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<br />L.ender's written agreement or applicable law. Borrower shall pay the amount of alt mortgage insurance premiums in the
<br />manner pt'ovidzd 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 [his Mortgage. Unless Borrower and Lender agree to other terms of }:ayment, such
<br />amounts shalt be payable upon notice from Lender to Borrower requesting payment thereof, and shad bear interest from the
<br />dafe of disbursement at the rate payable from time to time on outstanding principal under the Nate unless payment of
<br />interest at stun rate would be contrary to applicable taw, in which event such amounts shall bear interest at the highest rate
<br />permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />xny action hereunder.
<br />8. itrspeetton. Lender may make or cause to be made reasonable entries upon and inspections of the Property. provided
<br />that Lender shall give Horrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />9. Coademnallrrn. The proceeds of any award or claim for 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 rite event of a total taking of the Property, the proceeds shalt be applied to the sums secured by this Mortgage.
<br />with the excess, if any, paid to Harrower. in the event of a partial taking of the Property, unless Borrower and Lender
<br />otherwise agree in wri€ing, 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 valor of the Property immediately prior to the date of taking, with the balance of the proceeds
<br />paid to Harrower.
<br />1f the Property is abandoned by Borrower. or if, after notice by Lender to Borrower that the condemnor offers to make
<br />an award or settle a claim for damages, Boaower faits 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 ogee in writing, any such application of proceeds to principal shall not exlend
<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 />1Q. Borrower Not Released. Extension of the time for payment er modificatitm of amortization of the sums secured
<br />by this Mortgage granted by Lender to any successor in interest of Banower shall not operate to release. in any manner.
<br />the iiabiiity of the o~zginai °aorrtwcr and Bvrrawer's sucezsso~s in ifltcrest. Lender snail n- ixn .cquiicd Y - „~.,«
<br />proccedings against such successor or refuse to exten3 time for payment nr otherwise modify amortization of the sums
<br />secured by this Mortgage by reason of any demand made by the original Borrower and Borrowers successors in interest.
<br />il. Forh~ce by Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />odrrwise afforded 6y applicable taw, shall not he a waiver of or preclude the exercise of any such right or remedy.
<br />The ptocuremtnt of insurance ar the payment of taxes or ether liens or charges by Lender shall not be a waiver of LcndePs
<br />tight to accelerate th*_ tttaturity of the indebtedness secured by this Mortgage.
<br />11 Reme~a Comn4tfve. All remedies provided in this ?vorgage are distinct and cumulative to any other right or
<br />remedy under this Mortgage or afforded by law or acuity. and may be exerrsed concurrently. independently or successively.
<br />13. Snecemas and Assigns Bound; Io"ant and Several Caabiaity; Captions. The covenants and agreements herein
<br />contained shall bind, and the rights heretnder shall inure to, the respective successors and assigns of Lender and Borrower.
<br />subject [o the provisions of paragraph I7 hereof. Ail 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 for any notice required under applicable law to be given in another manner, (al any notice to
<br />Borrower provided far 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 shalt 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 prodded herein. Arrv notice provided far in this
<br />Mortgage shall be deemed to hate bcen given to Borrower or Lender when given in the manner designated herein.
<br />15. Uniform Mortgage; Governing Law; Sevtrahdity. This form of mortgagz combines un3; ,.-~ covenants For national
<br />use and non-uniform covenants with limited variations by jurisdiction to constitute a unifornt security instrument covering
<br />real property. This Mortgage shalt 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 />other provisions of this Mortgage or the Nose which can be given effect u~ithaut the conflicting provision, and to this
<br />end the provisions of the Mortgage and rite Nate are declared to be severebia
<br />lE. Berrovrer's Coin. Borrower shall be furnished a conformed copy of the Note and of this Mortgage at the tithe
<br />of exectttiat or after recordati~ hereof.
<br />17. Treader of the Proitrty; Assamptian. If elf or any part of the Property or an interest therein is sold or transferred
<br />by Borrower without Lendei s prior written consent, excluding (al the creation of a lien or encumbrance subordinate to
<br />this Mortgage, fb) the crracioit of a purchase money security interest for hausehoid appliance. (cl a transfer by devise,
<br />descent ar by operation of ]aw upon rho death of a joint tenant or (d) the grant of any leasehold interest of three years or Tess
<br />nett containing an option [a purchase, Lender may, at Lendei s option. declare all the sums secured by this Mortgage to be
<br />itntaediatcly due and payable. Lender snail have waived such option to accelerate if, prior to the sale or transfer, Lender
<br />and tits 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 Linder and that the iaterect payable on the sums se+:ured by this Itfortgage snail be at such rate as Lender
<br />shag tralttest_ If Lender has waived the option to accelerate provided in this paragraph 1', and if Borrower's successor in
<br />interest has executed a written assumption agrrtttent accepted in writing by Lender, Lender shall release Borrower from all
<br />ohdigations under tins Mortgage and the Note_
<br />If Lratder exerci~s etch option to accelerate, Lender shall marl Bo:rower halloo of acceleration in accordance with
<br />paragraph l4 hereof. Sucit notice shalt provide a period of oat less than 30 days from the date the notice is marled within
<br />witch Borrower may pay the sums dxiared tine. If Borrower fails io pay such sums prior to the expiration of stub period,
<br />Leaekr tray, wiihaut further notice or deanatad on Borrower, invoke any remedies permitted by paragraph 1 g hereof.
<br />Now-Uxtt~ttes Covtsxnxrs. Borrower and Lender further covenant and agree as follows:
<br />IS. Aeeeicsatina; Aetsxdies. Bsteit m provided im iemlGnPh l1 hereof, uprsa Borrower's breach of nay covenant or
<br />agsemmeet of Iiiorrower i skis flloetgage, i the rnveaants to lay whrn due any snow srxueed 6y this Morisege,
<br />LtaNer ieior is ar eratiea shed tsoeH aotke to Berrowa as provided in paragraph 14 hereof specifying: fi) the breach;
<br />~} the actlan req_.:ed to cure each bseaclx f3} a date, mi lees then 36 days from the dafe the notice is tootled W Lbrrower,
<br />h3 which arch hvateh mnY 6e eared; earl t4) tMt fairer::o ewe such I>teac6 oa or before tLe date speci5ed in fire twtice
<br />*~D' re~Y fa ~ of the sears secured by this Mortgages foreclmure by ladicid proceeding and sale of the Property.
<br />Tit test3ca shad fWer Ideate Borrower of ibe right to rei!sstate tdkr acaderatbn and the tight to assert hs the forecloeere
<br />psaeeeti;hp the ~ a w any other defetsse of Borrower fa accelerotioa and foreeloaurc. [t the breach
<br />h cot hared on or 6dore the date speddsd hs the rsotFee, Lender u Ltade~a option may declare sB of the <trtffi secured by
<br />tads to 6e due ud payable withtrnt further demand aed may foreclose by judicial praceeditrg. Leodcr
<br />sired ik astltded to oodcet iw arson prleee~eg ad eaieeses d foreclosure, hrclrrding, brit rat lSmHed to. cotda of doeatrrentery
<br />eridaace. ehst:acts aai tide reports.
<br />1'!, llertorra's Blg~rt to qa. Notwithstanding Lender's acceleration of the sums secured by this Mortgage.
<br />Borrower shBU have the tight to have any pt~tediags begun by Lender W enforce this Mortgage discontinued at any time
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