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<br />Lendts's written agreearen? er applicable Saw. Borrower shah pa;: the amrntrt of ail mortgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by I.trtder put Bonne to this paragraph ?, wa~tth interest thtrtrn, shall become additional
<br />indebtedness of Bnrre:vtr secured by this itfertgage. unless Bnrraw~er and lxnder agree. ra ether +.etms of patmeni. stzah
<br />amounts shall be payable upon notice from Lender to Borrower req uesrine pzymtnt thereof. and shah bear interest from ;he
<br />date of dishursemrnt ai the rate payable from time to Gmt an outstanding principal under the Nate unless payment of
<br />interest a2 such rate would be contrary to applicable law. in which event such amomts shall bear interest et the highest rats
<br />permissble under applicable Yaw. Nothing contained in this paragraph 7 shall requite ;,ender to incur any expense or take
<br />any action heretmder.
<br />g• iosptctioe. Lender may make or cause io be made reasonable entries upon and inspec;ions of the Property, provided
<br />that bender shall give Borrower notir_e prier to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />9. CondemtaaNtan. 'Ihe proceeds of any award or claim for damages, direct ar eonstqueneial. in connection wish any
<br />vandtmnatian ar atht: taking of the Property. ar part Thereof, nr for conveyance in lieu of condemnation, are hereby assigned
<br />and shall be paid to Lender.
<br />In the event of a Fatal taking of the Properly, the proceeds shaft be applied to the sums secured by this Mortgage.
<br />with the excess, if any, paid to Borrower. In the event of a partial t::king of the Property. unless Borrower and Iznder
<br />otherwise agree in writing, there shall he applied to the wms secured by this Mortgage such proportion of the proceeds
<br />as is equal to that proportion which the amount of ?he sums secured by this Mortgage immediatey prior to the date of
<br />taking bears to the fair market value of the Property immediately orinr to the date of taking, with the balance of the proceeds
<br />paid to Borrower.
<br />If the Prapetty is abandoned by Borrower. ar if, after notice by Lender to Bo.*rnwer that the condemnor offers to make
<br />an award or settle a claim far damages, linrrowtr fat/s m respond to Lender within 30 days after the dart: such notice is
<br />mailed. Lender is authorized to collect and aonly the prxr as, ar t~ndtr; ap•ian. e,.,a _ to rte:,, nhan ar fair of iiae
<br />Praptt-ty ar in the sums secured by this Mnngage. ~.
<br />Unless Lender and Borrower otherwise agree in writing, arsy such application of proceeds zo priripat shall not extend
<br />or postpone the due date of the monthly installments referred to in paragr<tphx 3 and °` hereof or change [he amounE of
<br />sucfi dnstallments.
<br />10. Borrower Not Released. Extension of the time for pavmert or motliflcation of amortize?ion of the sums secured
<br />by this Mortgage granted by Lender to any succtxsor in interest of Borrawer shall nni operate to release. in any manner.
<br />the liability of the arigiaal Dorzower and Borrowers successors in interest. Lender shall not he required to commence
<br />prncetdings against such successor or refuse to extend time for payment or otherwise modify amortization of the sums
<br />sectored by this Mortgage by reason of any demand made by the original Borrower and Borrower's sttccessoa in interest.
<br />11. Foe6earaote by Leader Not a Waiver. .4ny fnrbtarance by I Winder in ecerising any right or remedy hereunder, or
<br />ollierwise atlarded by applicable law, shall not ht a waiver of or preclude the exercise of am such right or remedy.
<br />"[he pracuremmt of insurance ar the payment of razes or other liens or charges by tender sfiaii not bt a •.vaiver of Lender's
<br />right to accelerate the maturity of the indebtedness toured by this Martgaac.
<br />??• ea.m..as.. Cxmniative. Ail remedies provided in this Mortgage are distinct and cumulative to any ether right or
<br />remedy under this Mortgage ar afrorded by law or cquhv.:md may he teerastd concurrently, independently or successively,
<br />13. Snecr9wra and Asragrts Boutsd; Joint and Several IaabiBty; Captions. The covenants and agreements herein
<br />contained shall hind, and the rights hereunder shall inure to, the respective successor and as-signs of Lender and Borrower,
<br />subject to tizf-•. pt;rvi;fans of paragraph i7 hereof. All eavenants and :,greements of Barrowtr shall lie jnim and several.
<br />T?tt capiinns and headings of the paragraphs of ihi: Mortgage are for ::onvea lento nniv and are not to he used to
<br />interpret or de;=~ne the provisions hereof.
