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Lender's writtrn agreeertertt a appita~{~ Ho~soitrir~~[t~ gay the amount a[ aU mottaage insuraooa praaiums [a the
maetnar provided under paragntph•2 i 7 JtjU
Any :mounts disbursed by [.ender pursuant to this parsgraph 7. with interest thereon. shag become additional ~
indebtedness of BorTOVrer secured by this Mortgage. Unless Borrower and Lender agree t0 other terms of payment. such
amounts shall be payable upon notice from Lender to Borrower roquesting payment therROf. and shall bear interest from the
date of disburaemertt. at the rate payable from Ctme to tirrta on outstanding ~ incipal • under the Noce unless pajntaet of
interest at sas=h rate would be contrary to applicable law, in which event such amounts shall bear interest at the highest rare '
petmiut-bk under appticchlc law. Nothing contained in this paragraph 7 shall regain Lender to irwyrr any axpeasa a take '
any action hereunder. - : -
g. lasrtclian. Lender may make or cause to be made reasonable enttiae upon and inspections of the Property. provided
that Lender shall give Borrower notice prim t~^ any such inspection specifying ressonatle cause therefor [dated b Lender's ~
interest in the Property. ~
f. Cam. The proceeds of any award or claim for damages, direct or consequential, in cortrtection ~ say
condemnation or Qtlter taking of the Property, or part thereof, oa for conveyance in lieu of ~ ~ hereby
and shall be paid to Lender. ~ ~ ° - ~ • .
le 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 -
otherwise agree in writing. there snail be applied to the wms secured by this -Mortgage such proportion of the ptooeeas
ss is equal to that proportion which the amount of the sums secured by-this Mortgage immediately prior to the date of t
taking bean to the fair market value of the Property immediately prior to the date of taking, with the balance of the pt+ooeeds
Paid to Aorrosrer.
if the Property is abandoned by Boraower. or if. after notice by Lender to Borrower that the oondemeeor offers b mal_ to
an sward or settle a claim -for damages. Borrower faih to respond to Lender within 30 days after •the data such nottoe is
mailed Lender is authorized to collect and apply the proceeds, at Lender's option. either to restoration err trepair of ffis
Property or to the wms secured by this Mortgage. ~ .
Uales< Lauder and Borrower otherwise agree in writing. any such application of proceeds to principal shill not etclad ~ -
er postpone the due date -of the monthly installments referred to in paragraphs 1 and 2 hereof or• change the amount of 1
such installments. -
li. Besroxer Not Relastd. Extension of the time for payment or rnodiflcation of amortization of the suers secured
by th:s Mortgage granted by Lender to any successor in interest of Borrower shall not operate to rdease. in any manner.
the liability of the original Borrower and Bc+rrower
s successors in intarast. Lender shaft not be required to commence
proceedings against such stccessor oa refuse to extend time for paymenC a otherwise modi[y amortaation sf the arms
secured by this Mortgage by reason of any demand made by the original Bormv?Yr -and Borrower's successors in interest.
-ll. Forrearawce Y~'iR~ier Not a Wsiver. Any forbeannoe by Lender in exercising any right or remedy ltert~errtder, or
olheni?ise afforded by applicable law: shall not be a waiver of or prechde the exarase of any such right or remedy.
The procurement of insurance or the payment of taxes or other leers or charges by Lender shall not be a waiver of I.eodePs- l
right to accelerate the maturity of the indebtedness secured by this Mortgage.
l2. Remeiies (~rwrlalivt. All remedies provided in this Mortgage are distinct and cumulative to any other right a
remedy under this Mortgage or aRordcd by law or equity. and may be exercised cartptrrattly. independently or urooessively. ,
13. S~ecessers awl AssiRss Isorrn>:.Joint errs[ Several f.iabiify; CarlMtta. The covenants aril agreeatertts herein >
oontained.shafl bind. and the rights hereunder shall inurg to. the.r+espectiva successors and assigns of reader sad Borrower.
wbjed to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shalt be jard and several.
The gptiotes' and headings of the paragraphs of this Mortgage arc for convenience onl)r and ate not to be used to
interpret or define the provesioets hereof. .
