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<br />Lender's written agreement or applicable law. Borrower shall pay the amount of all mortgage insurance premiums in the
<br />manner provided under paragraph Z hereot.
<br />Any amounts disbursed by Ixnder pursuant to this paragraph 7, with interest thereon, shall become additional
<br />indebtedness of Borrower stuured by this Mortgage. Unless Borrower and Lender agree to other terms of payment, such
<br />amounts shall be payable upon notice from Lender to Borrower requesting payment thereof, and shall bear interest from the
<br />date of diabarutnent at the rate payable from time to time on outstanding principal under the Note unless payment of
<br />in*_e?cst ai ruck rate would be con*_rary to app!"ssable law, in which evet`i such amounts sha!1 boar interest at the highest rate
<br />pettniatdble under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />any action hereutt~r.
<br />8. Ttsaperdets. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that Lender shalt give Borrower ratice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in tht Property.
<br />4. C.osdoe er;n. The proceeds of any award or claim for damages. direct or consequential. in conn^ction with any
<br />condemnation or other taking of the Property, or part thereof, or for rnnveyance in lieu of condemnation, are hereby assigned
<br />and shat! be paid to Lender.
<br />In the event of a total taking of the Property. the proceeds shall be applied to the sums secured by this Mortgage.
<br />with [he excess, if any. paid to Borrower In the r_vent of a partial taking of the Property, unless Borrower and Lender
<br />otherwise agree 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 />taking bears to the fair market value of the Property 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, after notice by Ixnder to Borrower that the condemnor offers to make
<br />an award or settle a claim for damages, Borrower fails ro respond to Lender within 30 days after the date such notice is
<br />mailed, Lender is authorized ro collect and apply the proceeds. at Lender's option, either to restoration or repair of the
<br />Property or to the sums secured by this Mortgage.
<br />Unless Lender and Borcower otherwise agree in writing, any such application of proceeds to principal shall not extend
<br />or pas*pone the dire date of the montfiiy installments referred to in paragraphs 1 and ?hereof or change the amount of
<br />such installments.
<br />10. 6orenwer No! Reteaaed. Extension of the time for payment or modification of amortization of the sums secured
<br />by this Mortgage granted by Lender to 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. 1_ender shall not be required to commence
<br />proceedings against such stucessnr or refuse to extrnd time for payment or otherwise modify amortization of the sums
<br />secured by this Mortgage 6y reason of any demand made by the original Borrower and Borrower's successors in interest.
<br />li. Parbearaace by Leader Not a Wafver. Any forbearance by Lender in exercising am right or remedy hereunder, or
<br />otherwise afforeled by applicable 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 or other liens ar charges by Lender shalt not be a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />12. Bentedka Catmoivflte. Ail remedies provided in this Mortgage are distinct and cumulative to any other right or
<br />remedy under this Mortgage or afforded by law nr equity. and may M exercised concurrently. independently ar successively.
<br />13. 5accessora atad Aatbpes Bound; Joist asJ Several [.iabiBty; Captk[ns. The covenants and agreements herein
<br />contained shall bind, and the rights hereunder shat! inure to, the respective successors and assigns of Lender and Borrower,
<br />subject to the provisions of paragraph 17 hereof. .All covenants and agreements of Borrower sfia[I be joint and several.
<br />The captions and headings of the paragraphs of this Mortgage are far a:nvenience only and are not to be used to
<br />interpret or define the provisions hereof.
<br />16. *Eottee. Except for any notice required under applicable tau to be given in another manner, (a) any notice a
<br />Borrower providrd for in this Mortgage shall be given by matting such notice by certited mat! addressed to Borrower „t
<br />[he Property Address or at such other address as Borrower may designate by notict to Lender as provided herein, and
<br />(b) ary notice to Lender shall be given by certified mail. return receipt requested. to Lender's address stated herein or to
<br />such other address as Lender may designate by notice to Borrower as provided herein. Any notice provided for in this
<br />Mortgage shall be deemed to have bear[ given to Borrower or tender when given in the manner designated herein.
