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<br />I.r's wrrittena agraerxtept or apptitabh taw. Haarower shalt pay the amount of ail mar[gage insurance premeums in the <br />matnnar provided under Paragraph 2. hereof. <br />Any anronnts disbursed By L,endtr pursuant to this paragraph 7, with ineettwst thereon, shall became additional <br />indtbtedne;ss of $orrower secutsd by this Mortgage. L3ntess Borrower and Lender agree to other farms of payment., such <br />amounts shaft be payable upon notice from Lender eo Borrower requesting paymexr[ thereof, and shah bear interest from the <br />dr.FC of di bt:riietrterN at the rata payable from time to time on outstanding principal under the Note unless payment of <br />:interest at stpch rate wmeld be coptrary to applicable law.. in which event such amounts shall bear interest at the highest rate <br />ptrmissible under applicable taw. Nothiatg captained in thin paragraph T shat] require Lender torncur any ertpense ortakt <br />...any action H.eaettader. <br />8< IsaPectioa. Lender may make ae cerise to be made reastrnahfe entries upon and inspections of the Property, provided <br />that. Lender shaft give Batrowes notice prior to any such inspection specifying reasonable cause therefor related to Lender's <br />ntcr~a inthe'Property. <br />4: C~~udee~tloe. The proceeds of ar,}° award or claim for damages, direct or cansequsatiat, in connection with: -any <br />condeustttattion or Mhcr taking of-the Property, ar part thereof, or for conveyance in lieu of condemnation, are hereby assigned <br />and shall Fie paid to Lender. <br />In tht; evetti of a total taking of the Properly, the proceeds shall be applied to the sums secured by this Mortgage. <br />with the excess. if any, paid to $arrawer. in the event of a partial taking of the Property, unless Borrower and Leader <br />otherwise :agree in writing, there shaft be applied to the sums secured by this Mortgage such proportion of the proceeds <br />as is equal; to the[ 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 immcdiatei}~ pricer 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. ar settle a claim for damages, Borrower faits in respond to Lender within 3(l days after the date such notice is <br />tnaifed; Lt;nder is attihttriud to collect and apply the proceeds, at Lender's option, either to restoration or repair of the <br />Propertq or to the sums secured. by this Mortgage. <br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend <br />or postpone the data date of the tnonthfy instatlments referred to in paragraphs 1 and 2 hereof or change the amount of <br />such attstallments. <br />16; Borrower Plot Releases. Extension of the time for payment or modification of amortization of the sutns 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 />praeedings against such successor ar refuse to extend time fur payment ar 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 />it. Forilearascr by Leader Not a Waiiver. Any forbearance by Lender in exercising any Tighe or remedy hereunder, or <br />aehertvise affoedm-by-applcable taw, shall pat l~ a waiver of ar preclude the exercise of any such right or remedy. <br />Tlie ptactxremenc of insurance or the payment of taxes 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. Re~eiierCa~~laetee. AlLremedies provided in this Mortgage are distinct and cumulative to any other right or <br />remedy tinder this 1Ltortgag¢ or afforded by law or equity, and may he exercised concurrently, independently or successively. <br />I3. Saeeesraes sad Aalsas- Boned; )Dint and Several f.iability; Captions. The ca.pnants and agreements herein <br />contained. shalt bind,. and tha:rights hereunder shalt inure ta. the respective sucressors and assigns of Lcrsder and Harrower, <br />subject to the provisions of paragraph t7 hereof. All covenants and agreements of Borrower shat[ be joint and several. <br />Tfie captions and iteaditigs of the paragraphs of this Mortgage am for convenience only and are not to he used to <br />interpret: or defim the provisions hereof. <br />I4. Notice. Except for arty notice required under applicable law to be given in another manner, (a} any notice to <br />Boaower ptnvided far in this Mortgage shall be given try mailing such native. by certified mail addressed to Borrower at <br />the Piopetty Address or az such ether address as Borrower may designate by notice to Lender as provided herein, and <br />tbl any rtataCe-to Lender shalt be given hq certifxd mail, return receipt requested, to tender's address stated herein or to <br />such other address as Lender may designate by notice to Borrower as provided herein.. Any notice pravvded for in this <br />Mortgage sha7i be deemed to have tmn given eo Borrower or Lander when givenrn the manner designated 'Herein. <br />1S. LYtedotsa Mortpge; Gorerniaq; Law; Sevsrab8ity. 