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<br />Lender's written agreement or applicable Taw. Borrower shall pay the amount of all mortgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />.Any amounts disbursed by Lender puisnant to this paragraph 7, with interest thereon, shall bertmte additional
<br />indebtedness of Bariawe•rsecured by-this Mortgage. tIniess Harrower and Lender agree to ether terms of aavmem: s
<br />`` ~^ pa~~lt: upon nonce from tender to Borrower requesting payment thereof. and shall bear interest-from the
<br />_ da*e Of ¢Yt3btitSOF[tCt1t at tIIQ- ratC gaVa-bk frOlrt tt41T_4' rc~ tip 4 ~~~taat3^~`$ ~^-~nC1p~! _i:rs~r t`d`e- P38ffi nnk5,4- ifaYmpnt OF
<br />interest at at>oh rate would be carttraty to applicalsle_law, in which a-dent such amounts snail bran interest at the highest rate
<br />permissi'It1e under applicabh law. Nothing coateitied in this paragraph 7 shall inquire Lender to inour any-expense ar take -
<br />arty action hcs~uttder.
<br />~• Lender:anay ~ ~sr eau to be made ria~nable entries upon and inspections of the Property, provided
<br />that Lender shall give Harrower notice prior to any such inspection specifying teasonabie cause therefor related t4 Lender's
<br />interest ist the Fxoperty.
<br />9. Cot•de>emvti'sa. 'the proceeds of any award or claim for damages, direct of CDASegnentT$1, in connecdan with- any
<br />t~(S candemnstian ar ether taking of the-Property, or part thereof, ar far conveyance in lieuof condemnation, are hereby assigned.:
<br />,;,1 and shall be pain to Leader. .
<br />~- Ice the event of a totaii tat; rag of the Property, the proceeds shall be applied to the sums secured by this-Mortgage,
<br />with the ez~sa, if anx, paid to Borrower. Fn the event of a par2ia[ taking of the Property, anless Borrower -and i.ender
<br />~ othervvise agree in writing, there sfiaU be applied to the sums secured by this Martga~ sc~h grope .ion of fhc g-•v%ic-ds
<br />1! as is equal to that proportion which the amount of rite sums secured by this Mortgage immediately prior to the tlafe o€
<br />taking-bears is the fair market valtTC o€ the Property immediately prior to the date of taking, with the balance of the proceeds
<br />Paid xn Borrower,
<br />1€ the Property is abandoned by Borrower, ar if, after notice by Lender to Harrower that the condemnor offers to [Hake
<br />an award or settle a claim for damages, Borrower fails to respond to Leader within 30 daps after the date such notice is
<br />irtaated, Lender is authorized to collect and apply the proceeds, at Lender's oa6on, either to restoration or repair of the
<br />Property ar 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 a€ the monthly installments referred to in paragraphs l and Z hetpttf ar change the amount of
<br />-SL`Ch installmeWts. -
<br />30. Dttrra,aer riot lteksetd. Extension of the time for payment or modfficaiion of amortization of the sums secured
<br />by this Mortgage granted by Lentkr to any successor in interest of Borrower shall not operate to release, in any manner,
<br />the Uabifiity of the original Borrower and Borrower's successors in interest Lender shelf-not be required to commence
<br />proceedings against such successor or refuse to extend time for payment or otherwise modify amortisation o€ the sums.
<br />secured by this Maitgage by reason of any demastd made by the original Borrower and Borrower's.-successors in interest.
<br />ti. Farhesraeace by I.entkr Not a Waiver. Any forlxarance by Lender in exercising any right or remedy hereunder, a:
<br />otherwise afforded by agpiieable law, shall not be a waiver of or preclude the exercise of any such right or
<br />The procurement of insurance or the payment of taxes or other liens or charges by Lender shalt Hat be a waiver of Lead ss
<br />right to accelerate the maturity of the indebtedness secured by this itiottgage.
<br />iZ Reate~es Cmateielive. AU remedies provided in this Mortgage are distinct and cumulative to any other right or
<br />remedy under this Mortgaa,. ,,; afforded by law or equi#y, and may be exercised cwtcurrentty, independently or successively.
<br />I~, fi~eesaaxa eWd ~ Et+tnml: inlet ~ Several Lirsl~ity; Cam Tits rnvenants amt agrarsterres hc,,aia
<br />cautained shall bind, and the rights hereuntkr shall inure ta, the rcSpeMive successors and assigWS of Lender and Borrows,
<br />sulijeet to the pr„vi~ ~ of ~,-ag~..,r-~.. l', ;t~:vaf. Aii c~ovonar_is and egrets of Borrower shall hie joint sad several..
<br />The captions and headings of the paragraphs of this Itlortgage are for convenience only and -are eat to be used m
<br />in~•gret or define the provisions hereof.
<br />14 Nolte, Bxcept for nay notice required under apglicaitk law to fx given in another [Wanner, (a} any T101iCe to
<br />Harrower provided far in this Mortgage shall be given by mailing suds notice by certified mail addressed to Borrower at
<br />fire Property Address or at such other address as Botmsver tray designate by notice to Lender ss praviskd herein, and-
<br />. t'b} any notice to ieatder shall be given by certifaeet mail. rettsm itceipt requested, to Lender's ate,tress elated herein ar to
<br />such other address as bender may designate by notice to Borrower as provided txrein. Any native provided far in this
<br />Morgage shall be deemed to have btx~t given in B€~rower ~ t ° whe€s ~v~ ~ maarer ~sigaated herein.
