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<br />"~~ ~~ _ " ^== t ' . "c{~-°aAtr she!'. _ca} t^~ a.^ount of all mortgage insurance premiums in th?
<br />. -•,- a.r~r."r ~:~:: tee: ~~ l.crd°~ persuant to iFis paragrap?; 7. with taterest thereon, shat} became additional
<br />... _- _ .:- ~ - °.~--~ -- ~ ~e_;:red c- - , i+Ic^gage. _„ Borrc=•«er and I_erder agree to other tertns of payment such
<br />~raov.°,~+~~~ -:.ii€ ~ oayab?e ;:?.on notice from Lender to Borrawer roc nesting payment thereof. and shall bear interest from the
<br />.9a!e ~~. _.._ ~r~:•t:cat x rate oayable from time !o lime on outs!anding prncipa] under the (dote unless payment of
<br />i-~ttz-: ' c _ rate w~oc:i~~b° :o^.trary~ to appd-;cable taw, in which event such amounts shall ixar interest at the highest rate
<br />z-rsi> hie ~;.;u_ app€i:.able law. 'lathing curtained ir. this paragrapE? 7 shalt require Lender to incur any expense or take
<br />any aMicn hereundtr.
<br />b. iasp~zetan. Lender may make or cause to be made reasonable entries upon and inspections of the Property. provided
<br />thet Lam-^der shat? give Harrower notice priar is any such inspection sped Fjing reasonable cause therefor related to Lender's
<br />interest in Ste P.*operty.
<br />9. Condemnattoa. Tne proceeds of any award or claim for damages. direct or consequential, in connection with any
<br />cordemnziier: ar other taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned
<br />and shall be paid to Leader.
<br />1n the event of a total taking of the Property, the proceeds shaii be applied to the sums secured by this Mortgage.
<br />with the excess, if any. paid to Borrower. 1n the event of a partial taking of the Property, unless Harrower and Lender
<br />otherwise agree in writing, there shalt he applied to the sums secured by this Mortgage Bitch proportion of t3te 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 Property immediately priar to the date of taking, with the balance of the proceeds
<br />paid io Borrower.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to make
<br />an award or seine a claim for damages. Borrower fails to respond to Lender within 30 days 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 of the
<br />Property or to the sums secured by this Mortgage.
<br />Unless Lender and Borrawer otherwise agree in writing, any such application of proceeds to principal shall net extend
<br />or posttxine the due date of the monthly irs[allmen[s referred to in oaragraohs I and 2 hereof or change the amount of
<br />such instailmcnts.
<br />lo. $orowee 1Vot 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 shag not operate to release, in any manner,
<br />the liability of the original Harrower and Borrower's successors in interest. Lender shall not be required to ~omrnenre
<br />proceedings agairvsf such successor or refuse to extend time for payment or otherwise modify amartizatian of the sums
<br />secured by this Mortgage by reason of any demand made by the original Borrower and Borrowers successors in interest.
<br />il. Forbearence by Lender No[ a Waiver. Any forbearance by Lender in exercising env right or remedy hereuncicr. 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 er the payment of taxes ar other liens or charges by Lender shall not be a waiver of Lender's
<br />right to accelerate t he maturity of the indebtedness secured by this Mortgage.
<br />i2. ~demedics Cumu)aHve. All remedies provided in this Mortgage are distinct and cumulative to any other right or
<br />remedy under this Mortgage ar afforded by law or equity, and may be exercised concurrently. independently or successively.
<br />I3. ~ur.cessors and Ay'igns Bound: Joint and Several i,iabBity; Captions. The covenants and agreements herein
<br />contained 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. Ail covenants and agreements of Borrower shalt ?x joint and several.
<br />The captions and headings of The paragraphs of this Mortgage are for convenience on]v and are not to be used to
<br />interpret or define the provisions hereof.
<br />24, iVofice. Except for any notice required under applicable law ~.: be given in another marmec (a) any Wolfer to
<br />Borrower provided for in this Mortgage shall be given by mailing such notice by certified mail addressed to Harrower at
<br />the Property Address or at such other address as Borrower may designate by notice to Lender as provided herein, and
<br />(b) any notice to Lender shall be given by certi(ed mail, return receipt regtrested, to Tenders addt~ss stared hsrcin or to
<br />such other address as Lender may designate by notice to Borrower xs provided herein. .4r+.y retire provided tar in t:^.is
<br />Mortgage shalt be deemed to have !teen aivzn to Bar re:var or Lender who ; g :en ir, t:.= m_y-cr ~ion3t ' h_rc# .
