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• 'Lender's written agreement or applicable law. Borrower shall pay the amount d all mortgage insurance prgriuaa is the
rrrsntl~r provided under paragraph 2 heroof.
Any amounts disbursed by Lender pursuant to this paragraph 7. with interest thereon. shall becorrre additional
indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of paymeM• such
amounts shall b~ payable upon notice from Lender to Borrower requesting payment thereof, and shall bear interest from the
date of disburserrrent. at the rate payable from tune to time on aft:landing principal under-the Note urrkss paj~toeat of
interest at :uch rate would be contrary to applicable law, in which event such amounts shall bear interest at the highest tale
permisaibk under applicable Iaw..Nothing contained in this paragraph 7 shall require Lender to iactrr aoy exlense ar take
any action hereunder.
8. Irts'ecMer, Lender may make or cause to be made reasonable entries upon and inspections d the Property. provided
that Lender shall give Borrower notice prior to any such inspection spxifying reasonable cause therefor related to Larder's
interest in. the Property.
9. Cowaewrrbtiow. The proceeds of any award or claim for damages, direct or rnnsequential, in connecdow with awy
condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation. gyre hereb)? assiped
and shall be paid to Lender. { ~ ~ 1 1 : • t '
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, it any, paid to Borrower. in the event of a partial taking of the Property. unless Borrower and Leoder
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 d
taking bean to the fair market value of the Property immediately prior to the date of taking, with the balarroe d the q+ooeeds
paid to Borrower. ~
if the Property is abandoned by Boy:ewer, or if. after notice by Lender to Borrower that the eondemrror oRers lD make
an award or settle a claim for damages, Borrower tails to respond to Lender within 30 days after the date such notice is
mailed, Lender n authorized-to rnllect and apply the proceeds, at Lender's option, either to restoration or repair d 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 aarouM d
such installments.
lt. Derrower Not Relesned. Extension of the time for payment or modiAcation of amortization of the errors 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 Bon+oweT and Borrowers successors in interat. Lender shall not be required to commence
proceeding 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 Borrowers successors in interest.
11. Forbearawce yr Lewder Not a Wainer. 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 of trnredy.
The procuremenC 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 Mortgage.
l2. Rew~eiks Cwwdali~e. -All remedies provided in this Mortgage an; distinct and cumulative to any dher right or -
rcmedy under this Mortgage or afforded by law or equity, and may be exercised concurrently, independently or wooessively.
13. Sreceasas aryl Assigas band: Joint awl Several i.iabirly; Captiows. The covenants and agreeanents herein
contained shall bind, and the rights hereunder shall inurr to. the.rapective auocessors and assigns of Lender sod Borrower.
subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be joint} and several.
The captions' and headings of the paragraphs of this Mortgage arc for convenience only and an rrM to tk used to
interpret or define the provisans hereof.
11. 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 certified mail addressed to Borrower at
the Property Address or at such dher address as Borrower may designate by notice to i.ender as provided herein. and
(b) any notice to Lender shall he given by certifikd mail. return retxipt requested: to Lenders addreu stated herein a 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 tp have been given to Borrower or Lender when given in the manner designated herein.
lS. Uwiforsw Mortgage: Goverwiyt Law: StverabWty. This form of mortgage combines uniform oorenants for national
use and non-uniform covenants with limital 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 aUect
other provisions of this Mortgage or the NMe which can be given eQect without the eonAicting provision. and to the
end the provisions of the Mortgage and the .Note arc declared to be severable.
~ li. Sonrower's Copt. Borrower shall be furnished a conformed copy' of the Note and d this Mortgage at the time
i of execution or after recordation hereof.
17..Ttrawster of the Property: Asewrptiow. if all or any part of the Property or an interat therein is sold or transferred
E by Borrower without Lender's prior written consent. excluding (al the creation of a .lien or encumbrance subordinate to
this Mortgage, (b) the crcatton of a purchase money security interat 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 interat of three years or less
E not containing an option to purchase, Lender may, at Lender s option, declare all the sums secured by this Mortpge 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 sold or transferred ranch agreement in writing that the credit of such person
~ is utisfactory to Lender and that the interact payable on the sums secured by this Mortgage shall be at such rate as Lender
4 shall request. 1[ Lender has waived the option to accelerate provided in this paragraph 17. and i[ Borrowers successor in
~ interat has executed a written assumption agreement secepted in writing by Leader. Lender shall release Borrower from all
obljptions under this Mortpge and the Nee.
If Lender exercises such option to sccekrate, Lender shah mail Borrower notice of accxlention in accordanc-c with
paragraph 14 hereof. Stitch 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 parasraph IR hereof.
Not+-UtrtFOanr t^ovErtat~rrs. Borrower and Lender further covenant and agree ss follows:
li. AceeksatistK Reasediss. E=ceM as N'ovMed i• MragraM 17 Hereof. aMrr ¦orrrtwds kseaer sf nary c~.errwt K {
agreeaxat ai Mrrrawetr i• tW Matgage, tie eorenawls to Hwy wAew fire ry rttswrs sterrei H7' IHi Marlgags. I.eniet
s prior is aeeslesaiisn sHar asN rotlce a >sotrrawer at: proritter a ~ragn/H 11 Hereof s~e,;itylagr (1)1M Hrewel~ the sxtl.w
re~riei M ew: sreH iRaek (3) • tats. riot 4ss draw 3s days trorr tHs date the wMiee r waBsi M Mrrwer. Hy wHieH stet
HreaeH ..t He cr:e~ alai N) tHae tsilrre a erne atseH Hreaxir oa K Hetess the date sNeRetl r the notice ¦rn resit V
aea+eieralfeo d the carts sserrei Hy tHis Marlgsge. taredowre b i~ N'Kas~ rwi sale rt eHe >rre*erty. 7irr watke
k sHsi< frstier irJrras >sernwer of the right N eeiwNate after seesieratlow a~wi tie rlgM N asseA i• the teserisswe psreeetltrg i
be wow~rdstaee at a idark or eery otHer,etersc of torrower to aecekrdi.w awl tsrseioatrre. r fire HreaeH r r.t ewes M
or 6daY the iNs getlBsi r the wotice. Lewder st I.ewier's option tray ~eeiase ai at tHt star seawei y this MestB,alpe t. k
irrtwe~istely dre.awtl p>yaMe witHort ftsrtMer rewaad awn farrtlest grls Mer~aga }ikW M'sessiaR. Lender sHaB
He estfitled a career Ir atnsi prreetiias d espewses of toredosrre, iwelrtlla~. Hrt yet >irritstl M. reasarraHis ritwaep'a tea.
art arNs of ieeitr~rhry evidewee. aiArscb awl titlt reMrls.
t 1!. Isorrrrwa s Right b Rsirslate. NotwithstandinE Lenders aoakration d the sums scarred by thy! Mortgage. {
€ Borrower shat{ have the right to have any proceedings begun by Lender to enforce this Monpge discontinued u any time j
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