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<br />Lender's sJri~ter~gr2ArA8a¢ or applicable taw. Bortower shall pay the amoum of all mortgage insurance premiurtts 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 additionat
<br />indebtedness of Borrower secured by this Mortgage. Unless Bortower and Lender agree to other terms of payment, such
<br />amounts shalt be payable upon notice from Lender m Borrower requesting payment thereof. and shad bear interest from the
<br />date of disbursement at the rate payable from time to Hme on outstanding principal under the Note unless payment of
<br />intemst a[ such rate would be contrary to applicable law, in which even such amounu shall bear interest at the highest rate
<br />permisaible 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 be made reasonable entries upon and inspections of the Property, provided
<br />that Lender shalt gave Bortower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />9. Condemnadon. The proceeds of any award or claim for damages. direct or consequentiah in cannaKion with any
<br />condemnation or other takin_q 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 Properly, the proceeas 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 Propem. unless Borrower and Lender
<br />otherwise agree in wrttin¢, there shall be applied to the sums secured by 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 :he 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 ProMrty 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 for damages, Borrower fails to respond to Lender within 30 days after the date such notice is
<br />mailed. Lender is authorized to wiled and apply the' proceeds, at Lender's option, either to restoration or repair of the
<br />Property or to 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 dale of the monthly installments refer. ed to in paragraphs I and 3 hereof or change the amount of
<br />such installments.
<br />10. Borrower Vol Released. Extension of the time Eor payment or modification of amortization of the sums secured
<br />6y this Mortgage granted by Lender to am successor in interest of Borrower shall not operate to release. in any manner,
<br />_ the liability of the original Borrower and Borrowers successors in interest. Linder shall not 6e 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 Morlgage by reason of any demand made by the original Bortower and Borrower's successors in interest.
<br />li. Forbearance by Lender Vol a Waiver. Any forbearance by Cender in exercising any right or remedy hereunder, or
<br />otherwise afforded 6y applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy.
<br />The procureme w or the ayment of taxes or other liens or charges by Linder shall not be a waiver of Lender's
<br />right to accele .~ E t,mdebtedness secured by this Morlgage.
<br />12. Rem umni~itsx'~3f' remedies provided in thts Mortgage are distinct and cumulative to any other right or
<br />remedy under t ' _ ed by law or equity, and may he exercised concurrently, independently or successively.
<br />13. Successors an ~ s-found; joint and Severn Liability; Captions. The covenants and agreements herein
<br />wntained shall bind, and the rights hereunder :hall inure to, the respective successors and assi¢ns of Lender and Bortower,
<br />subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be joint and several.
<br />The captions and headings of the paragraphs of this Mortgage are for convenience only and are not to be used to
<br />interpret or define the provisions hereof.
<br />14. Notice. Except for any notice required under applicable law to be given in another manner. tai any notice to
<br />Borrower provided for in this Mortgage shalt be given 6y mailing such notice by certified mail addressed to Borrower at
<br />the Property Address or at such ether address as Borrower may designate by notice to Lender as provided htrein. and
<br />!b) any notice to Leader shall he given by strtified mail. retvm receipt requested. to Lender's address stated herein or to
<br />such other address as Linder may dr_ignate by notice to $orrower as provided herein. Any notice provided for in this
<br />Mortgage shall he deemed to have been given to $orrower nr Cender when given in the manner designated herein.
<br />15. Uniform Mortgage: Governing Law; Severability. This form of mortgage combines uniform covenants for national
<br />use and non-uniform covenants whit limited variations by jurisdiction to constitute a uniform security instrument covering
<br />teat property. This Morlgage shall be governed by the law of the iurisdic[ion in which the Property is located. In the
<br />event that any provision or clause of this Mortgage or the Vote conflicts with applicable law, such conflict shall not affect
<br />other provisions of this Mortgage or the Note which can be given effect without the conflicting provision, and to this
<br />end [he provisions of the Mortgage and the Vote are declared to be severable.
<br />Ili. Borrower's Copy. Borrower shall be furnished a wnformed copy of the Yore and of this Mortgage at the time
<br />of execution or otter recordation hereof.
<br />17. "fransitr of the Properly; Assumption. If all or any part of the Property or an interest therein is sold or transferred
<br />by Borrower without Lender's prior writren consent, excluding !al the creation of a Tien or encumbrance subordinate to
<br />[his Mortgage, ib) the creatior, ni a purchase money security interest for household appliances, tcl a transfer by devise.
<br />descent or by operation of taw upon the death of a join¢ tenant or idl the grant of any ieasehoid interest of three years or less
<br />not containing an option to purchase, Lender may, at Lender's option. declare all the sums secured by this Morlgage ro he
<br />immediately due and payable. Linder shall have waived such option to accelerate if, prior ro the ,nit or transter. Lender
<br />and the person to w'nom the Properly is to be sold ar transferred troth agreement in writing that the credit of such person
<br />is satisfactory to Ltnder and that the interest payable on the Burns secured by this Mortgage shall 6e at such rate as Lender
<br />shalt request. if Lender has waived the option to accelerate provided in this paragraph 17, and if Borrower's successor in
<br />interest has executed a written asumpton agreement accepted in writing by Ltnder, Ltnder shall release Borrower from ail
<br />obligations under this Mortgage and the Note.
<br />If Lender txetcise_< such oMien to accelerate. Lender shall mail Borrower notice of acceltratiun in accordance with
<br />paragraph t4 hereof. Such notice ,hall provide a period of no[ less than 30 days from [he dare the notice is mailed within
<br />which Barr..wcr may pay the sums declared due. if Borrower fails ¢o pay such sums prier to the expiration of ;uch period,
<br />Ltnder may, without further notice or demand on Borrower, invoke any remedies permnted be paragraph I A ',error.
<br />Norr-UutFOaet COVENANTS. Borrower and Lender further covenant and agree as follows:
<br />ig. Aeeeleration; Remedies Except as provided in paragraph 17 hereof, upon Borrower's breach of any covenant or
<br />agreement of Barrnwer in this Mortgage, inciudittg the covenants to pay when due any Burns secured by this Mortgrge,
<br />Lender prior to acceleration shall mail notice to Borrower as provided in paragraph 14 hereof specifying: (1) the breach:
<br />(2) the action requved to cure such breach; (31 a date, not less than 30 days from the date the notice is mailed to Borrowea
<br />by which sash breach must be cured; and (1) that failure to cure such breach on or before the date specified in the notice
<br />may result in acceleration of the sums secured by this Mortgage, foreclosure by judicial proceeding and sale of the Property.
<br />The notice shall further inform Burrower of the right to reinstate after acceieratim and the right to assert in the foreclosure
<br />proceeding the two-existence of a default or any other defense of Borrower to acceleration and foreclosure. If the breach
<br />is not cured on or before the date specified in the notice, Cender at Lender's option ntny declare ail of the sums secured by
<br />this Mortgage to be immediately due and payable without further demand and may firrecinse by judicial proceeding. Lender
<br />shaft be entitled to collect in such proceed'utg ail expenses of foreclosure, including, but not limited to, costs of documentary
<br />evidence, abstracts and title repons.
<br />17. Gcruwers kight io eteinsfate. Vonvithstanding Lender's acceleraton of ~ht Burns secured by this Mortgage,
<br />Borrower -half have the right ro have any proceedings begun by Lender to enforce this Mortgagz duconunued at any amt
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