|
,5- 0035187
<br />l cnder's'A riii..n agreement tar apptic:thic taw. - "orrnwer shall pat the amount of all taxertgage Insurance PTSmatams in Litt
<br />manner provided under paragraph 2 hereof.
<br />Any antoonts dishursed by Lender pursuant to this paragraph ,, with interest thereon. Strait Ivecanaue &Mitional
<br />iraa }ateaness of harrower secured hi this Mcrigage. Unless Borrower and lender agree to cRtiae3 terms of
<br />amounts shall he payable "Pon notice from Lender to Borrower r tract payment, star t
<br />date of clishtar %cttttnt at the eau payable front %Mae tae Ltrt1C .era outstanding pa therertf, and l bear irateres7 from the
<br />mriefert ar such rats would t t e are as in nding � un4�r the Ntne artless of
<br />applicable law, in which evend Such amounts shall hear interest at the WqibM Taft
<br />POTTrissihic trader apPlicabie law. Nothing contained in this paragraph 7 shall require Lender taa:tt cur
<br />arty ;ItewauaeAer. 5' cqmw or teLe
<br />L Lender :tear• make or cause to be mane
<br />that Lender shall give Borrower notice prior to anv such ' entries upon and l of Property,
<br />Interest in tote Property mSpectton ng reasonable cause 3bereft re m 's
<br />9- f The proceeds of arty award or maim for �n
<br />condemnation n cur other taking of the Prn dama� direct or consequential. in . w any
<br />and shall he paid to Lender.
<br />s�nv, C r part Sherraf, or for ronvt} anct: in iitta of ctondentpaiian- are sureEry assigned
<br />In the event of a Legal taking of the Property, the proceeds shall he applied to the Stotts sectored in• this 111
<br />with the Sheets if ant. Paid to Borrower. In the event of a partial taking of the Property. inale, - Horrnover sea ,tattler
<br />otherwast agree m wrruflr.. there shall he aPphed to the sums Secured by 'this Monga� starch p of Lire
<br />as is equal Urt that Proportion which the amount if the sum secured by this Mortgage im prior to to dote atf•
<br />is id t Marc w the fair market value of the Prrxperty immediately prior to the date of taking, with the hadance of the piroceedis
<br />Paid to ii;rarreewer.
<br />If the Pro)ert;• is abandoned hv Borrower, or if, after notice by I ender to Borrower that the
<br />an award or Settle a claim f6T damages- Barr tf9E o make
<br />toyer faiis in respond to Lander within ;0 .days after the date such notice is
<br />maiisd. Lends- i; ar¢loorized ?o collect and aPlif}' the proceeds. at Lender's option. either to restoration - or
<br />Property or to the sums secured by this Mortgage. ir of tile
<br />Unless Lender and Borrower otherwise agree in % rTn lg. any- such application of procreds to principal shall not extend
<br />or postpone the due date of the monthly installments referred to in para,.rich installments. 1 and 2 hereof f oT char the amount of
<br />7d• Re'rfYnver Not Reileased. Extension of the time for Payment or modification of amortization of the sums secured
<br />by tftn Mortgage granted by Lender to any successor in interest of Borrower shall not operate to release . ifl any Manner
<br />the liahility of the original Borrower and Borrower's successors in interest Irnoier shall not rrmtired to cturrtmtttc,
<br />proceedings against such %tccessor or refuse to extend time for pavmcni or otherwise modift amortization of the sates
<br />sectored by this Mortgage h reason of am• dematad made hi the original Borrower and Borrower "s succescnrS in iatttresi.
<br />71. Faxbeenterce by 1.eader'4tN a Waiver. Anv forbearance by Lender in exercising any right or TCritedy hetrttnder, or
<br />ntllCrwace afforded by pPticahle aw shall not he a waiver of rr preriude the exercise of any such right or remOdv.
<br />The Procurement of insurance or the navment of taves or other liens car charges by Lender shall not he a waiver of Lender's
<br />right to a,-, ^elcr::tc 'he matt in of the indehieinees scc,rred hi thk Morgage
<br />12- Reenediec Camntaiive. All remedies provided in ?hie
<br />remedy under h•.. , P Mortgage 1,-1' - ire distinct and cum dative t', any_ other right or
<br />t4f ,rtragc nr afforded : y law or equate. and mat he eser concurrcnfll, mdepcndemh or successively.
<br />73- ReCeSsom and Ott as Bound: Joint and Several Unh v; C
<br />contained shall hind. and the right hereunder shall inure if), the respect ve cif czcssor.s and cmenams aii Erns of� Lena ere-, fir.
<br />subject to the provisions of paragraph 17 hercoi All covenants and agreement, of Borrower shall he mint and several.
<br />Tfte options and headings of tits paragraphs of this Mortgage are f: - convenience only and are not to he hoed 10
<br />rnttrPtet tar define the provision, hereof.
