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Lender's written agreement or applicable taw. Borrower shall 8,+-- oo�(7V�
<br />g"o"ner provided under paragraph 2 hereof pay the amount of alt mortgage insurance premiums in the
<br />Any amounts (fishursed by i ender pursuant to this paragraph 7, with interest thereon, shall become additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment s
<br />amounts shall be payable upon notice from Lender to Borrower re
<br />date of disbu� g
<br />rment at the rate payable from time to time on outstandin y uestin g payprincipal under thereof, and shall hear interer the Note unless payment of
<br />e - st from the
<br />such
<br />interest at such rate would he contrary to applicable law, in which event such amounts shall bear interest
<br />Permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />i any action hereunder. at the highest rate
<br />8•
<br />Inspection. Lender may make or cause to be made reasonable entries upon and inspections of the Property,
<br />that Lender shall give Borrower notice prior to any such ins
<br />interest in the Property. Pection s Pe Y• provided
<br />specifying reasonable cause therefor related to Lender's
<br />9• Condemnation• The proceeds of any award or claim for damages condemnation or other taking of the propert y or part thereof, or f uenti
<br />direct or consequential, q al, in connection with any or conveyance in lieu of condemnation. and shall be paid to Lender. on, are hereby assigned
<br />in the event of a total taking of the Property, the proceeds shall be applied to the sums secured b t
<br />with the excess• if any, paid to Borrower. In the event of a partial taking of the Property, unless Borrow
<br />otherwise agree in writing, there shall he applied to the sums secured by this Mortgage such proportion his Mortgage,
<br />as ►�; equal to that ter and Lender
<br />Proportion which the amount of the sums secured by this Mortgage immediately prior of the Proceeds
<br />taking tigers to the fair market value of the Property immediate!
<br />paid to Borrower. Y Prior to the date of
<br />y prior to the date 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 fails to respond to Lender with' z day r
<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. to "� eYrs after the date such notice e
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend
<br />or postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof 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
<br />by this Mortgage granted by Lender to any successor in interest of Borrower shalt not operate to release, in any manner,
<br />the liahility of the original Borrower and Borrower's successors in interest. Lender shall not he required to
<br />proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the
<br />secured by this Mortgage by reason of any demand made by the original Borrower and Borrower's successors in interest.
<br />Ii• Forbearance by Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder or
<br />s
<br />otherwise afforded by applicable law• shall not he 'a waiver of or preclude the exercise of any such right or remedy.
<br />The procurement of insurance or the pa -ment of taxes or other liens or charges by Lender shall not he a waiver of Lender's
<br />right it) accelerate the maturity of the indebtedness secured by this Mortgage.
<br />1y Remedies Cumulative. All remedies provided in this Mortgage are distinct and cumulative to any other right or
<br />remedy under this Mortgage or afforded by law or equity, and may he exercised concurrently, independently or successively.
<br />l3. Successors and Assigns Bound; Joint and Several Liability; Captions. The covenants and agreements herein.
<br />contained shall hind, inure to, the respective successors - agreements of Borrower shall he joint and se ccessors and assigns of Lender and Borrower,
<br />subject to the provisions of paragraph 17 hereof. All covenants several.
<br />The captions and headings of the paragraphs of this Mortgage are for convenience only and are not to be used to
<br />interpret or define the provisions hereof.
<br />14. Notice. Except for any notice required under applicable law to be
<br />Borrower provided for in this Mortgage shall he given by mailing given in another manner, (a) any notice to
<br />the Property Address or at such other address as Borrower may designate notice by noticettfiei ..enderaddressed ded Borrower reitt ebel
<br />(b) any notice to Lender shall he given by certified mail, return receipt requested, to Lender's address stated herein or to
<br />such other address deemed Lender may designate by " "'lice it, Borrower as provided herein. Any notice Provided for in this
<br />Mortgage shall he deemed to have been given to Borrower or Lender when given in the manner designated herein.
<br />15• Uniform Mortgage; Governing Law; Severabllity. This form of mortgage combines uniform covenants for national
<br />use and non - uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering
<br />real t that any This Mortgage shall he 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 conflict% with applicable law, such conflict shall
<br />other provisions of this Mortgage or the Note which can he given effect without the conflicting
<br />end the provisions of the Mortgage and the Note are declared to he severable. not affect
<br />lb. Borrower's Co g provision, and to this
<br />Copy. Borrower shall he furnished :t conformed copy of the Note and of this Mortgage at the time
<br />of execution or after recordation hereof.
