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Lender's written agreement or applicabb law. Borrower shall pay the amount of all mortgage insurance premiums iw the
manner provided under paragraph 2 heroof.
Any amounts disbursed by 1_ender pursuant to this paragraph 7. with interest thereon, shall become additional
indebtedness of Borrower xcur+ed by this Mortgage. Unless Borrower and I.cndcr agree to other terms of payment. such
amounts shall be payable trporr notK-c from I.cnder to Borrower requesting payment thereof, and shall bear interest from the
data of disbursement at the me payable from time to time on outstanding principal tmdFr the I~otC~unkss payrneurt 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 take
any sction hereunder.
g. lmpeetioa, t.cnder may make or cause to he made reasonahk entries upon and inspections of the Property. provided
that lender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Larder's
interest in the Property. -
9. Cowlewrption. 'The proceeds of any award or claim for damages, direel or conxquential, in connection with any
condemnation or other taking of the Property, or pan thereof, or for conveyance in lieu of Condemnation, are hereby sssigned
and shall be paid to Lender.
In the event of a total taking of the Property, the proceeds shall he applied to the stuns secured by this lworigage,
with the excess, if any, paid to Borrower. In the event of a partial taking of the Properly. unless Borrower and Larder
otherwix agree in writing. there shall be applied to the sums xcurcd by this Mortgage such proportion of the prooeetls
as is equal to that proportion v?•hich the amount of the sums secured by this Mortgage immediately 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
paid to Borrower.
Tf the Property is abandoned by Bor:ewer. or if. after notice by Lender to Borrower that the condemnor oRers-to make
an award or xttle a claim for damages. Borrower fail. to respond to Lender within 30 days after the date such notice: b
mailed, Lender is authorized to collect and apply the proceeds. at 1~nder's option, either to restoration or repair of the
Properly 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 extard
or postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the arrrount of
such installments.
lA. Eorrower Nof Rekised. Extension of the time for payment or modification of amortization of the sums secured
by this Mortgage granted by Lender to any cuccecsor in interest of Borrower shall not operate to rekase,.in any manner.
the liability. of the original Borrower and Borrower
s successors in interest. Lender shall not be required to eommerroe
proceedings against such successor or refuse to extend time for payment or otherwix modify amortisation of the sums
secured by this Mortgage by reason of :tray demand made by the original Borrower and Borrower's wceestors in interest.
11. Forrearawce rI' Lender Not a R+airer. Any forbearance by [.ender in exercising any right or remedy heretmder, or
otherwise afforded by applicable law. shalt not he a waiver of or preclude the exercise of any such right or ranedy.
The. procurement of insurance or the payment of taxes or other liens or charges by Lender shall not be a waiver of Lender's l
right to accelerate the maturity of the indebtedness secured by this Mortgage.
l2. Rew:edies Cermabsfhe. All remedies provided in Ihis Mortgage arc 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. Swccessors and Ass~u Found; .Ioiat sad Several 1~sbiNty; Captions. The covenants and agreements herein
ogntairred shall bind, and the rights hereunder shall inure to. the respective successors and assigns of Lender spd 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 are rat to tk used to
interpret or define the provisons hereof.
11. Notke. Except for any notice required under applicable law to be given in another manner, (a) any notice to
Borrower pfvided for in this Mortgage shall be given by mailing such notice by cenifled mail addressed to Borrower-at
the Property Address or at such other address as Borrower may designate by notice to Tender as provided herein, and i
(b) any notice to Linder shall he given by certified mail. serum receipt requested, to Lenders sddress stand 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 when given in the manner designated herein. 1
1S. Uwitorsw Morl~e; Govcraiag Lsrr: Severability. This form of mortgage rnmbina uniform covenants tot national
use and non-uniform covenants v±jth limited variations by jurisdiction to constitute a uniform security imtrument covering "
real property. This Mortgage shall be governed by the law of the jurisdiction in which the Property is located. In the E
event that any provision or claux of Chic Mortgsgc ar the Note conflicts with applicable I:w, such conflict shall not aA~ect '
other provisions of this Mortgage or the Nnte which can be given effect without the conflicting provision. and to~this
end the provisions of the Mortgage and the Note are declared to be xverabk.
lf. Borrower's Cody. Borrower shall be furnished a conformed cop~• of the Note and of this Mortgage at the tune
of execution or after recordation hereof.
