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79-UU935:i Lender's written agreement or applicable law. Borrower shalt pay the amount of alt mortgage insurance premiums in the manner provided under paragraph 2 hereof. Any amounts disbursed by Lender pursuant to this paragr~.ph 7, with interest thereon, shall become additional indebtedness of Bottower ses:ured by this Mortgage. Unless Borrov~er and Lender agree to other terms of payment, such amounts shall be payable upon notice from Lender to Borrower requesting payment thereof, and shall bear interest from the date of list>ursement at the rate payable from time to time on outstanding principal under the Note unless payment of interest at such rate would be contrary to applicable law, idwh`oh event such amounts shalt bear interest ai the highest rate permissible }coder applicable law. Nothing contained in this paragraph 7 shall requite Lender to incur any expense or take any action hereunder. S. Iaspectlon. Lender may make or cause to bt: made , easonable entries open and inspections of the Property, provided that Lender shall give Bnttower notice prior to any such inetxction specifying reasonable cause therefor related to Lender's intent in the Property. 4. Condesnatfon. The proceeds of any award or claim !oC damages, direct or consequential, in connection with any condemnation err ether taking of the Property, or part [hereof, or for conveyance in lies of condemnation, are hereby assigned and shat} ix paid to Lender. In the event of z total taking of the Property. the proceeds shall be applied to the sums secured by this Mortgage. with the excel, if any, paid to Borrower In the event of a partial takin¢ of the Property, unless Borrower and Leader otherwise agree in writing, there shall be applied to the sums secured by [his Mortgage such proportion of the proceeds as is equal ro that proportion which the amount of the sums secured by this Mortgage immediateh• prier to the date of taking bears to t!x fair mazket value of the Property immediately prior in the date of taking, with the balance of the proceeds paid to Bormvver. If the Property is abandoned by Borrower, nr if. after notice by tender to Borrower that the condemnor offers to make an award or setilr a claim for damages, Borrower fails to respond to Lender within ?0 day after the date such notice is mailed, Lender is authorized to cagier} and apply the proceeds. at Lender's option, either to ratorarion or repair of the Pro~rtc nr to the sums secured by this Alortgage. Unless Lender and Bortawer otherwise agree in writing, any such application of prtreeds to principa] shall not extend nr p4•+stpotx the Sue data e! rite titanthh• instaitments referred to in paragraphs ]and 2 hereof or change the amount of such itsstaliments. ly. lortorr Not ReR-aeon. £xtansion of the time for t+a~•ment or modification of amortization of tht sums secured 6y this .Mettgagr granted by Lender to am• successor in interest of Borrower shalt not operate to release. in any manner, the liability' of the original Borrower artd Hattower's successors in interest. Lender shalt not tx required to commence proceedings against such suer^essor err refuse to extend time far payment or otherwise modih• amortization of the sums sxured M' this Mortgage by rrasan of am• demand made by the original Battnwcr and Borrowers successors in interat. II. Ferree br I.eaier Not a Waha. Any forttearance by Lender in exerising any right or remedy hereunder, or adeetsrist afforded b+• appl'seabic taw, shall not be a waiver of or precitrde the exercise of am• such ri¢ht or remedy. 1'be procurement of insiaattce err the payment of taxes or other liens nr charges by Lender shall not be a waiver of Lender's tigiN to atxektate Iht maturity of the indeMedrtess secured by this Mortgage. Ter Rettxdies Casgtf8ve. All rttttredies provided in this !iiartgage are distinct and ctrmuiative to any ocher right or remedy under this Mortgage err afforded by taw nr equin~, and may be exercised cnncurrenth•, independently or successively. 13. Sieceaots sad Aar Ilannd; Jeri and Secerai I.iaMTin: CapBoas. T7te covenants and agreements herein contained shall bard, and the rights hereunde? shall inure to, the respective succeaors and assigns of tender and Sortnwx:r. subject to the pro+isions of paragraph I' 1:_reof. All covenants and agreements of Borrower shall Ix joint and several. 7Tte captiets and Iteadiggs of the paragraphs ..f this Mortgagr are far convenience only and are not to 1>e ustd to inttrpret a dtdine the provisions hereof. 