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<br />$4,,.• ti V 0 $ 91
<br />Lender's written agreement or applicable taw. Borrower shall pay the amount of all mortgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disburxd 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 tepon notice from Lender to Borrower requesting payment thereof, and shall liar fntereat-from the.
<br />r date of disbursement at the rate payable from time to time on outstanding principal under the Note--unless -payment of
<br />r. interest at such rate would be contrary to applicable law, in which evenrsuch -amounts-shall. bear SnteresP-a['.the-hiRltesC rate--
<br />F permissible under applicable law. Nothing contained in this paragraph 7 shall regtjire~ Lender.[o incur--any expeme or take -
<br />~ any action hereunder
<br />k - 0. Iro~ecNaw. Lender may make or cause to be made reasonable entries upon.and inspections ofthe=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. Coedemnadon. The proceeds of any award or claim for damages. direct or consequential.-in-connecCtoe-with any-
<br />condemnation or other taking of the Property, or pan YhereoE, or for conveyance in lieu of condemnation;. are hereby assigned- -
<br />t and shall be paid to Louder. -
<br />In the event of a total taking of the Property, the proceeds- shall be applied to tfie sums secured_tiy this Mortgage.---
<br />with the excess, if any, paid to Borrower. [n the event of a partial taking. of the Property, unless $ocrower and-.-Lender--- -
<br />otherwise agree in writing, there shall be applied to the sums secured by this Mortgage-such proportionoEthc proceeds.
<br />as is equal to that proportion which the amoum of the sums secured by this Mortgage immedisfe$ prior Yp tbe_ date of.
<br />taking bears to the fair market value of the Property immediately prior to the date of taking, with the balance of-thtrproceeds`--' -
<br />paid to Borrower. ~ - - -
<br />Tf the Property is abandoned by Borrower or if, after notice by Lender to Borrower that the condemnor oHeix fo make
<br />an award or settle a claim for damages, Borrower fails to repond to Lender within 30 days after the:da[e_ such-notice is
<br />mailed. Lender is authorized to collet[ 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-p,-incipalshall.not•.extend
<br />or postpone the due date of the monthly installments referred to in paragraphs I and 2 hereof ar change the atuoitnt of
<br />such installments.
<br />" 30. Borrower Not Released. 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 shall not operate to release, in any manner,
<br />the liability of the original Borrower and Bormwer's successor in interest. Lender shall not be -required ta- commence-
<br />. proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the" sums
<br />secured 6y this Mortgage by reason of any demand made by the original Borrower and Borrower's successors in interest.
<br />I7. Forbearance by Lender Not a Waiver. Amy forbearance by Lender in exercising any right or remedy hereunder, or
<br />_ otherwise afforded bg applicable law, shall not be a waiver of ur preclude the exercise of any such right or remedg.
<br />The prceurement of insurance or the paymem of taxes or other liens or charges by Lender shall not be a waiver of Lender's
<br />right m accelerate the maturity of the indebtedness secured by this Mortgage.
<br />12. Remedies Cumulative. .All remedies provided in this Mortgage are distinct and cumulative to any other right or
<br />remedy under this Mortgage ar afforded by law nr equity. and may he exercised concurrently. independentty or successively..
<br />l3. Successors and Assigns Bond: Joint acrd Several LiaM7ify: Capfio[ss. The covenants and agreements herein-
<br />contained shall bind, .and the rights hereundershall inure to; the respective.successors and. assigns of Lender and--Borrower, - "_ -
<br />subject [o 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: tb-
<br />interpret or define the provisions hereof. - -
<br />14. Notice. Except for any notice required antler applicable law is 6e given in anotfier manner (a) anynotice to
<br />- 6ormwer 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; atid~.