<br />17• Transfer of the Property; Assumption If all or any part of the Property or an interest therein is sold or transferred
<br />by Borrower without Lender's prior written consent, excludin
<br />this Mortgage, (b) the creation of a purchase monev security interest for household appliances, (e) a transfer by devise
<br />b (,►► the creation of a lien or encumbrance subordinate to
<br />descent or by operation of I:tw upon the death of a joint tenant or (cfi the grant of any leasehold interest of three years or less
<br />not containing an option to purchase, Lender may. at Lender's opt",n. declare all the sums secured by this Mortgage to be
<br />immediately due and payable. Lender shall have waived such option to accelerate if, prior to the sale or transfer, tender
<br />and the person to whom the Property is to he sold or transferred reach agreement in writing that the credit of such person
<br />I satisfactory If I.encler and that the interest n V'o ac. on the rams sect ►red by this Mort ► t shall he at such rate as Lender
<br />shag request. If Lender has waived the option rn ac.:eler:ttc provided in this paragraph 17, and if Borrower's successor in
<br />Mortgage
<br />obligati has executed a written as agreement accepted in writing by I ender, bender shall release Borrower from all
<br />obligations under this Mortgage and the Note Lender exercises such option to accelerate, Lender shall mail "lorower nutoce of acceleratit�n in accordance with
<br />Paragraph 14 hereof. Such notice shall provide a period o1 not less that► to days frorn the date the notice is mailed within
<br />which Borrower may pay the sums declared due It Borrower f.aPi� its l,•
<br />Lender may, without further notice or demand o" Borrower. invoke any remedies rrnitted h '
<br />ay vteh ,ums proa,r to the ra raph I of curb l,croud,
<br />NON- UNIT'bitM (`OVENANTS. Borrower and Lender further covenant and agree :as follows: y Paragraph 1 K hereof,
<br />1$• Acceleration; Remedies. Except as provided in paragraph 17 hereof, upon Borrower's breach of any covenant or
<br />Agreement of Borrower in this Mortgage. including The covenants n) pay, when due any %n ►fn% secured by this Mortgage.
<br />Leader prior to acceleration shall mail notice to Borrower a% provided in paragraph 14 hereof specifying:
<br />(2) the action required to cure such breach; (3) a date. not lei, than 311 day% front the date the notice is m
<br />111 the breach;
<br />by which such breach must be cured; and (4) that failure to cure %uch breach on or before the date % ailed to Borrower,
<br />MAY resutt in acceleration of the sums by ihis Mortgage, torrclo%urr b
<br />ibe notice shall further inform Borrower of the right to rrin%tafe affil accrkry judicial
<br />and the ptair of in the "oriel,
<br />� y judicial proceeding and sett of The 1►n►1►t'rt,Y•
<br />Proceeding the non- exletence of a default or arty other cirfrH%e of Bt►rrowrr fcr acrclrrafior► and foreclosure. If he brrac•h
<br />right to as%rrt in the foreclosure
<br />i, s -V cured off or before the date specified ), the Holier. i.ender at I ruder', opts »t may declare all of the %um% %rrured by
<br />ihr% Mortg a to t) immediately due (, payxtt ►Ir without tufnhrr drfnautl and may fnrrclt►%r by judicial prcn °rrdint;. ! colder
<br />%ball iti rnTttl+rd k► collect in such pro(, all etprrr %ec ul fnrrcttr%nrt. inttll no . but not libv ito to, rust% a docuoI col e
<br />evidrovr, Ab ili'm 1% and title reports.
<br />19• Buffowrr'% Bight Ito Rchwale. "dP.ty Ptlist et,Pluzy� I rndP�P' �,cleraiiun ,,i
<br />th, 63Prrta:ct "itall Rave thm light to h,o te t y �oP,", „•turctt ht ihr.
<br />1�ro,red�ne, f,ratPrP+ tit ! cndc'� AtPatP�,,,t,•r
<br />1 Cntnttt ti r.
<br />tin +eta ;.,a }c' +li.r+ blip+ rctl at ml% tilt)"
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