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<br />Lender's written. agreement er applicable law. Borrower sfia11 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 other terms of payment, such
<br />amounts shall be payable upon notice from Lender to Borrower requesting payment thereof, and shalt bear interest from the
<br />date of disbursement at the rate payable from time io time on outstanding principal under the P7oie unless payment o€
<br />interest at such rate would be contrary to applicabl: law, in which event such amounts shall bear interest at the highest rate
<br />permissible under applicabk law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />any action hereunder.
<br />& ltsspeetion. 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 io any such inspection specifying reasonable cause therefor related to I-ender's
<br />interest in the Property.
<br />9. Condemnation, 'Ihe proceeds of any award or claim fen damages, 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 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 />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 market value of the Property immediately prior to the date of taking, with the balance of the proceeds
<br />paid io Borrower.
<br />If the Property is abandoned by Borrower. or if. after notice by Lender to Borrower that the rnndemnoc offers to make
<br />an award or settle a claim for damages, Borrower faik to respond m Lender within 30 days after the date such notice is
<br />mailed, Lender is authoriztd to rnllect 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 Leader and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend
<br />er postpone the dtte date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of
<br />such insiallenents.
<br />18. Borrower Not Rele~ed. Extension of the time for payment or modification of amortization of the sums secured
<br />j tl?. +~iv .Page g:aa'-' by Lc. :any i -' -'- rn ineG Cii of Borrower shalt ntti optratt tv ~icase, in any manr>t~r,
<br />the liability of the original Borrower and Borrower's successors in interest Lender shall rant be required to commence
<br />proceedings against such sttecessor or refirse,to extend time for payment or otherwise modify amortization of the sums
<br />secured by this Mortgage by reason of an}• demand made by the original Borrower and Borrower's successors in interest
<br />11. Forbear:ace by Lsnisr Not a Waiver. An}' forbearance by Lender ir, exercising any right or ren;edy hereunder, or
<br />otherwise afforded by applicable law, shalt not be a waiver of or preclude the exercise of an}• such right or remedy.
<br />The pmcurttnent of insurance or the payment of razes or ether liens or charges by Lender shall not be a waiver of Lender's
<br />right m accelerate the marurity of the indebtedness secured by this Mortgage.
<br />12. 13 C®taLfive. Ail remedies provided in this Mortgage are distinct and cumulative to any other right or
<br />remedy under this Mortgage or afforded by law or equal. and may he bzercisrd concurrently. independently er successively.
<br />13. Soccezsers slid Aaigas Boavd; Joint and Several [aabiBty; Captions. T7re covenants and agreements herein
<br />tovtained shag hind, and the rights hereunder shalt 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 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 />imerpret or define the provisions hereof.
<br />ii. Notice, Hxcept for 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 msii addresud to Borrower at
<br />the Propem~ Address or at such other address as Borrower may designate b}• notice to Lender as provided herein, and
<br />(b) any notice to Lender shall be givrn by terrified mail. return receipt requested, to Lenders address stated herein or fo
<br />such other address as Lender may designate by noti~^t to Borrower as provided herein. .Any notice provided for in this
<br />Mortgage shaft be deemed to have been given to Borrower or Lender when given in the manner designated herein.
<br />15. tisitform Mortpge; GoversJne Lsw; Severabpfty. 'ibis form of mortgage combines unifo:m covenants for national
<br />use and noes-uniform covenants with limited variations by jurisdiction m cormitute a uniform security instrument covering
<br />teal ptoptrty. 'Ibis Mortgage shag be governed by the law of the jurisdiction in which the Property is located. In the
<br />even that any provision or clause of this Mortgage or the Note ecnflicts with applicabk law, such can@ict shag not afftet
<br />other provisions of this Mortgage or the Note which tan be given effect without the conflicting provision, and to this
<br />erid the provisions of the Mortgage and the Neste arc declared to be severable.
<br />1t6 Batrerwer'z Copp. Borrower shat! be furnished a conformed copy of the Nott and of this Mortgage at the time
<br />of taecurion or ahcr recordation beroof.
