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<br />79-- ~-U4356
<br />Lender's written agreement or applicable law. Borrower shall pay the amount of all mortgage insurance premiums in the
<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 Bortower and Lender agree to other terms of payment, such
<br />amounts shat' be payable upon notice from Lender to Borrower requesting pa}•ment thereof, and shall bear interest from the
<br />date of disbursement at the rate payable from time to time on outstanding principal under the Note unless payment of
<br />interest at such rate would be contrary to applicable law. in which event such amounts shall hear interest at the highest rate
<br />permiss@rie under applicable taw. Nothing contained in this paragraph 7 shalt require Lender to incur any expense or take
<br />any action hereunder.
<br />& Irapertioa. Lender may make or cause to ix made reasonable entries upon and inspections of the Property, provided
<br />tt•.at I ruder shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest Sn the Property.
<br />4. Coadesnation. The proceeds of any award or claim for damages, direct or consequential, in connectior. with any
<br />condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned
<br />and shall bt paid to Lender.
<br />In the evens of a total taking of the Pmpert}'. the proceeds 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 />otherwise agrte in writing, there shall be appiied to the Sams secured by this Mortga¢e such proportion of the proceeds
<br />as is equal to that proportion which the amount of the sums secured by this Mortgage immediately prior to the date of
<br />taking bears to the fair market value of the Propert}' immediately prior to the date of taking, with the balance of the proceeds
<br />paid to Borrower.
<br />If the Property u abandoned by Borrower, or if, afier 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 30 da}s after the date such notice is
<br />mailed, Lender is authorized to coi}cet and apply the proceeds, at Lenders option, either to restoration or repair of the
<br />Fropem° or io the sums secured by this Aiortpage.
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend
<br />or postpotx the dtte date of the monthly installmrnts referred to in paragraphs i and 2 hereof or change the amount of
<br />such instatlmsnts.
<br />is. ;~o~ Not Seitzsed. £ztension et the time for pa}•ment or modification of amortization of the sums secured
<br />by this Mortgsge granted b}' Lender to any successor in interest of Borrower shall not operate to please, in any manner,
<br />the liability of the original Borrower and Borrower's successors in interest. Lender shall not be required to commence
<br />prvetedings against such successor or refuse to extend time for paymrnt or otherxse modif}• amortization of the Burns
<br />soured by this Mortgage by tsasan of any demand made b}~ the original Bormw~er and Borrower"s successors in interest.
<br />11. Forbr~risce by Lender Not a Asivr..An} forbearance by Lender in exercising am• right or retnedy hereunder, or
<br />atiserwise afforded by applicable law, shall not fie a waiver of ar preclisde the exercise of arn• stub right or remedy.
<br />lice pmctttemeni of imitruur or the payment of razes or other liens ar charges by Lender shalt not be a waiver of Lender's
<br />tight to arta=kratt the taaturity cf the intiebtedrtrs scented by this Mortgage.
<br />12 Raae~ies C®+1a8ve. A3i rettxdia provided in this ASortgage are distinct and cumatatnr to any other right or
<br />remedy candor this Mortgage or afforded by taw ar egvirv. and may tse exercised concurrently, independently ar successively.
<br />13. Sacceaaots and ~~ Boatel; 3o®t aed 5ererai I,iabOilrv: Captions. The w<rnants and agreements herein
<br />ccvntairttd shaA bind, and the rights hereunder shall inure to, the respecti<r su.-cessors and as<ians of Lendrr and Botrauer,
<br />subject to the provisions of paragraph I? hereof. .411 covenants and agreements of Borrower shalt be joint and several.
<br />The cxPtions aatd headings of the paragraphs of this Mongage are fur ramenienre only and are not to I>e used to
<br />inttrpnet or define the provsioces btrrnf.
<br />IL Notice- Esxpt for an}• ratite rr~uired under applicable law to be given in another manner, ta) am• notice to
<br />Bs~rr.'rwrr Frorided for in this Mortgage snail be given by mailing such notice by certified mail addressed to Borrows at
<br />the Property Address or at such other address as Barrawtr may desienate b}' notice to Ltndcr as pen<ided herein, and
<br />{bi any netiee sa Lender shat! be given by verified mail, mum receipt rrqutsird, to Lenders address stated herein or to
<br />nreh otlrer address as Lender may designate b} notice to Borrower as pnn-i~d herein. An} notice providtd for in this
<br />Morgage sba?I be dtemtd to hair i+e~s given to Borrower or i_tndtr when gi<en in the manner r`~signattd herein.
<br />13. L`affesi : Gorena~ I.aw; Srrerahiity. This form of mortgage ;, mhirtes uniform c ~. rnants far national
<br />ttse and non-uniform rayertants uit6 limited variations by jt;tisdict+an to rorstitutt a uniform stcunn- instrvmrnt rnyering
<br />real Pmpery- This Mortgage shop br gm•erced by the law of the jurisd :^tian in which the Pmpem•ss located. In the
<br />curet that any prayisicm of clause of suss Mortgage ar the Nate mnflirts with applicable law, sixlt ciutilict sh:l! not affect
<br />nii>ar prov~• o-r t~:s ?s!...,gae°t o. ub* N-,-.;r wh*<..h ~ - ;~ giy~ ztlz:, wit#~xJt rhr c~iP-.irting pro<zcior:, and to the
<br />etas the ~S °+sims of tltt Ms+t•tSagr and flu Aote are declared to be severahlr.
