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78-~4,}~~~?~
<br />Lender's written agreement or applicable law. Borrower shall pay the amount of all mortgage insurance premiums in rho
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shall become additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Bort4wer and Lender agree to other terms of payment, such
<br />amounts shall be payable upon notice from Lender to Borrower requesting payment thereof, and shalt bear interest from the
<br />date of d•,sbursement at the rate payable from time t4 time on outstanding principal under the Nate unless payment of
<br />interest at such rate would be contrary is applicable law. in which event sucfi atrtouats shall ixar inierGi a, the high x -_`~
<br />permissibte under apoticable taw. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />any ac*ion hereunder'.
<br />&. Ittspectlaa. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that Lender shalt gire Borrower native prior to any such inspection specifying reasonable cause tfierefor related to Lender's
<br />interest in the. Property.
<br />4, Coademaaffoa. 'Ihe proceeds of any award or claim far damages, direct or consequential, in connection with arty
<br />condemnation or other taking of the Property, or part thereof, ar far conveyance in lieu of condemnation, are hereby assigned
<br />and shaft be paid to Lender.
<br />In the event of a total flaking of the Property, the prxeeds shall be applied to the sums secured by this Mortgage.
<br />with the excess. if any, paid to Borrower. In the event of a partial taking of the Property, unless Borrower and Lender
<br />otlteiwise agree in writing, there shaiE be applied to the sums secured by this Mortgage such proportion of the pre~ceeds
<br />as is equal to that proportion which the amount of the sums savored 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 proceeds
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Harrower that the condemnor ofl'ers t4 make
<br />an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date such notice is
<br />mailed, Lander is authorized to calleet aml apply the proceeds, at Lender's option, either to restoration ar repair of the
<br />Property or to the sums secured by this Mortgage.
<br />Unless Ler:der and Borrower othenvise agree in writing. any such application of proceeds to principal shall not txtend
<br />or postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of
<br />such installments.
<br />lU. Harrower Not Released. Extension of the time for payment or modification of amortization of the sums secured
<br />by this Mortgage proofed by Lender to any successor is interest of Borrower shall not operate to release, in any manner,
<br />the liability of the original Borrower and Borrowers successors in interest. Lender shad not be inquired to comtttexe
<br />proceedings against such successor or refuse to extend time for payment or otherwise modify amortizstion of the sums
<br />secured by this Mortgage by reason of any demand made by the original Borrower and Borrowers strecessors in int¢test.
<br />11. Forbesrmace by Lender Nat s Tit elver. Any forirearance by Lender in exercising any right ar remedy lsereundor, or
<br />otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any stselr right or remedy.
<br />The procurement of insurance or the payment of taxes ar other liens or charges by Lender shall not be a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />72, Reettedits CtsmahtNve. A!1 remedies provided in this !liortgage are distinct and cumntative to any other right or
<br />remedy under this Mortgage ar affar'ed by law ar equity, and may he exercised cancurrenily, independently or successively.
<br />i3, Sasce~ots anti Assigns Board; joint sad $eeeral i,iabi7ity; Captions. The covenants and agreements herein
<br />contai^ed shall bind, and the rights hereunder steal! inure to, the resp°..ctive svcces<o'; and assigns of Lender and Bom
<br />subject to the provisions of raragraph i7 hereof. Ail covenants and agreements of Borrower shall be joint and sevetxl.
<br />The captions and headings of the pazagraphs of this Mortgage are far convenience only and am not i4 be used to
<br />interpret or deffae the provisions hereof.
<br />14. Notice. Except for any notice required under applicable law to be given in another manner, {a) any notice to
<br />Borrower provided for in this Mortgage shat! be given by mailing such notice by certified mail addressed to Borrower at
<br />fho Property Address or at such other address as Borrower may designate by notice to Lender as provided heroin, and
<br />(b) any notice to Lender shall be given by certified mail, return receipt requested. t4 Lender's address stated herein ar to
<br />such otltar address as Lender may designate by notice to Borrower as provided herein. Any notice provided far in ibis
<br />Mortgage shall be claemtd to have been given to Harrower or Lender when given in the manner designated herein.
