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<br />Lender's written agreement or applicable law. Borrower shall pay the amount of all mortgage insurance premiums in, the
<br />manner provided under pazagraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7. with interest thereon, shall become additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment, such
<br />amounts shall be 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 time to 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 shalt bear interest at the highest rate
<br />permissible under applicable taw. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />any action hereunder.
<br />S. Inspection. Lender may make or cause to he made reasonable entries upon and inspections of the Property, provided
<br />(fiat Lender 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 consequential, in connection with any
<br />condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned
<br />and shall be paid to Lender.
<br />to the event of a total taking of the Property, the proceeds shalt fie applied to the sums secured by this Mortgage,
<br />with the excess, if any, paid to Borrower. Tn the event of a partial taking of the Property, unless Borrower and Lender
<br />otherwise agree in writing, there shall be applied to the sums secured by this Mortgage such proportion of the proceeds
<br />as is egnal 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,.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to make
<br />an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date such notice is
<br />mailed, Lender is authorized to collect and apply the proceeds, at Lender's option, either to restoration or repair of the
<br />Property or to the sums secured by this Mortgage.
<br />Unless Lander and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend
<br />or postpone the due date of the monthly installments refetted to in paragraphs 1 and 2 hereof or change the amount of
<br />such installments.
<br />10. Borrower Not Released. Extension of the time for payment or modification of amortization of the sums secured
<br />by this Mortgage granted by Lender [o 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 shalt not be required to commence
<br />proceedings against such successor or refuse to extend time for payment or otherwise modify amortization 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 />11. Forbearance by Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy.
<br />The procurement of insurance or the payment of razes or other liens or charges by Lender shall not be a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />12. Remedies Cumulative. All remedies provided in this Mortgage are distinct and cumulative to any other right or
<br />remedy under this Mortgage or afforded by law or equity. and may be exercised concurrently, independently or successively.
<br />13. Successors and Assigns Bound; Joint and S°veral l.iab7ify; Captions. The covenants and agreements herein
<br />contained shall bind, and the rights hereunder shall inure to, the respective successors 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 be used to
<br />interpret or define the provisions hereof.
<br />14, Notitt. 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 be given 6y mailing such notice by certified mail addressed to Burrower at
<br />the Property Address or a[ 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'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 when given in the manner designated herein.
<br />I5. Uniform Mortgage; Governing Law; SeversbiliW. This form of mortgage combines uniform rnvenants 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 located. In the
<br />went that any provision ar clause of this Mortgage or the Note conflicts with applicable law, such conflict shah not affect
<br />other provisions of this Mortgage or the Nute which can be 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. Borrower's Copy. Borrower shall be furnished a rnnfotmed copy of the Note and of this Mortgage at the time
<br />of execution or after recordation hereof.
<br />17. Trauefer 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 />descent or by operation of law upon the death of a joint tenant or (d1 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 accelerate if, prior to the sale or transfer, Lender
<br />and the person to whom [he 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 by this Mortgage shall be 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 agrcement accepted in writing by Lender, Lender shall release Borrower from all
<br />obligations 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 not less than 30 days from the date the notice is mailed within
<br />which Borrower may psy the sums declared due. if Borrower fails to pay such sums prior to the expiration of such period,
<br />Lender tray, without further notice or demand on Borrower, invoke an}' remedies permitted by paragraph 18 hereof.
<br />Nor[-UtvtFOaM CovetvertTS. Borrower and Lender further covenant and agree as follows:
<br />1& Acceieratba; RemMies. Except as provided in paragraph f7 hereof, upon Borrower's breach of any covenant or
<br />agreemeat of Borrower is this Mortgage, iaclnding the covenants to pay when due any sums secured by this Mortgage,
<br />Leadu prior to acceleration dtaB mail notice to Borrower as provided in paragraph l4 hereof specifying: il) the breach;
<br />(x) fire actba requited to avue etch breach; t3) a date, not less thou 30 days from the date the notice is mailed to Borrower,
<br />by w4iclr Hoch btaclt least >k cured; and i41 that failure to cure sueh tueach on or before the date specified in the ttotiee
<br />ssttg resod in accdsrat{oa of the sums secured by this Mortgage, foreclosure by judicial proceeding and sale of the Property.
<br />TNe irMice sbaY farther inform Borrower of the right to reimtate after acceleration and the right to assert in the foreclosure
<br />pnoeeaibt~ the aawtxWenet of a defattd or any other defetrse of Borrower to acceleration and foreclosnrc. If the breach
<br />fit not eared an or before the date speci8ad in the outlet, Lender at Lender's optba may declare aB of the sums secured 6y
<br />tftia,Mactpg; to be {mmedtMety doe sad payable wdhout further demand wd my torcdase by judicW proceedlag. Leader
<br />sW{ ba etstltlsd to eoBsN in melt proceeding ad expenses of torecloaure. including, bnt not limited to, cuts of documentary
<br />sw6tisrce, trbsAtaeb aad thk reports.
<br />lf. 1grrMnttrs Rfgltt to Ittimttue. Notwithstanding Lenders acceleration of the sums secured by this Mortgage,
<br />Borrower ahilT have the right to ltrive any proceedings begun by tender to enforce this Mo::gage discontinued at any time
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