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<br />~P~ . ~E',~c.~rdEd
<br />~2~- 0®22I2 82=~~~2505
<br />;-ender`: writIen agreement or apchcaole late. Borrower shallpay the amount of aft mottgageinsurance premiums :r. [he
<br />manner pro~rided under paragraph :`_ hereof. -
<br />Any amounts disbursed by Lender ?ursu~n to this paragraph 7 with ~ntzrest nor on shill bee Mme add. oral
<br />indehredness of Burro vcr notated v [his MerteZwe. finless Borrower and tzrcer Zuree t~ her terms ._f pa mom .uch
<br />amounts shall tx payable upon apart ,tom Lendc. ro Borrn~a'er requesnnq paps^rrnt tnereo f. nd .halt hear mm,-est ~r~m the
<br />date of disbursement at ;he -ate payable from ume to time or. ontsCnndine ~'~xipa_ under the ~+ote ante-„ ^avr-rent of
<br />interest a[ such rJ to would be contrary ;, aophcabte ia,w'. ,n •.c'hich'eaen[ ,uch amounts ;hail liar interest at the highest -ate
<br />permissible under applicable law. Nethme amtamed~ia this>paragraph ? stall require Lander ro incur anv expense or take
<br />anv action hereunder.
<br />B. ltrspection. Lerdcr .r a}' make. occau;e to be made reasor.afie entries upon and inspections of the Pr~~e-ty provided
<br />:hat Lender shall give Borrower notce prior-to any suchinsoectiansped fvingreasohable cause'-therefor related [o Lender'c
<br />interest in the Property.
<br />9. Condemnation. The proceeds of anyaward orclaim for damages. wirer, or consequential.-ir..onnection with atn•
<br />condemnation or other takinZ ~r the Propery: or part thereof, or for conveyance in lieu oicondemnation. are hereby assiitned
<br />and shall be Wald ;o Lender.
<br />in the went of a total taking of the Property, the: proceeds shall be applied.to ttie sums secured by this Mortgage.
<br />wi±h he excess if ant. paid to Borrower. id the event of a parties! taking: of the Property: unless Borrower and Lender
<br />other 'se agree in writing, there shall be. hpplied toYhe ;umssect:red by this l~fortga¢e ;uch'p^oportion oLahe proceeds.
<br />as a equ^I to that proportion whtch the amount of the. sumsseatred by tF.is ~f artgageimmediately prior inihe dare c`
<br />takir.e hears to the fair market value of the Property immediately prior io the ~a[e of inking, with the balance of ahe proceeds
<br />paid *.o Borrower.
<br />If the Properly is abandoned;by Borrower. or if. niter norice:6c•: Lender [08orcowerahat the condemnor offers to make
<br />an award or settle a claim fordamages,.Borrower failsto respond to Lznde~within30daesafterthe date::such-:nail:: is
<br />mailed. Lender is agthorized to collect and;anpiy the;precreds. at Lenders option, zither to restoration or `repair of the
<br />Progeny or to the sums secured by this Mortgage.
<br />Unless Lender and'Borrowerotherwiseagree in writing, any such application of proceeds to principal shall not extend
<br />orpostpone the due. date of the monthly installments-referred to in paragraphs [ and ?.:hereof br-change [}ieamountof-
<br />such installments.
<br />10. aorrnxrer ;\Tor Rdttasrd. Extension of the time for payment or modification of `amortization of the sums second
<br />by this lloctgage 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 successors irr interest Lender shat] not; be required to commence
<br />proceedings agaitts[ such successor or refuse to extend' time for paymenCor otherwise mgdif}^, amortization'`of fete ums
<br />secured. by this Mortgage. byreasott of anydemand.made by zheorigina]Borrower and.$orrower's successors in. interest.
<br />11. Forbearaoee by Leader~Jot a Waiver. Anyforbearance:.by Leaderinexercising'any right or remedyhereunder; or
<br />otherwise afforded by applicaMe.:taw. shalLnot be awaiverof or precludeahe.exercise ot'am- sash right:.orremedy:
<br />Ths procurementof inst[ra.'tce p~?h~aagl~~rf taxes or-other liens or charges. by Lender shall not be a waiver of Lender s
<br />right to accelerate rff2 matun~fv of the e dies sec!tred by [his Mortgage.
<br />11. RewstAes Cym latthe ~ tl re~~~~ rovided in this Mortgage are distinct and .:umulative to anv other nght er
<br />remedy unti~[„1h6 K..,QZ[,~i„pr,~y~,,,by jot equity. and cony tx exercised concurrently. independen![}' or successtvety.
<br />13. Stsecessoes and: Assigaa Bound 7oin1 need Several Liability; Caplfon. The covenants. and agreements herein
<br />contaiced shall bind, and he rights hereundershal[ inurrto. [he respective successors and assigns of Lender and Borrower.
<br />subject to the. grovisions'of paragraph 17 fiert:of" Ail covenants and agreements of Borrower shall lx joint and several.
<br />The captions and headings of the paragraphs of this dortgage'are for convenience only and are not to-be used; :o
<br />interpret of diefine thaprovisions hereof.
