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<br /> <br />Lender's written agreemxnt or applicable law. Borrower shall pay the amount of ail 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 dereon, shall become additional <br />indebtedtaess of Borrower secured 6y this Mortgage. Unless Borrower and Lender agree to other terms of payment, such <br />amounts shall be payable upon notice from Lender to Harrower requesting payment thereof, and shall boor interest from the <br />date of disbursement at the rate payable from time to time an outstanding principal under the Note unless payment of <br />inmrest a[ such tale would be contrary to applicable law, in which event such amounts shall bear interest at the highest rate <br />permiss,'bk antler applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take <br />any action hereunder. <br />S. ImpecHoa. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided <br />;hat Lender shall give Borrower nonce prior to any such inspection specifying reasonable cause therefor related to Lender's <br />intirest in the Pralprty. <br />~. Coaedemealbe. The proceeds of any award or claim for damages, direct or consequential, in connection with any <br />condctnnation or other taking of the Property. or part thereof. ar for con+eyance in lieu of condemnation, are hereby assigned <br />and shall be paid to Lender. <br />In the event of a total taking of the Property, the proceeds shall he app)ied to the sums secured by this Mortgage. <br />with the exrcss, if any, paid to Harrower. In the event of a partial taking of the Property, unless Borrower and Lender <br />ahcr«ix agree in writing, ttrere shall be applied m the sums secured by this Mortgage such proportion of the proceeds <br />as is equal ro 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 Prnprrty is aban~ned by Borrower, ar if, after notice by Lender to Barmwer that the rnndemnai offers to make <br />as award or settle a claim for damages, Borrower fails to tapered to Lender within 30 days after the dart such notice is <br />mar3ed, Ltrader is authorized to celltcz 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 Lends and Borrower atherw^:se agree in writing, any such application of proceeds to principal shall not extend <br />w postpone the due date of the monthly installments referred to in paragraphs t and 2 hereof ar change the amount of <br />suc}a itsstallmtrats. <br />26. 1lortoteer Not Rtlieaeed. Extension of the time far pa)Trtmi or math&ation of amortization of the sums secured <br />by Yhis Mortgage granted by Lender to any sttcctssor in interest of Borrower shall not operate to release. in any manner, <br />tIx liability of the original Bormwgr and Borrower's sua'cssars in interest. Lender shall oat be required to commertee <br />proceedings agaitra such strcressor ar rcfvst to extenu time far payment or ottrcrwix modify amortization of the Bums <br />secured by ;Iris Mortgage by reason of any demand made by the original Borrower and Borrower's successors in in:crest. <br />31. Fmieaaaece lsy Leader Net a Waiver. Any fatbearance by Lender in escrcising any right ar rcmtdy hereunder, or <br />aiha'a-ise afftsrded by applitxbte taw, shall not be a waiver of ar prectudt the etercise of anp sttch right or remedy. <br />'aloe ptocttntaeti; of imtxatset or the payment of taxes or other liens or charges by Lender shall not be a waiver of Lender's <br />tight to aottieram the maturity of the iradcbtcdnecs secured by this Mortgage. <br />ti ReaseBes tlmahNte. All ranedies Provided in this Mongagt ate distinct and cumulative io any other right or <br />remedy antler this Mortgage or afftuded by law ~ equity. artd may be exercised concurrently. independently or sucttssiveN. <br />13. 9ecctsaots aed As~ss Bored; Jarot sad Severer I qty; CaPtlons. 11te covenants at+d agreements herein <br />cxatahsetl shall head, and the rights hrarurtdtr shat) inure in, the respective stucessors and assigns of Lender and Borrower, <br />subject to the ptmisiaos of paragraph 17 hereof. AH covenants and agreements of Borrower shall be joint and several. <br />'ihe captitms and hudutgs of the Paragraphs of this Mortgage are far convmiatce only and ate not to be rued to <br />iniapt+c't to ddme the paveisiorn hamf. <br />li. Netica. for nap notice tet;uutxl under applicable law is be given in another manner, {a) any notice to <br />HnrrtrsPer pmvided fare in this Mortgage shall be given by mailing such notice by cerd6ed mail addressed to Barrowtr at <br />;he Property Addms ar u sisdt otlacr address as Barmwrr may designate by notice to Lender as Mrovidcd hrrem, find <br />{bl any notice to Lender ahaIl he given by ratified mail, return receipt tt:questtd, to Lender's address stated Herein or to <br />sia~ outer address ~ under may designate by -elite to Borrower as provided herein. Any rm;ice provided for in this <br />Mtuigagc slsall be to have hem given io Bonawer or Lender what given its the marttter designated herein. <br />15. Lbaitaa~t Gm«aitg Loa; Sevtrahi~ic. This farm of mortgage cttmhit+es uniforta covenants for national <br />use attd nm+-rmiform emrnarm with limited variations by jurisdiction to mnstimtc a uniform security inarumcat covering <br />sal property. 