<br />It, lowmwet+s Cepr. Bort'ewtr shad be furnished a a~nfamsrd :spy of the `:ore atx of this I.i ~rtgagr ai the tittx
<br />of eatcath+n or afrer recaedariioa hereof.
<br />19. Trasder ref for irept9ty; Aaasption. If elf or any part of the Pmpcr•,v or an interest tisrrr's.^. is sold cu transferred
<br />~ Brnrnwer w•itlwwt Lrisder's prior arittrn consent, excluding tal the creation of a lien isr ttx-umbratxr subaniin:te to
<br />ibis Montage. (b't the Cita[io1! t>f a putct:ase tnonty security interaa for housthald applianxes, trl a transfer by dr<•iae.
<br />descant or by aperatitatt of aw t.=~t the death of a joint *_cnant or +d+ the grant of an} lraaehaid interest c f three years or less
<br />not oosnast~ us op4im u.` purclsaat. Lea3v may, a[ Ltndcr's a}uicxt, drelarr all the sums sec::rtd b}~ this Martgagr to be
<br />immediately due acrd payable. Lendrr shalt ha<e r<aeved such opthat m aa:elersu if. prior to the sale or transfer, Lender
<br />atsd the prrsne zk' «}raas the Proper,: is ro tse said o* transferred reach agrtetnent in writing that the credit of such person
<br />iz sarisfacton~ to Leadu arts mat tbe irricrcst ~}a?t?- ;~ tbe sums a ur~•' b_ this ?ior•,s-age shad tsa ar sck:h rate as Lendrr
<br />rdsaH isgnesR_ if Lrndcs has waived rlar nprian to a~ltratr p~rayidrd in this paragraph 1?, amt if $ormwcr i stscressor in
<br />tntetest ~ tzet-utod a srr•~ .,, =-g '~ a~ermc:t a..._-tp:rc' in writing by Lender, Lendrr shai3 release Borrower from all
<br />o~.ioass tender tits i~tixtgage anet the •.~tste.
<br />If Lewder ectrzites sta3s option to acctleratr. Ltmitr shat! mai3 $orrawer notice of acxkration in aecnrdanet with
<br />parasrapds Il httcof. Such ncaite s2sTl proy»!e a pcri;~ of ~<t leas than 3(I days frnttt the date t}se isotitt is marled within
<br />svhirh Banower may pa} the tarots dsciared due- If Boxrtsaer fails 'n pay txuh cams pricer to the espiraeion of such period.
<br />Lmeier spa;. without fiaYher [saris cr demand on 8orrcw.•er. mvakc an9 rertaatiies permitted by Paragraph 18 hereof.
<br />ItitRV-L'wtioass Covt;.xet.••ts_ Barr~~+rerr and l.s;:dtr'urtlr:.:r<tnant ant! agrx as falaas:
<br />li Atcderatia~ !cooties Eses~t as pea-ided 1n taeatra*6 IT hareeF, stpm )sortowe~s breach of nay rnveasar or
<br />sd ~ Beie , i ".br ~sw.-~ ra p~ rbat dwe arir mmr aeeved by leis Mocf~age.
<br />L~deq prior r a~mtlaa ir! ari >aeeiee bw ^aaswsres s grariied n P If hneof apeePtfyitq: fli the bleach;
<br />#~ 'tie anAiaa ta~aiad b cstme sad eeracic iii a dtt, not leas itws 30 days free ~ date for entice is eaaBed to Dnrrotrer,
<br />h' tnKei aadr bread[ art ie ~ sd i;} IWt ~ b care sae6 ieracb a• ar iefore the dthe specified ire the sotice
<br />t~ ssi L aenolgalloa at the aaiss areteed b; Clffi Aloa+ge, foreclerse bl J procee~g and sob irf the Property.
<br />Tic ttriiee sat fiaetir bras lneewa of tie ~ 19 reiaatale s[ha acrdrsat3oa and the right b assert ire tie forecisaure
<br />paeceeiYttg rite as•e~see 1 a defiaaY er any ~m defaaae M leefirvver 4o aceeieeatba and fereelosare. It the breach
<br />~ not arael as es babore ie ills ttpedssd is tiz aatiee, Lesder ai I,etsies=r optlota say dreLre a6 of the aanas serrred by
<br />iii[ b fie issditMd; tltrr and pe;else w~kloat farms desae~ asd say foreclose by jadkid praeedieg. Lender
<br />.ii Ise e+mfi@d M eairet bt aaei prot..,aiYrg of ezpeeies e< feacclaese, iarladbrg, bat cot Iced to. reefs of darustntary
<br />niduee, aiahaeta and fine repoa4.
<br />19. 11a ~ b > Notwithstarsdirtg Lem=z acrtkration at the sums secured by this Mortgage,
<br />Bortow~a shalt have the ti$st to hays arty procesdirsgs begun b}• Lender to enforce this !.tortgsge dizceminued at an}' time
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