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Lender's written agreement or applicable law. Borrower shall pay the amount of all mortgage irsurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to ehis paragraph 7, with interest 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 shalt be payable upon notice from Lender to Borrower requesting payment thereof. and shall bear interest from the
<br />date of disbursement at the rate payable from time to time on outstanding principal under the Note unless payment of
<br />interest at ouch rate would be contrary to applicable law, in which event such amounts shall bear 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 />nay action hereunder.
<br />8. Iaspectiea Lender may make or cause to be made reasonable entries upon and inspections of 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 />4. Caadeatnatmn. 'f'ee pra.eeds of any award or claim fur damages, direct or consequential, in connection with any
<br />•~ rnndemnation or other taking of tf~e Property, or pan 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 Borrower and Lender
<br />~ othtrrvise 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 />:r taking beats to the fair market value of the Propem• immediately prior to the date of raking, with the balance of the proceeds
<br />'~ paid to Borrower.
<br />~ If the Property is abandoned by Borrower, or if, after notice by Lender in Borrower that the rnndemnor offers to make
<br />an award or settle a claim for damage, Borrower fails to respond to Lender within 3Q days after the date such notice is
<br />mailed, Lender is authored to collect and apply the proceeds, at Lenders option, either to restoration or repair of the
<br />Property or to the sums secured 6y this Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend
<br />or postpone the dtx date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of
<br />such installments.
<br />10, Bwmwer Not Released. Extension of the time for payment or modiftcation of amortization of the sums secuteed
<br />by this Mortgage granted by Leader to an_y successor in interest of Borrower shall not operate to release, in any manner,
<br />the tiatrility of the original Borrower and Borrower's successors in interest. Lender shall not be required to comttxnce
<br />procxed(ngs against such successor or refuse to extend time for payment or otherwise modify amortization of the sums
<br />secured by this Mortgage by reason of any demand mods by the original Borrower and Borrowers successors in interest.
<br />11. Fotiea~ce iy Leaser Not a Waive. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />othawix afforded by applicable law, shall not be a waiver of or prec-ude the exercise of any such right or remedy.
<br />'Ibe procnrentent of iffiurarrct or the payment of taxes or other liens ar charges by Lender shall not be a waiver of Lender's
<br />rrglst to accelerate the tnuurity of the indebtedness secured by this Mortgage.
<br />li 8eae~es AA ranedies provided in this Mortgage are distinct and cumulative to any other right or
<br />teatedy under tfiis Mortgage or afforded by law or equity. and may ere exercised concurrently, independently or successively.
<br />13. 3aecewors sad Asipe 1~ Jefat acrd Several I.ialri$ty; CapBata. ilre covenants and agreemrnis herein
<br />contained shat! bind, and the rights hercurtd_ er stroll inure to. the respfctive successors and assigns of Lender and Bottowcr,
<br />arbjtsx M the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be joint and several.
<br />The captrans and hrsditgs pf the paragraphs of this Mortgage are for convrnience only and are not to be used to
<br />iaYrtpret or de5ne the provisorrs hetmf.
<br />id. Nadee. F.ztcpt for any notice required vrtder applicable law to be givrn in another manner, tal any notice Za
<br />Borroe~ prmided for in this Mortgage shall be given by mailing such notice by ccrtifted mail addressed to Bortower at
<br />the Property Address ar at such other address as $orrower may designatt by rxuitx to Lender as provided herein, and
<br />!bl nay aotiee to Leads shag be givrn by certified snail, return receipt requested. to Lrnder s address stated herein or to
<br />asrch esther addrea as I.entter may designate by notice to Borrower as provided hercin_ Any notice provides for in this
<br />Mortgage shall he deartted m have beat given to Btxrower or Lendor when gicrn in the manner designated herein.
<br />15. tfal[erar Gs+exaitig Law; Severabi6ty. 7lris form of mortgage rnmhines uniform covetnants for national
<br />t~ sad crate-uniform cocertants w-i!h limited variations by jurisdiction to cotgtitute a uniform security instrument rnvetvtg
<br />slit prapdsy. 17sis Mortgage stroll be governed by the law of the jurisdiction in whidt the: Prcgrerty is lopted. In rho
<br />event thu arty provision a clause of this Mortgage or the Note conflicu with applicable law, such confliM shall not afftxt
<br />#5fis provi.-eans ~ this Mortgage err tiro Note ;vhich Ott trc given effa°t without the e;ottRic-ting pros~~n. sad to this
<br />cad ffie provi9oas of the Mtxtgage and the !cote are declared to be severable.
