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<br />I
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<br />0012,. :2
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<br />Lender's written agreement or applicable law, Borrower shall pay the amount of all mortgage insurance premiums in, the
<br />manner pJ'ovided under paragrapb 2 bereof,
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, sball become additional
<br />indebtedness of Borrower secured by this Mortgage, Unless Bor,ower and Lender agree to otber terms of payment, such
<br />amounts shaUbepayable upon notice from Lender to Borrower requesting payment thereof. and shall bear interest from the
<br />date of disbursement at the rate payable from time to time on outstanding principal under the Note unless payment 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 />permissible under applicable law, Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />any action hereunder,
<br />I. Inspeclion, Lender may make or cause to be made reasonahle entric.. upon and inspections of the Property, provided
<br />that Lender shall give Borrower notic'e prior to any such inspection specifying rcasonable cause therefor related to Lende,'s
<br />interest in the Property,
<br />9. Coudenmadon, The proceeds of any award or claim for damages, direct or consequential, in connection with any
<br />condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned
<br />and shall be paid to Lender,
<br />In the event of a total taking of the Property, the proceeds shall be applied to lhe sums secured hy this Mortgage,
<br />with tbe excess. if any, paid to Borrower. In the event of a partial taking of the Property, unle.~s Borrower and Lender
<br />otherwise agree in writing, there shall he applied to the sums secured by this Mortgage such proportion of the proceeds
<br />as is equal to tbat proportion which the 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
<br />paid to Borrower,
<br />If the Property is abandoned by Borrower, 0' 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 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 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 pa,agraphs I and 2 hereof or change the amount of
<br />such installments.
<br />10. BorroWft' Not Reteased. 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 shaH not operate to release. in any manner,
<br />the liability of the original Borrower and Borrower's successors in interest. Lender shall not be required to commence
<br />proceedings against such successor or refuse to extend time for payment or othef\\'ise modify amortization of the sums
<br />secured by this Mortgage by reason of any demand made by the original Borrower and Borrower's sllccessors in interest.
<br />11, F~ by Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such ,ight or remedy.
<br />The procurement of insurance or the payment of taxes or other liens or charges by Lender ~hall not be a waiver of l~ender's
<br />right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />U. Remedles Cumulative. All remedies provided in this Mortgage are distinct and cumulative to any Nher right or
<br />remedy under this Mongage or afforded hy Jawor equity. and may he exercised concurrently. independently or successively.
<br />13, Su<<esson lUId Assigns Bound; Jolot aod Several I.Iabillty; Captions. The covenants and agreements herein
<br />contained shall bind, and the rights hereunder shall inure to, the respective successors and assigns of Lender and BOT<ower,
<br />subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be joint and 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 given in another manner. fa) any notice to
<br />Borrower provided for in this Mortgage shall be given by mailing such notice by certified mail addressed to Borrower at
<br />the Property Address or at such other address as Borrower may designate by notice to Lender as provided herein, and
<br />(b) any notice to Lender shall be given by certified mail. return receipt requested, to Lender's address stated herein or to
<br />such other address as Lender may designate by notice to Borrower as provided herein. Any notice provided for in this
<br />Mortgage shall be deemed to have been given to Borrower or I.ender when given in the manner designated herein,
<br />15. Unlfono Mot1lllCe; GovemiDc Law; Severability, This form of mortgage combines uniform covenants for national
<br />use and non~unifo.rm covenants with limited variations by jurisdiction to constitute a uniform security instrument covering
<br />real pToperty, This Mortgage shall be 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 conflicts with applicable law, such conflict shall not affect
<br />other provisions of this Mortgage or the Note whtch ~an be given effect without the conflicting provision. and to this
<br />end the provisions of the Mortgage and the Note are declared to be sev'erable,
<br />16. IIorIvwer's Copy. Borrower shall be furnished a conformed copy of the Note and of this Mortgage at the time
<br />of execution 0' after recordation hereof,
<br />17. TraMfer of tile Property; Auumptlon. 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, excluding (a) the creation of a lien or encumbrance subordinate to
<br />this Mongage, (b) the creation of a purchase money security interest for household appliances, (c) a transfer by devise,
<br />descent or by operation of law upon the death of a joint tenant or (dl the grant of any leasehold interest of three years or less
<br />not containing an option to purchase, lender may. at Lender's option, 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, Lender
<br />and the person to whom the Property is to be sold or transferred reach agreement in writing that the credit of such person
<br />is satisfactory to Lender and that the interest payable on the sums secured by this Mortgage shall be at such rate as Lender
<br />>ball request, If Lender has waived the option to accelerate provided in this paragraph 17, and if Borrower's successor in
<br />interest has executed a written assumption agreement accepted in writing by Lender, Lender shall release Borrower from all
<br />obliptions under tbd Mongage lUId the Note.
<br />If Lender exercises such option to accelerate, Lender shall mail Borrower notice of acceleration in accordance with
<br />fllIlllII'APh 14 hereof, Sucb notice shall provide a periOO of not less than 30 days from the date the notice is mailed within
<br />which Borrower may pay the sums declared due, If Borrower fails to pay such sums prior to the expiration of such period.
<br />Lender may, without further notice or demlUld on Borrower, invoke any remedies permitted by paragraph 18 hereof,
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<br />NoN-UNtPOaM COVENANTS, Borrower and Lender funher cO"enant and agree as follows:
<br />1.. ~l~ Except.......'rioIed Ill......... 17 beseof. IIpOIl Bono_.... breado of .oy COYeJIlIlIt or
<br />....... of ~ III tloIa MlIII&8Ie. I1ldtMIlII& the con_ to pay whee d.. DY s.._ _wed by tbis Morlp&e.
<br />.......... to aocekI...... .... .... toOlke t.. ~ as ......Ided hi JNlllllrapIa 14 hereof specifying; (1) the bread1;
<br />Q) die ..... ...... .. caR wcIt IlrealI; (J) . .... DOt '- t.... JO days f...... the dale tbe DOCke Is mallecI 10 Borrower.
<br />..,......wcIt '"-II _ .. CWI<II; ... (<I) .... f...... to .,...., sudI breach _ or before tile dale spedlIed In the DOCke
<br />...l'tIIIIIiII ~nht__of""_ _1INtI by thk Mtmpp, f~ by ludkllll ~ ud llIIIe of tbe I'rotlerty.
<br />n............. ...... ....... of the rl&Iol to nlMlatc after a<<eIetatloII .... lhe riIbt to _ ill lhe fondooun
<br />"'--.Illt __.i . _ of . ..,. .. .., otbu de'- of ........_ I.. ~ ...... fondosolre. U tile breado
<br />. Is ... ... ... .. ...... IlIe .... ....... ill 1M lMMke, t<e..... at Leader's ...... _y dedan all of the ...... -..red by
<br />............. "'1_ 1- . " .... MIl ~ without I'1rrUou *-d ... _y fondoa by juolieIIlI~, lA8CIer
<br />................ e6d ill.... ............ all UfM'MM 01 f~ ItIdIodIit&. ... "'" ...... .... .- of tIo<'e-.ry
<br />....................... ........
<br />1t. -.-........ to.......... Notwithstandin, tender', 8C<.'elet'at...... of the ",nu .ecured by this Mort,..o.
<br />-.-mau hove. rlatu to haw ItftY pt'<l<:eedinp beI\ln by tender to enforce thIS Mon.1I<' discontinued .t an)' time
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