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<br />83- (jQ6200
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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 disbursed 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, stich
<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 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 shan 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 llpon and inspections of the Property; 'p~ovided
<br />that Lender ~hall give Borrower notice prior to any such inspection sped fying reasonable cause therefor related to Lender's
<br />interes.t in the Property.
<br />9. Condemnation. Tne 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 assjgn~
<br />and shall be paid to Lender.
<br />In the event of a total taking of the Property. 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, unless Borrower and Lender
<br />otherwise agree in writing. there shall be applied to the sums secured by this Mortgage such proportion of -the proceeds
<br />as is equal to that proportion which the amount of the sum" secured by this Mortgage immediately prior 'to the -dale-of
<br />taking bears to the fair market value of the Property immediately prior to the date of taking, with the balance of the proceeds
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower, or if. after notice by Lender to Borrower that the condemnor offers- to make
<br />an award or settle a claim for damages, B0rrower fails to respond to Lender within 30 days after the date such notice-, is
<br />mailed. Lender is authorized to collect 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. any such application of proceeds to principal- shan not-extend
<br />or postpone the due date 0f the mDnthly installments referred to in paragraphs I and 2 hereof or change the amount of
<br />such installments.
<br />10. Borrower Not Released. Extension of the time for pnyment 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 Borrower's. Sllccessors in interest. Lender shaH not be required to commence
<br />proceedings against such successor or reftLse to extend time for pa\'ment or othery..ise modify amortization of the sums
<br />'iecured by this Mortgage by reason of any demand made hy the original Borrower and Bl")rrower's succes.sors in interest.
<br />n. Forbearance by Lender Noi a Wah'er. Any forhcarancc hy Lender in exercising any right or remedy hereunder, ar
<br />otherwise afforded by applicable iaw. shall not he a waiver or or preclude the exercise of any such right or remedy.
<br />The procurement of insurance or the payment ~lf i:l\Cs. or other lien:-; l\r charges hy Lender ..,han not he a waiver of Lender's
<br />right to accelerate the maturity of the indehtednc<.;s ...cctln:d hy this Mortgage.
<br />12. Remedies Cumulative. All remedies pnwided in this \.1ortgagc are- distinct and cumulative to any other right or
<br />remedy under this Mortgage or afforded h\' law ~\r equity, ;lnd OlaV he exercised concurrently, independently or successively.
<br />13. Successors and A~igns Bound; Joint and Sen~ral Liability; Captions. The covenants and agreements herein
<br />contained shall hind. and the rigJ~i:s hereunder ..,hall inure 10. lhe respective successors and assigns of Lender and Borrower.
<br />subject to the provisions {)f paragT;.\ph 17 hCh~of All i.:oVen:l!HS and agrecment~ of Borrower shall be joint and several.
<br />The caption:!' and headings of the paragraph" of this Morlgagc ilre for convenience (\Oly and are not to be used to
<br />interpret or define the provi~ions hereof.
<br />14.. Notice. Except for any notice required untler applicable la,^, 10 be given in another manner. (a) any ootice to
<br />Borrower provided for in thi" Mortgage 'ih~lil Ix- gwcn hy mailing "uch noticl' hy l'cnified mail ~Iddres~cd to Borrower at
<br />the Property Addre~s or at "~;ch other addre..... as Borrd\',-'cr may de;,ignatt by notice to Lender as provided herein, and
<br />(h) any notice to Lender "h.lll he gIven 11:.' ..:.crtitled m~-lI1, rC[Hrn r~Ct'irl rC4uestcd, to I.ender's address stated herein or to
<br />such other address as Lender may dc..ignate ~\ notice to Born~wcr as pr0vided herein. Any notice providetl for in this
<br />Mortgage shall be deemed 10 have ~('n glv('n to Born)v.cr ,~r I ender when given in the manner designated herein.
<br />IS. Oniform Mortlage. Gmiemin~ La~: Sen.rabilil~-". llli, form ~)f mortgage c0mbines uniform ,.ovenants for national
<br />use and non~uniform .;ovenanl<<, v.ith limircJ \'ari'-iti~)ns hy juri"dl'lion to c(lflstitUle .\ uniform security instrumem I.:overing
<br />real property. This Mortgage ..hi.lil Ix glwcrne-d h\ lht' b\\ or tht:- !uri...dICIlon in which the Property I" located. In the
<br />event that any phwisjon ~)f dau'ic (l[ Ihi" Mongage_ nr tht: ~~)fC (,lnllich \\-llh applic~blc law. such conflict shall not affect
<br />other provisions \If this. Mongagc or lhc ~O\C whidl ;,:;-In ~~ b!lv(:n cfl'C'I.:t \...ithollt the conllk.ting provision, and to this
<br />end the previsions of the Mortgage Jnd rhe '\;o1t' ;in~ declared \p be ~c-vcra.hle.
<br />16. Borrowu's COP)_ Bormw....r ,hall ho;- fmnl<.;hed ;1 (onlom)(.'d :..'(\py of the Not~ and of this Mortgage at the time
<br />\.If c"t'(:ution or after rL"Cordation here.)f.
