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«~u,w~ ti,llt al..~',~e.,,l91,.~,.wi~.w~$
<br />Leiaia9'~ku ~~dnilta;r~a argre;trn~+:nit +,r aapliealbie 'llau~+u~. lta~rr~rwie,r s9±,ulll liay thse xanc9titut i,ar ,~i'.l rrr?mf~_r3;e in~9rroi ~n~,.e Iw~r:..uu+.um~~rei ii,n, ~~r),r:
<br />r~arara~~r c~r'c+u,ida•~cI uxt;l'er ~,;:arzrap[r 2 '~rw,oi,"".
<br />f~ting• aernouroNLS drsb~ussed by ]Lzader~ p~eTrstwvut to tPei~3 pae`xgre7~h r,•rth interest t~•cr~•n. s'Fr~a41 be~c+.•nrc ad:.'i~tisY~~rai
<br />indebt;,daess n* E_: rowzr se.^ured by tzris !.iortgage. Iniess Borrower zed 1_ender agree ra ether tens of paymem. u_it
<br />- ,...r;ts ,a., . ayrble =- earl trctic- om ..ender to Ile^awet r;.q:v-,ling par:bnt thes:~.' and =hat= :mar imzeest fearer tftz
<br />date of disbursement at the rate payable from ti.^te to tine an outstanding prncipal vader the 'yore unless paymea: of
<br />intermit at such .*ate :=~auld bz oantrar}• tc applicable law. in whip?; event such amounts shall bear interest at the higfiest ;ate
<br />permissible under applicable law. Nothing rontained in this paragraph 7 shall=equine Leader to incur any expenx or take
<br />any action hereunder.
<br />8. Inspecrloa. Lender may make or cause to be made reasarable entries upon and inspections of the Property. provided
<br />that Lender shalt give Borower notice prior io any such inspzctien specifying reasonable cause therefor related to L.ender's
<br />interest 9 ; th, Property-.
<br />4. Candemration. The proceeds of any award or claim for damages, direct or con~quential, in connection with any
<br />condemnation or other taking of the Properly, or part thereof, or for conveyanze =n lieu of condemnation. are F:ereby assiened
<br />and shall be paid to Lander.
<br />[n the event of a total taking of the Property. the proceeds shaIl be applied to the sums secured b~• this Mortgage-
<br />with the excess, if an}'. paid to Borrower. In ?he event of a partial taking of the Property. unless Borrower and Lender
<br />otherwise agree in writing, there shall be applied to the sums secured by this Mortgage such proportion of the proceeds
<br />,as is equal to that proportion which the amount of the sums secured by this Mortgage immediately p,-ior to the date of
<br />taking bears fa the fair market value of the Property immediately prior to the date of taking, with the balance of the proceeds
<br />paid is )3orrower.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the crondemror offers to make
<br />an award or settle a claim for damages, Borrower faits to respond to Lender within 30 dzys after the date such notice is
<br />mailed. Lender is authorized to collect and apply the proceeds, at Lender's option, either to restoration or repair ~f the
<br />Propert}• or to the sums secured by this Mortgage.
<br />Unless Lender and Barrewzr otherwise agree in writing, any such application of proceeds to pr°.ncipal shall not extend
<br />or postpone the due date of thz monthly installments referred to in paragraphs I and 2 hereof or change the amount ::'
<br />such installments.
<br />10. Borsa:~an Plot ~elcased. Extension of the time for payment or modification of amortization of the sums secumd
<br />by Phis Martgo~c granted by Lender to any successor in interest of Borrower shall not operate to release, in any manner,
<br />the liability of thz original Borrower and Borrower's successors in interest. Lender shall not be required to commence
<br />proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the sums
<br />secured by thic tylnrtgagP by reason a(a v demand ,node t,y the ..al txarra.,.er and Rt,,rra.ynr•5 st•cee~+rs ;,. inePresr,
<br />11. Forbearance by Lender Plot a ~daiver. Any fort>rarance by~Lend_r in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable law, shall not be. a waiver of or preclude the exercise of any such right or remedy.
<br />The procurement of insurance or the payment of [axes or other liens or chazges by Lender shall not be a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />12, Xemetlies Cumulative. All remedies provided in this Mortgage are ~'istincf and cumulative to any other right ar
<br />remedy under this Mortgage or at?orded by law or equity, and may be exercised concurrently, independently or successively.
<br />i3. Successors and Assigns Bound; Joint and Several Lia67ity; Captions. The covenants and agreements herein
<br />contained sl-tall bind, and the rghs hereunder shall inure to, the respective successors and assigns of Lender and Borrower,
<br />subject to the provisions of paragraph 17 hereof. AlE covenants and agreements of Borrower shall be joint and several.
<br />The captions and headings o€ the paragraphs of this Mortgage are for convenience only and are net to be used to
<br />inierpmt or define the provisiaas hereof.
