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<br />Leader's written agrcerrrene or applicabk law. Borrower shays pay ttte amoutn of all mortgage insurance premiums in the
<br />manne,* pYavicl=d utssler paragraph 2 hereof.
<br />Any amavnts disbursed by Lender pursuant to this paragraph 7, with interest zherean, shad become additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree za othu terms of pays:-* such
<br />amounts shall be payable upon Hari: a from Lender to Harrower requesting payment trier-.,af, and shall bear interest fto,::.he
<br />date of disbursement at the rate payable from time to time on outstanding principal under the Note unless paymsrtt of
<br />interest at aucfi rate would be contrary to applicable law, in which event such amounts shall bear interest at the higlteai rail
<br />ptnYrtisaible under applicable law. Nothing contained in this paragraph 7 shall require L„°ndu to inaatr any expertise or take
<br />any action hereuadu.
<br />g. laspeetlon. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that Lender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />4. Coudetnaatlon. The proceeds of any award or claim for damages, direct or consequential, in connection with arty
<br />condemnation or other Making of the Property, or part thereof, or for conveyance ir. lieu of condemnation, are hereby assigned
<br />and shall be paid to Lender.
<br />In the event of a total taking of the Property, the proceeds shalt be applied to the sums secured by this Mortgage,
<br />with the excess, if any, paid to Harrower. in the event of a partial taking of the Froperty, unless Borrower and Lender
<br />otherwise agree in writing, there shall be applied to the sums secured by this Mortgage such proporion 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. ar if, after notice by Lender to Borrower that the condemnor offers to make
<br />an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date such notice is
<br />.mailed, Lender is authorized to 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 Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend
<br />or postpone the due date of the 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 to any successor in interest of Borrower shall not operate to release, in any manner,
<br />the 1' -` the o,~giaal Bur~uwer and Borrower's successors in interest. Lender shah Hai ne required to coRtrnence
<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. Forbearaeee by Leader Not a Waiver. Any fortxarance by Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable law, shalt not fie 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 be a waiver of Lender's
<br />tight to accelerate the maturity of the indebtedness secured 6y this Mortgage.
<br />12. Remedies Cwsabrtive. All remedies provided in this Mortgage are distinct and cumulative [o any other right or
<br />remedy under this Mortgage or afforded by law cr equity, and may be exercised concurrently, independently or successively.
<br />13. Seccesors and Assigns Bound; Joint aml Several f.iabflily; Capdo~. The covenants and agreements herein
<br />contained shall bind, and the rights hereunder shall inure to, the respective successors and assigns of Lender and Borrower,
<br />subject to the provisions of pazagraph 17 hereof. All covenants and agreements of Borower shall be joint and several.
<br />The captions and headings of the paragraphs of this Mortgage are for convenience only and are not to be used to
<br />interpret or define the provisions hereof.
<br />t9. Notice. Except for any notice required under applicable law to be given in another manner. (a) any 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 Prapetiy Address or at such ether address as Borrower may designate 6y natice to Lender as provided herein, and
<br />(b) any notice to Lender shall be given by certified mail. return receipt requw[Ed, to ! °nder's address s. !ed herein a
<br />such other address as Lender may designate by notice [o Borrower as provided herein Any notice provided for in 'this
<br />Mortgage shall be deemed to have been given to Harrower or lender when given in the manner designated herein.
<br />13. tJoiform Mortgage; Goveroi~ Law; SeverabBity. This form of mortgage combines uniform covenants for national
<br />'LSE and nan-unltprm Cprenan[c Wi[h limited variAllong by ju ClSdictian to CatL4tittlte a ~nif4rm ,ectrritV instrument CoVEring
<br />real property. This sy.°rortgage snail be governed by .h_ law of the jursdiction in which the Property is iacated. In the
<br />...... pr^ ............ .nzs - artgage ,. >, ._ ..... cts .... apph^ .o ~.,.. ....... .
<br />[sf~r pr~rigiaA9 af,thic M~r~ ar,thP•N wh ~'li ~____ F ~ _ gtir.- ~= rho _ ^fl;rV- r ,-~,., -..,.. =s!A } a.teM
<br />ate !_ __-_ _~eV,rven irks ..~ on ngr - 'h•-
<br />end fire provisions of the Mortgage and the Note are declared to be severable.
<br />16. Borrower's Copy. Harrower shall be furnished a conformed copy of the Note and of this Mortgage at the time
<br />of execution or after recordation hereof.
<br />17. 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, (b) the creation of a purchase money security interest for household appliances, (c) a transfer by devise,
<br />descent or by operation of law upon the death of a joint tenant or (dt the grant oC 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 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 that the credit of such parson
<br />is satisfactory zo lender and tfiat one interest payable nn [he sums secured by this Mortgage shah ire at such rate 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 executtd a written assumption agreement accepted in writing by tender, Lender shall release Borrower from all
<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 14 hereof. Such notice shall provide a period of not Tess than 30 days from the date the notice is mailed within
<br />which Harrower may pay the sums declared due. If Borrower tails to pay such sums prior to the expiration of such period,
<br />Lender maY, without further notice or demand on Borrower, invoke any remedies permitted by paragraph t 8 hereof.
<br />Akrtt_1J*ttPwtt,± C`ovgtt.y rc, Borrower and t tinder furtltet covenant and agree as follows:
<br />1& Accekratioo; Relnedks. Fscept as provided w paragraph t7 hereof, upon Borrower's breach of any covenant or
<br />agaeeuteat of Borrower 6s tbis Mortgage, irklndiog the coreaawts to pay wben due any sums secured by this Mortgage.
<br />Leadee prior to acceleration shag maB Holies to Borrower as provided in paragraph 14 hereof specifying: (1) the breach;
<br />(2) the acHoa required to care such breach; (3) a date, not less than 30 days from the date the notice is ensiled to Borroweq
<br />by whkh sock breach mtatt be cured; and f4) that failure to cure such breach on or before the date specified in the notice
<br />may result En acceleratbn of the sums secured by this Mortgage, toreclosure by jndiclal proceeding and sak of the Property.
<br />Tba uWike ahaB furtber Inform Borrower of the right to reinstate after acceleration and the rigb6 to assert in the foreclosure
<br />pro~eed~g the aaa-esisteoce of a detautt or any otber dete~e of Borrower to accekralioa and toreclasare. [f the breach
<br />fa mt cared on or before the date specified in the rrotice, Lender at Lender's option may declare sU of the sums secured by
<br />tuts Mortgage to be immediately dne and payabk wi!lton3 farther dsmaeed and may foreclose by judicial proceeding. Leader
<br />shag fie esf6tkd la colect In snch proceeding ad expenses of foreclosure, including, but not limited to, costs of documentary
<br />orideIICe, abWeacts and Brie reports.
<br />19, 66ROliei`s Righ! flo Atinitate. IVOtwithstanding Lender's acceleration of the sums secured by this Mortgage,
<br />ii~rsiver soli ~'Yav's ibe :iy~,t to :,~.ve any pro4e~dings begttr, by Lender to Grforc€ this ":fartgagE di;cuntinur:d at any time
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