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I.endcr's written agreement or applicable low. Borrower shall pay the amount of all mortgage insurance premiums in the
manner provided under paragraph .2 hereof.
Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shall become additional
. indeMednesc of Borrower secured by this Mortgage. lJnle~s BORpwcr and Lender agree to other terms of payment, such
amounts shall he payable ulxin notice from Lender to &~rrowcr rcgttestinR payment Thereof. and shall ar interest from the
date of disburxment at, the rate payable from titre to time an outstanding principal untN4 ~ {unless payment of
interest at such rate would bt contrary to applicable law, in which event •sttch amounts shall hear interest at the highest rate
permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or Take
any action hereunder.
iL IlttFectiow. Lender may make or cause to be made reasonable entries upon and inspections of the Property. provided
that Lender shall give Borrower rn,tice prior to any such inspection specifying reasonable cause therefor rNated to Lender's
interest in the Property.
9. Cowdemratbu. The proceeds of any award or claim for damages, direct or consequential, in connection with any
condemnation or other taking of the Property, or part thercot, or for conveyance in lieu of condemnation. ate hereby stwigned
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, ttnkss Borrower and Lender
otherwise agree in writing. there shall be applied to the sums secured by this Mortgage such proportion of the proooeds
as is equal to that proportion which the amount of the sums secured by this Mortgage immediately prior Io the date of
taking bears 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 Lender to Borrower that the condemnor often to make
an award or settlz a claim for damages. Br•rrt~wer fail. to respond to Lender within 30 days after the date such notice is
mailed. Lender is authorized to collect and apply the proceeds. at Lender's option, either to restontiun or repair of the
Property or to the sum. secured by this Mortga1ee. '
Unless [.ender and Borrower otherwise agrce in writing, any such application of proceeds to principal shall not extend
or pistpone the due date of the monthl}• installments referred to in paragraphs. 1 and 2 hereof or change the amount of
such installments.
l0. Borrower Not Released. Extension of the time for payment or modification of amortization of the sums secured
by this Mortgage gnntcd 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 successors in interest. Lender shall not be required to commence
proceedings against such successor or rctttst to extend time for payment or otherwise modify amortization of the sums
secured by this Mortgage by reason of any demand made by the original Borrower and Borrowers successors in interest.
~ 11. Forbearance by Lender NM a R?sirer. Any farhearance by Lender in exercising any right or remedy hereunder, or
otherwise afforded by applicable law, shall not be a waiver of or procltrde the exercise of any such right or remedy.
The procurement of insurance Qr the payment of taxes or other liens or charges by Lender shall not be a waiver of Lender's
right to accelerate the maturity of the indehtedneu secured by This Mortgage.
12. Remedies Cmm~latire. All remedies provided in this Mortgage are distinct and cumulative to any other right or
remedy under this Mortgage or afforded by law or equity, and may be exercised concurrently, independently or successively.
' 13. Sweeessors and Assigws Taound:.Joint awd Several Liability; Captions. The covenants and agreements herein
contained shall bind, and the rights hereunder shall inert to. the respective successors and assigns of Lender acrd Borrower.
subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be jolty and several.
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 provisions hereof.
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 Martgaee shall bt given by mailing such notice by certifkd mail addresxd to Borrower at
the Property Address or at such other address as &?rrawer rosy. .designate by notice to Lender as provided herein. and
(b) any notice to Lender shall he given by certified mail. return receipt requested. to tenders address stated herein or to
such other address as Lender may designate by notice to Barrawer as provided herein. Any notice provided for in this
III Mortgage shall be deemed to have been gwen to Borrower ar Lender when given in the manner designated herein.
~ 1S. Uaitorm Mortgsge; Governing law: Severability. This form of mortgage combines uniform covenants for nations)
~ use and non-uniform covenants wish limited variations by junsdiction to constitute a"uniform security instrument covering
f real property. This Mortgage shall Ise governed by the law of the jurisdiction in which the Property is located. In the
event that any provision or claux of this Mortgage ~r the Note conflicts wish applicable law, such conflict shall not affect
other provisions of this Mortgage or the Notc 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 xverable.
