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<br />~2 -°-- t I ~ 1 ~(l9
<br />Lm~r's written sgtcement or agpticable Taw. Harrower shall pay the amount of aIi mortgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />Any amaw:rs disbursed by Lender pursuant to this paragraph 7, with interest thereon, shall become additional
<br />indebtedness of Bocrowtr secured by this Mortgage. Unless Batrawer and Lender agree to other terms of payment, such
<br />amounts shall 6e payable upon trotice from Lender to Borrower requesting payment thereof, and shall hear interest from the
<br />dots of disbursement aY the rate payable. from time to time on outstanding principal under the Nate unless payment of
<br />iattrresi at such rate would be contrary to applieab}e law, in which event such amounts shad bear interest at the highest rate
<br />perittisabltunder applicable law. Nothing contained in this paragraph 7 shalC require Lender to incur any expense or take
<br />any action hereunder.
<br />& ItNpecboa. Lender may make or cause to be made reasonatle entries upon and inspeciians of the Property, provided
<br />that Lender shag give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Gender's
<br />interes2~in the.Prtrperty.
<br />9. Coedemaa8oa. The proceeds of any award ar claim for damages, direct or cansequentiah in connection with any
<br />condemnation ar other Making of ihz Froperty, or part thereof, er for conveyance in lieu of condemnation, are hereby assigned
<br />and shall be paid to Lender.
<br />In the event of a total taking of the Property, the proceeds shall 6e applied to the sums secured by this Mortgage,
<br />wit7r Fhe 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 6e 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 sums secured by this Mortgage immediately prior to the date of
<br />taking bears to the fair market value of the Prapa; ty immediatzty prier ro the date of taking, with the balance of the proceeds
<br />paid t0 BOrmweF.
<br />If the Prapetty is abandoned by Borrower, or if, after notice by Lender to 8arrovvzr that the candemaar offers to make
<br />an award ar settle a zlaim for damages, Harrower fails to respond to Lender within 30 days after the date such notice is
<br />mailed, Lender is authorized to ca[iect a~rd apply the proceeds. at Lender's option, either to restoration or repair of the
<br />ptnperty or to the sums secured bu this I fart¢age.
<br />Unkss Gender and Borrawtr atherv ire agree in writing. any such appiicatiart of proceeds to principa3 shall not extend
<br />or posrparx the due date of the monthly •rnstatlmtnts referred Ee in paragraphs 1 and 2 hereof ar change the amount of
<br />stxh irrstaiitraeata.
<br />19. 74orrower ?gut Relsased. Extension of the time for payment or modification of amortization of the sums secured
<br />by this Mortgage granted by Ixtrdtr to env successor in interest of Harrower shall nai operate to release, in any manner,
<br />the habiliry of the original Borrawtr and Borrower's successors ir. interest. Lender shall net be required to commence
<br />proceedings against. such successor nr refrtst to extend time foe payment ar athenvise modify antastization of lire sums
<br />secured try this Martgagt by reawn of ang• demand made by :he original Borrower and Borrowers successors in interest.
<br />tl. Forbsar>NCe by C,ender Nat a Wainer. Any fnrlxarance by Lender in exercising any right er remedy hereunder, or
<br />otherwise affordeal-ht' applicable Taw, shall oat he a waiver of .ter preclude the exercise of env such right ar remedy.
<br />'Tltt procurttnent of ituvranct ar She payment of razes ar ether liens er charges by Lender shall not he a waives of tender's
<br />right to aeteieratetha maturity of the indebtedness szcttred hY this Mortgage.
<br />C2. Ctatteedies Camarlatire. All remedies provided in this Mortgage etc distinct and cvmttlative to any ether right ar
<br />remedy under this Mortgage ar afforded by Taw ar equitb•. and may he exercised concurrently, independently or successively.
<br />l3. Saaestsotr a~ Aat~lexs Bannd: Taint and Several Liabality; Captions. The covenants and agreements herein
<br />cantaitxd shall bind, and the rights hereunder shall inure ta. the respectivz ssaccesutrs and assigns of Lender and Borrower.
<br />subject to the provisions of paragraph i? hereof. Ali covenants and agreements of Borrower shall he joint and several.
<br />The captions and headings at the paragraphs c±f this ~fnrtgagt arc Eor convcnicn^,t r~nly and are oat to ht used to
<br />interpret ar define the previsions hertaf.
<br />24. Nrrtiee. 73xcept far any notice required under applicahlt Taw to i+e given in another rnanncr, fal any notice to
<br />Harrower providtxl for in this Mortgage shall 1'n given by mailing such notice by certified mail addressed to Harrower at
<br />tht Property Address of ai such tither address as Barr7wtr may destgnatt l+y notice to i.znder as provided htrtin, and
<br />[bl any online to E.tndtr shalt he giver. h} certified mail, return recctpt requested. to Lender's address stated herein or to
<br />stetlr other address as Lender may designate by notice t.+ Borrower as provided herein. Any notice provided far in this
<br />'viartgagt shall lze deemed to have beers givtn to Barmwtr or i,znder when given in the manner designated herein.
