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<br />Lender's written agreement or applicatle law. Borrower shelf pay the amount of all mortgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />Aoy amounts disbursed by Lender pursuant to this paragraph 7, with intetest thereon, shall become additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of paymetrt, such
<br />amounts shall be payable upon notice from Lgttdcr to Borrower requesting payment therco`, and shall bear interest from the
<br />data of disbursement at the rate payable from time to time an outstanding principal under the Note unless payment of
<br />interest at such rate would be cmrtrary to applicable law, in whrh event such amounts shall hear interest at the highest rate
<br />persmissr`Stie under appiica6la taw. Y~iothing contained. in this paragraph 7 shall require Lender to incur anp ezpensc dr take
<br />any aCtj9lA berenndarr
<br />8. Lender ffiay snake or cause tit be made reasonable entries upon and inspections of the Property, provided
<br />that Lewder shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's-
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<br />interest Yn the Property:
<br />~. ~ The proceeds of any award or claim for damages, direct or cottsequenfral, in connection with any
<br />condemnation orotjrcr taking of the Property, or part thereof, or for conveyance in lieu of c6ndemnation, are hereby assigttcd
<br />and shall be-paid to Leader.
<br />Tn the event of a total taking of the Property; the-proceeds shall be applied to the earns secured by ibis Mortgage,
<br />with the excess, if any, paid to Borrower. is the-event of a partial taking of the Property, unless Borrower and Leader
<br />otherwise agree in writing, there shall be applied to the sums secured by this Mortgage such proportion of the proceeds
<br />as is equal to that proportion which the amount of the sums secured by this Mortgage immediately prior to the date of
<br />' inking bears to the fair market value of the Property immediately prior to the date of taking, with the balance of the greeds
<br />paid. to Borrower.
<br />If the Property is abandoned by Borrower, or if. after notice by Lender to Borrower that the condemnor off+ero to make
<br />an award or settle a claim for damages, Borrower faits to respond to Lender within 3f1 days after the dare such notice is
<br />mailed, Lender. is authorized to collect and apply the proceeds. at Lender's option, either to rtstaration ar repair a€ tht
<br />Property or to the sums secured by this Mortgage.
<br />finless Lender and Borrower otherwise agree in wrifing. any wch application of proceeds to principal shalt not extend
<br />or postpone the due date of the monthly installments referred to in paragraphs 1 and Z hereof or change the amount of
<br />such instaflmtrtts.
<br />I8. Bnttrower Not Released. F.xtensioa of !ht time For payrnetrt or modrlicafian of amortizat~n of the sums secured
<br />by [Iris Mortgage. granted by Lender to nay successor in interest of Borrower shall net operate to release, in arty manner,
<br />kite liability of the original Borrower and Borrower's successors in interest. Lender shall net be required to coriimence
<br />proceedings against such suceessor or refuse to extend time for payment or otherwise modify amortization of the sums-
<br />s~:cured by this Mortgage by reason of any demand made by the original Borrower and Borrower's successors in interest:
<br />ii. Irrrrbe~asce by i,:ader Nat a Wtalver. Arty forbearance by Lender in exercisutg any right or remedy hcreunder,_or
<br />otherwise afforded tsy applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy.
<br />'The procurement of irtstrrance or the payment of taxes or other liens or charges by Lender sha.9 not be a waiver of Letulpz's
<br />right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />12. Remus Comola#ive. Ail remedies provided in this Mortgage are distinct and cumulative io any other right or
<br />remedyunder this Mortgage or afforded by haw or equity. and may be exercised concurrently. independently or successhrelp:
<br />I3. $mecessots stul F-road; Joint and Several Lia~ty; Calstkms. 'Ilte covena~ acrd agreem~ts bertan
<br />contairtcd-shelf bind, a~ the rights hertuader shaft inure to. the respective successors and- assigns of Leader and. $orrower.
<br />attbject to the pravision.*, of paragraph 17 hereof. All covenants and agreements of Borrower shall- 6e joint and se - I~
<br />'the captions- and head+'n^° of the paragraphs of this Mortgage are for convenience only and -ate not. ttt be u~i to
<br />interpret or define the provisions- heicof.
<br />I4. Nom F~*,.,~., for attp n~:~..r~..,uirml urtxr a~^~..t; at:Y law to 1;.° b..en i : ana#.~~r mantt.-r; (a) any ncti",.,=. F,a -
<br />Borroiaer provided for in this Mortgage shall be givers by ma`lie~ such notice by certified mm"1 addressed to Bortccier at
<br />-the Property Address or at such other address ~ Borrower rosy designate by notice to Lender as provfded hertan, -amt.
<br />tb) any notice to Leader shat! be given by certified mail; retrrm receipt requesieri, to Lender's address stated herein or
<br />other addre~ as Lender tttaY designate by-notice to Borrower as provided herein. Arty notice provided for ire flag
<br />Mortgage shall be deemed to have been given to Borrower or Lender when given in the noanner designated frerr3n.
