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g'~°i1 ~ ~ 3 31
<br />Lender's written agreement or applicable law. Hortower shall pay the amount of all mortgage insurance premiums in the
<br />manner provided under paragraph Z hereof.
<br />Any amaunu disbursed by Lender pursuant to this paragraph ?, with interest thereon, shall become additional
<br />indebtedness of Borrower secured by this Mortgages Unless Bortower and Leader agree to other terms of payment, such
<br />amounts shall be payable upon notice from Lender to Borrower requesting payment thereof, anti shall bear interest from the
<br />date of d[sbursement at the rate payable from time to time on outstanding principal under the Note 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 law. Nothing contained in this paragraph ?shag requite Lender to incur any expense or take
<br />any action hereunder.
<br />g. inspection. Lender may make or cause to be made reasonable entries upon and inspections of the Property. provided
<br />that Lender shall give Bortower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />9, Condemnation. The proceeds of any award or claim for damages, direct or consequentiah 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 Lender.
<br />In the event of a ;oral taking of [he 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 Hortower and Lender
<br />otherwise agree in writing, there shall 6e applied 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 m the date of taking, with the Balance of the proceeds
<br />paid to Borrower.
<br />Ii the Property is abandoned By Borrower. or if, after notice by Lender to Borrower that the coneiemttor o}[era to tnakt
<br />an award cr settle a ciairn for damages, Bortower fails to respondto Lender within 30 days afrer the deu such notice is
<br />mailed, Lander is authorized to collect and appal the proceeds, at Lender's option, tither to restoration or repair of the
<br />Propem or to the sums secured By this Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend
<br />or postpone the due data of the monthly installments referred to ir. paragraphs i and 3 hereof or change the amount of
<br />such installments.
<br />10. Borrower Yoe Released. Extension of the time for payment or modification of amortization of the sums secured
<br />6y thts Mortgage granted by Lender to any successor in interest of Borrower shall not operate to rcleyse, in any manner,
<br />the liability of the origmai Borrower and Borrower's successors in interest. Lender shall not be rcquired'~ to rnmmmce
<br />proceedings agairst such successor or refuse to extend time for payment or otherwise modify amortization of the soma
<br />secured be this Mortgage by reason of any demand made by the original Borrower and Hurtoweis successors in interest.
<br />tl. Forbearance by Lender Not a Waiver..4nv forbearance by Lender in exercising any right or remedy hereunder, ur
<br />otherwise afforded by applicable law. shall not be u waiver of or preclude the exercise of anv such right or remedy.
<br />The procurement of insurance or the payment of taxes or other liens or charges by Lrnder shall not be a waiver of Lender's
<br />right to accelerate [he.maturity, of the indnoredness cecurcd by this Mortgage.
<br />Y2. RentetMts C6osr4Nve. All remedies provided in this Mortgage arc distinct and armulative to any other right or
<br />remedy undtr this°~tartg•`sge or afforded by law or tyuity, and may Be exercised cuncurttntly, independently or suttessively.
<br />13. Saaeeesoss and .4sal~ts Boned: Joint attd Several Liability, Captions Tht .:ovenants and agreements herein
<br />contained shall bind. and the rights hereunder shall inure ro, the respective successors and assigns of Lender and Borrower,
<br />subject to the provisions of paragraph I' hereof. All covenants and agreements of Bortower shall be joint and several.
<br />The .options and headings of the paragraphs of this Mortgage 'arc fur .onvtmence ~+niy and are not to be used to
<br />inttrpro[ ar Jet3nr, the orov stone hereof.
<br />1J. Nsrtke. @xceltt far anv Hotter rcynired under applicable taw ro br, ,:even ~n another manner, tai any notice ro
<br />Bunuwer prpv+dtd tut ,n !his Mortgage shall '+e riven by marina ses:;h nonce by _, ^:fled ma:l addrcssrd t-^ Bortower ac
<br />the Property :4ddrtss or at such other address as 8arower may dnx+gnatn 6y notice to t,tnder as provided herein. and
<br />fhi ~ v ^atiet to Ltndtr shall hn gsvtn ? .trtiiied ma+i, rttur~ rtct!pr rtqutsted. to s t,^,dtt`s asistress stated herein or tc
<br />suchtothr. address as Lender may dtsignaro by notice m Borrawtr as pmndeJ he:e+n. Any notice provrded for in this
<br />Mortgage shall be deemed to have been green m Borrawtr or 1_rnder when given in tBe manner designated Bnrein.
<br />15. Uniform Sinrttirpe: Governing Law; SeverabBity. Tyris form ui mortgage .:ombinea umtotm covenants ter nanonal
<br />use and numundorm covenants --.vi[h limited vananons by jursdiction to consun+rc a uniform srcurty ins[rumem toverng
<br />real property. this Morgage shall be governed by the law of the ~, urisJictioa m which the Property is kxated- In the
<br />tutor that any provtmon or douse of thrs Mortgage or the Vote oonflictt '.vith applicable law. such conflict ;Hall not affect
<br />other provisions of the ltortgage or the Note which can be given edna without the tondicting provtsinn. and to this
<br />end the provision of rho ?furtgage anJ the \uta oar declared to ht severable.
