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80- Q05042
<br />Lender's written agreement or applicable law. Barrower shall pay the amount of all mortgage insurance yremiums in the
<br />mavver provided under paragraph Z hereof.
<br />Any amounts disbursed by Lender punuan[ to this laragraph 7, with interest thereon, shall become additiansl
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms cf payment, such
<br />amounts shall be payable upon notice from Lender to Barrower requesting payment thereof. and shalt bear interesk from the
<br />date of disbursement at the rate payable from tfmo to time nn outstanding principal under the hole unfess payment of
<br />iPeleieSY at such rate would be contrary to applicable law. in which event such amounts shall hear interest at the highest rate
<br />permisaibte under applicable law. Nothing contained in this paragraph 7 shalt require i_ender to incur any expense or take
<br />avy action hereunder.
<br />S. IMpecfbn. Lender may make ar cause m be made reasonable entries upon and inspections of the Property, provided
<br />that Lender shah give Borrower notice prier to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />9. Coodemoatlen, The proceeds of an}• award or ciaini for damages, direct or consequential, in c~rtnertian with any
<br />candemnaNan or other taking of the Property. or part thereof, or far ccmvevance in lieu of condemnation, are hereby assigned
<br />and shall be paid to Lender.
<br />Tn the event of a fatal taking of the Property, [he proceeds shall hR applied to the sums ;scored by this Mortgage.
<br />with the ezi~ss, if am'. paid fo Barrower. In the event of a partial [eking of the Property. unless Borrower and Lender
<br />otherwise agree in writing, there shall lte applied to the sums secured h7 this Mortgage uwh proportion of the proceeds
<br />as h equal to that proportion which the amount of tFe sums secured by this Mortgage immediately prier to tfie date oI
<br />[eking bears to the fair market noble of the Property immediately prier to the date of taking, wirfi the halanre of the proceeds
<br />paid to Borrower.
<br />Tf the Pmperh• is abandoned by Borrower, or iF. after notice by Lender to Borrower that the condemnor offers to make
<br />an award ar settle a claim for damages, Barrower fails to rapand to Lender within ;0 days after the date such notice is
<br />mailed, Lender is authorized to collect and apply the proceeds, ai i.endeis option, either m restoration or repair of tl~
<br />Property or to the sums seeared by this Mortgage.
<br />Unless Lentkr and Barrower otherwise agree in reciting, any such application of proceeds to principal shall not extend
<br />or postpone the due date of the monthly installments referred to in paragraphs 1 artd 2 hereof or change the amount of
<br />such installmems.
<br />X0. llotrower Not Released. Extension of the time for payment ar modification of amortization of the sums secured
<br />by this Mortgage granted by Lender to any successor in interest of Borrower shall rot operate to release, in am manner,
<br />the liability of the original Barrower and Borrower's successors m interest. Leader shalt oat tte required to cotrimevice
<br />prtxcedings against such successor ar refuse to extend time for payment ar otherwise modify amortization of the same
<br />secured h} this Mortgage !>•• mason of env demand made try the original Barrower and Borrower's sncressors in interest.
<br />11. F • i~g~Wairer. An. forbearance by Lender in exercisinG am• right or remedy hereunder, or
<br />oihetsvisc a #rt~'~Kra r. a he a waiver of or preclude the exercise of any such right or remedy.
<br />'fire procu ~ iyrttent~af taxes or other liens or charges by Lender shat! nM he a waiver of tender's
<br />right io aece ~'~• itidelrtrdness .ecured by Chic mortgage.
<br />13. Rtreiks CaNi/ita. ~re~me'ties provtded :n this lv9ortgage are distinct and cumulative to any tither right or
<br />remedy under this Martgagc or aKorded by law t,r equin•. and roan he exercised rnncurrently. independently or successively.
<br />I3: Soeressars atri Aulgos Soattd: Ioiat and Serest t_iability; Captions. The covenants and agreements herein
<br />ctvntaitted shall bind, and the rights hereunder shall more ro, the respective successors and assigns of i_ender and Borrower,
<br />subject to the provisions of paragraph 17 hereof. Oil covenams and aereements of Borrower shall he mint and several.
<br />The captions and headings of the paragraph4 of this Mortga3e are fw convenience Holy and are not to he used to
<br />interpret ar de5ne the provisions hereo€.
<br />11. Notice. Except for am• notice required under applicable law to be given in another manner, (a) am notice to
<br />Borrower provided for in this A•fartgage shall he given by mailing such notice by rrtified mail addressed to Borrower a[
<br />the Property Address or at such other address as Barrower may destgnate h}• notice to Lender as provided herein, and
<br />fb? any reotice to L~reder shalt be girrn h}. certified mail, return receipt requested. to tender's address stated herein or to
<br />such other address as Lender may designate by notice to Barrower as provided herein. Any notice provided for in this
<br />Martgagc shall be deemed to have Stern given to Barrower ar Lender when given in the manner designated herein.
