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<br />79-- ~,,, €,1.' .l 2
<br />Lender`s written agttemtrrF or applicable law. ;iorrowtr cleat! pay the a,:,ount of alt mart~~ge insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Leuud, pursuant io i"is fa.a~.ap„ ''';: ..,mgr sranrF.,., s>aail hrrnmr gddifiarsai
<br />indebtedness of Borrower secured by this Mortgage. LJnless Borrower and i.ender agree to other terms of payment, such
<br />amounts shall be payable upon notice from Lender to sorrawer requesting payment thereof, and shall bear interest frottr the
<br />date of disbursement at the rate payable- from time to-time an outstanding principal under the Note unless payment of
<br />its at such rate would be co~rary to applicable law, tit which event such amotmts shal3 bear interest ai the highest raft
<br />permissib}e under applicable taw. Nothing contained in ibis paragraph i shaii require Lettder its i~-az ary txptns.: ar take
<br />any action hereunder.
<br />g. IarspecHaa. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that Lender shall give Borrower notice prior to any such inspection specifying reasonable cause tlrerefar related fo Lender's
<br />interest in the Property.
<br />9. Coademaation. The proceeds of any award or claim for damages, direct or corsequential, in connection with any
<br />cartdemnatiarr or other taking of the Property, or part ttrereof, or for conveyance in lieu of condemnation, are hereby assigned
<br />and shall be paid to Lender.
<br />In the event of a total faking of the Property, the proceeds shall be applied to the sums secured by this Mortgage,
<br />with the excess, if aiy, paid to Bottower. In the event of a partial taking of the Property, rm{ess Borrower and Lender
<br />otherwise agree in writing, there shall be applied to the sums secured by this Mortgage such proportion of ffie proceeds
<br />as is equal to that proportion which the amount of the sums secures by this Morgage immediately prior to the date of
<br />taking bears to the fair market value of the Property immediately prior to the daft of taking, with the balance of the proceeds
<br />paid to Borrower.
<br />If the-Property ig abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to makt
<br />an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date such noti:x is
<br />mailed, Lendtr is authorized to collect and apply the proceeds, at Lender's option, either to restoration or repair of the
<br />Property or to the sums secured by fists Mortgage.
<br />Unizss Lendtr and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend
<br />or postpone the due date of the monthly installments referred to in paragraphs i and 2 hereof or change the amount of
<br />such installments.
<br />78. ;Borrower Not Released. Extension of the time for payment or modification of amortization of t}w sums secured
<br />by this Mortgage granted by Lendtr to any successor in interest of Borrower shaii not operate to release. in arty manner,
<br />the liability of the original Harrower and Borrower's successors in interest. Lendtr shall not be inquired to commence
<br />proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the sums
<br />secured by this Mottgagc by reason of any demand made by the original Borrower and Borrower's successors in intermit.
<br />71. Forbearance by Letukr Plot a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable Paw, shalt not be a waiver of or preclude the exercise of any such right or remedy.
<br />The; pracureatent of insurance or the payment of taxes nr other liens or charges by Lender shall not be a waiver of Lender's
<br />right to accelerate the maturity of the indtbtedttess secured by this Mortgage.
<br />12. Remedies Cuartrlatlve. Alt remedies provided in this Mortgage are distinct and cumulative to any other right or
<br />remedy under Ehis Mortgage or afforded bg law' or equity, and may [ae exercised cancurrenFty. independently or successively.
<br />13. Saecemars ~d Amens Baarrd; dpitrt and Several I,iabt'liry; Capttoas. The covenants and agreements herein
<br />contained shall bind, and the rights hereunder shall inure to, the. respective successor and assigns of Linder and Borrower,
<br />;nbj ;~ io 21st pravisio,-ss of Yaraa.aph l? htreaf. Ail covenants and agreements of ;;:,: awtr shall be joint and cavern!.
<br />The captions and headings of the paragraphs of this Mortgage art for convenience only and are not to 6e used to
<br />interpret or define the grovisiotss hereof.
<br />14. Plotlet. I?xcept for any notice required under applicable law to be givcrr in another mantrer, (a) any notice tr*
<br />Harrower provided for in the 'hortgage shall be giver, by mailing such notice by certified mail addressed to Harrower at
<br />the Froperty Address or at such other address as Borrower may designate by notice to Lender as provided herein, and
<br />(b) any nonce to Lender shall >x given by certified msil, intum receipt requested, to Lender's address stated beret„ or to
<br />such other address as Lendtr may designate by notice to Borrower as provided herein. Any notice provided far in this
<br />Mortgage shaii tat deemed to hove 1;~ giy~en to I3:±*rower er Lender when given in flee manner ignattd herein
<br />IS. UnNorm Mortgage; Governing Law; SeverahBity. This form of mortgage combines uniform covenants for national
<br />use and. non-uniform covenants with limited variatia~s by jurisdiction to constitute a uniform security instrument courting
<br />real property. This Mortgage shall Tae governed by the law of the jurisdic#ion in which the Property is located. In the
<br />event that any provision or clause of this Mortgage or the Note conflicts with applicable law, such conflict shaft not af[rM
<br />other provisions of this Mortgage or the Note which can be given effect without the conflicting provision, and to this
<br />end the provisions of the Mortgage and the Note are declared to be severable.
