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Lender's written agreement or applicable low. Borrower shiMpt~I3Yhe amoudt ~ 11 mortgage insurance premiums in the
manner provided under paragraph 2 hereof.
Any amamts disMtrsed by Lender pursuant to this paragraph 7r cvi7t interest~ thereon, shall become additional
indebtedness of Borrower stcurcd by Chit Mortgage. Unlett Born~wcr and 1 rnJer agree to other terms at payment, such
amounts shall he payable upon rnWice from l.cnder to Borrawrr requesting payment thereof, and shall bear interest from the
date of disbursement at the rate payahk from time to time on attstanding principal under the Note unless paymcrtt of
interest at such rate w4ottld 6e contrary to tipplicabk law, in which event such amounts shall bear interest at the highest rata
permissible under applicable law. Nothing :rnntaincd in this paragraph 7 sh#11 requite i:ender to incur any expense or take
any sNan hereugtfer.
fi. 1ws*ectiow. Lender may make or ifause to l+e made reasonable entries upon and ituspections of the Property. provided
that tender shall give Borrower notke pri~tr to any such inspection specifying rcatconabk cause therefor related to Lender's
interest in the Property. ' i
9. Cewaerwwstiow, 'The proceeds of any award a claim for damages, direct a consequential. •in oorutectioo with aay
condemnation or other taking ~t~t4e F~tidert~, or part thereof, a for cortveyanoe in lieu of cotdemnation. arc hereby aasigered
and shall be paid to lender.
in the event of a total taking of the Property, the proceed: shall be applied to the sums stxured by this Trlortgage.
with the excess, if any, paid to Borrower. In the event of a partial taking of the Property. unless Borrower and Leader
otherwise agree in writing, tlierc shall be applied to the sums stxur+od by this Mortgage such proportion of the procreetk
as is equal to that proportion which the amatnt of the sums stcttred by this Mortgage immt:diatety prior to the data o[
taking bean to the fair market value of the Property immediately prior to the date of taking, with the balance o[ the prooetxls
paid to Borrower,
if the Property is abandoned by Borrower. or if. after native by Lender to Borrower that the oatdeasnor oRea to mate
an award err settle a claim for damages. B~?rrower fails to respond to Lender within 30 days afar the date such notice 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 i.ender 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 nrttount of
such installments.
td. lorrower Not Rekasea. Extension of the time for payment or modifk:lion of atnortintion of the sums stxured
by this Mortgage granted by 1_ender to any successor in interest of Borrower shall not operate to release, in any manner,
the liability of the original Borrower and &+rrower
s successors in interest. Lender shall not be required to commence
proceedings against such successor a 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 oritina! .Borrower and Borrower's successors in intt:rest.
~ 11. Forbearance by Lewder Not s Waiver. Any farltearance by Lender in exercising any right or remedy heretnrder, or
otherwise afforded b a
y pplicabk laq, shall not be a waiver of or precltnde the exercise of any such right or rerrtedy.
The procurement of irtsuratxx:Qr the payment of taxes or other liens or charges by Lender shag not be a waiver of Larder's
right to :ccekrate the maturity of the indebtedness sectirred by this Mortgage.
12. Rctwedies Ctnwulstire. All rcrnedies provided in this Mortgage arc distinct and cumulative to any other right a
remedy under this Mortgage or aBardcd by law or equity. and may be exercised concurrently, independently or strceessively.
13. Sweceasors stsd Asdgws lbwsd:.><oiwt ewer Serersl i.is6ilry; Ca*tfisws~. The covenants and ageements herein
contained shall bind. and the rights hereunder shall intirc to. the respective successors and assigns of Lender and Borrower.
subject •to the provisions of paragraph 17 hereof. All rnvenants and agreements of .Borrower shall be joiry and several.
71ie captions and headings of the paragraphs of this Mortgage arc for canveneence only and arc not to be teed to
interpret or deAne the provisans hereof.
