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Lender's written agreement or applicable law. Borrower shall pay the amount of all mortgage insurance premiums in the
matttter provided under paragraph 2 hereof.
Any amattnts disbursed by Lender pursuant to this 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 payahk upon notice from Lender to &+rrower requesting payment thereof, and shall bear interest from the
date of disbursement at the ntc payahk from time to time on outstanding principal under the Note unless payment of
interest at such rate would be contrary to applicable law, in which event such amounts :hall bear interest at the highest rate
Ixrmissibk under applicable law. Nothing contained in this paragraph 7 shall require (,ender to incur any expense or take
any action hereunder.
>R. Itaspectiow. 1_ender may make or cause to be made reasonable entries upon and inspections of tFte Property, provided
that [.ender shall glut Borrower notice prior to any such inspection specifying reasonable caux therefor related to Lertder'a
interest in the Property.
9. Cowdeaaatiow. The proceeds of any award or claim for damages, direct or consequential, in connection with any
condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby sssigned
and shall be paid to Lender.
In the event of a total taking of the Property, the proceeds shall he 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 Lender
otherwise agree in writing. there shall be applied to the sums secured by this Mortgage such proportion of the prooetds
as is equal to that proportion which the amount of the sums secured by this Mortgage immediately prior to the date of
taking bears Io 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 Bor:ower. or if. after notice by lender to Borrower that the condemnor oRera to make
an award or settle a claim for damages. Bc?rmwer fail. to respond to lender within 30 days after ~Ihe daft such notice is •
mailed. Lender is authorized to collect and apply the proceeds. at lender's option, either to restontion 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.
1A. Borrower Nof Rekssed. Extension of the time for payment or modification of amortization of the sums seeur+ed
by this Mortgage granted by [.ender to any cucctssor in interest of Borrower shall rat operate to rckast, in any manner,
the liability of the original Borrower and Bt?rrowcr's successors in interest. Lender shall not be required to canmenoe
proceedings against such successor or refuse to extend 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 Aorrower
s successors in interest.
ii, Forbearance by Lender Not a Waiver. Any forbearance by i_ender in exercising any right or remedy heretmder, or
otherwise aBorded by applicable law, shall not be a waiver of or preclude the exercise of any such right or terrtedy.
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, Remedks Cwrwuh>tFe. Ail 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 concurrentty, independently or successively.
13. Srcceasors and Asslgws Bound; .7oiat said Several i.isWity; Captlows. The covenants and agreements herein
contained shall bind, and the rights hereunder shall inure to. the respective successors and assigns of Lender and Borrower.
subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be joirM and several.
The captions and headings of the paragraphs of this Mortgage arc for convenienct only and are not to _ lie used to
interpret or define the provisions herec?f.
'14. Notice. Except for any notice rcyuired 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 Property Address or at such other address as Borrower may designate by notice to Tender at provided herein, and
(b) any notice to Lender shall he given by certified mail. return receipt requested. to L.ender'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. Uaitorm Mortgage; Govcrniag Law; Severability. This form of mortgage combing 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 taw of the jurisdiction in which the Proptrty is located. Tn the
event that any provision or claux 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 etTect without the conflicting provision, and to this
end the provisions of the Mortgage and the N~xe arc declared to be severable.
Ili, Borrower's Cody. Borrower shall be furnished a conformed copy of the Note and of this Mortgage at the time
of execution or after recordation hereof.
17..Ttrawsfer of the Property; Assnmptiow. if all or any part of the Property or an interest therein is sold or transferred
by Borrower without Lender's prior written consent. excluding (a/ the creation of a lien or encumbrance subordinate to
this Mortgagt, (bi the creation of a purchase me*nty ":rarity inttrtst far 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
net 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 acedente 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 of such petsort
is satisfactory to Lender and that the interrct payable on the sums secured by this Mortgage shall be at such rate ac Lender
shall request. 1f 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 from all
oblisations under this Mortgage and the Note.
if Lender exercises such option to accelerate, Lender shall mail Borrower notice of accekntion in accordance with
paragraph 14 hermf. 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 sums declared due. it Borrower fails to pay such stems prior to the expiration of such period.
[.ender may, without further notice or demand on Borrower. invoke any remedies permitted by paragraph 1R hereof.
Note-1.INIFOatt COVETfAN?s• Borrower and Lender further covenant and agree as follows:
li. Acetkratios; Reaedks. Except a provided is prsgrapi 17 Itereot. trpw ltornwer's bseae! of gay covewad or
~ of ll~lrr+o~rer 4 tlris Mortgage. fweirdia~ the corewswts to pay wises titre stay snow sceuei b7' tlds Mortgage. Lewder
prbr !o aceekratlon tW waaN aotice to Borrower as provlacd la pragrspi 14 Irereot speeityil: il) fire ianati: (2) less artlaa
rstprMed to etare stsei bract; (3) s date. rat ksa thaw 30 days twat tie date the notice i rtsaNed N iorrower. ~ wiklr stsei
brraci anal be ewre+k aei (4) fiat tWrrre to cure staci breacb a or before tie date gecMei iw the wotke t.ay eestrlt iw
aeedenrtiow of tie was sectrrea by tits Mortgage, taeclostrre by ~dicW pocceairtg anti sale of tic Pw'crty. The tactics
sitter twrtier brtoca iiorrawer of the riRM to reinstate otter sccekratbw swd the right to assert h the torecbwre protaeitg
fie taow.e:Weuce of a detatrM or rMy othK dettwsc Ot i;wrower to aceelcratiow awd toreciowK. N the breach is wot ewe+ed on
or bdore tie tlNe speciiW `fie wotice. Lewder at I.ewders opiow raay declare ar of the gas seettre~ b Ntis Mortgage tt? be
iawacaiately dare sw/ pyaMe wltbotN twAher demand and Wray torcclose h4 Motrlg:Re by jwakW peeeeedfwR. Lender xhaq
be eMWsi to eortaet b such pweeedisig ar espewses of torecbstrre, iwclwdiwg, btrt get IWted N, reaaowaiie sttnraeY's tees.
awl costs of dvcr-~ewtary evidewce. s6stracts awl tick repro.
l!. •orrowa's R(git to Reiwsiate. Notwithstanding Lender's sccekrstion of the sums secured by tht• Mongage,
Borrower shah have the right to have any proceedings txgun by Lender to enforce this Mortgage discontinued at any time
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