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$2'--~1~2335
<br />Lccder's writtrn agtt6ement orapglieable law. Borrower shall pay the amouna of all mortgage insurance premiums in the:
<br />manner providtid..under pazagraph 2,hereof.:..
<br />Any amounts disbursed by I:ender pursuant. to this paragraph'7, -with interest thereon, shall become additional'
<br />indrbtedtress or Barrpwer secured by this Mortgage. ,Unless Borrower and Lender.agree to other terms of payment, such
<br />amounts shall be payable upon: notice from: Lender toBorrower; requestingpayment thereof; and shall bear interest. from the
<br />date of disburxment at the me payable from time to time on otttstanding principal ender the Note unless payment. of
<br />interest at such rate would be contrary to applicable'iaw, in' which event'such amounts shah bear interes£ at the highest rate
<br />permissible urfder`applicable law: Nothing: contained is#his paragraph 7'shall'require L,entier to incur :any: expense or take
<br />any action hercuitder.`
<br />S. Jtea~eetloe: Lender may make or cause to be made reasonable entries upo» and inspections of the Property,provided
<br />that Lender shalt give Borrower notice prior to any such `inspectionspeeifying reasonable souse therefor related 20 tender's '
<br />interest in Ihe'Property.
<br />9. Cundetprrllon. Tlie proceeds of any award or claim for damages,. director consequeniiaG in connection with any
<br />condemnation or other taking of the Properky,prpart thereof, or for conveyance in lieubf'condemnation, are hereby assigned
<br />and shall be paid to' Lettder.
<br />In the event of a total taking of the Property; the proceeds shalt be applied to the sums[ secured°hy this Mortgage,
<br />with the excess,. if any, paid 4o Borrower. In the sventof a partial taking of `the Properly, unless Borrower and Lender
<br />otherwise agrce id writing. there shall be applied"to the sums secured by° his Mor¢gage such proportion of the proceeds
<br />as is equal to that proportion which the amount oP the sums secured by this Mortgage immediately prior to the flare of
<br />taking bears to the fair market value of :the Propertyimrnediatefy prior tothe dateof taking,. with the balance oftheprnceeds
<br />paid to Borrower
<br />If the Property is abandoned by Borrower, orif, aftecnotice by Lender to Borrower thatthe condemnor offers to make
<br />an award or settle a'claim for datnages, Borrower fails to respond to Lender within 30 days after the date such notice is
<br />mailed. I:endtt is authorized io collect acrd apply the-proceeds, at Lender's option; either to restontion' or repair of the
<br />Property or to thesnms securedbylhisMOrtgage;
<br />Unless Lender and Borrower otherwise agree im writing; .any such application of proceeds to principal shall trot extend
<br />or postpone the due date of the. monthly installments<referred to im. paragraphs hand Z hereof orchangc the amount of
<br />such installments.
<br />le. liorro.rer Nor Released. Extension of the time for payment or modification of amortizatianroE•the sums. secured
<br />by this Mortgage granted by-.Lender toanysuccessor in interest ofBorrawershall`notopera[e torelease, in any-manner,
<br />the liability of the original Borrower andBorcower's-successors in interest. Lenderahallnot be required tocommenee
<br />proceedings against such successor or .efuse to extend rime for payment or otherwise modify amortization of he sums
<br />s=rttred hY this Mortgage by reason of any demand made<by [fir ariginal`Borrower and Borrowers'successors-in'interest.
<br />. id. Forbearance yY bender Not a Waiver. .4ny.Earbearance ny Lendecinexercising any. right or remedy hereunder;or
<br />otherwise afforded by appiica6)e law, "shalt not be a waiver of nr preclude the exercise'of any such <right qr remedy;
<br />The ptocurement of insurance oe the payment of'taxes or other liens or charges lny Lender shall not he a waiver of Lenders
<br />right to aa:eleratr the maturitypf the indebtedness secared by`tbis Mortgage.
