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8a--~~et~~
<br />Courier's written agreement or applicable )aw. Borrower shall pay the amount of all mortgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant ro this paragraph 7, with interest thereon. shall become additional
<br />indebtedness 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 Lender to Borrower requesting payment thereof. and shall bear interest from the
<br />date of disbnnemmt at the rate payable from time to time on outstanding principal under the Vote unless payment of
<br />interest at such rate would be contrary to applicable law, in which event such amounts shall bear interest at the highest rate
<br />permissible under applicable taw. Nothing contained in this paragraph i shall require Lender to incur any expense or take
<br />any action hereunder.
<br />B. Impectfon. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that Leader shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related io Lender's
<br />interat in the Property.
<br />9. Condemwatfon. The proceeds of any award or claim for damages. direct or consequential. in connection with any
<br />condemnation or other taking of the Property. or Dart thereof, or for conveyance in lieu of condemnation, are hereby assigned
<br />and shall be paid to' Lender.
<br />In 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. it any, paid to Borrower. fn the went of a partial taking of the Property, unless Borrower and Lender
<br />otherwise agree in writin¢, there shall be applied ro the sums secured by this Mortgage such proportion of the proceeds
<br />as is equal to that proportion which fie amount of the sums secured by this Mortgage immediately prior to the date of
<br />taking bears to the fair market valet of the Property immediately prior to the date of taking, with the balanc..,f the proceeds
<br />paid to Borrower.
<br />If the Property is abandoned- by Borrower, or if, after notice by Lender to Borrower that the condemnor otTers to make
<br />an award or settle a claim for damages. Borrower fails to respond to Lender 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 />Property or to the sums secured by ibis Mortgage.
<br />Unless Lender and Borrower otherwise agree ;n writing, any such application of proceeds to principal shall not extend
<br />or postpone tht due date of the monthly installments referred to in earagraphs I and 2 hereof or change tfie amount of
<br />such installments.
<br />t0. Borrower Vol Released. Exrension of the nme for payment or modification of amortization of the sums secured
<br />bV this Mortgage granted 6y Leader to any successor :n interest of Borrower shall not operate io release. in any manner,
<br />the liability of the original Borrower and Borrower's successors in interest. Lender shall not be required to commence
<br />proceedings against such successor or rrtuse to rxzend time for payment or otherwise modify amortization of the sums
<br />secured by this Mortgage bV reason of any demand made by the original Bortower and Borrower's successors in interest.
<br />11. Forbearaeee tr7 Leader Vot a Wainer. Any [orbearance by Lender in exercisin¢ am• right or remedy hereunder, or
<br />a.~thetauSe~tj4rded by applicable law, shat! not be a waiver of or preclude the exercise of any such right or remedy.
<br />~s--"E1>,f~,jira/RtYaseg6sfy~istygan~,or the payment of taxes or other !tens or char¢es by Lender shall not be a waiver of Lender's
<br />rlj~tt to aot01pr1lCttYe-tnangity€of the indebtedness secured by this ~iottga¢e.
<br />,' xf:,d~e~eeiieaGoalaYee. .41i remedies provided n this Mortgage are distinct and vmuladve to any other right or
<br />t-'7lfitdYntidertMs,!v[ott~ge or afforded by law -r ecum•, and may be exercised concvrrenth•, independently or successively.
<br />13. Sarceason and :>,ssiges Bound; Joint artd Sever~i Z.iabilfty; Captions. The ::ovenants and acreements herein
<br />contained shall bind, and ihr rights hereunder shalt more to, the respective successors and assigns of Lender and Borrower,
<br />subject to zhe provisions of paragraph I', hereof. Alf rovenants and agreements of Borrower shall be ioint and several.
<br />The captions attd headings of. the paragraphs of *.his Mortgage are for convenience only and are not io be uxd to
<br />interpret or define ihr grovisions hereof.
<br />10. Vallee. Exttpt for any notice required under applicable law to be given in another manner. la) any potter to
<br />Borrower provided for in ibis Mortgage shall be given by matting such notice by certified mail addressed is Borrower at
<br />the Prepem Address ar at such other address as Borrower may destgnat_ by notice to Lender as provided herein, and
<br />tb) any notice to Lender shalt be given by ttrtiEtd mail, return receipt requested. to Lender's address stated herein or to
<br />such other address as Leader may designate by uotict zo Borrower as provided herein. Any notice provided for in this
<br />'Mortgage -shall be deemed lO have born given to Borrower or Lender when ,teen in the manner designated herein.