11. Natt&Y. Fscept for any notice required under applicable law to be given in ano[her manner, (a) any notice to Sorrv'nrer providrd for in this Mortgage shall be given by mailing such notice by certified mat! addrrssed m Borrowrrr at the Ptvpcrty Address or at wch ether address as Harrower may designate by trotice to Lender as provided heron, and tTt? an~• aotrce to I_rnda shalS be giytr. by ce.=ifird mxii. return receipt requested. to tender's address stated herein err to wu^tt odor address as Lender may dcsi¢narr by rutice to Barmwer as prrnided herein. Am• notice provided for in this Mortgage shall tx deemed to hav=r been given to Barrow•er nr I.cnder when given in tlsc manner dssigna!ed Mrein. IS. Lraiftvrs Mio~e; Gosergiuag I.aw^; Sererabr"Bty. 73tis form of mortgage combines uniform r-~venants for narional the am3 n+w-tmifarm rn+xnants with limired cariaticxts be jurisdiction to constitute a unifertn sr~unty instrumem covering teat pr~terty'. This Mortgage shall be governed by the taw of the jurisdiction in which tht Propem• is Ittcatcd. Ice tlx evrnt that nay provtsiott or clause of this Mortgage nr nc~ `.:xc conflicts with applicable law, su.h conflict shag not aHec[ txbtr prctvisions ~ this Mortgage or the Ncxe w-h:rh ~n >x given effect without [hr rnnflic-ling provision. and to this end the provisioes of the Mortgage and the time are dtxlared ro be severable. li Ittorsar.er's Capp. Borrower shat} he famished a cnnfnrmcd copy of the Nate and of this Mortgage at the tune of exacaatitxt or afar rtrardariort hereof. 17. 7>raasfet of tlrc )lRs~f~; If all err any pan of the Ptoprrty or an interest thcrzin is sold nr transferred by 19arrcwer without Lender's prior wriurn .vaster}. excluding is7 the creation of a lire ar encumbnax wbardinaie to this yfoi•t6ag~ (bl the ctutiort ~ a pur-hase money staurit? merest inr itnuschold appliances, Ict a transfer by devise. dtsomt or by operation of Lw upon the ,}oath of a ja:nt tenant nr tdt the grant of any }cssrhold inrctest of thra years or ions t~ txmdaating an aptien r<~ pun:Itaar, Lender may. at Lrntkr's option, dcciarc all the sums secured by this Mortgage to be itntnestiately due and p:yatda Lender shall ha+e waned xuc?t option to a~~rieraie if, Friar to the sale or trander. Lender anti the porno}} to wham tltt Prapert} is to be said err }tans{errri! reach agreement in writing that the credit of such person a sa3isfactary ra Lender and that the itriertst payable art fix sums serursd by this Martgagr shall br at sttrh rate as Lynda rhaii regtsst. if Leader iss a-aiced :he opiitvn to saxltratt p;n+7ded in this paragraph 17. atxi it Borrower's sumessar in interest hu extsurod a written asstanptim agttxmrnr aarttpted in writing !n• Lender, Lender shall refcase Borrower Pram all olti>g~ms unrxr this bdtsrejttge and Cite tiote. If Leadv exercises sta-it ol+tiaa io aa.cterate. lender sltafi mail Borrower natitx of acceleration in accordance with parsgaph id hereof. Soc>i ttoOCe shall ptos%$ a pesioai of oat ies. than 3i) days from the date the notice is mailed within st$sieh Horrocvtr may pay tye atoms deciarrd due_ If Bag±t+wtr fails to pay wch s~~ns pricer to the expiration of such period, Ltadra aaay. withnttt fttnher Mice ~ demand er: Borrower, invoke nay ren±edia permitted by paragraph ig hereof. Nowt I7rt['~t`t Covtrant'ts_ Borrower and Lottdrr further covenant and agtce as follows: li A Resetl;es Fzcapt s presided is parapaph 17 baro[, gym lorrotaet's breach of nay covraaat or apeeseR of IMsrewss i• tits ktaeltpttie, isc~ the cascnramts to pay whoa doe uy cons arrayed by tbfs Mor~age. }nine psfw f• at+e~tevLg sisal sat as6te so 19enawsr s provided u patta~raph It hereof apecifyiog: (II the baeach; ~ sLe tttelisr• mpftei ie, tact agcy teary: d3i a done, got teas eba. 39 days Fros t4 date ~e teotke is raa0ed to lsrrawer, yy aifeit ssry land errs 4 ~ nerd d4) tint iaisre to care snot 6reacb w err btferr the due specified is wr taotke attd rest is aoddsatlaa of the s~ aeesed by ill's bistlitlz• forer7wtge by padueltd ptoceedigg asd sale of tfse Prapertf. llta tastlar sill fiaRita itfees fl+sra+rs e[ tie lain ~ rite after accelrraElott sd the tigiN to atgerts lye fotteciorge pt lye gara.esis)tscs of a deFari! er awy ether dsfass of tlorretnr !o aeceyuatioa agd foreelosee. ff the besae6 i sd Aaltd st err yefaae tie dye }pellet M 11ic aask~ ILeada at Isgdea's eph~e eaay decLte aH of the lama sectored by Ott yistiple fB 6c doe ttsi papaiie triNraat [taHyer dcsted aid tiny forecloar by Jrdk~i proc~tg. i.rnder abtl ik stltled fa earec# 5 ttar3 preceet$tK nit expenses of feeeeyteare, fit. bat not t6nifed t0. casts of docose~ary ate. aiahae!• ad flBe repaeit. ~ 'lAS~es'a ~ L tisiastaie. Noiwabstaading [s[t~r's acrzleraiion of tht sums secured by this Mortgage. Borrower etfall have tart tight Fo Isave nay ptnaxdiogs begun by Lender io enfortt this Mortgage discontinued at any time