|
<br />t..eadrrs written agreement or applicable taw. Borrower shall pay the amoum of alt nxartgage insurance premiums in the
<br />manner pravtded under paragraph 2 hereof.
<br />Any amounts disbursed by Lendrrpursuant tq this paragraph %'; with interest thereon, shad become additional
<br />indthtadttrss of Borrower secured'iby *,his Mortgage: Unless Borrower and Lender agree to ether terms of payment, such
<br />atnounYs shatttie payahk eipan noticcfrom Lender ta. 6armwer requesting pa}'ritent thereiif, and shall bear interest from the
<br />date of disbursement at the rate payable from :time: to time on austanding principal under the No?e unless payment of
<br />interest at such-rate would be contrary to applicable law; m which event such amounts shad bear interest ai the highest rate
<br />permissible under applicable Faw. Notriing contained in. this partrgrapti 7 shall require t.enderto incur any expense ortake
<br />any action hereunder.
<br />S: laeprctiwt, Lander may: make ar cause'to be made reasanabte sntries upon and inspections of the Propcrti+, pravidad
<br />that Lender steal! give I36rrower noriee prior to any such inspection specifying reasonable cause :therefor related to I.endee's
<br />interest in the Property.:
<br />9:. Coadextrnatipa: 7hc prasecdsafan}• awar(fnr claim €ar damages, direct or consequeatial;in connectioawithany
<br />condemnatiiic or ~ithcrtakiag of the Property, ar part,rhereef, ar far conveyancein lieu of condetr.nation, are hereby assigned
<br />and sfisll he pciid to Leader:.
<br />In the cveat-af a tataF taking:af the Properry; the proceeds shelf ere applied to the sums secured by This :Mortgage;
<br />with the excess,. if any, paid Yo Harrower. 7rt the event of a;partiat taking of the Propetty, unFe s @orrgwer aad Lender
<br />othcrwi•;c agree'in svrittng,;there shall 6e applied to t}:e ntms secured by this Mortgage Bush pmportian of the. proceeds
<br />as is equaF to. that praportitYn which-the amoum of the stms secured by this: Mortgage. immediately. pngr to the date. of
<br />taking bears to the fair market value atthe Prapetty immediately prier to the date of taking, with the balance of the prosreds
<br />paid to &:rrawer.
<br />if ehe Properly is ahandarted Dy Harrower. or if:after nafice by Lender to Borrower tfiat the condemnor offers to make
<br />an'-asvarC s r ~etde a ciatm:.for damages; Horrnwer fails-ao respnnd to Lender within ?0`dayt after the date ouch notice: is
<br />mailed, Lender is authorized to cotiect and apply the proceeds. at Lenders option, either to restoration ar repair of the
<br />Propern or iq: the sums secured by this Mortgage.
<br />Unless Lendtr and-Horrowtr otherwise agroe.?n writing, env such apalicatian of jvrasreds toprincipal shall not extend
<br />ar postpgoe the dae date of t}ie mn~Fhly (nstaflmenrs referred to in paragraphs 1 and 2 heieof gr chan¢r the amount of
<br />such instaitmants:
<br />i@. 1lorroper.NotRekatied,: Eztcnsion of the time fear paymere or modification of amortization of the soma secured
<br />by ibis. Morigagc. granted by Lender to env successor=.n interest bf Harrower shalt net :operate t~ release. ir,-any manner;.
<br />the liability of the ariginal'Barrawerand Borrower's sr:ccessars in intrreu. i.rnder shalt net hr required to commence
<br />praceediags against such suacessar or refuse'ta extend time far pa~'m: nt ar othcro~ise mn3ify amornzatian of the Berms
<br />secured by this;4fartgagc by rcasor. of any demand made: liv the ari~inal. Bcirrouer and Borcawer"s sttccessars in interest:
<br />ll. FoAaeaece hy: Lent3tr i\otu Wainer.. -,qn~: forbearance by Lender in exercising anvrigf;i arremedy hereuader..ar
<br />otherwise atfgtded bV epphcablr law, shall ttgt>he s vraicer of. or prrslnde-tlte cxrrsise of anl,' such right qr remedy.-.
<br />The procurement of ittaurance or the pacatect of t::ic~: nr nther:fiens or .:barges. by 1 ender mall rat De. a ++aiverof Lender's
<br />rightto actxierare the maturity of the indrbtrdne: -:•d by this 'tilongage.
