|
,~^~~.~~a?~~~~~~~
<br />Lender's wntlen agreement or applicable law. Borrower shall pay the amount of alt mortgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to tfiis paragraph 7, with interest thereon. shag become atiditiona
<br />indeMedneas of Borrower secured by this Mortgage. Lrnless Borrower and Lender agree to other terms of payment, such
<br />amounts shall he payable upon notice from Lender to Borrower requesting payment [hereof, and shall liar interest from the
<br />date of disbursement at the rate payable from time to time on outstanding principal under the Note unless payment of
<br />interest at such rare would he contrary to applicable law, in which event such amounts shall bear 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 />g. !t>,apecdrm. Lender may make or cause to be made reasonable entries upon and inspections of the Property. provided
<br />that Lender shalt give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />9. CoodemtaMon. The proceeds of any award or claim for damages. direct or consequentiah in mtmeetion with any
<br />condemnation or other taking of the Property. or part thereof, or for conveyance in lieu of condemnation, are herehy assigned
<br />and shall he paid to Lender.
<br />[n the event o(a total taking of the Property. the proceeds shall be applied to the sums secured by this Mortgage.
<br />with the excess. if am•, patd to Borrrnver to the event of a partial taking of the Property, unless Borrower and Lender
<br />nrheru ise agree. in writing. there shall he applied to the sums secured by this Mortgage such proportion of the proceeds
<br />as s equal to that proportion which the amount of the sums secured by this Mortgage immediately prior to the date of
<br />takin¢ bears to the fair market value of the Property immediately prior to the date of taking, with the balance of the procceds
<br />paid n+ Borrower.
<br />if the Property is ;thandoned by Borrower. or if, after notice by tender ro Borrower that the condemnor offers to make
<br />sn award ar settle a claim for damages, Borrower fails to respond to i.ender within 30 days after the date such notice is
<br />mailed. Lender is authorized to collect and apply the proceeds. at Lender's option, either to restoration or repair of the
<br />Prnpe•rn' or to the sums secured by this Morteage.
<br />t`nless Lender and Borrower otherwise agree in writing, am~ such aoplicalinn of proceeds to principal shall not extend
<br />nr postpone fie due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change [he amount of
<br />ouch :nsudlments.
<br />10. Borrower Not Released. Extension of the time for payment or modification of amortization of the sums secured
<br />t+y this Mortgage granted by Lender to any successor in interest of Borrower shall not operate to release. in any manner.
<br />[he liability of the original Borrower and Borrower's successors in interest. Linder shall not he required to commence
<br />proceedings against such successor or refuse to extend time for payment or otherwise modih• amortization of the sums
<br />secured by this Mortga¢e by reason of any demand made by the original Borrower and Br•rroueis successors in interest.
<br />71. Forbearance by Lender Not a Watver. Any forbearance by [.ender in exercising arty right or remedy heretnder, or
<br />otherwise afforded by applicable !aw, shall not he a waiver of or preclude the exercise of arty such right or remedy.
<br />'The procurement of insurance or the payment of taxes or office Miens or charges by tender shall not he a •.vaiver of Lender's
<br />right to accelerate the manaih• of the indehtednecs secured by this Mortgage.
<br />72. Remedies Cumulative. .All remedies preeided ht Chic Mortgage arc distinct :end cumulative to arty .xher right nr
<br />remedy under this Morteagc or a(Tnrded by '•sw or equnc. and mac be exercised nmaumntlc. independt.nth' or ,uceessively.
<br />73. Successors and :assigns Bound: Joint and Sts real Liability; Captions. The covenants and agreements herein
<br />contained shall hind and the sighs hereunder shall more tu. ;he respective successors and assigttc .•f Lander and Borrower.
<br />subject to the provisions ~.+f paragraph I~ hereof. All covenants and agreements of Borrower ,hall he iomt sod several
<br />The captions and headings of the paragraphs of this Mortgage are for u~m'emence only and arc nor io he rased to
<br />interpret or define the provisions hereof.
<br />{i. Notice. Except frig any notice required under applicahle inw to he given m another manner, ia! am• notice to
<br />Bnrnnver prm•ided for in this Mortgage .hall he etetr. iw mailing ,uch notice by ,crufied matt addressed to Borrower at
<br />the Property .-Address ,,r :u uich other address .u Borrower mac der~gnate be notice to Lender as provided herein. :end
<br />i61 am ounce m t.tnder shall he given hr ~ertificd mad, ren~m rect.pt reyucctcd. w Lender : address statcet herein or to
<br />such .ether adlrese s t_cnder m:n• designate by noose !o Borrt+uer as nrnvuicd herein. ri m~ notice nrnvided for -,n this
<br />Mortgage shall he deemed to have been given to Borrower or ! .ndrr +ehen given in the manner designated herein.
<br />35. Uniform Mnrlgage; Governing Law; Sererabflttw, fhr•. r,rm of mtrttgagc combines -rniform tnve'nani; -_ r aaunnal
<br />use art.l nom uniform covenants ,s i[h limited v;;nsuons be lumdieunn to :unsunne a unifnrnt secants instrunreni covering
<br />real prnpertc This Mortgage shalt be governed he the law :,i thS ntrisdicfinn .n which vhe Prulx rc ,~ located. In the
<br />event ghat nnc provision or clause ,+( this Mortgage ar the Nate .onlict, ,sith applicahle l,tw .u.h ~onlict :h;dl not .dTuct
<br />other nnrvi~iuns ,+t th„ Mortgage or the tints which c:m be ~+en etTret +vithonl the _nnli. nnc pro+isiun ;end to this
<br />end the prov;siom of the Mortgage and the Ante are dcchu'ed :u n .evrrahle-
<br />[6. Bomswer's C'opv. Borrower ,hall be furnished a <on mrmcd a+pv of !ht V,nc .utti •t ;h.n \1onc,iec _n !hc nine
<br />of esccutinn or alter recnrdatinn hereof.
