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I.ender'c wnucn •agreemcnt ar apphcahle sew. Horruwrr shall pay the amount of all maitgage iniuran~e premiums in the
manner pn?vaded under paragraph 2 hereof.
Any amounts d;shurscd by Lender pennant to this paragraph 7, wrrh interest thereon, shall become additional
in?kMednex of Horn?wcr second by this Mortgage. Unless Horn?wer and I ender agree to other teems of payment, such
amounts shall he payable ulx?n notice from Lender to Ilorruwer rcyucsting payment thereof, and shall hear interest from the
date of disbursement at ~tettaa~ ~~y~hle from time to time an outstanding principal under the Note unless payment of
interest at such rate would he contrary to applicable law, in which event •strch amounts shall hear interest at the highest rate
permissible under applicable law. Noshing contained in this paragraph 7 shall require Lender to incur any expense or take
any action hereunder.
S. Itaspectiow. i.ender may ma{,e or rruu to he made rcaconahk entries upon and inspections of the Property, provided
that I ender shall giYe Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
interest in the Property.
9. Cowdemnation, The pncecdc of any award~or claim for damages, direct or consequential, in conrtoction with any
condemnation or whet taking of the Property, or part thereof, or for conveyance in lieu of condemnation. arc 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 Lender
otherwise agree in writing, there shall he applied to the sums secured by this Mortgage such proportion of the proceeds
as is equal to that proportion which the amount 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 pt~oceeds
paid to Borrower.
if the Property is abandoned by Borrower, or if. after notice by Lender to Borrower that the condemnor oRers to make
an award or settle a claim for damages. Borrower fails to respond to tender within 30 days after the date such notice is
r.~ailed. Lender is 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.
ttnlesc Lender and Harrower otherwise agree in writing. any such application of proooech to principal shall not extend
ar postpone the due date of the monthly installments referred to in paragraphs f and 2 hereof or change the amount of
such installments.
10. )dorrower Not Released. Extension of the time far payment or modification of amortization of the sums secured
by this Mortgage granted by Lender to any successor in interest of Harrower shall not operate to release, in any manner,
the liability of the original Borrower and Borrower's sticcessarc in interest. lender shall not be required to commence
proceedings against such successor or refuse to emend time for payment or otherwise modify amortization of the sums
ccctired by this Mortgage by reason of any demand made by the ari¢inal Borrower and Borrowers successor in interest.
~ 11. Forbearance by i.ender Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or
athenvise afforded by applicable law, shall nM be a waiver of or preclude the exercise of any such right or remedy.
The procurement of insurance pr the payment of (axes ar other liens or charges by Lender shall not be a waiver of Lender's
right to accelerate the maturity of the indebtedness secured by this Mortgage.
12. Remedies Cnmulathe. All remedies provided in this Mortgage are distinct and cumulative to any other right or
remedy under this Mortgage or afforded by law ar equity. and may he exercised concurrently, independently or successively.
' 13. Successors and AsaiRws Bound; .Joint and Several i.iabAlty; Captbns. The covenants and agreements herein
contained shall bind, and the rights hereunder shall inure to. the respective successors and. assigns of Lender and Borrower.
subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be join] and several.
The captions and headings of the paragraphs of Ibis Mortgage arc far convenience only and arc not to be used to
interpret or dt6ne the provisions hermf.
1I. Nolke. Except for any notice rcgriired under applicable law to be given in another manner, (a) any ratite to
Borrower provided far in this Martgaee shall be given by mailing such notice by certified mail addressed to Borrower at
the Property Address or at such other address as Borrower roue designate by notice to fender 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 as provided herein. Any notice provided for~in this
Mortgage shall be detmed to have been green to Bc?rrower ar t_ender when given in the manner designated herein.
1S. Unitonrr Mortgage: Governing Iavr; Severability, This form of mortgage combines uniform covenants for nafanal
use and non-uniform covenants with limited variations h}• jurisdiction to constitute s uniform security instrument covering
real property. This Mortgage shall be governed by the lav.• of the jurisdiction in which the Property is located. In the
event that any provision or clause of this Mortgage ar the Nate conflicts with applicable law, such conflict shall not affect
other provisions of this Mortgage or the Nate which can be given effect without the conflicting provision, and to this
end the provisions of the Mortgage and the Note arc ~kclared to be severable.
16. Eorrower's Copy. Borrower shall be furnished a conformed copy of the Note and of this Mortgage at the tithe
of execution or after recordation hereof.
17. Transfer of the Property: Assumption. It all ar any part of the Property or an interest therein is sold or transferred
j by Borrower without Lender's prior writrcn consent. excluding (a) the creation of a lien or encumbrance subordinate to
~ this Mortgage. (bl the creation of a purchase money security interest far household appliances. (c) a transfer by devise,
@ descent or by operation of law upon the death ofa joint tenant or (dl the grant of any leasehold interest of Ihrcc years or less
not containing an option to purchase. Lender may. at I.ender'c 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 tale or transfer, Lender
and the person to whom the Property is to be :ol.l ar transferred reach agreement in writing that the credit of such person
is satisfactory to Lender and that the interest payable on the sums secured by this Mortgage shall be at such rate as Lender
shall request. if Lender has waived the option to accelerate provided in this paragraph 17, and if Borrower~~suceessor in
interest has executed a written assumption agreement accepted in writing by Lender, Lender shall release Borrower from all
obligations under this Mortgage and the Nate.
t If Lender exercises such option to accelerate. 1_ender shall mail Borrower ratite of acceleration in accordance wuh
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 u:clared due. It Borrower tails to pay such sums prior to the expiration of such period,
Lender may, without further notice ar demand on Borrower. invoke any remtdies permitted by paragraph 18 herrnf.
NON-UNIFORM COVENANTS. BorfOWer and Lender furthtf COVenant and agree as follows:
`5 lg. Accekratiow; Remedies. Errcept as provided in paagrapr 17 recent. wpa ii{orrower's breacr of awy coveaawt or
agreement of >dorrower in this Mortgage. includiegt the cotenants to pay whew due arty sums scored by thB Mortgage. Leader
prior to accelentbn shall mail notice to ilbrrower as provWed is paragraph 14 hereof sptcityiwg: (1) the breach:121 the acfiow
required to cure suer breach;l3) a date. not kss Thaw 30 days from the dMe the wotke M merited to Borrower. by whkr serer t
z bttcacr mmt be shred; and (1) that failure to core such breacr ow or bctore the date specibed iw ere wotke may reswN iw
acceleration of the sums s>•cnrcd by this Mortgage. for~eclosrrre ry judkial rrocetdhtg ara sale of the Property. Tee wotkt
sbaq further inform Borrower of the right to reiastMe after acceleration and ere ri`rt b assert iw tee foreclosure ~oeeedrtg
the twn-a:istenct of s defsuN or any other defense of Iorrower to sctelerstbn and foreciotarre. U ere brescr is woe cnrea ar
or before the date spedfied iw the notice. Lender at Lender's optbw may declare d of ere sows secursd h' thk Mortgage t+o be
immediately due and payable without further demand and may torecbse ebb Mortgage by jrdkial N'oceediuR. Lender shah
be ewtitkd to coped fw suer pr+oceedirrR afl espenses of torecbsurt. inclndiwg. bW woe limited to. reasowabk stt•,rnev's fees.
ad costs of doeuwewtary evidence. abstracts and title reports.
19. Borrower's Rlgbt to Reiratate. Natwithstandrng 1 ender's acceleration of the sums secured by thrc Mortgage.
Borrower shall have the right to have and prcxecdmc: tx},un by Lender m enforce this Mortgage discantrnued at any time
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