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~~~ ~9~.i~~~Z~ <br />Lender's written agreement or applicab}a taw. Harrower shah pay the amount of ail mortgage insurance premiums in the <br />meaner provided under paragraph 2 hereof. <br />Any amounts dishursed by Lender pursuant to this paragraph 7, with iaterast thereon, shall become additional <br />indab€edness of Horrower recured by this Mortgage. Unless Borrower and Lender agree to other terms of paymaat, su^.h <br />amounts shah be payable upon notice from Lender to Horrower requesting payment thereof, and shah bear interest from the <br />data of disbursertrent at the rate pay~bie from time to time on outstanding principal under the Nota unless payment of <br />interest at such late would be contrary to appiicable taw, in which eveai such amounts shalt bear 'sntarest at the highest rate <br />pa..T ~~o _=^~?^r appi=r~ki~ ia~. ?~^t!:?ag csr.:ta.~:.°d i,. -this p~ ~.a~; 7 s'~.a?} ,~,uira L .°t:dar fu i ~^u. a-ty AaY.. ar t°~' ¢ <br />a,-} actiap trerertnder. <br />8. letapection, Lends: may make or cause to be made reasonable entries upon and inspections of the Property, provided <br />that Leader shah gtva Boritrwer notice prior to any such inspection specifying reasonable cause there#or related to Lender's- <br />- intetesf in the Property. <br />3. C.et;idaasta~tba. ??,e proceeds of arty award or-claim far damages, direst ar rnnseyuential, in connection with any <br />conalemastioa ar other taking of the Property, or pair thereof; or fo> convopanee in lieu of oondetnnatioa, are hereby assigned <br />and shah be pa"td W Lander. <br />In t'~ event of a recut taking of-the Property, Cite proceeds shad be applied to the soars matured by this Mortgage, <br />with the excess, if any, paid to Borrower. In the event of a partial taking of rite Property, unless Borrower and Lender <br />ctherwire agree in writing, titers shall be applied to the sums secured by this Mortgage such proportion of the proceeds <br />as is equal to that propnrttoa which xhe amount of the sums secured by this Mortgage immediately prior to the date of <br />rye,:.,g Min to rt.n gain market valri of tke Pror:,,.:r imn;adiatelg ptio: to tfie data of axing, vrth rite eta rave of t ~ peaces <br />paid to Borrower. <br />If the Praperry is abandoned by Borrows.*, or if, after notice by Lender to Borrower that the condemnor offers to make <br />an award or settle a claim for damages, Borrower faits to respond to Lender within 3t) days after the date such notice is <br />mailed, Lends tt audrorized to coIleat and apply the proceeds, at Lender's option, either to resforafion or repair of rtes <br />Property er to the sums secured by this Mortgage. <br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shad rani catered <br />or p~epone the due date of the monthly installments referred to in paragraphs t and 2 hereof or change the amount of <br />such irrstallmeats. <br />Ffl. Birctns+er IVot Released. Extension of the time for payment or modincaaon of amortization of the sutras secured <br />!ty this Mortgage granted by Lender to any successor in interest of Borrower shad not operate to re}ease, in any maarser, <br />the liability of the original Botrawer and Borrower's successors in interest. Lender shalt not be required to srsmmence <br />proceedings against such successor or refuse to extend time for payment or otherwise mod}#y amortization of the auras <br />secured by this Mortgage try reason of any demand made by the original Borrower and Borrower's successors in. interest. <br />12. Irorbearatact by Y.ender Not s Waiver. Any forbearance by Lender in exercising any right or remedy heretmder, or <br />otherwise afforded by applicable taw, shalt cwt ba a waiver of or preclude rite eaercise of arty such right or remedy. <br />'llte procurement of insurance or the payment of taxes or other liens or charges by Lander shall not be a waiver of Lender's <br />right to accelerate the maturity of iha indebtedness secured by this Mortgage. <br />32. Remed}es Ctrsto3latlve. ATi remedies provided in this Mortgage are distinct and cumulative to any other right or <br />remedy urtder this Mortgage or alTorded by law or equity, and may ba exercised canturrantiy. independently or attccassivety. <br />13. Sn~rces94ls ~} Botcad; Jolnt and 3evera} icy; Captttyts. ;^•re covenants z~ agreements he-r~ <br />contained shat bind, `nd the rights hereunder shall inure to, €lte respective suxassors and assigns of Lender and Borrower, <br />subject to the provisioae of paragraph 17 heeeof. Aii covenants and agreements of Borrower shalt be joint and severe}. <br />Site captions and headings of the paragraphs of this Mortgage are for mtrvenience nary -and are not to be used to <br />interpree or defrrte the provisions hereof. <br />Y4. Piotlee. P.xcept for say notice required under app}icabie taw to be given in another matrncr, (a? any notice to <br />Borrower provided for in this Mortgage snail be given by mailing such notict by certined matt addressed to Borrower at <br />the ~Y Rdt3ress or at such cX}mr address as Borrower may designate by notirx to Lender as provided hergn, and <br />(b? ag; rtottce €o P ~.dEr shall ix-given by testified resit, rrtnrrt receipt r~c~trd. tc Lenders addr~a stated }~rcin or to <br />sash- other address as Lender may desiguate by txtt"sce to Borrower ss provided herein. Any rrotrce provided for io ttt~ <br />'dortgagb Kell ix dce.;,e.