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8t7-- X944
<br />Lenders written agreement or applicable law. Borrower 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 />indebiedtiess of Borrower secured by this Mortgage. Ltnlecs Borrower and Ltndtr agree ro other terms of payment, such
<br />amounts shah be payable upon notice from Lender to Bormw•er requesting payment thereat and shall hear interest from the
<br />dare of disbursement at the rate payable from time ro 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 hear interest at the highest rata
<br />permissible under applicable Iaw•. Nothing rnntained in this paragraph 7 shall require Lender to incur any expense or take
<br />any action hereunder.
<br />& rwspectioo. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that Lender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender s
<br />inietest in the P,-operig.
<br />4. Cowdemtmtbn, The proceeds of any award or claim for dama¢es, direct ar consequential, in connection with any
<br />condemnation or other taking of the Prapem~, ar pan t7iereaf, or for conveyance in Lieu of cnndemnatioW, are hereby assigned
<br />and shall be paid to Lender.
<br />In the event of a total faking of the Property, the praceads shall be applied to the sums secured by this Mortgage,
<br />with the excess, if any, paid to Borrower. In the event of s partia] 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 soured hp this Mortgage immediateh• prior m the date of
<br />` taking bars is the fair markti value of the Property immediately prior to the dace of taking, with the balance of the proceeds
<br />paw to Borrower.
<br />If the Property is abandoned by Borrower, or if, after native h7 Lender to Bari•nwer that the condemnor offers to make
<br />an award or settle a claim for damages, Hormw°er fails to respond to Lender within 30 da}s after the date such notice is
<br />rtwlal, Lender is atrthoru+ed to rnlkct acid 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 attd Bortawtr otherwise agree in wrnine, one such application of proceedsc M principal shall not extend
<br />of pcsstpone tbe due dale of the monthly installments referred to in paragraphs 1 aed 2 hereof or change the amount of
<br />sueh iratalhrtents.
<br />1R Eorrotvcr Not Aeh:med. Extension of the time for pa}titent or modification of amortization of the sums secured
<br />by this Mortgage gtanied by Lender to an_v successor N interest of L3a_rrawe_ st,atl ., _ .. to r~'rosa in a :• ma°,^~:,
<br />the Iiatnliry of the original Borrower and Borrowers successors in interest. Lender shall not be required to ~srommence
<br />ptncacdags against such sueresuir or refttu to ev-tend time far payment or othena•ise modify attxirtization of the sums
<br />snurtd by this Mortgage by reason of any demand made by the original Borrower and Borrowers strc•eescors in interest.
<br />11_ Ftwiearwwce by I.mder Not a R'afser. Any forbearance by I_endrr in exercising am' right or remedy hereunder, or
<br />atltetwix afforded by applicable law. shall not he a waiver of or preclude the exercise of am' such tight ar remed}'.
<br />The ptticuremeM of insnrattce or the payment of taxes ar other liens ar charges by Lender shall not I+e a waiver of I.endtr s
<br />ri$bi to aaiekrate ISe tnatttrity of the iWdehiedness secured by this Martgagt.
<br />~_- > Clamwiavp Atl remedies provided in this lsiorteage are distinct and cumulative to any other right or
<br />rettxd}• uadz the Mortgage or aHarded by law ar eauitc, and ma_y lx exercised rnncurrcntly. independenth• or successively.
<br />1~ Sweeeaseas awd Ass'l~as ]doaod; Ieint aatl Several IrabiFm_~: Capdows. The covenants and agreements herein
<br />caataimd shall bind. and the righzs hereurxkr shall inure to, the respective successors and assigns of Lends- and $ormwer.
<br />suttrrEa to the provxtons of paragraph f? herx;.f. .111 covenants and agreements of Barrow•er shall be joint and aa•eral.
<br />•Ihe caP4oos grid headings of the paragraphs of this Mortgage arc for convenience only and are not to tie used to
<br />intetptq or defiaie the prtwisitins hereof.
<br />li. Natlee. £reoe}~ for anp notice re7Tuired under ~pplicabk law to be given in another manner, ia7 am notice m
<br />Borrower pmr-ided for in this Mortgage shall he given la}• mailing such notice uy certified mail addressed to Harrower at
<br />tits Property Address ar at such other addres as Borrower mac designate by notice to Lender as provided herein. and
<br />fb) art>` mane to Lender shall bt giytri by ratified m..il, return receipt requested to Lender's address stated herein or to
<br />sudt other addres u Lender may designate b;~ tiaiice to Borrower as pmyided herein. Any Warier; provided far in this
<br />Martgttee sba6 be did to have i eeei given :a Barrawor or Lrtzder when gixrn in the manner designated heroin.
