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Lender's written agreement a applicable law. Borrower shall pay the amount of all mortgage iastuatrce premiwas in the
manner provided under paragraph 2 heroof.
Any amounts dis6ttrsed by !.ender purstrarrt to this paragraph 7, with interest thereon. shall become additional
indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other ternu of payment. such
amounts shall be payable upon notice from Lender to Borrower requesting payment thereof, and shall bear interest from the
date of disbursement at the rate payahk from time to time on attstanding princip~1, tr~?, t11e )Note unless payrrreat of
interest at such rate would be contrary to applicable law, in which event such amoun~i'shall beat interest at the highest rate
permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur say a:peass or hke
any action hereunder.
S. la~ectbw. Lender may make or cause to be made reasonable entries upon and inspections of the Property. provided
that (.ender shall Rive Borrower notice prior to any inch inspection specifying reasonable cause therefor related to Larder's
interest in the Property.
9. Cott~ierwttarHow. The proceeds of any award or claim for damages, direct or consequential. in coanectiow with any
condemnation 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 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
othen?ix agree in writing, there 3ha11 be applied to the sums secured by this Mortgage such proportion of the pr+oc~eeds
as is equal to that proportion which the amount of the sums secured by this Mortgage immediately prior to the date d
taking bears to the fair market value of the Property immediately prior to the date of taking, with the balance of flee proceeds
paid to Borrower.
If the Property is abandotxd by Borrower. or if. after notice by tender to Borrower that the rnndearnor oifen io mane
an award or xttle a claim for damages. Borrower fails to respond to Lender within 30 days after the date such notice b
mailed, Lender is authorittd to collect and apply the proceeds. at Lender's option, eithfr to restoration or repair a[ the
Property or to the sums secured by this Mortgage.
Unless Lender and Borrower otherwise agree in writing. any such application of ptoeeeds to principal shall not extad
or postpone the due dart of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of
such installments.
tA. Botmower Nof Rekaad. Extension of the time for payment or modifkation of amortintion of the sums secured
by this Mortgage granted by Lender to any successor in interest of Borrower shah not operate to release, in any manner.
the liability of the original Borrower and Borrower
s sttccesson in interest. Lender shall not be required, to commence.
protxodings against such successor or refuse to extend time for payment or otherwise modify arrrortization of the sum:
secured by this Mortgage by reason of any demand made by the original .Borrower and Borrower's successors in interest.
I1. Forbearawee by Lewder Not a eYtrirer. Any farlxarance by Lender in exercising any right or remedy hereunder, a
otherwix afforded by applicable law. shall no! be a waiver of or preclude the exercise of any such right or remedy.
The proctercment of insurance or the payment of taxes or other liens a charges by Lender shall not be a waiver of I,etrder's
right to accelerate the maturity of the indebtedness secured by this Mortgage.
12. Reweaies Cwwrttihtitre. All remedies provided in this Mortgage are d'atinct and cumulative to any other right or
remedy under this Mortgage or afforded by law ar equity, and may be exercised corrcurrcntly. independently or successively.
13. Swccraon a~wd AsdRws lowrrti: Joiwt awes Se.eral I.Iw6Wfy; Cwpiaa. 'ilre covenants and agresttxnts herein
contained shall bind, and the rights hereunder shall inure to. the respective wooessors and assigns of Lender and Borrower.
subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower :tall be jolty and several.
The captions' and headings of the paragraphs of this Mortgage arc for convenience only and are not to Ile used to
interpret or define the provisans hereof:
11. Notke. 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 certillod mail addressed to Borrower at
the Property Address or at such olhcr address as Borrower may designate by trotice to i.ender as provided herein. and
(b) any notice to Lender shall be given by certifxd 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 when given in the manner designated htrdn.
1S. Utritorm Mortgage: GoverwitrR Law; ~verability. This form of mortgage cantina unitor•m covenants for national
use and ran•uniform covenants with limited variations by jurisdiction to constitute a unifona security itrstrutnent covering
~ real property. This Mortgage shall be governed by the law of the jurisdiction in which the Property is located. 1n the
event that any provision or clause of this Mortgage ar the Note rnnAicts with applicable law. such conflict shall not affect
other provisions of this Mortgage or the NoNe which can be given eBect without the oaortAicting provision. and to this
end the provisions of the Mortgage and the Note arc declared to be st:venbk.