<br />15. U~aem 1Nae~age; Gare+~sg Iris; Severab@ity. 'This form of mortgage combirta uaifoem covenants for aatiennal
<br />.use and non-unifotm covenants with limited variations by jurisdiction. to constitute a uniform security insktrroertt rnvetittg
<br />_ real paoaerty. This Mortgage shall be goveruecl by the law of the iurisdiction in which the Property is located: in the
<br />event tha# any provision or clause of this Mortgage or the Note conflicts with applicable law, such conflict shall ~ affect
<br />other provisiwts of this Mortgage or the Note which can be given effect without the cettfticting provi~on,-amI tv flue
<br />end the provisions of the Mortgage and the Note are dec}ared to be severable.
<br />2d. ]3atrvtrte's Coley. Borrower shalt be Furnished a conformed copy of the Note and of this Mortgage of the cane
<br />_ of execution ar after recordation hereof.
<br />IT. ":r¢s ~ ~ >~+ ~. If all or any part of the Pxtperty or an intcrestt ihercin is sold or transrfetrecl
<br />by t~rrower without Lender's prior written consent, czcludirrg (al the ereatiatt of a lien or eactrtnbeat;s'e sttbordittau fo
<br />this Martga$e, (b) the creation of a purchase money security intcresi for household appliances, (c} a transfer by wise,
<br />descent or by operation of law upon the death of a joint tenant or fd) the gram of any Ieaschold interest of throe years or less
<br />not eootainiag an option to purchase, Lauber may, at Lender's option, declare all the sums secured by this Mattgaga to be
<br />immediately due and payable. Lender shaIl have waived such option to accelerate if, prior to the sale or transfer, Lendm
<br />and the person trt whom the Property is ttt be sttd or transferred reach agrcenurent sn writing that the eredi# of stxlr person
<br />is satisfactory to Lender and that the interest payable on the sums secured by this Mortgage shag be at strrh rata as Lender
<br />shalt t+egtrest. If Lender has waived fire option-ta-accelerate provided in-this paragraph 17, and ff Borrower's sot et
<br />iatesesd bas exncttted a written assumption agrceutent accepted in writing >1p Leader, Lender shag rcksae Barrows from all
<br />obligations ursber this Mortgage and the Note.
<br />If F,en~r exercises st~h option to accelerate, Lender shall mail Borrower nmice of accxleration in accor~nce with
<br />paragraph 14 hereof. Sr~3t notice shall provide a period of not seas than 3t1-days from the date flee notice is roar'lae7 within
<br />whielt Borrrwer map pay flu-sums dared due. If Borrower €sik to pay anch soma erica to the gxpiratirnt of so-ich paled,
<br />L~sder map„witbori€ Rrrrtue notice or demand vn Borrower, invoke any remedies permitted by paragraph- IS hertoF.-
<br />2+Ima-Uxtt?mtrt C~srmx'ts. Borrower and Lxrtder fveiltar covenant aad agree as foitatvs:
<br />I& as prre+~idad im piaragta~ tT Yeraof, egos 1~ea!w-~s ~SCiksf stay t er
<br />asr~_- ~ ~ g ~ ~rP Mkt ~~~~ a•x ee€~"~ ~ ~; w~ Aea e=y saw Fty ~ tu.e; -
<br />L~er tar beitSaa ~$ asC netiee to Berreti-ee ss pcevdded- ~-pieag~h 24 he[eat >e ft} -~pq
<br />(3) fix ac~c =°'4~ed to ^_*~ ~ F _r~ti; di3 a ate, eat !ems tl=srr LJ d~ flaw fix date ttx entire` fs maBed to 1larnsrer,
<br />t7 tahfict, assch >>sexb eaest ik eyed; acd t4) that ta#am to erne saes3 6aea~b ai or bdere the drte a~cci8ed ht ~e ttoslcc
<br />*m4' (r, 5sra of toe emus seemeA by this MaAge(ee, fe~rectostsve by jrr~elel prod aed aaM of t1te:14dtpa~Q±.
<br />`I'ts aortae mhaii tattler iatmta Igaamwcr of thz right. to n:i>aWate atte>< amlaadoa and tlx tlabt in trtaett >te the _Ioreclost~
<br />p~~ ~ aoeexlsteoce ci a detsteh er ray ether awe of 8orroxnr to acctrkttldfea auk laKdaaarc. # ~ brmxi
<br />is tArd cared na of before for 3s~e specified iti the notice, Letrder ~ Leader's option nay ~ o[ the aalka lry
<br />ti73a M ~ 6e haree3fately ace sad ptreabile without further ~dmatt$ trod teary faeaelose h9' jpdkbi3-iB• teetke
<br />aba9 ba eatteied to eeTlect is sash pnvae;aetjfag at6 expe~nt of tnredtuarr, , 6m tar coals ~
<br />erldrAev, sbeh~scta ra+tl N:de reoiets. __ - - - -
<br />f$ )terratraii'e t kelasiate. Notxrithst
<br />) andutg: Ids aratietr of the aunts seeuteit by this AtoRgage,
<br />~Ottz+wer shat! have:tbe right to t~ve 8tty paoc~edings began by Lewder to enforce-this Mortgage discontinued at any time
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