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Lender's written agreement or applicable kw. Borrower shall pay the amount of all mortgage iruuraace premiums in the
manner provided under paragraph 2 hereof.
Any amounts disMused by Lender purwant to this paragraph 7, with interest thereon, shall become additional
indebtedness of Borrower secured by this Mortgage. Unks} Borrower and Lender agree to other terms of paymerk, such
amounts shall be payable upon notice from Lender to Borrower rogttes~irtg payment thereof, and shall bear interest from the
date of disbursement at the rate payahk from time to tirne~oA out:tandittg principal under the Note unless pajrttKnt of
interest at such rate would be contrary to applicable law, in which event such amounts shall bear interest at the highest rste
permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expetae or take
any action hereunder.
fl. Iwsptttisnt, 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 Larder's
interest in the Property.
9. Coaderatntba, The proceeds of any award or claim for damages, direct or rnnsequential; 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 Property. the proceeds shall be applied to the sums secured by iha Mortgage.
with the excess, it any, paid to Borrower. in the event of a partial taking of the Property, unless Borrower and Leader
aherwise agree in writintt, 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 o!
tsking 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 Bor:ower. or if. after notice by Lender to Borrower that the condemtar olfera to mate
an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date such ratite is
mailed, Lender K authorized to collect and apply the proceeds. at Lender's option, either to restoration or repair o[ fife
Property or to the sums secured by this Mortlta~ee.
Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not e~atd
or postpone tbe due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of
such installments.
10. Eorrower Not Released. Extension of the time for payment or modifkation of amortizaCan of the soars natured
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 successors in interat. Lender shall not be requirrd to comrrtertoe
proceedings against such successor or rctrrse to extend time for payment or otherwise modify amorti~tan et the sums
secured by this Mortgage by reason of any demand made by the original Borrower and Borrower's successors in interest.
ii. Rorbearawce i7' Lewder Not a Waiter. Any forbearance by Lender in exercising any right or remedy heretwrder, 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. Resedia Caoahtlve. 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 successively.
13. Saccesaors awe Asstgws laoawd; Joiwt and Sered i.iabiBfy; Captlows. The covenants and agr+eemertts herein
contained shall bind, and the rights hereunder shall inert; to. the respective successors and assigns of Lender and Borrower.
subject to tbe 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 are rat to iie used to
interpret or define the provisions herrnf.
14. 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 other address as Borrower may designate by notice to Tender as provided herein, and
(b) any notice to Lender shall be given by certified mail, return receipt requested. to I_endet's address stated herein or to
such other address as Lender may designate by ratite to Borrower as provided herein. Any ratite provided for in this
Mortgage shall be deemed to have been given to Borrower or Len~r when given in the manner designated herein.
1S. Uwi<orrw MorigrtRe; Gortrwiag Law; $erera6sity. This form of mortgage combines uniform covenants for national
use and ran-uniform covenants with limited variations by jurisdiction to constitute a bniform security instrument eoverireg
~ 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 rnnflicts with applicable law, such conflict shall not affect
other provisions of this Mortgage or the Note which can be given effect without the conAieting provision. and to this
end the provisions of the Mortgage and the Note arc declared to be severable.
lfr. •onewer's Copt. Borrower shall be furnished a confomxd ropy of the Note and of this Mortgage at the time
of execution or after recordation hereof.
~ 17..Trawsfer of tic Property; Asatmpliow. 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 la) the creation of a lien or encumbrance subordinate to
this Mortgage, (b) the creation of a purchase money security interest for household appliances, (e) 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 natured by this Mortgage to be
immediately due and payable. Lender shall have waived such option to accelerate if, prior to the sale a transfer, Lender
and the person to whom the Property is to be cold or transferred reach agreement in writing that the credit c?f such person
is satisfactory to Lender and that the interest payable on the sums secured by this Mortgage shall be at'srrch rate as Lender
shall request. if Lender has waived the option to accelerate provided in this paragraph 17, and if Borrowers successor in
interat has executed a written aswmption agreement acaptcd in writing by Lender. Lender shall release Borrower tram all
obiiBations under this Mortgage surd the Note.
If Lender exercises such option to accelerate, Lender shall mail Borrower notice of accekntion in accordance v?•ith
paragraph 14 hereof. Such notice shall provide a period of not less than 30 days from the date the notice a mailed within
which Borrower may pay the sums declared due. if Borrower tails 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 lg hereof.
~ Non-Untt=ottnt trOVENANTS. Borrower and Lender further covenant and agr+te as fotbws:
ifl. Aeeslesstioaq Rewedies. Eue}t as povNed L Nragra*i 17 iersot. spa iornwsa'r bseaeh et fry cevnaN K
agreement d •orrewer V tMs Morfgnge. iteladiwg dte eerewwwfs Io Hwy wtrew tae ttwy newts setaasi irf fttis Mest~s. iewier
r ~ a sceeiwauow stli wasfl wolke to )sortrrwer as ~rotlae/ f. Mragraple 14 tter~c~o[ spsdtyitg: (1) fie ttsssei; t=) tie wetistt
i rs~alrei a earn saki iasneit (3) a LIe, trot less thww 3• days crow tie date fie nefke r mantel M »Ises+swer, ~ wild stteh `
issaei hart k eaas~ ari t1) flat Bare b ears nci Maei ew or before tltt date a~elied r tie wofiee any resrtlt i•
aeeslerafisn of tic trtas aecared by li4 Mortgage. foseclosars b }dkW linessi~ ani sale et tie >rro*erty. 71e wsflee
ari f~rtier Iwforn lorros?er of fie right f• its after aceekrMiow awl the rlgM to srrM t• tie forsclaawe proessig '
~ fie wore:iirteaoe st a ietaalt or stay other defe~e o1 iorrower to wccderatiew sri twselatat. It Ae Meaett b art eared aw
e< iefoae fie dale speeiied r fits aeries. Leader at I.ewder's optMa alwy iaiare >r oI tie tatass scented b fits Me~fialpe ie
fnaaeifately doe wni ~nyw6lc witiont farther aew?and and wwy fsrselose tftis Mafgage b ~aikW preesetraR. Lende? drag
k enWki fe toYeet V feel pncee~ttg ar es'ewsa at torsclosate. Iweiwiiag. iaf eat >rtwitsd M. sssrenaNe slturwetr's tea.
aai eetsfa of ioew-anestaay svNenee, abstracts awl title reprfs.
1!. 1leras?wa's Right b Reiwstate. Notwithstandinft Lender's aocekration of the stuns secured by thn Mortgage.
Borrower shall have the right to have any proceedings begun by Lender to enforce this Mortpge discontinued at any 6me
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