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<br />Leiidei s written agrcernent or applicable taw. Borrower shalt pay she amount of a!1 martgagc insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />.any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon. shall become additional
<br />indebtt~ness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment, such
<br />am©nnts shall be payable upon notice from Lender to Borrower requesting payment thereof, and shalt bear interest from the
<br />date of dxsbtttsemetzt at the rate payable front tittle to time on atttstanding principal under the Nate unless payment of
<br />intemat of such rate wauW be contrary to applicable law, in which event such amounts shall bear interest at the highest rate
<br />pemtassibk ender applicable taw. Nothing contained in this. paragraph 7 shal9 require Lender to incur any expense or take
<br />any aztian hereunder.
<br />13. Itttrareetion: Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that lender shalt give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Gender's
<br />interest in the Property.
<br />'.SP. Coodemmtian. The procceds of any award or claim for damages, direct or consequential, in connection with any
<br />cond,tnnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned
<br />and shall tie paid to Lender.
<br />In the event of a total taking of the Property. the proceeds shalt be applied to the sums secured by this Mortgage,
<br />with the excess, if any. paid ro Borrower. in the event of a partial taking of the Property, tmtess Borrower and Lender
<br />otherwise agree in writing, there shall be applied to the sums secued by this Mortgage such proportion of the proceeds
<br />as is equal io that proportion which thz 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 Eo Borrower.
<br />If the Property is abandoned by Borrower. or if, after notice by Lender to Borrower chat the condemnor offers to make
<br />an award or settle a claim for damages, Borrower faits eo respond to Lender within 30 days after the date such notice is
<br />mailed. Lender is authorized to collect and apply the proceeds. at I_eoder's option, either to restoration or repair of the
<br />Property or to the sums secured by this Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shalt not extend
<br />or postpone the due date of the monthly installments refermd to in paragraphs 1 and 2 hereof or change the amount of
<br />such installments.
<br />10. Burrower Not Aekased. Fdxtension of the time for payment or modification of amortization of the Burns secured
<br />by this Mortgage granted by Lender io any successor in interest of Borrower shall net 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 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 Borrowers successors in interest.
<br />I1. Porbearaoce try lender ?Not a eiaiver. Any forbearance by Lcndzr in ex_rcisirg any*ight or remedy hereunder, or
<br />otherwise afforded by applicable taw, 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 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. Remedies Cuurniatire. Alt 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 Amens Bound; loiot and Several I,iab7ity; iaptions. 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 37 hereaf. A!I covenants and agreements of Borrower shaft 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. Notices Except for any notice required ender applicable law to be given in another manner, (a} any notice to
<br />Borrower provided for in this Mortgage shalt be given by mailing such notice by certified mail addressed to Borrower at
<br />the Property Address or at such other address as Borrower may designate by native to Lender as provided herein, and
<br />tb) any notice to Lender shall be given by certified mail, return receipt requested, to Lender's address stated herein or to
<br />such outer address as Lender map designate by notice to Borrower as provided herein. Any notice provided for in this
<br />Mortgage shall be dcemed to have been given to Borrower ar Lender when given in the manner designated. herein.
<br />15. Uniform Mortgage, Goveroir~ Law; SeveraMtity. 'this Form of mortgage combines uniform covenants 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 shalt be governed by the taw of the jurisdiction in which the Property is located. In 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 Note are declared to be severable.
<br />16. 1orrower's Copy. Borrower shall be furnished a conformed copy of the Note and of this Mortgage at the time
<br />of execution or after recordation hereof.
<br />17. Transfer of the Property; Assumption. If alt or any part of the Property or an interest therein is sold or trap.^ferred
<br />by Borrower without Lenders prior written consent, excluding {a) the creation of a lien or encumbrance subordinate to
<br />this Mortgage, (bD the creation of a purchase money security interest for household appliances, (c) a transfer by devise,
<br />descerti or by operation of law upon the death o€ a joins tenant or {d) the grant ttf any leasehatd interest of three years or Less
<br />norcontaiining air option to purchase, Linder 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 the Property is to rte sold or transferred reach agreement in writing that the credit of such person
<br />is sainsfaetory to Lender and that the interest payable on the sums secured by this Mortgage shalt be at such rate as Lender
<br />she!} regtmst. if i-ender has waived .the option to accelerate provided in this paragraph l7, and if Borrower's successor in
<br />interest. has executed. a written assumption agreeenent accepted in writing by Lender, Lender shall release Borrower from all
<br />obligations under tips Mortgage anti the Note.
<br />Lf Lender exercises such option to accelerate, Lender shelf mail Borrower notice of acceleration in accordance with
<br />paragraph 14 hereof. Such notice shalt provide a period of not less than 30 days from the date Cite notice is mailed within
<br />which Borrawzr may pay the surtts dulared doz. If Burrower fails ro pay such sums prior to the expiration of such period,
<br />Lender may, without further notice or demand on Borrower, invoke any remedies permitted by paragraph 18 hereof.
<br />Ntsst~[.U1vtt=orttet CovEtveK'rs. Borrower and Lender farther covenant and agree 2s follows:
<br />1& AccdentHoa; 1Reaaedies. Fscgrt ~ provided is paragraph. I7 hereaf, upon. Burrowers breacia of any r:OViv:Ft o:
<br />adr+~meaf;o7f Eorrotrcr io tilts lltor[gt~e, inctndirtg the covenants to pay where dire any Burris secured by this Mortgage,
<br />f:eadcr prior to act:eieratien.shaU matt uutire to Barrotres as provided ir, paragraphl4 hereaf specifying: (1) the breach,
<br />(2} ttse action regawirai to.ettre snob hreacb; t3) a date. trot less than 30 days from the date the notice is mailed to Borrower,
<br />by t~llich strrA Fseeach nttlet tk cw?ed; and E4) that failure to cure sack breach an ar bsfure tlae date specified in tare rwtice
<br />mliy reselt is rcceitratiun of the sums secured, by this ~tartgage, forecbsure by judicial proceeding and sale of the Property.
<br />'Y°he riatkc s1taJ tuKhcT Itfarm 8otrrower of the riRStt eo reitrsfare alter accelersRion and the right fa assert in the foreclosure
<br />pratudiae ttre nao-existtnCe. of a default or auy ether defense of Bsrtrawer to acceleration and foreclosure, [f the breach
<br />Is rot cured o0 or bolero tfie date: specified in the notice, Lender at lender's option .may declare ail of ilee stuns secured by
<br />lists MiKtyge ra be ftwnetlite#y dueaudgayabie ivitbunt further demand and may fareciase by judaciai pruseedinR, t.+ender
<br />r4tai: be entitled to coihe2 n ~=s,:dt..praceadLig all crpettsts al fvrecia+ure, inrtwtirryl, trot not. liin;tsa ta, cans of docuntcutary
<br />e ideucr. abxSracta and title rpy~tts.
<br />l9- Iloty<rweis itigi~t Ua IlaFrulate. hiotwithstanding tinder's a,-relcracion of the sums secnrcd by thus '«#ortgagz,
<br />ll.+rrawct mmb~ii 3tatie tt~ right to Piave any proc.'z¢dings txgun my tinder to enfor;e this hfartgagc discontinh<^d ut any tints
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