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Lender's wntten agreement or applicable low. Borrower shall pay the amount of all mortgage insurance premiums in the
manner providrd under paragraph 2 hereof.
Any amounts disbursed by Lender pursuant to this paragraph 7, with inteees~ thereon, shall become additional
indebtedness of Borrower secured by this Mortgage. Unkcc Borrower and [.ender agree to other terms of payment, such
amounts shall he payable upon notice from Lender to Bormwe? requesting payment !hereaf; and shall bear interest from the
date of disbursement at the rate payable tram time to time on outstanding principal undtr the Note unless pajrment of
interest at such rate waufd he cantranr to applicable law, in which event such amaunts shall hear interest at the highest rate
permissible under applicable law. Nothing contained in this paragraph ~ shall require Lender to incur any rxpetur or take
any action hereunder.
8. laspectioa. lender may make or cause to be made reasonable entries upon and inspections of the Property. providrd
that Lender shall give Barrawer naticc prior to any such inspection specifying reasanabk caux therefor related to Lender's
interest +n the Properly.
9. Cardemnafba 7Tre proceeds of any award ar claim far damages, direct or consequential, in connection with any
condemnation ar ather taking of the Property, or part thereof, ar for conveyance in lieu of condemnation, are hereby assigned
and shall be paid to 1_ender.
in the event of a fatal taking of the Property, the prcxeeds shaft 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, Unkcc Borrower and Lender
otht:rwix agree in writing, there shall bt applied to the sums secured by this Mortgage such proportion of the protxed:
as is equal to that prapartion which the amount of the sums sec+,red by this Mortgage immediately prior to the date of
taking hears to the fair market value of the Property immediately prior to tht date of taking, with the balantx of the proceeds
paid to Borrower.
If the Property is abandoned by Barrower. ar if. after natice by Lender to Borrower that the condemrtor offers to make
an award ar cattle a claim for damages. Borrower fail. to res~ and to Lender within 30 days after the date such trotioe is
mailed, Linder is atrtharized to collect and apply the proceeds. at I.endtr's option, either to ratontion or repair of the
Property or to the sums secured by this Mortgage. .
Unlcsc Lender and Borrower athetwice agree in v?•rit+ng. any such application of proceeds to principal shall not extend
or postpone the due date of the monthly installments referred to in paragraphs t and 2 hereof ar change the amount of
such installments.
10. Borrower Not Released. Extension of the time far payment or madiflcation of amartization of the sums secured
by this Mortgage granted by !.ender to any successor in interact of Borrower shall not operate to rclcax, in any manner.
the liability of the original Borrower and Barrower's s+,ccessarc in interest. [.ender shall not be required to commence
proceedings against such successor or refuse to extend time for payment or otherwise modify amortizaUOn of the sums
secured by this Mortgage by reason of any demand made by the original Borrawer and Borrowers successors in interest.
I1. Forbearance by Lewder Not a Wsivcr. Any farhearancc by Lender in exercising any right or remedy hereunder, or
atherwise afforded by applicable law, shall not he a waiver of ar preclude the exercix of any such right or remedy.
The procurement of insurance or the payment of fates ar other liens or charges by Lender shall not br a waiver of Lender's
right to accelerate the maturity of the indebtedness sec+,rcd by this Mortgage.
12. Remedies Cwmulati•e. All remedies provided in This Mortgage are distinct and cumulative to any other right or
remedy under this Mortgage or afforded by law ar equity, and may be exercised concurrently, independently or successively.
13. Swceessors and AsaiRss Borrnd; Joint and Several /.iaM'lity; Capfioas. The covenants and agreements herein
contained shall bind, and the rights hereunder shall in++rg to. the respective successors and assigns of Lender and Borrower.
subject to the provisions cif paragraph 17 hereof. All covenants and agreements of Borrower shall be joiry and several.