<br />14. ii'otic>_. Except for any ratice 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 Froperty Address or at such other address as Borrower may designate by notice to Lender as provided herein, and
<br />(b) any notice Yo Lender shall be given by certifizd mail, return receipt requested, to Lender's address stated herein or to
<br />such ocher address as Lender may designate by notice to Borrower as provided herein. Any notice provided far ir, this
<br />'~sartcage s. ., ~ d~m:d to have been give., to Barra-wer ar Lander when given rn the manner designated herein.
<br />15. Uniform Mortgage; Governing Law; SeverabBity. This form of mortgage combines uniform covenants far national
<br />use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering
<br />real prop; rty. '[iris Mcu-tgag,: shall he governed by the law of the jurisdiction in which tine Property is located. [n the
<br />event ti:at ~ clausz of [his ala;±gage ^, the Mete ;anP,icts with anplicahl° lave. such ctnflict s1:all nu gf'fect
<br />other provisians-+af This mortgage or the Note which can be given effect without the convicting provision, and to this
<br />gnu' the provisions c the 'crtgage and lire Note are declared to be severable.
<br />... --..o - . CoL.r. Bs owzr shall b~ furnished a canfo;med copy of the N-ate and at this Mortgage at the true
<br />of execution or after recordation hereof.
<br />17. Trager of ehe Property; Assnmpdon. If alt or any part of the Property or an interest [heroin is sold or transferred
<br />by Borrower ~:ithout finder's prior written consent. excluding (a) the creation of a lien or encumbrance subordinate to
<br />this Mortgage, (b) Ehe creation of a purchase money security interest for household appliances. (c) a transfer by devise,
<br />descent or by operation of law upon the death of a joint tenant or fd1 the grant of any leasehold interest of three years or less
<br />rat containing an option to purchase, Lender may, at Lender's option, declare all the sums secured by this Diertgage to be
<br />immediately due and payable. Lender shaft have waived such option to accelerate if, prior to the sale or transfer, Lender
<br />and the person to whom the Property is w 6e sold or transferred reach agreement in writing that the credit of such person
<br />is satisfactory to Lender and that the interest payable on the sums secured by this Mortgage shall be at such rate as Lender
<br />shall request. if Lender has waived the option to accelerate provided in this paragraph 17, and if Borrowers successor in
<br />interest has executed a written assumption agreement accepted in writing by Lender, [.ender shalt release Borrower from all
<br />obligations under this Mortgage and the Note.
<br />[f Lender exzrcises such option to azcelerate. 1_ender shall mail Borrower noticz of acceleration in accardanec wi£h
<br />paragraph 14 hereof. Such notice shall provide a period of rat less than 30 days from the date the notice is mailed within
<br />which Borrower may pay the sums declared due. If Borcower fails to pay such sums prior to the expiration of such period,
<br />Lender may, without further notice ar demand on Borrower, invoke any remedies permitted by paragraph 18 hereof.
<br />...,., y...,ru .....~.a. _ .n,~+o. yarrcn er an., r, forth. r CilYenant and asTEe aS faiiaw5:
<br />ia. Acceleration; Ltemedies. racept as provided in paragraph 17 hereof, upon Borrower's breach of any covenant or
<br />agreement of Borrower in this Mortg~e, including the covenants to pay when due any sums scented by this Mortgage,
<br />if.eader prior to acceleration shall mail notice 4o Borrower as provided in paragraph 14 hereof specifyiogt (1) the breach;
<br />(2) the acttasn required to cure such breach; (3) a date, apt less char 3o days from the date the notice ~ matted fo Borrower,
<br />by which such breach moral be cured; gad (4) that failure to core such breach on or before the date specified io the notice
<br />tray r~14 in acceleration of the sutra seemed by thss Mortgage, foreclosure by jeedicial proceeding and sale ~ tBe Property.
<br />The nofisce sbstll further 6eform $orrower of the right to reinstate after eccelerstion and the tight to amen ie the foreclostere
<br />pracetdirtg the non-existence of a defa_`.t or any olher defe~e of Borrower to acceleration aced forecl~are. Tf the breach
<br />is twt cured on or before tine date apecifled in the notke, L+endes at Lender's option may declare all of the soma secured by
<br />this A'Iottgage to [se immediately due and payabk without further demand and may foreclt>se by juaiclal proceeding. Lender
<br />abaIl lte entitled to collect in staeh proceeds all experrsea of foreclt,sure, including, but not timed to, costs of docnmsatary
<br />evidence, ai!adraeds and title reporta.
<br />iy, uottawet's iZghi to IBet~iate. Notwvithsiartding Lender's acceleration of the sums secured by this Mortgage,
<br />Borrower shah 'nave the right to (rave any proceedings begun by Lender to enfor.e this Mortgage discontinued at any time
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