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<br />Lender's written agccement or applicable taw. Borrower shat! 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, shall become xdditionai
<br />indebtedness of Borrower secured by-tfiis Mortgage. Linless Borrower and Lender agme to other terms of payment, such
<br />amounts shalt be payable upon notice from Lender to $ocrower requesting payment thereof, and shah-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 Bach amounts shaA bear interest at the highest-rate.
<br />permissible under applicable law. Nothing contained in this paragraph 7 shad require Lender to incur any expense or-take
<br />any action hereunder.
<br />g. Irrspection. Lender may make or cause to be made reasonable entries upon and-inspections of the Property, provided
<br />that Z_ender shah give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />9.. Cottdemnailon. The proceeds of any award or claim for damages, direct or consequentiah in connection with any
<br />condemnation o: other taking_of the Prnpetty, or part thereof, or for com~eyance in lieu of condemnation, are hereby a~igned
<br />and shall be paid to Lender. -
<br />In tha event of a total taking of the Property, the proceeds shalt be applied to the sums secured 6y 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 agrcc in writing, there shall he applied to the sums secured 6y this Mortgage such proportion of the proceeds
<br />as is equal to that proportion which the amount of the sums secured by this Mortgage immediately 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 the proeeeds~
<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 foe damages, Borrower (ails 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 Tenders option, either to restoration or repair of the
<br />Property or to the sums secured by this Mortgage.
<br />Unless Lender and Borrower ethena•ise agree in +vriting, any such applicntinn of proceeds to principal shall not extend
<br />or postpnre the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of-
<br />sueh installments.
<br />10. Borrower Not Released. Extension of the time for payment or mndificatinn 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 :my manner,
<br />the liability of the original Borrower and Borrower's successors in interest. Lender shalt 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 />secured by this Morggage by reason of any demand made by the original Borrower and Borrower's successors in interest.
<br />I1. Forbearance 6y Lender Not a Waiver. .Any Carhearence by Lender in exercising any right nr remedy hereunder, or
<br />otherwise afforded by applicable law, shall net be a waiver of nr preclude the exercise of any such right or remedy.
<br />The procurement of insurance or the oaymerc of taxes nr other liens or charges by Lender shall not he a waiver of Lender's
<br />right to accelerate the maturity of the indebted ress secured hp this Mortgage.
<br />i2. Remedies Cumulative. All remedies provided in this Mortgage arc distinct and cumulative to any other right or
<br />remedy under this Mortgage or afforded by law nr cyuitc, and may he exercised concurrently, independently or successively.
<br />13. Successors and Assigns Bound: mint and Several Liahilitt•: Captions. The covenants and agreements herein
<br />contained shall bind, and the rights hereunder shall inure to, the respective successors and assigns of Lender :end Borrower,
<br />subject to the provisions of paragraph ;7 hereof. :111 covenants anei agreements ni borrower shall be p,uu and several.
<br />The captions and I:eadings of the paragraphs n( this Mortgage :ere for convenience only and are not to be used to
<br />interpret ar define the provisions hcreot`.
<br />i4. Notice. Except for any noUCe reyuired under applir:blc law m be ~ tn~j manner. {a) any notice to
<br />Borrower provided Inc in this Mortgage shall he given by mauling wch anti `,y'ecr]i FtC,d'rigaih'~ddressed to Borrower at
<br />the Property Address or zt such other address as Berm+nr :oar dre:gn:n~~+g n<ttg~=`t~'~'h~i4~ "~s prodded herein, and
<br />(hl arty ttouee to i_endrr shall Fiv given by certthcd maxi. reh~rn recr,, t re~ueslecL~to LcnaicrA'saddi~ss stated herein or fo
<br />such other address :5 Lender may desi ante by ^otire to Rcrra:+cr as :• dCd ;=_'" r
<br />R •~ -_I hrzfta6 Auv he~c provided for „this
<br />Murtg _ shall t>r deA~:ed to have !:e;,n _~- cn rn^. Bor,^.wer ... ..tender :. aw_~t:zit '~„"gs~r~aitizrfdzs roared here.,,.
<br />IS~A UniFnrm Atortgagr, Covernin, Law; Severubility. This fort ni rteaae s+L~N~ncs unilarm`tovcnants for national
<br />use and non-uniform covenants with !invited ear aeons by ;w iu{iaion to ctSnst ithle fl. uni(ornt,Ru'~trtty instrument covering
<br />real property. 'This Mortgage stroll be governed hy_ the law of the Innsdictlo~a?n.yv'hkh',iJtt%^~Fggenv is located In the
<br />event that any provision or ciausn of this \lortgago or the Note eondicn ,+-ith`~a~"~~j~~aiei aat0ict shall not affect
<br />other provisions of this Mortgage e r the Note which rut ix• riven cllert w~i!h`btit-d~'„c~At7f+`ling pro+•icion. and to this
<br />end the provisions of the Mongagc and the Note are Jcdared to Le .everahle. _
<br />tG. Borrower's Copy. Borrow~cr shall he iurmshed a n,nlonncd ny,v ni the Note and „i rttl. Mortgage at the hme
<br />of execution or after recordation hereof.
