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<br />ixnder's written agreement or applicable law. Borrower shall pay the amount of ail mortgage insurance premiums in Ilse-
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shall besot -e additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Bortower and Lender agree to other terms of paymrnt, such--
<br />amounts shall Ix payable upon notice from Lender to Borrower requesting payment thereof, and shall bane interest from the
<br />date of disbursement at the rate payable from time to time on outstanding principal under the Note untess payment of
<br />interest at such rate would be contrary to applicable law, in which event such amounts shall bear interest a[ the highest rate
<br />permissible under applicable law. Nothing wntained is this paragraph 7 shall require Lender to incur any expense or take
<br />any action hereunder.
<br />g. inspection. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />fiat Lender shall give Borrower uotiee prior to any arch inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />9. Condemnation. The proceeds of any award or claim for damages, direct or consequentiah in connection with any
<br />condemnation or other taking of the Property, yr part thereof. yr for conveyance in Iicu of condemnation, are hereby assigned
<br />and shall he 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 />with the excess. if any. paid to Burrower Tn the event of a partial taking of the Property, unle.^s Borrower and Lender
<br />otherwise agree in writing, there shat; he applied in 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 />Tf the Property is abandoned by Borrower, or if, after notice by tender to Borrower that the condemnor offers to make
<br />an award or settle a claim for damages. Burrower fails [v respond to Lender within 30 days after the date such ro[ice is
<br />mailed, Lender is authorized to collect and apply the proceeds, az Lender's option, either to restoration or repair of the
<br />Property or to the some sevurrd hv_ this Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend
<br />or pvsipvne the due date of the monthly instailmenis referred to in paragraphs 1 and 2 hereof or change the amount of
<br />such insfa[Imen[s.
<br />10. Borrower Mot Rzicasrd. Extension of the time fvr payment or modification of amortization of the sums secured
<br />by this Mortgage ,ranted by Lender to any successor in interest of 9ertower 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 ro commence
<br />proceedings against such successor yr refuse to extend time for payment or othernise modify amortization of tha sums
<br />secured by this Mortgage by reason of any demand made by the original Borrower and Borrowers stticcessors in interest.
<br />il. Forbearance by bender Mot a Waiver. .4ny forbearance by Lender in exercising am' right or remedy hereunder, or
<br />othetwisr afforded by applicable law, shall not he a waiver of or preclude the exercise of am• such right or remedy.
<br />The pra:urement of insurance or the payment of taxes or other liens or charges by Lender shall not he a waiver of Lender's
<br />right to accelerate the maturity of the indel;tednes secured h}• this A9ortgage.
<br />I?. Rete:edies Cumuhrtive. Ali remedies prosided in this \lortgage am distinct and cumulative to anv other right nr
<br />remedy under this Mvr[gage or afTorded h}• lace or ryui[y, and may be exercised concurrently. independently yr successively.
<br />13. Suc.-essors and Assigns Bound; Joint avd several f.iability; Captions. The covenants and agreements herein
<br />contained shall hind, and the rights hereunder shall inure to, the respective successors and assigns of Lender and Borrower,
<br />subject to the provisions of paragraph 1' hereof All covenants and agreements of Borrower shall be joint and several.
<br />The captions and headings of [hr paragr phs of this Mortgage are for convenience only and are not to hr itzed to
<br />inteepret or define the pmvisions hercvt.
<br />14. Notice. Except for any notice reyuired under applicable taw Iv he given in another manner, fa) any notice m
<br />Burrower provided fvr in this Mortgage shall t+e given by mailing such notice by certified :nail addressed to Borrower at
<br />the I'rz±pen}' Address ur n[ such ether uddre~, as $orrower may designate by notice to Linder Ss provided herein, and
<br />(bj am notice in Lender shall br given by Crnifird mail, return receipt rcquesteci, to Lender's address staErd brera or tp
<br />such vtisrr addmn as Lender may designate by notice to Born~wer as provided herein. Any notice provided fe: in this
<br />Mo: •.~age shall be deemed to have. been given to Borrower or ).ender whet. given ir. the .manner designateii herein.
<br />_ I5. L)nifurm klo[igage; Governing Law; Severablllty. Tt,is Furor of mortgage r~emhinex uniform covenants fe?r natinnal-
<br />use and non-uniform covenants a-i[h 6enited variations by jnrisdietion to wnstinar a uniform seventy instrument coveting
<br />real property. This Mortgage shall be governed by the low of the lurisdictivn in which the Property is located. in the
<br />event that any provision er elapse of [his btortgagr or the Note ttrnllicts with applicahle law. such cvnllict shall nut affect
<br />other provisions of this Mortgage or the Notc which can hr given rKect without the Conflicting provision, acrd 'v this
<br />end the provision. of the Mrn~tgagr and the Vote are declared to be severable.