<br />14, \otitt. Exttpr for any notice required under applicable law to be ~iveo in another: manner, ta) any notice to
<br />Bo:rcwer provided for in this Mortgage shale>be given.: by mailingsuch notice bv: ceni5cdmail addressedro'Horrower. at
<br />the Property Address or'at such btheraddress as Borrowermavdesignateh~ noticeto Lenderas providedherein. and
<br />fb? any notice to Lender shall begiven by certiRed malt:return receipt requested.'io I:enderraddress statedJJJ.herein ar 'o
<br />such other address as Lender may desiana[aby notice to Borrower as provided herein. Any notice provided for in :his
<br />Mortgage shall: be deemed to have been given to Borrower or Lender when given in the-manner-designated -herein.
<br />1S. Udi[orm rloetSage; GorerniuR Iaw: Severabrlity. Ttris form of mortgage combines uniform covenants for nationa3
<br />use and non-uniform covenants withlimited wariatiottsbyjurisdiction to ronsti[ute a uniform security instrument covering
<br />real property.' This Jfartgage sha[l be governed by the law of the;jurisdiction mwhich the"Property is located. in` the
<br />event that any provision or clause of [his Mortgage or'ihe i\tote conflicts with applicable law, such- conflict shat! not .affect
<br />other provision of this bfottgageor the Mote which can bc: given effecr-.without zhr conflicting provision. and to: ahis
<br />end rbe pror-isions of the:Mottgage:and the '.`ore arc declared: to Fx severable.
<br />tf, i3orrower's Copy. Borrower snarl bCfurnished s confdrmed copy of the tiote and of this Mortgage,at the time
<br />qt execution or after recordation hereof"
<br />17. TrsrsCer of tlk,TropmryC ~Assamp6on. If alt orhnt pan of the Properly or an interest therein i; sold or transferred
<br />by Borrower without Lender's prior written conxnt, erdtuding .al the creation of a lien or bnoumbrance. subordinatato
<br />this Mortgage, fb) the creators o: a purchase-money security>interest for household appliances, fci a transfer by devise.
<br />descent or by-ogeration: ~f law upon the death of a joint tenant or (d) thegrant'gf any leasehold interest of thtee'years or less
<br />not conlatning: an optionto purchase. Lender: may, at Lender's option, declare ail [hesums secured by this tiiorigage to be.
<br />immediately due and payable. Lender shall have waivtd:such option to accelerate if.'prrer to the sale cr transfer. Lender
<br />and the person ro whores the Property is to be sold or transferred reach agreement in..writttg !hat ttie credit oflsuch person
<br />is satisfactory to Lender and :hat the interest payable oo the sutras secured by this Viortgage shall be arsuch rate asrLender
<br />shall requtlt ?f Lender has waived;the option o accelerate provided in [his paragraph 17. and if Borrower's-successor'in
<br />interest has executed a •+~rit(tn asstrmption agreement accepted in writing by i~en@er; Lender shall release Harrower from all
<br />obligations under [his tifortgagc andhe.?:ote,
<br />ff Leader exerzises such option. to accelerate, Lendc; shall mail Borrower notice of weSeratior, tracperdance with.
<br />raragraph 1. hereof. Such notice;hall ?rovide a period: of not Iess. than 30-daysfrom-the date the nouc~ is maiiedwithin
<br />~s~hich >~rrower mac pa} she sums de-:ared due i~ So; ro•Fer "ails to pay s:;casums priorao ire e.vpiraY ~ ;uc. perior:
<br />Lander mac, without runner notice or demand ei Borrower, ~nvol:e; any remedies permctted os paragr~th ~F hereof.
<br />Nok-Lr<trotest CevEVnvTS. Borrower and Lando; further covenant and agree as follows`.
<br />18. Acceleradoe: Remedies. Except as provtded in: paragraph:.17 hertrof.,upon Borrower'sbreach of anycovenani or
<br />agratrscat of Borrower in this 3longage, including thei covenants;io pay when .awe. acr¢ sums secured 6y. this iortgage,
<br />Lerdcr prior to acceleration shalt mail notice :n Borrowek as..provided~inparagroph i3 hereof specifying: (t)ithe breach:
<br />@) ttu xtloe required to care such brexh; i3) a data not 3ess than30 days,Eram the date the notce: is mailed to: Borrower,
<br />by wtsk;b such breach must Ise cured: and (3) that failure to curesuch breach. o0 or +~fore the datespecifled,in ibenotice
<br />may result in xceleratioo of the sacra secured by eras ~lartgage. foreclnsure,bv 7judicia! proCeedingand sate of the Ycoperty
<br />The potter shall further inform Borrower of the right taxeirrstate abet acceleration and the. right td assert in tbc:.foreciosure
<br />prtscetding:hc nomuictetsce of a rufsult or an} uther.deietrse ofBorrowertoarceiuation attd'.forecfosure. [Cthe breach
<br />is not cared un or before the date specified in the notice, Lender ai Lender's opiod may declare aL of 26e sumsCsecured ary
<br />thin Mortgage to be immediately due sad payable M~ithout further demand and may forec}ose by judicial proceeding, Lender.
<br />shall be endQed to culle4 in such p: octedirtg aI! expense, of toreclosnre, tneluditsq, but not limited to, costs of tlpcumentary
<br />n~idencr, abstracta and [ills reports. -
<br />19. iarro,ver's Rigbt to Reinstate A .a itn t,r. ~rrng Leader's ac I arir,t of the sums sscured Sy this.:vfartgage.
<br />Borrowcc shat have .he right cs nave ray ,;rrs:eedrng> uegun .+y Lzrsoe ~ enfore :hrs wiartgags,discontinugd a[ anv ;line
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