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Lender's written agreement ox applicable law. Borrower shall pay the amount of all mortgage insuraaoe premiums in the
manner provided under paragraph 2 hereof. ? is • i i
Any amounts disbursed by !.ender purswnt to this paragraph 7, with interest thereon, ~ shall become additional
indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment. such
amowrits shall be payable upon nMice from !.ender to Borrower requesting payment thereof, and shall bear interest from the
date of disbursement at the rate payable from tune 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 expewe or fate
any action hereunder.
>k Iwspectiow. lender may make or cause to be made reasonable entries upon and inspections o>F the Property. provided
that Lender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Latdtr's
interest in the Property.
9. Cowdewtaatba, The proceeds of any aW and or claim for damages, direct or consequential, in connection with any
condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are 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 sums secured by this Mortgage.
with the excess, if any, paid to Borrower. In the cvtnt 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 vehich 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 conoletnnor offers to make
an award or settle a claim for damages, Borrower fails. to respond to Lender within 30 days after the date such notice is
mailed. Lender K authorized to collect and apply the proceeds, at I~nder's option, either to restoration or repair of the
Property or to the sums secured by this Mortgage.
Unless Lender and Borrower Mherwice ague in writing. any such application of proceeds to principal shall not extend
er postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of
such installments.
10. ltiorrower Not Released. Extension of the time [or payment or modfication of amortization of tht sums stxured
by this Mortgage granted by Lender to any successor in interest of Borrower shalt not ope-rate to release, in any manner,
the liability of the original Borrower and Borrower's successors in interest. Lender shall not be required to eommertce
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 succeawrs in interest.
I1. Forbearwwce by Gender Not a Waiver. Any forbearance by Lender in exercising any right or remedy herettrtder, 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 ituuranee 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. Rewredies Cnarltttive. 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 concurrcntty, independently or successively.
' 13. Swecessorc sad AseiRsts Bound; ,~Tobt sad Several i.~abirty; Captions. The covenant: and agreements herein
contained shalt bind, and the rights hereunder shall inttr~ to. the respective 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 tie used to
interpret or define the provisions hereof.
14. Notice. Except for any notict.requircd under applicable law to be given in another manner, (a) any notice to
Borrower ptoovided for in this Mortgage shall be given by mailing such notice by certified mail addressed to Borrower at
the Property Address or at such other address as Borrower rosy designate by notice to Tender 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 shall tx deemed to have been given to Borrower or Lender when given in the manner designated herein.
1S. Uniform Mortgage: Goreraiag 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
i event that any provision or Clause of Chic 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 effect without the conflicting provision, and to this
end the provisions of the Mortgage and the Note arc Declared to be severable. #
16. Eon+ower's Copy. Borrower shall be furnished a conformed copS• of the Note and of this Mortgage at the tithe J
of executionbr after recordation hereof. ;
17..Traader of the PropeAy; Assumption. Tf 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 encumbrance subord+nate to ~
this Mortgage, ib) the creation of a purchase money security interest for hotnehold appliances, (c) a transfer by devise.
descent or by operation of ]aw upon the death of a joint tenant or (d) the grant of any leasehold interest of three years or Iess_ ~
~ not containing an option to purchase, Lender may, at Lender's option, des{arc al{ the sums secured by this Mortgage to be
immediately due and payable. Lender shall have waived inch 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
a is satisfactory to Lender and that the interest payable on the sums secured by this Mortgage shall be at such rate ac Lender
shall request. if Lender has waived the option to accelerate provided in this paragraph 37. and if Borrower's successor in
i interest has executed a written assumption agreement accepted in writing by Lender, Lender shall release Borrower from all
obligations under this Mortgage and the Note.
if Lender exercises such option to accelerate, Lender shall mail Borrower notice of acceleration in accordance with
5 paragraph 14 hereof. Such notice shall provide a period rf 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 arch 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.
Note-UNrrortnr CovErvatvrs. Borrower and Lender further covenant and agree as [olbws:
s lg. Aeceieratiow; Rew~rdfes. Escept a proNded is pragrapY 17 herrot. ttFo¦ lorrr+owet'a Hweach of any covertaat K
agreement of Eorrower d fhb Maf;age. Iwchriwg Me co•easaa to py whew dae ay stows seew+ed b this Morglage. Lewder
prior to accdaadon scar rwaN notice to Ibnower as *rovNeA iw pragrs)pb li hereof apeeityltrg: (1) die htneach; t2) the setisw
r+gdred to sae weer Menck (3) a dale. wet Ias flaw 3o days trove the date the wotke b ttattYrd to )Mrrower. My whkb such
br+eseh .wit fire ewrrd; awl (4) fiat taibrre to ewre such breach ow w retoee the date gcclfird b the wotice way nsaN iw
aecelendow of der wtr aecttred by fhb Mwigage. to.rdo..rr b poeeedi.~ sort gale of ter !'ro'erty. The wetke ,
shoe tadter iwtorw llocrrsrtr of dtr triRM to reiwatate after acertierMbw awd the right to ttmerf s. for torrdrasre proer~rdhrg
the wow•esidewee of s deftntrit or any Aber defense of lbnower to ticcelerMiow awl torrelowr:. K Me hr+each b wet eared a
or before der dale speeded V qre wotke. Lewder at Leader's o'tiow way declare ar of Me wws seewred try fhb Mortggle /e k
' immedlttMy dwe awd pynhie wkhowt ttsrlher danand sad way forrclorr Mir 1?'lotrltage h N'~dlelt• Lender shah
br etsdded to collect V veer proeeediag ar espcases of forcclostrre. iadudirtg. hot not llrs{ted M. reaaewaMr attweev's fees.
~d costs oL ioetctneatary et+idewee, abNrat:es anti tick rsprb.
19. Rorsawa'a Rfgbt to• Reiwatatr. NotwitMtandintt Lenders acceleration of the sums stcured by thr_ Mortgage,
Borrower shall have the right to have any proceedings begun by Lender to enforce this Mortgage discontinued at any time
BOOKJJO PaGE~,~