<br />17. Trzrfer of the Pre~perEy; Assampeoa. If all or any part of the Property or an interest therein is sold or transfernd
<br />by Borrower without Lenders prior written consent, excluding (a} the creation of a lirn or enetrtrtbrance subordinate to
<br />this Mortgage. tb) the creation of a purchase minty security interest for household appliances, (c) a transfer by devise.
<br />descsat or by operatioa of law upon the death of a joint tenant or (d) the grant of any leasehold inteteat of three }•tars or less
<br />not ccxrtaiairrg an option a purchase, Lender may, a: lxr•.der's option. declare all the sums secured by this Mortgage to be
<br />timratdiairJy due and payahk. Lender shall have waived such option to accekrare if. prior to the sale or transfer. Lender
<br />aid the person ro wham the Property is to be sold or tta*rsferred reach agreement iv writing that the credit of such person
<br />is satsfaetory to Lender anti that inc iateteat payable un the sutras scoured by ibis Moi4gagt `shall bt ai aueh laic as Lender
<br />3ha11 regtrtat. if Lender bas waived tlar option to accelerate provided in th"rs paragraph 17, and if Borrower's successor in
<br />interest. has executed a written assumption agreement accepted in writing by Lender, Lender shall release Borrower from all
<br />obligatitms under Lhis MortgaBc aid the Nee,
<br />If Lender exercises such option to acceerate, Lender shall mail Borrower notice of aaekration in accordance with
<br />paragraph 14 hereof. 'bleb notice shag prwidc a period of not 3ess than 30 days from the date the notice is mailed within
<br />which Borrower may pay rbe sums declare! due. If Borrower fails >.o pay such sums prior to the expiraeion of nrcls period.
<br />Lender racy, without further nolict cr demsrxi on Borrower, invoke any remedies permitted by paragraph 1 g hereof.
<br />Next-UtltPOteat CavErtetrrs. Borrower amt Lender further covenant and agtst as follows:
<br />18. Acceleatlsm Reaedfe+. Bzeept ac ppawvidei ire paragraph 17 6ercnf, epos Borrewer's bnac- of nay eoveaaat or
<br />npeaaaent ad Ferrer ' i cis hloatprR, imchsrBtg the eovenarrb to pay whoa dx aey snms zecarsd by this Mortgtrge.
<br />Crater psiar ~ act ahai net( rratlce to Borrower as pmriied In pmagraplr 14 hereof 4aHyla+g- il) the beach;
<br />{2) ere seltha r~ M crer ~ breach; {3) a date, not bras than 7® days from fire date the notice is maikd to Borrower,
<br />hs eiieb sack hteae# aatrt be eserk alai (4) eel ~~ to esre srrch breach oa or bdon eae Bats is tbs notles
<br />ins! nsak >V of qre wus sewed by tt~ Rforfggs, torxciasars by f adkial Procesdiog aei sale of tlm Property.
<br />The aatlro f h$ase > ~ the right to rciastate sftsr aeeslstmies and fire right to assert is the forecbeare
<br />proeeeiatj tie nnassiinee oI a dritanit or nay ocher defense of Borrower to accderatba and foreciosnn. li the breach
<br />ins nut cored a er befasc the ds~ apeeiiei ~ the notice, Leader m Leader's option may declare aB ~ the soma searrtd by
<br />Wla b be hrsne~atdJ drrs sad psryabk rrehem Farther demand aed may fonciase by jndkid PwreediaL. Lender
<br />sbtB he aptiUed b taBeCt b snE6 aB experatea of forsciosen, tacladbag, but not thmked to, costs of decameutary
<br />avideaca. abatraels raid ti0a
<br />19. )setzowaey ~ to Behatase. Notwithstanding Lender's acceleration of the sums secured by this Mortgage,
<br />Horzowetr shag have the right to have nay procetdiags begun by Lender to enforce this Mortgage discontinued a[ any time
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