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I.endrr's written agreement or applicable tow. Borrower shall pay the amount of all mortgage insurance premiums in the
manner provided under paragraph 2 hereof.
Any amounts dishursed by Linder purataM 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 he payable upon nosier from Lender ro Borrower requesting payment thereof; 4n~ tha bear interest from the
date of disbursement at the rate payable from time to time on outstanding principal under the Dote unless payment of
interest at such rate would be contrary to applicable law, in which event such 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.
fl. Iwspectiou. Lender may make or caosc to be made reasonable entries upon and inspections of the Property, provided
that [.ender shall give Borrower notice prier to any such inspection specifying reasonable cause therefor related to Lender's
interest in the Property.
9. Cowdemwatbn. The proceeds of any award or claim for damages, direct or consequential. in connection with any
condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of•cotrdemnatiow, arc 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
otherwix agree in writing, there shall be applied to 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 Borrower. or if. after notice by Lender to Borrower that the condemnor oRers to make
an award or settle a claim for damages. Borrower fails to respond to Lender 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 ratontion or repair of the
Property or to the sums secured by this Mortgage.
Unless 1_ender 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 1 and 2 hereof or change the amount of
such installments.
10. Borrower Not Released. Extension of the time for payment or modification of amortization of the sums st:cttred
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 strccessorc in interat. Lender shall not be required to commence
proceedings against such successor or refuse to extend time for payment or otherwix modify amortization of the sums
secured by this Mortgage by reason of any demand made by the original Borrower and Borrowers successors in interest.
11. Forbearance by Lender Not w Rhirer. Any forhearance by lender in exercising any right or remedy hereunder, or
otherwix afforded by applicable law. shall not be a waiver of or preclude the exercise of any such right or remedy.
The procurement of insurance Qr 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 sectrrcd by this Mortgage.
12. Remedies Cumulative. 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 strecessively.
' 13. Srccessoa and Asaligws Bound; .7dwt and Several i.iabiYfy; Captlons. The covenants and agreements herein
contained shall bind, and the rights hereunder shall inure to. the respective successors and assigns of Lender attd Borrower.
subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be joiry and several.
The captions acid headings of the paragraphs of this Mortgage arc for convenience only and are not to be trsed to
interpret or define the provisions hereof.
14. Notke. Except for any notice 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 addresxd to Borrower at
the Property Address or at such other address as Borrower mav_ designate by notice to Tender as provided herein, and
fb) any notice to Lender shall he given by certified mail. return receipt requested. to i.ender 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 (_ender when given in the manner designated herein.
IS. Uniform Mortgage: Governing law; Se.enbility. 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
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 affect
other provisions of this Mortgage or the Note which can be given effect without the conflicting provision, and to this
end the provisions of the Mortgage and the *lote are declared to be severable.
l6. 11Zortrower's Copy. Borrower shall be furnished a conformed copy of the Note and of this Mortgage at the time
of execution or after recordation hereof.
17. Transfer of the Property; Assumption. If all or any part of the Properly or an interest therein is sold or transferred
by Borrower without Lender's prior wrinen consent. excluding (al the creation of a lien or encumbrance subordinate to
this Mortgage. (bl the creation of a purchase money security mterest for household appliances. (e) a transfer by devise,
descent or by operation of law upon the death of a joint tenant or (dl the grant of any leasehold interest of three years or less
not containing an option to purchase. Lender may. at I.ender'c option, declare all the sums secured by this Mortgage to be
immediately due and payable. [_ender shall h;,ve waived such option to accelerate if, prior to the wk or transfer. Lender
and the person to whom the Property is a. be :oIJ or transferred reach agreement in writing that the credit of each person
is satisfactory to Lender and that the intcre.t payable on the sums secured by this Mortgage shall be at such rate ac Lender
shall request. If !-ender 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
obligations under this Mortgage and the Note.
If Lender exercixs 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 fails to pay such stems prior to the expiration of such period,
Lender may. without further notice or demand on Borrower. ,nvoke any remedies permitted by paragraph IR hereof.
Nosy-UNI<=01tM COVENANTS. Borrower and Lender further covenant and agree as follows:
lit. Accekratiow; Remedies. Except ss provided iw pruagrspb 17 hereof. trpow lorrower's breach of awy corttsawt ore
agreement of Borrower in this Mortgage, iwcludinR the covenants to pay when due awy sours secured 6y ebb Mortgage. Lender
prbr to accekratbe shall mail notke to Qorrower as provided In paragraph 14 hector specifying: (1) the breach: (21 the setbw
required to cure such brrsch;l3) a date. woe less than 30 days from the date the notke b mtrHed to Borrower. by whkh such
brreach mmt be erred; awd (1) that tailrace to core such breach ow or before Ibe date spccl6td iw the wotkt may result h
accekntion of the saws secnred by this Mortgage, torcclosrre by jtrdkial proceeding awd sale of the lroperry. The wotfee
shall further inform Borrower of the right to reinsfste deer accekratbw swd the right b asseA h the toreelosrre proceediwg
the trop-existtwct of w defauN or any other defense of <<orrower to wccekratiow acrd fortclos•te. If tbt breach b woe erred ow
or before the date specified is the notice. Lender at Lender's optbw wtay rfltelste aN of the wwts secured 6y Mb MortRsRt to be
imurtediatcly due awd payable without turtber demand and may foreclose fhb Mortgage b7' jrdicW procec~. f.ende- shah
~e ewtitkd to cotters iA arch proceednwR all a:proses of foreclosrre, Iwclydiwg, bet woe Ymited to. nasowabk sttnrner's fees.
sad costs of docrteeMary et-iderret. abstracts and title reports.
19. Idorrowet's Rlght to Reinstate. Notwithstanding 1 ender s acceleration of the sums secured by th,s Mortgage.
Borrower shall have the right to have and prcxeedmes begun by Lender to enforce thn Mortgage discontinued at any time
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