17..Trawsfer of tre Pro'erty: Asstrmptiow. If all or any pan of the Property or an interest therein is sold or transferred
by Borrower without Lender's prior written consent. excluding (a) the creatan of a lien of encumbrance subordinate to
this Mortgagt, (b) the crcatrtxr 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 (d) the grant of any leasehold interest of three years or less
not containing an option to purchase, Lender may, at Lender
s option, declare all the sums secured by this Mortgage to be
immediately dtx and payable. Lender shall have waived such option to accelerate it. prior to the sale or transfer. Lender
and the person to whom the Property is its be colt or transferred reach agreement in writing that the credit of such person
is satisfactory to Lender and that the inters-ct payable on the sums xcured by this Mortgage shall bs at inch rate as Lender ~
shall request. T[ Lender has waived the option to accelerate provided in this paragraph 17. and if Borrower's successor in ~
inter~at has executed a written assumption agreement accepted in writing by Lender, Lender shall release Borrower from all i
obljgations under this Mortgage and the Note.
if Lender exercises such option to accelerate, .Lender shall mail Borrower notice of acceleration in accordanc-c with
t 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 declared due. If Borrower fails to pay such sums prior to the expiration of such period.
1 Lender may. without furlher notice or demand on Borrower, invoke any remedies permitted by paragraph 18 hereof.
Norr-Ut+trortut Covetvstvrs. Borrower and Lender further covenant and agree cell follows:
lg. AccekrUio~ Rewreltes. lfarcepf as'rovNed iw parsgra'Ir 17 terser. upon iorrswa's r.rc.er of awy eaewat err
agrccttttewt of Borrower b Cris Mortgage. iacrrliag ire coeaaafs to Ny wrew tae awf swsss sea:arsi y Irls Morgls~e. Larder
peter M aeceieratlow star swell wotke fo Borrower s provWed br rsnrgrgr 14 tercet speeftyiags (1)1re rreacr: (21 ire aefisw
sptrii~ w eetste suer rreacl0 (3) a ertett. wet leer Craw 30 days trrawr ire late ire srofice r asarti N >tsrrower. r!' wrkr rarer
~ rreaer Mast re e~sreel; awl (4) first taYerre a stag steer rreaer a or retore Ire date opeeYel V dre wetter way resasN I•
~ aceeleraefew of ere strwss secarcl r7' tris Mortgage, toreeiostrrc b h~W psoeeelMrg awl sale ~ ire: ho~ery. Tre walks
star Crofter irstonw lortrower of ire riRM to reirrsiate after acceleraeiow awl ire rlglrt fo awed iw ire toaeMstrre proreerig
Ire wow~e:istewee d a rctsstk or aq otter ekfewse of Borrower to accektsNow sett torsciowrc. R ire ireacr is wet ewel ew
K relore Ire fete getiiei i. ire wofke. Lewder st Lewder's opbw Tway lreiase si d fre saws soemsi r!' Ails l1~orlgfRe tr re
iwraselialeiy lwe awl pwyaMe wNroal tadrev demand awd way taeclooe Cris Mer~sge ~ jatlkW N' Leader dur ~
re eweitlel M t~oiket V serer pteetsliag s>w entpewses of toreclosrse. iwelaelrrg. 6wt wet iwitel M. neaoswaMe sfturaep's tees.
stet serge of ioes.-aewtarr erlieaee, abstraeb awl silk repro. i
1!. Borrowea's Rlgre ter Relastafe. Notwithstanding Lenders acceleration of the surm secured by thn Mortgage,
8otro+tru shall have the right to have any proceedings begun by Lender to enforce this Mortgage discontinued at any time
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