<br />17. Transfer of the: Proper1~.: A&\umpliou. If all or any pan t)f the Pn,peny or an inte[est therein is sold or transferred
<br />by Borrower withl.')llt Lender's rrit)r written \.'\Hhl.:llI. (',\.eluding (al the creation of a lien or encumbrance subordinate to
<br />this Mortgage, (b) ~hc \;rc.ltiotl 1)[ .\ pl.ln.:hi.tsc nh'llcy ~e(urit)- mlert'st [or household appiianc~s. (ci a lrans.fer hy devise,
<br />dCM:COl or by oper.nioll \)1' la\\ upim Ihe dc"rh ~)f ;\ ioinl lcnum 01 id\ Ihe gf<WI l,r any lc.lschold interest of three ycar~ or less
<br />not containing an option to purchase. Lt.:od(':! mo.l}, at L~.'ndcr', ,.)ptl\~n. deda!"c ;lil the ~llln", se,l.:urcd hy this Mortgage to be
<br />immeJialcly dut: and payahle. l.....ndcr "hall h;JVC \~.lIVCJ \l!\..h ,)pIlOn 1\\ ;l(cctcro.Hc d. prior to the ;;ale O[ transfer. Lender
<br />and the person to \\-'hlc)Ol th~ Propcrt~ i" 10..1 fx: ,\)Id (~r transfL'lTCO readl ;lgrC-l.'HlClll 1[1 \\:riting thaI the credit of such p~rson
<br />is satlsfactury 1\1 LCllder and Ih~H the interc;,>t pay,'lhlc ,m Ihe 'Ul1h <,\.'"('url.~d h)- lhis Mortgage shall be at such ratc 3<; Lender
<br />shall reque.\.t. If Lender has. waivcd tlk- opllOn !o a-.-:....d..:rdk pwvidctl 111 this paragr;.iph 17. and if Borrowcr's suC\x'ssor in
<br />interest ha~ executed a written assumption agreemellt accepted in \\ ritmg hy I.cnder. Lender <;;h~llI rele~l."c Borrower from all
<br />obligations under this Mortgage and the Note.
<br />H Lender exercises s,uch option [0 ac....der..\k. l.l.'n~kr ...hall mail Bo[w'\.\'cr notict: of accc!cr:.Hioll in :lu:ordancc \\-'ith
<br />paragraph 14 hereof. Such notice "hall pnwide a r~cri(\J 01' rh..lt Ie$.:'> than ~O days from Ihe date the nOlice is mailed wilhin
<br />which Bt"lrn.,wcr may pay the sums declarcJ due. Ii Borto\\cr fad:. '\1 pay s(!(.:h -;tlm~ prll)l hI Ihe l'xpir<l.tl\)n t>r "'u....h pc-riod,
<br />Lender may, wi_hout further notice or demand 00 BpI ro\h~r. m\.~kc ;Ul) I<.:m~dic\ pcrrntttcd hy paragraph I ~ hereof.
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<br />NON.UNIFORM COVE!,>;'\j'o;TS. Borrower .and I.ender further l.\~\(':n;:IlH anJ .lgrc(: a~ 1\~l1ow:.'
<br />18. Accrleration; Remedies. E.'uepi as pro\:idtd in par~raph t7 hen'of. upon Borro\\-cr's breadl of Hill con-nanl or
<br />.reement of Bor,.ow~r in (his ;-.lo.rtKage-, indudilll the I.'on.nunt.... to pu,;- when due ~Ul~' sums st'curf_d b" (his ;\-IortR~c~
<br />Lender prio,- to acceleration shall mail "otiet to Borrower 3!oi pru~idt'd in paru2raph 14 tU:fcof specifying: (1) the breach:
<br />(1) the aetM" requirw. to 4:ure such breach; (3) a dale. nol I\'$.\ than JO da~'s hunt the date tll... nodct' is mailed to Borro,"'ct.
<br />by whkh such brt'ath must be cured; and (4) that failure to {'ure \u('h breach on or before the dat~ specifi~d in the notice
<br />may result in acceleration of the $tun~ secu(ed b} tbi-s Morfl3Rt', fOC4,.'-c,'lo:!'urc h,) Judicial IJoot.'t:edina;, nnd sale of Ihe Property.
<br />TIlt notice shall further inform Borrowt'( of the- right to reinstate afttr .acceleration and tbe fi/.l:h( to ils.')crt in the for'cclosurc
<br />prote:ediftl the Ilon-exu.tenu. or a dt-f>>uh ur an) other deft"n~c of Borrowe-r to 3t.....'denu,ion and foreclosure. If tb~ breach
<br />is lKtt c-QRd Oon ur '"'fore thl' date spedfh..d in HIt' noak,,',> I.cndn lit Lender'" option mil) declare all of the ..urns secured b~
<br />tld, AIo-rtP&~ fa tw imm~d"tdy due and pa)ubJe \\-ilhHut furth(f demand and IUS) hH\"d{~e b.\ judidal prOl..'-eeding. L.ender
<br />~t&:aIJ be ~fl.tJtkd 10 t.'olle-d In sU<'h pru,.rtding all ("1t:pell"\.t',;. of fOfeflQsure. indudiog. hut not limited 10, {'mots of donnncntaQ
<br />...Idcn.., abs1n1<'" and IItit' ",....rts.
<br />19. JlGrnnlt"ri Riebt tu Rrinstat(>~ N\:1tv.hh~tamhng lender\ ;tr<:ckratltlf1 d tilt: 'olln1'- ,~~...un.'d by Ill}'. ~t.)!tg.I.gC.
<br />&lrr-owef ";;h;dl have the tight tH h~lVt: an) pn.;~:\.'cdjng" ht'itl'n h) Ltmde: h' ~:nh~r~,-c rhi'> \h1Jlg.Ij:;c dis....IJlllmm:J .It ~l!l~ lIme
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