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Forth 808 B
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<br />Lender's written ag,-ezment or applicable law. Borrower shall pay the amount of all 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 additional
<br />indebtedness of $orrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment, such
<br />amounts shad be payable upon notice from Lender to Borrower requesting payment thereof, and shalt bear interest from the
<br />date of disbursement at the rate payable from time to time on ontstanding principal under the Note unless payment of
<br />interest at auch rate would be contrary to applicable law, inwhich event such amounts shall bear interest at the highest rate
<br />permissible under applicable law. Nathing contained in this paragraph 7 shall require Gender to incur any expense or take
<br />any action hereunder.
<br />g. Itrspectlon. Gender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that Gender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />9. Condemnatktn. The proceeds of any award or claim for damages, direct or consequential, in connection with any
<br />condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned
<br />and stall be paid to Lender.
<br />Lt the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Mortgage.
<br />with the excess, if any, paid to Bortower. In the event of a partial taking of the Property, unless Bottower 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 chat proportion which the amount of the sums secured by 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 the proceeds
<br />paid to Borrower. ,
<br />Yf the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor otfera to make
<br />an award or settle a claim for damages. Borrower fails :n respond to Lender within 30 days after the date such notice is
<br />mailed, Lender is authorized to collect and apply the proceeds, at Lender's option, either to restoration or repair of the
<br />Property or to the sums secured by this Mortgage.
<br />C.Inless Lander and Borrower otherwise agree in writing, any such application of proceeds to principal shell not extend
<br />or pastpnne the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of
<br />such mstaliments.
<br />10. Borrower Not Released. Extension of the time for payment or modification of amortiration of the sums secured
<br />by this Mortgage gravted by Lender to any successor in interest of Borrower shall not operate to release, in any manner,
<br />the liability of the origina! Borrower and Borrower's successors in interest. Lender shall not he required to commence
<br />proceedings against such successor or refuse to extend time for payment err otherwise modify amortization of the sums
<br />secured by this Mortgage by reason of any demand made by the original Borrower and Borrower's successors in interest.
<br />ll. Forhearsnee 6y Leader Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded by appticable law, shall nni be a waiver of or preclude the exercise of any such right or remedy.
<br />The procurement of insurance or the payment of taxes or other liens or charges by Lender shall not he a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />12. Remedies Cuwuiattve. All remedies provided in this Mortgage are distinct and cumulative to any other right or
<br />remedy under this Mortgage or afforded by law or equity, and may be exercised concurrently. independently nr successively.
<br />13. Successors sad AssEgas Bound; lout and Several Liability; Capflons. -the covenants and agreements herein
<br />contained shall bind, and the rights hereunder shad inure to. the respective successors and assigns of Tender and Borrower,
<br />subject to the provisions of paragraph t' hereof. Ali covenants and agreements of Borrower shalt be joint and several.
<br />The captions and headings of the paragraphs of this Mnrtgagt are for convenience only and are not to be used to
<br />inttrpnet or define the provisions hereof.
<br />l.f. iVotite. Except for env notice reyuircd under applicable law to he given in another manner, ta} any notice to
<br />Berrottrer orovided for in !his Mortgage shall rte eiven by mailing such notice by certified mail addressed to Borrower at
<br />tree Preprrry Address or at such ether address as Bnrruu'ur may designate ny notice to Lender as provided herein, and
<br />tt,) any notice to I.trnltr ;h~tt t.e o:~.P~ by certifred maN: r°tutn receipt rtyu€et=d. fn ! tnder's addrt°ss atattd Jt?+~in r- to
<br />such t;alttr address as 1 ender may designate by native to Borrower as pm,dded herein. Any natfcc provided for in,.this
<br />Mortgages .-_ ___... d t^ have :~ given to P^rrawer ar L:::t;',-er wt;e.; giver, is t t manner u, signat~d h€rtir,.
<br />5?t lJr~exr3t S4nrSv: ~everrdug ~!r; Seve>y, This f.?r:r of mortgage cembint~ uniform cc:vananis for nattnaal
<br />use and non~unifomt rovenams with limited variations by junsdicuon to constitute a uniform security instrument cavering
<br />real property. lTris Alortgagc shall bt governed by the law of the jurisdiciinn in which the Propery is hnattd. in the
<br />event the[ auy provision or clause of this Morcgage or the Nott conflicts with applicable law, such conflict shall not a$eet
<br />aher provisions of this Mortgage or the Nott which can FM given etftct without the conflicting provision, and to this
<br />end the provisions of the Mortgage and the Note are declared to he sevtrablt.
<br />16. Borrowers Copy. Bprrowtr shall ht furnished a conformed copy of the Note and of this Mortgage st the time
<br />of execution ar after rte;ordation hereof.