<br />15. Uniform Mortgage; Goveraiuz Law; SeverabiBty. This form of mortgage combines oniform 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 be governed by the taw of the iurisdic[ion in which the Property is located. In the
<br />event that any provision or clause of this Mortgage or the Note conilicFS wish applicable taw, such conflict shalt not affect
<br />other provisions of this Mortgage or [he Note which can be given effect without the conflic[irg provision, and to this
<br />end the provisions of the Mortgage and the Note are declared to be severable.
<br />Id. 18ontower's Copy. Borrower shalt be furnished a conformed copy of the Note and of this Mortgage at the time
<br />of execution or after recordation hereof.
<br />17. Trasafer of title PtapeRy; Aso. If all ar ~: f part of the Propett_y or an interest therein is sold or transferred
<br />by Borrower without Lender's prior wriden consent, excluding (a) the creation of a lien or encumbrance subordinate to
<br />4his Mortgage, (b) the creation of a purchase money security interest for household appliadces, (c) a transfer by devise,
<br />descent or by operation of law upon the death of a joint tenant ar (d} the grant of any leasehold interest of three years or less
<br />tat containing an option to purchase, Lender may, at Lender's option, declare all the sums secured by this Mortgage to be
<br />immediately due and payable. Lender shall have 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 the[ the credit of such person
<br />is satisfactory to Lender and that the interest payable on the sums see:ured by this Mortgage shall be at such rate as Lender
<br />shat! request. Ff i.e[Mcr has waived the option to accelerate provided in this paragraph 17. and if Borcower's successor in
<br />interest has executed a written assumption agreement accepted in writing by Lender, Lender shall releax Borcower from all
<br />obligations under this Mortgage and the Note.
<br />If Lang exercises stub option to accelerate. Lender sfiall mail Borrower notice of acceleration in accordance with
<br />paragraph 14 l~twf. Stich notice shall proride a period of not teas than 30 daps tram the date the notice i4 mailed within
<br />which B[xrower may pay the sums da:lared duo. if Borrower faits to pay such sums prior to the expiration of such period,
<br />Lender racy, witheui further notice or demand on Borrower, invoke any remedies permitted by paragraph l8 hereof.
<br />Nutt-UNtr~tutu Covett,[rtra. Borrower and Lender further covenant and agree as follows:
<br />18. AtederNbo; ~t Percept ac provided is paragraph t7 lrereof, upoa Iorrower's trreach of say covenant or
<br />atostat:ei +d Bor-to:+er Z@ ~ Mo+'4~=.ra.-Isdittg thr covenants to pay wltea der any ssmu secured by [his Mot~age.
<br />Lssdee !~T M acceleralfaa shad aw8 oafice w Harrower as provided is paragraph 14 hereof specifyittS: fit the breach;
<br />(t) the atKiea tregtiead ~ erne sttr6 ttseach; (31 a date, sot teas than 3o days feom the date the notice iR owned to Borrower,
<br />~ wYrh sari 4esaelt mtoot ba ruretih. sad t4) that failure to clue sack breach oa a before the doe specified ie the notice
<br />~' rsstrk to aceahxatioa of the attar secured b! this MartgeKe, foreciowrc by jadicGd proceednsg sad side of the Property.
<br />'t`ae ut~ sitril fitaiaar iafwm $arrawatr of the right a refsstate after tcex~deratioa axed the r~ht to assert to the foreclataare
<br />praasediOg the wwtttis0sate o[ a delaah or auy other dsTe~e of Eorrower to accekrsHou sari fatectttsure. If the breat:b
<br />Y oast cared oa ae briars fire data specFSed ie the [toffee, t.eadsr at f.rtsdu's option may dec~re aL of the sator secured by
<br />Mtefs 4 be iruteAists{Y des sari payabts wNhoui farther desuaed sari nary forectwe by judicial proce~. Leader
<br />bs erttd to ceUett ht sash peacadittg aB expanses d farectasare, iaciu~, hat not limited to, cares of dowrealry
<br />e>tid~es. sidtrarat sad title repatw.
<br />I! ~RrtefrM's Rf[ill ~ Rahestaa. Nawithuantt;ng Larder's acceleration of the sums secured by this Mortgage.
<br />Bortrs+at sftal] have the right to Iuve any proceedings begun by Lendu to enrolee this Mangage discor[tintted at any tintr
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