|
<br />
<br />Exrsder's wrruert agratrxni or applicable law. Borrmi•er sfufl pay the amaem o/ a!I mortttase insurance premiums in the
<br />rnatustr prnvtdrd under pxagrapb 2 ht:raot.
<br />Any amtwnis disbursed by Lender P~n~:nt ro the parapaph ?. wrth imetest tht:reon, shag become additional
<br />:ndehredroesa of Bnrrnw~er scetrrad by ihts Mort~e. t;rtkss Borrower attd f_etteier agree to other terms of payment, such
<br />aettarnts shall !+e payable upon notice from f.ereder to Borrower requesting payment tttert:of. oral shall bear irKerest from the
<br />date of disMirseirtettt at rht rate payable frgn time m time at outstanding principal under ifie 'Note utsiese payment of
<br />ittttapt at such rate would 6e contrary to applicable law- in which event etch artrnattts shaft bear interest at the higttes! rate
<br />permisaifile under applicable law. lgotfiing cotttawtad in this paratraglt ? allot! teatteite (-realer w incur anq expatta or tie
<br />any action herevttdet'.
<br />g. teapectba. under may make nr carne to be math reasrartalrle entries upon and itispttctitms of the Property. provided
<br />that I~rtder shall give Borrower notice prior to atrv Bach inapeCiian specifying reawmbk cattle therefor retated to I..eadar's
<br />intarcst 'n the Property.
<br />9. ~odearaaArm. The prnctedt of env award x claim for <lamttgn, dirttt or cottwgteential. in rnttrtection with am'
<br />condernnatinn or ether taking of the Props[++~ nr part thereof. or for conveyance i-n lieu of condannatian, arc hereby assigned
<br />and stall tee paid to tender.
<br />fn the went of a total taking of the property, the proceeds shdi be applied to she sums secured by this Mortgage.
<br />with the exccss.:f env. pa+d to 8ormwer In the event of a partial taking of the Propmy, unless Borrower and Lender
<br />orherw~ist agree in u•rir:nr there shall he applied to the rums secured try this Mortgage such proportion of the proceeds
<br />as x equal to that pmportinn whrch the amount of tht sums secured by this Mnrtgatte immediately prior to the date of
<br />taking bears to the fan marks value of the Property immediately print to the date of taking. with the balance of the proceeds
<br />paid to &xmwer
<br />Tt the Property is ahandnrsed by Borrower. M if. after notice by Lent~r to Borrower that the condemnor offers to mike
<br />an award ~+r rrttle :s claim for damagrs, Borrower faits to resporal to t.tndar within 30 dogs abet the date-such notice is
<br />mailed. Lender is atnhnrimd to collect and apply the proceeds. at i.endar's option, either to rptoration or repair tsf the
<br />Prnpertc r,r to the arms secured by this Mortgage.
<br />i'nltss (.ender and Borrower ntherwcse agree rn writing, any such application of proceeds to principal shall not extend
<br />or postpone the due date ;*f tht rttnmhty installments referred to in paragraphs I and ~ hereof or change the amount of
<br />such ~nsta!tments.
<br />tlt, Borrower Not Releard. Eztensinn of the time for paymrnt or modification of amnrtitatian of the sums secured
<br />b5' ihrs Morigage granttd he [ cndtr fn any surccssnr itt interest of Borrower shall net operate to rcitase. in any manner.
<br />the liahrbtc „f the rrigmal Borrower and Barrowei s successors in imerest. Lender .hail not he required to commence
<br />proceedings agarmt such wecesxnr or refuse to extend time for payment or ntherwire modify amortization of the sutra
<br />=:ecvred to •his "+forigagc by rcasc+n of any demand ;node by the orirtioal Borrower and Borrower's successors in interest.
<br />It. Fatiteararsce by t.eader Not a WW¢r. Arc forbearance by Lender in ezercisin¢ am' right nr remedy hercvnder, or
<br />.>therwrse .tttorded 'ry applicable +aw, sha}i nni ten .t waiver of or preclude the ezertist of any loch right or remedy.
<br />The procurement of insurance or ffic payment of tares nr other henx or chargts by Lender shall not ist a waiver of 1_endtr's
<br />right rr, accrterate the mammy ;et tot- ,ndebredness vtcured by rhir ~Tnrtgage_
<br />f2. Remedies Cumvlmlvr. 41t remtd:ts pm4rded ~n this 'Mortgage are distinct and :trmulative to any other right or
<br />reined}~ render the, Mt~rt:age :.; aftnrded by sa.s' ;,r eyvuv. ,:nd mat hr exercised concurrently. independently nr suceessivefy.
