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Lender's written agreement a applicable law. Borrower shall pay the ,mount of all mortgage insurance premiums in the
meaner provided under paragraph 2 hereof.
Any amounts disbursed by Lender pursuant to this paragraph 7. with interest thereon, shall biome additional
indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment. such
amounts shall be payable upon notice from Lender to Borrower requesting payment thereof. and shalfbear interest tress the
date of d'nbursement at the nIC payahk from time to time on artstanding principal under the Note unless payment 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 expt:me a fate
any action hereunder. ?
lwgeetiow. lender may make or cause to be made rcasonabk entries upon and inspections of the Property. provided `
that i.ender shall Rive Borrower ndice prior to any such inspection specifying reasonable cause therefor related to Larder's
interest in the Property.
9. Cowtlewrnatbw. The proceeds of any award or claim for damages, direct or consequential. in connection wit', 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' Properly. 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 Lender
otherwise agree in writing. there shall be applied to the sums secured by this Mortgage such proportion of the p[ooeeds
u is equal to that proportion which the amount at the sums secured bjr 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 bslarrce of the proceeds
paid to Borrower.
if the Property is abandoned by Borrower. or if. after notice by i_ender to Borrower that the oondernrar oRas to mate i
an award or xttk a claim for damages. &?rrower fails to respond to 1_ender 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 restoration or repair of fire
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 g
or postpone the due date of the monthly installments referred Io in paragraphs 1 and 2 hereof or change the argount o[
such installments.
ltl. 'orr+ower Not Released. Extension of the time for payment or modification of amortization of the suers secu~il
by this Mortgage granted by Lender to any successor in interest of Borrower shall not ope?ate to release, in any manner,
the liability of the original Borrower and Borrowers successors in interest. Lender shall not be r+equirt:d to eorrrmerroe
proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the sums
secured by this Mortgage by trason of any demand made by the oriRinat Borrower and Borrower's wccessors ir~.interest. ~
li. Borbearawee Isr I.ewtaer Not s Wrrher. Any fv+rf+earatrce by lender in exercising any right or remedy heretmder, or "
otherwise aRorded by applicable law. shat! not be a waiver of or preclude the exercise of any such right or retrredY.
The procurement of insurance or the payment of taxes or other liens or charges by Lender shalt not be a waiver of Ltarder's
right to acceknte the maturity of the indebtedness secured by this Mortgage.
12. Rerwetliss Ctsrtbtira All remedies provided in this Mortgage arc datirrct and cumulative to any other right or ~
remedy under this Mortgage or aRorded by law or equity, and may be exercised concurrently, independently or successively. {
13. Sweceswrs :wd AsatRws •orrrtl:.ioht awi Serersl t3abNNr; Captions. 'Its covenants and agreements herein
contained shall bind, and the rights hereunder shall inuug to, the respective srrccesson and assigns of Lrnder apd Borrower. s
subject to the provisions of paragraph 17 hereof. All covenants and agreemrnts of $orrower shall be joiN and several. _
The captions' and headings of the paragraphs of this Mortgage arc for convrnienee only and are not to tk used to
interpret or define the provisions hereof. ~ '
14. Notke. Except for any nMice 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 certittod mail addressed to Borrower at ~
the Property Address or at such other address as Borrower may designate by notice to Lender as,` provided herein. and
(b) any notice to Lender shall be given by certified mail. return receipt requested. to i.endrr'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 herein. }
1S. Uniform Mortgage: Governisg Lary: Seversbil#y. This form of mortgage combirra uniform covenants for national
~ use and rron-uniform covenants with limited variations by jurisdiction to constitute s uniform security instrumrnt 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 durse of this Mortgage or the Note conflicts with applicable law, such conflict shall not affect t
other provisions of this Mortgage or the Note which can be given eQect without the oonQicting provision. and to this
end the provisions of the Mortgage and the Note arc declared to be sevtrabk.
lt4 Iiosrowtx's Cory. Borrower shall be furnished a conformed copy of the Note and of this Mortgage at the time -
of execution or after recordation hereof.