16. >sorrower's Copy. Borrower shall be ftr?nishcd a conformed copy of the Note acrd of this Mortgage at the time
of execution or after recordation hereof.
17. Tratrster of the Property: Assumption. If all or any part of the Property or an interest therein is said or transferred
by Borrower without Lender's prior wan. n amxm. excluding (al the creation of a lien or encumbrance subordinate to
this Mortgage. (bl the crcahon of a pwchase m~•nc}• security mtcrcst far houxhold appliances, (c) a Transfer by devise,
E descent or by operation of law upon the death of a ji~~nt tenant ar 1d? the grant of any leasehold interest of three years or less
~ not containing an option to purchase, (-ender may. at Lender's apdon, declare all the sums xcurcd bg this Mortgage to be
immediately due and payable. fender shall have waived such option to accelerate if, prior to the sale or transfer. Lender
F and the person to whom the Property is a• be .oIJ or transferred reach agrc~ment in writing that the credit of such person
is satisfactory to 1_ender and that the intcrc.t Fayable on the sums xcurcd by this Mortgage shall bt at such rate as lender
shall request. If Lender has waived the aptian ro accelerate pravided in this paragraph 17, and if Borrower i successor in
interest has executed a written assumption agreement accepted in writing by Lender, Lender shall release Borrower tram all
obligations under this Mortgage and the Note.
If Lender exercixs•such option a. accelerate. Lender shall mail Borrower notice of acceleration in accardancc 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,:clared due. I( Borrower fails to pay such sums prior to the expiration of such periad,
Lender may, without further notice or demand on Borrower. invoke any remedies permitted by paragraph Itt hereof.
NoN-UNIFORM CoveN~NTS Borrower and Lender further covenant and agree as follows:
iti. Accekratiow; Remedies. Except as provided iw paragraph 17 hereof. trpow Tflotmower's breach of a.y corewaM er
~ agrecmcwt of Eorrowcr iw Ibis Mortgage. including the corewsats to pay whes fine awy sums secured by this Mortgage. Lewder
6 prbr to accelerstbn shall mail rrotke to Borrower w provided iw paragraph 14 hcreot specNyittg: (1) fbe breach; 121 the adbw
trr:gtrired to cwre such bresch; (3) a date. wo1 less Thaw 30 days from the date the notice d uailed to Borrower. by wbkb streb ~
btrcscb mice be cwrcd; awd (1) that tailnrc to care such bnscb ow or before the dale specifed h the wotice may restrlt b
accekratiow of lbe wms secured by this Mortgage. torcclosnnt b jndkial proceedbgg awl tWe of the Property. The wollce
sbaN fwrtber iwtorm lorrower of the right to «ittstate filer sccekratbw swd the right b awert h the torecloswre proteedlwL
~ the wow-existewtt of a detauk or say other defewce of Eorrower to wccekratbw awd tareclowre• H the breach is wM ewrei ow
' or before the date specified iw the wotice. Lender st Lender's optiow say declare ant of the wwts secured by this Mortgage to be
imaediately due and paysbk without tnrther demand and rosy toreclase this Mortgage by jwdkW proeeedMR• I.ender-chaN
be ewtitkd to aollcel b web proceeding afl expenses of foreclosnrc. fwcltrdiwg. bwt woe fiimiled to. nssowsbk stturney's fees.
and costs of doewrwerrtary evidence. abstracts and title reports.
19. (borrower's Right to ReiwslMe. Notwithstanding 1 ender's acceleration of the sums xcurcd by Ih~s Mortgage.
Borrower shall have the right to have and prcxerd~nc+ tw~irn by lender to enforce the Mortgage dnconUnutd ..t any time
Jt~ PA&f
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