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Lender's written agreement or applicable law. Borrower shall pay She 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 interes: thereon, shall vecame additional
<br />indebtedness of Borrower secured by this Morigaee. Unless Borrower and Lender agree to ether tetras of payment, such
<br />amounts shall be payable upon notice from Lender [o Borrower requesting payment thereof and shad 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 contrary to applicable law, in which event such amounts shall bear interest at the highest rate
<br />permissible under applicable law. NMhing contained in this paragraph 7 shall require Lender io incur any expense or lake
<br />r°i~ any action hereunder.
<br />,~~, 8. fnspeetian, Lender may make or cause to be made reamnable entries upon and inspections of the Property, provided
<br />left the[ Lender shalt give Borrower notice prior to any such inspection specifying reasanable cause therefor related to Lender's
<br />interes[ in the Property.
<br />~.d 9. Conderntiallon, 73ie 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 far rnm•eyance in lieu of condemnation, are hereby assigned
<br />and shall be paid to Lender.
<br />Itt the event of a latest takin¢ of the Property, the prxeeds Shall be applieel to the sums secured by this 3tnrtgage.
<br />~ wiIh the excess, if any, paid So Barrower. In the event of a partial taking of the Properq•, unless Barrower and Lender
<br />n otherwise agree in writing. there shall be applied to the sums scarred by this Margage such proportion of the proceeds
<br />as is equal to [hat proportion which the amount of the sums secured by this Martga¢e 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 b}' Borrower- or if. after notice he Lender to Borrower that the condemnor offers to make
<br />an award or settle a claim for damages. Borzawer fails to respond to Leader within 30 days after the date such notice is
<br />mailed. Lender is authorized to collect and apph• the praceeds, at Lendei s option, either to mtoration or repair of the
<br />Propem• err to the sums secured by this Mottgagc.
<br />Unless Lender and Borrower otherwise agree in w~r'.ting. any such applicatian at proceeds to principal shat] oat extend
<br />or postpane the due dale of the monthly iristatlmeats referred to in paragraphs 1 and 2 hereaf or change the amount of
<br />such instalitrirnts.
<br />10. borrower Not Rdered. Extension of the time far payment err modification of amortization of the sums secured
<br />by this Mertoaae granted bv_ Lender tr any c.~,-~ccnr in int~r~eU of Enrraw~r shall not one_rate to release, iss any tttartne[-
<br />ihe liability of [he original Borrower artd Borrower's successars in interest. Lender shall oat he required to commence
<br />proceedings againsf such successor err refuse to extend time for paymrnt or otherwise modi#} amortization c+f the stems
<br />secured by this Mattgage by reason of any demand made b} the original Barrower and Barroweis successors in interest.
<br />I1. Fori~_-e by Lender Nat a Waiver. Am torhearance b} Lender in exercising an} right or remedy hereunder, err
<br />othezaise afforded by applicable law, shall trot be a waiver of or preclude the exercise .:f any such right or remedy.
<br />"llie procurement of insurance or the payment of taxes or ether liens err charges by Linder shall not be a waiver of Lender s
<br />right to acreletate the maturity of the indebtedness secured by this Morgage.
<br />22. Resedles C~ainfvs: .411 remedies provided in fhis Mortgage sre distinct and cumulative to anv_ ether right or
<br />remedy under this Mortgage er afforded br law or equii}~, and may be exercised cancurrentty. independently err successively.
<br />13. Sreeessots lid :lslEas Board; Jane sod Several i.isbaity; Csptfiois. 71ie covenants and agreements herein
<br />contained shall bead, and the rights'±ereundei shall inure to, the respective successors and atsigns o: Lender and Bottnwtr,
<br />sabject to the provisions of paragraph 1? hereof. .Ali „ovenants and agreerrients of Borrower shall 6e faint and several.
<br />'Cho captions and headings of the paragraphs at this Mortgage are for canvcnience anly and arc not to be used to
<br />imcrpret a define the provisions htrwf.
<br />24. Netter. Except for any rioti.•Y required under applicable law to be given in another manner, ter) any swtfce to
<br />Sotrower provided far in this Mortgage shall bt given b}• mailin¢ such notice by certified mail addressed to Borrower at
<br />the Property Address err at such other address as Borrower may designate by notice to 1_ender as provided herein, and
<br />tbl am• nrxice to Lender shall be given by certified mail, rc[um receipt requested, is Lenders address stated herein err to
<br />such other address as Linder ma} designate by naticc to Borrower as prorided :`terein. .Any notice pmcideti feu in this
<br />Mortgage shall be deemed to have rteert given to $orrower or Lender when ¢iven in the manner designated herein.
<br />f5. Udtotr !NoRtat;e; Goveriie8 Lax: Severabllih. lliis farm of mortgage combines uniform cav-enants far national
<br />toe acrd ticet-uniform cavertanL= with .invited variations by jurisdiction io t:enstitutc a uniform secv:;ty instrument emering
<br />teal ptngerty. This ?iorigage shall be gavemed by the law of the jurisdiction in which the Property is located- in the
<br />event that any provision err [Luse of this Mortgage err the Note carsflicts with applicable law, such conflict shall not aflec2
<br />ot3xs txrnisions of this Martaaee or the Note which can tx eiven effort without the conflictine provision, and to this
<br />aid the t'~.avisians of 21# Morgage and tbe talc are derla.-ed fo he s<s.*crabk. ~ .