17..Tarrder of tie Prorertr: Assrrwrrtiow. If all or any part of the Property or an interest therein is :old or transferred
by Borrower without Lender's prior writrcn consent. excluding (al the creation of a lien or encumbrance wbordinatb to
this Mortgage. (b) the creation of a purchase money security interest for household applianvxs, (c) a transfer by devise.
dteoerrt or by operation of law upon the death of a joint tenant or (d) the gent of any kasehotd imerest of three yeah a less ~
riot containing an option to purchase. Lender may, a1 Lender's option, declare all the Brans secured by this Mortgagt to be
immediately due and payable. Lender shall have v+~rived Stich option to soceknte if, prior to the Bak or transfer. Lender
and the person to whom the Property K to be cold or transferred retch agreement in writing that the credit of such person
is satisfactory to Lender and that the interest payable on the sums secured by this Mortgage shall be at such rate ac Leader
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 aswmption agreement accepted in writing by Lender. Lender shall release Borrower tram all ~
~ obljgations under this Mortgage and the Note.
if Lender exercises such option to accelerate. Lender shall mail Borrower notice of accekntwn in acoordancti v+•ith
pansraph 14 hereof. Such notice shall provide a period of rid less than 30 days tiara the date the notice is mailed within
which Borrower may pay the wens dectartd due. If Borrower fails to pay such wms prior to the expiation of wch period. .
~ Ltxrder may, without further notice or demand on Borrower, involve any remedies permitted by paragraph 1R hereof.
1 NoN-UNIFORM COVENAWTS. BorroM?er and Leader further covenant and agree asTollows:
li. Aeeslerstb~ Rewctlles. B:cart art rravYed io ruagrarr 17 Irerao/. airon iarnwers Mead of ~y c+~veMN er
ssreesrewt s+t /srrower V fib Merisase, iweM~iss tie covararNs to rsr wiew tltrt ssry swsrs treesretl h fist 1Nsrlgsgc. I.ader
friar N seesletrsaon anti t¦sN sroace m Boerwer s rrovMsd r rsrasnri 14 iercef sreetfrlss: p) arc Msselm 131 tic sedan
rpsiei M etsre stsd Mesrii (3) s i1e. wet Mesa fish 3• dares fretw tie date tie wtrtiee 4 tWrtl N Mnewer. h wild sttci 3
Maei mwrt k esneii a¦/ (n tlsrrt taYwre a ettre esci Mcsci a sr iefese tie dsfe ~
~ st tl
e)rr~srertj~ wMks
weedaaasrr st errs ttattts ttsesred h tYs Mortgage, tercAewrc h jlwdieial rreesetll¦s
nW tastier iw/srwr >isrrswer sL tie wit a rciwstale nNa sreeleratlew tiffs tie rislrt to atst:A r are tsset:lsswt rrviceeirs
fin wow~rdrtarce a<. tldasit K swr .tier ttktawae o< lornwer f. acceterNisw Rwtl rreelawnr. r ties M+aei b wet ewtd
er Mgsre are tl.te areeiw r fin n.ace. l.e.tler st r.esder: opi.w wtr +ts~e .Il .t iie...n.ae.rd iy fib IN.rIg.Ra fw it
I¦t~etiWelf ttwe asri rwrsiie wNiowt fwrtlter dernaad atd war tereclae aria Msrfsase h law !lr's~R• Lender sl+sM
k etrflastl N esMct r ssxi rneeeifwL r esrenses of foreclossre. iwelwriss. Met ssrt >rwMstt M. rerswseie sttwser's fees, i
alai wets st ist:rrrttewtssrr eriiewee, siaUsefs awi dae KNrb- 3
1!. >Mrrrwa's Resit f• Reb>Mate. NatwithstandinE Lender'3 accelerstion of the sums socuted by thr_ Mortgage.
Borrower shall have the right to have any ptoctedinEs beEun hY Lender to entorc4 this Mortgage discontinued at any time s
X342 P~i4~