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<br />(.ender', written agreement or applicable taw. Borrower shat( pay the amoum 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, shall become additional
<br />indebtedness of Aorrow•er secured by this Mortgage. Un)ess Borrower and Lender agree to other terms of payment, sttch
<br />amounts shall tae payable upt+n n^tice from Lender ro Borrower requesting payment thereof, and shah hear interest from the
<br />date of disbursement at the rate payable from time to time on outstanding principal under the Note notes, payment of
<br />interest at such rate would be contrary to applicable law, in which event such amounts shall bear interest at fhe highest rate
<br />permissible under applicable law. Nothing contained in this paragraph 7 shall require Ixttder to incur any expense or take
<br />any action hereunder.
<br />8. Inspection. i_ender may make or cause tc+ be made reasnnaMe entries upon and inspections of the Property, provided
<br />that Lender .hall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />9. Condemnation. The proceeds of any award nr claim inr damages, direct or consequertiat. in connection with any
<br />condemnation or other taking of the Property, nr part thereof, or for rnnveyance in lieu of condemnation, are hereby assigned
<br />and shall he paid to Lender.
<br />In the event of a rota) taking of the Property. the proceeds shat! he applied to the sums secured by this Mortgage.
<br />with the excess. if an}•. paid to Borrower. in the event of a partial taking of the Property, unless Borrower and Lender
<br />oherwise agree in writing, there shall be applied m the sums scatted by this Mortgage such proportion of Ehe proceeds
<br />as is equal to that pmpottion which the amount of the sums secured by this Mortgage immediately prior to the bate of
<br />taking boars to the fair market value of the Property immediatey prior to the date of taking, with the balance of the proceeds
<br />paid to Borrower.
<br />if the Property is abandoned by Borrower. or if, after notice by Lender to Borrower that the condemnor offers to make
<br />an award or settle a claim for damages. Borrower fails to respond to Lender 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 to restoration or repair of the
<br />Property ar m the sums secured by this Mortgage.
<br />linlasx Lander and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend
<br />nr postpone the due date of the monthl}• installments referred to in paragraphs 1 and 2 hereof or change the amount of
<br />such installments.
<br />10. Burro»er Not Released. Extension of the time for payment nr 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 he reyuired to commence
<br />proceedings against such successor nr refuse to extend time for payment or otherwise modify amortization of the sums
<br />secured by this Mortgage by reason of nny demand made by the original 8ormwer and Borrower's successors in interest.
<br />11. Forbearance by Lender Nnt a Waiver. .Any forbearance hs• Lcnder in exercising any right or reined}• hereunder, or
<br />otherwise afforded by applicable law. shalt not to a waiver of or preclude the exercise of any such right nr remedy.
<br />The procurement of insurance or the payment nt taxes or other liens or charges by Lender shall not he a waiver of Lender's
<br />right to accelerate the maturih• of the indebtedness ,ecured by chi, Mortgage.
<br />l2. Remedies Cumulative. All remedies provided in thix Mortgage are distinct and cumulative to any other right or
<br />remedy under Chic Mnrtgace or afinrded by law ^r cyuity, anJ may he exercised concurrently, independently or successively.
<br />I3. Successors and Assigns Bound; Joint and Seseral Liability'; Captions. The eovanants and agreements herein
<br />contained :hall hind, and the rights hereunder ,hall enure te, the respective successors and assigns of Lender and Borrower.
<br />subject to the provision, of paragraph 17 hercol. All covenants and agrremens of Borrower shalt tx; joint :end several.
<br />The captions anJ headings of the paragraphs of this Mortgage art for comenrenee only and arc net to be used to
<br />inlet; rct nr define *.he provisions hereof.
<br />l4. Notice. Except for any notice reyuired under applicable law to be given m another manner. ial any notice to
<br />Borrower provided for m thin Mortgage shall be given by mailing ,uch notice by ccrnfied mail addns,ed ua Borrower at
<br />the Propene .A;Idres or .u arch other addre„ :r, But rower max Jrsignatr by notice to Lrndrr as provided herein. snJ
<br />lh> an, nonce Io Lender +hali t+e given he cenificd marl. return recey.t eeyuestad. rn I ender', address stated herein nr to
<br />,uch other address as Lcnder mai designate hx notice m Bormwrr a, prowdad horn, Ana nndx'e nruvtJed hx m this
<br />Mortgage: shall tar deemed m have born gtvan.tt. ftornawer ar I coder when given in !hc manner cleaignatrd herein.
<br />iS. L'nifnrm MortAagr, GuvrrnirrK Caw; Seret•abGlty. 7hn form nl mortgage combines uniform cuvenanh for nanon:ti
<br />uu: and non-uniform uwenant, uitfi Lmited yanaUon, h, i~ncdicuon a ,:,_,nstintre a uuifonn xcurity instrument ,ovenng
<br />real pt opera lhi, Mortgage ,hail Fx guxen+ed by the law nt the ~.un,d rc'uun m as bleb tha Property .v loratrd. In the
<br />event !hot any provaian of a:ursc ui the, \1 o!Ygaga ar the Vote cnntlixr, ., i(h ,rpplieahlr law. wet: antllia ,hail not .died
<br />other pnevciom of rho Mortgage or the Vote ~ahe.h e•,n he cr, en clla.t without the ,nnlli,lin¢ pro. (,inn. :end to chi,
<br />end the proywions of the Mangage _urJ the emote ece Jet lured ro he ceventhlr.
