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<br />$2-s)CJ11$7
<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 dixborsed by Lender pursuant to this paragraph 7, with interest thereon, shall became additional
<br />indizbtedness of Borrower secured by zhis Mortgage. Lfnless Barcower and Lender agree to other terms of payment, such
<br />amounts shall be payable upon notice from Lender to Harmwer requesting payment thereof, and shall bear interest from the
<br />date of disburxembnt at the rate payable from time to time on owtstanding principal under the Note unless payment of
<br />intGrestat such rate' would be contrary so applicable law, in which event such amounts shaft bear interest at the highest rate
<br />permissible under applicable taw. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />ati}r action hereunder.
<br />& Inspection, Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that [.ender shalt give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />intertsf in the Property.
<br />9. Condemnation. The proceeds of any award c?r claim for damages, direct or consequential, in connection with any
<br />rnndemnation or ether taking of the Property, or part thereof. or for conveyance in lieu of condemnation, are hereby assigned
<br />and shall be paid to Lendex.
<br />In the event of a total taking of the Properly, the proceeds shall be applied to the sums secared by this Mortgage.
<br />with the execs;, if any. paid to Borrower. Tn the event of a partial talons; of the Properic, unless Borrower and Lender
<br />athnrwise agree in writing, there shall be aoploed to the snms secztred by rhos Mortgage such proportion of the proceeds
<br />ax is equal to that proportion which the ameuat of the sums warred by this Mortgage immediately prior to the date of
<br />taking bearsta the fair market value of the Property immediately pear to zhe date or' taking, with the balance of the proceeds
<br />paid eo Harrower.
<br />Yf the Property is abandoned by Borrower, or if, after notice by Lender to Barrown that the condemnor offers to make
<br />an award or .stttie a claim far damages, Harrower fails to respond to i_[-3su'cr -wizhir. - a„cr •he d~zt such ..^.atice is
<br />mailed, Lender os authorized to collect a*sd apply the proceeds, at Lender's option, either Ito restoration or repair of the
<br />Property nr to the slims secured by this '.iartgage.
<br />TJnless [.ender and Hnrmwer otherv ixe agme in writing, any such application of proceeds to princopal shall not extend
<br />or postpone the due date of the monthl}• installmenu referred to in paragraphs I and 2 hereof or change the amount of
<br />such installments.
<br />tU. Borrower Not Releat;e~. 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 Bnrcower shall net operate to release. in any manner,
<br />the liabiiliy of the original Borrower and Horcower's successors zn interest. Lender shall na4 tee required to commend
<br />prarx`edmgs against such successor ar refuse to extend time far payment or atherwose modify amortization of the sums
<br />secured by this Mortgage ley reason of any demand made by zhe original Borrower and Borcawer's successors in interest.
<br />11. Fwbe~tee bg L.eader ?VtN a Waiver. Any forbearance by I.cnder in exercising am' right or remedy hereunder, or
<br />otherwise afforded l'Y applicable law, shall nat. be ;n waiver crf or preclude zhe exercise of any such right or remedy.
<br />The procurement of irssuratrcc ar the paymem of texts or other liens ar chaages 6t' Lender shall not be a waiver of i.endcr s
<br />tight to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />12. Remedies Cinnnlalhe. All remedies provided in zhis Mongagc arc distinct and cumulative zo any other right or
<br />remedy under this Mortgage ar afTnrdcd try taw or equity, and mau he cxtrcrsed concurrently. indeptndentfY or successively.
<br />L3. Soccexors aad AmiRas Idoatid; 3oiat and Several LiaM7ity; Captitons. 'The ,^ovtnanis and agreements hecein
<br />contained shalt hind, and the rights hereunder shall inure fo, zhe respective successors and assigns of Lender and Harrower.
<br />subject to the previsions of paragraph 17 hercot .413 covenants and agreements of Borrower shalt t>e joont and several.
<br />The captions and hendings of zhe paragraphs of rhos ~{crrgapze are for convenience Holy and are not ro be used to
<br />interpret ar define the provisionx hereof.
<br />1i. Notiice, Except for any notice required tender applocab+e taw to be given ;n another manner, (a) any notice to
<br />Barscrwer pmvidtd far en this Martgagt shall lx: gn'en by mailing such nonce try certified mat! addressed to Borrower at
<br />the Pcopeny Address ar at such ether address as B~xrowecr may dcsegnate by notice zo {.,ender as provided herein, and
<br />fbl any notice to Lender shall ]rc given t?y ceni}ied snort. retzarn rect+pt rqutsred, to t ender, address stated herein or to
<br />such other address as Lender niay designate by nosece ro Bormwer as provided herein. Any notice provided for in tfiis
<br />Mortgage shah he deemed to have been given ro Borrower ,,r I ~•ndcr when given in the manner designated herein.
