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SO-~ 003..924 ~ -
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<br />Lender's wr}uen agreement or applicable law. Borrower shalt pay the amount of alt mortgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />Any ammmt9 disbursed by Lender punuant to this paragraph 7, with interest thereon, shalt become addi[iooaL
<br />indebtedness of Borrower secured by this Mortgage. LFntess Harrower and Lender agree to other terms of paynsent, stseh
<br />amounts shall be payable upon notice from Lender [o Borrower requesting paymen! thereof, and shall bear (merest-from the-
<br />date of disbursement at the rate payabk from time to time on outstanding principal tinder the Note unless payment of
<br />interest at such rate would be contrary to applicable taw. in which event such amounts shall bear interest at the highest rate
<br />permiss'ble under applicable taw, Nothing contained in this paragraph 7 shag require Lends to incur any expense-or take
<br />any action hereunder.
<br />8. Itrspeetiear. Letrder may make or cause to be made reasonable entries upon and ittspectiotts of the Property, provided
<br />that Lender shall give Bonower notice prior to any such inspection specifying reasonable tense therefor related to Cendu's
<br />interest in the Property.
<br />9. Condemnation. The proceeds of any award or claim for damaees, direct or conuquential, in connection with any
<br />condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation. are hereby assigned
<br />and shall be paid to Lertder.
<br />Tn the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Mortgage.
<br />with the excess. if any. paid to Borrower in the event of a partial taking of the Property, unless Borrower seed Leader
<br />otherwise agree in writing, there shall tx ,pplied 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 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 the balance of the prtxxeds
<br />paid to Borrower.
<br />if the Propert}• is abandoned by Borrower. or if, after notice by (.ender to Borrower that the condemnor offers to make
<br />an award or settle a claim for damages. Borrower Eails to respond to Lender within 30 days after the date such notice is
<br />mailed. Lender is authorized ro cMlect and apply the prceteds, at Lender's option, either to restoration or repair of the
<br />Property ter ro the sums se:.ured by this Mortgage.
<br />unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend
<br />or posrpane the due dare of the monthly installments referred to in paragraphs 1 and ?hereof or change the amount of
<br />such installments.
<br />10, Horrower Not 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 shall not operste to mlease. in any manner,
<br />the liability of the original Borrower and Borrower's successors in interest. tender shall not he required to commence
<br />proceedings against such successor nr refuse to extend time for payment or otherwise modify amortization of the sums
<br />secured M~ this Mortgage by reason of any demand made 6y the original Borrower and Borrower's successors in interest.
<br />I I. Fnrbearaocr by Ixttder tint a Waiver. Any forbearance by (.ender in exercising any right or remedy hereunder, or
<br />otherwise affenied by applicable law, shad net be a waiver of or preclude the exercise of any such right or remedy.
<br />The procurement of insurance or the payment of lases or other liens or charges by Lender shall not be a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />12. Remedies CumuMtive. All remedies pmr:ded in thin Mortgage arc distinct and cumulative to any other right or
<br />remrJy under thn Mortgage or afforded h9 !aw or ryui»~. and may he rxercrced conhurently, independently or successively.
<br />!3. Snectssors and Assigtrs Hound; Joist and Several i.iabr7{ly: Captlnns. The covenants and agreements herein
<br />a?ntamed shall hind, and the rights hereunder shall inure to, the respective successors and assigns of Tender and Borrower.
<br />wbject to the pravivons of paragrapi, I7 hereof. A0 covenants and agreements of Borrower shat! br joint and several.
<br />The cape a+m and headings of the paragraphs of this Mortgage arc ft?r asm~en:rnce unly ,end arc not to fie used to
<br />Interpret nr define the provrsionc hereof. -
<br />14. No1ke. F.xrept Poe any nonce reµuirrd under applicable tar m 6e given in another manner, (al any notice to
<br />&an~wrr pn,nded for .n this Mortgage shall He given h1 mulling surf: nonce M~ xrufied mad addressed to Honorer at
<br />the Pen, eery Address ar .+t .uch +,Ihcr addrrs.:n Borr„w cr may de.,gnafe by notice to Lender as provided herein, and
<br />tb, am t+uu.c to Lender shall he green by vrrt+fird mail renrr.± vets: pi reµueaed. !,+ 1 rndre', address stated herein or to
<br />such •sthct address as Lender ma} irsigna[r ht nonce to Horrowrr ss provided heron .4 m~ notice provided (arm this
<br />Mortgage shall he deemed to have been given to f3nrn+wer .vr 1 ender vv hen given in the manner designated herein.
<br />IS. l: niform Mortgage: Governing Law; Sevrra6Nite. Ibis (:,rm of mortgage combines uniform cenrnatxs for n~;,t:net
<br />ac and aan-uniform covenams with timitrJ rarianons h} junsd:cnon to conttinne a uniform sccunt}' instrumcm ~••vrnng
<br />real pn,pern T'h:s Mortgage shat! hr gosen?rd M the !;rw of the iurnd:cuon in which the Property :. boated. In rhr
<br />event :hat am pn,vsor. or clause of chi. Mortgage ur rhr Notr cnnlLe:c with applicable law, such contJrct .hall not :rffert
<br />other r+r„uvrons of the Mortgage ,u tht• No4• »h:ch <an he given velar without the con;Lain~ pm>ivien. and to this
<br />enJ rhr p: o, :,i.+ns of the Mortgage and rhr \n:r err .ic.lared to he severable.
