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Lender's written agreement or applicable taw. Borrower shall pay the amount of all mortgage insurance ptemiutr~ to the
manner provided under paragraph 2 hereof. ~ j ~ ~
Any amounts disbursed by Lender pursuant to thu paragraph with interest 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 requesting payment thereof, and shall bear interest fmm the
date of disbursement at the rate payable from time to time' on attstanding principal under the Note unless pa~mtxtt 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 law. Nothing contained in This paragraph 7 shall require Lender to incur any expense or take
anY action hereunder,
s. layectiow. 1_ender 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 Lender's
interest in the Property.
9. Condewtatioa. 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 Borrowe=r and Leader
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 d
taking bars 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 i_ender to Borrower that the condemnor offers to mate
an award or settle a claim for damages. Bormwer 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 sender's option, either to restoration or repair of tlse
Property or to the sums secured by this Mortftafte.
Unless Linder and Borrower Othtrwlse 8$ree in wrltln~. any Such appliciiion Of proceeds to principal Shall tK3t tattet3d
or postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of
such installments.
10. Ilorr+or?er Not Rekaacd. Extension of the time for payment or modification of amortization of the sums secured
by this Mortgage granted by Tender to any successor in interest of Borrower shall not operate to release, in any manner,
the liability of the original Borrower and Borrower i successors in interest. Lender shall not be required to comrrtertce
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 BorroxYr and Borrowers successors in interest.
ll. I+orbearawce ry Leader Not a Wdver, Any farhearance 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.
The procurement of insurance or the payment of taxes or other (lens or charges by Lender shall not be a waiver of Lender's
right to accelerate the maturity of the indebtedness secured 6y this Mortgage.
12. Rettaedks Cawalatht. All remedies provided in this Mortgage are 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 successively.
tt;' Q!~'!'~_"°': '°d A>wi!..' Sowwd: Joint autld Several t.iabiflity: Caplloas. The covenanb and agraarents herein
contained shall bind, and the rights hereunder shall inure to. the respective successors and assigns of Lender apd Borrower.
subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be joirtj and several.
The captions' and headings of the paragraphs of this Mortgage arc for convenience only and are not to hie used to
interpret or define the provisions hereof.
14. Notke. Except for any notice required 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 certifkd mail addressed to Borrower at
the Property Address or at such dhcr address as Borrower may designate by notice to Tinder as provided herein, and
(b) any notice to Lender shall tie given by certified mail, rctum receipt requested. to Lenders addras stated herein or to
such other address as Lender may designate by notice to Borrower as 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. Uaitorm Mortgage: Govcrniag Law: SeverabQity. This form of mortgage combing uniform covenants for natiat:!
use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform sxurity instrument covering
trot property. 'iltis Mortgage shall be governed by the law of the jurisdiction in which the Property is located. Tn the
event that any provision or clause of this Mortgage or the Note conflicts with applicable law, such conflict shalt not affect
other provisions of this Mortgage or the Nate which can be given eBect without the conflicting provision, and to this
end the provisions of the Mortgage and the Note arc Declared to be severable.
1~. Borrower's Copy. Borrower shall be furnished a conformed cop)• of the Note and of this Mortgage at the time
of execution or after recordation hereof.
17..Trader of ere Property; Assumption. if all or any part of the Property or an interest therein is sold or transferred
by Borrower without Lender's prior written consent. excluding (a) the station of a lien or encumbrance wbordinate to
this Mortgage, (b) the creation of a purchase money security interat for househdd appliances, (c) a transfer by devise,
decent or by operation of law upon the death of a joint tenant or (d) the grant of any kasehotd interest of three years or less
not containing an option to purchase, Lender may, at Lenders option, declare a!! 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 ti. be co1J or transferred reach agreement in wttiting that the credit of such person
is satisfactory to Lender and that the inter~•et payable on the sums secured by this Mortgage shall be at such rate as Lender
shall requgt. it Lender has waived the option to accelerate provided in this paragraph 17. and i! Borrower's successor in
interat has executed a written assumption agreement accepted in writing by Lender, Lender shall release Borrower from all
obltjations under this Mortgage and the Nae.
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 a mailed within
which Borrower may pay the sums declared due. If Borrower tails to pay such sums prior to the ettpiiration of such period.
Lander may, without further notitx or demand on Borrower, invoke any remedies permitted by paragraph IR hereof.
Norv-Urrrt~otrnt Covt=_rretwrs. Borrower and Lender further covenant and apse as fdlattn:
li. AecekAtiots; Rewelka. Except as provNtd rr pantgrapr 17 rered. trpert Bonaaes'a recast d atq eere~aat ar
ap~eentetN d BotTOwer d this Mortgage. L the co?ewaats to pr wrea doe gay ttataa atetarel b kris MotriRags. Leaser
prior to aeeeleratloa arafi tttrail tnotlce to Borrower s provided la prtrgraplr 14 bercd specilfitrg: p) the iaeaclr: (2) ere action
regrrircd to ear~e aaer iaraelr; (j) a late, ttwt less trap 30 days iron ere sate ere tsetiee r asalkl M Ncrawer. iy wrkr saxr
rreat:r bast re errra~ antl (q trot idlare to ctrre otter rrracr a or retore ere date apacYcd V ere notice way result r
aeeekratlots d tf~e tta~a scared by trig Mortgage. torecioarre b jsdlcial proeset~ anti ale d ere property. 'tlte trotfes
star tttutrer idoras Borrower d ere riRM to reitsdMe after aeerleratbw gad ere tiger b assert i• ere toreeioswt psetee~ttg
ere nett-e:MtaaY d a lefault w am okra leletbe of torrower to acc~deratba ate totreelomre. N the 6reacr Y oat coral en
or before ere date apaeiial i• ere rsotice. Lettider at Leader's optbw gay leelar~e sit d ere ~ steatrel by trls Mestggpe to be
ir..rlltrtely doe praMe .•itrorrt ttrrtrer demawa and gray torsetooe this Mert~a~e b i~+r M~~tt• Lender draN
be etttltleti to eoYeet b ester prraceedia~ a/ e:pewsa of foesclosare. rsctalittg. trek oat IlttaMed la. reaaaaarle otl~~rwev's fees.
atsl aNa d iwer-aeatary erideace, abatrsces and tkk rcprb.
1!. Borrowp's Rlgrt tfr Reinstate. Notwithstandinlt Lender's acoekration of the starts soured by this Mortgage,
Borrower shall have the right to have any proceedings hegun by Lender to enforce this Mortgage discontinued at any time
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