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<br />tinder'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, shalt become additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment, such
<br />amounts shall be payable upon notice from fender to 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 aayment 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 />8. Inspection. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that Lender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />9. Condemnation. 7be proceeds of any award or claim for damages, direct nr consequential, in connection with any
<br />condemnation cer other taking of the Property, cer 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 proceeds shall be applied to the sums 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 and Lender
<br />otherwise agree in writing, there shall be applied in the sums secured by this Mortgag° such proportion of the proceeds
<br />as is equal to that proportion which the amount of the sums secured by this Mortgage ,mmediately 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 [he proceeds
<br />paid to Borrower.
<br />if the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that [he condemnor offers to make
<br />an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after tfie 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 />Propern~ or to the sums secured by this Morteage.
<br />Unless Lender and Burrower otherwise agree in writing, any such application of proceeds to principal shall not extend
<br />or postpone the due date of the aonthly installments referred to in paragraphs 1 and 2 hereof or change the amount of
<br />such installments.
<br />10. Eortrower Not Released. Extension of the time for payment or 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 arty manner.
<br />the liability of the original Borrower and Borrower's successors in interest. Lender shall not he required to commence
<br />proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the sums
<br />soured by this Mortgage 6v reason of any demand made by the original Borrower and Borrower's successors in inh rest.
<br />Il. Forbeatawce by Lender Not a Waiver. Am• forbearance b}• Lender in exercising one right cer remedy hereunder, or
<br />otherwise afforded by applicable law, shall not fte a waiver of or preclude the exercise of am' such right or remedy.
<br />The procurement 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 indebtedness secured by this Morteage.
<br />12. Remedies Cumulative. .411 remedies provided in thin Mortgage are distinct and cumulative to am• other right or
<br />remedy under this Mortgage or afforded by !au• atr equity. and may he exercised concurrent)}. indcpendenth' or sarccessiveh•.
<br />13. Succe~ors and Assigns Bound; Joint and Severn Liablity: Captions. 'The cawcnants and agreem- herein
<br />con*.ained shall bind. and the rights hereunder shall inure to, the mspective successors and as<igns of Linder and Borrower.
<br />subject to the pmvisians of paraeraph 1? t~reof. All covenants and agr tarr7:Ai4°ellaaarrawer shall he mint and several.
<br />The captions and headings o[ the paragraphs of this Mortgage are r. ~epnvenicnge~ly and arc not to he used to
<br />interpret or define the provisions hereof. ~ ;, '~.
<br />I0. Notice, Except for any notice required under applicable t;t'ia 6e given •in ~at~}iT~r manner, tat any notice to
<br />Borrower provided for in this Mortgage shall be given h}' mailing ch•'nntice?tpy certifiedaii;}il addressed to Borrower at
<br />the Properly Address or at such other address as Borrower may g1 aee'by,-npiice to Leti~er as provided herein. and
<br />(b) any notice to Lender shall be given M cer*~fied math return r ipt=rcgttestedt; to t ead~'3 address stated herein nr to
<br />such other address as Lender may designate by notice to Bartow as '~raeided herein. An% notice nnn•ideti tar in this
<br />Mortgage shall be deemed !o have item given to Burrower or Londe w~re.A.gjven in tte~ manner designated herein.
<br />15. Uniform Mortgage; Governing Law: Severability. This form- gage con~bin@s uniform ~ r+renants fur national
<br />use and non-uniform covenants with limited variaiiam he jurisdiction to riufl~ a~~}ttgiForm secant} ^strumrnt covering
<br />mat properly. This Mortgage shall be governed by the taw of the iurisdic ~• ritldsi}Iiich the Propene is located. In the
<br />event that any provision or clause of this Mongage or the Note conltrcts with anplicable law, such conFlict shall oat atTect
<br />other pravisinns of this Mortgage or the Note which can be given etTect without the cnnt~icting pmvisian, and to this
<br />end the provisions of the btnrtgage and the Nate are declared to be severable.
