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Lender's written agreement or applicable law. Borrower shall pay the amount o[ all mortgage insurance premiums rn the
manner provided under paragraph 2 hereof. ,
Any amounts disbursed by Lcndcr pursuant tb this paragrapM+ 7, with[ interest thereon, shall become additional
indebtedness of Borrower securrd by this Martbage. Unless Borrower and I enckr agree to other terms of payment, such
amounts shall tie payable upon notice from Lender to l3ormwcr requesting payment thereof, and shall bear interest from tlx
date of disbursement at the rate payable from time to time on artstattding principal under the Note unless payment of
interest at such rate would tx contrary to applicable iaw, in which event such amounts shall hear interest at the highest me
perrrrissibk under applicable iaw. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
any action hereunder,
>s, Iwspectiow. Lender may make or cause to be made reasonable entries upon and inspections of the Property. provided
that f.endtr shall give Borrower notice prier to any such inspection sprci(ying reasonable cause therefor related to Lender's
interest in the Property.
9. Cowdemwatba, 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 therrnf, or for com•eyance in lieu of condemnation, are hereby assigrtod
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 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 prior to the date of taking, with the balance of the proceeds
paid to Borrower.
1[ the Property is abandoned by Borsower, or if. after notice by (-ender to Borrower that the condemnor otftrs to matte
an award or settle a claim for damages. Bc.rmwer fail. to rcx~ond to Lender within 30 days after the date such notice is
mailed. Lender it authorized to collect and apply the proceeds. at Lender i option, either to restoration or repair of the
Property or to the sums secured by this MortRalte.
Unless lender and Borrower otherwise agree in writing. any such application of proceeds to principal shall not extend
or postpone ttie due date of the monthly installments referred to in paragraphs I and 2 hereof or change the amount o[
such installments.
10. Eramower Not Released. Extension of the time for payment or modification of amortization of the sums axuned
by this Mortgage granted by [.ender to any arccessor in interest of Borrower shall not operate to release, in any manner,
the liability of the original 8orrowtr and Borrower c successors in interest. Lender shall not lx required to commence
proceedings against such successor or reface 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 Borrower's successors in interest.
11. Forbearance by Lender Not a Waiver. Any forhearanre by Lender in exercising any right or remedy hereunder, of
otherwise afforded by appiicable law. shall not he a waiver of or preclude the exorcise of any such right or remedy.
The procurement of insurance or the payment of taxes or other liens or charges by 1_ender shall not be a waiver of Lender's
right to accelerate the maturity of .the indebtedness secured by this Mortgage.
12. Rett+tedks Camulathe. Alf 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 tx exercised concurrently, independently or successively.
13. Swccesaora and Assigns Bound; .Joint awd Sereral f.ial>ility; Captions. The covenants and agreements herein
contained shall bind, and the rights hereunder shall inure to. the respective successors and assigns of Lender acrd Borrower,
subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be join] and several.
The captions and headiirgs of the paragraphs of Chic Mortgage arc for convenience only and arc not to lie used to
interpret or define the provisions hereof.
14. Notice. Except for any notice required under applicable faw 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 Borrtwer mav_ designate by notice to Tender as provided herein, and
(b) any notice to Lender shall t+e given by certified mail. return receipt requested. to [.ender's address stated herein or to
such other address as Lender may designate by nc?tice to Borrower as provided herein. Any notice provided for in this
Mortgage shall he deemed to have been given to Burrower or Lender when given in the manner designated herein.
1S. Uwiform Mortgage: Governing Law; Sererability. 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 shalt 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 or the Note conflicts with applicable law, such conflict shall not affect
other provisions of this Mortgage or the Nate which can be given eBect without the conflicting provision, and to this
end the provisions of the Mortgage and the 'Vote are Declared. to be severable.
I6. )sorrower's Copy. Borrower chaff be furnished a conformed eop~• of the Note and of this Mortgage at the time
of execution or after recordation hereof.
17..Trawsfer of the Property; Assumption. if all or any pars of the Property or an interest therein rs sold or transferred
by Borrower without Lender's prior writ~~n consent, excluding (a1 the citation of a lien or encumbnnce subordinate to
this Mortgage, (bl the creation of a purchase mc.nev 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 oc less
not containing an option to purchase, l_end~r may, at Lender's option, declare all the sums secured by this Mortgage to be
immediately due and payable- Lender shall have a•a~ved such option to accelerate if, prior to fire sale or transfer. Lender
and the person to whom tyre Property is te. be solD or transferred reach agreement in writing that the credit of such person
is satisfactory to Lender and that the interc~t payable nn the sums secured by this Mortgage shall bt at such rate ac Lender
shall request. ff Lender has waived the option to accelerate provided in this paragraph 17, and if l3otTOwer i successor in
interest has executed a written assumption agreement accepted in writing by Lender, Lender shall release Borrower from all
obllg>itions under this Mortgage and Lire Note.
If Lender exercises such option to accelerate, Lender shall mail Borrower notice of acceleration in accordance ti•ith
parasnph 14 lxreof. 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. If Borrower fails to pay each sums prior to the expiation of such period,
[.ender may, without further notice or demand on Borrower, invoke any remediGS permitted by paragraph lA hereof.
Nort-UNIFORIN t?oveNANTS. Borrower and Lender further covenant and agree as follo+vs:
1>1. Accderatiow; Remedks. Lscept as prodded is paragraph 17 hereof. mpw II<onowtr's breach of nay cotewawt ar
agreement of )sorrawer Ta this Mortgage. iwdrrding ere eoreaswts to pay whew dwe .wy wan sectud b tWtt Mortgage. Leader
prior to accekntbw wall stall wotke to Borrower as prodded la paragraph 14 hereof sprtcUUyMtg: (1) the 6seacb: (t) the sctiow
trgwhed to csu+e weir 6reaer; (3) a date. woe less thaw 30 days from ere date ere notice b twaUed do lorrower. by wbkr swcr
brttaer mnM be cnrer3; awe (4) that fs8trre to cwrr stash bttach ow or before t4, date geelAed iw ere wotke may reswh b
accekratlow d ere war secwr+ed br flit Mort=aRe, toreclosurr by jrrdkW proceedngg awd sak of the ti•roperry. The wMke
shay tttrtfrer iwfors iorrower of ere right to reinstate deer scceleratiow and ere right to avert h the foreelwwre proceedlsB
ere wow-exWewce of a detawk or awy Mher defewse of llsorrower to accekratlow sad forecfware. N the breach is not c1Mtd ow
or before ere ds~ gecifitd iw ere notice. Lewder at Lender's optiow may dtYiare aM d ere wms sttetuca by this Mortgage b be
iwtarediattly dwe awd pyable wifhowt farther demand awd may forrclost fhb Mortgage by jodkW ptnocsedhg. tender shah
be sntltld to coYect tw web proceediwg ati ettpcwses of forcclosare. faclwdiwg. 6wt woe Ifttdtd {e. reasowable sttnrnry'tt fees.
and Dods of doet:.+eNttq rridewee. abstracts awd title reprh.
19. sorrowey's Rligbt to Reiwdate. Notwithstanding Lender's acceleration of the sums secured by this Mortgage,
Borrower shall have the right to have any proceedings begun by tender to enforce this Mortgage discontinued at any time
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