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<br />Lender's written agreement ar applicable law. Borrower shall pay the amount of ail mortgage insurance premiums in the
<br />moaner provided under paragraph 2 hereof.
<br />Any amoums disbursed by Lender pursuant [o this paragraph ', with interest thereon, shag become additional
<br />indebtedness of Harrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment. such
<br />amounts shall fse payable upon notice from Lender to Borrower requesting payment iherzof, and shall bear interest from the
<br />dace of disbursement at the rate payable from time to time on outstanding principal under the Nate unless payment of
<br />interest az st:ch rate would be contrary to applicable taw, 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 Lrnder to incur any exprnse 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, provded
<br />that Lender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lenders
<br />interest in the Property.
<br />9. Condemnatfon. The proceeds of any award ar 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 M 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 ae: ee in writing. there shall he applied to the sums secured by this Mortgage such proportion of the proceeds
<br />as is equal m that proportion which the amount of the sums secured by this Mortgage immediately prior to the date of
<br />[akin¢ bears to the fair market yahte of the Property immediately prior to the date of taking, with the balance of the proceeds
<br />paid in 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 ar settle a claim for damages, Borrower fails to respond to Lender within 30 day's 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 />Propern~ ur to the sums secured by this Morfeaee.
<br />Unless Lender and Borrower otherwise agree in +vriting, env such application of proceeds to principal shall not extend
<br />or postpone [fie due date of the monthly installments referred to in paragraphs 7 and 2 hereof or change the amount of
<br />such installments.
<br />]0. 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 oat operate to release, in any manner,
<br />the liability of the original Borrower and Borrower's successors in interest. Lender shall not be required to commence
<br />proceedings against such successor ur refuse to extend time for payment or otherwise 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 />ll. Forbearance by Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable law, shall not he a waiver of or preclude the exercise of any such right or remedy.
<br />The procurement of insurance or the payment of taxes or other liens or charees by Lender shall not be a waiver of Lender's
<br />right to accelerate [he maturity of the indebtedness secured by this Dfortgage.
<br />12. Remedies Cumulative. All remedies provided in this Mortgage are distinct and cumulative to any other right or
<br />remedy under this Mortgage ur afforded by law or equity, and may he exercised concurrently. independently or successively.
<br />13. Successors and Assigns Bound; Joint and Several Liability; Captions. The covenants and agreements hereir,
<br />contained shall bind, and the rights hereunder shall inure to, the respective successors and assigns of Lender and Borrower.
<br />subject [o the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall he joint and several.
<br />Tire captions and headings of the paragraphs of this Mortgage are for convent ce only and are not to be used to
<br />interpret or define the provisions hereof. 't't.""a'-'--
<br />14. Notice. Exce t for an • notice re aired under a livable tau _ ~~
<br />p y q pp ~' be;giJeq; m-aAOtlp<r manner, (a) any notice to
<br />Borrower provided for in this Mortgage shall he given h}' mailing sac snobce ~g~iLCrN~e~d -~m~ addressed to Harrower at
<br />the Frapeny Address nr at such other address as Borrower may des~~rttiierFhy notice to ~e"itdEr as provided herein, and
<br />(b} any notice to Lender shalt be given t+y certified math return recei} re~uestit$pJ4'r~l.ender'i dress stated herein or to
<br />such other address as i.ender may designate by notice a? Borrower ~s~5t~?vA4tE~'~t~4.4+33 any~s notice pravideti for in this
<br />Mortgage shall he deemed rp havr_ been liven to Borrower ^r I ender ~~he . give~+E manner ~esgnated h;'rcin.
<br />15. Zjn:farm Mortgage: Governing Law; Secerabihty TI is Corm Lffi' mc~ttga~e -omt2<in,i uniform rnvenants for national
<br />use anti rtnn-uniform covenant with limited variations h} jurisdicdan to:=ott}2+it; to 5 Lpifotm ~ecurit}• instrument covering
<br />real propert}~. This Mortgage. shall he governed he the law ui the juri3tTictiftn;ip"'whicli~tbd"Property is located. in the
<br />event that cry provision or clause of this Mortgage or the Note conflicts u~ttFl. appiicaQla leiv, such conflict shall not affect
<br />other provisions of this Mortgage or the Note which can be eicen effect withciG{-9he confiictine provision. and to this
<br />end the provisions of the Mortgage and the Vote are dechtred to be severable.
