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<br />L.ender's written agt'eement or applicable law. Barrvw•er shag pay the amaunt of a!i mortgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />prop amrounts disbursed by Ixnder pursuant to this paragraph 7, with interest thereon, shalt become additional
<br />indebtedness of Borrawer secured by this Mortgage. Unless Borrower and lender agree to other terms of payment, such
<br />amvttn[s shall be payable upon notice from Lender tv Borrower requesting payment thereof, and shall bear interest from the
<br />date cif disbursement at the rate payable from time to time vn ot[tstanding principal under the Note twiess payment of
<br />interest at such rase would be contrary to applicabtc taw. in which event such amaunts shall hear interest aY the highest rate
<br />permissible under applicable law. Nothing contained in this paragraph 'r shall require Linder to incur any expense or take
<br />any action hereunder.
<br />fl. lrtsptttion. Lender may make or cause to he made reasonahlc entries upon and inspections of the Property, pravided
<br />that Linder shall give Borrower notice prior to any such inspection specifying rcasvnable cause therefor related tv Lender's
<br />interest in the Property.
<br />• 9. Condemnation. The proceeds of any award or claim for damages, direct or consequcntiai, in cannectivn with any
<br />condemnation or other taking of the Property, or part thereof. or fur conveyance in lieu of condemnation, are hereby assigned
<br />and shall.I+e paid tv Lender.
<br />Iin [he event of a total taking of the Property, the proceeds shall be applied tv the solos secured by this Mortgage.
<br />with the excess, if any, paid iv Borrower. In the event of a partial taking of the Property, unless Borrower and Lender
<br />otherwise agree in writing, there shall he applied tv the sums sect,red by [his Mortgage such proportvon of the proceeds
<br />as is equal to that proportion which the amaunt of the sums secured by this Mortgage immediately prior is the date of
<br />taking bears tv the fair market value of the Property immediately prior tv the date of taking, with the balance of [he proceeds
<br />paid to Borrower.
<br />$f the Property is abandoned by Borrower. or if. after notice by Lender to Borrower that the condemnor offers m make
<br />an award or settle a claim for damages. Burrower fai}s to respond tv Lender c:'~hin '+0 da7s after the date such notice is
<br />mailed, Lender is authorized to collect and apply the proceeds, at Lender's option. either to restoration nr repair of the
<br />Property or to the sums secured by this Mortgage.
<br />'Unless Lender and Borrower otherwise agree to writing. any such application of proceeds iv principal shalt not extend
<br />or postpone the due date of the monthly installmens referred tv in paragraphs 1 and 2 hereof or change the amount of
<br />such installments.
<br />l0. Borrower Not Released. Extension of the time for payment or mndiftcation of amortization of the sums secured
<br />by this Mortgage granted by Lender tv any successor in interest of Barrow•er shall oat operate to release, in any manner.
<br />• the habiliry of the original Burrower and Borrower's successors in interest. Lender shell not he required to commence
<br />proceedings against such. successor yr 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 Noi a Waiver. :1m' forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable law, shall nut be a :valuer a ar F:reciudc the exercise of any such rigAi or remedy.
<br />The procurement of insurance or the payment of Faxes or other liens or charges by Lender shall not he a waiver of Lender's
<br />right m accelerate the maturity of the indehtednets secured by this Mortgage.
<br />12. Remedies Cumulative. AA remedies provided in this Mvrtcage are distinct and cumulative to any other right or
<br />remedy under this Mortgage or atTerded by law or equity. and may he exercised concurrently, independently or successively.
<br />13. Successors and Assigns Bound: Joint and See~eral Liabilih; Captions. The covenants and agreements herein
<br />captained shall bind, and the rights hereunder shall more m, the respective successors and assigns of Lender and Borrower.
<br />_ subject to the provisions of paragraph 17 hereof. ,All covenants and agreements ofi Bon-vwer shall be join[ and several.
<br />The captions and headings of the paragraphs of this Mortgage are for convenience only anti are not tv be aced to
<br />interpret or define the provisions hereof.
<br />14. Notice. Except ter any notice required under applicable law to be given in another manner (a) any notice tv
<br />Borrower provided for in this Mortgage shall tx; given by mating such notice by certified mail addressed to Borrower at
<br />the Property' Address or at such other address as Borrower may designate by notice to Lender as provided herein, and
<br />(bl any native to Lender shall he 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 in Burrower as provided herein. Airy notice. provided for in this
<br />Mortgage shall fx; deemed to have been given to Burrower ar Lender when given in the msntter designated heroin.
<br />t3_ Uniform Mortgage; Governing taw; Severability. Tbi, four of Mortgage combines uniform covenants (or national
<br />use and non-uniform covenants wiL'i limited variations by inrisdiaivn to constitute a uniform srsurity instrument covering
<br />real property. This Mortgage shalt be governed by the. ~ ns at the jurisdiction in which the Pope rty is located. Tn the
<br />event that any provision or clause of this Mort +ge ar he 'vote conflict. with applicabtc taw, such conflict shalt nut affect
<br />other provisions of this Mortgage ar the Nrtt whicl•~ can be given effect without the confttcsing provision, a,rd to this
<br />end the provisions of the Mortgage and the vote are tlectarcd to he severable.
