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Lender's written agreement or applicabb law. Borrower shall pay the amount of all mortgage insurance preaaurns in the
manner provided under paragraph 2 hereof. .
Itny amounts disbursed by !_ender pursuant to tha paragraph 7. with interest thereon. shalt become additional
indebtedness of 6orrowcr secured by this Morlgage. Unless Borrower and Lender agr+oe to other terms of payment. such
amounts shall bt payable upon notice from tender to Borrower requesting payment thereof, and shall bear interest ft+aa the
date of disbursement at the rate payable from time to time on outstanding principal under the Note unless pj?trrent of
interest at such raft would be contrary to applicable law, in which event such amounts shall bear interest at the highest rate
permissible under appticabk taw. Nothing rnntained in this paragraph 7 shall require Linder to iacur.any expense or tike
any action hereunder.
fi. Iwspectiow. I.cnder may make or cause to be made reasonable entries upon and inspections of the Property.
that lender shall give Borrower notice prior to any such inspection specifying reasonable cause tlrercfor related to Lender's
interest in the Property.
9. Coademwatba. The proceeds of any award or claim tar damages, direct or eorrsequential, in eonrreetiott with say
condemnation or other taking of the Properly, or pan thereof, or for conveyance in lieu of condemnation, art 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 suths sparred by this Morlgage.
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 pr+octeds
as is equal to that proportion which the amarnt of the sums secured by this Mortgage immediately prior to the date of
taking bears to the fair market value of the Properly immediately prior to t?re date of taking, with the balance of the pr~ooeeds
paid to Borrower.
If the Property is abandoned by Borrower, or if. after notice by.Lender to Borrower that the condemnor oRtra tb make
an award or settle a claim for damages, Borrower faits to respond to Lender within 30 days after the daft such notice b
mailed, Lender is arithorized to collect and apply the proceeds. at Lender's option, either to testoraGon 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 shag not extend
or postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount d
such installments.
10. Borrower Not Released. Extension of the time for payment or modification of amortization of the sums secured
by this Mortgage granted by Lender to any successor in interest of Borrower shall not operate to release, en any manner,
the liability of the original Borrower and Borrowers successors in interest. Lender shall not be required to commence
proceedings against such successor or rctrrse to extend time for payment or otherwise modify amortization of the sums
secured by this Mortgage by reason of •rn.)r demand made by the original Borrower and Borrower's wccessors in interest.
11. Forbearance by Lewder Not a Wainer. Any fortrearance by Lender in exercising any right or remedy heretmder, or
otherwise afforded by applicable law. shall not be a waiver of or prcelude the exercise of any such right or ttirtedy.
The procurement of insurance or the payment of taxes or other liens or charges by Lender shag not be a waiver of Larder's
right to accelerate the maturity of the indebtedness waited 6y this Morlgage. .
12. Rearedies Cwarwlatire. All remedies provided in this Mortgage arc- distinct and cumulative to any other righC or
remedy under this Mortgage or afforded by !aw or equity, and may be exercised concurrently, independently or successively.
' 13. Swccessors sad Assigns boaad; John aai Seroral i.iabifiky; Captions. The covenant: and agreements herein
contained shall bind, and the rights hereunder shall inurg to. the.respoctive successors and assigns of Lender spd Borrower,
subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be joir~ and several.
The captions ~ and headings of the paragraphs of this Mortgage arc for convenience only. and are not to• be used to
interpret or define the provisions hereof.