<br />:5. €;riform Mortgage; Governing Law; Severability. This farm of mortgage combines uniform covenants for national
<br />Itw° ° ... .naP.-nnifarm :: 'cnar•2S ~. » iced iarfatfann by jtiri3dlt`tfan to C:an3ti[llie 2 trnli ViRl security i[ist-r[brnCrL Ce1T[irEg
<br />real property. This Mortgage shafil ~be governed h;• tf;e law of the turisdictian in which ' ~ Prap~rty I-~ai~-'. . - i:~
<br />event that any provision or clause of this Mortgage or the Note conflicts with applicable law, such conflict shalt notiaffeci
<br />other provisions of this hiartgage ar [he Nate which can be given effect without the conflicting pravfsion, anti to this
<br />end the provisions of the Mortgage and the Note are declared to be severable.
<br />26. $orrowePs Copy. Borrower shall be furnished a conformed copy of the Note and of this Mortgage at the time
<br />of execution or after recordation hereof.
<br />17. Transfer of the Poeperty; Assumption. If all ar any part of the Property or an interest therein is sold ar transfrrrzd
<br />by Harrower without Lender s prior written rnnsent, excluding (a) the creation of a lien er encumbrance subordinate to
<br />this Mortgage. {b) the creation of a purchase money security interest for household appliances, (d a transfer by devise,
<br />descent or by operation of law upon the death of a joint tenant or (d) the grant of any leasehold interest of three years or less
<br />not containing an option to purchase, Lender may, at Lender's option, declare all the sums secured by this Mortgage ro be
<br />immediately due and payable. Lender shalt have waived such option to accelerate if, prior to the sale or transfer. Lender
<br />and thz person to whom the Property is to be said or transferred reach agrea.[ent in writing the[ the credit of such person
<br />is satisfactor}• to Lender and that the ~-merest payable on the sums secured by this Mortgage shall be at such rate as Lender
<br />shad request. ir. Lender has waived the option to accelerate provided in this paragraph 17, and if Borrowers successor fn
<br />interest has executed a written assumption agreement accepted in writing by [.ender, Lender shalt release Borrower form alt
<br />obligations under this Mortgage and t}te Note.
<br />If Lender exercises such option to accelerate. Lender shall mail Borrower notice of acceleration in accordance with
<br />paragraph 14 hereof. Such notice shall provide a period of not Icss than 30 days from the date the narce is mailed within
<br />which Borrower may pay the sums declared due. If Borrower 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 pcrnitted by paragraph t 3 hereof.
<br />Nazi-Utvtl:ot?tsi Covt>taarirs. Borrower and Lender further covenant and agree as fatlows:
<br />?6. Aceekra!'soa; Remedies Except as provided iv par~rap6 17 hereof, upon 8orrowee's breach of any covenant or
<br />agreemerrt at Borrower irr ShEs Mortgage, ivcivdhig the covenants to pay when doe any sums secured by ibis Mortgage,
<br />Lender prior to acceietamon shall mail notice to Harrower as provided In paragraph t4 hereof specifying: (1) the breach;
<br />{2) tit action re~aked to care such breach; (3) a dais, mrY lei than 3t1 days from the dais the rtotice is mailed to Borrower,
<br />by whkh weh brcash mast be cared; and (4) that failure fo care such breach oa or before the date specified in the notice
<br />Wray resv# in accrkrmion of for saws secured by this Mortgage, foreclosure by judicial proceeding and sale of the Property.
<br />The a sttt~ farther inform Borrower of the right to reinstate after acceleration and the right to assert in fhe foreclosure
<br />prvccedl~q ibe imv-¢x6xcase of a defavh or nay other defs~e of Borrower to aceleration and toreciaame. If rite 6reaeh
<br />it oat eared on or 4fore the t)ffie spzci~d is floc notice, Lender a! Lender's option may declare all of the sums secured by
<br />9iat'!e trt ee Imlmely tins arm paysMe witltrrnt farther detnsad and stay foreclose 6y judicial proceeding. dxader
<br />be eei~ied to rniierf )s ~uefr proems a8 txptmes of foreclosnre, iveladhrg, bat riot limited 8a, costs of documentary
<br />}° "" .-~~ a Lo a-~ `-- '-""'iti~tartding Lenber's acceleration of ahe sums secured by this Mortgage,
<br />lisxrrrv.~cr shaii have ibs rf~_ht in have an p~~ hegan by Lander to e-nfarce this Mortgage di~entinued a! any time
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