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<br />Lender's written agreement or applicable taw. Borrower shall pay the amount of all mortgage {nsitrance premiums in tlx
<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 Rorrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of paymem. such
<br />amounts shall be payable upon notice from Lender to Rorrower 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 atsuch rate would be contrary to applicable (aw, in which event such amounts shall bear interest a[ the highest raft
<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 />g. Inspection. Lender may make or cause to 6e 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 The proceeds of xny award or claim for damages. direct or consequential, in connection with any-
<br />condemnation or other taking of the Property, or part [hereof, or for conveyance in lieu of condemnation, are hereby assigned
<br />and shall be psid to Lender.
<br />In the event of a total taking of the Property. the proceeds shall be applied to the stems secured by this Mortgage.
<br />with the excess. if any, paid to Rorrower. In the event of a partial taking'of the Property, unless Borrower and Lender
<br />otherwise agree in writing. them shall be applied to the sums secured by this Mortgage such proportion of [he proceeds
<br />as is equal to that proportion which the amount of the sums secured by this Aortgage 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 proceeds
<br />paid to Borrower. -
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offer to make
<br />an award or 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 restoration or repair of the
<br />Property or [n the sums secured by this Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend
<br />or postpone the due date of the monthty installments referred to in paragraphs I and 3 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 Borrower's succeccorc in interest. Lender shall not be required to commence
<br />proceedings against such successor or refuse to extend time far 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 />27. Forbearance by Ixnder Not a Waiver. Any fonc~arancc by Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable law. hall net he a waiver at nr preclude the exercise of any such right or remedy.
<br />The procurement oC insurance or [he payment of rases or other liens or charges by Lender shall not be a waiver of Lender's
<br />right to accelerate the maturity of [he indebtedness cecured M~ this Mortgage.
<br />72. Remedies Cumulative. All remedies prodded in chic Mortgage arc distinct and cumulative to any other right or
<br />remedy under this Mortgage or afforded by law or equite. ;end may he exercised concurrently, independently or successively.
<br />13. Successors and Assigns Bound: Joint and Several Liability; Capfions. The covenants and agreements herein
<br />contained shall hind, and the rights hereunder chill inure tn, the respective successors and assigns of Lender and Borrower.
<br />subject to the previsions of paragraph 17 hereof. All covenants anti agreements of Rorrower shall he joint and several.
<br />The captions and headings of the paragraphs of this Mortgage arc for convenience only and arc not to he used to
<br />interpret or define the pmvisions hereof.
<br />tA. Notice. Except fee any notice required under applicable law to be given in another manner, ia) any notice to
<br />Borrower provided for in this Morteage shall he gw•n by mailing such notice by certified mail nddresscd to Borrower at
<br />the Property Address nr aI such other addre„ as Borrower may design;ue by notice ar Lender as provided herein, and
<br />(Ir} arty trotter to Lender shall be given 'gyp ccrdfied nraii, rcmra receipt rcques[cd. to i.endcrs address stated herein or to
<br />such ether address as Linder miry designate by notice to Borrower as prncided herein. r\ny notice provided for in this
<br />Mortgage shall he deemed to have beer. given to Borrower or Lender when given in the manner designated herein.
<br />]5. Unffnrm Mortgage; Governing Law; Sererabitih•. This lorm of mortgage combines uniform covenants for national
<br />use and non-uniform covenants with limited variations by jurisdiction to constinnr a unifornr security instalment covering
<br />real property. This Mortgage shall he governed by the laa• of the jurisdiction in which the Property is located. In the
<br />even[ that any provision or clause of this Mortgage or the Nate conflicts with applicable law, vlch conflict shall not affect
<br />other provisions of Chic Mortgage or the Nnte which can he given e(fed u'ithrnn the conllicting pnwisian, and to this
<br />end [hc provisions of the Mortgage ^nd the Note :ve declared to he sevenrblr.
