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73~ t~a~
<br />Lender`s written agr_ement ae applicable Iaw. Borrower shall pay the amount of all tnartgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disburss;d by Lender pursuant to they paragraph 7, with interest thereon. shall hecorne additional
<br />indebtedness of Borrower secured by this Mortgage. [irless Borrower and Lender agree to other terms of payment, such
<br />amounts shad I~ payable upon native from Lender to Borrower requesting payment thereof. and shal3 bear intaresi from the
<br />date of dasbursement at lice rate payable from time to time an outstanding principal under ti;e Note unless payment of
<br />interest at such rate would be canttsry to applicable taw, in which event such amounts shall bear interest at the highest rate
<br />permissible zroder applicable law. Nothing containedtn this paragraph 7 shall require Lender to incur any expanse or take
<br />any acttem hereunder.
<br />~. i"tR$pECti43R. LendeF maY make Or callse ffl t52 made reaSanablC entrees Upon and in5peetians oT the Property, provided
<br />that i~nde* sha11 o ve Borrower norise prior is anv such inspec€ion specifying reasoaabla cause therefor related to i.erder's
<br />interest in the Property.
<br />il. tvordnatfan. The proceeds of any award or claim €or damages, direct or consequential, in canner€ion with any
<br />cor_dur_onation or atlter to-king of tits= Property. ar part thereof, or for conveyance in Iiau of condemnation, are hereby assigr~d
<br />and shah bz said fa Lender.
<br />In the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this iviortgage,
<br />with lice e~:cs:ss, if any. paid to Borrower. In the evene of a partial !akirg of the Property, unless Borsower and Lender
<br />ofnen:'.~, agree in writing, there sifall ire applied to the sutras secured by this lJiarYgage such proportion of the proceeds
<br />as is equal to that proportion which the amount of the sums secured by this Mortgage immediately p.=ior to the date of
<br />taking bears Yo the fair market value of the Property immediately prior to the daze of taking, with the balance of the proceeds
<br />paid to Borrower.
<br />Lf the Property 'rs abandoned by Borrower, ar if, after notice by Lender to Sorsawer that the candetnnar offers to make
<br />an award or settle a claim for damages, Borrower faits to respond to Lander within 30 days after the date such notice is
<br />tnailed, Lender is authorized to cailecf and apply the p:aceeds, at Lender's option. either to restoration or repair of the
<br />Property or to the sums secured by this Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall noz extend
<br />or pastpette the due data of the monthly instalimertis referred to in paragraphs 1 and 2 hereof or change the amount of
<br />such installments.
<br />10. Borrower Not Released. Fatension of the time for payment or modification of amortization of the sums secured
<br />by this Mortgage granted by Lender Yo any successor in interest of Borrower shall not operate to release, in any manner,
<br />£}te liability o€ the original Borrower and Borrower's successors in ir!zerst. Lender shall not be regquired to commence
<br />proceedings against such successor or refuse to extend time €or payment or otherwise modify amortization of the sums
<br />sceured by this l~arigage by reason of any demand made tie the original Barroom=er and Sarrow~r's successors in interest.
<br />11. Fof-re by iass€ler NTot a ~Yalver. Any forlxarance by I~nder in exercising cry right or remedy hereunder, ear
<br />ethQrd-ice =forded by applicable 'saw, shall not bF a waiver of nr preclude the exercise of any such right ar remedy.
<br />Ti:e pro_urement of insurancx ar the payment of taxes or other liens or charges by Lender shalt not be. a waitrer of Lender's
<br />r'tglti to accelerate rite maturity of rite indebtedness seea:red by this Mortgage.
<br />7i::, Remedies Caenulatlve. Ail remedies provided in this Mortgage are distinct and cumulative to any other right or
<br />remedy under this Mortgage or afforded by law or equity, and may be exercised concursentiy, indepetulemly or successively.
<br />l3. Sncc~ors and Asstgns )floured; Joint ared Several fiab0ity; Captions. The cas~enants and agreements herein
<br />can±ained steal! bind, and the r'sghts hert.ander shalt inure io, the respective cove=.ssors and assigns of Lender and Borsower,
<br />subject to the provisions of paragraph 17 hereof. Ali covenants and agreements efr Barsower shall be joint and several.
<br />The captions and headings of the paragraphs of this Mortgage are for conveniett~^e only and ar net za be used :~
<br />interpret or define the ptov;ar,~ ?-,cleat.
<br />13, Ncrtlcc. Except €or any notes; required under appiicabis: law io be given in another maamer, (a) any nrstice to
<br />norsower provided far In ibis Mortgage shall be given by mailing such notice by certii€ed matT addressed ro >;;ar~'awcr at
<br />the Praperey Address or at swh other address as Borrower may designate by notice to Lender as provided herein, and
<br />{ls} any notice to Lender shall be given by rertiRed mail, return receipt requested, to Lender's address stated herein or to
<br />such other address as Lender may designare by notice to Borrower as provided iserein. Any notice provided far in this
<br />Mortgage stroll be deemed to have ti..P„ a ven to Borrower or Lender when given in the manner designated herein.
