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<br />Lenderr`s?;rritte~n::ifeeerr~i~ezrit efr ~+:I~1yii.i¢abfe l~a~t+~;, n,9et,r r~.t.r rv~~hitl! xisu'y' iflt_ .tt7.rtaiwt i~sf .31k1 ~Ifa`i`x! tr~~~;;, i~~€=sur,t~,i~:.. ~,preu.,~~¢u„ 3=~ ipi~7~ie <br />~n<tn~:e;r pravidt.~k ;critter t,iarar4t gib ?. ht rt~m <br />~',ny aanvasit~t2 dr~b~etrs~eti bg' ~Lentrtit.r ilv~,ar.nn~art f.~; nfalls pas~a,g~rn~ly.~, ? ~g+'iitlho ~I'rtauc!ar, tY~ra°~,.pn„ shalt ~,:Nme ~ath'~ici~n*urtnF <br />?if v ;a.,CJr°, ;,f by this a~~ ?~'~ i2,S5 ~ariav. 9,`.: r f`tS,°.r ' .L-„ 4C ..her ierT:: Cr 3'°mont, .°.faCi'f <br />ainntsnt4 >hail ~ baSableYVpan nat1~.°. rrnm L.enQEr to f5arrb'.K2r reQC:i`*itIn'~' '~aymeni tlaerc:af_ and shall [mar is (i[;PCSt fTa s7 s;ic <br />date of dis~srsement at t?:~ rate pu able frarr, tin-=~ to time ~ _:stand='-=t.n p~nct;~sl nor *:he ?gate ,.^:ess Ya,.~ni of <br />ineerest at each rate a-oa~ld be cantranj to applicable lau•, in which~cvent stleh amatanis shah bearIntcrest at the highesr rata <br />pt;r*nissdtsle under applicable law. '4otlring c ~ntaint<d it this paragraph ' sf:afl r*:aui ~ I_:nder to incur any expense ar ta'ns <br />any action hereunder, . <br />>l. irespec'Jon, Lender may make ar cause to be made reasanalsle entriG upon and inspecirons of the Property, pravtded <br />that Le:xler shalt give %>`sr.-aver n!~tist° pri~4r to nay s.aclt tspectian specif}•ing rr_>s^nabie cause therefor re}ated to Lender's <br />interest in the t'repg_rty. <br />9. Caademnatdon, The proceeds of sn}' award ar claim fcr damages. direct or consequential, in connecfian with any <br />candemnatian nr ether taking of 4he Pra{.~:rty, or par4 thereof, ar fcr conveyance in lieu of cvndcmnatian, are ltere'vy assigned <br />and shall be paid fo Lander. <br />In the avant of a total taking of the Properiv, the: proceeds shall be applied to the sums scoured by iltis "dTvrigage, <br />viith the excess, if any. paid to Barre-~-er. Sn the event of a partial taking of the Property, unless Rorawer and Lender <br />otherwise agree in writing. ±ltere shall be applied to LIIe sums secured by this hlortgagc such prapoznial: of the proceeds <br />as i~ ozaal to that proportion which the amauznt of She sums ct:cured by this i~{ortuage immediately prim to the date of <br />taking bears to the fair market value of the x`'raperty immediately prier tv the. date of taking. with the balance of the proceeds <br />paid Ta Borrower. <br />If iht: Property is alaaadaned by Borrower. or if, after notirP oy Lender to Boreower that the condemnor offers to make <br />an award or settle a claim far damages, Banower fails to respond is Lender within 30 days after the date such notice is <br />mailed. Lender is authorized to collect and apply the proceeds, at Lenders option. either m resfaraHon or repair of the <br />Property or to the sums secured by this Mart¢~age. <br />Unless Lender and Borrower otherwise agree in writing, ar.