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Lender's written agreement or applicable law. Borrower shall pay the amount of all mortgage insurance premium: in the
manner provided under paragraph 2 hereof.
Any amounts dishursed. by Lender pursuant to this paragraph 7, with interest thereon. shall become additional
indebtedness at Borrower secured by this Mortgage. Unless Borruw•cr and !.ender agree to other terms of payment. such #
amcxtnts shall be payable upon notice from Lender to Borrower requesting payment thcrrnf. • ~ D~~
jnterest from tM
date of disbursement at the rate payable froth time to time otr artstanding principal undeir the ~ote unless payment of
interest at such rate would be contrary to applicable law, in which event Much amounts shall bear interest at the highest me
perrnissibk under applicable law. Nothing axrtained in this paragraph 7 shill require I:ender to incur any expense or take
any action hereunder. _ ;
f1. lws}ectiow. Lender may make or cause to be made reasonable "entries upon and inspections of the Property, provided
that lender shall give Borrower notice prior to any such inspection specifying rcaronabk cause thtatefor related to Larder's
interest in the Property.
9. Cowdewswatiow. The proceeds of any award or claim for damages, direct or consequential. in connection widr any
condemnation or other taking of the Property. or part thereof, or for eonveyatroe in lieu of condemtgtion~ are hereby ataigtred
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 Leader
otherwise agree in writing, there shall be applied to the sums secured by this Mortgage such proportion of the: proceeds
as is equal to that proportion which the amount t+f the sums secured by this Mortgage immediately prior to the date of ~
taking bears to the fair market value of the Property immediately prior to the date of taking, with the balatrtx of the proceeds
paid to Borrower.
If the Property is abandoned by Borrower. or if. after notice by lender to Borrower that the condemnor offers to make
an award or settle a claim for damages. Borrower fail. to respond to Lender within 30 days after the dale such notice is ~
mailed. Lender is authorized to collect and apply the proceeds. at fender'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.
iflt. fflorrower Not Released. Extension of the time for payment or modification of anrortizairon of the sums secured '
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 Borrowers successor in interest. Lender shall not be required to commence
proceedings against such successor or refuse to extend,time for payment or otherwise modify amortizstion of the sums
secured by this Mortgage by reason of any demand made by the original Borrower and Borrower's urccessoss in interest.
~ 11. Forbcsraace by i.eader Not s N?afver. Any fortxarance by i_ender in exercising any right or remedy hereunder, or
otherwise afforded by applicable law, shall not be a waiver of or preclutk the exercise of any such right or remedy.
The procurement of insurance Pr the payment of taxes or other liens or charges by Lender shall not be a waiver of Leader's
right to accelerate the maturity of the indebtedness secured 6y this Mortgage.
12. Rewxdies Cwwruhtive: All remedies provided in this Mortgage arc distinct and cumulative to any other right or
remedy under this Mortgage or alfordcd by law or equity. and may be exercised eoncurtently, independently or successively.
' 13. Successors and Assigns fliowad; Joint awd Several I.isbiiily: Caplerrs. 'lire covenants and agreements herein
rnntained shtrll bind, and the rights hereunder shall inure to. the respective successor and assigns of Lender sod Borrower.
subjeM to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be joir~ and sewers!.
The captions and headings of the paragnphc of this Mortgage arc for convenience only and are not to be used to
interpret or define the provisions hereof_ _ 3
14. -Notice. Except for any notice required under applicable law to be given in another manner, (a) any notice to
Borrower provided for in this Mortgage shall bt given by mailing such notice by certifkd mail addressed to Borrower at ~
the Property Address or at such other address as Borrower may designate by mice 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 i
F Mortgage shall be deemed to have been given to &~rmwer or Lender when given in the manner designated harem. `
~ 1S. Uaitona Mortgage: Governing Lavr: Sererability. 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
real property. 'ibis Mortgage shall h 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 afftect
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 are skclared to be severable.
1f. )sotrrower's Copy. Borrower shall be furnished a conformed copy of the Note and of this Mortgage at the time
of execution or after recordagon hereof.
17. Trawler of tie Property: Assumption. If all or any part df the Property or an interest therein is sold or transferred
by Borrower without Lender's prior wrirrcn consent. excluding lal the creation of a lien or encumbrance subordinate. to
this Mortgage. (b1 the crcatron of a purchase money «curity interest for household appliances, (c) a transfer by devise.
descent or by operation of law upon the death of a joint tenant or (d) the grant of any leasehold interest of three yeah or less
not containing an option to purchase. Lender may, at Lender c option, declare all the sums secured by this Mortgage to be
immediately due and payable. Lender shall have waived Stich option to accelerate if, prior to the sale or transfer. Lender
and the person to whom the Property is to be sold or transferred reach agreement in writing that the credit of each person
is satisfactory to Lender and that the intcrest Fayabk on the sums secured by this Mortgage shall be at such rate ac Lender 6
shall request. It Lender has waived the option to accelerate provided in this paragraph 17, and if Borrowers successor in
interest has exocuted a written assumprion agreement accepted in writing by Lender, Lender shall release Borrower from all
obligations under this Mortgage and the Note.
if Lender exercises such option to accelerate. Lender shall mail Borrower notice of
acceleration in accordatx-< <?•ith
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 s.tclared due. If Borrower faits to pay such sums prior to the expiration of wch period.
Lender may.'without further notice or demand on Borrower. invoke any remodia permitted by paragraph IR hereof.
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Alorv-UNIFORM CoveNaHTS. Borrower and Lender further covenant and agree as tOllorrs: 4
la. Acceksatioa; Rearedia. Ift:cep as provided is pragrapr 17 rtrsof. rrpoa ifbrrarra:rs iM~tadr of say covetwN K ~
f ogreewreat of >somower b this Mortgage. laduding ere corewaNs to py whew dwe say swrrss seewrrd fay drk Mortgage. Lewder #
prbr to sctekratbw shag mail notice to ffbrrower as provldcd fa pragrapi 14 rereot spcclfpMg: p) the bssscr:Igl ere stlbw {
r+egwircd to care swcr breach; t3) s date. woe less tray 3fl days trorw ere dMe the wolfed b raailtd to fierrower. ef' wrkr swci .
~ baeach rover be cwred; awl (4) that failure to evert ssscr fareser ow or iefoste ere dale speeMed iw tie notice sway sesrrN iw
aecekratba of ere agaves tncwred by ebb Mortgage. forrcloswre ~ jwdkiai pr~sesedirtg nod sole of ere ?toperty. 'Ilre aotiesr
shall fwrlber laforsa litoriowcr of the right to rtiwsbte artier accelerNlow sad ere riglN N auserl i• ere fossxlosrste prste~eirtg
!re accsrtxisteace oft a default or say other defense of l;onower t. aecekratbw srwd fwretloasrt. K tie 6reaei b wet cwrr:~ a
or before the dste specified i. the ssotke. Lender :t t.errder's eptbw way deehre aM wt ere trttu.a seewred by trb Mortgage frw be
imasediatdy due sad pysble without trrrther demand anA near foreclose tilt Mertgade h' jwdkW M'atKdiwR. I.ender• stall
be ewtltled to cailtet Ira ewer proceeding aM espewses of forecbswre. iwchadiag. bwt wet IWted t0. rtatowablt sttursey's fees.
awl costs of doctnwewtary erideace. abstrscts and title reports.
19. fliorrower's Right to Reissstate. Notwithstand~og lenders acceleration of the sums secured by this Mortgage. }
Borrower shall have the right to have any procecd~ngc beam by Lender to enforce this Mortgage discontinued at any time #
` a 339 P~ 752