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<br />Lender's written agreement or applicable law. Flnrrower shaft pay the amount of all mortgage insurance premiums in the
<br />manner provided under paragraph ?hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon. shelf become. addirinnal
<br />indebtedness of Borrawcr secured by this Mortgage. Unless Borrower and Lender agree in other terns of payment, such
<br />ammmts shall he payahk upon notice from i_ender to Borrower requesting payment thereof, and shall bear interest from the
<br />dale 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 shaA liar interest at the highest rate
<br />permissible under applicable law. Nothing contained in this paragraph 7 shaft require i_ender to incur any expense or take
<br />any action hereunder.
<br />8. inspection. Lender may make or cause to be made reasonable entries upon and inspections of the Prapert}•, provided
<br />that Lender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lcnde.-'s
<br />interest in the Praperty.
<br />9. Condemnation. The proceeds of any award or claim for damages, direct ar consequential, in cannectian with any
<br />condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned
<br />and shall be paid to Lender.
<br />- Tn the event of a total taking of the Property, the proceeds shall he applied to the sums secitrcd by this Mortgage.
<br />with the excess, if any, paid to Aorrower. in the event of a partial taking of the Property, unless Borrawcr and Lender
<br />otherwise agree in writing, there shall be applied to dte sums secured by this A3nrtgage such proportion of [he 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 hears to the fair market value of the Property immediately prier to the date of taking, with the balance of the proceeds
<br />paid !n Borrower.
<br />If the Property is abandoned by Borrower, or if, after notice by i_cnder to Aarrower that the mndemnar offers to make
<br />an ;»vard or settle :t claim for damages, Aorrower Pails ro respond to Lender within l0 days sifter the date such aatice is
<br />mailed. Leader is authorized to cntfect and apply the proceeds. at Lendei s ap;ian, either to restaratinn qr repair of [he
<br />Propert}~ art in the sums secured by ;Iris Mortgage.
<br />Unless i_trncler and Barrnwer otherwise agree in writing, any such application of proceeds to principal shall not extend
<br />or postpone the due date ;,€ the ntnntfTly irastaliments referred to in paragraphs I and ~ heree"f art change the :tmmmt of
<br />each insraflments.
<br />10. Borrower Nnt Released. Extension of the time for payment or madiftcatiart of amortizatiote of the arms secured
<br />!sy this Mang:rge granted be T,endcr to any' successor in rote rest of Aorrower shall oat operate to release. in am• meaner.
<br />the Gahility of the nriginnl~Rorrnwer and Aorrawa:r's w~uccCSSOrs in interest. i-~andcr shall nni he rcyvired u? commence
<br />proceedings against such successor ne refuse to extend thmc for payment or otherwise attndify amortization of the sums
<br />secured by this ildnrtgage by reason of any demand made by the arigi Hal Aorrower and Aorrower's successors in interest.
<br />t 1. Forhearanre by bender Not a Waiver. Any farhearance by Lender in exercising ,nn• right or remedy hereunder. or
<br />otherwise afforded by applicable law, shall not he a waiver of or preclude the exercise of am' such right or remedy.
<br />T'ne procurcarent of insurance or the payment of races nr other liens au charges by Lcndcr shall nor be a waiver of Lender's
<br />right in accelerate the rnaU;rity of the indebtedness secured by this Mortgage.
<br />92. Remedies Cumulative. AIi remedies proaulcd in this Mortgage arc distinct anJ cumulative to ;tnv other right or
<br />remedy ender this Mortgage art afforded by law rr equity, and may he exercised concurrently, independently or successively.
<br />13. Successors and Assigns Bound; Joint and Several i.iability; Captimts. The covenants and agreements herein
<br />contained shall bind, and the rights hereunder shall inn!^e to. the respccu~~c succesao rs and assigns ,?f Lender and Borrawcr.
<br />subject to the provisions cf paragraph 77 hereof. :1A covenants and agreernents of Aorrower snail be join[ and several.
<br />The c7i ptioos and iuatlings of the paragraphs of this 'Mortgage arc for convenience only and are not to he used to
<br />inbcrpret art <icfinc !hc fimvisinris hereof.
<br />l+i, Notice. E.crcpt tar nny notice rcquircti under applicable Im:v o, Esc given n another mariner, eti any oo!ice m
<br />13arruu•c= prnv3ded fee :n this Marteasc shall he eivcn he rnadine surP• n:~, i r:s ~~rertiit I ,:zi. n 1 irt, std !.. Ac ~o:vcr at
<br />the PrapcriV Ar~4dress :1r at such other address us E'lorrawcr ntny des'igmrtc bti• notice to Lcndcr as provided herein..r~nd
<br />%`ni am notice to Lcndcr snail t>r: elver. lty' ce r.iftud rnnii, rctur r. recri,r,t requcstc.7, t,a ' en+lcr's addresr~ stated ` ate to
<br />such inner ;3dresi as f.crdcr may dcsign.tte by nonce to Aarrower as prov dui .,cn,i _. slot na!ue provided afe:115~n this
<br />Mortg:ge sh:di ha: deemed to have been given to Aorrrnvcr or I ender when given in the manner designated herein.
