|
<br />`Lendle~r°s~~ n~ri~ttu;n ag€ei:~tnt or app!iesi~tule Fa,v. }3~urra~sreir ushai! pay the ant~w~rn2 of alfl rnarU~u}age indu~rance pren=iunus let the
<br />manner ~pYa*virSiarct raatdp,r i~ararap!t ~ heresaf.
<br />'An}~ a~9~lp;tvrdti, dli~ptltarsed by 1.ezt~~de:r p7irsua:nt too this parfirgraph 7. with iptea~ast titarcan, shad £recome additional
<br />inutebtedttes~af Earra:var s.°cttr u by this i`,"lartgaae. Uriess Borrower and Lender agree to other terms of payment. such
<br />amounts sbal3 ire payah!e upon notice from Lender to $orrowcr requesting payment thereof, and shalt bear interest froth the
<br />data of disbursement at the race payable-from time to time an outstanding principal under the Nate unless payment of
<br />interest at such rate would be eantrary to applicable taw, in which event such amounts shalt bear interest at the highest race
<br />pertttiasible under applicable law. hlotlting contained in this paragraph 7 shall require Lender 4o incur any ezpen~ or take
<br />any actittn hereunder.
<br />g, I~pectioet. Lender may make or cause to be made reasanabie entries upon and inspections of the Property, provided
<br />that Lander shah give Harrower notice priirr to any such inspeefiion specifying reasaaabte cause therefor related to Lender's
<br />interest in the Property.
<br />~, Caademrrattaa. The proceeds of any award or claim for da ages, dirtier ar c~,nsequential, in £annectien with any
<br />condemnation or other taking of the Property, ar part thereof, oe for sanveyanee in lieu of condemnation, are herebv assiened
<br />and shaft be paid to Lender. `
<br />to the event of a total taking of the Pranerty, the proceeds shall be applied to the sums secured by this Mortgage.
<br />w€th the excess, if any. paid to Harrower. In iha event of a partial taking of the Property, unless $orrowcr and Lander
<br />otherwise agree in writing, there she!! ere applied to the sums secured by this Mortgage such proportion of the proceeds
<br />as is equal io that prapcrrtian which the amount of ttae sums secured try this Mortgage immediately prior to the date of
<br />taking bears to the fair market value of the Property immediately prim to the date of taking, with the balanee of the proceeds
<br />paid to Barrawer.
<br />If the Property is abandoned by $orrowcr, 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 3t1 days after the date such nodce is
<br />trailed, Lerider is authorized to collect and apply the proceeds. at Lender's option, either to re.siaration ar repair of tPre
<br />Property ar to the sums secured by this Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shalt not extend
<br />or posiptrtte the due date of fire monthly installments referred to in paragraphs 1 and 2 hereof ar change the amount of
<br />such installments.
<br />I®. Harrower Nast Pteta,~ed. Fxtensian of the time for payment ar modi6catian of amortization of the sums secured
<br />try this Mortgage granted by Lender to any sttt:cessor in interest of Borrower shaA not operate to release, in any mantrer,
<br />the liability of the original $oreower and Borrower`s successors in interest. Lender sha}1 not be required fo ccttnmettce
<br />proceeditrgs against such successor or refuse to extend time for payment or atfrerwise mtxfify amortization of the earns
<br />e.r„w k„ this MaN~~ bu ~ ^f a de,°a ~ --°~ ` - ° - - -
<br />"'"~ - ..o~, r ...assn ~' sy ,.., „-. ~,~ ,;eir,al B~rrow~r a„d ;ter-was su4«oi., in intr.~.~r.
<br />II. vForbaar kY Leader Not a i6'aiver. Any forbearance by tender in exercising any right ar remedy httetmder, or
<br />otherwise afforded by applicable law, shad not be a waiver of or preclude the exercise of any such right or remedy.
<br />72te pracurem~ent of insurance or the payment of taxes or other Liens or charges by Lander shalt not be a waiver of Lender's
<br />right ttr accelerate the maturity of the indebtedness seeumd 6t' this Mortgage.
<br />I2. i4aeoiediea Ctmea~7afPve. Att remedies provided in-this Mortgage are distinM and cumulative to any other right or
<br />remedy under this Mortgage or afforded by law or equity, and may Ere exercised concurrently, independently or sttccessivety.
<br />I3. $otcceasats cad ,was Baaud; Jalnt cad $evstaP Liab€~y; CaptPoos. The covenants and agreements herein
<br />contained shall bind, and the rights hereunder shalt inure to, the respective successors and assigns of Lender acrd Harrower,
<br />subject to the provisions of paragraph 17 hereof. Aii covenants and agreements of Harrower shall be joint ern! several.
<br />The captions -and headings of the paragraphs of this Mortgage are far convenience only and are hat to be used to
<br />interpret or define the provisions hereof.
<br />14. Notice. Hitcept for any notice required under applicable taw to be given in another manner, {a} any notice. to
<br />Borrower provided for in this Mortgage shall bt given by mailing such natce by certify mail addresseai to Borrower at
<br />the Property Address or at such outer address as Barrawer may designate by Halloo to Lender ss provided haraina cad
<br />{b} any ttQtice to lender shall bt given by certified mail, return receipt regtrastad, to Lender's addrm siatsd itxnin or to
<br />such artPrer addrs*~ as Lender may designate by notice to Bormwtr as provided herein. Any naiice provided far in this
<br />Marzgaga shall ere deemp.<f to have haen given 4o Harrower or lender when given in the manner designateaf itpreist.
