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~~ <br />?~-- ~~~;~1 lei U <br />Camden"s wasttcn agreaneni ar appticalaie law. Borrower she]} psy the axnacrm of a#1 mortgagaspspranoe prnmiunxs in the <br />maatser provided trader paragraph 2 6asof. <br />Arty arttounis diaburned by Ltadcr putsuartt to this paragraph 1. with intcre~ tttrreart, ~.al] beumrt additions! <br />indebtoditets of 8ortower settrred by this Mortgage, Unless Sorrmvcr and Larder agree W other terms of paymem, such <br />amoums shall be payaBle upon notice from Lender to Borrower rogttesting payrrrerst thereof, and shall bear interest from the <br />date of rsement u the rate payable from time to time on otrtstand'mg prittdpal urger the Nate unless payment of <br />interest at such rate would be contrary to applicable law. in which event melt srttotrnta shag beat interest u the higltesi rate <br />perrtri>sibk upder appliable law. Nothing coptaitted in this paragraph 7 shall require Larder to incur any expanse ~ rate <br />arty aetimt hereunder. <br />>t. Iaspectlpo. Lenikr may mate or cause to be made reasonable entries upon attd inspections of the Property. provided <br />that Lender shah give Bottawer notice prior to any such inspection specifying reasonable cause therefor related to Lender*a <br />interest in the Property. <br />9. Ceodeassntlea The proceeds of any award or claim for damages. direct or cottsequmtial, in connection with any <br />condemnation or other rating of tht Property, or part thereof, or for conveyance in lieu of condemnation. are hereby axigrted <br />and shall be paid to Lender. <br />7n the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Mortgage. <br />with the exccu, if any, paid to Borrower. Tn the event of a partial taking of the Property, unless Borrower and Lender <br />otherwise agree in writing. there: shalt 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 imrrtediatety prior to the dui of <br />`taking bears to the fair market value of the Property immediatey prior to the dale of taking, with the balance of the proceeds <br />paid to Borrower. <br />If the Property is abatrdaned by Borrower, or if. after notice by Lemkr to Borrower thu the condemnor offers to make <br />an award or seKle a claim for damages, Borrower fails to respond to Lender within 30 days afer the date srtch notice is <br />mailed, Lender is authorized to crollecY and apply the proceeds, at Lender's optiotr, either to restoration or r+rpair of the <br />Property or to the sutra secured by this Mortgage. <br />Unless Lender and Borrower othetwiu agrce in writing, any such application of proceeds to principal shag not extend <br />or postpatre the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of <br />such installments. <br />18. Eorrower Not Released. Extension of the time for payment or ma:fication 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 mantrer, <br />the liability of the original Borrower and Bottoweis successors in interest. Lrnder shall not be required to commence <br />proceedings 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 />II. I+'orbatrapee by Lerrdu Not a Tyaiver. Any forbearance by Lender in exercising any right or remedy hereunder, or <br />otherwise afforded by applicable law, shall trot be a waiver of or preclude the exercise of any such right or remedy. <br />The procurement 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 />]2. Reoxdks Ct~uTUfre. All 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. 5ucce~ors and Assigns Hopnd; )ohtt apd $eseral Tra6Bity; Captions. The covenants and agreements herein <br />comtained shall bind, and the rights hereunder shall inure to, the respective successors and assigns of Lender and Borrower, <br />subject to the provisions of pazagraph 17 hereof. All covenants and agreements of Borrower shall be joint and several. <br />The captions and headings of lire 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 law to be given in another matmer, (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 isotrower may designate by notice to Lender as provided herein, attd <br />{Et) any notice to Lender shall be given by certified mail, return receipt requested, to Lenders address stated herein or to <br />such other address as Lender may designate by notice to Borrower as provided herein. Any notice provided far is this <br />Mortgage shall be deemed to have bcen given to Borrower or Lender when given in the manner designated barrio. <br />15. Untfotm Mortsage; Carenairq law; Severab8ity. This form of mortgage combines uniform covenants for national <br />try and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrutnent 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 with applicable law, such conflict shall not affect <br />irt'~er provisions of this Motgags or the Nrte vrhich can be givrn effect without the conflicting provision. and to this <br />end the provisions of the Mortgage- attd the 'vote are declared to be severable. <br />16, iorrower's Copy. Hortower shall be furnished a conformed copy of the Note and of this Mortgage at the tirtte <br />of exectnion or after recordatimr hereof. <br />17. Ttrrawfer of the Property; Assumption. If all or any part of the Property or an interest therein is sold or transferred <br />by Borrower without Leri~r'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, tcl a transfer by devise. <br />destxnt or by operation of law upon the death of a joint tenant or (d) the grant of any leasehold interest of three 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 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 and that the interest payable on the sums secured by this Mortgage shall be at such rate as Lender <br />shag regttet. if Lender has waived the option to accelerate provided in this paragraph 17, and if Borrower's successor in <br />interest has executed a writtrn assumption agreement accepted in writing by Lender, Lender shall release Borrower from all <br />obtiguions under this Motgagt and the Note. <br />If Lender exercise such option to accelerate, Lender shall mail Borrower notice of acceleration in accordance with <br />paragraph 14 het+eof. Such notice shall provide a period of not less than 30 days from the dale the notice is mailed within <br />which Borrower may pay the sums declared due. If Borrower fails ro 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 1 g hereof. <br />Nox-Uxt>=otiM Covertnxrs. Borrower and Lender further covenant and agree as follows: <br />18. Aesekratiop; Remed&a Except as provided im paragraph 17 hereof, upon Borrower's breach of any coretuat or <br />atlrament of Borrower fa Hnk Mortgage, including the covenants to pay when due any sums secpred 6y this Mortgst;e, <br />Lwder prig to aecekrat[oa shag-mail notice to Borrower as provided- in paragraph T4 hereof specifying: (1) the breach; <br />{2) tie aatios retjniredte cure such-branch; (3) a date.-not teas than 30 days from the due the notice g mailed to Borrower, <br />by whkh tme6 breach mast be etaed; and {4) that failure to cure such breach ou or before the date specified fa the notice <br />mgroarlf in seeeieratlod of-the snirss secured by this Mortgage, foreclosure by judicial procsedirrg and sale of the Property. <br />The asilee aCaaB further inform Bortorrer of-the rlglrt to rei~tue after acceleration and the night to assert is the foreclosure <br />ptur:t6c_goa-esi6tence of a defspit m spy-other defeffie of Borrower to acceteratiop and foreclosure. If the breach <br />is sat corgi om or before-the dnte aperified io-the notice, Lender at Lender's option may declare all of the sums secured by <br />fhb Mortgage to be itnmedlately doe and payable without further demand and may foreclose by judicial proceeding. Lemler <br />shall be eat~ed to collect in stsch proceeding all expenses of foreclosure, including, but not limited to, costs of documentary <br />evidence, at~raets-sad tlme rcporEr. <br />19: lorrower's Right to RebWata Notwithstanding Lender's acceleration of the sums secured by this Mortgage, <br />Borrower shall have the right to have any proceedings begun by Lender to enforce this Mortgage discontinued 3t any time <br />