<br />16. Borrower's Copy. Borrower shall be furnished a cs?nfomred copy of tote Nvte and of this Mortgage at the time
<br />of ea:ecution yr sftcr recosdaiion hereof.
<br />t7. Transfer of the Properly; Assumption. Tf ail or any part c?f the Property or an interest therein is sold or transferred
<br />by Borrower without Lender's prior wnacn cons•m, excluding tai the creatian of a lien or encumbrance subordinate to
<br />this Mortgage, ib) the creation of a purchase money security ;ntcrest`or household appliances, ic> a transfer by devise,
<br />descent ar by c:peralion of law etge?n the death of a joint tenant or tdt the grant of any leasehold interesx of three years of less
<br />not containing an option to purchase, Lender nnv, at Lender's option. declare all fie sums secured by this Mortgage to be
<br />immediately due and paysble- tender shat} na .vaiyt,d such apuon an accelerate if, prier to the .ate or transfer. Lender
<br />and the person tv whom the Property is to be old yr tr'tnsferrcd roach :agre- mcnt in writing that the credit of such person
<br />fs satiSfactoiv tv Lender and that the interest payable on the sums secured by this Mortgage shalt be ai such rate as Lender
<br />shall request. If Lender has waived the option to accelerate provided in this paragraph 17, and it Borrower's successor is
<br />interest has executed a written assumption agreement accepted in writing by Lender. Lender shall release Borrower from ail
<br />obligations under this Mortgage and the Note.
<br />If Lender exercises such option [v accelerate. Lerdar shall matt Borrower notice of acceleration in acevrdante with
<br />patagraph 1~ hereaf. Such native shalt provide a period of not 3esa than 30 days from the dale the native is matted within
<br />whiohBarcower may pay the sums declared due. !( IIvrtrnner fail...- tv pa}' such sums prior to the expiruton of such period.
<br />Lender may, without further notice nr demand en Borrow cr. invoke any rea?edits permitted by paragraph IA hereof.
<br />• No4-t.'INtPUR*d Cov>re,rsnax. Borrower and Lender further:.+vCn;n?t and nice as fvilnws.
<br />_ _ .~_s u......,..r. +~ t,......,r ,..,..., tu,,,.,~,..~ breach nF any c+rsemaut or
<br />12i. Aceeteraawa; Rerttcdits. n -cNZ as ptvvi..cu .r. pa...5. -r.. _. .._,___. _r_.. _____
<br />agreement of Borrower iii this ~furigage, including the covcnaotc ao pay ..bin due any soots stcarcd by this Mortgage,
<br />i,eader. prior to acceleration stsatl mail pallet za Harrower as provided in paragr•ph 14 hereof specifying: f l l 4he breach;
<br />i2) theactitrn. required to clue such breach; {3t a lane, not ietis than SU day:: from the date the natue is mailed to Borrower.
<br />fiy w61ch. suchIxeavitmusl be cured; and i3') thad failure io cure such breach o0 or before the date cpesiiied in the notice
<br />luny t'tsultinacttkratiau of the sums secuttd by this wlorlgagc, fruet:lasure hw judicial prvxtcdeng and sale of the Property.
<br />7 fie. ucttkt shall furihtr ix+torm Borrower of the right is zeinstatt after acceleratian a+ed the right to Sssert in the fomclosure
<br />prutteedittg i$c aoa-existence of a drfautt ar any otter deform of Borrower to acrelnratiou and fnrectnsure. If the hreactt
<br />' is oat s-net[pdn err 3refore iht date specified in the uoNee, i,eruler at Lender's opuan cony dutare ail of the stm;fs orated 6y
<br />zhf:, •itngayje. to bt izntntdiaitiy dot and payabit withaut further demand and may fortclax fiy ;udlcia) prorr+:ding. Lauder
<br />ct+aut be cut`Kied to millet in stub procetdint;.ali rxpetnxs aff forecbts+ere, inciuding. ttua clot lnntited ztr. cus^!s of dortatutntary
<br />eG:ut~f..cC, abrrtraris and tidit repans.
<br />t9. 1{®rro'a~et"s R9tiNt to Rkietztnte. iv, rwah~.tan~ ng L+~nd ~ :+:.~-Se n,e,xa c:. +}xc Santos ~ured hy~ t Is 'x{iu~.gagc_
<br />'~vr:xswcr email bav'r: rite -1gf:t w3 huv,' a+xy ; Tdr.~...~-. . ur F*_,' ..xdcr to ,.:_forcc ih ~iottg::xgr ascorsinrucu ut ar.c tame
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