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<br />83;1013H8
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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 provided under paragraph 2 hereof,
<br />Any amounts dishursed by Lender 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. such
<br />amounts shall be payable upon notice f,om 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 />8. Inspection. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that Lender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property,
<br />9. Condemnation. 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 />Tn the event of a lotal taking of the Property, the proceeds shan be applied to the slims secured by this Mortgage,
<br />with the excess. if any, paid to Borrower. Tn the event 0f a partial taking: (If the Property. unless Borrower and Lender
<br />otherwise agree in writing. there shall he applied to the sums sccured hy this Mortgage such proportion of the proceeds
<br />as is equal to that proportion which the amount of the sums secured j,y 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 halance of the proceeds
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower. or if. after notice hy Lender to Borrower that the condemnor offers to make
<br />an award or settle a claim for damages, Borrower fails to respnnd to Lender within 30 days after the date such notice is
<br />mailed, Lender is authorized to coHect and apply the proceeds. at Lender's option. either to restoration or repair of the
<br />Property or to the sums secured hy this Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing:, an~' such application {'If proceeds to principal shan not extend
<br />or postpone the due dale of the- monthly installments referred fa in paragraphs 1 and '2 hereof or change the amount of
<br />such installments,
<br />to. Borrower Nor Retea~. Extension of the time ft)r pavrnent or modification of amortization of the sums secured
<br />hy this Mortgage granted by Lender to any '\u<.,'ccssor In interest of Borrower ,hall not operate to release. in any manner,
<br />the liability of the original Borrower and Borrov."er',;; successors in interest. Lender shall not he required to commence
<br />proceedings agains:r such successor or rcfu'ic to extend time for payment or otherwise modify amortization (\f the sums
<br />secured by this Mongage hy reason of any demand made b,' the original Borrower and Borrower's snccessors in interest.
<br />11. Forbe-arance by Lender Not a Wah'er, l\nv forhearancc Py f ~ndcr in exercising any right or remedy hereunder, or
<br />otherwise afforded hy applicable law. "hall nOl he ;1 waiver of or preclude the exercise of any s.uch right or remedy.
<br />The procurement t'{ insurance or the payment of ta'H:-s. or t'ther liens t)f charges hy Lender shall not he a waiver of Lender's
<br />right to accelerate the maturity of the mdehtedne~s <;ct.'ured hy thili Mt"'irtgage.
<br />12, Remedies Cumulative. All remedies pr(l\'ided in thi, Mortgage art" distinct and l:umulativc to any nther right or
<br />remedy under thi'i Mortga!!.~ or afforded tw law (If eqUIty. ~Ind may he (,\l.'rciseJ ,:(,"currently, independently or slIccessively,
<br />13. Successors and ,\ssiJ!:ns Bound; Joint and Sen~ral UabilitJ: Captions. 1ne covenants and agreements herein
<br />contained shall hind. and the rights hereunder "hail inure In, the r~'ipl.'l,;'(l\'t." "ut:"cc<;St'rs and assigns (If Lender and Borrower.
<br />subject to the provisions c<f paragraph 17 hereof :\11 i..'lW~n~tnts and agreemenl' pf Borrower shall he joint and several.
<br />The captions and headings of the paragraph.. tlf thi,; M('rlga~l.' an,' f(lr ...:on\'cnicncc t\nly and are not to be llsed to
<br />interpret or define the provisions hereof.
<br />14. Notice. Except for any notice required under applicOlf,lc la\\ !,' he given in .mc:~he'r manner. (a) any notice to
<br />Borrower provided for in this M()rtga~e shall he !!IVl'n by mailin~ ..w..:h notiCe hy certified mail addressed to Borrower at
<br />the Property Address or at such l1ther 3ddrc..., as B\"'irrnv..cr m~tY JC'slgnatc by notice to l.ender as provided herein, and
<br />{bl any notic~ to Lender ~hall be given lw certified mad. rt.~ttlm r~C"'lr! fl.'quested. to Lcnder's address Slated herein or to
<br />such other nddre.llS as Lender may dcsi~natc t'ty n<.'lil,.'c W Borwwcr as proVIded herein Any notice provided for in this
<br />Mortgage shall he deemed t('l have heen gi...'cn to B0rrowcr or J ~nder v, hen given in the manner designated herein.
<br />15, Uniform !\to~age: GovemiDj: I.a"'.; Se"erabilit~-. T~1I', t.\rm ~)f m(lngage (,'('lmbines uniform covenants for national
<br />use and non-uniform covenanl~ w'ith limited \'arlaH('lns t'tv ntrl-;di~,tion If' t.:onstittltc: ;l unifoml security instrument covering
<br />real pro:perty. This Mongage shall t'C governed ~\' the l~l\\- d the iuri....di(,:rH"In In which the Propert~' is located. In the
<br />event that any provision or l'bllsc of thi~ M(\rtgag~ nr the ~....le ~l'nni..'h \t ith applicable law. such conflict shan not affect
<br />other pn"Jvi$ions of this Mortgage pr the :'\lnte which can he grven effe.:t withf1ut fhe conflicting provision, and to this
<br />end the provisions ("'if the Mortgage and: the '('l!l~ arc declared tn N: scvcra~lc.
<br />16.. Borrower"s Copy~ Borrowc-r ...hall h~ furnished a \.'t1nf('rmed C.."'ipy of the Norc and \,f this Mortgage at the time
<br />()f c!I{etution or after rc~ordalion hereof.
