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<br />tinder. wrm n agreement or applicable law. Burrower shall pay the amount of all mortgage insurance premiums in the
<br />manner provide under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shall become additional
<br />indehtedrsess of Borrower secured by Ibis Mortgage. Unless Borrower and Lender agree to other terms of payment. such
<br />Amounts shall he payable upon notice from Lender to Borrower requesting payment thereof. and shall bear interest from the
<br />date of disbursement at the rate payable from lithe M time on outstanding principal under the Note unless payment of
<br />interest at such rate would be contrary to applicable law, in which event such amounts shall bear interest at the highest rate
<br />permrissriNc under applicable law. Nothing contained in this paragraph '. shall require Lender to incur any the i expense or take
<br />any action hereunder
<br />Mgeetim Lender may make or cause to he made reasonable entries upon and inspections of the Pro did
<br />that Leader .hail give Borrower notice prior to any such inspection ��, Pry
<br />intense in the It pecifymg reasonable cause therefor related to Lender's
<br />Property.
<br />1. GanderAmOU . The Proceeds of anv award or claim for damages. direct or consequential, in connection with any
<br />: ondemnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation. are hereby assigned
<br />and shall he paid to Lender.
<br />In the event of a total taking of the Property the proceeds shall he applied to the slims secured by this Mortgage,
<br />,with the rs,,s, if any, paid to Borrower. In the event of a partial taking of the Property, tmkss Borrower and Lender
<br />otherwise agree in w•ritine, there shall he applied to the sums secured Iry this Mortgage such proportion of the proceeds
<br />as is equal u, that proportion which the amount of the sums secured by this Mortgage immediately prior to the date of
<br />taking bear, to the fair market value of the Property immediately Proceeds
<br />to Borrower .
<br />prior to the date of taking, with the balance of the pceeda
<br />if the Property is Abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offerer to mate
<br />An award or settle a claim fl'tr damages. Borrower fails to respond to Lender within 30 days after the date such notice is
<br />mailed. Lender t, authorized to collect and apply the proceeds, at Lender's option, either to restoration or repair of the
<br />Propern or to the sums secured by this Mortgage.
<br />Unlec, I ender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend
<br />or postpone ;he due date of the monthly installments referred to in paragraphs I and 2 hereof or change the amount of
<br />such installments.
<br />19. Ban wet 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 requited to commnc
<br />proceedings against -rich successor or refuse to extend time for payment or otherwise modify amortizatioti of the suems e
<br />secured by this Mortgage by reason of any demand made by the original Borrower and Borrowers successors in interest.
<br />11. Forbearance by Leader !Vat a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder. or
<br />Otherwise afforded by applicable law, shall not he a waiver of or preclude the exercise of any such right or remedy.
<br />The procurement of insurance or the payment of raves or other liens or charees by Lender %hall not be a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness . ecured by thi, Mortgage
<br />11 IRe>.edies Cwnulative. All remedies provided in this Mortgage are distinct and cumulative to am other right or
<br />remedy under thi, Mortgage or afforded by law or equity. and may he cvcrcrscd concurrenth independently or successively.
<br />13. Saccersoa and Aslrgas Round: Joint and Several f.iahrBn•; Captions. The covenants and agreements hert:in
<br />contained shall hind. and the rights hereunder shall inure to. the respective succcssors and assigns of Lender and Borrower.
<br />subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be joint and several.
<br />The Captions and headings of the paragraphs of this Mortgage are for convenience only and are not to he used to
<br />inlerpl+et or define the provision, hereof.
<br />11. Nelice. Except 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 he given by ma,ang such notice by certified mail addressed to Borrower at
<br />the Property Address Car 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 Lender'- 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 he deemed to have been given to Borrower or 1 ender when given in the manner designated herein.
<br />13. Usi►orsd
<br />NagLage: Governing l.asv; Severability. This farm of mortgage combines uniform covenants for national
<br />use and nun- 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 located. to the
<br />event that any provision or clause of this Mortgage or the Note conflicts with applicable law, such conflict 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 :Vote arc declared to be severable.
<br />If. Raerawtes Cott'. Borrower shall be furnished a conformed copy M the Note and of this Mortgage at the time
<br />Of execution or after recordation hereof.
<br />17. Transfer of the Property. Assmolitioa, 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 tat the creation of a lien or encumbrance subordinate to
<br />Ibis Mortgage. (b) the creation of a purchase money security interest for household appliances. 1c) a transfer by devise,
<br />descent or by operation of taw upon the death of a joint tenant or
<br />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 In accelerate 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 credit of such person
<br />is satisfactory to Lender and that the interest payable on the sums secured b% this Mortgage shall he 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 has executed a written assumption agreement accepted in writing by Lender. Lender shall release Borrower from all
<br />obligations under this Mortgage and the Noce.
<br />If Lender exercises such option to accelerate. Lender shall mail Borrower notice of acceleration in accordance with
<br />paragraph 14 hereof Such notice -hall provide a period of not less than 30 days from the date the notice n mailed within
<br />which Borrower may pay the sums declared due. If Borrower fads to pay such utms prior to the expiration of such period,
<br />Lender may. without further notice or demand on Borrower, invoke any remedies permitted by paragraph 1 ft hereof.
<br />Nors•Urnfoase COVENANTS. Borrower and Lender further covenant and agree as follows:
<br />Igo Acceleration: Rattttares, ifxcgf as trawler is 17 bercof.
<br />sg esaasl M Rarrwoor in this Mrrlgage, aeon Borrower's breach d nay awesaM or
<br />MelaNltg Ike covelrnsas co lay tykes ore any Baas seceder ti obi Marsgage.
<br />Lesdar PIOW M aecaleretiae diall tad notice 10 Rrrraww Ir provided in pas nth ld be so f specifying: (I l the breach;
<br />l2► Ike ttalfw IF 41111 1 d N ewe seek I i A (3) a dote. sal lad thus 30 days frown the late the settee is mailed to so ewer.
<br />ON N sick bleach uses be crredl; and (4) am faiere N cure sock breach an air before the dote specpled is the nodre
<br />srsy rMA in acceleration of the woos second by this MoApge, ftirecloostre by Judicial poceeding nor sale of the Pn*ersy.
<br />Tee sae - 660 fertbrr v nrra Borrower of die rigkc to rthMOIE after acceeralen nor Ike r*M to amen is Ike foreckwure
<br />Proceeding chat aoa- cafsascw of a lslsdl ot any ticker defense of Borrower co acceferatlon sad foreclosure. N cbe breach !
<br />N so ewer as tir before ON dote wtscihed in eke swice, tender or l.vn/ei s option may declare all of the sorts secured by j
<br />Ibk Mortgage to be irswredisteiy doe mar psyokie wkhoul farther demand sod mat foreelrwe lit judicial proceeding. I.enrer
<br />shall Ito entitled to eoNecr is sack prmeeriwg AN expenses of foreclosure. imfidinr, but mot limbed Io, costs at docnmenlan
<br />evidroce. alAtim 1% and title repr.ns.
<br />f1. BerrUwtl• Ritht to Rejustde. ', <,Iw rlhat erz d,rA I ruder l !'lei.rinri :I !hr ,!n ae. un•d tit the ,toes l�HRC.
<br />ffinre,rct ;i,ail have !h. r: ht is:,vr ails naet'dui a x I cr,drr i• :set,r.,r !h.. Al „rg.,1;; 1P-'1-.Vi .it ,inn lmw
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