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Lender's written agreement or applicabe law. Borrower shall pay the amount of ati mortgage imurance premiums fn zhe
<br />manner provided under paragraph ?hereof.
<br />Any amavnis disbursed by Lender pursuant eo this paragraph 7, with interest thereon, shall become additiartat
<br />Indebtedness of Borrower secured by This Mortgage. Unless Borrower and lender agree zo other terms of payment. stxh
<br />arkwunts shalt be payable upon notice from Lender to 13ottower regttestirg paytrsent thereof, and shall bear interest from the
<br />dale of disbursement at the rate payable from time to time on outstanding prineipat under the Note vnlzss payment of
<br />smerest at such race wauid be contrary to spolicabk law. in which event such amounts sha8 bear interest at the highest rate
<br />permissible under applicable Iaw. Nothing contained in this paragraph 7 shall require Ixnder to incur any expense or tales
<br />arty action hereunder.
<br />8, iffiptxHon. Lender may make or cause to be made reasonable entries open and inspections of tite Property, provided
<br />that Lender shad give 7orrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />9. CoademnaHan. 11te proceeds of any award or claim for damages, dir~i or consequential, in connection with any
<br />eondemnaNon or other taking of the Property, or part thereof. ar for conveyance in lieu of condemnation, are hereby assigned
<br />and shalt be paid to Lender.
<br />in the event of a total taking of the Property. the proceeds shall tx applied to the sums secured by this Mortgage.
<br />with the 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 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 />taking bears to the fair market valve of the Property immediately prior to the date of takin¢, with the balance of the proceeds
<br />paid to l~rrower. -
<br />If the Praperiy is abandon¢d b}• Borrower. or if. after notice by Ixndaz io Borrower that the condemnor offers to make
<br />an award or settle a claim for damages. Harrower faits io respond to Lender within 30 days after the dam such notice is
<br />rnailed, Lender is authorized to collect and apply the proceeds. at Lender's oprion. either to restoration or repair of tfx
<br />Prooertv _nr to the sums secured by this Mortea¢e.
<br />Unless Lender and Borrower otherwise agm in wn-iiing. any such application of proceeds to principal shall not extend
<br />or postpone the dtte date tai the monthh~ installrnerts referred to in paragraphs !and 2 hereof or change the atnount of
<br />such installments.
<br />Y0. 8arrawer Not Igt-e;ered. Extension of the time for payment or modification of amortization of the sums secured
<br />by ibis Mertgage granted 6y Le,^,der to any successor in interest of Borrower shalt not operate to release, in any manner,
<br />the Piability of the original Borrower and Borrower's successors in interest. Lender shalt not be required to commence
<br />p;o#~edings against sorb successor or refire to extend time for payment or otherwise modify amortization of the sums
<br />secured by this Mortgage by reason of any demand made by 0.he original Borrower and Borrower's successors in interest.
<br />{ 1. Forbmiance by Ixnder NM a waivei. .Any forbearance by i,.ender in exercising am right ar remedy hereunder, or
<br />etlttrwis~ afforded by applicable law, shall not he a waiver of or preclude the exercise of any such right or remedy.
<br />'~ procurement of insurance or the payment of taxes or other liens or charges by Lender shall not be a waiver of Lender's
<br />right to acccieraie the maturity of the indebtedness secured by this Mortgage.
<br />A2. Rsaredies Cumrrlatlve. Ali remedies provided in this Mortgage are distinct and cumtdative to any other right or
<br />remedy under this Mortgage ar afforded by law or equity. and may be exercised concurrcntiy, independently ar successively.
<br />13. Sacce~ors and Assigns Bound; ]pint ace! Several l.iabiiity; Captiorrs. The covenants and agreements herein
<br />contained shalt bind, and the rights hereunder shat! imtre to, the respective successors and assigns of Lender and Borrower,
<br />subject to the prorsions of paragraph I7 hereof. All covenants anc+ agreements of $orrower shall be joint and several.
<br />T'rn captions and headfngs of the paragrsp'ns of this Afortgage are for convenience aniy and are not to bz used to
<br />.,,.erpret cr defi^e ibv pravisi*_+ns boreal.
<br />Ad. Native. Except far any notice required under applicable law m be given in another manner, ta) any entice to
<br />Borrower provided for in this Mortgage shall be given by mailing such notice by certified mail addressed to Borrower at
<br />the Propet~y r. --- ar at curb ether °ddres - arr~•wer may d:.signate t;y -atice to Lender r provided Mersin, and
<br />ft?? any notice to;L-'_nrler si:atl I= given by certi_pred malt. return receipt regtt:sked. to Lenders address staffed herein er ro
<br />st,scrr after 3dro, a i_ eroer taa> a~igraie by r lice to $or;avxr .ts F,ravtdzd ..errin. env 'totfcc p:avided fcr i„ ,his
<br />Morkaaxe shall 6c deemed tv have been given to Borrower or Lender when given in the manner designated herein. ^
<br />}~. iiaifnrat 3•#arigug@; ~accrais~ A.sw; SzvzrahBity. l leis Form eF mongage combines r;niFarkn cav-enants far natlona's
<br />use and roan-unifo~t env-enacts svrtr iirr~i#ed varia:ians by jurisdic#ian to constitute a uniform sxur,t5• in~ritnment cav~riu}3
<br />real property. This Mertgage shall be governed by the law of the jurisdiction ir. which the Property is located. In the
<br />event that any provision ar clause of ibis Mortgage er the Nnte conflicts with applicable law, such cantlict shall not affect
<br />other previsions of ibis Mortgage or the Note which eau ix given elect without the conflicting provision, and to this
<br />end the previsions of the Mortgage and the Note are declared to be severable.
