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Lender's written agreement or applicabk law. Borrower shall pay the amount o[ all mortgage insurance premiums in the
manner provided under paragraph 2 hettibf+A• • ; ~ /~Y~
Any amounts disbursed by Lender this pt~i h 7. with interest thereon, shall become additional -
indebtedness of Borrower secured by this Mortgage. Unless Borrower ar•d I_cnder agree to other tem?s of payment. such
amounts shall be payabk upon notice from Lender tct Borrower requesting payment thercoL and shall bear interest from the
date of disburxmeni at the rate payahk from time to time on outstanding principal under the Noie unless payffxnt of
interest at such rate would be contrary to applicabk law, in which event much amounts shall bear interest at the highest rate
permissibk under applicabk law. Nothing contained in this paragraph 7 shall require I:ender to ittaur any expense or take
any action hereunder.
>3. las}eetiow. Lender may make or cause to be made rcasonabk entries upon and inspections of the Property. provided
that Lender shall give Borrower notice prior to any such inspection specifying rcasonabk cause therr;tor related to Lender's '
interest in the Property.
9. Coaderwatbw. The proceeds of any award or claim for damages, direct or oonsegtrential, in connection with any
condemnation or other taking of the Property, a 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 trod b this Mortgage.
with the excess. if any, paid to. Borrower. in the event of a partial taking of the Property. un1,Qp~. ~Md Leader -
otherwise agree in writing. thsre shall be 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 bears to the fair market value of the Property imrtxdiately prior to t(te date of taking, with the balance of the proceeds
paid to Borrower.
if the Property is abandoned by Borrower, or if. after notice by i_ender to Borrower that the condemnor otters to make
an award or xttk a claim for damages. Borrtwer fails to respond to Lender within 30 days after the date such ratite is
mailed. 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.
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 of
such installments.
10. Borrower Not Released. Extensan of the time for payment or modification of amortization of the sums stxured
by this Mortgage granted by Lender to any stfccessor in interest of Borrower shall not operate to release, in any manner,
the lipbilily of the original Borrower and Borrowers successors in interest. Lender shall not be required to commentx
proceedings against such successor or rcfttx to extend time for payment or otherwise modify amortization of the sums .
secured by this Mortgage by reason of atyr demand made by the original Borrower and Borrowers successors in interest.
ll. Forb~araaee iT Leader Not s Waiver. Any forbearance by lender in exercising any right or remedy hereunder, or
otherwise afforded by applicabk law, shall rat be a waiver of or preclutk the exercise of any such right or remedy.
The procurement of. insurattce;~r the payment of taxes or other liens or charges by Lender shall not be a waiver of Lender's
right to acceknte the matunty of the indebtedness secttrfd by this Mortgage.
12. Rewfedks Ctawslatlve. All remedies provided in this Mortgage are distinct and cumulative to any other right or
remedy under this Mortgage or aRorded by law or equity, and may be exercised concurrently, independently or successively.
' 13. Swecessors gad AsdRws Bownfd:.lout gad Several i.iabililr; Csptbas. The covenants and agreements herein
contained shall bind, and the rights hereunder shall inure to. the respective successors and assigns of Lender attd Borrower.
subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be jolty and sevens.
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 provisans hereof.
11. Notke. Except for any notice required under applicabk 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 other address as Borrower may designate by notice to fender as provided herein, and
(b) any notice to Lender shall be given by certified mail. return receipt requested. to Lender's address stated herein or to
e...•t, nefu. sdArwee sc r ~nr4r msv Arcisnatr 1•v nntict fn Borrower as nrovided herein. AnY notice provided for in this
Mortgage shall be deemed tti have been given to Borrower or Lender when given in the manner designated herein.
1S. UwNorw Mortgage; Goveraiwg l.arr; Severabilit}. This form of mortgage comf'ines uniform covenants for national
use and non-uniform covenants with IimiteJ variations by jurisdiction to constitute a uniform security instrument covering
real property. This Mortgage shall h governed by the law of the jurisdiction in which the Property is lotrattd. in the
~ event that any provision or clause of this Mortgage or the Note conflicts with applicabk law, such conflict shall not affect
other provisions of this Mortgage or the Note which can be given effect without the conflicting provican, and to this
end the provisions of the Mortgage and the Note arc declared to be severable.
lf. Borrower's Copy. Borrower shall be furnished a conformed copy of the Note and of this Mortgage at the time
oflexecution or after recordation hereof.
17. Trwwster of the Property: Asswmptiow. 1f all or any part of the Property or an interest therein is sold or transferred
i by Borrower without Lenders prior, written consent. excluding (al the creation of a lien or entumbnnce subordinate to
this Mortgage. (b) the crcatton oT 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 (d1 the grant of any leasehold interest of three years or less
not containing an option to purchase, Lender may. at l_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 sale or Transfer, Lender
and the person to whom the Property is to be colt or transferred reach agreement in writing that the credit of each person
is satisfactory to Lender and that the interest Fayable on the sums secured by this Mortgage shall be at such rate ac Lender
shall request. if Lender has waived the option to accelerate provided in this paragraph 17, and if Borrowei
s successor in
inttrost has executed a written assumption agreement accepted in writing by Lender. Lender shall release Borrower from all
obligations under this Mortgage and the Nat.
if Lender exercises such option to accelerate. Lender shall mail Borrower notice of acceleration in accordantx with
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 t,xlared due. If Borrower fails to pay such stems prior to the expiration of such period.
Lender may, without further notice or demand on Borrower, invoke any remedies permitted by paragraph Ig hereof.
NotwUr+tFOanr CoveN~tvTS. Borrower and Lender further covenant and agree as follows:
IS. AccekrMioe; Remedies. Except as prnrided M ptragrapi 17 Irertol. trpw Borrowers fitrescM of awy cot?ewatl or
aLreewewt of Borrower i• tics Mortgage. iwcludiag the cotrewsMs fo pr wttKw dwe gay strays secwred by tbls Mortgage. Lewder
prior m acceleration shay mail notice to BorrowK as pevlded Iw pragraPlf 14 hereof specltyiffg: (1) the 6rtaci: l2/ tie st:tiow
repaired to care swci retaci:l3) a date. root less than 30 days traw the daft the wotice b arsNed b Ben~ower. iry wiles sack
beeaci rod k cored; gad (4) fiat hilrre to care styes breacA ow or amore tie aate~
~ of the rroperty. The adke.
aceeieratiow off tie sstas seesrd Dy rile Mortgage. fat'ecloswre h H~ !L
siaN trrtier iwforrw Borrower of the right to reidNe after accelerMiow sad the right b avert iw tie torteloswre /roett~ !
tie aow~txiderrce of s dctsrdt or awr other deterne o/ Borrower to secekrMio+r gad toreciowre. N the ireaci is not esetd ow
or 6etore tfre date s}eciBed iw tit wotice. Lewder at Leader's opiow war declare sM aft fie soars seetrred i'!' tits MoAgage Is ibe
imasediatdr doe and prabk witiowf faftAcr demand and mar toerclose tiis Morlpge Dy jwdkial /reesedisR. 1.endershall
be ewtitled to collect 4 sfrci'rocteditrg V a:pewses .rf forectoswrt. fwelwdirrg. bfrt root liwited to. reasowsbk att•,rnev's Ergs. r
awd costs of doefrtaerrtary et?idewct. slbsiracfs and tilk reports.
19. Borrower's Rt~it t. Reiwstatt. Notwithstanding lenders acceleration of 'the sums sec, urcd by th+s Mortgage.
Borrower shall have the right to have any proceed+ngs begin by Lender to enforce this Mortgage discontinued at any time
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