<br />IS. Borrower's Copy. Borrower shall be furnished a conformed copy of the Noie anJ of this Mortgage at the time
<br />of execution nr after recordation hereof.
<br />17. Transfer of the Property; Assumption. )f all or any part of the Property or an mterest tficrein is sold or transferred
<br />by Borrower without Lender's prior written consent. excluding (a) [he creation of a lien or encumbrance subordinate to
<br />this Mortgage. (1>} the creation of a purchase money securit}• interest for hrntsehold appliances, ic) a transfer t»• devise.
<br />descent or b}' operation of law upon the death of a joint tenant or
<br />-. L^_nder may, at Lender's option. dechtrc :d! the toms secured h}~ this Mortgage to he
<br />immediately due and payable. Lender shall hove waived such option in accelerate if. prior n, the oak or transfer. Under
<br />and the person m whom the Property is n? he sold ar transferred reach ;tgrcemom in to rn~ng Ihat the credit of urh parson
<br />is satisfactan• to Lender and that the interest payable on the ,ants secured hp thin Mortgage shall he alt such rtte a; Lender
<br />shall reyuest. If [.ender has waived the option m accelerate prrn•icted in this p;uaeraph 17. ;rod if Borrower's successor in
<br />interest has executed a written assumption agreement accepted in writing by lender. Lender shall release Bnrrau-er from all
<br />obligations under this Mortgage and the Note.
<br />If Lender exercise, such option to accelerate, Lender shall mail Burrower notice of acceleration in accordance +vtth
<br />paragraph 14 hereof. Such notice shall provide a period of tint less than i0 does from the dale the nnti::e is mailed within
<br />which Ha rower may pay the sums declared due. IC Barrow er faiL to pay sudt ,ums prior to the espicuion of ,uch period,
<br />Lender may. without further notice ur demand nn Borrower, invoke am remedies permnted by paragraph I5 hereof.
<br />Norv-UxtF•oaxt Covrrvarvrs. Borrower and Lender further covenant and agree as follows
<br />I8. Acceleration; Remedies. Except as provided in paragraph 17 hereof, upon Borrower's breach of any covenant ar
<br />agreement of Borrower in this Mortgage, including the covenants to pay when due any sums secured by this ~\TortgaKe,
<br />fender prior to acceleration shelf mail notice to &rrrower as provided in paragraph 14 hereof specifying: Ii) the breach:
<br />(2) the action required to cure such breach; (3) a date, not less than 3U dogs from the date the notice is mailed to Borrower,
<br />by which such breach must be cured; and (4) that failure to cure such breach nn or before the date specified in the notice
<br />may result in acceleration of the sons secured by this MartRage, forecbsure by judicial proceeding and sale of the Property.
<br />'Cho notice shall further inform Borrower of the right to reinstate after acceleration and the right to assert in the foreclosure
<br />proceeding the nonexistence of a default or any other defense of Borrower to acceleration and foreclosure. If the breach
<br />is not cured nn or berate the date specified in the notice, Lender at Lender's option may declare alt of the sums secured by
<br />this R~lartgage to be immediately due and payable without further demand and may foreclose by judicial proceeding. Lender
<br />shaft be eatitied to collect in such proceeding elf expenses of Foreclosure, including, but not limited to, costs of documentary
<br />evidence, abstracts and title reports.
<br />19. ~orrower"s Rmdh4 to reinstate. Notwithstanding Lender's acceleration of the sums secured by this Mortgage.
<br />Borrower shall have the right to have any proceedings begun by i.cndcr to cn force this Mengagc discontinued ei an+~ tin?c
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