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Fa'rt~ c508 B
<br />Lender's written agreement or applicable law. Harrower stral€ pay the amount of atY mortgage insurance premiums in the
<br />manner provided finder paragraph 2 hereof.
<br />Any amounts disburud by Lender purs!tant to this paragraph 7, wizh Interest thtreon, shad become axfditianal
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of pa}•ment, st_xh
<br />amavrts shah be pa}•able upon noire from Ixndec to Harrower requering pay-mem thereof, and sha19 'tzar interest from the
<br />dart of disbursement of the rate payable tram time to rims an outstanding principal under the Zs?ote unless payment of
<br />interest at such rate would be contrary to applicable law. in which event such amounts shall bear in?erect at the highest rate
<br />permissible under appy.^able taw. Nothing contained in this paragraph 7 shall require Lender to incur any expense ar take
<br />any action hereunder.
<br />$. 7rispeetloo, Lender may make or cause to be made reasonable entries upon and inspections of the Property. provided
<br />that Lender sfiaiF give Borrower notice prior to any such inspection specifying reasonable cause therefor rctatu3 to Lender's
<br />interest in the Property.
<br />5. Condemnasbn. The proceeds of any award ar claim for damages, direct or consequentiah in connection with any
<br />condemnation or other taking of the Property, or part thereof, ar for conveyance in lieu of condemnation, are hereby assigned
<br />and stroll be paid to Lender.
<br />In the event of a tarot taking of the Properly, 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 Ir_r[der
<br />otherwise agree in writing, tfiere shall he applied !o the sums secured by this lfarigage such proportion of the proceeds
<br />as is aquae to that proportion which the amount of the sums secured by this :4orgage immediately prior *.o the date of
<br />tatting bears to Ehe fair market value of the Pre perry tmmediataiy prior to the date of taking, with the balance of the proceeds
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower. ar if. after notice by under to Borrower that the condemnor oRers to make
<br />an award or settle a claim far damages. Borrower fails to respond to Lender wifiin 3G days after the date such notice is
<br />mailed, Lender is auffiorized to collect and apply the proceeds. at Lender's option. either to restoration or repair of the
<br />Properly or to the sums secured by this Mortgafe.
<br />[ i.,t~« t ...,.de: and Burro - ath~ ~'i n ..... ^h •a:^ tiara rf p ^^as > c{poi °h'll ..,,. ~,....^d
<br />fur postpone the dun date of the monthly installments referredryto yin paragraphs i and• Z hereof or change the amount of
<br />~sarch installments.
<br />10. $arinwer Not Released. Extension of the time far payment err modification of amortization of the sums secured
<br />by this Mortgage granted try Lender to any successor in interest of Harrower shall oat operate to release. in any manner.
<br />tine liability of rice original Borrower and 8orrower's suu.ess,ars in interest. Lender shall not he regained to commence
<br />prpceredings against such successor or refuse to extend tune for payment or otherwise madih~ amortization of the sums
<br />securt;d by this bortgage b}• reason of any demand made by the nrigtna.l Aorrower and Borrower's successors in interest.
<br />l 1. Forbearaore by Lender Nxrt a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, ur
<br />otherwise afforded by applicable Iaw. shall not na :: waiver of or prec€ude the exercise of any such right or remedy.
<br />77[e procurement of insurance or the payment of taxes or other liens nr :barges by i_ender shall not be a waiver of Lender's
<br />right to accelerate the maturin' of the indebtedness secured hw this Mangagc.
<br />i2. Remedies Ctmcalatlve. Ail remedies provided m this Mortgage are distinct and cumulative to any other right or
<br />remedy under this Mortgage or afforded by !aw or cqunv. rand may t>e asrrused cor•,curmntly. indapendenth' or successively.
<br />13. Successors and Amigos Hound( Joint and $ererai I.iabHity: Captions. The covenants and agreements herein
<br />contained shall hind, and the right; hereunder shall inure to. the respr._ !vr successors and assigns of Lender and Aorrower.
<br />subject to the provisions ai paragraph 77 hereof. 411 covenants and agreements of Borrower shalt he joint and several.
<br />Ilse captions and headings of the paragraphs of this =Uortgage xre for convemence rants' end are not to be used to
<br />inferptet or de$ra the provisions hereof.
<br />.w. °F'c3l`-,res. cxiapT fo,- any uiitCe reyuir-rd ::rcier .appiis<:rhir fist ,o ice g_:v~n ~r nattier manner. in v notice ro
<br />Horrow°er provided for in this Mortgage shat! tx given by ma:,ing such nonce h}' crrufied mail addressed to~~Bar;'ower at
<br />rite Property Address or at such other address as Borrower m::e riesrgroatr, hp nnnct to Lender as provided herein, avd
<br />fbi ~nrrv notice to Lcndrr <nali he given ixy cenifiea moil. remre roccip[ requzfed. rn i ead~ei s address stated "Herein or to
<br />of ~-; rt.,...... ... ,~ . ,~
<br />eCi; at?'~r add:.°:s as Lender m-ay d g;atc t;v . ,« .,, .,.;rr: ~:=cr :,; provided `. rtvn. A.r+ =~otitc c-ovided tar fir. [his
<br />Pwfartgage shah he deen[ed rn have taco g ven to "r3nernwer or i ender :a}ven give:a !t+. the m_nncr desi~n~tad herein.
