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<br />Lender's write ~ abreemen[ or applicable taw. Borrower shall pay the amount of all mortgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />Any amt~7nis 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 ether terms of payment, suc}t
<br />amounts shaii be payable upon notice from Lender to Borrower requesting payment thereof, and shall bear interest from the
<br />date of disbursement a[ the rate payable from time to time on outstanding principal under the Nate unless payment of
<br />interest at such rate would be contrary to applicable law, in which event such amounts shat) 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 />any action hereunder.
<br />- 8. Itrsptct~a. Lender may make or cause in be made reasonable entries upon and inspections of the Property, provided
<br />that Lender shall give Borrower natice prier to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />9. Cotedemaafbn. 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 pan thereof, or for conveyance in lieu of condemnation, arc hereby assigned
<br />and shall be paid to Lender.
<br />In the event of a iota) 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 shalt be applied to the sums secured by this Morteage such proportion of the proceeds
<br />as is equal to [hat proportion which the amaunt 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 ro Lender within 30 days afrer 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 6y this Mortgage.
<br />linters Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend
<br />or postpone the due date of the mon[hlY installments referred ro in paragraphs) and ?hereof ar change the amaunt 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 grouted by Lender to any successor in interest of Borrower shall oat operate ro re!ease, in any manner.
<br />fire iiabiiity of the original Borrower and Borrower`s successors in interest. Lender shat) not be inquired to commence
<br />proceedings against such successor or refuse to extend time far payment or otherwise modify amortization of the sums
<br />secured by this Mortgage by reason of any demand made b}' the original Borrower and Borrowers successors in interest.
<br />Il. Farbearanee by Lender Nof a R'aiver. Anv forbearance by Lenc:er in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable law, sha}1 not be a waiver of er preclude the exercise of ar•• such right or reined}'.
<br />The procurement of insurance or the payment of taxes ar other liens or charges by Lender shall not be a waiver of Lender s
<br />right [o accelerate the maturity of the indebtedness secured by [his Mortgage.
<br />12. Rertxdits Camalatire. All remedies provided in this Mortgage are distinct and cumulative to any ether right or
<br />remedy under this Martgage or afforded by law ar equity, and may be exercised concurrently. independentiv or successively.
<br />13. Successors and Assigns Bound; 3oint and Several i5abt7ity: Captions. The covenants and agreements herein
<br />contained shalt 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. All covenants and agreements of Borrower sha)1 be joint and several.
<br />The captions and headings of the paragraphs of this Mortgage are far convenience only and are no[ to be used to
<br />interpret or define the provisions hereof.
<br />14. Notice. Except for arty notice required under applicable law to be given in another manner, la) any notice to
<br />Borrower provided for in this Mortgage shat) be given by mailing such natice by certifed 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 shall be given by ceriified mail, return receipt regtitxted. to Lender's address stated herein or to
<br />such other address as Lender may desi¢nate b}• notice to Borrower as provided herein. Any notice provided far in this
<br />Mortgage shall be deemed to have been given to Borrower or i_ender when given in the manner designated herein.
<br />15. Uniform Mortgage; tsoverning Law; Severabr7ity. This farm of mortgage combines uniform covenants for natianai
<br />use and non-uniform. covenants with limited variations by jurisdiction to constitute a uniform security instrument covering
<br />real property. This Mortgage shall be governed by the law of the jurisdiciian in which the Property is located. In the
<br />evens that any provision or clause of this teiortgage or the Note conflicts with applicable law, such conflict shall not affect
<br />other provisions of this Mortgage ar the Nate which can be given effect without the conflicting provision, and to this
<br />end the provisions of the Mortgage and the Note are declared to bz severable.
<br />16. Dorrawer's Copy. Borrower shalt be fnrnishzd a conformed copy of fhe Note and of this Mortgage at the time
<br />of e[ecution or after recordation hereof.
<br />i7. '1'ramfer of the Property; Assumption. 3f ail or any part of the Property or an interest therein is sold or transferred
<br />by Borrower without Lender's prior written consent, excluding fa) the creation of a lien or encumbrance subordinate to
<br />this Mortgage, (b) the creation of a purchase money security inta-est far household appliances, (c) a transfer by devise,
<br />descent or by operation of low upon the death of a joint tenant or Ida the grant of any leasehold interest of [firee years or less
<br />not containing an option to purchase, Lender may. at I_endar's option, declare ail the sums seeured by this Mortgage to be
<br />immediately due and payable. Lender shaii have waived such option to accelerate if, prior to the sale or transfer. Lender
<br />and the person fa whom the Property is to be sold or transferred reach agreement in writing that the credit of such person
<br />is satisfactory to bender and that the interest payabte an the sums secured by this Martgage shall be ai such rate as Lender
<br />shat. tryuest. If I_ettder has waived itte option in aceelzratz provided in this paragraph l7, and if Borrower's successor in
<br />intetrs4 bas executed a written assumption agreement accepted in writing by tender. Lender shall release Borrower from ail
<br />obiigatians under this Mortgage and ffie Note.
<br />If Lender extrcises such option to acceleratz, Lender sha0 mail Borrower notice of acceleration in acrnrd-ance with
<br />paragraph l4 hereof Such notice shaii provide a period of not less than 3C7 days from the date the notice is mailed within
<br />which Barrasrer may pay the sums declared due. Tf Borrower faits to pay such sums prior to the expiration of such period,
<br />Len~r tray, without further notice ar demand nn Borrower, invokz any remedies permitted by paragraph 18 hereof.
<br />Ns>*t-Uuttroftta CovataerrTS. Borrower and Lender further covenant and agree as fallowst
<br />1$. Aeeefer Rattaedies. Ezttpt as provided in paragraph 17 hereof, upon Borrower's bleach of any covenant or
<br />s of Borrower ie [hh More, iacludim; the covenants to pay when due any sums secured by fhis Mortgage,
<br />Leader ~r b accelerafioa shall mt~ natice to Borrower as provided in parograph 14 hereof specifying: (I) the breach;
<br />iZl fie aclim regaieed to eare wdt breach; (3) a date, rust kss than 30 days from the date the notice is retailed to Borrower,
<br />by tairleh welt breach mast be awed; and (4S that iaiture to cure such breach on or before the date specified in the notice
<br />may retrit is aceeleratiQa of the sums seemed by his Mortgage, foreclosure 6y judicial proceeding and sale of the Property.
<br />11re aoflte s6~1 farther itaform IIorrc.wer of Etu right fo eeinsfate after acceteraiion and the right to assert in fhe foreclosure
<br />ItrecaerlMg the. aua-exbteace ad a drtaaM or any other defense of Borrower to acceleration and fot~clasure. if the breaeh
<br />~ tarot carted tx iw befrtse the dt~ spetdied ~ t~ irotIee, t.e$der at Let~ePs option may declare aB of tbt sums retired by
<br />th6 Mortt>pge to be imtnedhlRely doe sad payable witlwat further demand and may foreclose by judicial proceeding. Lender
<br />be entitled to eaikct is sreh proccedlag aB e><peoses of foreclosure, including, but not Broiled io, costs of documentary
<br />evideeee, abstracts and title t+zportc.
<br />19. Borrower's RfBht to Reinstate. Notwithstanding Lender's xceleration of the sums secured by this Mortgage,
<br />Borrower shaii have the right to have any prceeeditigs txgun by Lender to enforce this Martgage discontinued at any time
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