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<br /> F.ender's written aYreement or applicable Iaw. Borrower shall pay the amount of all mortgage insurance premiums in the
<br /> manner ptovided under pazagraph 2 hereof. . � : '
<br /> Any amounb d"isbursed . by Lender, pursuant to this paragreph 7, with interest thereon, shall become additional � �' ''
<br /> indebtedneas of Boaower secured by this MoRgage. Uniess Borrower and Lender agree to other tertns of payment, such ` '
<br /> satounb shall be payable upon notice from Leoder to Borrower requuting payment thercof, and shal/ bear interest from the ��,'
<br /> dste of d`ubw'sement at the rate payable from time to time oo- outstanding principal under the Note unless paymrnt of i� ,
<br /> interest at such" rate wouid be contrary to applicable Iaw, in which event such amounts shalt bear interest at the highest rate � ',
<br /> permisaible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take i"
<br /> any action hereunder. i-
<br /> 8. Inspectloa. L.ender may malce or cause to be made ressonable entries upon and inspections of the Property, provided �'
<br /> that Lender shall give Bonower notice prior to any such inspection specifying reasonable cause therefor related to Lender's Q.
<br /> inferest in the Property: -
<br /> 9. Condemnallon. The proceeds of any award or claim for damages, direct or consequential, in connection with any � '
<br /> condemnation or other taking of the Properiy, or part thereof, or for conveyance in lieu of condemnation, are hercby assigned �:,
<br /> and ahaff be paid to Lender.
<br /> In the event of a total takin of the Pro rt the {'
<br /> with the excess, if an 8 � y proceeds shatl be applied to the sums secund by this Mortgaga �;`
<br /> y, paid to Borrowec In the event of a partial taking of the Property, unless Borrower and Lender ,,
<br /> otherwise agrce in writing, there shall be applied to the sums xcured by this Mortgage such proportion of the proceeds
<br /> as is equai to that proportion whicfl t(�e amount of the sums secured by this Mortgage immediately prior to the date of
<br /> taking bears to the fair market value of the Property immediately prior to the date of taking, with the balance of the proceeds p:;
<br /> paid to Borrower.
<br /> Tf the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to make
<br /> ` an award or settle a cIaim for damages, Borrower 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 �'
<br /> Property or ro the sums secured by this Mortgaga #'
<br /> Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend L
<br /> or postpone the due datc of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of �`
<br /> such instaliments. t
<br /> 10. Borrower Not Rdeased. Extension of the time for payment or modification of amortization of the sums secumd r '
<br /> by this Mortgage granted by Lender to any successor in interest of Borrower shalt not operate to release, in any manner, S ii;
<br /> the liability of the originat Borrower and Borrower's successors in interest. Lender shall not be reqaired to commmce ,'*
<br /> prceeedings agains[ such successor or refuse to extend time for pay�ent 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. � `-:zb;
<br /> Il. For6earance by I,ender Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or # , � �:;
<br /> otherwise afforded by applicable law, shali not be a waiver of or preclude the exercise of any such right or remedy. ,
<br /> , an�
<br /> The procurement of insurance or the payment of taxes or other liens or charges by Lender shall not be a waiver of Lender•s �
<br /> righfto accelerate the maturity of the indebtedness secured by this Mortgage. < '�i�
<br /> 12. Remedies CmnulaHve. Alt remedies provided in this Mortgage are distinct and cumulative to any other right or �� , X � M1�
<br /> :remedy under this Mortgage or afforded by law or equity, and may be exercised concurrently, independen8y or successively. } �.,;,�„
<br /> 13. Successors aod Asslgos Bound; Joint and Several LIa60ity; Captlo�. The covenants and agreements herein ` � ;� �
<br /> contained shall bind, and the righu hereunder shall inure to, the respective successors and assigns of Lender and Borrower, , g u�
<br /> subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be joint and several. , Q `�,.;
<br /> The captions and headings oE the paragraphs of this Mortgage are for convenience only and are not to be used to � v* �'+
<br /> interprot or deSne the provisions hereof. � l w;a+
<br /> 14. Notica Except for any notice required under applicable law to be given in another manner, (a) any notice to f
<br /> Borrower provided for in this Mortgage shall be given by mailing such notice by certified mail addressed to Bortower at w
<br /> the Property Address or at such other addnss as Borrower may designate by notice to Lender as provided herein, and S
<br /> (bj sny notice to Lender shall be given by ce�tified mail, return receipt requested, to Lender's address stat�d herein or to
<br /> ; such other addcess as Lender may designate by notice to Borrower as provided herein. Any notice provided for in this f
<br /> - Mortgage shall be deemed to have been given to Borrower or Lender when given in the manner designated herein. �
<br /> 15. Uniform Moatgage; Governing Law; Severability. This form of mortgage combines uniform covenanu for national S '
<br /> use and non-unifortn covenants with limitcd variations by jurisdiction to constitute a uniform security instrument covering � ''- ,� ,
<br /> ieal property. This Mortgage shall be governed by the law of the jurisdiction in which the Property is located. In the y
<br /> event that any provision or dause of this Mortgage or the Note conflicts with applicable law, such conflict shall not affect ;
<br /> other provisions of this Mortgage or the Note which can be given effect without the conHicting provision, and to this
<br /> end the provisions of the Mortgage and the Note arc declared to be severabla
<br /> 16. Borrower's Copy. Borrower shall bc furnished a conformed copy of the Note and af this Mortgage at the time
<br /> of execution or after reeordation hereof.
