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<br />7$- ~:f~8~~7
<br />Lender's wriYen agreement or applicable law. Borrower shall pay the amount of all mcrtgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender purstant to this paragraph 7, with interest thereon, shalt become additional
<br />indebtedrress o€ $arcower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment, such
<br />amount shall be payable upon notire fram I.etsder to Barrtiwer requesting payment thereof, and shad bPgr intPrea_r_frant the
<br />date of d'+sbursement at the race-payable fram time to tithe on outstanding principal under the Nate unless payment of
<br />interest at suca-rate would be contrary to applicable law, in whicls event such amounts shalt bear interest at tlse highest rate
<br />permissible under appiieabte law. Nothing contained in this paragraph 7 shall require Lender to incur any expeme or take
<br />any. action hereuatkr.
<br />8. Inspeetisrt, Lender may make ar cause to be made reasonable entries upon and itsspectiotss of the Property, provided
<br />that Lender shall give Harrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />~. Corrdemeatb®. She proceeds of any award or claim fo- damages, direct or consequential, in connection with any
<br />axsndemnation ar other taking of the'Property, or part thereof, or for conveyance in lieu of condemnation, are hereby a~igned
<br />and shall be paid to Leader:
<br />In the event of a Total taking of the Property, the proceeds shall be applied to the auras scoured by this Mortgage,
<br />with-tl~ excess, if any, paid to Borrower. in the event of a partial faking of the Property, unless Borrower and Iznder
<br />otherwise agree iii writing, there shall be applied to the sums secured by this Mortgage such proportion of the proceeds
<br />as is equal to that. proportion which rite amount of the sums secured by this Mortgage immediately prior to the -sate- of
<br />taking bears to the fair market value of the Property immediately prior to the date of taking, with rise balance of the proceeds
<br />paid [o Borrower.
<br />If the Property is abandoned by Borcower, or if, after notice by Lender to Borrower that the condemnor offers to make
<br />an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days afrer the date such notice is
<br />mailed, Lender is authorized to collect and apply the proceeds. at Lender's option, rither to restoraGoa or repair of fix
<br />Pmpa:rty or to the sums secured by this Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to prinaipal shall not extend
<br />or postpone the date date of the monthly instaTtments referred to in paragraphs 1 and 2 hereof or change the amount of
<br />such installments.
<br />!0. Borrower Not Released. Extension of the time far payment or madiScation of amortization of the sums secured
<br />by this Mortgage granted by Lender to any successor in interest of Borrower shall not operate to release, in any tnsstrer,
<br />the liability of the original $otrower and Borcower's succ~sars in inte~est. Lender shall not be required to commence
<br />proc:€ved`ings against such successor or refuse to extend time far payment or otherwise modify amortization of the sums
<br />secured by this Mortgage by reason of any demand made by the original Borrower and Borrower's successors in interest.
<br />2 i. Parlxarmce Day Leader Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable law, shall not be a waiver of ar preclude the exercise of any such right or retnedy.
<br />The procurement of insurance ar the payment of taxes or other liens or charges by Lender shall not be a waiver of Letder's
<br />right to accelerate the maturity of the indebtedness secured by this Marigage.
<br />l2. Remedies Cwanbdive. Alt remedies provided in this Mortgage are distinct and cumulative to any other right or
<br />remedy under this Ma€tgage or afforded by law or equity, and may be exercised corcurrerily, independent}y or succes<~^tv.
<br />t3. Sned~essors anti Ass~is Boned; 3cr3nt earl Severs Lisit3ity; Captiosts Tfte covenants and agreements herein
<br />eantaitted steal! bind, ant one rights hereunder shall inure to, the respective successor and assigns of Lender and Borrower,-
<br />subject to the provisions of par~raph 17 hereat. All covenants a_*.d ag*~~?s of Borrower shall be ;a;nt a_*td several.
<br />The captions and headings of ttte paragraphs of this Mortgage are for convenience only and are not fo tae used to
<br />"snierpret or define the provisions hereof.
<br />24. Nance. Exeepf for any notice required under applicable law to oe given in another manner, (a) any ao8ce to
<br />Bottower provided far in this Mortgage shall be given 6y mailing such notice by certified mail addrtased- to Borrower at
<br />the Property Addeess ar at suet: artier address as Borrower may designate by notice to Lender as provided hereffi; and
<br />{b}.any notice to Lender shall be given by certifted mail, return receipt requested, to Lenders address stated herein or tp
<br />sorb other address as Lenfler may designate by notice to Borrower as provided herein. Any noticx provided for "tie fhb
<br />Mortgage shall be deemed to bare been given to Borrower or Lender when given in the manner designated herein.
