80-. ~~,;~it7
<br />Ieader's written agreement or applicable iaw. Bottower shall pay the amount of all mortgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shall become additional
<br />indehtedncss of Bottow•er secured by ibis Mortgage. Unless Borrower and Lender agree to other terms of payment, such
<br />amounts shall be payable upon notice from Lender to Borrower requesting payment thereof. and shall bear interest from the
<br />date of disbursement at the rate payable from time to time an 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 rate
<br />permissible under applicable law. Nothing rnnEaiaed in this paragraph ?shall require Lender [o incur any expense or take
<br />aay action hereunder.
<br />& haspectlon. Lender may make or cause to be made reasonable entries upon and inspections of She Property. provided
<br />[fiat Lender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />9. Casdemnatloa. The proceeds of any award or claim for dam:.ges, direct or consequential, in connection with any
<br />condemnation or other [akiag of the Property, or part thereof, or fnr conveyance in lieu of condemnation, are hereby assigned
<br />and shall be paid to Lender.
<br />In the event of a tots: taking of the Property, the ora.eeds shall be applied to the st:ms secured by this Mortgage.
<br />uiL§ [he excess. if any, paid 2a Harrower. In the evens of a partial taking of the Property, unless Burrower and Lender
<br />oihenvise agree in writing, there shalt 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 fhe sums secured by this Mortgage immediately prior to the date of
<br />taking byea~rs_ ~to~ ~th~e fair market value of the Property immediately prior to the date of taking, with the balance of the proceeds
<br />paid to YlA t VqG.
<br />If the Property is abandoned by Borrower, ar if, after nurice by Lender to Borrower that the condemnor offers to make
<br />an award ar setik a claim fur damages, Borrower fails to respond to Lender within 30 days after the date such notice is
<br />ritaiktl. Leads is authorial to rnGeM attd apph• 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 Linder and Borrower vaherwise agree in writing. any such application of proceeds to principal shall not extend
<br />or pttstpatx the due date of the monthly instai}menis referred to in paragraphs I and 2 hereof or change the amount of
<br />slob iastallatatE.
<br />i0. Easrewer NM Released. Extension of the time fur payment or mudificarion of amortization of the sums secured
<br />by this iJarfoax greeted by Im_drs to spy ~,.,~~,-~.., - in.~rPSe of Anrr„_ _s a,au ,.~v .,~,_n....,, nl._~_ ; _ a~n~~,
<br />the fiahility ~ the original Bortower and HorrottYt's successors in interest. Lender shall not he required~to~cammence
<br />pHnceedinas ajaittst such stxtasar ut refuse to extend time fvr payment ur othctuise modify amortization of the sums
<br />sectuad by this Mortgagr by ts:sott of any demand made be rho original Borrower and Bottawer's successors in intertsi.
<br />II. $asbeeranes i7 Lords Not a Waiver. Any foebeatance by Lender in exercising am• right or remedy heretmder, or
<br />atltersise atlortled by appiiinbk law. shag trot be a waiver of or prectttde the exercise of any such right or comedy.
<br />The ptnaasmettt +~ insurance or fhe payment of taxes or other Batts or charges by Lender shall not be a waiver of Louder s
<br />iigCt to actrleaste the tsaturiry of the irdthudness secured by this Mortgage.
<br />12. > tlttni4Yre. Ali reatedics provided in this Mortgage are distittM and cumulative to aay other right or
<br />orris this ~t3ottgage ar afforded by iaw or equity, and may be exercised concurrently, independently or successively.
<br />l3 9aatiaean sari Asrdgw ]3esad; Idiot ~ $esetal Liability; Caption. The covenants and agreements herein
<br />aootaiaod sha8 bind, aad cite rights hetrttrtder shag inure to, the respective successors and assigns of Lender and Borrower,
<br />s~jeat to she pr+ovisioas of paragraph i? Itcrzof- Ail covenants and agteemat[s of Borrower shall be joint and several.
<br />Tba aad 3tpniiugs of the paragraphs of this Mortgage are fur convtmience arty and ate nut to 6r used to
<br />~'P~ or dt3me the provisions hetsof.
<br />11. Faorpt fnr any notice tsquired tinder applicable law to be given is soother manner, (a) any notice m
<br />Hmross provided far in this Moatgage shag be given by mailing such notice by certified mail addressed to Borrower st
<br />for Property Address ~ at such other address ~ Harrows may designate by notice to Leader as provided herein, atsd
<br />Iles) aay isoritt to Lander sbaA be plain by cstified trail, raum receipt requested. to Lender's address stated herein or to
<br />such ether addres u Trader m:y designate by notice to Burrower as provided heroic,. Any notice provided far in this
<br />Mcvtgsge sba8 be dee:ssed to have betat gives to Burrower or Lender when given in the manner designated hssirt.