<br />i5. Uniform Mortgage; Governing haw; Severability. This form of nm!!gacc ernnhir,es undarrn covenants =or natinn:il
<br />use and nomuni(orm covenants with limited variations 6y jurisdiction m uxtstiurte a uniform sea!nty instrument mver!ng
<br />real propert}• This Mortgage shall he eovenud by the !aw n( the naiuiiainn in •,vhich the Pmperry• ix located. In the
<br />event that any provision or clause of this Mortgage art the Nute conflicts u-ith ;:ppiieahlc law, Hoch conflict shall not atiect
<br />other provisions of this Mortgage nr the Nate which can 6c given clfcct :vi!hout the -~rnt;i i.!in!; provision. :md to this
<br />end the provisions of :hc Mortgage and the Note arc declared to he +everoMe,
<br />16. Borrowers Copy. Borrower shall he furnished .:.onCormed copy +~f the vote ;mJ of this Marteage at the time
<br />of esettrtion or otter recordation hereof. __ _
<br />17. Transfer of the Praperty; Assumption. If all nr any putt of the Property ~+te!MMI'WYtIMtlttp!!fa lllSOfd u1',trans[crred
<br />by Aorrower without Lender's p!9or wrincn cunsem, excluding b:l the rrcation pf a~1RNP.flirlrit}A~{Gr>Sli'8k+ce suhordinete to
<br />thie 3imtgaye, th) the creation of a purdtaso money security interest G,r house)#efld'ht~liedR:CS3 Nak>a'~Ythe€f~r b}' devise,
<br />descent or by operation of hiw upon the ~.lcuth eF :! loin !anent or-i.N,rAr-trr;.au.e " "-' " s.u.bvr.:_
<br />.H+1rwt. Lmuicr may, tit Lcndcr's upt!on. declaic .,II :hc sum. seeurod hp this `a origage h.~ he
<br />nnntcehately due and payable. tender shall base w.i:vcd such option tit a,crler.ae il. prior !,, the ,,de or .rooster. I ender
<br />and the parswt !o whom the Propert} i; to be said or Ir!nsfern•d reach agreement ,n wruu¢ that tins c!cd!! of such !;coon
<br />:s saliafaetary to Lender and that site interest payable s+n the cum. secured by !his Mnrtga ce shall be nt such rate tic Lcndcr
<br />shall request. If Lender has waived the option to accelerate provided i;i this pa r.;gra ph 17. and if Aorrower\ nuecessur in
<br />interest has executed a avritten assumption agrcente»t accepted in u:iting by Lender, Lenucr shall release Born,~ser Iron all
<br />attiigairans ender this ~iangage arai six tiotc.
<br />If Lcn3e! cscre ices such nptien to accelerate. 'Lender shalt mail &v!o+c e.! enure of a cclaraunn u . dnnhu:ce w!th
<br />paragraph Id hereof. Such notice chail provide a pe Had o! no! icsv than 70 dsvs Yrnm the date ^:c uo!ica~ i; rmtilcd within
<br />which Aorrower nny pay the sums declared due. li Borroter tail. !n pay such .ems pn~.,; !:. the expiration ,:I such period.
<br />l.ettder nny, without further naticc ur demand on Bormucr. nn'okc am nro:cd.cs pertr:.ucd 6} uaragi aph IS 6crco(.
<br />Non-UNit~oant Cbver..+rt ts. Aorrower and Lcndcr Lu ibex atvcn.un .: r,d agree ns (uilows:
<br />18. Acccleratiori; Nrmedics. F,xcenl as uruvided in naraerauh 1't hcre_oi. uuwr A_ on-nwcr's breach of n aui or
<br />agreement of Borrower in Ittis ~iortKaKe, including the cu. cn:utts m pay a+bea•due any sums sccureri 6y +thia +linrigage.
<br />Lettder prior to acceteration shall mail nutitt h> Aorrower us pmvidcd in para>;e'aph !4 hereof spccifyirig: 11) the breach;
<br />(1) the action required to cure such bread:; (3) a date, not Icss Ihan 3t1 day. from the riatr the notia• is mailed b, Aorrower.
<br />by which such blench must hc• cured; and (di that Cailurc 6r care such breach tin or before the dale specified in the notice
<br />rrtay resu lY in acceteratian of the sums secured by this 4lortgage, foreclosure b± }ndici:d prucrcdiog and sate of the I'n,perty.
<br />~hhe Notice stwU farther iwfvrm Aorrower of six rrt;ht !u reinstate crier acederaGnn and the dgl+t m asen in tEra• lur.cfu_sure
<br />aeS
<br />praceerling the r:r:n-axistener of a default art »r.} ctt.cr +tefen.e ::f Aorruycr to ace.•I.°raiico axed furs-c[nsure. .: the t: ,
<br />is rod cured oa or before t1:e date specified in the notice, F.en:tsr at f.en<ler's opthm assay daYiare ai{ of t`ne .+inis sat ur w by
<br />this hiartgare to Pre immediately due and payabfe without further Aemautl and ma.' force tine b}- indicter proceeding. [ruder
<br />shelf be emit{rd to callers in such proreadint; aP czpenve_s of frrertosure. indudiq~, but tint thniu•d fu. costs of due u:nentas}
<br />evidence, ah;lrnc is anal titre reports.
<br />f$. Ibarrnwe Ps Right to Reitisiate. ~iiNwt;hst.rud!ug 1 codci .........n i- .d .. .-w. u,...,~ . s ~ i.. '-i.-
<br />ht•rr.'+wc sL.dl have ihr right !s= It +:c ~: aced n;f. .~ tin s I ,-~r:.b.: i~ , . -. ..., cE :: -, :.... ~ i,
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