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<br />I,etuler's written agreement or applicaFsk law. Borrower shalt pay the amount of all mortgage insurance prdniurru in [he
<br />manner provided under paragraph 2 hereof.
<br />Any amourts disbursed by I.eoder pursuant to this paragraph T, with interest thereon, shag become additiomt
<br />indebtedness of Rorrosver secured by this Mortgage. Unless Borrower and t.endar agree to other tests trf payment, such
<br />arno[mts shaA be payable uprm notice from Lender to Borrower reg4xsting payment thereof. and shell bear interest from the
<br />date of dishurstmtent at the rate payable from time to time on atbtauding prir[eipal under the Note unless paptatxtt of
<br />interest at such rate would be contrary to applipbk law, in which event sttclt autamts shag bear iMtresf at the highest raft
<br />permissible under appiicabte law. Nothing cantairted in this paragraph 7 shag requite I.r:ttder to incur any expetBe cr take
<br />any action hereunder.
<br />S. lrtspectlan. Lender may make or cause to be made reasonable entries [rpwt and itrspec[ions of the Properry, provided
<br />that tinder shall give Borrower notice prior to any arch inspection specifying reasonable cause therefor related to 4ender's
<br />interest to the Property.
<br />9. CotrdetnnaHorr. The proceeds of any award or cisim for damaaes, direct or consequential, in connection with any
<br />condemnation or other taking of the Property, ur part thereof, or for conveyance 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 procceds shall lee applied to the snms secured by this Mortgage.
<br />with the excess, if any, paid to Borrower. In the event of a partial taking of the Property, unless Borrower grid Lauder
<br />otherwise agree in writing, there shall be applied to the sums secured by this Mortgage-such proportion of the proceeds
<br />as is aqua! to that proportion which the amount of the sums secured Irv this Mortgage imtnediatety prior to the date ~
<br />taking bears to the fair market value of the Property immediately prior ro the date of taking, with the balatrce of the proceeds
<br />paid to Borrower.
<br />If the Propeny is abandoned by Borrower. or if. after notice by bender to Borrower that the condemnor offers to make
<br />an award nr settle a claim tt[r damages. Borrower fails to respond to f.endtr within 30 days after the date such notice is
<br />mailed. Lender is authorized to collect and apply the proceeds, at Lender's option, either io restoration or repair of the
<br />Propertv nr rcr the sums secured by this Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not ezterid
<br />or postpone the due date of the monthly insfal{ments referred to in paragraphs I and 2 hereof or change the amount of
<br />such installments.
<br />i6. Borrower tint Released. Extension of the time for payment or modiScation of amortization of the sums secured
<br />i+y this Mongage granted by Lender [n any successor in interest of Borrower shall not operate to release. in any manner.
<br />the liabitiq~ of the original Borrower and Borrower's successors in interost. Lender shall not t>e required [o commence
<br />proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the sums
<br />secured be this Mortgage by reason of any demand made by the original Borrower and Borrower's successors in interest.
<br />i t. Forbearance by Lender Nn[ a Waiver. .4n}' forbearance by Lender in exercising any right ar remedy hereunder, or
<br />otherwise afforded h+' applicable law. shalt not he a waiver of ur preclude the exercise of any such right or remedy.
<br />T7te procurement of insurance or the payment of taxes or other liens or charges by Lender shall not t[e a waiver of Lenders
<br />fight to accelerate the ma«rria• of tHz indebtedness secured by this Mortgage.
<br />12. Remedies Cumulative. All remedies provided in this Mortgage are distinct and cumolativt to any other right or
<br />remedy under !his Murtgaee or at7nrded by law ur equity. and may ere exzrcised concurrenth•, independently ur successively.
<br />13. !^uccessars and .lssigns Bound; Joint and Several LiabBlty; Capfiorrs. "T'he covenants and agreements herein
<br />contained ,hall bind.::nd the rights hereunder shall inure to, the respective succexsars and assigns of Lender and Borrower.
<br />subject to the provisrons ,sf paragraph ;7 hereof. A!1 covenants and agreements of Borrower shall be joint and several.
<br />The captions and headings of the paragraph of this Mortgage are for convenience only and are not ro Ire used io
<br />interpret or define the provisions hereof.
<br />1d. \otice. Excep[ for any nonce required under api?licable law to be given m another manner. tai any notice to
<br />Bern-war pm-vided for in *.his Mortgage shall he givrn by mailing such notice by certified mail addressed to Borrower at
<br />the Property Address ar ^t such other address as HerNwvr may designate by notice to fender as provided hereto. and
<br />Ih) any notice to Lender shalt be green h} certified marl. return receipt requested, to t enders address stated herein or to
<br />such other address as I.erder stay designate by notce to Borrower :rs pru+'iried tcere+n. Anv notice provided fur in this
<br />Mortgage shall fez deemzd to harz Been given to Rurmwer .,r t .rider when given iri*Nre ttsa+rtrerdE`signa#ed herein.