<br /> 17. Traoshr of t6e Property; Aseumption. If all or any paR of the Property or an interest therein is sold or transferred
<br /> by Borrower without I.ender's prior writren consent, excluding (a) the cxeation of a lien or encumbrahce subordinate to
<br /> this Mortgage, (b) the creation of a pumhase monry security interest for household apptiances, (c) a transfer by devise,
<br /> descent or by operation of law upon the deaffi of a joint tenant or (d) the grant of any lwsehold interest of three years or less
<br /> not containing an opfioa to purohase, Lender may, at Lender's option, dectare alt the sums secured by this Mortgage to be
<br /> immediatdy due and payabla Lender shali have waived such option to accelerate if, prior to the sale or transfer, Lender
<br /> and the person to whom tl�e Property is to be sold or transferred reach agreemmt in writing that the credit of such person
<br /> is satiafaMory to Lender and that the iMerest payable on the sums secured by this Mortgage shall be at such rau as Lender
<br /> shall request. 7f Lender has waived the option to accelerate provided in this paragraph 17, and if Borrower's successor in
<br /> internt ha4 executed a written aasumption agreemmt accepted in writing by L.endeq Lender shall ydease Boaower from all
<br /> obligations under this Mortgage and the Note.
<br /> If Lenderexercius such option to accelerate, L,ender shall mail Borrower notice of accNeration in accordance with
<br /> paragraph 14 henof. Sach notice sha11 provide a period of not less than 30 days from the date the aotice is ma7ed within
<br /> which Borrower may. pay the sums declared dua If Boaower faits to pay such sums prior to the expiration of snch period,
<br /> Lender may; without further aotice or demand on Borrower, invoke any remedies permitted by paragraph l8 hereof.
<br /> Norr-UxrFoxM CovErte2rrs. Borrower and Lender further covenant and agrce as follows :
<br /> 18. Accderallon; Remediea. Facept as provlded in paragraph 17 hercof, upon Borrower's brcach ot any covenant or
<br /> ra
<br /> ageemeat o[ Borrower in t6is Mortgage, tacludiug t6e covenants to pay when dae any sums aecured by t61s Mortgage, �
<br /> Lendv ,prloe to acceleia!!on shall ma� iwNce to Borrower as provided in paragraph 14 hereof specifyin8: (1) t6e breach; �, �, r'
<br /> N
<br /> (2) the acflon iequiced to cme snc6 brcx6; (� a date, nol lees than 30 daya from the date the ooUce tv mailed to Borrower, -•.r:-°:
<br /> bY �►hkh socL'breuh'�et De cured; snd (4j /hatEr�are to cure suc6 6rexh oa or 6e[ore t6e date speclRed in tha uotice ��� !
<br /> ma�, iemlt 1n aocekration otYhe anuis aecared, 6y Nid Moelgaqe,'foreclosurc 6y judiclsl proceeding aad sele of the Property. � � ''
<br /> T4e•'aoffces6rtl tartAee taform Borrower of t5e riYht to rcinstate after accekntion avd the right to assert 1n tbe forecbsore j � �
<br /> proeeedto� t6e noo-e�cb6euce o[ a defaalt or apy� other defeDee oE Borrower to acceleratlon aod foreclosnre. IE t6e breacL �
<br /> �� -0�91 Clt!l�..00°II� �blfOfG �h0 1�! - 11 � �y^., '
<br /> spect8ed in t e notlee, Lender at Lender's option msy declsre dl of tLe snma secured by , .
<br /> '.fLis'31i'oiKp�eY6 be'immedlately doe;and payable withoot Wrlher demand aod may fonectose by judicial proceeding. Lender .� "
<br /> shaH bq:mtltled to eolltet'in suc6 proceedii� all expeoxs ot toceclosu incla ,*-+ ` '
<br /> rc, ding, but not Itmked to, ca�ets of doenmeotary
<br /> evldmcc, aLrfiaeh aod tltle ilpo�fs. � � , . �"
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<br /> 19. Eor'rowee'i Rieht to Kttnwta IVotwlthatanding Lender•s axeleration of the sums secured by this Mortgage.
<br /> BaaxaweY ehall have:Uu sighL to have any pcoceedings begua by Lendcr to entorce this Mortgage discontinued at any time
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