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<br />Len.h:r\ wflll.n ilgr~'Cmenl or applkable law. Borrower sllall I'3Y tilt' amount of all mortgage insurance prcrnmms in the
<br />manner providcJ under paragraph 2 hereof.
<br />Any amounts disbursed by t.ender pursuanl 10 this P41raeraph 7. with interest tbcrcon. sbaII __ .Mtianal
<br />indebtedness of Borrower secured by !his Mortgage. Unless Borrower and lender a.- to-odtcr __of ~....
<br />amounls shall he payable upon notice from Lender to Borrower rcqucstinll P41ymcnttheroof. lIacI sbaIIbnr intln!Il!t,..,~j .
<br />date (If disbt1rMmlCllt al the rale payable from time to time on outstanditI, principlll.1IIlder tlteNale-UIlIIiU.....,
<br />interest at such rate would be contrary to applicable law, in ..i1iclt event such anlOlIIdI sbaII bAr.inteNst at.. ,'.. ., .., .., ,'j
<br />permissible uMer applicable law. NOlhing contained in Ihis parallfllph 7 shall require l..cncIcr tom-lIBY1;IlpI8lIIIt'.""-
<br />any action hereunder..".. . .""'c/'
<br />I. IIIIfI :..... Lender may make or cause to be nude .--able emrios upon and i~l&of .~ii
<br />lhat Lender shllllgive Borrower notice prior to liny such inspection specifying reMOIllIbIe cause thcfefor rellltlldt8!
<br />intCl"ClsI in lhe Property. " ,.'.jji{,i
<br />9. COINIemllllliell. The )lrocceds of any award Of claim for <IlImap. direct or consequemial. in ,*mtdioltwMt'~
<br />~-ondemnation or other taking of the Propcny. or pan thereof. or for conveyance in lieu of condemllllliell, are 1lcRlIlf.......F
<br />and shaW be paid to Lender.
<br />In lhe evenl of a 100altakin, of the Property. the proceeds shall be applied to the _ IIlICUred bythisM~
<br />with the ex"",,", if any. raid h' Bom'wer. In the event of a partial taldnll "f lhe Property, unless'~ --tr~,,..
<br />",herwise agree in writing. lhere shall be applied to the sums secured by this MortpIe such 91..pu.tion of_ ~
<br />as is eq\lal to that proponion which rhe amount of the sums secured by this Mortpte immcditIteIy prior to .......,
<br />taking bear< 10 the fair market value of the Property immediately pt"ior to the date of taki",. with the bItIlmce of the""'"
<br />paid 10 Borrower.
<br />If lhe ProperlY is abandoned hy B,'rrower. or if. after notice "y Lender to Borrower that the condenmor oII'In to.....
<br />an award or settle a claim for dama~. Borrower fails to respond to Lender within 30 days aft. dtc dale suc:lt1lOtiCe is
<br />mailed. Lender is authorized to collect and apply the proceeds. at Lender's option, either to restonItion or Rlplirof<,...
<br />Property or to the sums secured hy this Mortgage.
<br />Unle", lender and Borrower otherwise agree in writing. any such application of proceeds to principal shallnotenend'
<br />or postpone .he due date of the monthly installmenls referred to in paragraphs I and 2 hercef or chanF the lIIROUIl1 of
<br />"lCh installments.
<br />10. Borro_r Not Released. Extension of the time for pavment or modification of amortization of the sums lICIClIJed
<br />by this Mongage granted by Lender to any successor in interest of Borrower shall nOl operate to release. in any Il1IIlIner.
<br />the liability of the original Borrower and Borrower's successors in interest. Lender shall nOl be required to commence
<br />proceedings against StICh successor or refuse to elttend time for payment or otherwise modify amortization of the sums
<br />"",u".-.:I b} ,his MOllgage 0)' reason <lI any oem a",! made 0) lhe-nriginal- &rmwcr &l . .
