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Lender's written agreement or applicable law. Borrower shall pay the amount of all mortgage insurance premiums in fire
manner provided under paragraph 2 hereof.
Any amounts disbursed by Lender purswnt to this paragraph 7. with interest thereon, shall become additional
indebtedness of Borrower secured by this Mortgage. Unless Borrower and tender agree to other terms of payment. such
amounts shall be payable upon notice from Lender 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 me would tx contrary to applicable law, in which event such amounts shall bear interest at the highest rafts
permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or fate
any action hereunder.
1L laspeetioa. Lender may make or cause to be made reasonable entries upon and inspections of the Property. provided
that Lender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lertdet's
interest in the Property.
9. Cooderaoatioa, The proceeds of any award or claim for damages, direct or consequential. in eorutectiorr with say
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 Property. the proceeds shall be applied to tf>)e,dtiriri aeluted by this Mortgage,
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 pt+ooeeds
as is equal to that proportion which the amount 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 notice is
mailed, Lender is authorized to collect and apply the proceeds. at Tinder's option, either to ratoration or txpait of 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 f
or postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of
such installments.
10. IRorrower Not Released. Extension of the time for payment or modification of amortiution of the wms 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 Bc?rrower's successors 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 ofrny demand made by the oris;inal Borrower and Borrower's succesoors in interest.
11.. Forbearaoee 6y Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy heretmder, 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 Lender's
right to accelerate the maturity of the indebtedness secured by this Mortgage.
12. Rew>edies C,rsalalf•e. 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 tx exercised concurrently, independently or successively.
' 13. Soccessors cad Asrigos )sound; Joint and Several I.iabr7ify; Captbas. The covenants and agreements herein t
contained shall bind, and the rights hereunder shall inrsrr to. the respective successors and assigns of Lender acrd 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 are not to tie used to
interpret or define the provisions hereof.
ld. Notice. 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 tx given by mailing such notice by certifled mail addressed to Borrower at
the Property Address or at such other address as Borrower may designate by notice to Lender as provided herein, and
(b) any notice to Lender shall he given by certified mail, return receipt requested. to tender'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.
1S. Uniform Mortgage; Coveraiug Lary; SevcrabAity. 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 tx .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 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. dorrpwer's Cop. Borrower shall be furnished a conformed cop}' of the Note and of this Mortgage at the time
of execution or after recordation hereof.
17. ,Traoder of the Property; Assamptioa. if all or any part of the Property or an interest therein is sold or transferred-
by Borrower without Lender's prior written consent. excluding (al the creation of a lien or encumbrance wbordinate to
this Mortgage, (b) the creatson 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 ses:ured by this Mortgage to be
immediately due and payable. Lender shall have wrived such option to accelerate if, prior to the sale or transfer, Lender
and the person to whom the Property is a. be co1J 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 ac Lender
shall request. if Lender has waived the option to accelerate provided in this paragraph 17. and if Botmwer
s successor in
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 s?•ith 3
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 lfl hereof.
Note-UNtFOat?r CoveNANTS._ Borrower and Lender further covenant and agree as follo~rs:
lg. Accderatloo; Remedies. Except r provNed i• psuagrapi 17 Irereot. •p~ florrowa's irsoei off coy eovetrarit or
agretareot of >lerr~ower d this Mortgage. fscirrdlag fire eoreaawts to pay wire toe coy sans seeared ~ tits Mortgage. Lsssder
prbr b aceNcrNbo star roaN ootfce to >sorrewer s provided to paragraph 14 hereof specifying: (1) the suieaeh; (2) the setiew
regoirei b eas+¢ M+escr; (3) s date, not less tisn 30 days freer the Gate tie trotfee is tsniled to fterrower. iy wild acct
br+eseb nM ix n~ sod (1) that testate b care cast breast ow er befors tit date specifics r fire oetke otsy rrwrlt V
seceferMb¦ of lie sans sectsr~ed by tWs Mortgage. torecloare iy jadicial sos sale of tee hoperty. The notice
sfWl (artier brtorn Ilorrowsr of tie right to rsiostste after sccekratbn sod tie rigit to rent iw tie toreekarrt proteasltt~
_ tie trop-ezbtesce d a defsait or coy otter defcose o/ 1•orrower to accekratbo and foreclowre. N tie bresei is oot aar~sd aw
or betoce tie dale getiied i• tie notice. Leader st Leader's optbn trtsy dechre ar of tie Gros seeared if tits Martsage w k
irornedbtely sae and pysMe wftiwat [artier demand and nrsy foreebse lift Mortgage h' JtrdkW preessdt.R. Lender dear
be esditled to coftteet i• acct ptroesedirrg aw a:peaces of foreclrre. inclasing. flat fast Wetted M. ressowsbk snurrrev's fses.
sos costs 6t dot:..~aeotar~ s~ideoee, abstrscb cad tick troprts. ,
19. ifbrroaer's Rfigit b Reirtate. Notwithstanding Lenders acceleration of the sums secured by thin 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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