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<br />$~9-- ~~
<br />Lender's written agreement or applicable ]zw. Borrower chaff pay the amount of 211 mortgage insurance premiums in the -
<br />manncr provided under paragraph 2 hereof. _-
<br />Any amotmts disbursed by Lender pursuant to tfiis paragraph 7, with interest thereon, shall become additiona~-
<br />indebtedness of Borrower secured by this Mortgage. Unte_cs Borrower and Lender agree to other terms of payment, such:
<br />amounts shall be payable upon notice from Lender to Borrower requesting paymem thereof, and shalt bear interest:from the-- - -
<br />date of disbursement at the rate payable from time to time on outstanding principal under the Note unless--paymertC of- -
<br />interest at sueh rate would be contrary to app!€cable law; in which event such arrtounts shalt bear interest aE the highest-late, - -
<br />permissible under applicable taw. Nothing contained in this paragraph 7 shall require Lender to incurany expense ar take-
<br />any action hereunder. - - -
<br />8. IrtspecRon. 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 fo any such inspection specifying reasonable cause therefor related-toLender's:--=: - -
<br />interest in the; Property. - --
<br />9. Condemnation. The proceeds of any award or claim for damages, direct er consequential, in connection with any=~~.
<br />condemnation ar other taking of the Property, or patt thereof, or for conveyance in lieu of odndemnation, arc hereby-assigned -_ -
<br />anc! shall be paid to Lender.
<br />In the event of a total taking of the Property. the proceeds shall he applied to the sums secured'by this Mortgage.;'-~~_ --
<br />with the excess, if any, paid to Borrower. Tn the event of a partial taking of the Property, unless Borrower and Lender'
<br />otherwise agree in writing, there shall be applied ht the sums secured by this Mortgage such proportion of the 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 prior to the date of taking, with t'ne batance of she praicce.!s _
<br />paid to Borrower. - - -
<br />If [he Property is abandoned by Harrower, or if. after notice by Lender to Borrower that the-condemnor offers to make - - -
<br />an award or settle a claim for damages, Borrower fails to respond to Leader within 30 days after the date such noticeir-
<br />mailed, Lender is authorized to collect and apply the proceeds, at Lender's option, either to restoration ar repair of the -
<br />Property or to the sums secured by this Mortgage.
<br />Unless Lender and Borrower otherwise agree in writinc. any such application of proceeds to principal shall not extend
<br />or postpone the due date of the monthly installments referred to in paragraphs t and 2 hereof ar change the amonnt of
<br />such installments.
<br />10. Borrower Not Released. Extension of the time for payment ate modification of amortization of the sums secured
<br />by this Mortgage granted by Lender to any ,ue~essor in intcresl of Rorrnwer shall not operate to release, in any manner,
<br />the liability of the original Borrower and Borrower's successors in interest. Tender shall nni he required to commence
<br />proceedings against such successor or refuse to extend time for payment or otherwise modify amarfizatinn of the stems
<br />secured by this Mortgage by reason of any demand made by the original Borrower :tied Borrowers successors in interest.
<br />t i. Forbearance by Lender Not a Waiver. Any (arbearance by [.ender in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable law, shat! not he a waiver of or preclude the exercise n? any such right ar remedy.
<br />The procurement of insurance or ti,c payment of taxes or other liens ar charges by Lender chap not he a waiver of Lenders
<br />right tit accelerate the maturity of [fie indebtedness secured h7 this Atartgage.
<br />12. Remedies Cumulative. All remedies provided in this Mortgage :err distinct and cumulative to any other rigttf or
<br />remedy under this Mortgage or afforded M~ la„ or equity.:mef may hi oxen-iced capcurrently, independently or successively.
<br />13. Successors and Assigns Bound; .Total and Sevrrai T.iabftity; faptions. 'Plc covenants and agreements herein
<br />mniaiueJ shall bind, and. [he rights hcreundef Shall inure ta, the respecuvc arcces,ars :rod assigns of Lender and Borrower,
<br />subject to the provisions at paragraph t? hereof. All covenanh earl agreements of Harrower shalt be joint and several.
<br />The captions and headings of the par.;errphs nt this Mortgage :.re £.,r ~an:•enrencr .rnh• :rod nn' not to ire- used is
<br />interpret or define the provisions hereof.
<br />f4. Nntiee. Except for any notice required under applicable i:ns to be gn•a•n m :mother manner, cal :nn~ notice Ut
<br />Horrou•er provide-d for in this Mortgage shalt he given bw matting wch notice he eenifled mutt addressed tit tten~nu er at
<br />the Property Address or at such other eddies, as Harrower may designate 'cy notice to !.ender as provided herein. and
<br />{h! any notice to Terrier shall he given try eeruticd roue, return recrq+t requested, to I enalez4 address stated herein or to
<br />such athr_~ ~drr- _s [ raaPr loop d.-a ~* ha• :xt i;.-e !a. Bn _. ~rr as pravid~ ! hP ,. Any natic~ 'vict~.rt roe :.. !!;Ss
<br />Marlgage shalt be deemed to have item given to Borrower or T'cnder when given in the manner desienatrd l:crefn.
<br />13. Uniform hfortgage; <;uverning f.uw: Screrabilily. T?tis form of rnortgacc _..^mhinis uniform covenants fcr national
<br />use and non-uniform cavennnis with limited variations by jurialictiun to cansuiute a uniform security instrument covering
<br />real property. This Marlgage shall he governed by the law of the iurisalicnon In which the Prapern• is located. In the
<br />event that any prevision ar clause of chi. Isiartgage .+r the N.~IC a:on0icn ,aith applic;rhle taw. +uch conflict sh:dl nut afTcct
<br />other provisions of this Martgagc or the Nate which can he given eIT'ect +,idu,ut the :onllictine pmcision. and to this
<br />end the provisions of the Mortgage and the Nntc arc drdared to he sc s•croble.
