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79-~-~ ~~~°it3~~~
<br />Lender's written agreement or applicable law. Borrower shat) pay the amount of all mortgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />Any amounts dishursed by Lender pursuant to this paragraph 7, with interest thereon, steal[ become addifionaS
<br />inde`utrdnzss of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment. such
<br />amounts shag be payable upon notice from Lender to Borcower requesting payment thereof, and shall bear interest from the
<br />date of disbursement at the rate payable hom time to time on outstanding principal under the Note unless payment of
<br />interest az such rate would be contrary to applicable law, it7 which event such amounts shalt bear interest at the highest rate
<br />permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />any action hereunder.
<br />S. inspcrtian. Lender may make or cause to 6e made reasonable entries upon and inspections of the Property. provided
<br />that Lrnder shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />4. Cendrmnatfon. The proceeds of any award or claim for damages, direct or consequential, in connection 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 be paid to Lender.
<br />In the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Mortgage.
<br />with the excess, if any, paid to Barrower. Tn the evtnt of a partial taking of ehe Property, unless Borrower and Lender
<br />otherwise agree in writing, there shall he applied to the sums secured by this Mortgage such proportion of the proceeds
<br />as is equal to that propoYian which the amount of the sums secured by this Mortgage immediately prior ro the date of
<br />taking bears to the fair market value of the Property immediately prior to the date of taking, with the balance of the proceeds
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower, or if, after natice by Lender to Borrower that the condemnor offers to make
<br />an award or settle a claim for damages, Borrower faits to respond to tender within 30 days sfter 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 of the
<br />Property or ro the sums secured by this Mortgage.
<br />unless Lender 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 1 and 2 hereof or change the amount of
<br />suchsnstailmru£s.
<br />Ill. Borrower Not Released. Extension of the time for payment or modification of amortization of the sums secured
<br />by this Mortgage granted by Lender to any successor in interest of Borrower shall not operatt to release, in any manner,
<br />the liability of the original Borrower and Borrower's successors in interest. Lender shad not be required to commence
<br />proceedings against such successor ar refuse to extend time far payment or othenvise modify amortization of the sums
<br />secured try this Martgage by reason of any demand made 6y the anginal Borrower and Borrowers successors in interest.
<br />il. ror)xarance by [,ender Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, ar
<br />otherwise aRnrdzd by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy.
<br />The pra:urement of insurance ar the payment of taxes ar ether liens or charges by Lender shall not tae a waiver of Lender's
<br />right to ac:elcrr:tr star maturity of the indrhtedness secured lay this Mortgage.
<br />:2. Reen2di;5 Curttulative. All rmedies provided in this Atarigage are distinct and cumulative to any ether right ar
<br />remedy under this Mortgage or afforded by taw or equity, and may he exerci:,rd concurrently, independently or sucrtssivtly-
<br />13. Surres-.ors and As~Sgas Bound; 3oint and Several I.iabBity; Captlotts. Tile covenants and agrremtnts htrcin
<br />contained shall hind, and the rights hereunder shall inure t0. the respective successors and assigns of I_endtr and Borrowtr,
<br />subject to the previsions of paragraph 17 hereof. All covenants and agreements of Borrower shat! M jaim and several.
<br />The captions and headings of the paragraphs of this Mortgage are far convenience only and are not to tae used to
<br />initrprot or define the provisions hereof.
<br />tA. Notice. Except far any notice required under applicable law to br given in another manner, fal any natice to
<br />Borrower provtdtd for in this Mortgage shall Foe given by mailing such notice by certified mail addressed to Borrnwrr et
<br />the Property Address or a£ such ether address as Barrower may designate by natice to Lender as provided herein, and
<br />(h) any Holier to Lender shall be given by certified mail, return receipt requested, to Lender's address staitd herein or to
<br />such otter adt#re;s as tenair ;nav d~ i€;natt n. ti<-t to R, rr.3:ver as Fravidtd htrtin. Anv nciti~ pr.3vi f. r in this
<br />Mrxrt~ ~ - steal! b - 'm$d hss:e - . to B -rr,}<vi<r ar E rnd~r when given in the marntr ignat€d b.:rti~
<br />C!nifurtn ;vturigr~e; isav+trait~~f~av; Srrerabiiity. This loom of mortgage combines uni€arm cavtna£rts fee national
<br />use and nan~uniterm cavcna£us with limited vanatiens by µrrisdrr.tion to <nnstiurte a uniform security instrument severing
<br />teat pr:,~~rty. "S'tis ;t;a :gage shall tr governed by tltt' law tf the. Ivrisdictian in which the Property is lu:attd- In tltt
<br />event that env pravisien or efsuse of this Mortgage ar the Nett e-enflicts with applicalalr taw, such conflict shalt u«t atTr<~t
<br />ait£rr provisions of ttus Martgage or ttte Note v%hrch can Frr given rtTtct withaut the conri-feting provision. and to this
<br />e. - ,_.. pra:iz~..._ -,- ., _ ..,._°tgr, -° ~,_- the ~:, - -. - £ets.~d `- ~stvtrab
<br />:'S. ac„t,.:3ntr"s €'aav. L'ar ewer sitatt br furn;,ttr~: a i:c'nfarmrd cagy ~cf ih2 t'atr and of this .+4crtgagt at tttt tires
<br />of executi..,u Gr after rcc;a?nation htrrof.