<br />11. F~ by LemIu NOl a Wllivrr. Any forbearance by' Lender in eltereising any right or remedy hcmmder, or
<br />Olherwise afforded by applicable law. shall not he a waiver of or preclude the exercise of any such ri", or remedy.
<br />TIle procurement of insurance or the payment of taxes or other liens or charges by Lender shall not he a waiver of Lender't
<br />right to accelerate the maturity of the indehtedness '-Ccured by this Mongage,
<br />12. RmmIirs Cumulative. All remedies provided in rhi, Mort,age are distinct and cumulative to any other ript or
<br />remedy under this Mortgage or afforded by law or equiry. and may' he e.erci,ed concurrently. independently or suecesRvely.
<br />13. StKcesson lIacI AssiJlns Bollnd; Joinl ami Sr.-.ral r.ilIhIIity; Captiens. The covenants and agreements herein
<br />contained shall bind. and the rights hereunder shall inure 10. .he respective successors and assigns of Lender and Borrower,
<br />subject to the provisions of paragraph 17 hereof All covenants and agreements of Borrower shall be joint and ~.
<br />lbe cap1ions and headings of the paragraphs l,f this Mortgage are for convenience only and are not to be used to
<br />interpret or define the provisions hereof.
<br />1.. NOlice. 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 ,hall he ~J\'cn h\' mailing such notice by certified mail addressed to Borrowet' at
<br />the Property Address or at such other address as Borrower m"y designate by notice to I.ender as provided herein. and
<br />(bJ any notIce 10 Lender shall he gIven hv certllied mall. return receIpt requested. 10 Lender's address stated herein or to
<br />such other address as Lender may designate hy notice to Borrower as prOVIded herein. Any notice provided for in tbis
<br />MNtllage shall be deemed 10 have heen given to Borrower or Lender when gIven in Ihe manner designated herein.
<br />15. Unifomll\.l~; C.ot'eminc L....; SrveraWlity. This form of mongage combines uniform covenants for national
<br />ute and non.uniform covenants with limiled v",iallons hy jurisdiction to comtllule a uniform security instrument coverilll
<br />real properlY, This Mortgage shall be governed hy the la,,' of lhe jurisdiction in which the Property is located. Tn the
<br />event lhat any proviSIon or clause of 1his Mortgage or lhe NOle Cflnf!icts ".irh applicable 'aw. such conflict shall not alect
<br />other pro".ions of thIS Mortgage or the Note whIch can be gIven effect without the conflicting provision. and to this
<br />end the rfOvi5i0ns f'f the Mortgage and the NOle are declared to be severable,
<br />16. lIon9wcr's Copy. Borrower ,hall he furnIShed a conformed "opy of the Note and of rhis Mortgage at the time
<br />of execution or a her n:cordation hereof.
<br />17. T..... of die Prepn1y; "-.-ion. If all or any part of lhe Property or an interest therein is sold or transferred
<br />by Borrower without Lender's pt"ior written consent. exeluding (al the creation of a lien or encumbrance subordinate to
<br />tilts Mor'lSllse. {bl the crealion of a pun:hase money <oecuriry inlerest for household appliances. (cl a transfer by deviuc.
<br />~;cnt OJ' by operation of law upon the death of a joinl tenanl or hll tlla IlrlT'l t' fA) , TUtlnl. 'r1 III If thu :.11 If'"
<br />-M ~ - 'r. a. Jflin 11 ,L ulnTt lender may. at Lenders opr.oo. declare all rhe sums secured by this Mortgage to be
<br />immediately due and payable_ Lender shall have waived such option 10 accelerate if. prior 10 lhe ..ale or transfer. Lender
<br />and lhe penon to whom the Properly is to be sold m transferred reach agreemenrjn~fitinl that the ctedit of such penon
<br />is satiMlKlory to Lender and rhal the imerest payable on the slims secured hy thls' ~age shan be at meh rate as l.ender
<br />wll req\lC$t. If Lender haa waived the Op1ioll to accelerate provided in Ihis parllllra:Pf! 17. and if Boft'OWer's succeuor in
<br />interest It&!! noeutcd a written assumption agreement accepted in wriling hy Lender. (ender shall rele<<u: Borrower from all
<br />~ations under this MortgaF and Ihe NOle.