<br />17. Transfer of the Properly; .Assumption. If all or any p:ut ni the Propcny nr ^n utterest therein ie x>Id or transferred
<br />by Horrowcr without Lender's prior written consent excluding t:U the creation of :: lien or eneuntL+rance nthoniin:uc to
<br />this Mortgage, (h) the creation o(a purchase money securit} uttercst tar household appliances, tU a transler hp devise.
<br />descent or 6y operation of la++• upon the death of ;+ joint tenant or
<br />_.. _ _- _~, Lender may, at Lender's Dynan. ded;ue ell the none secured I, Uric .M, rtgage to ba
<br />immediately due and payable. Lender shall have sv.tived such opuwt ^, ^ceclerate iL grin: to the side or transfer. [ rr.Jer
<br />and [he person to whom the Properry• is to be sold or transferred retch agrecrnern in witting th:u the credit r,f u:ch person
<br />is satisfacton• t+, Lender and that lire interest payshlc on the soma secw ad b} this Mon gage shall Le :u such rite as : Winder
<br />shall reyuest. If Lender has waived the option ut acceler.de provided in the p.rragrn ph 1?, :end it Borrow cr\ suarxssor m
<br />interest has exrnned a wnuen assumption agreement accepted in writing by t ender, Lender .hall rele:rse Borrower tram :.!I
<br />obligations under this Mortgage and the Note.
<br />1f Lender exercises such option Rt accelera tc, Lender .h,dl snail t?nn rnvcr nonce al :ncclet anon r .ordanee •.uth
<br />partgraph 14 het'cu(. Such ngti4e chap provide a pe rind nl no! !c>. !ban 10 din, tom !hc date the nutiac i. n.+i!cd within
<br />which Bnrnnvi-r Wray pat the ,ems decinred due If Borrowci lads is pay .uJt .uni. poor in the espi radian ,d ,uah prnad.
<br />Lender may, wtthcat Inn her nonco or demand on Bormacr, ~mol.c e icnicdies pm nnituri h+ paragraph I8 hmeuf-
<br />Nos-Urn roams Covanaw7s. bonciwer unJ Lcridcr funha ern rnent nod agrcc as Inllnws.
<br />ig. :leerlrrativrt; RcmCdies. Except as provided in paragraph 17 hereof, upon Bnrrrwer's breach of an} amenanl or
<br />agreement of Horrowrr in this Mortgage, inchtding the covenants to pny ..ben of tic an} .ants secured by this M1tortgatte.
<br />L+•`rrdcr prior to accekralion shall neat! police to Burroascr as pru+idrd in paragraph l~ hereof ,pccifying: ill the breach;
<br />(3j the uetiau required to cure such breach; (31 a date, not Iew ti+an ,ip da}s faun the date fhe notice is mailed to Bmruwer,
<br />by which such breach moat be cured; nnJ (31 that fuilurc lu cure Hoch hre:rch on or heQtre the crate specified in the notice
<br />may result in acceleration of the sums secured by this ::\tnrtgage, foreclosure by judicial pnrcceding and side of the 1'ropcrty.
<br />Thr notice shall fiWher inform Borrower of the right Iu reinst:tic utter nccderafinn auJ the right to as.+crt in the 1'm~ccinsurc
<br />proceeding the nun-existence of a defauil ur uu} other defenxc of Itorrowcr to acre!. ration and fondosurr. If the breach
<br />'is not cured tin ur before the date specified in the notice, Lender ni l,ender•a option ma} declare alt tit the sums secured h}
<br />this Mortgage io be imntedtatel} due and payable without further demand and may foreclose h} judicial pnsecsling. [.ender
<br />shalt he untitled to cancer in such proceeding n1I expenses of foreclosure, including, but uol limited to, costs of doe mrrentar}
<br />widener, aintracts and titic reports.
<br />19. garrnwe?s 4igh! !ar 1?eir+s!afc, Notw~ithst n,h nl; •. :det'e .,.,.. •, i• , ~ .,~~ ...•„ ,. .,•ed by a-i:, `+3,:t:;_.,
<br />Bormwc: sha!1 hour ±!tc tight 'n its,c ,u , prc•c__s+..ng; hcgu - ! a d. art ice. h;. ;1 _ - „i.~ ,i t • , u ~i~
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