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Lender's written agreement a applicabb law. Borrowu shall pay the amount of all rnortgsge insurance premiums in the
manner provided under paragraph 2 hereof.
Any amounts disMused by Lender pursuant to this paragraph 7, with interest thereon, shall become additional
indebtedness of Borrower secured by this Mortgage. iJnkss Borrower and Lender agree to other terdss of payment, such -
amounts shall be payabk upon notice from Lender to Borrower requesting payment thereof, and shall bear interest from the
date of disbursement at the rate payabk from time to Time on aitstanding principal under the Note unkss payment or
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 experae a fate
any action hereunder.
>L InpetHort. Lender may make or cause to be made reasonable 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 Fender's
interest in the Property.
9. Co~ieasatbw, The proceeds of any award or claim for damages. direct or rnnsequential, in connection 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 i.ender.
in the event of a total taking of the Property. thr 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 I.ertder ?
otherwise igree in writinlt, there shall be applied to the sums secured by this Mortgage such proportion of the proceeds
as is equal to that proportion which the ama~nt of the sums secured by this Mortgage immediately prior to the date of g
taking bears to the fair market value of the Property imtncdiately prior to the date of taking, with the balance of the proceeds
paid to Borrower. {
if the Property is abandoned by Bor:ewer. or if. after notice by lender to Borrower that the condemnor offers to mate
an award or stttk a claim for damages. Borrower fails to respond to Lender within 30 days after the date such notice is
marled, Lender is authorized to collect and apply the proceeds. at Lender's opCron, either to ratontion or repair of the
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Property or to the sums secured by this Monttatte. ~ i
Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend ~
or postpone the due date of the monthly installments referred to in paragraphs I and 2 hereof or change the amount of
such installments. +
10. Borrower Not Releaaeii. Extension of the time for payment or modification of amorCrution of the sums 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 Borrower's successors in interest. Lender shall not be required to commence }
proceedings against such successor or refuse to extend time for payment or otherwise modify amortisation of the sums
secured by this Mortgage by reason of any demand made by the original Borrower and Borrower's successors in interest.
11. Forbearace by Lewder Not a R?aiver. Any forbearance by Lender in exercising any right or remedy hereunder. or
otherwise afforded by applicable law. shall not be a waiver of or preclude the exercise of any such right or remedy.
The procurement of insurance or the payment of taxes or other liens or charges by Lender shall not be a waiver of i.ertder's
right to accelerate the maturity of the indebtedness secured by this Mortgage. i
1Z. Rewcdies CsrrlMire. All remedies provided in this Mortgage are distinct and cumulative to any other right or
remedy under this Mortgage or afforded by law ar equity. and may be exercised concurrently, irrdeperrdently or :urxeasivdy.
' 13. Swcc~easoss awd AsstRws Borrwd: Joint and Several I.iabiYty; Capfiowa. The covenants and agreements herein t
contained shall bind, and the rights hereunder shall inure to, the.rcspective successors and assigns of i_ender apd Borrower.
subject to the. provisions of paragraph 17 hereof. All covenants and agreemrnts of Borrower shall' be joint and several.
The captions' and headings of the paragraphs of this Mortgage arc for convrnierrce only and are rat to Ile used to
interpret or deAne the provisions hereof.
14. Notlee. Except for any notice required under applicable law to be given in another manner, (a) any notice to t
Borrower proovided for in this Mortgage shall be given by mailing such notice by certiAed mail addressed to -Borrower at
i the Property Address or at such other address as Borrower may designate by notice to Tender as provided herein, and 1
(b) any notice to Lender shall be given by certified mail. return receipt requested. to Lender's address. stated herein a to
such other address as Lender may designate by notice to Borrower ss provided herein. Any notice provided for in this ;
Mortgage shall be deemed Ice have been givrn to Borrower or Lender when given in the manner designated herein. ~
1S. Uairorss Mortgage; Govenrlag Law; Sererability. 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
'I 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 or the Note conflicts with applicable law, such conflict shall not afied '
other provisions of this Mortgage or the Note which can be given effect without the oonAicting provision. and to this
end the provisions of the Mortgage and the Note arc declared to be severable.
