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<br />Lenuler's written agravnent ar appt:cabl~e law. Borrower stroll pay the amrtrm of all mortgage insurance pxerttiuttrs ir, xhs
<br />manner provided under paragraph 2 hereof.
<br />Aay amounts disburstd by Lender pursuant to ilti3 paragraph 7, with inurest therttxs, shad bex;o:rt additianai
<br />indebtedness of Borrower secut+ed by this Mortgage. Unless Borrower and Lender agree to a'iher terms of payment. vsh
<br />atnaunts shall be payable upon aotitx from Lender to Borrower requesting payment thereof. and shall bear interest from the
<br />date of disburserreent at the rate payable from time W time on outstanding principal under the Note tmtess paytrtertt of
<br />interest at torch rate would be tprrttary to applicable taw, in which event such amoams shah bear ineerest at the highest rate
<br />pt:rtniutbk under applicablo law. Nothing contained in this paragraph 7 shall require Lender to incur any ezpertse ar take
<br />aay action hereunder.
<br />& Isnpectbu. Lender may make or cattle to be made reasonable entries upon and inspections of the Property. provided
<br />that Lander shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lrnder's
<br />interest in the Praperty.
<br />9. Condemrratbn. 'The procceds of any award or claim for damages. direct or conseq•.rential, in connxtion with any
<br />condemnation or ether taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned
<br />and aha11 be paid to Lender.
<br />In flee event of a total taking of the Property. the proceeds shall be applied to rho sums secured by this Mortgage.
<br />with the excess, if any, paid to Borrower. Sn the event of a partial taking of the Property, unless Borrower and Lender
<br />otherwise agree in writing, there shall be applied to the sums secured 6y this Mortgage such proportion of the proceeds
<br />as is e_n::at to thgt nrnmrtinn wt•.irfi fkn ~renun: n, :}.n r.:mc ~rs:rx_ 4v rh7~ MnnTgP : _ a;_r.1y .. .. A,e Aete ..r
<br />Lakin bears to the fair market value of the Pra ,,tier t_
<br />g perty immediately prior to-the date of taking..with the baloace of the proceeds
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower, or if, after notice tsY Ixnder to Borrower that the condemnor afft:rs to make
<br />an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date such notice is
<br />mailed, Lender is authorized to collect and apply the procceds. at Lender's option, either to restoration or repair of the
<br />Property or to the sums secured by this Mortgage.
<br />I)n125S Lender and BOrrOwer Otherwise agree in u~ri[jng any c_uch annlirarinn of pr~r~v#e ton oat abort not extelyd
<br />ar postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof orschange the amount of
<br />such ins4allments.
<br />10. 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 manrrer,
<br />the iiabiliiy of the original Borrower and Borrower's successors in interest. Lender shalt not be required to commence
<br />procced'engs 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 made by the original Borrower and Borrower's successors in interest.
<br />11. Forbearaase by Letrder Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy.
<br />The procoremenf of insurance or the payment of taxes 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. Remedies C~ahNF-e. AlI 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 concurrently, independently or successively.
<br />13. Sacesssors and Assign Boosd; Joint and Several I.iabBlty; Captloas. 77re covenants and agreements herein
<br />contained shall bind, and the rights hereunder shall inure to, the respective successors and assigns of Lender and Borrower,
<br />subjeM to the provisions of paragraph 17 hereof. All 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 far any notice required under applicable law to be given in another manner, (a) any notice to
<br />Borrower 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 requested, to Lender's address stated herein or to
<br />such othee addre~ 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 designates herein.
<br />1S. Uniform Mortg~e; Governing Law; SeveraMBty. "This form of mortgage combines uniform covenants for national
<br />use and non-uniform wvenants with limited variations 6y jurisdiction to constitute a uniform security instrument covering
<br />real property< This Mat4gage shall be governed by the law of the jurisdiction in which the Property is located. Ia the
<br />went That any provision or clause of this Mortgage or the Note conflicts with applicable law, such conflict shalt not affect
<br />other pravrseons of this Mortgage or the Note which can be given effect without the confliMing provision, and to thi
<br />end the provisions o€ the Mortgage and the idols are declared to be severable.
<br />16. Borrower'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 />1?. Transfer of the ]troperty; 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 (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 throe years or 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 shall have waived such option to acxelerate if, prior to the sale or traaafec Lender
<br />and the person to whom the Property is to be sold or transferred reach agrcement in writing that the credit of such person
<br />is satisfactory to Lender and Lhat the 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 Borrower's successor in
<br />interest has executed a written asvttmption agreement accepted in writing by' Lender, Leader shall release Borrower from alt
<br />obligations under this Mortgage and the Note.
<br />If Leader exercises such option to accelerate, Lender shall mail liorcower notice of accekretion in accordance with
<br />paragraph 14 hsreof. Such notice shall provide a period of oat 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 Borrower, invoke any remedies permitted by paragraph t8 hereof.
<br />Note-UNIFORlA Covetvnrers. Borrower and Lender further covenant and agrce as follows:
<br />1R Accslsnrtbn; Rsmedlea. F,acept as provWed in paragraph i7 hereof, neon Borrower's brsach of any rnvesaat or
<br />agrcement of Jsorrorrer in fhi Mortgags, including the rnvenants to pay when due env sums sectrred by thi Mortgage,
<br />Leader pttbr to accekra8on shell ma0 notice to Borrower as provided in paragraph 14 6rreof specifying: (lj the tsreach;
<br />(2j tie actiaa ngaired to sets such breach; (3) a dsNe, toot leas than 30 days from the date the notice i mailed to Borrower,
<br />Try wlicb ouch ~h moat be cured; and (4) that fa0arc to care sack breach an or before the date specified in the notice
<br />may rssalt in rxcelendon of the saws secured by fhi Mortgage, foreclosure by jadicia! proceeding sad sale ~ the Property.
<br />Tire ~afke dsaB fnrther inform Brower of the r1gM to reinstate after accderation and the right to amen in the foreclosure
<br />proems the non-e>deteose of a default or aay other de#eme of Borrower is asceleratioo and forcclosnre. If the breach
<br />i rot etseetD on or 6eforre the date speci';+ed in the noose, Leer at Lender's option may declare all of tle soma cured by
<br />ifib Mort~t to tie immediortdy tint and payable wifhoat furiber demand sad may foreclose by jndisial praceedtog. Colder
<br />~ be setitied to coact ~ aocb proetxdin= aB expemes of forcelosare, inclsdiog, bat trot Bmked to, costs of documentary
<br />evidence, abstrpsi amt title re~orb.
<br />19. Dotrawsts 1Rigitt ~ Rsisstate. Notwithstanding Lender's acceleration of the sxtms secured by this Mortgage,
<br />Borrower shall have the right ro have any proceedings begun by Lender to enforce this Morgage discontinued at any time
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