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<br />Lender i written agreement or appficabk law. Borrower shall pay the amount of alt mortgage insurance premiums in the
<br />manner prcwided under paragraph 2 hereof.
<br />Any amouets disMrrsed by Ixnder pursuant to this paragraph 7, with interest thereon, shall become additional
<br />indebtedness of &xrower secured by this Mortgage. Unless Borrower and Lender agree fo other terms of payment. s»ch
<br />amounts shalt tx payable upon notice from Lender to Borrower requesting payment thereof. and shalt bear interest from the
<br />date 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 ro applicable law. in which event such amcwnts shat! bear initiesi a[ the highest rate
<br />permissible under applicable taw. Nothing cnntaitrM in this paragraph 7 shall require Lender to incur any ezperrse or take
<br />any action hereunder.
<br />8. Itaepecrion. Lender map make or coax to be madt reasonable entries upon and inspections of the Property, provided
<br />that Lender shall give Borrower notice prior to any Birch inspection specifying reasonable cause therefor related to Lertdet's
<br />itterest in the Property.
<br />9. Cmrdemtrtblon. The proceeds of any award or claim for damages, direct or consequential. in connection with any
<br />condemnation or mhtr taking of the Property. or pan thereof. or for rnnveyance in lieu of condemnation. are hereby assigned
<br />and shall Ix paid to [xnder.
<br />in the event of a tMai taking of the Propeny, the proceeds shall be applied to the sums secured by this Mortgage.
<br />with the excess. if any. paid ro Borrower In the event of a partial takin¢ of the Property. unless Borrower and Lender
<br />otherwix agrce in writing, there shall be applied to the cams secured by this Mongage such proportion of the proceeds
<br />as is equal io that proportion which the amount of the wine secured by this Mortgage immediately prior to the date of
<br />taking bears to the fair market value of the Propem immediately prior 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, afty nmice by [.ender to Borrower that the condemnor offers to make
<br />an award or stile a claim for damages, Borrower fails' to respond to i.ender within 3o days after the date Bitch notice is
<br />rttaited, Ixnder is authorized to collect and apply the proceeds, at Ixnder's option. either to restoration or repair of the
<br />Property or to the sums secured by this Mongage
<br />Unless Lender and Borrower niherwise agree in writing, any such application of proceeds to nrincipal shat! nax. extend
<br />or postpone the due date cf the monthly instaiimtnts referred to in paraeraphs 1 and 2 hereof or change the amount of
<br />such instailmenit.
<br />10. Borrower Hot Released. Extension of the time for pavmenr or modification of amortization of the sums secured
<br />by this Mortgage granted fiy Lender to any succesu~r in interest of Borrower shall not operate to release, in any manner,
<br />the tiabiiity of [he original Burrower and Borrower's successors in inrcrest. Lender shall not be required to commence
<br />proceedings against such successor or refuse ro extend time for pavmenr ar otherwise modify amortization of the sums
<br />sectored by this Mortgage by reason of any demand made by the original Aorrower and Borrower's successors in interest.
<br />11. Fotbearrkare by Lender Not n Waiver. Anv forbearance by Lender in exercising any right nr remedy hereunder, or
<br />otherwise afforded by applicab}e law, shall not be a waiver of or preclude the exercise of any such right or remedy.
<br />The procurement of insurance or the payment of taxes nr other liens or charges by Lender shall not ht a waiver of t-ender's
<br />right ro accelerate the maturty of the mdebcedness secured hp this Mortgage.
<br />12. Remedies Cumuta8ve. All remedies provided in this Mort¢aee are ,iistinn and cumulative to any other right nr
<br />remedy under this Mortgage or afforded h7 law or eyuit}~. and may he rxercrseJ concurrently- independently' nr successively.
<br />i3. Saectssors and Assigns Bouttd; Joint and Several i.iability: Captiotn. The covenants and agreements herein
<br />con[auted shall bind, and the rights hereunder shall inure lo. the respective success,rs :md assigns of Lender and Aorrower.
<br />subject to the provisions of paragraph 27 hereof. All covenants and agrremcntc of Borrower shall he joint and several.
<br />The captions and headings of the paragraphs of this Mongage :ere ,, r convemrnce only :md arc not to he used to
<br />interpret or define the provrsions hereof.
<br />14. NMirt, Ezecp+. for any nmice required under applicably- la.v ;:, be arven m another manner fat any notice to
<br />Borrower prnvrded for in this Mortgage shall he Given by mailing such notice h:.,rrtifird mad addressed w Borrower at
<br />rite Pripeny Address :rr at such other address as Borrower m:p~ desrgnate by notice m lender us provided herein, and
<br />(b) any notice to Lender shall he grvrn by certified mad, return rrcerpl reyutateJ. to 1 ender's address stated herein or to
<br />such other address as Lender may designate by notice to Borrower as p.mv,dcd ;-,erem 4nv notice provide) for m this
<br />Mongage sha4i he skeins) to have been grvrn [o iorrower nr 1 ender when grs'rn in the manner designated herein.
