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<br /> ' Lender's written agneement or applicable law. Borrower shall pay the amount oF all mortgage insurance premiums in the
<br /> , i maaner pYovided under paragraph 2 hereof.
<br /> � Any amounts disbursed by Lender pursuant to this paragraph 7, with interest theroon, shall become additional
<br /> indebtedness of Borrower secumd by ffiis Mortgage. Unless Borrower and Lender agree to att�er terms of payment, such
<br /> � amounts shall be paya6le upon notice from Lender to Borrower reqaesting payment thereof, and shall bear interest from the �
<br /> � date of disburxment at the rate payable fram time to time on outstanding principal under the Note unless payment of �
<br /> � interest at suqh rate would be contrery to appiicable law, io whicl� event suc6 amounta shall bear interest at the highest rate
<br /> , _ permiaablc under applocable law. Nothing contained in this paragraph '7 shall requirc Lender to incur any expense or take
<br /> any action hereunder.
<br /> � 8• IospecNon. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br /> ,S that tender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's ,
<br /> � interest in the Property. �
<br /> 9. Condemnation. The proceeds of any award or claim for damages, direct or consequentiat, in connection with any �
<br /> j condemnation or other taking of the Property, or part thereof, or for wnveyance in lieu of condemnation, are he:eby assigned R '-'
<br /> � and shall be paid to Lender. ,,
<br /> Tn the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Mortgage, i
<br /> with the excess, if any, paid to Borrower. In the event of a partial taking of the Property, unlces Borrower and I.ender f
<br /> � otherwise agree in writing, there shait be applied ro the svms secured by tBis Mortgage such proportion of the proceeds i
<br /> as is equal to that proportion which the amount of the sums secured by this Mortgage immediately prior to the date of �
<br /> � taking bears to the fair market value of the Property immediately prior to the date of taking, with the balance of the proceeds "
<br /> paid to Borrower. r',
<br /> 7f the Property is abandoned by Borrowec, or if, after notice by L.ender to Bocrower that the condemnor offers to make ;;`
<br /> an award or settle a daim for damagu, Borrower fails to respond to Lender within 30 days after the dare such notice is
<br /> mailed, I.ender is authoriud to collect and apply the proceeds, at Lender's option, either to resroration or repair of the
<br /> Propeny or to the sums secured by this Mortgage.
<br /> Unless I.ender and Borrower otherwise agree in writing, any such application of proceeds to principal shatl no[ extend.
<br /> or postpone the due date of the monthly installments referred to in paragraphs I and 2 hereof or change the amount of `
<br /> such installments. ,'
<br /> 30. Borrower Not Released. Extension of the time for payment or modification of amortization of the sums secured
<br /> by this Mortgage granted by Lender to any successor in interest of Borrower shall not operate to release, in any manner,
<br /> the liability of the original Borrower and Borrower's successors in interest. Lender shall not be required to commence
<br /> proceedings against such successor or rofuse to extend time for payment or otherwise modify amonization of the sums „
<br /> secured by this Mortgage by reason of any demand made by the original Borrower and Borrower's successors in interest. •
<br /> I1. Forbrarsnce 6y i,ender Not a Waivee Any forbearance by Lender in exemising any right or remedy hereunder, or ;
<br /> otherwise afforded by applicable law, shall not be a waiver of or preclude the eaercise of any such right or remedy.
<br /> The procuremtnt of insurance or the paymrnt of taxes or other Iiens or charges by Lender shall not be a waiver of Lmder's
<br /> right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br /> l2. Remedles Cumulstive. All remedies provided in thix Mortgage arc disiinct and cumutative to any other right or
<br /> rcmedy under this Mortgage or afforded by law or equity, and may be exercised concurmntly, independently or succcssively. ;
<br /> I3. Soccessors and Asslgns Bound; Joint and Several Liabltity; CapHons. The covenanu and agreements herein
<br /> contained shall bind, and the rights hereunder shall inure to, the respective successors and assigns of Lender and Borcower,
<br /> subject ro the provisions of paragraph 27 hereof. All covenants and agreements of Bornower shall be joint and severaL
<br /> ?he captions and headings of the paragraphs of this Mortgage are for convenience only and are not to be used to
<br /> interpret or de8ne the provisions hereof. ;
<br /> I4. Notice. Ezcept for any notice required under applicable law to be given in another manner, (a) any notice to
<br /> Borrower provided for in this Mortgage shall be given 6y mailing such notice by certified mail addressed to Borrower at
<br /> the Property Address or at such other address as Borrower may designate by notice to Lender as provided herein, and
<br /> (b) any notice to Lender shall be given by certified mail, return receipt requested. to Lenders address stated herein or to
<br /> such other addnss as Lender may designate by notice to Horrower as provided hercin. Any notice provided for in this r
<br /> Mortgage shall be deemed to have been given to Borrawer or I.ender when given in the manner duignated herein.
