|
III... ~... t -~....
<br />Lcadrr's written agreement ar applicable Iaw. Borrower shall pap the amount cf all mortgage insurance drer@iurns in the
<br />tttaaner pravidtd vtttfer garagraph ?hereof.
<br />AmJ autouofs distruntd 6y LcrtdtT pursuant to this paragraph '. with jnttrest tktreon, shah became -additioraI
<br />irdtbtixlntss a€ Borrower secured by =_his Mortgage. Unless Borrawtr and I~ndtr egret to other rectos of pavtitem, such
<br />atitcntnts shat} lee payahhe vpnn notice Pram i,endar to $orr:;vvtr regrtesring payment thereof. and shall hear interest from the
<br />date of diskvrsemcni at-the rate payable from >.ime to brim on outstanding nrincipaf under the Nate units paytnatt of
<br />interest at sixth rate wrndd lee cantrarf ro applicable Iaw. in which event suck amounts shall bear interest at the hig6esl' rate
<br />Dmnissibk tmdtr speiicabie Iaw. Tvaihing contained in this paragraph ^ sha31 requitt i_ender to incur any expense or take
<br />-any action hereuttder.
<br />8. Itttvpeet6ots, Lender may make or cause to lee made rtasonakla lorries apon and inspections of the Piropetty, provided
<br />that i.ender skafl give Borrower notice prior m any such inspection specifying reasonakle cause therefor related to t.e@t°zr's
<br />interest in the Pmpertc.
<br />4, Caatbse. The proceeds of any award or claim fo; damages, direct or ronseglttn[ial, in connection with any
<br />condemnation ar other taking of the Property, tx part thereof. or faT canvtvanee in Sieu of condemnation, arc hereby assigned
<br />and shall lee paid to Lender.
<br />In the event of a ints2 taking of ikt Property. tht presceods shall let applied is the st:ms secured by this Mortgage.
<br />with the ex:',-~ss,rf any, paid tt-. Bormwtr In tht event of a partial caking of the Property, unless Borrower and Lender
<br />otkerwisc agrce in writing, there skalE t:e appiitd to the sums secumd ley this Martga¢e such proportion o€ the proceeds
<br />as is equal to that ptY.partinn svkith the amamt of the sums secured ley this Mortgage immediasely prior to the date of
<br />faking bears to tkr fair markrt valtte of the Property Immediately prior to the date of taking, with the balance a( the proceeds
<br />paid to Borrawtr.
<br />Ff the Praptrty' is abandoned ! y Bnrrowtr, or if. after notice kv Lender In Bnrrowtr that the condemnor etfen to make
<br />an award ar settle a ctaizl tar darnagts, ticrrewer fain to respond to Lender within 3t'i davn after ikt date sorb troller is
<br />mailed. Ltttder is atrtkorized to collect and apply the proceeds. a[ Lender's option, either to restoration ar repair of the
<br />w (?nfet9 I.cndtr~and Bt+rTaweC~atherwnR agree in t9rTift~g, A@y Sack appitcaflaR of pra,:'tieli# bib I',arcineil5a2 ,skaii not ravLend
<br />or pastp~ant the dtte tiara of tkr ma~ntk@y dnst.!itments refctxcd to in parsgnaphs i land ? ibereol` cure thangt the atmra,ant tof
<br />#itx~k reseal{moms,.
<br />lq• deamawrr Nat Ft'rtraxed. F.xirnsian Ili tkC time, for pat^mtitl 41r mCHilfi'tul[ian [-€ 'Arn41TtI7m"JL'r@ of tkC sl.tm9 #tctlrtd
<br />isy Skia M~.artgagt Q,ramtd ilV I..Ctxitr to anV FVtCYSfiar m intCTCSt of BorTawtr shalt 11451 aPe,CaLie Ill rtieasr, in a@y @batirpt£,
<br />tPaM iiabipity of chit arigtntrl Barrowtr and Barrowtr's sutcctssors in inte+rcest. [.eiseier sha,IT ace cwt 'rtquireri ttr, eons~mem:c
<br />prr,;atc:adinga against suck succts#or ar refuse za onrtenci Dine for paymrn=, c+r other^n ire rnrxi@fy a,martrr~at:cn of the runts
<br />s~tdrod Iby thins Msrrtga,ge try season of any dtmanii made Iay the, original Bornr>wtr und &i,nrrnweor"e! succeasora in iaraenht.
<br />t'F, Fustret~antt ley l.radrr tiswt a YJatrxr. .A rev forktsrancr ley Lender in tYttt:icirg aurv right r,r rtm4rdy ktrtvndtr. or
<br />afketaise af€o 4td 6y :rpphcabk law. shall not lee a waiver nt <,r preclude the exercise of any such right or remedy.
<br />Tkt procurement of insurance or the payment <rf lases c:r other irons c,z charges by I ender shall na; be a •.waver of I.tnder's
<br />tight to- a~seierate the maietrity a€ thr indebtedness «rured ley this Morzgagt.