<br />I+t. Notice. Except for any notice required under applicable taw io he grvrn in another manner. tai env notice to
<br />B•o!'rawtr pmy-!.!3ert rr_er in this itn~g...,a _. - y ... ,
<br />oE. »`,al. iv n g such nnuct nv r tri ~ mail :tddres~Yed to B:,rr,~wcr at
<br />the. Praptr,• Addrts=- rat »rch ether adr_ire a Bt..:=,w ...a; d.,:znata n:: 't.,ti~c :o i.vnucr as nrnvided herein. and
<br />•`.b7 atn,. r:c•;te to i_na'.v.: ;tai: ~ gtvtr, :; certi.9td Ana;i, return receipt regtttsted. to I.tnder's address stated h~-rein or ;a
<br />such triher sddress ss Lender may designate by notice to Borrawer . -,vi,tt~t h._rti.; .s^v ., _ _ _ __
<br />•°+~.s%yn?gt s:;ali Lrc drnrr.~ to haver ntn given ac Borrawer ar i.c°nder wiser gavtn in the manner designated, hcrein~ rrs
<br />lc, Ltd s~ ~~~r ~,riesati~g Law; Sevtrn~ty. shin form nt mortgage cambiats uniform covenants fo: ratiarsal
<br />use and nor.-uniform covenants with limited vanatioas by ntrisdiction to constitute a uniform secunty instrument covering
<br />rte; property. 'This Mortgage shalt bt governed by the law of the jurisdiction in which the PrnptRy is located. in the
<br />event that any provision or clause of this Mortgage or the Nate conflicts with applicable law, such conflict shat! not affect
<br />other pravisiaas of this ltfnrtgage or the `v'ote which can bt given effect without the conflicting provision, anJ to this
<br />end ?he provisians of the Mnrigagt and [he 'tiote are declared to t•,t stvtrable.
<br />15. 13atrva~er's Copy. 13arrawtr <hall Ore Furnished a conformed copy of the tiote and of this Mortgage at the time
<br />of execution or after reeardation hereof.
<br />47. 3'ramttr of the ;?raperty: Assumption. If a!1 or any par. of the Property or an interest therein is sold or transferred
<br />by Bctrrawtr without Lender's poor wrinen consent. excluding fat the creation of a lien or encumbrance subordinate to
<br />this Martgagt, (b3 the crratian of a purchase money security interest tar household appliances, fe) a transfer by devise,
<br />descent or by operation of law open :he death of a joint tenant or Id) the grant of any le-assha!d inrer~~t of three ears ar less
<br />not caraaining an option to purchase, Lender may, at Lender's option. declare all [ht sums secured by this Mortgage tt•, bt
<br />immediately Atte and payable. Lender shall hove warred such option to accelerate if, prior to the safe or transfer, i.eade:
<br />anti trte: pcrsvrr ti. whore the Propert'y' is to ,~ sat,: cr tra::sftrrcd reach agretmem in venting that the_ cratiit of ,uch person
<br />is sa?isfactory to Lender and the? the interest payable on the Burns secures! h} this Mnngage shat! he at such rate as Leader
<br />steal! toques[, If Lender itas waived the option to acceeratt provided in [his paragraph ii. and if Borrower's successor in
<br />interne has executed a written assumption agreement a<ctpted in wrung by Lender. Lander shah reietsse Borrower from ail
<br />obligations under this Mortgage and the Mott.
<br />If Lender exercises such option to aeceleratt, Leader shaft mail Burrower native of acceleration in accordance with
<br />avr~v r~„t: t+ ~r>~I ~,..y, naTiK sh¢l: -- d-' ,-vertod c=f clot less rear, ±ti days from th ~ alt the rraiicc is mailed within
<br />which Burrower ntay pay the Buses dtclarcd dtte. if Borrower Coils .e pay such sums prior to the ._=pi=alien of suci: pM1riad.
<br />Lttrdts may, without further notice cu Demand on Borrawer, ~nvokt any remedies permitted by paragrap-t Ig her-af.
<br />Nat+t-Lr:ttoatM Coo€vnw;s. Basrc»vtr and Lender further covenant and agree as follows:
<br />f S. Actekratios; >$cntedtes_ Excepu ~ provided lit paragraph l7 hereof, upon Sorrowtr's breach ai any covenant ur
<br />c~rastaeau oQ 18rarrower iss this 3tortgaee, including the cttvenanis to pay when doe any sums secured by this 9tortg~e,
<br />~ ~ to atztftrt€lioa skalL mae7 rtotliee to Atirrower as provided in aaragrauh 1;1 boreal' _.,,e~stvir,u, i t z et,~, t.~,~a..a.
<br />ici i~ aeiida regmirad to cure Bach brratbt fJ) a date, ire 1 tan: than 321 days from the date tint notice is matted ttt Borrower,
<br />try whCtk ash 6tEaclt ~nai 6e crated; and ti) that failart to cure sneh hreacft on or before the dart spetilted 1n the tsatece
<br />ta9ait ka ~rirleridion of the x'aitiss sxcnrtd by this Mortgage, foreclosure by judktal prureediatg and sacs aE ihr property.
<br />Ti}¢ nnatlse chaU faaiher isfarm Bntrutvtr a!' the r~ht to reimtaie after acrtltrattnn and rht rigFat au asxet't in the fortckrsrsre
<br />yrrrettidbaE ti3e %r~nn-sztstace oY a default ur any other dcfetue of Bourower to acce4eration sn¢d fesrecleavure. tf ttt~ breach
<br />is rttrrd tm or 6tiere %he date spetYfied in the cot%ks. Cinder al Ltrnler's option cony decisre all aI else sotto secured to+.
<br />this Ms+ig#tz w 6z lntmtefy doe and payable withatuf €nrtttet atta:asad and tray fareek,~ by ;udkia! pr,;tzc~i,:a. .,e,-~:zr
<br />ar1SaR rte en6~#f3ed its si_~ltssci in sneh pruc'c+tdlt~ aB rxpt of foreel~nre, iuclarl~. 6tet nor Li~.tt~ t ?~ .. ~ntarv
<br />ev, ~airaetx and thk rtgpr~, - ..,~.~ .,:..,,....
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