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tender's written agreement or applicable law. Borrower shall pay the amount of all mortgage insurance premiums in the
manner provided under paragraph 2 hereof.
Any ama~nts disbursed by .l.tndcr pursuant Io this paragraph 7, with interest thereon, shall become additional
indebtedness of Borrower secured by this Mortgage. tlnletis Borrower and I.enDer agree to other teens of payment. such ~
atntxtnts shall he payable upon notice from Lender to Bormwrr rcgttestinR payment thereof, snd shall bear interest from the
date of disbursement at tht± me payahk from lime to time on outstanding principal under the Note unless payment of
interest at such rate would be contrary to applicable law, in which evens ~cuch amounts shall Dear interest at the. highest rate C
permisst'bk under applicable law. Nothing contained in this ra ra ~ sh tl
any action hercutrder. Pa g PIt a require [:ender to incur any expense of take
IttuPtcNow, lender rosy make or cause Io l,e made reasonable entries upon and inspections of the Property. provided
that Lender shall give Borrower notice pri,.r 1o any such inspection specifying reasonable cave therefor related to Leader's
interest in the Properly.
9 Cott~letwtsatlow. The proceeds of any award a claim for damages, dirtxt a consequential. in cotaroctioa writh any
condemraaiton or other taking of the Property, or part thereof, or for conveyatrce in lieu of eondemaatioa. are hat:bq assigned
and shall be paid to Lender. 4
In the event of a total taking of the Property, the ~
proceeds shalt be applied to the sums secured by tha 1V/odgage.
with the extxs:. it any, paid to 8orrmver, In tltc event of s partial taking of the Property. unless Borrovrtr and Roder
otherwise agree in writing, there shall bt applied to the sums secutt;d by this Mortgage such proportion of the goeeeds
as is equal to that proportion which the amount of -the sumt secured by this Mortgage imtnediatety prior to the date o[
taking bears to the fair market value of the Property immediately prior to the date of taking, with the balance of the proceeds j
paid to Borrower. _
If the Property is abandoned by Borrower. or if. after notice by i_ender to Borrower that the condemnor oAen to ttralte ~ i
an award or settle a claim for dama¢c~. Borrower fails to respond to Lender within 30 days after the date such noting is
mailed. Lender n authorized to cMlect and apply the proceeds, at Lender's option, either to restoaitora or repair o[ the
Property or to the sums cccure:d by this Mortgage. i
•Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shat) not extend #
or postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of f
!xh installments. ~ ~
19. )dorrower Not Rekasel. Extension of tltt time for payment or modification of amortization o[ the ~wms t+ecured
by this Mortgage granted by Lender to any successor in interest of Borrower shall not operate to release, in any manner,
the liability of the original Borrower and Borrower
s successors in interest. Lender sh:Il not bt required to eommetree
proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of Iht sums ,
secured by this Mortgage by reason of any demand made by the original Borrower and Borrower's successors in .iMCrest. i
~ 11. Forbearawce try Lewder Not w Waiter. Any fotf+tarance by [.ender in exercising any right or remedy hereunder, or
otherwise afforded by applicable laws shall not be a waiver of or preclude tht exercise of any such right nor raggedy.
The procurement of insurancy~r the payment of taxes or other liens or charges by Lender shall not be a waiver'bf Larder's
right to accelerate the maturity of the indebtedness secured by this Mortgage.
12. Remedies CtrrwaWite. Atl remedies provided in this Mortgage arc deflect and cumulative to any other right a
remedy under this Mortgage or aRorded by law or equity. and may be exercised concurrently, independently or woces:ivdy.
' 13. S.ccasors awd Atatgws bawl; .Joiwt sari Seteral i.iabNity; Capdsrrs. The covenants and agreemrnts herein
contained shall bind. and the rights hereunder shall inrtre to. the respective successors and assigns of Lender sttd Hortower.
subject to the provisions of paragraph i7 hereof. Ail covenants and agreements of Borrower shall be join and several. s
The esptions and headings of the paragraphs of this Mortgage arc for convenience only and an riot to be used to
interpret or define the provisoes hereof.