'E id. Borrower's Copy. Borrower shall be furnished a conformed oopS• of the Note sad of this Mortgage at the titrre
of execution or after recordation hereof. •
Yf..Trswster of fire Troperty: Asstrrw'tiow. if all or any part of the Property or an inter+at therein is sold or transferred
by Borrower without Lender's prior written consent. excluding (al the creation of a lien a encumbrance subordinate to
this Mortgage. (b) the creation of a purchase money security interest for lrouselrold appliances. (c) a transfer by devise.
descent or by operation of law upon the death of a joint tenant or fd) the gent of any leasehold interest of three yeah or less
not containing an option to purchase. Lender may, at Lender
s option. declare all the sums secured by tha Mortgage to be
immediately due and payable. Lender shall have waived such option to atxeknte if. prior to the sale or transfer. Lender
and the person to whom the Property is to be cold or transferred reach agreement in writing that the credit of such person
is satisfactory to Lender and that the intcrcct payable on the sums secured by tha Mortgage shall be at such rate ac Leader
shall request. if Lender has waived the option to aceekrate provided in this paragraph 17. and if Borrower's successor in
interest hss executed a written st~sumption agreement atxepted in writing by Lender. Lender shall release Borrower from all
obligations utrder this Mortgage acrd the Note.
If ierrder exercises such option to sccekrate, Lender shall mail Borrower notice of accekntion in accordantx with
paragraph 14 hereof. Such notice shall provide a period of not less than 30 days from the date the notice a mailed within
which Borrower may pay the sums declared due. if Borroer fails to pay such soar: prior to the expiration of such period.
Lender may. without further mice or demand on Borrower. invoke any remedies permitted by paragraph 18 hereof.
Not~t-UNttAottt4 CovEtvstrrs. Borrower and Lender further oovenarrt and agree B foBaws:
IR Aeedaatlwrq Rewetika. Except r N'sv~ iw paragraph 17 rt2rsof, trMw iis?rwwet'~ rt„<.er et ttwy e..ewwwt er
agrsettsewt s! >fs?rwwetr b this Mstrt~ge. hreiwirtg tee eos~ewawts to /wy whew iwe ~ tttrrtra seewsi b Irb Msrtrpsge. I.ewier
priatr N wt:+cde?atlsw srti rail tnolke to )ts?nwer as'rodtie+ M pwragr~M tt at~e.t spee~lwgs (1) trs rsewcla f=1 the sictisw
ewgwirett M ettss ewes Eck (3) • tials, ttd lax thaw 3I1 Awys trotw tee date Ire trafiee b ttttsletl N Itwsswwer. b whka sad
~ hssaei mwit rs ew+edi ssi (n Wt twilws N etsrs swch rrrsaer sw K hdets trs dais speclietl in the walke way rattle f•
aeeslesatlew st ere tttraa saew?stl r!' tab Mo?Ipgs, twnselowrs b .mfr ! tttatl sale sf Ile rroperlf. 'lire ttet'ke
sear treater hstonw lorrrrwa of Ire trlgM to tRlrehle after wecslerwtiow'ssti ~e tiger w stttte?t Iw tas ts?seMawre psecseig
Ire wow.esislewee et w tietsttlt or ssry stlre? tietettse d ¦otvewer a ttceefieralMw ewi ts?sciaew?e. M Ire rtrewelt b net ewrett set
or >ydsre Ire dMe spaeYed bt trs walks. Lewder a I.ewaer's optNw dselans aN sf !re ttsaas atxmsti ry tats Msrlgigpa Is re
iatwa~ley iwe ,.tt MraMe wilirowt twrther dtwranA awe wrsy tsrselaee Mb Msrfgttge b jitritei.l p?~staeittR. Lewder ,Mll
re awlMiai N esiaet br saver prweeediwg aB sspewscs of torscloaw?s, i¦clwdiwg. wet resat r¦tiletl tts„ atrMeaMc sltwtuYs fsa.
sat! gels st ise.:teewhry e.itiewa. wrMrsets ttta/ dtle rs*srb.
i!. iis?rewa's R1grt N Reiwsta/s. Notwithstanding Lendei
s acakration of the sums secured by thr_ Mortgage.
Botrowa shall have the right to have any proceedings begun by Lender to enforce this Mortpge discontinued at any time
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