<br />i5. Unitorm btartitaLe: C.ovrritiret Law: Severab8itp. T?srs €trrm at mortgage combines uniform covenanu far national
<br />use and non-uniform covenants woth tomised variaticxrs by jt;nsdtcteon to constznite a uniform staurty instrument covering
<br />tea! property. This Mangagc shall fie governed b?a zhe Saw of rfre jurisdicuan i~n which the Properly is located In the
<br />wont that any prawiss'on or clause of this Mangage ar the Note conflicts with applicable law, such conRict shalt not affect
<br />other previsions of this 'hortgage ar the Naze which can lee grven etftct wothout i}re confiocting provision, and to this
<br />end the provisions of rite Mortgage and the Noie are dtctarei to he scveralrle.
<br />1t6. 1Rorrn»xr's GapY. Harrower shall bt fternishtd a canfntYtred copy of the Note and of this Mortgage at ttte time
<br />of execution or after recasdaiion htrarf.
<br />i7. Treader of the Property; Asarmnptisin. if ati er env pan of the Properly or an interest therein is said or transferred
<br />b}' Borrower without Lender's prior wriritrr consent, excluding fa) the creaeoon of a lftn ar encumbrance sutrardioate to
<br />this Mortgage, fb) the creaticm of a purchase money security inttresi far household appliances, (c) a transfer by devise,
<br />dcscen! or b}' operation of law upon Lire death of a joint tenant ar sdi zlre grant of any leasehold interest of three years or less
<br />not containing an option zo purchase, [znder may, at Lender's option, declare all the sums secured by this Mortgage to be
<br />irartxxloately due and payable Lender s'hali hoes waived such option to accelerate if, prier za the sale ar transfer. Lender
<br />and the person ro whom the Property is za tee sa)3 or irensferred teach agreement in writing that the credit of such atrson
<br />is satisfactory to lerxler and drat the interest payable ern. the sums secured by this Mortgage shall lee at such rate as [_ender
<br />shall rrxauest, If Lender has waived the option to accelerate provided in this paragraph 17, ant' if Borrower's successor on
<br />intarat has executed a wrtttti assumption agreement accepted in writong by ]znder, Lender shat] release Borrower from ail
<br />abkigations ender this Mortgage and ehe Norte.
<br />If I.endcr exercises such option to a:ceterare. T.tnder shall ntsi+ Borrower notice of acceteratian in accordand woth
<br />paragraph li htreat. Such Herod sltati provide a perood of not less than 30 days Pram the dart the notice is mailed within
<br />which Borrower may pay the sum i dtr;lared due. If Borrower feels to pay such sums prior to the expiration of such period,
<br />l.enaier may, without further rwti+:e or demand an Sotrawer, invoke any remedies permitted by paragraph 18 hereof.
<br />Note=UxtraR,ra. C`ovexetars. Barrawtr and Lender further covenant and agree as follows:
<br />1B. Acceierrttlnte; Retstedles. £iteept m ptrtwidtd in para>irap6 l7 hereof, upon Barrowerx breach of any coceoant or
<br />tglretment at Harrowu in this Mnrtgrge incladiteg the covttwats to pay when due aay sutras .secared by rota Aiorytag¢,
<br />1.eader.;ptinr to acceirxatton.t~all.ma~. notice to iltorrower as pr®vided ]n paragraph I4. hereof specifying: i1j the brertch;
<br />f21 the ac;ioa regare8 to case sash breach; (3l a dare, cwt irss than 3tl days tram the dde the native is retailed io Borrower,
<br />jiry wbkh vetch bctask etrast bt cared;. and fit that fat7ure to care such breath un ar before ahe date sptcifted in the notice
<br />raiy rtsaifln arcceecatioa of the turtns secured 6t' tirlx lslortgigte, foreclosure try judkiai. proertdi~ and sate at the Property.
<br />f ere rwtxe shall tatther lMarm lilorrower of the r~h1 to Minstati after acc-eeieretlan and the right to asriert in the tarrelosure
<br />pivcrwlitta the rra~lR~fcACa. of a default ar auy other defeast at Harrower to atceleratan and foreclosure. If the breach
<br />h cat cured ua rx hctore zhe dr[e sprci6edla ilex twtice, lxader at L.erxl¢r's option rose declare ail of the sums secured by
<br />nr3s xte+rtgaQr to be f y due and payalde, withoaz fnrther demand and neat' tartcMrse by jadlcial proeeedir[g. I.cndc-r
<br />shad be eoiilkd tp r„ikst la zurh procee~dltyi aft expenshs of tareclusnre,. ineludltig, but cwt llm#ed is eru~ of dotatirentary
<br />es'frleuGr. altsirtver arrdtitle repo.
<br />t4, l~rsperea'R Right &t 1tea~taie. _`~- srrzh:;t.,nding Lettdcr's accescratian of the srrnrs sccurtd by this M.i~rtgat;e.
<br />Eto -ctr~ ~4*~a~l n~a~e tise~ •6g`d ttx hayo anp prx c ~s.U, ~~~~~fn by J_~s$cz ao knforce zhis ~3orYgagc :Jaiontinutd si env tmre
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