<br />i?- tstmccira Ctse. AIi remeiiies vrovldtd :n this Mortgage are distinct amt <umttiativc to any other righ*, nr
<br />rtmttiy ostler this Mortgage yr afforded ley law rtr egmrv, and may he rsrr.:srd n,ncurrenUv. mdeptridenth• rr successively.
<br />lM1. ~ee~ters aid As~ars Es;srd: lakit and ~cvera3 I.ia#riiFiy: ('sptioas. The a~venants ansf agreements herein
<br />contai:aed shall hind, and iht rights kcrcundd ;haft :Wore to. the respecov'e sucassc+rs and assigns of tender and Borrower.
<br />subjtci to tkt provisions ,if paragraph 1" htrcot. r\I! c:.enar.i-s .tnti .rcrr.sncn!, ,:? Rc:rr„war sty ~.ii r4 :: ,,, ±nd seversi-
<br />71te eaPtiens and headings of the paragraphs of this hgc+rtgaFge aa•t P.onr ,:~onvementt an lv and afro not n, lle used to
<br />inte~r~J~F= ~.r di:~ gcs m.`ix?nn= hereof.
<br />Fd. "-#atisvr. E?xcept fur any ris>ttce !-sgoucd under appii.ak9t 1,5cv ^:, kc~ glut^n :r, another matutcr, (al env notice to
<br />i4ot.rtvwut'~r pnsv~idtt'F far In this Martgagc shad he givrn by rntoiifbg sucfp noose Lry ~tarnt3td mail ',bddr!*~d t.+ Ilorrawtr at
<br />me [~re;npert. ?eddsr::s ct alt r_'I± atEaet .rdan ~. as Pr=?rn -~ r i 4v) !! :, °aas... t,. ,s- ,slice t:, p'.., nskr .:s provtdesi herein, anti
<br />~, n.y :a;tc;: i> a~._. __ ",SI let Ft'_.t hs- ce. iittt, m~a.+. rei!am rte rg re~u+.ennrd. t.'r I-tn4tar ;~ adrL~e!.. 7t>zt•'d h~r=~F nr to
<br />suc'!'t other ,25tdr~:v ac~I°^natt a+a • .tesignaie let ;x^t '€ ;:+ €ksrr:5arr _.- t v:.:ir,i h~~=i.~ w .. a- g rt. -:e.t;d f: rr in tki~s
<br />ktcort a~x strait F_u~ e~ _. ~ to k~ e ~,,.., - a ~.r~y~ree e . _.
<br />..-',' - - -;v€, .:., ac n° u.ver, in F:,e n,t e-.- - -?t^---
<br />F~k'~. [%nd6/N'en htter#gageC f''ureruung F~aw. ,~weralt€irdir tp r. 4r~i'm rt mc,rtgzts~ ~.,mhine r,F{.rtr. _ - _rs t.-r n.,r..,.,,1
<br />ii#Q anti fiCn ant itir#Te ~ _-riant~ ,viLtt united 4'arlat;'.:nR ^ , lr, ., ,.,h tr. ~, n.tinl~ ~, .toil<) (, tic`r 4lrr.y ir.rriitneni a 'rcring
<br />real property. This Mortgage shall ix gtrvcrntd by eke Iaw „t the iurrsdtcuon in whisk rite Pmpertv !s I!xs4_d. alto the
<br />avant that arty provision or clat!st of this Martgagt nr eke Nott coniticts with applicahir Iaw, such ~onfttet shall not affect
<br />other provisions of tfsi# ;vtortgage ar the Note which .:an lee .:teen effect without the ccrrulicnng provision. sod to this
<br />end the provisions c f eke Mortgage and tkt 'volt are declared to lee .tversbie.
<br />18, BoROwrr's Copy. &urcwrr shall h furnished a cnn(ormrd copy vi the Nate : nd nt ihls Mortgage ai rke time
<br />of execution ar after rccardation berrof.
<br />t~. "I?eAwBer of the Pruprrty; Axsattepiion. it uii or any part of the Property or on mttrest therein is sold or transferred
<br />by Burrower witkrnt[ T.tader's prior written consent, excludin¢ fa) the creation of a Gen lu encurekrsttce suxreiinatt to
<br />chi#'.43ortgage, thi rtes crtatran of a purchase money runty ,nttresi foe houstboid appliances, tc) :! transfer by devise,
<br />descent ar ley opecaaan of Iaw vp~r tJ;e '„oath of a joint stnant or ad. the gfam of any leassk~oid interest of threw years nr Iess
<br />oat containing an option to pvtchast, i_ende: mat, at 1 E•vdet's .rpt,on e!cciare ~!! ,ham, ~. ~d - . .
