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bender's written agreement or applicable law. Borrawer 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 interest thereon, shall become additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to ether 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 disbursement at the rate payable from time to. time on outstanding principal under the Note unless payment of
<br />T+ interest at such rate would be contrary to applicable law, in which event such amounts shall bear interest at [he highest rate
<br />r.. permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />~^r, any action hereunder.
<br />,,,,,~ 8. Ispection. 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 />~ colorer in the Property.
<br />4 Coadtmnation. The proceeds of any award or claim for dama¢es, direct or consequential, in connection with any
<br />condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned
<br />~ and shall 6e paid to Lender.
<br />~ In the event of a total taking of the Property, tht proceeds shall be applied to the sums secured by this Mortgage.
<br />with Sht txctss, if any. paid to Berrawror. In the event of a partial taking of the Froptrty, unless Borrower and Lender
<br />othawix 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 surt,s secured by this Mortgage immediately prior to the date of
<br />taking bean io the fair market value of the Property immediately prior to the date of taking, with the 6a]ance of the proceeds
<br />paid to Borrower.
<br />if the Property is abandoned by Borrower, or if, after nods by Lender to Borrower chat the condemnor offers to make
<br />an award or seC.k a claim for damagrs, Borrower fails to respond to Lender within 30 days after the date such notice is
<br />mailed, Linder is authorized to collect and 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 />Unkss Lender and Borrower otherwise egret is writing, any such application of proceeds to principal shall Hat extend
<br />or postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of
<br />such installments.
<br />Ifl. Batrow~ Not Rdnwd. Extension of tht tune for payment or madiflcation of amortization of the sums secured
<br />by this Mattgege granted by Leader to any successor in interest of Borrower shat) not operate to release, in any mannee,
<br />the liability of the original Borrower and Borrowers successors in interest. Lender shall Hat be required to commence
<br />prattedmgs against such s»aYSSOr or refuse to extend time far payment or otherwise modify amortization of the sums
<br />secures by this Mortgage by mason of any demand made by the original Borrower and Borrower's succtssors in interest.
<br />ll. 1Rsb~re by Leader Not a Wdvtr. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise afforted by applicable law, shag not be a waiver of or prtclude the exercise of any such right or remedy.
<br />The prant of imwance ~ fire payment of tsxts or other Betts or charges by Lender shalt not be a waiver of Lender's
<br />right to acaelerare drt tttaturity of dte indebtedness secured by this Mortgage.
<br />13. lteaseifn Ctr. Alt remedies provided in this Mortgage are distinct and cumulative to any ocher right or
<br />ranedy under 8tis Mortgage or afforded by law or equin•. and may 6e exercistd concurrently. indtpendenily or strccessivdy.
<br />13. Seecessws sad Assigns Eon 3aia sad lieveral L#a6iky; CapAeas. The ca~xnants and agreements herein
<br />rnntaintd shag bind, and the ruts hetctrttdc shall inure to, the rrspcctive successors and assigns of Lender aml Botrowtr,
<br />subject to tl•.e provisions of partagraph 17 herof. All crovenants and agreements of Borrower shall be joint and severer.
<br />The and hnd~gs of the paragraphs of this Mortgage are for convenitnct only and are net to bt used to
<br />inierputt or dedirte the provisions trert;of.
<br />IL Nance. $cept far any notict required under applicabk law to bt given in another mantxr, (a) any notice to
<br />Bartatrtr provided for in dtis Mortgage stroll be given by marling such notice by certified marl addressed to Boar©wor at
<br />rite Prapttly Address or at such other addreu as Borrower may designatt by twtitt to Lender as provided herein, and
<br />(b) soy notice ut Lender alraB lx given by certified mail. raum receipt requested, to Lender's address stated herein or to
<br />ssstdt ether atidrew as Leader ttrsy desigttau lty notice to Borrower sa provided herein. Any Holier provided for in this
<br />Mortgage shat! be demand to fisve tarn givrrr to Borrcwver or Leo~r wtxn given in the manner designated herein.
<br />Iff. I)sYat>rt Mid C. Ltew; Scverabiky. This form of mortgage combince uniform cavenaats for national
<br />rant and non-troifaam oavtnants with lenited variations by jurisdicticu, to carntitute a uniform sr+~'trrity iusintment covtring
<br />rral prapaettp. This Mortgage shall be governed by the law of the jurisdiction in whielt the Property is located. In the
<br />evert ihu nary pr~satr ttt cistdt of ffiis Mortgage err the Nott canfliCft whit applicable law, such eorr8ict shag Hat afftrt
<br />other provisioes of this Mortgage or the Nee which coo be given effect without the txtnflictittg provision, and to this
<br />end the > of the Mortgage and the !Nate ate derlarod to be severable.
