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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 dislxirsed by Lender pursuant to the paragraph 7, with interest thereon, shall become additional
indebtedness of Borrower secured by This Mortgage. Unless Borrower and Lender agree to other terra of payment. wch
amwtnts shall be payable upon notice from Tender to Borrower requesting payment thereof, and shall bear interest fraw the
date of disbursement at the rate payable from time to time on outstanding principal under the Note unless payment 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 ettpeaae or take
any action hereunder.
>L Idpectiow. Lender may make or cause to be made reasonable entries upon and inspections o/ the Property. provided
that Lender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lptda's
interest in the Property.
9. Cowderwwsfba The proceeds of any award or claim for damages, direct or rnnsequential, in connection with any
condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation, arc hereby assigned
and shall be paid to Lender.
1n the event of a total taking of the Property, the proceeds shall be applied to the sums secured by> this NatSage,
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 ptooteds
as is equal to that proportion which the amount of the same 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 of the proceeds
paid to Borrower.
If the Property is abandoned by Borrower. or if. after notice by Lender to Borrower that the condemrror oQers to snake
an award or settle a claim for damages. Borrower fails to resaond to Lender within 30 days after the date such notice is
mailed. Lender is authorized to collect and apply the proceeds, at Lender's option, either to restoration or repair o[ tie
Property or to the sums secured by this Mortgage.
Unless Lender and Borrower otherwise agree in writin~e, any such application of proceeds to principal shall not extend .
or postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount o[
such installments.
ld. eorrowcr Not Released. Extension of the time for payment or modification of amortization of the wrns secured
by this Mortgage granted by_ Lender to any successor in interest of Borrower shall not operate to release, in any manner,
the IisbilitY of the original Borrower and Bc?rrower'c successors in interest. Lender shall not be required to corrtrrtenoe
proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the sums
secured by this Mortgage by reason ofrny demand made by the original Borrower and Borrower's successors in interest.
11. Forhgrawce by Lewder Not a N?sirer. Any forbearance 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 remedy.
The procurement of insurance or the payment of taxes or other liens or charges by Lender shall not be a waiver of L.ender's
right to accelerate the maturity of the indebtedness secured by this Mortgage.
12. Rewxdks Cwrwwhtdtrt. 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 concurrrntly, independently or sutxessivefy.
' 13. Swccessors swd AseiRws litouwd:.Joiwt awd Sercral i.iabAiff; Captioss. The covenants and agreements herein
contained shall bind, and the rights hereunder shall inure to. the respective successors and assigrrs 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 Ile used to
interpret or define the provisions herrnf_
14. Notke. 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 ttrtifled mail addressed to Borrower at
the Property Address or at such other address as Borrower may designate by notice to Tinder ss 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 shall be deemed to have been given to Borrower or Lender when given in the manner designated herein. .
j 1S. Uwiforwr MortRs><e: Govcnring Law: Severability. 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 Chic Mortgage or the Note conflicts with applicable law, such conflict shslt not affect
other 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 are declared to be severable.
k lf. )<orrower's Copy. Borrower shall be furnished a conformed copy of the Note and of this Mortgage at the rinse
~ of execution or after recordation hereof. _
17..Trswder of the Property: Assnmptiow. 1f all or any part of the Property or an interest therein is sold or transferred
by Borrower without Lender's prior written consent. excluding (a) the creation of a lien or enwmbrance wbordinate to
this Mortgage. (b) the creation 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 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 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 as Lender
shall request. Tf Lender has waived the option to accelerate provided in this paragraph 17, and if Borrowers succeswr in
interest has executed a written auumption agreement accepted in writing by Lender, Lender shall release Harrower from all
obljsations under this Mortgage and the Note.
If Lender exercises such option to accelerate Lender shall mail Borrower notice of acceleration in accordance with
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 sums declared due. If Borrower fails to pay such sums prior to the expiration of such period,
Lender may, without further notice or demand on Borrower. invoke any remedies permitted by paragraph 18 hereof.
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Non•Uxtcortnt trovt=_tvetvrs. Borrower and Lender further covenant and agree as follows:
ls. Acedaatio~ Remedies. ~ Faceyt • proriaed b paragraph 17 lser~co% wlow Isaerowes'a rtseaei of awy corewwN er '
a~ree•ewt of lorrower ` tlJs Mortgage, iwehodiwg the corewawts to p.y whew dwe awy sttwss stewred b this Mortgage. Levier
/sior M aeeeleratiow spar wsaN wotlce to Borrower as ~ovNed iw pwragta/h 14 hereof speeftylwg: (1) the ireaeh: (2) the st:tbw
b etas swch ~h: (3) a date, wet less thaw 30 days ftrotw the date the wotke is waNetl N Ifaerower. Yy whki swei
Meaei wswM be etsred; awd (4) thM tailwre to stns such breach ow or before the date gaeltied i. the wotiee way resttftl b
aecekrMion of The- sttsws secwred by tbM Mortgage. faeAoswre b jwdkW praeeedfag awtl sale et The !rw'ertr. The wetiee
liar iwrTher iwfortw •orrower of the right to Mrsdalt wfttr aceekrMbw awes the right b assert i• the foettlaswre ~sotaeig
Tie wows:Mewce et a detswlr or awr aher detewse of Borrower to acceleraeiow awi torecioawre. H He breach is wN ewred ow
or heroes the dale geeiied i• the wotke. Lewder at I.ewder's opiow way declare ant of the ststws stetat:d ti fits MettgsRe w k
faaedWely dwe siwtl ~a6k without twrtha dernsna and way foreefose this Mortgage r7' jltsiieW yseteediwR. Lender shah
be ewtitletl to coYtet f• sstei pr+oceidiwg aft a:pewees of torecbswre. fwelwdiwg. bwt wN ~ilei M, seasownMe sttwwetrs fees.
awi swats of ioe`~y evidewee. attstraets awd tick repro.
1!. •orrowa's Rttht to ReiwNate. Notwithstanding Lenders acceleration of the sums secured by thn Mortgage,
Borrower shall have the right to have any proceedings begun by Lender to enforce this Mortgage discontinued at any time
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