<br />- '~° 6v the 'dorgagt :v bt
<br />tmntediattiy dtte surd payaFria. Lrntdtr steal! have watvtsf xictr .,pnun .u aw-eier~ tt :f. aria z4, the v.tlc ,•r transfer, 4. ender
<br />und the ptrsun 4u w~hanl the Prcpcrty iv to be said or transfeutd ;cash ugatement m wrumg that the credit +'4' cock person
<br />is satigfacFary to f .en 1+•c and that i!:c ivrrrc>t papa+ait ca the .u; !. a-~ui »i t y rtes :.3; ~rtria;r -hall i+e at ~a,n r;ric sa I :,;dti;
<br />skaii rtgtrrrt. If I,.~ensir= etas wa:veu the .rpti+5tt to aecelera c ,.c ~vi~ted - thus pa;.tzetaph 1?, and if Iiorrnwtr's vttc error m
<br />int~:est teas a ses:;ri'd:+l a svriiten assampticn; agreement uv.°e}~z~9 in :r-clung f++. I-ender, t nJra shat! reEeasv Bnrrrnvur tram all
<br />akiigatian# under this M1trrtgage and eke Note.
<br />Ff Lctadt€r t>scrtises stash option fa acctleraie, Len.ier ,hail mail Sorower notice of rcceleratiar in accerdanee wuh
<br />a. _taaraph !4 htttai. Such @sr--Cite shai7 provide .t pertod trf nut ies, than ifa .faty )r',+m the irate else Wolter is mails,i within
<br />t- >_ - c zaay ~' rtes ?,.rms di~.tarcd rz.aC- at unrrs.x.,r -x.-, :: pay vu;h ,nine prior i., the cvpirazr<m .•E :us h prr+.n1.
<br />F,Cailxur clasp. wltttG:LLt fun~r CaSifa.Y or aieznand on .~s'.lrr?'Ker, .r3vs'.ti r_~ ~ -, __._.g.iw. i __,,,•_~~.t h.. P apt. ~ v a:r: oaf.
<br />*JOt:.[.int€tsttM t';ova^tnN't s. Burrower and i.crndcv turiker cnvearant =nt1 a~+rrt as (oilnws. -
<br />Fg„ +1s5zates+ttiaa: lRteaacd3as, fxxtpt as prusktkd in pasa~eapk t7 ittrraF, at;tisn Bnrruwtrs iarrsek of any ruveaaat or
<br />a6reavsxat of Bprr'esrer lea tuba tFiorlga~e, issrtadieeg the cusenants w pry whets der any rams secatsd by tbht Martgagc.
<br />F.atdnr gtioc to ~cr3rtMkan shall mail natice iu Botrswtr as proviiltd in parahrapis td hrrrof sptcifyt~. t F! the breath;
<br />t~l the acfkra segaiaad lei cure oath Frteacha f33 a date. nut ~ rhea trd dais tsc°nr list a~ 4t.e ~ar,~e ~ .,,ectQa .,_ _~,,,~.~.
<br />by vrlicit stat0 iisast°a teasE br eptn,$; asst E3) eke Farlpre to cexr sacie breach un nr fitturr the date spceiiitd in the erotica
<br />' +samtEf in axrd~tttdsw t>1 the wt~ srcvxed by ik~ A#trr'igoxe, FaortcFausar try jaditial piticrnttstg wed salt of the Prtrpsnt.
<br />ilea esittee ahril fietiner inlarm Brirxuwrr 4r€ ttyr r~lrt m rriresia#e a;far aceslrratdun arwi ibc right fu asssri En the Falrccfasure
<br />pspCta: its trv#•eSittiBss~are u€ a des`tea~Ft or may attest rtefttise uF FSarnlwar to atteieratian and forrckrsate, Ff the breach
<br />fir anti cnsvd on ur taefxvrr the akgr speadi,rd Fn the erath~r, t,radet ai Leaadsr's rptiun trurw darktta u8 of it~e sonar secures: by
<br />rAfa tat ba i _ "?sets rxn! paya€dr »~ittwazt fazr;9er drwand aril} try tsrse<ixaa by jazd3ci~ gnrertriiug. Lender
<br />>s~ Ms cathleaA to e~;a in sorb or.~cc~i-Nw ,~ ?affiz~ e~ par,N•t,.y.,rr, k,~ .:~ ;i>i~~° tea. rt~t; v; dazirv~a.ar-y
<br />cwt4~:~, #> Tarts,
<br />F'g. aisast's t is &t17t7~aHC. "+otw2Fhstandtng i.zndcr's , .:eica ai11,i5 .+f !he• sirrsss c:~!:ier2°d by Chu 4ivetg.u:s:-
<br />....=,..-ar. ~,.., .f,.. ,,,,v :~sf .ti. ,n s.r i,ra~c:'irg, t*r~. re s.y r.rtu3? _ I.. .._ .h,. 4.,,,,tgsh a'.zsia:ntsn;:ca.i ....,, . ,....~
<br />
|