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<br />Lender's written agreement or applicable law. Borrower shall pay the amount of all mortgage insurance prcmiutns in the
<br />mamter provided under puagrap6 2 hereof.
<br />Any amounts disbursed 6y Lender pursuant to this paragraph 7, with interest thereon, shall become additiana[
<br />imlebtedness of Horrowtr secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment, such
<br />atrwttnts shall be payable upon notice from Lender to Borrower requesting payment thereof. aad shall bear interest from the
<br />date of disbursement at the rate payable from time to @me on outstanding principal under the Note unless payment of
<br />inteteat at such rate would tz contrary to applicable taw, in which event such amounts shall bear interest at the highest rate
<br />permfs~ble under applicable law. Nothing contained in this paragraph ?shall require Lender to incur any expense or take
<br />aoY action hereunder.
<br />d IIaeKctlo~, Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that L.entkr shall give Hoaawer notice prior [o any such inspeMion specifying reasonable cause therefor related to Lender's
<br />inttrtst in the Property.
<br />i. CoadeeertaUow. The proceeds of any award or ctaim for damages. direct or consequential, in connection with any
<br />condemnation ar other taking of the Property, or part thereof, or for conveyan« in lieu of condemnation, are hereby assigned
<br />and shaft ix paid to Lender.
<br />In the event of a total taking of the Property. the proceeds shall 6e 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 Froperty, unless Borrower and Lender
<br />otherwise agree iu writing, there shall be applied to the sums secured by this Mortgage such proportion of the proceeds
<br />as is equal fo that proportion which the amount of the sums secured by this Mortgage immediately prior to the date of
<br />taking bears to the fair maker value of the Property immediately prior to the date of taking, with rite balance of the pro«eds
<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 for damages, 13ottower fails to respond to Lender wi ".in 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 to the sums secured by this Mortgage.
<br />Unless Under and Borrower otherwise agree in writing, any such application of proceede to principal shall eat extend
<br />or postpone the due date of the monthty instaflments referred to in paragraphs I and 2 hereof or change the amount of
<br />such installments.
<br />11. llaetbwer Vat IReieaeed. Extension of the [ime for payment ar modfication of amortization of the sums secured
<br />by this Mortgage gtsrtttd bg Lender W any successor in interest of Botrawer shalt na? aperafe to release, in any manner,
<br />the liability of the anginal Borrower and Borrower's suecsssars in interest. Lender shall not be required to commerce
<br />pro«ediogs againu such stt«essor or refuse to extend time for payment or otherwise modify amortization of the sums
<br />secured by this Mortgage by resson of any demand made by the original Borrower and Borrower's successors in interest.
<br />ll. Faehearaoee by Lester Nat a Waver. .Any forbearance by Lender iv exercising any right or remedy hereunder, or
<br />othervise afforded by applicable law, shall not be a waiver of or precivde the exercise of any such right ar remedy.
<br />The ptvcurcment of imunn« or the payment of rases ar other liens or charges tsy fender shad not be a waiver of Lender's
<br />rithk to. accekntt the maturity of [he indebtedness secured by this '.tartgage.
<br />12 ReaeiYs CaaralWve. All remedies provided in this Mortgage are distinct and cumulative to any aiher right or
<br />remedy under this Mortgage or afforded by law ar equity. and may tx exercised rnncurrently. independently or successively.
<br />13, Sacceaart s•i Aalpa loaad; Joia[ sad Several i.iahikr; ('aPtloas. The covenants and agreements herein
<br />contsined shag bled and the rights hereunder >half inure to, the respective successors and assigns of Len!!er and Borrower.
<br />subject to the provisions of paragraph t7 hereof. All covenants ono agreemenu of Borrower shall t7e joint and several.
<br />The captious and headings of the paragraphs of [his Mortgage are far convenience only and are not to he used to
<br />interpret or defMe the provisions hereof.
<br />If. hiatiee. Except for any notice required under applicable taw to `+e given in another manner, (al any notice to
<br />Borrower provided for in this Mortgage shall 6e given by mailing such natitx by certified mail addressed to Borrower at
<br />the- Property Rddresa or at such other address c~ Ilorrc+wer may designate by nati« to Lender as provided herein. and
<br />fb) any rwtice to Lender shalt tae given by certified mail, return receipt requested. ?o Leoder's address stated herein or to
<br />each other address as Lrnder may designate by notice ro Harrower as provided herein. Rny notice provided for in this
<br />Maatgate shalt 6c deemed io have beta given to Borrower or under wfien given in the manner designated herein.
<br />1S. UatEas Miasltate; Govtraiat Law; SereraiYity. This form aE mortgage combines tmifarm covenants for national
<br />use slid uwi-uniform covenants with Limited variations by jurisdictior. to corsstitute a uniform security instrumem rnvtnng
<br />teal property. This Mortgage chaff be governed by the law of the jurisdiction in which the Property is located. Tn the
<br />event that any provision or clause of this Mortgage w the Note conflicts with app#icahle law, such conftrct shaft not affect
<br />other provisiaris of this Mortgage ar the Nate which wn be given effect without the conflicting provision, sad to this
<br />end the provisions of the MottEate and the Na[e art declared io be stventfle.
