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<br /> Lt:n6crx wjimtn :,zrtcrocnt Cr trplali~.•?,;c .tvw. Etorrowtir r!hAl pay i:he nm«;amnt of a.11 tximvxltgage h=rwrtce. f►wwr untr in tS. e
<br /> rtaann~-.r Frovi4r4 a ic. parL.gr:tiph ,7. herm)f.
<br /> Any arrr•-~arit, Oxsvr%-4 try lxDder purstiar, io this caragrmph 7, with intervA thereon, shear, becortse tadditional
<br /> indeblcdncvr i-' llf arrt *ci t unit by this Ntongstge. Unless. Urrow^er and Leiider ranee to other trrms of paynwnt. su&
<br /> an^monis sh:§4 tats pa)•at4c trite,: rolict from lxrr&.r to Bowwwwrt te+yiKving payment trnemof, ward ihatll twat Inicr-t from .he
<br /> elate of r islttar ctr+cnt at the rate payable from li=ne to riprte on otartanding pxinelial under the Note unless paymeat of
<br /> interest at svcf> rate wo,tld he cowmry to applicable law, in witit:h evert: umh anxxmtx shall bczr interest at the highest rate
<br /> prrrrstssihle urAcx applit:.Ablr law. Nothing contained in this paragvtph 7 %ball rrquite Lender to incur arty expense or take
<br /> t;ny wction hmliunder,
<br /> '8. TbSpIction. Lender mare make er caezsr, to be mitde rca:t► taxes tn7ries upon and inspections of the Prc9crty. provided
<br /> a~,at Lev°d-;-T ,;)eases give Borr wee' rR--,6<`t prior era an7 such inspectio<t specifying rexwostaNt ctt7m. therefor re'.ated to i_erdcr's
<br /> ia:tCrt-St in 9w pnnrocrty.
<br /> 9. C:owli-mu2lkm. "f ne proacme% of am award ar claim for damaz--s. direct or consequential. in connection with any
<br /> rondcnaraatro or other taking of the Propcrty• car i art t'hercof, or fc,r convt;•arRcc in lieu of conde.mna(ion. are hcrrby assigned
<br /> anti shall Ix [raid t^ i_rnerr.
<br /> In tl`c e'.cnt of a IoWt taking of the Vrolxrry, the procrces shall be applied to :'^r sums secured by this Mortgage.
<br /> wilh the exetmi, ii any, [raid to Bcwrow,:r. In the event of a partial taking cif the Property, ernes Borrower and I-Amder
<br /> o,thcrwk,c m **t° its v-iting, therc sha'.l be applied to the surrx v mt rcd by this Mortgage such p%-portiin of the proceeds
<br /> as is cgtaal to that rronoition which the amount of the shorts sarvrcd by this Mortg3ge immediattt; prior to the date of
<br /> taking bears io the fair market value of the Property immediately prier to the date of taking, with the balance of the proceeds
<br /> paid to Eon:yw•er,
<br /> If the V-operty is %b2ndom4 by Borrower, or jr. after notioe by Lender to ftr ,-Aer that the condemnor offers to mrtke
<br /> an aw'ar'd or settle a claim for damages, Borrower fails lo res-,,cmd to Lender within 30 ditys after the date such twtice is
<br /> mailed, Lcn,lcr is ratrthorired to collect and apply the proeecd4. at lender's option. rather to restoration ar rrprair of the
<br /> Proxrty or cv the sums secured by this Mortgage.
<br /> Urilcss (.entice and Borrower o0mrw4e agree in writing, any st)':h application of prtseceds to principal shall not extend
<br /> or pc,stporxr the due date of the monthly installments referred to in paragraphs f and 2 hereof or change the amount of
<br /> such, inslaIi ~'rcnts.
<br /> 10. Burrower Not ]'released. Extension of the time for payment or modification of wnorti=Son of the stems -ecured
<br /> by this .Mot tg?p..c granted by Lender to any six-iC.swr in inic:cst of Etor,owcr shall not oper.sle to release, in any manner.