<br />15. Borrowers Copy. Borrower shall he furnished a conformed copy of the Note anti of this Mortgage at the time
<br />of exrculion or xRer recordation hereof.
<br />17. Transfer of the Property: Assumption. iC all nr any part of the Property or an intcresl therein is ,old or transferred
<br />by Borrower without Lender's prior written consent. excluding hJ the creation nC :+ lien or encumbrance subordinate in
<br />this Mortgage. (h) the creation of ^ purchax mono}' ercurily interest for household appli;mces, let a transfer by devise,
<br />descent or by operation of hoc upon the death o(a joint Icnant or hh the grant of any leasehold intcresl of three years or less
<br />not containing an option to purchase, l.rnder nup•, at Lender4 option. declare all the sums securrJ by this Tfongxge to he
<br />immediatch~ due and payable. Lender shall hate waived ouch option to acccler:ue if. prior to the ,ale ur Irunsfer. I ender
<br />and the prrcon to whom the Properly is to be sold or transferred reach agreement in wripng that the credit at such person
<br />is satisfaetary m Linder and that the interest payable on Ihr Sinn, zccurcd h}' Ibis Mortgage shall be at such rate a, Lender
<br />shall r•~yurst. If 1 ender has w;rivrd the option to acceirr,Itr provided in this paragraph I7, anJ il' flnrrowrri successor in
<br />interest has executed a written assumption ogre^mem accepted in writing by Lender. Lender o-h:dl relraxe Borrower Crum :JI
<br />obligations under this Mortgage and the Note.
<br />If 1_ender exercises such option to accelerate, Linder ,hall mail Rorrower notice of acceleration in a conlaocr with
<br />parag rtph Iy hereof. Such notice chill provide ^ period of not Ies than 3(} clays from the date the ^oticr i, mated within
<br />which Borrower ma}• p:p~ the ,woos dedartd due. II Bonnwer tad, !o pay swab soots prier to the e, pirati„n oC ,u,n period.
<br />Lender may. wuhout further notice or demand on Rorrower, invo{,r nay remedies pernutted by paragraph IS hcrcoi.
<br />Norv-U>rtroam Covervnrvrs. Borrower and Lender bother coven:uu and agree :u lallows~
<br />lg. Acceleration; Remedies. F,xcept as provided in paragraph 17 hereof, neon Borrowers breach of may cnvenanl nr
<br />agreemeal of Borrower in this Mortgage, indud{rqt the cnrrnants na pay when due any sumz secured by this Jlurtgage,
<br />Lender prior to acceleration shall maR notice to Bnrnuver as pntvided in paragraph IS heravat specifying: (ti the breach;
<br />(:)the action required to core such breach: t3) a date, nm Iesc than JO days fmm fhe date the notice is mailed to Borrower,
<br />by which such breach must 6e cured; and (4) that failure to cure wch breach oa nr before the date specified in the notice
<br />may result in ecreleretinn of the sums secured by this Mortgage, foreclosure by judicial proceeding and sate of fhe Property.
<br />•I'he notim shall furtber inform Burrower of Ibe right to re{rotate after ucceleratiun and the rigid to aver) in the forecosure
<br />progeeding the non-existence of a default ur any other defense of Borrower to nccelemtion and forechtsure. if the breach
<br />is not cured un or before the date specified in the notice, Lender at Lenders option may declare ail of the sums secured by
<br />this Mortgage to be immediately due and payable without further demand and may forec•brse by judicial prrxeeding. Lender
<br />shalt be entitled lu collect in s`wh proceeding all expenses of foreclosure, including, but not limited by a•mis of docmnentary
<br />evidence, abstracts and title reports.
<br />79, 718rrow9r's Right to Re{n?tete. Netwilhstanding lender's acceleration nC the sums secured by this Mortgage.
<br />Borrower shall have the right !e have any pa+ccedingz hrguma by Lrndcr to cu(orcr chi, Murtgagu Jisioolinurd a1 any time
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