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<br /> Lender''s written agnement or applicable law. Borrower shall pay the amount of all modgage insurance premiums in Lhe
<br /> manner pYovidtd under paragraph 2 hereu£.
<br /> Any amannts disburssd by Lender pursuant Yo this parugraph 7, wiCh interest rhereon, sfiall become additional
<br /> irrdebfedness of Borrower seaumd by this Mortgaga Vnles,a Boraower and Lender agree ta other terms oF payment, such
<br /> • I amounts shall be payable upon notice from Lender ta 8orrower requesting payment thereof, and ahnit bear interest from zht �
<br /> date of disbursement at the mte papable from time ta time on outstanding principal under the Note unless payment ef
<br /> interesc at sueh rate would ba conCrary to spplizable ]aw, in which evcnt such amounts shali bCar inferest at t�e highest rate
<br /> pecmis3ible undec applicable luw, NoEhing contained in this par8graph 7 shall require I,endec to incur a.ny expense oc take
<br /> � any actiort htrcuader.
<br /> ! 8. Inspectlon. Lender may make or caust to be made reasanable entnas irpon �nd inspections af thd Property. Pro�ided
<br /> ; that Lender shall give 8orrower notice prios to any such inspecCion xpecifying masonable causc therefor rolated 4o Lender's
<br /> ? interesC in the P'rcipecty.
<br /> 9. Condemoatlon. The proceeds oE any award or olaim for dam�ges, direct or consequential, in connecNc�n w-iCh any
<br /> ; cpndemnation or othe� taking of fhe Pr�peRy, or par[ thereaf, or for �onveyance in leeu of oc+ndemnaCion, arc hereby assigntd
<br /> and shaU be paid to Lender.
<br /> , in the event of a ttrcal taking of the Pco�rcy, the peoeteds shalt be applied to Che sams seea.red by th�s Mortgage.
<br /> wikh the excess, �f any, paid t� $orrower. Tn the event of a partiat takin� of the Properiv. unizss Borcower and Lender
<br /> i othcrwise agree in writing, thtre shatt be apptied to ihe sums secu�red by ihis Moregage sueh pnnportiorr of the pcacteds
<br /> as is eyual do that proportion which fihe amount nf the sums secured by xhis Mortgage ammediattly priar to Ehe daCe pP
<br /> � taking heats ta the fair market value of the Property immerliately prior ta rhe date of takirtg, wiYh the balanet �f the proceeds
<br /> CO paid to Borrowqr.
<br /> 'Cr If Che Property is abandoned by Borrowrr, or if, aEter notise riy Lender to Borrower that ihe cr�ndemeor affers to makt
<br /> ? r-{ an award pr settle a olaim fcsr damages, $orrower fai+ls to respond xo I..ender wiChin 3U daxs aCter the date such noticc is
<br /> � mailed, Lender is auehorized to collect and aPply Ehe proceeds, at Lender's aption, either Eo restorat'eon or tepair of fhe
<br /> , � Proper4y* or to Che sums secured by this Martgage.
<br /> s � Unless Lender and B�rrower otherwise agree in writing, any� sueh appiicatiom af preceeds to prirtcipal shall not extend
<br /> e�r pastponn the dua date of the monthly installments referred ta in parasraphs 1 and 2 hereof or change the amnunC c?f
<br /> ' � such installments. ,
<br /> i � lU. Borrower Not Rsleased. �xtension of Che time for pa,yment or modi8cation of antortization of the sums secured
<br /> + by this Mvrtgage granted by Lender to ahy succexsnr fn intarest c+f Borrawee shalt not ope.rate ta releaae, in any manner.
<br /> � iho liability of the originai Barnower and $orrowePs successors in interest. i,ender shall nnt be required ro c+pmrrtence
<br /> ` � pcocoedings against sueh successor or refuse to extend tiine Cor paymenX or orherwise m�dify amortizati�n of the surns
<br /> � secured by fhis Mortgage 6y reason o£ any demand made t�y the origiqai Borrower and Borrower's successocs in interest.
<br /> � li. For6aaraoce bg Lender No[ a R'aiven Any forbearince hy Lender in exercising aay right or remedy hereunder. or
<br /> + otherwise affarded by applicahle Iaw, shall not be a waiver of or preclude the exercise of any such right ar romedy.
<br /> � �'he �proeuremenT of insprar�ce or ths payment of taxes or other 4iens or charges by Lender s.hall not be a waiver of Lender'!
<br /> right to aecelerate the maturity of the indebtedness sc:cured by this Moctgage. ; . ; ;
<br /> , ; ., ' 12. .:Remedies Gomoladve. All remedies provided in this Mortgage are disrinct and cumulative to any arher right ar
<br /> remcdy under this Mortgage ao aHorded by Taw ot equiry. and ma,y f�e exercised conc. urrently. independently or suceessively.
<br /> � Y3. Snccessors pnd Aasigns Bound; JoinA and SeverAl I.iabiliry; CapHons. The covenants and agraements herein
<br /> � contained shall bind, and the rights htrcunder shall inure tb, the res�eCtive successors and assigns aF LenBer and Borrower.
<br /> , � subject xo the provi.sions of paragra,ph 17 hereot. All covenanis and agreements of Borrawer shall be joi�[ and uveral.
