|
<br />82--t~i~101~
<br />Lturder's written agreement or applicable Taw. Borrower shall pay the amount of all mortgage insurance premiums in the
<br />maanea pt'ovided under paragraph 2 hereaf.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shall become. sdtUtianaT
<br />indebtedness of Borrower sa:ttred by th"ss Mortgage. Unless Botrowzr and Lender agree to other terms of payment,. such
<br />amauftts shall be payable.. upon notice from Lender to Borrower requesting payment thereof, and shall bearsnterest from the
<br />dam of disbursement at the rate payable from rims to tiros on outstanding principal under the Note unless payment of
<br />fnYCCest tit such: rats wotdd be ctiMrary to applicable Saw, in which event such amounts shall 6sar interest at the highest rate
<br />permissible under applicable law. Nothing wntained in this paragraph 7 shall require Lender to incur any exp-.use or take.
<br />any actirm hereunder.
<br />$. Imo. Lender may make or cause to tx made reasor,ahle entries upon and inspcctians of the Property, provided :
<br />thax Lender shall gins. Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interext in thr Property.
<br />4. Ctrademaat-ae. The proceeds of any a+e•ard or claim for damages, dirstt ar consequential, in connection with any
<br />candemnatian or other taking of the Propert}•, or part thereof, ar for conveyance in lieu of condemnation, are herehyasaigned
<br />and shall be:paid to I:endu.
<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: ezcsss, if any: paid is Borrower. Tn iht event of a partial taking of the Property. unless Borrower and Lender
<br />ozhervvise agree in writing, there shall bt applied to the some secured by this Mortgage such proportion of the proceeds.
<br />as is equal to that proportion which the amount of the sums secured by this Mortgage immediately prior to the date of
<br />taking bears to the fair market value of the Property immediately peiar to the date of taking, with the balance of the proceeds
<br />paid to I#arrowver.
<br />If ilze Property is abandarted by Borrower, ar if, after notice by Lender to Borrower that she condemnor offers to make
<br />an award ar uuk a claim far damages, Borrower fails to respond to Lender within 30 days after the date such notice is
<br />mailed,. Lender is auzhorfzed to collecx and ap i:ty the proceeds, a{ Lender's option, either to restoration or repair of the
<br />Praperrr or to the sums secured by this Martg tgc.
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds 4o prfncipai shall noL extend
<br />or past{tone the due date of the monthly installments referred to in paragraphs 1 and ?hereof or change tfis amount of
<br />such ;narallmems.
<br />2@„ llarmwer Not 8ekasetd. Extension of the rims for payment or modification of amortization of the sums secured
<br />try rhis Mortgage granted by Lender to any sutcsssor in interest of Harrower shall not operate to release, in any manner,
<br />the liability of the origina3 Horzxtwer and rSorrawer's successors in interest. lender shalt not be required to commence
<br />prttctedings against such. successor ar refuse to extend time for payment or otherwise mndify amortization of the sums
<br />seturtd 6y this Mortgage by reason of any demand made by flit original Borrower and Borrower's successors. in inicrert.
<br />11„ Forbt~rxee by [.etstkr Not • Waiver. Atn• farfaearance by T.sndsr in exercising anw right ar remedy hereunder, or
<br />o{htrsyist. afforded by applicabTt taw, shad rat etc a waiver of or preclude the exercise of any such tight or remedy.
<br />The pracuretaent of irarssaoce ar the paytrrcnt aF razes ar nther liens ar .charges by Lender shaft not be a waiver of Lender's
<br />right ;a.acceleraiett~ maturity of the indtbtedntcs secumd by this Mortgage.
<br />YZ. Reeaetiiea easavWhe. Afl remedies provided in Chia Mortgage ate distinct and ctrmula[ive to any other right. or
<br />remedy under this Mortgage ar sffarded b9 law er equi[y. and mat' tx extresstd coneurrsndy. independently or sacceaivety.
<br />i3. Saeceaavra atad Asitaa Bontalc 3oiat and Serersd t.labiliry:, Captions. Ths covenants and agreements herein
<br />contairted shall titnd. and tltc rights hereunder shall inure to., the respsctive succevars and assigns of Lender and Borrower,
<br />subject to the pravisiotts of paragraph 17 hereof. A#I covenants and a¢rcemtnts of Borrawtr shall be joint and ssverat.
<br />The captions and headings of the paragraphs of this Atongage arc fur convenisncs arty and ors not to be used to
<br />interpret ar define the provisions hereof.
<br />14'. Notice. Extepr far any notice required under appiical+k law' to be given in another manner, fat any notice to
<br />f3orrawer provided for in this Mortgage s#tatl be given fir mailing stu:h ~atcc by certified mail addrossed to Borrower a[
<br />the Praptrty Address ar at such other address as l3arrawcr ma} designate by notice to Lsndsr as provided herein. and
<br />fb) any rtaxce to Lendee shad lee given by ccrtifttd meal. return receipt rtqucsted. to Lender's address stated herein or to
<br />such other address as i.ender may designate b} natue z,r Harrower ax provided herein. Any notice provided for in this
<br />!Nrangage shall tae deemed to have ttesn given to Harrower ar l sndtr w}aen given in the manner designated. herein.