-' to have bar. givYen to Harrovr: ar I.erder when gis~n in the siarsrtc-r dEsigitatrc3 ltrr~}a. <br />;E3. II€~orsa Mat~agaT ~overa}ng Ls~t Severa3sB}fy. This form of mortgage rnmbines uaifoim covenants for national <br />use and nett-uniforttr covenants w7th limited variations by jurisdiction to constitute a uniform security instrument covering <br />rest property. T}tis Mortgage shall be governed by the taw of the jurisdie5oa in wlticir the Property is loeaterl. In the <br />event that any pmvisian or ciau~ of this Mortgage oc the ie'ate conflicts w`,th applicahie law, such aoaAiet aha}i not eHrrt <br />outer provisions of this Mortgage or the Note w}t6eh can lie given affect without the mnflictiatg prevision, and to the <br />and t}te provisions of the Mortgage and the Nara are declared to be severable. <br />ld, Bttt~'s i• Bor:rnvar sfiail bQ furr.Eshad a con#ortrtad copy of the Note and of *,fiis }++Iertgage at the time <br />of exsu#ion or after recordation hereof. <br />1'7. Traaefer of t;~ Pxruptrty; Assut~ptFan. If ail or any'part of the Property or an interest therein is sa}d or transferred <br />by Borrower without Lender's prior written consent, excluding (al the creation of a lien or encumbrance ~rbordenate to <br />skis Mortgage, (b) the creation of a purehasa money security interest for hawsahold appiiaaees, (a) a ttaesfar by devise, <br />descent or by operation of law upon the death of a joint tenant or (d) the grant of say teaschold Interest of there years or 1as <br />sett catntarniztg as rap- to pttrch> F radar maq, at Landes s option, dzciare all the sums secured }ry this Mortgega to }re <br />imm~atelg-due--sad payable. Lsttder shall have wa=veti sack option to acceietate if, prior to the sak ar transfer, Lender <br />and the person to wham the- Property is ftf bd sold or transferred reach agreement in writing that the credit of stash petsan <br />is satisfactory to Lender and that the interest payable on the sutras secured by this Mattgage sha}i be at such rate as Lender <br />shall request. 7f Lender Ices waived the opt"son to accelerate provided in this paragraph l7, acrd if Borrower's successor is <br />iat+trest has executed- a writEen asstamp~orr agreement accepted in writing by Leader, Leader shall ro4ease Borrower frtuit ail <br />obligations under this Mortgage and the Note. <br />L= Lender exercises state option to accelerate„ Lender steal, mast Borrower notice of acceleration iu accordance-with <br />paragraph }t, harebL -Srte}tarotice snail provide a period of sot less than aft days from fhe date the entice ~ tnarZed within <br />wrhich Burrower snag-pay the sums declared due. }f Sotrowtr faits to pay such sums prior to fire expiration of such period, <br />L.-eclat may, wit}totrt #uzthcr noticz or demam} on Borrower, ii voles any remedies permiftecl 6y paragraph }S her~rf. <br />Nax-U~tt~rsivt GovexAarrs. Borrower and Leader further covenant aru} agree as felines: <br />$>~. - :c5tac:+~o~ {Srt~,s, I~steyt as°~d is t? hereof, HorrawEr°e brdtch ~ say covt~ast urr <br />."a~.Cw ~.-. cx..;: .`~.". ;`;~,:s=tea ~?o.'~e.:b -tom . ;E~ °~~3 ~ vr- 4~a. COY ~C¢i ~3` `~` <br />S,sosl!ea r to x+.Ykraiio9 s}nl} rtaY ice to Eotra~.:¢r ~ proved M 14 ht~[ ~~ t1) the !'. <br />f83 th? acalaa : egrier`d 4a carte such 3raaedr; (31 a dates trot ~ tlr~ ~ days ft tTse date the'taotlee ~ d to:l8acr9a~r, <br />!sr erhieh swch b-earn mttet be csrxd: and f~! that fa}icre tpet~ saw ~ -lit 8ce ~-tom <br />' reael# its atcekrat#on of the aratres arrested by rtes 19nrtgager #~ecl~re hY ttnYi ~ o€ 26e Ftopr3Yty. <br />'Ylee aatice ski ftutisar inform Borrower of she riser W rciusFtde meter act and the ~ tb aa~rr ~ Ike e <br />prcxzrditrg fbe tuna-exm3enee of >t det?e~t ar :~q ai~e_deSctrct of Sairn~er ~ ~ >~ [orectoss~e. )ff tlpe Itetach <br />~ coxed as or'xfars tttx date s<aQ^fl3E.' Ea tl;x rtntirr,-Lett>r at Lende~$ a dec~re o!` t~ seemed b3' <br />'~'~ a!ts~,d:.s to L-x ?xw.^r}°.~~..~ 'ra.'~ ~ p :9so`~-! f::r`~: 3¢~v:.:. -i'~g °6:2=°''~3" ~ LF~$cr <br />s'sni#t tze /~'x...}ed to c~ct }~ .gib pstxes-~ tit t9ree}rs~ T Art Ifmtled ta, octets o[ ~eatneatuy <br />~a rt~strrects sad title rtgotlw <br />19. lseiwer'a Right-to ~t~t#, Notvritandittg Lencki's axeieration t+f the .sums secured by this Mortgage, <br />Burrower strut} bave fire tightto have say ptacee<linga begun by }.cedar to enfitrce this. Mortgage disconeinued ae any aims <br />