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Lender's written 1',•, r ~ ~'~•J
agreement or applicable law. Borrower shall pay the amouA~ all mortgag! i durance premiums in the
manner provided under paragraph 2 hereof.
Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shall become additiond
indebtedness of tlorrovrcr secured by this Mortgage. Unless Borrower and 1_rnder agree to other terms M payment. such
amounts shall be payable upon notice from fender to Borrower requesting payment thereof. and shall beat interest from the
date of disbursement at the rate payable from time to time an outstanding principal under the Note unless payment of
interest at such rate would be contnn?.to applicable law, in which event Bach amounts shalt bear interest at rho highest rate
permiss~le Cradle applicable law. Nahing rnntained in this paragraph 7 shall require lender to incur sny expense or take
any action herpue¢er.
1L iw~tetf~ssb tender may make or cause to be made reasonable entries upon attd inspections of the Property. provided
that Lender shajl.give,BoR~wir naKY prior to any such inspection specifying reasonable cause therefor related to Leader's
interest in the Property.
9. Cosd~wwsllge., Tite process of any award a claim for damages, direct or. consequential. in eonttectiort Stith any
condemnatit>!i'orother tblciag o[ the Property. a part thereof, a for conveyance in lieu of condemnation. arc hereby assigned `
and shall be paid to Linder.
in the event. tph~tg of the Property, the proceeds shall be applied to the- sums secured by this Mortgage.
with the excess. il~ir~r,'~i~ tb Born+wer. In the event of a partial taking of the Property. unless Borrower and Lewder
otherwise agree in writing, there shall tx applied to the sums secured by this Mortgage such proportion of the ptvoeeds
as is equal to that proportion which the amatnt of the sums secured by this Mortgage immediately prior to the date of •
taking bean to the fair market value of the Property immediately prior to the date of taking, with the balance of the proceeds i
paid to Borrower. .
if the Property is abandoned by Borrower, or if. after notice by Lender to Borrower that the condemnor ogees to nulti
an award or settle a claim for damages, Borrower faits to respond to Lender within 30 days after the date such notice is
mailed. Lender n authorized to celkct and apply the proceeds. at 1_ende~
s option, either to restoration or repair of the:
Properly or to the sums secured by this Mortgage.
Unless. Lender and Borrower ahetwise agree in writing, any such application of proceeds to principal shag not extend
or postpone the duo date of the monthly installtncnts referred to in paragraphs 1 and 2 hereof or change the amount of
such installments.
tt. Borrower Not Released. Extension of the time for payment or modification of amortization of the wms secured
by this Mortgage granted by Lender to any strtxasor in interest of Borrower shall not operate to reksse. in any manner.
the liability of the original Borrower and Borrowers successors in inferest, Lender shall not be requited to commence
proceedings against such suaessor or refuse to extend time for payment or otherwise 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. Forbearawee by i.enier NM • 7Yaher. Any forlxarance by Lender in exercising any right or remedy heretmder, or
otherwise afforded by applicable law. shall rat be a waiver of or preclude the exercise of any such right or remedy.
The procurement of insurar~r the payment of taxes or other liens a charges by Lender shall not be a waiver of Larder's
right to accelerate the matunty of the indebtedness secured 6y this Mortgage.
1L Retwedies CwtssWire. Att remedies provided in this Mortgage are distinct and cumulative to- any other right or
remedy under this Mortgage or afforded hY law or equity, and may Ix exercised concurrently. independently or successively.
' 13. Ssecesaors awa AasiRws )doswi: Joist awe Several I.6rbiBty; Captlows. 'llte covenants and agreements herein
contained shall bind, and the rights hereunder shall entire to, the rt:spective successors and assigns of Lender attd Borrower.
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 arc for convenience only and are not to be used to
interpret or define the provisions hereof.
14. Notice. Except for any naive required under applicable law to be given in another manner. (a) any ratite to
Borrower pwvided for in this Mortgage shall be given by mailing such notice by certified mail addressed to Borrower at
the Property Address or at such ahcr address as Borrower may ,designate by naive to i_tnder as provided herein, and
(b) any notice to Lender shaft he given by certified mail. return receipt requested. to Lender's address stated herein or to
such other address as Lender may designate by naive to Borrower as provided herein. Any notice provided for in this
Mortgage :half be deemed to have been given to Borrower or Lender when given in the manner designated heron.