<br />17. `f'ratv£ftr of the Property; Assumption, If all ur any poet of the Property ar an interest therein is sold er transfttred
<br />by Barrower withaut l.rnder's print written rousrnt, excluding fa) the creation of a lien ar rncumbrancr suM,rdinatr to
<br />this Marigag>'. (b) the crratian of a purchase money security interest for hausehald appliances, fc) a transfer by dtvisG,
<br />descen[ ar by eprration of law upon the death of a joint tenant or (d1 the grant of any leasrhottt irattrrst at theft years ar tesx
<br />n<>t cotttahting an aptiuta to purchase. I.cndtr may, at Lcndcr's apiian, declare al{ the sums securrn hp this '+tortgage to tae
<br />immtdiatrh' due and payahie. 1 ender shall hoot watvrd such caption to acceleralt if, prior Co the Sala er transfzr, Lender
<br />and the person to whom ills Properly is io a sold sir Iransferrrd reach agreement in writing that the ereciit of such ptrsan
<br />ix satisfaca~t3' to Lrnder and that the inttrtst payable on the sum+ sr.urrd by this Martgage shall Ex at su<•h matt a. I.endtr
<br />shall request- if under has waived the option to acceleralt provided in this paragraph i?, and if Barmwrs's succrsstu in
<br />interest has executed a written assumption agreement accepted in writing by 1 ender, i.rnder shall rcleax Bi+rrawer from atl
<br />obligations under this A7ortgagr and ttae Nutt.
<br />If L;•;tdr.„'-~ 'ctstti sri:h c-pti.-- acceteratc. E-riiitrr shalt mail )~airrowtr ra+=£iCC of acetkra[ian in accerdancr with
<br />paragraph ., ..?ra .. .~+,° w.<c 3haii ptavidz a pznad of Hell lees Than 3v' days it ern iht dolt the raaiict is manta' within
<br />which Barrower stay pay~thr Sutns dr-tarect dot. if Borrower tails to pay such ,,ums prier to the expiration of such prnod,
<br />I.en~~t may. withaut further na!£ict at demand on Eterrawzr, invakt any remedies permitted hp paragraph l8 hereof.
<br />rw:.w_r r.,;..~e.~., r~...,v..,~..- o.,o~. ~..,~.a ;=„r Lam., ~t2r r..~t.er r.._E.;unt a,::': =gr~ o, a?'~:#~'
<br />iB. Ate; Rzi-:~. er~pi as provided io pat~rapa ii Ttera~of, trptrn Brsrsuwre=s ~Freach of sav roYrnartt or
<br />agtaentent of Barrower do the Mnr~uga, inritadit~ the rovtaants to pay when dot any sours srrttrrd by this Mot~t~e,
<br />Lander prksr to arrektratiaa s mail Italic! to Barrower as pravidrd in paragraph 14 hereof sparifyittg: (t) the 6rearh;
<br />il) the action required to care such breasts; (3) a date. not less rhea 30 days Erato the date for aotke is mallad M tgarrowor,
<br />fly whfch strrh breach must br cured; aad t4) that isUura to cure such breach on or before the date specified fa the ratke
<br />may tilt in arcrleration of the eaten serurevl by this Martgage, foreclosare by judErhd prac'eedirtE and sale of the Proprtty,
<br />The tttNicc abaB further inforat 8w•rower of the right to reinstate after arrelerrtian and the r~ht to stssert in the farecloreure
<br />pra.~ ~~. nos-€:~®.;ca a," a defa:di ar any other defesss of Barrower to arteEeration aad fotzcfoetua. Ii tfrz hrzarh
<br />'Es apt rnred as or before tits: bate s~r'ded in the entice, lavtder at I.etpier's option may declare all o[ the sums secured by
<br />this 161attgage to br t~.smediatefy due and payabe without further demand and may foreclose by judicial proavredittg. Lender
<br />shelf be entitled to collect to such proceeding aB eapettses of foreclosure, inclutifng, but not limited to, casts of dacamentary
<br />evideara, abslrarts artd title reports.
<br />'x~. Bo~°rower"s Right to Reit~tate. Notwithstanding Iendtr's acceleration of the sums secured by this Mortgage,
<br />Barrewtr shalt hour the right to have any proceedings begun by Ltndtr to enforce this Mortgage discontinued at any time
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