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<br />R~.:... 005799
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<br />Lender's written agreement or applicable law. Borrower shaU pay the amount of all mortgage insurance premiums in the
<br />manner provided uncler paragrapb 2 ~t.
<br />Any amounts disbuned by Lender pursuant to this paragraph 7. with interest thereon. shaU become additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment; such
<br />amoun19 shall hepayahle upon ootice from Lender to Borrower requesting payment thereof. aod shall bear interest from the
<br />date of disbursement at the rate payable from time.'to time on OtUslandlogprincipal under the Note unless payment of
<br />interest at such rate would be contrary to applicable law. in which event such amooots shall bear interest at the highesrrate
<br />permilSible ooder applicable law. Nothing contained in .this paragraph 7 shaU require Lender to incur any expense or take
<br />any action hereunder.
<br />&rillpecllou. Lender may make oreause to be made reasonable entries upon and inspections of tbe Property. provided
<br />mat Lender shalf give Bon-ower notice priOr to any such inspection specifying reasonable cause therefor .related to Lender~s
<br />interett in- the .Property.
<br />9. Coedemnaficm.. The proceed, of any award or claim for damages, direcr or consequential. in connection -with any
<br />condemnation or other taking of the Prope-rty. or part thereof. or for conveyance in lieu of condemnation. are hereby assigned
<br />and shall be paid to Lender.
<br />In the e,'ent of a total taking of the Property. the proceed. 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. unless, Borrower and -Lender-
<br />otherwise agree in writing. there ~haU be 3.p-plied to the sums. secured by this Mortgage such proportion of the - proceeds
<br />as is equal 10 that proportion which the amoun( of the sums ~tTred by this Mortgage immediately prior to the date of
<br />taking bears to the fair market valuc of the Property immediately prior to the dltte of taking, with the balan(."C of the proceeds
<br />paid to Borrower.
<br />If the Property is abandoned hy Borrower. or if, after notice oy Lender to Borrower that the condemnor offers to make
<br />an award or settle a claim for damages, Borrower faHs' to respond to Lender within 30 days after the date such notice is
<br />mailed. l...ender k authorized to colJect and apply rhe proceeds., at Lender's option. either to restoration or repair of the
<br />PrOptrty or to lhe sums secured by thts ~fortgage.
<br />Untes..~ Lender ~md Borrower othe-rwi,*" agree in writing, ~lOV such application of proceeds to principal shall not extend
<br />or postpone the due date (If the monthly installments referred 10 in paragraphs 1 and 2 hereof or change the amount of
<br />such installments..
<br />Ie. Bcno~!'" Net R~ E1{!-en~km of !h~ time (or payme~t or modification of amoni?.a!ion af the sums secured
<br />by this Mortgage granted by Lender to any suc\:cs-:\or in interest of Borrower shail not opera.tc to release. 1n any manner,
<br />the liability of the original Borrower and Borrower'~ Sth..'t:essors in interest. Lender "hall not he required to commence
<br />proceedings againJ( such success-or or refu'ie h1 extend time fo-r payment or otheyV/i~ modify amortization of the sums
<br />secured by this MQi'1gage by reason ('If any demand made b~' rhe original Borrower and B(UfOwer's successors in interest.
<br />11. p~ by I.emfer Not a WaivPr. .-\.ny forbearance hv Lender in exercising any right or remedy hereunder. or
<br />olheril"ise aJforded. hy applicable law, 5.hall not be a wai\'cr 0f or preclude (he exercise of any such right or remedy.
<br />The procuume-nc of insurance or the payment of taxes I:'r Nher hens or (harges by Lender shall not be a waiver of Lender's
<br />right to accelerate the maturity of the indebtedne..s ,>ecured by rhi..; Mortgage.
<br />12. Remedin CwnuJattve.. 1\11 remedie~ pr(}\,lded in this Mortgage are distinct and cumulative to any other right or
<br />remedy under rhib Mortgage ()f afforded hy law t'f equity. ,mu may he c\Ncised ;.:oncurrentfy. independently Of s.uccessively.
