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<br />~g_ t1U4359
<br />Lender's written agreement or applicable law. Bnrrower 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, shall become additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment, such
<br />amounts 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'oe contrary to applicable law, in which event such amounts shall bear interest at the highest rate
<br />pertaissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />any action hereueder.
<br />8. Inspection. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that Lrnder shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related in Lender's
<br />interest in the Property.
<br />9. Condemnation, The proxeeds of any award nr 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 even[ of a total taking of the Property. the proceeds shall be applied in the sums secured by this Mortgage.
<br />with the rxcess, 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 shall be applied to the sums secured by this Mortgage such proportion of the proceeds
<br />as is equal to [hat proportion which the amount of the sums secured b} this lsdortgage immediately prior to the date of
<br />taking bears to i}te 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 6'te Property is abandoned by Bnrrower, or if, abet notice by Lender ro Bnrrower that the condemnor offers to make
<br />an award or settle a claim for damages, Harrower fails to rrspnnd to Lender within 30 days after the date such notice is
<br />mailed, Lender is authorized to coi}eM and apply the proceeds. at Lender's option, either to restoration or repair of the
<br />Property or to the sums s~itred by this Mortgage.
<br />Unless Lender and Borrower otherwise agree in w~riNng, an}' such applicanon of proceeds [n principal shalt not extend
<br />ar postpone the due date of the monthly installments referred m in paragraphs 1 and 2 hereof or change the amount of
<br />...,6 :...ielln.~t~
<br />=w.,18, 6Barower Not Released. Extension of the time for paymrnt or modification of amortization of the sums secured
<br />by this Mortgage granted b}• Lender to any successor in interest of Bnrrower shalt not operate to release, in any manner,
<br />the liahlit}' of the original Borrower and Borrower's succrssors in imerest. Lender shall not be required to commence
<br />pmceediags agaitict such successor nr refuse m extend limy for payment or otherwise mndih• amortization of the sums
<br />secured by [hn Mortgage by reason of an}• demand made b}' the original Borrower and Bormweis sucttssors in interest.
<br />11. Forbwtmce by Leader Not a R'aF'er..~n}' forbearance by Lender in exercising am' rieht or remedy hereunder, or
<br />otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy.
<br />The procurement of insurance o: the na}~trent of taxes nr other liens or charges by Lender shall rtnt be a waiver of Lender's
<br />rigint to accelerate the maturity of the indebtedness secured by this lsiortgage_
<br />Ii Ream fSemalafire. All trznedies provided in this Mortgage are diuinct and cumulative to any other right or
<br />rernrdv under this Mortgage or a$ntxkd by law nr equity. and may be exercised cnncurrenth', indtpendentiy or successively.
<br />13. Seerasas aed Asdgas Boaad: Joiaf a~ Several f.iaMliry; Captions. The covenants and agreements herein
<br />xntai>Kd shall 1>gtd, and the rights hereutreser shall inure tn, the respective successors and assigns of Lendrr and Borrower,
<br />subjeri to the provisi~s of paragraph 3' hereof. All covenanu and agreements of Borrower shad be jnirt and xveral.
<br />The caPiions and lserdiags of the paragraphs of this Mortgage are for convenience onh' and are not in be used to
<br />interptei tsr define the provisions hereof. .
<br />I<. Notiee. Ezetpt for any notice required under applicable law 20 be given an atrother manner, ta) any notice to
<br />Bo:~evter prordad for in this Mortgage shall 'tie given b}' mailing such ncdce by certified mail addressed to Bnm~wer at
<br />the Pmperry Address or at Built other addrem as Bnrrower ma}' designatt by notice to Lender as provided herein, and
<br />tfs) soy mice to tender shalt be given by ccrtifxd mail, return receipt trquestrd. to Lender s addrexs stated ixrein nt to
<br />su,^h other address ss Lrndn ma}' designate Is}' nntitt to Bettnwer as provided herein. Aot• nonce provided for in this
<br />MnrtgaEe shall tx derttsrd to have lien gixen to Hnrrowcr nr Lender when gicm in the manner 3esignated herein.
<br />iS. C)saifoam 711es1gage; Gevrrttieq Law; Sevrrab~itt'. This form of mnrzgage rnml>;rres uniform ,~venants for national
<br />irte attd ttoa-uniform cnvetunts with limited variations by ivrsdiainn to cattstitute a uniform security' instrument courting
<br />real ptnpetty. This Martgagr shall fx g:rv'crnrd b}' Ilse law of the jurisdiction in which tlx Property is located. In the
<br />evmi that ant' tarovisian nr ciar:4e ni this Mortgage or the Note conflicts with applicable ?aw, such coitflid shall not s!it,-t
<br />prnvis,~s =f this !fo*tgage nr the Nair which cart k given effect w°itlaov't the rnnflicting provision, and to this
<br />end the provisions of the Mnrigage and the Nate ate do-3a:ed to be ~verable_
<br />Ifi. ienewer`s Ceps, Borrower shall be furnished a craafatmcd tY+py of the Nate .and of this Mortgage at the tittre
<br />of ettacxitxt nt after recordation hereof.