<br />t6. Borrower's Copy. Borrower .hall he ftrnu,heJ a a~nlormcd copy of the Ntnr and of chi. Murtgagr :+t the unto
<br />of execution or after recordation hereof.
<br />17. Transfer of the Property; Assumption, if all or any part of the Property nr nn interest therein is wid or trap>fcned
<br />by Borrower without Lender's poor wrinen .on,ent. excluding Ia) the crcatio^ .+f a Iron or encumhruicc uthonhn.ua in
<br />this Mongagc, {bj the creation of a purchax money swnrity interest tat hnuseholJ apphancrs, Icl a tronsler I+v day ice.
<br />deueut nr by oIteratian of law upon the .lexth .,I a !Dort tenant or •. • .` -- ..... - ~ ..... . ...... ... ...... .. r... .. .., .. .
<br />[ ender nury..u I ender's option. Jeciare ail the sum, cer,nrd by this Mortkagc t,. he
<br />immediately due and payubir. I ender shall base warred ,uch npnon ro .r.rc!rrute rt. prior t,• the s.+le or uansfcr, I cuter
<br />:end the lx;rson to whom the Property i. to he said ur ir;rnaier cad reach .ierernrant tit ,err, uig thin rite .:edit of ;uch pa•i;on
<br />i; suiisfactm'y to Lender attd that chi irutrist paY~ble on the ,anti secured ht this Mortgage ,itirll he ,tt sueh late .n I incite
<br />shall rcyuest. tf t.cnder has waive.! the option fn accelerate pr.rvr.le~i rn fhr+ trarnenq+h I :, and d B.arcw+cr', su...e+a.a tit
<br />interest has executed a written assunrptian agreement accepted in ,vetting by i.endr.rr. I.cuder ,hail release Homo,. cr linen alt
<br />obligatmns uodcr this Mortgage and fhr. Note.
<br />IF Linder carrciscc each oe[ien [e? aeeetCrat4. [ender shalt inert 6t,rn,u er :+~ucc cl' a cclet aln v+. r a,rdantr wch
<br />I><oag rtph IS hcriof. Such notice s17idl pntvide n ncn.ul „i nrn is. titan i(! der, loan rite dare the Hair. i, ameded ,. irbm
<br />which Harrower m.:y pay the saris declared due €t Borroaacr tart, ^n p,,, urah ..,m, pool to the cspu sin^r~ „ r~, a,.
<br />Linder may. without funkier nonce ar demand on Rarnn+cr. ~~.r, oi.c :my rrnx•dic, pc; unta•d t„ i^ar.nn.rph -+ hereof. t•
<br />Norv-Untu~aH+t CacerveNrs. lkxt++war.md I coder tunhm .o+coa:u .root .:glee r, h.lluwa.
<br />I8. Accclerathm; Renedies. Except as provided in paragraph i7 hereof, upon Borne+er's breach of au} carcnruu ur
<br />ugresnxrnt ref !Borrower €n !kits .1lortg:rge. inrlading the e~tr+rnunis err par wtrrn rFor tine su:rss u•cws'atti b} this .1furlaa~e,
<br />I.rntter prior to arerieratiun +haii mail natter m Burrower as pnr+ided in lrarugruph i-t herrot sprcif}fall: f it ihr ttecaah:
<br />t2) lhr uctiou required to cure code breach; t.h u date, nut Irsa thus Jtl da}. from fhr dart the notice a omiird lu ktor rower.
<br />by rvhieh such breach must br auredi and t4f that Faiturr to rare such breach an or befnn- the dust spay ftiari ra fire notice
<br />may result fn uccekratimr uF fhr aunts secun•tl ty this ,~Lrrrf;agr, forerlosurr 6y jaAfcfal pnarrdintl :uul sale nT the Prupmry,
<br />'the noEitt'sha~~ iur'lher inform Borrower of fhr right Iu reinstate utter uacelerutfnn and the n};4t to over! in the foreciusnn•
<br />pQOCNCdin)f for nun•rxtsteuar of a dcfuuit or tin) ulhu defcmr of Bnrn+++cr to aaa eicr:ufou cud €umdu+rue. ii the breach
<br />is nuI ruratit nn tar 6rfon Ibe date epecilied in fhr notice, Lender tit bender's nptinar Hwy daatnre oft of the soars sarurcd by
<br />tbh Rlortttagc to tic intnwdfatrl} due. Had potable wtihunt Further denrund uori may furrcinsr ha judfriat prurra+ding,. i.endrr
<br />shsH tw calif€rd to ratlrai In surer procrrdirg alt csprerarn rd terra tos:rrc. ittctudfr.t;. tau not Ifr.ritrd ar, sort. =rf dnrenrrv tit ar}
<br />eeittr :ce, ;tC~traa~l~ attd title r. p;rrts.
<br />€y, tT;,° .. t?:a.~.t ,+.ioaae. a., .. ;ar,,, ::h . . ... ............ .. ... .,,..•, .-,r.,,, .. u;:. \i,.r...,..
<br />Han~[arver sFmH~havc the ria,ht ta~4avv ,ere} I' ocrcdmgs I.arturr t+r~ i ..nt ,~ -, . , axl - ~,• ~ .r , .., ~ r.,
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