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Lender's written agreement or applicabk law. Borrower shall pay the amount of all mortgage insurance premium: in the
manner provided under paragraph 2 hereo[.
Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shall become additional
indebtedness of Borrower secured by this Mortgage. Unless Borrower and I.endcr agree to other terms of payment. such
amounts shall ere payable upon ncuice from !.ender to Borrower requesting payment thereof, and shall bear interest from ttte
date of disbursement at the rate payable from time to time on outstanding principal under the Note tmkss pa~rrtttxtt of
interest at such rate would be contrary to applicabk law, in which .event such amounts shall tear interest at the highest rate
permissible under applicabk law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
any action hereunder. -
s. Itttttpectios. I.cnder may make or cause to be made reasonable entries upon and inspections o[ the Property. provided
that i.ender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to LatdePs
interest in the Property.
9. Cowdewtssatioa. The proceeds of any award or-claim for damages, direct or consequential, in connection writh any
condemnation or other taking of the Properly, or part thereof, or for conveyance in lieu of condemnation, are Ireteby staigned
and shall bt paid to lender.
in the event of a total taking of the Property. the proceeds shall lye applied to the sums secured by this Mortgage,
with the excess, if any, paid to Borrower. to 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 proceeds
as is equal to that proportion which the amount of the sums secured by this Mortgage immediately prior to the date of
taking tzars 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 Borsower, or if. after notice by Lender to Borrower that the con_ demrror oRers to make
an award or settle a claim for damages. Borrower fails to respond to i_ender within 30 days after the date such notice is
mailed. Lender is authorized to collect and apply the proceeds, at I~nder's option, either to restoration or repair of ibe
Property or to the sums secured by this Mortgage.
Unless Lender and Borrower otherwise agree in writing. any such applicatitm 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 of
such installments.
la. Eorrower 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 intereu of Borrower shall not operate to reksse. in any manner,
the liability of the original Borrower and Borrower c successors in interest. Lender shall not ere 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 arty demand made by the original Borrower and Borrower's successors in interest.
11. Forbearswt:e by Lender Not a Waiver. Any fott+earance by Lender in exercising any right or rcrnedy heteurtder, 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 Lenckr shall not be a waiver of-Lender's
right to accelerate the maturity of the indebtedness sccttrcd 6y this Mortgage.
l2. Reasedies Catatatirrt. 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 concurrently. independently or suceestivtly.
' 13. Swccessors sad Assigns Bound; .Joint sad Several iartbittty; Captions. The covenants and agreements herein
contained shall bind, and the rights hereunder shall inttr~ to. the respective successors and assigns of Lrndtr acrd Borrower.
subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be jolty and several.
The captions' and headings of the paragraphs of this Mortgage arc for convenience only and an not to tie 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 p;ovided for in this Mortgage shall tx given by mailing such notice by certifkd mail addressed to Borrower at
the 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 he given by certified mail. return receipt requested. to [.rnder'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 shal{ be deemed to have been given to Borrower or Lender when given in the manner designated herein.
1S. Uaiforw Mortgage: Coverairtg Law: Severabitity. This form of mortgage combing uniform covenants for national
use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform sxurity instrument covering
real property. This Mortgage shall be governed by the law of the jurisdiction in which the Property is located. In the
f event that any provision or clause of this Mortgage or the Note conflicts with applicabk law, such conflict shall not aflfei`t
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 tx severable.
16. l3orrowet's Copy. Borrower shall be furnished a conformed cop~• of the Nott and of this Mortgage at the time
of execution or after recordation hereof.
~ 17..Trstsster of the Property: Assnmptioa. Tf all br any part of the Property or an interest therein is sold or transferred
by Borrower without Lenders prior written consent. excluding (al the creation of a lien or rncumbnnce subordinate 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 ttte sums secured by this Mortgage shall be at such rate as Lender
shall request. if Lender has waived the option to accelerate provided in this paragraph 17, and if Borrower's successor in
interest has executed a written auumption agreement accepted in writing by Lender, Lender shall release Borrower from all
obligations under this Mortgage and the Note. -
lf Lender exercises such option to accelerate, Lender shall mail Borrower notice of acceleration in accordarxw with
pangnph 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. (f Borrower fails to pay such sums prior to the expiation of such period,
Lender may, without further notice or demand on Borrower, invoke any remedies permitted by par~raph 18 hereof.
Norv-UNrrortst Covt=.rrerrrs. Borrower and Lender further covenant and ogres as fellows: '
li. Accderattow; Retstedia. E:tep1 as provided is prttgrapr l7 rerteof. typo Sosrowetts bseaer of oar ceewawt K
agreemeat of Borrower b tfd4 Motrtga6c, bsctttdittg ere covewsafs to pr wrtrw iae awr sssas seetsrett ?1? tuts Mor>Rage. Levier
6 prbr b aetekratba sraM sway wotke to llbnower ss provfded b paragrsplt 14 rereof ttpetltrl¦~: (1) the bseaer: f=wrkr strcr
rgMlsed b care swclt beach; (3) a date, wort less tram 30 days trotw ere daft ere tsotice r ~ fe ljerertwer. ~
bseaer astrt b: cstrei; sad (4) trot fsittrro Io ctsre sttcr treaty ow or before ere date speeYei iM ere wwiee rosy testtlt d
wcceksaliest of Ibe say sectsrd br trk MotRSaRe. tortaiostrrt br judicial proceednag tttd sale oft trc Property. Trt wotiet
t stall ttsstrer iwfotnw dorsower of ere right to refattste after acaelesatiow swd ere si=lt! b atrcrt iw ere forteiowrs psotsedflw~
1
ere wow-exWtace of a rctawk or gay otter ddcwse of Borrower to sccekratbw swd toreelowsre. N Ire beach Is rust ea+ei aw
a before ere dale speeiiiei b ere stwtiee. Lewder at Leader's optiow tar ieclass a>t of ere arras stetsretl ~ Irit MettgaRe tMS k
MsrwcdWtlr dreg awd praMe witroN ttsstrer demand and sear taeclott this Motrlgags ~ jtstlieW psoeeedfaR. Lender srtN
be ew[itler to eotieet tw welt proeet~stg aN a:pesses of foreclosrtte. isscltsditsg. 6stt vat ~ too. reaaowabit stt.~rseYs fees.
awl s:oa4 of tfotsc.~sewlarr eriiewce. abstrscb artd tick ttipets.
1!. Isonowes•s Rlglrt to Reiadate. Notwithstanding Lenders acceleration of the sums securted by this Morttsge.
Borrower shall have the right to have any proceedings begun by Lender to enforce this Mongage discontinued at any tune
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