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<br />Forth 308 B
<br />Ep.... i)~s ~2`'S
<br />Lender's written agreement or applicable law. Borrower shall pay the amourt of alt mortgage insurance piemitrms in the
<br />manner provided urtder paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to this garagraph 7, with interest thereon, shah become additional
<br />indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment, sttch
<br />amtxtnts sfia8 be payable upon notice from Lender to Borrower requesting payment thereof, and shall bear interest from the
<br />date of disbursement at the rate payable from time to time on outs.anding principal trade: the Note tmless payttteat of
<br />interest at such rate would be contrary to appfieabte law, in which tutor such amounb shalt bear interest at the highest rato-
<br />permissible under applicable law. Nothing contained in this paragraph 7 shall require Letrder to incur any ezpenae or take
<br />any action hereunder.
<br />8. It~pectisa. Lender may make or cause to be made reasonable ertties upon and inspections of the Property, provided
<br />that Linder shall give Borrower notice prior to any such inspection specifying reasonable cauu therefor related to Lender's
<br />interest in the Property.
<br />9. Coademttatinn. 'The proceeds of any award or claim for damages, direct or consequential, in connection with any
<br />odndemnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned
<br />and shall t>e paid to Linder.
<br />In the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Mortgage.
<br />with [he excess, 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 be applied to the sums secured by this Mongage such proportion of the -proceeds
<br />as is equal to that proportion which the amount of the sums secured 6y this Mortgage immediately prior to the date of
<br />taking bears to the fair market value of the Property immediately prior to the date of taking. with the balance of theproceeds
<br />paid to Borrower.
<br />If the Property is abandoned 6y Borrower, or if, after notice by Lender to Borrower that the coedemnor offers to make
<br />an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date such notice is
<br />mailed, Lender is atrthorized to collect and apply the proceeds. at Lender's option, either to restoration or repair of the
<br />Property or in (he 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 dam of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of
<br />such installments.
<br />10. Borrower Na Released. Extension of the time for payment or modification of amortization of the sums secured
<br />by this Mortgage granted by Linder [o any successor in interest of Borrower slier!{ not operate to release, in any manner,
<br />the liabiliiv of the original Borrower and Borrower's successors in interest. Lender shall not be required to commence
<br />prncetdings against such stuc.~sso~ or refuu to extend time for payment nr othtrx•iu modify amnrtizztion of the sums
<br />secured by this Mongage by' reason of any demand made by the original Snrrower and Borrowers snccesson in interest.
<br />Ii. Porbeaesace by Ixnder .h'ot a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable law, shall not t+e a waiver of nr preclude the exercise of any such right or remedy.
<br />The procurement of insurance or the payment of taxes nr other liens nr charges by Lender shalt not be a waiver of Lender's
<br />right to accelerate the maturity nt the indebtedness secured by this Mortgage.
<br />22. Remedies Camula8ve. All remedies provided in This Mortgage are distinct and cumulative [o any other right or
<br />remedy coder this Mortgage or afforded by taw or equity, and may hr exercised concurrently. independently or successively.
<br />23. S~cessors cad Assigns Bound; Joint and Several Giabilify; Captions. The covenants and agreements herein
<br />contained shs}I bind, :,nd 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 uverai.
<br />The captions and feedings of the paragraphs of this Mortgage are far cnmenienee only and are not to be used to
<br />interpret err define the provisions hereof.
<br />23. Notke. Except for any notice rcyu[red tinder applicable law to be given in another manner, (a) any notice; to
<br />Harrower provided fnr m this Mongage shall tx given by mailing such notice by certified mail addressed to Borrower at
<br />the Property Addresw .?r at ouch other address ss Ittxn?wrr rttay drsign.tte by harlot to t..rnder as provided herein, cad
<br />tn} any norct to Lender shalt txi Kiven by certified oral€. return receipt requested, to l.sndtr's xddr_-s stated htrtin or to
<br />sux:h ether sddeeas as I.r„ler may designate by n?t.icr a+ Barrawrr as provided fiereirt. Arty notice pre?vided fur in this
<br />Mnrt;la¢r shall Iti ..c,.mtd tom. „ ,r +`~crn .tutu to B,?rrt+wt~r or I_sndee wltwt? g;vro io ter manner itsignatrir herein.
<br />l3. E;nifturm A'6origapte; (`aereraiay flaw; Stvsrabilit}~. IhL form of mortgage combines uniform covenants for national
<br />use and tsnn-uniform covenarts •sith limite.'• variatiars 6v jurisdiction w constitute a uniform security instnrrnent covering
<br />real property. This Mortgage shuVi t+e governed by the law o[ the Jurisdiction in which the Property is located. In the
<br />event that shy provision or clause of this Isiongage nr the Note conflicts with applicable law, such conflict shall not affect
<br />other provisions of [his Mongage or ttte No[c whreh can he given effect without the conflicting provision, and to this
<br />aid rite provisions n[ the Mongage sod the ',vote are declared to ix severable.
