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Lender's written agreement or applicable law. Borrower shall pay the amount o[ all mortgage insurance premiums to the
manner provided under paragraph 2 heroof.
Any amounts disbursed by I.cndcr pursuant to thu paragraph 7, with interest thereon, shall become additional
indebtedness of Borrower secured by this Mongage. Unless Borrower+ aad'`ltgd~er'sgree to other terms of payment. such
amounts shall be payable upon malice from tender to Borrower requesting payment t?tereof, and shall bear interest from the
date of disbursement at the rate payabk from time to time on attstanding principal under the Note unless pa`ymettt 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.
ft, ltasipectiort; I_endtr may make ar cause to be made reasonable entries upon and inspections of the Property. provided
that i.ender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to I.atder's
interest in the Properly,
9. Cewdetwwatbn, The proceeds of any award or claim for damages, direct or consequential, in rnnnection 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 Properly, 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 under
otherwise agree in writing. there shall be applied to the lams secured by this Mortgage such proportion of the proceeds
as is equal to that proportion which the amount of the same 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 Lender to Borrower that the condemnor offers to make
an award or settle a claim for damages, Harrower fail. 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.
Unless lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend
or postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of
such installments. -
lA. Borrowir Not Released. Extension of the time for payment or modification of amortization of the sums secured
by this Mortgage granted by Lender fo any successor in interest of Borrower shall not operate to rckax, in any manner,
the liability of the original Borrower and Borrowcr'c successors in interest. lender shalt not be required to cotnrrtertce
proceedings against such successor or refua to ectend 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.
11. Forbearance by if.endtr Not a Waiver. Any forhearance by Lender in exercising any right or remedy hereunder, or
othervvix afforded by applicable law, shall not be a waiver of or preclude the exercix of any such right or remedy.
The procurement of insurance or the payment of tales 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.
12. Rettaedies Camtrlatlr?e. All 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 successively.
' 13. Strecasors aed Assigws Boand: Joint snd Several I.iabaily; Captiows. The covenants and agreetntnts herein
contained shall bind, and the rights hereunder shall inure to. the respective successors and assigns of Lender attd Borrower,
subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be joiryf and several.
The captions' and headings of the paragraphs of this Mortgage arc for convenience only and are not to Lie used to
interpret or define the provisions hereof.
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 certifled 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 be given by certified mail. return receipt regttestod. to i.endePs address 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 ar Lender when given in the manner designated herein.
1S. Uniform MoriRrtge; CorerainR Law; Severability. This form of mortgage combines uniform covenants for national
use and rton-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering
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 or the Note conflicts with applicable law, such conflict shall not affect
other provisions of this Mortgage or the Note which can be given effect without the conflicting provision, and to this
end the provisions of the Mortgage and the Note are ikclared to be severable.
16. Eorrowers Copy. ~ Borrower shall be furnished a conformed cop}- of the Note and of this Mortgage at the time
of execution or after recordation hereof.
t7..Trsader of tre Property: Assamptiow. if a!! or any part of the Property or an interest therein is sold or transferred
by Borrower without Lender s prior writtrn consent. excluding (al 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 define,
descent or by operation of taw 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 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 the credit at such person
is satisfactory to Linder and that the interc~et payabk on the sums secured by this Mortgage shall be at such rate ac Lender
shall roquest. 1f Lender has waived the option to accelerate provided in this paragraph 17, and if Borrowers successor in
interest has executed a written assumption agreement accepted in writing by Lender. Lender shall release Borrower tram all
obljjations under this Mortgage and the Nae.
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 n mailed within
which Borrower may pay the sums declared due. If Borrower fails to pay such arms prior to the expiration of such period,
Lender may, without further notice or demand on Borrower, invoke any remedies permitted by paragraph Ifl hereof.
NoN-UNIFOast Covetvet~rrs. Borrower and Lender further covenant and agree as follows:
lf. AcedeaRb¦; RenredfKS. B:ce*t s provited ie praRrapb 1'f titertot• apo¦ tiortrwers 6reaei of arty eoresurrt rr
a~rttnsewl of Eorrower b Ibis Morfgaee. lincitrdit~ ire corewatNs to pr wire. lee awr strata trccnrtti b dri. Morgp>se. tt.asier
ptriotr b wcceieration siai wW ttwtict to tiorrewir as'rorliei Iw pragra'It 11 rtrtot greeltylrg: (1) the M+eecr: (2) the actien
r+egtdrei b crrt wcr tiwrtwelr; (3) a tts/e, toot fora tram 30 days twrw ire iatt ire notke tis tttunYei to tiersewer. hr wfoklt soeb
rmadt ratrt re cruel; a¦i (4) ttai taBnre to stye sMCr rtrtaeit ow or rdors ate date gteifld V ire wodec tray rtsrtk
accderatlen of ire srttr secured by dtia MotrttaRe. toteciosnre b ~eetalrrg ttwi sale et ire >rtorerry. 'IUe ttwtkt
slurp firdter itttort• Sorr~ower of dye right b reittrtste after accelcrMbn furl ire rlgrt b ttasett M ire tortciotnne
ire ttwrs:Wewce d a default or a¦y otter detewst of ttiorrowir to secekrafiow t>ni toreciowre. N ire 6reacr is ttwt cw~eii ere
or befest ire isle apeYti is drt ttwlict. Lewder at l.ewier's option nay iecbtre t1M of tote stns seenrsi l?y tltie MertytttRe /e k
itwtrseiia/ely lore anti pywrle witronf tortrer demand awd may tortclae dtr MetrtRagt y jitrifel.l preeeedinR. Lender •rap
be ettitWaf to eolitet tw stet /rocttdlrrg ad espetafes of foreclosnrt. Inehrdiwg. bet wol tlirrtitd M. nasowarle t?tt.xeer's fees,
wni eer4 of tioct:.~entary eridewte. abstrscb tsrri title ttptb.
1!. /onowa'a RtBltt to ReiwNate. NotwithstandinE Lendtr
s acceleration of the sums secarM by thu Mortgase,
Borrower shall have the right to have any proceedings begun by Lender to enforce this Mortgage discontinued at any time
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