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<br />84 ----i~ O Q 417
<br />Lender's artitien agreement orapplicable law. Borrower shall pay the amount of ail mortgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon. shalt 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 from Lender to Borrower requesting payment thereof, and shall bear interest from the
<br />date of disbursement at the rate payable fram time-to time on outstanding principal under the Note unless payment of
<br />- interesrat such rate would 6e-cantrary to aggiicable law, in which even such amounts shaiI bear interest at the highest rate
<br />permissible under applicable taw. Nothing contained in [his paragraph 7 shall require Lender to incur any expense or lake
<br />any action. hereunder.
<br />- 8: Imrpec#bn. Lender may make ar cause to be made reasonable entries upon and inspections of the Property, provided
<br />that tinder shall give Burrower notice prior to any such inspection specifying reasonable cause therefar related to Lender's
<br />- interest in the Property.
<br />- _ 9. Candemttamon. The proceeds of any award or claim for damages. di,-ect or consequential. in connection with any
<br />condemnation or ether taking of the Property, ar part thereat. ar for conveyance in lieu of condemnation, are hereby assigned
<br />- _ and shall be paid to Linder.
<br />In. the event of a total taking of the Propery, the proceeds shall be applied to the sums secured by this Mortgage.
<br />with the excess, if any, paid to Borrower. In the event of a partial taking of the Property, unfess Borrower and Lender
<br />otttrrwise agree in writing. there shalt he app@ed m thr sums secured by this Martgage such proportion of the proceeds
<br />as is egtrat to that proportion which the amount of the sums secured by this Mertgaee immediately prior to the date of
<br />- taking bears to the fair market value of the Property intmediatety prior to the date of taking, with the balance of the proceeds
<br />paid to Borrower.
<br />- ff thr Property is abandoned by Borrower. or if. after notice by Tinder to Barrnwer that the condemnor offers io make
<br />- an award of settle a claim for damages, Barrawrr fails to respond to Lender within 34 days after the date such notice is
<br />mailed. Lender is authorized ro collect and apply the proceeds, at Lender's option, either to restoration or repair of the
<br />Property or to the soots secured hy- Ihis iartgage. -
<br />linlrss Lender and Borrower otherwisr agree in writing, any such application of proceeds to principal shall oat extend
<br />or pastpane the due date of the monthly instalments retorted fo in paraeraphs 1 :rod ?hereof or change the amount of
<br />such installments.
<br />- 14. Borrower Not Released. Extensian of thr time for payment or modificatian of amortization of the sums secured
<br />by this Mortgage granted by Lender to any successar in interest of Borrower shall rtat operate to release, in any manner.
<br />the liability of the original Borrower and Bormwer's successors in interest. fender shad not be required ro wmmence
<br />_ proceedings against such successor nr refus<: fo extend time for payment or otherwise madift• amortization of the sums
<br />. secured by this Mnrigagr by reason of any demand made bs^ the origmal Borrower and Borrower's successors in interest.
<br />I1. Forbearance by Ixnder Nut a Waiver. Aar fonc~aru+ce by Lender in ccercising arrv right or remedy hereunder, or
<br />of hetwise aiTorded by applicable taw. <hail oat he a waiver of ar preclude the exercise of any such right or remedy.
<br />The procnremem of insurance or the payment of races ;~r other liens or charges by fender shall no[ be a waiver of tender's
<br />- rigisF to accelerate the maturity of khe indebtedness encored by thi. Aiattgage.
<br />12. Remedies Cumulative. All remedies proeidcd in this Aortgage ore distinct anti atmtdative to amp other right ar
<br />- remedy under this Mortgage ar afforded h}• taw or equity^. and may he errs. ra-ed rnncurrently. independently nr sucerssively.
<br />13. Successors and Assigns Bound; .loint and Severn! hiahiiifv: Captions. 1"he covenants and agreements herein
<br />~ntaincd shah Hard, and tha rights tiercunder shalt more t+?- the resfxt;uvr suacessttts and assigns of Lender and Barrnwer.
<br />subjec3 to thr pravisions of paragraph l? hereof. A.li covenants and agmements of Borrower shall be joint and several.
<br />"The caprions and headings of the narattraphs o£ this -.Mnrtcage arc £or r.?nvrnience only and ore nt ~ to he used to
<br />interpret ar define the pravisions hrreaF.
<br />I4. Notice. Except far soy Waite regetircd under apptieabie taw u, be given in another manner- (a} any notice to
<br />Borrawer provided {or in this Mortgage shah he pis°en by mailing surh entice by certified mail addressed fo Borrower at
<br />the Property Address or at surh cKhrr address as Harrower may- des:gnate by notice to t.coder as provided herein, anti
<br />fbl any notice to Lrndc: shall hr give^ by certified mail- return recrtp[ requrs[ed, to Lrndcrs address stated herein ar to
<br />- such other addmss as Lender may designate by natter n., Borrawer as provided herein_ Any notice provided for in this
<br />Mortgage shah Ile deemed to have bran gsvro ta: Baemwrt or Le-ndcr when given in the manner drsignated herein.
