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Lender's written agreement or applicable law. Borrower shall pay the amount of all mortgage insurancx prtxniums rn the
manner provided under paragraph 2 hereof. •
Any amounts disbursed by [.ender pursuant to this paragraph 7, with iNerest 11t~ntan, 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 requesting payment thereof, and shall bear interest from the
date of disbursement at the rate payable from time to time on artatanding principal under the Note unless past of
interest at such rate would be contrary to applicable law, in which event such amounts shall bear interest at the highest rate
permissible under applicable I:w. Nothing contained in this paragraph 7 shall require Lender to incur any expense ar take
any action hereunder.
S. IwtFecliow. i.ender may make or cause to be made reasonable entries upon and inspoctiora of the Property. provided
that [_ender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to I.atder"s
interest in the Property.
9. Cowdetwnatbw. The proceeds of any award or claim for damages, direct or consequential, in•contttection with any
condemnation or other taking of the Properly, 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 Leader +
otherwise agree in writing. there shall be applied to the sums secttr+ed by this Mortgage such proportion of the protxeds
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. .
1f the Property is abandoned by Bor:ewer, or if. after notice by lender to Borrower thu the condemnor offers to make
an award or settle a claim for damages. Borrower faire 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 the
Property or to the sums secured by this Mortgage. 1
Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall rat extend -
or postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the: amount of
suct-i +nsiaiiments.
10. >3orrawet Not Released. Extension of the time for payment or modification of amortization of the sums secured
by this Mortgage granted by Leader to any successor in interest of Borrower shall not operate to rcksse, in any manner,
the liability of the original Borrower and Borrower c successors in interest. Lender shall not be required to commence
proceedings against such successor or refuse 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 Borrower's successors in interest.
• ]i. Forbearrrwce by Leader NM a Waircr, Any forbearance by Lender in exercising any right or remedy hereunder, or
otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy.
't'he 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.
IZ. Remedies Ctsmuhtire. Ali 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 sucoessivety.
l3. Sweeessors and AssiRws hound; .Joiwt dad $ereral i.iabiNty; Captions. 'Ilse covenants and agreements herein -
contairted shall bind, and the rights hereunder shall incug to. the respective sucxessors and assigns of Lender apd Borrower.
subject to the provisions of paragraph 17 hereof. Alt covenants and agreements of Borrower shall be joiry and several.
The captions' and headings of the paragraphs of this Mortgage arc for convenience only and arc not to 1k uxd to
interpret or define the provisans hereof. '
11. Notke. Except for any notice regtrircd under applicable law to be given in another manner, (a) any notice to
Borrower provided for in this Mortga¢e shall be given by mailing such notice by certilkd mail addressed to Borrower at
the Property Address or at such other address as Borrower may designate by notice to i.ender as provided herein, and
(b) any notice to Lender shall he given by certified mail, return receipt requested, to [.ender's address stated herein or to
such other address as Lender may designate by notice to Borrower as provided herein. Any ratite provided for in this -
Mortgage shall be deemed to have born given to Borrower or Lender when given in the manner designated herein.
- 1S. Uaiforas Mortgage; GoveraieR 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 bt governed by the law of the jurisdiction in which the Property is located. 1n the
event that any provision or clause of this Mortgage or the Note conflicts with applicable law, such conflict shsll not affect
other provisions of this Mortgage or the Note which can bt given effect without the conflicting provision. and to this
end the provisioru of the Mortgage and the Note are ckclared to be severable.
I6. Ilbrrower's Cody. Borrower shall be furnished a conformed cop)- of the Note and of this Mortgsge at the time
of execution or after recordation hereof.
17..Trwwsfer of tee Property; Aswmption. if all or any part of the Property or an interest therein is sold or transferred
by Borrower without Lender's prior written Lonsent. excluding (al the creation of a lien Or encumbrance subordinate to
this Mortgage. (b) the crcatron of a purchase money security interest for household appliAntxs, (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 there years or less
not containing an option to purchase, Lender may, at Lender's option, declare all the sums stxured by this Mortgage to 6e
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 so1J or transferred reach agreement 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 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 writttn assumption agreement accepted in writing by Lender. Lender shall release Borrower from all
obiiBations under this Mortgage and the Note.
If 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 fails to pay arch stems prior to the expiation of wch period.
Lender may, without further notice or demand on Borrower. invoke any remedies permitted by paragraph 18 hereof.
NoN-UNIFORM Cover+at~rTS. Borrower and Lender further covenant and agree as follows:
13. Arcekratiort; Rewtttiiea. B:cept ss rrorided i• paragraph 17 hereof. apses )sorrawes'a besaer et testy eo~ewt w
apeewsewt of llionower b eels Mortgage. lnehrdiag the corewaats to py wirer. dtre awy suns sa:wretl ti tli Mortgage. Lewiee
prior to seeaie*atloa sraM wrail wotke to liorrowtr as prorNcd iw pragraplr 14 rareo[ s*eeMylttg~ (i) t1e r.wer; (21 the setMw
re~wfiei ra ewre wee Meser: lS) a dale, raw lest than 3t nays trotw ere thte ere wetice r ..fled N vrnwer. b wrier swcr
teener swot re eased; ant (1) that hriitra to care each teener o¦ K before rte hale speelfiei Y fire wotlce nay result i•
aca+ekraeioa of ere awwr aertnei b7' title Mort=aRe. toreciowre b jadkhl ~roceetWr~ awl sa4 of ere 1rro'erty. Tee notice
sW fwrtber btoras >sorrower at ere rIRM to relastMe sfter accekrMiow awn ere rigYt b assert M rite torsclaswte ptwceeitB .
ere wow•e:ietaaee at a detawlt or awe otter de%rrse of lorrower to aceekrMiow awl fortcloowne. N the breaer Y wM c~wrei a
or betere ere dMe q~eiiei fw ere wotke. Lewder at Lewder': opiow wray declare a8 at ere swats st:eweti y tW Matgalpe fs be
iwttwedfNely r+re art/ pyaMe wkrwrl farlrer demand aaA dray toreckoe tr4 Mort`age ry }ikW ~rwcaealwR. Lender rraM
6e estNki N coaect i• swcb'e+oeee~RB ai a:penses of foreclowre. fweiwih8. tart tree vital la. rewwwYe snxrrer's fees. •
awl eoslr of ioer-~ eriiewee. abstracts nest title repro.
If. iorro~wa's Rlpt to Reirrtatt. Tlotwithstanding Lenders accckrstion of the sums secured by thr_ Mortgaje,
Borrower shall have the right to have any proceedings begun by Lender to enforce this Mortgage discontinued at any time
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