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Lender's written agrcemcnr or applicable law. Borrower shah pay the amount of ail mortgage iusururwe premiums in the
manner provided under paragraph 2 hettof.
Any amounts disMrrsed by lender pursuant to the paragraph 7, with interest thereon. shall become additional
' indebtedness of Borrower secured by this Mortgage. Unless Borrower and tender agree to other terms of payment, such "
amounts shall be payable upon notice from lender to Borrower requesting payment thereof, and shall bear interest froth the
date of disbursement at the rate payahk from time to time on artstanding principal under the Note unless pa~rrttetrt of i
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 itrcur say expense or fate
any action hereunder. €
s. laspectiow. Tender may make or cause to be made reasonable entries upon and inspections of the Property. provided i
that Lender shall give Borrower noire prior to any such inspection specifying reasonable cause therefor related to Lender's
interest in the Property.
9 Coadewaatiow, The proceeds of any award or claim fur damages, ~~i~, 6o_r.c~~onsequential, in connection with any }
condemnation or Mher taking cif the Property. or part thereof. or for conveyaiicC.tfre[I df `tondemnation, are hereby assistted
and shall be paid to Lender.
Tn the event of a total taking of the Property. the proceeds shall be applied to the sums secrrrcd 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 f
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 i
paid to Borrower.
If the Property is abandoned by Borrower, or if. after notice by Lender to Borrower that the condemnor offers to !Hake
an award or settle a claim for damages, Borrower fails to respond to [.ender within 30 days after the date such notice is
nailed, fender is authorized to collect and apply the proceeds, at Tender'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 erctend
or postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or chaste the amount of
such installments.
10. Eorrower Not Released. Extension of the time for payment or modification of amortization of the wms serrated
by this Mortgage granted by Lender to any successor in interest of Borrower shall not operate to release, in any manner,
fire liability of the original Borrower and Btrrower's successors in interest. Lender shall not be required to comrrrerroe
proceedings against such successor or refuse to extend time for payment or otherwise modify amortintion of the sums
secured by this Mortgage by reason of any demand made by fire original Borrower and Borrower's successors in interest.
11. Forbearance Ibr Leader Not a Waiver. 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.
The 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.
12. Rearedks Ct:mulNfre. All remedies provided in this Mortgage are distinct and cumulative to any other risht or
remedy under this Mortgage or afforded by few or equity, and may Ix exercised concurrently, independently or successively.
' 13. S~ecewors sad Asaigas Dosnd: Joist sari Borers! T.iabrBtr; Captions. The covenants and agrettrrents herein
contained shall bind, and the rights hereunder shall intrr~ to. the respective successors and assigns of Lender spd Borrower.
subjoct to the provisions of paragraph 17 hereof. All covenants and agreemrnts •of 13orrowcr shall be jolty and several.
The captions' and headings of the paragraphs of this Mortgage arc for convenience only and arc not to lie uxd to
interpret or define the provisions herrnf.
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 certified mail addressed to Borrower at
the Properly Address or at such other address as Borrower map designate by notice to Tender as provided herein, and
(b) any notice to Lender shall be given by certified mail. return receipt requested. to li.endeYs address statod 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. Uniforw Mortgage; Goreraisg 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 covering
real property. This Mortgage shall be governed by the law of the jurisdiction in which the Property is ia:ated. 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 e8'ect without the conflicting provision, and to this
end the provisions of the Mortgage and the. Note arc declared to be severable.
li. ltbtrower's Copy. Borrower shall be furnished a conformed roP)' of the Note and of this Mortgage ai the time
of execution or after recordation hereof. "
17..Traasfer of the Property: Assunrptiow. 1f all or any part of the Property or an interest therein is sold or transferred
by Borrower without Lender's prior writrrn consent. excluding (al the creation of a lien or encumbrance wbor+dinate to
this Mortgage. (bl 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 interest of three years or less
not containing an option to purchase: Lender may, at Tender
s option, declare all the sums secured by this Mortgage to be
immediately due and payable. Lender shall have w•aivcd such option to accelerate if, prior to the sale or transfer. Lender
and the person to whom the Property is to be colt or transferred reach agreement in writing that the credit of such person
is satisfactory to Lender and that the intcrc~ct 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 Borrowers successor in
interest has executed a written auumption agreement accepted in writing by Lender. Lender shall r~ekase Borrower from all
obljptions 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 wms declared due. If Borrower fails to pay such sums prior to the expiration of such period.
Lender may, without further notice or demand on Borrower. invoke any remodies permitted by paragraph 18 hetmf.
Nor!-IJNIFOnM CoveNarrrs. Borrower and Lender further covenant and agree as foltaas:
Ifi. Accderatiow; Rewelks. 1~ce*t aa'rovMel iw paratraMlt 17 Itereot, ttPow lornwee's breatr o/ say corerrtrnt K
agrceraerrt of tliorrowetr b tris Montage. ineltrdirrg ore eoreaasts to My wirer lee any ,rotas seeared h tit Mongate. Cosier
prior b wt:eslerwtloa slats scot soUce to )forrawsr as'rorNed Iw pratraplt 14 !erect gecltrlstz (1) fhe tMeacl; (21 Itre wetiow
rgsiei >}r? ewe east "rresxr; (3) a dale, sot tics flaw 3o days ironi ere late ere wotke r warier N t.newcr. y wrticr actor .
rraer .r.M k earc~ a.l (4) !rat hriltrre to erne s~rcl cresol o. or betor~e tie date gecliei r tie .once way restrN V
aecdt:rragew d rite sews aecwcd by tills MongaRe. terctlowre b jedicial pnesedisi wed ale of tie Property. 71re wstite
sltsi fencer iwfort,r >torrriwer of lire rltltt a reinstate after accelentiow awes tit ritrt to srert is ere forcelaarrre pnoeee~
lltie,ow-e:irtewee at a lefatlt or awy other detswse of lorrower to a:celeratiow awti toreebwre. it tie 6e+racA ~esrN ew "
or 6dorc tie tale specliei i• tie stoRiee. lewder at l.ewder's opiow war declare r of ere wws ststrrcl ~ tris M lee
iwweiiaMr ds+e awl Nraik wilrotrt tourer dcrosnd and tnsr fercclae tris Morltate ?y }lkW pneeedlt~. lender direst
be eetltlel h eolleet i• wcl rnorsedirtt rrB s:pewses of forectawre. fwclaliwt. r.t sot Bwtitel /o, naaowarle sttxwetr's fees.
awl fasts d 7 evilewec, arstracts seed tkk repsrts.
i!. ltiatrnowa's Rltrt to Reirtate. NotwithstanQ~ng Lsndcr
s acceleration of the sums secured by this Mortgage,
Borrower shall have the right to have any proceedings begun by Lender to enforce the Mortgage discontinued at any tune
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