<br />16. Igomewsr`s Copy. Borrower shalt tee furnished a conformed copy of the Nnte and of this Mortgage at the time
<br />of execution or after recordation hereof.
<br />17. •Mesftr of the Property, .Atsaatptioa. If all nr any part of the Property or an interest therein is sold or transferred
<br />by 13ottuwer without Lender's prior written crosrnt. ctchtding !at the dreatton of a tiro or encumbrance sutx?rlinale to
<br />tFtis Mortgage, (bl the crexdnn of a purchax money xwutity interest t`t?r household appliances. (c) a transfer by devise.
<br />descent nr by oprradon of law upon die ltsth of a Joint tenant or tdi the grant of auy leasehold interest of three years or Irss
<br />hat containing era? np~nt+. to purchase. !.,eteskt tttay, st Le,^.der's opunr., declare alt the sums secured by this Mongage to be
<br />Immedtattty due ctrl payable. Lender shall have waned such apuun as accelerate i(, prior Io [he sale or transfer. Len let
<br />aril the person to whom the 1'rnpen} is 0.+ be sold or transfer red reach agreement in writing that the credit nF such person
<br />is satis[aektry to I ~ttltr and that the intrreat payable on the sunrl accred by this Mortgage shall bt at such tart as Lender
<br />shall rrqurst. If [zndtt has waivel the :+prinu to accelerate provrled in this paragraph 17, and if lioernwrr's su. cessur in
<br />interest has ~exrcutrd a wntten assun+pnun :egrrrment accepted in waiuug by i-under. Lender shall tetras,; Snrrower front all
<br />t?Edigaironv t~~tder this Mnrtga~ and the Mott.
<br />If I ender rxrrcisrs such option tr+ accelerate, I-ender shall mail Borrower holier of acceleration in accordance with
<br />paragraph 13 hereof- Such notice shall provide a nrrirxrl o{ nut Less than 3() days from the date the notice is mailed within
<br />witiCh Born+wrr may pay the wins declared due. it Borrower tails ru pay such sums prior lu the expiration of such peritxl,
<br />i..endct m«y, withcntt funhr+r nxice _+r drenunei :.n t+,tsr: i?ucr. ;n:okc :thy remedirs pprmtttrd by paragraph tg here.•,f.
<br />Nnw•Lt ts-troast CovE'r,+w,y. Borrower and l.rnder further covenant and agrrti. as follows:
<br />18. Aecpkralba: REtttslks, Eteaepl as providEd is paragraph 17 hersatE, upon BorwwEr's breach of tray cereaaat w
<br />axrosmstN of 13orruwer is tbfa Norylaga, [ttcladiag tbE covenants to yay when due any sums speared by this Mongtgte,
<br />I..sadev pries to ateskeratian shall mail natke to Oorrower as prnvidtd is paragraph l+i htrerd sperifyia{&: (ll !be breach;
<br />°(I) tbs ar:fir?a reached m can sack (xeanc~ r It n_ eae.._ ,,..r r-.. st.~ w ~.~ t....e, ,~ ,te.e erv .....:~.., u .._ _
<br />^^.- 8y which lath kseach eafesf be cared; aad ti3 that fayurE to curs wch breach as nr bsfwe the dNC specltied in thp• etotice
<br />reap rESait is asrekrataa of the satin sECUSSd by this hiontptgE, f0[edtr€urr by jndkisl prucptdiag a1/J salt of the Property.
<br />..'!lam ateilrr shall farther ittfosne Bwrowpr xkl rite ri>3ht to reixslWe after accsteratarn and the right iu assrn in flit foeeciwure
<br />.,:._ ¢s~esdafp tks twp.pa6rtEace nt n tfsfaatt rss auy oilier dtfstae of 6errawer to acreleratfdn cad furpcfu.are. N 1hE [tnterb
<br />le ttwt e~.arsd arc ur before ibe daft spaifltd in the halite, tattler at Leadsi a opfiert may dES•lare all of the anew secured by
<br />_.., this 4#>~tBaga to ~ i>~fs dap sari Wyah1E wfrhva( farther demand cad may turtriurrt bs jtathfal pnxesdlrta. [.coder
<br />'by r~k>s!t?d b p~r•2 ?a::~k Iu~•e-a,~fri ~ xapeass3 uS fvrss*ft~;srE, ittv:udlsd, bat tint IimSrpu ter, rusts of docatasntary
<br />=e_.:, a•t~ r ts-g fem.
<br />tp, Basrawpr's $1gAi to 6telastafE, '^r xwuhstanrl+na Center's arericrat:tnt vt the virus ses~ured tn~ this 1lortxaac_
<br />?tre~wsr vna#i itav? -era. rig!rt to fearE any r:w,etdtngs t'Egun !?y E_e :use t,+ enfosr th;a 'ktor;e~axe di,u?nnnual :u nor r~mr
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