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Leader's written agreement ar apph~ble law. Harrower shah pay the amm+rn of aFl mortgage irtsasrance ^remiums :n t.,e
<br />meaner provided under paragraph 2 hereof. -
<br />Any amounts disLvrsed by Lender pursuant to this paragraph 7, with interest ti;er.,ots. snail became additional
<br />ind~fedness of Harrower secured by this Mortgage. i;niess Borrower and Lender agree to other terms et payment. such
<br />amounts snail be payable ^pon ttaeice from Lender fo Harrower requesting paymene thereof. and shall hear Fnierest from the
<br />date of disbursement at the rate payable from rime to time nr, outstanding principal ender the Nate ur.Fess payment of
<br />interest at such tale would be eoatrary to applicable taw, ir. which event such amounts shad bear interest at the highest rate
<br />permissihle utsder applicable Faw. Nothing contained in this caragraph 7 shah requim Lender to incur any expense ar take
<br />any aeiion hereunder.
<br />g. Irtapectl~, Lender may make ar cause to be made reasonable entries upon and inspections of the Property, provided
<br />that Lender shah give Borrower notice prior Lo any such inspection specifying reasonable cause therefor :elated to Lersders
<br />interest in the Property.
<br />4. Cottdemmatlon. The proceeds of any award or claim for damages, direct er consequential, in connection with any
<br />condemnation or erne taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned
<br />and shall 6e paid to Lender.
<br />In the event of a total taking of the Property, the proceeds sbali be applied to the sums secured by this hSortgage.
<br />With the Cxee55, if any, paid to Borrower. Fn 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 secnred by this Mortgage such proportion of the proceeds
<br />as is equal to that proporFion which :he amount of the sems secured by this Mortgage immediately prior to the date of
<br />- taking bears to the fair market value of ehe Property immediately prior to the date of taking, with the balance of the proceeds
<br />paid to Borrower. -
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to make
<br />an award or settle a claim for damages, Borrower faits to respond to Lender within 30 days after the date such notice is
<br />mailed, Lender is zufharized to collect acrd a Iv the
<br />PP . Rt`oceeds, at Lender's option, either to restoration or re air of the
<br />P*^r°rt;~;, is the. °~ - ~; by this Mortgage. P
<br />v Unless Lender and Borrower vtherwise agree in writing, any such application of proceeds to principal shalt not extend
<br />or postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of
<br />such installments.
<br />I®. $onovrer Not Released, Extension of the time for payment or modification of amortization of the sums secured
<br />by this Mortgage granted by Lender to any successor in imerest of Borrower shall apt operate to release, in any manner.
<br />the liabi}fty of the original Borrower and Borrower's successors in interest. [tender shall Woe he required to commence
<br />proceedings against such successor or refuse to extend time far payment or otherwise modify amortization of the sums
<br />secured Fn• 2his Mortgage 6y reason of any demand made by the original Borrower and Borrower's successors in interest.
<br />IT. FariSerrraate by Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, ar
<br />otherwise afforded by applicable taw, shall clot 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 yr charges by Lender shat) not be a waiver of Lender's
<br />right Ya accelernte the maturity of the indebtedness secured by this Mortgage.
<br />I~= -~'-°~=~-~= Ct."ueistive. AFi remedies provided in this Mortgage are distinct and cumutadve to any other right or
<br />remedy under this Mortgage or afforded by law ar equity. and may rte exercised concurrently. independently or successively.
<br />13. &acceasars tied Arsigas &ound; Joint and Severe! I,fability; CapKons. The covenants and agreements herein
<br />contained shall bind, and the rights hereunder shalt inure to, the respective successors and assigns of Lender and Harrower,
<br />subject to the provisions of paragraph 17 hereof. All covenants and agreements of Baro=z•er shalt ?te joint and several.
<br />The captions and headings of the pazagraphs of this Mortgage are for c.anvenience rtnly and a ~ ~ !+~ ., d to
<br />interpret yr define the provisions hereof. - ._ „-- -- .. _
<br />14. 1VMice. Except for any notice required under applicable taw to be given in another manner. (a) any notice tc
<br />Borrower provided for in this Mortgage shall he given by mailing such notice by r_enifie.i n,,:t add•essed to Ba ~c..er a'
<br />lire ~tnpetty Adclress ar a£ such ether address as Borrvwcr may designate by notice to tender as provided her-in, and
<br />fbi any n~tiee iv Lee=der shah be given by certified mail, rei:~ ...rd rs:to4sted. -- -.. .. ~ - - to
<br /><_ectt ether address as Leader =nay designate 9y naHce to Harrower .as pzovided hereisn.~Any notice ~provided~for~in~this
<br />ktnTr ~ra~it ~ a. d...,..a . _
<br />_._., ..., a., ,,., . ° '"'-.- ?-___ siYen fa narrnwn t -s. ~.._ giv.,n in .*: Wanner designa[td her@3R.
