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Lender's written agreement or applicable law. Borrower shall pay the amount of all .mortgage insurance premium: in the
manner provided under paragraph 2 heroof.
~ Any amounts disbursed by I~nder pursuant to this paragraph 7, (l.. tt~ f>lereon, shall become additional
indebtedness of Borrower secured by this Mortgage. Unless Borrower and Cende~ agree to other terms of payment. such
amounts shall be payable upon notice from !.ender to Borrower rogtresting payment thereof, and shall bear interest ir+om the
date of disbursement at the rate payable from time to tithe on attstanding principal under the Note unless pa'yrneat 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 Linder to incur say ezpetae or fate
any action hereunder.
ll. Iws~cetioa. Lender may make or cause to be made reasonable entries upon and inspediorrs of the Property. provided
that Lender shall give Borrower notice prior la any such inspection specifying reasonable cause therefor related to I.errders
interest in the Property.
9, Cotsdewastbw. The proceeds of any award or claim for damages. direct a rntuequential, 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.
in the event of a total taking of the Property. 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 Property. unless Borrower and Leader
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 amarnt of the sums 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 condemnor oRers to mate
an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date such rrotioe is
rrrailea, Lender is authorized to collect and apply the proceeds.- at Lender's option, either to restoration or repair d fife
Property or to the sums secured by this MortRatte. .
Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend
or postpone tlw due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount d
such in.tallments.
14. borrower Not Rekssed. Extension of the time for payment or modification of amortiution of the sums secured
by this Mortgage granted by Lender to any successor in interest of Borrower shall not operate to release, 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.
11. Forbearawce by Lewder Nof s waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or
otherwise aRorded 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 Lender's
right to accelerate the maturity of the indebtedness secured by this Mortgage.
12. Rewedies Ctwwbdite. All remedies provided in this Mortgage are 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 sucoessiveiy.
' 13. Saeeessors awd AsdRws Dosed: Joint sad Several i.isbiNfy; Capfisas. The covenants and ,agreements herein
contained shall bind, and the rights hereunder shall intrrp to, the respective successors and assigns of Lender apd Borrower.
subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be joiry and several.
The captions' and headings of the paragraphs of this Mortgage arc for convenience only and arc not to tfe used to
interpret or define the provisions hereof.
11. Notke. Except for any notice required under applicable law to be given in another manner, (a) any notice to
Borrower provided for in this Mortga¢e shall be given by mailing such notice by certified mail addressed to Borrower at
the Property Addttiss or at such other address as Borrower may designate by notice to Tender as provided hercSn, and
(b) any notice to Lender shall he given by certified mail. return receipt requested. to Lenders 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.
1S. UrriEorw Mortgage: Governing Law; Severab0ity. This form of mortgage combines uniform covenants for national
use and ran-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 or the Note conflicts with applicable law, such conflict shall not affect
other provisions of this Mortgage or the Note which can be given eBect without the conflicting provision, and to this
end the provisions of the Mortgage and the Note are declared to be severable.
16. 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.
17..Trswsfer of the Pw~erty: Assrrwptiow: if all or any part of the Property or an interest therein is sold or transferred
j by Borrower without Lender's prior written consent, excluding (a) the crcatan of a lien or encumbrance subordinate to
I this Mortgage, (b) the crcatron of a purchase money security interest for household appliances, (c) a tnpsfer by devise,
descent or by operation of law upon the death of a joint tenant or 1d) 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 arch option to accelerate if. prior to the sale or transfer, Lender
` and the person to whom the Property is a~ be cold or transferred 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 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 assumption agreement accepted in writing by Lender. Lender shall release Borrower from ail
oblijations under this Mortgage and the Note.
If Lender exercises such option to accelerate. Lender shall mail Borrower notice of accekntion in accordanrc 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 expiation of such period,
Lender may. without further notice or demand on Borrower, invoke any remedies permitted by paragraph 1R hereof.
Now-Uwrt=ottut Covewawrs. Borrower and Lender further covenant and agree as follows:
li. Aeeeleaatio~ Rewfeifes. Escept ss provhiea i. p~uagraph 17 hoed, wpw borcrwec's Mtraeb d say ce~eaaN K
agretwewt d botrewer b tbb Mortgage, Iwebiirrg the covewawfs to ~.y when doe ..y saws aectrei b tlrb Mertgags. I.ewier
priory to steekratlow shall mail aotke to Dorrrwer ss pro•NN M'aragra'h 1/ hered speclt>t~s (1) tfc Meech: (2) the sttiow
te~wirei M care web Meaeb; (3) • vale. cot ks thaw 3t says trorw the isle Ibe Nike b tNYei b harrower. i7' whkb event
ieeaeb wart be ttt~ std (4 that tsilrrre N etue wch Mweb oa or before the late geciiai r the Nike ay rresalt V
aeederatiew d the wale seeanei by fhb MorlgaRt. faes~owre b jaekW p+oeaeifag awl sale d the hoperty. Tire welico
that futlrer hJorw borrower d trt right to reiwdNe.aHer seeekntbw awl ttie rlgbt b avert b the for~eeiwwre proeeeiiag
the wow-e=Mewee d s ietawk or awr other ief~e of borrower to secekrNbw awl toreelowre. N 8re M~each b wN cwti ow
or Miore the isle geeiiei i¦ the wotire. Lewder st I.ewder's optiow way declare r d the tows sretrrei by tbb MatpRe b be
iwafeiiwtely iwe awl py.hie wilboat tartha demand awe way fortrclae thfr Meetgagt by }ikW w'ateeiirrl. Leedcr ahai
be eatMlei N eobeet fp web preesedisg a/ a:peaces of forechrotrc. bchtdiag. bwt wM Bwitei N, t+estatahie sttwser's ft~es.
awl casts d ioer:~ewtsry eviiewee, ahstracb awl lick rcprts.
1!. bonowp's Rrglrt t. Reiwotate. Notwithstandintt Lenders acoekratiat of th_e sums secured by thre 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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