<br />• (b) any notice to Lender shall be given by certified matt, return receipt regnesled, 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 />Marigage shall be deemed to have been given to Borrower ar Lender when given in the manner designated- herein. "
<br />1S. Uniform Mortgage: Governing Law; Severabi8ty. `this form of mortgage combines uniform covenants-for national
<br />use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument eoveung
<br />- real property. 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 ar the Note convicts with applicable taw, such rnnflict shall"not--affeM
<br />other provisions of ±hfs Mortgage er the Nele which ran he given effect without the conflicting provision, and to this
<br />end the provisions of the biortgagc and the Note are declared to be severable.
<br />16, borrower's Copy. Borrower shall be furnished a conformed copy of the Note and of this Mortgage at the time .
<br />of execution or after recordation hereof.
<br />17. Tnmfor of the Property; Assumption. !f alt 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 Mortgage, (b) the areatian pf a purchase money security interest far household appliances, (c) a transfer by devise,
<br />descent or by operation of law upon the death of a joint tenant or fd) the grant of any leasehold interest of three years or less
<br />not containing,an option to purchase, tender may, at Lender's option, declare all the sums secured by this Mortgage to be
<br />'rmmediately due and payable. Lender shall have waived such option m 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 an the sums secured by this Mortgage shall he at such rata as Lender
<br />sha71 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 />obligations under Phis Mortgage and the Note.
<br />tf Lender exercises such option to accelerate, Lender shall mail Burrower notice of acceleration in accordance with
<br />- pazagraph 14 hereof Such notice shalt provide a period at net less than 30 days from the date the nutter is mailed within
<br />- which Harrower may pay the sums declared due. if Borrower fails ra pay such sums prior to the expiration of such period,
<br />Lender may, arithaul further notice ar demand on Borrower, invoke any remedies permitted by paragraph 18 hereof.
<br />Nt>rt-llertrotets[Coveu.~ttTS-. Borrower and Lender further covenant and agree as follows:
<br />_ _ ltl. Accekratioa:. Remedies. Except as provided. ie-paragraph 17 hereof, upon Borrower's breach of any covenant or
<br />ageeewe^tof 6arwwer in This. Mor1lRaRe,inclitd^R the covenants to pay when due any sums secured by this Mortgage,
<br />Levier prior to aceekratioq shah: mail nolke fo titrrrower as provided. in paragraph 14 hereof specifyiwg: (1) the breach:
<br />- - ~) the action required 7o curt such breach,-(3) a, date,-,not kss than 30 days from the date the notice is ma8ed (o Borrower,
<br />~bY rrhkh such breach rotor he euirrdt.aai (4)-.chat: fa8sgc to cure such breath on or Iteiore- the- date specified in the notice
<br />[way rewtit M accekratirm of the suety secured by [his Alorfgatte, foreclosure by judicial pnsceedissg and-safe of the Property.
<br />1 'T-e ^Mlce Y[all fyrtYer inform AosruwYr of the right tu-reit[sfatn after. acceleratbn and"the right is assert in the forechsure
<br />~ praeeahsg the ae.-sxiiuwcc of a dettirlt or rny~ other tlefe~e o(. Borrower to aceekratian and fureelosurr, if the breach
<br />_i+wot r^rei o^ or before the dace spegilkiin tlst mriice, l.enierat"l.e[[der's option-may declare all of the sums secured-by
<br />this M^ryge to be unwedialely dua:aad' payablt. without-further-damned and. may. foreclose by judicial proceedngg. Lender
<br />sYaN k en[Nkd b edkct iw sorb proceedlst«aB~exprwsess of foreclosore, includhgt, but nw fimNed to, costs tf documentary
<br />- eriMare, ahstncb awl INk rrgstrrts,
<br />..- lt. Rartows,rs IYigM to Ralt~sltale, Na[withs[anding Lender's aeeclera[ion of the srtms secured by tltis Mortgage.
<br />Aarrow•crshall have the 'igM to have any ptactcdings begun by Lender tx± cnfarne this Mortgage dlseanrinued at any time
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