<br />16. 6orrowrr's Cop}. Borrower .hall he tunnshed .r .nnlorn?ed copy o1 the Nntr ,rod of th:. ltortgagc et :he nine
<br />of evrv union nr ,,free n.~urdaunn here,.(
<br />17. Transfer of the Pmpert}; Assumption. Ir .ell of ant i,•u: of thv Prnpcn} of an nuerev therein is sold ,+r transirnrd
<br />by Bor rower »ahuut Lender's poor »nucn .,omen:. rxeludntg =.v ~hc .rcauon „t a hen nr rncumbrancr wborJ~nate to
<br />rhr. Mnugagr- +h: the .reat,on .d purchase mono sra,n:r ;nmrru tot huusrhnld apph:ut:r,.:~! a [rrm(cr by dense,
<br />descYnt nr hp n(xranon et la» ulsa, :he death nt ~e nun trnam nr
<br />1 -ender ma}.:n Ixodefs opuon. dreiaa~ eii :he sum. sraneJ by this Mortgage t„ hr
<br />~romediutely due .+nd puyabla• t cnde:.hall ha,r a. r. c•d s„s l- option :, . s<e!rr.de u- prior n, :he sa,r or transfer fender
<br />and the Ile rvun to »h+an the Pro{win i, :o he ,oL: ni' reenact rrJ ira.h .~grecntrn: n »nnng then :he vredit of sa:h Person
<br />s saustav ton m 1 cn,irr anJ the: rhr inters pav.,nle ,,n rhr ,"ru, st wed },>, s~?r, llnrtgac.~ shad }+c :u cudt rr[r .:. I ender
<br />shall reµuevt !f t ender has r:nv rJ the opu.m to .nee;er ate p: n. nicd ~„ rho p.,ragr.q?h !' .rod ~f Hnnow e: ~, susn•ssnr in
<br />mtereot has eat: urea a »nttru ssumpuon agncnn•nt ncce Ptcd m wrnmg he t ender 1 cnJCr .hall relrtsr Heriowcr trtmt all
<br />ohligatians under ih:s Mortgage and rhr Vote.
<br />(( Lrndri evrraus w..h opton to acrelcram. t cndrr .hall :.ail Hon,,,.rr n,u;.. ~ , .. xter alien :. ac.onlanre rnh
<br />paragraph ! d ht•reot Suet; n,4nr ,:hat! provrdc a pu:nd -t t 1_•z - ~(t J , . , . _. .~,. _ ;},, .... .:aided ~+::h!rs
<br />a-hie6 Bun,~rrr mad es the •ants dd. eared due It Bee ,,,.rr i„i. , u,t -_:n I"•~, -,!c _~v~.t.rt •-.h p.:a¢l.
<br />Lender coati . 'uh,+ur fuutxr n,rtnr of demand .,n Bo, n,w cr, .o,n6r .uuri:iurdic. ;i^. no.IEr,f r, Paragraph ~r i~.•: c.d
<br />Now-l:wnost at lovFa_s',ls Bentower.rrnl l_endcr truihei ~n,caa;u anJ .ar ec ~+l=t?nws
<br />tM. A.celeratbn; Rexsrdies. Fxrept av provided in paragraph 17 hrreot, upntt Bor raw er'v brcavh of any cos rnunl or
<br />rtarermrnt of Burrower in this Nwigagr, iaeludirgt the cos rnants to pay when due auv .noes secured ht rAis ~lortgagr.
<br />Lender prior to accakra/iwt sha{I mail rwNirr to Horrosver as provided in paragraph IJ herrat .pea ifyurg: f 11 for brravh:
<br />12) the ntbu regained m rare xuvA brracA: i tl a date, oat Ic-s than W days frauu rhr date rhr rwtiyr i+ nmilyd w Bureau er,
<br />6,r wAieA swh brravh must 6e cured; sad (41 that taBure to cure vucA brerc6 un or treiore the date apecihed in rhr ttrNicr
<br />may rrsuh is arcekratinn lit the rums secured by thu Mortgage, [oreclrrsure by Jrdia•ial pnrcreding sad sale of the Ptxrperty.
<br />"1'Ar aut&r sAatl (seeks: iwtorm Borrower of rhr right w rrixstate after arcrkratian awd rhr right to a-vsrrt in tfie furrchtsurr
<br />PrureedAvg tAe tare-rsktrn.r ref a tkfau}t rn Yay otAer decease xf Burrower to accrtrratioa and t'orectrnsurr. H' the breach
<br />is rrr4 cnsrd un or trelorr rhr date vprctfied in the rwrtke. 1 radrr at I.rrrder's apiion ma} drehtrr all of Ihr sums secured by
<br />tAis Mwrtgrgr to ere immrdlatrfv der acrd pay aAk wittwut. tartAer drmaad and rrwv torrclove Ay judirtat prucrrd'rrp;. [ cndrr
<br />.Asir hr retitled to rotirct in surh ptwerdhtg all rxperrvev of turachwure, inclwtitta. bar not limited tn, ,u+is of durumrwary
<br />es'tdrarr, atstrach arW title rrpurty.
<br />t9, Barrrrwrr`s I[~At to Rrbavtate. 4 -~- r _-.,d..:g ! r:+c;.a ,_ ~ ... .. r , -._. ,,. s. - ,t„~ yt -,
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