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<br />]:cooler's written agrtment or applicable law. Borrower shall pay cite amount of all mortgage irusuraracu: prentiurns rW tlae
<br />rxtanner prs:,ryidct, under paragraph 2 hereof.
<br />Atay amouutts disb,arsed by Lender pursi;ant to this paragraph 7, wit'h~ in?tres3 therepn, slaali Ibecorn addi2Xanai
<br />indtb?edness of Borrower secured lsy this Mortgage. Unless Borowtr and Lender agree to ether terms of payment, such
<br />amaunis shut be payable upon notice from Lender to Borrower requesting payme^,t thereof. and shall bear interest from the
<br />date of disbursement at the rate gayabie from time to time on outstanding principal ceder the Note unless payment of
<br />interest at such role would be contrary• to applicable law, in which event such amounts shall bear interest at the highest rate
<br />pemissible 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 reasanablt cause therefor related ro Lender's
<br />interest in the Property.
<br />a. Condemnation. The proceeds of any award or claim for damages. direct ar consequential, in connection with any
<br />condemnation or other taking of the Propery. or part thereof, ar far canveyanct in lieu of wndemnation. are +tereby assigned
<br />and shat( 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 />wwith ilte excess, if any, paid to Borrower. In the event of a partial taking of the Property, unless Hcrrnwer and Lender
<br />.ulterwise agree in writing, there shall be applied to the sums secured by this Mortgage such proportion of the proceeds
<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 M: Borrower, or if, after notice by bender to Borrower that the condemnor offers to make
<br />an award ar settle a claim for damages, Borrower fails to respi,nd to Lender within 3t) days after the date such notice is
<br />mailed, Lendct• 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 by this Mortgage,
<br />Unless Lender and Borrawer otherwise agree in writing, any such application of proceeds to principal shall not extend
<br />or postpone the due dare of the monthly installments referred ro in paragraphs 1 and 2 hereof or change the amount of
<br />such irstatlmen;
<br />10. Borroc,er'•lo4 Released. Extension of the time fcr payment or modification of amortization of the sums secured
<br />by this Mortgage granted by Lender to any successor in interest of Borrower shall not operate to release, in any manner,
<br />the liability of the original Borrower and Borrower's successors in interest. Lender shall not be required to commence
<br />proceedings against such successor ar refuse to extend time for payment or otherwise modify amortization of the sums
<br />secured by this Mortgage by reason of any demand made by the original Borrower and Borrower's successors in interest.
<br />li. rorbearance by Tender Nat a N`aiver. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable taw, shat( not be a waiver of or preclude the exercise of any such right or remedy.
<br />The procurement of insurance or the payment of taxes or other liens or charges by Lender shall not be a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />12. liemedies CamulaNve. At1 remedies provided in this Mortgage are distinct and cumulative to any other right or
<br />remedy under this Mortgage or afforded by taw or equity, and may he exercised concurrently, independently or successively.
<br />13. Successors and Assigns Bound; Joint and Several ].lability; Captions. The covenants and agreements herein
<br />contained shall bind, and the rights hereunder shall inure to, the respective successors and assigns of Lender and Borrower,
<br />subject to tfie provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be joint and several.
<br />The captions and headings of the paragraphs of this hior[gage are for convenience only and are eat to be used to
<br />interpret or define the provisions hereof.
<br />14. Notice. Except for any notice required under applicable law to be given in another manner, (a) any notice to
<br />Borrower provided for in this Mortgage shall he given by mailing such notice by certified mail addressed to Borrower at
<br />the Property Address or at such other address as Borrower may designate by notice to tender as provided herein, and
<br />(b) any notice to Lender shalt he given by certified mail, return receipt requested. [n Lender`s address stated herein or to
<br />such other address ss Lender may designate by notice tc. Berrewer as provided herein. Any notice pnivided for in this
<br />Mortgage shall he detmPd to have been given to Borrower or bender when given in the manner designated herein.
