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<br />Lender's written agreement ar applicable law. Borrower shall pa}' 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. shall become additional
<br />indebtedness of Borrower secured by this Afori¢age. Unless Borrower and Lender agree to other terms of pz}intent, such
<br />amounts shall be payable upon notice from Lender fa Borrower requesting payment thereof. and shall bear interest from the
<br />date of disbursement at the rate payable from time to time on outstanding principal under the Note unless payment of
<br />interest at such rate would be contrary to applicable law, in which event such amounts shall bear interest at the highest rate
<br />permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />- any action hereunder.
<br />S. Inspection. Lender may make or cause to be made reasonable entties upon and inspections of the Property, provided
<br />that Lender shall give Borrowtr notice priar to any such inspection .pacifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />9. Condemnation. ?Tae praceeds of any award er claim for damages. direct or consequential. in connection with any
<br />condemnation or other taking of the Property, or part thereof. or for conveyance in lieu of condemnation, are hereby assigned
<br />and shall be paid to Lender.
<br />In the :vent of a !oral taking of the Properp', the proceeds shall he applied to the sums secured by this Mortgage.
<br />with the excess, if ane, paid to Borrower. In the event of a partial taking of the Praperiy, unless Borrower and Lender
<br />otherwise agree in writing, there shall be applied to the sums secured 6y this '.fortgaee such proportion o ?e proceeds
<br />as is equal to that proportion which the amount of the sums secured b}' [his ~4ortgage immediately prior to the date of
<br />takena bears to the fair market value of the Property immediaiei7 priar to the date of taking, with the balance of the proceeds
<br />paid m Borrower.
<br />If the Property is abandoned by Borrower, ar if, after notice by Lender to Borrower that the condemnor offers to make
<br />an award ar settle a claim far damages. Borrower fai}s to respond to Lender within 30 days afar the date such notice is
<br />mailed, Lender is authorized to collect and appl}' the proceeds. at Len:''e;'s option, either to restoration or repair of the
<br />Propem' ar to the suns secured by this Efartgage.
<br />Unless tinder and Borrawer otherwise agree :n a~rinng, ane su.-~ applica+.:an of praceeds to principal shall not exten8
<br />or postpone the due date of the monthly installments referred to in paragraph 1 and 2 hereof or change the amount of
<br />such installments.
<br />10. 13arrewer Not Released. Extension of the time for payment or madificanon of amartizauan of the sums secured
<br />by This Mortgage granted by Lender to any successor in interest of BetTaw'er shah oat operate to release. in ane manner,
<br />the tiabilit)' of the original Borrawer and Sarraw'er's successors in interest, tender shall not be rcauired to commence
<br />proceedings against such successor ar refuse is extend time far payment ar otherwise madih~ amortization of the sums
<br />secured h}' this I.fortgaee b)' reason of any demand made by the orig:ral Bo^ow'cr and Barmwer's successors in interest.
<br />11. Forbearance by [xndu Not a Waiver..4ny foa-txaranec Fs" i ender ir: esercismg any right ar remedy hetttmder, or
<br />otherwise afforded 6y applicable law, shalt rtat-bc- a waiver rat or seclude the exercise of any such right or remedy.
<br />Tate procurement of insurance ar the payment of taxes ar other !lens or charges 6y i_endet shop not itc a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness ce^.ured b~' this ~tartgage.
<br />i2. Remedies Cumulative. AP remedies pra.:dcd ir. [his'.!artgage are distinct and cumulative to any ether tight or
<br />remedy under thu lvfortgage or afforded ba• law or equit. and may he cxtrcised concvrrentla', independcniir a; successively.
<br />11: Successors and Assigns Bound; faint and Ceveral Liabelih: Captions. "Rte rnvenants and agreements herein
<br />contained shalt bind, and the :ightt hereunder shall inure ta, the respecree successors and assigns of tender and Barrcawer,
<br />subject to the proaisions of paragraph 3? hereof :al covenants and agreements ~,F Borrower shall t+c joint and several.
<br />TTae captions and headings of the paragraphs of this Mortgage are for canverttnte only and are not to be used to
<br />interpret or define the provisions harlot. "
<br />Il. Notiet. Except far any notice rtaoittd under app~tcable law to t`c given :n another manner, ia) any noticz to
<br />Borrowtr provided far in this Mortgage shalt be given by mailing such notice by certified mail addressed to Borrower at
<br />tht Property' Address or at itch other address a. 8ermwer may designate ?,~' no,are to Lendtr as provided herein, and
<br />(b) any notice to Lender shall be gn'en by certified mail, retain receipt rtcue,ted. to Linder s address stated herein or to
<br />such ether address as Lendtr may dtsignatc by notice *.o Borrower as prov+ded herein. An}• notice provided for is this
<br />Mortgage sha31 be dtemt.. to have been giycn to Barrartr or [_rnder when t;iarer, in ttte manner designated herein.