<br />17. Transfer of rhe PropMt". Assumption, If all t1r .In)' P:ll'i ('I(' the Property t'r an interest therein is sold or transferred
<br />by Borrower withoul Lender's prior wrincn (l'll;,;,cnl. l:.'\dudin~ l~tl th~ ..:rcation of ;1 lien ('r encumbrance subordinate to
<br />this Mortgage. (h} the aeatlon nf .'1. pun.:hajc money ..t:;,;urity IIHl'n,'...l fi'r household appliances. Ie} a transfer by devise,
<br />descent or hy 0peration of );1\\ upon the death ;.11 ~l i~'lllt h,'nant ;.'r llil the ~rant t"lf any h:aschold interest of three years or Jess
<br />not containing an option 10 pun:hast'. l.ender ma\. ,n 1 ~nd\.~r'... ,'ptl\'o. dl.'l...lafl' .lll the 'iums sCl:urcd l1y this Mortgage to be
<br />immediately due and payable. I cnder ,h"H ha\'e \l,i.H\CU .;,u..'h ,'plitlO hI a<':i.'l'leralc if. prior fo the ~alc or transfer. Lender
<br />and the person 10 whom the Property i.. It) ~ ~()ld ,'r ! ransh,'rrcd f..:aL'n ;!g:rccmcnl In writin,!! that the aedit of sw:h person
<br />is satisfactory to Lender and thai the intere...t payable l.)n the 'um.., <;.t:I.:tlred b~ lhi.. Mortgage shall be at such rate a~ Lender
<br />shall request. If Lender h.1S waived the l'ption 1('1 acce!t.'Lt1C pn)\-icJed if1 this paragraph t 7. and if Borrower's successor in
<br />interest has executed a wntten assumplion agreement at.:c-eplcd in \\filing. hy Lender. Lender <;hall release Borrower from all
<br />obligations under this Mortgage and the Note.
<br />If lender exercises such option tn accelerate. I,!.:'nder ...hall mail ROffO\\Cr nOlici.:' l'( ~lcce-lerati0n in al:cordance with
<br />paragraph 14 here-of. Such notice o;;.haH pro....ide ,j pcrli..d ~lf n...'! k:,.;, thall .~n day... fntm Ihe dale the 11I.)tin.' i\ mailed within
<br />whtch Borrower may ps)' the slims- dechueo dUt,'. If Borro\\cr fellI, h.... pa\' ~\II.:h ,urns prior to [he c\piratiofl ,-'f '\uch period.
<br />l.ender ma}'. without further nOli",,\:, or dcnland PI1 H(~rrn\\cr. :n....{l...c :tn~ refIll'dies permItted hy paragraph 13: hereof.
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<br />NON~UNrFORl>.'l COVEN.4.ST.S. Borrower and l.ender further n'l\it;n.nH .:oJ uJ;!r~ a:.. tnll~-,w-s:
<br />18. .4.e~ Remedits. Es:c:ept as providfll in par-a:raph 17 herw-f. upon Borrowe-r's breach of any covenant or
<br />~lReIIt of Bonow-e.. in this 1\-tOl1l:., includioa tbe ('oH"nanfs tu pa)' "hen due ~n.\ sums set"ured by this MO~H2~.
<br />Le.... prior 10 .....deraticm s1uIlI mail ....ti<< 10 &rro...r "" p">> id.d in parllllraph 14 h.reof sP<'dfyin~: (11 the hrellCh:
<br />(1) the aetioA req~ '0 cure such b~h; (3) a date" not 1eS"i than 30 da.ys from the datt" the nottet is mailC'd to Borrower.
<br />by 1OIlk1t SIIclI ........It _ be cured; and (41 that failure 10 cure ,ueh breach on or before the date sP<'dli~d in Ih.. notic.
<br />....,.......u ill ~ of the .11_ _IIRd h)' this Mor(~lIll~, fo,edo.u,. h)' jodicial pro..'ffdin~ and sal. of Ihe P.......,r(),
<br />'fIae JIOtiu .... t'urtbel' iDlorm JkMTo"-e-r (.[ rbe. daht tt) ninst.te after a('\'eluation and the- right to' as.-wr1 in the forec:lmture
<br />~ the _lriote""" of a default .>t any o.be. tJt.f~_ of 80rro..., 10 aCl'ele...tion and fored...ure. If Ih. hre""h
<br />10 ..... ..ttred Oft w befOk the daI~ .pedhd io Ih. ....lir., !.end.r at I.. mil"" oplion may d~dare oil of the suot, seeuRd by
<br />lIIb Mort.,.. tu he IllttMdiatdy d_ alMl payllbk ..ith..ut further d.mand amllllaY fo,~d._ by jmlidal procOfllIIlll. I.nder
<br />oW be ~ In ~Iln SIIclI ............... .11 UP<'_ of f"""'''".,,e, lndlldlntl, hut not limited 10. ('''''S of dm'um.olory'
<br />..,....,.., ~.... title rqoorts.
<br />It. ~ RIIId to Jtebiatat~. NorwJtb\ttlodintt Lcnde(~ 4ccder-'..tI\1f! l,f rhe ..un.h ~e,-..tIIcd bv thi", Mott~<\gc.
<br />i\o:rn~t \-naH have lhe riaJ:~t to hot';-,-e' an)' prol;''lx-uihg,\ hcgiJn hy I t.~l'\de-r hi t'nhu\-"\~ .tl,,\ M\lt'tgil~t.' di\(',llltinH~U :1\ ;Hl\ tmlt;'
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