<br />lf: lateasssr's CaPy~. Borrower shaft tx himislied a conformed copy of the Note and of this Mortgage at the time
<br />of eatcutioet or after recordation hereof.
<br />17. Tsarataraf Uie lrgaaly; MawYaa if ail or any part of the Property or as iatereat therein is said or transferred
<br />by Harrower wiHqut Leach's prior wnnen conceal. excluding fa) the creation of a Pita m encumbran« subordinate to
<br />this Marttate, fb) the creation of a purchase money secttnry interesa for household appliances, {c) a transfer by devise.
<br />desowtf or by operation oP law upon the death of a joint russet or !d; the grant of guy ltasehnld interest of throe years or fens
<br />not rnratainint as option W purchase, Lender map, at Lender's option, detkare all the stems secured by this iortgage to be
<br />ittamadirmty due and payable. Leader shall leave waives such option to accttera[t if, prior to the safe ar transfer. Lender
<br />and the person to whom the Property is to tx sold or frausferr+ed rpch agreement in writing that the credit of such person
<br />is satifactory to Lender and that the interest payable an the sums secured by this Mortgage shall be a[ such rate as Lender
<br />shalt regttq[. If 1_wder leas waived the option W asxeterate provided iv this paragraph t 7, and if Borrower's successor in
<br />iAteterR has eaecuted a writMa afaWnption atrtemeai accepted in writing by Ltader, Lender shall release Borrower fr[ttn all
<br />obliptioaa wader ttlis Moretatt std the Note.
<br />If Leader exercistx such option W aoceleratt, Lander shall mail 8arrower notice of aecxkration in accordance with
<br />paratrapir 14 hetttaf. Sut:h ngite sttaB provide a period of tsar Less than 30 days fmm the date the notice is mailed within
<br />which Hatmtver may pay the soma declared dtx. if Borrower lath to pay such sums prior to the expiration of such period.
<br />Eraadu rsay, wirfseart further notice or dmuod an 8arrower, invoke any rcmaiies permitted 6y paragraph t 8 hereof.
<br />I+TW!+ U[st[uax C:avutaa?n. )torrawsr and Lender iurUtet covenant and agree as follows:
<br />li. Ataairidlrrr. lAarau alas. $eqf as peavVN is prs~ra/h 19 hereof. upaa Barsawer's 6rtatb of oy coraaaaf or
<br />a[ Ms[s~aa i. NY , lacladitrE the CaveiOab tt pay wlsea Mr say saris wstaeed by thi 'Vlosipie,
<br />lf~wds t~t is MtaaiwaliUa sittat tiuR aster to lbrlasnr ys psevefe/ i• pratisaP- U YNeaf sPedtyiaR,: {l) tb beach;
<br />i~-IMtaalYh ta*Iwd Mare stub Owaeik t3) a lase, sat tar than _lt Mys fesar 1M Mee thr artke i. erile~ to Havswav,
<br />hj tetrtirh wait i1M~t ^raal. iia stsra~l sae N;" drat /aHare q rare sack btteatth oa or Mfare else Mk staacliW is the taatke
<br />stn0' la~il appin~R at the rtsssa reetssal hs tNs Mssya.s. fasacirwre b jwticial MweeeMMt awl teak of the Pra~evry.
<br />'1'Yati~Mltalfttf 1<Maa- LiMtta MsNaRw ai she ttLiMt ro srisaiuse agar aeceieraUaw ad the rftht w ssreri b the foraclosare
<br />)lbyargiy Ills arh~ar$AMSpr art a 1e/aMM ar cry otter delare of lasrawer h aenicrrMier sad toreclaaare, U the fsreaeh
<br />iii {~ ~ M alt i y~.[y~~' yam, R i~Y~a{ )t Ih! lli~tia lra~al` it l.Ea~rr~r a/ithla relay d[da[t aw O/ tt~Y~r,,atl~r.~ft~lOl'Yrl~ by
<br />+T~t~+tla M isaata~ tae sad tryahle witMaal farliar Itasaail call ragas' foteClaae by IaiirW procetlhrt. I.caier
<br />i11t1tMte~l~atilaoaiMct+lh aacfaPnaaNlt~tB ar aapaaara d iawrMsrwrc, taclattYt, bM uW BsuYni ta, Crab of darrwratary
<br />eRllattab s11MAtM ttiti,MMs ra/niti
<br />Hk, HMswatif'a ~i fa. fritttiala. Nattr>lltstandirtg !_eader's ac-ce#eraricrn of the sums sxurtd by this Mortgage,
<br />Bprtawar sttiY Nava tha rfttkt to bawl any prosead~s baton 6y f-etsctet t., enfxee this Mnrtgayr discz~tttinued at aaY ttsr.e
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