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<br />7~-- ~~~~~QB <br />Lender's written agreemrnt or applicable law. Borrower shall pay the amount of all mortgage insurance premiums in the <br />manner provided under paragraph 2 hereof. <br />Any amounts disbut~sed by Lender pursuant to this paragraph 7, witl; interest thereon. shall became additional <br />indebtedrress of Harrower secured 6y this Mortgage. [Jnt~s Bortawer and Lender agree to other terms of payment, such <br />attusunts shalt be payable. span notice frost Lender to Borrower requesting payment thereof, and shall bear'vnterest from the <br />date of disbursement at the rats payable from time to -time an ontsfartding pr'tncipai under the Note unt~s payment of <br />itzt«rest at g~=h #a~ wsltsld be ;.3strary to a~ti;,abls l w, iii w:tieh evar:t sr-el; a~oa.; s alt-alt ken, interest at lire hige~st refs <br />permiss~le under applicable law. Nofhung contained in this paragraph 7 shad require Lender to incur arty experix or take <br />any aeries heretind~r. <br />~ IstpceHon. Gender may make or cause to be made reasonable entries upon and insp~tions of the Property, provided <br />that I.endei shall give Brirratvar ndtise prio€ to any-sash iies~ction s}~cifying reasonakle cause therefor related to Lender's <br />interest in the-Property. <br />9. . 72se proceeds of arty award or-claim for damages, direct or consequential, in connection with any <br />c©ademnatian or other #.aksng of the Property, or part thereof, err for eonveyance in lieu of condemnation, are hereby assigned <br />and shall be paid Yb Lender. <br />Ia the-event of a fatal taking of the Property,. the groceeds shall be applied to the sums secured by this Mortgage, <br />with the excess, if-env, paid to Borrower. In the event of a partial Making of the Property, unless Borrower and Lender <br />otherwise agree in writing, then; shall be applied to the sums secured by this Mortgage sorb piagortion of the proceats <br />as is equal to the*_ proportion which the amount of the cams secured- by this Mortgage immediately prior to the date of <br />taking bears to the fait market value of the Property immediately prior !o the date of taking, with the balance of the proceeds <br />paid to Borrower: <br />If fate Property fs abaadaned by Borrower, or if, after no#ice by Lender tb Borrower that the condemnor offers to make <br />an award or sefNe a-claim for damages, Borrower fails to respond to Lender within 30 days after the date such notice is <br />mailed, Le~rdr ~ 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 Lender and Borrower otherwise agree in writing, any such application of proceeds ro principal shall not extend <br />or postpone the due date of the manttdy installments referred io in paragraphs I and 2 hereof or change the amount of <br />such irtstallat/ttts. <br />18. Harrower Not Rebelled. Extension of the time for payment err modifscatlon of amortization of the sums secured <br />ley this Mattgage granted by Linder to any successor in interest of Harrower shalt not operate to release, in any manner, <br />-the liability of the original Borrower arui Borrower's successors in interest. Lender shall not be required to cottenence <br />prxeedings agaiIISt such successor err refuse W extend time tar pagtnent or tttherw~ modify amortization of the stns <br />secured by this Mortgage by reason of asy demand made by the original Bornzwer and Borrawei s sucussors in iotetest: <br />il. Forhemmice by Leerier Not a Waker. Any forbearance by tender in exercising any right or remedy hereunder, . . <br />otlsec~tse afforded ley applicable Iaw, shalt riot be a waiver bf or preclude the exercise of any sach right or remedy. <br />The ptwcarement of insurancx or the payment of taxes err other Liens err charges by Lender shall not be a waiver of Lender's <br />righrtb accelerate the maturity of the indebtedness secured by this Mortgage. <br />IZ. 8etre~es G1ana1at9ee. AlI remedies provided in this Mortgage are distinct and cumulative ro any other right err <br />remedy under this Mortgage err afforded by law or equity. and may be exercised concurrently, indeprndently or succesaivety. <br />13. Snccetaera sad Aseigas Horned: Joint andt Severtil Lia6lBty; Captions. The covenants and agreements herein <br />rnntained sisall bind, and the rights hereunder shall inure to, the resp~tive suceessars sad assigns of Lender and Borrower, <br />subjecE to the pravuio~ of paragraph I7 hereof. AIi covenants and agreements a€ Harrower sbaII ire joint and sevct°t <br />The captions xrsd headings of the paragraphs of this Mortgage are for convenience only and are not to be used to <br />interpret err define tht pmv;>,,,,ts hereof. <br />14. Notice, Extxpt for asy Mice r~aucd under applicable law to be given in attoiher manner, {a? any- notice ro <br />Borrower provided far in this Mortgage shall be given by mailing such notice by certified mat? addressed ro Borrower at <br />the Ftvpcrty Address or at such other address as Borrower may designate by rmtece to Lender as provided 'herein,. and <br />(b? say Mice to Lender shall be given by certified ma91, return receipt requested. tc Leaders addi~ stated'-herein ecru <br />such ether address as Leader may designate by unties to Borrower as provided herein.