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80- X1943
<br />Lender's written agreement or applicable law- Borrower shall pay the amount of alt mortgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />.4ny amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon. shall become additional
<br />indentedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment, such
<br />amounts shall be payable upon notice from Tender to Borrower requesting payment [hereof. and shat! bear interest from the
<br />Jate of disnursetnent at the rate payable from time to time nn wrtatanding principal under the Note unless payment of
<br />interest at such rate would be contrary to applicable law. in which evrnt such amnnnla shall hear interest at-the highest rate
<br />permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />any action Hereunder.
<br />8. Inspection. Lender may make or cause to ne made reasonable emries 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 />interest in the Property.
<br />9. Condemnation. The proceeds Df any award or claim for damages, direct Dr consequential, in connection with any
<br />condemnation Dr other taking n( the Prm,erty, or part thereof. Dr for conveyance in lieu of condemnation, are hereby assigned
<br />and shalt nc paid to Ixnder.
<br />in the event Df a total taking of the Property. the proceeds xhali be applied tD the sums secured by this Mortgage.
<br />with the excess, if any, paid tD Borrewcr. to the event of a partial taking of the Property, unless Borrower and Lender
<br />otherwise agree in writing, there shall t+e applied m the sums secured ny 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 nears to the fair market value Df the Propert}• immediately prior to the date of taking, with the balance of the proceeds
<br />paid to Burrower.
<br />If the Property is abandoned by Borrower. Dr if, after notice ny Leader to Borrower that the condemnor oHen to make
<br />an award or settle a claim (or damages, Borrower fails in respond m Linder within JO days after the date such notitt is
<br />aced. Lnder ; aurnnrized ro collect and apply the proceeds, at Lender's option. either m n_steratien nr repair of ±he
<br />Property ar to the sums secured he this Mortgage.
<br />Lnkss Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shag nm extend
<br />Dr postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of
<br />such Installments.
<br />(0. Borrower Not Released. Fstension of the time for payment or modification of amortization Df the sums secured
<br />by this Mortgage granted ny Lender to any successor in interest of Borrower mall not operate to release. in any manner.
<br />the liability of [he originaFBorn~arer'and-Br+rrewert successors in interest. Lender ehall not he required to commence
<br />proceedings against sttCfi`~u~t`'. c+~~~i#sdrt~~xtenJ time for payment or otherwise modify amortization of the sums
<br />secured by this Mc>~age ~if14i rCiem d made by the orieinai Borrower :rod RDrrowers successors in interest.
<br />11. Forbearadca6y_~ • ~ , f1~o~,a~6erri Any fonc~arance Hy Lender in exercising am• right Dr remedy hereunder. or
<br />otherwise afforded by applicable law. shall na(~he a waiver Df Dr preclude the zsereise of am su.h right or remedy.
<br />The procurement of insurance or the payment of rases or other liens or Charges ny Lender chat! not he a waiver of Lender's
<br />right to attelerate the maturity of the indehtcdncss secured ny this Mortgage.
<br />12. Remedies C.umulaNre. Ail remedies pmcided in this Mort¢age are Distinct and atmulative to any other right or
<br />remedy under this Mortgage or afforded ny law nr equir'.:md may fr exercised rnncurrcruly, independently nr successively.
<br />IJ. Successors and .4sslAns Bound; Joint and Serenl f.iability; Captions. The covenants and agreements herein
<br />cnntaineJ shall Hind, and the rights hereunder shall inure to, the respective successors and assigns of [ender and Borrower.
<br />satnject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall ne joint and several.
<br />The captions and headings of the paragraphs of this Mortgage arc for convenience onh• and are oat In he ustJ to
<br />imcrprcl or define the provisions hereof.
<br />iS. NMiet. Except for any notice reyuircd under applicanle law a+ he given m another manner. (al :my nMice ro
<br />Borrower proviJed for in this Mortgage .hall he gnat ny mailing each notice by .crafted moil addressed to Borrower at
<br />the PrDpeny AJdress or :u such other aJdrrss as Borrower mas• designate hy~ nrnice to Lender as provided herein, and
<br />Ih) :my noUCt to Lender shall nr given by cernfied mad. return receipt requesteJ. to LenJer's address stated herein or to
<br />such other address :!S LenJrr may- decimate h} notice t•, Hormwer as pmviJeJ hr« in. •tn}• notice pnsvideJ (nr in this
<br />Mortgage shall he Jecmed to have been green [n ftnrn,wer or 1 ender when given in the manner designated herein.
<br />15. Uniform Mortgage: Governing Law; SerenWlity. flits form of mortgage c.+mhinrs uniform a,vrnants for national
<br />use anal non-wtitorm rovrnanis •.+ith limited vari:uions by junsdreur+n to cansnnne a uniform serurin' instnunent DVrnng
<br />real property. This Mnngagc shall he governed by the law n( the iunsdiction in which the Property n Ioe:Hed. In rho
<br />event that any provision or clause of this Mnrteage or the Note rontliCis with applicable law, such :Dottier shall not atTrct
<br />other pnrvisirnis of this Mortgage nr ihr Note which Can he given rllect without the .onllicting nnrvicion. and to this
<br />enJ the pros isious of the Maugagr .mJ the \ore are Jcdared to ne severable.
