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Lender's written agreement or,spplicabb law. Bortortrer altall pay fire amount of all mortgage insurance premiums is the
manner provided under paragraph 2 hereof.
Any amounts disbursed by Lender purslrant to this paragraph 7, with interest thereon, shall become additional
indebtedness of Borro~~secured by this Mortgage. Unless Borrower and Lender agree to atlle`r~Ipwls•gF'~armer><. such
amounts shall be paya~bk upon notice from l.eoder to Borrower requesting payment thereof, and s1r~N heal' interest from the
date of disburstxrrertt at the rate payable from time to time on outstanding principal under the Note unless pajrrrtewt of
interest at such rate would be contrary to applicable law, in which event such amounts shall bear interest at the highest rate
permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or trite
any sction hereunder.
Iwsptetiaw, i.ender may make or cause to be made reasonable entries upon and inspections of the Property. provided
that Lender shall give Borrower ndic~e prior to any such inspection specifying reasonable cause therefor related to Fender's
interest in the Property.
9 Cowierwwatisw, The proceeds of any award or claim for damages, direct or consequential, in connection with any
catdemnation or other taking of the Property, or 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 aectrred by this Mortgage.
with the excess, if any, paid to Borrower. In the event of a partial taking of the Property. unless Borrovrer and Larder
otherwise agree in writinlt. there shall be applied to the sums secured by this Mortgage such proportion of the proceeds
as is equal to that proportion wfiich the amount of the some secured by this Mortggge 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
paid to Borrower.
If the,Property is abandoned by Borrower. or if. after notice by 1_ender to Borrower that the oondemtar oRers to make
an award or settle a claim for damages. Borrower fails to respond to Lender within 30 days aher 'the date such notice la
mailed, Lender is authorized to collect and apply the proceeds, at Lender's option, either to restoration or repair o[ tlse
Property or to the sums secured by this Moriltalee.
Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend
a postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of
such installments.
ltl. Borrower Not Rekasei. Extension of the time for payment or modification of amortization of the sums scented
by this Mortgage granted by Lender to any ctrccecsor in interest of Borrower shall not operate to release. in any manner,
the liability of the original Borrower and Brrrowcr
c successors in interest. Lender shall not be required to commence
proceedings against such strocessor a refuse to extend time for payment a dherwise 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 b7 Portlier Nat s waiver. Any fort+earance by Lender in exercising any right or remedy hercurtder, or
otherwise aBorded by applicable law. shall not be a waiver of or preclude the exercise of any such right or remedy.
The procurement of insurance or the payment of taxes or other liens or charges by Lender shall not be a waiver of Latda's
right to acceknte the maturity of the indeMedness secured by this Mortgage.
1=. Retae4ies CwahNn. All remedies provided in this Mortgage arc datinct and cumulative to any other right or
remedy under this Mortgage or afforded by law or equity, and may be exercised concurrently, indepertdrntly or suooasively.
13. Swrcesaors awl AstRws lsorrai .[Dint anti Several I.L6iity; CapMows. The covenants and- agreeatatts herein
contained shall bind, and the rights hereunder shalbintrlrb to. the.respoctive strccesson and assigns of Lrnder sad Borrower.
subject to the provisions of paragraph 17 hereof. All covenants and agreemrnts of Borrower shall be jarl and several.
The captions' and headings of the paragraphs of this Mortgage are for convrnience only and are not to Ile used to
interpret a define the provisions hereof.
14. Natkt. Except for any mice required under applkabk law to be given in another manner. (a) any notice to
Borrower ptovidod for in this Mortgage shall be given by mailing such notice by Certified mail addressed to Borrower at
the Property Address or at such oboe address as Borrower may designate by notice to Tender 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 deemed to have been given to Borrower or Lender whrn givrn in the manner daagnated herein.
lS. Uwitonw Mortgage; Go~ersiag Law; Se•erabilBy. This 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
'i real property. This Mortgage shall be governed by the law of the jurisdiction in which the Property is located. In the
evrnt that any provision or clause of chic Mortgage or the Nae conflicts with applicable law, such conflict shall not' affect
f other provisions of .this Mortgage or the Note which can be givrn eBtet without the conflicting provision, and to thes
end the provisions of the Mortgage :nd the Note arc declared to be severable.