<br />IS. L'wfform Mortg>ags: Governing l.aw; SrventfBitp. tier, t;.rm ;:f m+;rtgarr v,;mhinrs uniform covenants for national
<br />use and nct>-uniform a'rve!ranis with limits) varia[ions by junsJ,coon ^,, constitute a uniform secunty instrument sever^.g
<br />teat propr..q, `this Mongage fait he ~evernea hr the !:r+~ ,,f the luriuhct:on :r which the Property- is Icrcated. In the
<br />teen chat any prnvison or daux eC this Mongag the Na-- - Rich --i.h apphcnfrle lau•, ,uyh confticr shall nm affect
<br />other rnvrsions of this Mortgage or the Nude which von he erven effeu wthout the conflrctiny, provision, and to this
<br />rnd thy pwvistons of the Mortgage and the Note are declared to he severahir.
<br />t6. borrowers Copv. Borrower shall t>c furnished a conformed copy of the Note and n( this Mortgage at the time
<br />of execution or after recordation hereof.
<br />l7. Troas€er of the Property; Assumption If all or anY part of the Propene or an interest thtrem is sold or transferred
<br />by Borrower without Lender's poor written consent excluding far the creation o(a Tien ur encumbrance sutxrrdmate to
<br />this Mortgage, ibl the creation of a purchase money Bey un[v :merest for household appliances. f,) a traenfer by devise,
<br />descent or by opct ution of law upon the death of a joint tenant nr !Jr the grant ni any leasehold uucrrst of Ihrce sear or less
<br />not containing an option to purchase, 1~s:nder may. at 1 ender'. ,:peon, declare ;dl the +ums secured by rhrs Mortgage to be
<br />rmttteJlatelt due and payable. I ender shall have wa yd -.:h - pt ^ t a - Ice to -`- poor m the ~ !e a Ira rsfrr. Lender
<br />and the person to wnum the Protxrty - to be sold or trip: ice, J r a h ,g -m m n wr•hng tout h r Jit of uyh person
<br />is sattsfaetorv to I ender and that the interest payahiv t h sum year-d by ni. Agunyage ,hall h,:.y, s~rch rate ae i_ender
<br />in eres(ghas executeJt a wn[ten assumption agreemenivaccepted ri ns idnung bV Lenderf ~lpender ~h II •relRase~+Borruwervfrom all
<br />obligations under this Mortgage and the NMe.
<br />if i Winder extrd;r.~ such option m accelerate. tinder .halt ma!i Fiorn>wer notice ::( aviceler~non n accordance with
<br />paragraph 13 tsercef. Sueb notice shall provide a prnod of not less Than ip dos. from the ,late the na:tia~ i, mated within
<br />which Borrower Dray pay the Burns declare) due. if Bornruer lark !o hay such wins pr=.+,r in the rxpiratior, :+f each peon),
<br />Lender may, without further nouee or demand on Borrower ~nvukc any rcmedie., tx:rmnttd by paragraph 'A hereof.
<br />No>:-LNttOkM CovkninF ls. Aorrower and Lender (untie! cn~.ena:n anal avree :<. i:,;Iows
<br />i$, AtcttrrWbn: Rtraedits. Except ab provided fn paragraph i7 hereof. upon Bmru»ee s breach of any coveoaA/ nr
<br />ttYr'eelt}pn! of Borrower :n this Mortgage, inclYdittg the cu+ruanrs to pay »ben due any suat.: secured by this 1lmlgage.
<br />I.atCtr Prior to acttkrAliou shag tttait rtWice to Borrower as prodded in puagraph Id hereof specifying: 111 the breach;
<br />127 fits acfioa relftafed to cure suth breneh; f3j a daft, not lts',s than .Hl days from iht dart the notice is matted to Borrower.
<br />bS .vhic- Bitch Mrearb mrgt be cased; cad 14f [hW failure to sore web breach nn or before the date specified in the crofter
<br />+ua7 result in acceleratfoo of the rums secured M this Mortgage, fureckrsure by judicial pnxredittg and Bak of the Property.
<br />'flts uncles shah Farther inform Borrower of the rigor to reittstale after accrierWion acrd the right to assert in the forea•Mnure
<br />proerxdLog the noa•exnitacc tit a defawlt or Ant ocher dere~.....r w•.~..._~e..< _ __ _ _
<br />M rwf eared nu a More rift date specdiW is rite crofter, finder a7 1 ender's optiua mnya dey~lare aBr f~frrrsutns sec•rMdach
<br />gds Martgrgtt to he ironted4aiy dos asW paysbk without further demand A~ tnav forrclovt by judicial pracredirtg. t ender
<br />sbgR 6s earlskd W cWieal io .swh protesdiwg AB expense., of fweciusure, including. but trot limbed to. costs of dax~uateoWn
<br />eriOars. trbstratta cad rkk «porss.
<br />t4, liorrttaesr's ~ to RslasUte. Notwimst:nd nog tenders -•: canon ,•i rhr
<br />Borrower ahAli have tbe tight tc: bass any prtx.'c,.d:ngs begun h. t crMer~n,c -.~ ' cJ by rh!. Mnr rgu•
<br />uuor,,: .h~„ M.+ngagc~:.r,, ,:nm:ord .:a .,~.+ n.~
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