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I.rndrr'c written agreement or applicable law. Borrower shall pay the amount of all mortgage insurance premiums in the
manner provided under paragraph 2 hereof.
Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shall became additional
indebtedness of Horn?ssrr secured by this Mortgage. I)nless Harrower and I.rnder agree to other terms of payment, such
amounts shall he payahlc ulx?n Holier from I ender to &?rmwrr rtyuesting payment thereof, atttl ~ttll btaf iAteresl from the
date of disb+trxment at the raft payahlc fn,m time to time ?xt at+tstanding principal under the Note unless payment of
interest at such rate would be contrary to applicable law, in which event cttch amounts shall hear 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 action hereunder.
>L Iwspectioa. 1_ender may make or rau.c to he made reasonable entries upon and inspections of the Property. provided
that Lender shall give Borraw•er Holier pri??r la any s++ch inspection specifying reasonable cause therefor related to Lender's
interest in the Property.
9. Cowdemwatbw, The prcxeedc of any award or claim for damages. direct or consequential, in connection with any
condemnation or other Taking of the Property, or part therrnf, or for conveyance in lieu of condemnation, are hereby assignod
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 Propemr,~ ttnkss Borrower and Lender
otherwix agree in writing. there shall be applied t~ the sums secured by this Mortgage such proportion of the proceeds
as is equal to that proportion which the amount of the sums secured by 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 balance of the proceeds
paid to Borrower.
if the Property is abandoned by Harrower. or if. after Halite by Lender to Borrower that the condemnor offers to mate
an award ar settle a claim far damages. B??rrawer fails to respond to [.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 the
Property or to the sums soured by this Mangagc.
tlnlesc 1_ender and 8orrow•er otherwise agree in w•rittng. any such application of proceeds to principal shall not extend
or postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof ar change the amount of
such installments.
10. Eorrower Not Relessed. Extension of the lime for payment or modification of amortization of the sums secured
by this Mortgage granted by Lender to any cuccecsor in interest of Harrower shall not operate to releax. in any manner.
the liability of the original Borrower and Borrower's succescorc in interest. Lender shall not be required to commence
proceedings against such successor or refuse to extend time far payment or otherwix modify amortizat+on of the sums
cec++red by Ihic Mortgage by reason of any demand made by the original Borrower and Borrowers successors in interest.
I1. Forbearance by Lender Not a R?aiver. Any farhearance by lender in exercising any right or remedy hereunder, or
atherwix afforded by applicable law, shall Hat be a waiver of or preclude the exercix of any such right or remedy.
The proci+rement of insurance pr the payment of taxes ar 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. Remedies Cnmulati~e. 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 exerciud cancurrcntly. independently or successively.
' 13. Swccessots and Assigws Bound; .lout and Sereral I.iabiNtr; Captions. The covenants and agreements herein
contained shall hind, and the rights hereunder shall inure to. the respective successors and assigns of Lender and 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 arc far convenience only and are not to be ttxd to
interpret or define the provisions herrnf.
lt. Notice. Except far any Holies 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 certified mail addressed to Borrower at
the Property Address or at such other address as Harrower mav_ designate by notice to Tender as provided herein, and
(b) any notice to Lender shall he given by certified mail. return receipt requested. to [enders address stated herein or to
such other address as Lender may designate by natire to Harrower as provided herein. Any notice provided for in this
Mortgage shall be deemed to have I?etn g+sen to Borrower ar Lender when given in the manner designated herein.
j 1S. Uwitorm Mortgsge•. Governing law; Severability. This form of mortgage combines uniform covenants for national
use and non-uniform covenams with IimiteJ variations M• jurisdiction to constitute a uniform security instrument rnvering
real property. This Mortgage shall be ;toverned by the law• of the jurisdiction in which the Property is located. In the
event that any provision or clause of this Mortgage ar the Nate conflicts with applicable law, such conflict shall not affect
~ other provisions of this Mortgage or the Natr which can be given effect without the conflicting provision, and to this
end the provisions of the Mortgage and the Note are ,kclared to be severable.
~ 16. Borrower's Copy. Borrower shall be furnished a conformed copy of the Note and of this Mortgage at the time
of execution or after recordation herrnf.
17. Trawsfer of the Property: Assumption. If all ar any part of the Property or an interest therein is sold or transferred
by Borrower without Lender's pricer wnurn consent. excluding (a1 the creation of a lien or encumbrance subordinate to
this Mortgage. /bl the creation of a purchase money security interest far houxhold appliances. (c) a transfer by devise,
descent or by operation of law• upon the death afr j??int tenant or (d? the grant of any Itaxhold interest of three years or less
not containing an option to purchase. Lender may. at Lender's opt+on. declare all the sums secured by this Mortgage to bt
+mmtdiately due and payable. I.cnder shall have w:?ived such option to accelerate if, prior to the wk or transfer. Lender
and the person to wham the Property is n? he .aIJ ar transferred reach agreement in writing that the credit of each person
t is satisfactory to Lender and that the interest payable on the sums secured by this Mortgage shall bt at such rate ac Lender
I 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 assumption agreement accepted in writing by Lender, Lender shall release Borrower from all
j obligations under this Mortgage and the Natt.
If Lender exercises such option to accelerate. 1_ender shall mail Borrower notice of acceleration in accordance with
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 tails to pay such sums prior to the expiration of such period,
Lender may. without further notice ar demand an Borrower, invoke any remedies permitted by paragraph 1'g hereof.
NON-(JNIFORM COVENANTS. Ol,rraWer and Ltndtr fUrthtr COVtnanl and agree ai fOllO+vs:
lg. AccekrMiow; Remedks. f8:cept as provided iw psntgwpb 17 bereot, ttpow Borrowetr's breach o[ awe covewawl or
agreemnwt of Eorrower iw this Mottgsge. including the cortwants to par whew dtte awy sums secnred br this Mortgage. i.eader
ptfior Io accekratbw shall mail ttotke to Borrower as prorWcd lw paragraph 14 hereof spetNriag: (1) the breach: 121 the txtiow
! required to core such breach; (3) a date. not kta tbsw 30 days from the date the tatke b matkd to Borrower, br whkh sash
bticscb mwt be need: awd (+t) that (ailnre to core swch breach ow or before the date speclbed iw the wotke way restrlt iw
~ accekntiow of the sums secnred by this Mortgage. torecbsure by jndkiai pcoetedltti awd sale of the Ihopcrtr. The ttotkt •
shall further inform Borrower of the right to reitatate atta acccktstbw awa the tight b ast+crt iw the forcclos»re proeeedlwg
the wow-existewct of a detauN or any other defense of Qorrowet to accekrstiow swd toretbswre. It the brescb b woe area ow
or before the date specified iw the notice. lender at [.enders optiow twsr declare aN of the sttwts settttea by ebb Mortgage to bt
immedistely due sod payable without fnrther demand and mar tortclose ebb Mor~ttge h' jadkW protsedittR. i.ender shall
be entitled to collect bj swcb proceeding sll expenses of forttlowre. iwcludiu~, bwt Hof dmitd to. reasonable att.,rneY's fees.
and costs of dtxawttwtary evidence. abstracts and title reports.
I 19. Borrowers Right to ReiastNe. NotwithstandinK I ender's acceleration of the sums secured by this Mortgage.
Borrower shall have the right to have am proceedine~ hef~in by lender to enforce this Mortgage dncanOnued at and hme
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