7hix Mortgage dull be gmeraed by tlae law of the jursdiction io which the Propertys located. In the <br />etreat tha; nay provisim tx taattse of this Mortgage nr the Nam rnnHicts with applicable law, such ctueRict shall not affect <br />ot3ter prwisiuns of the M err the Note whsdt can be givtst effect withot,-t the con9kting provision, and to this <br />end else pro+°is'trns of the Mtxtgsgc and the Nara ate ekclarcd m be sevvabk, <br />;~, leate~rr's C.slry, Bistawcr Shall Ix furtrished a cx+nfottracd copy of the Nom sad of this Mortgage at the time <br />of tureaxion or after recaadattaei hateoL <br />t?. it'Saeier at Sae lhe~arty: AsamsPNae. if alt err nay part of the Pmpraty ar an interest therein is sold or transferred <br />by Bt+at+o+rer without Leader's prior wrinen consent, cac)uding fa) tlx cteatiatt of a litre or mcamtbtance subordinam to <br />this It[er'tEaLe- fb) the ctratiao d a pusrhase montr security imtmt fcN taotrsel+tdd apptsances, {cl a trarrsfcr by devise. <br />deaawt ~ t'y operation of law uptet the death of a joint tenant err {d) the gran; tat any leasehold interest of three years or less <br />tort ao option m ptuehase. Leads may, at Ltnda's nptiaua, declare all the sums sa~trred by this Mortgage to lx <br />iraa2y due and payable. lcndrr shall hay; waived sttch nptim is accelerak it, pry to the sak or ttanafer, Lender <br />aed the peasm to wlsom the Propeny is m tse sold of transferred reach sgrreraeat in writing that the cradit of such petaott <br />is arR'~Y xr Lender and ;Int the interts* parable eta the s.am secured by this Mortgage strait be at wch rate as Lender <br />t~ ragssa. 2f Leodc~ has anived tIx option to acoekram ptrvidtd is this paragraph 1T, noel if Bortoweri successor in <br />itttecaest lsas eaacurod a srtiitm aatrmpuan agrorsetrna acotpmd in writing by Lender. Lender shag rrekase Borrower frasrt aB <br />uodea rho Mmtys~e and tlx Note. <br />If Leader soda optioo to aceekaatt, Lender shall mail 8orrawer notice of u.~eleration in accordance with <br />pta>tgralah I4 Iraeof. Snch ncsioe slug provide a p-rind of tux less than Sit days fran ttae dam the notice is mat7ad within <br />stiic3llattataer may pay Nte srmis declared Sue. if Borrower fails to gay such sums prior to the expiration of such period, <br />Loader tssW. mithon; ftrrrha nraoe ~ demaed an Barnowcr, rnvpkt any rurtedies permitted by paragraph I S hereof. <br />+-17t~tn;teta Corr€aattvs. $asrctaru and Lcss3es funhed rnvcnanf and agree as follows: <br />>Al Ae ataea9N7 iR R+t+K!'a s ! i !a'aa~alk AT times[, utrte Eaaso+ter's 6reari d nap co+asuet or <br />a st laasawsv L Ida iecistllq tie cevearbs b py oleo ttre arty ssama setasad hY this Morlpge. <br />twtrCarl~r N eseslemtlaat sieM taut aster as )iartrttel as ~snvided k leiae+'a!i 14 totes[ specityle~ (f) Noe latpri: <br />!~ ata anliste ~ iu r~ee cads iraptNtt t3f a dwe, taut tam Nora as dga tram tie date we estke b mailed m ^ortetnr, <br />b wYcit tcat leasdt twAwtt 1Me irk a.A !t/ Nat !t.+[ase b earFC s•th laeaai art .r iafoet tYa data ~ tYe aoNce <br />rin4 aaAttk tat aeaiaeaYeo a[ file saran fesseei ~?' Ark MarlgaNe, Eaasctasese h7 3~>d ![ and sak d the t'+opeRy. <br />x#re Atetpere t3rnR asalMr Ides laaatwsr art Ste test tb aiaYb attar ~ sad the rA[ia Its ssaai fe tic tsaeclioame <br />{larteagifstB Alta d a tlaheM x asd allot ddaeae at iart+t<er b acrakratioe aed twsctosesa. N the 5aeat6 <br />Irk fMi e'arai ~ err ltd6ee fie NrM t~teelbA is Nat esNrs, tseiar at /.+ spy tsy doctors a~ a.t tie staea secured iT <br />Ailf ~ to M ~ #ae sad attttrtiie terNs detaeed mad asp' torecleee i3' jreiclal psec I.esrder <br />aMtA Ma aaiMsd is ealiattt is tonal t ai a at taa:=atswre, iaeitAloi. bet net to coats of doetwteebry <br />sirliaaae, tdrakaatttaatd tlpt <br />I!. lf'S llls~te M 1Nlulais, Natvtag Lender's notelet#ioa of the scans secured by this Mortgage. <br />lisntwa' ~ haves @ae tart to have ere; praceedirtgs 17Fgua by l.cnde,r t. ettforcx this Aiongage discontinued at any time <br />