1S. UaRortn Mortgage: Goreraiwg II.aw: Sevcrability. 'I?ris 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. 'irris Mortgage shalt h governed by the law of the jurisdiction in which the Property is located. in the
event that any provision or clause of this Mortgage or the Note conflicts with applicable law, such conflict shag not affect
other provisions of this Mortgage or the Note which can be given effect without the conflicting provision, and to this
end the provisions of the Mortgage and the Nae are declared to be severable. -
If. lorrower's Co fy. Borrower shall be furnished a conformed copy of the Note and of this Mortgage at the time
of execution or after recordation hereof.
17. Trasder of ire 1Properry: Asaswrpliow. if all or any part of the Property or an interest therein is sold or transfernd
by Borrower without Lender's prior written consent. excluding fat the creation of a lien or encumbrance subordinate to
this Mortgage. (b1 tree 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 grant. of any leasetald interest of Ihrec years or less
not containing an option to purchase, Lender may, at Lender s option, declare ail the sums secured by this Mortgage to be
immediately due and payable. Lender shall have K•aived such -option to accelerate if, prior to the sale or transfer, Lender
and the person to whom the Property is to be sold or transferred reach agreement in writing that the credit o! such person
is satisfactory to Lender and that the interest Fayable on the sums secured by this Mortgage shall be at such rate as Leader
shall request. if Lender has waived the option to accelerate provided in this paragraph 17. and if Borrower's successor in
interest has exceuted a written auumption agreement accepted in writing by Lender. Lender shall release Borrower tram all ?
obligations under this Mortgage and rho Nae. - -
If Lender exercises such option to accelerate, Lender shall mail Borrower ratite of acceleration in acrnrdance with
puagraph 14 hereof. Such naive shall provide a period of na less than 30 days from the date the Waite is mailed within ~
which Borrower may pay the sums oxtared due. If Borrower fails to pay such sums prior to the expiation of such period, k
Lender may, without further nonce or demand on Borrower.. invoke any remedies permitted by paragraph IR hereaf.
Norr-UNrr:otrnt COVHHANTS. Borrower and Lender further covenant and agree as follows:
Ig. Aceekratiow; Rewedks. B:rcpt a prorYer b pragrspM 17 rereof. upon iurower's bs~eaer of awy cerewaN K
agrestwewt of >;or?owa b iris Mortgage. McWdi+rg ire corewawls to py view else awy ssrws secsrt:a sy file Morgrage. iawdetr .
prior to aeeekratios dray mail wotice to tl{otrower a: proridea Iw pragrapr hereof speei~yisg: p) the breach: 12116e sttiow
rc'slrei to cue sscr rreacr; [33 a daft, wet less Craw 3t1 days trorw ire date ire wetke k wailer fo borrower. b viler slier
bseaer wsM be ewrer: awd N) fiat tairrte to etsre sscr rreacr e+s or retore ire date a*eeiRer iw ire wotiee Wray tssytlt its
accderatiow eft ire sswrs seessd r7' irk Mortgage. Iaseeloswr+e b jtrdkial M'oceeJMtg ssri sale M ire rtepety. Trs wetios-.
sore brttser twfa~rw borrower of ire right to teiwstattr after aeeekrMiow awe ire right a avert h tit tor4cleswre• ptseseitg ~
ire wow-cxiestewee of a icfawN or a.y aher dertwse of ittorrower a aceelerdbw awa terteloase. N lie bnacA k wst cst~si N t
or 6etore ire date geeilier iw tie wotke. ti.ewaer at 1.ewder's o'fiow say deertre ale of ire saws seeuer h' irk Mortgage M k
'iwwtediately dwe swi pysbk wittsoM tsrtrcr demand awd waf teredose Nds Mar~age h' jts~ieW pececAlwtt. i.tnde?~sraM
be esttiMer to collect M ssci'roessdiwR ap espeases n! toreclossre. iwchrdiwg. rwt vat liadtsr N. reasawablt stt.,rsrp's.fees.
and eos4 of doesrserMarr erHewee, strarscts awd tick rsprts.
1!. ~orrrvwar's RfgiN t• ReMNate. Nawithstand~ng Lenders acceleration of the sums secured by this Mortgage.
Borrower shall have the right to have any proceedings txt!,r~n by Lender to enforce this Mortgage discontinued at any time
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