<br />17. Teaa~c of toe property; Assam}t#m If all nr any part of the P2rpem' nr as interest tbrreir. is sold nr ttansfernd
<br />h7 H~ronver without Leader's pear wriren cnment. rxcludirtg ia! the creation of a lkn ce errctmrbrance subordinate to
<br />this Itfartg:gc. (h) the creation of a purclsnsr miurry securit} inurest for hnusrhoid appliances. lc) a transfer by devise,
<br />desreni or by operation of 3ae~ up xa the death of a h int truant nr ids the grant of asp leasthn}d interest of there years or less
<br />not ooaiamiag an option to puteltare, under ma}~. at Lrndcr's nptinn, dalare ail the sums secured by this Mortgage to be
<br />ins~ia2rly dtx and Payalde. Lradrr shall have waived such cq lion to atrrkrate if. prier to 2tx Bak or transfer. Lender
<br />and the person to cahoot the Property is to be said ar transfertrd reach agrrrrtrcnt ir. writing that the Credit of such persor_
<br />rs satisfactory to Lradez and that i v_ inierrst payaL+k nn the sums sa-urrd by this Mortgage shall be at such tart as trnacr
<br />shall requeu. If Lender bas sraivxi the option to accelerate provided in this paragraph 1', and if Borrower's successor in
<br />afstmt bas eaecvted a wzittea assamptioc agmmeai sxepted in writing by Lender. Leader shall rekasr Bottow•er from all
<br />aioas tesrder this Mortgage usd the Nmr
<br />If Leads eaacises sut3t option to accelerate: Crueler snail mai3 Borrower notice of acceksation in accordance with
<br />paragraph I: Ixxalf. S~ no5cr shall provide a period of ittst less than 'sD days from the date the nnth-e is staled within
<br />which Bcutvwea may pay the sums d~lartr3 drx. I£ Barrawxr folk to pay such sums prior to the rxpiratian of such prriad.
<br />Ltatder troy, wishisin fttrttser a~:° to demand oa Borrower, inv~e nay remedrs permitted by paragraph t 8 ixteof.
<br />;,loot-Uxt~tix Ce:rvEtannr7s. Barras'er and Lsnckr #urther wvrnant and agra ss folkrtrs:
<br />IfL Aeacenatlox lttemeiee Faaept as provided 4 parss$apb 17 hereof, apoa Iberraser+s htescb of any covrarot or
<br />~ sf lflrasoosr is this M~>ie• tare my-trots m pry wlsm doe sav soma terered by ttsk Mtutgate,
<br />Laeaist pain b araeleaatfoa lbri a®i asgYkt #a Earrewer as provided ie paragraph 21 hereof ~.^cifyislt (I) for breach:
<br />(~ At etBaa sr~rcrai b wee Bert; irtach: t3) a late. aW its that 3! days from the daft t4 aotire Y maBed to 1orrower,
<br />b +ri]eY earl basaei mitt ie wool d tt} ~u tilbrre ~ cane aacb bared, a. ea before tie watt sptrf5td ~ the notice
<br />trap eatrtEt it asedmafcaa of tie Bas srtrreed isy rYic lNarfgaee, ftxtxioswt by l atad Bak of fix Property.
<br />'Ile irfioa tint ftattlae* ifaa lt6eamat~ of Ibe right Y reiss/~e after acederatioa sad the tiEfat fo assert m the fnreeloeme
<br />tibe ass-dei~sae tai a dew ffi aep oAs' deteesr ~ Enrswwv M acrsi~ioa noel farreFesaae. L the batac6
<br />4 tad caNri ar s bdwr ibt dale tpesiied y ttbe aetica, Ltades of Leach's opKm mrp tkdee s0 of ~e Bas secured by
<br />tit to be Lem dee anti peyabie witboat farther tiemaad asd may ftxrelart by )a8icid proretdiag. Linder
<br />ii bt ea6ffed b oafkd L M }tlsctt'ddg s! espeaau of fororiare, inter, bin set tested to roads of doea®eatary
<br />s+idsce. atatrtarss set Utle rrpetls.
<br />19. )ersessm4 gity b itttda/ale. Notwithstanding Leader's accelrratron of the sums secured by this Mortgage.
<br />liormeer shag bare the right m }sane any pnoxodia3s begita by tender to enforce tills Mortgage discontinued at any time
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