<br />~- L'!a7ter' Mot$a~ Gevcarirt ~': Sr'*`+`ra~h. -flits form of marigaga romlutxs uniform ~avtnanr. tar national
<br />use and izttrimiforta rne,etiann with iimiied vaxistiawts by jurisdiction m wnstitute a iuiifotm secunn instrument rnvering
<br />teal pr~erty. 71ii3 Mortgage shall be gnvcmetl b}• the law of T}fe jutisdietiein in which the Property is Ixated. In rho
<br />event that any pravisimt or tlatase of this Mortgage or zIx Nate canffkts with applicable law, such conflict shall not affect
<br />other patsvisiixts of this MargaSe ar the Nate whi,^h ~n be giaen effect without the confiictiag provision, and m this
<br />end the pmrisimts of the Maatgags and ~ Na3c a2 deci~.~ to >>r stvetabk.
<br />~- ~ Cagy, Bassets shaft 6.z fitrn~dted a canfatxixd copy of trio Nate and of this Mortgage at the time
<br />of ~ after ttvm irrmf.
<br />I7. 1Yaw~ ~ ~ li al! ar an}° pan of the PtUpeny ar aW interest therein is sold or transferred
<br />by lierxxtwrr w~nlarezt tondo's poor wrinrn naasem. eu.lirdirig ta) the creation of a lien ar encumbrance subordinate to
<br />this Mortptge, ib) the etesttiao of a purchase mstiry secitriry inte,•YSt feu household appliances, lcl a tratufer by devise,
<br />destartt orhYY oprtation of law upon the destti of a joint tenant or 1d1 the grant of any leasehold inte~eyst of three years ar ks
<br />clot c~aaattfi an option cep ptitcltaae, terser may, at Lrndn~'s option, declare all tbe snntti SCCnred b}' IIiAS Mortgage to be
<br />y ehre tad P4S~~ Linder shall have waned such option to axxieratc if, prior to the sale nr transfer, Lender
<br />awd ~ Perms ~ 'whom the Proputy is to be sold su ttaasfetrrd teach agteetrxnt in writing that the credit of such person
<br />s rt+r! fn I.aatler and that the interest pay'ibk op the sums secured by the \iorigage shall be at s»t-h rare ~ Lender
<br />> tegwest_ If Lratdv has waived tbt aq~ti ao acetleratc Ixaaided in this p,si-agraph 77. and if Barr©wrr's successor in
<br />>>is t~mL4t4pd a wtittea atmtewptrnr agtit>e~t accepted in writing by Lender, Linder shah release Harrower from ail
<br />tteder tltes M and the Note.
<br />IS Leridts ezetcises sts~i aptitm to aaroeletatc, Lender shall trail Borrower notice of acttleratian in acrnrdance with
<br />par~{ph I4 ] yv~li niaticx shall provide a period of riot less than 30 days from rhx daft the notice is mai'1~ within
<br />whit'b 111ottx+ssv »Y Wy rite steno daclated dot. if Borrower falls to pay such sums pricer m the espiratian of such period.
<br />~Y= Y';thmrt fitt~~ t ac dnmand un Horrawtr. iavc~e any remedies permined 6y paragraph i & hereof.
<br />I3rwt.oau ftas~tatrts_ 8arrawer and Lroder fiir4rer covenant and agree as follows:
<br />a~ iartswer ~~ ~ ~ Li pna~rari /9 6ereef, speo Don»~wer'a 6rtacY of ae}' cuveoaet au
<br />hriiittH tic toveatwws ip pay aches doe soy' sms secured by this 1lforltige,
<br />~'~' !~'r ~ acaaBtRaNow ~ ~ ate b 1 as previiie3 i gamttGra~h II htxe# sptcifyisa: I i) the breach:
<br />~ the ad(tr ~d M taR welt C31 a datr, riot Itae tin 3.i days from tie date tie watice 6 malkd ro Eorrower,
<br />i! sale! ae! hrsdi rrY ie asw,i; awl NI >iat Faiore i cure wet hreac6 ow or heron tie dote speetSed Ice the notice
<br />cep maatHr i wxiralaw ar ale ararw secured sy aria ?K~ ror,eclswre iy 7adiciai proceedloQ eta oak or the Property.
<br />1<11e Mtl4e +tai Mier htrsnw laoowrr of be ri~irt i re3svarc who acaeierwtina and fie right tc asset! io the ftxecfoswe
<br />1~ Hra wawa7dMlewes wL a delaak ar asy ether detgee or iortetru b accderatioa and fotmchiatrn. fF the bread
<br />Ice trot a~rad w ar beEate Hr date rgrceiped is Hie tatr~tirt, t,pder r Lender's option may declare aB or the sums seetutd by
<br />Hla i ie iewaetiite~ dwe a.+ gaywYe tsiM rwrther dread and may romtiae by Jodkial proeerdiw~. Leader
<br />iii ha ewilrei N osiec3 i aoci ! ail ee~eaaea et rorecbsrue, iwclndfoB, but not Battled r0. cats ar dacamrnmry
<br />oviltwco. aiaWebtaw/ tlrle regwees.
<br />!!, 7wtaaaars Bri<iit to lleirraiic. Natwiu,standirig Lender's acceleration u[ the +ums secured by this Mortgage,
<br />Bruto+rer rdta,4f have the ~ t+o have say prnceediags begtm by larder to enforce this Mortgage diswntimied at ait}° time
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