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cndcr's wnttcn agnemcnt ar applicahle low. Ht?rmwcr shall pay the amount at all mortgage insurance premiums in the
manner ptovuled under paragraph 2 hereof.
Any amounts disbursed by 1 enter pursuant to this paragraph 7, wuh intrust thereon, shall become additional
inJeMedness of Born?wer sccuud b}• this Murt{;agc Unless Borrower ant LenJcr ague to Mher terms of payment, such '
amounts shall 1?r pas•ahle ulx?n notice farm 1 coder to &?rruwer req+tcsting payment therei?f, and shall hear interest from the
date of disbursement at the rats payable from time to time un outstanding principal under the Note unless payment of
interest at such rate would he cantrar~• to applicable law, in which went such amounts shall hear interest at the highest rate
permissible under applicable law. Nothing contained in this paragraph 7 shall require 1-ender to incur any expense or take
any action hereunder.
>s. Inspection. lender may make or cause to ere made rcasanahle entries upon and inspections of Iht Property, provided
that Lender shall give Borrawer noose prior to any such inspection specifying reasonabk cause therefor related to Lender's
interest in the Property.
9. Cowdtmnation, l?+e proceeds of any award ar claim for damages. direct or consequential, in conncetion with any
condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby ttssignod
and shall bt paid to [.ender.
1n the event of a total taking of the Property. the proxeeds 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 hr applied to the sums secured by this Mortgage such proportion of the procetds
as is equal to that proportion which the amount t.f the sums secured by this Mortgage immediately prior to the date of
taking hears 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 ahandanrd by Aarmwcr. ~r if. after notice by Lender to Borrower that the condemnor often to mate
an award ar setl!e a claim for Damages. Borrower fail. to respond to I-ender within i0 days after the date such notice is
mailed. Lender is authorized to rnilect and apply the proceeds. at Lender's option, either to restoration or repair of the
Property ar talhe sums secured M• this Matt(tagc.
Unless Lender and Borrower otherwise agree in writing. any such application of proceeds to principal shall not extend
ar ptxtpane the due dart of the monthh• installments referred to in paragraphs 1 and 2 hereof or change the amount of
such installments. ,
10. Borrower Not Rekascd. [:xtension of the time far paymrnt or modification of amortization of the sums secured
by this Martgage granted by Lender to any cuccessc?r in interctt of Borrower shall oat operate to release, in any manner.
the liability of the original Borrower and Borrower's strccessarc in interest. lender shall not be required to commence
proceedings against such successor or refuse to extend time for payment or atherwiu mtxlity amortization of thr sums
secured h}• this Martgage by reason of any demand made b}• the arieinal Borrawer and Borrowers strceessars in interest.
11. Forbearance by Lender Not a Waiver. Any farhtarance by Lender in exercising any right or remedy hereunder, or
otherwise afforded by applicahle law, shall oat he a waiver of ar preclude the exercise of any such right or remedy.
The procurement of insurance or the payment of taxes ar other liens or charges by Lender shall not he a waiver o[ Lender's
right to accelerate the maturity•of the indebtedness secured by this Mortgage.
12. Remedies Cumulative. All remedies pravided in this Mortgage are distinct and cumulative to any other right or
remedy :+nder this Mortgage ar afforded by law ar equity. and may he exerciud cancurrcntly. independently or successively.
13. Successor and Assiges Bound; .]oint and Several Liability; Captbns: The covenants and agreements herein
contained shall hind, and the rights hereunder shall inure to. the respective successors and assigns of !_ender and Borrower.
subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be jair~ and several.
The captions and headings at the paragraphs of this Mortgage are far convenience only and are oat to be used to
interpret or define the provisions hereaf.
14. Notke. Except far any natice req+rired under applicahle law to be given in another manner, fa) any notice to
Borrower provided for in this Martgage shall he given by mailing such notice by certified mail addresud to Borrawer at
the Property Address or at such other address as Borrawer mav_ designate by natice to Lender as provided herein, and
(h) any notice to Linder shall be given by certified mail. return receipt requested. ro Lender s address stated herein or to
j such other address as Lender may designate by natice to Barmwer as pmsided herein. Any notice provided for in this
'.4iartgage shall be deemed to have bean green to Barmwer or Lender when green in the manner designated herein.
