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<br />Lender's written agreement or applicable law. Borrower shall pay the amount of all mortgage insurance premiums in the <br />manner ntavideli ~snder nara~aph ? hr~gnf• <br />Any amounts disbursed by Leader pursuant !a this paragraph 7, with interest thereon, shall become additional <br />indebtedness of Rorrewer secured by this tsAnHoaar ilntpcc $orr^•ve• ~^~+ r r:3er sg~w t- utucr ?crifu of payment, such <br />amounts shall be payable upon notice from Lender to Borrower requesting payment thereof. sand shall bear interest from the <br />date of disbursement at the rate payable from time to time on outstanding principal under the Nate unless aayment of <br />interest at such rak would be contrary to applicable law, in which event such amounts shall bear interest at the highest rate <br />pzratiastok under applicab3e law. Nothing contained in this paragraph 7 shad require Len_ der to incur any expense or take <br />any a,-tia- !-^-- ndrs. <br />E. Ittrpectlott. Lender may make or cause to be made reasanahie entries upon and iaspcetions of the Property, provided <br />that Lender shall give Borrower notice prior to any such inspection specifying reasonabk cause therefor related to Lender's <br />interest in the Propertq. <br />9, Caadeamat~a. The proceeds csf any award or claim far damages, direct ar consequential, in comrection with any <br />condemnation or artier taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are herebg assigned <br />and shat[ be paid to Lender. <br />In the event of a total taking of the Properly, the proceeds shall be applied to the sums secured 6y this Mortgage. <br />with the excess, if any, paid to Borrower. in the event of a partial taking of the Property, unless Borrower and Lender <br />otherwise agree in writing, there shad 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 />taking bears to the fair market value of the Property immediately prior to the date of taking, with the balance of the proceeds <br />paid to Borrower. <br />If the Property is abandoned by Borrower, ar if. after notice by Lender to Hcrrower that the condemnor offers to make <br />an award or settle a claim for damages, Borrower fails to respond to Lender within 3Q days after the date such notice is <br />mailed, Lender is authorized to collect and apply the proceeds, at Lender's option, either to restoration ar t'ePalr of the <br />Property ar to the sums secured by this Mortgage. <br />Unless Lender and Bottower otherwise agree in writing, any such application of proceeds to principal shall not extend <br />or postpone the due date of the monthly instatimenu referred to in paragraphs 1 and Z hcscof or change the amount of <br />such installments. <br />10. Borrower Not Released. Extension of the tome for payment or modification of amortization of the sums secured <br />by this Mortgage granted by Lender to any successor in interest of Borrower shall not operate to release, in any manner, <br />the liability of the original Borrower and Borrower's successors in interest. Lender shall not be required to commence <br />proceedings against such successor or refuse to extend lime for payment ar otherwise modify amortization or the sums <br />secured by this Mortgage by reason of any demand made by the original Harrower and Beyrower's successors i : interest. <br />Sl. Forbearance by Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or <br />otherwise a$orded by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy. <br />Tne procurement of insurance or the payment of taxes or other Harts or charges by Lender shall not be a waiver of Lender's <br />right to accelerate the taanrrity of the indebtedness secured by this Mortgage. <br />22. Reacedles Cmaalative, All remedies provided in this Mortgage are distinct and cumulative to any other right or <br />remedy under this Mortgage or afforded by law or equity, and may be exercised cancurrentiy, independently or successively. <br />13. Saccemors cad Asalgtts Baand; Ioiat and Several I.iab~fy; Capt~ns. "Rte covenants and agreements herein <br />contained shalt bind, and the rights hereunder shat{ inure to, the respective successors and assigns of Lender and Borrower, <br />subject to the pruvissons of paragraph T7 hereof. All covenants and agreements of Borrower shalt be joint and severe!. <br />The captions and headings of the paragraphs of this Mortgage are for convenience only and are ant to be used so <br />interpret or define the provisions hereof. <br />!4. Notices Except for any notice. required ender applicable taw to be given in anohzr manner, ta} any notice to <br />Borrowea provided for in this Mortgage shaft be given by malting suds notice by certified malt addressed so Borrower at <br />the Property Address nr at such