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<br />~4,.--~ ~ ~ ri o s o 9
<br />Lender's written agreetneni or applicab(t: law. Borrower shaft -pay ihs atnount of all mortgage insurance premiums in the
<br />mantles provided "under paragraph 2 hezcof.
<br />Any-amounts disbursed. by-Lender pnrsuant,to- this paragraph 7, with interest thereon, shall- become addifionat -.
<br />(~ intietitexlttess of Borrower secured by this Mortgage. Unless Borrower-and Lender agree to other ferias of payment; such
<br />amodMS shsllrbe payable upon, notice from Lender to Borrower requesting, payment thereof, and shall bear interest from the
<br />date-of disbussr:meni .at:'fhe -rate .payable from time. to -time on- outstanding: principal _ under -the Note unless payment of
<br />interest at suehrate.wouid-6e•wrdrary to-applicable-law, in which event such-amounts shall':bear interest at [hehighest;ate -
<br />~ - pc;miesibie tinder applicable-law.. Nottiirig.contained-iti this paragraph 7 shall-recjuireLender to iticur_ahg expense-or take
<br />_ - - anyaction hereunder: - - - - - - -
<br />- - - 8. lmpeetion..bender may make-or-causeto-be-made-reasonable entries-upon and-inspections of the Property, provided
<br />- thartender shall"'give Borrower notice prior to-any such inspectipn specifying reasonable cause therefor-related to Lender's
<br />_ - - intsresl ~o the"Property, - - - - -
<br />- _ -"9, Condemnetbn. The. proceeds of any-award or claim for damages, direct or- consequentiah in connectiam-with any
<br />cpndemnatianorMhertakingof the Property, or part thereof, nr for conveyance in lieu of'rnndemnation; are hereby assigned-
<br />and shalt-be paid- to Lender. - - -. -
<br />- 'Iti.ihe event.of a-tots#-taking of ihe-Property, the-proceeds shall be applied-to the-sums-secured: by this Mortgage; -_ -
<br />- with rite excess; if any, paid to Borrower In the event oP a partial-taking of [he Property, unless Borrower and'Lender
<br />otherwiseagree in writing, there shalt-be applied to ihe sums secured by this Mortgage..such pmportion~af.-the proceeds.---. _
<br />- as is equal to that-proportion which ihe amount of the sums secured by This Mortgage immediately prior to the date of
<br />[akivg bears !n the fair market value of the Property immediately prior to,ths dace of taking, wizh.the lialanca of.the peoceeds.~- _
<br />paid-to $orrower. - - ~ -
<br />If the Praperiy-is abandoned by Borrower, nr if, a$er notice by Lender to-Horrowerihat the-.condemnor otfers.to-make- "-
<br />- an award or settle- a claim fotdamages< Borrower fails to respond to Lender within 30 days-after the-date-such--notice is`.
<br />matted, Lender is authorized-ia collect and apply .the prpceeds. ai Lender's ~ption,eithetto res[oradon prrepairof the-
<br />Property er tnthe xums secured"by this Mortgage. - - ~ - - -_
<br />(talons bender and Borrower otherwise agree in writing,_any such application of proceeds to principal shall not-extend: "- - -
<br />nr pns[ppne the due date of the monthly installments reierred_ro in paragraphs i and 2 hereof or change the-amount of`
<br />such" insial}ments. - - -
<br />30. Borrpwsr Not Relea~d. Extension , f the time for payment or modification of amortization of thesumssccured
<br />by this Mortgage granted by Lender to any successor in interest of Borrower shalt not operate -ta release, in any_ manner; - -
<br />the liability n( the original Borrower and Borrrnvsr's surcessnn in !merest. I-ender shall real be required to commence -. -. _
<br />-proceedings against such successor or refuse to extend time for pavment or otherwise modify amortization of the sums -
<br />- stxtue@ by'thiS'Iv'lorrgagc by rrason of any demand made by the original Borrower and Borrower's successors in interest. -
<br />tt FnrNmrnoce by l.¢ndcr Nat a Wab•er. Any fonc~aranrc by Lender in exercising any right or remedy hereunder, or
<br />Othern•ise afforded ),v appll~ab{e.law, shalt not he a waiver of or preclude ihe exercise of. any-such right or remedy. -
<br />11[e.ptocuretnent"bFinsutance-er the payment of rases or other liens or charges hr• L.ender shall not be a waiver of Lender's
<br />- right to accelerate-the maturity of the indehtedncss secured b}' this lsiartgage. -
<br />'- 12. Reritedies Cumulative. All remedies provided in this Ttortgage am distinct and cumulative to any other right. or -
<br />- remedy under this lslortgage nr afforded 6y law ar equity, and may br exercised concurrently, independently or-successively. - -
<br />_ 13: Snecessrtn end Assigns Honndt Joint and. Severe! Liability; ('apdorts. T'he covenants and agreements herein -
<br />containedshalt bind, and the rights hereunder shaft inure to, the respective successors and assigns of Lender and Borrower; -
<br />subject to"the-provisions. e€ paragraph 17 hsrmf. AlI covenants noel agreements of Borrower shall be joint and several.
