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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 provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with internal thereon, shall become additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment, such
<br />amounts shall be payable upon notice from Lender to Borrower requesting payment thereof, and shall bear interest from the
<br />date of dirhursetnenf at the rate payable from time to time on outstanding nrineipal under the Note unless gaytnent of
<br />interest at such rate would be contrary to applicable taw, in which event such amounts shall (sear interest at the highest rate
<br />permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />any action hereunder.
<br />8. inspeciioo. Leader may make or cause to be made reasonable entries upon and inspections o€ the Property, provided
<br />that Lender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />9. Condemnatlon. The proceeds of any award or claim for damages, direct or consequential, in connection with any
<br />condemnation or other caking of the Property, er part thereof, or for conveyance in lieu of condemnation, are hereby assigned
<br />and shall be paid to Lender.
<br />In the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Mortgage.
<br />with the excess, if any, paid to Borrower. In the event of a partial taking of the Property. unless Harrower and Lender
<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 />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. 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 30 days after the date such notice is
<br />malted, Lender is authorized to collect attd 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 Harrower otherwise agree in writing, any such application of proceeds to princioa) shall not extend
<br />or postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof ar change the amount of
<br />such instalments.
<br />A0. Borrower Not Released. Extension of the time 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 o£ the original Borrower and Borrower's successors in interest. Lender shall not be required to Commence
<br />proceedings against such successor or refuse [o extend time far payment ar otherwise modify amortization of the sums
<br />secured by this Mortgage by reason of any demand made by the original Borrower and Borrower's successors in interest.
<br />11. IFarlteacance h3' Lemler Not a ivafver. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />atherwise_atfarded by applicable law, shalt no[ be a waiver of or prelude the exercise of any such right or remedy.
<br />The procurement of insurance c- the payment of taxes or other liens or charges by Lender shall not be a waiver of Lender's
<br />right ta. accelerate t he maturity of the indebtedness s€cured by this :vfartgage.
<br />13. Remedies CunmFative: Ail remedies provided in this Mortgage are d@stinct and cumulative to any other ~,Sf or
<br />remedy under this M^rtgage or afforded by law or equity, and may he exercised concurrently, independently or successively.
<br />13. Snecessors and Assns Bound; Ioint alai Several i,iabt'Hty; Captions. The covenants and agrcemens herein
<br />contained sltali bind, and the rights hereunder shall inure to, the respective successors and assigns of Lender and Borrower,
<br />subject to the previsions of paragraph 17 hereof. Atl covenants and agreements of Borrower shall be joint and several.
<br />The captions and headings of the paragraphs of this Mortgage are for convenience only and are not to be used to
<br />interpret or define the provisions hereof.
<br />14. Notice. Except for any notice required under applicable !aw to be given in another manner, (a) any notice to
<br />Borrower provided for in this Mortgage shall be given 6y mailing such notice by certified mail addressed to Borrower at
<br />the Property Address or at such other address as Borrower may designate by notice to Lender as provided heron, and
<br />t~} any notice to Lender shat) be given by certified mail, return receipt requested, to Lender's address stated herein or to
<br />such other address as Lender may designate by notice tc Borrower as provided herein. Any notice provided for in this
<br />Mortgage shall be deemed to have been given to Harrower or Lender when given ir. the manner designated herein.
<br />15. IlnHorm Mortgage; Goverrittg Law: Severabilify. This form of mortgage combines uniform covenants for national
<br />use and non-uniform coverants with }invited variations by jurisdiction to constitute a uniform security instrument rnvering
<br />real property. This Mortgage she!! be governed by the law of the jurisdiction in which the Property is located. In the
<br />event that any provision or clause of this Mortgage os the Nate conflicts with applicable law, such conflict shall not affect
<br />other provisions of this Mortgage or the Note which can be given effect without the conflicting provision. and to this
<br />end the provisions of the Mortgage and the Note are declared to be severable.
<br />16. Bormwer's Copy. Borrower shat! be furnished a conformed copy of [he Note and of this Mortgage at Lhe time
<br />of execution or after recordation hereof.
<br />17. Transfer of the Property; Assumption. If all or any part of the Property or an interest therein is sold or transferred
<br />by Borrower without Lender's prior written consent, excluding ter) the creation of a lien or encumbrahce subordinate to
<br />this Mortgage, (b} the creation of a purchase money security interest for household appliances, (c) a transfer by devise,
<br />descent or by operation of law upon the death of a joint tenant cr (d) the grant of any leasehold interest of three years or less
<br />not containing an option to purchase, under may, at Lender's option, declare aH the sums secured by this Mortgage to be
<br />immediately due and payable. Lender shall have waived such option to accelerate if, prior to the sale or transfer. Lender
<br />and the person to whom the Property is to be sold or transferred reach agreement in writing that the credit of such person
<br />is satisfactory to Lender attd that [he interest 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 17, and if Borrowei s successor in
<br />interest has executed a written assumption agreement aaepted in writing by Lender. Lender shalt release Borrower from alt
<br />obligations under this Mortgage and the Nate.
<br />If Leader exercises such option to accelerate, Lender stroll mail Borrower notice of accekration in accordance with
<br />pazagraph 14 hereof. Such notice shall provide a period of not less than 30 days from the date the notice is mailed within
<br />which Borrower may pay the sums declared due. if Borrower fails to pay such sums prior to the expiration of such period,
<br />Lender may, without further notice or demand on Harrower, invoke any remedies permitted by paragraph 18 hereof.
<br />Nox-iINI7FOaM Covstvexrs. Borrower and Lender further covenant and agree as follr:avs:
<br />lg. AcceieraHon; Remeddes. Pzcept as provided in paragraph 17 hereof, apoa Borrower's breach of nay coveasat or
<br />agreement of Borrower is thb Mortgage, iadr~iag the covenants to pay when doe aay soma secured by this Mortgage,
<br />iemitr p~ to accekration shall teas ice to Borrawec as provided is paragraph IC hereof specifying: (1) the breach;
<br />(Z) the re~fdrtd ta cere such br€aeh; (3j a date, not less than 30 days from the date the ure8ce ~ marled to Borrower,
<br />by which sash breach mt;st be cored; sect (d) that fadare to core such breach on or before the date specified is the no8tt
<br />may desalt is aecelerat&m of the snag sectrr~ by this Mottg~e, foreclosure by jadkial proceeding agd sale of the ProtxAy.
<br />Tht entice slraB {nether inform Borrower of the sM to reinstate after acceleration and the right to assert in the forecbsure
<br />~ the aoa~eat9tence of s defsai! oz any-other defense a€ Borrower to acceleration and forecl~me. >f the breach
<br />is eat rated on oc before the dart s!serified in the no[ice, lender at I.e:tdtr's option may declare an of the stuns seeared 6y
<br />this Mortgrgt to be immediately tint amt payable without further demand and may foreclose by jerdicial proceeding. Leader
<br />shall be eafltletl to collect ut sash proceedi~ aB expeerees of foreclosure, iaclading, seat not Bm&ed to, coats of documentary
<br />evidence; alrst:acty and tNle repocte.
<br />19. Borrower's Right to Reiashte. Notwithstanding Lender's acceleration of the sums secured by this Mortgage,
<br />Borrower shall have the tight to have any proceedings begun by Lender to enforce this Mortgage discontimted at any time
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