14. Netire. IElaarcept for any notice required under appliabk law to 6e given in another mangier. (a) any notice to
Borrower provided far in this Mortgage shall be given by mailing such notice by certified ma? addressed :o Borrrover at
the Property Address or at such dlt~r address as Borrower- may designate by notice to [.ender st provided herein. and
(b) any notice to Lender sha0 he given by certified mail. rctum receipt requested to L.ender's address. stated herds or to
- such other address as Lender may. designate by notice to Borrower as provided Herein. Airy notice provided for in this
Mortgage droll be ~deerrtod tb have boon given to Borrower or Lender when given in the manner designated herds.
iS. Uaitorw MorgpRc: Coveastisgt i.aw; Severabitity. This form of mortgage combing uniform eavertants for national
use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instruntertt covering
real property. This. Mortgage shall . be ~toverned by the law of the jurisdiction in which the Property is located. In the
event that any provision or clause of this Mortgage nr the Note eonAicts with applicable law, such conflict shall not affied
other provisions of this Mortgage or the N~xe which can be given eBect without the conflicting peovisiat. and to this
gird the provisions of the Mortgage and the Nate are declared to be severable. _ ~
if. Isorr~awer's Cory. Borrower shall be furnished a conformed Dopy of the Note and of flits Mortgage at the. liaise $
of execution or after recordation hereof.
17..15rawter or tee lterer/~: Aswwptioo. if all or any part of the Property or an interest therein is sold or transferred i
- - by Borrower without Lender's prior written consent. excluding (a) tM creation of a lien or atcumbnnoe subordinate to
the Mortgage, fb) the crcatan of a Purchase money security interest for household applianaa. (c) a transfer l+y devise. _
descent or by operation of law upon the death of a joint tenant or (d) the grant of any leasehold ireereu of three years or less
- not containing an option to purchase. Lender may. at Lender's option. dectarc all the sums secured by this Mortgage to be
immediately due and payable. Larder shall have waived such option to accelerate if. prior to the sale or transfer. Lender #
andthe person to whom the Property is to be-cold or transferred reach agreement in writing that the credit of such person j
is satisfsctorjr to Lender arw that the inlcrcct payable on the wms secured by this Mortgage shad bi: at such me as Lender -
slall request. if Lender hw waived the option to aceekrate provided in this paragraph 17. and if Borrower's successor- in
interest trss axecutod a written aawnption ags+cement accepted in writing by Lender. Lender shall release Borrower_ tram sll
obi~atiats under tl:.is Mortgage aril the Notes. -
- if herder exercises such option to aceelerate. Lender shall mail Barrowar notice of sccekration in aocordarrcti. with
paragraph i4 hereof. Such notice shall provide a period of not less than 30 days from the date the notice is mu'led within
which Borrovrer may pay the sums declared due. if Borrower fails to pay arch wms prior to the expintan of such period. -
l.erdar nay. without further notice or demand on Borrower. invoke any remedies permitted by paragraph 181teroRf.
~ Not~t-Uwrt~orent Co~vervaxrs. Borro*?er and Lender further covenaru and sgroe as foBo+rs:
ig. AecderatM~ Retwelia. ~ as rroviiei ~ 17 reresr. aeon lerrewers ittaaer at asy cevwant-sr - ~
a~seweet err liearewer M this Mortgage, laelsiag t1e es+esattb is ray when tie ~y was sectoei sty Ili Msrtgage. Is~ier
rtriar a accdaatiss? slap wNl .olive M Ilorrrwer as re+srMed w praQarh tt ra+eat s*eeryiags (1) tee ttnacla m tee actMw
re~airea w ease suer rseaert (3) a dale. rest less sites 3i ~sys row tee isle tee rteeit:e r tttsAei a lferl+s!wer. b wYrr we!
rret+tlt eerrt tie ewrsk swi to flat hilwe M etere web breaer a er rdere 3Me date srea^liei b tee •olive wen rwM V .
atx~elrratlaw e[ 1be wtr seew~ei y this Meelgagq reseeloerre r!' }dkW rrr+teeeBteg sari sale ai tee Trererly. 71re wNke
she! tarAer iarerw •orre+rer err Yte r1gM N reitrtale after sresleradow and Ire riglM /o asted iw tee reneiewrt reoeeatlttg ;
tee sett~istatee err a ddai er a>1y fires iererae et liorre+rer t. taalsre
a~3 ~ tee writs std ~ Ws YMartpae !a k i
K retere ire late geeliei i¦ ire ttstlv+e. I,eaiier at t_e+tier~s ertiaw wsy
1wws~ialeiy ire anti rayaMe wflratt frtrtrrr taewaad arc/ way rreel..e Ab 1?rartfa~t b i~ lr+~t• te+de. dell
re aitlNetl N c+siset in wee rrreaeiirrg r a4e~ or ferecMwre. irtertisg. bttt Nt lrwllsi Mr nw~s stlnroear's ha.
a¦t1 assts at iae~r7' edieeee, sett Htle rererts.
if. •arrrwa's IR~rt 1s AeiostsK. Notvvithsundintt Lender's aeodtrstion of the sums secured b3C thn M,rtpge.
Bortatrer shsll have the right to have any proceedings heEun by Lender to enforce this Mortgage discontinued at guy time
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