}° such application of proceeds to prireipal shall not extend <br />ar postpone the due date of the monthly installments re€etred to in paragraphs l and 2 hereof ar change the amount of <br />such installments. <br />16. Borrower Not Released. Extension of the rime for payment or mvdiflcation of amortization of the sums secured <br />by this Mortgage granted by Lander to any successor in interest of Borrower shall not operate to release. in any manner, <br />the liability of the original Borrower and Borrower's successors in interest. Lender shall not be required to commertce <br />;aroceedings against such successor ar refuse to extend time for payment or otherwise modify amortization a1 ilte set-r"s <br />secured by this Martr_a¢e by reason of env demand made by the original Borrower and Borrowers successors in imerest <br />11. Yrorhearaaee laY i:eader lVof a i'paiver. Ary forbearance by Lender in exercising any right oe t-eraaed3% l'.etoita:3er, ar <br />otherwise afforded by applicable law,- shall oat be a waiver of or preclude the exercise of any such right ar rerztedy. <br />The pracureinent of insurance yr the payment of taxes ar other liens or charges by Lender shall not be a waiver of Lender's <br />r`iglrt to accelerate the maturity of the indebfedness secured by this Mortgage. <br />22. ttrmgd~s CtttsataHse. Ail remedies provided iti this Mortgage are distinct and cumulative to any other right or <br />remedy under this Mortgage ar afforded by taw ar equity, and may be exercised concurrently, independently or successively. <br />13. Sace~ats.and Ads Boatidf joint and Sev¢isi fiabHlfy; Csptlass. The covenants and agreements herein <br />contained shalt bind, and the rights hereunder shalt inure to. the respective successors and assigns of Lender and Borrower, <br />sahject to the pros'isians a# paragraph 17'hcreof. Ali covenants and agreements of Borrower shalt be joint and several. <br />'t'he oaptians and headings of the paragraphs of this Mortgage are far convenience only and are not tv be used to <br />interpret or deflrte the previsions hereof. <br />14. 2$lafdce. Lixcept fur any nottce required under applicable law to be given in another manner, (a) any notice to <br />Borrower provided for in this Mortgage shall. be given by mailing such notice by certified mail addressed to Borrower at <br />the Property Address or at such other address as Borrower may designate by notice to Lender as p;vvided ltertin, and <br />{b} any notice. to Lender shall be given by certified mail, return receipt requested, to Lender's addre~ stated herein or to <br />sticlt-otheratldrxs as Leader tttap designate by notice to &3rrawer as pros-i$ed herein. Any rntira pro:~i fur in this <br />Moiga sh~li be de~a,gd is have begin gi- ~n in Bnrraxer ar Lender ,hen given in the ~R*ar,er ig=natsd ltcr'eia= <br />IlS: Lrttffasm Morlg~e; Gavcrnfag Law; Severst!'~ity. This form of mortgage combines uni€Iwm covenants for national <br />u~ and two-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering <br />- Kai ~ ..~ .fit I,,. sit,: is--~ „P xha a,sr:.c~+rti~ in uttirh tiv. Frn%m+ is ..rois..i n inw <br />r Tiiis 3S.«.a~.,n =A ., _____.. _. __,_ <br />~..._ .Ia„~ ~f this n;In,ia _ r tbe nTnre ~rtinuiois with annd"scahla Iuw. such eoniilct,snall nat'a~ett <br />other provisionsiofsthis Mortgage or the Nate which can be given effect withrnti the coniticting pravisiaa, and ie ih <br />cad inn pravishtns of ilt< Martgaa~ and the ^late arm via,-cd to be sevG,~bl~ <br />iii. west "~~,~w~ s <ti be f~.t.--~iaitt;d s c:~~far..~,. ropy of ih~ ~vtz and ~ chi. Ma~~ a at °'~ t~'~ <br />of execution or after mordation hereof. ~_ <br />I7. Trager a4 else t?rapcriy; ?lmaatptian. if alt ar any part of the Property or an interest thezein is sold ar transferred <br />by Borrower whhaux Lender's prior written consent, excluding (al the creation of a lien or encumbrance sub:,rdinate to <br />this Mortgage, (b) the creation of a purchase money security interest for household appliances, (:.