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<br /> �g- U01819 �
<br /> ' L.eader's writtea agmement or appPicable law. Borrower ahali pay the amount of all mortgage insurancc prcmium� in the
<br /> ` manner pfovided under paragraph 2 heteof.
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<br /> � Aay amaunts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shall become additional �
<br /> indebtednus of Borrawet secured by this Mortgage. Unless Horrower and Lender agree to other terms of payment, such `
<br /> � amounu aball be peyable upon nodce from Lender to Borrower requesting payment thereof, and sha0 Ixar interest fmm the
<br /> � date of disburxment at the rate payabla from time ta time on outstanding principal under the Note nnless payment of �
<br /> interest atauch rate would be contrary to applicable law, in which event such amounts shall beat interast at the highest rate `•
<br /> permissible under applicabklaw. Nothing contained in this peragraph 7 shall require I.ender to incur any expense or tske
<br /> any 8ctioa hereunder.
<br /> � � 8. impectlon. L.ender may make or cause to be made reasonable entries upon and inspeMi�ns of the Property, provided
<br /> ; that I,ender s6a11 give Borrower notice prior to any such inspection specifying reasonabie cavse therefor rdated to Lender's
<br /> ! interut in theProperty.
<br /> { 9. Coademaallon. The proceeds of any award or claim for damages, direct ar consequentiai, in connection wich any
<br /> _ } condemnation or other taking of rhe Property, or part thereof, or for conveyance in lieu of condemnation, are hercby assigned
<br /> and shall be paid tc� L,ender.
<br /> In thc event of a total taking of the Property, the proceeds shall be applied to the sums sewred by [his Niortgage.
<br /> �. with the excess, if any, paid to Borrowec In the event of a partial taking of the Property, unless Borcower and Lrnder = +
<br /> � otherwisc agree in writing, there shali be applied ro the sums secured by this Mortgage such proportion of the pra:eeds
<br /> i as is equa2 to that propoRiod which the amount of the sums secured by this Mortgage immediately prior to the date of
<br /> � taking bears to t6e fair market value of the Property immediately prior to the date of taking, with the balance of the proceeds
<br /> � paid to Horrower.
<br /> If the Property is abandoned by Borrowec, or if. after notice by I_ender to Borcower that the coodemnor oHera to make
<br /> an award or uttle a claim for damages, Borrower Fails to respond to Lender within 30 days after the date such notice is
<br /> ; mailed, I.ender is authoriud to collect and apply the proceeds, at Lender's option, either to restoration or repair of the
<br /> ' S Property or to the sums secured by this Mortgage. � - .
<br /> � Umless Lender and Sorrower otherwise agree in writing, any such application of proceeds to prin¢ipal shall not extend �
<br /> or postpone the due date of the monthly iostallments referred to in paragraphs 1 and 2 hereaf or change the amount of
<br /> such installments.
<br /> 10. Sorrower Not Released. Extensian 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 shalt not operate to release, in any manner, �' '
<br /> the liability of the original Borrower and Borrower s successors in in[erest. Lender shall not be required to commrnce �;
<br /> proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the sums "'
<br /> r secured by this Mortgage by reason of any demand made by the original Borrower and Borrower's successors in intecest. "'.
<br /> } 11 For6earance by Lender Not s Waiver. Any forbearance by Lender in exercising any right or remedy hereunder. or ' ' '
<br /> � -�otTietw�se'i"a3R"iYa�ti` by"applicable Iaw, shall not be a waivcr of or preclude the exer¢ise of any such right or reenedy. i. -
<br /> ; „Tf�"'e procuremenCof irtsurance or the payment of taxes or other licns or charges by Lender shall not be a waiver of LendePs ''
<br /> righYto accelvatethe maturity of the indebtedness secumd by this Mortgage. �'
<br /> " 12i Remedies CumulaHve. All remedies provided in tfiis Mortgage are distinM and cumulative to any other right or
<br /> rcmedy under this Mortgage or affarded by law or equity, and may t�e exereised concurrently, independcntly or successively. {�
<br /> 13. Succe�ois and Aastgns Bound; Joint and Several I.iabiltry; Capttons. The covenants and agreements herein
<br /> � cantained shall bind, and the rights hereunder shall inure to, the respective successors and assigns of Lender and Borrower, p
<br /> subject to thc provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be joint and several.
