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Lender's written agreement or applicable law. Borrower shall pay the amount of all mortgage insurance premiurns in the
manner provided under paragraph 2 heron[. ,
Any amounts disbt+rsed by I.cndcr pursuant to this paragraph 7, with interest !hereon, shall become additional
indebtedness of Borrower xcured by this Mortgage. Unless. Harrower aid l.epds~ 1Qrce to other terms of payment, such
amcx+nts shall he payable upon natice from I.cnder to &~rrowcr requesting payment thereof, and shall bear interest from the
date of disbt+rxment at the rate payable from time to time on outstanding principal under the Note unless payment of
interest at such rate would he cantranr to applicable law, in which event each amounts shall hear interest at the highest me
permissible under applicable law. Nothing contained in this paragraph 7 shall require 1_ender to incur any expersx or take
any action hereunder. ~ ,
8. Isapectiow. Lender may make ar cause to he made reasonable entries upon and inspections of the Property, provided
that Lender shall give Harrower nMice prior to any such inspection specifying reasonable cause therefor related to Lender's
interest in the Property.
9, Cosdemnatfion. The proceeds of any award ar claim far 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 total taking of the Property. the prcxceds shat! 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 proportian which the ama+nt of the sums secured by This Mortgage immediately prior to the date of
taking bears to the fair market value of the Propcny immediately prior to the date of taking, with the balance of the proceeds
paid to Borrower.
if the Praperty is ahandaned by Bar:awer. ar if, after natice by lender to Bormwer that the condemnor offtn to make
an award ar settle a claim far damages, &+rmwer faih to respand to !.ender within 30 days after -the dale such notice is
mailed. I_enJer is authorized to called and apply the proceeds. at Lender's option, either to ratoration or repair of the
Property ar to the sums secured by this Martttatte.
Unless Lender and Borrower Mherwisc agree in wrihne. any such applicatian 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.
10. !<orrower Not Released. Extension of the time for payment or modification of amortization of the sums ensured
by this Mortgage granted by lender to any st+ccecsar in interest of Borrower shall not operate to release, in any manner,
the liability of the original $orrawer and Borrower's successors in interest. Lender shall not be required to commence
proceedings against such succesoar or refute to extend time for payment or otherwise modify amortization of the sums
secured by this Mortgage by reason of any demand made by the ari¢inal Borrower and Borrower's successors in interest.
11. Forbearance by Lender 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 ar preclude the exercise of any such right or remedy.
The procurement of insurance or the payment of tares ar other liens or charges by Lender shall not be a waiver of Lender's
right to accelerate the maturity of the indehtednea secured by this Mortgage.
12. Remedks Cpmul~ise. 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 st+cctssively.
13. Socetswrs and A~ws Bound; Joiat sad Several I.iabiiify; Captlorrs. The covenants and agreements herein
contained shall bind, and the rights hereunder shall inure to. the respective successors and assigns of Lrnder gad Borrower,
subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be joiry and several.
The captions and headings of the paragraphs of this Mortgage -are for convenience only and are not to lie used to
interpret or define the provisions hereaL
14. Notke. Except for any natice required under applicable law to be given in another manner. (a) any notice to
Borrower provided for in this Martga¢e shall be given by mailing such notice by- certified mail addresxd to Borrower at
the Property Address or at such ather address as $arrow•er may designate by notice to Tender 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 !o
such other address as Lender may desi¢nate by notice to Harrower as provided herein. Any notice provided for in this
Mortgage shall be deemed to have been given to Barrawer ar 1_ender when given in the manner designated herein.
1S. LJniforni Mortgage; Governirry: Law; Sevenbility. This form of mortgage combines uniform covenants for national
use and twn-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering
real property. This Mortgage shall Ix governed-hy the law of the jurisdiction in which the Property is located. to the
event that any provision or clar+se of this Mortgage ar the Note conflicts with applicable law, such conflict shall not affect
other provisions of this Mortgage or the Nate which can be given effect without the conflicting provision, and to this
end the provisions of the Mortgage and the Nate are declared to be severable.
16. Eorr»wet's Copy. Borrower shall be furnished a conformed cop~• of the Note and of this Mortgage at the tune
of execution or alter recordation hereof.
l7. ,Trssster of the Property: Assumption. If all ar any part of the Property or an interest thereinis sold or transferred
by Borrower without Lender's pricer writ+~n consent. excluding (a) the creation of a lien or encumbrance wbordinate to
this Mortgage. (b) the crcat+an of a purchase manev security interest far household appliances, (c) a transfer by devise,
descent or by operation of law upon the death of a faint tenant or (di the grant of any leasehold interest of three years or less
not containing an option to purchase, Lender may. at [.ender's option, declare all the sums ensured by this Mortgage to be
immediately due and payable. Lender shall have waived sr+ch option to accelerate if, prior to the sale or transfer. Lender
and the person to whom the Property is a+ be sa1J ar transferred reach agreement in writing that the credit of such person
is satisfactory to lender and that the interest 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 i7, and if Borrower's successor in
interest has executed a written assumption agreement accepted in writing by Lender. Lender shall release Borrower from all
obligations under this Mortgage and the Note.
' If Lender exercixs such option to accelerate. Lender shall mail Borrower notice of acceleration in accordance with
paragraph 14 heroof. 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 si+ch sums prior to the expiration of such period,
Lender may, without further notice or demand on Borrower. invoke any remediei permitted by paragraph 1 R hereof.
NoN-Untt=otttit CoveNaNTS. Bor-.ower and Lender further covenant and agm as follo+vs:
lg. Aceekratbw; Remedks. E:cep! a< provided iw paragrspb 17 bcreot. opoa iorr~owe~s lkeacb of gay coreaawt or
wKmcwt of ltbrrower m fhb Mortgage, isclpdiwg the covenants to pay whew dwe awy saris secured by !lets Mortgage, Leader
prbr to accelerstfow shad wuU notice to Borrower as provided is paragraph 14 hereof speciitr~: (t) the br+eacb: (2) the adios
rgpird to core tsieh breach; (3) s t~e. woe less lbws 30 days from the late the stoke k twdkd to ltotr+ower. br wbkb such
breach orotR ibe rwred; >md (4) that tailwre to cure such breweb a or before the date s~eciied b the aotiee mar reside b
accderatiort of the suers tiecwrcd by this Mortgage. toreeiosure by judkW proesedfu= awd sale of the Property. The wotkre
shad further iwtona donower of the right to reittsWe sfter aecckrNba swd the right to asrert iw tbt forcclosore proeesdia~
tine wow•et<Wt:wce of a default or any fiber defense of Borrower to aceekrMbw and tortdowre. It the breach fs cent esred ow
or 6etore the dab speelicd fur the wotice. Lender at !.seder's aptbw may decbue all of the awes seewr+ed by tbfa Mortgage b be
Ewrrrrediately dwe grog pyabie without forttrer demand and may foreclose this Mortgage by jwdkW ptroeeediwR. [.ender stkall
be ewdded to collect b such pr+ocetdiwg aN expenses n( foreclosure. tsclpdiag. but woe fiimNed to. reagwsble srt•,rner's fees.
atd costs of drx.meNary erldewa. sbstrsces ssd title rcporb.
19. lion~owa's Right to Relwstate. NMwithstanding 1_ender s acceleration of the sums secured by th+s Mortgage,
Borrower shall have the right to have any procecdmgs txgun by 1_ender to enforce this Mongage discontinued at any time
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