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<br />Leader's written agre:ment or applicable taw. Borrower shall pay the amount of all mortgage insurance premiums in the
<br />meaner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, sviih interest thereon. shall become additional.- -
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment, such- _
<br />amounts shall bt payable upon notice from Lender to Borrower requesting payment thereof. and shalt 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 ai such rate would be contrary to applicable law, in which event such amounts shall ba,.ar interest at fhe highest rate - -
<br />permissible under applicable law. Nothing contained in this paragraph 7 shalt require Lender to incur any expense -or take -. -
<br />any action hereunder. -
<br />8. ittstsc9on. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided. ~ -.
<br />that Lender shall eive Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's-.-
<br />interest in the Property. - , -
<br />9. Condemnafion. The proceeds of any award or claim for dama¢es, 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 event of a total taking of the Property, the proceeds shat! 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 to the sums secured by [his Mortgage such proportion of the proceeds-
<br />as is canal to that proportion which the amount of the sums secured by this Mortgage immediately prior to the date of
<br />taking Liars to the fair market value of the Property immediately pear to the date of taking, with the balance of the pracceds-
<br />paid to Borrower. - --
<br />If the Property is abandoned 6y Borrower, or if, after notice by Lender to Bortower that the condemnor offers to make-.
<br />an award er 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 restorafipn or repair pf -rt,P_.., --
<br />Property or to fie sums secured by this Mortgage. - -
<br />Unless Lender and Borrower otherwise agree in writing, any sorb application of proceeds to principal shall not extend.--
<br />or postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of
<br />such installments.
<br />10. Borrower 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 any manner:
<br />the liability of the original Borrower and $orrower's successors in interest. Lender shall not be required [n commence
<br />proceedings against such successor or refuse to extend time for payment or a[herwise modify amortization of the sums
<br />secured by this Mortgage by reason of any demand made by the original Borrower and Borrower's successors in interest. -
<br />11. Forbearance by Lender Not a Waiver. .4ny forbearance by Lender in exercising any right er remedy hereunder, or
<br />otherwise afforded by applicable law, shall not be a waiver of nr preclude the exercise of any such right or remedy,
<br />The procurement of insurance or the payment of taxes ar other liens or charges by Lender shall net be a waiver of Leaders
<br />right to accelerate the maturity of the indebtedness secured by this MartgaGe.
<br />12. Remedies Cumulative. All remedies provided in this Mortgage are distinct and cumulative to any other right ar
<br />remedy under this Mortgage or afforded by law or equity, and may he exercised concurrently. independently or successively.
<br />13. Successors and Assigns )found; Soipt and Several I,iabHity; 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 17 hereof. All covenants and agreements of Borrower shalt be joint and several.
<br />The caption.=, and headinYs of the paragraphs of this Martgage tree for convenience anty and are oar to tn: used to
<br />interpret er define the provisions hereof.
<br />1G. r'otice. Except for any notice required under applicable taw to he given in another manner, (n) env natice to
<br />Harrower piaVided for in this'.tortgage shalt he given Fy mailing such notice by certified mail addressed to Borrower at
<br />the Properly Addmcs tx ut such other address ~s 9orrower may designate by notice to Lender as provided herein. and
<br />{bl arty natice w Lender sh:dl he given ty orriihed mail, return receipt requested, to i ender s 2ddtess stated hr--rein or to
<br />such other address as Lender may designate by notice to Borrower ss provided herehr. ;env trutic~ provided for i[t this
<br />Z'iortgage shall tae damned to havz peen givcu to 6orrawet or i.cnder when given in lhr manner designated herein
<br />13. uniform :'vlartguge: Gorrrning [.aw: Srtrrabiiity. This form of mortgage camhines unitarm cuvenan[c_ tar na[ieaal
<br />use and non-uniform covenants with limited variations by iurisdic[ion to constitute a uniform securi ry~ instrument eavering
<br />real properry•. This Mortgage shall be governed by the law of the jurisdiction in which the Property is located. Tn the
<br />event that any provision or clause of this Mortgage or the Note conflicts with applicable law, such conflict shall not effort
<br />other provisions of this Mortgage or the Note which can be given effect without the conflicting provision. and to this
<br />end the provisions nl the Mortgage and the Note are declared to he severable.
