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<br />84- ~G5139
<br />Lender's written agreement or applicable taw, 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 this paragraph 7, with interest thereon, shalt become additional
<br />indebtedrtets of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms o€ payment, such
<br />amounts chali be payable upon notitt from Lander to Borrower requesting payment thereof, and shall bear interest from the
<br />dale of disburseraerrt at the rate payable from time to tytne on outstanding principal under the Note unless payment of
<br />interest at each rate would be contrary to appiicab)c law, in which event such amounts shall bear interest at the highest rate
<br />permissible-under appliabk law. Nothing container! in this paragraph 7 shat require Lender to incur any experrse or take
<br />any action hereunder.
<br />>L Lrpepw. Lender may make or cause to be made reasonable entries upon and inspeMions of the Property, provided
<br />that I.er[der shah give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />inrcreat in the Property.
<br />9. C,prietatwtlaw. The proceeds of any award or claim for damages, direct or consequential, in connection with any
<br />uondemtration or other taking of the Prt[ptriy, or part thereof. or for conveyance in lieu of condemnation, are hereby assigned
<br />and shelf be paid :o Ler:der.
<br />In the etxnt of a total taking of the Property, the proceeds shad be applied to the sums secured by this Mortgage.
<br />with the exttsa; if any, paid to Borrower. In the event of a partial taking of the Property, unless Borrower 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 />tatitrg bears to the fair market value of the Property immediately pricer to the date of taking, with the balance of the proceeds
<br />paid to BaKrorter.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the ccndemnor often to make
<br />an award or Bettie a claim for damages, Borrower fails to respond to Lender within 30 days after the date such notice is
<br />mailed; Lender is authorised to coFlect and apply the proceeds. at Lender's op. on, either to restoration or repair of the
<br />Property or to the sums secured by this Mortgage.
<br />Unless Linder and Borrower otherwise agree in writing, any such application of proceeds to principal shall no! extend
<br />or postpone the drat daft of the monthly installments referred in in paragraphs) and 2 hereof or change the amaant of
<br />such instalitnents.
<br />1!. >teeso+nr Not Reiaset. F~tension of rise tiv>r for payment err modfficatien of amortization of the cams secured
<br />by thi: Mortgage granted by Lerrder to any successor in interest of Borrower shall net operate to release. in any manner,
<br />the liability of the original Borrower and Borrower's successors in interest Lender sh:+ll not be required to commence
<br />proead'mgs against such successor or refuse to extend time for payment or otherwise modify amortization of the sums
<br />secured by this Mortgage by reason of any dtmand made by the original Borrower and Borrower's successors in interest.
<br />11. Faeharrrree by Leader Nat a taYafver. Any forbearance by Lender in exercising any right or remedy hereunder. or
<br />otherwise afforded by applitxbk taw. shall not he a waiver of err preclude the exercise of any such right or remedy.
<br />The procurement of imuraece or the pavment of taxes or other hens or charges by Lender shall not be a waiver of Lender's
<br />r~ m aiaceknte the maturity of lire indebtedness secured by this Mortgage.
<br />1Z Raoarafes CsrtraisUt:. AB remedies provided ir. this ?Mortgage are distinct and cumulative to any other right or
<br />remedy udder this Mortgage or afforded by law or equity, and may ix excreised concurrently, independently err successively.
<br />13. Sree'a~art and Anus iprpd; )pit ail Several [,ibiky; Cartiws. The covenants and agreements herein
<br />contained ahaB bind, and the rights hereunder shall inure to, the respective successors and assigns of Lender and Borrower,
<br />subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be joint and several.
<br />The caPtiom and headings of the paragraphs of this Mortgage are for convenience only and arc not to be used to
<br />iatetptet a dc5ae the provisions hereof.
<br />tt, Nptfee. P.xtxpt for soy pofiCt required under applicable law to be given in another manner, {a) any notice to
<br />Borrower provided for in this Mortgage shall be given by mailing such notice by certified mail addressed to BMrower at
<br />the Property Address or az such other address as Borrower may designate by notice to Lender as provided herein, and
<br />(b} nay notitt to larder shalt be given by certified mail, return receipt requested. co Lender's address stated herein or to
<br />such other addre~ as Lender m:y designate by notice to Borrower as provided herein. Arty notice provided fm in this
<br />Mortgage sha)I be deemed to have been givers to Borrower or Leteder when given fn the manner designated herein.
<br />11. Utdfara• r Goreraig Law: Severahiky. This form of mortgage: combines uniform cxn~enanls far nations)
<br />use atad »oo-unifimr. cavrnants with limited variations by jurisdiction m constitute a uniform security instrument covering
<br />teal pt+operty. This Mortgage shalt be governed by the law of the jurisdiction in which the Property is !neared. In the
<br />evestt that any proviaipn or clause of this Mortgage or the Note conflicts with applicable taw, such conflict shall not affect
<br />other provisions of this Mortgage or the Notc which can be given etTect without the wnflicting provision, and to this
<br />cod Zile Provision of [he Mortgage and the Note arc declared to be sevenbfe.