14. Notice. Except for any notice required under applicable Isw to be given in another manner, (a) any notice to 3
Borrower provided !or in this Mortgage shall be given by mailing such notice by certitkd mail addressed to Borrower at
the Property Address or at such dhcr address as Borrower may designate by ndice to Tender as provided herein, and
(b) any notice to Lender shall be given by certified mail. return receipt requested. to [.trader's address stated heron or to ~
such other address as Lender may designate by notice to Borrower as provided herein. Any notice provided for in this
Mortgage shall lx deemed Io have been given to Borrower or lender when given in the manner designated hereira.
1S. Ualtorm Mortgage; Gorerwitrg i,ar.; Severability. This form of mortgage combines uniform covenants for national
ttse and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument oovrrirrg ~
real property. This Mortgage shall t±e governed by the law of the jurisdiction in which the Property is located. In the {
-event that any provision or claust of chic Mortgage or the_Noie conflicts with. applicable law, such conflict shall not aRtet
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 Note arc Declared to be severable.
lf. Illorr~uwer's Copy. Borrower shall be furnished a conformed copy of the Nott and of this Mortgage at the time
of execution or after recordation hereof.
17. Trswsfer of tit Pro~edy: Assamptiow. If all or any part of the Property or an interest thert:ira is sold or transferred
by Borrower without Lerader's prior written consent. excluding fat the oration of a lien or encumbrance subordinate to -
this Mortgage, (b) the crcattr+n 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 (dt the grant of any leasehold interest of three years or less .
not containing an option to purchase. [.ender may. at lender i option, declare aN 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 Properly is t,. be co1J or transferred reach agreement in writing that the credit of such person s
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 Borrower's sttceessor in
interest has exscuted a written auumption agreement accepted in writing by Ltrader, Lender. shall release Borrower trortt all
obligations under this Mortgage and the Note.
if Lender exercises such option to accelerate. Lender shall mail Borrower notice of acceleration in accordance vrith
paragraph i4 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 v glared due. 1f Borrower fails to pay such sums prior to the expiration of such period, t
Lender may, without further notice or demand on Borrower, invoke any remedies permitted by paragraph iR hereof. t
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Noy-I.INIFOttM CovENANTS. Borrower and Lender further covenant and :gyre as follows: i
li. Accekratiow; Reatedks. Lseept ~ provided iw pragra'i 17 Irereo/. tapw •orrowa's Traci e1 trwy cotewawl K
agreewrewt of Eorrower i. tAts Mortgage. iwcltrdiwg tie corewattls to posy wig. tae arty sattss stcwel i7' tlrk lMarfRage. I.ewler
prior m accekrwtiow stall mtrii notice to aorrower a Protfded tw Paragrapi 14 hertol specifykg: tl) tie ireaci: t21 tie trcttow
tegairtel to erne secs irraci: (3) a date. ant less than 30 days irorw tie late tie toMice b twaikl to >totrower. i7' wild steel }
IrtKwci twtat bt ntred: acrd (4) trraf tailart fo care strci bread ow or tieioi~e tie late speeNel M tie wotkt ttpy resttN M
sxcdcrafiotr of tie stuns stctrrrd iy tits Mortgage, fertelowrte h l~W N' artl stele at tAe ?noperty. Tire nel{te.
siaN fattier iwtorwr eon+uwer of tlrt rtgM to reittsfsfe after acYelerwtiow surd tie right b aced hr fire terrt+elsarre /sotseisR
tit ulna-existtrrct of a defitrk or asy ottxr dcferase of borrower to aeteleratbtr trwd foreclowre. N tie Mead is wet esr~tl err
or iefore tAe date s*eeiGtd is tie wt?tice. i,ender at Lender's o'ttow ttswy declare r et fie s.wrs seearar ~ file Mortgage M k
uwttsediatdy doe asd payable witlaat farther demand and arsy foreclose this Mortgage iT j.dkW /rreeeliwR. Lender slap
. be etNitltd to collect is, strci proceediwg sN espewses of foreclosure. Mclaliag. iaf wN Bwritr!l fo. reasonable s1t•,rner's .fees.
wtad costs d locrtttrerBary etidcnee, abstracts and tick reports.
19. >sorrowee's Right to Reiwsts>te. Nolwithttand,ng I ender's acceleration of the sums secured by th,s Mortgage.
Borrower shall have the right to have any proceed,ncc beNm by Lender to enforce this Mortgage discontinued at any time j
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~o~~ 337 PEE 915