<br />19. TrartKrr of the Property; Assttmplion. If all or any Dart of the Property or an interest therein is sold or transferreal
<br />by Barruwer without I,endtr's prier written consent, excluding fa) the c[ratiun of a lien or encumbrance sulwrdinate to
<br />this Mortgage, fb) the crtatiatt of a purchast money security interest far household appliances, (c) a transFtr by dtvist.
<br />descent or by optrntion of law upon the death of a joint tenant or Idl the grant of any leasehold interest of three years ur Itss
<br />nni cnntitining an option m purchase, i.ender may, at Lender's option. dtctart all the sums stnircd by this Mortgage to bt
<br />immediately dace acrd payaMt. L.tndtr shall have waived etch option to ucctlerate if, prior to the Salt or transfer. I ender
<br />and tbt fetrson to whom rhr Purperty is to he snld or transferred reach :rgreantnr m writing that the credit of such prrvon
<br />is satisfactory to l.c~nder and that the interest payable on the sums stcurtd by this Mortgage ,hAll he at such rate ;.s I ender
<br />shaft request, if i.ender Figs waived the option to acctleratt provided in thin paragraph 17, and if Onrrnwet's successor in
<br />interest has rxectttad a wriittn aasutnption agretmtnt acteptttl in writing by Lender. Lender shut! rrltau Rasrruwtr from all
<br />obiigaticxts urxJrr this Mottgagt acrd IFtt Note.
<br />Jf Leader rxtrcista such option to actrltr'att, Lender shalt mail Borrower notice of accelerapon in accnnluncc with
<br />-era-each .., !_- - ,tier -!- :td~ rye:: 5 ~ t _ itss_ S-. _ ;lays from the :rte 'r. era:€ed .,.
<br />which ~ - _ ray ; v +t,>' an±s 1~lartd due- if lintatwer fails iJ pay such =tithe prier to tht~-rapir.rtio., ,.f ter R ; .r„rzt.
<br />Lender may, wriaaui fnrtrter ne+tacr or +itmAnd on torrower, ~nvolce any rcrntdics permitted by paragraph ig htrta?f.
<br />Non-Ic *+troasr C:4ve*:+~:rs. Borrawer and !.~-ttdcr Iwthtr a:oa~enant turd agree as futlcaws:
<br />Itf.. A.cct#eratlaa; lll;taeriiir~ Eatx~! as pravitied in par~rAph 19 hereof, upon Borrower's trrrArh of coy rovenaal ur
<br />a®,rreuaent ot-Borrower la ibis iNartRAP,6, itsr:itxdinY fire covenants to pay whmt due Any shah tit1'nred by Ibis A4artgrger
<br />I:a+a~s Pr#ez =e ~ si~i ram raa~tkc ter ~Vrr6srer a provided to paragraph f 4 hereof spetiiyittg: ill tie breath;
<br />f;.~ tine aciWU zerir~rsd t9 ruts lath Jsreata; iii A 161ittl. rw1 Ieae rhea Jfi r1ay6 frPnl the date fhe tiatil'e iR rnrAed t0 Htirwwer,
<br />hY wMtkt each breach caner ba cured; asst tsi that frYwe to cure such bnrch ou or before the date speeltied iA the twdce
<br />°"t Hairy rtteak is aesekt-rtiaa of the sins secured by Ittia NorlifWta. Foreclosure by judktai proceediaq and sAle ut the Property.
<br />`y~'"I`Rt aetke shtdf faWher irfor~ Bazrroarr of the rytht to reipstate after ateAerttt}on And the right to Asset! in the forec~ure
<br />-: _° proeeadt~ tt~ awn=rxkrtrtsr of a tielauFt w aAy rryLer defeine of Hwruwer to attekratlun sad foreeWsate. If rite breath
<br />- Ia apt leered na or hrrfgrr the tlrie .pseigaE re the turtkre, Lender at Lender's optiua mry decreer AU of the shun seturrd by
<br />.~ 1 Ei!}s il4nrie fA !se inemtriitARxfT $xtr atad pryrbir without fr:rther demand cad lacy foretFnve by jttditlal pnrteedlm;. f,ettder
<br />''"• Ab9lf ire r~tfthd is ca~liiYet in such pruceed#trt taH tapewrs td foreelusure, iatlydktit, but hat Ibrtded fa rusts of documentary
<br />z~.•* evirx's, ~ triad e3Efr reports.
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<br />~:i.. .= sb.=.?.t... ..~ ri$:; ,... ,- tn,.n..~...as ,~.a.t,. „r ..~nc.G....,.r, a. +nr+ ~.ra trgagc -,rs,.onirma.u ar .any t~rnr
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