'T'his form of mortgage combines uniform covenants for national <br />u~ anti pan-uniform covenants with limited variations by jursdiction to cadstitute a uniform securrey instrument covering <br />Teat pYOperty_ This-:Mortgage shah Ire. $averncd try the taw of the jurisdiction in which the Property is (created. In the <br />event that any :prevision nr clatise of Shis Mortgage err the Note cattfiirts with applicable taw, such conflict shall not affect <br />otihu provisions: of this Mortgage ar the Noee which can be given effect without tfie conllacting pravasian. and to ibis <br />end ttte provisions of the Mortgage asd rite Nnte are declared tc, 9re severable. <br />i6. ~eerower's Cory. Borrower shall ire furnished a cattfarmed copy of the Note and of this Mortgage at the time <br />of execuaion err. after recordation hereof. <br />17: 1'rarder of the. PYOlerty A.+wm~tian. If alt or any part of the Property or an interest. therein is sold: or transferred <br />by Btrrower without Leader's prior written consent. excluding (a) the creation of a lien ar encumbrance subordinate to <br />this l4iartgage, £b1 the cetaton of a purchase. money security interest for irottschotd appliances; {c) a eransfer by devise, <br />descent ar by apcration of-law upalt-the death of a joint tenant or id) the grant of any teasehoid antcrest of three years or fe~.s <br />trot containing aft optiop to purchase, Lettdu may, at t.ender's option, declare aft the sums secured try this Mortgage to ise <br />itmedately dire-.and pyabh: Lertder shall have waivert= such option io accelerate if, prior to the Salo or transfer, Lender <br />and the perstat to whose tht Property is to be: sold or transferred mach agrecntept in writing that the credit of such person <br />is:.~tisfactor'Y to Lender:attd. tttaz:the.:interest payable on the sums secured. by this Mortgage-:shall. be at such rate as Lender <br />strati rogttest. If Lenikr has: waivexC the aptian.ro accelerate provided an this Paragraph l7, and if Borrower°s successor in <br />intersst has cxecuud a writdeaaasttptptitla agreemetttatxeptediawritingbY Lender< Lender shah. release Harrower from. ail. <br />obligations ttetdar ttti3 h4arSgsl{e sad the Note. <br />If Lender ezercis~: such option to atacelerate, Lender shall mail Harrower .notice of acceleration in accordance with <br />paragraph 7 # hereof. Such notice shaft provide a period of not leas than 30-days. from the date the notice is matted within <br />which live-rower may pay,thesurra declared-.due. If Harrower fails to pay such sums prior to the expiration of such period, <br />Lande7 may. without farther notate ar detnaod on Horrower, invoke any reptedles permitted by paragraph 18 hereof. <br />*Fait:-Ut~tpott~t Covacvtrrrs: Brrmrwer and Lender furEhar covenant and-agree as f+atiows: <br />lti. ,lccehratfrs, Rrse1>int. I~itept fay;provided in paragrapo-l'7 hereon,-ttpos.Bonttwersbeeacit of arty covenant or <br />of tisrresrer iw Hats ~lorgpgs,,.intludiwg the cos¢oarNS to pry; when dae::awy seas aecared by this: Mortgage, <br />l.~drr peter to rcixleratian shai6 mail reuticc to Sorrotrrr as pmrided in paragraph 14'-hetxof specKyhrgc (1T the ht+atch; <br />f2t the acBfae regwirsi to cyne Tech tareseh, (J) r drAe. »ai lase than 30 dogs frrnrgYhrdata the. ootire is re>Nii~t:toliorro'R~es, <br />45' wriiirb ~ brase- aawt be earrdt nm9 tJ) that faiime to care sash breach>oa ar before fhc dale speeitied In the notice <br />+ab rsaair 4s sccrirratirs n.f the rotas savored by this hlargtatte, iorectusarc by jadici~ proaseedfisg sod of the Prnttcrfy <br />its aWia stsail ftatltr. iatetrm Eorrawrr of the right to re+wst~e, a~tz[ aCCeksatiott: a®cL tl~ right M ro~eR in. the fare <br />ps,snrrsiae;irc acs-ezisteaee of a det[rrit yr ac.y other defense taf...:i1nrrCirripr toaecrleratilm atocl.:fortc~loanrse: lfttte hresc6 <br />is vest cwoj r>n err tre(vrs the Bats sl~ecifead is the otttice, Lent6er af-tasdrr"s option-amty dec6vs ~ of floc suave secured try <br />sAY.hterttprge to bo aamtedirle/y drat aces payrhds ..ithorY forthar-ddaad may forxclose:by jtdictsipro~cs~iatt, laeadsr <br />aloali hrsaritisr4 w eetixp to sock lrr«-netiter; aft espeeries n€ fsxsdosare: iratfu, kwrt>mc,.. #isnkc~d- to. an#s of dorameiHary <br />sridarsct, aYatrac:ts sad title tepnrsr. <br />i3, >Rserar.ar"s lt>alQtt ea itairattrts: ^:ccwititstaatdsng 1'.stxtdcs's as~rlsrratiatt of the sums. secured by this 4inrtgage. <br />tsorrcrwcr sdai tta~~ t.~ rah; ao !wxwr,arty ptetr:,t~dittgs. begun by L.sndcr tai sotorcx itris Mtsngagc ciasconti»trosrl at a.»y time <br />