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Lender's written agreement or applicable law. Borrower shall pay the amount o[ all mortgage insurance premiums in the
manner provided under paragraph 2 hereof.
Any amounts disbursed by Tender pursuant to this paragraph 7, w{th eatet~Sti taercon, shall become additional
indebtedness of Borrower secured by This Mortgage. Unless Borrower and tender agree to other terms of pjyment, such
amounts shall be payable upon natice (ram lender to Borrower requesting payment therrnf, and shall bear interest from the
date of disbursement at the rate payable from time to time on artttanding principal under the Note unless pa'yttrent o[ i
interest at such rate would be contrary to applicable law, in which event such ataour4ts shall hear interest at the highest rate
permissible under applicable law, Nothing contained in this paragraph 7 shall iequjre Lender to incur any experae or tats
any action hereunder. ~ ± _ .
g. laspectioa. lender may make ar cause to be made reasonable entries upon and inspections of flee Property. provided
that [_ender shall give Barrawer natice prior to any such inspection specifying reasonable cause therefor related to Larder's
interest en the Property. ; ,
9, Condewaatbw. The proceeds of any award ar claim for damages, direct or consequential, in connection with any
condemnation or other taking of the Property, or part thereof, ar for conveyance in lieu of condemnation, are hereby assigned
and shall be paid to lender.
in-the event of a fatal taking of the Property. the proceeds shall be applied to the sums secured by this Mortgage,
with the excess, if any, paid to Borrower. Tn 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
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 pricer to the date of taking, with the balance of the proceeds
paid to Borrower.
If the Property is ahandaneD by Borrower. or if, after natice by !.ender to Borrower that the condemnor offers to mate
an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date such notice is
nailed, Lender is atrtharized 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 writin~e, any such application of proceeds to principal shall not extend
or pastpotr? tha due date of the monthly installments referred !o ip paragraphs 1 and 2 hereof or change the amount of
such installments.
10. Borrower Not Released. Extension of the time. for payment or modification of amortization of the: stmns secured
by this Mortgage granted by Lender to any successor in interest of Borrower shall not operate to rekasC, in any manner,
the liability of the origins! Borrower and 8orrower's srrccessarc 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 sutras '
secured by this Mortgage by reason of arty demand made by the ori¢inal Borrower and Borrower's successors in intercu.
11. Forbearance by [.ender Not a Waiver. Any farhearance by Ixnder in exercising any right or rcrrtedy heramder, or
otherwise afforded by applicable law, shall oat he a waiver of or preclude the exercise of any such right or remedy.
The procurement of insurance or the payment of rates 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.
i2. Rearedies Cwanhti~e. 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.
' 13. Saceessors and Assigws Bound: Joint and Severed T.iabAity; Capfbat. The covenants and agreements herein
contained shall bind, and the rights hereunder shall intrr~ to. the respective successors and assigns of Lender seed Borrower.
subject to the provisions of paragraph 17 hereof. Ali covenants and agreements of Borrower shall be joiry and several.
'ilte captions ~ and headings of the paragraphs of this Mortgage are for convenience only and are not to tie used to
interpret or define the provisions hereof.
14. Notice. Except for any natice rcyuired under applicable taw 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 Property Address or at such other address as Barmwer may designate by notice to Tender as provided herein, and
(b) any notice to Lender shall he given by certified mail, return receipt requeued, 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. Uniform Mortgage; GoverairrR Law: Sererability. This form of mortgage combines uniform covenants for national
use and non-uniform covenants with limited variations by jurisdiction to canstittrte a uniform security itrstrurtrent 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 ~r the Note conflicts with applicable law, such conflict shall not affect -
other provisions of this Mortgage or the Nate which can be given eQect without the conflicting provision, and to then
end the provisions of the Mortgage and the Nate are Declared to be severable.
16. Eorrower's Copy. Borrower shall be ferrnished a conformed copy- of the Note seed of this Mortgage at the tune
of execution or after recordation hereof. .
17..Traasfer of the PropMy; Asanmption. Tf all ar any pan of the Property or an interest therein is sold or transferred
by Borrower without Lender's prior written consent. excluding (al the creation of a Tien or encumbrance wbordinate to
this Mortgage, (bl the creatran 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 (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 es to be ca1J or transferred reach agreement in writing that the credit of such person
is satisfactory t8 Lender and that the intercct payable on the sums secured by this Mortgage shall be at such rate as Under
shall request. If Lender has waived the option to accelerate provided in this paragraph 17, and if Borrower's successor in
interest has executed a written assumption agreement accepted in writing by Lender. Lender shall release Borrower tram all
obligations under this Mortgage and the Note.
If Lenckr exercises such. option to accelerate, Lender shall mail Borrower notice of acceleration in accordance with
paragraph 14 hereof. Such notice shall provide a period c+f not less than 30 days from the date the trotice is mailed within
which Borrower may pay the sums declared due. If Borrower fails to pay such arms prior to. the expiration at such period.
Lender may, without further notice or demand on Borrower. invoke any retnedia penrritted by paragraph 1 R hereof.
Nor-iSrrtiott>rt Covtaz`a~zs. Bo::ower and Lende* further covenant and agree as follows:
1>s. Aeceleratiow; Rewedfes. Btu:ept as provided is psragraplr Yf rereof. Row lorrowtrs breast of say cotewaat K _
agreeaent of Borrower bj this Mortgage, laelrrdiag tee coreasats fo pay wren doe say saws seetaei 61r this Mortgage, I.esder
prbtt to aecekratba sitar aaN eotke to Borrower as prodded is paragraph 11 hereof speeltytag: p) time breach; (Zl tAe setba
rgafred M care veer btndreb; (3) a dale, sot less thaw 30 days trove the date ere ttaiiee bl reveled ~ iaerowtrr. by wrkr sncr
breach gnat be emd; awd N) teat faitrrre to can sacM breach oa or before the daft apeciRed r the aotke way raaM d
acceleratiow of ere arras seerw+ed by ebb Mortgage. toreciosare by jadklal proeseding awl sale of the Troperfy. 7Ue trotictt t
shat fs~rer hdorrn Borrower of the riRM to retwsfafe steer aceekratba awd ere right b avert iw ere toraclos~t proeae~rrg
ere aos~etcWeaee at a defsak or ssry otter ddease of Borrower fo acceleratiow awl foreciosrrre. flt the breast b sot eluted eve i
or before the dMe geelied b flee wotice. Lender at !.cadet's optiow way declare r o[ ere arras st:eorei by eels MorfgsRe is be
i•raredhtely drre and payable wkbord farther demand sad Wray totecbse eels Mor~age by jadieW ptroteedlaR. Lender .tall
be eatltled to coYect d ancr procesditrg r ertpcasa of foreclwsare. bchrdiag. Orrf nN Wed teroaaMe stt~xeet.'s fees.
ant costa of doet:~ sridewce, abatracls awl title reports.
19. /orrowa's Right to Rdaatate. Notwithstanding Lenders acceleration of the sums secured by thr_ Mortgage,
Borrower shall have the right to have any proceedings begun by Lender to enforce this Mortgage discontinued at any time
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