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<br />Lenr3~~r's a tit?yen agreemen? ar +applicabea; Paw. Barron+ee sttal7 pay the amount of a[I mortgage insurance prerniums in thw,
<br />manner provided under paragrstpt Z hereof.
<br />Any amounts disbtarsed by Linder fuursuant to this paragraph 7, wi#t•r interest thereon, shale lr~.ccrrne additional
<br />indeb*edness of Borrower secured by ibis Mortgage. Unless Borrower and Lender agree to ocher terms of payment, such
<br />amounts shall be payable upon notice from Lender to Benawer requesting payment ?hereof, and shall bear interest from the
<br />date of disbursement at ?he rate payable from time to time on outstanding principal under the Note unless payment of
<br />tour st at such rate would be contrary to applicable taw, in which even? such amounts shall bear interest at the highest rate
<br />permissible under applicable taw. Nothing contained in this paragraph 7 shall require bender to incur any expense or take
<br />any action hereunder.
<br />8. Inspection. Lender may make or cause to be made reasonable entries upon and inspections nr the Propery, provided
<br />that Lender shall give Borrower notice prior to arty such inspection specifying rasonahie cause therefor related to Lender's
<br />interest in the Property.
<br />9. Condemrcfion. The proceeds of urn' award or claim for damages, direct or consequential, in connection with any
<br />condemnation or other taking of the Prolr=rty. ar 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 shat] be applied to the sums secured by this Mortgage.
<br />with the excess, if an}•. paid to Borrower. In the event of a partial taking of the Property, unless Borrower and Lender
<br />otherwise agree in writing, there shalt be applied to the sums secured by this Mortgage such proportion of the proceeds
<br />as is equal ?o 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 Property immediately priar to the date of taking, with the balance of the proceeds
<br />paid to Borrower.
<br />If the Property is abandoned by Barrower, or if, after notice by Lender to Borrower that the condemnor offers to make
<br />an award or set¢le a claim far damages, Borrower fails to respond to Lender within 30 days after the date such notice is
<br />mailed, Lender is auffiorized 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 this Martgage.
<br />i intn_c T s.n.~e ^Y R...-...,: ~rh., _ ••, .. ^h _ nii~oNn ,.F .. Pdc to nrincinai shall not extQnd
<br />or postpone the ducydate of the monthly installments referred^to/in paragraphs ~1 andr2 hereof ar change the amount of
<br />such installments.
<br />19). 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 shalt not operate ro release. in an}' manner,
<br />the liability of the original Borrower and Borrowers successors in interest. tender shall not be required to camrtxnce
<br />proceedings against such successor or refuse ro extend time for payment ar otherwise modify amortization. of the sums
<br />secured by this Marteaee by reason of any demand made by ?he ertginal Borrew•er and Berrawei s sucecasars i... rest.
<br />ll. ~ortaearance by Lender Not a Waiver. Any forbearance by Lender in exercising any right nr remedy hereunder, ar
<br />ntterwise afforded by applicable taw, shalt not be a waiver of or preclude the exercise of qtr; such right ar remedy,
<br />The procurement of insurance or the payment of taxes ar other liens or charges by Lender shall oat be a waiver of Lender`s
<br />right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />1~. Remetlirs Cum€;tative. AiI remedies provided in this Martgage are distinct and cumulative to any other right ar
<br />remedy under this Morteagc or afforded by law or equity, and may be exercised concurrently. independently or successively.
<br />13. Sace~-sore and atssigns Bound; Igint and 3evetal Iaa6Bity; Captions. The covenants and agreements herein
<br />remained shall bind, and the rights hereunder shall inure to, the respective successors and assigns of Lender and Borrower.
<br />subject to the provisions of paragraph 17 hereof. All covenants and agreements of 8arrauer shah be joint and several.
<br />The captions and headings of the paragraphs of this Mortgage are for convenience only and are not to be used to
<br />interpret or define the provisions hereof.
<br />1~4. Notice. Except for any notice required under applicable law to be given in another manner, (a) any notice to
<br />Barrower provided for in this Mortgage shall be given by mailing such notice by certified mail addressed to Barrower at
<br />rF Br...w rr., d.i.ira ^ti .,rl.a o.i.tro Rn _ .to I,v i r
<br />°° ^- ^• r• _. _r r~ ^r •r^ •~• m, •• r~.,..~r.. ,.,.:^ r„ .,Air ac nmvideA herein. and
<br />{b) any notice to Lender shalhbe given by certified mail,"retum receipt requested, rtani.endcr"s address stated herein or to
<br />such arbor address as Lender map designate by notice [n Borrower as provided herein. Arv r,etice provided far in this
<br />i=ioria;g~ shall'.r° dt~med to have ,.stn given to ;3arrower or Lender when gi~.•tn in the ruanntr dzsignated herein.