<br />16. Borrower's Copy. Borrower shall hr funushed a amb+nncd vipv of the NOIC .iml Df this Mortgage at the ume
<br />of execution or alter reeanlation ~~ta+f-
<br />17. Transfer of the Property; assumption. if .ill ,+r ans p.ut of the Propene nr an unerrst therein is soW nr lean+fcrred
<br />h) borrow er without Lender', {+rn ~r uunen .umcnt. rxcluJing I:u the rrcalum ut .i lien er rnrumnranrr whnnlin.iir to
<br />this Marrtgagt. in) Ihr creation •,f .~ pure h.uc Hartley ucnriy- interest for h„nsrhulJ applmnccs ict .. Nansicr by des rse.
<br />descent or by nprratlun o(!aw apes: the Jcath tit r unm ton:un nr
<br />I ends may, at 1 nndrr\ option desalt all !hc vuu. •crmrJ M Ihic \L,ngagc t~~ nr
<br />nuntr,Larrly due .mJ payable I ender .hall base +. i.eJ ,unit option h~ .icccler.ur i!. prior w the ~.,Jr of u;uxirr. I ruder
<br />and [hr person :, whom the Penprny r. io hr ,Did or iemsterrcJ mach .~grewmani m w Wring th;u the credit nl sorb person
<br />is sutisfactor' iu Lrmler .uul Ih.u the inirn•si pave hie on the soon ,sealed M ihn Mmlgagr .hall hr at +uch late .a 1 coda
<br />shall rcyucet. If 1 rndcr ha. waived the i•pi ion to .i eclci ate pi o+ided i.i ih~s lu r,grh 17, inJ it H,vn ws ci', ai, s.m in
<br />interest has executed a unnen assum{,bon agn•rmrnt aercptCJ m annng by I ender 1 enJrt shall ndrasC Hun..w Cr~innu .ill
<br />unligauons under this MDrtgage and the Note.
<br />If Lender cxen•isc, each opunn lu acrelrrate. 1 ro.ier ,hall mail Harrower nonce of :mcelrraunn m aca,niana' wuh
<br />paragraph I-0 hcirnt. tiuch .mace shall proviJr a proud Df ntn Irss Ihait UI ,lax, L-um !hr date the uotir~ is niuilcJ within
<br />whtch Berm ' • ma= ,a5- tc urns . c.;,ire.f due It Rntro cr `.uis in p„} s,-.h -i,tne pn.,r t ,die evpirini,n .,t cn.-h har,nd.
<br />I xndct ma}, without further notice or ,hm.uxl .m Ha+i rower, mvoAc .nty irnmdir. per ntuteJ by I,,u agntpn iN hen'ol.
<br />tvoN-t'wtDaxt c uvE?,nFrs lionowcr.~id I cnJcr tunhe.r ancn.un anJ agree a. I•+ilowa:
<br />18, arcclrralion; RrmeJiea. t:xa-ryt to providtd in paragraph 17 herrol, upon Borrower's breach tit any covenant ur
<br />agreement of 8orrowrr in dsis ~lortgagr, imluding the cos rnaMs to ya} whco due any sa.as secured Hy Ihic 'rlorlgagr,
<br />Lender prior to acceleratbn shall mail iwtiCe W Borroxrr m pr~sidrd is paragraph 14 hereof specifying: Il) Ihr breach:
<br />tZ) the action reyaited to core such Mrnch: {Jf a datr, rwl loco than lU days from the date the notice is ntailrJ to Barrowrr.
<br />by which such breach must be cured; and lit that faUure to cure such breach nn or before the date specified in the notice
<br />rosy result in acrkration ni the sums secured by this Mortgage, foreclosure by judicial procecdhyt and sale of the Property.
<br />'I hr notice shah further inform ISorrowrr aF for right to rcinstale after acceleration and the right to uoerl in Hrc toreclo.+urc
<br />procerJing the nuamxbtencr of a drFaull or any other rkfettsr of Bnrrnwrr to accrkratiun nod Fot~dosure, IF the hrcaclr
<br />is oat rureJ oa or brGxr the date speaifed in the itoticr, I,rndrr at Lender's option may dechtrc all of the ..ams sacweJ n;
<br />this MartRagr to he imntrdiatrly due and payable without hrnher Amrand and Wray Foreclose by judicial pruccedittg. t ruder
<br />shall hr cnliilrJ to collect in such proceeding all rxprnsrs nt forecloxuvr, iaclndiryt, Out nni Ibnhe~d W, costs nF dusumcniar.
<br />eridencr, abstncls and title reports.
<br />19, Borrow'rrs Right to Rrinstatr. !V Uiwdhatundmg l endri'e ascelet.urm of the uum secured by Nos \loni:a~.:.
<br />Hoirowet sitafl have the right ro have anti proceednigs tx;gun ny 1 rndcr to rnh•nr ihn Sluugago disconhnueJ ,rt am t~n~.
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