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Lender's written agreement or applicable law. Borrower shall pay the amount of all mortgage iasuratttx premiums in the
manner provided under paragraph 2 hereof. ,
Any amounts 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 F
amounts shall be payable upon notice from Tender to Borrower requesting payment thereof, and shall bear interest ftntw the
date of disbursement at the rate payable from time to time on aitstanding principal under the Note unless pajrmemt of
interest at such rate would be contrary to applicable law, in which event such amounts sha0 bear interest at the highest rate
permissible under applicable law. Nothing contained in this paragraph 7 shall require Ler?der to incur any experae or take
any action hereunder. _
Il. Ittspeetiow. Lender may make or cause to be made rcas•~nabk entries upon and inspections of the Property. provided
that Lender shall give Borrower ndice prior to any such inspectiur specifying reasonable cause therefor related to Lender's
interest in the Property.
9. Cowderwwstba, The proceeds of any award or claim for damages, direct o< co ntial, in conrrecfion with any '
condemnation or other taking of the Property, or part therrof, or for conveyance im lieu of~nation. are hereby assigned
and shall be paid to Lender.
In the event of a total taking of the Property. the proceeds chaff be applied to the sums secured by this Mortgage.
with the excess, if any, paid to Borrower. Tn the event of a partial taking of the Property. unless Borrower and Lender 1
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 amarnt .~f the sums secured by this Mortgage immediatety 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.
If the Property is abandoned by Borrower, or if. after notice by Lender to Borrower that the condemnor offers to make
an award or settle a claim for damages, Borrower fair to respond to Lender within 30 days after the date such notice is
mailed, Lender is authorized to collect and apply the proceeds. at Lender's option, either to restoration or repair of the
Property or to the sums secured by this Mortgage.
Unless Lender and Borrower otherwise egret in writing, any such application of proceeds to principal shall not extend
or postpone the due date of tht monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of
such installments.
10. liioerower Nof Released. Extension of the time for payment or modification of amortization of the sums at:cttred
by this Mortgage granted by Lender to any successor in interest of Borrower- shall not operate to release, in any manner.
the liability of the original Borrower and Borrowers successors in interest. Lender shelf not be rsquircd to camt»ence
proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the sums
secured by this Mortgage by mason of any demand made by the original Borrower and Borrower's successor in interest. "
il. Forbesrswce by Lewder Not w Wsiver. Any forl+carance by Lender in exercising any right or rcrrredy hete[mder, or
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 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.
l2. Rewredks Ctuwolafitre. All remedies provided in this Mortgage arc distinct and cumulative to any other right a
remedy under this Mortgage or afforded by law or equity, and may be exercised concurrently, independently or successively.
13. Swccessors awd AssiRas laonwd: Joiwt sod Several I.isb~fy; Cspfiows, The covenants and agreemrnts herein
contained shall bind, and the rights hereunder shall inure to. the respective successors and assigns of Lender apd Borrower.
subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be join) and several.
The captions' and headings of the paragraphs of this Mortgage arc for convenience only and are not to tie used to
interpret or define the provisions hereof.
14. Notice. Except for any ratite 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 addrcsc 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 sddress slated herein or to
such other address as Lender may designate by notice to Borrower as provided herein. Arty notice provided for in this
Mortgage shall be deemed to have been given to Borrower or Lender when given in the manner designated herein.
IS. Uwiforwr Mortgage; Go~erwiwR Law: Severability. 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 or the Note conflicts wtth applicable law, such conflict shall rat affect
j other provisions of this Mortgage or the Note which can be given eBect without the conflicting provision. and to this -
' end the provisionu of the Mortgage and the Note arc Declared to be severable.
16. llioerower'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.
17..Trawsfer of tee Property; Assomptiow. if all or any part of the Property or an interest therein is sold or transferred
by Borrower without Lenders prior written consent. excluding (a) the treaters of a lien or encumbrance subordinate to
this Mortgage. (b) the creation of a purchase money security interest for household appliar>ces, (c) a transfer by devise.
E descent or by operation of law upon the death of a joint tenant or (d) the grant of any leasehold interest of three yeah or less
not containing an option to purchase, Lender may, at Lender s option, declare all the sums aecurtd by this Mortgage to be
immediately due and payable. Lender shall have waived such option to acxelerate if. prior to the sale or transfer. Lender ~
and the person to whom the Property is to be solD or 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. Tf Lender has waived the option to accelerate provided in this paragraph 17, and if Borrowers successor in
interest has executed a written assumption agreement accepted in writing by Lender. Lender shall ukase Borrower teem all }
obligations under this Mortgage and the Note.
If Lender exercises such option to acre{crate, Lender shall mail Borrower notice of acceleration in sccordawcti w•irh ~
pwragraph 14 hereof. Such notice shall provide a period of not less than 30 days from the date the ratite is mailed within i
which Borrower may pay the wms declared due. If Borrower fails to pay s<tch wms prior to the expiration of wch period, s
Lender may, without further ratite or demand on Borrower. invoke any remedies permitted by paragraph 18 hereof.
NoH-Untt=oret?t CovENe>rTS. Borrower and Lender further covenant and agree as fdWws:
~lg. Aecdastiot~ Rewredies. Except as provNed iw'wrngrapU 17 rereot, Row lonowa's Meaer of arq nvewt err
ap~eeaewt of lorrower i• ttiis Mortgage. iwclwairr~ tee corewsrNs to pwy wrew awe awe awewa sttewesa fry tYs MaAgags. Lawaer
peiott N weeekrwtfow sMar rrrsN wotlee to Soeeo..ee as'eovNea M pwrsgra'it 14 hereo[ speel[ylrrgt (1) t#e M+eweU: (21 the sctMw
rgwi+ei b twee suer Meselq (3) a tale, root less tl[a[ 3s days ~rorw tee Gate tfe wetke fs tw»
aaa b >>oeeowtT, try wttklr sweY
ltieewels ewwat k ewrea; awl (4) that fsilwre b ctwe steel[ fanac~ a or retoee the Gate Reelfiea r the wotlee wsay reswN V
aeedeeatloer of the wt¦s tttxwrea bl' tW Mortgage. toeredonre iYy jwalelal ~eoeeeaiwg awe sale of tee Pr+o'eety. Tire wetke
sisal Ewrther idoerw lorrower of the right b reirtstMt wfter aeetkestiow swa the rlgYt b street N the torseleawee peeteetitg
rise wow•e:Msssce d w aetsstM or a.y other defewse of iorrower to aeeekrMiow awl toeedosstre. a the t[reseM r wN etsetea a
or betoee the Gale speeiie/ i• tee rootlet. Lewder st t.ewaer's optiow wsay aalare sM of list wrws stteweteti ~ tYs Moelp(pe M k ;
iwsast:aWtir awe awl pwywMe willsowt trettser derwand awd wuy foecelae tl~ Merlgage Ih }ikW /hteaiwlt. Lewda s1ssN
be ewlfllta to eoYtet V swer'roceeaiwg sN expcwtxs pf forcclosore, iwclraiwg. 6rt wet Bwritea r. eeasswwYe attwsrYs ftes.
awl coats of ioea-awewtary edaewee, sisRraeb awl Iitk rcpeb.
lf. lioreewa's Right to Rei¦atate. Notwithstanding Lenders acceleration of the sums secured by the[ Mortgage,
` Borrower hall have the right to have any proceedings htgun by Lender to enforce this Mortgage discontinued at any time
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