<br />iS. L/a~t>rm Motipgap ~ Lees; Sevtt. This form of mortgage combines uniform cavenartts for ttatiaaal _
<br />ure and [ton-unifamt covenants with limited variatiras by jurisdiction to constitute a uniform security instrument caveriag
<br />real property. 'T'his ~#art~oe shall Ex gaver~d by tt-~ law- cf the jurisdiction in which the Property is located. In the
<br />event that nay provision or clause of this Mattgage or the Note eanflicts with applicable law, such conflict shall Hat -xtleet
<br />ather~arovisions of xhis Mortgage or the Note which can ire given effect without the conflicting. pmeision, aWd fa tlth
<br />etrsi t..,. pre=~n=..=,o sf the Mortgage and the rvote are declared to be sererabk.
<br />i6. 13oraowar's Copy. Borrower shall be furnished a conformed copy of the Note and of this Mortgage at the time
<br />of execution or after recortlaYiaa hereof.
<br />i?. Tier a$ the Property; AswtmpfYan, It nit or any part of the Property or an interest therein ix sold or transferred
<br />by Borrower wi!i*o~=t Lender's prior written consent, exciudang (a) the creation of a lien or eacom~rabce subortUnate to
<br />- this Mortgage, (b} the creation of a purchase money security interest for household appliances, (cl a transfer by devise,
<br />~'kscent or by operation of law upon the death of a joint tcvsWt or (d) the grant of any kaseha}d interest of three gears or Less
<br />eat containing an option to purchase, Lender rosy, at Lenckr`s option, declare all the sums setatred by this Mortgage to be
<br />igttmediately due and payable. Lender shall have waived such option to axeierate if, prior to the sale or transfer, Leader
<br />anti the perst» to whom the Property is to l>r sold or tTxrtsferred ranch agreement in writing that the credit of such petsoa
<br />is sa#sfactorv, to Lentkr and that the interest payable oa the sums secural by-this Mortgage sltatl be at such rata as Leger
<br />shall regtt~t. If Leader has waived the option to accelerate pra~id€d in ibis pstagragh 17, aim if Borrower's attccmar is
<br />mterest has executed a written sastrmpti~ agreement actxgied in writing by Lettder. Lender shall reksse Borrower frwtt all
<br />obiigatiaas under this Mortgage and the Nth,
<br />- ~ I-ender extr'ci stmt ttptiott to mate. Lender shall maH $arrower ttmice of acceltaation in ordmWCe with
<br />p~Bral+fi lA htrceo#, nor~~ per, a g~g~ of rat lass ehan 's;~ 3ays from the emote the noti~c is madkd within
<br />Borrower may pay the cams dalared due. If Borrower faits to pay ouch sums prier to the exgiratian of retch period,
<br />ma}* ws`tTtout f~r rriaiioe or tiatnaad on Borrower, invoice nay remedies permitted by parsgrsgla 1$ htaeof. f ~
<br />`l-t~r'o~' F ~'~rrab':s;, Borrower and Leat~r farther covenant aWd agnx az follatva:
<br />i a '~ ~ ~-~•: :~~a~, F.zer~i sa Pmtl ~ l3 kese+s€, W~ ~saasxee9r of tang asst a~
<br />a~rrrnteAl of l3arroxer ~ tlaVk Mom: -~ad®os the tsise~la ~ ~. when dne aaay a~a. seetaaed Tay tlaka ~, .
<br />Leedcr peter w accalerashr i~JcaQ an0 ~, B ,n i~ ~ fly ~ C ~ tl) _~ ham;
<br />l2> ~ keaaa rsmnlred t~ _-~ ~b ±~: ~ mom: ~ ~ ~ t:.e~ dse d~a t#be t ~ tl~ed ea aorsower,
<br />by wmfch s>ic6ltretx6 t»aset be ctn~ed; a~ (4) tlaat'[elFsre Ea cue ~ bieatda-ace ar `bttoae tle tie aid ~ Nae
<br />tti~y resort is ~ of the ewTffi xcete3'b9 tlda klnrigage, fonxiasese hY agef wile aA` t6r Prate.
<br />:be ttotirc s4taB €rst9tsr irdoam itiorrower of the right to ttt?sefate aittsr acc.lept~ar teed Nee tit to nlagt is [kit €ercc3oanne
<br />FMS ~ ~x fri a skfaalt or atsy other ekdease oQ Eerrowxr td tactxb¢raffo@ grad foatkluaene. llf tlae I
<br />6 ..~ :~azsl ~ .r C:!x;;r tae Sate s~c3Sad ba lice saotice, L~tr at Leett-0er's apftoe earl' dt:ctare-=~ of the std ~cstred-4Y -
<br />ffik i14or to ~'.atne~'p 4ye amt peyttcle •riiLoet ftirlber efertand anti rWay t'oreelitae by jatlacial
<br />anal! tie eetltksi to eo9ec4 to arch aN e
<br />trtldence, aitslria¢ti sad HUe reports xpeacta~f f - . - lo,dtatRag: Itq# aaot I)a~ed t~ ear96s of
<br />39,-.Bprmw~'e- is Reitetatr. Notcwithsiaudyttg i,YiSder3aaCelerattatr of the sums-socttred by ibis Mortgage,
<br />Horrmvzr'sh~I lsaye rtes ~ht to have sny FrsBS begun by Leader to enfart:e this Iiiortgage discontinued ai any time
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