14. 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 ceniflod mail addressed to Borrower at
the Property Address or at such other address as $ormwer may designate by notice to T~rrder as provided herein. and
(b) any notice to Lender shall he given by certified mail. return receipt requested, to Lender's address stated herein or to
such other address as Lender may designate by notice to Borrower as provided herein. Any notice provided for in this
Mortgage shalt be deemed to have been given to Borrower or Lender when given in the manner designated herein.
lS. UwNorar Mortgage: Gorcrnia~t Law: SererabAity. 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 ar the Note conflicts with applicable law, such conflict shall not affect
ocher provisions of this Mortgage or the Note which can be given effect without the conflicting provision. and to this
end the provisions of the Mortgage and the Note arc declared to be severable.
lea borrower's Cody. Borrower shall be furnished a conformed cop}• of the Note and of this Mortgage at the time
of execution or after recordation hereof.
l7..Ttnmdcr of the Property: Asswmptiow. if all or any part of the Property or an interest therein is sold or transferred
by Borrower without Lender's prior writrcn consent, excluding (al the creatan of a lion or encumbrance subordinatt to
this Mortgage. (b) the creation of a purchase money security interest for household appliances. (e) 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 yeah or less
rat containing an option to purchase, Lender may, at Lender's option, declare all the sums secured by this Morlgage to be
immediately due and payable. Lender shall have waived such option to sccekrate if, prior to tine sale or transfer. Lender
and the person to whom the Property is to be cold or transferred teach agreement in writing that the credit of such person
is satisfactory to Lender and that the interest payable on the sums secured by this Morlgage shall be at arch rate as Lender
shall request. Tf Lender has waived the option to accelerate provided in this paragraph 17, and if Bor'rower's successor in
interest has executed a written assumption agreement accepted in writing by Lender, Lender shah release Borrower from all
obligations under this Mortgage and the Note.
If Lender exercises such option to accelerate, Lender shall mail Borrower notice of accekntion in aeeordanc~ vrith
paragraph 14 hereof. Such notice shall provide a period of riot less than 34 days from the date the notice is mailed within
which Borrower may pay the wms declared due. If Borrower faits to pay arch sums prior to the capitation of wch period,
Lender may, without further troticc or demand on Borrower, invoke any remedies permitted by paragraph 1R hereof.
NoN-UNIFOat?r COVENANTS. Borrower and Lender further covenant and agree ss follows:
li. AcYderatiow; Rearedies. Eseepl • ~rovNod b ~aragra~ir 17 rereo% wpw borrrwesrs Its+raer of rl' torewawt sr
agreewrewt of bon+ower his Motrtgago. rselwdiag fire corewarrls to pay whew dwe :.y swwts stewrsd b bls Morlgage. iawder
ptrlor m aeeekratiaw shat rwail aotke to botrrower as'ro~ldcd Iw prapa'h 14 rereo[ s'etlfyisgs (1) bt Itrawcr; t21 ere aetiow
rgwired b twee swcr rreaer; (3) a data woe figs traw 3• days frown tbe,ate be wetke fi twwYod to botrrower. b wliikr swat
rr~aor ..at re ewrsd; awd (4) arse failwre to erwe ewer rraclr ow ar refers flee date geel/ed r the .otiee tway reswlM r
saekrMiow of the swwrs serasd r!' Kris Mortgage. forselonre h 3~~ Nit turd style of ere Property. Tire trNke i
anal fwrtrer iwforrrr borrower of fie right to reinstate after weteleratiow awd flee rlgrf b assert i• the tesselstpwe ~tscsaittg - ;
ere wowt:iNewce of a defwk or aq other defernc of borrower to acceleratiow aai toreeloswrt. K flee ireaer r woe etsred ew d
or before ere date specified V ere wotiee. R..errder at I.ewder's o'tlow wta7 dttlwrt a# of be ams seewred ti iris Mertggpt tr be
i.wreaiahly dwe treed paywHe ..itrnwt fwrtrer demand sad arsy foreclose tlds Motrtgrsge b jitrdlel.l pr+eeaedlwg. Lewder draN s
be ewtitled tfr tobset 4 twrer'roeeed6rg si expeaaes of forecloswrs, iwcrrdiwg. cwt that liraitsd es. reasswsile sttwsep's fees.
trwi teas a< doc.'taewtsr7 evidence. abNracts awd tick repro.
1!. borrowa's Rigrt to Refwate. Notwithstandin(t Lenders acceleration of the sums secured by thrf Morlgage.
Borrower shall have the right to have any proceedings begun by Lender to enforce this Mortgage discontinued at any time
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