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Lender's written agreement or applicable law. Borrower shall pay the amount of all mortgage insurance prcmiumt to the
manner provided under paragraph 2 hereof.
Any amounts disbursed by !.ender pursuant to this paragraph 7, with ytortw, tltar,ee~, shall become additional
indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agtle~~ta~T _o"t" _h_e_ r terms of payment. such
amounts shall be payable upon notice Pram Lender to Borrower requesting payment thereof, and shall bear interest froth the
date of disbursement at the rate payahM from tithe to time on outstanding principal under the Note unless pa'yntettt of
interat at such rate would be contrary to applicable law, in which event such amounts shall bear interest of the highest rate
permissible under applicable law. Nothing contained in This paragraph 7 shall require Lender to incur any expetae or take
any action hercuttdcr.
tl, dWrectiow. Lender may make ar cause Io be made reasonable entries upon and inspections of the Property. provided
that Lender shall give Borrower ndice prior to any arch inspection specifying reasonable cause therefor related to I.atdes"s
interest in the Property,
9, Cotcdetwwatiow, The proceeds of any award or claim for damages, direct or oonsequeatial, in connection with any
condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation, arc hereby sssigtted
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 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 sums secured by this Mortgage immediately prior to the date of
taking bears to the fair markN value of the Property ;mmediately prior to the date of taking, with the balance of the proceeds
paid to Borrower.
If the Property is abandoned by Bar:ower, or if. after native by i.endtr to Borrower that the condemnor oRen to make
an award ar settle a claim far damages, Harrower tails to respond to Lender within 30 days alter •ihe date such notice is
mailed, Lender is authorized to collect and apply the proceeds. at i.enders option, either to restoration or repair of the
Property or to the sums secured by this Mortgage.
Unless tender and Borrower otherwise ague in writing, 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 o[
such installments.
10. Borrower Not Released. Extension of the time for payment or modification of amortization of the sums secut+ed
by this Mo.7gage granted by Lender to any successa? in interest of Borrower shall na operate to rcksse, in any manner,
the liability of the original Borrower and Borrower's successors in interest. Lender shall- not be required to commence
proceedings against such successor or rchise 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 successors in interest.
11. Farbearaace by Lender Not a Wirer. Any farhearance by Ixnder in exercising any right or remedy heretmder, or
otherwise afforded by applicable law, shall hat be a waiver of or preclude the exercise of any such right or remedy.
The procurement of insurance or the payment of taxes ar other liens or charges by Lender shaft not be a waiver o[ Lenders
right to accelerate the maturity of the indebtedness secured by this Mortgage.
12. RearKdies Crrtatrhftie. All remedies provided in this Mortgage arc distinct and cumulative to any other right or
remedy under this Mortgage or afforded by law ar equity, and may be exercised concurrently, independently or successively.
' 13. Successors awd AssiRas round; .rotor and SeverN liability; Captions. The covenants and agrcetnents herein
contained shaft bind, and the rights hereunder shall inttr~ to, the respective successors and assigns of Lender sttd Borrower.
subject to the provisions of paragraph 17 hereof. All 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 ate not to tk used to
interpret or define the provisions hereof.
11. Notiite, Except for any notice required under applicable law to be given in another manner, (a) any notice to
Borrower provided for in this Martga¢e shall be given by mailing such notice by certified mail addressed to Borrower at
the Property Address or at such other address as Borrower may designate by notice to Lender as provided herein, and
(b) any notice to Lender shall he given by certified mail, return receipt rcgtrested, to Lender's address stated herein or to
such other address as Linder may designate by Halite to Borrower as provided herein. Any notice provided for in this
Mortgage shall be deemed to have been given to Borrower ar Lender when given in the manner designated herein.
1S. Uniform Mortgage: t;overoiag Law; SeverabAity. 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 coveting
real property. 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 ar the Note conflicts with applicable law, such conflict shall not affect
other provisions of this Mortgage or the Nate which can be given effect without the conflicting provision. and to this
end the provisions of the Mortgage and the Note are declared to be sevtrabk.
16. lsort+nwet•'s Copy. Borrower shall be furnished a conformed cop)• of the Note and of this Mortgage at the tithe
of execution or after recordation hereof.
17..Trttttder of the PropeAy; As+sdmptioa. if all ar any part of the Property or an interest therein is sold or transferred
by Borrower without Lender's prior writrcn 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 interat of three years or less
not containing an option to purchase, Lender may, at Lender's option, declare alt the sums secured by this Mortgage to be
immediately due and payable. Lender shall have n•aived such option to accelerate if. prior to the sale or transfer. Lender
and the person to whom the Property is to be call ar transferred reach agreement in writing that the credit at such person
is satisfsctory 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 opion to accelerate provided in this paragraph f 7, and if Borrower's successor in
interat has executed a written assumption agreement accepted in writing by Lender, Lender shall release Borrower from all
obljjations under this Mortgage and the Note.
if Lender exercises such option to accelerate, Lender shall mail Borrower notice of acceleration in accordance N•ith
polygraph 14 hereof. Stich notice shall provide a period of not Tess 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 arms prior to the expiation of such period,
Lender may, without further notice or demand on Borrower, invoke any remedies permitted by paragraph 1R hereof.
NoH-Urrrt=ottrrt f:.ovetverrrs. Borrower and Lender further covenant and agree a follors:
10. Aceduatiow; Reacedks. Except as provided b pantgrylt 17 iaeof. ttpou >forrewer'a Meaei of awy coresant tx
apce¦tatt of Borro~ret V fhb Mortgage. lacludittg the corenats to pay whew due day suss ttecured try this Mortgage. Larder
'riot is aeceferatlow char twill wotlce to llbnower as prorided fa patagrapi 14 tercel speetfytag: p) the iteaci: (2) the aetlow
rgritd ire cat suet ireaeb; (3) a dale. rat las Bart 30 days /r+ottr tie tfate tie tatke b oared N litrrower. by wiklr suet
ireaci ,.test <K etrtx and fiat hilure b slut suet Meech a tx before the date speeYN V the rrwtice twat' result b
aecderalfow at tie r~s aecaed by rib Mortgage. tereciosure cry jtrdkW protetifag rttri sale M tie >trnpttty. Tire nofiee
star Qttrt4r irforrw sorrorer of the rlgtw to reittsate after aeeekratbu dad tYte right b assert a the forselortune proeasfrsg
tie aow~exis/taree of • tlelrttrlt or any otter aefaese of sorrpwer to acceleration awd torttloare. N the ireaett b act eurtd a
or belotn lie tfWe gacMsr L tie notice. Lender s/ Lender's optiow treat' drxhrt rte of lie sutws rteeur~ ~ rib MeripRt N M
hwtwediately tine awl payable witlwut farther demand and stay forcclae tlds Morignge it' judkW pnceeitR. Lender shop
M tafMled to corset tw suet proceednag ar a:peaces of ftueclosure. iweht/ittg. tut dot i~ifed M. reareaabie tNt•rrwetrs fees.
dad tssrAs of tiocwaeatary eridewec. abstractr atcd Iilk report.
I!. ion+ora's Rltht to Relrtate. Notwithstanding Lenders acceleration of the sums secur+cd by this Mortgage,
Borrower shall have the right to have any proceedings begun hr Lender to enforce this Mortgage discontinued at any time ;
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