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7~-~- i~Ct~i~a
<br />Lender's written agreement or applccable law. Borrower shall pay the amount of all mortgage insurance premiums in the
<br />manner pr'avided under paragraph Z hereof.
<br />Any amounts disbursed by Lender pursuant to Chia paragraph 7, with interest thereon, chart become additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Harrower and Lender agree to other terms of payment, such
<br />amoums shah ix payable upon notice from Lender to Borrower requesting payment thereof, and shad bear interest from tits
<br />data of disbursement at the rate payable from tit;.: to .time on outstanding principai under the Note unless paytnettt of
<br />+_ntrrPSt at s rata would be contrary io apolicable taw, in which event such amounts shaft bear interest at the highest rate
<br />parmissibie under sgplicaltle law. -Nothing contained in this paragraph 7 shall require Lender to incur ant expease or take
<br />any action hereurrdtt'.
<br />8, i~tetion. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that Gender sbal!-give Hozrxtwer notice prior tq any such inspection specifying reasonable cause.therefor rotated to Lender's
<br />interest in the Prttperry.
<br />4, Csndemsalbin, 'l'he proceeds of any award err claim far damages, direct or consequential, in connection with-any
<br />condemnation or other taring of the Property; or-part thereof, or far conveyance in lieu of condemnation, are hereby assigned
<br />and shalt be paid to Lender.
<br />In the event of a-total taking: of the Property, the proceeds shah be applied to the sums secured by this Mortgage,
<br />with tire. excess, if any, paid to Harrower. In the event of a patiiai taking of the Property, unless Harrower attd L,° d.°r
<br />otherwise agree in writing, there shall be applied to the sums secured Uy this Mortgage such proportion of the proceeds
<br />as is equal its-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 Property immediately prior to the date of taking, with the balance of the proc'ceds
<br />paid to Harrower.
<br />If Hte Property is abandoned icy Horrawer, or if. after notice by Lender to Borrower that the condemnor offers to make
<br />art award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date such native is
<br />maiicct, Lender is authorized to collect and apply the proceeds, at Lender's option, either to restoration ar repair of the
<br />Property ar to the sums secured by this Mortgage.
<br />Untes.4 Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shalt not extend
<br />or postpone the dnc date of fire monthly installments referred *.a in paragraphs 1 and 2 hereof or change the amount of
<br />such insiaRtrtettts.
<br />lei. Borrower Not Released. Extension of the time for payment err modification of amortization of the sums sectred
<br />by this Mortgage granted by Lender fo any successor in intet~-t of Harrower shah not operate to release, in any tnanner,
<br />Yhc liability of the original Borrower and Borsower's successors in interest. Lender shall not be required to commrnce
<br />proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the sums
<br />secured by this Mortgage by reason of any demand made by the original Borrower and Horsower's successors in interest,
<br />11. Irorhearance by Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise afforda3 by applicable taw, shah not be a waiver of or preclude the exercise of any such tight or remedy.
<br />The pracuretnent of insurantx or the payment of taxes or other Liens or charges by Lender shall not be a waiver of Lender's
<br />ri$l!i to accelerate the maturity of the indebtedness secetred- by this Mortgage.
<br />42. Remedies CtimnTattte. Ali remedies provided in this Mortgage are distinct and cumuiairve to any outer right or
<br />remedy undo this Mortgage or afforded by taw or equity, and may be exercised concurrenHy, indepertdentiy or susxessively.
<br />13. Sacce~rs aced Baaead; 3eiot amt Several T.iaitBity; Captions. The covenants and agreemeat_ `vrcin
<br />contained shall bind, aad tits r,`ghts hereunder shall inure to. the respcctivc sarccessars aad assigns of Lender attd Borrower,
<br />subject to the provisions of paragraph 17 hereof. All covenants and agreements of Harrower attatt be ;~oirt and several.
<br />The- captions. and headings of the paragraphs of this Mortgage are for convenience only and are not to be used to
<br />int~rr_ t nr cief3ne tlt~ prawisignc i~rs•af,
<br />id. Nofke. 8xcept for any naiitx required under applicable taw to be given in another manner. (a) any notice U3
<br />Borrower provided for in this Mortgage shalt ~ given by mailing such notice by certified mail addressed to Borrower at
<br />the Property Address or at such other address as Borrower may designate by notice to Lender as provided herein, acrd
<br />(b3 any notice to Lerdcr shaft be given by certified mail, return receipt requested. to Lender's address stated herein or to
<br />such ot`rer address as Lender may designate by notice to Harrower as pros~dcd herein. Any notice provided for in this
<br />Mortgage shall be deemed to have been given to Borrower or Tender when given in the marmot designated herein,
<br />15. ila~corm Msetea$e; Goverreisrg Law; Severah~ty. This form of mortgage combines emifornt covenants far national
<br />use and non-uniform covenants with limited variations by jarisdiciion to eortstitute a uniform secetrity instrurneni cor'ering
<br />real property This Mortgage shah be governed by the iaa° of the juristlictioo in which the Property is located. Tn the
<br />cverHt that any provisioa of vlause of this Mortgage err :he-Note conflicts with appiivabie taw, such vonfliet chart not aflcet
<br />other propisians of this Mortgage or the Nate which can be given effect without the corttiicting provision, attd to this
<br />end the provisions of the Mortgage and the Rote are declared to be ser°erable.