<br />]2. Renxdks CtrmrlaH~e, Ail remedies provided in this Mortgage are distinct and cumulative 20 any other right or
<br />remedy undrr this Mortgagr'or afforded bylaw orrquity. andmay he exercised concurrently; indepe»dently,or successively.
<br />13. Sa>ccessors and Aiir~rp Doattd; 7biat trod Several i.iaM'lify; Captlbtrs. T'he covenants and 'agreements':herein
<br />cen[ained shall bind, and the-rights hettunder shall'inure to,therapectivesuccessors and,assig»s oftender andBortower,
<br />subject to the previsions of paragraph 17 hereof, All covenants and agreetnents'aE Borrower,shale-be joint and several.
<br />The captions and headings oE(the paragraphs of this Mortgage are .or convenience-only and are not to 6e used"to
<br />interpret or define the provisions hereof.
<br />l4. Notice. Except foranv notice required under applicable las ~o be given in anothetmanner, (a} any notice to
<br />Borrower provided for in thirMortgage;shall $e;given h}' mailing such ~ofice by certified mail addressed to:BOrrower at
<br />the Property Address or at Stich other address as Borrower maydes,,<nate by notice to Lender as provided herein, and
<br />(h) any notice to Lender shalt lx given by certified mail, rentmrreceipt requested, to Lender's address stated herein 'or to
<br />such other :address as Lender may designate by notice to Aorrowcr as provided'nerein. Any notice pnjvided for in this
<br />A4,~rtgage shall be deemed to. have been'givrn fo<Borrower. or Tender when: given in tht: manner designated herein.-.
<br />1S.L?nitorm'Mbrlgage,Govertoitpj Law: SeverabQity. This-form of tortgage combinesuniform covenants fornational
<br />us.~ and non•unifotm'covenants with limited variations by jprisiiiczitin to constiutte a uniform security instrumrni:cnvering
<br />teat Properly. FhisMrrtgage hall begavernadbythe lawnFthe iurisdicnon in which theProperty is located. In he
<br />rvzn[ iha:.~,ny provisio~~ nr tlalzse otihis Ilorigagc,er-the ?Nate cstn#titts with applicable>lavr, sucb conflicC shall :not affect
<br />other pru~isions of zhis Mertgaec or the Note •xhich a:an bt:-etvea effect without the conflicting provision, and to this
<br />Cod the prov:t~:,ao the `.;ortgage and he~otcare drnaarrdrtn lxseyerable.
<br />15. Rurrtwcr's Cop.. Horrowrr'xlrat( ~a `~;rnshad a contarmed copy of the Kota and of this Mortgage at the-time
<br />et e+;c:utien ' ~ ttr r recordatton hereof-
<br />. 17. Trabsfrr of the Proper[.: _lswumplitai. If aJl nr any. part of the Property or an interesC:therein issold or transferrer[
<br />6 Born,w~cr w>theur I_cndcr's nr;~r ~~r.t+c•a amt~ent,'.axcluding,fa) tha~-creation of-a lien or-encumbrance subordinateto
<br />this .Lfortgabe_ tbl the re~tior. of ,r nu;rhace mhney,security ipteresi for household appli2nce;, <c}. a transfeP.bvdas~ise.
<br />descent or b} operation of ia~. ~.ipcn the «eatn nC a joint tenant ar td7 the. grant nfanyleasehold interest ofthreeyearsor less
<br />.tot :ontaining an option to purchase. Lcndcr mug; atd_ender~~optton, dccSare all fhesums secured by this Martgagetobe
<br />i;n:nadiatel~• due sod p-.-„b,c. t_en:l ;, a?I h.~.c waived , ~r .~}rtiooto actxlcrate~if;: prior tit: the sale nr transfer,: i.ender
<br />and the person ,ti whom the Yrop r.} _s ~:; 6e s~,lo-er tra»ste,red reach. agreement in:wrifirg that the credit oEsuch person
<br />is >misfatmr .o tends and [hat rc inters, o~, able nn the s.r:ns ccaifcd by this Mortgage shalt be a[ such rate as I_rnder
<br />- shat; rcducsi. if Lcndc b >.,r ~L ,hc ; r,i,+n b> ; ~_cieraiepmri~aed in this paragraph 27,:and if Borrower's successor in
<br />mter~st has exuuted a xr-uen assun ptler. ^~r,ement accepted.:n. ;Gnc by LenderYLendrr~shall reiease.BarrawerfYam all:.