<br />16. Bormwet's Copy. Borrower shall be furnished a conformed copy of the Note and of this Mortgage at the time
<br />of execution or afrer recordation hereof.
<br />17. Transfer of t6t Property; A~atnptiw,. If alI or any part of the Property or an intermit therein is sold or iransf~rred
<br />by Borrower withouf L.tndtr`s prior written consent, eccluding (a) the creation of a lien or encumbrance subordinate to
<br />this Mortgage, (b) the creation of a purchase money security interest for household appliances, (c) a transfer- by devise,
<br />dt~tt or by operation of law upon the death of a joint feaant or fd) the grant of any leasehold interest of three years or fees
<br />nut containing an option to purchasr, Lendtr may, at Lender s option, declare all thr 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 ar transfer, Lender
<br />and the ptrsart Yo-whom the Property is to ba sold or lransferrcd reach agreettrent in writing that lire credit of such person
<br />is satisfactory to Lender and that the Interest payable on the sums secured. by this Mortgage shaii be at such rate as Tinder
<br />shall request. if Lender has waived the option to accelerate provided in this paragraph 17, and if Borrower's successor in
<br />interest has executed a written aastrmption agreement accepted in writing by Linder, Lender shall release Borrower from all
<br />obligations under this Mortgage arrd the Note.
<br />If Lender exercises such option to accelerate. Lendtr shalt mail Borrower notice of acceleration in accotztance -with
<br />paragraph I4 herrtaf. Such notice shall provide a period of not less than 30 days from the date the notice is maBed within
<br />which $azrower may pay the sums declared due. If Hozrower fails to pay such sums prior to the expiration of such period,
<br />Lendtr may, without further Wooer or demand on Harrower. invoke any remedies permitted by paragraph i 8 hereof.
<br />Nox-L3xtFaet.t CoveNerrts. Borrower and Letrder further covenant and agree as fotlotvs:
<br />!& Aunt R-as~dt~. F,xcept ~ prot!Ided is garagrrap6 17 hereof, upon Borrower's. breach of nay rnveuaat or
<br />a~.of )$orromer 8a t61s 1Flortgage, f~ladlr~ flee curtaaats ib pay when doe ae3^ aa~-secured by this ~,
<br />Loader p>r6rr tv aeceleratiea s6aH aotlce to Bon'o>tier as proved 6t paragraph I4 hereof y1m~t (l~ t6re breae6;
<br />(2J-Etc actloa required to curs enck bseaeb; (~ a-data, not tees t6aa 30 days-from the dote the notice to nestled to >;orrorrer,
<br />59 w6ic6 each breath must ~ cared; aad (4) tiwt fa9are Nt core svc6 beeseh oa ~ 6eFore the date apeelBtd is t6o ~vtlee
<br />~3' result is accelent(on of the arenas seeurrni :6y #619 M~+~, Pomtosore by, jadklarl pmcadiag sad sale of the Prapenty.
<br />Tree $otin alrall f±~rther iadorm B~7oxlt ~ t~-tig61 to-relrcvtate after atceleeadoa sad the r~6t to assert is !6t Eoeedosare
<br />,pswcteedhrg the Hatt-eicistenee of a dot or acv ot6ei• dtbtnse of ~sstosrtr Err atetMrPRlaa [grime. if t~ 6rsae6
<br />let aotcurvd on ar t•_~fore the date s,iit !'~.aapVtt; Lender sf'~ eptlaa emey deflate aN of the sesme secured by
<br />,blartttage, Eo be immediately dae'ipd pasyabk wlt6atH #arthcr demtttod aead may foreclose by jndlchi proteedleeg. Leader
<br />a6ttilh9 entitled to coilcctin 9ec6 proems ~ expt>~a ~ tolrEClAtitlre; iaeluding,-bat not !ladled to, costs of docn~hry
<br />ertdeae~ abstttleb and t#tta n@oits:,
<br />19. ~orrowea's W Rt6tttate. Notwithatandirig lender's'acceleratian of the sates secured by this Mortgage.
<br />8otrowtr shall have rite tight to hays any proceedings begun icy Lender to- enforce this Mortgage discontinued at any time
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