E lf. Iiorr~ower'a Copy. Borrower shall be furnished a conformed coP3' of the Note and of this Mortgage at the time
l of execution or after recordation hereof.
6 !7..Trswsrer of the rroperty: Aswwrptioe. if all or any part of the Property or an interest therein is sold or tnns[erred
by Borrower without Lender's prior wrincn consent. excluding fat the creation of a lien or ertwmbnnce-subordinate to ,
this Mortgage. tb) the creation of a purchase money security interest for househdd 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 iMereat of Ihrcc yeah a less
not rnntaining an option to purchase. Lender may. at Lender's option. declare all the sums stxured by tha Mortgagt to be
immediately due and payable. Lender shall have waived arch option to accelerate if. prior to the sale or transfer. Lender
and the person to whom the Property is to be sold or transferred reach agrecrrrent in writing that the credit of such person
is satisfsctory to Lender and that the inten~st payable on the sums secured by this Mortgage shall be at such rate as Lender
shall request. i[ Lender has waived the opan to accelerate provided in this paragraph 17, and if Borrowers successor in ,
interest has executed a written aswmption agreement accepted in writing by Lends. Lends shall release Borrower from all
obligations under this Mortgage and the Nae. #
If Lender exercises such option to sccekrate, Lender shall mail Borrower notice of accekntion in accordance with
paragraph 14 hereof. Such notice shall provide a period of rat less than 30 days from the date the notice a mailed within =
which Borrower may pay the wms dtxlared due. if Botrowcr fails to pay such sums prior to the expiration of wch period. ~
a Lender may. without further notice or demand on Borrower. invoke any rerneditx permitted by paragraph Ig hereof.
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Nor+-Unrt~onnt Cover+awTS. Borrower and Lender further covenant and agree aslollows:
t li. AeeekratlaK Rsstsediss. ifiue*t as prevMed V Mragra*A 17 flterrDat. opw /anrwea'a f1~i of ~ cwvewawt ar
~ agreet~wt M Bata t• tits Man=age. Iwelwag tie eoretsrtnts fo f1h' wiew ae aryr atirwa aeewretl b lYt Margptge. iertietr
priotr N eetderaliaw ~ saY wotkc to Iforrrwer as prorl/ed a paragra/Ir 14 lers+r speelfylags (1) lie ireaeM (2) site aMlaw
~ spied le etrae wer bseaetB t~ • dale, .eft less tiwmr 30 days morn tie ate tie wetke r n.ilei M Itarnser. cry wikr strclr ~
iseaei twt k eases awd to flat rwNwne l• cure .tselr ittraei ow K iiera+e tie date apecYe/ r tie waletr say r+estrlt r
aeederatiart at tie s.¦r «e.rrsd b titriia M.rlpge. tar~aekwre y jitrdtetal pneeediaL awtl ask at tie Proreny. Tire .atlea ~
siaM rtrs~er iat~ lierrawer of tie right N s :tier weeeleratiow attd tie rift M ayaert N Ilse tartelaarrst /soeaaig
de arreaiMaysee of a ddaM or atsy otiner dettttsae of Berr~nr fe sccekrNiow aai rweelowre. t[ lie iseaei r aces cssed M
ar ilKrere tie ale a/erYai V the wolke. l.ewier ag l.ewder's optlea say deefiare ail et list tttmsa at~sed ti Mtis 1Narlgalpe to k
irtsasedialey dire NywNe .ritiowt trrrtier dewraaA acrd aasy rerteelo.e slice Marlggag: b la+kW rsaas~rlR. Lender afl
k ewlWad N eaiact r asei ps+aetsdiag r es'ewses of foreclosra~s. iselndirtg. it+trt west itittsila~ M. seaaawaiie stt+xrrev's fen.
ant[ scats or aeszt~ewtary evi/ewee, aiatraels ays/ title repeb.
1!. >iarnwa'a Right f• ItdaMate. Notwithstanding Lender`s acoekration of the strict: secured by thn Mortgsge,
Borrower shall have the right to have any proceedings begun Fry Lender to cnforAOe this Mortgage discontinued at any time
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