<br />18. Borrowers Copy. Barrawer shall he furnished x conformed copy of the Note and of this Mortgage at the time
<br />of execution or after recordation hereof.
<br />19. Transfer of the Property: Assumptipn. I( all or any part of the Property or an interest therein is sold or transferred
<br />by Borrower without Lender's prior written cc nsenr excluding ta) the crrntion of a lien or encumbrance suborciinate to
<br />this Mortgage. (h) the creation of a purchase mnneV security interest for household appliances, (c) a transfer by devise,
<br />descent or by operation of law upon the death of a taint tenant or Idl the grant a( any Isas._shald intetut of three years or Is-s
<br />not containing an option m purchase, mender may, at Lender's option, declare all the sums secured by this Martgage to bt
<br />immediately due and payable. Lender shall have waived such optian to accelerate iL prior to the sale or transfer Lender
<br />and the persrnt to whom [he Aroperty is to he sohl or transferred roach ugreeme^t in writing that the credit of such person
<br />is satisfactory ro Lender and that the interest payable on the sums secured by this Mortgage shall he at such rate as lender
<br />shall eeques[. tf Lander has waived fhe optian to accelerate provided in this paragraph 17, :md if Barrawer's successor in
<br />interest has executed a written assumption agreement accepted in writing by Lender, i-ender shall relr:ue Barrawer from alt
<br />obligations under this Mortgage and the Note.
<br />If tender exercises such •:ptiun to accelerate. Leader shall mail Borrower notice of acceleration in accordance with
<br />paragraph Id hereof. Such natice shall provide a period or not less than 30 days Tram the date the nutter is mailed within
<br />which Horan+•cr may pay the sums declared due. if Harrower fails le pay such ,ems prior to the expiratiatt of such period,
<br />Lender may, without further notice car demand on Harrower, invoke any remedies pernmted by paragraph tg Itcreaf.
<br />Noss-UlufeoaM favenerrrs. Borrower and tender further covenant and agree as tullows:
<br />18. Acseleratton; Remedies. Except as provided In paragraph 17 hereof, upon Borrowers breach of any covenant ur
<br />agreement of Borrower is the M1lorigage, including the covenants M pay when due any surtts secured by this R1origage,
<br />Lander prior tp acceleration sha7! maH notice to Borrower as prorided in paragraph 14 hereof specifying: (!} the breath:
<br />(2) the action required to cure such breach; !3) a dale, not Itrx than 30 days from the date the notice iv mailed to Borrower,
<br />6y which such breach must tie cured; and (41 that taUurc to cure such breach on nr ltefore the date specified in the notice
<br />mtey result in accetew4lon of the sums secured by this Morl);age, foreclosure by ptdtsial proceeding and salt of the Property.
<br />'flee nptict sheet further inform Borrower of fhe right to reinstate after acceleration and the right to assert in the forrdosure
<br />proceednng fhe npn-ex[stence of a default or aay other defense of Borrower lp acceleration and fareclpsure. If the breach
<br />is tilt[ cured on or bt€ore the date specified en fhe votice, Lender et [.cadet's optian may declare all of the sugts secured by
<br />the Mortgage to l:e imared-afetp doe and payable without further dtmapd and may foreclose by judicial proceeding. Leader
<br />°tramrl t`.:. tititit'vt t r `tir.~i ' earl: p,ds~[rgy at[ ex~r.;A pf fprxlpsurr, msludfr, hvl r+pt ti~,;.ed ta, cpsta pf dacamvntary
<br />evedencr, abstracts and title reports.
<br />1S. :lnrrower's Rtehi to Retr4state. Notwithstandipe Lender's acceleration of the sums secured l+y this Mortgage.
<br />Borrower shall have the right to have any prceeedings begun by l.,ender m enforce this Mortgage discontinued at any ume
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