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<br />Lenders written agreement or applicable law. Borrower shall 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, shalt become additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment, such
<br />amotmts shall be payable upon notice from Lender to Borrower requesting payment thereof, and shall bear interest from the
<br />date of disbursement at the rate payable from time to time on outstanding principal under the Note unless payment of
<br />interest at such rate would be rnntrary to applicable law, in which event such amounts shall bear interest at the highest rate
<br />permiss2le under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />any action hereunder.
<br />8. Inspection. 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 to any such inspection specifying reasonable cause therefor related to Lenders
<br />interest in the Ptroper"ty.
<br />9. Coademaatba. i rte 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 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 eo Borrower. In the event of a partial taking of the Property, unless Bormwer and Lender
<br />otherwise agree in writing, there shall be applied to the sums secured by this Mortgage such proportion of the pra-eeds
<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 to Borrower.
<br />If 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, Borrower fails to respond to Lender within 30 days after the date such notice is
<br />mailed, Lender is authorized 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 />Uakss Lender and Borrower otherwise aoatet in writing. any such application of proceeds to principal shall not extend
<br />or postpone the due date of the rnonthly installments referred to in paragraphs t and 2 hereof or change the amount of
<br />such installments.
<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 sttcccssor in interest of Borrower shall not operate to release, in any manrxr,
<br />the liability of the original Borrower and Borrower's successors in interest. tender shalt not be required to comrnence
<br />proceedings against such successor or refuse to extend time for payment or othertise modify amortization of the sums
<br />securer! by this Mortgage by reason of any demand made by the original Borrower and Barrawer s successors in interest.
<br />11. 'Fetr6eataect by haler Not a Waiver, .Any forbearance by Lender in exercising any right or remedy heretnder, or
<br />otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy.
<br />'IIte proatrrement of iusurantt or the payment of taxes or other liens or charges by Lender shall not be a waiver of Lendtrs
<br />right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />12. Remedies CesmtilaNve. All remedies provided in this Mortgage ate 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. Stteeesots atsd Ariens Bottnd; .imbed and Several I.iahiBty; Captions. 71te covenants and agreements herein
<br />contained shag 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. Ali covenants and agreements of Borrower shat! be joint and several.
<br />'the captiaas aced 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 />I4. Nettke. Excxpt for any notice requ'trtd under applicable law to be given in another manner, fa} any notice to
<br />Borrower provided far in this Mortgage shall be given by mailing such notice by certified mail addressed to Barrawer at
<br />the Property Address or at arch other address as Borrower may designate by notice to Lender as provided herein, and
<br />(b) any notice to Leader shall be given by certified mail, velum receipt requested, to Lender's address stated herein or to
<br />such outer address as Lender may designate by notice to Borrower as provided herein. Any notice provided for in this
<br />Mortgage shall be daettted to have been given to Borrower or Lender when given in the manner designated herein.
<br />13. Uniform Mortgage; Goveraisg Law; Severab$ity. This farm e# mortgage crombines uniform covenants for national
<br />ttse and tom-uniform covenants with limited variations by jurisdiction to constitute a unifcrnt security instrument rnvering
<br />real property. 7ltis Mortgage shall be governed by the law of the jurisdiction in which the Propertv 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 affeM
<br />other provisions of this Mortgage or the Note which car, rte given effect without the conflicting provision, and to this
<br />cetd tix provisions of rite Mortgage arsd €he Note are declared to rte severable.
<br />1tL lonvwer's Copy. Harrower shalt be furnished a conformed copy of the Note and of this Mortgage at the time
<br />of execution or after rxordation hereof.
<br />17. Ttasmfar ~ the 1?rapetty; Assn®ption. If all or any part of the Property or an interrst therein is said or trattsferrerl
<br />by Borrower without Lenders prior written convent. excluding (al the creation of a lien or eneermbrattct subordinate to
<br />this Mortgage, fb) the creation of a purchase motley security interest for household appliances, {c) a transfer 6y devise,
<br />tfesmat or by operation of law upon the death of a joint trnant or felt the grant of any leasehold inteteat of three years or Itss
<br />urR wntaining an option to purchase, Lends may, at Isnder's option, declare all the sums secured by this Mortgage to be
<br />immediately due and payable. Lender shall have waived such option m accelerate if, prior to the sak or transfer. Lender
<br />and the ptnsotr to w6tart the Property is to be sold or transferred reach agrcetnrnt in writing that the credit of such person
<br />is satisfactory to Lander and that ttte interest payable an the wins secured by this Mortgage shall Ix at such rate; as Letter
<br />sIta21 rngttest. If Leader has waived the option to accelerate provided in this paragraph t7, and if Borrower's serccesaor in
<br />irtterex has eatxuted a written tessumptian agreement accreted in writing by Lender, Lcndcr shall release Borrower from all
<br />obliga~ems trader this Mortgage and rite Nate.
<br />If Lender exercises such option to accelerate, Lender shall mail Borrower notice of acceleration in accardartce with
<br />paragraph I4 herrnf. Such notice shah provide a period of not Irss than 30 days from the date the notice is mailed within
<br />v+hich Borrower may pay the stints dodared due. 1f Borrower faits ro pay such sums prior to the expiration of such period,
<br />Leodu tsay, withan furilmr notice ar demand on Borrower, invoke any remedies permitted by Paragraph 18 htrtof.
<br />Nit-I7tatt~ee CovexArtrs. Borrower a~ Leader further covenant and agrce as follows:
<br />f3 !~ Rya. Eat m lid ~ paragraph 17 taertof, epos Borrower's btraeh of any tetvesasi ex
<br />» sf Derretser •. Ws Matra, iscladlag the corewab to pay Wien doe :Hy sums seemed by lib Mortgage,
<br />lisaisf pttiaa b atxaidadss dstt$ atoll ttotfee to Borruwu m provtlled in p>Qntgrspb 14 bereof spacifyittg: (1) tie breacb:
<br />(2' f14 ae6ea eegsisi !s ~ oei breack t3) a date, trot has ~ 3I® Sys fry tthe daft the tro8ce is rsaNed to Borrower,
<br />by tteiiei web iraureb-mast lbe coral; aid {<) riot fatlme ~ eme rash bread oa or before Wt date epecit;cd fa the aotice
<br />envy etaftp ba sra~atlfa at the stem solaced by tills Mnt, forceloame by jtrdlr#d prottedireg sad sale d tie Property.
<br />~i 'ba aaiiee fish [attber ia[esm Eetrnwrsr of tit right to reie~te actderaHoa ~l thx right to assert in !ix forscioaare
<br />p~vt~ tie aoa~eftitEeate of a ldwk or wy otter debase of 16anowa to accekratioa sad Poreefosune. tf the breach
<br />Ir oat owed o• os 6dose tlix dtttt spe.~ bt t6e entire, Itnler at 1[.etrdePs option easy dtelsre dl of tie stints secured by
<br />Ws is bt y nave sad payable wMioot ftvtiter 8eatand aed may forecbse by jad:cial proeeedlrtg. Lender
<br />ttbs8 be eatbled !o collect bs Rci praceodiseg s0 ercpeases of forcrloanrc, ioelad6~, but trot Bmked to. coda of docameabry
<br />etrideaee, fis,trscb sad relic tepoetr.
<br />29. lesrowetrs ~ to ~~~~ Nottvithnaading Lender's acceleration of the sums soured by this Mortgage,
<br />Botroirer shall have the ri~rt to-have any proceedings begun by Linder to enforce this Mortgage discontinued ai any time
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