15. Uniform INortRage: Governing law: Severabilih. This farm of mortgage combines uniform covenants for national
use and non-uniform rnvenantc with IimiteJ variations h} juricdretian 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 ar clause of this Martgage t?r the Note conflicts with applicable law, such conflict shall not affect
other provisions of this Martgage or the Note which can be given eRect without the conflicting provision, and to this
end the provisions of the Martgage and the 'date arc Declared to he severable.
16. Borrower's Copy. Borrower shall be furnished a conformed copy of the Note and of this Mortgage at the time
of execration ar after retardation hereaf.
17. ?roaster of the Properly: Assumption. 1f all ar any part of the Property or an interest therein is sold or transferred
by Borrower without [_ender's pricer wnnrn ~ansent. excluding fat the creation of a lien or encumbrance subordinate to
this Mortgage. (h1 the creation of a purchase m+•nev security interest far household appliances, fc) a transfer by devise.
descent or by operation of law upc?n the death afr joint tenant ar (dt the grant of any leasehold interest of Ihrec years or kss
not containing an option to purchase, Lender ma}, at Lender's option. declare all the sums secured by this Mortgage to be
rmmediately due and payable. Lender shall base waived such option to accelerate if, prior to the sale or transfer. Lender
and the person to whom the Property is to be ,aIJ ar transferred reach agreement in writing that the credit of such person
is satisfactory to Lender and that the interc,t pa}able an the sums secured by this Mortgage shall be at such rate ac lender
shall request. if 1-ender has waived the opuan to accelerate pravided in this paragraph 17, and if Borrower's successor in
interest has executed a written assumption agreement accepted in writing by !.ender, lender shall release Borrower Pram all
obligations under this Mortgage and the Nate.
~ If 1_ender exercises such option to accelerate. fender shall mail Borrower notice of acceleration in accardancr 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. I( Borrower fails to pay such-sums prior to the expiradan of wch penal.
3 Lender may. without further notice or demand on Harrower, invoke any remedies permitted by paragraph IR hereaf.
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NON-UNIFORM COVENANTS Borrower and lender further covenant and agree as follows:
18. Accektstion; Remedies. Except as pmvided in paragraph 17 berto/. upon Borrowers breach of any corenawt or
E agreement of Borrower in this Mortgage. including the covenants to pay when due soy sutras secured by this Mortgage, Lender
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prior to accelerators shall mail notice to Borrower as provided in paragraph 14 htrtof specltyins: (1) the brescA: 12? the sdbn
required to core such breach;l3) a date. not less than 30 days from the date the notke b mdkd to Borrower. by whkh snob
bstach must bt cored; attd (4) That failure to cure such breach oa or before the dsle specified iw the notkc may ttsult in
sccekration of the snms secnrtd by this Mortgage. tortcbwre by judicial proctsdirtt and sak of the Property. The nolkt
shall further inform Borrower of the right to reinstate tiler accekration sod the right to assert in Ibe ~oreclosure'roceediwg
tbt two-existence o(a default or any other defense of Borrower to accelerstion end forecbwre. If the bresch is not cwred ow
or before the date specified in the notice. Lender at Lender's option mty dcehue sH of the soots secwrtd by this MoAgage ro 6e
immediately due and payable without fnrthtr demand and may foreclose fhb' Mortgage by jndkW proeetdlrt~. i.rnAer shall
be tootled to colkd in wch procctdirtR all expenses .?f foreclosure. Inclndins, but woe limited to. reasonable attnrnev•s fees,
and costs o[ documentary evidence. abstracts and title reports.
19. Borrowers Right to Rcinsts/e. NatwithstandinK 1 encter's accelerotian of the sums secured by this Martgage.
Borrower shall haul the right to have am pnxccdrne, hewn by Lender to enforce thn Martgage diuantmucd at an} nine
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