<br />Ili. BorrowePs Copy. Borrower shalt be €urnished a conformed copy of fire Nate amt of this Mortgage at the i,me
<br />cif cR~iit`c'ian err aitE7 rceardatian >~-re'~f.
<br />17. Transfer of the Property; Aptiaa. Tf ail or any pert of tree Property err an interest therein is sold err trattsfared
<br />by Harrower without Tinder°s prior written consent, excluding (a) the creation of a lien or encumbratrce subordinate to
<br />tilts Mortgage, (b) the creation of a purchase rncmey security interest far household appiiatrces, (¢) a transfer by devise.
<br />descent or by operation of Jaw upon the death of a joint tenant or td) the grant of any leasehold intertat aF thece years ssr
<br />trot contaiaiag an option to purchase. Lander may, at Lrnder°s option, declare aii the sums savored by this Mortgage to be
<br />immediately due and payable. Txndes sitali have waived such option so accelerate if, Prior to the sale ar transfer. Lander
<br />and the person to whom the Property is to be said err transferred reach agreement io writing that the credit of such person
<br />is satisfactory to 7xnder aad that the interest payable an the sums secured by this Mortgage shall be at such ra€e as-Lender
<br />shalt r~trest. it Lender has waived the option to accelerate provided in this paragraph 17, and if Borrower's atrevesaar in
<br />~tereat bas exceuted a written assumption agreement accepted in writing by Trader, Lender shall releax Borrower from- all
<br />obligations under this Mortgage aad the Note.
<br />If Louder exercises such option- to accelerate, Lender shall maB Harrower notitx of acrxlcratioa in accotdartce with
<br />paragraph l4 hereof. Srtch notice shalt provide a period of not toss than 30 days from the date the votive is mat'ktl within
<br />whicflBorrawcr Wray gag the sums dared dera. "Borrower faits ro-tray such-sums prior to the. expiration of such period,
<br />Lettbter may, without fttrthcr Worse or demand oa Harrower, invoke any remedies permitted by paragraph lit hereof.
<br />Tdott-tJtaitroana-Govstvatrrs; Harrower aad Lender further vovenanz amd agree as #oltotws:
<br />Ill. A Rem: $scept era ~ is h tl hueaf, epan ISarr~aser'e irce~h sf any cotemstst ~
<br />s~eeateret at"+rv in mis ic~rt$ase, icchrding the raremnts to pays when daa_it-y ~®a saeared by fists
<br />I:eeiier peter iu acesisrafiaa aiwdd ertair w:fice to )3arra~er a; pro:idci in p~ttap,'i 14 tom: LID ~e
<br />(23 the action re~ai'red !n vtue su#>treacir (3) a date, not ices than 3fl days Erma the- dace the nutter Ts reti m ~,
<br />by which seen 6te®ch stoat br anted; cad {4) that tailors to cote such breach on nr before tine Aar to tht aeCke
<br />~; .;-~ m :s.~r~•r: a? *~e~ ac»red Erv tom' h1art~Q, fnreck4*ure 6y ;ndict~E prar~ecdT~ tit s~ eE tiia Propperty,
<br />The eotlcs sfudl ftgtner isfurm Eorrower of the nigh! to rcimatate after acceleration and dre t3rirt err aertest ~ Poe foteeioaetrtr
<br />prvcsrdlmE the eqn-exSsteece of a detkclS err any offer dcfrnse of Earrower to airneisralioa aai-[oree~are. 8 Bet ba~eaekt
<br />s cot cntvxt an err before the date specified fn the notice, [.coder at Leager's opti9ee nfpy tiecLre sR at ~ ~ atemrd by
<br />t€sir3 ;4fari~e to tie Tmtsted'retely Buz aed payable e+ithoaf further tlerttand strtd tnay foetetn~ hY ~• Lender
<br />zh~ he tsriiiieti to esriir.`t in aia.~ [rrtrseadiay >ii1 exjr2-~-~ of fcraci~are, f>:d',:.-s~~ ~€ ~Be3 tB. xC°~ of
<br />cwiJolaet, reSsiracis and tltit nzgrntr. >. - -. - -
<br />14;-l3orrower'a Ri~t'to=ilIatatt• Noiviitkstanding Lee's acceleration of the sums secured by this Mortgage,
<br />Borrower s<iail have lira ri~ti io have any proveedings begun b!' Lender to.enforce this Mortgage discontinued at any time
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