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<br /> 77. UU ` '751
<br /> Lender's wrilten agrcement or applicnbie luw. Borrower shnll pny thc amounl of ail modgage insurancc prcmiums in thc
<br /> manner provided under pnrngraph 2 hcreof.
<br /> Any amounts disbursed by Lender pursunnt to this paragraph 7, with intercst thercon, shall become ndditional
<br /> indebtedncss of Borrowcr securcd by this Mortgage. Unless Horrower and Lcnder agrcc lo other tcrtns of paymenl, such
<br /> amounts shell be pnyablc upon noticc from Lcnder to Borrowcr requcsting paymcnt Ihcreof, and shall bear intcrat from thc
<br /> r date of disbursement at the rate payable from time to Iime on outstanding principal undtt the Notc unless payment of
<br /> interest at such rnte would be contrery to npplicebic law, in which cvent such amounts shall bear intcrest at thc highest rate
<br /> permissible under applicable law. Nothing contained in this parugraph 7 shall requirc Lender to incur any expense ar take
<br /> any action hereunder.
<br /> 8. InspecNoa Lcnder may makc or cause to be madc reasonable cntrics upon and inspcctions of thc Property, provided
<br /> thnt Lender shall give Borrower notice prior lo any such inspeclion specifying rcasonable cause therefor rclated lo Lender's
<br /> intcrest in thc Property. ' "
<br /> 9. Condemnalion. The procceds of any award or daim for damages, direct or consequential, in connection with any
<br /> condemnation or other taking of the Propeny, or part thereof, or for conveyance in lieu of condemnation, nre hercby assigned
<br /> nnd shall be paid to Lendcr.
<br /> In thc cvent of n total taking of the Properry, thc procecds shall bc applied to the s�ims secured by this Mortgagc.
<br /> with the ezcess, if any, paid to Horrower. in the cvent of a partial taking of thc Properry, unless Borrower and Lcnder
<br /> olherwise agrce in writing, therc shnll bc applicd to the sums sccurcd by this Mortgage such proportion of thc procceds
<br /> as is equal to that proporiion which thc amount of thc sums sccured by this Mortgage immcdiately prior to the date of
<br /> , taking be�rs to Ihe fair market valuc of the Property immediatcly prior to thc datc of taking, with ihe balancc of the procccds
<br /> paid ro Borrower.
<br /> If the Property is abandoned by Borrowec or if, after notice by Lender to Borrower that the condemnor oRers to make
<br /> an award or sctllc n claim for damages, Borrower fails to respond to Lendcr within 30 dnys after the date such noticc is
<br /> mailed, Lcnder is nuthoriud to collect and apply thc procceds, at Lender's option, cither to restoration or repair of the
<br /> Property or to the sums secured by this Mortgage.
<br /> Unless Lender and Horrawer othenvise agree in wriling, any such application of proceeds to principal shall not extend
<br /> or postponc the duc date of thc monthly installmcnts referrcd to in paragraphs 1 and 2 hercof or change the amount of
<br /> such installments.
<br /> � 10. Borrower Not Released. Extension of the time for paymcnt or modification of amortization of thc sums secured
<br /> by this Mottgagc granted by Lcnder to nny successor in intcrest of Borzowcr shall not operatc ro releasc, in any manner,
<br /> the liability of ihe original Borrower and Borrower's successors in interat. Lender shall not be rcquired to commence
<br /> proccedings against such successor or refusc lo extend time for payment or othcrwise modify amortization of the sums �
<br /> secured by this Mortgage by mason of any demand made by ihc original Borrowcr and Uorrowcr's successors in interest.
<br /> Il. Forbearance by Lender Not a Waivee Any forbearance by Lender in exercising any right or remedy hereunder, or
<br /> otherwisc afforded by applicablc Inw, shall not be a waivcr of or precludc the excrcisc of any such right or rcmedy.
<br /> ' The procurement of insurancc or the payment o( taxes or other liens or chargcs by Lender shall not bc a waivcr of Lcndcr's
<br /> ; right to accelerate the maWriry of the indebtedness secured by this Mortgage.
<br /> . 12. Remedies Cumulalive. All remedies provided in this Mortgage are distinct and cumulative to any other right or
<br /> remedy under this Mortgagc or afforded by law or equity, and may be excrciscd concurrently, independently or successively.
<br /> 13. Successors and Assigns Sound; Joinl and Serernl i.inbility; Cnptlons. The covenants and agreements herein
<br /> contained shall bind, and the rights hereunder shall inurc ro, the rcspective successors nnd assigns of Lender and Borrower,
<br /> subject to the provisions of paragraph 17 hercoL All covcnants and agrcements of Borrowet shall bc joint and several.
<br /> 'ihe captions and heudings of the paragraphs of this Mortgage are for convenicncc only and are not to be used to
<br /> interprct or dcfine the provisions hcrcof.