<br />15. Uniform Mortgage; faverning Law; Severability. ]'his form of mortgage combines uniform covenants for natinnal
<br />use and non-unifarrs covenants with limited variations by jurisdiction to constitute a uniform security instrument covering
<br />real fror><rty. Iris Mortgage slt;rti Fie goveered 6y the law of the jurisdiction in whioh the Propert}• is ic?cattd. Cn the
<br />e-tot that any f.rovision c- ;at.se of this Mortgagt ar the Note cantiiets with anpiicabit law, such conflict shall ear afftc#
<br />ofl:tr provisions of this ;!?=..^gage ar the Mute which can ht given effect wi?ll+~ui tftei cantlictir~g provision, and is this
<br />e,-,d ti-t pr~,vv-i;.r,s ref the ~-- -_ge are the Nate are dtclartd to be stye,*able.
<br />i~~. Lorrosvtes Cufrv~~Rarcou-er Mall b,' furnished a m-nfarmed copy of the Note and of this Mortgage at the tittz
<br />of extortion nr after recordation hereof.
<br />17. Transfer of the F'ropttty; Assumption. if all err any part of the Pmptrty or an interest therein is said or transferred
<br />by Borrawer without tender's prior written consent, excluding (a) the creation of a lien or encumbrance subordinate to
<br />this Mortgagt, (t;) the creation of a purchase money security interest for household appliances, (c) a transfer by devise,
<br />desetnt ar by operation of law upon she death o€ a joint tenam or (dt the gram of any leasehold interest of three years or Less
<br />not containing an option to purchase. [.ender may, at Lender's aption, declare al! the sums secured by this Mortgage to be
<br />immediately due and payable. Lender shall have waived such aption to accelerate if, prior to the sale or transfer, bender
<br />and the person ro whom the Property is to be sold nr transferred reach agreement in writing chat the credit of such pc-son
<br />is satisfactory to Lender and that the interest payable on the sums sc^cured by this Mortgage shall bt at such rare :es I ender
<br />shall request. if Lender has waived the aption to acceleratr provided in this paragraph 17, and if Barrawei s successar in
<br />interest has executed a written assumption agreement accepted in writing 6y Lender, Lender shat) release Borrower from all
<br />obligations under this Mortgage and the Nate.
<br />If Lender exercises such option io acceltratt, Lender chap mail $orrewer native of a+cekratien in accordance with
<br />paragraph ll hertaf. Such notice shat! provide a period of not less than 3p days (ram the daft the notice is mat}=d within
<br />which Borrnu•er may pay the sums declared dot. If Borrower fails ro pay such sums prior to the expiration of such period,
<br />Lender may, without further notice or demand on Borrower, invoke any remedies permitted by paragraph I8 hereof.
<br />I+Inty-t_ryrr~ox*•r CnvasraNTs. Bnrrow?r and I Pseci-r further cavtnant anti agr.~ ,=s fol'~xs'
<br />ltl. ,~eceleratios; Rttntdits. Exeepi as provided in Paragraph 11 hereof. upon Borrower's breach of any corenant or
<br />agrternent of Borrowxr in this Mortgage, inClUdiAR Iht CovtFtents to pay when due any snms secnrxd by this Mortgagt,
<br />Tender prier to aecele:anon shall mail notice to Borrower as provided is paragraph 13 6treof specifyCr~; ill the breach;
<br />(3) the action required to cure Bach breach; (3} a date, no! leas than 31i days from the date the entire le mailed to Borrawer,
<br />by which such breath must he cured; sod (d) that failure to cure sucA breach on or before the date specified is the notice
<br />may result in acceleration of the sums seared by this Mortgagt, foreclosure by judicial procetdistg and sale of the Property.
<br />Toe notice shall farther inform Borrawer of the right to rei~tate after acceleration and the right to tnstrt in the foreclosure
<br />proct~ediag the tros-txisteace of a default or nay other defense of Borrower fo acceleration and foreclosure. if tht breach
<br />is not cared on or before the date specified io the notice, [.coder at Tender's option may declare at! of the sums secured by
<br />this Mortgagt to be immediately due and payable without further demand and may foreclose by judicial proceeding. fender
<br />sbaB be entitled to collect in snob proceeding all expenses of fareclosare, including, but not I[mlted to, costs of documentary
<br />evidence, absteaxes and ditle repottCS.
<br />li. nvrrowEFts ilia--hi iu r~eiasfate. Natwitnsianding Lender's acceleration of the sums secured by this Mortgage,
<br />Borrower shall have the rigist to have any proceedings begun by Lender to enforce this Mortgage discontinued at any time
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