<br />li. )tras~wrds Crry. Boetoreer shall be furnislxd a confortrttxi cope of the Nate and of this Mortgage at the time
<br />of ercecutian or after tecordnion hereof.
<br />17. 7Yttrater of the rtpra<y; Aswa•rtioet. If alt or any pan of the Property or an interest therein is sold or transferred
<br />h!' Barowcr without Leada'a prior written consent, excluding [a) the creation of a lien or encumbrance subordinate to
<br />thin )Kort{su, (b) the creiti,ntt of a purchase money security interest for hattsehold appliances, tc) a trattifer by devise,
<br />dexcraet or by optntion of law open the dpth of a joint tenant or fdy the grant of any leaxhald interdt of three years or less
<br />ram Cpetaiaiag as option to purchase, Lender tray, at Lender's option, declare all the sums secured by this Mortgage to be
<br />imtrediatNy doe and payable. Linder shalt have waived such option to accelerate if, prior to the Bak or transfer, Lender
<br />atad the perwn to whops the Property is to be sold or transferred reach agresatxnt in writing [hat the credit of such person
<br />rs sauNaetory to Lender and that the taterest payable oa the sums secured by ihn Mortgage shall be si such rate as Letxkr
<br />shall request. If Letada has waivers rite option to a;x+elerate provided in dais paragraph 17, and if Borrower's successor in
<br />isilerspthrs ettecuted a written areanptipn agreement accepted in writing by Lender, Louder shah release Borrower from alt
<br />o6ii~gatioms ue+der [Iris Mortgage and the Note.
<br />If Lerrfa esercipes each [tptioe to axeleraze, Lender shat) mail Borrower notice of accckration in accordance with
<br />paryrapdt t4 kueoL Such aotiet shall provide a period of rat lets rhea 3A dogs from the date [Ile notice is mat7ed within
<br />which Hgtrmret map fray she sums declared due. if Borrower fails ro pay such sums prior to the expiration of such period,
<br />i.eadar [stay, widtutit further nditt ar demoted ao Borrower, inval'e any remedies permitted by paragraph t 8 hereof.
<br />NFatwtltrtlrwtas Covewsirrs. Borrower and Leader further coverer[ and agrce as follows:
<br />1!. A~taluaYasi ~tBas. ) sa rte>rliet i rrnrgrryb iT tsaeapf, tyipa fprrowePa btraacb of nay epenaat or
<br />tMa~sat N laarart!fe Y tbr.laiselgt~t, inclriitq Na epvearr[s i ray wbn lire wy spree slCarll by thi Merlgaga,
<br />t/Msr !~' fa aasVeaWr alai tray rrNiee N llast+trss as raav[lel i prtgragb i1 boreal sgacatyitlgt ti} the breach
<br />i3j iM aefifrj~ tttttriwit_ N tsar e~di brwci: l3} a left. not lens tires. J! tlttys [repo the late the aptice L relict b lprrower.
<br />ltj nhisY qdt hrneh mtril Ys rtaaii art (1l tier ftilrre b care web haeacG w a before the dale gteclfirl i tYe atoNce
<br />[rYr ttanfl its raosallwpsr pt 1M atea•tt aucrrei by Nei telratgttgs, fareciowre by jrdkial rsaeudirg ate! oak pf tbt f'rpresty
<br />1MtttN1}w aMi.tattfYfe M/~ast Mrnawat d Nee right w ntiratata altar retrdetatlrr and the eight to aarert fa Nit fpreeloorrc
<br />. rthOasNf~ Ire Mrr~tihtts~oa of r itfnlit rr cry ptrar !elate of Itprrowce +o aece4ratiaa and fprecipswuc. K Ibe brsaeb
<br />i runt afatsi w ere trifler rho ifs arraMri i Ise aatk'r. f,erlpr at Lerler'a prow airy d«Ige aC of Nee ores secured by
<br />rite 3Mas~c M M ttrtlnWwly' lets art {!q'alie t.ItYaat frrtber leru.a asd gory twecirae by juiirid rrpceediag, Leader
<br />aCti hs, a~N la meet Y #el R aY etsrRaMrr of farrc[risrtt, Iac-r/fag, bat .pt lintel to cp.tr pt locr~aatary
<br />atsfi~es, ahr~reta Est tries rq.n..
<br />H 1lriasrrattl~t ii lslrsfefa. Notwithatatiding lrndct's a;.;sl[ration of test stems secured by tt:is Martgagc.
<br />Bdrrowet abet! heva thi figTu W bare soy petscecdiplta begun by !.ender ro ..^nforcc this Mortgage discanlenued at xny time
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