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<br />Lender's written agreement or applicable law. Borrower shall 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 additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Leoder agree to other terms of payment. such
<br />amounts shall 6e payable upon notice from Lender to Borrower 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 at such rate would be contrary to applicable law, in which event such amounts shall bear interest at the 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. inspecfion. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that Lender shall give Borrower notice prior to an}• such inspection specifying reasonable cause therefor related to Lenders
<br />interest in the Property.
<br />9. Condemnation. The proceeds of any award or claim for damages, direct or consequentiah in~ connection with any
<br />condemnation or other taking of the Property. or part thereof, or for conveyance in lieu of condemnation, are fiereby assigned
<br />and shall be paid to 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 tht excess, if any. paid to Borrower. Tn the event of a partial taking if the Property. unless Borrower and Lender
<br />otherwise agree in writing. there shall he applied to the sums secured by this Mortgage such proportion of the proceeds
<br />as is equal to thu 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 ro the date of taking, with the balance of the proceeds
<br />paid [n Borrower. -
<br />Tf 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 for d:.mages. Borrower fails to respond to Lender within 30 daps after the date such notice is
<br />mailed. Lender is authorzed to collect and apply the proceeds, at Lenders option, either to restoration it repair of the
<br />Property or to the sums secured by ;his Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing. am• such application of proceeds to principal shall not extend
<br />or postpone the due date of the monthly installments referred m in paragraphs 1 and 2 hereof or change the amount of
<br />such installments.
<br />]B. Borrower Not Released. Extension of the time For payment or modification of amortization of the sums secured
<br />by this Mortgage granted h7 Lender to any successor in interest of Borrower shall not operate to release. in any manner,
<br />the liabilitc of the original Borrower and Borrower's successors in interest. Tender shall not he required to commence
<br />proceedings against such successor or refuse to extend time for payment nr 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 />11. Forbearance by Ixnder Not a Waiter. Any Forhearance fiy Lender in exercising anp right or remedy hereunder, or
<br />otherwise afforded by applicable law. shall not he a waiver of or preclude the exercise of an}• such right or remedy.
<br />The procurement of insurance or the payment of taxes or other liens it charges by Lender chill not he a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />12. Remedies Ctunulative. All remedies provided in this mortgage arc distinct and cumulative to any other right or
<br />remedy under thin Mortgage or afforded by taw or cyuity, and ma}• he exercised concurrently. independently or successively.
<br />13. Successors and .Assigns Bound; Joint and Several Liabiliry•; Captions. 7•he covenants and agreements herein
<br />contained shall bind, and the rights hereunder shall more to, the respective successors and assigns of Lender and Borrower,
<br />subject ti the provision if paragraph 1? hereof. All covenants and agreements of Borrower shall be join[ and sevtral.
<br />The captions and headings of the parsraphs of this Mortgage are for convenience only and are not to he used In
<br />inrerpre[ or define the provisions hereof.
<br />IJ. Notice. Except for any notice required under applicable law us he given in another manner. tat .toy notice to
<br />Borrower provided for m this Mortgage ;hall he given h}' mailing such notice by certified mail addressed n, Borrower at
<br />the Pmnrrn' ,Wdrecs it at such other addres< as Dnrrower may designate by ni!ict m Lender as provided herein. and
<br />ihi any nonce m tender sh:di hr gi ten he certified mail, carom receipt requested, to Lender's address stated herein or m
<br />such other address as Lender may designate b}' notice to Borrower as prmided herein. ;lay notice provided for in this
<br />Mirtgagc shall be darned !e have peen given to Rorrmver or Lender when gn•en in the manner designated herein.
<br />75. Cnilnrm Mortgage Governing Law: Severability. -Ibis form oY mingagc combines uniform revenants for nauonal
<br />use an.i non-uniform cevenamc with limited variafions by jurisdiction w mnstinrtt a uniform secant)' instrument covering
<br />real pmpern~ Thin mortgage shall he governed by the law of the iurisdictiin in which the Property is incited. In the
<br />event that any prevision or clause of this Mortgage or thr Nutt amNicts with applicable law. such rnndict shall not affect
<br />other pmarsiins of this Mortgage or the Note which can he given etiect without the conflicting pmeision, and to this
<br />end the provisions of the Mirtgage and the Vote arc declared to he severable.
