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<br /> 77- U (1700 �
<br /> L.ender's written aQreemeat oc appUcabk law. Borrower shall pay the amount of all mortgage insurance premiums in the
<br /> manner plovided under puagrap6 2 hereof.
<br /> My amounts disbuned by Lender pursuant to this paragraph 7, with interest therwn, shail become additional
<br /> indebtednecs of Borrower cxured by this Mortga�e. Unless Borrower and Lender a�ree to other terms of payment, such
<br /> � amounts shdl be p�yable upix� notice from Lender to Borrower req�esting payment thereof, and shall bear interest from the
<br /> due of disbunement at the nte payabk from time to time on ouutanding principal under the Note uniess payment of
<br /> interest at such rate v�ould be contrary to applicable law, in which event such amounta shall bear interest at the highest rate
<br /> perenissibk under applicable law. Nothin� contained in this parayraph '1 shall require C.ender to incur any expenae or take
<br /> any actioo hereuedor.
<br /> •. I�ee�. Lender may malc.e or cauu to be made reasonable entries upon and inspections of the Pmperty, provided
<br /> that Lender shall Qive Bortower notice prior to any such inspection specifying reasonable cause tFurcfor related to Lender's
<br /> interest in the Property.
<br /> 9. Co�dewtloa. The proceeds of any award or claim for damages, direc� or consequentisl, in connection 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 /> In the event of a total talcing of the Property, the proceeds shall be applied to the sums secured by this Morigage.
<br /> with the excess, if any. paid to Borrower. In �he event of a partia� taking of the Property. unless Borrower and Lender
<br /> otherwise agree in writing, there shall be applied ro the sums secured by this Mongage such proportion of the proceeds
<br /> ae is equal to that proportion which the amoun[ of the sums ucured by this Mortgage immediately prior to the date of
<br /> takina bears to the fair marke[ value of the Property immed 'rately prior to the date of taking, with the halance of the proceeds
<br /> paid to Borrower.
<br /> !f the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offen to malce
<br /> an award or settle a claim for damages, Borrower fails to respond to I.ender within 30 days after the date such notice is
<br /> mailed, Lender is authorized to collect and apply the proceeds, at C.ender's option , either to restoration or rcpair of t6e
<br /> Property or to tF+e sums secured by this Mortgage.
<br /> Unless Lender and Borrower otherwise agree in writing, any such application of proc:eeds to principal shall not extend
<br /> or postpone the due date of the monthly installmente rrferred to in paragraphs t and 2 hereof or change the amount of
<br /> such installments_
<br /> 1�. ixrower Not Reka�ed. E ^tension of the time for payment or modi8ca�ion of amortization of the sums securcd
<br /> by this Mortgage granted by Lender to any successor in interest of Borrower shall not opente to release, in any manner.
<br /> the liability of the oriQinal Borrower and Borrower's successcxs in interest . Lender shall not !x required to commence
<br /> proceedines a�ainst such succeseor or refuse to extend time for payment or otherwise modify amortization of the wms
<br /> securcd by this Mortsa�e by rcason of any demand made by the original Borrower and Borrower's successors in intereat .
<br /> 11. F�r�wruce Yy I.e�/er Nat a R'�iver. Any forfiearance by I.ender in exercising any right or remedy hercunder, or
<br /> ot}fenviu s}forded by applicable law, shall not be a waiver of or preclude rhe ezercise of any such right or remedy.
<br /> The procurcment of inwnnct or the payment of taxes or other liens or charges by Lender shall not he a waiver of l.ender's
<br /> ri�ht to �ecelente the mawrity of the indebtednecs secured by this Mortgage.
<br /> 12. Re�e� Cr�Ntl�e. All romedies provided in this Mortgage arc distinct and cumulative to any other riaht or
<br /> remedy under this Mortgage or afforded by law or equity. and may he exercised concurrently, independently or successively.
<br /> 13. 9�eceren a�d Ari��c Eouad: Joint aed Several I,iabltlty; Captloec. The covenants and agreements herein
<br /> contained shall bind, and the riahts hereunder shall inure to, the respective successors and aesigns of Lender and Borrower,
<br /> subject to the provisions of paraQrapF� 17 hereof. All covenants and agreements of Borrower shall be joint and several.
<br /> 'il�e captione and headin�s of the paragraphs of this Mortgage are for convenience only and arc not to be used to
<br /> interprot or deRne the provisions hereof.
<br /> it. Neflet. Except for any notice rcquired under applicable law to be given in another manner, (a) any notice to
<br /> Borrower provided for in this Mortgage shall Lx eiven by mailing such notice by certiAed mail addresud to Borrower at
<br /> the Property Addrcss or at such other address as Borrower may designate by notice to Lender as provided hcrein, and
<br /> (b) any notice to Lender shall bt yiven by certified mail . rowrn receipt requested. to Lender's address stated htrein or to
<br /> such other address as Lender may designate by notice to Borrower ac provided hercin . Any notice provideci for in thie
<br /> MorlQa�e chall be deemed to have been �iven to Borrower or l .ender when given in the manner designated herein.
