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80--u05232
<br />Lender's written agreement or applicable law. Borrower shall pay the amount of al! 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, shall become at'.ditional
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment, such
<br />amotmts shall be payable upon notice from Lender to Harrower requesting payment thereof, and shall hear interest from the
<br />date of disbursement a[ the rate payable from time to time on cnnstanding principal ^nder the Note unless payment of
<br />interest at such rate would be contrary to applicable law. in which event such amounts shalt bear interest at the highest rate
<br />permiasbie under applicable law. Nothing contained in this paragraph 7 shad require Lender to incur any expense or take
<br />any aMion hereunder.
<br />8. iaspertior. Lender may make ar cause to 6e made reasonable entries upon and inspec[ians of the Praperty, provided
<br />that Lander shall give Borrower notice prior io any such inspectirn specifying reasonable cause therefor rotated to Lender's
<br />interest in-the Property.
<br />9. CaadrmarHon. The proceeds of env award ar claim far damages, direct or consequential. in connection with any
<br />condemnatiomor ether taking of the Property. or part thereof, ar for conveyance in lieu of condemnation, are hereby assigned
<br />and shall be paid fo Lender.
<br />In the event of a total taking of the Property, the proceeds :hall be applied to the sums secured by this Mortgage.
<br />with the excess, if any, paid to Harrower. In the event of a partial taking of the Property. unless Borrower and Lender
<br />otherwise agree, in writing, there shall be applied to the sums secured by this Mortgage such proportion of the proceeds
<br />as is equal to that proportian which the amaunr of the sums secured by this Martgage immediately. prior to the date of
<br />taking bears to the fair market value of the Properh~ immediately prior to the date of taking, with the balance of the proceeds
<br />paid to Borrower.
<br />ff the Propnrry• is abandoned by Borrower. ar if. after notice by Lender to Borrower that the condemnor offers to make
<br />an award or settle a claim for damages, Borrower fails to respond to i_ender within ?0 days after the date such notice is
<br />mailed, Lender is authorized to called and apply the proceeds, at Lender's option. either to restoration or repair of the
<br />Property or to the sums secured h}' this ?\#ertgage
<br />Unless Isrtdtr and Harrower otherwise agree an writing. env such application of proceeds m principal shall no[ extend
<br />or pastpone the due date of the monthig installmenn referred m in paragraphs I and ?hereof ar change the amount of
<br />such installments.
<br />1!. isor-awer TTat ftebtroed. Fxtensian of the tame far payment ar modification of amortization of the sums secured
<br />by this Martgage granted by 1._ender to any succesoa ur interest of Harrower ehall oat operate to release. in any manner,
<br />the liability of the ariginaS Barmwer and Borrower's succrssan in interest. Lender shall oat he required to commence
<br />proceedings against such successar er refuse m extend ume for payment or athetwise modify amortization of the sums
<br />secured by Chic Mortgage 1+y reasan of :mv demand made t+} the original Rarmwer and Harrawer's successors in interest.
<br />11. Faiewrwtro by f.ettier Net • Wriver. 4nr forttarance hr 1 ender in exercising any right or remedy hereunder. or
<br />otherwise aA.rded b}' applieable law, shah oat tic a waiver ,+f .~r preclude the exercise of any such right or remedy.
<br />'Ilse procurement of insurance or the payment of taxes .,r rxt,er Item ,+r charges by Isnder shall net be a waiver of Lender's
<br />right to accelerate rho maturity of She indehtedraecs srcrtrd h this i#ert¢aee.
<br />12. Rertei'iea Carittirlire. .411 remedies pre:€ded in this ti#angage arc distinct and cumulative to any ether right or
<br />remedy under rhea Martgaee ar afforded i+y lave :,r eauan•, and may be exercised rancurrenth•, independenNy ar successively.
<br />13. Srcreasets ant Asr#es Barad: Ioiat aad Seveta# #.ia68iis~ Captions. l?ae covenants and agreements herein
<br />conained shalt bind. and Cho ricbts herrtandez shall +nure ::, the respectavr successors and assigns of 1_ender and Borrower,
<br />subject to the provisions of paragraph }' eereef Ali covenant, and .+greements of Rarrower shall he }Dint and several_
<br />The captians and headings of the paragraphs .>t this Morrgage are far :envemrnce Duty and are not to he used to
<br />interpist or define the pmvrsians hcrrnf.
<br />11. Native. Except for any notice rcgrnrzv' under applicatle law to he riven in another manner. (a) any notice to
<br />Botrawnr presided for in this Mortgage shall he g€ven i,y mailing such nrrticr by cenified mail addressed to Borrower at
<br />the Property Addtrsa or a3 such xher address as Berrawer may desrgnatr by native to Lender as provided herein, and
<br />(hl any notice to I.,ettder shall t+e erven hx certified ma,l. rearm script requested. to Lender's address stated herein ar to
<br />Bitch other address as Lender ma} drsignate h7 natirc to Harraw-er as provided herein. Any ooticr provided for in ifiis
<br />Mertgaite shall tz dtrEmed to 11avr i+ceu Fiszn to Harrrrwu or lender when given in the manner designated herein.
