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<br /> Lender's written agreement or applicablt law. Borrower shall pay the amount of all mortgage insnrance premiums in the
<br /> manner provided under paragraph 2 hereof.
<br /> ". Any amounts disbursed by Leoder pursuant to this paragraph 7, with interest thereon, shall become additional
<br /> i indebtadntas of Borrower securcd by this Mortgage. Unless $orrower anii Lender agrce to other terms of payment, suah
<br /> amount9 shall be payadle upon notice from Lender to Horrower requeating payment thereof, and shatl bear interest fmm the �
<br /> � date of disbursement at the rete payable from time to time on outstanding principal undec the Note unless payment of
<br /> interest at sueh cate would be contrary fo applicable law, in whieh event such amounts shall bear interext at 4hc highest rate
<br /> � permisaible under applicable law. Nothing contained in this paragraph 7 shall require Lender to inac�r any expense or take
<br /> any aetion hereunder.
<br /> 8. inspectlon. Lender may make or cguse to be made reasonabie entries upon a�d inspections of the Property, pravided
<br /> ' that L,ender sha1F give Botcower noeice prior to any such inspection speciFying reasonable cause therefor related to i.ender's
<br /> � interest in the PropeRy.
<br /> 4 9. Condemoatian. The proceeds of any award or daim for damages, direct or consequentiaf, in connection wieh any
<br /> fcondemnallon or other taking of the Property, or part thereof, or For conveyance in lieu of condemnation, are herc6y assigned
<br /> , and shall be paid to Lender.
<br /> ,' In the event of a total taking of the Property, the proceeds shall be applied to rhe swms secured 6y this Mortgage.
<br /> � with the excess, if any, paid to Borrower. In Ehe event of a partiai taking of the Propeny, unless Borrower and Lender
<br /> � otherwise agree in writing, there shall be applied to ihe sums secured by this Mortgage such pcoportion of the prnceeds
<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 t'he Pcoperty immediately prior to the date of taking, w�ith the balance of the proceeds
<br /> ' paid to Barrower.
<br /> I If the Praperty is abandoned by Borrower, or if, after noNce by Lender to Bornower rhat the condemnor offen to make
<br /> � an award or settle a daim for damages, Borrower fails to rcspc�nd to Lender within 30 days aEter the date such notice is
<br /> i mailed, Lender is autharized to coqtct and apply thc proceeds, at Lender's option, either to restoraCion or repair of the
<br /> Property or to the sums secured hy this Mortgaga
<br /> Unless Lender and $orrower otherwisc agree in writing, any �uch application of praceeds to principal shall r�ot extend
<br /> or pas;pane the due date of the monthly installments re6erred fo in paragraphs 1 and 2 hereof or change the amount of
<br /> sach installments.
<br /> ; 10. Borrower 1Vo4 Iteltased. Extension of the time for payment or modiScation �f amortization of the sums stcured
<br /> r by this Mortgage grac�ted by Lender tb any successor in interest of Borrower shall not operate to release, in any manner,
<br /> } the liabiliry of the original Borrower and Borrower•s succusors in interas2. Lender shall not be required co cornmence
<br /> f proceedings against surh successoe or refiase to extend time for paymenf ar otherwist mudify amortitation of the aums
<br /> � secuced by this hfartgage by reason af any demand made by the original Borrower and Borrowcr's successon in interest.
<br /> i ] 7 . Forbearance by Lender Not a Waiver. Any forbearance by Lender in exereising any right or remedy hereunder, or
<br /> � otherwise afforded_ by applicabTe law, shall nqt be a waiver of �rr prectude the exercise of any such right or remedy.
<br /> ; � The pcoeuremeno of insurance or ihe payment of taxes or other liens or charges by Lender shall not be a waiver af Lender's
<br /> right to accelerate th'e maturity of the indebtedness serured by rhis MoRgage.
<br /> i12. Remedies Cumulativa Alt remedies provided in this Mortgage are distinct and cumulative to any �ther right or
<br /> remedy under this Mortgage ar afforded by !aw or equity, and may lx exercised concurrently, independently oe successively.
<br /> 13. Successors and Assigns Bound; Joint and Se��eral Liab7ity; Captlons. 'Ihe ravenants and agreements herein
<br /> contained 5ha11 bind, and the rights hereunder shall inure to, the respective successors and assigns of Lender and BorroweG
<br /> su6ject to the provisians of paragraph 17 hereof. Atl covenants and agreements af Borrawer shall be joint and several.
<br /> The captions and headings af the paragraphs o[ this Mortgage are for mnvtnience only and are not to i� used' to
<br /> interpret or define Che provisions hercaf.
