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' ~ Lender's written agreement or applicable law. Borrower shag pay the amount of all mortgage iasurarrce praniums is the
manner provide) under paragraph 2 hereof.
Any amounts disbursed by lender pursuant to this paragraph 7. with interest thereon, shall become sdditional
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 from the
date of disbursement at the me payable from time to time on sit:tending principal under the Note unless payrnewt of
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 tender to incur say a:penss or *.,aks
any action hereunder.
ft. iaspeetiow. Lender may make or cause to be made reasonable emriac upon and inspections of the Property. provided
that i.ender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to I.ender'a
interest in the Property.
9, Corderwwaliow. The proceeds of any award or claim for damages, direct or consequential, in corurectiow with awy
condemnation or other taking of the >foperty, or part thereof, or for conveyance in lieu of condemnatiar, are hetrby migrred
and shall be paid to lender. ;
. In the event of a totsl taking of the Property, the proceeds shall be applied to the strrr~s~securtad by 'this Mortgage.
with the excess, if any, paid to Borrower. In the event of a partial taring of the Property. unless Borrower and Larder
otherwise ague 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 amarnt of the sums secured by this Mortgage immediately prior to the dste 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 ahandoneJ by Borrower, or if. after notice by Lender to Borrower that the condemnor oRas to make
an award or settle a claim for damages. Borrower fails to respond to Lender within 30 days after the date such rrotiee is
mailed. Lender is authorized to collect and apply the proceeds. at Lender's option, either to restoration or repair o[ the
Property or to the sums scoured 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 1 and 2 hereof or change the amount o[
such installments.
10. Borrower No! Released. Extension of the time for payment or modifkation of amortization of the 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 the original Borrower and Borrower
c successors in interest. Lender shall not be required to comrrrerroe
proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the u~ms
secured by this Mortgage by reason of any demand made by the oriltinal Borrower and Borrower's successors in interest.
11. Forbearawce by Lewder Not a waiver. Any forbearance by Lender in exercising any right or remedy heretmder. or
otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such right or ranedy.
The procurement of insurance or the payment of taxes or other liens ~r charges by Lender shall not be a waiver of Larder's
right to accelerate the maturity of the indebtedness secured by this Mortgage.
12. Rewredies Carwrrlative. 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. Swccessors swd AssiRws Bound: ,Joint aria Seved i.bbiNty; Ca'liows. The eovenaob and agreements herein
contained shall bind, and fix rights hereunder shall imrrg to. the respective successors and assigns of Lender sect BorrowKr.
subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be joiry and several.
The captions ~ and headings of the paragraphs of this Mortgage are for convenience only and are not to lie used to
interpret or define the provisions hereof.
14. Notke. Except for any nMice required under applicable law to be given in another manner. (a) any notice to
Borrower provided for in this Mortga¢e shall be given by mailing such notice by certifkd 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 he given by certified mail. return receipt requested. to t.ender's address stated herein a 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 lien given to Borrower or Lender when given in the manner designated herein.
1S. Uwiforw Mort~e: Goverwiag Law; SeverabNity. This form of mortgage combines uniform covenants for natural
li use and non-uniform covenants with limited variations by jurisdiction to corWitute a unifomr security instrurrrent covering
real property. "f]ris 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 ar the Note conflicts with applicable law, such conflict shall not affect
other provisions of this Mortgage or the Note which can be given eQect without the conflicting provision. and to this
end the provisions of the Mortgage and the Note arc ckclared to be severable.
's lf. Borrower's Co'y. Borrower shall be furnished a conformed rnpy of the Note and of this Mortgsge at the-time
i of execution or after recordation hereof.
" 17..Trawsfer of tle Property: Assnmptiow. if all or any part of the Property or an interest therein is :old or transferred
by Borrower without Lender's prior writrrn consent. excluding (a) the creation of a lien or arcumbnnce subordinate 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 (dl the gent of any leasehold interest of three yeah 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. Under shall have waived such option to sxelente if. prior to the sale or transfer. Lender
and the person to whom the Property is to be col) or transferred reach agreement in writing that the credit of such person
is satisfactory to Lender and that the intercct payable on the sums secured by this Mortgage shall be at such rate ac Lender
shall request. If Lender has waived the option to accxkrate provided in this paragraph 17. and if Borrowers successor in
interest has executed a written assumption agreement accepted in writing by Leader. Lender shall release Borrower from all
obligations under this Mortgage and the Note.
if Lender exercises such option to accelerate, Lender shall mail Borrower notice of acceleration in accordance w•irh
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 expiation of such period,
Lender may, without further notice or demand on Borrower. invoke any remedies permitted by paragraph lg hereof.
Now-Unrtroru?r Covervenr•rs. Borrower and Lender further covenant and agree as follo+rs:
lfi. Aceeleratiow; Rawedim. E>scept as provNed i• paeatrapY 17 frereot, trpw lorrrwes's rrtsKi at ssry ernnant K
agr+eewewt of lsorrrwer b ells Mortgage, lydwaiag tle corewards to Rwl' whew awe awy srwns asewrea (y tris MoriRage. Levier
i prior a secekratlow slraM rwaY wolfce to •ornwer as'ro•iata Irv prapsPlr 14 iercot stteltyfrrgr 11) ere rsescl: the setbw
't rtgiei b csre welt rreaerB (3) • dw1e, wet leas draw 30 dap craw tle sate rile tsaNee is waits b Nrnwer. r7' wrki srrdr
lreaei nett re ewes; awe (4) tlaR tairrre to cwre serer newel a or refers tle sate speifita iA fre wotiee nsay resent i•
~ aeceletrtio. et tie stows see.rea y flit Mortgage. taraiewre y jwaieW Neeeeifnt awe Hale at the rr~erty. lit varies
sfW tiartrer iwtorw lionower o[ ere right N rti•dah after aeeekrstbrr std t4 rfgrt a avert i• tie terstNswe pstatittg
tie .uw•esislewce et a atf..it or awy otter aetewre of Borrower a areeierafiow awe tortieloa.re. B tle insect r rase e.rea
' or odes ere sate spelled b tit wtkt. Lewaer at i.ewaer's opiow nary aechrs r el ere stows seettrred iy Ilfs Merfga(pt N k ~
iwrweiiately dwe nwi ptpaMe wiNrorrt frnrlrtr dewrand awd may forteloae flris Mat~agt i7' jwakW prrtcaealsR. Lewder drat
be ewtilkd to eoiltet V srrel proesediwg err a:pwses at fortclosrrrs. iwcinaiwg. leer vat itiwilta Ia. reaMwaYt stturauy's fees.
sari coals of ioer-•tew4rp eriatwce, w6arsels awe tkk repro.
if. fiorrewa's Rlglt tw ReiwstsRe. NdwithstandinE Lenders acceleration of the sums secursd by the Mortgage.
Borrower shall have the right to have any proceedings htEun by Lender to enforce this Mon rpge discontinued at any time
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