<br />15. 1.'viforra Mosty~e; GovtrrnisR j,asr; $evesabiih• T1zis term of mortgage combines uniform covenants for national
<br />use and non-uniform covenants with limited variations M• jatriscfictian to constitute a urtifatrrt ssturity instrument covering
<br />real. property, Tfiis Mewtgage shall tae governed by the la+k• t~f the turisdattion in which the Property is located. In the
<br />event that any provision ar clause of this Mortgage ar the 'vntc conflicts with applicable law, such con#lict shall not asset:
<br />nrher provisions of this. Mortgage or the Nate which can hr 2+ven etfecr wi[hout She canflic{ing provision. and to tttis
<br />end the provfsiastas of the l4l'drtgags aced €he tiate art detiarsa to >x sevsraWc.
<br />16, iiarrowae's espy. Borrower !shall tae furnished a conformed copy of the Nots and of this Mortgage at the time
<br />of execution or after rer:ardatiaa hendaf.
<br />1T: Trustee of floe Pssperty? Assasiptiaar. Tf all os any part of the Property ar an intertsf therein is said ar transferred
<br />try Borrower witharrt I cnder's prior wriuen consxnt, txctudiag fa the creation of a lien or encumtsraacs suEaardinate to
<br />this Mortgage, fla7 the creation of a purchase mxenty security intcrsat far fio€trehald appliances. ;c) a transfer by devise,
<br />dtacent or by operation of law upao the dcattt of a joint tenana ar (tit the grant of any leasebald interest of three years or less
<br />not containitrgan azptiave to ptrrcltaae, Lender nuy, at lender's option. declare all the sums secured by this Martgagt to fit
<br />immemfiatety titre and payable. Lender shall have waived such option s;: accelerate if, prior to the salt or transfer, Under
<br />attd thx person to whom the Property is to bs surd ar transfttrtd reach agrsetztenY in writing that tk:e credit of such person
<br />is satisfactory co :Lender and that. floe interest payabtt an the sums secured by xftix Mortgage shall bt at such. rats as Lsndsr
<br />shelf rrcgtt¢st. if header has waived the option to atceisrate pravitled in this paragraph 17, and if e',trrrower's successor in
<br />intaeat bas exect#ad a writteu aaattmp rion agrtxment accepted in ur"sting by Lsndsr. Lender shall reteass Harrower from all
<br />c+bliystiasta utvkr dx"rs Mtxtgage and ~ e Mott,
<br />It Leitder cxsrta such option to atxeferate. Lsndsr shall mail Borrower notice of acctlerarion in accordance with
<br />patatpcaph l~f hereof. Sttclrnatiee shelf provide a period of nat. less than 34 days tram the dais the notice is mailed within
<br />which Hotroeaesr may pay the sursa.docfared dos. [f Barro+ver Fails to pay such sums pTiar to the expiration of such period.
<br />Lander relay, withattt ftstlier notice or dsmand on Borrawtr, invoke any remedies permitted. lr..y paragraph 13 hereof.
<br />'~iov.l~t,•crdtts ~OVtatrrt'rs. Borrower arut I.stsilsr furtfter covenant and agree as follows:
<br />ll. ~iecskrrHos~::Rssaife~.. £tsepfas.pnarfidrd..inpartgtsaph t7hereof. vpna Bnrrowst's brcsch oC am_ covenantuc
<br />aRfeeasea[d ^saarvwtr lam drib.lktu~p~te,:inelndiayf-,t9rccovetrmes to Pay wkae dam aay svwas srrua~ by flaia ;htattgtgta
<br />Leafier pier to accdrra/3ars e[~H.i+uii-ittrsics taEasraw:r as pwsWud ivpara~ray4[ IS hereof rpseifY~tRe fl) tits. breasts:
<br />t~ t(ste scsfos rn~aird to tneae tae6 breasdt: (7i a o1>aa: cot tets:thaa 3tl days From the crate the asrtirs is trtalltd to Harrower,
<br />by which sea--lrrescY ra~rt#acrre~ ~d fat tifltt-:tsTf~rtncv~re st+c6:4tdtcboew before:lLs,.daGt spetibed intht:awifec
<br />ttca,~ risrdt La accdtaratiea oaf tree sane srcuretf hY A1are: ttusclusnxc: b9' fvdicisiprncsediatfatsd sale of the Property.
<br />71N wsatior sYail fmvti.m+ &mfonv 1Serre+•ct of the tftht ra nefffifatl. offer ~ cad=the rq{hx tv assert fn xhe fntctlosvre
<br />{t~'tteiirR tbt was<s1~e~r ~,f a defasatkar;ssty os6ar-<le/eapacat 6araar~ar to sccsfertetian ataai torecloarrre:. Yt the 6rt-xdt.
<br />b acs execd oa err beforr tfir dare st~i~d,~. Yhessofiirat. I.eadn. at [.eader'sr optitis stay eleehrre :ail. of 6he ,suate secured 6y
<br />that ~.4vrfrRS,gv to imr ies+erliamde der cad payftitie wifhou! fnrLitet defrtaad asd tnay fatecAnae by jtadncfal proceedlag. I~rador
<br />- br satYW M cotS+rct to sorb pitureerf~:.ta~ etepenses ttf farrclesnrs. ~w tt»r nw t#ad3ed ti0. roamer of datvarc~ary
<br />OHAeece.,rbefraHra raa ildtr rrsp..rt,;
<br />if. lsrnawer't gf(fltt .o RmiasttNC. t<iotwixhsrandirg l,etrdcr~ .i..eltratzon ief the sums. secured h}+ this A.itxtgags.
<br />liorrar-ynea ghzi4 hxa'c'.i'ee right ,a t.+rvr any prtxsedangs tw~F '~+ t r ,dx:r a.> enforce this ?tifangags dtstaaxrntasd ae acy time
<br />
|