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<br />Letder's written agreement ar applicabie law. Borrower shah pay the amoum of ail mortgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant zo this paragraph 7. with interest thereon. shall became additiorai
<br />indebtedness of Borrower secured by Yhis Mortgage. Unless Borower and Lender agree to other terrtts ofi payment, such
<br />amounts shalt be payable upon notice from Lender to Borrower requesting payment thereof, and shalt bear interest from tine
<br />date of disbursement at the me payabx from time to time on outstanding principal under the Note unless payment of
<br />interesE at such rate would he comrary to applicable law, in which evrnt such amounts shat! bear interest at the highest rate
<br />psrmissfble under applicabie law. Nothing contained in this paragraph 7 shalt require Lender to incur any expense or take
<br />aay action hereunder.
<br />S. dnspection. Lender may make or cause to be made reasonable entries upon and inspections of the Property. provided
<br />that Lender shat! give Borrower noticz prior to any such inspection specifying reasonable cause therefor related to Lenders
<br />interest in the Property.
<br />9. Condemmtion. The proceeds of any award or claim for damages, direct or consequential. in connection with any
<br />condemnatio.^. or arbor taking of the Property, or part thereof. or for conveyance in lieu of candemna[ion, are hereby assigned
<br />and shall be paid to Lender.
<br />in the event of a total taking of the Property. the proceeds shall be applied zo 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 Lender
<br />otherwise agru in writing. there shall be applied to the sums secured by this Mortgage such proportion of the 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 />!along bears to the fair mazket value of the Propem• immediately pror to the date of taking, with the balance of the proceeds
<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 far damages. Borrower faits to respond to Lender within 30 days afar the date such notice is
<br />mailed, Lender is authorized to collect and apo{y the proceeds. at Lender's option, either to restoration or mpair of the
<br />Property or to the sums secured b+~ Ibis Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing. any such application of proceeds to principal shall not extend
<br />or postpone the due date of [he monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of
<br />such installments.
<br />10. Borrower Not Released. Extension of the time for payment or modification of amortization of the sums secured
<br />by this Mortgage granted by Lender !o any successor in interest of Borrower shall not operate to release. in any manner,
<br />the liability of the original Borrower and Borrower's successors in interest. Lender shalt not be required to commence
<br />proceedings against such successor or refuse to extend time for payment or 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. Forhrarance by Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such right or remed}•.
<br />The procurement of insurance or the payment of taxes or other liens or charges by Lender shalt net be a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />52. Rs. ~:~ CumuiatEve. All remedies provided in this Mortgage are distinct and cumulative to any other right or
<br />remedy under this Mortgage or afforded 6y law or equity. and may be exercised concurrently, independently or successively.
<br />i3. Successors and Assigns Bound; Joint and Several i.iabiBty; Captions. The covenar.!s and agreements herein
<br />contained shall bind, and the rights hereunder shall inure [o, the respective successors and assigns of Lender and Borrower.
<br />subject to the provisions of paragraph 17 hereof. All covenants and aereemrnts of Borrower shall be joint and several.
<br />T'he captions and headings of the paragraphs of this Mortgage are for convenience only and are not to be used to
<br />interpret or dESne the provisions hereof.
<br />14. Notice. Except far any notice inquired under applicable law to be given in another manner. (a) arty notice to
<br />Borrower provided for in this Mortgage shall be given by mailing such notice by certified mail addressed to Borrower at
<br />the Property Address or at such other address as Borrower may designate by notice to Linder as provided herein, and
<br />fb) any notice m Lender shah be given by certified mail. return receipt requested. to Lender's address stated herein nr to
<br />such other address as Lender may designate by notice to Borrower as provided herein. Any notice provided for in this
<br />ivia;,gage shall ik deemed to h e been giver, to Borrower ar i_ender when giver, in the manner designated herein.
