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Lender's written agreement or applicabk law. Borrower shall pay the imount of all mortgage insurance premiums rn the
. manner provided under paragraph 2 hereof.
Any amounts disbursed by I_erxkr fu!rs~•ar:t to this prlragraph.7, yeith i~tanst 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 payable upon notice from Lender to Borrower requesting payment thereof, and shall hear interest from the
date of disbetrsernent at the rate payable from time to lime on outstanding principal under the Note unless payment of
interest at such rate wo.;~3 ; ;,aztrarv to applicabk law, in which event such amounts shall bear interest at the highest rate
permissible under applicable law. Noshing contained in this paragraph 7 shall require i_ender to incur any expense or take
any action hereunder.
taspectiow. lender may make or cause to be made reasonable entries upon and inspections of the Property. provided
that Lender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to iatder'a
interest in the Property.
9, Cowdentwatiow, 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 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 prrrMds 4halt M a..r.li..l t~ tt.r_ cams secured by this MOrttatte,
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 v?•hich 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 Borrovtner.
if the Property is.ahandoned by Borrower. or if. after notice by i.ender to Borrower that the ton- demnor ofhrs to make
an award or settle a claim for damages, &~rmwer fails to respond to Lender within 30 days after the date such notice is
mailed, under is authorized to collect and apply the proceeds, at Lender's option, eithe_ r to restoration oc repair of the
Pc~perty 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 of change the amount of
such installments.
10. narrower Not Reka6ed. Extension of the time for payment or modification of amortization of the sums secured
by this Mortgage granted by i.ender to any successor in interest of Borrower shall not operate to release, in sny manner,
the liability of the original Borrower and Borrowers successors in interest. Lender shall not be required to commence
proceedings against such successor or refuse to ectend 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 forbearance by i.ender in exercising any right or rcmody hcrettrtder, of
otherwise afforded by applicable law. shall not be a waiver of or preclude the exercise of any such right or remedy.
The procurement of insurance or the payment of faces or other liens or charges by Lender shall not be a waiver of Lender'a
right to accelerate the maturity of the indebtedness secured by this Mortgage.
12. Rewtedks Cowshtefire. 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 concurrcntty, independently or successively. _
13. Swceeaors and Assigws I<ottnd:.7oiet awd Sereral T.iabilifr; Csptbas. Tire rnvcnants and agreements herein
contained shall bind, and the rights hereunder shall inure to. the respective successors and assigns of Lenderattd Borrower,
subject to the provisions of paragraph 17 hereof- All covenants and agreements of Borrower shall be joit~ and stvenl.
T1te 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 hereof.
14. Notice. Except for any notice required 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 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 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. Uaitorta Mortgage; Governing Law; Severabitity. 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 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 ar the Note conflicts with applicabk taw, such conflict shall not affect
other provisions of this Mortgage- or the Note which can be given e>iect without the conflicting provision, and to this
end the provisions of the Mortgage and the Note are declared to be severable.
16. Iorrower's Copy. Borrower shall be furnished a conformed cop~• of the Note and of this Mortgage at the time
of execution or after recordation hereof.
tT..Trasster of the Property; Assumption. 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 Mortgage, (b) the creaticxt 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 (di 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 is t~~ be cold or transferred reach agreement in writing that the credit of such petwn
is satisfactory to Lander and that the inlcrrst payable on the sums secured by this Mortgage shall be at such rate ac 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 exercises such option Io accelerate. Lender shall mail Borrower notice of acceleration in accordance with
paragraph i4 hereof. Such notice shall provide a period ~f not less than 30 days from the date the notice is mailed within
which Borrower may pay the sums declared due. Tf Borrower fails to pay sock sums prior to the expiration of such period,
Lender may, without further notice or demand on Borrower. invoke any remedies permitttd by paragraph 18 hereof.
Norr•UNtt=oar?t Covt:tvarrrs. Borrower and Lender further covenant and agree ss folbws:
li. Acceieratbw; Rewedfa. t?.ttcept as provided is ParaLrsph 17 bettor. trroa )jorrawtit's bresck of Mr covewttt K
sgnemeat of lsorrswer Iw this Mort=a`e. hstidit~ the co.ewswts to pr wren dse Mr saws ttrcMe! b tW Mortgage. Lewder
prior: b sceekrstiow sr~ aN notice to ¦orrower as provided iw pragrsph 14 rereot ~ecMy4s: (1) ere breach; (2) the st:fiow
trgdred b cm rtarr brtescr; (3) s date. sot less than 39 dais tr+otw ere Gate the twlke b anikd b flemower. Yy which tateit
oracle mast be cared: atN (4) that hRttre to cent sash brtsch ow or bNoro the dale spet~ed iw the twticc rear t~essit
atcekrdlow of Ire seats secsred br dth Mortgage. terectatrrt b w awl sale of the Mrrrtr. '11te notice ,
shall (ether iwtarm •orroarer of the right to treirtstatt after sceekratiow swd ere right b atttert M the tareelowre Nottetrwg
trt twa•ezidewce o1 w detasM or asr otter decease of sorrowK to acceleration sad foreclowrc. H the breach b not card a
or bdortr the dale gscilied r ere wolice, Lewder at Lender's optiow wear dcchre sB at the wwn ttte~rd b this Mortgs)Ze b be
irstwedhlely dtte swd prsbie witbst ttuthcr demand and near foreclose tole Martgagt rr jrikW proeeedislt. Lender chap
be estiNtd to euYeet d stet p+oeeedisg sY expenses of corechusre. Iwchydieg. bN ast Bttdtett b. ressosabk stt.,reev's fees.
aid cab of doc`.~eMarr eridesce, sbetrsets swd tick repro. .
If. ionowa's Rlgitt to ReisNate. Notwithstanding Lenders acceleration of the sums secured by this Mortaaae,
Borrower shag have the right to have any proceedings begun by Lender to enforce this Mortgage discontinued at any time
~~x 328 Pa~E X41 .
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