<br />i6. Borrower's Copr. Borrower shall he furnished a conformed copy of the Note and it this Mortgage at ihr time
<br />of exec utiin or alter recordation hereof.
<br />17. Transfer of the Properh•: Assumptimt. If all it any part of the Propern• or un interest therein is .old it transferred
<br />6y Borrower withwu i.,endtr's pnnr written consent. excluding u0 the crxutiou oi' a lien oc encumbrance culxtrdinate. to
<br />this Mortgage, chi the crruinn of a purchase money securiq~ interest for household appliances, icy a transfer by devise,
<br />descent or fip epe.muon of law upon the Jeath of ., inuu tenon or Idl the grant of any leasehold interest of three years nr less
<br />not containing an option to purchase. Lender may, at Lender', iplien. declare ail the sums secured M• this Mortgage !e ht
<br />immedrately due .rod payable. Lender shall have waived itch option n, accelerate if, pnnr to the sale nr transfer. Lender
<br />and the person u, whom the Property is to be sold or [rmsterred reach agreemtm m wnunK that the credit e( ,uch ptnon
<br />is satisfactory to Lender and the! the interest p:tyahle on the soon secured by Utis Mortgage shall he :u such rate .is Lcndtr
<br />shall request. I(i ender has wmved .he option m ueceierate provided m this paragraph 1?. and +f Borrower's successor in
<br />interest has executed a written assumption agreemem accepted in tvriung h}' Lender. Lender shall roleat Borrower from ail
<br />obligations under this Mortgage and the Nott.
<br />If Lender exercises such option to accelerae. l_endtr sh:dl mail Borrower notice of acceleration m accordance with
<br />paragraph 14 herein. Such notice shall provide a perioJ of nut less than ?il days tram the date the notice is mailed within
<br />which Borrower ma)' pay the sums declarud due. If Burrower fails !o pay such sums prier to !ht expiration of such period.
<br />tender may, wuhiut further netmc or demand nn itorrnwer, utvokc aay renn•dies permitted M' paragraph IR hereif.
<br />NuN-Ur+u~oast Covetvnurs. Burrower and Lender further covenant :rod agree as follows:
<br />18, .\ceeleratlon; Retnedits. Ezrtpl as provided in pamgraph 19 hereof, upon Borrower's breach if any covenant or
<br />aKrcemenl of Brnrower in this Mortgage, including the covenants to pay when dot env sums secured Ay thiv Sfurtgagr,
<br />Lender prior to acceeratioa shall mail notice to 1Mrrower as prorided in paragmph 14 hereof specifyinK: 111 the breach:
<br />(2) the action required to cure such breach; (3) a data nut less than 3U days from the date the notice V mailed to Borrower,
<br />by whleh such breach must be cured; end (4) Ibat failure lu cure such breach on or before the date spnified in the notice
<br />may result in acceleration of the soots secured by This mortgage, foreclosure by judicial proceeditrK and sale of the Property.
<br />The notice shalt further inform Borrower of the right to reinstate after acceleration and the right ti assert in the forcaitrsurr
<br />proceeding the rron-rxisienre of a default ar any ether defense of Borrower to acceleration and furcclasurr. if the breach
<br />is not cured nn or beGrre Iht data sprciflrd in the notice, Lcndrr at Lender's option may declare all of the sums secured bs
<br />this Mortgage to be immediatey due arM payable without Ntrlher dtmand •rnd may &rrecitrx by judicial proceedirtK. Lcndrr
<br />shah are entitled to collect in such proctedlrtg alt expenses of foreclosure, including, but nut limited to, costs of dceumentery
<br />evidence, abstracts and titer reports.
<br />iq. Borrower's Right to Reinstate. Notwithstanding Lcndtr's acceleration of the sums secured by this Mortgage,
<br />Burrower shall have ihr right ro have an)• proceedings begun by Lender [i cniirce This \tongnge discontinued at ;my umr
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