<br />A6. Borrower's Copy. Borrower shall be furnished a conformed cagy of the Note and of this Mortgage at the kirnf
<br />of ezecvtian ar after recordation hereoF.
<br />I7, Pnasfer of the Praporty; AwnmP&an. If all or any part of the Property or an interest therein is sell or transferred
<br />by Harrower without Lender's prior wrikzen consent, excluding (ai the creation of a lien or encumbrance subordinate to
<br />this Mortgage, fb) the creation of a purchase money security interest for lxausehald applianrts, ic) a transfer by devise,
<br />descent or by apeeakion of taw vpan the death of a joint tenant arid} the grant of -any ieasehotd interest of three years or less
<br />not cantainsng an option to purchase, Lender may, ai Lender's option, declare al! the sums secured by this Mertgage to be
<br />immediately rive ;irrd payab{e. Lender shall have waived such option rn accelerate if, prior to the sale or transfer, Leerier
<br />and the person to whom [tee Property is to be said ar trausfermd reach agreement in writing that the credit of such person
<br />is satisfactor}• to Lender and that the intt:rea payable on the sums secured by this Mortgage shall be at such rate as Lender
<br />altalA request. If Lender has waived the option to accelerate provided in this paragraph l7, atad if $a:tower's successor in
<br />intsres•_ has es=.cuted a writ±cn assvmptian agreerttent accepted in wrfting by Linder, Lender shall retrace Harrower frtxn all
<br />aifligafions under this ?iortgage and the Nate.
<br />If Lender exercises such option to acceie:ate, Lender shall mail Harrower notice of acceleration in accordance with
<br />paragraph ld hamof, Stich notice shalt provide a period ai oat liss than 30 days from khe dace the notice is mailed within
<br />- - .. _
<br />w~:.& ~5rti R'sr T:is:y pay =fz€ :z:i:.~:r:a~s'S`i s'll`r. ii is`SrrsZwE: fella ;a yay ~ii'~h :IFTis pe=ter to ii~ii ezp3~k.an :=i S - , f~rfCre.
<br />Leudts Tx,3y, vri#hout farther na€ice ar du3iand an karro-we€, invoke any rcmediea permiittd try paragraph 18 ttreof.
<br />Nox-Lintriraat Cmar+azvts. Borrower and Lender further covenant and agree as follows:
<br />id. Ascaiaiatiua; ~ Psisp€ ss provided iv part~raPti 17 tt@reof, upon Iiorrawer's ttr@acEi of any covenaat ar
<br />apsa@~@nt of Bnrrasv@r In ib~ !Natrigag@, iacladFag iir@ cav@eaats to ~y x~hen du@ say saros aerated by the Morieage,
<br />Bader Pte` is acsckmsRioa s~ ailOll nailer fo Borrnaer as piorided in pan~graph Id Ixreof specifying: (A) the breach;
<br />f~ actEau ieyairad to ear@ each breacht t3I a dat@, nW has ihaa 3b days from rise date the notice As rrsailed to Harrower,
<br />~ wAt merle brasih incest Ile enied; aed faI than fnBam to care sail laeacis ae nr Deface tAe dais specified in the net{ce
<br />resole in accelgati;~ of t?Lt suoss accur@d Icy this AAartgsg@, ftmectesure 67 7'+~kial ptaae@diog and salt of th@ Prop@rty.
<br />'A~ aaidee attaB f9rtitei iatai'ai Bvrrawer of tk@ rigbri to r@imtats after aicet@ratiua arut i4¢ right Yo aah@rt in the for~t~rira
<br />iii? ih@-aat~x.~@rw.a vt a rhfaydt or soy ether dxfs:ase of Barrawar to aecelaiatiaa and far@elasure. tf th@ Drexh
<br />as sot int@d ffia ae liai'eia tis@ daS@ spores im t(r@ natii@, I.@ader at L@url@rs aptiiao may Mxior@ all of t9@ sataac seeurrtd ny
<br />tiskc ~ to Ir@ i~ttsediri4eBy dace asrQ payat>bi without iwttxr tleaeaud and rosy farcclos@ by jadiciaA pracsediag. Iwuder
<br />m7~iN $s rota In e;sfieet ht such Piaie@ding ag tspens@s rot fareriostare, fnciedfag, bat root ltm&ed t0. sates of dwumea4ry
<br />evi~.wsa, aft~~ , r@Parrs.
<br />A+P. tow~a t.2ig{hi to lg~t~».Nn. ;vaiwitlzstaadtng I.etdei s accetcraksun of +hc sums xecvtrd #z} :his M..+riga#te.
<br />ate.°~arx3' „F......3vS .... .g.Rt [$ .~-'< $$ -T+.~f4SiA#:~3 5°4w-.., ~'} ?-'P3:9.'s, _ .., s ..,_ ! .._ . } ,.~a3_ b..s.-=.t„r..~~ _ a3 :.xr_
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