<br />1=. Cnitarm ~'lortYage; Gucerninp Law; Severabilih~. Th=s term of mangage mmbincs uniform covenants for national
<br />use and iron-uniform covenants with limited variations by tut x9ictiar. to constinne a uniform se: rarity instrument covering
<br />teat property. This '`fatxgagt shall be governed by the law of the jur+sdaciian ir, which the Praptn)' is located. In the
<br />event that any provisaon nr rla=+se of this Mongagt or the \are tanflictc as ith applicable law. such canfiict shall oat affect
<br />other provisions of this \fongagt ar the Nate which can be gluon e:?tot v-~ithaut the conflicting provision. and to this
<br />end the provisions of the Mortgage and the 'Note are dre;artd to be stvcrabie.
<br />16, Borroweis Copy. Borrower shall :~ fvraashed a canfertrrd copy of the "tort and of this Mortgage at the time
<br />of tavcusian ar after recezdatiao hereof.
<br />17. Tryusfer of t\e Property: Aswmption. 3f all ar an) ;art ai the Praperiy tar an interest thtrein is sold or transferred
<br />by Borraavtr aiithaui Ltnder's prior wriaeta censen4 excluding ia7 the creation of s lien ar encumbrance subordinate to
<br />th+s ?rfartgage, 22a1 the crcatien of a purchase mint}" security mtertst fa°r hcusthold appliances. fez a transfer by devise,
<br />descent or by operation of 1aM° upon tht death of a taunt tortoni e; idt flat grant of au} leasehold interest of three years or less
<br />rani cantain'tng an option is purhase, Lender may, at Ltnder's option. declare all the sums sectored bt' tills ~Sortgagt to be
<br />emmtdiatdy du' and payabk_ tender shad have xaat-ed such epuon tc, accelerate :f. prior [e the salt or trar:sfer, Lender
<br />and the parson to whom tht Proptrty i' Ea be said er transferred reach :.gretmert vn venting that the crtdit of such ptr+aat
<br />is satisfaeian to Lendtr and that tht interest payable an the sums stcurtfl by this t',oncdgt shall be at such rate as Lender
<br />shall regaatst. if Lender has waivtd the option to acceltratt provtdtd an this paragraph 17, and if Barrnwtr's suc-user in
<br />inttrcit has txecuttd a +n'ritttn assumption agreema-:t aceepttd in writing by Lander. i_ender shall release Borrawer tram all
<br />ohligatiatts under this Mortgage and the Note.
<br />Ti Leaadts txtrcises such option to ac~;erate. Lang shaft mail Borrower notict of ac:.eleratian in accardanc~ with
<br />paragraph 24 ?atreof. Such notice shag provide a period of naa 1ts.s than '+L days from the date the novice is mailed withir;
<br />which Harrower may pay the sums declared dx. 1f Borr-o`+er fai6s ~c pay such sums prior to the c3pirtten ct each penod,
<br />ttndu maV„ wittaaut further ttaiirt ar demaand o Barr, v.er, im'oi,e ara}~ ;tmedirs y~rm:tied h' paragraph 1R htreof.
<br />Nr~-tiNiFOax CXYi'£t~ANrS. Bortoaver and Ltndcr further Caatnsnt end agte+ as Sollaws:
<br />tY. Aresieration: Rtmsdrss Fatepi rr€ pmaiAtd in paragraph i7 htreuf, upon $orruwer's hrtath of an}' cnarnant or
<br />rtQreeasrat of BorrnN"rr is t\is ~iurtgaRY, iuciudirrlt the coaenants to pay when due any sumo srcured by this tlorlf;agc,
<br />[,coder priar is aceeleratioN shsil oral! rrotks to Borrawer as pn,aidtd in paragraph 14 hereof apecihiag: ftl the breach:
<br />i2i tax action rtquind to cure such brtatb; +31 a daft, Hui ilea than 30 darn from tht date the Holier is mailed ro Borrower.
<br />by whk\ snr\ \reach must be cured: and {4} that faHure to curt such breath un ar before tht date specified in the uulirr
<br />arty s>;wit is ucshrafioa of Ilar suraa stcarcd by this xinrtg;~t, fnrtclusurt bt judisdai prutstdint( and salt of the Proptrty.
<br />. 11rs riotics shall famhtr iatotm Burrower o[ [bt r~ht to reiouate attar aectitrriiora and tbs si><ht to aaaert in the fartcioaure
<br />proresdiug tht non•txbtewtt of a Atfauh ur any ottatr rkfeasc trE $tarrr,wtt fo acctler;+tiuu and forecFcaturc, 1P the branch
<br />tit not rmxsd on or hefari t\e dart spccefied in the nptkt, Ixndtr ai Lrnflei s uptaaa naay dtrlare all at tbt soma sscurtd b}
<br />ihirt ~torttrKt to be immediately dirt and paaalak without furthtx dcarand and traay fore4lave ba judiceai pxuceeding,. Erodes
<br />short 1x ewWttd kt coNeti in strrh prottedluR all tstrases of foret"te,aara. inclnding_ brat Haar }enahtd tn, casts of dru:umtntar)
<br />svidtnst, ahstracis ;rod teat rrpurtx.
<br />39. lorrowrra flight to Rsirsaiatt ':: ~stk and n;; t r::-- ._ .~ri s+ "- n a t _ t d t to ;, h1 'ti_(
<br />1:Ea}F r't+wti kltrtli laavt iht rtjhi tf! iari_t ar., pr £a,.Cfid..t(,- hC~;-tit 1__,~il,; ..`+.: s' xt ,tfti ~ ..~.';':;t f~:.:-.1 s ,
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