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Lender's written agreement or appliciblb'1~M. Borrosfr~lfr~l pay the amount o[ all mortgage insurance ptemiuma in the
manner provided under paragraph 2 hereof.
Any amounts disbursed by Lender pursuant to this paragraph 7, with interest theremr, shall become additional
indebtedneu of Borrower secured by This Mortgage. Urakss Borrower and Lender agtiar to other tertas of paytneM. such
amounts Shall be payable Upon noliCt frelfn T.ef,der t0 BorroWer roquesling payment thereof. and shall bear interest testa the
date of disbursement, at the rate payahk from tutu to time on artstanding principal under the Note unless ps~rraeot of
interest at such rate would be contrary to applicable law, in which event xuch amounts shag bear interest at flee highest rata
permiaaibk under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
any action hereunder.
s. iss}ectieo. Tender 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 Lender's
interest in the Property.
9. C~ The proceeds of any award or claim for damages, direct or rnnsequeatial, in connection wntlr say
condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnatia?, an hereby assigned ,
and shall be paid to Lender.
In the event of a total taking of the Properly. the proceeds chap be applied to flee strmtidctitRed by this Mortgage.
with the excess, if any, paid to Borrower. In the event of a partial taking of the Property. unless Borrower and Leader
otherwise agree in writing, there shall be applied to the sums secured by this Mortgage such proportion of the prooeedt
as is equal to that proportion which the amount of the sums secured by this Mortgage immediately prior to the date of
taking bears !o the fair market value of the Property immediately prior to the date of taking, with the balance of the proceeds
paid to Borrower.
Tf the Property is abandoned by Borrower, or if. after notice by Lender to Borrower that the oondemttor offers to make
an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after -the date such notice b _
mailed, Lender K .authorized to collect and apply the proceeds, at T.render
s option, either to restotatioa or repair of the
Properly or to the sums secured by this Mortgage. -
Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal ship not extend
or postpone the due date of the monthly installments referred Io in paragraphs 1 and 2 hereof or change the amount of
such installments.
id. lorrower Not Released, >;xtension of the time for payment or modification of amortization of the versa sectrreed
by this Mortgage granted by Lender to any successor in interest of Borrower shall not operate to reksse, in any manner,
the liability of the original Borrower and Borrower's successor 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.
I1. Forbearawcr by I.ewler Na a Waiver. Any fort+earance by Lender in exercising any right or remedy hereunder, or ~
otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such right or rerrredy.
The prociercment of insurance or the payment of taxes or other liens or charges by Lender shall not bt a waiver of [.enders
right to accelerate the maturity of the indebtedness secured by this Mortgage.
12. Rewaedks Cerselatltre~. Ali rcrrtedies provided in this Mortgage are distinct and cumulative to any other right a
remedy under this Mortgage or afforded by law or equity, and may be exercised concurrentty, indeperadetatly or successively.
13. 3weeearors awd AsaiRas dorrwd: JoMt sal Several T.iabi>Iify; Ca*liows. The covenants and agreemnts 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 f 7 hereof. All covenants and agreements of Borrower shall be joiref and several.
The 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. Notke. 13zcept for any notice required under applicable law to be given in another manner. (a) any notice to
Borrower provided for in this Moriga¢e shall be given by mailing such notice by certified mail addressed to Borrower at
flee 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 be given by certified mail. return receipt requested, to Lender's sddress stated herein or to
such other address as Lender may designate by notice to Borrower ss provided herein. Atry notice provided for in this
Mortgage shall be darned to have been given to Borrower or Lender when given in the manraex designated herein.
1S. _ Uaifors Mortgage: GoverwiwR l.arr; Seversb0ity. This form of mortgage combines uniform covenants for naiiw.al
use and nonuniform covenants with limited variations by jurisdiction to constitute a unitotm 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 with applicabk law.-such conflict shall not affect
other provisions of this Mortgage or the Note which can be given etTect without the oonAicting provision, and to this.
end the provisions of the Mortgage and the Note arc declared to be severable.
14. flbrrower's Copy. Borrower shall be furnished a conformed cop)• of the Note and of this Morigsge at the time
of exaution or after recordation hereof. -
- 17..Trawster of the Property; Asaasptiow. 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 creation of a purch3a 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 ytan or less
not containing an option to purchast, 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 ro accelerate if. prior to the sale 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 satisfsetory to Lender and that the intert~st payable on the sums secured by this Mortgage shall be at such rate ac Lender
shall request. Tf 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 Lsnder, Lender shall release Borrower from all
obijptions under this Mortgage and the Note.
If Lender exercises such option to accelerate. Lender shall mail Borrower notice of acceleration in sccordara~-c with -
paragaph 14 hereof. 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 faits to pay such sums prior to the expiration of wch period.
Lender may. without further noticx or demand on Borrower, invoke any remodia permitted by paragraph 1R hereof.
Norr•Ut+trottnt Covt=.rtsnrrs. Borrower and Lender further covenant and agree b follo+rs:
li. Acederatlraer Resoles. iFaree}t •'rsvllo irr /snrgrapb 17 bereot, trpw >ssrnwera baswela d aeq eoverrawt er
agrraewrart d lisrrswer r Uaia Mortgage. iwchrlisg the cotreaaarats to py whew tree awy sttsa setwrsi by tYa Msrlgage. iewler
prier N aeeeierstlow alas/ ssN wake N liorrswer ss'rovilo hr Mratraptt 14 tiered speeltyisgs (1) fbe brtiacla: the setfow '
rgwlro N care streb breach; (3) • ev1e, wet less tram 3f lays trove the late tl~e weatke fat ua~el N)•snower. Y)r wbleb strcb
breweb avert be e~ awl (n drat fialwrr; N ewre at+cb brrseb cave ear before the late apeeNei r the wake say ressM fee
acreleratlsw d the revert ascwo by Nais Mortgage, torerAowre hr jwdkhl procec~ avert sale d the Property. Tfae wake
tAi twrlber iwtona )fornwer d the rIRM N reiwitMe after scceTsratiow area eke rigW N aat+ert it tier tor+eelsswrte ~~eeitrg
ee .ow~e:l.tewee d. iefawk or aeay other eletewae d sorro..er N wccekraeiaw awl torscloatme. B fire breach r a»t c.ro «r
or blare flea iNe s*exfiai v flee taafee.lLewler at t.esler's o~1Mw say leelare all eat the w. asewrsl by tbla MerryptRe N be
iwawreila/ety [veer srrel ~wysMe wltbort twrtlaer ltmasd awl waay tsreelose tbfti Msrtgtt:e by ~ /rsesteMeaR. I-ender drt~
be ewlNki N esiett V aweb rroeeeliwg ai espesses d foreclaswr+c. Iwe:lwliag. best art flailed N. reaaewabk sttxser'r fee.
awl e:argr d ioeutweMary erMewes, abotraels awl tint: eeprb.
19. Bsrsrwa's Rfgbt N Reirlata Notwithstandintt Lender's st:cekration of the sums secured by thn .Mortgage,
Borrower shall have the right to have any proceedings begun by Lender to en(o-a this Mortgage discontinued at any time
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