<br />I5. Undone Monta`e; Gor-ernia` Law: 5rverabilih•. llzts corm of mortgage combines uniform covenants for t+.ational
<br />use and trop-uniform ,:ovenants •.vith limited variations by +urisdiaion to constitute a uniform securin• mstrumen[ covering
<br />red property. 'This Mortgage shall be governed by the law of the ;urisdiction in which tht Property :s located. In the
<br />event than any provision of clause of this ~tortgagt or the ~iae condicn ;with apoGeable taw, such contlict shall not atTeci
<br />other arovisitxrs of this Mortgage or the Vote which car. be ~;tven effect without eye conflicting provision. and to this
<br />end the provisions of the Mortgage and the tote are declared io be severable.
<br />16. Borrower's Copy. Borrower sh~il be furnished a conformed .apv pf the vcre and of this Mortgage at the rme
<br />of execution or after recordation hereof.
<br />17. Transfer of the Property: Assumption. If aIi or any part cf the Property or an interest therein is sold of iransfrrred
<br />by Borrower without Lender's prior written consertt. exciudirtg tss the creation of a lien or encumbrance subordinate to
<br />this Mortgage. Cb) lire crtatron of a purc?tase money security interest for household appliances, lc) a transfer by devise.
<br />descent or by operation of law upon the death of a giant *.enaat ar ~.d1 ihr grant of any leasehold interest of three years or tens
<br />trot containing as option is purehast, Lender may, at Lmdti s apuon, dtctare ail the sums secured by this tifortgage to b±
<br />imtntxiiately due and payable. Linder shall have waived such opton to accelerate if. Toot to the sale or transfer. Lender
<br />and the person io whom the Property is to be sold or transferred reach agreement in wrtttng that the credit of such person
<br />is sa[isiacinrv io Leadtt anti that tht iater+at payable un the sums secured by ,his 'victtgage shall be az such rate as Linder
<br />shalt rtxiuest. If Letuier has waived tier option io accxlerate provided in this paragraph ?'. and tf Borrower i successor in
<br />interest has executtd a •xritten assutnpztoa agreement accepted In wrinng~by Lender. 1_ensier shall re{ease Borrower from all
<br />obligations :tinder this Margage and the tiote.
<br />If Lender exercises such ptxion to accelerate, Under s::alt mail 8orrrnver rorce of acceieraciorz in ac::ordancc with
<br />paragraph 13 hereof. Suer puttee s'aall provide a ponied of rot less than ?0 days from :he date the notice is mailed rt-ith~n
<br />which Borrawtr may pay the sums declared dua. If Borrower earls .o pay such sums prior to tie exairanon of such pzrod.
<br />Ltndtr may, without further ncu.-t or demand on Bc:tower.:nveke act; remedies permuted by paragraph '. t' harer~i.
<br />!vox-C:xii:oa~r Covr:xrxTS. Bat:uwtr and Lender ',urtiter covenant and agree as •ol.ows:
<br />1& Aceeicratioa; Remedies. Fscrept as providtd In paragraph I7 hereof, upon Borrowers breach of app cusrnant or
<br />~teenem of Horttrwer it able }fortQage, inciading tare eutenants ru par when dun env sums srcured by this ~Iorigage.
<br />Lender prior to aceekralioo shall mail nonce ro Borrower :u provided in paragraph t4 hereof specifying: tl) the breach;
<br />f2)-the action required In cure such breach: tat a date. nut less titan 3t) drys from ihr darn ihr nutter. is railed to Aorrowrr,
<br />6y whiC6 such breach must 6e cured; and iJ} that failure io cure such breach +>u or lsrfore ihr dart specified in ihr notice
<br />mgy result ie acetitratiort of the sums sreurtd try trite ~turtgage, €ureclusurr by jardiciui proceeding gad parr of ihr Pruprrry.
<br />Tice notice shall further inform Borrower of ihr right io reinstate after acceleration and the rif;Irt to aasrrt in the furecfosure
<br />proccediag ihr non-rxi4trnce of a dtfauit or any uthtr dtfrrtse of Burrower to accrleratica and forrclu.ure. If the hrruch
<br />is t>.ot ryrtd ua or befurt the dart specified is ihr notice, Leudrr at Lender's uptiuu may drelarr alt of the sums secured br
<br />this ilortQage to bt immediately due and payablx without Further drmand and Wray zr,rnctu,e ley judicial proceeding. Linder
<br />shag irk rntiikd tt~ coilrct in such procertling alt rxprnsra of fureclusrrrr. itt.iudhrg, but out lirnitrd to. mein .rf ducuturntan
<br />eyldeacr, absaracts and nrJt rrps~rts.
<br />l4. Bonasyer's Right to Nrtnstaie. A<+t+.~;tbs.-~r~..y ,eudr~: u ,~- ..~.vn ,- arc ,umn ~~_. ~;l + :per ~Iwta-
<br />t~•,~rrow-ar yitadl bait: the right +..~ rta;e ant• ^ztrcxd;z 4: ,vt~ .~_. t~r._.. •n , it., ~ _ r.-_.:n~;.ir ~...., ., .. .s
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