<br />I5. Uatform Man=age; Gaveruiag Law; Severabiiity. 'kris form of mortgage combines uniform covenants far national
<br />tree and ran-uniform covenants with l:miied variations by juri'sdietian to eanstitute a uniform security iastru;tteni covering
<br />real property. This Mortgage shall be governed by the law 4f the jurisdiction in which the Property is located. In the
<br />event that any provision or clause of this Mortgage or rite Note conflicts with applicable law, such conflict shall trot affect
<br />other provisions of this Mortgage or 4he Note which can be given effect without the conflicting provision, and to this
<br />and the provisions of the Mortgage and the Note are declared to be severable.
<br />16, Borrewor°s Copy. Borrower shall be furnished a conformed copy of the Note and of this Mortgage at the time
<br />of execution or after recordation htreof.
<br />17. Transfer of the Property; Assampiaoa. If all or any part of the Property or an interest therein is sold or transferred
<br />by Baerower without Lender's prior written caasent, excluding ta} the creation of a lien or encumbrance subordinate to
<br />this Mortgage, fb} the creation of a purchase money security interest for household appliances, (c) a transfer by devise,
<br />descent or by operation of law upon the death of a joint tenant or (d} the grant of any leasehold interest of three years or less
<br />not containing an option to pureha~. Lender may, at Lender's option. declare all the sums secured by this Mortgage to be
<br />imntediatety due and payable Lender shall have waived such option to accelerate if, Prior io the sale aF traasfor, Lender
<br />and the person to whom the Property is to be said or transferred reach agreement in writing that the credit of such person
<br />is satisfactory to Lender and that the interest payable on the sums secured by this Mortgage steal be at such rate as Lender
<br />shall request. 3f Lender has waived the option to accelerate provided in this paragraph 17, and if Borrower's successor in
<br />interest has executed a written assumption agreement accepted in writing by Lender, Lender shall release Borrower from atl
<br />obligations under this Mortgage and €he Note.
<br />If Lender exercises stR,h option to accelerate, Lender shall mail Borrower notice of accelersiian in accordance wish
<br />paragraph 24 hereof. 3u:h natico shall provide- a period of not 'rss then 3G days from the dais the notice is maekd 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 />Lender mays without further notice ar demaml on Borrower, invoke any remedies germiUed by paragraph 18 hereof.
<br />Nox-Urtiroax3 CovPatexrs. Bonawer and Lender further covenant and agroe as €ollmvs:
<br />2$. Arat~u; Rttsedfca. EsaYpt m ~ovidtd iu pstsgraph I7 hereof, apoa i8ormwer's broach of say eovessut w
<br />srt ~ ;anrrnwer i$ thtr Mortgage, iteeltrding the eoveaeats m pay when dace any cams seceaed by this Matigage,
<br />Lamar prier tee rxcekr~Oa sbetb eusB rtoMce to )iorrewer ss provided is paragraph 14 hereof specifylaog; (1) the breaeh;
<br />(Y) the setlaa required to tie ~h breraoit; (3} a date, front lei tbaa 3tl days frost the date the upHce to moBed to )morrawer,
<br />vfbkb-xacb breach moot ice stared; sad (~#) that faHare to cure such hreseh au or before the dale-specified-let the notice
<br />may rxsaK is acesle<alitia of the satin secarai by t~ Mortgage, foreclosure by ~dieiat proceeding sad >rae of the Property.
<br />actipe s6tali loather iufoz~ lkurower of the sight b reiristate after xceteration sad the tight to s~eert iu t'At forec&ssttre
<br />proceeding the- °~-~a~cr~e of s dchtdt ar say der Aefetrse of Borrower to aseelerttttoa sad toreeiosure. V the bleach
<br />;yr aot eared era-or betere !be date specified ~ the uotic"c, tender at Caroler's apiion map decisre ~ tit the same secured by
<br />~'~ m be y d~ amt paya!!~ witbtrat further demand sad may foreclose by iudiciaf proceednrg. Leader
<br />be enlitird t9 eoileet iu 8 l1t!Dr:&tdi0~ ~ e:peaaes et CoreclosuR, iucltt~; bat sot limited to, camas of docameretary
<br />b9ideaCe, ab[draets and-title rspor~. - - - - - -
<br />lq. Borrower's-Right to $ebastatt. Notwithstanding Lenders acceleration of the sums secured by this Mortgage,
<br />Harrower shalt have the right to have any proceed"svgs begun by Linder to enforce th'ss Mortgage disconrnued at any time
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