<br />13~ Sec-CeHOI'I'" A.IIdgas Bound; Juia' and s.evltnd r .iabilft),; ('apdons. Thr: covenants and agreements herein
<br />contained ~haU hind, 21M the righcs hereunder shaH Iflur-c to. the fl:'\pectIVt." sLll.::Ce,S('rs and ass.igns of Lender and Borrower,
<br />!!;ubjec:t to the provnion~ \,f paragraph 17 he-rt...ot "-11 ~ovenanl:i .and agfe~ments of Borrower shall be joint and several.
<br />The captions and headings of the paragraph" \,{ this Mortgage ;m~ (f'f convenience pnly and are not to be used to
<br />ifltcrp~ o-r define the prtlVl~ioO'i hereof.
<br />I.... Notke. Except for any notice required ~Jnder .:lpptkable lit'-" hl be given in another manner, (a) any notice to
<br />Borrower prov~d for in this ~('Irtgage ,..hall he given r:y mailinl! ",ul.'h not~l.'c by certified mail addres~ed to Borrower at
<br />[be Property Addres.\. GT at 'iueh (.ther .~ddre-".. ,j~ ROff01.\'l:f may de-';'lgn.ate- hv notice to T _endcr as provided herein, and
<br />fb) any notit.""""e to Lender 'ih-all be given r.y ,(t!lfied l"H.ul. return reC"C"lpl requested. to Lender's address stated herein or to
<br />"'l,.lch .other address .u Len<kr may designate to\! nntKt" h~ Borr('wcr a.~ pnwided herein, Any nmice pnwided for in this
<br />Mortgage shaH he <.Ieemed to have hcen gjv~n 1t' Borrower tlf t ~llder when given in the manner designated herein.
<br />IS. Uniform MOI'tpcf': GovuniJII La.; ,Sn-ersbDHy. Thi" ttmn cd mortgage \,:~ltl'tbin~ uniform i:()Venant$ for national
<br />use and non~tJniform covenant"> ,",-ith limited V.\iriilolHms hy Jun"d...:ti('ll ti) con~uitufe it unifoml ~ecurity instrument covering
<br />reAl propcny_ Tht~ MOTtga~ shaH he guvcfJlii'd hv t~ law of the jurisdic1i(ln in which the Property is located. In the
<br />event that any prc-vtsion \')r daw.e t~f thi~ Mortgage or the Note cnnfii(,;h ,^'hh applicahle law. s.uch confltct shall not affect
<br />('M:ber provision!! of th-i~ Mongagc (g lhe ""Ole '.\hich ~an he tiw:n cffe~{ with0ut the conflicting: provi",ion, and to this
<br />end the pn..wl'-Iom, of lhe Moftga.~ ..nd the 'ore :Ire t_kdarrd to he \c\'crahle.
<br />16. Bonow-<<', Cop,.~ Borrower ..halt hl." fUfnlShed ... cont\.'!nned ;;;opy of the Note and of this Mortgage at the time
<br />of exc.cution or aft~f fl.-,'ordation he:rc<\f.
<br />11. yl1tMfer of tile Property; AtsvmptioR, If aU I:~r any part of the Propeny Of an interest therein is so~d or transferred
<br />by Born)"..ler without l..ender's pnot wl;ttcn ..:nn'lt~nt. c1(dudinj!: !.\l thl": \;:n:al\On -of a lien or encumbrance subordinate to
<br />this Mortpae. (b) the >:ttation of a purchase money wcurity IOh::re-sl for hem-s.ehold .appliances, te) a transfer by devise.