<br /> � 14. Notice. Except for any notice required under applicable law to be given in another manneq (a) any notice to
<br /> Borrower provided for in this Mortgage shall be given by rnailing such notice by certified mail addressed to Borrower at
<br /> the Property Address or at such other address as Borrbwer may designate by notice to Lender as provided herein, and
<br /> (b) any notice to Gender shall be given by certified mail, retum receipt requested. to Lender's address stated herein or to
<br /> such other address as Lender may designate by notice to Borrower as provided herein. Any notice provided for in this
<br /> Mortgage shall be deemed to have been given to Borrower or Lender whrn given in the manner designated herein.
<br /> 15. Uniform Mortgage; Governing Law; Severab�ity. This form of mortgage combines uniform covenants for national
<br /> .} use and non-uniform covenants with limited variations by jurisdiction to constimte a uniform security instrument covering
<br /> 3 real property. This 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 Note conflicu with applicable law, such conflict shall not affect
<br /> � other provisions of this Mortgage or the Note which can bc given effect without the conflicting provision, and to this
<br /> � end the provisions of the Mortgage and the Note are declared to be severable.
<br /> 16. Borrowets Copy. Borrower shalt be furnished a conformed copy of the Note and of this Morcgage at the time
<br /> of execution or after recordation hereof.
<br /> 17. Transfer of the Property; Assumptton_ If alt or any par[ of the Property or an interest therein is sold or transfetted
<br /> '� by Borrower without Lender•s prior written consent, excluding (a) the creation of a lien or encumbrance subordinate to
<br /> I this Mortgage. (b) the creation oF a purchase money security interest for household appliances, (c) a transfer by devise,
<br /> descent or by operation of law upon the death of a joint tenant or (d) the grant of any leasehold interest of three years or less
<br /> not containing an option to purchase, Lender may, at Lender's option, declare all the sums secured by this Mortgage to be
<br /> immediately due and payable. Lender shall have waived such option to accelecate if, prior to the sale or transfer, Lender
<br /> and the person to whom the Property is to be sold or transferred reach agreement in writing that the cndit of such pmson
<br /> is satisfactory to I.ender and that the interest payable on the sums secured by this Mortgage shall be at such rate as Lender
<br /> shall requut. If Lmder has waived the option to accelerate provided in this paragraph 17, and if Bocrower's successor in
<br /> intercst has executed a written assumption agreement accepted in writing by Lender, Lender shall release Borrower from all
<br /> obligations under this Mortgage and the Note.
<br /> If Lender exercixs sueh option to accelerate, Lender shall mail Borcower notice of acceleration in accordance with
<br /> paragraph 14 hereof. 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 dulared due_ If Borrower fails fo pay such sums prior to the expiration of such period,
<br /> � L.ender may, without further notice or demand on Borrower, invoke any remedies permitted by paragraph 18 hereof.
<br /> Norr-UtviFox�t Covexwx-rs. Borrower and Lender further covenant and agree as follows:
<br /> 1& Acceleratba; Remedles. Fscept as pwvided In paragnph 17 hereof, upon Borrower's 6rcach of any covenaat or +
<br /> a�eement of Barrower in thts MotYgage, inctudl� the corenants to pay when doe any soms secured by this Morlgage,
<br /> Lender pdor to accehration ahall mail notice fo Borrower as provlded in paragraph 14 hereof speclfying: (1) the breac6; '�
<br /> (2) tlK act(on reqdred to c�me such 6reach; (3) a date, not leas than 30 days from the date the notice is mailed to Borrower, -W �
<br /> by nhicL euch bieach moet be cured; and (4) Ihat fallure to wre auch breach on or before the date specified lo the notice �` �' ',
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<br /> mqY resoltJn accdecatton oE the an� secured by this Mortgage, forecbsure by judiclal pnoceediog and sale of the Property.
<br /> The noHce s6all farther inform Bocrower of the rlght to relnstate after acceientlon and the rlght to assert in the foreclosure
<br /> proaeediu� the non-e:btence oE a defaalt or a�y ot6er defense of Borrower to accelentfon and foreclosure. If the breach
<br /> is aot cured oa or beEorc t6e date speclRed in /6e notice, Le�er at Lender's optlon may declare alI ot ffie sums secured by ;' r -
<br /> t6is Mort�age to be Smmedtatdy dae and payable wlthout further demand and may foreclase by judiclal proceeding. Lender , ,
<br /> sLa116e mtltled to colleM in sach proceedl� all ixpenxs of forcclosure, Includi�, but noe Iimlted to, costs of docnmentary
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<br /> evldeoce, sbstracb sod tltte sepo�b. , . ,
<br /> 19. BorrowePs Right to Rei�tale. Notwithstanding Lender's accderation of the sums secured by this Mortgagc,
<br /> Botrower ahall have the rlght to have any proceedings begun by Lender to enforce this Mortgage discoatinued at any time
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