<br /> The captions and headings of ffie paragraphs of this Mor[gage are for convenience only and aro not to be used to `
<br /> interpret or define the prowisions hereof.
<br /> 14. 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 Property Add�ess or at such other address as Borrower may designate by notice to Lender aa provided herein, and 7 �
<br /> (b) any notice to Lender shall be given by ceRified mail, retum 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 norice provided for in this
<br /> Mortgage shall be deemed to have been given to Borrower or Lender when given ia the manner designated herein.
<br /> 15. Uniform Mortgage; Governing Law; 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 t
<br /> rosl property. 'ihis Mortgage shall be governed by the law of the jurisdiction in which the Property is Iocated. In the s
<br /> event that any provision or claux of this Mortgage or the Note conflicts with applicable law, such conflict shall not affect r
<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 Note are dedared to be severable.
<br /> I6. Borrower's Copy. Borrower shall be furnished a conformed copy of the Note and of this Mortgage at the time ;
<br /> of exxution or after rccordation hereof.
<br /> 17. Tranafer oE t6e Property; AseumpKon. If all or any part of the Property or an interest therein is sold or transferred
<br /> by Borrower without L.ender's prior written consent, exduding (a) the creation of a lien or mcumbrance subordinate to
<br /> this Mortgage. (b) the cnation 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 (d) the grant of any leasehold interest of three years or less
<br /> nat containing an option to purchaee, 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 Properry is to be sold or transferred reach agrcement in writing that the credit of such person
<br /> � is satisfactory to Lender and that the interest payable on the sums secured by this Mortgage shall be at such rate as Lender
<br /> shall request. If Lender has waived tl�e option to accelerate provided in this paragraph 17, and if Borrower's successor in
<br /> interest has executed a written aasumption agrcement accepted in writing by Lendeq Lender shall release Borrower from all
<br /> obligations under this Mortgage aad the Nota
<br /> ,:� If Lender exercises such option to accelerate, Lender shall mail Honower notice of acceleration in accordance with
<br /> paragraph ]4 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 Boaawer fails ro 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 18 hereof.
<br /> Nox-UNtponi.t CovENwNTs. Borrower and Lender further covenant and agrce as follows:
<br /> 18. Accderatlon; Remedies. Fscept as provided In pa�npb 17 hereof, upoa Borrowe�s brcach of any covewat or
<br /> agreeme� of Borrower in t6ls Mortgage, inclodiug Ihe covrna�fs to pay when doe any sums secured 6y tlds Morlgage,
<br /> Lender prlor to accekratlon aLaR maO noHce to Sorrower as provided in paragrnph 14 6ereof specifyiog: (1) the breach; `'
<br /> (2) the actloa reqot�ed to cnrc mc6 breach; (3) a date, not Iess than 30 days from the date the noNce is mailed to Bomower,
<br /> by,which soch 6reach maet be cared; and (4) that failurc to cnm such brcach o0 or betorc tLe date specified in the notice �_
<br /> mqy eesutt in accehrsdov oE t6e su� eecorcd by this Mortgaqq foreclosurc by judtcia! proceedl�g and aale o! the Property. � � '�'ti ,�
<br /> T6a notice s6aU forther inEorm Borrower of the right to reinstate after acceleration and the rlg6t to asseR io tl�e foreclosare r:
<br /> proceedlug fbe non-exfstenee oE a default or any other defe�e ot Borrower to acceleration and foreclosure. IF t6e breach : ;( ' ?�
<br /> ie 'noE cnnd on or beforc the date specifled in the nodce, Le�er at Le�er's option may dectare all of the eums securcd by � i'- :.
<br /> l6ii Moct�a�e to be immediately dne aad "payable without furiher demand and may foreclose by judlcisl proceediug. Lender # `
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<br /> sheh be entlticd to collect in each proceedi� alt ezpenses of foreclosare, incladtng, bue not limited to, casts of documentary � '
<br /> evldmce, a6slraets md tlHe rcpoAs. ,, . ^ ,¢
<br /> 19. Boerowe�s Rtsht to Reimtata Notwithstanding Leader's accekra4on of the sums secured by this Mortgage. ` 1 '� "`
<br /> b Borrower aha]l tiave the rlght to haVe any proceedings begun byZender to enforce this Mortgage discontinued at any time
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