<br />23. Unlfornt Mortgage; Gaveraing Law; Seveeab3ity. This form of mortgage combines uniform covenants for natirmat
<br />use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument severing
<br />real property. This Mortgage shall ba: governed by the lzw of rise jurisdiction in which the Property is located. In the
<br />event that any provision ar clause of this Mortgage ar the Nate rnnflicts with applicable Taw, such conflict shall not affect
<br />other provisions of this Mortgage ar the Note which can be given effect without the conflicting provision, and to this
<br />end tA.e provisions of the Mortgage and tYm Mote are declared to bz severable.
<br />26. Baitruwer's Copy. Harrower shalt be furnished a conformed copy a€ the Note and of tfiis Mortgage at the time
<br />of execution or after recordation hereof.
<br />27. Transfer of the Property; Assuatption. t€ alt or any part of the Property or an interest therein is sold ar trausfanred
<br />by Harrower without Lender's prior written consent, excluding (a) the creation o€ a lien or encumbrance subordinate to
<br />this Mortgage, (b} the creation of a purchase money security interest for household appliances, (c) a transfer by devise,
<br />d,°saent or by operation of taw upon the death of a joint tenant ar tdl the grant of any leasehold interest of three years or less
<br />not containing an option to purchase, Lender may, at Lender's option, declare ail the sums secured by this Mortgage to be
<br />immediately due and payable. Lender shai3 have waived such option to acccterate if, prior to the sale or transfer. Lender
<br />and 4he person to whom the Property is to be sold or transferred reach agreetrxnt in writing that the credit of such parson
<br />is satisfactory to Lender and that tT•~ interest payable on rho sums secured by this Mortgage steal! be at such -rate as Lender
<br />shall regtaest. If Lender has waived the option to acce3erate provided in this paragraph 27, amt- if Bottvt+rer's successor in .
<br />iuterest has executed a written assumption agreement accepted in writirsg by Lender, Leader shall release-Borrower from all
<br />obLgatwns troller Ehis Mortgage and the Note.
<br />If Lender exercises such option to accElerate, Lender shall mail Borrower notiax of acceleration in aaxxtrdance with-
<br />paragraph 14 hereof- Suds notice shall provide a period of net Se=a 4han 3t} days from the date the notice is marled within
<br />which Borrower may pay the sums declared due. if Borrower fails to pay such sums prior to the expiration of such period,
<br />Lettdcr relay, without further holier or demand an Perrawcr, "snvake any ramcdies permitted by paragraph 18 hereof.
<br />Nasx-Uttar CovtrxaR°rs. Borrower atsd Letsder #urther covenant and agree as follows:
<br />;~,- .:~ ~ prnvlded €n D i laereei, epee Sarza~veer°s tsra~eb of sag aavaneael ate
<br />aif ~ its tbie Mortgase; iaCl-the covenants to pay- when dear say settle seearsd by this --Marge;.
<br />is F'~ to sls~ mad notice Ea lwN as provided bi ~ 14 bveaf ~ (il'tae iseschD
<br />.~. $~ ~-~ ~-'--et:fh ~ ) add, FY3t Wis. tlitm ~$- ft~s -the daft the n9tiLY. ~ ma$ed to-.~~
<br />hY w6teb each bleach mgsi tee carc$-sad (41 t fae$are to earn ane$ 4xu6 oa ax kegwe ~ date spaef~d ~ the notice
<br />:eery ixavtt in of ~ soma saECUred Hy > 0. fereeloaers Ay !~~ PAC sad t~ ~ fix Yroper4}`
<br />The notice shsr~ lurt>rer.l~orm Berraww~ of ttx right tai iti:nNate after acceleration and the ~ assert ~ tDa forecla~e
<br />prca-~&tg the nos-.tit a ~ i~ s ot!~ar d-femse of Barraaer't{t aeeeictas s~ IE tltt bleach
<br />i~ sw:t caa~eu wsr'i~ bc#ara ~ dry ~ the >sa~x`e, Leuter st LenSe[sa mip deelr8e ail 02 ti'x seemed by
<br />tk? blor9gal;e faf lmaie(y-doe sad liavakta wltbattt, turban afemarrd aAd ~' foreclose by proceealirsg. IRader
<br />sb~l lee eatgled W enact he snob R ~ expamses of Cairaeiaxaie, inclurBsg; btrt ~ lisahed t0. costs aif darcnmeatary
<br />bvideacn, atietracta ant} tie etsperi-
<br />19. Sarrawea°s t to Rata. ldatwithatanding, Lender's a,.xcleration of the auras secut~ed by this Mortgage,
<br />Baimwer shall have the right to here any proceedings begun by Lender to enforce this Mortgage discontinued at any time
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