<br />13. Successtrn aed .tsaiRrts Bnatad: !Dior attd tievrrai I.iaM7ity; C"aptioas. ~i"he covenants and agreement heron
<br />~crntvncd .ital{ hind, and the rights herrunde[ shall :earl to. the rrapective strcctsstus and assigns of Lender .end Borrower.
<br />subject to tiler nrovisinns „f paragraph t' t+errof. .4N covenants and agretntents of Borrower shaft Ix ioiM and several.
<br />The ,:aptitms and headings of the paragraphs of this Mangagc are for _onvcmence only :end are not to be used to
<br />=nirr,~rrt ,,; define the prcE+srt+m herrtrf.
<br />ld. Nattier. Except for anF tionce required .ender appiicahtr tau to hr zsven rn arwther manner, tai any entice to
<br />&rrrt,wer ptov:dtd to?' :n this '+(er=gage obeli M ;;!vcn t?y matting uss:h n,*ucc Vl+y '-ertefted mail addressed in Bt'xra•,trr of
<br />the Pr:rprrty ~ddres, ,,r .i; ,uch -.rther .tddress as Borrnucr may designate by notice to f.cnder as provided heron, and
<br />fhi ens nt?hcr to 3 eerier ~?t,tll hC ¢~trn ht- .crtrlicd :Waal. retain rrve;t+t requested. ta, t seder's adrlrcss stated hirein or to
<br />mesh ~.~ttrer address .rs !ender toll designate by notne to tkrr=+wrr as iuovtded hereni Am' notice pmvitkd for ~n this
<br />ftlurtgage shall 'x dtemrd to hour itcrn p:r•en to Bnrtnwcr r?r I rndrr =-}-lien given in the manner :ltsignated heron.
<br />ts. Urtitartn'_kiortRa;r; (;:oversrirtE Law; gtrttstb~ty. T?trs !arm :,f mertgagt _ombines uniform ces'erants ft.r national
<br />^sr deli i16n-atilt*1r:*i cor'rgants :+-ifh iimiteJ r'artatlPni by pRrvdrcbon tat.onitaurt d uniform rrCUrlEy instrument covering
<br />r?+xt pruoertt-. T?,:, tilong:igc treat! lx -++?YCrned by the t;tu ;.[ she iursxJ:ct!un ~s.. wh:,•h rite Prnprrty is located- In the
<br />es•ntt that -r +v,s : +~r :'iae.e nt [his Mnrtratte ear the Vnre cnntliits with applicable (aw, such x:nnflict shall not affect
<br />Diller prnv!sicros. nt :h,s Ne'r'.zxge ~. r rite 'slx,tr •.*-hrch :;ass M• a~ven triter without the cunflictin>v prnvtsiun, and to this
<br />end the pn,r ssi,+n, ,v 'be 'slot tgagr and the tiote err dec{ered to hr venerable
<br />tti, iforrowrr's ("spy. Bnrm+rCr ,bxh t,e formshrd .r cnnfc+rmrti t'npy nt iht \ute and , t ;list Mortgage ar the t~mr
<br />ut cx~tniun or alter rcu,rdatien hereof.
<br />17. Tratwfer of flit Property: Aswagrtion. 1f a1i ,u an} ,-part of the Proper±c ar an mrercst rhea-rn is ,oed or trarr[errrd
<br />by Burrower wsth<xn Lenders prr.,r written canxat. e,rei:-sd;ng ?at tln creation td~ s lace or encurnt>tans~e -,rtiMxJmatr to
<br />this Mortgage, eb+ [he creation :'f ;purchase monru ?rcurih etterrat for household appliances. tct a transfer t,y desist.
<br />dCscenr car l+v trprrai+e n r+k tar upon the death ;'f :, ;r,inr tenant „r
<br />Lentkr may..et i-rnder~s t,put+n. declare a!i the sum. seasrrd hs~ ihtx ?rloricagr to bt
<br />mrmrd,atety dcrc .+nd payable t rode[ .hail hare --.:a<•Cd ,ur;h ,;p[ron tct acceirratr .t. Prins rn the .ale .:r transfer, I rndtr
<br />and the person o. w~hvrn the Pruper~i t,, to ,old ,v transmrrrd reaoh agreement ,tt wrasng that the urdir of lath perrr,o
<br />is sausiadt.,rs to t.cn,irs and the; the rotrrest l+avahia un the .,eau ~ecvtrd by this ltuitgagr .hall he ar such taro :,= i ender
<br />shat! reytttst if l ender has rr'arvCJ the rpt,on tr; ae.eterarr prcrv~ded :.. the paragraph t' anc3 -:f Horrowe:', sutccs„a .n
<br />iatCrCSt ha, rrestacd a +r nttrn ~.amnpirod agt'rtnai ru ace e;ucd w ;vrinn~ by ! emkt- !ender ,b:rli rcrlca><• Bnnt•wrt !rn:*r all
<br />~rbitgxuans under rhea _Mt=rtgage and the tiutt.