<br /> 15. Uniform Mortgage; Goveming Law; Severabllity. This form of mortgage combines uniform covenants for national
<br /> use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform securiry instrument covering
<br /> rtal property. 71iis Mortgage shall be governed by the law of the jurisdiction in which the Property is located. In the
<br /> event that any provision or clause of this Mortgage or the No�e conflicu with applicable law, such conNict shall not affect
<br /> other provisions of this Mortgage or the Note which can be given effect without the conflicting provision, and to this
<br /> end the provisions of the Mortgage and the Note are declarcd to be severable.
<br /> 16. Borrower's Copy. Borrower shall be furnished a conformed copy of the Note and of this Mortgage at the time
<br /> of execution or aher recordation hereof.
<br /> 17. Trnnsf'er of the Property; Assumption. If all or any part of the Property or an interest therein is sold or transferred
<br /> by Borrower without Lender's prior written consent, excluding (a) the creation of a lien or encumbrance subordinate to
<br /> this Mortgage, (b) the creation of a purchase money security interest for household appliances, (c) a transfer by devise,
<br /> descmt or by operatioa of law upon the death of a joint tenant or (d) the grant of any leaxhold intercst of three years or less
<br /> . not containing an option to purchase, Lender may, at Lender's option, declare all the sums ucured by this Mortgage to be
<br /> immediately due and payable. Lender shall have waived such option to acceler.ate if, prior to the sale or transfer. I.ender
<br /> and the person to whom the Propeny is to be sold or transferred reach agreement in writing that the credit of such peison
<br /> is satisfactory to Lender and that the interest payable on the sums secured by this Mortgage shall be at such rate as I.ender
<br /> shall request. If Lender has waived the option to accelerate provided in this pazagraph 17, and if Borrower's successor in
<br /> interest has eaecuted a writtrn ansumption agreement accepted in writing by Lender. Lender shall release Borrower from all
<br /> obligaiions under this Mortgage and the Note.
<br /> If Lender exercises such option to accelerate. Lender shall mail Borrower notice of acceleration in accordance with
<br /> paragraph 14 hereof. Such notice shall provide a period of aot las than 30 days from the date the notice is mailed within
<br /> which Borrower may pay the sums declared due. if Borrower fails to pay such sums prior to the expiration of such period,
<br /> Lender may, without further notice or demand on Borrower, invoke any mmedies permitted by paragraph 18 hereof.
<br /> NoN-U�nrortut CoveNet�rs. Borrower and Lender further covenant and agree as follows:
<br /> 18. AcceleraUon; Remedies. Ezcept as provlded in paraqraph 17 hereof, upon Borrower's breach of any coveoant or
<br /> agmment o[ Borrower in this Mortgage, Includiug the covenants to psy w6en due any sums securcd by t6is Mortgsge,
<br /> Leader pdor to ucekratioo s6a11 mail notice to Borrower as provlded in paragrsp6 14 hereof apecifylag: (1) the breac6;
<br /> (Z) the acftoo required to cute such 6resc6; (3) a date, not lesa than 30 dsys from the date the notice ts mailed to Borrower,
<br /> by wl�ich mch breach mmt be cand; and (4) that fa�ure to cure such breach on or beforc t6e dste speci6ed In the notice
<br /> m�q result tn acceleration of the smro secored 6y thts Morlgage, foreclosure 6y judicTial proceedivg and sale of the Property. �
<br /> The noNce a6a� fort6er inform Borro�►er of t6e right. to rclnstate after acnleration and the dght to asseA in the foreclosure
<br /> . proccedtog the non-e�stence of•a deEault or any olher defe�ne of Borrower to acceleration aod foreclosure. If the 6reach
<br /> Is noCcti�cd on. or befon t6e drte specl8ed fo the ao8ce, Lendu at Lendds option may declsre ap of the sums sccured by
<br /> thk Mo�tpge;to be immedhtdy dne and payable vrithoot furlher demand and may fomtose by jndicial proceedtug. Lender
<br /> shat( 6e entlUed to collect in such proceeding all expe�ea pp foreclosure, including, bo! �rot limked to, costs of documentary
<br /> evldeoco. abst�aeb aod tllle repotYs.
<br /> 19. Horrpwe�s RlQ6t to 'Rei�tate. Notwithstanding L.eodu's acce)eration of the sums secured by this Moregage.
<br /> Borrower s6a11 have tha rlght to have any p�oceedings begun by Lender'to enforce this Mortgage discootinued at any time
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