<br />l6. Bornrwer's Copy. Borrower ,hall he turnr,hed .: conformed cop} nr the No:c end ; i the, Mot[pugc .u the time
<br />of rxcawirnt or .utrr recordation hereof.
<br />17. Transfer of the Prupeny; Aseumptiat. it all or an} part of the Pmprnv nr .m nttvre,r nc~ram i, „rid e•r tr:unfet reJ
<br />by Bnu•.w rr wnhaut LcnJrr', pt inr wnttrn ron,em, excluding lot tha cn•ation of a hen .n me unrhran.c ,uhntdmate rn
<br />the, Mortgage. chi the ctratron .,f e pu rchax monrv uritx interest tnr hou,rhold .rpph.ut..c,. a .r ir:ut,let hs chaise.
<br />descent or h} oixrauon o! law upon the death of a form~nwu u.
<br />LenJar nta}, nI Lcnder\ opuun- dcc[ate all rhr unn, ,ccnred by this \L,rtgugr t„ La.
<br />munedrvelx due .end payable !ender ,h.Jl ha,r w,usal ,uch upuoa ro aca°let ate ir. ...r ro .hc ,,de rn n-.u r,ter 1 cuJrt
<br />:end the Iq•nnu to whom tha Protkm n !o hr ,ohl nr ton»IrncJ reach .rgrcement m .antmg that the crc,lu n{ .n,-h pe rvon
<br />o sutnia. tun n, Lender :ud !ir..: nc~ tort, c+r I,a}ahl.• uu the vent, ,ceurcd b, rho lhatgagr .h,rll he et ,::-rch rate .e, ! enter
<br />shall teyuast If I ender h.,. wa,acJ 'ttc ~~pt!un to tsclcr arc pros:JeJ !n du, p., r,,_i,y,h !" utd ~.! But new cr , ,uca^„nt ~^
<br />rttlarc,t ha, exc. rtc<t a wnnrr -,a,unephan agrernttnt aa.. eprcJ m wrung lrv Lender. I endct ,Intl rrir.ue Hon own !rum ,ell
<br />ubhgaunns under this yoctgage and the tints .
<br />II I r,.tdcr axrrctse, ,;.ch nl:uu:~ to a.,clrt .tt: I cn,lcr ,hall marl Hot row e! nuuar rr .rc ri taro u,~!i ~: .n,.uJ;ut.c .vth
<br />p:rr:tgruph Lt hrrrof tinah nuu,c .haFi i.nnrdc .r t,cnoJ of mgt Ica. than lU Jac, te,nn !ht ,tart r}ev n,.d i.r „ nruilcd urthur
<br />which Borr„wcr may n tnc -urn, dcJ,:r r,1 de,t It Bagruwci furl, is pat , iJr , un, pa ice t,- the tynr:e!~rai ,~( ,.nh pru,rd
<br />Lando ma} uuhout further sr,+r r.'.- .,r tctt,a^d ~ er Itnn o.. er. na,.lc .:nt n•mc•dre, pct m=nca t,a I~•: r.r};r;t plc !d barcu[
<br />Nun-l'~u ua sl (ex r~. rte;, Hvr row ea .aid I ender tm!hr, .u'.rn,un utd .rstce :, t.,ilow.
<br />ig. Acceleration; Rrutedie., Fxcrpt rs prutided is paragraph 17 henut, upon Burrow cis blench nl uuy eo. mtaui ur
<br />agreement rtf Boren»er in this ~iurtgake, inciuditpt the cna rurnt+ to pay when due xm sums ,rcurrd h} thi.+ Vnrlgage.
<br />[,cadet prior to accrlrratiun shall mail rwekr w Bnrrun rr as pruaidrJ in purugruph !J hrn•ot ,pacifying: 111 the farrach;
<br />i2) ihr action required to cure +uch Mrxb: rJt a aiatr, nut Ie,<+ than JO clay-, From the date the ^otice is ntuOeJ to Bonnw et.
<br />Av whk6 +uch brrw~h must be cured; and Nt that Iailure to curt web Ixeaah un or brture the date specified in the notice
<br />may trtauli in uccekration of the sums secured by This Nurlttaitr. furrsluxlorn by judH~iai pruarrJink and sale of the Proprrh.
<br />'fhe notfce shall ftulhrr ia(ornt Burro»er of the rip,ht to reinntalr aRrr aeveleratwn ant the right to u,,:eri in the forrclosurr
<br />prwcrdittg the nun-ralrtrme ut a default or am uthrr rlrfrttar of Burru»rr to accvlcratiun and Fon•rhpurc. if INr Arrach
<br />is tttq cured nn ur Ixfurr the dale speclBed in the nutter, Lcnder ai Lectdar's uptunt ma} deslarr ull o[ the sumo xcured h}
<br />thlt titnrtyake lu fir immadattly due and payaMc witfwW furllaer demand and may (wralu+r try iudirral proreedietk. i rcula•t
<br />shall fa• rtttilled !u collrat in such prueeeding sr71 rxpersses of furrriar+urr, includinK, hui nut IiadteJ tu..usts of Jur:untentuc+
<br />rvirlrner, alptracts and tide reports.
<br />tq, 8ornr»rr's NlRht to RrJUwale-'s stw nh,tanrirng 1 ender , .rrcr„n.•n ,d :~.. .,. , ,... act ! .. AL,t tg.ct;c
<br />Hot n,w rr ,.ra!I h:r: c• +hc sigh: ~r• itaxa ; rucacdur, ,s g, .. i r.,:c ., .., il.~ t r. ... .. , t~ni:
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