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Lender's written agreement or applicabk taw. Borrower shall pay the amount of all mortgage insurancx premiums in the
manner providcd under paragraph 2 hereof.
Any amounts disbursed by !.ender purstunt to tha paragraph 7, with interest thereon, shall become additional '
indebtedness of Borrower secured by this Mortgage. Unless Borrower ar~dt t.ende~ dg~e to other terms of payment, such
amounts shall be payable upon native tram Lender to Borrower requesting payment thereof, and shall bear interest frnwt the
date of disbursement at the rate payable from time to time on outstanding principal under the Note unless pa}?tnatt of
interest at such rate would be contrary to applicabk law, in which event such amounts shall bear interest at the highest rate
permissible under applicabk law. Nothing contained in this paragraph 7 shall require Lender to incur any expetae or fate
any action horcuttder.
S. Iaspettiow. lender may make ar cause to be made reasonable entries upon and inspections of the Property, provided
that Lender shall give Bonower native priar to any such inspection specifying reasonable cause therefor related to Lender's
interest in the Progeny.
4, Coademaatioa, The proceeds of any award or claim for damages, direct or consequential, in conrtertion with any
condemnation or other raking of the Property, or part thereof, or for conveyance in lieu of condemnation, arc hetcby assigned
and shall be paid to Lender.
In the event of a total taking of the property, the proceeds chat! he applied to the sums secured by this Mortgage,
with the excess, if any, paid to Borrower. In the event of a partial taking of the Progeny, unless Borrower and Lender
otherwise agree in writing. there shall be applied to the sums secured by this Mortgage such proportion of the ptnceeds
as is equal to that proportion which the ama+nt of the sums secured by this Mortgalte immediately prior to the date of
taking bears to the fair market value of the Properly immediately priar to the date of taking, with the balance of the ptnceods
paid to Borrower.
if the Property is abandoned by Borrower, or if. after notice by Lender to Borrower that the condemnor olfen to mate f
an award or settle a claim for damages, Harrower fail. to respond to Lender within 30 days after ~Ihe date such notice is
mailed, Lender is authorized to collect and apply the proceeds, at Lender's option, either to restoration or repair of the
Progeny or to the sums secured by this Mangalre.
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 momhly installments referred to in paragraphs 1 and 2 hereof or change the amount Of
such installments.
10. Borrower Nof Released. Extension of the time for payment or modification of amortization of the sums secured i`
by this Mortgage gnntcd by Lender to any cuccecsor in interest of Borrower shall not operate to release, in any manner.
the liability of the original Borrower and Borrower's successor in intemt. Lender shalt not be r+equircd to commence
proceedings against such successor or refuse to eYtond time for payment or rs:herwise modify amortization of the sums
secured by this Mortgage by reason of any demand made by the original Borr.,wor and Borrower's successors in interest.
11. ,Forbearance 6p Lender Nof a R?airer. Any farhearance by Lender in exercising any right or remedy hereunder, or
otherwise afforded by applicabk law, shall Hat 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 lions or charges by Lender shall not be a waiver of Leader's
right to accelerate the maturity of the indebtedness sect+rrd by this Mortgage.
12. Remedks Ctuaulstire. All remedies provided in this Mortgage are distinct and cumulative to any other right or
remedy under this Mortgage or afforded by taw or equity, and may be exercised concurrently, independently or successively.
' 13. Swecessors sad Asdgws Bound: Jotat sad Several i.ia6iiify; Captions. The covenants and agreements herein
contained shall bind, and the rights hereunder shall int+r~ to. the respective successors and assigns of Lender apd Borrower.
subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be join( and several.
'ilte captions' and headings of the paragraphs of this Mortgage are for convenience only and are not to Ile used to
interpret or define the provisions hereof.