<br />descent -t'r by ('petl\tton of law upon the dea(h of J: jomt tfOaR( or (dl the grant of any leasehold interest of three years or less
<br />not oontainins an oplion to purchase, Lender m-lty. at Lender'" ("opuon_ d-edare all the ~um5 -secured by this Mortgage to be
<br />immedillte1y due and pay.bk. Lender '\hall halr'c waived s~lJ.:h optIon 10 .tccclerate if, prk'lr to the 'l.ale or lransfer. Lender
<br />and the penotl 10' whom th~ Pr(\flert)' is 10 be sold Of transferred rea\:h agreement in '.\-'riting that the aedit of such person
<br />is sa~actory to l....endcr and that the interest p-ayable no 1he --s-um:'. secur~ My this Mortgage shall be at such rate as lender
<br />lhaIl teque$t~ Jt I.C-ndef hAS waived the option w a'Celeratc provided in this paragraph 17, and if Borrower's successor in
<br />interest has executed a written U<iumption agreement accepted in writing by Lender, Lender shall release Borrower from all
<br /><>ltIlIatiQM under tbis MortgOf,C and the Note,
<br />If Lender excrdses -such Opt ton to ac.."'elen.te, Lender shall mail Borrower notice of acceleration in nccordance with
<br />paraaraph 14 hem."'!, Such nutke \hal1 provide: a period Qf not less than 30 days from the date the notice is- mailed within
<br />wfUch Borro,,:<<:r may pay rhe sums dedar-eu. due. 1f B01"-fu'I4'er f~lils 10 pay such SUO'S prior to the e~piration nf such period,
<br />l.ender may, ""lttwut further t\04:K:e or demand on Borrower. 1O'\fm.e any remedies permttted ny paragraph lR .hereof.
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<br />N1JN:-UNtJl'tJAM COVENANTS, Borrower and Lender- further \;;o....en;ml and agree as (()Bows:
<br />lL ~ ~ Ex<ept as provl4etlla _raplt 17 heftOf. upoo Borrow..... brea<h uf any covenanl or
<br />...- of ...........;" lIoIs Morllalle.. im:ladIJlI tn.- <on......" tu pay when dm any .n.... ".VM by Ib.. Mor1tI.....
<br />.......,...., ,,"~ohaIllISIIiI......... to Borrow.... u prn._ in p."'lrapb 14 h~ftOf ......ifyi...' (l) the bmlcb,
<br />c.udl!O ..... ~ fb __ -.lIl>nolclt: (3) . ~ nnt """ lhan 30 day. lrom tlM! dat~ tlM! notke is maikd tn Borrower.
<br />.., .......... .......... JIMIat"" t'lI!mIl...tI (4) that fall_ to c...... ._ .......d' on or W.... 11M! d.te specified In lhe nntlc~
<br />""*IJ NIlliIUIi ~of the _ _""" by tIrio ~. fur~do..... by jndicla! p........l... .nd ..... of lhe Properly.
<br />"""'.IIliiln.... ....""_ a...-.. 01 the rlllht ... ........ .ft~r ""c_ion and tho rlaJtt tn _ m tbe IOftd.........
<br />........... .... .~.. 01 .. """""" Dr _" ..t..... defe_ ..r Bon.....'" to .....<~~ and lorerloav.... It the .......d.
<br />10_......... <<,,",,- the ...'I*'lIIed I.. the _I<<, I~r at 1.'_<'0 optlcm may ckrla... aU ul tlM! sums _VM by
<br />...........IIe ~y"'" _lli!I<o ..ltbmri f_1rK domand and may lu..."""'" by lvdiclillpro<-..dl.... I..,_r
<br />_lie fIIIllhNI.. ...-0.;" _Il ......HOtlto& 011 n~_ of foror_.... ....Iudlac. but not IImlwl to, <_ of d""v_t1I....y
<br />....... """"'"*... .tIlk> ....-..
<br />tti ................to ............ Ntltwith-lI-tand~"lt teOOeJ>~ <lC4.:dcu-i:lc'I-fl 1-:\-f th-e s-ums 5~'_Ul:ed hy this. Mtlrtgzt~e.
<br />~- ~ ..~ the rlJttl it! MW any- pN)C-ftdf6J~ -bt-tun h)t f.endtr 10 cnton.:'C thl\ MtH..tga~ ...1-ti\,.'l.lnti(lued at any tlme
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