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Lender's written agreement or applicabk law. Borrower shall pay the amount of all mortgages insurance pteaaiums in the
manner provided under paragraph 2 hereof.
Any amatnts disbursed by lender purwant to this paragraph 7, with interat thereon, shall become: additional
indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to of~r .lelms'af ymeM, such
amounts shall be payable upon notice from (.ender to Borrower requesting payment (hereof. and s~tah bear interest Fran the
date of disbursement at the rate payable from time to time on outstanding principal under the Notes tmkss pajrment eft
interest at such rate would be contrary to applicabk law, in which event such amounts shall bear interext at the highext raft:
permissible under applicabk law. Nothing contained in This paragraph 7 shall resquirc (.ender to incur awy expeme or take
any action hereunder.
>L lets'ecHow. tender may make or caux to be made reasonable entries upon and inspextions of the Property. provided
that (.ender shall give Borrower mice prior to any such inspection specifying reasonable cause therefor related to Lender's
interest in the Property.
9. Cerwdewwatbw. The proceeds of any award or claim for damages, direct or consequential. in conrteMion with any
condemnation or dher taking of the Property, or part thereof, or for conveyance in lieu of condemnation. arc hereby auigned
and shall be paid to (.ender.
. In the event of a tot~t 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 Lender
otherwise agreae in writing. them shall be applied to the sums se~ctrrcd by this Mortgage such proportion of the proceeds
as is equal to that proportion which the amount of the sums xcttred by this Mortgage immediately prior to the dates of
taking bears to the fair market value of the Property immediately prior to the date of taking, with the balance of the prooetxls
paid to Borrower.
if the Property is abandoned by Bor:ewer, or it. after notice by (.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 K authorized to collect and apply the proceeds. at Lender's option, either to restoration or repair of the
Property or to the sums secured by this Mortgage.
Unless Lewder and Borrower otherwise agree in writinte, any such application of proceeds to principal shall not eactestd
or postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of
such installments.
10. eerrower Not Released. Extension of the time for payment or modification of amortiution of then sums secured
by this Mortgage grantead by Lender to any successor in intereu of Borrower shall not operate to release, in any manner,
the liability of the original Borrower and Borrowers successors in interest. Lender shall not be rrquired to commence:
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 strcce~sors in interest.
11. Forbearawce 6y Lewder Not s Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or
otherwise afforded by applicabk law, shall not be a waiver of or prexlude the exercise of any such right or texrtedy.
The procurement of insurance or the payment of taxes or other liens or charges by Lender shall not be a waiver of LendePs
right to accelerate the maturity of the indebtedness secured by this Mortgage.
I2. Rercdks CrawuWive. All remedies provided in this Mortgage are distinct and cumulative to any other right or
remedy under this Mortgage or afforded by law or equity, and may be exercixd cortcurtently, independently or successively.
13. Swceessors awd AsslBws bawd: Joiwt awi Several i.iabr'Bly; Captloas. The covenants and agreements herein
containead shall bind, and the rights hereunder shall intrr~ to. the respective strceessors and assigns of Leander sad Borrower.
subjext to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be joir~ and several.
The captions' and headings of the paragraphs of this Mortgage are for convenience only and arc rtot to Ile used to
interpret or define the provisions hereof.
14. Notice. 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 certified mail addressed to Borrower at
the Property Address or at such aher address as Borrower may designate by notice to finder as provided herein, and
(b) any notice to Lender shall he given by certified mail, return receipt requested. to Lender's address. stated herein or to
such other address as Lender may designate by notice to Borrower ss provided herein. Any notice provided for in this
Mortgage: shall be dexmead to have been given to Borrower or Lender when given in the manna denignatead heredn.
