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Leader's written agreement or applicabb !t?w. Borrower shall pay the amount of all mortgage irrsuraaoe prerairrms in the
manner provided under paragraph 2 heteot.
Any amounts disbursed by Lender purswnt to this paragraph 7. with interest thereon. shall become additions)
' indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other tetras of payment. such
amounts shall be payable upon notice from Lender to Borrower requesting payment thet•eot, and shall bear isterest from the
date of disbursement st the rate payable from titre to titre on outstanding principal under the Note unless pajrrrreat 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 tray expense or take
any action hereunder.
ft. fasreetior. lender may make or cause to be made reasonable entries upon and inspections of the Properly. provided
that Lender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Larder's
• interest in the Property.
9. Costiewaatbrt, The proceeds of any award or claim for damages, dir~oct a. Consequential. in connection with any
condemnation or dl:-.r taking of the Property, or part t)rereot, or for conveyance in lieu of condemnation. are hereby assigned
and shall be paid to mender.
In the event of a total taking of the Progeny. the proceeds shall be applied to the sums secured by this MoAgsge,
with the excess, if any, paid to Borrower. in the event of a partial taking of the Property, unless Borrower and Lsoder
otherwise agree in writing, there shall be applied to the sums secured by this Mortgage such proportion of the proceeb
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 Progeny immediately prior to the date of taking, with the: balance of the proceotit
paid to Borrower.-
lf the Property is abandoned by Borrower, or if. after notice by Lender to Borrower that the ooademnor otters to make
an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days she[ the daft such notice is
mailed. Lender is autho»ted to rnllect and apply tlt± proceeds. at mender's option, either to restoration or repair o[ the
Property or to the sums secured by this Mortga~te.
Unless Lender and Borrower otherwise agret in writing, any such application of proceeds to principal shall not exttad
or postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the suraunt of
such installments.
10. >dorrower Not Released. Extension of the time for payment or modification of amortization of the sutras secured
by this Mortgage granted by Lender to any successor in interest of Borrower shag not operate to reksse, in any manner.
the liability of the o»ginal Borrower and Btrrower s Successors in interat. mender shall not be regained 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 Borrostrer's successors in interest.
11. Ror6earaoce i7' Lender Not a Wdver. Any forbearance by Ltndet in exercising any »ght or remedy heramder, or
otherwise afforded by applicable law. shall trot be a waiver of or preclude the exercise of any such right or remedy.
The proctrrcment of insurance or the payment of taxes or other liens a charges by Lender shall not be a waiver of Lenrkr's
right to accelerate the maturity of the indebtedness secrrrcd by this Mortgage..
12. Rerreis Csreaisd~t. All remedies provided in this Mortgage are distinct and cumulative t0 any other [tight or
remedy under this Mortgage or afforded by-law or equity, and may be exercised concurrently, indepertdently or successively.
13. Srctessois sad' As*as )sorgd:'.John dad Several i.isbility; Captloas. The covenants and agreements herein
contained shall bind, and the »ghts hereunder shall inrrrp to, the.rapective successors and assigns of Lender spd Borrower.
subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be jary and several.
The captions' and headings of the paragraphs of this Mortgage arc for convenience only and are rat to lk used to
interpret or define the provisans hereof.
14. Notiee. Except for any Waite required under applicable law to be givtn in another manner. (s) 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 dher addreu as Borrower may designate by notice to i.ender ss provided herein. and
(b) any notice to Lender shall he given by certified mail, return receipt requested. to Lender's addras stated herein or to
such other address as Lender may designate by notice to Borrower as provided herein. Any notice provided for in this
Mortgagt shall be deemed to have been given to Borrower or Lender when given in the manner designated herein.
lS. Uaiforer Mortgage; tiovcrsiag 1Lsw; Seversbflity. This form of mortgage combines uniform covenants for national
use and ran-uniform covenants with limited variations by jurisdiction to constitute s unifomr sxurity instrument covering
real property. This Mortgage shall bt 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 with applicable law. such conflict shall not affect
other provisions of this Mortgage or the Note which can be given etlect without the conflicting provision. and to this
end the provisions of the Mortgage and the Nde are declared to be severable.
lf. Isotrower's-Cory. Borrower shall be furnished a conformed cops' of the Note and of this Mortgage at the titre
of execution or after recordation hereof.
