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<br />_ Lender's written agreement or. applicable law. Borrower shall pay the amount of all moRgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />-- - Any amounts disbursed by Lender pursuant to this paragraph 7, with interest fhereon, 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 Lendefto 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 oontraryto applicable taw, in which event such amounts shall bear interest at the highesfrate
<br />permissible under applicabledaw. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />any action hereunder.
<br />8. Inspection. Lendermay make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />- that Lender shall give Borrower noticepriorto any such inspectionspeciFying 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 />condemnationor other taking of the. Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned
<br />and shalCbe paid to Lender.
<br />In the event of a total taking of theProperty, the proceeds shall be applied to the sums secured byihis Mortgage,
<br />with the excess, iE atty.. paid. to Borrower. in the event of a partial taking of the Property,. unless Borrower and Lender
<br />- otherwiseagreeinwriting, thereshallbe appliedto the sums securedbythis Mortgage such proportionoftheproceeds
<br />as is equal to that proportion which the amount of the sums secured by this Mortgage immediately prior [o the date of
<br />taking bears iothefair market value of the Property immediately prior to the date of taking, with thebafancs of the prceeeds
<br />paid to Borrower.
<br />If the Property is abandoned byBorrower. or if. after notice by Lender to Harrower 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'tocollect and apply the proceeds, at Lender's option, either to restoration or repairofthe.
<br />Property or to the sums secured by this Mortgage:
<br />:Unless Lender andHorrawer otherwise agree in writing, any such: application of proceeds toprincipai shall not extend
<br />orpostpone theduedateof tfie monthlyittstallments referred to in paragraphs I 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 soma secured.
<br />bythis Mortgage granted by,Lender tawny successor ininteresiof $orrowershatl not operate to release, id any manner,
<br />the liability of the original: Harrower and Borrower's successors in interest. Lender sfiallnot be requised to commence
<br />proceedingsagains[ suchsuccessor or. refvsete extendtimefer payment or otherwise modify amortization a6the sums
<br />secured by this Mortgage by reason of any demand made. by the original. Borrower and Borrower's successors in interest.
<br />- 11. Forbnraoee by Fender NotaWaiver. Any forbearance by Lender in exercising anyrightar remedy hereunder: or
<br />otherwise afforded by applicable law; shall noz he a waiver of or preclude.. the exercise of any such right. or remedy.
<br />'The procurement of insurancebr. the payment of taxes br other liens or charges 6y Lender shall not be a waiver of Lender's
<br />.right to accelerate the maturity-of .he indebtedness secured by this Mortgage:
<br />92. RemediesCumnlative. Allremedies providedinthis Mortgageare distinctand cumulative to any otherrightor
<br />remedy under this Mgrtgage or afforded by law,orequity, and may be exercised concurrently, independently~or successively:
<br />: 13..'$recessors..andAssigns Bound; Joint aadSeverall.iability;Captions. Ttie covenantsand agreementsherein
<br />contained shall bind, and the rights hemunder hail inure to, the respective; successors and. assigns of Lender and Borrower,
<br />subjecEto the provisions of: paragraph-]Thereof. All covenants andagreements ofBorrower shall be joint andseyeral. -
<br />The captions and headings of. the paragraphs of this Mortgage:' are for convenience only and are not to Fie used to
<br />ipterpret or define the provisions hereof
<br />14. - Native. Except foYany notice required under applicable law to be given ih another manner., (a) any notice to
<br />Borrower provided for in this Mortgage. shall be gluon by<maiiing'such notice by certified mail addressed to Borrower at
<br />'the .Property Address" or aE. such other: address as' Borrower may aeaignate by rotice to' Lender 'as provided. herein; and.