<br />I Sb~ Uniform M:or4gage, Goverti~ Law; ~^ve PF-r~F„":: ~'fius forr*a ~ttt •nortgage cai.:bin~s . ~ifarm ~aenarts ivr natianei
<br />use and nor.-u.^.ifvmt cavz :ants avith limited variations by jurisdiction to constinrte a uniform securely instntment covering
<br />real properti. This Mortgage sha[I be go-.arred by the law of the jurisdiction in which [he Property is located. In the
<br />event that any provision or clause of this Mortgage ar the Note conflicts with applicable taw, such conflict shall not affect
<br />other provisions of this Mortgage or the Note which can be given effect without the contiicting peovision, and to this
<br />end the provisions of the Mortgage and the Alate are declared to be severable.
<br />I(i. Hacm+ner's Copy. liomswer shall he furnished a conformed copy of the ;Vote and of this Mortgage ai the time
<br />of execution or after recordation hereof.
<br />17. Teatrsftr of t§e Property; Assamption. if all or any part of the Property or an interest therein is sold or transferred
<br />by Borrower wiehuut Lenders prior written ::onsen[, excluding (al the creation of a lien or encumbrance subordinate to
<br />this Mortgage, (b) the creaeion of a purchase money security interest for household applianres, {c? a transfer by devic„
<br />descent or by operation of law upon the death of a joint tenant or id) the grant of any leasehold interest of three years or Fess
<br />Woe containing an. option to purchase, Lender may, ae Lender's option, declare all the sums secured by this Mortgage to be
<br />imm,°.diately due a nd payable. Lend,,°r shall have waived such option to accelerate if, prior to the sale or transfer, Lender
<br />and the person [a wham the Property is to be sold nr transferred reach agreement in writing that the credit of <uch person
<br />is satisfaetary to i~:;der sad that the interest trayable on the sums secured by this 'siortgage shall be at such rate as I..eoder
<br />shah request. Ff Leader has waived tiw_ option to accelerate provided in this paragraph i7, and if Borrower's successor in
<br />interest has executed a written assumption agreement accepted in writing by Lender. Lender shalt release Borrower from all
<br />obligations under this Mortgage and the Note.
<br />If Lender exercises such option to accelerate, Lender shall mail Borrower notice o£ acceleration in accordance with
<br />i~af€r'aPit l-t hereof. Sm:fi reprice shalt arayida a pe^ad of r_ot hs the;: ;r, da ; :r.... the : _~_ = nati;:c is mails ::-tthir:
<br />which Borrower may pay the sums declared due, if Borrower faits ra pay such ~st:ms prior to the ~czpiratipu of such period,
<br />I,eadrr n+ay, wi*.lt•~dt further notice ar demarw on Burrower, invoke arty remedies permuted by paragraph I8 hereof.
<br />Nox-Utaieoxxi Cavfytanrs. Harrower and Lemier funkier cavenart and agree as follows:
<br />IS, AcceAer~fsm; Rear_dias, Saetpt ~ prodded in paragraph 17 hereof, upon Borrower's breach o€ any covenant or
<br />agr~meut of Borrower 3n iibi, PfottEage, FncF[ed:og the covanaats to pay when doe env sums secured by this RSortgtge,
<br />3.esdes piittr Po aecekr#ien std raai3 notice to Borrower as ptom•ided in paragraph Fa hereof specF.°ying: ti9 the fereaebt
<br />t2) tlae aetlma rRr,..r.~x rn r„~ s..nr, r..a~.~.
<br />-- - -~ -_- R ,.. ~ _ :i, rrvt tea inae .so days horn the date the rmtFce i9 mailed to Borrower.
<br />by wliicFt each breach raasP he cured; and ~fSi ether failure to cote such breach as at before file date specified Fn the notice
<br />riPay reauli ie acrc3¢;tdioa of !ice saws secssr?~d by ihFS !~inttgage, foeaciosare by judicial procecdirrg and sate of the Property.
<br />Tito eotice shall f~iher issfarm Borrower rot Lire eight to reinstate after acceleration and the right to ass€rt in Tile #oreciusure
<br />iatoeer'i6in& the aoa+r<xlstetrce of a detaaFt eu any other defe:xse of Borrower to accekratina and foreclosure. ff the breach
<br />b eat cnt$d ua or trefote tbe date speri$ed to the txoPiee, Lcadee of Lenders option may declare aR of the sums secured by
<br />fbFe ]tdssrtgage fir Pre t~mediatety done. sad ~YaRsie without farrhrr demand aad may forxedase by judicial proceectir~. i,tndar
<br />~- ... ,.4,,.~M io cam.. is xri:a proeees; ai5 experatts n3 #oreci+rsure, intltidteg, but not fimKed to. costs of doennceaetary
<br />avi3sns~. a~._~~_ v...l a4.
<br />19,~ffisrrorrerra P+to it...»m: Nate, th + Fs t.,
<br />1FUrrnwe: sl:ait ltnve tlxc rlat:t to have any pr cedin„ ~L. h . [ I ___a y ~.."taR"
<br />_,. _. - ......, ,,. , .v,gag .. tsiur..m.. v .ri , n} nmr
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