<br />15. Utrfetw Mortgme; GorereiaR Law; SererabilNy. This form of mortgage camhines uniform cm•enants for national
<br />use and non-uniform covenants with limited variations by jurisdiction to ronstintte a uniform security insuumen[ covering
<br />teal grttpertp. This Mortgage shall be governed by the !aw of the jurisdiction in which the Property is located. In the
<br />event that any provision of clause of this Mortgage or the Note eanRicis with applicable law. such conflict shall oat affect
<br />other previsions of this Mortgage or the Note which can be given effect without the mnfticting provision. and ie this
<br />end zhe provisions of the Mortgage and the Note are declared to be sewerable.
<br />lf. 1larenw~'3 Co;ty. I~rtawer sha1S F>i furnished a en::ortrxd ropy a, tl;e Note and :. „:~-. 'rSarigaKe at the ;imz
<br />of txerittion ~ after tccarzlation trereof.
<br />1?- Transfer of fie Irropetty; ,~ssuatptioe. I( ail ar any part of the Property er an imeresi tfsrtcin is said or transferred
<br />try Borrower without Lenders prior wriuen consent, axcltiding ia) file crettian of a lien ar encumlarance suhonimate to
<br />this Mavitage, (b3 the ercation of a purchace mcmey securiry interest far household appliances. [el a transfer by devise.
<br />descent or by operation of law open the death of a jaent tenant ar fdf the grant of any ieaschold interest of three }cars or less
<br />not wntaiving an option to purchase, Lender may, at Lender'. option. declare alt the sums secured by this Mortgage to be
<br />imrttediafdy due and payable. Lender shall have nerved such option to accelerate if, prior to the tale nr transfer. lender
<br />and the person to whom the Prapeti}• is to be sold ar transferred reach agreemc nt in writing that the credit of such person
<br />i;-saticfu(ory to Lender and that the inierrst , enable on the sums secured by this Mortgage shall he at sa:ch rate as Lrnder
<br />shall request. If Letxler has waived the .~p[ian to accelerate pravidecf in this paragraph I?, and if Borrower's successor in
<br />in(;resf has extratttT a written a~umpuan agtzrx-nert accepted in writing by i_ender, Lender shah release Barraver from ail
<br />okTigttGans under this Mortgage and the Nato
<br />If Lender exercises such option is accelerate, Lender shall mail Borrower notice of acceleration tat accordance with
<br />patapapb l4 hertspf, Such notice ;hall provide a period of oat Fess than 34 days from the date the native is mailed within
<br />which Borraw•u mat Pat the sums declatui due. if Barrower farts to pa}' such sums prior to the ezpiratien of such pert ~d,
<br />Lctitder mat. without fitrttrer notice or demand an Borrower, invoke env remedies permitted by paragraph ? 8 hereof.
<br />Nort-Utvfi=oaxq CArENAN7S. Barrower and L-ender further cavrnam and agrre as follows:
<br />It Accairafilo# Rataadfer: Fxetpt ai pruv'ided io paragraph 17 hereof, upon Borrower's breach of any coveaaol or
<br />r e( ~orrorter ire rat's Marlta{e, iorladotg the roreaaats to pay when dtre any sums secured by this MorttaRe,
<br />IASi1f )Iris[-4 aRCelprry~s airr usrl antler: to inrrewer as provided in paragraph ld hereof specifyiwg: f Il ibe breach;
<br />lrr~t4 aefhtt[:vr~tiri_1s core rorh httearhi (3) a date, nW less thou Sd d:ys from the date [ht aolke is neailyd Io Ba~rowrr,
<br />ley wi{cira~ei ttreh aMOal 6c elated; std (ai (Mutt faYore to cure svr6 breach on ~r before tits date specltied in the notice
<br />t~-ti~1M iti-acv"~IeralMs. of t4 tees sscured.lry This Afortgage, foreclmetn by judicial prorrediae nod sale of the Property.
<br />T1r;ttNiat ttW itttfYer ia[orm #orrawer d the right to reia-ute after aereferati:n and the ri(<W to asseA in the forrclwure
<br />the oaisfirMgrtca.of a defaa7N or soy othu tkfetrte of Borrower fo acceleration and foreelaseere. If the breach
<br />k ttpf co~sd as ar }dote ms dale #}edRad io the ooStt: Leader at Lender's opfioo may declare all of the luau secured by
<br />~3M1trl~IBt.M he ~ttwpiiatttiy der and payable wiithatt[ frrlhu demsad sad may foreclose by judiciaF prorredialt. t.eader
<br />aMtM M ssliYei M eaiiacl to-arck }rrrcealMaR aM eapeaaes of foraclowrr, inclydhg, but nut limited ro, costs of dorumratary
<br />erMr•R. aYtleaeK aH tlHe reports.
<br />H. 1prn~eals ~ M IMaioslate. rtlatwi[hsteading Lender's accelcrauan at the sums secured by this \lortgagc.
<br />Borrower shah have the tlgllt ku have any proCeediags begun Ny L.rndrr [a enforce tfus Martgagc disroattnucd at any note
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