<br />If. )taessxwes^s Cow. Bo:tttwer shaA bt furnished a canforrned copy of the Nate and of this Mortgage at rite titnt
<br />of eaocotios+ or after raasdatioa hereof.
<br />17. 1Yassfer of the ~!: AassssNiw. If all or say part of the Property or sn inteaest therein B sold or transferred
<br />try Samwer wititan Leaden s prior written eo~mt, exchtding (at the creatsoa of a lien or eacumisrantt nrbordinate to
<br />the 3torsgrge, (b) the crruion of a purchax maxr• socurin~ interest far hanehald appliances, (c) a transfer by delve.
<br />descent ~ Toy opaatioo of law upon the death of a joint tenant or tdt the grout of say lease3told interest of three years or
<br />aattt ~~g as aytim ~ ptaehwe, trader may. set I.eoder's optim, declare alt the sums secured by this Mortgage to be
<br />drat and gsyabie. Leaden short love waivetf suit optic+n to act:tt if. prior to iht ss~ls or trutsftr, under
<br />sad the paean to wham the Property is ra bt aid or iransftrted rtxh asreemea! in writing that tfte reedit of such person
<br />is aey ro Lrstda sad #rat rfu itterest payshle oa tht sums sa:tued by this Mortgage shall lx at such rate as Lrndu
<br />sf>aI1 realest. if Linder has wairad the option to aeederate provided in this paragraph 17, and if Borrower's wcawor in
<br />isaetat has ermcuared : writmt w'saa art acttptetd in writistg by Itadtr, Leetder shall release Borrower from aB
<br />aLkyPtioaa tmdtx thin Ids ~d the Nate,.
<br />if lradea each m ~, Leer shall tnaH Bozrawtr rxttitx ext acerkration in a~ardarrct widr
<br />psstr~spr 14 haeaL eerier shsA ptctvidt a pesiad of cot ]ess bran 30 daps froae the date the entice is tttaibd within
<br />witich Borrower may pay the smm dectued due. if Barrm-er failx ra pay serett Berms prior to the expiration of such ptriod.
<br />Leader say, tvidspeoa further aesiu err dtsr•tand oa Borrower, invoke soy ranediea p~n~ by luralnph 1 g hereof.
<br />3~S-Utwnt3sua ~tatrra. Bttrrorct artd LeaAder furthp~ crntnant and egret ss follatra:
<br />IR Aeaiaw~ad ^adaeis. ~ s grs+ridad fr tt+~ Iz ts~at, r*ea Bessesrp~s hteacit of any tout err
<br />tegpesest at Bsaww la ii MK~B+ Lelaifisg tie oetraasu b pay whoa dot swy ssssa aee°srd by this .
<br />Iatnlsr i~* r ttaaelwsYaa sLeB s.d naAce r Bxrawa r p-asiied is ~ 11 baeet ttgecfdyieg: {I) tttc beeetr;
<br />CA ties #~rtn r daa ssrr MsaeiS f3) a dtNe, saR teas Aare 3r days frees the aeete fYe sotlte is anilad is Bores ter,
<br />b atttlt rude tstst 3s eaw~ and f'1? ifart tbire r testae ewer rtaei as tar idaee tlYe d~ s}ce~ed is re ssAee
<br />ttrtq-itstait fs ttaeaiterlAs. et tie east iteerae+I b tics . fareetasras itlr jrictsl praceadrtg sad sale set tine p'roleA7.
<br />~e ta«lea+iuA fdtrlltseitlta.t ]~tasar as tra ~ to rrlssple tiler atodaraetsa and Art rfg1N r swat fo the torerlgwra
<br />tis....esdsht.asat s detserlt err,. srt(tsr efs[aaw of Bamswu r accdwsfiow sad fotedstaRe. >g tre beaeae6
<br />ss! dash era: dam tlpe date ~ >. ire setlce. Leetdlgr at Leaierta oNios rosy tlketare eQ oI tre sos seesred by
<br />tilaltieaytt~e rte iaaaa~altll~ # sad gsgaiAe wimwt ! dswrssd sstd >s*Y foreclose h7' js~cist peae~. feeds
<br />sitiisaAMei r eaiw~ w seer patreaiag a1 eyeeresere d lareeleatae, R. bat sot Btered r, cats of doerssewlaey
<br />wlit~ae. tdttertrde eed ins
<br />l+a. lsitwsaorw's B;~t r Berrrtate. i+lotwitifaaodiag Leader's accekratiatt ~ the sums secured by thh Mortgage
<br />'~ ry_o, s ;~ ~ ;~ s-':~ ~ a„'~ l~s•® h: 1.--ttd~ to ~iaret tl:;s M~#sai., di~4triir=t..~-d at ary titx
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