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Lender's written agreement or applicable law. Borrower 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, shat! become additional
<br />indebtedrtess sf Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment, such
<br />amounts shall be payable upon notice from I ender to Borrower requesting payment thereof, and shall bear interest from the
<br />date of disbursement at the rate payable from time to time on ou[standmg principal under the Note unless payment of
<br />interest at such raft would be contrary is appficable saw, in which event such amounts shall bear interest at the highest rate
<br />permissible voder appficable law. Noshing contained in this paragraph 1 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 />~p that Lander shalt give Borrower notice prior to soy such inspection specih•ing reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />4. Coademnatloo. The prsceedc of am• award or claim for damages, direct or consequential, in connection with any
<br />condemnation or other taking of the Property, or part thereof, ar far conveyance in lieu of condemnation, are hereby assigned
<br />and shall be paid to Lender.
<br />In the event of a total taking sf the Prapeny, the prtxeeds shall be applied to the sums secured by this Mortgage,
<br />with the excess, if any. paid to Harrower. In the event of a partial taking of the Propern•, unless Borrower and Lender
<br />stherwise agree in writing, there shall be applied to the sums secured by this Martgage such proportion of the proceeds
<br />' as is equal to that proportion wfiich the amount of the sums secured by this Mortgage immediately pricer to the date of
<br />taking bears to the fair market vahte of the Property immediately prior is the date of taking, with the balance sf the proceeds
<br />paid to Borrower.
<br />If the Property is abaridotfed by Borrower. or if. after noiice by Lender to Borrower that the rnndemnor afters to make
<br />.. ,. an award er settle a claim for damages, Borrower fails is respsnd to Lender within 30 da}~s after the date such notice is
<br />rnaikd, Lender is authorized io caHGLi and apply the proceeds. at Lendei s option, either to restoration err repair of the
<br />Property or in the sums secured by this Martgage.
<br />Ltnless Lender and Borrower othern•ise agree in uritine. am- such applicatisn of proceeds to principal shall not extend
<br />err pos[potu the due date of the monthly installments referred to in paragraphs 1 and ?hereof err change the amount of
<br />such iristatitrtmtz
<br />ip. Borm>tret Not Rekaved. £stension of the rime for nsyment err mtxlificatian of amoriizatian of the sums secured
<br />I+y this Martgage granted by Lender to any sttccessor Sn interest sf Borrower shall oat operate to release, is avy manner,
<br />the habilih° of the original Bartawer and Borrower's successors in interest. Lender shall oat be required ro commence
<br />proceedings agairtsi such successty err refuse in extend time far payment or at}t+;na•ise modifi• amortization of the sums
<br />smired by this Mortgage by reason of any tkt,.and made by the original Bsrnwer and Borrower's successors in intttt:st.
<br />11. I?orbearaeee by Leader Not a Waim, Any fotfiwrance by Lender in exercising cent' r¢ht or remedy hereunder, ur
<br />atberwise afforded by applicable law, shall oat t,e a waiver of or preclude the exercise of any such right err retnedy.
<br />'fire practtrement of insurance or lire pa}nttent of raves err other tiers or charges by bender then oat be a waiver of Lender's
<br />ti3lti m accelerate the maturity of the indebtedness s.-cured by this't7orzgage.
<br />32. Resefies C~rahRCe. ATI trtnedies pro+~ided in this blongage are distinct and cumulative to any Mher right ar
<br />rxznedy under this Mortgage er affsrrled by la++~ or equii}•, and may be exercised concurrenth•, independently err successively.
<br />13. Sereawoes aced Atai~ Bnmd; Joint and Several f3abrlity; Capdoas. The covenants and agreements herein
<br />rnataitfnl shall bind, and the rights hereunder shall inure ter. the respectire su;.cesssrs and assigrts of I_cnder and Bsnnwer,
<br />strbjct to the pmsisierts of paragraph 17 hereof. .il] covenants and ago-ements of Harrower shall t+e joint and szvtral.
<br />Tlfe captiam and headings of the paragraphs of :his Mortgage are for convenience Doty and are not to be used to
<br />interpret err tlefiru the pmv~siaas hereof_
<br />li. Netter, Favept for any notice required tinder applicable law to be given in another manner. tai any notice to
<br />Barrow~tr provided for in this Martgage shall {fe given b}• mailing such notice by certi$cd mail addressed to Borrower at
<br />tht Property Address err at such other aodtcxs as °ormwer may designate by oasis-e to Lender as provtided herein, and
<br />(bt any txttice to Lender shall be given by cenifizd mail. rr!lm receipt requested, to I.endcis address stated herein or to
<br />strch other address as loader may tlesigaate by norix to Harrower as pmvidcd herein. Am' narice t,mvided far in this
<br />Martgage sltal3 be derarud ra have beet given to B[uraw$r err l.entkr when givtn in the mantur designated Herein.