14. Notice. Except for any native required under applicable law to be given in another manner, (a) any notice to
Borrower provided for in this Martga¢e shall be given by mailing such notice by cenifled mail addressed to Borrower at '
the Progeny Address or at such other address as Borrower map designate by notice fo T_ender as provided herein, and
(b) any notice to Lender shall he given by certified mail, rett+m receipt requested. to Lender's address stated herein or to
such other address as Lender may designate by native 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 m:Hoer designated herein. ~
1S. Unifona Mortgage: Gorenriag Law: Serenbpity. 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 progeny. This Mortgage shall be governed by the law of the jurisdiction in which the Property is Located. Irt the
event that any provision or clause of this Mongagc ar the Notc conflicts with applicabk law. such conflict shall not affet
other provisions of this Mortgage or the Nate which can be given eBect without the conflicting provision, and to this
end the provisions of the Mortgage and the Note arc declared to be severable.
16. aorrower's Copy. Borrower shall be furnished a conformed cop~• of the Note and of this Mortgage at t~,e tune
of execution or after recordation hereof.
l7..Trtutatn of the Property: Assumption. Tf all ar 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 encumbranct subordinate to
this Mortgage. (b) the crcat+c?n 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 secured by this Mortgage to be
immediately dui and payable. Lender shall have waived such 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
is satisfactory to Lender and Thar the interest payable on the sums secured by this Mortgage shall be at st+ch rate ac Lender
shall request. If Lender has waived the option to accelerate providcd in this paragraph 17, and if Borrower's successor in'
interest has executed a written assumption agreement accepted in writing by Lender, Lender shall release Borrower tram all
obli~tions under this Mongagc and the Note.
If Lender exercises 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 faits to pay such st+ms prior to the txpintion of such period,
Lender may, without further notice or demand on Borrower, invoke any remedies permitted by paragraph 18 herrnf.
Nox-UNtFOat?t COVENANTS. Borrower and Lender further covenant and agree as follown: '
li. Aaederadow; Rawedia. )Erttcept a proviided iw psragrspr 17 rereot, tnpow liorrwwa'a bs+eac)w of any crewawf or
agrtesaeat of Borrower is tNs Mortgage, tiwdwdiwg the coreaswt to pay when iwe say aams aeetrt+i try ebb Mortgage. Lacier
prior io sccekratbw dolt wsatil wotke to Borrower as prortiei Iw parsgraplt 14 rereot speeltylwg: (1) ere 6rewcr; (t) ere sttiew
regwirei Io sae ttwcr rreacr; (3) s date, woe less craw 30 days renew felt late ere wotiee tit aadki to >>orrwwetr. fry wrkr saes
rreacr twat k ewre~ awl (1) trwt taiiwre to cwre alter rreaclt a ar retar+e Ire date speeYed V ere wotke twat' resrtlt b
weet:krafiow at ere sew stewrri br this Martgs0e, faeclowrr b jaiicW pr+oeeeiittg awl sale of the Property. Tee woNct
drat tatter iwfarrw Borrower at ere right to reiwstNe after accekrwtbw awl ere rI¢t b aaaeA i• ere torseloswre protee~rtg
Ire wow~ettMarce of a ietawlt or awy deer ietewse of Borrower to wccekrNlow awl tortcloatrre. K ere 6rr!aer b wet ewrti a
ar before ire iwte grec(ied Iw ere wotke. Levier at I.ewder's opfbw twat' irelarte d of ere tttnws oteruei ry frb Mortgs~ le k
itwaaeiiately iwe atri pwyaMe witrorrt twrtrer demand and may toeeeloae tW Mortgage by jwiieW'rotsedlwg. Lende? crap
be aMidei to collect b aver proceediwg all espessa of forecloswre. Iweb>ditrg, rwt teat 4wBd M, reaaowsilt sft~xsev's fees.
awl cab a< doa,-•weatarp eridewce. abstract wwi tick report.
i!. iorrowa's Rkltt to Reiwstats. NatwithstandinE Lenders acakratian of the sums secured by th+~ Mortgage,
Borrower dull have the right to have any proceedings txgun by Lender to enforce this Mortgage discontinued at any time
8~x33~. Pa~E~275
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