<br />L5. IJn-ro_rrex Mnrr~,m_: [:. .~ i9_. c..~~awieu -TM.s t., , _,t ...., t n:b:•....P .,nifa.... .......s f^,....., aua!
<br />use; and non-uniform covenants with iimxte t vanauons t } un,dict n ~_ ~>nsnrute a umtorm secur•ty~mstrumant covering
<br />real property. Iris iiangage shall t+[• ecserred by the '. .,` =,he iurisdtciion in which the Prapeny i•. !uc:ated. In the
<br />event that any provision w' clause of chic Mvngage r+r Poor\om conBicts with applicable law, such conflict shall not affect
<br />arbor provisions of this Mortgage ur the Note which can hu Linen etlect without the confiicdng provision and to this
<br />end the provisions of the Mortgage and the '`are are declared to he severable.
<br />16. Borrower's Copy. Borrower shall he funushed a conformed copy of the .Vote and of the Mortgage at the time
<br />of execution or after recordation nareof-
<br />f7. Transfer of lice Property; As+:nmptinn. If ail or an} part of the Prepeny or an interest therein is sold ar transferred
<br />by Harrower without Lender's prior written consent. excluding ta! the .: reatian of a Tien cr encumbrance subordinate to
<br />this Mortgage, (b) the creation of a purchase money seaui[q interest far houschotd appliances, (cl a transfer by devise,
<br />dexcrnt or 6p operation of law upon the death of a joint tenam or td: the grant of any leasehold interest of three years ar less
<br />Hai a~ntaining an option tc purchase, Lender may, at Lender's npuon, declare all the sums secured ray this Mortgage to he
<br />immediately due and payable. Lender shall have cloned such cotton ~o uocelrrate :f. onion n.. the sale or transfer. Lcoder
<br />and tl[e person w whom ens Pre•~np is to be said or transferred reach agreement m wrmng that the credit of such parson
<br />is saiisfacuxy to Lender ;and that the interest pacabir on the sums ±eaaed by this Mortgage <halt be at such rate as i_ender
<br />shall request. If I_endvr has waived the aprian to accelera!c provided in this paragraph 17. and d Borrower's successor fir.
<br />interest has executed a written assumption agreement accepted in ss riling by t.ende:. !.ender shall release Borrower Iron ail
<br />obligations under this ".14artgagc and the Note.
<br />If Lender execcises such op[iaa to accelerate, Lender shall mail Barrouror notice of acceleration in accordance with
<br />paragraph 14 hereof. Such notice shall provide a penod cf not less than tt) days from the date the notice is mailed within
<br />which Borrower may pa}' the sums :.xeciared due. If Bar[ower :`ails :o pay 4u.h ,ums prior to the expiration .•f srr,h penod,
<br />..cower rx:ay, without sitriher roue ar demand on Borrower, invoke au} remedies Ferm:tted by paragraph 1'1 hereof.
<br />NDN•IJNEFOa.bl (~c)u F.tiA1TS. Ba['row'er ant] I.rixder (urine[ iU': e'.nant and agri'.e: a~ foll[:tk's.
<br />f&, Accciatabion; I$etaettIes, Fscepi a_s provided in paragraph 17 herecE, upon Borrower`s breach of any ccvruanf cc
<br />agt•ertneat of Borrower in this 9lortgs~a, incind[ng tlce cos enanis to pay when due uny sums secured by this lfurigage,
<br />Louder prlar to arc'ebration shat{ mail entice w Burrower as pro*~ided in paragraph IS hereof specifying: (f) the breach:
<br />(2) the asZ7lnn requksd Pu cure such bred[: S3) a date, nut less than 3B day's from the date !be c[aike is mailed to Horc~uwer,
<br />by srbit:b smcb b[earh [Host be cared: and 44} tiraa faBaee !o cure such breach nn ur ixt:forr she date s3ecftied in the notice
<br />zaag rrsuJt in arretara£inh of She cumv s.-ti.ared by thfi~ REurx~aKe, farecinsttrx fey judicial prurceding and sale of rite Yropcrty.
<br />Tice suttee shell fisM~r inform Borrower of the right to reieutute after urcekration and lire right to assert in the furecfusurc
<br />praxretding tiia man-mxistrnce of a dtfauJt ur an;- other dcfeu;c of gurrnwil l9 aeceleraliun and Eureclxwure. !f tree lrreacit
<br />~ oat cartel ua nr before the dote speritictl In the notice, i,ciidcr at I,ender'a option may declare wit u€ the sums secured by
<br />': iln~ Slort~e Ea be intutediaieiy due and payable without Further demand and rna} f+srerlcass? by judkiai proca~diag. trader
<br />_ha4l he ratified to euf{rr! in *urb prorred'ertg ail expc•rssen of force!«suae. including, but oat i6nlted to. cxrsts of dnrumeniar}
<br />evidtace, .akstrartr« card title reuoris.
<br />!$, iSatrane~3 f7:iahf la t~eirASEatc- -=iwrt'tes!and:rag i cnvv+e i..rat _ . . , __ .. __ 5. .- , ti:.r•o:.F
<br />fine ri,'~ret shalt ('rave the right ic, }ea.e eay ,-rr>ECedrnzs ^en.;, h•, 7 c.. au ,. _~. ,,.v _r._, °1 , ~„ _s. , ,u_..., ..t ray . an:
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