} a transfer by devise, <br />descent ar hp apcraiion of law upon the death of a faint tenant or {dt the grant of any IeasehoW interest of three years ar }ass <br />twt coaiainiog an option *a purchase, Lender may, at Lender's option, declare all the sums secured by this Mortgage to be <br />immediately due and payable, Lender shad have waived such option to accelerate iL prier tv the sale or transfer, Lander <br />and ilte parser. to wtarnn the Drapery is to be sold ar iransfern:d reach agreement in writing that cite credit of such person <br />is satisfactory to Leader and that the interest payable au the sums secured by this Mortgage shall be at such rate as Lender <br />shit req~Y.st, if t ender hoe waived the option to accelerate provided in this paragraph 27, and if Borrower's successor in <br />interest leas cxxuted a written assumption agreement accepted in writing by Lender, Lender shall release Borrower from all <br />obligations under this Mortgage aqd the Noie. <br />If Letader t:xert:ises stn-h option in accelerate, Lender shall mail narrower twtic~ of aeccleratiotl in aeeat~ttce with <br />paragraph I4 lterc'clf, Such notice shalt provide a period of not less than 30 daps Pram the date tfle natic~. is mailed within <br />which Bvrroiter may pay, the sums declared due. If Borrower faits to pay such stems prior to the expiration of such period, <br />Lender may, without further notice or demand nn Borrower, invoke any remedies permitted by paragraph 18 hereof. <br />-_.~. r h Z.U"r :c.~7#T•:r. SLi~TVV4Ei- iH#i i:,fildir till c °i-ti'avci~ssr.t a~ a°' as fa-~`s'1# Ra: - <br />- - =isftai'+-l;ic3"'(hi, 'te_ _ 6 -- <br />_ - ~i`:..:.1:: ^t..,.'li °~»,.°tal.°..`.. 7~°~~Y'~`~`.~ }~:~9s. }'I.. ~iCIS'Pf: N~4-~ StQat4'~~ C~ O~ Y0Y tf9Ylflaafi i~[ <br />~resarent :af Dorravver in this i~futYgt+ge, ~ludile}g the eoreaants to lwy whoa dnE tmy earns secured by this Martrrge, <br />;ixuder print 4o ucceleratfon shall. malt notice fu $airavr+er ~ ~<tvided in Ed hereof ~cc~yiag; (I} fie ~i <br />{1-j the action reeittired to cure such iareach; (3) a date, teat 1~° thra ~ tram t rim tiea6iee ~ tats ia'~sr, <br />by ankh each tlrcactt m~ 6e cttxcd: and {4) thnf fainge to cure each breach oa ar before the date ~ecBied 3a the natlce <br />arse result in acceleratlan of the sums secured by this Mortgaf{eF fat[r, by jtttlisia# ~ e ~ ~e i~~ <br />Toe notice sh>a'l i`artirer lnfo~ 4,.~rrowc-t° of the Itghf to rcittsLGte aftes'~a cad rlSht era tart in tli~ ttrreelosatro <br />groccedirg tine ecru-exbtomr of a default or +ny other de#euse_tr~ Barta~u" tp secslesxtiua a~ famciasa=ra•• if the kremch <br />is tsvY cured oa 9r lacfurr flee data ~;tractfied in the rot:cc, t.erct:er a~ Lttt~t'& eptiup maj 3eclare ail ~ the attars sPcvred by <br />a....._.,.u.. <br />- irjis &lort$itge trj be txly d~ cad Qayafrle without further dmn>aat4 a~ may faruckrse by ~}af prvctedia~ Leader <br />aitn5t 'roe ena8c~ is couec4 iG enc6 rpa;acet+dFr~ all e_cper~ts aT EarectesFre, iarla, leaf. ai+f liY.tiled tOe ec:sts of tiseataeatary <br />_ ccidxace, a6aYrscts ait+d olio reports. <br />94. Sarcowsr'€ L~fa_bi to Reixsdste. Natwithstandirg f.undec's acceferatton of €hc stems secured lay this irlartgage. <br />Borrav-~ shall have Lhe right to ttava auy prareedings begun lsq Lersder tLr enforce this Mortgage disconNnned at any lime <br />