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<br />Lerodcr's written agreement or applicable taw.. Borrower sha21 pay the amount of a21 mortgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />Any amotrnis disbursed by Lender pursuant to this paragraph 7, with .interest thereon, sha21 become additional
<br />indebtedness of Borrowe, 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 payr..ent thereof, and shall bear interest from the
<br />date of disbursement at the rate payable from time to -time on outstanding principal under the Nate unless payment of
<br />interest at such rate would be contrary to applicable law, in which event such amounts shall bear interest at the highest rate
<br />permissible under applicable )aw. Nothing contained in this paragraph 7 shall require Lender to incur any expetrse or take
<br />any action htreunder.
<br />8. Impaction. Lender may make or cause to be made reasonable entries upon and inspections of foe Property, provided
<br />that Lender shall give Honower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />9. Condetmaatba. The proceeds of any award or claim for damages. direct or consequential, in connection with any
<br />crondemnation or other taking of the Property, or 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 sum, secured by this Mortgage,
<br />with the excess, if any. paid to Borrower. In the event of a partial taking of the Property, u^.less Borrower 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 marks[ 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 Bonower that the condemnor offers to make
<br />an award or settle a claim for damages, Bonower fails to respond to Lender within 30 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 or repair of the
<br />Property or to the sums secured by this Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds io principal shall not ezttatd
<br />or postporn the due date of the tnonthly installments referred to in paragraphs I and 2 hereof or change the amount of
<br />such installments.
<br />10. Borrower Not Released. Extension of the lime for payment or modification of amortization of the sums secured
<br />by this Mortgage granted by Lender to any successor in interest of Borrower shalt not operate to release, in any manner,
<br />the liability of tht original Bonower and Borrowers successors in interest. Lender shall not be required to ca-nmsnce
<br />proceedings against such successor or refuse to extend time for payment or otherwise modify amortitttion of the sums
<br />secured by this Mortgage by reason of any demand made by the original Borrower and Bonawers successors in interest.
<br />Il. For6sarsocs by Leader Not a Waiver. Any forbearance by Lender in ezereising any right or remedy hereunder, or
<br />otherwise afforded by applicable taw, shall not be a waiver of or preclude the exercise of any such right or remedy.
<br />The procurement of insurance or the payment of fazes or other liens or charges by Lender shall not be a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />22. Itssaedirs C~nlative. All remedies provided in this Mortgage arc distinct and cumulative to any other right or
<br />remedy under this Mortgage or afforded by law or equity, and may be exercised concurrently, independently or successively.
<br />13. Sacceaors aa6 Assigns Bonrid; ieiat and Several f.iabaity; Captions. The covenants and agreement heroin
<br />contained shall bind, and the rights hereunder shall inure to, the respective successors and assigns of Lender and Borrower,
<br />subject to the provisions of paragraph 17 hereof. All covenants and agreements of Bonower sha21 be joint and several.
<br />The captions and headings of the paragraphs of this Mortgage are for convenience Doty and are trot to be used to
<br />interpret or define the provisions hereof.
<br />14. Notice. Except for any notice required under applicable law to be given in another manner, (a) any notice to
<br />Bonower provided for in this Mortgage shall be given by 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 herein, and
<br />(b) any notice to Lender shall be given by certified mail, return receipt requesteu. to Lender's 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 shall be deemed to have been given to Borrower or Lender when given in the manner designated herein.
<br />IS. Uniform Mortgagr, Goveraiog Law; Severa68ity. This form of mortgage combines uniform covenants for national
<br />ure and non-uniform covenants with titnited variations by jurisdiction to constitute a uniform security instrument covering
<br />teal property. This Mortgage shall 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 or the Note conflicts wtith applicable taw, such conflict shall not affect
<br />ether 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 />1t±. $oric9wer's Copy. Borrower shalt be furnished a conformed copy of the Note and of this Mortgage at the time
<br />of execution or after recordation hereof.
<br />17. Transfer of the Property; Assamption. 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 (a) the creation of a lien or encumbrance 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 or (d) the grant of any leasehold interest of Ehree years ar less
<br />not containing an option to purchase, Lender may, at Lender's option, declare all the sums secured by this Mortgage to be
<br />immediately due and payable. Lender shalt have waived such option to accelerate if, prior to the sale or Iran:far, Lender
<br />and the person to whom the Proptrty is to be sold or transferred reach agreement in writing that the credit of such person
<br />is satisfactory to Lender and that the interest payable on the sums secured by this Mortgage shall be at such rate as Lender
<br />shall request. tf Lender has waived the option to aceelerate provided in this paragraph 17, and ff Borrower's successor in
<br />inrorest has executed a written assumption agreement accepted in writing by Lender, Lender shall release Bonower from aA
<br />obligations under this Mortgage and the Note.
<br />If Lender exercises such option to accelerate, Lender shall mail Borrower notice of acceler!ttion in aceordance with
<br />paragzaph 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 tray pay the sums declared due. If Bonower fails to pay such sums prior to the expiration of such period,
<br />Lender may, without further notice or demand on Borrower, invoke any remedies permitted by paragraph 18 hereof.
<br />Nax•Utntaoatt Covexnrtrs. Bonower and Lender further covenant and agree as follows:
<br />18. Accekratior; Remedies. Escape ss provided is paragraph 17 hereof, npoa Borrower's breach of say covanaat or
<br />s`ra of Barrorrer hs this Mortgage, laelatirtg the covenants to pay when doe say same seared by this Morgtage,
<br />fsa~r prier Ice acceilera~n shag msfi aotice to Borrower os provided in paragraph 14 herteof apedfyiog: (I) the breach;
<br />(Z) She aetiae req~red to-cars each breach; (3) a date,-sot lea tires 30 days from the date the notice is ma0ed b Borrower,
<br />by which sseh -mmt be c~• s~ j+i) that-ts8nrs to care each breach on a bt4ors 16e date ~eeffied en the natke
<br />®ay taste )B-aeederation at tLe setae securd-bY ~ Mortgage, foreclosere by jadklal proccediag sad sale et the Property.
<br />The celiac ~ fmthsr httonr Boreewer of the-right to reimtate otter accekrRioa sad the ri`6t to aaert io the foaecbsore
<br />paeseii~ the noace ofa de[as4t or say other defense of Borrower to aceekratioa and fnreehtsare. )ff the breach
<br />b eat cared ea or betors.the dots specilfed-ice the notice, Leader at Leader's option stay declare a8 of the sans secured by
<br />Ih6 Mortgaps to be y doe trod pyable whhoat fetcher de®sad sod may foreclose by jadkial proceeding. Lender
<br />shag he eaWled he collect Isr each proceedtag aM eayrtasa at toreclosnre, {acla~, bat sot BmNed to, torts of docameahry
<br />evideees, aber2eticR sad two rsporCs.
<br />1$. 1Berrorre~s ~t tri Bsiaatyts. Notwithstattding Lenders acceleration of the sums secured by this Mortgage,
<br />BattLawer shall have [Ire right to have arty pror~dirsgs tttgun by Leniler to enforce this Mortgage discontinued at any time
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