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Lender's written agreement or applicable law. Borrower shall pay the amount o[ all mortgage insurance praniutns in the
manner provided under paragraph 2 hereof. •
Any amatnts disbttrscd by Lender purswnt to the paragraph 7. with interat thereon. shall become additions!
indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender a toe to~Q~ r sQ~ of payment. such
amounts shall be payable upon notice tram Lender to borrower requiting payment tl; trt, t}ha~1 bear interest from the
date of disbursement at the rate payable from tithe to time on outstanding principal under the Note unless payrttettt of
interest at such rate would be contrary to applicable law, in which event such amounts shall bear interGSt at the hitltat rate :
permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
any action hereunder.
Ile Itasrectbw. Lender may make or cause to be made reasonable entries upon and inspections of the Property. provided
that Lender shall give Borrower notice pricer to any such inspection specifying reasonable cause therefor related to Lender's
interest in the Property.
9. Cotsdewwatit?w. The proceeds of any award or claim for damages, direct or consequential, in conrtoction with any
condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation,.arc hereby assigned
and shall be paid to i~nder.
in the event of a total taking of the Property. the proceeds shall be applied to the sutras secured by this Montage.
with the excess, if any, paid to Borrower. In the event of a partial taking of the Property. unless Borrower and Lender
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 of the sums secured by this Mortgage immediately prior to the data of
taking bears to the fair market value of the Property immediately pricer 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 offers to make ~
an award or settle a claim far damages, Harrower fair to respond to Lender within 30 days after •the date such tatiee 13
mailed. Lender is authorized to collect and apply the proceeds. at [~rtder's option, either to ratontion or tepair.ot t6a
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 postpot+s the due date of the monthly installments referred to in paragraphs 1 and 2 heroof or change the amount o[
such installments.
10. Eorrowcr Not Released. Extension of the time for payment or modification of amortization of the wms 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 Harrower i succisars in interest. Lender shall not be required to commt:noe
proceedings against such successor or 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 original Borrower and Borrowers wccessson in interest.
11. l~orbearaace by Lewder Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or
otherwise afforded by applicable law. shall hat be a waiver of or preclude the exercise of any such right or rttnedy.
The procurement of insurance or 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 indebtedness secured by this Mortgage.
12. Retatt:dks CtrwuWhe. All remedies provided in this Mortgage arc dtstittct 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. Swccessors swd As+siRws Douwd:.Joiat srta Several i.iability; Captloas. The covenants and agreements herein
contained shall bind, and the rights hereunder shall inure to. the respective succtscors and assigns o[ Lender apd Borrower.
subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be joiry and several.
The captions and headings of the paragraphs of this Mortgage are for convenience only and ar+e not to Ile 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 Mortgage shall be given by mailing such notice by certified mail addressed to Borrower at
the Properly Address or at such other address as Borrower may designate by notice to Lender u provided herein. and
(b) any notice to Lender shall he given by certified mail. return receipt troquited, to Lender's address stated herein or to
such other address asZ.ender 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 when given in the manner desitnated herein.
IS. Uwitorw Mortgage; GoveruiwR I.aw; Set'erabbity. 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. This Mortgage shall be governed by the law of the jurisdiction in which the Property is located. In the
event that any provision or clause of this Mortgage ar the Note conflicts with applicable law. such conflict shall not affect
other provisions of this Mortgage or the Nate which can be given eBect without the conflicting provision, and to this
end the provisions of the Mortgage and the Note are declared to be severable. -
If. Ilbrrowter's Cory. Borrower shall be furnished a conformed cop~• of the Note and of this Mortgage at the titre
of execution or after recordation hereof.
17..Trawder of the Proreny; Asswrnptiou. if al! ar any part of the Property or an interest therein is sold or transferred
by Borrower without Lender's prior written consent. excluding (a) the creation of a lien or encumbrance wbordinate to
this Mortgage. (b) the creattan of a purchase money security interat for household appliances, (c) a transfer by devise.
descent or by operation of law upon the death of a joint tenant or fd) the grant of any leasehold interest of three years or less
rat containing an option to purchase, Lender may, at Lender
s option, declare all the sums secured by this Mortgage to be
immediately due and payable. Lender shall have w•rived such option to accelerate if. prior to the sale or transfer. Lender
and the person to whom the Property is a~ be call ar transferred reach agreement in writint that the credit of such person
is satisfsctory to Lender and That the interact payable on the sums secured by this Montage shall be at :ttch rate ac Lender
shall request. If Lender has waived the option to accelerate provided in this paragraph 17, and if Borrower
s successor in
interest has executed a written assumption agreement acceptod in writing by Lender. Lender shall release Borrower tram all
oblisations under this Mortgage and the Note.
If Lander exercises such option to accelerate. Lender shall mail Borrower notice of acceleration in accordance with
paragraph 14 hereof. Such ratite shall provide a period of not less than 30 days from the date the notice is mailed within ,
which Borrower may pay the wrns declared due. If Borrower fails to pay such sums prior to the expiration of wch period,
Lender may, without further notice or demand on Borrower. invoke any remedies permitted by paragraph 1t hereof.
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Note-UNIFOnM CovetveNrs. Borrower and Lender further covenant and agree as follows:
1~ AccderaitioK Reweales. Except tr rrovYea iw raratrarb 17 rersot. throw •orrs+snrs Meaett et a.y cove.nrt ar -
' ta0reewewt of •orsrower b tris Morttate. Iwtlwiiat trc eortn>•rtts to [w7 carts iwe awy sttsws seewrsi ti Iris Morttate, l.ea4er
rtrior to seetekrmow anti wail .otlce to Ronwwer s rrovl/c+ b rwratrap614 hereof ,reclt~l.t: ttte rse.cr; fs) the aefkw
netwiea b ettste ssucr rrta~ (3) w rMe. wot las thaw 3t days trove tre Gate He tsetiee is waxed N >>srrower. ~ whh; saver
rtrteaer ttatsst re etsre~ ttwd (4) traR taYwre to strati strcit 6treatr ow or rdore tre tWe getifiad r tre ttwtke way tesdt b .
t aeeslerafisw d tre scar seewretl 6y tris MorttsRe. /wrecioswrr ti jwtllcW *roetiedittt tttttt sale of tre h+sreryr. Tre wtKies
ttltaN turtrer iwtorw >>.rrower d tre ritM N rteMstatt aNer aretleratiow tttsi the rltrt b assert r tre tortteloswre rsoessit
~ ~e wow•e:Metsce M a tie6rtlt or stq firer tietetwe M iorrower to wccelerMiew ttwtl torr<tllowute. N tre rtteaelt is oof cwrsi as
s+r rtdore Ire true yecliietl i• tre taotice. lewder at I.ewier's ortiow caw eeslase ttit at tre tatnw stewni b erb MsrttaRe ti re
. iwwseitlely titre awtl ryaNe ..ilro.t t.nrer dcwtand ttwtl wsy ferselase tits MertZate rr f w+kl.l r.aesdiwR. L.nds..ran
k ewWki t• coarser V rarer rrseetrirtt aM exrtmses at forecloswre. iwcrs/i¦`. bwt s»t lrwifeti M, rreasnuiie stt.xweYs ftra.
ttri oeAs M isetst~ewtary eriaewce, abstrwcb arrtl tick Krorb.
1!. )sorss?wa's Ritrt b RdtMtata Natwithslattding Lenders accekrstion of the sums secured by thu Montste,
Borrower shall have the right to have any proceedings heEun by Linder to enforce this Mortgage di:continuod at any time
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