<br />-(ti) any notice to Lender shall be given;by certified mail,aeturn receipt requested: to Ii:ender's address stated .herein onto,
<br />such other address as Lenderinay designate by-notice to `Borrower as provided herein. Any notice provided for in this
<br />-Mortgageshall bedeerned tci,have been givento Borroweror bender w}ien given in themanner designated :herein:
<br />15: Uniform MoRgttgr, Governing Law; Severobtiity. Thislorm of mortgage combines uniform covenants for national
<br />use and'non-uniform :covenants with limited variations by'jurisdiction toconstitute a uniformsecurityinsirumentcovering
<br />realproperty. This:.Mortgageshall begovernedhythe lawofYhejurisdictionin which thePropertyis located. In the-
<br />-event that"any. provision or clauseofthis Mortgage,ortheNoteconfticiswith:applicable law, such,conftict shall notaffecb
<br />:otherprovisions oP [his:Mottgage or theNote whichca^ be. grveo effect withoutlhe conflictingprovision, and to-this'
<br />- end the provisions. of the: Mortgage and the Note ace_dedared to be severable:
<br />16. Borrower' Copy. Borrower shall be furnished a cgnfarmed copy of the'No[e and of this bTortgage at the ime
<br />". of execution or after recordationhereof:
<br />17. _ Triutsfer of the Property; Assumption. if alt 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)ahecreation of a purchase money securityinferest forhousehold appliances, (c)a .transfer by devise,
<br />descentor by operation oflaw upor. the death of a joint tenant or (d) the grant of any leasefipld interest of three years oYless'
<br />notcontaining anoption [opurchase, Lender may,ai Lender's-.option. declare alt. thesums'securedby;this Mortgagetohe.
<br />immediately due and-payable. Tender shall havewaived such option xo accelerateif; pttior to: the sate or transfer, Lender
<br />and theperson to whom the Property isao-,be sold or'transterretl reach: agreement in writing that the coedit of'suchperson.
<br />"is satisfactory to Lender acid that the in[eres[payabie nn ihesums securedby this Martgageshall beat such rate as I;ender
<br />shall request. if Lender has waived the,ppiion Yo accelerate provided in this paragraph 17; and if Borrower's successor in
<br />_intereskhas executeda written assumption agreement 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 a6celerate, Lender shall mail Borrower notice of acceleration in accordance with
<br />paragraph 14 hereof: Such notice shall providea periodofnot less than 3Qdays framzhe date the noticeis mailed within
<br />which Borrower may pay thesams declared due. IfBorrower fails to pay such sums prior. to the expiration of such period,
<br />Lender may, without furthernotice or demand on Borrower;. invoke any remedies permitted by paragraphl3 hereof..
<br />Nox-tJt+l>=ottar Cova;varrrs, Borrower and Lender furthercovcnant and agree as follows:
<br />- 18.:Acceleration; Remedies. Except,as prorided inparagcaph 17 hereof;. upon Borrower'sbreach'of:any. covenauttir
<br />`agrtxmentof Borrower iothis-hlortgage,.fucludingthe covenants to pay when due ant sums securedbythis slortgage,.
<br />Leader prior to acceeration shall mail notice to Borrower as provided in paragraph l3 hereof specifying: (1) the breach;
<br />(Z) the rrtiuo rrytiired to cure such breach: (3) a date,. not less. than. 30 days from the date thenatice is mailed totBorreweq
<br />by which such breach must be cured; and (d'1 that Lailare to cure such breach on ur befarethe date specified in the notice
<br />may resull in accekration of the sums secured by this Mortgage, forrelosore by }udieial proceeding and safe of the Property.
<br />1Le notice shall farther Inform Burrower of the right to reinstate. after acceleration and fho right. to asser4 in the Coredosure
<br />proceedltgg ffm [urn-existerzre of a default nr any other defense of Borrower to acceleration and forcelasurr: IC the breailt
<br />is nut cured nn or before the date sperifierl in the notice, Lender at Landers option. cony'. dedtuc alt u# the suntc secured by
<br />this A1urt>tQPe to br immediately due and pay able .without furtherdemandaadnrsy Corectose ti}' judicialproeredint{. L.endcr
<br />shall be entitkd to collect in such proceeding all expenses of Core,dosure,.inclui,~~;. Mtt not iintiired tu. costs of ducumcniary
<br />evidtn<c. ai»tr.~c[aand title report-s. ...
<br />19. 7orrowers $iRhr to Rcinstatr. Notwithstaruimg LCndu s a^.calcration of Yhc sums scturrd hg the 4i tir[gz?bc,
<br />Borrowet Shalt haveihe r3ght'tg havZ any prooeediags txgun by Lender to. enforce ah;a 43 czrtgagr clisr ontinucd pit any time
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