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Lender's'written agrament or applicable law, Borrower shall pay the amount o[ a!1 mortgage insurance premiums in the
manner provided under paragraph 2 hereof.
Any amounts disMrraed by i.ender pursuant to tha paragraph 7. with interest thereon, shall become additional
indebtedness of Borrower secured by this Mortgage. Unless Borrower and ~.grae~.agyde~o 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 time to time on outstanding principal under the Note unless. pajrment of
interat at such rate would be 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 ttte
any action hereunder. ,
s. Iws~eoHow. 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 Lender's
interest in the Property. ~
9. Cowderwatiow, The proceeds of any award or claim for damages. direct or consequential, in connection wide any
condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of condkmnation. are hereby assigned
and shall be paid to Lender. ~
In the event of a total taking of the Property, the proceeds shall Ix applied to the sums secured by this M
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 amount of the sums secured by this MortgaEe 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 i.ender to Borrower that the condemnor oRen 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 Lender's option, either to restoration or repair of tre
Property or to the sums secured by this Mortgage.
Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend
or postpone the due date of the monthly installments referred to in paragraphs t and 2 hereof' or change the amount o[
such installments.
b lA. >Iorrower Not Reknsed. Extension of the time for payment or modification of amortization of the sums secured
y 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 Borrowers successors in interest. Lender sh:11 not be required to comrrrerrce
proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the suns
secured by this Mortgage by reason ofrny demand made by the original Borrower and $orrower's successors in interest.
11. Forhewrawce lyy Lender Not a Waiver. Any fort+earance by [.ender in exercising any right ar remedy hereumder, or
otherwise afforded by applicable law. shall rrc?t 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 ey this Mortgage. i
l2. Rewredks CwasrhBt4. All remedies provided in this Mortgage arc distinct and cumulative to any other right or
remedy under this Mortgage or aSorded by law or equity, and may be exercised concurrently. indeperxkntly or successively.
13. Srceesows and AsstRws Idorwd: Joint arrd Betted TLbiWy; Gpfiows. The covenants and agreements herein
contained shall bind, and the rights hereunder shall inur'~ to. the respective successors and assigns of Lender apd Borrower.
subject to the provisions of paragraph t7 hereof. All covenants and agreemrnts 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 lk used to
interpret or define the provisions herec?f. ,
14. Notice. Exce t for an notice re aired under a livable few to be 3
P Y q pp given in another manner, (a) any rrotiee to
Borrower pt+ovidcd for in this Mortgage shall be given by mailing Birch noticr by certi&d mail addressed to Borrower at
the Property Address or at such other address as Borrower may designate by notice to under u provided herein, and
(b) any notice to Lender shall he given by certified mail. return receipt requested, to t"order's address stated Irercin or to
such other address as Lender may designate by notice to Borrower as provided herein. Any notice proridod for in this
Mortgage shall be deemed to have been given to Borrower or Lender when given in the manner designated herein.
lS. Uwiform Mortgage; Gotrenriwg 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
tvent 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 effect wittrout the conflicting provision, and. to this
end the provisions of the Mortgage and rho Note arc declared to be severable.
lt. iiion+uwer's Ca'r. Borrower shall be furnished a conformed rnpy of •the Note and of this Mortgage at the time
of execution or after recordation hereof.
17..Tnader of the Tmpesty: A.sswmptiow. 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 (a1 the creation of a lien or encumbrance wbordinate to
this Mortgage. (b) the creation 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 intert~t 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 to be sold or transferred reach agreement in writing that the credrt of such person
is utisfsctory to Lender and that the interest payable on the sums secured by this Mortgage shall be at Birch 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 auumption agreement accepted in writing by Lender. Lender shall release Borrower from all
obluations under this Mortgage and the Note.
if Lender exorcists such option to accelerate, Lender shall mail Borrower notice of acceleration in accordance 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 expiration of such period,
Lender may. without further notice or demand on Borrower, invoke any remedies permitted by paragraph tR hereof.
Note-UNIFatM CoveHervrs. Borrower and Lender further covenant and agree as follows:
li. Aecdaaitlws; Retwdia. Bzcept sr rrnvtacd iw p~raph 17 Irtseot. s*ow lio~wda sewer et nay cot?ewartt err
agrsarsest of Borrower i• trio Mortgage. preiriitr~ the eotrewwwts to My wtsew ire awl' Bret seew~ei rf' tYa Mortgage. i.ewier
/rrior to octoieraMow sUaB wail notice to Borrower aa'rovNed la pragra'r 14 rereo[ speel[y(¦g; p) ere Meaer; (21 fete aKtlow
egried Ice ewre Barer iroaclq (3) a dpe, wet ins traw 30 days trorw ere date fro notice r wsalki N >Mrre?wer. i/y whkr stet
rettaer aearet k ewrsd; aed (4) trot hileu+e 1o erre arch brwelr ow or ietore the date gtciiori i• the wotiee way ntsrrN d
seederatfow of tie aw tkerred by thin Moetiage. teecloarre h i•~W poeseatia~ nets safk of ere >nro'erty. Tire wotlee
srtrr tretlter iw[orrw liorrewer of the right N r~sbte after wcceferatiow awd tie right io aaaed r ere (eneiatawe /reteeiwg
ere wow•eritewce of a ietarit or astf otter defewre of Borrower to aKCekrsffow arm toroclooerre. N ere teener i. rot crrai N
ar ietane ere dMe opeefie! L the wotlce. Lewder st i.ew/ers oltiow eaary ~ aB et ere serwta aserrei y tlda 1Nertgagpe •a k
iwtweiiateip dre netts pysiie wftrort tortier demand nwd way toetieioae tiffs Mot7gago y jrikW pr+atsetBrrg. Lender shah
k eMltloi to cosset iw serer pe+oeeediwg r espewses of foreciosrre. twclrtiiwg. rrt stN Iiwri/ett to. eeaaoeraiie rrtlxrrr~a fen.
anti cab of eioestaeNsy tddewoe, aistrwcb ssrd tkk repro.
l!. lorre?wa's Rlgrt te? Reiaatate. Notwithstandinit Lender's scakration of the sums secured by thr• Mort;age,
Borrower shall have the right to have any proceedings hegun by Lender to enforce this Mortgage discontinued at any time
BOOK P,~GE1~