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Ltrder's written agre4tment or appucalit3 jgri'' BorrowefAtt~t~ }cry the amount of all morlgages insurance ptemiwns is the }
manner provided under paragraph 2 hhroof.
. Any amounts disbursed by [_ender pursuant to this paragraph 7. with interest thereon, shah becorrre 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 tender to Borrower requesting payment thereof, and shall bear interest from the
date of disbursement at the rate payable from time to time on wrtatanding principal under rice Note tmkss payonatt of
interest at such rate would be contrary to applicabk law, in which event such amounts shag bear interest at tha highest rate
permissible under applicabk law. Nothing contained in this paragraph 7 shall require Lender to incur any eapwae a take
any action hereunder,
g, Iwspcctiow. l.endtr may make or cause to be n?ade reasonable entries upon and inspections of the Property. provided
that i.ender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to I.ewder'a
interest in the Property.
9. Cowdewttalbw, The proceeds of any award or claim for damages, direct or consequential, in eonneetiott with any
condemnation or other taking of the Property, w pan thereof, 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 Properly. 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 Properly. unless Borrower and Lender
otherwise agree in writing, there shall be applied to the sums secured by this Mortgage such proportion of the proceed:
as is equal to that proportion which the amount of the sums secured by this Mortgage imrrrediatcly prior to the date of
taking bears to the fair market value of the Properly immediately prior to the date of taking, with the balantx 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 tD make
an award or settle a claim for damages. Bc?rmwer fails to respond Io Lender within 30 dsys .after •the date such rrotioe is
mailed, Lender is authorized to collect and apply the proceeds. at tender's option, either to restoration or repair o[ the
Property or to the sums secured by this Mortgage.
Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principa! shall not extend
or postpone the due date of the monthlyinstallments referred to in paragraphs 1 and 2 hereof or. change the amount of
such installments. i
10. Iorrower Not Released. Extension of the time for payment or modification of amorliution of the surge secured
by this Mortgage granted by Lender- to any successor in interest of Borrower shall not operate to ukase, in any manna,
the liability of the original Borcower and Borrower's successor in inter+at. Lender shall not be required to cormmenoe
procaedings 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. Forbearsace by Lender Not s waiver. Any fort+earance by Lender in exercising any right or remedy heretmckr, or
otherwise afforded by applicabk law, shall not be a waiver of or preclude the exercise of any such right or r+nrtedy.
The proctrrcment of insurance or the payment of taxes or other liens or charges by Lender shall not be a waiver of Larder's
right to accelerate the maturity of the indebtedness secured by this Morlgagt.
12. Rewtedks Carwaialf~t. All remedies provided in this Mortgage art distinct and cumulative to any other right or
remedy under this Morlgage or afforded by law or equity, and may bt exercised concurrently, independently or successively.
13. Soeeesaors swd Asidgas Dorrwd: Joht and Several i3abiitiy; Cappows. The covenaa~ and agreetnrnts herein
contained shall bind, and the rights hereunder shall inur•g to. the respective successors and assigru of Lender strd Bortovver.
subject to the provisions of paragraph 17 hereof. Ali covenants and agreements of Borrower shall be joir~ and several.
The captions' and headings of the paragraphs of this Mortgage are for convenience only and are not to lie usM to
interpret or define the provisans hereof.
14. Notkt. Except for any notice required under applicabk Isw to be given in another manner, (a) any notice to
Borrower provided for in this Mortgage shall be given by mailing such notice by certifltd mail addressed to Borrower at
the Properly Address or at such dhcr address as Borrower may designate by notice to Tender as provided heron, and
(b) any notice to Lender shall he given by certified mail. return receipt requested. to Lenders addreu stated herein or to 1
such other address as Lender may designate by notice to Borrowtr 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 heron.
1S. Uwlforar Mortgage: Governing Law; Sevtrab0ity. This form of mortgage combing uniform covenants for national
use and rron-uniform covenants with limited variations by jurisdict' to constitute a uniform security instrumrnt covering
real properly. This Mortgage shall be governed by the law of the ~isdittion in which the Property is located. In the
event that any provision or clause of Chic M~Qrtgage or the Nnte conflicts with applicabk law, such conflict shag not al[ect
other provisions o"f this Mortgage or the ore which can be given effect without the conflicting provisan, and to this
end the provisions of the Mortgage and the Note arc declared to be severable.
lf. iorrower's Co'y. Borrower shall be furnished a conformed copT• of the Note and of this Morlgsge at the time
of execution or after recordation hereof.
17..Trawder of tre tro*erty: Awwtnptiow. 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 fal the creatan of a lien or encumbrance subordinatt to
this Mortgage. (b) the creation of a purchase money ucurity 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 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 to be colt or transferrtd reach agreement in writing that the credit of such person
is satisfactory to Lender and that the interact payable on the sums secured by this Mortgage shall be at arch raft as Leader
shall request. it Lender has waived the option to accelerate provided in this paragraph 17, and i[ Borrowers successor in
interest has executed a written auumption agreement accepted in writing by Lender. Lender shall rtlease Borrower tram all
obligations under this Mortgage and the Nott.
If Lender exercises such option to accelerate, Lender shall mail Borrower notice' of acceleration in accot•danc-c wirh
paragraph 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: wms declared due. If Borrower fails to pay-such sums prior to the expiration of wch period,
Lender may, without further notice or demand on Borrower. invoke any rcmedia permitted by paragraph Ifi hereof. i
No>r-UNtFOa>wt CoveHetvts. Borrower and Lender furlher covenant and agree as follows:
li. Acettksatioai Reweifes. L:cep as pr+ovidtd iw pragrarM 17 rtrrts/, trpw Isorrawer's Meech et aq covewawt K i
agreesewt of Iferrower b trb Mortga~,lwclodhtg the eorewanta to My when doe awy sags stxorei by trls Morgpige. i.ender
prrx a aecderatlow sfi rwW wotke to lorrower as povWed In pragrapM 14 recce[ yeclt~fag: (1) flee Mtwxi; (2i ere setMw
reriaird b cwre saver Meaek (3) a da~1e, wet less tract 30 days 6Ww ere Gate ire wotice r twaYed M BeerowK. r7' wrier Boer
Mwcr attest M e»redy awti trot faigtra to cure street Mescr a or rdorc ere date q~iei V ere wotke wray r+estdt b
seederMlsw of Ire asr serwrrd b' tri's ~ ti joraieial poetrediwg arttl gate M ere h+operty. The wetiee
arai fttrtrer idortw leorrrrwer o[ ere right to reirMate titer secderadow awry ere right b avert i• ere torsekare prseeeig
lire wow•e:Mewce at a detawlt or awy otres• defense of lorra+et• fo wcceleratlow swti tore+elowra N ire Meaer is wM eorW ew
or rdore ere dale speeliei `trt wotlce. Lewder at Lender's optiow asst' deertre ar of pre trrrtta s~wei ti Air Mo.i~aRe to re
iwrmeiWely dwt awd pwyaMe wliroot tarirer demand and wtay tatelose tr4 Mortgage r7' jwtlkY ~rots~dlaf;. Lender•drap
re ewdtloi to teYset `Hoer sw a:'cases at forecloswe. iwelriirtg. rut ¦M pwtife/ 4, rewniie sttweer's fen.
ant rsats of iae..~tewtary eridatce, arstrwets arts title repro. •
1f. •orrs~wa's Rijlrt to Rsiwatatt. Notwithstanding. Lenders aotxkration of the sums secured by this Mortgage. t
Borrower shall have the right to have any proceedings begun by Lender to enforce this Mortgage discontinued at any time
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