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Lender's written agreement a applicabb kw. Borrower shall pay the amount of all morigsge insurance premiums tw the
manner provided under paragraph 2 hereof.
Any amtwnts disbursed by lender pursuant to this paragraph 7, with interest thereon, shall become sdditional
indebtedness of Borrower secured by this Mortgage. Unless Borrower arr~ ~rtjt+ef b~1~e! to other terms of payment, such
amounts shall be payable upon notice front Lender to Borrower requesting payment thereof, and shall bear interest from the
date of disbursement at the rate payable from time to time on artstanding principal under the Note unless payment of
interest at such rate would be rnntrary to applicable law, in which event such amounts shall bear interest at the highest rate
permissible trader applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
any action hereunder.
>L laa~ecfiew. 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 Fender's 1
interest in the Property.
9. Cowiewrrat{ow. The proceeds of any award or claim for damages, direct or consequential, in eonnectloe 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 this Mortgage.
with the excess, if any, paid to Borrower. In the event of a partial taking of the Property. unless Borrower and Fender
otherwise agree in writing. there shall be applied to the sums secured by this Mortgage such proportion of the proceeds
u is equal to that proportion which the amount of the sums xcttred 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 prooads
paid to Borrower. ~
if the Property is abandoned by Borrower. or if. after notice by Lender to Borrower that the condemtwr open to make '
an award or xttk a claim for damages. Borrawcr fails to respond to 1_ender within 30 days after -the date such notice is ~
mailed, Lender is authorized to collect and apply the proceeds, at l~rtder's option, either to restoration or repair of the
Property or to the sums secured by this Mortgage. -
Unlets Lender and Borrower otherwise agree in writinte, any such application of proceeds to principal shad not extend
or postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the arrrouM of
such installments. ~
10. Borrower Not Released. Extension of the time for payment or modilkation of amortization of the sums seturod
by this Mortgage granted by 1_ender to any successor in interest of Borrower shall not operate to release, in any manner,
the liability of the original Borrower and &?rrower
s successors in interest. Lentkr shall not be required to eommerroe
proceedings against such. suceessor or refuse to extend time for payment or otherwise modify amortization of the sum
secured by this Mortgage by reason of any demand made by the oritinal Borrower and Borrower's successors in interest.
I1. Forbearawce r7 Leader Not s Waiver. Any forbearance by Lender in exercising any right or remedy hereunder. or
otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy. _
The proctrrcment of insurance or the payment of taxes or other liens or charges by Lender shag not be a waiver of I.eoder's
right to accelerate the maturity of the indebtedness secured by this Mortgage. }
12. Renedles CtwsrshtNe. 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 corretrrrently. independently or strccativety.
13. Swccesaors awd AsstRas >towwd: Joint awes Several i.is6ilty; Ca*liaws. The covenants and agreements herein
contained shall bind, and the rights hereunder shall inure to, the respective wccesson and assigns of Lender and Borrower.
subject to the provisions of paragraph 17 hereof. All covenants and agrcemenu 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 !ie used to
interpret or define the provisions hereof.
!1. 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 shad be given by mailing such notice by certified mail addressed to Borrower at E
the Property Address or at such dher address as Borrower may designate by notice to fender as provided herein, and '
(b) any notice to Lender shall he given by certified -mail. return receipt requested. to tenders 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 herear.
1S. Uwitora Mortgage; Govtrwlwg Law: Seversbility. "Ibis form of mortgage combines uniform covenants for national
use and non-uniform rnvenants with limited variations by jurisdiction to constitute a uniform ter:urity instrument eoverirrg _
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 claux of this Mortgage or the Note conflicts with applicable law, such conflict shall not alket
other provisions of this Mortgage or the Nt~te which can be given e0ect without the conflicting provision. and to this
end the provisions of the Mortgage and the Note arc Jcclared to be severable.
lti. Isonewer's Copy. Borrower shall be furnished a conformed roP)• of the Note and of this Mortgage at the time
of execution or after recordation hereof.
17..Trawsfer of tre Property: Asswarptiow. Tf all or any part of the Property or an interest therein is sold or tnrafened
E by Borrower without Lenders prior writrcn consent, excluding (al the creation of a lien or ertcumbnnce 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 years or less
cwt containing an option to purchase, Lender may. at Lenders option, declare all the sums secured by this Mortgage to be
~ immediately due 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 br co1J or transferred reach agreement in writing that the credit of wch person
~ is satisfactory to Lender and that the interact payable on the sums secured by tha Mortgage shall be at such rate ac Lender
I shall request. Tf Lender has waived the option to accelerate provided 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 from all
obljgations under this Mortgage and the Note. 1
ff Lender exercises such option to accelerate, Lender shall mail Borrower notice of acceleration in accordancti with t
puagraph 14 herteof. 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 tails to pay such sums prior to the expiration of wch period.
[.ender may; without further notice or demand on Borrower, invoke any remedies permitted by paragraph Ig hereof.
NoN-UNtt*atrM Covt=.NSr+rs. Borrower and Lender further eovcnant and agree as folbws: }
li. Acaele*alior Rewrediea. 8~M s'rovldea ` purrgra'M 17 rtrt.t. t~ letnwera rtwer er awy c.•ewartt er
agresatewt of Mrrower r Ills Mastgage. i.elwdMrg tre aovewawfs to pay whew dwe ttwy wr atcwtai ti trit Mer~ags. l.ewier
prbr Is aceetsraMaw shri mall wollee N >sonrwer s provNN i• 11 ratnoe speettyl~: (1) lfe rttaer; (21 fire aefiaw !
rrMwirti N etsre web rreaeri (3) a ile. trot lest Iraw 3• days trorw tre /ate rite tsatiee to tsraratl N lerrarrer. ~ wrkr suer
rtreaer ttwt re cwt awi (4) tlrat taitwre N cwre wcr rreaelr o. K retore tre date apeelied i• fire twlke may resaM V
aotelesatlow of Ire wma seesrsi r7 brit Mortgage. tircdetwr+e b i~ psresediag sari sale et ere ihe~erty. Tre watiee
alu8 twrlrer iwterrw lerrawer d Ire riRM M mti~tt after sccelnadow a.d fire right a assert r Ire toeetNwra pteeeeit
g wOw-t~lwtt ~t a ~lr~ Or awl' Olrlr,tftwtt Ot BOfiOwK ~ wr!!l!r>~iaw aw+ tM~[ll0awft. g Irt rR.atr is wN lwtl~ M
or rdort tre dale gatlied i• tre tsoNce. Lewder a l.ewier's optiew Tway ieelare r at rite wtwt ssc¦eei ti Mir 1Nast=,ttpa >i k
hdWely d« awi ~ayaMe..ilrowt twrlrer demand awr way tereelese tint Meslgage h iw++rW Lewder sbi
re ewWki N ee~eet r wer pt+weeediwg as8 e:rewses of ferecloawre, Iwciwiirtg. cwt rant ¦writei tar reatewaYe stturrreYa fees.
W eatlt of ieer'~7 ediewee, >ratraets awl Title reNrb. e
E lf. ltessewa'a Rfgrt N Rdwstattt. NotwithstandinE Lender's at:oekration d the surns secured by thr•_ Mortgage.
Borrower shall have the right to have any proceedings heEun by Lender to enforce this Mortgage discontinued at any time
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I'R 333 Pa~E 2~~:3