<br />15. Llaifer't Moafgage: Goseitaieg Law: Sefrn~t}•. This form s# mangage rnmbines uniform .ovenants for national
<br />use acrd ~-uniform L`avtaaMS with limited variations by jurisdiction to cortstimte a uniform sev-urin• instrument covering
<br />rpi prtfpetty. This Mortgage stall be governed by fix (aw a# tht jurisdictiaa in which the property is }seated. In the
<br />!vent that any provision err clause of this Mortgage err the Note rnnfliets with applicabbk law- such conttict shall oat affect
<br />c!>fer p.^r-vtisions ~' tin !dortg~ err t1•~ N~ w•?ti~.h var. lv gi+:r. sfF ~t u°itbsut t+.x err;flietin_a pm3~rsioa, 3-*ed to !ham
<br />tad the prtsvisions of the Martgage and the Nstr arc declared xo he severable.
<br />K ten fret's Copy. Barrnc~r shall be furnished a canfermed copy a# ttsz Note and of thrs Marzgagc at the lima
<br />of fRt+ctrtim err after rocorduinrt trereaf.
<br />17. Twaf~ ~ the hasty; Atwttrptioe #s a!3 err any pan ;f the Pmpen}• or an interest Therein is said err transferred
<br />try Barg witlfoui Lerfder's p`iar w•rit,ea iiL'fsetft, excluding cal flu cteatlan of a litn err encumbmrtce subordinate to
<br />this Mortgage, Ib) the option # a purchase itfsrfey securin interest for hsusehald appliances. (cl a transfer by devise,
<br />descent err by operation of law ttpuo the death of a jaiai tenant or idt the grant of any leasehold imerext of three }'ears or less
<br />nor tt+tti<aitiiag as trptioe m pttrelsase, I.cadv may, err Lender's option, declare alt the stints sa-ured by this Mortgages to be
<br />imtottiirtkty doe a~ payable. Lender shall have waived such sprion is auekratc if, prior to the sale or transftt. Lender
<br />and the paann to whom life PmaKty is to be sold err tramferrctl reach agicemeai in writing that tM credit sf such pcrsan
<br />is satisaet.~? is L~rlc and shat tht irtt~,cst payable :3n tiu sums soured ry this Martgage shall be a: such rate as Lender
<br />titatl myaeat. if Lender Ilan waived the option to accc3eraze pros4ded in this paragraph l7. and if Borrower's successor in
<br />i b~ cmw»ad a terittee ait~ption agtti accepted in writing by Lender, Lender shall release Harrower from all
<br />tmdrs tl~ Mtfrtgage sad the Noce.
<br />if Leerier t~ci9es stseh optw~a w axe)vale, Lender shall mail Borrower notice of acceleration in accordance with
<br />p l3 ttots+o#. naaiet shag Pravidt a pr_riod of sot less than 30 dar•s from the dale the notice is mailed within
<br />is}sch Bsxtovrer max pay the stuns declared dut_ if Bortov,~er fails is pay such sums pricer to the expiration of such period,
<br />Lander may, aithtait fttrilter tfatice or detttarfd on tinrrotvar, invoke any remedies permitted b}• paragraph IS hereof.
<br />3~t-iliat~ttr Covaautrts. 1~nvcr ate sootier funkier envmant and agrce as tsltaws:
<br />3L At+odmNa~ tt~aiin, kept as In paragntph i7 hereof, upmt Borrower's breach of troy covenant or
<br />apararn[ of Bartairrtnr is $ir +~tt fete eoveaaMs to pay whin doe uy wins secured by this Martgage,
<br />I.eflter Psiur 4 aoedapttiaa tthtrB rtrail aoNoe to hotruwv as prrovided is pantgnph 14 hereof specifytet: 111 the brpch:
<br />{7r1Rte tulle tetpitetl M care wch haat:h;l3i a dstk, root ltac thou 311 days from the dtte tree aofice h mailed to Borrower,
<br />r!' tuldr'.~ sds htnb aaN he earatk reed t41 thatl faBnre to eme wb 6eeac6 an er 6elore the duct specified in the notice
<br />nMly [wall frt a of the rotas sacerad by this Mo+tgaea ferteclosnrc by judicial pmceedi-rg end sale of the Property.
<br />97e ttuNca tthaB i5rrgter htfetar Harrower of me rIBYf b reiwWc aftez attderation and the right to assert io the for~losure
<br />pAOltedlag ~ aee.pir/eeea of • deficit err awy alter defense of Eorrower b sceekration sad forecMsurc. U the 6rtach
<br />L cell at:d w err iaEare the dale spedied sir the entice. Lender at Leader's option may declare alt of the saint secared by
<br />thfs b he iattreeiLleiy doe eras peyabk wiNroat further demand turd ma3 toreclase by judlchl praccedirrg. Leader
<br />iaB lK traYtld ie eaiect is sob peacesti•g aB espetwes of forecloaarx, inchrdiog, bW not Berthed to. costs of documentary
<br />tevlieece, ahatraeta >eti th9e repar4.
<br />3!. tatrarrtta's tight b ttirtprie. Notwithstanding Lender's acceleration of the sums secured by this Mortgage,
<br />Borrows [ball have the right to have any pmetedings begun by Ixmkr to en torte tilts Mortgage discontinued at any [INC
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