paragraph 18 hereof.
Na+-Uwtfotrx Covt:xaxrs. Borroaer and Lender further covenant and agree as folbws:
IL AcedaadsaC lateateist Eue*t s prsvYcd iw MnigaM 17 iciest, tr*oa lsatsawa's rtreacr at tttgr cNewtrwt K
wae~t st >yrrtrwas r tits Mas~rtge, iweltrii tie cwesswls le ta7' wren awe awp sass seear~ei b tits M~tgla~e. i.endetr "
IRS M sit carat aNke N IMsttrwer as provYed Ica gwraga/r 14 racer speeltYta~ (1) Atr itewcr: (2) tie aetMw
sas~irei r etts~e sttrsr iaack t31 a istc, w.l ks tfatsw 3t days frarw tie ~ tie tns8ee fs ttssie/ M 1lssrrwer, y wtrki swcr
iteacr twwrit re etw~ awl fist taBwse N care strcr breser a K refwe tie ~ r tie wetke Wray t~awlt Ica
aeederatissr wt re sums seewrei b its Msttpie. hrecisswre b l~~ N+'ese~ trrrtl sale wt trs he*etly. 71e wstice
srsi taster iwiarm Bassasver st Ire ritrt M reiwstalc aher acceleratiow awn f4 rtgrt N ttrrett t. tic fsrleiMOre pt+aeteitg
tit as~e><ireace wt a ridai car atq slier ietetase at lerresrer N acceierallaa awl tarscloswR. r Ire rteaer i. ant eartetl a
~ rtttise tie rfiate spaeiied r! Ire tusaeti, Levier st [.ewier's aptiaw ttstry icclre si dr tie tttsws stcarei b tits Martgttge M re
issmeisdey ise aai ~aMe wilroat frrtrer dewawd awtt b7 rrecl..e ails MastBage b jwikW rneesiR. Leader argil
k ar/ei M cafiset V srici psae~teriiag ai espewses of fotscloswte. fwclw~. rtM cast ¦railad ~ rswawMe swwrrey': tea.
tssi ewsls at rfisea7eatsry eviiesee. aftslraclr awl line reMtb. "
1! isrwwes's Rrglrt N Rdasbte. Ncrtwithstsndintt Lenders atockrnion of the scans secured by this- Mortgage,
8otrasver shag Gave the right to have any proceedings beltun by Lender to enforce this Mortgage discontinued at any time
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