other address as Borrower may designate by notice .o Lender as provided herein, and <br />(b} any notice to Lender shall be given by certiried mail, return receipt requested, to Lenders address stated herein or to <br />such other address as Lender may designate by notice to Borrower as provided herein. Any notice provided for in this <br />Mortgage shalt be deemed to have been given Eo Borrower or Lender when given in tine manner designated herein. <br />I5: Us~orm Motig~e; Governing Law; Severah7ity. T nil form of mortgage combiner: uniform covenants far national <br />use and nor;-uniforms covenants with limited variations by jurisdiction to constitute a uniform security instrument caaering <br />real propeity. -This Mortgage shall be governed by tfie law of the jurisdiction in which the Property is located. In the <br />event that any provision or clause of this Mortgage or the Note conflicts with applicable taw, such conflict shall not a$ect <br />other provisions of this Mortgage or rise Note which can be given e$ect without the conflicting provision, and to this <br />end the provisions of the *`ortgage and the Note are declared to be severable. <br />fi. BotYOwer's Copy. Harrower shalt be furnished a conformed copy of the Note and of this Mortgage at the time <br />of execrrtian or after reeardatian hereof. <br />I9, Transfer of the Ptopeety; Assumption. if ail or any part of the Property or an interest hherein is sold or transferred <br />by Borrower without Lender's prior written vronsent. excluding ta) the creation of a lien or encumbraisce subordmak to <br />this Mortgage, (b} the creation of a purchase money security interest for household appliances, (c} a transfer by deviu, <br />descent or by operation of taw upon the death of a joint tenant or (d} the grant of any leasehold interest of three years or Less <br />not containing an option to purchase, Lender may, at Lender's option, declare a12 -the sums secured 6y this Mortgage to be <br />immediately due and payable. Lender shall have waived such option to accelerate i#, prior to the sale or transfer, Leader <br />and fire pert-ats to whom the Property is to be sold ar transferred reach agreement in writing that the credit of such person <br />is satisfactory to Lender and shat the intc:est payable on the sums secured by this Mortgage shall be at such rate as Lender <br />shall request. If Lender has waived the option to accelerate provided in this paragraph l7, and if Borrower's successor in <br />interest has executed a written assumption agreement accepted is writing by Leader, Lender shall release Borrower from all <br />obligations under this Mortgage attd flu Nuts. <br />If Lender exercises such option to asxekrate, Lender shall mail Borrower notice of acceteratian in aceordamce with <br />patagraph i4 hereof. Such notice shall provide a period of not less than 30 days from the date the notice is maned within <br />-which Borrower may pay the sums declared due. if Borrower faits to pay such sums prior to the expleavan of such period, <br />Lender may, without further motive or demand on Borrower, invoke any remedies permitted by paragraph 18 hereof.. <br />NvN-UratPOat`t C[tvgxRtvrs. Honower and Lender further covenant and agree as follatvs: <br />18, A.c~edersthnr, Remus. Tempt ~ prtrrided is paragraph I9 hereof, trpon Borrower's breach of nay eoren~ or <br />agtrsaateat of )torrowsr hx ~ 14fos$ags, hrciodiag the corenatNs to pay when doe nay copal aecatad by tb~ Mortgage, <br />%i~er prior to ~ Bbd maB ao$ce ts~ Borrowa~. ~ proyidad is psaage~h f$ herein-y3eg: El) !~ breach; <br />f3) the actfog retlrabed m dire meh braseh; (3j a date, rot h~ the 3@-days from the date tae aotiea h d to Bormt-ar, <br />by' svltirh such btattcb rtfmrt t*c cored', artd f4) that fame br cote sneh'breach on ~ before ffit tittle in the mice <br />~ r~ak :n sc~lea~o of tYe s~ sec4.-ea by ihih ,- try yd ~ ,use sale ~ 3i~c Fre@~fg: <br />The nMlce shall farther btforsa-Borrower of fhe right to retssrEttte af&r acrelatrAdloe,twd rite tight fo sssett fm the fore~ieare <br />proceedlag the nou«cxlsteacP of a default or nay other dete~e of Botmwrx to: aceehuatloa and f+trcefoam~ -If the EaeacH <br />Ca oat cared an ar before ~ -.date ipee~tei-la tftc aotke, herder yt Lfteder's t>¢f&m stay declare ~ of ~e spate eetiacad by <br />this MtsrtgaEc to be 3mesedFsthly drae a p xtihaat fuct~er deuuutd and may feteelese by Ixader <br />t)Faii ire eadtied to cs~+tt ~ eft pnueedkng ~ of fer4cta~rc, 3trda, b~ oot ladled to, eos~ of daeatneatny <br />evidaadr, abstracts and Wla <br />19. rotree's to Reba Notwithstanding Lenders acceleration of the- sums. secured by this Mortgage. <br />Borrower ahafl havetbe right to hate ally ps+oceedings begun by Lender to enforce this Mortgage discontinued at any time <br />