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<br /> yg� (1 (� 2 � 69
<br /> Lender's written agreement pr mpplicablt law. Bor.rowar shall pay the amount qf all mortRage insurance premiums in the
<br /> manher ptovided under paragraph 2 hereoi.
<br /> r� Any am.ou�ts disbursed by Lender :punuant to this paragraph 7, with inrerest thereoh, shall become addiRion�l <.
<br /> : indebtedness of Borrower secured by this Mortgage. Unless Borrawer and L.ender agrce to other terms of payment, such
<br /> �% amounts sfia11 ba pnyable upon aotice frpm L:endec to Horrower tequeseiag payment thereoE, aad sha�l toear inrercst from tfie
<br /> I � date of disburaemmt at the rate peyable from time to time on outstanding prinoipal undee the t�7ote unless payment of
<br /> � interest at such ratc would be contcary ko epplicable law, in which event sueh amounts shatl besr interest at the highesE reto
<br /> perinissble undec applicabte law. Nothing contained in rhis paragraph 7 sh8t1 require Lender tp incur any ezpense or take
<br /> t any action hereunden.
<br /> ' $. Inspeet(on. Lender may make or cause to be made rcasonable entries upon and inspections of tFie Property, providcd
<br /> fhat Lender shap give Bpttower notice prio� to any such inspection specifying reasona6ie cause Rheccfc�t rolated to L.ender's
<br /> } interat in the Propsrty.
<br /> 9. Coudemnatbn. `I'hc procecds of arty award or claim for damnges, clirect or cansequentiai, in tonneCtian wixh gny
<br /> condemnarion ac other taking of the I'roperEy, or �art thereof, ar for eonvcyance in liem of condemnation, are hereby ascigned
<br /> ; and shall be paid ta Lender.
<br /> ; In tha evene of a total taking of fh�e Proptrty, Ehe proeeeds shall be applied ro the sums secured by this Mortgagc.
<br /> { wi'th Yhe excess, if any, gaid to Horrowpt. In che evene af a partial taking of the Froperty, unless Horrawcr and Lender
<br /> otherwise agtce in wriC�ng, iher� shalt be appl'ied ro the sums seca�red by this Mortgage aueh propor[ion bf thc proceeds
<br /> ! as is equaf ko Yhat proportion which the amounc ot the cums sesxired fiy chis Mortgage immediately priur to thc date ot
<br /> � Eaking 6ears Co the fair market value of the Property immediately prior to the date �f eaking. wit� ehe balance of the proceods
<br /> z paid to Bbcrowac
<br /> If the Prqpeaty is �bandoned by BoCrowar. �r if, aftar natice bq Lendor to Bnrrower that the coodeimnor offen co make
<br /> � an awacd oe stRtle a claim for damages, Bnrrower fails ro respcimd to T_ender wichin 30 days after the dat¢ such notice is
<br /> ; maitW; Lendec is authoriud tp eollect and apply the ,proceeds, at Lender's option, cith�r to re,storation or repair of the
<br /> Property or to the surn5 secured hy this Mortgage.
<br /> Unless Lender and Borrower otherwisc agree �n writing, any such npplication of proceeds tq principal shaiT_ not extend
<br /> or postppne the due date aF the monrhly installmon:ts referred to in paragraphs 1 and 2 horeof ue change the amoanY of
<br /> � sueh insrallmmts.
<br /> 10. Borrower Not Reieasrd. Extension of Yhe cime for payment or modifiearion of amortization oE the sums securcd
<br /> by this M'ortgage grantcd hy Ltnder ta any suacessc+r in interest of Borrower shall noR pperate to releaso, in any manner.
<br /> the Iiability of the original Borrowcr and Barrower's successors in interest. I.ender sha1C not bc required t� commence
<br /> proceedings against su¢h sucoessor or refuse t� extend time for pnyment or otherwisc modity aroactization of the svms
<br /> ' secured by this Mottgage by reasqn af any demand madm by the ariginal Borrower and Borrower's successors in interet�.
<br /> � 11. For6ear�nce by Lendec Not a R+siver. Any forbearance by Lender in exercising any right or romtdy hereundcr, ur
<br /> ti othenvise afforded by applicable taw, shall n.ot be a waiver oi or pre�lude the exercise of any sueh right or rcmtdy.
<br /> The procurcment of insucance or zhe payment of ;axts or other lirns or charges by I,ender shall not be a waiver of Lender's
<br /> = right to accelerate the matur7ty of the indebtedne� secured by this iNortgaRe.
<br /> � 12. Remed(es Epmutative. All' remedie:s provided in this Mor[gage are distinct and cumulativs ta any �thar right or
<br /> remedy under this MArtgage or afforded by law or equity, and may t�e exercised cdocurrca[1y, independently �r sutcessively.
<br /> : 13. SoccrBaora and AssiA� Bound� Joint and $evenl i;i�6Dtty^, CapNonK. The cauenants and agreemants hccein
<br /> 'y contained' shall bind: and tht rights heceunder shall inure to, the respecEive sirccess�rs and sssigns o€ Lmder and Borcowtt;
<br /> � subjecY to the provisions of paragraph 17 hereof_ All cavenants and agreements of Sorrower shap be joint and several.
<br /> The captions and headings of the paragraphs of this Morrgage ara for con'veniencc only and are hof to be uscd to
<br /> � rnterpret dr define the provisions hereof.