<br />If. iaawae;r't GRy- Barrowe7 shall be furnished a ebafor~d ropy of the Nore sad of this Mortgage at the time
<br />of eaetartiaa or after recardatim htart:of.
<br />17. Traa~r erf tie }rapgiy; Aawr~Koa. If all or nay part of the Property ar an ia~rest therein is sold or transferred
<br />by Borrower without Ltatddcis prier written cotuent. rsclu~ig {al the creates of a lien or mcumhnnoe subordinate to
<br />elms Mart~ge, (bl the exe:9an erf a purchase money security interest for houtdwld appliances, (cl a transfer by dcvite,
<br />descant ar by operation of taw trpm the death of a joim tenant or (dl the grant of any kasdrold interest of thnx years or less
<br />not coatsiai~ an ttgRioa m ptrrchate, Leader may, at Lender s option, declare all the sums secured by this Mortgage to be
<br />sine a~ payable. Leader shall bout waived such option to atxeleraie if, prior to the sale or traasftr, Leader
<br />sad the poem &i whom the Property is io be aced ~ tratsferred reach agreement in writing that the credit ~ such pawn
<br />is tvat~ctry w Lssrda and that the interest payable oa the sums secured by this Mortgage sbatl be at :uch me as Leader
<br />s If L~ ins waived the o.,~rtiaa to accekrstc provided is this paragraph 17, arxl if Borrower's strccesior in
<br />i hu esensbd a writtsar maarption ageemrnt aaxpted in writing by Leadex, Lendor shag ukase Borrower frwa all
<br />o6luy~ms sleeks tlsis Mortgage amd ere Num.
<br />If Lmtirr r ruse aptiat to acrekaatc, Lender shah raatl St~rower notice of acoderatian in acrnrdaatx with
<br />p I< hereof- Streh notice sly pa$ride a period of not lea than 30 days frown tlx date the aotiec is matted within
<br />vr§it3r Batrawer may pay tlg soma dtx•3ared due. If Harrower folk to pay such sums prior to the expiration of sorb period.
<br />Lmdrz may, wititaud f aotioe to deatand oa Harrower, invoke soy ranedia peratitted try paragraph 18 hixeof.
<br />Natr-Ut~aastl tAVt:r+atars. Bon^owtx and Leader further mveeant sad agttx as fofiaws:
<br />Ii. AoedeaWal lsoeirt ~ s ptwliel its !~!~ 17 rereol, ~ =attnwes'a ireati of ray esveasat er
<br />elf lfetti'awer 5 tit Martppe, rrtia~ ere coveaar~ ~ psy cairn the a:y tent aeeated by tMt Mme.
<br />Lttdat peeler to amrieea6aa titrB arts aa~ce tr Bata+awer at paviited i I~P'~ 11 ie:eaf : (1) ere breaei;
<br />t# RrR andw tragaieti >t sae trees hrarrt~ t3? a dd4 not rs tiaa 30 days treie ere t4ec ere ae8ce 1s tootled r lottasver,
<br />1tF sriielt atrki rwaer ~ Ile ewta~ nett (4I trd failre fa were elect irtari a• err 6dote ere dam k ere orttlsro
<br />ttrttf tettit ilt aebt3teftlra taf qte tws ttenrnrd 17 fir Martl~e+ fatedaams r! } proeet~ std atilt er[ t're Ptprrty.
<br />!>Ylt tattiioe ttrti >lettlrer ittttana d ere right tie aeiateitte alter arcxrratlae gait time rlgit ro erect ii tie foeeelatme
<br />paaaoiaR ere atwaai~see # a eir/artlt err >4 e-tier erieate of Lnnower et ac~eraNioa arts taredetree. )b' the bteari
<br />it net stwi err we rirtanr lie ertie ~ >. t>1e adlee, LrJatlrr of Ltetiet~r o~8aa s4gy declare ~ d !ie aaet aeetaed by
<br />t~ lYf Wqs i is lttrret~lalt irr aai }QaMle firRt~ dmri awd tn~q faredoae iy' }dam RneeedVg. Lender
<br />tdtti lle ~ Ice eoaiiixt it leer-grac+esittB i rspearrt rf hteriottaae, ~, 1st cot ~ ter, cotta erf doeamealary
<br />traldtaaa. tdal+adt sad ti®e sjsaM.
<br />~. lalaawera ~ a- iRdat4rle. Notwitthataotling Lender's acceleration of the sums secured by this Mortgage.
<br />Borrower abaB base the ~ Aj txve airy pavcoed'mga began by Lene6cr to enforce this Mortgage discontinued at any time
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