<br />1 S, Uniform Mortgage; Governing f..aw; SeverahiNty. I?;i> fxm of mongagt cr+'unif3trm i~venants far national
<br />use and ^uo-tu[dnrm covenants =+~ith limited vanauons bg~ tunxiiction to ;onsUtutt`•g tti~ef~Mtt ~ettriN irtstrtitnenf Covering
<br />real t ~opxrt+~ lhis Mori3age shaE! ':~ cuverned by the law t,f the !:;r;s:i;at:e:,= i ~ +vliielt rite Are+neny is Icica[zd. Tn the
<br />event,that :en+ provisi.,n nr clot++.e .+f this Mortgage .v the Nate contiicts with app4cabte law, ouch conflict shall not affect
<br />other ;*r:~~:sa,m of :his Mortgage or the Note whrch can F+e fticen etieet -+v+hnut the :un8icting pruvisioa and to this
<br />end the pnw+aon, of the 'Mortgage and the Vote arc <fedared to f+z severable.
<br />16. Borrower's Cups. Borrower shall he furnished a conformed copy nt the tiote :rid ~+t this Mortgage et the time
<br />of excaudnn or after recordation Hereof.
<br />I7. Trsasfer of ttse Property; assumption. tf alt +,r any part of the Property or an interest therein is ,old or transferred
<br />by Borrower wthout Lender's poor written consem. excluding ia) the +reati<[n of a !ten rr encumbrance ~uHordinate «?
<br />this Mortgage, tb) the creation a[ a purchase nxmey security interest for household appLances, (cl a rransfnr by dzvise.
<br />descent or by .+peranat at taw upon the .tooth ui a iouu tenant :x
<br />Lender may. at Lender'; option, declare all the scans secured by this Mortgage to he
<br />immediately due and payable 1 coder shall have waived such option to accelerate if, prier io the sale .?r transfer. Lender
<br />and the [>rtaon to whom the Pn+pert} i, to hxr sold rn transfen~ed reach agrecmam tit writing that the credit of wch person
<br />is satisfacmrrv rn Lrndat :,od that the intztest payable on the ,um, secured h} this Mortgage shall hz at swab rate as Lender
<br />shall request. If [ender has waived thz np«on w accelerate pro+ideu in this fvragriph i'•. and i( Borrower's successor in
<br />interest ha. executed n wraten assume:ion agreement accepted in a-riimg by Lender, 7_ender ,hall release 6urn>wer from aft
<br />obligations under this Mortgage and *.Hr Notc.
<br />1! Lender exercises seaah option to accelerate. Lender ,hail mad Borrower notice :,f aecelura«on in accordance with
<br />paragraph i4 hereut. Such notice shall provide a period of nrd less than ~0 cf aye from ;he date the notice is mailed within
<br />whrch Borrower may pay the utnx aec!.ue.{ due. 3: Borrower lath ~o p.r,. +u+h ,run. error to the :expiration r,f such pet iu+i.
<br />Lerida[ may. u rth .tit fnrhe ~a :cc -'r :lmand .gin tiurrouer -_: ,lee .+,n -•med:.s t,e.._.ned paragraph I R her~=uf-
<br />1vo^:-Lsstroan+ t:ovsan~7s Botrnwar ate : t_en.3er further +~_:,-ei,.,u~ .to+; agrty ,. ~,_ haws
<br />18, .4cceleratirru; Reredies. E;xrept a, provided in paragraph t7 her«rt, upon Borrower's breach of any covenant ex
<br />agreement tit Berrvwrr fn this Mortgage, irrc)udieg for euvenants to pry when due nay carne crcura•+1 by this for[gage,
<br />i.euder prior to acceleration shall mail mNice !n tlMrewer zs provided in paragraph li hern,i specifyirpt: 11) the breach;
<br />(2) toe Mien required to cure such breach, t3) a date, [art Tess [ban Ju da}s trtun for dart the noti. e i ntaited io Borrower.
<br />by v#ich sarh hrea+:b mast be cored; and idl that Failure to ewer such breach on or before the date specified in the twtice
<br />may resah in accekratian of ttte sums ,scored by this ~lertyaRe, Forralartue by jtrdkiai proseedi~ and cola of the Peuprrty.
<br />"tlrc noske shat further in#orru Borrower of the eight to reinsltue after acceteratioa and the right to assrrf in the forecl+rsure
<br />proceeding the »ortnexirdetrae of a defauh of any ofhar rkfease of i({orrower W acceleration and fnreclawrr. !f the bntach
<br />ks rw/ c-aced oa ar befatre fire date specified Fn the: asrtice, Lender at Lender's eptlon may declare alt of ttsr stuns secured by
<br />tirh Mortgage to ere immetliatciy due and pryabie without further demand and tort t+urcbase try judicid prwreding. !.avatar
<br />t!k~ err eatirfed to rotiea:t io sach proceedF>~ alt exptrm;rs et ftrrecfuwre, iocludNpt. bur wet limt[ed to, cn+is of dotumeotary
<br />evidern~r, abstracts and tale rrpurts,
<br />i9. Aurrnwer'a fiig6t to Reiaamte. =.+rtwith rar;oe[g ix+a3e?-+ .a..c tcreu+air -_. ,. .non ,ezcured nv tin, `rtur tgage.
<br />Pn,€r~-.r <hai: ha{e the ristt ,. t,ryt, -:+. ,_.,,:;,: ;si :s.+ *+.• , . ....:. :,, ,:. :.,.. ..,i ...+..
<br />• _ ..-eta;. t , ,~+~. . !., : sa.. ,eicl - _
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