<br />if i ender care. e.ea lush _+ptaln tc- aceeirrate_ Leradtr =call mart lhxnnrer not.4c rl art-eleraktura m .. ctvdxncc ;,,th
<br />,paragraph ;s here.,i- Such nobcc .ball prswide a prri.><I r,f net less ttsao ?tl ;,+at. Nom e},e date Ihr nuu~t- i. mailed :+rthnr
<br />'s-hr,:h Ik+i rr~>a-rr *no, , t site +urns 4ec !still dire. '-.t Barrttwec t~=~!s :o pa•, such .:one ~~,r to the crpiratt+•n ,:r sr~h p,-turd.
<br />T.rndrr mss ~.r:th.ivt yrther s;nt.-'+ or ,iemand nn Her r<<xr[ .- -ir..,us ~.:±nidrrs ;' r:ttc.t ti, t,ar:rrtaT,h !~ t+rrr,tf-
<br />V.,n.t s,=t+u st t c»t<,ti:s B.+: rc,:vcr .,nd t red: lure ncr c..ett„rt .{ud .Sarcs~ a. ,. ,ir=ws.
<br />Id. ,'sc.:rkrarioa; f4tYrdks- Except as provided IA paraRratrh 17 herttit, upon Barrosser's breach ut any cuseaani or
<br />S~tlE¢IHEat of BarresxE[ is Etta ~lotflRaaEa N~ the ros etraais In tail rshrfl der ens surrir, secured 13y 4hlb-'lforrytaKe.
<br />la~adei prior to aec¢kratiwa shah mail twticr to 8orrewrr ah proridrd is paraRtttpb id herretf +pErityintt_ tl) the brew h:
<br />t2) t!r tia'tioa rrgrtirsd to rwr such brrai;h; tat a date, tau tent: than 3U dais retain the date the twice b twti/s'd to Borrower,
<br />try wltitit wsh Marsh atax! 6e cared; mui tfi chat fat~ate iv sore lath breach oa or bafurr for drte xprci&ed in the twtaC
<br />racy rewrh iEt accrisratba of the stress sertrnd ~ thls Sftrrtttaaa, ftarcloattre by judicial prrxredir~ atsd sale irf cite Pmtµrrty.
<br />'lie aodc~r rJutY fwtlrrr iaturaa iwrosrer of the riplht Nl r¢iastate aftH accrtrratiran and the right to aaxri in the forrckn+uro
<br />P+esttsdarR the aw-rxitsras¢ til a dafauN nt say st¢hrt drfttpie rt Batruwar to asreiermioe acrd ttirectsnutr. if the breach
<br />N aW , reed utt ter 6efmr the drte sprrifiad is tiw aeries. Leader at I.rndEr's tiptiea rcaty dn~tarE ail of the stress aerated by
<br />tfrY l-faE~aats rn hr iasurediaaefy der and pr}:r8ir wlthpsrt fwthrr dcmaei atsd. may /orerknt by jtidirtat prtrvicedirtt. txuder
<br />sisaB Ire Eattiilyd it. eadMce iw suet+ prer'rEdlrrg aq-axprarrer of fervrkrRtirE, inrfwdlap„ hat not Merited tn. rosh+ srf dtrcuturr+uuy
<br />aitfarsrE-. akstrstch sad isle raputtis.
<br />t§. fLtrr~wrrs l±Ei~u m AalitAilrte. ~.:iwrlltsttend+ng l r:sder s ~, ..ti~rat:,+n .,? tt,e =,:tr.n see+rtcet -t,,:._ Et,+rseagx
<br />f'~'j'+ ,dfY '.1.iL1! hyi£ ~#: -c }~rir! '..- hate! 3',.!3 nxf'~i~l.T.'9Y,-_ h."a= r,e f ...a.~r .. .... _ '4r~. 'ga__ ,, e ..,., to ~. .,-:e ..,.-_
<br />
|