<br /> the lit~riliCr' of the original llorrm er anol Borrower's successors in interest. Lrtxler shall not be: requiresi to commence
<br /> prcw:+cas:lir:gs against such successor or refuse to exit--d tube for payment or otherwise modify amoriixation of the sums
<br /> wurcd by fhi5 Mortgage lay reason of any demand made by the original Borrower and Rnrrowcrs %uccessors in interest.
<br /> 11. Fwr e2mme by Leauler )Vot a Witiver. Any forbearance by lender in exercising anv riq).t or remedy hereunder. or
<br /> utl*erwvist: atiorded by applicable law, shall not be a wais•er of ar preclude the exercise of wi , such right or remtdy.
<br /> ••ibm procurement of insurance or the payment of tax- C•r other liens or charges by Lender shall not be a waiver of Lender's
<br /> right to accelerate the maturity of the indebtedness stcumd by this Mortgag%
<br /> I'L Remedies Catnulative. All remedies provided in this Mortgage are 3istinct and cumulative to any other right or
<br /> rrrnedy under this N14irtgage or aPor•ded by to".v or equity. and may be ci;erc.~,ed concumntly. imlepesndently cr successively,
<br /> 13: SuecemAws and Amens Bound; Yaint and Several LimIn7fty; Cal-Cola. The covenants atW, agreements Irwin.
<br /> corrtairnd shall hind. and the right,% hereunder shall inure to, the respective viccesscrs and assigns of Lenlcr and Borrown.
<br /> s;ah;ect to the provisions of )taragraph !7 i:ercof. All covTnants and agreernews of Borrower shall be 'tint and several.
<br /> The ca 'ions and headinp of the paragraphs of this Mortp,ap: are for convut:ence only and are not to be used ro
<br /> inicrptt:t or defrnw the provisiew: hereof.
<br /> 14. Notice. Except for any notice mquircd under applicable law to tt: given in another manner, (a) any notice to
<br /> Borrower provided for in this Mortg:g~; shall be given by mailing such natic; by Certified mail addressed to Borrower at
<br /> the Projxrty Address :;r at such other address as Borrower may Anignate lsy notice to Lene'.er as provided herein, and
<br /> (b) any notice to l.cnc'cr shall be [riven by certified mail, return receipt requtstcd. is Lender's address stated hcrrin or to
<br /> such ottlt:r address a`° Lender may designate by notice to B'orrow'er as prnvi*d her::n. Any notice provided for in this
<br /> mortgazc 5A`:01 be deemed to have been given to Borrower or L.en&-r when given in +e manner designated herein.
<br /> IS. Uniform frtorfpWr- Governing L.aw. Severability. This font of mortgage cotMines uniform c'wenants for stational
<br /> :ys an i non-ut iform. mve-nants with limiter' Yariatitms by iurisdic'ion to constrtrric a uniform security instrument covering
<br /> ;cal prop,-riy- `ilr s Morrga.[- shall be governed by the law of the jurisrlicticrn in w•h:ch the Property it located. To the
<br /> t-tnt that any provision or dausc of this Mortgage or the Norc ccnilict; wi.h arpl cabin law, such conflict shall pelt Alcet
<br /> nt.}:rsr pfnvisifnrs of this Mnngape or. the. Vote +'+bich LVI be gi-, n ef`r:tt withoezt the conflicting pmrixior,, and to this
<br /> end the pro-eisions of the %dorigage and the ` .-fte are de.+.'tared to we severable.
<br /> lts,. Borrow is Copy. Borrower s?tail t-- furnished a confomtcd copy of t'-2c Note aryl of.' this Mortgage at the tint
<br /> of c tcootion or +a:tcr recordation hereof.
<br /> 11'. T-;-nsfer of the Property; Amimpticin. If ail cr any part of the Property or an interest therein is sold or transferred
<br /> r„•y,r'o%vcr N%kh:a:rt LeioJer's prior u,s;:ten zenstra. cxc:edin g ;a1 the creation of a lien or encumbrance stOx-nlinate to
<br /> th Ml -Irtgagc, (,b) the -creation of a purcha:xe money sc, )riiy intertm for household appliances. (c, a transfer by devise,
<br /> d<sacett or by onermion rr:f law' upon the death of a joint •.cnant or (d) the grant of any leasehold interest of three years or kzs.