<br />16. Borrowers Copy. Borrower shall be furnished a conformed copy of the Note and of this Mortgage at the time
<br />of execution ur alter recordation hereof.
<br />19. Transfer of the Properly; Assumption. 11 all or any part of [he Property or an interest therein is sold or h'ansferre[1
<br />by Borrower without Lender`s prior written consent, excluding (a) the crcntion of a lien or encumbrance su)wrdinute hi
<br />this Mortgage, tb) the creauen of a purchase money security interest for household appliances. (c1 a transfer by devise,
<br />descent or by oprraGun of law upon the death oC a joint Connor ur idt the grant of any leasehold imerest of three yeah ur less
<br />not .-ontaining an opiiop to punhasr, Lender may, at Lender`s option, declare cell the sums secured M• this Mortgage to he
<br />immediately due and payable. Lender shall have waived such option to acceler+.dr if, prier w the cult or tnmster. Lender
<br />and the prrsur. m whom the Property is to be sold or transferred reach agreement in writing that fit credit of such iw~nun
<br />is satisfnUUt}• to Lender and that the interest payable un the sums secured h}' this Mortgage shall ix at such rate :n tender
<br />shall request. If t ender has waived the option to nCCeleratr provided iu this paragraph 17, ,md if Borrewer's suCCCS-+nr .n
<br />inicrest has executed a written assumption agreement accepted in writing by Lender. Lender shall release Borrower from all
<br />obligations under this Monguge and rhr Note.
<br />tf Lender esereixs such option tv accelerate, Lender shall moil Borrower notice, of aecderalion in accordance with
<br />Paragraph ly hr:;-ui' y,;C!, „C,t,v.. ;ha,; 1>; wide a ~rioti of u>•t less than 70 da}s from the dote thz notice is mailed within
<br />which Hvrrowrr ntav pa+ !hr sums declared due lY Hortvwer (oils ro pay st,ch Lams prior to the expira[ivn .rf such pi-:rind,
<br />Lender may. without rusher notice or demand un Horrvwet, itevnkr auy retedies permdtoil by paragraph I8 hernrf.
<br />Norv-Llwl=oant t'uvean+rs. Borrower and Loader further Covrnam and agree as follows:
<br />2i1. Acrekratioo; Remedies. Fscepr as provided in paragraph 17 hereof, upon Borrower's breach of any covenant or
<br />agrremeat of Borrower in tbk Mongugr, fnciruUrtg the covenants to pay when dos any sums s~ecuted by tbb :Mortgage.
<br />L•etsder point to accekrtHfuu shall marl notice to Burrower av provided in paragraph 74 hsrraf sp.Kifyiug: il) the breach;
<br />l2) ifae actlao roytdrrd lu clue wch breach: (3) a dale, rmf less [hav JO days Conn the date fhe trolice •e mailed to Borrower,
<br />by which sash breach mast be cured; and (4) that fapnre fo cure such 6rrae4 ov or txforr the dais apsciHed is the notice
<br />may rewtl la acctderatiow of fhe won secured 6y this Murfgage, foreclosure by judkid procerdiog and sak of the Proprrty.
<br />Tha aotke shalt further inform Borrower of Ihs right to rriastate after accekration avd rhr right to assert in for foreclouura
<br />procaeditrg the torn-rsiueu.s of a dstatdi ur any wfter tkteuse of Borrower to ecrdsrat3on aeuf torra•I~urc. If the breach
<br />k not cured on w before the datr sprciHed in the twtice, Lrmter of Lrnder's option may declare all of the sums srcurtd by
<br />IbL Mortgage to be immediately doe and payable without further demarfd amt may fnrnltxse by judkial pnrceedfvg. Lrrsder
<br />idrtdt be salilkd to coBtct in sash pr«eedtatg d! esperxea of forertosure. itrrladlug. bW not Hmhrd to, cocas of drrcnmeMan~
<br />er#deece, aMiracta amt tltk reporra. _
<br />1'3. res>FSr's 'B- fit Rslusiata. Notwetl:s[artdmg Let[dcr's acceleraheu ut` ilte some sectrrei Fes' this 'vlvrtgagr.
<br />$veriwer Shari Wars t`nc right to have avy prtx~cedings begun by 7.¢ndcr [o eotvrcc tots s9angage discum,mred at any ntnc
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