<br />I5. Lraifeaw Last: Ses,naitlfLy. This corm of mortgage cambisxa uniform covenants for national
<br />ttse ara1 tam-ositatm wvesanis with limited variations §y jurisdiction m comtitute a uniform security instrument coveting
<br />real propmty. 'This MoRgage shalt b< governed by the law° of the jurisdiction in which the Property is located. In the
<br />dvsat rba aey provisie+tt car ciatsr of this Aitatgage or rite Note utxtfticis with appticahte taw, u>zit rnnflict shall not affax
<br />o6ts p of tIs» Mortgtge or the More which can Ise given effort withottd the rnn88cting provisiaat, and to this
<br />pad t~ 1~ ~ t>se Martgape and the !3olr: are d~aral to ~ sevstablc.
<br />3f. fwrsrs"s taPp. 1~ sbaB be fttrnishdl a cartfottned copy of the Note attd of this Mwigage at the lints
<br />~ sadeusiod cv after recoeti~ioe haaaf.
<br />17. 2k~ 1tf ills l4apeaty; If all or aay part of tltr Ptopaty ur er interest thersia is sold or transferred
<br />by 8titreser vir]taart Loadetrs prior written amount, eacltt~ag ta) the csratioa of a lien or rncumbtaitce subordinate to
<br />ffiis • tIs) the taeariott ~' a purchase moray security interest far household appliattc~, (G a tiansfcr by deviw,
<br />deaixer sir by c~+Cratim ~ law sport rite death of a joint tettaat sir tdt the grant of any feaseisoll intessst of thra years ar has
<br />cot ebearisagg tin aptian in ptnzhaae, Lender may, at Lettdw's uptina, doclarc alt the sums sauced by Chia Mortgage to be
<br />y ihsr aad payable. Leader shalt have vaivat such option to accelerate it, prior to thr sale or iraasfs, Lender
<br />aad the ptaraan m whiw tbs Property is to !se solo or traasferrrl mach agtsrmedt in trriting that the credit of such person
<br />is ' to Trader aad that rbe intttesi payat>ie on the sums secured by this Martgate shag be at attch rate as Lender
<br />tom t~tses;. if Linder bffi salved tlr= jeptittn to acsrkrate providd is this paragraph I?, and if Botravxr s stir cssor in
<br />istteeot bss a srtittra aasnaaptian t aa;spted is w7iiittg by Lends. Larder shag release Borrower from all
<br />trails Lbis aad the None.
<br />li Itedts tsvt~ sisclt ap#ion m -^^-~^•-•s, Lords shalt mail Bwrowu notiu of aaeteratian in acctsrdance with
<br />patag~b Ii b~ Such aotioe scrap ptavide a period d na Itas than 30 days from the date the antics is maned within
<br />vebis~ 8otr'Dtrer may pay the strata declu>yd thte. If Banosver talk to pay such sums prior to the expiration of such period,
<br />LdadQ ~ srubaut tartbm saline >x d on Botmwci invoke any rsatedi~s permincd by paragraph 1 g hereof.
<br />I+kaa-Utat~c~ar ttiawatxtars. >iwtvsw aad Linder further covenant acrd agree as follows:
<br />liL lAssadiias. Eugt as peaaiiat a ~arsipap6 iT bts+wf, upon 6orresrer's btevcb of aay toseaaot ar
<br />st< iwsesasr l! iii bitstr~egd, tae ce+r~ M pry sties dtss aay assn axwed by this Marrgage,
<br />Easier lid ia, axe atteo saes eeSsa as i as prevfiai is paragrapi l3 bereaf specifyisE: fit the braacb;
<br />~ tie atilas ~ Zia ewe sod ieaeel5 C}i ;data. arN ks tlue IO days frets the date tie antics li asaiied to iSorrewsr,
<br />g3 writids dw,i1 ieaesi •ttisl lk await ttad #H fiat gttilsae a ease aaia btateb oa or berms the date specified ie the notice
<br />ttaq aaetR ie neesl~taiett wt /4it taaeae sentsd by dui tlbrfga, teredaaam by lodidrl psoeeedisg aad saht of tie hoperty.
<br />'!1t¢ Miles tdttA ><tisArss itAsl~ 3NSSwrsr stf the ryitt b ssisw+Me ader aca^datMios aad tbs a1~61 ao eaerf M the forecloaeta
<br />pitesastisff ~ des d a iatwit ar >~ atlrw defawe d/ lanewer m sntskratlse aad foreclaanae. U ebe brash
<br />bi art tsw#ana asr btefaas Ilse !ant ttpet~fiad is lie aatiees i.maisr at isaiat's apdea my declare e6 of the errors 6erored 6y
<br />til.Iidat~t 1s be iaMertliwt~ tae air payaiM witirosu hAiar daana Md nay Idraclose by ~ proceedleg. l~cader
<br />auto !e eeM/ei ~. draltaet i.,a pidteadlts er sx}oaas st fstssaesise, , let nee bwMsd tn, rdTta et derarseatay
<br />wiia•ot; t+1M~t~ eat ~e rapwta.
<br />b: ~eeswwe`a fit. M >Rsiaiihlfe. I~}ettviibstautisitsg Leadar'a ac:ceisaiion of the wins secured by this Mortgage.
<br />Bttetasteer sbttfi have tie ~ to Isva airy pteotxfdurtttr 6egftui by Leads to cafur~e this Mortgage discoatinucd at any tintr
<br />
|