<br />t5. Uniform Mortgage; Governing Iaw; Severability. This form of mortgage combines uniform covenants for national
<br />use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering
<br />real property. This Mortgage shall 6e governed h}' the law of the jurisdiction in which the Property is located. in the
<br />event that any provision or clause of this ?dortgage or the Note conflicts with applicable law, such conflict shall not affect
<br />other provisions of this Mortgage or the Note which can be given effect without the conflicting provision, and to this
<br />end the provisions of the Mortgage and the Nate are declared to be severable.
<br />16. Borrower's Copy. Borrower shall be furnished a conformed copy of the Note and of this Mortgage at the time
<br />of execution or after retardation hereof.
<br />27. Transfer of the Property; Assumption. If all or any part of the Property or an interest therein is sold or transferred
<br />by Borrower without Lender's prior written consent, excluding (a) the creation of a lien or encumbrance subordinate to
<br />this Mortgage, fb) the creation of a purebase money security interest for household appliances, fc) a transfer by devise,
<br />descent or by operation of law upon the dea!h of a joint tenant or (d) the grant of any leasehold interest of three years or less
<br />not containing an option to purchase, Lender may, at Lender's option, declare all the sums sec~~red by this Mortgage to be
<br />immediately due and payable. Lender shall !rave waived such option to accelerate if, prior to the sale or transfer. Lender
<br />and the person to whom the Property is to be sold or transferred reach agreement in writing that the credit of such peaon
<br />is satisfactory [o Lender and Shat the interest payable on the sums secured by this Sfortgage shall be at such rats as Lender
<br />shall request. If Lender has waived the option to accelerate provided in this paragraph 17, and if Borrower's successor in
<br />interest has executed a written assumption agreement accepted ;in writing 6y Lender, Lender shall release Borrower from ati
<br />obligations under this Mortgage and the Note.
<br />If Lender exercises such option to accelerate, Lender shall mail Borrower notice of acceleration in accordance with
<br />paragraph IC hereof. Such notice shall provide a period of not less than 30 days from the date the notice is mailed within
<br />which Borrower may pay the sums declared due. if Borrower faits to pay such sums prior to the expiration aE such period,
<br />Lender may, wlthouk fittthet notice or demand nn Harrower, invoke any remedies permitted by paragraph IS hereof.
<br />Nor•UtrtFOatvt CoveNeNTs. borrower and Lender further covenant and ogre;; as follows:
<br />16. Acceleration; Remedles. Except as provided in paragraph i7 hereof, upon Borrower's breach of any covenant or
<br />agreement of Borrower in this Mortgage, including the covenants to pay when due any sums secured by this Mortgage,
<br />Lettdte price to sccaterateon shag mail rrotice to Borrower as provided in paragraph 14 hereof specifying: (1) the breach;
<br />12) the asttoo reaaired to sure such breaskt: (3i a date. trot less than JO davs from the date the notice is mailed to Borrower,
<br />by which sash breach most br carrel; and (4) that failure to cure such breach on or before the date specifted in the rwtice
<br />may result in acceleration of the sums secured by this Mortgage, foreelosure by judicial proeeedittg and sale of the Property.
<br />The notice shall further inform Borrower of the right to reinstate aNer acce{oration and the right to assert in the foreclosure
<br />proceeding rite trotr-existence of a default or any other defense of Borrower to acceleration and foreclosure. If fhe breach
<br />fs net eur,:d an or before the date specibed in the mtticr, lxndee at Lender's option may dertere all of the sums secured by
<br />tole Mortgage to be immediately dolt and payable without further demand and may foreclose by jodkial procceding. [.ender
<br />shy! ba entiSied to collect 3n sosb praseedittg all expenses of foreclosure, tneludfng, but not limited to, costs of documentary
<br />evMleuce, ab~rasts and title reports.
<br />14. 13terrower's Right !o Rair~late. Notwithstanding Caroler's acceterattrnt of the sums secured by this Mortgage,
<br />iicrrawer shall have the rgfit to have any proceedings begun by i.::nder to en tares tilts tforgage discontinued at any trrtc
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