<br />14. Natfice. Fxcenr for and notice regr:ired under applicahle law to he giver. in another manner, tat anv police 10
<br />Borrower provided for in this Mortgage shall he gis,•n by mailing such notice by certified mail addressed to Borrower at
<br />the PrnP to .address or at such other add es. as B, -rower mat iesignate ±,e notice in I.entler as PTovided herein. and
<br />(n) an notice Lender seal he giver. h, fed mail. return recur,; reque,.ted o Lenders address stated 'taerrin or to
<br />such nthe addres. .s Lender pia, dmignate h,, notice 1++ BnrroWer as rmvided herein Any notice Provided for in this
<br />Mortgage shat1 tic deemed t^ hate z,ecn given to Borrower or I ender when riven in the manner designated herein.
<br />1$' Unilloirm Mort« r: Governing
<br />im limited Sts ti. This form nt mortgage combines uniform covenants for national
<br />tc� and near - uniform rnyenants with limited variations by jurisdiction to constitute a uniform Security instrument covarnv
<br />real properrv. This Mortgage shall IV governed by the law of the jurisdiction in which the
<br />even? Thai arev provision or i law,c of 'hi, Mortgage or the ',:err conflicts with a;T!icahie lap Such �o afict hall not laffect
<br />other provisions of this Mortgage or the 'vote which can he given effect without the conflicting ptoyision, and to titan
<br />and the provisions ref the Mortgage and the Note are declared to he severable.
<br />7d per's Cagy. Borrower shall he furnished a conformed copy of the Note and of this Mortgage at tfre time
<br />of extortion or after recordation hereof.
<br />17' Taaeaier of TK mss': AssunWeina. if all or an; Part of the Property or an interest therein is sold or transferred
<br />by Borrower without Lender's prior written consent. excluding Ial the creation of a hen or encumbrance suhe?rdirtadt rte
<br />thk
<br />la7 (hl tits citation of a purcha. motley security Interest for house-hold appliances, ice it transfer tw drys.,
<br />diniccull or by operation of law upon the death of a joint tenant nr jig
<br />Lender may, at L.mdrr's option. declare all the sums Secured by this Mortgage an be
<br />aatelg doe and payable. Lender shall have waived such Option to accelerate if. Prior to the salc or transfer, Lender
<br />and the person to whom t : is tar be Sold or transferred reach agreement in writing that the credit of such person
<br />I% actsrr to lender andthat the limerest payable on the sums secured h} this Mortgage shalt he al such rate as Lender
<br />ffficre" has 1 t'iEittest. If Leader has waived the option to accelerate provided in this paragraph 77. and if Barrower'c succtsset in
<br />ObliMmm under executed a written amtarnlvtapn agreement accepted in writing by Lender. Lender shall release Rarrower from all
<br />this Mortgagee and the Note.
<br />If LzWw exercises such option to accelerate. Lender shall maii Borrower notice of acceleration in accordance with
<br />14 hereof. Such notice %hall provide a period of not less than 710 days from the date the notice is mailed within
<br />Under truly Pry the sums declared due if Borrower fails to pay Such sums Prior tr, the expiration of such period.
<br />stoat'. wstluout further notice or demand on Llorrowcr, invol e and remedies permitted !,l paragraph IF hereof.
<br />i xr mt°r CoveNnN'rs. Borrower and Lender further covenant and agree as folttwr•s:
<br />area !B
<br />now AvredeendieW lBeenedim Faccpt as 111110s'iied is Paragraph 17 be ref, apan 8__vVr& breach of stay ce"Min eR, ar
<br />of Dienritwer is awis merowelle, hichiding Bee covraaats to ' when Aee tut nulls --d by Tls 111 ..
<br />i endw Ieller m MMN and lance N e�r es gr11viAPd tat 14 Mrs . d I l the branch:
<br />i) Ae modes 1111 two anch branch; (3) a date. aM heat ithe" -19 hys hum 00 chafe the kc Mailed to
<br />1111Y mom be cwt* and 44) that fmNwv to ewe steelt breach on w beiare The dW IVCVIW M the solicte
<br />resailt in of setae serared in t "ariga11ge. f by and inde of the prolievty.
<br />nee of TK rWM to ramie after and the r to ant,e,t ii tB• f
<br />of a iddirieft m' "Ter Aefeatrr of aeerinowex to acceleration and fo
<br />it ant a or the in motion. holier at i endeies B brea<b
<br />� be a+gt+t :a atav Arc•6ore � � the rams by
<br />a P&,vaMe farther d mmd and tars forei1ww b, liedwtal 'ai, l order
<br />be r r€. c t ra h Prot, all expe"WS ad forvc Msarr. Inc . hat act listaked taa. a atXa o f do c aan^ntary
<br />evidence, rtre•ta title s.
<br />lt. iarracwor'a Right it, Reinstate No wathtwand ng I ender cA i n r � d I s rim, Ati.
<br />&harrower %hail havi. fhe right i h;rve an: prat. t.dmp, fwptm h. t
<br />R
<br />{
<br />
|