<br />1S. Ilnitorm A#ort>ra~e:~C,avernirriz Law: Srvewbility. "this frrm of mortgage combines uniform cavenants for national
<br />use and non-nnif arm cavenants swith broiled s•ariatiens hp jut tsdictiott to constitute a uoi£orm srcurity instrument covering
<br />real property. This Martgage shall tee gcrvrrncd by the I:ew .,f the jurisdiction ir. which the Property is Iac'.alcd. in the
<br />_ event that any prrvistan ar cfattse of thi: hiarzgage +~r the tii.tc cantticts with applicable taw, such conflict shalt nrrt affect
<br />ether pmvisians of this Martgagr or the Vote which cart br i~vrn rtfeci es'itha+tt thr eanflictinz_ provision, amt m this
<br />end thb prrn•isions of the Mertgagr and tare Vate arc declared to hr severable.
<br />16. BotmwePs Copy. $orrowrr shalt be furnishrd a conformed copy of the Vate and of this ~iortgagr at the time
<br />- of e:cruttan or attrc rccardatian hrrcof.
<br />- i7. Tretr~rr of the Pvopetty: Assumptlon. tl' al! er arm part of the Propern^ or an interest therein is xId or transferred
<br />hg Harrower withan I_rndri s prior written consent, r.ccluding tat [he crcatian of alien ar encumbrance subordinate to
<br />this Martgage, ih? the crcatian of a purchase money srr:unty interest far household appliances, (el a transfer by devise,
<br />descent t>r by operaitnn of taw upon the death of ~ iatnt tenam or idt the grant of any leasehold interest of three years ar less
<br />tNtt containing an option to purchase, Lender pray, at Lendrr`s apdcan, deciarc tali the sums secured by this Mortgage to br
<br />immediately due attd gayablr. Lender shall nave w-a.sred such option to accelerate if, prior to the sale ar transfer, !.ender
<br />and the porsan ro wham the Pnprrt}' is to he sold ar transferred teach agrermem in writing that the credit of such petsan
<br />- i satisfatton to lender and than the infrmst payable on the ,ants secured by this Martgage shall be at such rate as Lender
<br />- shall tequ~Y. tf Lender ltas waived the 4 ptfon le -accelerate provided in this paragraph 17, stud iE Borrower's successor in
<br />- intrust has executed a written aswmption agreement accepted in writing by tender. T..eneler shall release Harrower from all
<br />nhii8atians under this Martgage and the Note.
<br />_ if L-ender exercises such aptior. to accelerate, Len=]cr shat mail Ban-owzr natiec of arreleration in accordance with
<br />pa€agtaph 14 hereof. Stteh notion shat! provide a period of rte-t 7esa than ail d&es fr[>m the dstr the notice rs ±nailed wirhio
<br />which-Brfirowr€ may pay the sums declared due. if Borrawer fa; is +a pay such alms prier to the expiration of such perfad,
<br />Lenc~rmap- without further naiieeordemand an Horrawrr. mvakc any remedies permitted by paragraph Ig hererof.
<br />NoM-L1xrt=oa4t Covsv~>rs. $arrowrr and Lender further covenant and aanr as toilaws:
<br />18. drrrkrrdian; Rtntedgs. Exeep# as provided in paraarapb t7 brreuf, upon Borrowers breach of any covenant ar
<br />stRriemant aI &irrowrs in fttis•:'.k9c+rt#tt~.-imltaliatt fbr ecrvrrrants to pay when dnr anp aunts secured by tdis MortRat;e,
<br />- i:tadec mar m msetuepee;,.rt .s6all.Er,tu1 _sat:co LR x._.r.owr, ~ e~v-yr yet.^. v ra¢rxplr 13 F.r:r sprel#Y rte: (1l i.:e bv~ach.
<br />fI~ the artier realrnred to rtrm such breach: tat a date, oat Irxx Than 34 days from ihr date the trotter iy maitrd !o Borrower,
<br />69 rrhk6aerbImarhmtast 6a cured;and (41 that failure tocnm ouch breath nn ~ before the data specifiedin the rratlce
<br />reap'-rgtpb! is atCeknttirm-af the arms sernrted by thta- ytnrit;.aRr, #otxclosutr by jttc#icial pracerding and lair o€ the Froprrty.
<br />~_ TBm_wmeesltidi-farther ia#earrt Harrower of tberitih! in ttrinsinfc after areeierat#trrt and the right W assert in the lorerMsurr
<br />t~ mte.'rnaa~eaislexte of a defauhl-os anp other dr#ease n# Barwwrr to arcriecatiurt and #onxinsure. 1! the breath
<br />- is oat rutittd'aa ar Getave 4he chtte~spe.-illtd ht tAe mrtirs, ixndrr at l.emlcr`s aptian may derta€e aB et Ebe emus second by
<br />_ th$rbfttrt~ge io 6e itemeditolalr dim and paytrhk-wilhaot further drmaerd raid may furrriose by judicial pmcreditrg, Lender
<br />abaft Ittt rrrtitkd 4 etrmetti ~ aurii. pEurend aB rxpanrrze of farerhnare. inritiditryt, but oat Eituitrd to< rorYs at darnmrmaev
<br />s+#dta[as t~ ruxF lima rapnrmi: .
<br />- - iR ~r"t Ill~~.to~8eint6~r: '<v'htwrthstandrn8 Lrndet`s aseetrrattan <ai the stanu secured by rtts yortgagt;,
<br />14urrrtrrar slzhll Nava Lbr regltt fo have am pruxeedingx begun, 6v i.ettdrr to enforce thi- ~is€tgagr diseatttinttrd «t anc• time
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