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<br /> i 78-- UU3165 ;
<br /> � Lender's written egreement or applicable law. Borcower shall pay the amount of all mortgage insurance premiams in the
<br /> manner pYovided under paragrapH 2 heceof. "
<br /> Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shall become additional
<br /> indebtedness of Borrower secured by this Mortgage_ Unless Borrower and Lender agrce to other terms of payment, such ;�
<br /> amounts ahsll be payable upoq notice from Lender to Borrower rcquesting payment thereof. and shalt bear interest from the `
<br /> date of disburaement at the rate payable from time ro time on outstanding principal under the Note unless payment of +�
<br /> interat at such rate woald bdooMrary to applicable law, in which event suah amounts shall bear interest at the highest rate (
<br /> ' permiseible nrt8er applicable law. Nothing contained in this paragtaph 7 shall nquire Lender to incur any expe�ne or take
<br /> any actioa hereunder.
<br /> S. inspecNoo. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br /> that L.ender shall give Bortower notice prior to any such inspection specifying reasonable cause therefor related ro Lender's
<br /> interest in the Property. "
<br /> 9. Co�emnatbn. The proceeds of any award or claim for damages, direct or consequential, in connection with any � '
<br /> condemnallon or other taking of the Property, or part themof, or for conveyance in Iieu of condemnation, are hereby assigned
<br /> and shall be paid to Leodea
<br /> In the event of a total taking of the Property, the proceeds shall be applied to the sums sewred by this Mortgage.
<br /> with the excess, if any, paid to Borrower. In the event of a partial taking of the Property, unless Borrower and Lender i ,
<br /> otherwiu agree in writing, there shali be applied to the sums secured by this Mortgage such proportion oF the proceeds �
<br /> es is equal to that proportion which the amount of the sums secured by this Mortgage immediately prior ro the date of i ,
<br /> taking bears to the fair market vatue of the Property immediately prior to the date of taking, with the balance of the proceeds ;
<br /> paid to Borrower. '
<br /> If ffie Property is abandoned by Borrowec, or if. after notice by Lender to Borrower that the condemnor offera to make �
<br /> an award or settle a daim for damages, Bonower fails to respond to Lender within 30 days after the date such notice is �
<br /> mailed, I.ender is authorized to collect and apply the proceeds, at Lender's option, either to restoration or repair of the ` ;'
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<br /> Property or to the sums secured by this Mortgage. 4
<br /> + Unleas Lender and Borrower otherwise agree in writing, any such application of proceeds [o principal shall not extend �
<br /> 4 or postpone tbe due date of the monthiy installmenu referred to in paragraphs 1 and 2 hemof 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 r r �
<br /> by this Mortgage granted by Lender to any successor in interest of Boaower shall not operate to release, in any manneq ` ;
<br /> the liabiliry of the original Barrower and Borrower's successors in interest. Lender shall not be required to commence �
<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. Forbearance by Lender Not a R'sivea Any forbearance by Lender in exercising any right or mmedy hereunder, or � ,S:
<br /> i - othervvise afforded by applicable law, shall not be a waiver of or prectude the exercise of any such right or remedy. � ^
<br /> � The' ptocuremenE of insurance or the payment of taxes or other liens or charges by Lender shall not be a waiver of Lender•s �ss
<br /> right to accelerate the maturity of the indebtedness sccured by this Mortgage. t �;'r
<br /> 12. Remedted CumolaNve. All remedies provided in this Mortgage are distinct and cumulative to any other right or � �,,�
<br /> rcmedy under this Mortgage or afforded by law or equity, and may be exercised conwrrently. independently or successively. a ' ;;,sq.
<br /> 13. Socce�ors and Assfgns Bound; Joint and Several I.iability; CspBons. The covenanu and agreemrnts httein � � y,-
<br /> contained shalt bind, and the cights hereunder shall inure to, the respective successors and assigns of Lender and Borrower, ;, :- ti ���
<br /> subject to the provisions of paragraph 17 herCof. All covenants and agroemen(s of Borrower shatl be joint and uveral. _ � ," '
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<br /> Ttie captions and headings of the pazagcaphs of this Mortgage are for convenience only and arc not to be used to � rr '�'�,
<br /> interpnt or define the provisions hereof. p : �`i�'�
<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 sha11 be given by maiting such notice by certified mail addrused to Borrower at �
<br /> . the Property Address or at such other address as Borrower may designate by notice to Lender as provided herein, and �
<br /> < (b) any notice to Lender shall be given by certified mail, retum receipt requested. ro Lender's address stated herein or to
<br /> ' such other address as Lender may designate by notice to Borrower as provided henin. Any notice provided for in this c
<br /> Mortgage shall be deemed to have been given to Borrower or Lender when given in the maru�er designatcd herein. S� '
<br /> 15. . Uni[orm Mortgage; Governing Iaw; Severability. This form of mortgage combines uniform covenants for national E
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<br /> use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform ucurity instrument covering +
<br /> zealproperty. 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 conflict sha11 not affect
<br /> other provisions of this MoRgage 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 declared to be severabla
<br /> I6. Bomower's Copy. Horrower shall be furnished a conformed copy of the Note and of this Mortgage at the time
<br /> of execution oc afterrecoSdation hereof.
