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002,150
<br />Lender's wnt►.n agreement or applicable law. Borrower shall pay the amount of all mortgage insurance premiums in the
<br />manner provided under paragraph w hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shall become additional
<br />artdehh -A Css of Burrower secured by !his Mortgage. Unless Borrower and Lender agree to other terms of paymei_t, such
<br />amounts shall he payable upon notice from Lender to Borrower requesting payment thereof. and shall bear interest from the
<br />date of cli4mrsernitiat at the rate payable. from time to time on outstanding principal under the Note unless paynwnt of
<br />interest at such rate would be contrary to applicable law, in which event such amounts shall bear interest at the highest rate
<br />Pelnanstbile under applicable law. Nothing contained in this paragraph 7 shall require I..ender to incur any expense or take
<br />any action hereunder.
<br />IL 10611109clio s. Lender may make or cause to he made reasonable entries upon and inspections of the Property.
<br />that Lender shall give Borrower notice t+r:ar to any such inspection s (� Y provided in the Property, pe specifying reasonable cause therefor related to Lender's
<br />4 C ' The proceeds of any award or claim for damages, dircci or consequential, in connection with any
<br />vondemnalkin of other taking of the Property, nr part thereof, or for conveyance in lieu of condemnation, are hereby assigned
<br />.in" shall be paid to Lender.
<br />In the event Of a total taking of the Property, the proceeds shall he applied to the sums secured by this Mortgage,
<br />with the excess if any, paid ter Borrower. in the event of a partial taking of the Property, unless Borrower and Lender
<br />'"herwise agree in writing, there shall be applied to the sums secured by this Mortgage such proportion of the
<br />as is egtiaal to that proportion which the amount of the sums secured by this Mortgage immediately proceeds
<br />taking he:tn to the fair market valeta of the Propertt immediately y prior to the date of
<br />paid to Narrower. Y prior to the watt of taking, with the balance of the proceeds
<br />If 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 claim for damages, Borrower tails to respond to Lender within 30 days after the date such notice is
<br />mailed, Lender is authorized to collect and apply the proceeds. at Lender's option, either to restoration or repair of the
<br />Property or to the Sums secured by this Mortgage
<br />Unless (_ender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend
<br />Of postpone the due date of the monthly installments referred to in paragraphs 1 and ? hereof or change the amount of
<br />such installments.
<br />10. 11"ruwer Not Rejes". Extension of the time for
<br />by this Mortgage granted by Lender to any successor in interest of Borrower shall rsnot operatearotrreleasethn anysmanMrd
<br />the liability of the original Borrower and Borrower's stccessors in interest I_ender shall not he required to commence
<br />Proceedings against such successor err refuse to extend time for payment car 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 />tt' R by Loads► NG# a Wtdver. ,Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise .worded by applicable law. shall root he A waiver of or preclude the exercise of any such right or remedy.
<br />The procurement of insurance or the payment of taxes or ;,Sher iietn% or charges hr• Lender .hall not he a waiver of Lender's
<br />right to accelerate the maturity of the indchtcdneis �ccttr��d h} thiw 4inrtgage.
<br />12. Reaaeefrks aE tulsthe, All remedies pro, ided ,ra
<br />remedy tender this Mortgage or a�ssrded by )l%,
<br />chic \lortgage :are distinct and .emulative to any other right or
<br />or ccsultl .Ind mae he e%erc ;wd tone►trrenfh, independently or successively.
<br />t3. Swcctsoon and Asakas i;ound: Joint and Seseraa) Liability:
<br />contained shall hind and the rights hereunder shall entire tai. the respects ePstat�ei. 1-he
<br />ari covenants
<br />gn of6aLender `and Borrower.
<br />cubfcca tea tray Provisions cif of the 37 hereof. All covenanri And .agreernoenas cif Borto -Aer shall he ;pint and several.
