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Lender's written agreement or applicabk law. Borrower shell pay the amount of all mortgage inwrance premitma iw the
.manner provided under paragraph 2 hereof.
Any amounts disbetrsed by !.ender pursuant to this paragraph 7, with interest thereon, shall become additional
indebtedness of Borrower secured by this Mortgage. Unless Borrower and lender agree to other terms of payment. such
amounts shall be payable upon mice from Lender to Borrower requesting payment thereof, and shall bear interest fflom the
date of disbursement at the rate payable from time to time on outstanding principfl ,~k~ tlls~t~lote unless payntant of
interest at such rate would he contrary to applicabk law, in which event such amounts shall bear interest st tl?e highest rate
permissible under applicabk law. Nothing contained in this paragraph 7 shall require Leruier to incur any expense or take
any action hereunder.
s. Iwspeetbw. Lender may make or cause to be made reasonable entries upon and inspections of the Property. ptavided
that tender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor rcl:ted to Lender's
interest in the Property.
9, Coaderwwstbw. The proceeds of any award or claim for damages. direct or consequential, in connection with say
condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation. are hereby asaipted
and shall be paid to Lender.
In the event of a total taking of the Property. the pra:eeds shall be applied to the sums secured by the Mortgage.
with the excess, if any, paid to Borrower. In the event o(a partial taking of the Property, unless Borrower and Lender
otherwise agree in writing. Iherc shall be applied to the sums secured by this Mortgage such proportion of the q+oceeda
as is equal to that proportion which the amatnt of the sums secured by this Mortgage immediately prior to the date oft
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 A!?rrowEr.
if the Property is abandoned by Borrower. or if. after notice by Lender to Borrower that the condemnor oRers to stake
an award or souk a claim for damages. Borrower faih to resaund to Lender within 30 days after the date such notice is
mailed, Lender is authorized to collect and apply the pracceds. at Lender's option, tither to restoration or repair o[ the
Property or to the sums secured by this Mortgage.
Unless Lender and Borrower otherwise agree in writinc. any such application of proceeds to principal shag not etclatd
or postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the anrottM at
such installments.
10. Borrower Not Released. Extension of the time for payment or modiflcation of amortization of the sums atxuted
by this Mortgage granted by Lender to any cucceesor in interest of Borrower shall not operate to release. in any manner,
the liability of the original Borrower and Borrower i successors in interest- Lender shall not be required to corrtmertoe
proceedings against such successor or refuse to estend 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 Borrower's successors in interest.
11. Rorbearawce by Lender Not a Waiver. Any forbearance by lender in exercising any right or remedy hereunder. or
otherwise afforded by applicabk law, shall not be a waiver of or preclude the exercise of any such right or retrtedy.
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. Rttwedies Catohrfivt. All remedies provided in this 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 wooe:siveh?.
' 13. Sweeesaors cad Aasljlws Round; .Joint and Several i.iabilky; Csptio~s. The covenants and agreements herein
contained shall bind, and the rights hereunder shall inure to. the respective successors and assigns of Lender a0d Borrower.
subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be jolty and several.
-tire captions' and headings of the paragraphs of this Mortgage arc for convenience only and ate rat to lk used to
interpret or deAne the provisions hereof.
14. Notke. Except for any notice required under applicable law to be given in another manner, (a) any ratite to
Borrower provided for in this Mortgage shall bt given by mailing such notice by certified mail addressed to. Borrower at
the Property Address or at such other address as Borrower may designate by notice to T~rrdet as provided herein, and
(b) any notice to Lender shall he given by certified mail, return receipt req:tested. to i.ende~s addrea stand herein a 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 dtxignated herein.
