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<br />74- UU44~34~
<br />Lender's written agreement or applicable law. Borrower shall pay the amount of cell mortgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disbut'sed by Lender pursuant to this paragraph 7, with interest thereon, shall become additional
<br />indebtedness of Borrower secured by this Mengage. Unless Borrower and Lender agree to other terms of payment, such
<br />amounts shall )>e payable upon notice from Lender to Borrower requesting paymert 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 bear interest at the highest sate
<br />permissible under applicable law. Nothing contained in this paragraph 7 shalt require Lender to incur any expense or take
<br />avy action hereunder.
<br />S. dnspectian. Lender may make or cause to be made reasonable entries upon and inspections of the Property. provided
<br />that Linder shall give Borrower notice prior to any such inspection specif}•ing reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />9. Coademnalioa, The proceeds of am award or claim for damages, direct or consequential, in connec;ion with any
<br />condemnation as ether taking of the Property. or part thereof, or for conveyance in lieu of condemnation, are hereby assigned
<br />and shalt be paid to Lender.
<br />In the event of a total caking of the Property, the proceeds shall be applied to the sums secured by this Mortgage.
<br />with the excess, if any, paid in $arrower. In the event of a partial taking of the Property, unless Borrower and Lender
<br />otherwise agree in writing, there shall bt applied to the sums secured by this Mort¢age such proportion of the proceeds
<br />as is equal to that pmponion which the amount of the sums secured b}• this lfortgage immediately prior to the date of
<br />taking bears to the fair market value of the Pmpert}• immediately prior to the date of taking, with the balance of the proceeds
<br />paid to Borrower.
<br />t_f the Property is abandoned by Borrower, 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 30 daxz after the date such notice is
<br />mailed, Lender is authorized to collet[ and appFy the proeeeds, at Lender's option, either to restoratior, or repair of the
<br />Propertc or to the s±ms secured by this Mortgage.
<br />Un}es_s Lender and Bormw'er 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 it+. paragraphs 1 and ?hereof or chongt the amount of
<br />such instailmments.
<br />t8. Bortowes Not Rek~ed. Ezteasion of the time for payment or modificatian of amortization of the sums secured
<br />by this iaartgage gtanttd b}• Lender to any successor in interest of t3anower shah not operate to release, in any manner,
<br />the liability of the original Borrower and Borrower's succcson in interest. Lender shall not be required to commence
<br />proceedings against such xuccesser or refuse to extend time for payment er otherwise nodifi~ amortization of the sums
<br />secured b}' this Mortgage by reasan of any demand made by the original Borrower and Borrower's successors in interest.
<br />II. Forbearance by Lender Not a Wafvror. .4n}' forbearance he Linder ir. exercising any right ar remedy hereunder, or
<br />athersise affardtd by applicable law, shall net be a waiter of or preclude the exercise of am' such right or remedy.
<br />The procurcrrsen¢ of itrsuranx or t.e payment of rases ar other liens or charges by Lender shall no: be a waiver of Lender's
<br />tight to accelerate the maturit}• of the indebtedtre=s secured by this liortgage.
<br />f2 dtensediss CetaelNLse. At] remedies pmv-ided in this bfortgage are distinct and cumuiativc to any other right or
<br />remedy under this Mon_gage er afforded by lain , r equit}•, and ma}' be ezerised concurrenth', independtntir or successiveh•.
<br />23. Saccessots aced AssiEns I{oeud; Joint and Severn! daabs'6't}~; Captions. The covenants and agreements herein
<br />cantaitted sttatI bind, and the rights h-sounder shall inure te, the respective successors and assigns of Lender and Borrower,
<br />subject to the provisions of paragraph 1' hereof. .1i1 covenants and agreements of Barrawtr shall be joint and several.
<br />'Iht ~ptiarts and headings of the paragraphs of this Mortgage art for convenience ooh and are nut to be used to
<br />interpret as defmu the provisions hereof.
<br />11. Notice. Exttpt for an}• ttotitt required under applicable lain to be given in another manner, tat am- notice to
<br />$ormw-~ provided for in this Mangage shall be giv'tn b}' mailing such notice by certified mail addressed tc Barrow~er at
<br />the Property Address ar at sxh other address as Borrower may designate b}' notice to Lender as provided herein, and
<br />(bI any twtitt to Lender shall be given by certified mail, retutr receipt requested. ro Lender's address stated herein or to
<br />such other address as Lender may designate oy rtatice to Borrower as provided herein. .4n}' narict provided for in this
<br />Mengagr shall be deemed to have beta given to $arx+w~er ar Lender when given in the manner designated herein.