- -Any notice provided far. in tit's- <br />Mortgage shall be deemed to have been given. to Borrower or Leader when given in the manner designated het'e~rt.'- <br />li. Utdfarm 14i[origage, t,ovett~g Law; Severab$lty. This form of mortgage combines uniform covenants for tiational <br />u~ std son-uniform covenants with limited variations by jurisdiction ro constitute a uniform security instrument caveriag <br />real properly. finis Mortgage shall -lee governed by the taw of the jansdictian in which the Property is Dated: Tn the <br />event that any provision or clause of-this Mortgage or the Kota cardlicts with applicable taw, such crnflict shalt not affect <br />other provisions of this Mortgage or the Nate which can 6e given effect without the cbnflictiag provision, -and to this <br />end the provisions of tits Mortgage and the Nme are declared to be severable. <br />iii, Datrower`a Co@y. Harrower shall be tarnished a conformed ropy of the Note and of this Mortgage at the time- <br />of execution or after recordation hereof. <br />17. 'ISaaefer o€ the Ftolydrty; Assam@tto!t. If at! err asy part of the Properly or as interest therein ~ sold or ttanaf~t?tsd ' <br />by Borrower without Lender's prior written consent, e-eluding (a) the creation of a tien err encumbtaisce astbordinate ro <br />this Mortgages fbl the creation of a purchase money security interest far hattsehatd appliances, {cl a transfer Ity devise, <br />descent err try operation of Iaw upon the death of a joint tenant or td} the grant of any leasehold itsfertst of time years err lass <br />not contaioeng an apthtn to parchase, Lender may, at Lender's option, declare aiI the sums secured by this Mortgage to be <br />immediately due amt payable. Lender shall leave waived suck option to accelerate if, prior to the sale or transfer, Leader <br />-and the person to wtttnit-the Property is to be sold or transferred t€~ch agreement in writing that the credit of such pecans <br />s satisfactory to Leteder anti that the interest payable on the sums accurst by this Mortgage shag be at suds rate as Leader <br />ahaB req»snt. If Legder has watvad the option to accelerate provided in this paragraph 17, and if Bortowec S successor is <br />ititt~aest bas executed a written asst~siian agreement accepted in writing by Leader, Lender shall release liorrbwer from all <br />atdigations seeder this Mortgage and t~ Nate. <br />If Leader exxc~es soeh option to ataceltrate„ 1_erxler siiait mall Bot~ower ttatice of acceleration in accordancx with <br />paragraph l4 hereof. Such notice shall provide ap=ried of net Tess than 30 days from tht date the aatftx is malted within <br />which Bttrrawer rosy pay the sums declared due. If Borrower fails to pay sach cams prior ro th_ a expi~afian of such peritid, - <br />L,t rosy, wr'Ehout ftirihcr nMies of demand on Borrower, invoke any remedies permitted by paragraph I8 hereitf. <br />Nast-lJt~atK GovEt,tstars. Borrower sad Lender further covenant and agree ss follows: <br />18. Accdtaa~ass; 8catedias. ere lnraslded fmr ~ i7 &er~f; Hattovax's ixtach ~ stry c~eaaat esc <br />ttgstaraemt a tseataaer ~ Hdis lllatfigaijre, Ivseltt tSsc covsmtats w -pay wAes ties arty ethos aacwt$ by title Iiiortttr8e, <br />T.mdar pr3®r ro txeeieratlea rdoAH mat! netiee is Hos'rawver.as ~ 5n ph 14 ltaeeof t#iag: (1} fife ; <br />(~ eAe actlaa req~raffda erica sge6 lit {3) a dare, sled kn- .ifi trom ttte.dpPe the. aottcx 4 eafied tp Bwnrawetr <br />by xrhle6 sae6 breacfi mast trcemr~ and (dl fkm rebore to care strcls Iu oo err-bate the Sate t fa. the tsotiee <br />vmy jeaott 6R accateettllee of tIx stems secu¢t~ 6y thM clftrrtgtgc, l~edseairr b}r fttdlcytl amd tSde at Hsa :, <br />_~" ~~..°.rwd~ i9tietYO irtrrtneer ni the right to reinstae eQ[er ~ aat- itsd i"lgAt Lg taeelt ht tree f®teeieame <br />proceed{srg tIa tees-rahiteace of a dett~t or airy other deFemr of 1'3orrower to mci~ekt~os trod ]$' tlsit 6tmch <br />Is sot cared on err ddw-c the data epeciHt3 is tMe nottc~, )'.ender at Leadci's upriser stay declsar'a ~ aP the aaaati secatatl tsy <br />thta tdertp~e to 3e lmstr~ieo:ly dm attd payable wIr`ear furtlses demand sad taa~tr [oreefaar by 3 ~• Lesda <br />~ ~ to esBect ~ asst: peurecdlstg alt expessxa of toreclmnre, inslcding, t~-nut % soar of daeame <br />evitlence, aiattracks sad tttIe r <br />14. i±lartoweres fitght to Ytimtaae rl:,twithstand'mg Lender a acaekeetcHt of the sums secured by this Mortgage, <br />Bariowar shall- have rite right to have attY proceedings begun by Let;der- to saforoe this Mortgage discontinued at any time <br />