<br />25. Uniform Mortgage; Gaaveraitzg Y aw; SeverabBity. -[3sis form of mortgage combines uniform covenants for national
<br />use and Wort-uniform covenants with limited variations by jurisdie#ian to constitute a uniform security instrument covetittg
<br />real property. This Mortgage shall be governed by the law aF the jurisdiction in which the Propem is located. In the
<br />- - ,±4-. __- - --- - - - a . s..rtga- - .`.~ ': ~ :f?- -:th x;,...b~ law. -.~.'' m~ .fl ~t shall ;•~^t a~'t
<br />p°t,....
<br />other provisians'of this Mortgage orithe Note which scan beLgiven effect without the conflicting provision, aad io this
<br />end the previsions of fha Motgage and the s'v'ate are declared to be severable.
<br />its. ;ar=onz: s Ccpy. Br, :•avcr sl:zil 'ce furnished a canfornzed :spy of t e Note and of this s~Soregage ai the tirtte
<br />of execution or after re:•ordation hereof,
<br />1'F. 'Cramer of the Property; Assmnption. if al3 or any part of the Property ar an interest thereto is sold or transferred
<br />by Borrower without Lender's prior written consent, excluding (a) the creation of a lien or encumbrance subordinate to
<br />this hrlortgage, (h) the creation o€ a purchase money security interest far household appliances, (c) a transfer by devise,
<br />dssU;,.tt ar by apera€€on of law upon the dea€h of a joint ierar,t ar id) the grant of any 3easeltaid interest of three years ar 1~
<br />not containing an option to purchase, Lender may. az Lender's option, declare alt the sums secured by this Mortgage to be
<br />immediately due and payable. Lender shall have waived such option to accelerate if, prior to the sale or transfer, Lender
<br />and the person to whom Ylte Property is to be said ar transferred reach agreement in writing that the credit of such person
<br />sa~.sfactery to r ender wry tsHat tbe interest payable en the suttts s:.ctued by this Mortgage shall be at such rare as Lender
<br />shall request. 1f Lender ices waived the option to accelerate provided in this paragraph t?, and if Borrower's successor in
<br />interest has exe.:utcd a written assumption agreem,:nz accep:~ in writing bg Lander. Lender shall release Borsower from alt
<br />obiigatians under this Mortgage and tlta Note.
<br />if L-ender exercises such option to accelerate, Lender shall mail Borrower natEce of acceleration in accordance with
<br />paragraph i4 her~sf. Such rtoYir~ shall provide a period of nit l:,ss than 3~ days from the date the notice is mailed within
<br />-wltic:r iorrower may pay zits sums declared due. if Barrawes `ails to pay such sums prior to the expiration of such period.
<br />L end~sr mav, without fs~rtlter notice or demattd an Borrower, invoke any remedies permitted by paragraph l8 herwf.
<br />.~,~.- ~;r-cram Cav*~nn~t•rs. ;ar;aarar ar~d L~~~der further covenant a:~ agr~ ss fal;aR-s:
<br />1R r~ccefleeatlaa; Retttrdlea ~celH as provided in paragraph l4 hereof, neon lSorrurrcr's breach of yep covea~ or
<br />ant of ffiarrosver €n this 4fortgsege, leststdlrrg Else tsvesants to pay ts6etr d~ auy suese aecuttd by the R•terlga~e,
<br />i,ettder PTI~' its ~eea- sA mail entice to floor®wer ss Pruwidsd to prap6 14 k+erenf s~cifyh~ (1} ~ Irh;
<br />C~3 t -zl #m er€rc creels bre~?sx {3) a she, met tl ~ days frogs ~ slag t;a s~Sce is itr~kd ~ llarrcrrar:
<br />b'Y .rhl s brota-b m be cnrvtt; aad (4; that fallare ttr cue such bre>~L on or before !~ date speeded io elks
<br />rosy ce$nlt iu rut the sus mired by t~ 143e, ftrrtctosure by jt~ltlai Ptsr.'sedlna mod sek of the iFi<speclg.
<br />+; isctlet #attFtec itdmrtar Barr®w¢r of the rigtat to reinstate after acreleratFats aad the rtght to mmert is the foneLrme
<br />the -exiwtcaee o4 n ~~ault ~ any ®thtr dctlici~e of Sorrervrer to acceterrrittoa -amt fotselosme, if the breach
<br />end o~ err mare _ ten asrEtlee, t,ttr at L.er's ~laa try ~ctaee tzS of the secured BY
<br />sage to be ltnmedtratcfly dge mad payer vrNhotst furtker• detrrmttd and tray Poseclose by 3ndfetxi proceeding. f.mder
<br />gtrclt be end Y3 ee;tect it sc~eta ~ exPeiises of foreekasure, iueto>B~, tea! not limited to, cants of tlnenmestary
<br />- t•:-i.i?neeg~n*~ iltly. tepirr~: _ - - - -
<br />s4. lrosv:.s°s ter i~ Notwithstandizsg leader's acceleration of the sums se.^ured by this Mortgage,
<br />Borrt~iver shall have the right to have any ¢roceedings begun by Lander to enforce this Mortgage discontinued ai any time
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