<br />17. Transfer of the Property; Assumption. I( sll ar am ~,,.,rt .,t :he Propene .,r .m ~nterr>t •hct ern is ,old .•r tramfet red
<br />by Borrower cart hoot Lender's prior written consent. cxcludmg ;.n the .r;:uon ,q .: ,icn a: tna~.nnhnutae vdamdm:ue t.,
<br />this Mortgage. [hi the a~eauon of a pu rchasc nnnuv ,rear rat ~ntc tst !„r hnu,chuid Itppl r.inc•s. ~.. ., ;rut.tcr he devise.
<br />descent or by operauon of tau upon the death ,•t ., ..not ~cnum .~
<br />1 ender m.n .n Lender', ,,para. Je; lore -dl the sum, set nerd ha •hn Vnneage Io he
<br />immeal ruely due .tad payahlr. I ender shall hu+t ~.+,u+td .n.h ,qv r,*n to a.. rln ate -f ;•rr;; ;,, ;he -.,,a „r •ranarr tender
<br />:uul the person lu whom the Pn+pen~ is to hr ,oIJ .rt ;r:unrr; red :cash ,gn•cnn•ni ; ui~un}; 'het :ht ,;e,ln rt vnh Pr reuu
<br />is s;rttcfaeton to I under .utd the; the unercci p•ta.ihh~ an :6c um• ,a . icd ha ~hi. Ai„u c.tpr n.ill +a -u -n. i! •:ue ;s t ender
<br />shall rcyucst If 1 coder has w:uved she ~pn,,n s. s~c!er arc ~ ,~.!c,t ;• rte:. ,+,i„c~a;+h ! sn,i !#. ,r••w c; - ,u.; es.nr „r
<br />interest hu+uxecuteJ a cannon :usumpuon agreement .aerptcd ~,!..,.,.r,;; ba ! rnt~ei I ;n.lc+ -.naVl a.e.,sc Rog: ,,+. er prom dl
<br />ubligatams under This Mon gage and rhr Vote
<br />If 1 ender exercix-s such upuort is :recelcrate. I cndei .m,ll ntud Hon m+ra -t,at.v ,, .~elot :a ton ~, ,.., vdanct- +uth
<br />pnrngrnph Li hrreul Such naucc .hall pinndc ., nenod .u ur; :c , :h,,u trl la+~ ';..ut ~he ~ien_ =b< n„u.., ~, o,ulcd .u rfun
<br />which Butrnwn eta} ul, ~:., . _ ., -t, ~.,~ . ..~,,,: ~ ~. • ,;.~, .i...., ~:.,~..r. ,,,~~ ,,.i.
<br />' yes ;hc gums do Lo Sri -lot It Rruo. a -, _
<br />Iendc~ nt.rx, u;thoul tort her nniic.c ,ir Jemand ,~,; tit,; ra,wcf ,~., ~1., .;rat a~ma~d,+~ rv,rn+,~1~,' , ,;; .,. ~.+[''~ •~•.•-~,~-
<br />NnwL~u oaxi ll,v-~>~:• Bon„wee .;nu 4 c!nkv 'oohs, ., ., ~.a;n .:ud n~ia:.n .rilow.
<br />Ig. :~ccvleration; Krmrdirs. b.xcrpl u+ pnrrided in parakrapb I' hrrrtrl, upon &rtnrnrr", brcxrh .d :nty uts rnaxl or
<br />atlrrernrnt of Borrower in thGS ~HtrlKaKr, itrcluditrK rhr sus enanls to pay when der any ,ems ~rcurrd bs this \torlgake,
<br />Lender prior to acceleration shall mall notice to Burrower as pro+ided in paraKruph 1d hrreul ,yr•cd\nt>;: ell rhr hrrxc h;
<br />#2j tkn action rerluirrd to cure such breach; 13) a dale, ram Ire than ]U days Prow thv dau• rhr uwiu• i. mailed tx Borrower.
<br />by which wch breach cowl br cured; and t~l that failure w core wch breach on xr hrtum rhr duce .prutird in Utr uotivc
<br />may result in accekratimt of the scans secured by Ihis ~1orlgugr, foreclosure by judicial pats erdinr:.urd sale of rhr I'ntprrn,
<br />"Chr nulkr shall furlMr infuno Borrower of rhr right to rrirotmr xfter ucceleralion and rhr rigid to assert in rhr forrclnsun•
<br />ptnweedinq rhr non•exislrncr of a default or any other Acfense of Borrower to accrMrxtiuu .uui lotrJowrr. If rhr brrxch
<br />is nut cured un ur Arktrr the date specified in [Y{e twtice, Lender at Lender's olnixu ntx~ devlxrr n11 0l the +uot..rcuted M
<br />This Dlurlgagr Ix he inuncdialrly der cold payable without f"urlher demand :ntd may forrrlo.r bt iudt.'tat ltroerrding. Leudrt
<br />shall tk entitMd err collect in stceh proreedirtg all expenses nF forerbsnrr, including, but uo1 limited Ri, .u.t...l doeutttrntara
<br />widen. r, absfracis amt Iftlr reports.
<br />19. Burrowers Right lu Reinstate. `;on+~uhstaoehng i code; . .Jrrau.,n .,, ~na .tint. -a-~~n•ti ~ , , iL~
<br />Buuuwu ,i+ail have the ril;ht i.. hay- is -tin di ty.+'-+a~~•.n, h. 1 ~ndn- :n r,•.. -,.~ x1.= -. _. n - ~d - .- - _u_
<br />
|