<br />4L batirewcts Capr. Sorroaer shays he furnished a conformed tt+pv of thr Notc and of this Mortgage at the tirrre
<br />of uerutioti or after recordation hereof.
<br />17. 7sarafcr of fie Tsoraty; Aaomption. 3f elf err any part of the Praprm- or an interest therein is sold or Iransfterred
<br />by BorrowTyer without Lsr~r's prier w•tiacn consent, excluding .a3 the rrcatis+n of a litn or mcumbrarr a subordinate is
<br />this IAortgage. {bl the oration of a purchase mane serurin interest far household appliances. tcl a transkr bp• devist,
<br />dtsttat err by nperatian of !aw upon the death of a ;Hint tenant or td~ the grant of any lcasehald interest of three years or less
<br />otu amiaining as aptiorr tt+ purchase. Lender may, at Lender's olsti m, Aare all the runts soured by this Mortgage to be
<br />itntotdiateh due attd payable. Lender shall haze warvtd such i;ptian to a:-ce3erate ii, prior to iht sale or transfer. Len~r
<br />tad the person to whom the Prtyrcny is to be sold x transferred rrarh agreettxnt in writing that the credit of such person
<br />h sadsfact3;-: tp Cooties ate:. that ctrl tr7retESt I'rliyab;c on ehc sums stwutcd b. this Marigag. shalt br at sitc`tt rate as Lender
<br />shalt regtust. If Lender hat wL=yeti She option to arreksatt pros-ided ;n this paragraph 37. and if Rorrowtt's successor in
<br />interest has rsecttted a writtrts aastt¢spt~xa agrretzsetit s:cxptcd in writing !n Leader. Lender shall release Borrower from alt
<br />obiiiuions under this Mort6agc and the Note.
<br />Tt Lender txercises such optisxi to sc.•+ekrate. Lender shah mail $rrrowtr nati_e of acrelerationsn acrnt•durce with
<br />para;nph to hetmf. Suur• natitx shat! pros~~ a pr,~esi c?f rxu less ih~n xLt days from fht date the nutlet is maned within
<br />which Borrawtr rruy pay thr sums rltclarcd dot. I' BeRawer tarts =o pay such sums prier tt ttte expiralian of such period,
<br />Leadu may. withaw further mice err dcmaad t=rt ~rraavtr, tnvr~e try rrmcd~c permi*.ted 'by paragraph F 8 hereof.
<br />Mott-Uxt3~ss CAVt:ttsta°rs. Barrower and Lsadct furthu xverant and agra as follows:
<br />It ACeillY~taC Farept ! ~re+ridld ii I i hdlle0ff, n196 baPYQMIIf iftf?'i Of /1aY C9YiniNt Of
<br />!d berro+ea i• t!~ 1Mer1~e: tit ca+ernuttl 18 pay wilq tiro tl\- tRtaa tteseed by tilt Mortg~e.
<br />Larder peter ie ieaclerit}ei iii! t~ nc:+et w ftoaiwtr as pre•idd ~ prsErap6 !• 6eeeod 'yam; tt? tfte bnacb;
<br />(2} fie atllii rgiiea i ee ttt~e elect irk {3) a ttsfs, nM leas tkm JQ ~tys froo tie late tic notlce is nnBed to borrower.
<br />il' wftid itti lresiei oe 4 cae~ sd {#y Up fibire to [tie sre# Mricb es err before tlr dssc speefied is tie ioftce
<br />nap eisalt is acteietafiaii of tie tires melted bf tits Mert:aEe. feroclowrc i7 jidiciif praeeeitig red sik ~ die hopeaty.
<br />T'is lattice altsb ftetier ilfis btretrwar td the rf{~t b refit tditax aeten aid tic rlb# r atiert ii tie fmrelosare
<br />fie ate i tlt er ~5 trtiv tirdaaie of liprtatwt-3' to sce+slmniai asd '€oleciacire. II tie brtx$
<br />lit tad Yi Q btiim tie title i tit ia~Ce, Lende7 ~ Leidet's liijr ttechlre r~ d< lit accnred bV
<br />lift fO be lrradfitdy Brae tad piyiiir wttloN fsrtier deriid and ray fottc{ise by jrdicisi proreediag. Lender
<br />i~ ba fi CefiCCl li side plaC'C~ all t:peases of foreeiawte, tidnelit~g, bat not ltd ter, cods of docnrtntar3,
<br />YW'icls rte tl6e
<br />1*. 'aat<eteet's b~ht is BrLakitr. Notwithstanding Lender's acceleration of the sums secured by this Mortgage,
<br />$ortvwer shsB h:ve tie right so have airy ptviceodiags ixgun by tender to tnforce this Mortgage diuontinued ai any time
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