<br /> -� 14. Nofice. Except for any notice nquired under applicable Iaw to be given in another manner. (a) any notice ro
<br /> � ' Borrower provided for in this Mortgage shall be given by mailing such notice by certifled mail addressed to Borrower at �'
<br /> the Property Address or at such other address as BorFower may designate by notice to Lender as provided herein, and �'
<br /> � (b) any notice to Lender shall be given by certified mail, return receipt requested, to Lender's address stated herein o� ro
<br /> � such other address as Lender may designate by notice to Borrower as provided herein. Any notice pmvided for in this
<br /> � Mortgage shall be deemed to have been given to Borrower or Lender when given in the manner designated hercin.
<br /> � 1S. Uniform Mortgage; Governing L.aw; Sevenbdtty. 'iliis form of mortgage combinu uniform covenanu for national
<br /> use and non-uniform covenants with limited variations by jurisdiction to constitute a uniForm xcurity instrument rnvering
<br /> j :+eal property. This Mortgage shall be governed by 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 Note conflicts with applicable law, such conHict shall not atfect
<br /> other provisions of this Mortgage or the Note which can be given effect without the conflicting provision, and to this
<br /> ' j end the provisions of the Mongage and the Note aro declared to be severabla
<br /> � � 16. BorrowePs Copy. Borrower shall be furnished a conformed copy of the Note and of this Mortgage at the time
<br /> � of exxution or after recordation hereof.
<br /> ± 17. Tranefer of the Prope�ty; Assumption. If all or any part of the Property or an interest thercin is sold or transferred
<br /> j by Borcower without Lender's prior written consent, excludin
<br /> g (a) the creation of a lien or eacumbrai�ce subordinate ro
<br /> � this Mortgage, (b) the creation of a purchase money security intercst for household appliances, (c) a lransfer by devise,
<br /> } descrnt or by operation of Iaw upon the death of a joint tenant or (d) the grant of any leasehold interest of three years or Iess
<br /> � , not containing an op[ion to purehas0. L.ender may, at Lender's option, declare all the sums secured by this Mortgage to be
<br /> + immediately due and payable. Lender shaIl have waived such option to accclerate if, prior to the sale or tranafer, Lender
<br /> and the person to whom the Property is to be sold or transferred reach agrcement in writing that the crodit of such persan
<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 /> , i ahall requeat. 1f Lender has waived the option to accelerate provided in this paragraph ]7, and if Borrower's successor in
<br /> S interest has executed a writtrn assumption agreement accepted in writing by Lender, Lender shall rclease Bonower from all
<br /> � obligations under this MoRgage and the Note.
<br /> If Lender wcercises such option to accelerate, Lender shall mail Borrower notice of acceleration in nccordance with
<br /> , � paragraph 14 hereof. Such notice shall provide a period of not tas than 30 days from the date the notice is mailed within
<br /> which Borrower may pay the sums declared due. If Borrower fails to pay such sums prior to th� expiration of such period,
<br /> } Lender may, without further notice or demand on Borrower, invoke any remedies permitted by paragraph 18 hercof.
<br /> i Norr-Urnron�.t CovsiveNrs. Sorrower and Lender funher covenant and agec as follows:
<br /> � 18. Aecderatioo; Remedtea F.�cttpt a9 provided in paraRraph 17 hercot, upon Borrower's 6reac6 of any covenant or
<br /> a�reemeat o[ Borrower fa t6ia Morlgagq includtns the covenanfs to pay when due any sums secured by this Morlgage, X
<br /> Lender pdor to accekration ahaU maa nottce to Borrower as provided in paragraph 14 hercof specifyl�: (1) the brcach; „�
<br /> f (2) t6e actlon reqnircd to curc sac6 bnrnch; (3) s date, not leffi tl�an 30 days from ihe dste fhe noHce Fs mailed to Borrower, � T_--.
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<br /> ( 1ry Rhich �ch ba+each must be carcd; rad (4) that failure to cnrc sucb breach on or 6efore the date speciSed In tde noHce ,,
<br /> c•± m�y resak io aecdeeattoo ot the aums aecured by this Mortga};e, forecloaure by jnd(cial peviceedlug and sale of t6e Property. ^� y°
<br /> The ao8ce ahaU imtder inform Borrower of the rlg6t to reinstate aftu acceleratton and tbe rtght to mseR in Ihe foreclosure � a;
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<br /> proceediog the mnt:btence of a deholt or any other ekfense of Borrower to acttleration and forccloevre. If the breach ""'
<br /> ' is cored on or 6efore tbe date � `
<br /> , 4� speciBed in Ihe �roHce, Lender at Lendcr's option may declare all of t6e sums securcd by
<br /> � tt�b Mo�t�e to be' Immediately due and payablc withoat furlher demand and may forcdose by jndlclsl proceediog. Lemler
<br /> ' , sLa116e mfifled b colleci in snch peoceedi� all e�cpeneea oE forecloaare, indading, but not Itm(ted to, costs of docamenhry ' ` � '�---�
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<br /> erWence. abshacb aaoid UUe reporh. �` :
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<br /> ,3' 19. Eorrowet's RIp,L['to ReinMata Notwithstanding Lender's acceleration of the suma secured by this Mortgage,
<br /> E Borrower shall have thc right ro have any proceedings begun by Lender to enforce this Mortgage discontinued at any time
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