<br /> ow containing an ..prior, to purchase. Lender m,ry, at Leader's option, declare all the sums sxrured by this Mortgage to be
<br /> immediaicly due and payable.. Lendcr shall have suaivsd option to accelerate if. prior to the sale or trantler. Lender
<br /> arn1 th'_ ocfwn to :;tram the property is to be sold or transferred reach agree.-mznt in wri!ing that the crV14 of st;ch Dem. or
<br /> is satisTa Mary to Lender and than the interest payable on ON,! =.ums seared by tais Mortgage shall be at such rate as Lender
<br /> tl.Iall rcQu,7st_ If I._er>der his waives: the option to acceltratt provided in this paragraph 17, and it. Borr)wer'r;. succcst.,,.
<br /> lr. ter;r..rt 7;a;t executed a written assume,",iTmn, :agreement acceptet in writing by Lender. Lender 0-11 isIrruwrr from ail
<br /> ie•o5 kinder this Mortgage and the iNotc..
<br /> It' Lz-4tr exercises, rich ontior. to acce'ceratc, Len&, chill mail Rorrower notice of acceleration in accordance with
<br /> paragraph 'iz krcrcof. St,c? •10tice sba'h provide a ie.-iod o' 11101 less thart 30 drays fror.a the dstc the notice is raveled within
<br /> Which Z:)n. rt o►k,;r may pa.y t...e sums der.-laird due_ if I:orrotrer .`ails 10 fay smil sums prior to the ecpiration of such period,
<br /> 1[.en3e' !",ay, w -trout fur,-'mT notice or dtxnand on Borrow°cr, inv+cke any rrmedi;s pcrmitted by paragraph 18 ht>rcof.
<br /> P•oN-UN:YORst G e is waxes. ~Ior;cwcr and Lcadt:r fitsthe. c+re.x nt and agrees foliews:
<br /> 19. Accelcrat:'arn; Retried" ]Except as prvr':ded in pxra grayhk 17 hereof. upwrt Borrowees broach of any covenant or
<br /> rrt:~aatnt of $arro+ver it this MOVI. rtge, ltrcludia% the crwetsrnrn to pray wtaen drre any snaps 9"vred by this Nfarrycage,
<br /> Lender pricer to aH:ctkersxflori shall runs notice to Bwrowtr as provided in paragraph 14 hereof specifying. (I) the breach;
<br /> the xsrti►oo regvired to curt, such bsesch; (3) a datr,.t"ot leavmr than 30 .days; from the date the notice is malted to garrt%wer.
<br /> by which sorh bre-tch nxtrrt ltv cured, and (4) that fullrxe to rare seek Lveach on or before the date, swcitied in the notice
<br /> may result in aa:ceieratiam of the repines secured by thb, Mort e. +lamloxene by Jorlkbat proceeding and sale of the property,
<br /> The aati--e rh:tl turtfher inform Borrcnter of the rfighr to mimtarie after m(ekr*1!w.m and the right to swerc in the foreclosure
<br /> proceeding tht win-txistente of a default or any other d,-renve of ll omuver to sertkratsm and foreckw.vre. if the breitch
<br /> is opt curt-4 coca or bt•£ore th,:, date speviNed in the soti%e, Lemlet oat Ltudtr'rt optirat any declare all of the seams secured by
<br /> this rrfor g-fte to Sr lnxtredisueiy due aid payable witbt,rA fewliierr tr,erataad and may foreckw by Judicial proceeding. [.ender
<br /> .:MtH hK entid&A it vAlect in %,3ch proc•eediwg sal expe"m of ftlrml:±r wrr. lnelodtog. but not llrnked to, crests of documc atary
<br /> ts•idrnrt, abOrzetx .kwl dtk reports-
<br /> I9. 13orrewer'x BiOt to lteirstate_ Not-irxlcrta.-n ediytg I cndet'r arxceleration of the stir are secured by this Mortgage.
<br /> '-e,. rrvr r u a,i lm,-t the right to have un-, pro,:ereir.gs "Arzun by Leni"cr to. enforce this Mortgsge d:scontino---d at artly time
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