<br />16. Borrower's Copv. Harrower shall 6e furnished a conhtrtned Copy of rhn Yote anu of rh+s Llortgage at the tint
<br />oY cuarsm or otter r.cdrda[ion hereof.
<br />17. Tdmfer of the Properly; Assumption. ft all or any par tit the Property or an mrercu therein is ;old or ransferreJ
<br />by Borrower w+thout tsnier'; prrdr written :onsenr. exeludimg .al rhn crcaeion of a lien or rncumhrance suba,nhnare to
<br />th+s Slortgage. !ht the „reaucn of a purchase money sacunty +nrnres[ for housrhuid appliam_rs. :c+ a tranafar by dtv+ar.
<br />descent or by operanon of taw upon the Jearh .+f a jumi eenant or '. d+ the grant of any Icaseholl +nrorast at three years or Itxx
<br />nos comninmg an „prion to purchase. Lender may. at Lender'. opuen. Jtdare ail the sumx securod Lr tfi;s )lortgagn m he
<br />+rnmtd+ately dues and payable. Lender shall have 'wa+vad urcn opton rte accalnrate :f. poor to tht ,.ale ur tramsier !,ender
<br />and the. ptrwn to whr:m the Prepares ,s to ht +u{d ur transfrrreJ tench agreement +n .t r+t+ng chat rhn ;rtdit =+t cuah i+rnt=n
<br />is saastactorv to Lander .and that tBe uutrext payable on rhn uunx sacurrd ~r this Mortgage .hall be at such rate is Lender
<br />shalt request. if l.nndrr has wa+vrui the ~+puum [o accaerate prtnrded ;n ehts puragea pl !" and :f Borcnwtr's sutctsxt+r :n
<br />interest has exeeutrJ a -+wmm~n axsumpuon .sgretmrnt xetptad im wru+ng by C.nnder. LunJar shalt rtinust Borrawtr from ~I!
<br />o6ligat+dns undar this Mortgage and the N,uc.
<br />i5 Lurtdtr eiFr-.tom ~ -.n [a{+t{net tt) 3a:Calet~itt, i2n.Lrr ,Bali mail ~r3rr+YWe{ .;tYitit .3t sa:.tlaYa ti.~n :fl tt.~r,..:tl. 'n' wife
<br />para~rapti '~: `ttrruf ~:ttn lutt:e shall p{UridC d r'arlu,t v,r' tl.lt Its;S 31tdn if'! .1:1 ~-v `r•+1it -11C J~#1K Ihs:' glEf4K is YiyliKil - .-..._.
<br />which Burrower .-nay ;tae roes +ums JeciartJ dot. t! Borrower `a ~,IC •o at sut.h -.::mx , r+~~r t.r 'ha ;°t)>trau,•n --f +u -. ;,rd
<br />Lrnder may. wuhouf :other nouct or demand ,m &;rrnwnr .ni-t,kn ant remed+ex ptrmated a•• 2ar.igraph ' 9 4r=r. t
<br />tior+•UntFea at Cavevnvfis. Harrower end Lnndtr furthest .:nvtn.utt and -igrtt as f~tllows
<br />18. AetrleratMrir Remedintc Except w provided in patnQrnph 17 hernif, upon Borrowei r breach nP an_r cnvanmst or
<br />agcetmnm of Bortmver in this L9orrgatJV, iaa:luding rhn cm teams to pay when due any sums xacurrd by thw '1lnrtyuite.
<br />[.radar pour ro ancekrnthse slWl mail wtkr m iMxruwer a. prvsvidnd in paragraph Id harra5 +pe.:ifymit: r 1) the hrrach;
<br />131 the action required to cure such breach: r31 ~ data. nut tesx than )U dots from the dash the msttcn is mailed m &srrowrr.
<br />6y which sorb breach must bt cured; and H) that failure to aura xuch breach on w baRxn the dart .pncifird in rhn Warier
<br />may result In acctleratiun ut rhn +atns secured py thix ~tonYnae, furrvhasore by judicial procendnnE and sale of the Ynrperry.
<br />The aosice shat! fnrhrt iatoras Borrower of the right to nirtstnte after arcefarafion and rhn right to axxrri in the Fnrrciaxrur
<br />proceeding rhn nun•et ixtenee of a default or anv other dntense of Burrower to ucrriemtfun and 1'orrcluxure. If the breucPr
<br />is nm cured oa or borate rhn dash specified in the natter, Lander at Lender's ,aptiun mar dnclarr :dl of [hr sunu +reurrri by
<br />this iinrauar rn ter immndiarniy dun and pn~abk without sunhnr demand anti may rureclo.r h. judicial pn>cerdinQ. Lrnder
<br />shall fie entitled err enterer in such prorved'tng alt exprnsnx of iartcloxurr, inciud"ink. but nor limited to, taxis of drxuarentnry
<br />nridrucr, abstracts and t:tln rePa.rts.
<br />19. Borrower's Right to Rriustate. \gtwitha!atr.iu+e Lrnder'. accs•!._rauon of .urn. ,ureJ ` !his ti,trr~age•.
<br />Borrawtr ,hall have rhn right to hacc anv proeetdmgs begun ht Lander ~.• torte e 'hen llor +y .iistorunreJ ac em braes
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