<br />12- Reercdies Cumriltthe. All': remedies p~rs .ed rnthts Stangagr are dist4na: and .omr.Tative tr an}~ othor right ar
<br />remelts under this tilortgngtor atfarded hV law , r rc r.ty, andma~'.tie rtercivrd cannrerent6v irtleprndenth• or s;recessively:.
<br />f3. Saccc~ttrs aed ;~ssiRm Boand; Joint aad Several l,iabiiity; Captioro. Flrc ~ • ~a ;. and agrremants herein
<br />cantainedshalihind,'and the rights laereundtr shali.:nure is>, the r~pccti ~e su~rc~ :~~:+ and s,.:.n. ~.; L-miler and. Borrower.
<br />subject is the: pravisionsnf;'paragrapb 17 hereof A:Eicgv~nantsan.i :xcrerme>>'~ ..i B,'rrrr•+c• ~i-,all:hc leunrand severe}..
<br />The capttons and headings of h•_ paragrapFis :sf this "~9: rtgage are F,yr ~nnvenre;,,'e ante ,cl are net ro kk a<ed to
<br />interprri or define the provisions Fierce€:
<br />ti. Ntifittt. Ext^ept-for me ot:cs eq.iitrd ; -'_r .~.t~plirab)e law tube tT,iven m anathermanner cz).any notice: to
<br />Horrawer provided far zn::hu l~inrrgay,~ ,t:e;l i~ . ~ ~ mattt~g each r otise. by csrti$ed m,:d itdd[e~+ed to Bormxrr at
<br />the Prvfrerty ;gddressar 34 arch ~thct ddr, a. es A .+~er mat aeagnate by nuuce t.> l ender as pruvidsd hrrritt. and
<br />fb)~any raatiCe to Lender sh.. hr . n-:r : r,~5..1 r,:', ,nr rtceFpr rev: ~stc'd. r,. i ua~ t , addrev+ stated herein err tai
<br />sueh other addres. asI.endr; an.. dc. ,sate ~natcet rrs Hn;~r~~wsr as frro++ided bream: .Any notice prourded'Fnr in this
<br />Mortgage shaiiix deented to have ;~Yn g,tien to Flnrro:++rt br i ~at.'rr ,<tian girantn ilia inaurrr fesignated hertir?.
<br />i5: lia~ormbinrtKytr; GuverauryL i.awt SeverabiiiYy.~ et , rr~rtgagc rc?+nhinrs t=nifarm ~ti,venants for national
<br />use and ntm-unifarnt covrnaats uidi 3imited-variauans by -: , ,.i,et',•n xmstitutr a trmfgrnr suteriry in;eramrrtr epvsring
<br />teaiprotierCv. Thi+ ltortgay,c .half ~: r+vrrn~ ~ •he G. r+~ ~. .,,t":rat+n uc w~hicli the Pnipern rv. Focated. !n .ilia
<br />cccnCYhatanq pr+,•.isiari i,rc.a ree of ni Mo^_~a, - .!cc ..~..,... -.iihappbcahle iau, such cantitCt .halt net affr;.^t
<br />other,-pracis~on. of ih,s tifortgagcar the ~l.,te'.atr~cF~ a., _ - .... zi ~.+i:hqut ihcstintirctingpnrvision, and tiathis-
<br />end the pravtsiansof the Martgageand the -•~~+ ~ ~- ~t`
<br />' - 16., 1Sorrow-er'a.Capy< Borrower "Ball ^c t. o~, :. ~~ . , c-_d .. p: •f the ;+7ote-and aF this Mortgage at the time
<br />at execuix3n ar after rrx.ardatian hereof.
<br />-17, Trw~isrof ttfePraperty:Axcump5an..If a i :•..r,~ , ~ ... 'r ~:rr: or an cntemst thattinis said er aansterrsd
<br />by~Barnswerwithcwt-Lei.cicr's pciarwrittcn catvx.m ~+_.~,r.i,~ - .r. .,,elan of a lien<cr encumbrasrct suFx~rtiinate,te
<br />ChisMortgagC( {bj the creatitux of s purcfia r moues -<.~~,r i - h-:,ixsshofdappiiancca. 1ci a transfer Dy .devise.
<br />dtsceoi ar bp' aperats'ors o[` Saw uptan. the death of e r.. ~~-
<br />- ' ~ ian+ler ^:'r, I.~_ dom. , I ...r.. c~.a,~ all the Bunn srcurrdb~r this..~iortgxge to be
<br />immediately duoand rx;abic 'ender shall have ~,vc .~, .;,crur, .aagrat,e tf,.ptiar ux thesale ,yr transfer. 1 endeb
<br />aedthe parsevtrei whoa. the }Traput}~.is to hesoid +r ..a.;~ ._,_ -gar .,n:c:mcnt rn writing. that the: credrt ofsua?t person
<br />is srttsfacioru tq Lcndei and th;+t the interest pee b e a, :nc .:, a secured hyahis bturtgagx ahaF!:beat cueh .role a5 Lender..