<br /> � The captions and headings of th� �iaragraphs af rhis Mortgage are for convenience only and are oat tu !ie uud 40
<br /> " inrerpret or define Yhe provisions hercof.
<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 Address or at such other address as Bocrower may designate by no[ice to Lender as provided herein, and
<br /> � (b) any notice to Lender shall be given by certified mait, return reccipt requested. to Lenders address stated herein or to
<br /> ' � snch other address as Lender may designate by notice to Borrower as p�ovided herein. Any notice provided for in this �
<br /> Mortgage shall be deemed to have been given to Borrower or Gender when given in the manner designated herein. '
<br /> j15. Unlform Mortgage; Goveming Law; Severability. Tliis form of morlgage combines uniform covenants for national
<br /> � use and non-uniform covenants with limited varintions by jurisdiction to constitute a uniform security instrument covering
<br /> � real 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 Iaw, such conflict shall not affeM
<br /> other provisions of this Mortgage or the Note which can be given effect without the conflicting provisian, and to this
<br /> ; end the provisions of the Mortgage and the Note are declared to be uverable. ,
<br /> j 16. BorrowePs Copy. Borrower shnll be furnished a conformed copy of the Note and of this Mortgage at the time
<br /> of execution or after recordation hereof.
<br /> + 17. Tnnsfer of the Property; Assumption. If alI or any part of the Property or an interest thenin is sold or transferred
<br /> a by Borrower without Lender's prior writtcn consent, excluding (a) the creation of a lien or encumbrance subordinate to
<br /> ! tliis Mortgage, (b) the crcation of a purchase money sewriry interest for household appliances, (c) a transfer by deviu.
<br /> � descent or by operation of law upon the death of a joint tenant or (d) the grant of any leasehold intercat of three years or less
<br /> � not eontaining an option to purehase, Lender may, at Lender's option, declare all thc sums secured by this Mortgage to be
<br /> immediatNy due and payable. Lender shall have waived such option to accelerate if, prior to the sale or transfer, I.ender
<br /> ' and the person to whom the Property is to be sold or transfermd reach agrcement in writing that the crcdit 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 Leoder
<br /> 3 siiall req�est. If Lender has waived the option to accelerate provided in this paragraph 17, and if Borrower's succusor in
<br /> ' f interest has executed a written aasumption agreement accepted in writing by Lender, Lender shall nlease Borrower from all
<br /> � obligations under this Mortgage and the Nou.
<br /> � If I.ender exercises such option to accelerate. Lender shall mail Borrower notice of acceleration in accordance with
<br /> ; y paragraph 14 hereof. Such notice shall provide a period of not less than 30 days from the date the notice is mailed within
<br /> which Bonower may pay the sums declared due. If Bortower fails to pay such sums prior to the expiration of such p�riod,
<br /> i Lender may, without further notice or demand on Borrower, invoke any remedies permitted by paragraph 18 hereof.
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<br /> ;'. j Nox-Ux�FORmc CovaNeN�rs. Borrower and Lender funher covenant and agree as follows :
<br /> ? � 18. Accele�ation; Remediea. F�ccept as prorlded in paragreph 17 hereof, upou Borrowe�s brcacd of any coveoaot or
<br /> � agreemeat of Borrower in tldc Mortp,aAe, indudi� t6e covenants to pay when due auy sums secured by Ihta Mortgage, e
<br /> , +� Leoder prlor to accelerafion shatl mail notice to Borrower as provlded la paragnph 14 hereof specifying: (1) t6e breac6;
<br /> y . (2) tbe actlon reqalred to cum aach 6reach; (3) a date, not leas then 30 days from t6e date t6e notice ts mailed to Borrower, _
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<br /> : . bywhich sach Meacfi mast be curnt; and (� that failurc fo cure such 6reach o0 or before the date speclRed in the notice ' � .� :�7'
<br /> may recnit io accderaHoo ot the sams seeured by this Mortgage, foreclosure by judicia! proceediog and sale of the Property. +� �
<br /> ' � The notice shall tacther inform Borrower of the Hghf to re7nstate after acceteraUon and the right to assert In the toreclosure � `
<br /> proceediu� the non-e�dstence oP a deEanit o;� any other defeose of Borrower to acceleradon and foreclos�e. If the breach �;.
<br /> is not cored on or betore the dale speci8ed io the notice, Leoder at I.ende�s option may declsre a11 of the sums sewred by r'
<br /> ` ' ; t6bMorE�iige to 6e lmmediatdy doe s o d paya b le w t t hout fuA h er d eman d sn d may forec lase by ju d lc fa l proc e e d teg. L en der ; w
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<br /> sW116e entltled to co0ect in wc6 proceedi� alt expenses of foreclosurc, indudteg, but not Iimited to, costs of documeotary ;+ + :_. ;
<br /> ; evldwce, a6stracts and tltle reporb. - �,.� ',"
<br /> { 19. Bor�ower's Ri�ht to ReL�cfate. Notwithstanding Ixnder's acceluation of the sums sea:ured by this Mortgage,
<br /> ; ` j Bomower ahall have the right to have any proceedings 6egun by Lender to enforce this Mortgage discontinued at any time
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