<br />16. 1lnrrowcr'S Copy. Bor[awer shall be furnished a conformed copy of the- Nnte and of this Morteage at the time
<br />of execution cer after rewrdation hereof.
<br />iQ. Trasslbr of tk Property; Assumption. If ail or anp~ part of the Property or an interest therein is sold or transferred
<br />by Borrower without Ixnder's pricer written consent, excludin¢ ta) the creation <f a lien cer encumbrance suhordinate to
<br />this Aiortgage, {b) the creation of a purchase money security interest for household appliances. ic1 a transfer by devise.
<br />descent or by operation of law upon the death of a joint tenant nr
<br />Lender may, at Lender's option, declare all the sums secured by this kiertgage to be
<br />immediately due and payable. tender shall have waived such option to accelerate if. prior r., the sale or transfer. Lender
<br />and the person io whom the Property is to be sold nr transferred reach agreentant in wciting .hat the credit of such person
<br />is satisfactory to Lender and that the interest pa}'able on the sums secured ht this Mortgage shall he at such rate as Lender
<br />shalt request. If I..endar has waived the option to accelerate pmvidzd in this paragraph 1?. and if Borrower's successor in
<br />interest tax ezccuted a written assumption agreement accepted i.^~ writing lt} Lender. Lender shall release Borrower from all
<br />obligations under this Mortgage and the Nate.
<br />if Lender exercises such option to acceluare, 1_ender ;hall mail Aorrowcr sauce of acceleraaion m accordance with
<br />paragraph 3y hereof. Such native shall provide a aeriod of not Tess than 3d days from the date the no!ia- is mailed within
<br />which Borrower ma}• pay the sums declared due- if Borrower faces ro pay su fi sums poor !o the espiratinn of etch penod.
<br />Lnder may. u:tt;out farther nati:~e cer detttartd nn &trrawer ~nsoke cer: rernzdies pernutted by paragraph 1 ~ hereof.
<br />Nor:-ti~tFareu Covttr:,xN75. Burrower and Lender further covenant rod agree a; tallow*_:
<br />I8. Acrekratiwu; Remedies. Fatept as prodded in paragraph t7 hereof, upon Borrower's breach of any revenant cer
<br />a(rsemewt of Borrower in This '.liarigafge, including the covenants to pay when due am some secured by this 1lorlgage.
<br />Lender prior to accekraliap shag mail entice to 6orrawer as prodded in paragraph 10 hereof specifying: tli the breach;
<br />f=) the action required to ewe each breach; (3) a date, not less than 30 days tram the date the notice is mailed to Bareawcr,
<br />by wltidr.tatch breach must be cured; and (Q) that failure to rare such breach nn or before the dale specified in the notice
<br />mry rtesYM is avcderatioa of the sums secured by Ihis Mortgagt:, foreclosure by judicial proceedLtK and sale of the Property.
<br />Tht wMke shatl further initrtm Burrower of the right to reimtafe after acceleration and the right to assert in the ioreclosure
<br />procadiq the woo-eskJence of a defsWl cer any other Aefensc of Borrower to acceleration and foreclosure. if the breach
<br />is aol cured an or before the drte specified in the twtit:e, Lender at Letuter's option mry declare all of the soots secured by
<br />ibis AfartYage Irs be immedwtefy dux and payabk without further demand and ma} foreclose by judicial proceeding. ).ruder
<br />shalt be entitled to collect in such pracecdfwg all expenses of foreclosure, including, but no[ limited to- costs of dac wnrntar}
<br />evidence, abstracts aced tine reports.
<br />19_ iorrower's Right to Reirotate. Nnawtthstanding i ender s ,. ~ricrat~on of the ,urn. u•cur ~d by the Mrx tgagc.
<br />Borr~wet shaPi have the right to have am proceedings ttegun h} i.rndet to enforce tlr,s A1~u:gage ohs. unuuued .~i ~ un;r
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