<br />shall requ_tt,. tf l~ndc: has waived. the option to a.,c,<:cra':,_ p ~ .tdzci !n liras paragraph..': r-..crd i; }3orrowtr"s suc.:ec.sr,ar rn..
<br />interest hoc executed: a •x•tit:en assumptsaaagr~m rt a+.c,.;r,x.d .,.. i:,:ting by i..endrr:.LenJer khalF reteass $arrow+ur fram all
<br />ubtigatrons uadrr tells Mortgage and. the Note..
<br />if F-endtrexersisessuch optionYO accclerazr, Le.darshalF. mat>.Hvnq~~+~_: notice of accelzratian itt accorr .tee wah
<br />paragraph 11 he.. ,r Such notice steal: provide a periix':af. net ks ~~. ,. frpmt}sc date the no,ice ~.~ roei _ ~.virh%n
<br />,w bleu Horn sa ..^we pay ahr sumsdcciared due. if $otrcrw •r fai!~ !o p , ..~ ~:~~ ~ ,, prior tri the. erpir .va:z taP ~: ..r ~srigd,
<br />Fender ma', ah~L, ;girt leer tsofi~e or .`~n: aitd on Hur rowst _,ec•~c +nl . !as t*erm.trr~i b} taragraph 1~,hcreen:
<br />!~*~-C;tiiraass t rn~ev ~r-. Lrrrcae:: andl eadei hcrthe ~ laud ;egreu ac f'>i{ovts.:
<br />L8, Acerkrvtion: Remedies. F'aceyt :rs° provided. In par y, .:ph~i7 taereaf,_trponBoxrowet's Drench ufany covenant or
<br />aereetarnt ref Borror+es iu they ytortgay;e- is:dudlag the. stn e nrnh to. pay when due any Burets sx~euretl Dy this Siartgagr,
<br />bender pr'sar to xeeiPratin^ shelf mail notice to Borraver as prgi'ideti in paragraph ftl: hereof speclft lap,: li) the. breach;
<br />t2) the uMian regnirud to cure yu+~h breach: (al a date, nut lac- ths~a 14 d.axs from the date.Che notice is mailed to Barrrrsver,.
<br />b}- +vhi.b such Dreaa~b mrr_et br cured; and tai that fatlurr t<, ~ .ore Bitch Drrachan nx irrfore the date specified in the arottce
<br />man' resuh in accelerutian eT the sucn=_ ycrurad b. able Marrpagr, fureci~sarr by judicial ptiyerediwtN and vale: of3he Praprrij,
<br />71st rrdiee vhalF furl her 'ir!fmnr Burro+rer of the ri~hi to oxGr+tatc aCYCr ceeteratfac and th<~ righ[fU assert in thr:'f~scacia5xttrc
<br />pros-a~diup, Ebc aoa-c>l~icnre of a rfe.taerit r:r am olh+~r defr'a.r of $tirr~•r er b, nu e3~ririau acrd faxraosurt.. (f .Ilea bt^eacD
<br />i3 near enrr-0 an. or ere€ure the data specified ir. rhr _ fu_c, t.cnoer et Lender°< e,ptia. n+at decian~ .ri, of theemtis ,, n:edhv
<br />thiY 'vtnrlgagc to tie imrnstt iitcl, dnr wul parabFv +v iiAoat Fur,Fxr Aemu r a,td +na: + rn-i,sie ht tuelieial prrt+:~edir,:_ l,rnrFrr
<br />p3urF! be eniillc~ lu r«l7r=t in su'.h ur.x:ctdic~ :,}{ r X en+r.•; ~~€ f~rr-cLsor _ n .,.tdv.;, boa :xa I m ~!cdi :o, <.~s~ .+f air -. c,;ncnc~uy
<br />re i•kree, gbsl3 ~cta :x! tall+... ,rfis.
<br />19, aerru+~..n Rrg.ht Orr Ttei nneat _ ,_ -. .-_. -..., h~ ~._-. y stkaps..
<br />fir.: ~. _~_', ha c. ._ -i.. t..t ,.i , .r (• ~cr.: 1-> , h, t.< .. - .. r ._ _ ..- _ :,i - ..~ .,. erne,:
<br />
|