1a. Notke. Except for any malice rcgtiircd 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 certiiieu' niiil a
ddtrsscd to Borrower at
the Property Address or at such other address as Borrower may designate by notice to 1_ender as provided herein, and
(b) any notice to Lender shall he given by ccnificci mail, return receipt requested. to Lender's address stated herein or to
such other address as Lender may designate by notice to Bormwer as provided herein. Any notice provided for in this
Mortgage shall be deemed to have been given to Harrower err Lender when given in the manner designated herein.
1S. Uwitors Morigsge: Goverwisx LsN: Scrersbility. This form of mortgage combines rmiform covenants for national
use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument ooverirtg 4
real property. This Mortgage shall !~e 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 shall not aged
other provisions of this Mortgage or the Nnte which can be given effect without the conflicting provision, and to this
end the provisions of the Mortgage and the Nate arc declared to be severable.
1L. >don+ower's Copy. Borrower shall be furnished a conformed copy of the Note and of this Mortgage at the time
of execution or after recordation hereof.
17. Trswsfer of the lrto'erty: Assuwiptiow. If all or any part of the Property or an interest therein is sold or transferred
by Borrower without Lender's prier written consent. excluding tat the creation of a lien or encumbrance subordinate to
this Mortgage, (b) the creation of a I+urchace me•ney security interest far household appliances. (e) 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 it to be ca1J or transferred reach agreement in writing that the credit of each person
is satisfactory to Lender and that the intere.t Fayable 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
a successor in
interest has executed a written assumption agreement accepted in writing by Lender, Lender shall release Borrower (ran all '
obligations under this Mortgage and the Nc?te.
ff Lender exercises such option to accelerate, Lender shall mail Borrower notice of acceleration in accordaric-e 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 ~xlared due. If Borrower fails to pay such arms prior to the expiration ~af rush period.
Lender may, without further notice or demand on Borrower. invoke any remedies permitted by paragraph I R hetraf.
Norr-UNIFORM CovENAN7s. Borrower and Lender further covenant and agree 8 tollown: }
lg. Accelcraliorr: Rerwedks. Except etc rrorfaea N psragrspr 17 rereof. rtpow Mrrewes's Meech of ay covewaw/ K 1
sgtrecwreat of 111orrower b fits Mortgage, bcltiaiaR ere corewsNs to psy whew awe swy sttnws seemed h rile MotrtRagrc. Ltttaaer ~
ptrior to sceckrstloa shat! mail twtice to Borrower as rrovidea h pragtspr tI reread speettyhrg: (1) the rreser: (2i the setbw c;
cegtrirca to cue stscr bitterer; (3) a date. wet less thaw 30 days trotw ere date the wotkt Y walk! b)torrswer. r!' wrier serer
Mewcr rwtat be cued: awe (4) fist failwrtc M erne after bnacli ow o< fefore ere Gale speefdea M ere works ttasy trestrlf iw
accdcrstbw of ere srtws seetrrca by tits Mortgage. ts•celosrre r7' jttafeial prsceeilog owl sale sf ere hoperty. Tire wetke.
sraN fattier iwfonw Borrower of ere triRM to reirMMe after seeekrMbw owe ere 1rigM b aosert iw ere tatielsarre prtsescaliwg
ere wow-existence of a detaak or sy otter aefet~c of Il<orrewer a sceeleratiew ewer fortclawie. N Ire Moser k wet swot ow
a before ere date s'cei6ea iw ere wotice. Lender at I.cwaer's episw way aeerwY aB st ere tttturrs ttt:cwtrea bf tits MortgsRe M re
imtwedistely dwe swi pyabk without fwrthn demand awd mil' fotrteMse Nils Mort~e r!' jaiei.l pneeeaiwR. LendercrW
be etstitka to coBeet f+r swcr proteedittg all expenses of forcdoswre. iwchtaitug. rtM wet Ywritea b. reasowsbk attnrnrr's fees. '
artier costs of aoetrrwestary eridewee. sMtrsets sad title rrports.
ig. >Rorrower's Rklrt to Reiwstate. Notwithstanding Lenders acceleration of the sums secured by this Mortgage,
. Borrower shall have the right to have any proceadingc be},?in by Lender to entarce this Mortgage discontinue) at any time
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