<br /> 17. Trarofer oE the Property; AssumpNon. If all or any part of the Propecty or an interest therein is sold or uansfernd
<br /> by Bonower without LendePs prior written consent, excluding (a) the creation of a lien or encumbrahce subordinate to
<br /> this Mortgage, (b) the creation of s purchase money security interest for household appliances, (c) a transfer by devise.
<br /> descmt 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 /> not containing an opdon to purchase, I.ender may, at Lender's option, declare all the sums secured by this Mortgage to be
<br /> - immediatety due and payabla Lender shall have waived such option to accelerate if, prior to the sale or tranafer. L.ender �
<br /> and the perso� to whom the Property is to be sold or transferred reach agreement in writing that the credit of such person
<br /> is`satisfactory to Leader and ffiat the interest payabte on the sums secured by this Mortgage shall be at such rate as Le�der
<br /> shalt request_ If Lender has waived the option -to accderate provided in this paragraph 17, and if Borrower's successor in
<br /> interesthas ezecated a written assumption agreement accepted in writing by Lender, Lender shall release Borrower from all
<br /> obligations under this Mortgage and the Nota
<br /> If Lender 'exercises such option to accelerate, Lender shalt mail Borrower notice of acceleration in axordance with
<br /> parsgrAph' 14 hereof_ Such noticc shall provide a period of not ]ess than 30 days from the date the notice is maled within
<br /> which Borrower may pay the sums declared due: If Borrower fails to pay such sums prior to the expiration of such period,
<br /> L:ender may, without further notice or demand on Borrower, invoke any nmedies permitted by paragraph I S hereof. ;
<br /> Nox-Ux�roRta CoveNeen's. Borrower and Lender further covenant and agrx as followsa
<br /> 18. Accde+atlon; Remedks. E=cept as proNded in paragnpb 17 hercof, npoa Borrowe�a breac6 �ot any covenant or
<br /> - s�reemmt o[ Boirower in thb 'Morlgagq includiog the coveinnta to pay whm dae any somv secu�ed 6y t6is Morlgage,
<br /> �,`, ; I,eoder pdor to acceleratlon eball .ma0 noBce fo Borrower aa provided in p�ragnph 14 heceof speclfying: (1) t6e breac6;
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<br /> K. (�,the aetbn �eqolred to care such 6rerch; (3) a datG not leas than 30 days from the date the notice te mailed to Borrower, ° + -'
<br /> ' ' 1►y wh1¢h 'wcL bi�eaeh must'6e ca�ed; aud (4) that t�luro to cnre suc6 Meach on or before tLe date specl6ed in tAe notice "' '�.
<br /> ' '" rewlt in fcceleratlon of t6e so� secnred b this Mo Y lodicial peoceed(ug and erte o[ t6e Properly. ...,:_._.-
<br /> mar Y �BWI�. foreclosnre b �.
<br /> � TLe nMlce sLaD turther intorm Borrower oE tbe rteht ro rebuhte after acceleration and t6e right to assert in t6e forcclosure ;b_ g�, �"
<br /> ' pcoceedto� �hr non-essideoce oE a dehult or aoy ;other deh�ree oE Borrower to accelenttoa aod [orcclosnrc. IE tfie breach - y
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<br /> a+ is2`mr cnrod ow or bdoee the dde apeclRed iq„thr notice, Leodv at Lender's opdon may declare alI of the sums secured by � , ;
<br /> , thh'R�u�tp,a�e to 6e IaimedlaCely doe and paya6le wlt�out furl6ec demaod and may forcclose by jadicid proceedi�. I.euder �*�
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<br /> �'b a 1 1 b e e u� t o�`c o l l e c t^t o's u c 6 P r o c e e d i n� a l l a x P e n e e a o f f o r e c l m u rc, I nclo�, bat not Iimked tq coefs of docam rn q ry �;a„ , .
<br /> e�3deace;"atisdtaeb aid Htle iepoib: : � ..:- �
<br /> ` ' 1y; Eosavwe�s` gi�6! to' R�e. Notwithatanding Leader•s acceleration of the sums secured by this Mortgage. � :-i � a'•
<br /> Hoccower sHaII l�ave the iia6C to tiave any proceedings begua by;Lender ta eaforcx this Morcgage discontinued at any time
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