<br />15. Uniform Mort~et Governer f..awt Severabrlity. This farm cif mangage combines uniform covenants for national
<br />use acrd narruniform cnvenartis with limited variations hc• jurisdcctian u> cornstnute a uniform stcurrty instrument. covering
<br />neat property. This Mortgage shalt Cse governed by she S.^.w of the jurisdiction in which the Property is located. in the
<br />event that any provision or tTavse of this Martgagz c?r the Nnte conflicts with applicatsle law, such conf}ict shall oat affect
<br />ether ptavis[oas of ihrs Mantgage ar the Nate whic6r can be grvcn effect without the contlictiag prcrvixion, and in this
<br />rod.. the provisions of the Mongagt and the 'pare arc declared to ere severable.
<br />26. llareaxe,er's Capy. Bormwtr Fhall be furnishew' a conformed cagy of the Note and of this Mortgage at the time
<br />of exrctuianor after recordation hereaF.
<br />17. Trarrfer of tlt PtopesSyt Aasamption. 7f all or any part of the Property or an interest therein is sold ar transferred
<br />by Barttrwer without Len~r`s prior written consent, excluding fa) the creation. of a lien e>r encumbrance subordinate to
<br />this Mortgage, fb1 the creation of a purchase rtwtrty see;urity interest fat household appleances, fc) a transfer by devise.
<br />descctetcer 6t' operation of lain upon the death of a ;oint tenant or (d; the grant of any leasehold interest of threx yzars or less
<br />root containing an option ta. purchase, i~ent~r may, at lsndcr's optran, declare alt the sums secured by this Mortgage rn be
<br />ttmtediairly dun and payable. Lrttdtr shall have waived such option to accelerate if, prior to the salt or transfer. Lender
<br />and the pcrsixt to wham the .Property is to be sold or translesrtd reach agreement in writing that the credit of such person
<br />is satistactary to Lender atsd that the interest payable an the sums szzurtd hp this Mortgage shalt ht at such rate as Lender
<br />sfia3Cregtceat, If l.tndcr has waived six option to accelerate provided in this paragraph 17, any tf Borrower's sttuessor in
<br />intetestlras rattcufed a written assvmptiatr agreement accepted in writing by Gender, Gender shall release Borrower from all
<br />obligatiatts under this Mortgage and the Note.
<br />If L.tttdcrextrcises sve6 alaion fo aca.~elerate, l.entaer shall mail Harrower notice of acetleration in accordnnct with
<br />paragraph i# heron€. Sutlraotu,r stroll provide a period of not Tess than 30 days from the dais [ht notice is rnailed within
<br />which Borrtawtt may pay the sums deleted due. if Borrower Fairs to pay such sums prior to the expiration of .satlr ptriad,
<br />Ltoder may, witho:rt further notice or demand on $csrrower, invoke any remedies permifttd fly paragraph S g hereof.
<br />No:~-Urtttxattt Cov>:xaars. Borrower arxJ Lender further saversant and agree as follows:
<br />45. Are lteaa~a. Fata~rpt as pram is pra~rstph l? hereof, open Borrower's breach of any revenant or
<br />aBirseaeerrt Qf:fllnrrax.et is tl+ig. Alorytta¢e, IrtclaediwR ttte cav+craants to pay acbest doe any soma sernred fry fhb Mortg~te,
<br />L.eaisr Mira to actektatbe sisal[ natlcv La Borrosru as ptorddcd ire paragraph 14 hereof specifying: Ti) the breach;
<br />(Z) the attlew regyri~sd b cue sficlti bax~areLit f31 r date, amt less shoe 3® drys from the date the notice is mailed to Ttorexewcr,
<br />by +rYict+ reels brerclk ame~'ise ci:rcd4 and Yd} t fal]sarre w corn sash breach or ar brfors time date spscifisd in the notice
<br />may resale m aecekftrslus of tee-uyrns r:eavrxd isytls~ Mortgage, farstYasrre b3' jnditi~.: paon~^edi~. and.s~s of the Property.
<br />Il~r oaticR stsril tartlKr lid'+trsa harrower of the right w reie afier tad the rgtlN io a~rrl in the fornrlosurs
<br />prr+serdlaq t>9e rtrro-eiYt3esce of : StfatefY ~ swy other dcisase of lzorrowra to aecxferrtkra sad forrclasetre. ft the breach
<br />tm eat rtereA on <rr bsf+ue the dies specified m the natter, Littrderrt txmkr's option treat' declare adl r>f lice slams secured. try
<br />~it¢is N'ort~t to ix lmmeda~efy alas aad paypAlttwithant farther rleanaad arsd rrzay far+reiorp -.:s- r.,w'.-:a0 ptnterdi~. Cntndrr
<br />t'b~tbe eatitkd to collect ir.:. sactspratst~isgl r~:exge~tsof forerha,art,. lntlt, feet riot lionised do, casts of dotnmentrry
<br />evidleect, aJistr9cte ~ stale ta~oe'~
<br />19, ~twwme's t for ~a Ntt*,witF:stac,ri,rtg l.tneler's acctieratian ief ;frc aroma. sts:urtd h}• ttrrc Mongagc,
<br />$aa roavu FhsYl ,have ttx %i~pt to lx¢vr airy p: octcd:+tgx iscgun by i..esxder to enforce aha~c Mattgagc d+`scentrrrvrd at an'y' tirt9a
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