<br /> 15. Udf�r� Ms►�a�e: Gev�r�� Gw; Severabrity. This form of mortgage mmbinee uniform covenants for national
<br /> uee and non-u�iform covenants with limited variations by jurisdiction to consticute a uniform secunty inatrument coverina
<br /> roal property. This Mon�aQe shall 6e soverned k�y the law of the jurisdiction in which the Property is located. In the
<br /> event that any provision or clause of this Mortgage or the Nom conflicts with applicabk law, such conflict shall not alfect
<br /> other provisions of this Mortaa�e or the Note which can be given eHect without the conflictinQ provision. and to this
<br /> end the provisions of the Mort�aae and the Note arc declared to t�e severablc.
<br /> If. �e�tew�er's C�y. Borrower shall be furnished a conformed copy of the Note and of this Mortgage rt the time
<br /> of ezec�tio� or aker recordat+on hereof.
<br /> 17. T�yrfer of /re heMe�y: A�rytls�. If all or any part of the Property or an interest thercin is sold or transferred
<br /> by Borrower without Lender's prior written consent, excludirtg (al the creation of a lien or encumbnnce subordinate to
<br /> this Mort�aQa (b) the crcation of a purchase money security interect (or household appliances, (c) a tnnsfer by deviae.
<br /> decca+t or by opention of law upcH+ tl+e death of a joint tenant or (dl the Qnnt of any Ita�ehold intercst of three years or less
<br /> not cw+trinin� an option to purcha�e, lsnder may, at Lender's option , declare all the sums secured by this MortQage to be
<br /> immediately due and payabla Lender shall have waived such option to accekrate if, prior to the sale or tranafer. Lender
<br /> and the percon to wl+om the Propeny is to be cold or transferred reach a�roement in writinQ that the credit of such pe�son
<br /> is qtiafutory to Lender and that the intercst payable on the sums xcured by this Mortea�e shall be at such nte as Lender
<br /> slfall roquect. It Leeder 6ac waived the option ro accelerate provided in this paraQraph 17, and if Borrower's suceessor in
<br /> interost has executed a written anumption agroement accepted in writing by C.enckr. Lender shall rolease Borrower from all
<br /> oblijatioes under this Mortsa�e aed d+e Note.
<br /> If Lerfder euercises such oQtion to uoekrate. Le�der shull mail Borrower notice of acceleration in accordance with
<br /> paryraph 1 � heroof. Sud+ notice shall provide a period of not less than 30 days from the date tlx notice ic mailed within
<br /> which lorrowar m�y pay the wms declared due. If Borrower fails �o pay such sumc prior to the expiration of such period.
<br /> Lender say, wilMut furtlfer eo[ice or demaed o� Borrower, invdce any remediec permitted by paraQraph 1 B hereof.
<br /> Nost-Ut+�roaM Covew�r+ra. Borrower and l�nder further covenan[ and agree as followa�
<br /> li. Aetdwtl� le��ea F.tr.�t}I ar �wvNe� i� �� 17 �eM. �yis� �orr�wee't Ye�eY et Yy csveWt or
<br /> �t �( MenwK t� IW M�a�e. I�c1� IYe cove�awls to py wre� Iue asy an� rcured by tAb Mor�ate.
<br /> L..�r pl.. r .eo.w.B.. ir w ..Yee b �«ar..er .s �r.viie/ i� M..�e.�Y ls rae.t �ecay+.s: ll) uie b�cY:
<br /> (211Ye Wh� w�id M ew w�i �eri lS) � i�e. �N ks �� J� rys f�� IAe iYe !4 �Mice Y � b Mr�wer. !
<br /> y wYer �eY rw�e\ �t v erw� ad N) w� t�wne b crre «�cY MwcY .r x ie(o.e tre are yec�ed t. tre �ouee ,
<br /> � � r�wlt r �eoidfM �t Ire w�r rcrrr/ �Y � ��+ ��+'�n �Y �� M'K'���L a�i ole d !re R�eety. , _ , ,'�
<br /> 'I1� MYI+� ii Frlr► iir� �w�r�r d Ire ��1 M wf�rWt �lYr att�alsnfiN a� t4 hit t� a�reet h lie toroclocuee
<br /> p.e..� w .r..i�c. .r . a.we .. ..y w.. �e/...e d M�wer b .aa+e..w. ..a r.recl�we. K tre rrt.er
<br /> � Y rt a�wi M �r Yd�w /b i�1e �dbi b Ym �Nice. I.Ni�r �t Lea�er'� a�Ys� �y �eclr�e a� at lre �s ��red by r.* ,
<br /> �rb IW�. b �. I.�.aw�y a.. .d �.�r�e �.dlY..e ewlrer �....� ad ..y r...c�..e ry jr�IcW �eOceeN�. [.e.aer
<br /> � M rAYN� � ei�et f. � �r�adl.� r �s�..s .t f...rw�e. i.d.�. Ma w Y�Ye� u. o..dc ot r.e.��ry
<br /> w'iiMe�. �i�er ri �fYs ��.
<br /> Y!, � �t r ldY�b. Nck�vitl+rtaediw` Leeder'e accekruion of the sums securod by this Mortgase. "'
<br /> �p�r �h�N �Sve �s t�Yt b have aey proceedi�c besun by I.ender to enfora this Monaa�e discontinued at any time
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