<br />15. Udtotin iNarglattr; tGnas+erria~ Lary: Srvrr~ility. Th:a farm ai mortgage combines amiforr.. covenants for national
<br />use acrd ttatt-uniform ccavenant+ with iimneit +ar+attanc by tur:sdictian to constitute a uniform sccurit}• insrntment covering
<br />rtal property. This Mortgage shsiE l+r gc+verrscd by thr !aw of the iurisdiciton !n which the Prnpen}• a+ located. In the
<br />event that aay prevision or c-iacrse of this Mortgage ar the time conflicts with applicable law, such conflict shah not affect
<br />cMiteT provisions :~ this >:4trtgatts or ttte 'tis+te wfia;tr can br erven rffect withorat the canflicting provision. and to this
<br />end rite ptovisie+ns of rha MtrRgaite and the tiate are ~-ctard to tae sereratale.
<br />1~ iaere±raia Cqy.. Br+rro,.°er dcxtl t= ftarn€shed a coafotmed srpy of the Note and of Chic Mortgage at the time
<br />of t7tti~fthtn or after ;ei~rdarixin hereof.
<br />11• '1'eMMFar attic ~!'t Arrw~eiaa. Ff all ar xny part of the Praperty ar an interest therein is Bald ar transferred
<br />bu Btxrvrver witbovt Lender's prtar written cvasrret. excluding ta) the creatian of s 3rrn cv encumbrance subordinate to
<br />this Mott;age, fb) tfte creation of a purefta r money security antereat for household applianecs, ic) a transfer by devise,
<br />dttwcettt Bar by aperatiort of law upest the death of a joint tenant or ld> the graar of any ieasehald amerest of three years or less
<br />ruatt cantainiag an aptian to pun^hase, 3_cnder may. at Lender. apuan, declare a}i the sums secured by this Mortgage to be
<br />irnixtei#iately Brae and pryahk. Lc~rsder +ha11 ?+ase waived such opuon ts, acceier:rie ,t, prior to the sale a: transfer. [_ender
<br />and flit person t+a whmn the Praperty is Co L*e said ear transferred reach agreement rn writing that the credit of such person
<br />is satiafacioty to Lender atd that the intereest pav3blc on :i:e sums secured by this !+#arigage shall i•c et reach rate sx Lender
<br />shall reuttesi if Y ender has waivai the ;~ptian to aci-ekratc provided in than paragraph 17. anti at Barrtewer's successor in
<br />inltreat has atect*ted a writ+~rs assrm~rar. agrrtrntnt axepted in writing by Lender. !,ender shall reiRax &?rrc+wer from all
<br />obti;aeioos trader this Mortgage aad the Nets.
<br />if Lemler erctr.°isr3 st~;r aptior, to ac,^eierate. Louder ,hat} mail Borrower naiK'e of a~etlsxauan in accardance with
<br />paragraph 1S hmeof. Such notice shalt prcwidc a perixl of not less than ~fl days ,'ram the data the native as mailed within
<br />which Ht>rrt+wer mat pay ihr ~.sams da-.iared dttt. It Barro>i'rr farts 'o pay such sums prst+r to the expirstren of such penad.
<br />Leerier awy, witbmrt fterniter rratsr or demand on Burrower, irs+°akc eny r ~rr+edi.-s petmn[+-d by paragraph i A hereof.
<br />Most-UxtraitM ~UYENAr`t3. Barrawrr ar+d Lender further covenant and agree as faFlawn
<br />1L AaealwtAFrt: Retiieiiaa. EYc,xpi ~ pravitieA it prrrgrspY !T brreof, ufYaa 6arro+rer's brneb of aay rorrisanl or
<br />ireNirNt at be ilia a•• irririitig tic rartraaate to pry tries Are aver sotto serrtci by ibis !Naryrgr.
<br />I:arial prier N aeeailarliaa trier tar? aaaice to ~artowa rr prasiAeA is prrttptapb i J berrof sltreHyittts: 1 f 1 tie brearb:
<br />#ll~e:rtrfitr~ taMirai Ir-ease wet ireatc#; f3) a tbsic, itai tear tiuw 3Y drys frowi tie date for ooticr is twaiied to iarrorrrr,
<br />i~ wftiei aae11 irarei tttarE ba rttnrk alit #ti Ilan IaiNtre tr crre areb beracb ter or before fir date sprri6ed to tie aolice
<br />ttrq ti~irniCia.ats~lrraYaa of Neeaarei saertai by tiht lforlgtigr• foreciowre by {nAirbtl pn.tredirg attd Bak of lie praprny.
<br />7Ftt rltYiac ~ twrMr 1r/arai /Iirrroirer ei fir rigYf io reissltat rHrx accrkraiiott std tie right to asrrrt in for tnreciorarr
<br />tnaea~id9g Ilea Mtt-saiAesttt at a AelrtAt ar cry afire ikfarc of sorwrrcr b avccieratioa sad forrcbrurrr, if fbr 6cer°h
<br />4 taq evert( art er btttars fir tialr yrciYrtl M tbae retire, i..rder at I.eaidr's optiaut racy Aarbtre aY n[ ibe rtttar rccrnA br
<br />`Ilirlig~elflirgrMiclrtafatildaly rf~e tiaigt~alitrt rriUtottt frrtier tietwYi and airy forrciore iy jaAirW pracerrtNat/. i.rndrr
<br />ttltrK is tttli/ai r rrYtN h welt Praegiytfti i ct/eapra nt fotcrirrrre. iacliitlitlt, bat not liatiied to. rants of doeattiratary
<br />e+ii~tr. its tarp UMr f+itult.
<br />1L lfiril M ilriwYrYa Notvsit#standing Itrnder'+ :tcr~ieratrttn of the sums xecurbd ivp than Mortge,ge.
<br />Batrtiarer tdtisil have-tlt«e right to have atry proceedings taegitn C+y Izndcr t:+ rrstarcc th€s Martgage <bsiuntmt~-:1 at anp t,mc
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