<br />The captions and headings of the paragraphs of this Mortgage are for convenience only and arc not to he used -to -
<br />interpret or deSne the provisions hereof,
<br />14. Notice. Except for any notice required under applicable taw to br given in another manner. {a) any entice ro -
<br />- Borrower provided for in-this Mprigage-shall isr giver, h}' matting such antics t+y certified mat[ addressed to Borrower at -
<br />the Property Address or at such other address as 8orrowcr mac designate by notice to Lender ns provided herein, and
<br />Ib) any iroHca to Lender shag. be given by certified math rewm nccipt requested. to 1-endrr's address stated herein or m
<br />_ s[rch:other address as Lender may designate by not-icr re 8orrowcr as provided herein. Any notice provided for in this -
<br />bfortgage shall be deemed to have barn given to Bnrtttwer ter I.cnder when given in the manner designated herein,
<br />" - 15.- Uniform Marigage: Governing law; Severatulity. "this foam of mnrtgage combines uniform covenants for national
<br />- - use and twmunifnrm cpvenants whh limited variaticros by iurisdie.tior. to constitute a uniform security instrument covering
<br />teal property. This. Mortgage shall 6e governed by the law of the ktzisdiction in which [he Property is located. In the
<br />event that any provision ar clause of this Mortgage or the Nate canHicts. with applicable law, such contiict shalt not affect
<br />- ether provisions of this Mortgage or the Nate which can big. given effect without the conflicting provision, and tn- this
<br />end the provisions of the Mortgage and the Nntr are declared to 6e severahle.
<br />f6. Horratssrs Copy. Horrnwer shall be furnished a conformed copy of the Note and of this Mortgage at the time
<br />of execution nr after recorda['xsn hereof,
<br />" IT. Transfer of-the-Property; Assumption, if all or any part of the Property nr an interest therein is sold nr transferred.
<br />by Borrower withput Lender's prior written consent, excluding ta) ihe rmation of"a lien or encumbrance-subordinate [n
<br />- this Mortgage, (b)-the creation of a purchase money securit}' rntrrest for household appliances. (c) a transfer by devise-,
<br />descent pr by operation of law upon the death of a joint tenant of idt the gram of any leasehold interest of three years nr less
<br />_ oat containing an pption to purchase, Lender may, at tender's option, declare all the sums secured by this Mortgage to be
<br />- immeafiaaely due and.payabte. Lender shall have waived such npripn to arcrkrate if, prior rn the sale nr-transfer, Lender
<br />and-tlu.person.to-whom Fhe Property is to E:e sold or transferred reach agreement in writing that the credit of such person
<br />- is sntisfactary to Lender and--that the-interest payalrlr ou the sums secured 6y this Martgag: shah be at s+ach rate as Lender
<br />shall"request. If Lender has waived"the option to accelerate provided in this paragraph 17. and if Borrower's successor in
<br />rntetes[ has e:trcutsd a written assumption agreement accepted in writing by Lender, I.cnder shall release Borrower from alt
<br />oitligatittns under this Mortgage and the Note.
<br />If-I;ender exercises such option to accelerate, Under shall mail Sorruw_ er notice of ae'ce(erntion in ac:cerdance with
<br />paragraph-.F4hereof_ Stich notice chatl prpvide a petitrd of not less than 36 days from the daze the. notice is mailed within
<br />- - - whic4t Horrowermaty pay the sutns-dedared dus_ If Borrower fails ro pay each sums prior to the expiration o4 such period,
<br />- fender-tray, without further noure nr demand en Borrower, invoke any. remedies permitted by paragraph 18 hereof.
<br />- - - NtIt7~-L3{tzz=oxb3 Co_vexax~ts: Borrower and hertder further covenant and agree as follows:-
<br />. - - 1B. A~;RsmrrHes. Eacepi as prarided~ia.pasngraph t7 hereof; upon Borrower's breach of aay covenant nr
<br />_tiCrKdesat. et€-1'lurrusver In fhi$ Mor4Rage, inelitdtttt.: tlis-covenants to-"pay When doe any sunu secured by this-MortgalZs,
<br />- teadtr prier io areeilrnlinn shag msil zioiice to t3omswer as pruvlded in paragraph 14 hereof specifying: t1I tbe.6rsacht
<br />". _ - f2) the adfoe retuned to cure such bremrbt t3j a date, not i~cs than 30 days irons Ihs date Ihq noiiee is ztsaikd to Borrower.
<br />- by which Stich breach stmt be crutdi~ahd-(41tlsat.feitnre~ to cure such-brmah on oc before the dais sptxi&ed in-the turtlre
<br />may _rtxrh In accrirradnn of for term ssritrst{ by.ihfs lVfartea~s, Porsrittnart try jndirial pruareditrg-and sale of"the Property.
<br />TM aMicc s6wkt fwtlxr inforta Burruwcruf Mrr~tkt ta-rsirutateafrer-arrs}eratioti sad-the rtghtto rtsssrt.in tlse-[arerlnsnre
<br />- - _ proceednns tiro itoaKSistenee u[ a dstauU nr nay othttr etc#snse nf-Hrmower.to acrettra/ion.-and-fitrcelosuss. If ihs-brcaeh
<br />is tsd rated un w brforc the date ygseiaed. to tlpe neriirs,. t.:sa*ier at.lxniler's aptbn may declare alt: of the sums secured 6y
<br />_ t7ir 1lruty~r fu !re ittunrdiatciy 8u! sad-payabtri without further-demand and may #arcrtose by Judklal prarseditsg. Leader
<br />- rdtailite ratitl,eY to co0cct in suck proeeeaiiryt nit exp6nwea of-teirecHxturg, ittrietdthtt, but oat timited ta, cogs of tlorumerttary
<br />6vieKtece, aaatrarb awl. Utle rrpettts.
<br />- _ I9. ltesrenrer's Rf~t to Rs(aatals. N1N ngitLstandi:~-isnekt`s aa`zYelerat~n ,f the- soma srr+ired Is}' this Mirrzgage,
<br />- 8pttarwrr chart have tha.tit<ht :<, here at+y gitrtre+t~-dinaa h.egu».by. Leirdcr trry snfvrse thts "ifari$age rlist~i+»tintre+! rt any trrrte
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