<br />If l.ender eKerci~ such option to accelerate. Lender shall mail Borrower nolice of acceleration in accordance with
<br />pllfllll'3flh 14 hereof. Such notK:e shall provide a period of nol less than 30 days from Ihe date the notice is mailed wilhin
<br />which Borrower may pay rhe '1lm$ declared due. If Borrower fails 10 pay SItch ,ums prir>r to lhe expiration ,,( ""h period.
<br />L.... may. wilnoul fUlther nolice or demand on "or rower, tOvoke any remedies permllted hy paragraph 18 hereof.
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<br />NoN,UNlf'OllM COVENANTS, Borrower and Lender further covenant and agree as follows'
<br />II. ~; Ra_lII.. Ellttpt as prot'kIH In '......aph t7 hereof, upon Borrow....'. ......h of any fin'C..... 01
<br />.............1 ., 1ltiNrewft' In Ihis ~. Ind...... the eo~enan.. to pay when clue an,. .._ ""1IIftd by tllla MerIpp,
<br />........ .... Ie _.. Ill. .. nItIII notke 10 IIerro..e. M '...~ickd In ,I........ 14 hereof ","lfylftl: (1) the brNdI;
<br />m die.......... Ie /tun: _Ill IlretKh; ()) II tlIICv. 001 leu than 30 day. from the tlIICelhe notice iIllllllllH 10 1IerNwcr,
<br />'" ..... .ell IInMIu mtIIIt lie ellf'. MIll (4) lltld f'lIhre 10 ellfe _h mill'll 011 or Were lhe tfllte IItMClIie4 In lhe ~
<br />..., I'IItIIIIt In ~ of lhe _ fleClOncllty I'" MfII'ltt...c. '_Iowre Ity Jmlkllli ~ IInd .. of the Property.
<br />'"" notkc ... ~ lnf_ Ihtrro.... of the rlllM 10 mmtate aflfl. Meek"". and the riJthf 10 _rt In the f--..n
<br />'""u.... the _ll~ of II ftfllUlt M ...y DflM. clrfeme "f Bonn..... 10 M'erleradoR anti fore<toMIrr. If lhe lIfuI:h
<br />Is Rot etII'84 _ or Nfere the daM ~lIie4 In 1M neCltt!. l.coder It: trlKk.'. ..,cion _,. dKllmo all of lhe _ II<<UftlI hy
<br />Ihis ~ Ie .... 1_......', lhlll antl pay'" wiflMHll furtM' clemlHtd MIll _,- ful'ff'- hy jrHIklel~. tender
<br />........ ~ Ie ~""" in 4ll('h Itr...'HcIll11t1 all Upt'_ of tM1t<'I<_n. .lkl....., inti ..... IIm1l.4 In. l'...c. ..f doclI"""")'
<br />fc~Iftno'.., ................ ItIl1I4 lif'" r.....'rI..
<br />I'~ ....f1nt...I8i... t9 RciiaMlIfe. N"twHtlli..tandJfl~ It"fwkf'l ,tl,d:'lt'f;1II11" 01 Iht~ 'Hill" "'(,~.UH~d hv Ihl'" T\1(lrtRar."
<br />Ikw'H,tIltt'r 'l,h-~Jl havtf ftH:: d.lH II; f"lfVC:' ;jtl~ f1'(H:cwm~,,> hcnUfl by I endn fd enfOIt"T rhl'\ Mtl1fm:.tKl~ dt"(l)fllHllIfJ ill .-HI\- fllHe
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<br />NU'A ~/B4
<br />,;.,r .,~. 191141\
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