<br />Ig= Lir~orm Maur; C~v°rais$ I.a~t ;~v~q. ?his form a€ mortgage rnmbines uniform covenants tar natitrnai
<br />~~? amt ~~-rte ;t=< ,a~n_frt~ ~h;. !eri =-~ ~•4tiatt-,rts by •t:risd!.tor: to ron~° ~ a :::t::u::i ~ t:ri i.:;.t;~ :t 1;`.c°~a :,g
<br />p~`ty= ''`T'art'-get be ~~_r it' tl~ law of t!~ ;u ~ictias:Vrn whik3: the Frey ss n:,d. In t
<br />GYWE ~~t any caravisiag or eiarsse of ttth? Ma?t?g~s er iha ?+!ate £anni£is with app!icabk~ law: s:.,h canft~t shalt hat rt"GCt
<br />m1ur e~un~vs~:ea_a~c a~f eha, al=nn ~ ar tit°. ?~!:n; wfti^eh - t•.' .;~ ;<~°.- hlti~ut tl'~ ~,s of c :nom - .sue ;r ~ ~ i a~~
<br />end cite orovisiatrs of tip IYfartg and the Nate are dactared to be se+rerabie. y {
<br />2d. ie~-'e ~agf. $arrawer ;hall bZ ft~tnis#reci a ranfarmed rapt' a# the Nacc and a# this Mortgage ai tits tithe
<br />of ezxrstion ar after tvcordatfcxs hereof.
<br />I7. T of eke Ptruparty; Ate. it ail ar any part of the Property or an interest therein is sold or hansferrad
<br />by Borxovar without LantPar'a prior written consent, eze!irding {s} the creation of a lien at encumbrerue subordinate to
<br />this iitortgaga, fb} the creation of a purcf ass money security interest ter hatrsehold appliances, {c} a transfer by device,
<br />dasa-~trt ar b3' aperatfon of taw span the death at a joint tenant or idi the grant of any leasehold interest of three years ar kss
<br />hat aantalainq an aptfon to purcbtse, Lender may, at l.endar's option, declare al! the sums secured by this Mortgage to ba
<br />immediately doer altd payable, Under shaft have waived such aptian to accekrata if, prior to the sak ar trrlafar, Lander
<br />acrd the person io whom the Property is to bo ~Id ar transferred reach agreement in writing that the credit of such parson
<br />is sat~fa£tory to Leader amt that the interest payable an the sums secured by this Mortgage shalt be at such rata as Lelxkr
<br />shah regtlast. If Lander Ptaa waived the option to acca!erata provided in this paragraph 17, and if Baerower's surcesssatr in
<br />iettarast Peas axaeuted a written assumption agreement accepted in writing by Lender, Lender shat! release Harrower t'rmn alt
<br />obligations uadar this Mortgage and the Ns~,
<br />If I *~~ axercisru st~h arption t+s acs rate, I<€r shalt mail Bvrtov~r lexica of ~ralcraian in acaardance wilt
<br />paragraph 14 hetsptrf. SttcPt notice shall pmvi~ a period of trot less than 3Q days from the data the ttatk:a is m within
<br />which Hormwar tatty p»y that auras declared dua. Pf Harrower faits to pay such some prior tct the axpPration of such period,
<br />T.ander tttay, without further notice ar dratraad an Harrawar, invgke any remedies perntitred tiY paragraph 16 hereof.
<br />Ntirt-C?xttroteat C~r~~t~serv. Barttit±erar a,~l leer f+!er crtvanan*. and agree as ftriiaws.
<br />P8. Rierailaa# Tuck as ~ ~ ~ I7 kereaf, aeon Ht-rra-r+as"s kreach at trey eaveaeeal ~
<br />at ~ da tt~ 14$oe4~agse P~ tlbe tyevap#wt~ to pay r~kar+ ~Y aum& tataatird ky t~
<br />_ii ~ e,t-~~ as pray is pae~rapk ~ karaat spy: t1? tka kt+t~lekq
<br />~} tlMr a t!aquhid ~ eas+e taarL ise~k3 (3T a dNe, ttari ksa tkaae 3~ ~ trace eke ~ eke aaKca ti 8 ~ Barrtavrer,
<br />-lay >± ~ts~ ~ *~P}-tt faiiatr td sue- ->~-~-~ ~fiirs #trc kt ilt~ +naa
<br />tip er:+atH (a aeF t8e a at:aat~tby i5is ~iat~pge, tare ky ~ ~ cad saps ~ tka PY.
<br />Tie uol9re e~ t'u=d6Fr ta[aras lSa+~gavrc at-tgee ZQ testa ad0er accakrtat~a stau3 doe tit Bt asaart In the toredeawa
<br />- .. - praKa~4eK,tk! st~xL#enc0. ~.i:cr~Rt1PE Uit-afrY at~1r iietarroe dt-'isoa~wrer t0 p attd fat~elQaHta.. ~ tka ltreaek
<br />ie artt a-urott act or trataes td~c date ~eci7ted In 16at ~ :attdar id 1.atstPtu'at tPan a elate aq at eke soma aacated by
<br />I~del 1-tott~gngt to mo ~ der attA wya6le wkS¢otit tmfhac d tt~ ~,* fasaaPnars by ~ p~~: Lsnrler
<br />- a>~ll l?e •_~r-titf~ to €zrfle€t fs aacch pamer,~ rtH ex e9? , matte ta, cars'' aE
<br />- _ :wruc9~cr arrsraau wu~u uux cspvtcs. - - - - - -
<br />is. a`raarateresa iaiyiva rat ~eacriate. 1'+r'atv;tis:ancLng %aitthx`r; aferAtlEtn ar[ the sums secured by this Mortgage,
<br />u ~ .,~ ~ ;,~r s;_. ~ ~~ ta_ ~ .,~ ?~^~, Irv - :~ rte `_? ~~ uriS z~rc~:ca=a,:- disrr^ntanu~ a, any a
<br />
|