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• l.cnder's written agreement or applicabb law. Borrower shall pay the amount of all morigage insurance premitrms rn the
manner provided under paragraph 2 hereof.
Any amounts disbursed by Lender pursuant to the paragraph 7, 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 from the
date of disbursement at the rate payable from time to time on outstanding principal unifier Naie unless pa}rttsewt 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 sha1T require Lender to incur any expetrse or fate
any action hereunder.
fi. lwspectiow. Lender may make or cause to be made rcasonabk entries upon and inspections of the Property, provided
that Lender shalt give Borrower notice priorto any such inspection specifying rcasonabk cause thtrefor related to Lender's
interest in the Property.
9. Cowderwwatbw, The proceeds of any award or claim for damages, direct or consequential, in connection with soy
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 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 Larder
otherwise agree in writing, there shall bt applied to the sums secured by this Mortgage such proportion of the prooeedt
as is e4ua1 to that proportion which the amount of the sums secured by this Mortgage immediately prat to the date of
taking bears to tht; 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 condemtar offers to mate
an award or settle a claim for damages, Bcvrower fails to respond to Lender within 30 days after the date such ranee is
mailed, Lender is authorized to collect and apply the proceeds. at Lender's option, either to ratornion or ~t of the
. Property or to tht sums secured by this Mortgage.
Unless Leader and Borrower otherwise agree in writing. any such application of proceeds to principal shall not exterd
or postpone tMe~due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of
such installments.
ti. lorrower Not Released. Extension of the time for payment or modification of amortization of the sums secured
by this Mortgage granted by Lender to any successor in interest of Borrower shall not operate to release, 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 refuse to extend time for payment or otherwise modify amortization of the :urns
secured by this Mortgage by reason of aryr demand made by the original Borrower and Borrower's successor in interest.
11. Rorbearawce by lewder Not a N+alver. Any forbearance by Lender in exercising any right or remedy hereunder. or
otherwise aRorded 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. Rewsedks Camsh#?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 successivtly.
' 13. Srecessors sad AsdBas Ilioawd; Joint awd Seved i.iab8ifr; Captions. The covenants and agreements herein
contained shalt bind, and the rights hereunder shall incug to. the respective successor and assigns of Lender sad Borrower.
subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be joint and several.
The captions' and headings of the paragraphs of this Mortgage arc for convenience only and arc rat to be used to
interpret or define the provisans hereof.
14. Notke. Except for any notice required under applicable taw to be given in another manner, (a) any notice to
Borrower p~+ovided for in this Mortga¢e shall be given by mailing such .notice by certitkd mail addressed to Borrower at
the Property Address or at such other address as Bormwer may designate by notice to i.ender as provided herein, and
(b) any notice to Lender shall he given by certified mail. return receipt requested. to Lender's 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 or Lender when given in the manner designated herein.
1S. Uwifonw Mortgage-. Goverwiwg Law: Severability. 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 located. In the
~ event that any provision or clause of this litortgagc or the Note conflicts with applicabk law, such conflict shall not alfed
j 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 arc declared to be severable.
I 14. borrower's Copy. Borrower shall be furnished a conformed copy- of the Note and of this Mortgage at the tithe
E of execution or after recordation hereof.
~ 17..Trawsfer of the Property: Assrw?ptiou. if all or any part of the Property or an interest therein ii sold or transferred
~ by Borrower without Lender's prior wrircrn 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 trarsfer 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 year 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 aceekrate if. prior to the sale or transfer. Lender
std the person to whom the Property is to be cold or transferred reach agreement in writing that the credit of each person
is satisfactory to Lender and that the intcn~ct payable on the sums secured by this Mortgage shall be at such rate ac Lender
shall request. if Lender has waived the option to accelerate provided in this paragraph 17, and if Borrowers successor in
interest has exceuted a written aswmption agreement accepted in writing by Lender. Lender shall release Borrower from all
obligations under this Mortgage and the Note.
if Lender exercises such option to accelerate. Lender shall mail Borrower notice of acceleration in accordartcr v?•ith
paragraph 14 hereof. Such notice shall provide a period of not kss 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 sums prior to the expiration of such period,
Linder may, without further ratite or demand on Borrower, invoke any remedies permitted by paragraph lft hereof.
NoN-UerrFOrtr?r CoveNeNTS. Borrower and Lender further covenant and agree as follows:
~ lfi. Acederatiow; Reweafea. ifrrtcept as provided iw paragraph 17 hereof. rrpoa borrrwa'a Meaelr of awr ceewatN K
agroe~e¦t of brrrower b this Mortgage, iwelr~ag the ewewart to par when are arq strrws seewea ti this Mortgage. Li:wier
priorto aeeekratlow s1iaM rwaY ranee to iornwer as prot•iaca a pragraph 14 hereo[ spe~dfrlrgs (1) the breach: (21 the sctisw
rgtiea /o stye sweh i>rewh: (3) a orate, wet hwa that 30 days treat the aorta the notice r naika N batrower. ~ abler arch
~ breaetr twrM k ewes; awe (4) that hWrrtt !o awe arch breach ow or retore the aatt geelfiaa i• the wotlee war rwlt r
1 aeederatlaw of the swrrs secrr+ea br this Morigsge. foreelowre b jltraicial praeeeaing awe sale of 'the frropertr. The wdkt
that 6rtlrer iwfarw borrower of the right to reiwstde after accekratbw awe the riglM b assert N the foreelrairc proeeeiag
the wow-e:iotewee of a aefatrk or awr other aefswse of borrower b acceliratlo. awe fortteioarre. N the ereaeh is wet cafe a
or retest the orate geeliei V the wotiee. Lewder a1 l.ewder's optbw tar aechre aw of ttse tars saetsrsa y? this MortgsRe t. k
6wsweaiatelr are awe paraftle witrorl trrther dcarand era war teraciooe drls Mrrtgage r7' }akW prreeeiwR. Lende? draft
6e ewtldea N to~eet i• stet pr+seeeaiwg a/ asperses of foreclosrre. iwelraiwg. rrt wN hNei M. reaoowrMe atturner's fees.
a¦a eest of iresi-~eatarr tviaewte, arstratt awe title report.
19. latrawa'a ~t b Relwstate. Notwikhstanding Lender's acoekrnion of the sums secured by this Mortgage. :
Borrower shall have the right to have any proceedings begun by Lender to enforce this Mortgage discontinued at any tint
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