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Lender's written agreement or applicable law. Borrower shall pay the amount of all mortgage instrraace premiums is the
manner provided under paragraph 2 hereof.
Any amounts disbursed by lender pursuant to this paragraph 7, withy isttgMest thereon, shall become additional
indebtedness of Borrower secured by this Mortgage. Unless Borrower`and Lender agree to other terms of payment. such
amounts shall be payable upon notice from Lender to Borrower requesting payment thereof, and shall bear interest fr+orn tits
date of disbursement at the rate payable from time to time on artstanding principal under the Note tmkss pajrnreat o[
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 say experae or take
any action hereunder.
g. lusreetiow. Lender may make or cause to be made reasonable entries upon and inspections of the Property. provided
tMt Lender shat! give Borrower notice prior to any such inspection specifying reasonable cause therefor relatod to Larch's
interest in the Property.
9. Conderwatiow, The proceeds of any award or claim for damages, direct or rnrtsequtntial, in connection with say
condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation. arc 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 wms secured by this Mortgage.
with the excess, if any, paid to Borrower. In the event of a partial taking of the Property, unless Borrower seed 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 Mortgage immediately prior to the date o[
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 it. after notice by i.ender to Borrower that the condemnor offers to make
an award or xttk a claim for damages, Borrower fails to respond to Lender within 30 days after the daft such notice a
mailed, Lender is authorized to collect and apply the proceeds. at Lender's option, either to restoration or repsir o[ 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 shall not estend
or postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof ~r change the amount of
such installments.
10. Borrower Nof Rtkasea. Extension of the time'for payment or modi}kstion of amortization of tht sums 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 tha original Borrower and Borrowers successors in interest. Lender shall not be required to corrtrrrertoe
proceedings against such successor or refuse to extend time for payment or otherwix modify amortization of the sums
secured by this Mortgage by reason of any demand made by the original Borrower and Borrower's successors in interest.
11. Forbearawce 6y LesNler Not a Rh~iver, Any forbearance by Lender in exercising any right or remody hereunder, or
otherwise afforded by applicable law, shall trot be a waiver of or preclude the exercise of any such right or remedy.
The proctrrcment of insurance or tht payment of taxes or other Hera or charges by Lender shall not be a waiver of Lender's
right to accelerate the maturity of the indebtedness secured by this Mortgage.
I2. Rewedies Cesubttire. 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 exercixd concurttntiy, independently or successively.
' 13. Successors awd AssiRas >souwd:.Joirtt anrd Seferal i.isbAlq; Captlows. The covenants and agreements herein
contained shall bind, and the rights hereunder shall intrrg to. the respective successors and assigns of Lender apd Borrower,
subject to the provisions of paragraph 17 hereof. All rnvenants and agreements of Borrower shall be join( and several.
The captions' and headings of the paragraphs of this Mortgage arc for eonveniertce only and arc not to Ile tuiod to
interpret or define the provisions hereof.
14. Notke. 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 ceni&d mail addressed to Borrower at
the Properly Address or at such other address as Bormwer may designate by notice to Lender as provided herein, and
(b) any notice to Leader shaft be given by certified mail. rctur.: ^!+ct ;nt regereste~l, 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 be deemed to have been given to Borrower or Lender when given in the manner designated herein.
1S. Uwfforru Mortgage: GovernirrR Law: Severabitity. 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 ~Mongage shall be governed by the law of the jurisdiction in which the Property is iocated. In the
event that any provision or claux 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 without the conflicting provision, and to this
end- the provisiora of the Mortgage and the Note arc declared to be xverable.
If. Iorrower's Co'y. Borrower shall be furnished a conformed cop~• of the Note and of this Mortgage :t the time
of execution or after recordation hereof.
17..Trawster of tie ilroperiy: Assr+nrpliow. 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 (a) 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 interest of three yeah or less
not rnntaining 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 w••rived Stich option to aceelerate 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
is satisfactory to Lender and that the inten~ct payable on the sums secured by this Morlgage shall be at such rate ac Lender
shall request. if Lender hss waived the option to accelerate provided in this paragraph 17, and if Borrower
s successor in
interest has executed a written aswmption agreement accepted in writing by Lender. Lender shall release Borrower from all
oblijations under this Morlgage and the Note.
If Lender exercises such option to accelerate, Lender shall mail Borrower notice of accekntion in accordart~-c with
' paragraph 14 hereof. Such notices shall provide a period of not less than 30 days from the date the notice is mailed within
which Borrower may pay the wms declared due. if Borrower fails to pay such wms prior to the exgration of wch period.
Lender may, without further notice or demand on Borrower, invoke any remedies permitted by paragraph i R hereaf.
Notr•UHtrroant CoveN~rrrs. Borrower and Lender funhsr covenant and agree as follows:
li. Acederatlo~ RtwreL. Swept stt M'ovNtd ire MrrrgrapM 17 iergst, upu Roauwa'a M+eaelr of guy co~eaawt K
agreeasewt et >Mrtfuwer r trig Metrlgage, ietttalwg tie esrerraats to py witty a« atgr status secured b tits Morlgtt`e. Lss~
prier 1o a<eek:ataew scar tsrail aotke to >sosruwer as provNN le /sragrapr 14 iereot speltytag: (1) tee M~eaci: (2) tie satMw
rpuira M cure stocr rt~eaci; (3) a sate, wot las flaw 30 nays trove tie data tee native b warts M rKSUwer. if' wild slier
iseaer watt k csrs# sari (4) fiat faiiuse to care stsei ttreaer a or ietetne tee Gate s*eaiiti V tie woRke way rttstat b?
aaeierMiou of tie sows secures y tilt Mortgage. to+rcio+une y jltt~ictal ls+teeiirtg awl ale at tie h~uperly. '11t wsttlc~
star turner iwtorws >iorrewer of tee tdRM to teiaaate suer aeetkratbw area tee tiger b asseA iw tee teraeMaure Noeat~rtg
dt wow•etdstewee srl a aetrarlt or awe otter ietease of iorrower to accelerMfou swa toseeiowre. g tic i~raei b sat guess M
or ietore tee Lee spcYta i• tie tsstke. Lewder at l.euaer's o'tlow ~f' stelae ai st1 lee wear secures Yy fib 11~ieet;,a(pt tare
brweaiatey a.t .wa pyaYt ..lfioat tartest dew+snA are Wray tereelaae fib Merlgage y laiieial NucaeLlt• Lender UaN
k e¦utlaa a eLt iw save pueesaiat r espewres of rorcciosrMe, luelaaisg. tut sat ¦raNea M. resa•.aile stturwetr's tees.
awl ettsts at iaei-'uewtar! aviaepce+ aistracls aua title repro.
1!. Iiarsuwa's RIgM to Reinstate. Notwithstanding Lenders acoekration of the aura secured by thn Mortgage,
Borrower shalt have the right to -have any proceedings begun by Lender to enforce this Mortgage discontinued ar any time
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