<br />an captions and headings of the paragraphs cif this Mortgage are for : onvenf nee only :anti are nest to he used to
<br />thereat of debts the Provisions hereof,
<br />14- Notice. Except for any notice reyttired under appticatEie l;aw to he given in another manner: a) stay notice to
<br />Borrower provided for m this Mortgage khan Fx gr%rra t:p "'Ailing ,uch cc.,t ;b:e by
<br />alts Property ,"�ddrtsc sir at such other address As htc +tr, wer rn,,% de %,,R ate b% aaoricerttflicdLender adsr�PSCddcd herein. Borrower at
<br />such any rt�atace rcr Lender shall he paver '+ certified mail ret3:rrt ;e ;cc ;�r says :sated. rs l o et'd address provided herein car to
<br />etch cattwr address as (.ender rrtay dersignate hs nootice s,ti Bo ;rra>we °r as prso%adtd hereass 1ro% notice provided for in this
<br />Mortgage shall he des to> have been given to Borrower or 1 ender when gi%cn in the manner designated herein.
<br />use td r Mortgage; 4awith him t awl nalio tv. Tfaar li °ern ,g► mcorrgaRc :0mbines uniform covenants for national
<br />atntfarrrn covenants with limited vatesE►ernS by gitrisd,ction Io consttt €ire A Uniform see:urty instrument Covering
<br />real ny This Mortgage -tall be governed by the law of the iurisdicticm in which the Property is located, to the
<br />event that a:oy ptovissort sot clause of this Mortgage or the Ni' otc coonflict% with applicable law, such conflict shall not affect
<br />other Provmom oaf thix Mortgage or the Note which carp irle given effect wirhOul the conflicting provision. and to this
<br />erd She prov:s its Of the Mc rtgage and the %ole are declared to to se.verahte
<br />s COPY, Borrower shall he furnished a conformed :rr
<br />ea or after recordation hereof. p%, of tftc Note and of this Mortgage at the time
<br />17. Treed" N 'i Assaimption. 11 all ,jr An% art of the Prs rte or An interest therein is sold or transferred
<br />BwfOwcr Washout Le is prior written consent. excluding aAs the 1"A on of A lien or encumbrance subordinate to
<br />thn ht rhi the creation of a puechase nit %ecuratt micre%t ta%r ho trsch «old appliances, (c) a transfer by devise,
<br />descent or by tat Of law upon the death cif a isoint tenant or
<br />Lender may, at l.r rider', opus''' declare all the %urn. sect :red by this Mortgage to be
<br />duc at payable. I,endcr shall have waived earth ,fr ft," ri% accelerate If. gorierr tc, ?he bale cot transfer. (.ender
<br />sod t r to whom the Property is air he seoiel or transferred rea'01 "greement era swr;fms. that the credit of ouch person
<br />is twat fa laory" rsa Lender and that the interest pa }ahle on the %imi% °- fired h` thls !imfgat e ,hall he at such rate as I_cnder
<br />0011 t" If Le i has waived the option to accelerate providcd ,n thew Paragraph 17 and if (ii�rrower °s su4c . r in
<br />""'0011611 has e u a written assumption agreement accepted in :writing by t end, Lender %hall teleaw, Borrower from all
<br />der this Mortgage and the Nate,
<br />If 1-#rA&r eyerrisn such option to accelerate, Lender shall mail Hurtower tsciar�e c,t e.zele :atacrn rn s cordance with
<br />PWAIrsto 14 reef, h ruxice shall provide a period of not less Than 10 slays frc%ni the elate the on it) is mailed within
<br />'fit! Borrower MAY pay the surm, glared date. If Borrower fails to pav parch swans prc,�
<br />tray. withered farther notice or demand fort Borrower, envoi a ani remedies r tr% the expiration of such period,
<br />!urns, esf f'% raragraph lit hereof,
<br />Noe'l-lUl"Po" CoVE•r,iAr"s, Borrower an =a lender further coverraacat and agree as follows
<br />IB,.
<br />arvirow" of son"" in r lfattc M as ided is ra#th 17 htr#W, •rower's brefth of awv cov of
<br />Laoder lash the covenants to Pat w�a due air so erg by tills M
<br />(2) Rfe 1� t c to Borrower a sii�d in pa r"tt�A h1 ke
<br />se can asisarh ht f31 a . amt RY�Ir t l ► the Meath:
<br />by tttNtp (Mt r as than 10 days lr the do#* the ire is d to
<br />ht t$1 "M f e to vote "Kh beach an before the date 4wvMtrd i
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