IS. Uwifore Mortg~e: GoverwiwR Law: Sevcnbitity. This form of mortgage combines uniform covenants for national
use and ran-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering
~ rral 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 thic Mortgage or the Note conflicts with applicabk law, such conflict shag not affect
other provisions of this Mortgage or the Note which can be given etlect without the conflicting provision, and to this
end the provisions of the Mortgage and the ?Mote arc declared to be xverable.
lf. •orrowe:r's Copy. Borrower shall be furnished a conformed copy of the Note and of this Mortgage at the time
f of execution or after recordation hereof.
17..Tnwsfer of the Property: Aswmptiow. if all or any part of the Property or an interest therein is acid or transferred
by Borrower without Lender's prior writeen conxnt. excluding (a) the creation of a lien or encumbrance wbordinate to
this Mortgage, (b) the creation of a purchase money security interest for hotrxhold 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 containing an option to putchax, Lender may, at Lender
s option, declare all the sums sxured 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 be co1J or tnnsferr+ed reach agreement in writing that the creadit of such person
is satisfactory to Lender and_ that the inter~~ct payable on the sums secured by this Mortgage shall be at such rate as Lender
shall rt:queat. If Lender has waived the opion to accelerate provided in this paragraph 17, and if Borrowers successor in
interest has exesetrtead a written aaumption agreement accepted in writing by Lender. Lender shall release Borrower from all
obli;ations under this Mortgages and the Note.
If Lender exe:reaes 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 ratite is mailed within
which Borrower may pay the wms desclare:d due. If Borrower fails to pay such sums prior to the expiration of each period,
Lender may, without further notice or demand on Borrower, invoke any remedies permitted by paragraph l fl hereof.
~ Noty-UNtt=ortw CovENetrTS. Borrower and Lender further covenant and agree as follo+rs:
i Ili. Aceederatio~ Reswedies. Ertcs~t as'roviiei k pwra0ra*h 17 Yereot. wMw >soenswers's Yesati eft awy eavewswt err
x agreae«wt e?t letrrawer r tYfs Meretgsge. iwelwdiwg tie ew•ewaals to'wy whew sere awy stows seeweel Yy tYis Mortgage. l.enrietr
~ M aceeieeatlsw shah trail wotlce a lsormawer s ~orNei Iw'aragra*i /4 ieeeat speeitylwgs (1) tie YseaeY: the actMw
eselwirsi to etas rterei Yee{ack (3) w ire. wet less (Yaw 30 days trotw the ehtfe the wstke fr ttsa¦ai N >tarrawer. Yy wYki such
Yseaei rttttttst k sw,ek sesi (4) prat tafiwrs a ewts wt:h YrsacY etw err Yeteres tYe date speel0ei r tie wertice tw.y rteseit r
secderwllaw err tie rams aeetnsi by tYis Mortgage, tet.~eeloswte Yy jwikW ~oeaseiiwg awi sale et tYe hr~erty. 71te wstiee i
• sYaft twrtier Ystor. Itornwetr eft tie r1gY to reitrstate after secekratiow awi the rrigit eo arrsert fw tie taselewre ~eesseiwg
de worr:islenrce eft a ietawlt err awy ether iefetrae e?t lorrower b aeeeleratiow awi torsdowrs. N tie Yesaei ter weft e:wrsi erw
ti err iefetrs tYe chile spectiei V tie wotkti. Leawier at Lctder's erpiejw wtay ehtdars r eft tie saws sseweei Yy tYis MartgaRe a k t
i~~eiiately iwe sesi MysYk ..itYowt tttrtYer dewtand awd wrsy forceless tits Mwrtgage y }ikW N'as'aeiR. Lender shay
be ewtldei a eerBset V strelt M+oeeaediwg r e:pewses of tetreekeatrs. Iwciriiwg. Ywt west Baritai M,. reasswaYle stturser's feces.
t W eesb eft eMtr-aewtarq eviiewes, abstrwcb awi title rs/orb.
a 1!. Itoererwa's RfgM f. Rd¦Mate. Notwithstanding Lenders sexekration d the stem secured by thn Mortgage,
Borrower shall have the right to have any proceedings begun by Lender to enforce this Mortgage: discontinued at any time
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