The captions and headings of the paragraphs of Chic Mortgage are far convenience only and are not to be +rxd io
interpret or define the provisions hereof.
le. Notice. Except for any notice rcyuired under applicable law to be given in another manner, fa) any notice to
Borrower provided /or in this Mortgage shall he 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 as provided herein, and
(h) any notice to Lender shall he given by certified mail. ret+,m receipt requested. to Lenders address stated herein or to
such other address as Lender may designate by notice to Barrower as provided herein. Any notice provided for in this
Mortgage shall he deemed to have been given to Barrower ar Lender when given in the manner designated herein.
IS. Uniform MorlgaXe; Governing Law; Severabllity. This form of mortgage combines uniform covenants for national
ux 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 cla++x of this Martgage or the Nate conflicts with applicable law, such conflict shall not affect
other provisions of this Mortgage or the Nate which can be given attest without the conflicting provision, and to this
end the provisions of the Martgage and the 'vale are declared to be severable.
16. Eorrower's Copy. Borrower shall be furnished a conformed copy of the Note and of this Mortgage at the time
of execution or after recordation hereaf.
17. ,Trawsfer of fbt Property; Assumption. if all or any part of the Property or an interest therein is sold or transferred
by Borrower without Lender i priar written consem. excluding fat the creation of a lien or encumbnnct subordinate to
this Mortgage. fh) the creation of a purchase money security interest far household appliances, fc) a transfer by devise,
descent or by operation of law upon the death of a ja+r+t tenant or fdl the grant of any leaxhold interest of three years or less
not containing an option to purchase, Lender may. at l_ender'c option, declare all the sums secured by this Mortgage to be
immediately due and payable. Lender shall have a•,,,ved such option to accelerate if, prior to the sale or transfer. Lender
and the person to whom the Property is to be card or transferred reach agreement in writing that the credit of each person
is satisfactory to Lender and that the interest payable on the sums secured by this Mortgage shall be at s++ch rate ac Lender
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 Lender exercises such option to accelerate. Lender shall mail Borrower notice of acceleration in accordance v. ith
paragraph 14 hereof. Such notice shall provide a period of not less than 30 days from the dale 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,
Lender may, without further notice ar demand on Borrower. invoke any remedies permitted by paragraph 18 hereaf.
Note-UNIFOatK COVENANTS. Borrower and Lender further covenant and agree ss follows:
18. Accekratlos; Rewredks. IE:cape as provided iw paragrspb 17 iercot, wpoai iorrowers braes of awy coreawrt or
agrecwreat of Borrower br fib Mortgage. iwcladlwg tie co•ewaMs to py wicw tae gay swr.s seetrret by this Mortgage. Lewder
prior to aceekratloa siaY asail wodce to Borrower as prodded lw paragrapi 11 iereo[ sptcityb+g: (1) the breaei; (2) tie setbw
regaket b care sash bread; (3) ¦ dNe. woe less flaw 30 days twat the date tie wotice r wrafilea b lortower. by wild swci
bread ~atR be cared; ssd (4) fiat tailarc to care steel bread ow or before tic dale specYed r tie wotict gay resale b
accekrMfow of the salsas accrued by ebb Mortgage. toreclo~sare by judkfal proeeedhrg awe sale of qte Property. Tire wotke
shah biller iwtortw Borrower of tie riRM to rNw:tste after sccekratiow awd the right to aaacrt iw tic torecloswre procetdnag
tie atnw~e:Wewce of a defawk or airy other defewse of Borrower to acceleratiow girt foreciowre. H the brrxi b sM cared ow
or before tie dale stteeifid r tie wotkt, Lender at I.ewder's optiow Tway decitre aY of tit start aeewred by flit Mortgage b be
iswsediatdy dwe gut pyabk witbowt trrrtlicr demand rand Wray /oreclose tilt Mortgage by jwdkW proceedlaR. Lender shah
be atWed ter colilect b steel proceednwg alt a:pewses of torKbswrt. iwclwdiwg. bat woe Ifirwitet to. reasowabk stt.xner's fees.
gad awls d docr:~ evidtsce. abstracts and tick report.
19. Sorrowet•s Rlgit to Refattste. Notwithstanding (.ender i acceleration of the sums securt:d by th,~ Mortgage,
Borrower shall have the right to have any procced,ngs begun by I.endtr to enforce this Mortgage discont+nucd at any time
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