lti. •osrower's Copy. Borrower shall be furnished a conformed of the Note and of this Mortgsge at the time
of execution or after recordation hereof. -
17..Trawsfer of the 1Moperty; Aswasptiow. Tf all or any part of the Property or an interest therein is sold or transferred
by Borrower without Lenders prior writrcn consent. excluding (al the creation of a lien or encumbrance wbordinate to
this Mortgagt, (b) the crcatron of a l+urchace 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 gent of any leasehold iMereat of three yeah a less
not containing an option to purrhsse, Lender may, at Lender's 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 n t~~ be cold or transferred reach agreement in writing that the credit of such person
is satisfactory to Lender and that the iMerc~st payable on the sums secured by this Mortgage shall be at such rate as Lender
shaft regnat. Tf Lender has waived the option to accelerate provided in this paragraph 17, and i[ Borrower's successor in
interest has executed a written assumption agreement aotxpted in writing by Lender. Lender shall release Borrower from all
obljptitirts under this Mortgage and the Nae.
I[ [,ender exercises such option to aceekrate, Lender shall mail Borrower notice of accekntion in accordance with
para~graplt 14 hereof. Such notice shalt provide a period of not less than 30 days from the dste the notice is mailed within
which Borrower may pay the tyros declared due. if Borrower fails to pay such sums prior to the expiration of such period,
Lender may. without further notice or demand on Borrower. invoke any remedies permitted by paragraph 18 hereof.
i Nair-Ut+ttaottnt Cavtrrsr~rrs. Horro+rrer and [.ender further covenant and agree as topo+vs:
ifi. Aardesatiawl Rewsi. iltuept aft prrovYei M paragraph 17 berear. trpow >lKnwers breaett at M7' awe¦awt K
E agr+aeswt atT iiernwer r tfri Maa~age, Iwcltrilrt~ the cwewaaMs 10 pq whew lwt ~ ratwra atewrsl b7' this Mor~age. Lewier
r prix M aceaieaatlaw sfaM mtM axslke N Raerrwer as prorliN M paragraph 141rerear spaelfylagt (1) the baewcb; ft) the ardMw
ss~lral N etrse staett ireaebt (3) a ire, wet ias Ibarr 3• isp morn the late the wMke Y wtaiai M Baesrwer. by wbiicb stack
bwwer mart be c¦re~ a¦i (4) that tailwe N once web breach ow ar blare the ire apsaiBei r the wotlee way reaak V
ace+elentlaw at tbK swtws accrasl b tbi Merigage, fiasaiawre b !r'aeeelMtg awl style ar flee heperty. 'I11e watlee
sba/ twatber i¦tanw Iteasrrwer d tMeriRbt N reiwstate site weeekratiow awl the rlgM M avert V rite rer+eefaawra psoc+eaitg
tltie wow~isrewee at a lerawlt w awy tether lereane of Derrower N axcekratlaw awl tareeiowre. fl tbK btreaer Y vat coral M l
ar berire tie ire apaeiiai `ebe watiet. Fowler as i.ewier"s aM~! way declare r ail the atrwr aeewrsl ~ Iltia Martptlps a be
iawselirey iwt: awl payaYe witbartt ttwiber drwr~wd awe way rreel..e tfria M«twe br Ir+kW r+a«+1¦R- I.ewdw +fa~ t
be etirel N eailiad r atrcr pneeeiiwg ar espewsa of torcckstsre. Iweitrifag. bwt trot BriMai it?. reasowable snxaev's tea.
ail arls.r l.es-wewtary e.liewce, abatrwels awl title repfrrls.
1!. >farsrrwet's Rtsbt N R~elaMata NotwithstandinE Lenders aooekration of the stems setaued by thr_ Mortgage,
Borrower shall have the right to have any proceedings heEun by Lender to en[orrx this Mortggge discontinued at any time
i
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