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Lender's written agreement or applicable law. Borrower shall pay the amount of all mortgage insurance premiums in the
manner provided under paragraph 2 hereof.
Any amounts disbursed by .Lender purswnt to this paragraph 7, with interest thereon, shall become additional
indebtedness of Borrower secured by this Mortgage. Unless Borrower and lender agree to other tettns of payment. such
amounts shall be payable upon notice from Ixnder to Borrower requesting payment thereof, and shall bear interest from the
date of disbursement at the rate payable from time to time on otttstanding principal under the Note unless psjrrrrent of
interest at such rate would be contrary to applicable law, in which event such amounts shall bear interest at the highest rate
permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any exptttae or take
any action hereunder.
>Z. I~speetiow. 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 Larder's
interest in the Properly.
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condemnation or other taking of the Property, or part thereof, or fprconveyailcein lieu of condemnation, arc hereby assigned
and shall be paid to Lender.
in the event of 'a total taking of the Property. the proceeds shall be 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 prooceeds .
as is equal to that proportion which the amount of the sums 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 o[ the proceeds
paid to Borrower.
If the Property is abandoned by Borrower, or if. after notice by Lender to Borrower that the condemnor oRen to make
an award or settle a claim for damages. Bc?rmwer fails to respond to Lender within 30 days after the date wch notice is
mailed, Lender is authorized to collect and apply the proceeds, at Lender's option. either to ratoration or repair of the
Property 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 f
or postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount o[
such installments.
10. Borrower Nof Released. Extension of the time for payment or modification of amortization of the wms secured
by this Mortgage granted by Lender to any successor in interest of Borrower shall not optrate to rcksse, in any manner,
the liability of the original Borrower and Borrower's successors in interest. Lender shall not be required to commence
proceedings against such successor or refuse 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 ry Leader Not a Waiter. Any fort+earance by Lender in exercising any right or remedy heretmder, 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.
12. Rewtedks Ctuawhrlite. All remedies provided in this Mortgage arc 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 sucoasivety.
13. Sweeeasors and Asdgns )sound: Joint sad Sereral Liability; Captions. The covenants ar?d agreements herein
contained shall bind, and the rights hereunder shall inure to, the respective successors and assigns of Lender snd Borrower.
subject to the provisions of paragraph 17 hereof. Alt covenants and agreements of Borrower shall be joiiij and several.
The captions-atrd headings of the paragraphs of this Mortgage arc for convenience only and are trot to tae used to
interpret or define the provisions hereof.
11. 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 i_ender ss provided herein, and
(b) any notice to Lender shall tx given by certified mail. return receipt requested. to lender's address slated 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. ;
iS. Uniform Mortgage; Coteraiwg Lsw: Seterability. This form of mortgage combines uniform covenants for national
use and non-uniform covenants with limited variations by jurisdiction to corutitute a unifoim security instrument covering
real property. This Mortgage shall be governed by the law of the jurisdiction in which the Property is located. Tn the
event That any provision or clause of this Mortgage or the Note conflicts with applicable law, such conflict shall not atfed
his
ovi ' s of this Mort a e or the Note which can be iven effect without the conflicting provision. and to t
other r sron g
II~~ P B8
end the provisions of the Mortgage and the Note are declared to be severable.
16. ¦onowe~a Copy. Borrower shall be furnished a conformed cope of the Note and of this Mortgage at the time
of execution or after recordation hereof.
C 17..Trsrisfer of the Mperty: Asssmptiow. 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 (al the creation of a lien or encumbrance wbordinate to
this Mortgage. (b) the creatton 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 (d) 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 Burns secured by this Mortgage to be _
immediately due and payable. Lender shall have waived etch option to accelerate if. prior to the Bak or transfer, Lender .
and the person to whom the Property is to be cold 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 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 suumption agreement aceepted in writing by Lender. Lender shall release Borrower from all
i obliptions under this Mortgage and the Nae. '
I! If Lerder exercises such option to accekrata Lender shall mail Borrower notice of acceleration in accordan~-~ v?•ith
paragraph 14 hereof. Such notice shall provide a period of not less than 30 days from the date the rrotice~is mailed within
which Borrower may pay the sums declared due. If Borrower fails to pay uich sums prior to the expiration of such period,
Lender may. without further notice or demand on Borrower. invoke any remedies permitted by paragraph l g hereof.
Noty-UNIPORUt t;AVENANTS. Borrower and Lender further covenant and agree >n fOIIOMf:
15,. AcederatioM Rewredks. Bttcept at: povided i• pragrs'r~17 Irereol. trpw rorrtwa4 r.rz.er et ratty cote.a.t or
agreeaewt of >dortswes b tris Morhage. hi~ebdhtg ere eotensiNs to py wrtw dwe try tmrris seeweei r7' fhb Mortgage. Lewder
pries to wecdersliow scar rwsY wotlce to rotnrwer as'rotldd b psnrgra*r 11 recce[ itpecltyri~ (1) Ire tract; (2) ere sctisw
i egi,sa Io care wet rrescr; (3) a rile. slot less trtiw 3• dsys horn tic date tie sauce b twsred N rottener. b wrier serer
rtocer mrt rs entc~ cad (1) fret fawte a clue wcr rreaer err or retote ere date speeYei V .ere .olke way rash fw
weederaliow of ere settr ttecwtsd lay tris Mortgage. tercciosrrrc h jitr~ N'~L swtt sale o[ ere th+sperty. 7Le netice
a sfbsY tertres iwfonw rottener of ere riRM M reiwabte aftes seeekratlow acrd Ire right b sssM h Ire toraiatne'totetdrtg
ere ttasrtsMewce of a detwit or nay otter defense o~ rorrowK to scceleratiew Brad toreelowre. N ere rseaer b cot cett:d a
or bdore ere dNe geef0ed r ere notice. Lewder st I.enaer's option ttisy declare A e[ Ire trtrrrts sawed b Irlt Mottsage Ie re
iaaedlntely see acrd pyaYe witroiit trrrtrcr demand and wiay toreelae tMs Mortgage ry ~ Lends shah
be ewfMei to aoreet r wet procadiwg ar espetises of foreclosure. Mchrdiwg. cwt not roiled M. tcasowsYr snxser's fee.
swi eoels of ioe.'mesfar7 etldewce. sbotrscts and Iitk repro.
i!. ronowa'~ Rlgrt to Reitrtate. Ndwithstanding Lenders acceleration of the sums secured by thts Mortgsse,
~ Borrower shall have the right to have any proceedings begun by Lender to enforce this Mortpge discontinued at any-time
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