<br />obligations undcz this Mortgage and the 1VOte_
<br />If ~eoder sccrusc,.;ch opuen a sc c,vr,r,e. l.;cnder shallmai: Sor.owern4ticeof accelerationfn accordance with`
<br />Jaragraprt I-i hcrwf_ Sa-r afire h~t I ,mvide ,, 7xzaad of »oEless. than 3p days from tht daft [ha nwiice. isosailedwithiri
<br />~a•hich Beirrew cr ;:ia7 ray the >u nx ~ eu.,^.d due.. IC uorrow;er faits ~o paysuch Sums nrior to she expiration of such period;.
<br />Lcndcr ma}', ssah,w! furihe: rou.c :~r ~temans3 •n Borrowcr,f»vol.c an}':remedies perinit¢ed~iryparagraph: 1$ hereof. -
<br />?~o~-J~.roara Cc;ve isms ,3orrowcc ;trot I endcrfurther eot~enant and agrecas fatlowsi
<br />18. Acceleration; Remedies. Except n pruridedtin p~agraph l7hereof, upvn;BOrrower's hreae6 ufa»ycoyena»t br
<br />al;reemevi of tk.rrower in this ~iurlRarr, inda,tirig:flie covenants to pay: rrbrn dueany Soros serured.:by. this ilior[gage, -
<br />Lender priori to arcrkration shall sruil nutty: ts: Bnr~esirer:.as Prasirlrtt. in-paragrrpli. 11-.leereo£~pc~afyinR: ;1) the breach;
<br />t2) [he action required to cure such breach; !11 a date, not lesfifbtati 3tP rlass front the. state the ntfHur. is rna'tled fo Borsbw'er,
<br />by which loch brtxfi must try cured; and fJl that failurr to curcsuch breach o0 orbrfrzre tlic date cpeelflad is the rtriticr!
<br />ma}- resu!} in accckrafinn of the sunrc srcured by this ~It rtRa2e, foreclmnrebl judicial prvreeding and sale of the Property.
<br />The Holier shat! further inform Borrower of the e-ilti,t t+ riuwttrtr ftc „ cele~tat'.-an and rho- right to assertln Ehe foraclosvrr
<br />prlr.•aediait the rtcn-ex islence of ~ default or any nthrr definn>e of Born,wrr to aarnderat;on abd forrctoseerr. If the breach
<br />is not cured vn ur bteforr the tlatr sprcitied is the notice, fa•nderat Lcode(s option map drr[arr alt of thraunts secured by
<br />IbiK MArtyigtC to irr imrrtediateh riot. and pa}able »-iiht+ut further tit~mand and map f,,,rc e]enre by. jud/vial prtxaediag. Lander
<br />shalt (re ent;tied to cnElecl in sva~b pro~~rruing till expense tit foceeloxurr,. ini~ludiny;, but nor Hmited ftr, rasYS ref. dur;vvterelary
<br />cridrtxc, abstra<'n anti title repons.
<br />19. Burro-per's Right to Rrire~tale,. ~:t ;thy-•:~,o,d.ng l..etad~t`+ src'ete-atsee of the n„ms necsrred Iry this ht t7rtpttl*p,
<br />`Bo:rvw cr ch. i h_ec• t ,c right tnnr car, :~ ~ rc t d,n~; t+egun by i endet:2o ..ten fa P:_e tn., 'vf ccY~a~ unroof;n, ed any tinic
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