<br />I=. d.faBors Aiorgase; Goser~ Law: Sewetabiiih~. This form of tmoetttage rnmbirtes uni=~rm covenants for national
<br />use and [ran-uaifatm a+vxnams with limiitd varia*,iens by jurisdictiir. to constimre a eaifotm saur;t. insrivment covering
<br />teat preperY}'. This Mortgagz shall bt gevtrrtd by the law of the jurisdi:ticvn in w-hith the Preps^y is located. In tht
<br />teen[ that am• provisian nr clause of this Mortgaee or the \ote conflicts with applicable law', such canflict shall not affect
<br />c>ilter provisions of this Mangage ar the Nate x~hich can tx given effrt without the rnnflicting pmv-ision, and to this
<br />~dtt prov;s~rs of the Ma.,~oge a. .e ti;-te a- declared tr. be severat;Ie.
<br />Si Iiarfowrr's Caps. Borraw•er~shali bt furnished a rnnfarmed capv' of the Nox and of this Mortgagt at rive tittle
<br />of execution cur after r~erdaiiar. hereof.
<br />77. Yaaaafa of tie Pra}c:t}; Asaasptiost. I,r all or any pan of the Property ar am imerm the; tin is sold or iransfen~
<br />by borrower wiihvwt Irndtr's pear written cansent, excluding Cal the creatior, of a Lien nr en.^umbrance subordinate to
<br />this Mangage, ibl the cteatioa of a purchase money sr.-urn imtrrst for household appliance, Icl a transfer by deviu.
<br />drsttat or by optratitm of taw upon the death of a joint icnam or ids the grant of any leasehold interest of three years ar less
<br />rot caataiaiag an oPt~'n to purchase, Leader may°, a*. Lender's option, declare al! the sums xcured by this Mortgage to be
<br />itaattdiatety due and payatvie. Lender s4taB have w-awed such option to s.~:elerate if, pricer to the ate ar transfer. Lender
<br />and the pttsen to w6itn the Proptn}' is to be sold or transferred teach agteettttnt in writing that the credit of such person
<br />is sar~actan~ to I.ea3e.r and that the interest payable an ±ht sum. secured by this Martgage shah be at such rate as Ltttder
<br />~L regtust. If I.ext~r has waiver ±be option to axtirratt provided in this paragraph l?, and if ~.rraae.*'s successor i
<br />intercat has executed a w•ritiut ass,[.-•tption agreement accepted in writing by lender, Linder shag release Borrower Pram all
<br />obligati~s tender this Martgag< anal the'<ate.
<br />Lf Lto[kr exerises such aptian m aa~eitratt. Isnder shall mail Borrower tvati~ of acceleration ir. accordance with
<br />paragraph 3A Ixreof. Such notix shall provide a period of riot Tess than 30 da}'s tram the dais the notice is maHed within
<br />wtrirh Barrawtr mat' pay the sums declared due- if Botrewrr Fails re pay such cams pricer to the expiration of stx^h period,
<br />I.toder map, e~thcxtt furthu txvtice ar demand on B,-rtmver, invoke any remedies ~e~attted by paragraph IS hereaf.
<br />ASotr-Uxttat>tsa C,ott~xrvtiTS. Barrowtr and Ltrtdtr further cavenant acrd agree as fellows:
<br />tE. Acce6safdaaq Act. Fs~ rr presided ~ paragraph 17 hereof, open Borrower's bench of nay rostsant er
<br />r of Dorretti i• fib Nerfpfge, ®tlediaK fie roi~etuaK W pay when doe cent some secured by this Motf=age,
<br />I.ex3v ~ sa ~ ~ a~ setist ~ Bfrrewrt ~ Prav~ ;E Paragraph 1S azseat ~-ityiag: (ll tit brtaeb;
<br />f2) lie nelafea b tear arch broth; i3l a dau, not kav ilea 36 days tram tie dace tit notice k maBed to Borrower,
<br />ii' ~ tats beear6 ~ be engird; aced Pal fiat hYnfe to onto such bread ae ar before tie dare sptcitied in tie notice
<br />.t{g rraell is aecedvatioa ~ tie mans aecrosd iy file MiorltaBe, toteetosse M jrdicial proretditg aced sett of tit I4opeAy,
<br />'ftie Walks sW feather beforaa )Porfewer of the risitt to teiaatse nitro xct7eratioa trod the rgit to assert is the forrcd~nre
<br />laoeatiitaB iYt raa~aet of a defanh ar nary ether defeese of Borrower to accdcratiea aed fosetiosare. If tie breach
<br />k neR tad ore er beiaee ~t ds~' a rig eotite, Lades ~ Lender's optioe may der4re a8 of tie sass sernrrd by
<br />ibis tb Tae Y ~ and Pryaife wifiaof fuatlaer demand and ~} Iarcclose by prdiciai Proceeding. Lender
<br />siaH ie eaWfed fa toiled in soli Proccroibg uB tzpeares of Earrclosure, iaeladfat;, but me broiled to, costa of doeamtsary
<br />aviiwee, abakerht and title rrpoelL .
<br />19. fiarfown's ~ Lo Rrbeltale. Nar~'i;hatattd*.ng l.endei s acceleration of the sums secured by this Mortgage.
<br />Borf'ower shall lust the right to haw, any proceedings begun by Lender [o Enforce this Mortgage disconrinued a[ any time
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