17..Trarder of the Property: Assrarrtiow. if all or any part of the Property or sn interest therein is sold or transferred
by Borrower without Lender's prior written consent. excluding fa) the crcatan of a lien or encumbrance subordinate to
this Mortgage. (b) the creation of a purchase mcurep security interest for household appliances, (c) a transfer by devae,
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
rat containing an option to purchsse, Lender may, at Lender
s option, declare all the sums secured by this Mortgage to bt
immediately due and payable. Lender shall have waived Berth option to acx:ekrate if, prior to the sale or transfer. Lender
and the person to whom the Properly is to be sold or transferred reach agreement in writing that the etedit of such person
is satisfactory to Lender and that the intenKt payable on the sums secured by tha Mortgage shall be at such rate as Lender
shall request. if Lender has .waived the option to accelerate provided in this paragraph t 7, and if Borrowers successor in
interest has executed a written sswmption agreement accepted in writing by Lender. Lender shall release Borrower from all
obljgations under this Mortgage and the Note.
if Lender exercises such option to accelerate. Lender shall mail Borrower ratite of acceleration in accordanc-t with
paragraph 14 hetnof. 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 such arms prior to the expiration of such period.
Lender may, without further notice or demand on Borrower, invoke any remedies permitted by paragraph 1 g hereof. •
NoN-Ut+tt~rrt~r Covertatwrs. Bort~nwtr and Lender further covenant and agree as foBars:
If. AecdeatMr~ Rewedla. E:cent s proriaed iw rsragrarh 17 tiered, error >sornwes's isesA e+f ay eel w
agreeemeat a1 isnwwer d rib Mortgage, tie eoerrssts to pay viers ice dap stns scerrci ti ells Meetgage. i~nier
crier M aeeNeratl.. s~a~.tM1 wake to son~rrer s rrovlitd Iw rrrragrarlt 14 iersoF (1) tie irsaei: (s? tie setinr
s+psird N tarts wci ircaeld (3) s isle. dot lea tides 3• days trreat tie late tic rreNce i ssaici M IMrrswer, i7' wilts stags
iresei ttirM k errt~ aN (41 drat f'silrrc ro cwt wci treats e+r K ieforc tie sate srteiiei V tie corset rosy resell i•
aecda>ltlstt d tie Bert seetrrti i7' tYs Marfsage. tortelosrre h l~~L sri sale et tic h+srerty. Tart wetiee `
altar frttfier irtorrs •ort+ower of tie riRlrl to rehtatale after secekratbw ass tit rig1N to Brest iw tie fenerlowtt rrreesirrg
lie rtorexMeace of . icfatlk ~ dry Mier ietesee eat renewer fo acYekratlsr ari toreelsesore. g tie ieeaei b cwt ettrei M
er rtefos'e tie its arerifiti lr ate rstkt. t.erier st I.erier's e+ptiorr arty itelatk aN et tie arts stertci iy tW MsrigaRe M k
iwweiiateiy ire arts psysik wMisrt fustier demand awd rpsy forccltss rib Mesl~e }ikW prscteitag. I.endtr sii
Me ertidei a esreet its stags rr+octeiis* ar expcases of foretlosrre. lrelad6rg. in ant crustal M. rtrsasile stewrrer's Tess.
aai oats eat isc.-trertary tviieree, akstracts ari title report.
1!. ifos:rwa's R~it t. Rdrtate. NotwithstandinE Lenders sceekration of the sums secured by thrs Mortgage,
Borrower shall have the right to have any proceedings beE•trn by Lender to enforce this Mortgage discontinued at any time
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