15. UwHors Mortgage: Covenintz Law: Severabillty. This form of mortgage combines uniform covenants for rtatiatal
~i use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security irotrument covering
real properly. This Mortgage shall be governed by the law of the jurisdiction in which the Property a located. in the
event that any provision or clause of this Mortgage or the Note conflicts with applicabk law, such conflict shall not afljed
other provisions of this Mortgage or the Note which can be given eQect without the oonAicting provision. and to this
end the Provisions of the Mortgage and the Note arc declared to be severable.
li. Borrower's Co'r. Borrower shall be furnished a conformed roP)• of the Note and of this Mortgage at the tithe
of execution or after recordation hereof.
17..Trawsfer of the Property: Assamptiow. if all or any part of the Property or an interest therein is sold or transferred
by Borrower without Lender's prior writt.n consent. excluding (ai the creation of a lien or encumbrance subordinate to
this Mortgage, (b) the crcatton 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 tender's option, de~larc all the sums secured by this Mortgsge to be
immediately due and payable. Lender shall have waived such option to accelerate if, prior to the sale a 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 intcrrst payable on the sums secured by this Mortgage shall be at such rate as Lender
shall request. if Lender has waived the option to accelerate provided in this paragraph 17, and if Borrower
s wcoasor in
interest'has executed a written assumption agreement accepted in writing by Lender. Lrnder shall release Borrower from all
oblj,`ations under this Mortgage and the Notes
if Lender exercises such option to accelerate. Lender shall mail Borrower notice of accekntion in aceordanc~ with
paragraph 14 heroot.~ Such notice shall provide a period c+f not less th:n 30 days from the date the notice is mailed within
which Borrower may pay the sums declared due. 1f Borrower fails to pay srtch arms prior to the expiratictrt of such period.
Lender may, without further ratite or demand on Borrower, invoke any remedies permitted by pantgraph 1R hereof.
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Notr-Uwrottt?r COVHNAHTS. Borrower and Lender further covenant and agres as fdbrrs:
Ifi. Acceleratlo~ Rewsedlea. Facept as'rovidcd ia'aragrarh 17 hereof. tMn Barrr/wes'a brr<aci st aary eavatiartt K
aprDeareat d Renewer N fhb Mont=age. iwcprdiag the covenants to pr when dae cart oars attetrrsd if titles MartRagt. Lender
/riot M aeesleratlo. tsW tw.Y woaee to Borrower as'ro.ldcd a paragwpr 14 herself apeeltrl.a p) the ba.ehs rhe.eel.t.
rpisd w care welt breach; (3) • dale. cot less than 30 days tretw the date the ..thee b .aNai M Rerrewtr. b whkflt web
hrgeh fast he ewredy ant t~ that hilrtt: to true wch Meech sw ar bda~re the date speel0ei r else tatke !tar treatM r
accekratlarr st the ttwtw atxw~cd Ity fhb Mortgage. to~eclasare hr lrtdiefr /roet~fog arts ask et the lrnpertr. Tire narks
drag ttrrther intern Borrower of the right to trelasiatt after aeeeleratiorr and the rlgN a aatttM i• fire tsr+etlssrrt prrtcss~
Ire wow~sxMasee et • ddawM K awn other ddcwae o/ Borrower a aecekrdfew and /orscloatus. R fire breach b tact caret w
sr hdsre the dale a'sefiad r tttis notke. Leader at l.ewder's o/tiow say declare ai of qre atturra aeewrsd ~ fhb 1Nertggpe f~ let
ittarrradlatdr dwe ant praMe without ttulher demand and mar fmcelae fhb Msrtgagt ~ precst~tyt. lewder shag
fK eeidei N ceraet r wet pr.eeedias ,r s:pcesa rat forechtsw+e. i.cl.dhg. bwt cat BarNad i~ reaeaaahk aaturrtey's Eess.
aw/ cards et dsataewlary eidewee, abstracts awd title reprts.
1!. Rorrewa'a Rte to Reiaatale. Notwithstanding Ltndtr s accekrstion of the sums secured by thn Mortsage.
Borrower shall have the right to have any proceedings begun by Lender to enforce this Mongags discontinued at any brae
t.
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