<br /> 14. Nolice. Except for uny notice required under applicable Inw to be given in another manner, (a) any notice to
<br /> Borrower provided tor in ihis Mortgage shall bc givcn by mailing such noticc by certificd mail addressed to Borrowcr at
<br /> thc Property Address or at such othcr address as Borrowcr may dcsignate by noticc to Lcndcr as provided hcrcin, and
<br /> (b) any notice to Lender shall be given by certificd mail, reWm receipt requested, ro Lenders adJress stated herein or to
<br /> such other addrcss as Lender may designate by notice to Borrower as provided herein. Any notice provided for in this
<br /> j . Mortgage shall bc deemed to havc becn given to Borrowcr or Lcnder when givcn in thc manner designated hcrein.
<br /> 15. Uniform Modgage; Goveming Law; Severobility. This (orm of mortgage combines uniform covenaNs for national
<br /> use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering
<br /> ' real property. This Mortgage shall be governed by the law of the jurisdiction in which the Property is localed. In the
<br /> event that any provision or dause of this Mortgage or the Nole con0icts wilh applicable law, such conllict shall not afiect
<br /> other provisions of this Mortgage or the Note which can be given efiect without Ihe conilicting provision, and to this
<br /> end thc provisions of the Mortgage and thc Note arc dcclared to bc severable.
<br /> ; 16. Borrower's Copy. Horrower shall be furnished a conformed copy of the Note and of this Mortgage at the time
<br /> of cxecution or aftcr rccordation hercof.
<br /> ; 17. Transfer ot the Propedy; Assumption. If all or any part of thc Properry or an interest therein is sold or transferred
<br /> by Borrowcr without Lender's prior written consent, excluding (a) the creation of a lien or encumbrahce subardinate to
<br /> f this Mortgage, (b) the crcation of a purchasc money sewrity intcresl for household applianccs, (c) a transfer by devise,
<br /> desccnt or by operation af law upon Ihc death of a joint tenant or (d) thc grent of any Icaschold inicrcst of threc years or ]css
<br /> i not containing an oplion to purchase, Lender may, at Lendcr's option, declare all the sums securcd by this btortgage to be
<br /> immediatcly duc and payablc. Lendcr shnll havc waivcd such option to accelcratc if, prior to thc salc or trnns(er, Lcnder
<br /> and the person to whom the Properry is to be sold or trans(crred reach agreement in writing that the credil of such person e
<br /> is mtisfactory to Lender and that the interest payablc on thc sums sccured by this Mortgagc shell bc at such rate as Lender
<br /> shall request. If Lender has waived the option to accelerate provided in this paragraph 17, and if Borrower's successor in
<br /> interest haz executed a written assumption agreement acccpted in writing by LenJer. Lender shall rclease Borrowcr from nll
<br /> obligations under this Mortgage nnd the Notc.
<br /> If Lender exercises such option to accclerete, Lrnder shall mail Borrower notice of acceleration in accordance with
<br /> ' paragraph 14 hercof. Such notice shall provide a period of not less than 30 days from the date the notice is mailed within
<br /> which Borrower may pay the sums declared due. i( Bortouer fails to pay such sums prior to the expiration o( such period,
<br /> Lendcr may, wilhout further noticc or demand on Borrowcr, invoke nny rcmcdics permiued by paragraph 18 hcreof.
<br /> ' NoN-Ur+iFoxrf CoveNeNrs. Borrower and Lender furiher covenant and agree as follows:
<br /> 18. Acceleratton; Remedfes. E:cept as provided in paroRraph 17 hereof, upon Borrower's breach af any covenent or
<br /> : a�reement of Borrower in Ihis Modgage, including Ihe co� enants fo pay when due uny sums secured by thb Mortga�;e,
<br /> Leader pdor !o acceleratlon shell mail nodce to Borrower as provtded in pera�raph 14 hereof specifying: (1) lhe breach;
<br /> (2) the aclion tequtred lo curc such brwch; (3) a dale, nol less than 30 days from the date lhe notice is mailed to Borrower, r�, � • : ;
<br /> by which such 6rcach must bt wred; nnd (4) that fnilure to cure such breach on or before Ihe dale specffied in lhe notice ' ` � "' �
<br /> may result In ecceleretion of Ihe soms secured by this 111orlgage, foreclosure by judfclal proceed(ng and snle of the Propedy. r'. ' ; ,;'
<br /> j The noUce shall turther inform Borrower of Ihe right to reinslate afler acceleratlon and lhe rlght lo assert in the foreclosure �
<br /> � procading the non-extctence af a default or any other defense of Borrower to acceleratlon and Eoreclosnre. IE the breach � ,
<br /> Is not cured on or before lhe date specifled in Ihe notice, Lender al Lender's optlom m�y declare nll oF Ihe sums secured by n ;
<br /> thta Atortgage to be Immedlately duc and payable Mithoul furlher demend and may foreclose by judicia! procceding. Lendcr �
<br /> ahell be ealitled to collect in such proceeding all expenses ot foreclosure, includinR, but not limited lo, cosLS ot documentary
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<br /> evidence, absttncla end qlle reports.
<br /> 19. Borrower's Right fo Relnstele. Notwithstnnding Lender's acceleration of the sums secured by this Mortgage, • •j
<br /> Borrower shull have the dght ro have any proceedings begun by Lender to enforce this Mongage discontinued at Toy timc
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