<br />l5. Uniform Mortgage; Governing Law; SeveraMiity. T}tis farm of mortgage combines uniform covenants far national
<br />use and non-uniform covenants with limited variacians by jurisdiction to censtinne a ~!nifarm sect±nty instrument covering
<br />teat prapert}'. This Martgage shalt be governed by the taw of the jurisdiction in which the Property is iexated. In the
<br />event tha? anv r+rovi_ian a. ~lau~ of fhi=, lt-iartga~e ar thF N_ ate :,^nflisis k•:th ---- th'e tsct•, su:` L_... -'astE nt: affz~:t
<br />ot'rer provisions of this Mortgage or the Note which can be given effect withous the conflicting provision, and to this
<br />..,,d t ~ pro ,_ ..s cf ;:,c k`eorigage and the Late arc declared to be severable.
<br />~.,:rowtr'; Ct,Qy. Borrrv,;•tr snail be furnished a conformed espy of the Notr and of this Martgage at the time
<br />of execution or after recordation hereof.
<br />17. Transfer of the Property; Assumption. If all or any part of the PnSpertt• or an interest therein is sold ar transferred
<br />by Borrower without Lender's prior written consent, excluding (a) the creation of a hen ar encumbrance subordinate to
<br />this Mortgage, {b) the creation of a purchase money security interest far household appliances, {c) a transfer by devise,
<br />descent or by apera2ian of law upon the death of a joint tenant or (dl the grant of any leasehold interest of three years or fens
<br />not containing an option to purchase, Lender may, at Lender's option, declare all the sums secured by this Martgage to be
<br />immediately due and payable. Lender shalt have waived such option to accelerate if, prior to the sale ar transfer. Lender
<br />and the person to wham the Property is to be sold or transferred reach agreement in writing that the credit of such person
<br />is satisfactory to Lender a.id that the interest psyable on the sums secured b}' this Mortgage shall be at such rate as Lender
<br />shall request. if Lender has waived the option to accelerate provided in this paragraph l7, and if Borrower's successor m
<br />interest has executed a written assumption agreement accepted in writing 6y Lender, Lender shall release Borrower from all
<br />obligations under this Mortgage and the Note.
<br />if Lender exercise.; such option to accelerate, Lender shall mail Borrower notice of acceleration in accordance with
<br />paragraph 14 hereof. Such notice shalt provide a period of not less than 30 days from the dace the notice is mailed within
<br />whist: Borrower may pay the sums declared dec. if Borrower fails to pay such sums priar 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 />.;-._Utdt~ts;-.i;",~ra~a5. Boric-~:e,-aadiz:~dcrfvrther covenant andagrt;easfoiiuws:
<br />I8. Acceleration; Remedies, Pxcept as provided in part~raph !1 hereof, upon. Burrowers breach of any case.` rot ar
<br />ngreement of Borrower in this Mortgage, including the covenants io pay when due any sums secured by this ;ilortgage,
<br />Leer prloe to accekt~lon ahaLi mail notice to Barrower as provided in par~raph 14 hereof specifying: (1) the breath;
<br />(2) the acts©n required to cure sorb beech; (3) a date, rwt less than 30 days from the slate the notice is mailed to Borrower,
<br />6y which sorb breach must fx cured; and (4) that faQure to cure such breach on or before the date aprci6ed in the notlce
<br />may result in aecoleretian of the soles secored by this Mortgagor foreclosure by judicial prottedi~ and sale of the Property.
<br />Tide notice shall fteNher inform Borrower of the right to reinstate aNcr acceeratioo and the right to assert in the foreclosure
<br />.proceeding rho tma-existence of a default or any other dsfetsse of Borrower to acrekration and foreclosure. If the breach
<br />!a not cured on or before the date specified in the notice, Lender at Lender's option may declare aB of the sums secured by
<br />this Martgage to he immediately due a~ payable without further demand end may foreclasc by judcial proceeding. Lender
<br />shall be entitled to collets in such proceeding aiL expenses of [orecMsure, includlttg, bu! not Limited to, costs of documentary
<br />evidence, abatraets and title reports.
<br />ip. Borrowers icight to Reinstate. Notwithstanding Lender's acceleration of the sums secured by this Mortgage,
<br />Borrower stall have the right to have any proceedings begun by Lender to enforce this Mortgage discontinued at any time
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